Is it good time to invest in bitcoin? - page 2.

samcrypto

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Quote from: rmnbsk on May 21, 2021, 11:58:14 AM

Hi, I am new to crypto? I was just following the crypto market for last few days. is this a good time to invest in bitcoin? if yes then short term or long term.

Thanks in advance.

Buying bitcoin now is a lot more cheaper compare to last month, but there's no guarantee that the price will stop from dumping and no one can assure to you this one. If you want to buy Bitcoin now, you can buy at least a small amount and when the price dump again, better to buy more. We don't know what is the bottom yet, so stay cautious and understand the risk of investing in cryptomarket, Bitcoin is my top choice though.

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Quote from: rmnbsk on May 21, 2021, 11:58:14 AM

Hi, I am new to crypto? I was just following the crypto market for last few days. is this a good time to invest in bitcoin? if yes then short term or long term.

Thanks in advance.

Depends on your choice because not all would really be a long term hodler and not all would really be a short time trader.So this would answer depending into your own preference.

Asking out if this would be the best time to buy bitcoin? I can partly said yes because of the recent price drop where I can say that the current price drop is a good point to get in.

Not an assurance if the price would go down deep further but this is much better rather than buying yourself into 50-60k point.

TimeTeller

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Quote from: dothebeats on May 21, 2021, 04:45:39 PM

Long term, yes, but for short term, no. Market direction is rather hazy as of this moment that it feels like we won't be experiencing more crashes but it continues to do so anyway. If you're in for a short trip, tossing coins back and forth to make a quick profit, perhaps this is not the best of time. You may be caught in a squeeze and be forced to sell at a loss if you're impatient.

Personally I'm just waiting for sub-$30k to buy again, as I believe that that price point and opportunity will be hard to come by once a rebound occurs.

The OP needs to assess first what is the reason why he is investing in bitcoin in the first place.
He will be the only one who can answer, if he is here for long term (how long) or short term.
Is he using funds that he can very well afford to lose or is he using his life's savings?
He can use the scalping strategy if he wants to make profits at a short term basis.
But he needs to be careful, as these small gains, may be gone at one trading mistake.

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when the market is crashing like this we also need to be vigilant, because the price decline continues, FUD is increasingly being spread. to get a deep price we need to monitor the market because it is currently down a trend, don't get stuck at a price that is too high. buying in stages or 20% of the capital is probably better. for now, altcoins are still too risky because bitcoin prices crash.

dothebeats

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Long term, yes, but for short term, no. Market direction is rather hazy as of this moment that it feels like we won't be experiencing more crashes but it continues to do so anyway. If you're in for a short trip, tossing coins back and forth to make a quick profit, perhaps this is not the best of time. You may be caught in a squeeze and be forced to sell at a loss if you're impatient.

Personally I'm just waiting for sub-$30k to buy again, as I believe that that price point and opportunity will be hard to come by once a rebound occurs.

$crypto$

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Quote from: DarkDays on May 21, 2021, 03:39:35 PM

Quote from: batang_bitcoin on May 21, 2021, 03:13:04 PM

Both long term and short term, it's a good time to buy bitcoin now. After going back to $40k a little while, the price dumped again. That's a timely question that you've asked and that's what you need to know. $36,000 is the price that you can see today and that will make you comfortable to buy because it's a lower price than a day or two. But be sure to know what you're investing before doing it.

How can you be sure that the price dump won't continue? Nobody can know this right?

So, for any new person trying to get into the market best makes sure that you do your own research as at the end of the day you're risking your own money.

Be smart and don't jump into every dip possible because you don't know if that really is a dip or not!

For me it is not quite right that the bearish possibility will continue and maybe a price below $ 30k could be a possibility.
So for me, beginners don't invest money when it's unstable even though many people recommend buying bitcoin because the low price doesn't rule out the possibility of falling again, so it's better to do research and continue to monitor the market until it really recovers.
But for me it will continue to fall and the bullish trend is over.

