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Topic: Thoughts on Bitcoin's Current Market Position - page 2. (Read 225 times)

legendary
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Bitcoin has been making headlines again recently, with its price fluctuating. As we all know, Bitcoin's market is highly volatile. What are your thoughts on its current position?

Do you think it's a good time to buy or sell?

Dont really care about its current position! I am in Bitcoin for the long term, I buy, earn and sell
Bitcoin daily. Its long term outlook is that is is on the rise. This is evident when you "Zoom Out"

If you zoom in and watch its daily/weekly travels it looks "highly volatile".

Highly volatile is great for daily/weekly traders, it offers decent opportunities for turning a profit.
If you listen to the media highly volatile suggests something to be avoided.

If you are looking for a quick profit in Bitcoin nobody can answer your question on its "Current Position"
with certainty.
legendary
Activity: 3304
Merit: 1617
#1 VIP Crypto Casino
It’s always a good time to buy, providing you have a low time preference & can hold for many years. Just look at the price 10 years ago vs the price now. We will see diminishing returns as time goes on but still far better than saving cash in a bank. Now is a terrible time to sell though, if you wanted to sell some then this time next year will be a much better idea. The bull run is early, still a long way to go.
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Bitcoin has been making headlines again recently, with its price fluctuating. As we all know, Bitcoin's market is highly volatile. What are your thoughts on its current position?

Do you think it's a good time to buy or sell?
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