Should I Buy Bitcoin Now? | Bitcointalksearch.org

Dr.Osh

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Quote from: lienfaye on January 21, 2020, 06:18:32 AM

After new year the price of bitcoin turns better so if you already buy before that happened you probably earn a bit this time.

Now the current price is stable at $8600+ we cant tell the next movement of the price but I think if the price decline it wont last long and will recover back due to investors accumulating because of the coming halving.

Thus if you can afford the price you can buy now and wait for the price increase.

It seems that at this time the stability is not stable, and is decreasing. if you feel that the price of bitcoin can go up again, this can be an opportunity. after a few days of the steady price of $ 8,600, the price of bitcoin has now dropped to as low as $ 8,300 and is likely to drop again. when the price of bitcoin falls below the level of $ 8000, it becomes a very good opportunity to buy bitcoin at a cheap price.

andycarrol

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Quote from: drachman on January 22, 2020, 07:49:58 PM

Quote from: andycarrol on January 18, 2020, 12:46:47 AM

Quote from: drachman on January 17, 2020, 09:20:17 PM

Quote from: KnightElite on January 17, 2020, 07:03:09 PM

If you will ask many people if you should now buy bitcoin, most of their answers will be yes. It really depends on tge situation, if the market is still in bearish, I do not prefer to buy bitcoin but the current situation of the bitcoin is now in the market reversal where we are now seeing highers highs and lower high which is a good sign that we are now in an uptrend. The best time to buy bitcoin is in the beginning of the bullish trend.

I know that during the last days we have seen an important recovery in the price of bitcoin and everyone is happy because of it but I am seeing a lot of indications that the price may go down during the next days and the price may experiment a correction, I am not saying the price is going to crash or anything like that, I am just saying that it could be a good idea you could wait for that correction to happen and then once the price goes down then you can buy bitcoin for a cheaper price.

why the price will make a correction? I don't think bitcoin price will increase very high right now, is there any hype before halving occurs so its makes bitcoin increase? but I didn't see it from halving before. usually it increases after halving occurs. but it is very possible that there will be a FUD before halving occurs. we also never know the price that is said to be low, if you look at the future, the current price should be said to be cheap because it is still below 10k.

If you want to know the answer to that then learn a thing or two about trading, just one day after I posted that the price went up and then there was a very important correction in the price of bitcoin, I am not an expert or anything but it was obvious the price will go down, right now things are not so obvious, the price could go either way so in my opinion the best thing to do is to watch the price attentively and see in which direction we see a breakout.

I know something about correction, usually, before the price will really move in a higher direction correction will occur. You are right maybe before halving there will be a correction, and now showing a decline below 8360, it is very likely that the price will fall below 8000 again for the next few days. but the current correction is too fast, it seems that this is a normal situation after the fast hike at 9000.

drachman

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Quote from: andycarrol on January 18, 2020, 12:46:47 AM

Quote from: drachman on January 17, 2020, 09:20:17 PM

Quote from: KnightElite on January 17, 2020, 07:03:09 PM

If you will ask many people if you should now buy bitcoin, most of their answers will be yes. It really depends on tge situation, if the market is still in bearish, I do not prefer to buy bitcoin but the current situation of the bitcoin is now in the market reversal where we are now seeing highers highs and lower high which is a good sign that we are now in an uptrend. The best time to buy bitcoin is in the beginning of the bullish trend.

I know that during the last days we have seen an important recovery in the price of bitcoin and everyone is happy because of it but I am seeing a lot of indications that the price may go down during the next days and the price may experiment a correction, I am not saying the price is going to crash or anything like that, I am just saying that it could be a good idea you could wait for that correction to happen and then once the price goes down then you can buy bitcoin for a cheaper price.

why the price will make a correction? I don't think bitcoin price will increase very high right now, is there any hype before halving occurs so its makes bitcoin increase? but I didn't see it from halving before. usually it increases after halving occurs. but it is very possible that there will be a FUD before halving occurs. we also never know the price that is said to be low, if you look at the future, the current price should be said to be cheap because it is still below 10k.

If you want to know the answer to that then learn a thing or two about trading, just one day after I posted that the price went up and then there was a very important correction in the price of bitcoin, I am not an expert or anything but it was obvious the price will go down, right now things are not so obvious, the price could go either way so in my opinion the best thing to do is to watch the price attentively and see in which direction we see a breakout.

lienfaye

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After new year the price of bitcoin turns better so if you already buy before that happened you probably earn a bit this time.

Now the current price is stable at $8600+ we cant tell the next movement of the price but I think if the price decline it wont last long and will recover back due to investors accumulating because of the coming halving.

Thus if you can afford the price you can buy now and wait for the price increase.

andycarrol

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Quote from: gabmen on January 20, 2020, 10:03:41 PM

Quote from: Fatunad on January 19, 2020, 07:29:02 AM

Quote from: Botnake on January 19, 2020, 07:11:34 AM

Quote from: Kelvinid on January 19, 2020, 06:37:14 AM

Anyway, this year has to believe that it has a great deal for everyone...

