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Topic: Is this the right time to buy now? Or wait for a bit to go even lower? (Read 742 times)

sr. member
Activity: 2604
Merit: 338
Vave.com - Crypto Casino
bitcoin prices continue to fall at this time, honestly I'm also still waiting to buy, is this the right time or have to wait again because I'm also worried bitcoin prices will fall further
Just look at the chart and follow the market movement, by doing this you can make your own analysis and start your trading strategy. The market seems a bit stable compared to the other week when the market is a little bit unstable that even trading bit by bit will still lead to losses.
full member
Activity: 602
Merit: 101
bitcoin prices continue to fall at this time, honestly I'm also still waiting to buy, is this the right time or have to wait again because I'm also worried bitcoin prices will fall further
legendary
Activity: 3164
Merit: 1127
Leading Crypto Sports Betting & Casino Platform
Halving won’t even guarantee us that Bitcoin would pump.

If we look in past, we can see that the price is more likely to increase a lot.. but only many months after halving

Honestly, I would like to wait a bit before it goes down even further to fill my buy order.

The problem is that if the opposite happens, it seems to me that whenever the price drops to $ 6500 days later the price increases back to $7200. It looks like someone sells large amounts of bitcoin just to see the price drop a lot. of course this is my assumption and I have no proof
sr. member
Activity: 1092
Merit: 256
Leading Crypto Sports Betting & Casino Platform
It's very difficult to predict the short term. But the long term, as in months and years out, is quite simple. The longer the term, up to a certain extent, the simpler it is to think about it. Buy now. Sell after several years. Usually that means profits or gains.

But to buy now only to to sell tomorrow is usually not a smart move.
As said immediate profiting is not gonna happen now. Now it is a must to have patience once buying, because there isn't perfect time period for growth. There is fluctuation in the market price, and no steady growth. If short term profiting is the plan, then buying in large numbers and gaining out of the small difference between the buying and selling seems to be the only choice.
full member
Activity: 1204
Merit: 104
Its possible BTC is breaking out of negative trends in place since July, so the answer might finally be yes.   If you ask me right this second then I'm looking at some profit taking occuring.   Price did not manage to cross 50 day average and is below 50 week average, if it crosses both those then its more bullish.     Indicating it might leave the negative trend and actually doing so with proper confirmation is another matter, it can take day weeks even months to finally prove its metal and we cannot be sure but I at least try to be aware of possible moves.
Thats 1st a brief snap, positive look.   Not that long after I look and see its hit its head on a low mine shaft Tongue   seems we dip below 7450 the horizontal line there, thats more bearish looking.   Might be a longer wait for the larger move, today people sell some for profits feels like to me.
  We waver on still.
Your words are really in my opinion very correct.  Of course, Bitcoin has been showing a downward trend for quite a long time, as many experts have talked about and predicted.  Some cryptocurrency users are comparing the current state of affairs in the cryptocurrency market with the end of 2018, and if we continue the analogy, then the next 2020 should be similar to the beginning of 2019.  Perhaps today is really a very good opportunity for those who decide to make investments at current prices.
STT
legendary
Activity: 4088
Merit: 1452
Its possible BTC is breaking out of negative trends in place since July, so the answer might finally be yes.   If you ask me right this second then I'm looking at some profit taking occuring.   Price did not manage to cross 50 day average and is below 50 week average, if it crosses both those then its more bullish.     Indicating it might leave the negative trend and actually doing so with proper confirmation is another matter, it can take day weeks even months to finally prove its metal and we cannot be sure but I at least try to be aware of possible moves.

https://i.imgur.com/zT2HInY.png 

Thats 1st a brief snap, positive look.   Not that long after I look and see its hit its head on a low mine shaft Tongue   seems we dip below 7450 the horizontal line there, thats more bearish looking.   Might be a longer wait for the larger move, today people sell some for profits feels like to me.
  We waver on still.
legendary
Activity: 3416
Merit: 1912
The Concierge of Crypto
It's very difficult to predict the short term. But the long term, as in months and years out, is quite simple. The longer the term, up to a certain extent, the simpler it is to think about it. Buy now. Sell after several years. Usually that means profits or gains.

But to buy now only to to sell tomorrow is usually not a smart move.
full member
Activity: 1316
Merit: 126
This is not wise to follow any financial advice like investing into any project, time to buy/sale from random people. No one knows nothing. Who knows when btc or any crypto's market will grow? And if anyone knows about anything, he/she will never share with you. Just do your own research and do whatever your mind says to you.

