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Topic: Not a good time to buy, according to this source - page 4. (Read 726 times)

full member
Activity: 266
Merit: 100
People that choosing "a good time to buy" will buy something on the high prices, true story. You don't need to wait the best time to buy. Just buy and let your money work.
hero member
Activity: 672
Merit: 526
We still need some good news so a fresh rise can be continuous. At the moment no one has any idea how much a BTC should be worth. They're all waiting.
Perhaps good news could be that a small, poor country decides to adopt the BTC as a currency to hold their reserves in an experiment. With something like this, the value would explode and if successful it would be unimaginable how much each BTC could be worth.
hero member
Activity: 896
Merit: 520
IMO, engagement or adaptation is one thing that we should be having right now to get the price pumping again but as he said in his article that  they saw a 2.2% on new users creating a bitcoin wallet to purchase last month, it may be one of the reasons why the price of bitcoin is struggling to get out of $10,000 mark. But if we could make the price grow on our own resulting into good news being spread all around the media, it would entice new users again to the crypto world.


Still shit whales giving troubles to bitcoin and other cryptos in the market. Whenver I think to invest my fiat cash on crypto currencies. I just wait for little dump and then invest on it. I have thought like bitcoin will rule the world and then we can find the one BTC rate as 100k in 10 years.
To see it as long time investment, BTC is really worth option to invest our money.
If we worry and panic investors, we will loose the profit for sure. Don't give damn to news or article being published on online.
legendary
Activity: 2674
Merit: 1048
Do you guys agree that now is not a good time to buy ?

https://cointelegraph.com/news/pro-btc-wall-st-analyst-urges-not-to-buy-crypto-now-despite-recent-rally

I think his argument regarding engagements is not a good reason, because if we have high engagement , then the prices will be higher. So the best time to buy is when we have good signals, and I think we have such indicatives now.

 So, what do you guys think? Is really not a good to buy?
If the author and the one who argues against the article is a human, not an angel you are obliged not to believe. They are just like us and you, you and us can give speculation and prediction to someone else and no one is to blame because the content of our argument depends on the person who reads. There will always be people who say 'no one can accurately predict the price of bitcoin or altcoin', You ever heard that word?

So for you, I will not insist on not give credence to other people's talk. But you need to learn from history, bitcoin and altcoin price history are very dear for you to leave and just watch it. Read and learn more pertaining to history and decide what will you choose, do not take too long time to thinking about matter that have not happened yet.

full member
Activity: 350
Merit: 110
IMO, engagement or adaptation is one thing that we should be having right now to get the price pumping again but as he said in his article that  they saw a 2.2% on new users creating a bitcoin wallet to purchase last month, it may be one of the reasons why the price of bitcoin is struggling to get out of $10,000 mark. But if we could make the price grow on our own resulting into good news being spread all around the media, it would entice new users again to the crypto world.
hero member
Activity: 2240
Merit: 848
Do you guys agree that now is not a good time to buy ?

https://cointelegraph.com/news/pro-btc-wall-st-analyst-urges-not-to-buy-crypto-now-despite-recent-rally

I think his argument regarding engagements is not a good reason, because if we have high engagement , then the prices will be higher. So the best time to buy is when we have good signals, and I think we have such indicatives now.

 So, what do you guys think? Is really not a good to buy?

Prices are low but I don't think that right now is the lowest that we're going to see. We saw that BTC went down to $6k or so, and even though the support is quite strong there, there is every possibility that that support can be broken if there were further adjustments downwards in price.

And especially when bitcoin is currently in a pretty bullish state with a lot of people buying up during the rally due to fear of missing out, I would probably cut my buys for now and wait for the correction to happen.

Looking at the long term, bitcoin is still in its early stages, and I think that this price is still going to be favorable in the long run. So by all means, if you have the money to invest, do invest or buy into bitcoin now. However, I'm just saying that with $10k being a psychological barrier, I'm not sure if $9k+ is the best opportunity to buy when we're probably on the brink of a correction which will present many buying opportunities.


