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Topic: Bitcoin had a drop recently, that means is a good time to buy some? - page 2. (Read 464 times)

newbie
Activity: 10
Merit: 0
Thank you all, I've been reading you but not finished yet...

Trying to understand what you're saying can't help to compare the situation with Venezuela. Right now , there is no cash, no Bs anywhere. Dollar market is ruled by Dolar Today an instagram account that determines the price and according to that other people sell/buy. When is low, a lot of people looks to buy some in order to get a good price and if it goes up, people will hold on buying but trying to sell as soon as possible.

Is this a fair comparison? Has been going down slowly in the past last week and a half.
legendary
Activity: 3122
Merit: 1398
For support ➡️ help.bc.game
I am a new user of this, still learning on how it works and not sure how to start buying.

Now, just after the drop, will be a good time?

Numerous speculations; positive and negative, will give you lots of options on what to do and eventually it will lead you into confusions. What you must understand is the risks once you bought bitcoin and not the proper time. Anytime "can be" a good time and for others there are lots of considerations before they will buy.

If you plan to hold bitcoin for long term purposes then you don't have to worry (at least) on the price rate. If you have the guts to face the risks then do the buying. If not, then just refrain at the moment.

No one knows what will happened. Maybe tomorrow, it will crash, maybe it will pump hard etc etc.

Your decision...
sr. member
Activity: 882
Merit: 269
I am a new user of this, still learning on how it works and not sure how to start buying.

Now, just after the drop, will be a good time?
Bitcoin, just like other part of investment is good to invest when the price is low and sell when the price is high. now provide the best time for you to invest in bitcoin and other cryptocurrencies. It take a good understanding for one to actually buy when the price is low.
newbie
Activity: 42
Merit: 0
I am a new user of this, still learning on how it works and not sure how to start buying.

Now, just after the drop, will be a good time?
if you want to buy make sure you can buy what amount you can afford to lose because investing in bitcoin is very risky  due to the fluctuation that always happen nowadays,  and besides  your a newbie  for sure you have not enough knowledge about doing investment,  so i suggest to read some blog or tutorial to gain more knowledge on how to buy in a right time and how to prevent loses in doing investment. And for sure you can make your own strategy also from it .
yeah this time is good for buying and more of it take loans and invest into bitcoin because bitcoin will keep on getting higher node values in coming days so these are the golden chances avail them all and gather enough for the rest of life,
sr. member
Activity: 1988
Merit: 283
I am a new user of this, still learning on how it works and not sure how to start buying.

Now, just after the drop, will be a good time?
if you want to buy make sure you can buy what amount you can afford to lose because investing in bitcoin is very risky  due to the fluctuation that always happen nowadays,  and besides  your a newbie  for sure you have not enough knowledge about doing investment,  so i suggest to read some blog or tutorial to gain more knowledge on how to buy in a right time and how to prevent loses in doing investment. And for sure you can make your own strategy also from it .
hero member
Activity: 1666
Merit: 753
I am a new user of this, still learning on how it works and not sure how to start buying.

Now, just after the drop, will be a good time?

Expect some panic dumps after bitcoin price continues to stay under $10k.

Buying some now isn't really about what the price is. It's more about what your personal strategy is.

I would recommend doing some dollar cost averaging when buying coins, aka buying in equal chunks regardless of the price, as long as the price is below $9-10k. That way, you're not getting the best deal, but at least you're not getting the worst either. It's a good strategy to start buying coins for the long term.

If you're speculating short term, buy when prices drop to $8-8.5k and buy there, wait for the recovery back up to $10k+ and go from there. Just my opinion though.
hero member
Activity: 1526
Merit: 596
I am a new user of this, still learning on how it works and not sure how to start buying.

Now, just after the drop, will be a good time?

Better time to buy than $12k for sure, since you have the benefit of hindsight.

I can see bitcoin floating around $9k-10k for a while before reentering the $10k level. After $10k is hit the growth should actually accelerate and the recovery could easily take bitcoin to the starting price of the year, which is around $14k which we haven't seen since early january.