That’s very true, anyone can say whatever they want about the price and where it is going but no one really can claim it is 100% accurate because no one knows what will be the price in the next days or months. I would suggest you do what you think is best based on what you’ve studied and understood with the markets movement rather than base it on someone else’s and then end up being disappointed. For me, whenever there’s a low price, it is an opportunity for us to invest in because we don’t know maybe tomorrow it will grow.
sr. member
Activity: 756
Merit: 250
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I think everyone has different decisions and speculations regarding the price of bitcoin. usually I will buy bitcoin after I see the value of bicoin has decreased several times. like yesterday when the value of bitcoin fell from $ 8000 to $ 7000 I would stay calm and wait again. then if bitcoin falls again to $ 6500 I just buy bitcoin. so my principle is always to wait a few days after the decline. and I think right now is the right time to buy before the price of bitcoin rises again to $ 9,000. but this is only speculation that can be right or wrong.
legendary
Activity: 2464
Merit: 1039
Bitcoin Trader
the end of the year is a time when all traders should relax and enjoy a vacation with family, I wonder why many people complain about the price of bitcoin falling and what people say Tone Vays about predictions, if you look at the market today you will feel aware that you are being played with , prices will continue to stabilize once in a while they play under $ 7000 and once in a while they play above $ 7000, prices will continue to be like this repeatedly and for those of you who feel panicked it will feel like being played with at current prices. so relax for a moment, for those of you who buy under $ 7,000 is appropriate  Wink
sr. member
Activity: 1246
Merit: 254
Trphy.io
If I have $ 1000 then 50% I will buy Bitcoin at the current price and I will save another 50% for backup if the price drops again. I am optimistic that the current price is the right time to buy Bitcoin, I have confidence that the price of Bitcoin will reach 10k in 2020.
hero member
Activity: 1246
Merit: 529
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Well, you just got your lower price, and it didn't last long at all, did it? And let's say you did get in at 6500, did you really spend 6500? To get a big gain of 600 now?

Probably not worth the anguish of waiting and wondering, right?

Dollar cost average yourself and save time and headache.

They're probably not even buying bitcoin at any point lol. Just having fun speculating and letting people know about their thoughts. A trader knows how to average the money they spend. You're right. I doubt many of us here arr buying full btcs. We just buy what our funds can afford. So buy in spurts. You can't tell whether the value will drop some more so do it little by little. As you've said learn how to average your crypto expenses.
legendary
Activity: 2968
Merit: 3684
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Well, you just got your lower price, and it didn't last long at all, did it? And let's say you did get in at 6500, did you really spend 6500? To get a big gain of 600 now?

Probably not worth the anguish of waiting and wondering, right?