Exactly, everyone is hoping that this another year will be a better year compared to the previous years, particularly in 2018 and 2019.

2020 will have a big chance to be a better run for btc compared from the last few years because we entered the year with a vvery positive run and upward direction of price. Everyone is even expecting a new all time high that will break the december 2017 all time high.

Everyone? I don't think so. I'm not expecting an all time high. And i'm pretty sure neither of the majority holding bitcoin expects that as well. It's foolish to expect that much as you're more likely to succumb to emotional decisions when the opposite of what you're expecting happens. Buy bitcoin but have a realistic reason for it. This year may be good, it can also turn sour. Manage your expectations.

maybe people think it's because halving happened this year, but I also in 2020 did not expect a new ATH, because I see from the history of halving. the increase will occur about 300 more days after halving occurs. that means there will not be an immediate high increase this year. most of those holding certainly expect a high rise and that is realistic in my opinion. because anything can happen in bitcoin.

gabmen

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Quote from: Fatunad on January 19, 2020, 07:29:02 AM

Quote from: Botnake on January 19, 2020, 07:11:34 AM

Quote from: Kelvinid on January 19, 2020, 06:37:14 AM

Anyway, this year has to believe that it has a great deal for everyone...

Exactly, everyone is hoping that this another year will be a better year compared to the previous years, particularly in 2018 and 2019.

2020 will have a big chance to be a better run for btc compared from the last few years because we entered the year with a vvery positive run and upward direction of price. Everyone is even expecting a new all time high that will break the december 2017 all time high.

Everyone? I don't think so. I'm not expecting an all time high. And i'm pretty sure neither of the majority holding bitcoin expects that as well. It's foolish to expect that much as you're more likely to succumb to emotional decisions when the opposite of what you're expecting happens. Buy bitcoin but have a realistic reason for it. This year may be good, it can also turn sour. Manage your expectations.

plvbob0070

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Quote from: rekinthis on January 18, 2020, 06:28:58 PM

We can buy as much as we wanted, but don't wait for quick profit first of all. When buying bitcoin during bearish days, it needs to grow higher than the current value. Don't let your income float for the sake of money security, but I'm going to have to advise many of us here to always invest money for bitcoin the sum you can afford to store longer terms. Frequent trading can not be maintained due to an unexpected market slowdown.

There is no quick profit when it comes in this kind of investment especially if you going to invest in bitcoin. I agree with you that, there is always unexpected situation in the market like it in just a blink of seconds the price will go up or it will really go to the bottom. I can say it is good to invest when we have bearish market and let your investment hold. Aside from that, I guess right now the bearish market is already ended up. I also agree what you have said earlier which, "we can buy as much as we wanted" but always be ready for the outcome because we don't know what will be gonna happen in the future.

STT

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Found a chart from couple years back and with live prices its still relevant. The point in mentioning that now would be that recent price action seems to match long term levels that are relevant, hence that could be quite bullish if it finds those levels to be support. It still must get past the 200 day average but still, theres legs on the ladder.

funbarrel

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Buying now then buy again later if there is another dip as long as you can afford so that once the Bitcoin price recovery will maximise your income. Just note that Bitcoin is good for long-term keeping, but there are occasions since the market is unpredictable that the price that spike in just a short time, so it's best to be ready when that time comes. Sooner or later it will definitely come and we'll all be rich.

angryswamp

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No one knows when the time is right for buying or selling. Personally, I think the $5000-$6000 area would be a better buy because that region has more help according to technical analysis. And it's better to buy cheaper because at the same price you can buy more BTC. But, the question is who knows if that region will ever be reached. The area of $6600 that occurred a couple of weeks ago could be the local edge. And from here it could end up hitting a new ATH. So when are you going to buy it? In the vicinity of $20 K? Once again it could hit $20 K and top out and start dropping. So you should just buy 25 percent here, in my opinion, and wait and buy more if it goes down.

rodskee

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Quote from: Shafkat Fahim on December 01, 2019, 10:26:11 AM

As far as I know right now bitcoin price is little bit low and in near future price will rise again. So I think it is best time to buy Bitcoin.

you are asking but in the end of your post you made also the answer?

yeah Buying Bitcoin now will give you more chance in profiting if you are ready to Keep the risk in Holding for a year or so,but if you want to buy because expecting a profit instantly?then there is a problem with that.

because Bitcoin price may grow today but Fall tomorrow or the other way around ,just ask yourself first before putting money inside,because in the end of the day?we don't care of how much you lose since it is not our money .

Fatunad

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Quote from: Botnake on January 19, 2020, 07:11:34 AM

Quote from: Kelvinid on January 19, 2020, 06:37:14 AM

Anyway, this year has to believe that it has a great deal for everyone...

Exactly, everyone is hoping that this another year will be a better year compared to the previous years, particularly in 2018 and 2019.

2020 will have a big chance to be a better run for btc compared from the last few years because we entered the year with a vvery positive run and upward direction of price. Everyone is even expecting a new all time high that will break the december 2017 all time high.

