Topic: [2019-02-26] Could this be the Best Time to Enter the Cryptocurrency Market? (Read 203 times)
March 06, 2019, 05:57:00 PM
The market has been always highly speculative if you're going to ask everyone here and asking if this is the best time to enter the market. It would be a yes for those aspiring crypto investors that are tuning in if this market would recover gradually. As we see it today, bitcoin starts to recover and price is moving slowly. If others are too disappointed to see this slow gains, its better for them not to invest. OP you mentioned it as 'yes and no' but your reasoning about no, seems flawed.
March 06, 2019, 02:29:24 PM
As for me, it's impossible to know exactly when is the time to enter, so the best option would be to buy in fractions, keeps some for long-term, and another part to be sold when the price increase. In other words, money management.
This is what I'm doing where I do accumulate bitcoin and other alts which some portion are intended for long term holds without the plan on selling it no matter what the price and I do set specific year to let it go and the rest would go for shorter ones to make myself enjoy while I'm waiting for the other side because waiting and doing nothing would really be boring. heheThe best time to enter with this market is still unknown.
March 06, 2019, 12:34:14 AM
It is funny to see that someone raises the question of whether the time is right for enter cryptocurrency market, and then gives an answer yes and no. It is good time if we can agree that bitcoin is reached the absolute bottom (close to 3000$), but it is not good time if we want to believe those who say the opposite (price will go below 3000$).
Definitely. The best answer for this type of question should be in 2009 where Bitcoin is still worth less than a penny.
I'm seeing at least three groups in regards to Bitcoin price movement, those who believe this is the time for accumulation, the next one said that there will be another dump after this, and the next one is those who don't care where the direction will go, they just act in very short-term with leverage to increase their profits.
As for me, it's impossible to know exactly when is the time to enter, so the best option would be to buy in fractions, keeps some for long-term, and another part to be sold when the price increase. In other words, money management.
March 05, 2019, 06:02:30 AM
It is funny to see that someone raises the question of whether the time is right for enter cryptocurrency market, and then gives an answer yes and no. It is good time if we can agree that bitcoin is reached the absolute bottom (close to 3000$), but it is not good time if we want to believe those who say the opposite (price will go below 3000$).
Still, I believe most people can agree that this is a very favorable time for investing in cryptocurrency, considering that more then 1 year price is going down, and that at one time probably we can expect a reversal. It is true that we can not rely entirely on the historical data, but if we take them into consideration we can see a certain pattern.
Some very interesting data can be seen on this link : Bitcoin price charts
Still, I believe most people can agree that this is a very favorable time for investing in cryptocurrency, considering that more then 1 year price is going down, and that at one time probably we can expect a reversal. It is true that we can not rely entirely on the historical data, but if we take them into consideration we can see a certain pattern.
Some very interesting data can be seen on this link : Bitcoin price charts
March 05, 2019, 12:58:08 AM
We do not know what will happen in the future, but we do know that the people who jumped in and bought some bitcoins, will be in a position to make some profits, IF this thing goes to the Moon. You cannot make a profit, IF this goes to the Moon, if you do not have bitcoins to sell.
People should just look at a 80%+ drop in the price as a huge bargain and make the decision to take the risk. Some people will make that decision when the pump happens and they will surely lose out on a lot of profit.
People should just look at a 80%+ drop in the price as a huge bargain and make the decision to take the risk. Some people will make that decision when the pump happens and they will surely lose out on a lot of profit.
March 04, 2019, 06:51:45 PM
For those who are willing to risk their money to invest then good. But for the majority of them, it's a wait-and-see attitude, just saying.
I do completely agree with this line which most traders or investors do really just wait and see for possible opportunities that they would able to see along the way.
If they would able to see a trigger out thing then they might consider to get in but for now theres no reason for them to place positions yet the market is still moving sideways for how many long months
already and the possibilities on getting lower is still there.
March 04, 2019, 03:16:21 PM
I don't know what 'stable growth' the writer of the article is saying. Bitcoin for example has been trading sideways since the last all-time-high and we seen this pattern around the $6000-$6500 region. It is trading sideways because investors are reluctant to enter. If this is the best time then why are investors not taking the opportunity to accumulate. It's because there's no catalyst, simply as that. For those who are willing to risk their money to invest then good. But for the majority of them, it's a wait-and-see attitude, just saying.
