Topic: BTC price is 47k$, is good time to invest ? - page 2. (Read 434 times)

More likely we are going to see the price increase this coming days, after all we are still very bullish right?

So for me, whatever people say, it's always good to buy bitcoin at any price level. Of course the lower it is the better for us, but if you think long term, regardless of the price bitcoin could be a good instrument to add into our portfolio because it has proven to be the best asset so far. Yes, its volatile but you can used it as your friend, buy at every dip and then continue to accumulate overtime.

Btc has built a strong momentum right now, and I've seen that many people already trusted its strong capability. This currency became a global asset which truly valuable as to compared with gold and silver. Though other people won't appreciate this in a physical appearance, but with it's discreet character and ability to become more sustainable as time gets older is so overwhelming nowadays, looking on it's price soaring at the top.

In my opinion, you are very good to ask before making a transaction.  Crypto prices are currently out of order whether it's FUD, Bull Trap or others.  But in my opinion, it would be nice if you buy BTC assets carefully and you have to know a minimum of forecasting techniques so you can know how to invest properly.  If I were you, I would try to buy BTC but with some of the money I have.  This price drop may also be mentioned because of panic selling, but it is also a good opportunity to invest

The market value of Bitcoin is now on the rise and will continue to rise for several days. If you want to invest, I think you should wait a few more days. You will actually get the opportunity to invest within the reach of the price. In that case you will be benefited more.

There could be a possibility that the price can drop even more or will just play the pump and dump on its current state. No one knows what can exactly happen but surely many are waiting for that moment that the price of Bitcoin will drop even more to grab the opportunity of entering the market at an affordable price and to be able to stay for a moment up until the price rise up once again which will give them an edge of gaining profit from buying at low price and selling low.  Just be observant on the price movement and the behavior of the market to better assess if you can get through right now or wait up a little bit more to grab better opportunities.

Yes, it is true. Don't forget to use the stop loss feature. Because we will not know the price of bitcoin in the future will continue to rise, but what is certain is that every currency price has increased, there are times when the price will also decrease over time in market demand. Do not continue to be driven by an increase in price, that is where the risk will arise, if you have been blinded by the price increase, you will forget all the risks that will come. The point is to be patient and don't be greedy, by investing your funds in Bitcoin currency I think is the right decision, but again, don't always be driven by an increase in price, given the decline in prices that will occur afterwards. The stop loss feature is very necessary, because it can reduce the impact of the risk of loss. Better to lose a little (about 5% or 10%), than to lose more or even all of it.

Actually, we have also predicted, the price of Bitcoin will go up to what price and what price will it go down. But we don't know for sure it will happen according to our predictions, because sometimes our predictions are wrong, and we too believe that the prediction will happen so we leave it without using a stop loss. So here is one form of carelessness. Market demand will not always be the same, that's why we must anticipate it to at least reduce the impact of future risks. Don't put all of your funds to invest, because if we experience a loss, we still have the opportunity to return on investment with the rest of your funds that are left over.

The price dipped further to $44k,but I can't recall when there's a bad to time to invest in bitcoin as long as the price is below $100k, I still think whatever price you buy right now it's will be considered as a an early adopter, remember there are only 21million bitcoin and there are about 7 billion people in the world at the moment, holding at least 1 bitcoin before all the bitcoin is totally mined would be totally cool, just buy some bitcoin already before it moons.

I believe people who are smart enough about what is going on will know what to do and when to do it, they are very wise about the situation and they will not let people to get away with these kind of drops that whales manipulate to happen so we are going to just let it be and we are going to handle it just like they do.

If the price falls that means it will go up, so if the price falls then I will invest and I will make a profit because there is no scenario where people can't invest into bitcoin and won't make money, as long as you put your money in it, you will make a profit, some people do it quicker and some people wait years but EVERYONE makes a profit. We do now (the old people at least) bait the drops anymore, some people may get scared and sell but they are newbies, I will never sell my bitcoins until I have enough to retire, because even if I buy at 60k, I will still profit eventually.

With my last analysis in the last post quoted above, it has gone to Support 1 around $43k. It has also touched the Bollinger band below and has rebounded. It has now touched the upper band of the BB and is looking to burst the previous resistance at $51k.

If you have traded the support you would have gained ~15% if you close the position now.

At the moment it is difficult to say, since now there is such a situation on the market when large players want to redeem BTC from weak hands by any means. Probably the price can go down still, but after that it will go up. If you want to buy BTC, you need to decide for how long you want to do it, in the short term and in the long term. Personally, I believe that this year BTC will be able to grow to $ 100,000 for BTC and more, but after that there will probably be a big drop in price.

It is a good time to buy. Maybe not for you but for others, it is.

$49,100 right now and that's why if somebody bought on that price, he did a good decision and no need to worry at all.

Can it drop more from that? Yes, OP. In fact, as of writing this, you could have missed the opportunity already as it dipped below 45k. I remember it was like 43k-ish before it rebounded back to 47k. Don't panic though, we're still getting a lot of price correction lately so you might get another chance. If you're really into investing it now, you could.
I would still advise to wait a bit, then if it somehow go more than 48.999k, then don't think twice already.

I think no calculation work here and what you are saying just a hype that did previous year but this year market is totally different. So i think as huge investment here came and all good news around this market so anyone can take a chance in this low rate as it was hit to 50k$+, now its fully depends on investors actually.

the price is now at $48,400 and has two resistances that must break in order to reach very high prices:

- the price should break $51000 if want to reach $58000

- if the price break the $58000 then we will see the moon

in my case I prefer to wait until the price is $48,500 and up so I can buy and then I'll see if can break the $51,000, if don't break the $51,000 then I'll sell and buy when it drop

Checking from CMC and yes if you bought that from that level, you are now gaining some increase.



It's really tough but depends from how you trust your own guts, there's no one who can provide accurate
price but with doing your research you'll be able to catch up.

Good Luck to your investment.

If you have bought the dip, you'll already in good profit at the current price which is $48k.
I think price will continue to rise as this is a bounce back of the minor correction that happened few days back.

Good luck and always make the right decision which is not be greedy when others are fearful and dump when people believe price will continue to pump.
In short, always make sure you are in a good timing to buy and to sell your bitcoins.

Yes, it can drop more although, at the same time, it's always possible that price can also increase more. What to do now?

For short-term trading, you can take advantage of the price swing, but not a suggestion you will just take it if you are new to this thing. For holding, then just buy regardless of the price.

Decide by yourself and test your risk management.

If you already have a budget for investment, the current price can be said good to start with, moreover, you say investment means that you will save your BTC for a long period, it can be more than 6 months.
If you are in doubt you can do it gradually to buy a portion this week / month and so on until the target amount you want to invest achieve

If you do that already, you can tell yourself that I was not wrong. Because you know what, we are already a few dollars high and probably it going higher and higher in the next couple of days.

I know many people had missed this chance and I know also that many had fallen their balls selling their Bitcoin because of panic and worries.

And every time I heard regrets of not being patient and weak hands, that is personally a big problem of their own. I don't think it needs help either because no matter many people will say hold, but the decisions still on us. And we don't need to be in regrets because that was what we think is good. And possibly it keeps happening again and again.

The current price is still above $47k and observing the 4h time frame we are still on a bullish candle. The market is unpredictable it might continues to $50k or it might drop to the price that we didn't expected. If you already bought some below $47k you are already in profit right now. Just monitor the current trend since we can't predicted at what price it will reach the following day. Just invest in what you can afford in this market cycle.