Ultimately, it depends on you. If you feel like you have the financial ability to buy some more and is willing to take the risk, then go ahead and do it. Nothing is guaranteed or black and white when it comes to btc speculation though.
jr. member
Activity: 76
Merit: 1
I am a new user of this, still learning on how it works and not sure how to start buying.

Now, just after the drop, will be a good time?

Yes when the price of bitcoin was low it is the prefect time to buy, and wait till the price goes up,  but still it is depend on your judgement, if you feel that the price of bitcoin was perfect for you to buy then go, and when you feel that it is the right time to sell your coin which can give you a chance to earn then sell it.
full member
Activity: 476
Merit: 100
www.daxico.com
Only few new comers will attept to try and buy the dip everytime there’s a correction/crash in fears that they will lose eventually. Others are also busy panic selling their bitcoin and their crypto assets. It’s time to buy the dip now and HODL.
member
Activity: 140
Merit: 30
yes as long as you think you can make a profit because if bitcoin goes down we expect that it will also go up! today is the right time not tomorrow Smiley
sr. member
Activity: 1624
Merit: 250
No one can tell you what time is good, so nobody doesn't know. But if you wanted to buy BTC, i think you were try when price dumped 6k. Now 10k almost. I think you should try altcoins rather than BTC to earn profits, so altcoins more profitable than BTC.
hero member
Activity: 3052
Merit: 606
It seems like it is a good opportunity to buy some more right now , it looks like the price is consolidating at this level. Most predictions say the price will go even higher after the Chinese new year is over , but take it with a grain of salt and pick a good entry point for yourself.
Right.The price at the moment may seen a little dip so if you really want to purchase right now,then go for it.Today might still be a good chance to make an additional of your coins.And once it will be back to a more soaring price again,because i'm sure it will,then you will start to gain much profit already.But if it goes lower just like the past scenario,stay calm and just hold your coins for a long-term investment.
jr. member
Activity: 93
Merit: 4
This is a good time to buy when bitcoin prices fall like this, do not hesitate to buy bitcoin because I'm sure that by the end of 2018 bitcoin will surge in price and that's what we want.
legendary
Activity: 966
Merit: 1042
well you missed the best time to buy, but now is pretty decent. The volatility slowed down so that's a good sign. The next thing to happen is for the price to start heading back on that upward trend. We went parabolic for a bit there but we'll get back on a closer-to-linear growth for this year, then more adoption will put us right back into the exponential growth.
full member
Activity: 214
Merit: 100
It seems like it is a good opportunity to buy some more right now , it looks like the price is consolidating at this level. Most predictions say the price will go even higher after the Chinese new year is over , but take it with a grain of salt and pick a good entry point for yourself.
member
Activity: 473
Merit: 11
I am a new user of this, still learning on how it works and not sure how to start buying.

Now, just after the drop, will be a good time?

The bitcoin drop is not always mean that you have to buy it. It could be too early and the price can drop more and even worst
Thats why learning about technical analysis on trading is also importany
newbie
Activity: 139
Merit: 0
How bitcoin works is very practical, we can buy at a time when prices fall like this and let for some time until the price rises and our profits can, and now is indeed a very good opportunity.
full member
Activity: 364
Merit: 101
Well if the market is down then buy don't hesitate to buy, Dont sell too early but hold it and sell if the month is bullish. Don't forget to treat yourself first before your family and friends. In Bitcoin we trust!
newbie
Activity: 43
Merit: 0
The problem is you never know when the bottom is. The key is to have a plan and stick to your plan. Know when you want to get in and when you want to take profits or a stop-loss. You should know going into each position what you would do given various scenarios, say price tanks 25%, do you hodl or cash out? What about 35% 50% 75%?  If you can't answer that question before you enter, then you shouldn't enter.

The same works for the reverse. How many people took profits early then watch the market take off after they exited their positions? You need to know when you'll exit. What's the plan? Perhaps take partial profits at certain intervals. If you have a plan and stick to it, you won't second guess yourself when the market gets agitated and feelings of fear & greed take over.
member
Activity: 616
Merit: 10
Buy low, sell high. If you think that the recent crash of bitcoin is the lowest value of its price then you can buy some bitcoins because surely, it will goes up.
In my analysis, bitcoin will moves up at the end of February. And I guess this is the right time to buy some.
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