March 04, 2019, 01:47:37 PM
By this point choosing one particular moment is kind of pointless. You may as well spread yourself out a bit. There doesn't look like much radical action on the horizon. At the very least going all in around now will serve you better than had you done the same a few months ago.
March 04, 2019, 11:36:36 AM
The charts that can correlate to the bitcoin halving are good to go by. Historically the pump starts one year before the halving so still a couple of months to go
February 26, 2019, 10:02:38 AM
On the 17th of December, 2018, Bitcoin was priced at $3288, and that was one of the lowest price points since recording its all-time high on 17 December 2017. The rest of the altcoins traded way below their predicted prices. However, 2019 brought a little hope to the investors.
Though Bitcoin and the other cryptocurrencies did not break out in a sudden surge as it did a year ago, it is slowly moving up the price curve. The question is: is this the right time to enter the cryptocurrency market since all the big guns are showing signs of price surge?
Pattern Analysis and Momentum Gathering
Since the Bitcoin performance usually has a spillover effect on the altcoins, I will use the Bitcoin historical chart to make a point. When the Bitcoin price chart is analyzed critically, it becomes apparent that the cryptocurrency does not make two separate crash consecutively.
After one long fall, the price becomes steady for a while before surging even higher than its all-time high. On 10 January 2014, Bitcoin recorded over $800 price point, and that was almost the highest it ever tasted in five years after its inception. Right from then, it fell drastically to as low as a little over $200 and later became steady for a while. Throughout 2015, Bitcoin remained steady before breaking out in the last quarter of 2017.
Between 25 November 2018 and today, 25 February 2019, the Bitcoin price has been very stable as it experienced back in 2015. The cryptocurrency has traded between a little over $3100 and $4100 for the past three months.
If the historical nature of the price is anything to go by, then there is a likelihood that the cryptocurrency price will get back on track. However, analyzing a coin based on its historical price curve is not 100% reliable. No price prediction based on any so-called analysis is 100% reliable.
One other indicator of a possible incoming bull run is the September 2017 price stability. The Bitcoin price hovered between $3000 and $4000 on that month before taking a swift move on October 2017 before recording a near $20,000 price range on December 2017.
Is This the Right Time to Enter the Market
The answer is Yes and a No. Yes! because the cryptocurrencies are showing a positive growth rate after remaining stable for a while. At this point, most of the promising currencies are trading at a lower price, and this seems to be the lowest it could reach. Regardless, the market is still highly speculative, and anything can happen in the cryptocurrency world.
Source: ZyCrypto
Though Bitcoin and the other cryptocurrencies did not break out in a sudden surge as it did a year ago, it is slowly moving up the price curve. The question is: is this the right time to enter the cryptocurrency market since all the big guns are showing signs of price surge?
Pattern Analysis and Momentum Gathering
Since the Bitcoin performance usually has a spillover effect on the altcoins, I will use the Bitcoin historical chart to make a point. When the Bitcoin price chart is analyzed critically, it becomes apparent that the cryptocurrency does not make two separate crash consecutively.
After one long fall, the price becomes steady for a while before surging even higher than its all-time high. On 10 January 2014, Bitcoin recorded over $800 price point, and that was almost the highest it ever tasted in five years after its inception. Right from then, it fell drastically to as low as a little over $200 and later became steady for a while. Throughout 2015, Bitcoin remained steady before breaking out in the last quarter of 2017.
Between 25 November 2018 and today, 25 February 2019, the Bitcoin price has been very stable as it experienced back in 2015. The cryptocurrency has traded between a little over $3100 and $4100 for the past three months.
If the historical nature of the price is anything to go by, then there is a likelihood that the cryptocurrency price will get back on track. However, analyzing a coin based on its historical price curve is not 100% reliable. No price prediction based on any so-called analysis is 100% reliable.
One other indicator of a possible incoming bull run is the September 2017 price stability. The Bitcoin price hovered between $3000 and $4000 on that month before taking a swift move on October 2017 before recording a near $20,000 price range on December 2017.
Is This the Right Time to Enter the Market
The answer is Yes and a No. Yes! because the cryptocurrencies are showing a positive growth rate after remaining stable for a while. At this point, most of the promising currencies are trading at a lower price, and this seems to be the lowest it could reach. Regardless, the market is still highly speculative, and anything can happen in the cryptocurrency world.
Source: ZyCrypto
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