Is it a good time to buy Bitcoin ? - page 4.

ingiltere

legendary

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Bitcoin is going new highs, I'm not sure if it's first step of going new all time high but right now it's the highest number already, passed 14k and trying to hold onto it now.
You should ask yourself this, are you confident that Bitcoin is in bull run now and it will break strengths? If you are not confident enough you might make a panic buy and that would return you a loss.

I'm optimistic and I feel that Bitcoin will see new highs next year but I also hold my BTC so my buying point is not 14k. I probably wouldn't buy from this price if I do not have any BTC. Buy low and sell high, this is the basic principle. You are asking if you should buy from top already. Yes, we might see new tops, and I'm pretty sure we will see, but who knows when? If you want to make a good profit your entry point is very important.

Quote from: crypto1998 on November 03, 2020, 03:54:49 PM

but im affraid that if i wait it will go more higher to 16k-20k

This is the exact thing we call "FOMO".

Oasisman

hero member

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Quote from: maydna on November 03, 2020, 10:59:29 PM

I guess you are a bit late to buy bitcoin at a lower price Grin

But for a new comer in crypto space like him it isn't.
Did the people bought at $100, $1,000, or $6,000 said they bought late at a lower price?
I may reconsider buying today as late for the lower price If you're invested with Btc for quite a long time already.
Buying today might be a perfect timing for the future price of Bitcoin. Who knows Btc might be over $100,000 in the next few years. Btc's volatility makes it more interesting to invest.

Fortify

legendary

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Nobody can really help you in this situation - you are asking other people to predict the future and if anyone could do that, they would be making a lot of money from it. The general trend for bitcoin does seem to be upwards and demand is heavy right now. You have to remember that there are finite bitcoins available, which can fall each day as bitcoins get "lost" to the original owners for whatever reason and everyone is essentially competing for a pie of 21 million pieces. It seems healthy to have a chunk of bitcoin as part of a diversified portfolio, but it really depends on how much money you could afford to lose.

Oceat

sr. member

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Quote from: bgaisha on November 03, 2020, 04:44:15 PM

I suggest that, while there is nothing like the "best time to buy bitcoin", the decision as to buy or sell is completely up to you.

Totally agree with this, but should know when to invest, to buyback and sell. Dealing with this unpredictable market of Bitcoin is a real challenge we don't know yet if when this PayPal hype would ended because I know somewhere down the line the unexpected will always going to happen. And for the OP, I suggest you buy during the dip instead of buying now since the price is in peak side, you don't want to be worried if you are planning for a short term trade. Although, after the halving almost everyone is expecting the bull run next year, you might want to buy now and HODL until next year when the bull run starts.

bitbunnny

legendary

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I always say that the good time to buy Bitcoin is always when you have extra money and can afford to buy it.
Currently the price is on the rise so maybe a few weeks ago the time was more convenient but it's hard to predict when the price will fall or rise so it's up to everyone estimation what is the most convenient time. Just don't speculate too much, the price might go up even more.

coin-investor

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Quote from: crypto1998 on November 03, 2020, 03:54:49 PM

Hello guys do you think now is a good time to buy bitcoin for trading in cryptocurrencies not for holding it
because the current price looks too high for me (13500$) but im affraid that if i wait it will go more higher to 16k-20k
do you think BTC can fall again at least to 9000$-10000$ or that's not gonna happen and i need to buy it at this price ?

This is the problem with people who keep asking the right time to buy until they found out that the price already increased, you should buy when you have the money to buy not waiting for the price to drop, I have experienced that myself waiting for the price to drop so I can buy but it never happened, because of the uncertainty of the market.

