Buy 1 Bitcoin at $7,000 and think of long term profit ?? It's going down and not up
Share your thoughts, why do you think it's going down? It's been sitting at 6k for so long and defended the bottom twice. People are actually very bullish in general and are buying much more than they are selling. You can see it by the price slowly going up for the last 2 months. Don't look at the highest or lowest values but the average.
Note that BTC is constantly being mined and some if not most of these coins end up on the market to cover the bills of miners. This means that somebody has to be buying for the price to remain at the same level and it's not doing that, it's going up!