Dollar cost average yourself and save time and headache.
legendary
Activity: 2058
Merit: 1015
You can do both. Split your money into two. Used the half to buy and wait for price increase. The another half will be use just in case the price will drop even lower. By that, you didn't miss a chance whatever happened, rise or fall. Or use it all and buy for once. Remember you cannot avoid losses and mistake especially in trading, no one can predict exactly. As long as it is minimal, you're still good. Also, the price is considerably cheap if you will think about the speculation on having a new ATH sooner.
hero member
Activity: 2912
Merit: 556
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I prefer to wait for a while to buy bitcoin because we see that the bitcoin price gets a pump, so if you buy right now, you will get in a trap at the high price if the price suddenly down to the low price. By waiting for a while on where bitcoin price will move, you can still analyze the chart, and if somehow you are sure that the price will be increased in the next hours, then you can buy bitcoin right now without waiting for more. Perhaps, you can buy bitcoin for a small amount first to check if the price can increase higher or not. And if the price is down, you can place an order buy at a lower price than the current price so you will have a chance to get bitcoin at a lower price.
hero member
Activity: 1106
Merit: 502
that might happen, and it seems that this is what makes bitcoin prices fall Chainalysis Report on PlusToken ‘Scammers’ Blamed for Monday’s Crypto Selloff That's a very large amount that could make bitcoin fall lower, but of course there will be lots of whales catch at a lower price for hype events next year.
We don't have any strong fuds that can cause this fud and provably this is the reason on why we experience the sudden dump since in past year the ICO's has been hunted by many scammers and maybe they execute there sales this days that's why it affect the market to go crash but as you said for sure there will be a good thing happen since. We should remember that there is halving which could bring the glory days back and for sure whales will catch those cheap BTC for now to prepare on halving day.
I have read from a local media that in 2018-2019 there were so many hacking on crypto exchange, and in 2018 it was the highest record, so it is no wonder why after it reached ATH a large dump happened, even in 2019 it was still difficult to recover. other than that maybe the price of bitcoin will not be pumped on a large scale before halving occurs and so far they are racing to get a low price.
sr. member
Activity: 812
Merit: 250
Sad to say that bitcoin's price is really down today that it's price has reach to 6,776 USD, so i think while the price of bitcoin is now more cheaper it will be the best time to buy it because a lot of people still believes that it will increased it's price in the year of 2020, so if it increases there are chances that you could double or triple your money.
Indeed, I am very sad now, because bitcoin is down now, but if I have an enough money Id rather buy more and more bitcoins because I believe that it could pump again few more days now. It is the best time to buy bitcoin, seriously, it is the right time. Buy now, before it pumps, i thought last time when it hit $7300 is the best time , but I think today is the best.
bitcoin price is better today but not late to you buy bitcoin before bitcoin increase high price the next maybe early year 2020. so good to  buy now for take profit in short term but when you for long term you can buy bitcoin after Christmas or new year coming because in my opinion bitcoin will not stable during Big Day Christmas
legendary
Activity: 2758
Merit: 1228
No doubt about the price as of today is lower because of the holiday season. however, if you plan to buy it just to sell it sooner, this is not a good time to buy. the price might get even lower than this as we closing to the end of the month. Anyway, If you plan to buy and will sell it after the Bitcoin halving, it's not a bad idea if you want to buy today cause you might not see as low as this price again.

buy every dip might be good enough because we can't determine what price will move lower. even when it reaches 6000 it's still good to buy, right? but honestly, I expect to fall below 5000 if I want to buy in large quantities
Bitcoin will drop slowly in end of the year, so it will raise next year and all are buying this dump. Nowadays everyone know the future hype so all are concentrate the Bitcoin, But many huge volume investors are move to stable coins so it is reflect the current market. I never think it will reach 5k USD on further days.
that might happen, and it seems that this is what makes bitcoin prices fall Chainalysis Report on PlusToken ‘Scammers’ Blamed for Monday’s Crypto Selloff That's a very large amount that could make bitcoin fall lower, but of course there will be lots of whales catch at a lower price for hype events next year.

We don't have any strong fuds that can cause this fud and provably this is the reason on why we experience the sudden dump since in past year the ICO's has been hunted by many scammers and maybe they execute there sales this days that's why it affect the market to go crash but as you said for sure there will be a good thing happen since. We should remember that there is halving which could bring the glory days back and for sure whales will catch those cheap BTC for now to prepare on halving day.
hero member
Activity: 1106
Merit: 502
No doubt about the price as of today is lower because of the holiday season. however, if you plan to buy it just to sell it sooner, this is not a good time to buy. the price might get even lower than this as we closing to the end of the month. Anyway, If you plan to buy and will sell it after the Bitcoin halving, it's not a bad idea if you want to buy today cause you might not see as low as this price again.

buy every dip might be good enough because we can't determine what price will move lower. even when it reaches 6000 it's still good to buy, right? but honestly, I expect to fall below 5000 if I want to buy in large quantities
Bitcoin will drop slowly in end of the year, so it will raise next year and all are buying this dump. Nowadays everyone know the future hype so all are concentrate the Bitcoin, But many huge volume investors are move to stable coins so it is reflect the current market. I never think it will reach 5k USD on further days.
that might happen, and it seems that this is what makes bitcoin prices fall Chainalysis Report on PlusToken ‘Scammers’ Blamed for Monday’s Crypto Selloff That's a very large amount that could make bitcoin fall lower, but of course there will be lots of whales catch at a lower price for hype events next year.
full member
Activity: 980
Merit: 114
Price of  bitcoin now are in $ 6,800 and significantly recovering maybe this is the good time to buy now to earn profit and also to recover our loses. Because maybe tomorrow Price of bitcoin will return to 7,000$ to 7,500,
I pray your speculation came to pass. I also believe that bitcoin has hit the bottom again and since this has happened several time I believe that now should be the right time to buy. However, we should not expect significant move this year again because everybody will be selling now for the holidays.
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