DarkDays

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Quote from: batang_bitcoin on May 21, 2021, 03:13:04 PM

Quote from: rmnbsk on May 21, 2021, 11:58:14 AM

Hi, I am new to crypto? I was just following the crypto market for last few days. is this a good time to invest in bitcoin? if yes then short term or long term.

Thanks in advance.

Hello.
Both long term and short term, it's a good time to buy bitcoin now. After going back to $40k a little while, the price dumped again. That's a timely question that you've asked and that's what you need to know. $36,000 is the price that you can see today and that will make you comfortable to buy because it's a lower price than a day or two. But be sure to know what you're investing before doing it.

How can you be sure that the price dump won't continue? Nobody can know this right?

So, for any new person trying to get into the market best makes sure that you do your own research as at the end of the day you're risking your own money.

Be smart and don't jump into every dip possible because you don't know if that really is a dip or not!

batang_bitcoin

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Quote from: rmnbsk on May 21, 2021, 11:58:14 AM

Hi, I am new to crypto? I was just following the crypto market for last few days. is this a good time to invest in bitcoin? if yes then short term or long term.

Thanks in advance.

Hello.
Both long term and short term, it's a good time to buy bitcoin now. After going back to $40k a little while, the price dumped again. That's a timely question that you've asked and that's what you need to know. $36,000 is the price that you can see today and that will make you comfortable to buy because it's a lower price than a day or two. But be sure to know what you're investing before doing it.

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Mate, first of all, welcome to crypto, its awesome to have you join us, and we hope you enjoy your stay... Grin

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Back to your question, look man, bitcoin is highly unpredictable, and so is almost all the major cryptos that have increased very much in value, anybody who will tell you to buy bitcoin straight away is just guessing for you, and one thing you should try as much as possible to avoid in crypto is people making decisions for you, the sooner you learn to make your own decisions and accept to bear whatever comes out of it,(profit or loss), the better and smoother your journey in this space will be.
Just like I've said before, bitcoin is highly unpredictable, someone can tell you to buy now and you discover that after you've bought, the price end up going down the more, there was only one right time to buy bitcoin, and that was when the price was $0.01, right now, there ain't any right time to buy that doesn't come with some level of risk, so you yourself know the amount of risk you are willing to take, so from the level of risk you are willing to take, you should decide which time is right for you to buy bitcoin.

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Quote from: rmnbsk on May 21, 2021, 11:58:14 AM

Hi, I am new to crypto? I was just following the crypto market for last few days. is this a good time to invest in bitcoin? if yes then short term or long term.

Thanks in advance.

Short term its good place to grab 10-20% during a comeback to around 45k which will most likely happened. In long term ... I would rather be carrefour. It does not matter what was a reason for dump ... it happened. -40% daily amplitude on BTC? Thats not normal correction. Thats the second bloodiest day in last 6-7 years. Only Covid panic sell day was worse. We broke 200MA, We broke every possible trend, every possible bullish indicator. It means that every technical trader will short every possible bounce. We will see hudge supply each time price will start to go up. We will need huge demand to convince technical traders that they should be bullish again. Demand from long term visioners. Do we have it NOW? I'm not sure. "China bans crypto" for 10th time and we have 20% dump. That's not what you see in bull runs. During strong bull runs people are too blind with lambo visions to take care about news, fundamentals.

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Well, it's always recommended to buy Bitcoin every time the price drop but I don't know if this is the dip price of Bitcoin.

Honestly, no one could predict what will be the price of bitcoin in the next day or month because bitcoin is unpredictable.

Since you are here in trading discussion I believe that you are looking for some advice from trader here. So here's my good advice to you if you want to make a profit on down trend always do short and buy Bitcoin where there is a huge drop or just like what happened recently from $41k to $37k.

$37k could be the dip price and bounce back again at around $41k and always make sure that you use Stop-limit or OCO to avoid loses.
That's my own prediction but if you want more prediction about bitcoin this section is not the right section.
You can check more prediction from here https://bitcointalk.org/index.php?board=57.0

rmnbsk

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Hi, I am new to crypto? I was just following the crypto market for last few days. is this a good time to invest in bitcoin? if yes then short term or long term.

Thanks in advance.

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