Bitcoin Forum

Recent article "Is it time to Buy Bitcoin?" here: https://www.cryptofish.com/blog/is-now-the-time-to-buy-bitcoin/ (https://www.cryptofish.com/blog/is-now-the-time-to-buy-bitcoin/) so supposedly the 200 Day average may hold up price? then again, we are below the 200ema so maybe not. Fear and Greed sentiment indicator is showing a lot of fear....

News flash: No one knows when exactly the best time to buy is. If you think bitcoin has a future and in that future bitcoin has a higher price that it's price right now, then just dollar-cost average! May it be weekly, bi-weekly(I prefer this), or monthly. That way, you don't need to rely on technical analyses from people you don't even know if they actually know what they're talking about.

try not to think too much about numbers like these.
this types of factors are just numbers that people have come up with to try and justify certain actions in the market. they are never correct apart from some coincidence happens and they happen to be in the same direction as the market went by pure luck.
we are in the accumulation phase even if right now it doesn't look like it. the same way we were in a similar phase when price was $4100 and was going up and down to $3000 and back up again.

to make the most profit from it, you have to wait for price to get reduced a quater or half of current price so you dont lose.8500 dollar price now isnt really safe

You will be safe if your next move will be right, so the true outcome of buying now depends on your next decision afterwards. No need to wait it to dump more, because no one knows what would be the trend, just go on the flow and make profits even a little. It will up again soon because one of exchange sites is offering 90% off sale.

Crypto markets seems very unpredictable that I personally don't believe on "fear and greed" indicators which are based on hypothesis and doesn't reflect the real sentiment within cryptoverse!

Moreover, we should be aware that these indicators could be used by other people's personal agenda since it can influence the way most people think about current trends in crypto and in the end might affect their decisions whether to buy or sell their digital assets which could be detrimental to the parties involved. Imho.

I think the moment is good to buy bitcoin. When the value only decreased at 8k2 and increased to 8k6 as at present. I don't think the value of BTC will plummet again like it did earlier this year. Even so, the market is unpredictable, always comes with risks, be careful, think carefully.

Even in stock markets, Technical Analysis does not exactly portray accurate gains and losses. Then what more if it's a cryptocurrency in a gigantic network that is so-called blockchain. We have no freaking idea, the Analysis we see now are based on last markups and downs of a certain cryptocurrency. Although it actually "help" in hindsight if you will, the actual thing may happen very differently.

For potential buys the would want the price to fall but for already existing buys/investors they would only want a surge in price. I have already gotten some bitcoin buy still a part of me wants a bit of a drop so that I can accumulate more bitcoin

Such big corrections which are initiated by whales are often a great chance to buy BTC cheap

Seems like bitcoin will go down hard before it goes up to 20k. Maybe some people are waiting for the $7000  price before they buy and hold till the last month of the year.

Although it may be the whales trying to manipulate the market, it may also be a major correction happened because of the price being idle at $10k.
We have seen in the history of bitcoin that whenever bitcoin stays at a particular price for a long time, a major correction has occured followed by a bull run.

No one can tell you when it is the best time to buy bitcoin that is a personal choice that will depend on who you are as a person and as an investor, if you are willing to hold your coins for years them buying bitcoin at the current price is a good idea, but if you are not willing to hold your coins if we begin to see a negative trend in the price of bitcoin then it could be a good idea to wait a little bit and see if this is just a minor correction or if this becomes a crash.

What if the price did not get crash on that level and price recovers and keep shooting up, then the opportunity to buy at lower price is gone but what if we bought and the price keep crashing?  This never ending what if always bother those who wanted to get the best possible opportunity to profit themselves, but I'll go with ..


If we believe that Bitcoin will go up someday then buying it whenever we can is the best time to buy Bitcoin.  Let us not stress our selves about buying on dip or peak as long as it is far from our target selling price and the money we are using to buy it is our excess. 

Forget those lines, forget those indicators, forget those analyzations.. that question is always asked even back when bitcoin price hits the floor @ $3,000 level.

Don't allow that question is still a question once the price starts to make an uptrend again.