Botnake

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Quote from: Kelvinid on January 19, 2020, 06:37:14 AM

Anyway, this year has to believe that it has a great deal for everyone...

Exactly, everyone is hoping that this another year will be a better year compared to the previous years, particularly in 2018 and 2019.

Quote from: Kelvinid on January 19, 2020, 06:37:14 AM

the most awaited year maybe? If you are willing to take the risk, try to catch the current price before it is finally in skyrocketing.

They are expecting a bullish market this year because of the halving schedule, and it seems its gonna happen as bitcoin had a good run early this year, from $7K, now to $9K, and hopefully more pump will come.

Kelvinid

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win lambo...

Quote from: Wexlike on January 19, 2020, 06:13:00 AM

Quote from: luckyflop on January 19, 2020, 04:15:48 AM

If you want to hold BTC in the long term, now is still the right time for you to buy Bitcoin and hold. Bitcoin price is still very cheap because it is currently trading at just under $ 10,000, but if you want to trade short term it is better to wait for Bitcoin to adjust to $ 8500-8600 and buy it. However, if you have bought BTC since the beginning of December 2019, then you are really a successful person and get some big profits after only one month.

Now is a better time I guess. Let's wait for where we settle after the dip and recover.

Hopefully we stop above the downward channel and just reconsolate somewhere >$8.6k. It's a sharp red cliff if you look at the chart.

Nah, it is probably a little bit late as I'd think. We are moving ahead to $10k if we are buying Bitcoins even just in early this month, we already have been profiting...the same thing as OP posted. From $7,700 to $9k, it is already big enough but unfortunately, many were losing this chance.

Anyway, this year has to believe that it has a great deal for everyone...the most awaited year maybe? If you are willing to take the risk, try to catch the current price before it is finally in skyrocketing.

Japinat

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Quote from: Shafkat Fahim on December 01, 2019, 10:26:11 AM

As far as I know right now bitcoin price is little bit low and in near future price will rise again. So I think it is best time to buy Bitcoin.

If you bought btc after you posted it, you are certainly enjoying what you are seeing now.
Bitcoin is already on the rise, we touched $9000, now there's a little correction but I believe once it bounce back, it will make a new high again.

Well, I am also believing that a new ATH would be achieve, we are far from the halving and yet bitcoin is already bullish.
it seems like the speculation is correct, bitcoin will pump due to the halving hype.

Wexlike

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Quote from: luckyflop on January 19, 2020, 04:15:48 AM

If you want to hold BTC in the long term, now is still the right time for you to buy Bitcoin and hold. Bitcoin price is still very cheap because it is currently trading at just under $ 10,000, but if you want to trade short term it is better to wait for Bitcoin to adjust to $ 8500-8600 and buy it. However, if you have bought BTC since the beginning of December 2019, then you are really a successful person and get some big profits after only one month.

Now is a better time I guess. Let's wait for where we settle after the dip and recover.

Hopefully we stop above the downward channel and just reconsolate somewhere >$8.6k. It's a sharp red cliff if you look at the chart.

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Quote from: Shafkat Fahim on December 01, 2019, 10:26:11 AM

As far as I know right now bitcoin price is little bit low and in near future price will rise again. So I think it is best time to buy Bitcoin.

in early December yesterday was the perfect time to buy bitcoin. at that time the price was around $ 7k and now bitcoin has reached $ 9k. I hope you really buy bitcoin at that time.
sometimes some people continue to wait for prices to fall deeper to buy coins but in reality the price of coins actually has increased. so do not delay too long to buy.

luckyflop

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If you want to hold BTC in the long term, now is still the right time for you to buy Bitcoin and hold. Bitcoin price is still very cheap because it is currently trading at just under $ 10,000, but if you want to trade short term it is better to wait for Bitcoin to adjust to $ 8500-8600 and buy it. However, if you have bought BTC since the beginning of December 2019, then you are really a successful person and get some big profits after only one month.

Landak

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last month (when this thread was made) you already said that the price of bitcoin at that time was still low, if only you really bought bitcoin then by now you should have gotten a pretty good profit.
Well, it doesn't hurt if you buy it just now, but maybe you will need extra patience. my suggestion try to buy altcoin if you are already hesitant to buy bitcoin at current prices.

Reatim

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Quote from: Shafkat Fahim on December 01, 2019, 10:26:11 AM

As far as I know right now bitcoin price is little bit low and in near future price will rise again. So I think it is best time to buy Bitcoin.

in December 1 i believe that the price of Bitcoin is in the lowest from 4th quarter because at that point Bitcoin traded from $5,500-$6,200 value so that means very cheaper .

look at the market now https://coinmarketcap.com/currencies/bitcoin/ you can see that we have broken the $9,000 level and this is a good sign of continuous growth we have waiting for.

i hope that you have purchased that moment you posted this and now for sure you are in good profit of $3,000 per Bitcoin or more.

Topic: Should I Buy Bitcoin Now? (Read 1564 times)