Ridwan Fauzi

full member

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A few weeks ago bitcoin price weakened and tried to reach $9800 and below as its support previous support but it can't happen. Its price just touch $10000 as new support and has tauched many times it means I just thinking that at the current situation bitcoin will not fall to below $10.000

More than that with the strong fundamental I believe bitcoin can reach $20.000 as its all time high even more than that. As we may know the election in US will give a big thing for bitcoin price movement and also at the pandemic situation. The government will give a big stimulus that will make the dollar price will fall and as we may know if the dollar price fall bitcoin will increase as usual. So, this time is a good time to buy bitcoin, but you have to find another reason by yourself.

onecall123

sr. member

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Bitcoin is the best performing asset of the decade. Bitcoin has so much damn potential that invested in it much worth while. BTC is going higher and higher so pay attention to it. It's got the most solid potential to seriously multiply your money over the next few years. So far I'm hodling for years now and quite happy about it.

davinchi

legendary

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I am not sure anymore, I was thinking about selling my bitcoins at $13k when they moved beyond it, after that I saw it break over $14k and decided not to sell them, I was too late to sell at $13k and when I saw $14k it was also too late to sell because I imagined it would go higher, and now I am not sure.

Right now is not the time people could tell you to buy or sell, it is really high and usually you should buy when it is low and not when it increased this much, if you asked me during that $10k I always told people to buy because I believed it would go up and I was right, it did went up. This doesn't mean that it will not go up now, it could still go as much as $15k or even $20k and it could happen very soon as well, nobody could say it won't but it also is not guaranteed as much as it used to.

ibuddy122505

sr. member

Activity: 1066

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Quote from: wheelz1200 on November 04, 2020, 09:28:04 AM

Quote from: crypto1998 on November 03, 2020, 03:54:49 PM

Hello guys do you think now is a good time to buy bitcoin for trading in cryptocurrencies not for holding it
because the current price looks too high for me (13500$) but im affraid that if i wait it will go more higher to 16k-20k
do you think BTC can fall again at least to 9000$-10000$ or that's not gonna happen and i need to buy it at this price ?

Its always a good time to buy bitcoin, whether dumping or pumping cost average in. Put in buys regularly and you will protect yourself from both bottom and top buying bitcoin. Its a good risk reduction method.

Absolutely right, there's a phrase that i maintain- the more you wait, the greater amount of chances you're losing the opportunity to get benefit. Bitcoin is very profitable so it's always recommendation to invest now. Don't wait other prediction, buy regularly and then you will find yourself as a winner in the long run.

crypto1998

jr. member

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Quote from: peter0425 on November 03, 2020, 10:40:27 PM

Quote from: crypto1998 on November 03, 2020, 03:54:49 PM

Hello guys do you think now is a good time to buy bitcoin for trading in cryptocurrencies not for holding it
because the current price looks too high for me (13500$) but im affraid that if i wait it will go more higher to 16k-20k
do you think BTC can fall again at least to 9000$-10000$ or that's not gonna happen and i need to buy it at this price ?

I think you should lean first what is Bitcoin before trying to use this as trading material because this is not unless you have enough capital to do so.

Bitcoin price ranging from 13-14k these days and only gaining 1-3% each day,so how can you expect to get profit on that amount of increase when transaction fees will be there to take your small profit?
better consider other coins that has fast movement,if you get the perfect timing then you will have good income each day.

i want bitcoin to trade other cryptocurrencies in exchanges not trade bitcoin itself

wheelz1200

legendary

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Quote from: crypto1998 on November 03, 2020, 03:54:49 PM

Hello guys do you think now is a good time to buy bitcoin for trading in cryptocurrencies not for holding it
because the current price looks too high for me (13500$) but im affraid that if i wait it will go more higher to 16k-20k
do you think BTC can fall again at least to 9000$-10000$ or that's not gonna happen and i need to buy it at this price ?

Its always a good time to buy bitcoin, whether dumping or pumping cost average in. Put in buys regularly and you will protect yourself from both bottom and top buying bitcoin. Its a good risk reduction method.

kentrolla

hero member

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I would recommend you to wait for sometime until the price of BTC goes down because this is not the right time to invest as the market is bit stable from couple of weeks also the price is high when compared to the past few months price charts, there is a simple strategy if market buy low and sell high now anything is possible so better hodl your money and wait.

blckhawk

sr. member

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Quote from: crypto1998 on November 03, 2020, 03:54:49 PM

Hello guys do you think now is a good time to buy bitcoin for trading in cryptocurrencies not for holding it
because the current price looks too high for me (13500$) but im affraid that if i wait it will go more higher to 16k-20k
do you think BTC can fall again at least to 9000$-10000$ or that's not gonna happen and i need to buy it at this price ?

