Topic: When to buy Bitcoin. The price of the coin exceeded $ 6500 - page 2. (Read 301 times)

I think the news is true, because bitcoin still has the potential to go down again, so now is not the right time to buy bitcoin, the right solution is to hold down USDT first, you wait for bitcoin prices to fall because bitcoin will go down again

I think this is the right time to buy bitcoin today, i am sure that the price will go higher. The bubble roumors has stopped and everyone understood that the bitcoin will stay with us forever. I think that the people will feel very bad who doesn't have bitcoin in the near future.

There has not been a time you put out bitcoin for sale and there is no buyer. It tells you that there is no best time to buy. It is only speculation that makes people ask such questions. It depends on what you want to buy bitcoin coin for.

Every market of crypto isn't stable today. But i hope it will be better soon. If we want to buy bitcoin at right time is too hard to make sure of it. If you want to invest in BTC your mentally must ready to take every risk, but the risk will not affected if you have enough knowledge.

I think we are all familiar with the volatility of bitcoin. The movement of ups and downs in bitcoin's price cannot predict, but despite of the rising price recently, still it is a little early to me to buy bitcoin at moment like this. I myself will wait for it goes lower, still listening to the market and waiting

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.

Bitcoin suffered too much publicity from banning advertise on social networking sites like Facebook, Line and now Goodgle. So Bitcoin prices on the downturn but besides good information Bitcoin glue also. If Bitcoin is coming through the ETF and the government is accepting, it is a stepping stone to Bitcoin prices once again.

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

Yeah! SEC rejects 9 Bitcoin ETF applications: from ProShares, Direxion, and GraniteShares. I think BTC can drop to 6. Interesting that, experts told that about growth last week!

Now is the right time to buy bitcoin, the market price is decreasing it is time for investors to seek profits.

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

That's very true, recently the price of bitcoin began to slowly rise and this was the beginning of the rise of King Crypto, I see only bitcoin is starting to stabilize.

Definitely, the ups and downs movement of it's value is literally normal things to happen on it's system therefore when the value of it is lessen $7k we may considered it as a good range of value where in this the right time to invest into it. We can't actually predict how far it may be in the bottom range of value, maybe it will begin to rising up in the next few days so as of now this will be the best time for investment. Don't hesitate to invest now because for sure there will be the better product in the near future. Just remember that always keep patience so in the future we can able to reach our sweet success.   

We all know that bitcoin is a volatile crypto currency and being volatile in nature its valuation keeps on flactuation with time so its valuation are subject to pump and dumps according to the market demand and supply so one needs not to worry about this deflated valuation because the time will come when the valuation will inflate again and this assumptions is also according to some financial experts and till then holding your bitcoins is the best solution.

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.