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Topic: December 2018: Is this a good time to enter bitcoin if you have cash? (Read 21885 times)

copper member
Activity: 474
Merit: 3
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Indeed it was a good time to enter 5 months ago in December. Interestingly in the poll several voters believed that bitcoin would hit as low as $1200. Is that still possible? Yes, but will it go that low. Will there be enough fear and when? Where would the buyers enter if it could go below $2000?

All questions I'm sure we think about a lot.
hero member
Activity: 1246
Merit: 529
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.. snip ..

Price of bitcoin has not changed over the last 40 days. Sentiment has been low based on polls and opinions of bulls.

It's because there's not enough volume, meaning just the same people playing around the market, either shorting or just long term holders or even speculators who uses bot to trigger another sell-off just like we witnessed in the last 48 hours.

So there's no fresh blood to pump the market and unless we hear some good news to come this month, we might see the price trading sideways or worst going to the lower lows or the edge of $3K.

Well that's something to expect since people have other priorities when it's holiday season. The price last december definitely would be a good time to take stocks but it's also giving time so many people don't have that much to spare.
hero member
Activity: 1834
Merit: 523
If you bought bitcoin in the year of 2018 December you can get some profit last few days because bitcoin became $4000 again but the value of it decrease and now is $3600 again and don't be worry about that . You can enter bitcoin finally this year 2019 because it will be better the value compared last year 2018 when the whole year always decreasing the value. There is no need for you to think more just invest now your extra money.
hero member
Activity: 2632
Merit: 833
.. snip ..

Price of bitcoin has not changed over the last 40 days. Sentiment has been low based on polls and opinions of bulls.

It's because there's not enough volume, meaning just the same people playing around the market, either shorting or just long term holders or even speculators who uses bot to trigger another sell-off just like we witnessed in the last 48 hours.

So there's no fresh blood to pump the market and unless we hear some good news to come this month, we might see the price trading sideways or worst going to the lower lows or the edge of $3K.
copper member
Activity: 474
Merit: 3
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The bitcoin price index is now 1.000000 XBT = 3,836.92 USD


~1 year ago the price was 1.000000 XBT = 19,916.37 USD


The current price is 19.3% of the previous all-time-high.

Price of bitcoin has not changed over the last 40 days. Sentiment has been low based on polls and opinions of bulls.
sr. member
Activity: 2618
Merit: 439
Just set aside a cash or fund that you are prepared to lose when you are investing in a cryptocurrency like bitcoin. This kind of investment is always risky and if you are not yet prepared for this then educate yourself first on cryptocurrencies. Bitcoin stays below $4000 and still good to buy, many believes that the coin will further go down this year before pumping again.
That is correct, newbies have tendency though to buy 1 bitcoin in a hurry. There is a proven method that you can purchase in small amounts and gradually increase and you would not noticed that you have stash more than 1 bitcoin already. So I will say that since the price is tanking at $3-$4K, its still a good time to get in while they are still at a discount price.
hero member
Activity: 2926
Merit: 722
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Consensus believe bitcoin will test $1200. This is as bearish as the board has been in the last 6 years.

I'd hardly call 4 people out of a total of 6 people who bothered to vote this poll a board consensus.
That's why its called a poll because we can choose up on our insights and majority of them voted for $2000 price bottom which didn't eventually happen on December 2018. We are
already on 2019 and price is tanking on 3000 above price but well its still not a sure thing if we can go below again or would just tank until the price would gradual increase on next months.No one knows.
member
Activity: 308
Merit: 35
Consensus believe bitcoin will test $1200. This is as bearish as the board has been in the last 6 years.