Well, personally, I think every time is the best time to buy bitcoins even if you are going for a trade but it will always depend on your timescale. I mean, if you purchase around $13k worth BTC you can still possibly earn profit and all you need to do is to wait. Honestly, we don't have any idea if Bitcoin if going to fall again or will go more higher, so I think the best option is to take the risk and purchase the amount you want then wait for it to acquire profit.

Kong Hey Pakboy

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Quote from: crypto1998 on November 03, 2020, 03:54:49 PM

Hello guys do you think now is a good time to buy bitcoin for trading in cryptocurrencies not for holding it
because the current price looks too high for me (13500$) but im affraid that if i wait it will go more higher to 16k-20k
do you think BTC can fall again at least to 9000$-10000$ or that's not gonna happen and i need to buy it at this price ?

I think waiting for bitcoin's price to go down is the right decision before investing your money in it because bitcoin's price is still in a range of $13,000, and there are still chances for bitcoin's price to go down at least $10,000. To be honest, No one knows when will bitcoin prices go up or down due to its volatility. But if you assume and analyze that it will take long for bitcoin to go down at least $10,000 price, I think you should grab the opportunity to buy bitcoin.

arwin100

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Jack of all trades 💯

Quote from: crypto1998 on November 03, 2020, 03:54:49 PM

Hello guys do you think now is a good time to buy bitcoin for trading in cryptocurrencies not for holding it
because the current price looks too high for me (13500$) but im affraid that if i wait it will go more higher to 16k-20k
do you think BTC can fall again at least to 9000$-10000$ or that's not gonna happen and i need to buy it at this price ?

That's why you need to react base on how the market loves today and if you want to buy by now simply monitor the market on how far the dump go and if you see enough fall then start to accumulate then wait for the pump since for sure we can see more pumping in next following days. But always remember that our expectations on the outcome sometimes never happen on our trades that's why it's good to spend time watching the market while you are waiting for good position or want to sell.

Lucius

legendary

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I can’t know when the OP first heard of BTC, but I can only tell him that it’s completely wrong to ask what he asks - so we’re not some prophets here who know if the price will drop below $10 000 again. Nothing is impossible when it comes to Bitcoin, and if you invest be prepared for losses one way or another, and by that I mean not only changes in price, but also the security of storing something as security-sensitive as Bitcoin.

For anyone asking this question, investing in BTC is always good - but only with that money you’re willing to lose at any moment - for some people it’s still better to stick to fiat or maybe gold.

Kelvinid

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Quote from: crypto1998 on November 03, 2020, 03:54:49 PM

Hello guys do you think now is a good time to buy bitcoin for trading in cryptocurrencies not for holding it
because the current price looks too high for me (13500$) but im affraid that if i wait it will go more higher to 16k-20k
do you think BTC can fall again at least to 9000$-10000$ or that's not gonna happen and i need to buy it at this price ?

If I tell you that this is not a good time to buy Bitcoin, does it matters to you?
That because you are afraid, you are also not sure if you want to invest and face the risk. There are various factors that help you to fill your doubts and maybe decided not to invest now.

try to check its market trend, try to consider what happens when the price surging high. Dumps have something to see after. Buying Bitcoin this time is not really good but of course, it also depends on your discretion.

GreatArkansas

legendary

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If you are afraid to for buying Bitcoin, then you can use some stable coin pairs, like USDT pairs just for trading if you don't want to get affected by the price of Bitcoin.
I also experienced this before when I am using Bitmex since Bitmex only allowed Bitcoin to trade and I only have fiat or money on my bank account. But the purpose of it, is for trading it Bitmex so I didn't think about the price of Bitcoin if I want to convert my fiat to Bitcoin and use it for trade, I think and focus on trading, how will I gain more Bitcoin.

lifeOK

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I can see bitcoin headed for the moon, this is best investment that will grow your money but you will have the ability to use it. I don't know about other perspective on this things but I'd personally load up on bitcoin. There doesn't require to go through any research to be made purchase bitcoin.

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