I would say this is very unlikely. We've already had two corrections back to around 9000 after getting close to $10k. Both times the price has held strong, first at 8800 and the past few days at 9000. The only thing I see breaking that support downwards is if Mt.Gox goes and drops a few hundred million dollars worth of Bitcoin on the market at once again, which will happen at some point I'm sure but it'll probably not happen in the very near term as Bitcoin should move past $10k very soon since the market knows it isn't moving below 9000 now with support being too strong. Right now low 9000s looks like it could very well be the lowest buy-in price we'll ever get from here on out.
hero member
Activity: 672
Merit: 500
Do you guys agree that now is not a good time to buy ?

https://cointelegraph.com/news/pro-btc-wall-st-analyst-urges-not-to-buy-crypto-now-despite-recent-rally

I think his argument regarding engagements is not a good reason, because if we have high engagement , then the prices will be higher. So the best time to buy is when we have good signals, and I think we have such indicatives now.

 So, what do you guys think? Is really not a good to buy?
But those who bought at that time are lucky because actually it is the good time to buy now. That person who gave the statement only fears that again someone will dump the price and he stopped the raising rally of bitcoin but after that day the price started again to rise. It means that this rise in the price is the actual rise in the price and that rise in bitcoin price is because of the increasing demand of bitcoin.
hero member
Activity: 1666
Merit: 753
Do you guys agree that now is not a good time to buy ?

https://cointelegraph.com/news/pro-btc-wall-st-analyst-urges-not-to-buy-crypto-now-despite-recent-rally

I think his argument regarding engagements is not a good reason, because if we have high engagement , then the prices will be higher. So the best time to buy is when we have good signals, and I think we have such indicatives now.

 So, what do you guys think? Is really not a good to buy?

Prices are low but I don't think that right now is the lowest that we're going to see. We saw that BTC went down to $6k or so, and even though the support is quite strong there, there is every possibility that that support can be broken if there were further adjustments downwards in price.

And especially when bitcoin is currently in a pretty bullish state with a lot of people buying up during the rally due to fear of missing out, I would probably cut my buys for now and wait for the correction to happen.

Looking at the long term, bitcoin is still in its early stages, and I think that this price is still going to be favorable in the long run. So by all means, if you have the money to invest, do invest or buy into bitcoin now. However, I'm just saying that with $10k being a psychological barrier, I'm not sure if $9k+ is the best opportunity to buy when we're probably on the brink of a correction which will present many buying opportunities.
legendary
Activity: 1526
Merit: 1179
I remember just before the housing crisis of 2008 there were many experts saying there was nothing to worry about and they were wrong.
I am also still waiting for the collapse of the US Dollar that was due years ago already if we had to believe so called experts. In the same fashion there are many other events they failed to predict correctly.

If these experts don't even know how to predict their own market, how on earth do they think to know something about crypto? They are just trying to gain popularity by surfing the crypto waves, and they suck at it.

Bitcoin wasn't a good buy at $100, wasn't a good buy at $500, etc. People kept ignoring Bitcoin for quite a long time because of that, and they last year realized how much they missed out on, and it won't happen again.
hero member
Activity: 2002
Merit: 535
I think his argument regarding engagements is not a good reason, because if we have high engagement , then the prices will be higher. So the best time to buy is when we have good signals, and I think we have such indicatives now.
So, what do you guys think? Is really not a good to buy?
Everyone can have their opinion when it comes to a new market and you have to decide whether to listen to other people or to have your own opinion and for that you need to learn about the entire market and the technical things to figure out the long term possibility and then you wont have confusion whether to invest or not, entry in the market must be careful and make sure you enter at the bottom rather than investing when the price is at an all time high.
newbie
Activity: 28
Merit: 0
well , I'll be going with my opinion. buy the coin when its value is low and invest .
sell when the value goes high .
but I'm going to HODL few even if the value is pretty high .
sr. member
Activity: 994
Merit: 257
So, what do you guys think? Is really not a good to buy?

well i am not a future teller but i know a lot about the past!
for example last year when price was $800-$900 and struggling to break the $1k resistance people were saying it is not a good time to buy and they were calling bitcoin a "bubble". then when price went to $1200 the "bubble talk" became even bigger and everyone was encouraging others not to buy. then price started shooting up to $2k and above...

not saying the same is going to happen here but remember that listening to others has never been fruitful when it comes to bitcoin.
This is absolutely correct, people need to learn to form their own opinions, that is hard and it is way easier to try to listen to experts and what they have to say but we must remember that the so called experts get many of their predictions wrong as well, I remember just before the housing crisis of 2008 there were many experts saying there was nothing to worry about and they were wrong.
hero member
Activity: 644
Merit: 500
Do you guys agree that now is not a good time to buy ?

https://cointelegraph.com/news/pro-btc-wall-st-analyst-urges-not-to-buy-crypto-now-despite-recent-rally

I think his argument regarding engagements is not a good reason, because if we have high engagement , then the prices will be higher. So the best time to buy is when we have good signals, and I think we have such indicatives now.