I'd hardly call 4 people out of a total of 6 people who bothered to vote this poll a board consensus.
legendary
Activity: 1834
Merit: 1036
December 2017 was a good time to sell Bitcoin if you are holding some at that time when Bitcoin reached its all time high. December 2018 is a good way to start over again if you still want to hold coins and sell when it reach another all time high. There are upcoming events that might hurt Bitcoin price again like the upcoming Chinese lunar new year where usually, price of BTC goes down before the event.
sr. member
Activity: 826
Merit: 256
Just set aside a cash or fund that you are prepared to lose when you are investing in a cryptocurrency like bitcoin. This kind of investment is always risky and if you are not yet prepared for this then educate yourself first on cryptocurrencies. Bitcoin stays below $4000 and still good to buy, many believes that the coin will further go down this year before pumping again.
copper member
Activity: 474
Merit: 3
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Consensus believe bitcoin will test $1200. This is as bearish as the board has been in the last 6 years.
member
Activity: 406
Merit: 11
The bitcoin price index is now 1.000000 XBT = 3,836.92 USD


~1 year ago the price was 1.000000 XBT = 19,916.37 USD


The current price is 19.3% of the previous all-time-high.

I think those who wanted to buy bitcoin at cheap price would have already done by now. We will not see such cheap prices of bitcoins again. On the other hand those who are asking that should be buy now or wait for 2000$ , are the ones who will never buy at any price and keep on thinking .

Yes it's never a good or bad time to invest in bitcoin it's the move which we make after investing which yields us the profit or loss, there were people.who were waiting for bitcoin to go back to $5k mark so that they can buy bitcoin and when bitcoin dropped down to under $4k still those people will not buy it.
hero member
Activity: 2436
Merit: 877
The bitcoin price index is now 1.000000 XBT = 3,836.92 USD


~1 year ago the price was 1.000000 XBT = 19,916.37 USD


The current price is 19.3% of the previous all-time-high.

I think those who wanted to buy bitcoin at cheap price would have already done by now. We will not see such cheap prices of bitcoins again. On the other hand those who are asking that should be buy now or wait for 2000$ , are the ones who will never buy at any price and keep on thinking .
full member
Activity: 742
Merit: 144
To be honest I am still very doubtful about this problem, because there is still a possibility that the price of bitcoin will go down even further. maybe I will wait longer to buy.
If you are in doubt, its good that you don’t invest and stay away from the market for now because if you are not confident in investing, you might sold it when you incur some loses.

IMO, investing right now is really fine as long you are ready to take risk go buy more good coins. Many investors believes that 2019 will be the pumping years of cryptocurrency, let’s believe on that too.
sr. member
Activity: 1792
Merit: 264
the biggest opportunity to put our money into bitcoin can be done now, because the movement of the price of bitcoin continues to decline to reach around $ 3,000. but before deciding to invest in bitcoin we must be able to understand the risks to be faced because bitcoin price movements are very fluctuating, we can lose the money we invest in bitcoin because bitcoin price movements cannot be accurately predicted by anyone. but if we choose bitcoin to be used as a long-term investment asset, there is a possibility that in the future market price movements can surge higher than now and we can get a bigger profit
full member
Activity: 854
Merit: 115
I think it's a cheap price if you want to invest long term. crypto is normal if the price goes up and down which is important, don't panic, still believe if the price will rise and more than the previous ATH
legendary
Activity: 2912
Merit: 1068
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If I had extra cash that I don't need I would buy Bitcoins. The price is cheap now but there is also possibility for further dump. Still this red situation on the market will not last forever and the market will recover so I wouldn't wait too long. Buying now is investment for the future and opportunity for new investors to come to the market and this will be good for everyone.
legendary
Activity: 1652
Merit: 1000
The bottom line could be anywhere but indeed this month the price of bitcoin is very low and for those who can buy more bitcoin i think they will feel the benefit from that however no necessary to have big cash to buy at least 1 bitcoin even you can buy it gradually from small amount and still not late to do so
sr. member
Activity: 719
Merit: 250
buy as you can It is a very rare opportunity
There are companies and investors who buys and hold bitcoin cold storage
Buying bitcoin will be difficult in the future

This is hard at what price is the bottom but buying these days is a good chance for us users. Yes by buying in the future price might really expensive. It is a good time to have btc and wait for profit by the time comes price increase.
sr. member
Activity: 1176
Merit: 286
buy as you can It is a very rare opportunity
There are companies and investors who buys and hold bitcoin cold storage
Buying bitcoin will be difficult in the future
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