Guys I have 80K to Invest in BTC, my Goal is 200K$ by End of 2018, My only question is When is the best time, I want to buy BTC for 6K price what do u think?
We are in FEB and BTC price is more than 11K $ , I can imagine How Much BTC will go UP by end of 2018, But im looking 4 a crash to join in the game , Idk maybe March or MAY?
Not investment advice, just my general observations.Bitcoin prices go up and down, can be very volatile. It's very hard to time tops and bottoms of any market. However, I will say, in Bitcoin, that I've noticed a few things: first, Bitcoin price seems to often be very news driven, especially with "bad news" pulling the price down. This is true for any asset but I've noticed the effects seem to be exaggerated with cryptocurrency. Which brings me to my second observation, Bitcoin is still very illiquid, compared to other assets, so prices will tend to be more volatile. If I had the time, I'd try to trade that volatility, because it looks like it can be quite lucrative if you get in the groove.
Consider buying some at various price points, set an order for a few staggered entry points below market. For example, if you were to buy in 20k at $8000, maybe another 20k at $7000, something like that. If the price starts going up and these no longer seem realistic, you can always change unfilled orders. The way I look at it, it's better to set a spread of prices and get something than to set all of your buying at, say $7000, and the price reaches $7050 and you got nothing because it happened while you were sleeping or otherwise occupied.
If you're hodling and you feel like the price has reached a peak, it's always good to get out and buy back in at a lower point. One way this is often accomplished in cryptocurrency is with stablecoins, especially Tether, for example $USDT. I do not know for sure, but I've seen enough allegations about the financial transparency of Tether that I'd be cautious. The concern is that if there is ever a large crash it could be hard to get your dollars out of Tether. This may be unfounded, but if you search around, you will see information about this coin from people that know far more about it than I do. Make sure to research any coin that you would use to trade out of Bitcoin as a stablecoin. I would think a rock solid, fully transparent proxy for an underlying fiat currency would be very easy to establish and maintain. So the concerns others have raised about Tether would cause me to do a lot of research before I felt safe with it. But that's me, do your own research!
Anyway, my opinion probably isn't worth much because I don't trade Bitcoin, but those are my observations. Good luck, I hope you meet and exceed your goal!
Best regards,
Ben