Up to you to decide.

the 200dma is usually a solid buy during a larger bull market so i was expecting a strong rebound off it. unfortunately, we only got a small bounce, followed by more carnage. back to the drawing board!

david is looking at the 4-day 90ema for a possible bottom, (https://bitcointalk.org/index.php?topic=5140701.msg52563649#msg52563649) which i think we just hit with today's dump. after that, we've got the june monthly pivot in the $7400s and the 62% fib retrace of the whole uptrend in the $7200s. even if we are entering a new prolonged bear market---which i doubt---i expect a strong bullish reaction from one of those levels.

There will always be fear but that is why bitcoin is risky. So I would rather take that greater risk for a greater profit rather than staying with the safest method there is (e.g. banks) which wont even take me anywhere near a good profit in 10 years.

Let us face it. What are the choices now?

We are right on the verge of closing below the 200 DMA on daily bars so in that sense its not held as support.  I normally take these MA as indicators and quite often its a signal short term for sentiment not absolute support.
   Time to buy bitcoin can vary on your risk appetite and the time frame you intend to hold over.  Short term speculators could refer to a trend in this area for support rather then the MA alone.   Price shouldnt just move in one direction so it will stop a fall and rise back at some point and theres some argument it does that now.   I'm also watching if it closes above 200 DMA for the week, sunday price or even friday close above 200 DMA would be pretty bullish reversal and worth taking note of.

I think you know when is a good time to buy bitcoin.
You can buy bitcoin at any price you want, and you should not depend on that article to bought.
But before you buy bitcoin, I suggest you analyze the trend so you will know on what position bitcoin price now and the next hour so you can see if your prediction will happen or not.
By the way, if you want to buy more bitcoin, you can buy at many prices and don't depend on one rate only so you can reduce the buy price.
Many people are making a wrong buy, so you don't have to follow them.
That is why you always need to analyze so you can prevent to get bitcoin at a higher price.
Maybe you need a long time to find the right price in buying bitcoin, but that will be worth it for you because you can get bitcoin at a low price.

We can't eliminate that fear but we have to control it before it happens that fear will control us. If that happens, it certainly brings you down and can't even think right.
If you are a risk-taker, then crypto is the best place for you. It is all about how we manage our self to face such risk, everything is a challenge and all it goes into the hard ways before we achieve our goals.

This is impossible to answer in any serious way without knowing your situation.
The default answer: if you have to ask, you most likely shouldn't buy. The detailed answer is; it depends on your financial situation your debt? income? financial plans/goals? will you need money you plan to put into bitcoin within the next 3-5 years? will you be financially/emotionally able to stomach a full loss of your investment?, as well as how well you understand the basics of bitcoin storage and why you want to get some in the first place. I mean, obviously this doesn't matter if you want to get something like $20 worth which is not a bad idea just to test the waters and to learn the basics, before you buy more, but you get the idea, I hope.

Sometime the resistance and support cannot be always right. But many analysis say that bitcoin is affected by recent Bakkt launching. Many traders outside the crypto world are now joining the league but its just unfortunate that it did not pump the price of bitcoin but instead dragged it down. Well, for me, I think this is just a set back and minor correction since we know how volatile the market is.

I have seen a lot of topic that say it is time to buy bitcoin and I know everytime we can buy bitcoin and whatever the price of it many people still buy it simply because day by day or in the next of couple years the price of bitcoin will increase. Lastly, keep on buying bitcoin because you will regret once the price goes up.

It had been always the time to buy it. There should be no question in there and should say it is time to buy Bitcoin or you will regret it.  ;D

The last ATH was at December 2017 where it fluctuates until almost 20k. That is where they made the wrong decision to ride the wave of FOMO's.
Although it cannot be prevented, some took the risk thinking there is a 50k ahead in just a manner of time.
I think that is only the one thing that most people got it wrong.
But now, specially now to correct it could be the last time to buy at a cheaper price.

Bitcoin until now has indeed become one of the promising investments. Especially if there is a halvening that is the bitcoin reward will be cut in half so as to make the supply of bitcoin to a minimum. And prices will rise. So indeed this is a good time to buy bitcoin.

however the situation will always be there are articles or media that preach when the right moment to buy bitcoin. even though, not everything reported was true.
we have our own authority to determine when the right time to buy and sell.

