Topic: When to buy Bitcoin. The price of the coin exceeded $ 6500 (Read 315 times)

I feel that the price of Bitcoin will not go below $5000-$000, so if anyone is interested in stocking up their wallet, I think now is the best time to do it.  And I mean,  the years is almost coming to an end and what we forget to understand is that 2018 was suppose to be a year of buying more (if you have the capital) and hodling cause it's a year of correction. The coming year may bring more pump.

I'm afraid it's too early to buy. The price is not stable yet and bitcoin may drop below $ 6,000. I think spring or winter would be a good time for shopping)

I'm afraid it's too early to buy. The price is not stable yet and bitcoin may drop below $ 6,000. I think spring or winter would be a good time for shopping)

I think buying bitcoin is stupid now. The price may fall lower especially if we take into account the deviation of bitcoin ETF today.

No, I think buying bitcoin is still too early. The FUD flow is still strong and too little time has passed since the previous bullcoin bull trend. I personally wait for $ 5000 to buy.

I'm afraid it's too early to buy. The price is not stable yet and bitcoin may drop below $ 6,000. I think spring or winter would be a good time for shopping)

 it's been 9 days since this post and it seems the price is struggling to stay above $ 6900 and since we do not have good news to drive a big price increase, we can imagine that the price will fall to $ 6200. it has been very bad months for bitcoin and altcoins, I would not have imagined that I would ever see the ETH price below $ 280. Imagine the losses that many people must be having with these price falls

On the other hand, if the coin value can rise above $ 6595, it will reach the $ 7000 zone. Bitcoin will begin to recover gradually if it can consolidate above $ 7067. In the near future this is less likely than a negative scenario.

I totally disagree with you if you buy on long term. Even medium term. If you plan to hold your bitcoins for 5 years, bow and next year is best chance of your lifetime. What is left of your lifetime of course. You will never have better chance again.

Planing to hold for a long term is a good idea but it needs a lot of patience and some huge courageous nerves to fight with the time. By the way I personally like target based holding. It minimises the risk ratio as well as you are most of the time updated with with the events and occurrences to get a good view of the market. You get more opportunities to achieve your target.

the price of bitcoin should remain above the $ 6320 zone, otherwise the rate will again fall to the level of $ 6000. Then, the Crypto currency may fall to $ 5859 and $ 5755.

On the other hand, if the coin value can rise above $ 6595, it will reach the $ 7000 zone.

Over the past six days, the Crypto-currency has risen in price by 8%. Today, its rate may decrease, says CoinDesk analyst Omkar Godboul
On Monday, August 20, the average market rate of Bitcoin rose above $ 6500, after which it declined. Now the Crypto currency is trading at $ 6,480, August 14, its price was $ 5,980, over the past six days it has risen 8%. At the same time, the total capitalization of the industry grew by $ 27 billion.

According to the expert CoinDesk Omkara Godboula, in the near future the price of bitcoin should remain above the $ 6320 zone, otherwise the rate will again fall to the level of $ 6000. Then, the Crypto currency may fall to $ 5859 and $ 5755.

On the other hand, if the coin value can rise above $ 6595, it will reach the $ 7000 zone. Bitcoin will begin to recover gradually if it can consolidate above $ 7067. In the near future this is less likely than a negative scenario.

I totally disagree with you if you buy on long term. Even medium term. If you plan to hold your bitcoins for 5 years, bow and next year is best chance of your lifetime. What is left of your lifetime of course. You will never have better chance again.

I think buying bitcoin is stupid now. The price may fall lower especially if we take into account the deviation of bitcoin ETF today.

forget about trying to predict how high the next ATH will be
forget about trying to predict how soon the next ATH will be

instead realise the most important thing is to know what the LOW average is expected to be.

and here is a tip.. look at the cost of mining.

EG - back of an envelope math...
take 47exahash network hashrate, thats 47000000 terahash
an asic is 14trra (fixd number worth remembering)
so 47000000/14
so thats 3.3mill ASICS needed

imagine electric
at 6cents an hour (to cover 5cent/kwh at an asics 1.3kw (back of envelop rounded math)
0.06*3.3m
=$198k an hour /6blocks /12.5btc =$2640/btc for electric

imagiine unit cost
recent batch of $850 per asic and lastability is 1 year..
so lets break it down to an hour 850/365/24 = ill call it 10cents for back of envelop math
0.10*3.3m
=$330k an hour /6 blocks /12.5btc = $4400/btc for unit cost
total cost to mine= $7k/btc

final tip. miners dont sell coins on exchanges instantly as soon as they receive them
so sorry this math cannot predict prices to the minute.
no one can predict exact prices, exact dates
no one can predict how high a hype bubble the next ATH will be or when
no one can predict if or when prices will stay low or for how long

but it can guage roughly the low area/zone for the month
so take a months overview and take the lowst hashrate you see and the highest. to see the area/zone of break even
https://www.blockchain.com/en/charts/hash-rate?timespan=30days
37exa(28th july)-54exa (11th aug)

and look at the months low of 37exa and months top of 54exa.. you will see a range of $5.7k-$8k for the month. and now guess what the high and low bitcoin PRICE swing was for the month.. yep $5.7k-$8k
magic right... nope. its math

you can atleast find a safe zone of average expectancy of the low price to know if bitcoin is near a low(within the area/zone) or hyped up(way above the area/zone)

final final tip
look more broadly at the hasrate over a year. and draw a couple lines of expected future direction of the lowst hash expctation and highest expectation.. then do some math