Topic: Is it a good idea to buy some bitcoin now? - page 7. (Read 19986 times)
Now it is very difficult to speculate what will happen next with the market. But my personal opinion, if I had money, I would now invest in BTC as the price really allows it.
As currently, Bitcoin price is about $3400, almost the lowest price of past 10 months.
Is it the right time to invest some for the moment?
Thank you for any suggestion
Is it the right time to invest some for the moment?
Thank you for any suggestion
It may be. But no one know when is the true time exactly. We were talking it never fall under 6K from six months. It did! I think 3K level is the last defence line. Under 3K can be dangerous.
So, never buy Bitcoin with loan or any lend. Never put your all money in it.
what you need to have in mind is that you will NEVER be able to buy at the bottom of any drop. it is simply impossible. only one order among millions will be at the lowest price. and since that price is unpredictable what we do is that we guess what the lowest price may be and then choose any price above that and buy.
that makes current price a good candidate for buying if you consider this to be the end of the drops or close to it. in my opinion this current price is lower than what lowest price should have been which makes it a good entry point for me. but your speculation may be different so try making decision based on that.
that makes current price a good candidate for buying if you consider this to be the end of the drops or close to it. in my opinion this current price is lower than what lowest price should have been which makes it a good entry point for me. but your speculation may be different so try making decision based on that.
You would never know and you can't be sure about that question. When price goes down everyone talks about the buying bitcoin but actually we can't know that when the crushing stop. If you use this strategy you have to loose. I believe that you need to prepare your plan with your time table and you have to stick with that plan. Otherwise you would loose it.
If you seeing it from the perspective of it been more affordable than before it would seem like a good time to buy
but if you seeing it from the current situation of the market it might seem as a bad situation.
But with the right strategy buy bitcoin now would not be a bad idea
but if you seeing it from the current situation of the market it might seem as a bad situation.
But with the right strategy buy bitcoin now would not be a bad idea
There's literally no way to find out if this is the lowest it can get or not.
If you're planning on holding bitcoin for decades at least, then probably $3400 is a good price to buy some. A $1000-$2000 price difference is little to nothing if you're actually bullish on bitcoin long-term.
If you're just trying to make money short-term though? I don't know. No one knows. If you're going to gamble short term, probably go to a casino instead. If you lose, at least you probably somewhat enjoyed the experience.
If you're planning on holding bitcoin for decades at least, then probably $3400 is a good price to buy some. A $1000-$2000 price difference is little to nothing if you're actually bullish on bitcoin long-term.
If you're just trying to make money short-term though? I don't know. No one knows. If you're going to gamble short term, probably go to a casino instead. If you lose, at least you probably somewhat enjoyed the experience.
As currently, Bitcoin price is about $3400, almost the lowest price of past 10 months.
Is it the right time to invest some for the moment?
Thank you for any suggestion
Is it the right time to invest some for the moment?
Thank you for any suggestion
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