The funny part about that bull run was that it didn't really feel like such.

Early 2017 people got excited for a while about the pumps, but then they started to get used to the increases and considered it to be normal. It felt more like the price was trending up instead of a bubble that was forming to pop in people's faces. Right now we look back and say ahhhhh, what a bubble that was and that we should have known better, but you can't really blame people for not spotting it beforehand.

The interesting part was that the demand for Bitcoin didn't just come from spot buyers looking to hold Bitcoin, but spot buyers buying up Bitcoin to invest in ICO's. In other words, a double stream of insane demand that drove the price up to levels people would expect to see somewhere in 2020 after the block halving.

Maybe or maybe not. With Bitcoin, TA doesn't work. Supply of Bitcoin is too low and the use of bitcoin increasing every day. So buying Bitcoin for the long term is always +EV. But if you want to Buy Bitcoin for short term like 1-2 years I would say $4000-4500 is a good entry point. The recent problem with the Bitcoin market is Manipulation and no clear regularity. You have to be very careful with your trading action most of us make mistakes as they trade with emotion. In the end, I would wait for a good entry point. Also, don't invest in crypto if you can't take the stress/drama/risk. Bitcoin Price may go down/up to $2000 in one night. We may see ATH again this year but who knows!

Exactly everyone think like that, But current market is massive dump so some investors are move to USD. Once It will start pump in the market again everyone invest the Bitcoin. This is the right time to invest Bitcoin because again all the coins are moving forward so some big investor is enter in the market. We don't predict the exact hype and fall so we must carefully invest our desire platform.

Yup! I also consider this moment is the time to buy bitcoin for investment, we also have to ensure that the money we invest will not disrupt our daily economy.

If you have followed the Bitcoin price since the year 2018 you will see that now is one of the good time to buy bitcoin because from what we have seen so far one can come to conclusion that Bitcoin is more stable above $10,000 as compared to the current $8k to $9k. If you have that at the back of your mind you will believe with me that it is a good time to buy Bitcoin at the current market price awaiting the next move to $10,000 and above in the next couple of weeks to come.

"Bitcoin has been described as an undeniable form of wealth with an irrefutable book of records" you can quote me if you like. And this is my way of looking at Bitcoin these days. No matter its price, this reality will not change. So.. yes, if you ask me. Any time you can afford it, is the right time to buy Bitcoins.

I would like to get into the nitty-gritty of the current market situations vs what you should do and shouldn't. But that'd be a colossal waste of time as signature spammers will bury my text anyways..

Looking at the prediction of a possible $16k  this October, I think it is time to buy Bitcoin.  If you have the luxury of spending money and not retrieving it anytime soon then I guess the current Bitcoin price gives a good discount.  We all know Bitcoin is not "a sprint  but rather  a marathon."

The prediction is too big but the fluctuating Bitcoin could become reality, rumors will always be there, there will always be theories that speak. it's just that, funds to buy bitcoin that does not exist. LOL

Indeed Bitcoin will experience an increase in October but I don't guarantee it will reach $ 16k far from reality, which is clear the day we buy bitcoin and the right time to sell is October.

Fear is your best opponent in investing here in cryptocurrency,because if you can see the price from each time surely you will be afraid and sell eve in losses

Buy whenever you feels having amount that affordable to lose ,so whatever happens at least you are ready whichever happens

Small amount each time is enough ,and don’t sell your house just to buy crypto lol

And that's why bitcoin can bring profit. Not knowing when to buy bitcoin or not is the challenge that the world gives us and when you manage to time yourself at the correct moment, then that's what can give you profit. That's pretty much how investing goes after all. Even if you do thousands and thousands of research, it still doesn't guarantee a 100% guarantee that you can profit from that investment. It's a mixture of luck and timing in the end. Of course, if you fear that you may make a mistake, then progress would never follow so I'd rather invest than get swallowed up by fear. If you can just invest when you trust is the right time. I would suppose it's around mid-October is the best time probably? The recent launch of Bakkt would also push BTC up but it wouldn't produce results right away so I suggest waiting for a few more days before buying BTC.

that is the case with all prolonged trends, certain people get stuck in them. they always end up feeling it is the "normal" to see price rise every day each time we have a long period of bull runs near the end of the bubble cycle. that is why so many are always surprised when the bubble burst occurs and they no longer see every day rises for a long time.
it works both ways too, similarly we saw this year that everyone though going down was the "normal" and it should continue.

as for ICOs did people really buy "bitcoin" to invest in ICOs or were they buying ETH to invest in ICOs? i remember it was the later!

