1 BTC = $7,992.71 should i buy and wait or - page 3.

1Referee

legendary

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Quote from: Regenmacher on May 23, 2018, 04:14:39 AM

Next important mark is $7200, if it drops lower it can go anywhere up to $5k. So, you can wait a bit and watch the trend. If it goes up above 8-8.5k, buy, all you lose it not more than 5-7%. Or just buy now with no risk and headache, price is ok

$5000 is quite on the lower side and would indicate a serious drop in demand since it will break through several bottoms.

Main bottom is still what I believe to be ~$6000 that we marked back in February.
Main main MAIN bottom is ~$5600 that we marked last year.

Regardless of the price jumping up and down, long term speaking higher bottom development indicates growth, it's just that the upper (speculative) layer isn't really convincing, and it shouldn't be without anything interesting for people to jump on. In other words, the market is still going up, but not in the speculative way people like to see it go up.

My bottom development structure;

level 1 ~$5600
level 2 ~$6000
level 3 ~$6400
level 4 ~$7000 (in progress)

The gap between level 3 bottom and current price is ~$1400 so we have plenty of more room for downward force. It doesn't mean we will be going down that much, but we have some breathing room.

expertofexperts

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Its perfect time to buy and wait for it to swing back to 9500$, then you can sell it and earn good profit.

Question123

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From $8000 plus to that price I think it is good time to buy more bitcoin because they have chance to see again the price become $8000 or upto 10k dollars. But it's your choice if you want to buy more bitcoin this day or wait. Don't be panic because if you do that the price decrease more again and that's not good to us. Hold more bitcoin and you will get more money.

onebtcforlife

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Quote from: Regenmacher on May 23, 2018, 04:14:39 AM

Next important mark is $7200, if it drops lower it can go anywhere up to $5k. So, you can wait a bit and watch the trend. If it goes up above 8-8.5k, buy, all you lose it not more than 5-7%. Or just buy now with no risk and headache, price is ok

Your calculation is completely wrong even if it goes below to 7200$ and it is the right time to buy the bitcoin. Any price below $10k is always the right choice to invest in bitcoin without any problem.

Ararbermas

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Quote from: give on May 22, 2018, 06:32:44 PM

1 BTC = $7,992.71 is it now the right time for a person to buy bitcoins and keep to earn more profits OR i still have to hold?

if you gain enough profits on it then it's up to you if you want to dump and buy again when the value decrease more, or continue holding to obtain more profits when the growth rate of bitcoin stabilize .again.. Its up you mate but always bear in mind that the market is very volatile and no one can predict on it, so make some technical analysis first before doing anything such buying and selling in a right time to prevent regrets at the end .

Regenmacher

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Next important mark is $7200, if it drops lower it can go anywhere up to $5k. So, you can wait a bit and watch the trend. If it goes up above 8-8.5k, buy, all you lose it not more than 5-7%. Or just buy now with no risk and headache, price is ok

Slash61

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But for me there is no harm now also buy, if it is for long-term investment because it will not be long again we immediately back up, just as you take advantage of this situation by buying again Bitcoin and other people do the same, if you want to buy and then buy it , but a fall in prices can still happen, but since many others are talking it will be back in a few months, do not make your head a little depressed.

Dimon8

jr. member

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I think that today a good time to buy btc. The market is with the consolidation, the main crypto currency graphically show range.

olubams

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Quote from: give on May 22, 2018, 06:32:44 PM

1 BTC = $7,992.71 is it now the right time for a person to buy bitcoins and keep to earn more profits OR i still have to hold?

Currently, the price is even trading at the early part of $7900s which means it has gone further and if you had waited a little, you would have save $90 equivalent if you are still interested to buy. The question you need to ask yourself and anyone in the same dilemma is that, who will be responsible for the outcome of my decision, the moment you know its going to be you totally, then taking the decision should not be too hard to figure out at all.

Harlot

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Quote from: uray on May 23, 2018, 12:09:07 AM

Quote from: give on May 22, 2018, 06:32:44 PM

1 BTC = $7,992.71 is it now the right time for a person to buy bitcoins and keep to earn more profits OR i still have to hold?

Considering the current market situation it is not a bad buy either if you are planning to hold for a year or you could even earn a couple of thousand dollars when the market recovers and propel back to $10k, another important thing is that when it comes to investment, you should not listen to anyone if you want to be successful as an investor, you need to have your own conviction.

Yes it is not a bad buy right now but I don't think it is a good idea on buying Bitcoin at random prices as you are considering that it is cheap in your mind. Remember if you are looking at Bitcoin as an Investment buying Bitcoin at any price is a dumb suggestion, I know you got that idea from the "dollar cost averaging" technique but to tell you the truth it is a dumb technique as you are not able to maximize your capital by buying Bitcoin at any price. If you want to Buy Bitcoin you must always consider buying it near the support which in this case is 7,700$ and the next will be 7,400$ by buying it near the support you are giving yourself a margin of safety for your investment.

ralle14

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If i'm you and I don't mind losing more money i'll buy some bitcoins at this price it's not a bad idea to buy now knowing that the price is starting to go down it could still continue in the next following days but looking at the good side you're getting slightly more bitcoin than before. You can buy slowly or bit by bit if you have a feeling that the price would go down even further. A lot of users here are saying it's up to you which I also agree just don't take every reply too seriously here.

anad98

newbie

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For a short term investor its a downtrend as consolidation is taking place from last few days. This can be proved that market capitalization is continuously falling. At present it is $ 355 billion which has fallen from $ 460 billion in few days. So its better to wait for an uptrend and then enter in it. though in long run period if you want to hold for more than a year you can enter it as the value is near to its minimum of last month, somewhere around 6000. Still there is chance for improvement in prices and technical analysis tools are also not in the positive directions. So as of now Wait!!!!!!!!!!!!!!!!!!!!!!!!!!!

spongegar

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Quote from: odolvlobo on May 22, 2018, 06:36:37 PM

Quote from: give on May 22, 2018, 06:32:44 PM

1 BTC = $7,992.71 is it now the right time for a person to buy bitcoins and keep to earn more profits OR i still have to hold?

