Topic: Is this the best time to buy Bitcoin or not? (Read 225 times)

Thank you for these informations pawanjain. I hope the indian parliament will not approve this law and validate the prohibition of Bitcoin and the other cryptocurrencies in India. But in my opinion, the markets are worried about that and this eventuality weighs on the price, unfortunately 

Firstly, I would like to say that India has not banned bitcoin or any other cryptocurrencies. Whatever you have heard is not the official announcement made form the government.
Because there is no official announcement made from the government of India. I know that the committee has drafted a bill stating to ban cryptocurrencies and prohibit it's use.
Since the bill is not approved and will probably not be, it's not a thing to worry about. Even if India bans the use of cryptos, there are other ways people could still use it.
Besides that, there are way more reasons for bitcoin to grow in price in the upcoming months than to worry about decrease in it's price due to India banning it.

Guess what, I am an Indian and I am not at all worried about bitcoin being banned here and I would still be using it.

What do you mean by "the best time to buy Bitcoin"? I do not know, but it can be said that any excellent time to make money, when to sell and when to buy is what determines your profit from your loss.
If you bought two days ago the price was at $ 9600 and now the price is at $ 10,800. You make profits.
Should my inventor invest $ 10,000 against one BTC? No, the most important rule in investing is to know what to invest.

This was because many analysts who always made very optimistic and exaggerated forecasts began to say that the price would fall to $ 1000, because it was the bottom. I myself thought the price would fall to $ 1000 and I had already lost hope that I would see the price of $ 10,000 in this year. This is a dangerous market and after falling from $ 20,000 to $ 3300, anyone gets traumatized and will be scared to hear that the price will fall


And how will people know that Low is Low? the price can fall to $3000 for example and people say " it's too low" and the next day the price drops to $1000

Just like I have always maintained every time is the best time to buy bitcoin so far you can afford it and be ready to face whatever happens next. A lot of people would chose to stay away when the price was hassling around $5k but now that is $10k range, there are still skepticism about whether to buy or not? Either way, the market is always open for anyone to come so also are you not held back from exiting the market. However, before making the decision on whether to go all in or not, proper analysis and conclusions needs to be made.

some of the things you are listing here such as Libra, crowdfunding and that telegram thing have nothing to do with bitcoin. they are all about people who saw the hype and wanted in on the money they could potentialy earn from just using some buzzwords such as blockchain and cryptocurrency. and i don't think what they do has any significant effects on "bitcoin".

The simple answer for the title will be when the bitcoin price is down deeper than the last price will be the best time to buy bitcoin

But we have a different answer to your question, and I think we are all right because we decide to buy bitcoin if the price is down and we don't buy if the price starts to increase. But some people are buying bitcoin even if the price increases because they think that they don't want to be late to make a profit in the next rally which is not always happening.

If you're playing for the long term anytime is a decent time to buy Bitcoin, you could try DCAing as well so that you don't buy in at one time but rather average out the price of your buys. I've been pretty bullish long-term as well, and I've been DCAing ever since a couple months ago and it's been working out quite well.

It really goes to your belief when you finally realize it's potential and of course, you need to have the means to buy Bitcoin, you can buy at any time from now, it's always recommended to buy on its floor, but it's always the right time to buy at your convenience, when you have the funds and right now, right now is the best time to buy.

If someone for example believes that the price will increase a lot in the future, let's say that person believes that the price can reach $ 50,000 in 5 years, so that person will have no problem buying even if the price was $ 20,000 . look at this guy: Dan Morehead ( Pantera Capital founder ) he believes bitcoin can reach $ 42000 in 5 months " Pantera Capital CEO Believes Bitcoin Could Reach $356,000 in a Couple Years "he could be wrong (i don't believe him, and i don't believe in these analysts). But the point is that if he believes in his prediction, then he won't mind buying even if the price was $ 10,000 or $ 20,000.

Well I think it's more a topic for Economics > Speculations
https://bitcointalk.org/index.php?board=57.0

But you don't say anything about the ban of India. 
It's a major concern yet

The recent rally has affected many market participants; at such moments, many people are influenced by the FOMO (Fear Of Missing Out) effect. But an understanding crypto investor, clearly aware that it's just only beginning.
Let's take a look at the main points that have influenced such a rapid growth of Bitcoin lately:
- Libra launch by Facebook. Growing interest in cryptocurrencies by professional players.;
- Klyaton crowdfunding announcement by Korean messenger Kakao Talk;
- TON from Telegram and launching Gram Coin futures from Liquid;
- China and US trade war, as well as the additional emission of Tether;
Many people are hoping for the Hearings in the USA Congress, which may affect the launch of Libra from Facebook. It's no matter anymore because now everywhere people are talking about cryptocurrencies and it is not possible to get away from this problem.
Appreciation of the Bitcoin Value
Despite the active opposition and rejection of Bitcoin by several states, some states recognize it as a "safe asset." More enterprising billionaires from the Forbes list are already investing in cryptocurrency funds.

In April 2019 was marked by increasing the volume of bitcoins in the management of Grayscale. 70% of the company's customers are institutional investors, and the minimum investment amount starts at 50,000 USD.
As you can see, while some people were