If you ask me then anytime is a good time to buy bitcoin. when ever their is downfall i use to start buying and sell on increase this is the way i am doing trading. If you see the news then you will fall for their scam as they are not totally reliable. Do your own research and trade.

No one can know the exact time to buy and sell Bitcoin. If you think it is good to buy bitcoin now, buy it. Never invest based on other people's advice.

I agree with you that it's hard to reach the price of 20000$ and many people scared that bitcoin might fall again and it may hit the price of 5000$ or 7000$. And, if this thing happens we many people will use this time to buy. Few days left till the last quarter of the year and we know that the last quarter is the most waiting quarter of the year where we can see a green market and the huge price of different cryptocurrency. I would rather to use this time to buy bitcoin than keep my money in my wallet.

I have always supported the method of keep buying the more money you have every x time period instead of going all in all at once.

If you spend $10k all at once then you may end up losing money (you can profit as well) but if you just spend $1k each month for 10 months you can have a decent average, doesn't matter if it goes up or down, you will be closer to whatever the price is right now compared to person who got all in. That is why I keep making bitcoins all the time and spending some of it and saving some of it every single month, I had times where I cashed out at $20k, I had times where I cashed out at $3k, I had times I got paid at $20k, I got times I got paid in $3k.

Hence, it makes like a decent average where you are never too far away from the most recent price.

I am a big advocate of monthly SIPs but it is important to remember, even if you invest in a SIP format, your investment won't be safe in the crypto market for long. Especially due to the heavy swings that comes with this space. So there is no alternative, at least in my mind, other than being an active investor, moving your funds around from one asset to another. A successful trader manages his money, or hires someone to manage his money in exactly the same fashion.

And this is not only limited to traders, many wealthy European and middle eastern households frequently employ these money management consultancy firms to handle and safeguard huge fortune that might have been accumulated over centuries.

Bitcoin at a low price obviously the best time for buying. But is it the low price? No one can ensure you what gonna happen in crypto in the next morning. If you feel this is a good time, then buy now. Don't make a quick decision about investment and forget about quick profit at this current situation. If you feel you can hold Bitcoin for a long time, whatever happens, you don't care, then buy now. Soon or later, you will get a good output.

The best time to buy bitcoin is always yesterday,

Yep, which is why there's been so much selling as of late.  Not sure what the fear is about, but there's been a lot of talk on the forum about an impending financial crisis and so forth, so perhaps the big-money players know something the rest of us don't.  And precious metals have been inching upward, which is usually a sign that bad times are coming.

But despite that, it could just be the usual volatility for bitcoin--this has *only* been about a 20% drop we've seen, though it did happen very quickly.  It could have been worse and might yet be, but none of us know.  I do think bitcoin is going to rebound, however, and I also think this is an excellent buying opportunity for those who have strong stomachs.  I've done all the buying I'm going to do for a while, and it hasn't been that much.  But I do believe in bitcoin and think it'll get back above $10k fairly soon.  For now I'm just hodling.

In crypto?  I'm familiar with SIPs in the stock market but not with bitcoin--I'm sure you can do it, but man....you have to have some serious risk tolerance to do that, and it would help if you're young and can recover if you lose everything.

Yeah, the situation right now is totally unpredictable as we can't predict how much low it would get. However, I think 7k$ could be a barrier that could stop it from declining even further. But still, the future is quite uncertain so I must recommend you to take each and every step wisely as only then you'll be able to get a good amount of profit...

