Topic: Should you buy bitcoin right now? - page 4. (Read 1187 times)

I am not sure whether Bitcoin has bottomed out. The SEC investigation against Binance is still hanging like the sword of Damocles. So if you are going for short term or medium term investment, I would advise you to wait for a few more weeks. Any SEC action against Binance has the potential to cause a flash drop in the markets. So if you wait for sometime, there is a chance of being able to purchase coins at much lower rates (<$30K). If that doesn't happen, then $38-$40K is a good range to buy BTC.

Purchasing a little bit of crypto each week ( $50 - $ 100 if you can afford it) is the best option to obtaining crypto - some weeks the price will be higher, others lower and in the end spread out over months if not years of purchasing, you will have amassed a modest to reasonable bag of crypto for an averaged out price that enables you to make a gain should you then sell.

In fact, it is not too late to buy it, as Bitcoin has recently dropped to around $38,000. I think this is a good time to buy the bottom of the market, because in the future, Bitcoin is an unstoppable trend, and it will continue to create new record highs.

Yes you should buy bitcoin right now because the prices are at what I like to call " discounted prices" so I wouldn't pass up on the opportunity to buy if I have the money to buy. Or you can be firm and wait for something that might not happen which is the prices are going down half of what it is currently right now.

Digital currencies like bitcoin, ethereum, dogecoin and SafeMoon might be all the rage right now but are they wise asset group to invest your money in?
What exactly is bitcoin, and how does it function?


The idea of people sending digital money over the internet isn't all that difficult — after all, moving money from one online bank account to another is just that.


Cryptocurrencies, such as bitcoin, are a form of payment that sends data over the internet using blockchain technology.
Each bitcoin must be mined using a computer.
It is restricted – there are only 21 million bitcoins available for mining.
Cryptocurrencies are "decentralised," which means they are not governed by a financial body such as the government or central banks.

PROS: Cryptocurrencies are universal, which means they have the same value in all countries and are not subject to exchange rates.

CONS: Cryptocurrencies have a high level of volatility, making them a high-risk investment. People have also mentioned having to wait for their money due to technical difficulties.

Is it wise to invest in bitcoin?

Bitcoin is considered to be at the (extremely) risky end of the investment continuum.

The value of cryptocurrencies fluctuates a lot.
You could end up losing money.
Many of them are largely unknown.
Some businesses may go out of business, while others may be scams.
Due to technical difficulties, some people have had difficulty accessing their income.

Occasionally, one's value will rise, resulting in a profit for investors.

Mark Hipperson, CEO of cryptocurrency platform Ziglu, makes the case for digital currencies being mainstream. “With more and more major brands embracing crypto, such as Tesla and Starbucks, there seems to be little chance that crypto will soon be embraced in as many places as conventional currencies.”

If anybody can hold Bitcoin for long time then this is right time to buy bitcoin. With limited supply and more bitcoin adoption by countries price will only go up from time to time. Sometimes correction will come because at this point some big bitcoin holder sell their coin for profit. So right time for long term invest.

People are always greedy. They regret why they didn't start early when they saw the high price, and they wouldn't buy when the price fell. If you want to invest for a long time, you can buy and try now. It is a good time to always try everything.
But first, we must understand the quotations and the market to avoid risks.

In the long run, there will be more people participating, and they may have money to invest in the cryptocurrency market, and the price will rise.

Good for you and I hope that you will have a diamond hands because the current dip in prices might take a long time to recover so I don't think that it is advisable to invest bitcoin if you aren't a patient person. I think it is a good time to buy bitcoin but we have to be careful, don't put everything in it because it doesn't guarantee a profit at a short time.

I will buy. I will use the non-accompanying part according to my asset situation to buy Bitcoin. Of course, it will not affect my life and will hold it for a long time. So I buy it at a low price and I will forget It, in this sense, price is not a restrictive factor.

I think it’s not too late to enter the market, because Bitcoin has just plummeted. If it is a friend who is interested in Bitcoin who has not bought it before, it would be a good opportunity. From some financial media, we know that some giant whales are using it. A large amount of funds are buying the bottom of Bitcoin, probably in the hundreds of thousands, and you can still believe in Bitcoin.

I think we should buy some bitcoins now. Now is the time for our low-cost income. Moreover, the bitcoin market will not end there. In the future, it will still be good. We must believe in the future of bitcoin and we must have something to do with bitcoin. Confidence, people who bought Bitcoin long ago have already tasted the sweetness. Now it's really time for us to buy Bitcoin and wait for its value to rise.

i think everyone should dollar cost avg

With the current price now I think it is good to buy bitcoin, this is a good time for those who miss the previous rally because with the current ATH we are ranging $35k-$40k or 40% down already. Once the market shows signs of reversal, it will be easy to gain profit of more than 10% from this point, not just bitcoin only but to altcoins as well. I don't think we can go lower than $30k, we quickly bounce from that area few days ago and bitcoin outflows is increasing from exchanges which means whales are preparing for the next bull run.

I don't think buying bitcoin right now. The bitcoin market is plunging. Billionaire Elon Musk has announced he will sell all of his bitcoins. The Chinese government has banned bitcoin from operating. This will cause the bitcoin market to plummet and plummet. You should not buy bitcoins right now. Wait for it to stabilize and then calculate again.

Overall, this is a good time to buy Bitcoin by analyzing the current price decline. From the past market analysis, we understand that Bitcoin is a potential cryptocurrency and its value continues to rise over time due to its ever-increasing popularity. Increasingly, people around the world are becoming more and more positive about Bitcoin, encouraging them to invest in Bitcoin. Although relatively small, some companies are showing interest in bitcoin transactions, which is increasing the value of bitcoins at present, and in the near future, if a large number of companies are involved, the value of bitcoins will increase many times over. So investing in Bitcoin is now a good time to invest through market analysis.

It's never too late to invest in bitcoin. Right now the price is only $ 40k meaning it's already down $ 20k. My advice is to invest in bitcoin, buy bitcoin every month. Because we don't know the price of bitcoin in the future will go up or down.

I also did not buy Bitcoin in 2018-2019 because I had doubts about the future of Bitcoin, but after entering the year 2021 and the price of Bitcoin
managed to go up to the price of $ 60k, my confidence in Bitcoin has increased. Therefore, currently Bitcoin has decreased in price, I don't hesitate
to buy it, because right now I am optimistic about the future of Bitcoin. Indeed, if we want to invest in Bitcoin, we must first believe in Bitcoin,
so that we don't sell our Bitcoin if the market dumps, then we can hold Bitcoin until the sell target we specify is achieved.

I'd ask sometimes to myself why I never invest Bitcoin last 2018-2019 were Bitcoin price is really at its dip situation? It was because we tend not to trust Bitcoin at first until we realized and proves ourselves that it has the potential.

If you invest in Bitcoin now, you should have to ask for your self then if you are really sure about this. Because a lot of people saying I invest and hold but in the later part and when the crisis had come, where they are? they quit and dump their Bitcoin. Too unfortunate to say that not all of us here can manage to take risk, a lot of talks but less action.

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