Asking for investment advice from random strangers on the internet is a mistake. You don't know why they are giving you those answers and you don't know if their answers are any good.

In general, if you don't know what to do, then you should avoid investing until you do know what to do. In other words, get out now before you make a big mistake and try again later.

I guess this person's post is right butbthen again I'm giving you an advise because we need more people holding on to their coins. The answer to the OPs question is yes. You could still buy now because the trend is still going up. We still have 2 more quarters to see profit from and buying now would be profitable in the next couple of weeks.

mstfprcn

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the first support poin is around 7800 usd, if it will be crashed 7200 is possible area for support, but i dont think it will crush 7800, because this support seems very strong and bounce will be possible.

arin_muah

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Quote from: harizen on May 23, 2018, 01:50:28 AM

Quote from: give on May 22, 2018, 06:32:44 PM

1 BTC = $7,992.71 is it now the right time for a person to buy bitcoins and keep to earn more profits OR i still have to hold?

It's up to you, take the risks and move forward or feel regret.

In putting money on bitcoin, you have to understand the risks. If your goal is to just acquired bitcoin or to the point that you really want to accumulate more no matter what and plan to hold it for long, then just buy if you afford to spend money at a certain price level.

It's still way more better if you bought at a certain price level then price decrease later on rather than force yourself to buy at even more high price since the goal is just the same.

this takes the courage to take decisions in the opportunities that exist, sometimes people still think twice to take good chances.and bitcoin price right now is cheap enough to buy.good opportunity now.

harizen

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Quote from: give on May 22, 2018, 06:32:44 PM

1 BTC = $7,992.71 is it now the right time for a person to buy bitcoins and keep to earn more profits OR i still have to hold?

It's up to you, take the risks and move forward or feel regret.

In putting money on bitcoin, you have to understand the risks. If your goal is to just acquired bitcoin or to the point that you really want to accumulate more no matter what and plan to hold it for long, then just buy if you afford to spend money at a certain price level.

It's still way more better if you bought at a certain price level then price decrease later on rather than force yourself to buy at even more high price since the goal is just the same.

Lorence.xD

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Quote from: uray on May 23, 2018, 12:09:07 AM

Quote from: give on May 22, 2018, 06:32:44 PM

1 BTC = $7,992.71 is it now the right time for a person to buy bitcoins and keep to earn more profits OR i still have to hold?

Considering the current market situation it is not a bad buy either if you are planning to hold for a year or you could even earn a couple of thousand dollars when the market recovers and propel back to $10k, another important thing is that when it comes to investment, you should not listen to anyone if you want to be successful as an investor, you need to have your own conviction.

An investors decision before putting in his possible investment for Bitcoin, would required an in deep analysis of the market movement on crypto currency trading, the amount involved for possible investment on Bitcoin project, yes, the price value on the market, the fundamentals, its is for long term or short term investment. Maybe it is a good idea now to invest while the Bitcoin price value is low, but i would suggest that before you make such final decision for investment on Bitcoin, check all legitimate acct. as posted on the wall before you make a final arrangement for such investment, be careful on the scammer on the crypto currency market treed.

genixye

newbie

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I think it's a good time to buy, the lowest price for bitcoin this year is $6,000, and obviously there's no chance to buy it now. I believe bitcoin will grow substantially in the coming months.

EnricoGomez

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Only cash your bitcoin earnings out when you actually need money so bad, if not then simply don't.
The value of bitcoin is expected to grow on the passing years and it will be a significant profit for early users - just look at the charts on the introduction of crypto vs what it is now and you bet it made quite a lot of investors in 2009 instantly rich.

Twentyonepaylots

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Quote from: Nerman on May 22, 2018, 11:48:55 PM

Quote from: odolvlobo on May 22, 2018, 06:36:37 PM

Quote from: give on May 22, 2018, 06:32:44 PM

1 BTC = $7,992.71 is it now the right time for a person to buy bitcoins and keep to earn more profits OR i still have to hold?

Asking for investment advice from random strangers on the internet is a mistake. You don't know why they are giving you those answers and you don't know if their answers are any good.

In general, if you don't know what to do, then you should avoid investing until you do know what to do. In other words, get out now before you make a big mistake and try again later.

I agree, first no one will be able to predict the future. Also each person have different read on their charts, as well as they have different strategy and profit margin. If I were you since it seems you do not know how to read charts just buy some Bitcoin then just hold it for a long time.

Wow, this something new on the treed, Bitcoin investment something we should be more careful about, yes, it is your decision to make on whether or not you put in your investment while the price value is dropping, but the more careful analysis, market research is needed before you make such move, maybe it is a right timing to buy Bitcoin with this low price as posted on the wall yet, i would advise that if do so, buy on the legitimate account, do not simply relay on the one posted on the wall, remember there are a lot of scammer are the crypto currency treed, fraying on the possible investor with a limited know how on the Bitcoin market trading..pls. be careful before you make your final decision.

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