Good time to buy? - page 10. | Bitcointalksearch.org

Mauser

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Quote from: Montane on January 29, 2022, 06:26:17 PM

Is it a good time to buy now? It looks like the bears have subsided. 30k resistance point is still holding strong. What do you guys think?

On my opinion it's a good time to buy right now. Prices are at a good level compared to last year for entering the market again. This is my opinion and nobody can give you a bulletproof answer here, even the best predictions can be wrong from time to time. It's good to ask yourself how much one Bitcoin is worth, for me it's close to 100,000 USD, that's why buying right now seems cheap to me. The dip we are in right now is not a crypto problem but rather a general problem across all financial securities. Also last year prices didn't go below 30,000 USD. I believe that barrier will hold this year too. The biggest risk would be another covid mutation coming out, or a war by Russia, China or USA, that could send prices much lower.

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Quote from: Coyster on January 30, 2022, 04:26:13 AM

Quote from: Montane on January 29, 2022, 06:26:17 PM

Is it a good time to buy now? It looks like the bears have subsided. 30k resistance point is still holding strong. What do you guys think?

It depends on a lot of factors

I totally agree.

Quote from: Coyster on January 30, 2022, 04:26:13 AM

Thus, asking if it's a good time to buy in here, I'm afraid many of us are Bitcoin believers, so you're more likely to get the answer that it's always a good time to buy Bitcoin (which it actually is), so you'll have to do your own research, choose a strategy that suits you, and always invest only what you can afford to lose.

I also agree, the only thing I want to qualify is that the way the OP asks, it is clear to me that what he wants is to play roulette (aka short-term trading). We have seen more times similar questions by newbies and they are all of the same style: they would like to guess if the price is going to go up in order to buy now.

Coyster

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Quote from: Montane on January 29, 2022, 06:26:17 PM

Is it a good time to buy now? It looks like the bears have subsided. 30k resistance point is still holding strong. What do you guys think?

It depends on a lot of factors: you, how much you want to invest, strategy used, your level of trust/believe in the network, long/short term investor, etc. I say so cause for some people who have seen it all on the Bitcoin network it's always a good time to buy, and whichever time they buy and whatever happens afterwards, they don't panic, be it a plunge, dump or a correction phase, they just watch it like an old movie they have rewatch countless times.

Thus, asking if it's a good time to buy in here, I'm afraid many of us are Bitcoin believers, so you're more likely to get the answer that it's always a good time to buy Bitcoin (which it actually is), so you'll have to do your own research, choose a strategy that suits you, and always invest only what you can afford to lose.

CryptoATM

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If you are in for 5 to 10% gains then buy and sell when your aim become a reality, if you are looking forward to buying and holding then you will be disappointed later because I believe all these little recoveries are nonsense probably another bull trap

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Quote from: Montane on January 29, 2022, 06:26:17 PM

Is it a good time to buy now? It looks like the bears have subsided. 30k resistance point is still holding strong. What do you guys think?

Yes, it is a good time to buy now. Hopefully, the bear is leaving now since the price is up again and the bitcoin price can go back to $38k. But we do not know if the bear will come again. The last bottom price of bitcoin is at $33k so hopefully, it will not go down to that price or even lower to $30k.

This situation makes the market rise, although not much, but I am sure the altcoin will get the impact of increasing bitcoin price. I suggest you research and analyze for more to see when is the right time to buy back bitcoin.

Charles-Tim

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Quote from: Montane on January 29, 2022, 06:26:17 PM

Is it a good time to buy now? It looks like the bears have subsided. 30k resistance point is still holding strong. What do you guys think?

It depends on the strategy used, it is very possible it will be like the support is $33000 but the price can dip more further after little significant bull market. To know when to buy can be hard for investors at times until the bear is finally over, but what you can do is to buy as the price is falling so that when the bear market ends, you will be able to have maximum profit.

mk4

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If you don't know when to buy or how to trade, then try making it far simpler for yourself — do dollar-cost averaging.

https://dcabtc.com/

Quote from: Montane on January 29, 2022, 06:26:17 PM

It looks like the bears have subsided. 30k resistance point is still holding strong.

Bitcoin just stopped dropping for like a single week and you're already making this assumption lol.

Montane

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Is it a good time to buy now? It looks like the bears have subsided. 30k resistance point is still holding strong. What do you guys think?

Topic: Good time to buy? - page 10. (Read 1444 times)