Topic: IS IT TIME TO BUY MORE BITCOIN? - page 8. (Read 1345 times)

I always say this and my friend said this:

" - Who guarantees that in the next years bitcoin will not fall below  $1000 and stay at that price for years?

Even if bitcon is finite, if no haveuii demand the price can drop below $1000 and stay at that $1000 for year "

This is a point that we have to worry about.

I mean it is a great advice on any investment at all, hell even purchases. If you are buying bread to feed yourself than go for it but if you are making excessive expenses that you can't afford than don't do it.

For example, I used the same iphone 4 for years and my wife had the same iphone 5 for just couple years (2 I think) and when my iphone 4 broke, instead of spending money to fix it (which would be as much as iphone 4 itself) we decided to get a new iphone 6 and now I am using my wifes same iphone 5 and she is using the same iphone 6 for the past 3 years. There are people out there who get iphone 8 and than iphone x and than iphone xs and whatever is the newest always go for it.

Don't do that if you have to pay them in installments, do it only if you are rich enough to do it. Basically always try to invest/purchase according to your situation and never go over board with it.

This is solid advice. Never invest money in crypto that you can’t afford to lose. Other than that is a good time to invest if your plan is to hold for long term (2-3 years). You will see great returns and if you are a little afraid to commit large sums just invest $10 each day and in around a year you will have a complete Bitcoin.

It is a lot of better to say: It is one of these best times to accumulate more Bitcoin 
But like always every investor has to decide by its own to make the best decision from ROI perspective!

If you have idle funds, buy more if you can, as long as you don't touch the funds that your family needs in case of emergency. Only use money that you can afford to loose. It's still risky as the price of Bitcoin is unpredictable but if you get used to it and learned to trade short term, you will a lot of money with patience in buying and selling at the right time.

If you have what it is necessary to hold your coins for the long term then the answer is yes, just a warning many think they have what it is necessary but they are mistaken and they find out at the worst possible time, when the price of bitcoin is crashing, so try to be honest with yourself and ask yourself if you can really keep holding your coins if you lost 70% of your investment in a year, if you cannot then wait until the market begins to go up.

You can speculate buying in this drop and fill your bag with bitcoin, and after that and just need to sit down to wait for the market to recover, it will be very profitable for you.

Let's look at btcusd market using amazing Ichimoku indicator. https://www.tradingview.com/i/C6M9nX1a/

After the bouncing from 3200.00 support and further upward movement, the price could not pass through the cloud and start a new uptrend. Senkou A line could stop the market and we got a price reversal with a falling to 3500.00 support. Now we have 2 zones at 4100.00 and 3500.00 which act as borders of a possible price channel .

DMI indicator shows range market conditions where ADX line is below 20 and moves sideway. It looks like the market is going to continue the sideway movement and repeat the same setup which we already could see in September-November.

In that period we also had a failed attempt to move above the cloud, the falling to a strong support at 6000.00 and the sideway movement for about 2 months. After that, the price broke the support and we could see a strong falling to 3000.00 support zone .

We have to remember that all sideway movements are finished by a breakout out of a range.

The same goes about the range which we can get these weeks. Just the most important question will be - in which direction the price will break the range?

For confirmation the further upward movement, the market will have to move above the cloud. It will confirm the strength of bulls. If DMI supports the breakout by ADX moving above 20 level and higher, we will be able to expect reaching 5000.00 and 6000.00 resistance levels very quickly. This variant looks more realistic as the market is at the possible bottom and only fundamental news playing again the crypto will be able to push the market downward. For confirmation further falling the price will have to break 3000.00 support. If so, 2000.00-1800.00 support zone , 1000.00 support level will be the targets for a bearish market.

Yes it is a great time to buy bitcoin. I've been buying regularly since it went under $4k two months ago, and will continue buying regularly for as long as the market continues to skate along the bottom. We are in the accumulation phase in which smart money is accumulating Bitcoin right now to make massive profits over the next few years during the next bitcoin boom. If you look back and wish you were buying in 2015 when the price was $200-$300 then you should be buying now cuz we are at that point in the market cycle again.

Any trader will disagree with that statement and anyone that takes the time to look at a few charts will do so as well, if you look at the charts you can easily see that if you bought bitcoin at a particular point in time and then you sold it then you could have gotten huge profits, this means there is in fact a best moment to buy a particular cryptocurrency the issue is to know when that time has come and that is not easy, but right now is a good moment to buy bitcoin if you have the will to hold your coins.

There is no best time to buy, but when prices fall is an opportunity to buy, the market is still bad and it is uncertain that bitcoin will surge in the near term, and for that profit depends on how you can wait for recovery.

At this current price of bitcoin it might be the right time to buy but some people still not prefer to buy in this current situation of market because they afraid that the price of bitcoin will fall down. But as of now I also keep on buying bitcoin and then I will hold it.

present market condition is the right time to buy the BTC why because the market is in a bear market and a lot of positive news coming in the market  we can expect market to pump two to three times from current market condition

It could be a trap by some whales to pull down the price further.  I have the feeling that if one buy bitcoin now and you are to trade it for short term you are going to lose.  If you want to invest in think you should have long term in mind.

Just wait till the price goes $3K or lower, before you can you and buy a lot of bitcoins. But the problem is that no one really know when the price is going to bottom, so you have to go back as what you really wanted to do, are you going long, which for me is the best strategy, or just short it and take profits like every other day.

I think clearest choice would be yes considering bitcoin is as low as it has ever been (or close to it) right now bitcoin is closer to 18 month low than high, I know 20 thousand dollars looks very far away but even if the price goes to 5-6 thousand dollars that is more than 50% increase in price and that is still quite an achievement for any investment ever.

What other investments could give you a 50% profit in lets say 6 months time ? There is nothing like that in the world right now that could give you that much ROI for your investment. However bitcoin reaching to 5-6 thousand dollars this summer is still a quite achievable goal and that is why buying bitcoin right now looks like a great deal. Will it be those levels by this summer ? We don't know, is it possible ? Very.

prices are still spinning at prices of $3k - $4k. there haven't been many changes that have occurred. but some time ago prices had risen to $4k and then fell again, and now prices are far below, Yeah I think now is the right time to buy? we need good news to make demand rise

Though it's hard but we have to try and risk if we can afford too. Every seconds count and considering the price today,  it is good to start with. 

We don't need to wait for another drop cause everyone said it is unpredictable and does the current price today seemingly good to have profit when pumps occurs. We better strike it now.

It's very hard to say which one is the best time because the market is unpredictable, if you are a newbie or the  person with less time to pay attention to the chart then don't buy, but if you are a good traders then it's a right time, because there are going to be many sideways happening

There is no best time to buy because we do not know when bitcoin increases, at fluctuating prices we can only speculate to get good results, but that all must be supported by our confidence in bitcoin, it will make us calm in facing market conditions unstable.