 So, what do you guys think? Is really not a good to buy?
The price of bitcoin already started to increase and these news often come from those people who have a high amount of money for to invest and they still are waiting for low to invest so they do not want people to hold and they want people to sell so that they can buy at lower price. If you will rely on these news then you will lose the good time to buy. Now the price will increase. Buy as much as you can.
legendary
Activity: 1232
Merit: 1091
I was always told to buy when the general public tells you not to, and to sell when the general public tells you to buy. In the same way it goes up for all the market gurus and experts telling you what to do and what not to do. It makes sense, but the most important factor is your own investment plan or strategy. Most regulars prefer to apply the dollar-cost-averaging strategy since that is the easiest option with how you can just keep buying without doing any actual research, which they are too lazy for anyway. As long as they believe the long term price will make up for it, and Bitcoin thus far has always delivered that much wanted long term growth, they'll keep buying even at peak levels....
newbie
Activity: 71
Merit: 0
Its the best time to buy BTC. Because BTC is at a very low level still and in a uptrend curve. It will rise up very soon. So better to buy BTC as much as possible and to full your bags..
hero member
Activity: 2240
Merit: 848
Right now is the best time to buy, we've found strong support around $9000 twice now. Means Bitcoin will likely break through $10k resistance soon and by a couple weeks from now it is very possible the price will never be this low again.
full member
Activity: 378
Merit: 101
They even said that it will drop below 4k last month and it is not the right time to buy before that major drop but what happens? if the person knows that it is the right time to buy then do it if you have some authentic resources that it is the right timing then buy some bitcoins to store, tons of people hesitated because of this predictions yet the timing is right it so happens that the market is unpredictable at some point that why we should not dig into it.
hero member
Activity: 2086
Merit: 994
Cats on Mars
Uh yeah I read that article it was awful! A supposed Wall St analyst is advising not to buy an asset when it is at its low, but instead saying you should wait to buy an asset when it starts getting high and is pumping. I mean yeah if you are just looking to make a bunch of money in the very short term then waiting until a bull run starts so you can make a profit in a couple weeks is good, but otherwise that is the worst advice ever. How did this guy become an analyst?!?! He's literally advising people to NOT buy low and sell high.

Always understand that the big investors in real market always buy when the price is fallen or already falling as the rise is always higher compared to low point rather than to start buying when btc is pumping. This is the mistake which many new people or even experience do it and then when it falls they keep cursing the btc or market.


Exactly. And this Wall St analyst is giving the exact opposite advice.

As far as I know these analysts work for the big guys in the industry, they try to setup people to follow the herd which then ends up being eaten by whales.
The Wall Street analysts need to keep their clients happy. One week they release extremely bullish statements just so that the average joe/cryptocurrency newcomer enters FOMO mode, the next week they say that it isn't a good time to invest in Bitcoin (this might be true but only if you care about the short-term), and I'm pretty sure they say these kind of things just to give the appearance that they are knowledgeable people who know and/or can predict what's gonna happen in the cryptocurrency market. It's all a game for the big players and some people are part of it just by following whatever the analysts say.
sr. member
Activity: 602
Merit: 255
Actually the price of bitcoin is start to raise again,So just your bitcoin.When the price of bitcoin reaches 10,000$,you can get some dollars for the same holding bitcoin.And this is the spectacular beauty of bitcoin.Attracting by this point many new people start to inverse in bitcoin.
legendary
Activity: 1848
Merit: 1009
Next-Gen Trade Racing Metaverse
Uh yeah I read that article it was awful! A supposed Wall St analyst is advising not to buy an asset when it is at its low, but instead saying you should wait to buy an asset when it starts getting high and is pumping. I mean yeah if you are just looking to make a bunch of money in the very short term then waiting until a bull run starts so you can make a profit in a couple weeks is good, but otherwise that is the worst advice ever. How did this guy become an analyst?!?! He's literally advising people to NOT buy low and sell high.

Always understand that the big investors in real market always buy when the price is fallen or already falling as the rise is always higher compared to low point rather than to start buying when btc is pumping. This is the mistake which many new people or even experience do it and then when it falls they keep cursing the btc or market.


Exactly. And this Wall St analyst is giving the exact opposite advice.

As far as I know these analysts work for the big guys in the industry, they try to setup people to follow the herd which then ends up being eaten by whales.
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