This is not a good time to buy bitcoin I think. Because in October price can go up slightly but in November, it can go down like the previous year. We can not ignore the fact. This is just my personal opinion. If you feel good then you may buy now, because no one knows what will happen exactly.

Sorry go say, I can't agree with you. Because I think if bitcoin goes for 7K USD, then I will be sure that it will go down further more! Bitcoin needs to bounce back to 9K USD, otherwise, 7K USD can be a bad signal for another bear run. Remember what happened last year.

Bitcoin does not follow the last year patterns otherwise he see bull run every year in December.
I do not believe that bitcoin can go below 7K and even it does, it will not stay long below 7K. I think people realize that bitcoin halving can be the big factor for the bitcoin price to constantly moving up.

Well, the winter is coming and you know that most pullbacks happening during winter, right? Or maybe i could be wrong but this is what happens in the previous years, so the possibility is still quite possible. I wouldn't expect a comeback of $10k during this dip Bitcoin might start to become stable at $8k with a minimum low of $5k and maximum of $10k.

The expectation of reaching and breaking the $15k is now beyond.

I agree with you
dump at its beginning
And it is not time to buy or Waiting for a pump
people talking before this bear market ,bitcoin never fall bellow 9000 , thay sayed toothat  wall 9000 never fall and
The truth is totally different from what they were saying

A short term buy might not be that unreasonable on the basis we have failed to break down any further:

https://i.imgur.com/iVLb4kY.png

With the open for Monday and going into the next six hours, if we dont see a significant progression from last week then we could see some reversal that means price rises upwards as further selling becomes frustrated.   This is only the short term perspective but its often the case that the waves can move differently to the tides or momentum across various time periods all of which take greater time to shift their weight.

   The blue line here is the 8 day average which seems to be sticking to the price, while it is above we are still negative it has not moved especially and I think a break attempt can occur and a move up be triggered.

I think the same, it is a good time to do some shopping, in case the price falls further, the market will have a mandatory recovery, the advantage will be that if it goes up later, you will have the privilege of having bought in the last price zone low.

It will go down below than $8k, and maybe we will see a low price again this time. But I don't expect the price to go lower than $7500 because that will make a panic at the market. Yes, bitcoin needs to bounce back to $9k, but it seems, it's too difficult to break the higher price so maybe we need to calm down for a while. Meanwhile, prepare yourself for another downtrend if it's really happening later.

It is what I've got by watching on Poloniex:

https://i.imgur.com/W2oKqyB.jpg

So be careful about deciding you want related to the market. Don't choose the all-in to buy more bitcoin but dividing into many prices placement.

Indeed, the bitcoin price is down currently so it's a good idea to buy now. There's saying, buy low and sell high. If you are looking for short term profits, I think that's a good idea. And still if you want to HODL for long periods like 5-10 years buying cheaper coins is a good idea too.

Well I agree to disagree with you. Psychological level 7500 - 8000 dollars is pretty strong and if we managed to hold this than we can expect to start climbing back up to $20k

Fear wasn’t part of crypto investments because all we have here is speculative and a risk so being tough is one important thing together with trust on our crypto’s that in future will brings us profit
I don’t want to invest because I read some articles and Technical Analysis but I will invest because I have studied and make a research about such crypto’s but in regards to Bitcoin it’s always been a win win situation for me as I have seen for years the growth and fall of this currency and with that scenarios I am surrendered believe that I will gain in future

I appreciate your opinion but no one knows what exactly it will happen tomorrow, investing in BTC is like a pure gold. Also you cannot expect a big return in a real quick time, patience plays a vital role here. Even the professional traders and experts doesn't know what will happen in future there is no any hidden secrets in BTC. Trust me this coin is very powerful and a precious gem just buy it and wait for your day.

So we now have good news, from the chart yesterday, today the price can increase up to $8400, so that is a big increase in the price for a short time. If it continues, then we will see the price increase higher. But it seems, the price will stay for at $8200-$8400 for a while and then we don't know what next to will happens. The bitcoin still not moving fast to the higher price and the order buy and sell at the market is not moving too, only the price changes and I am sure that is the bot that moves the price.

We are still in the critical moment which bitcoin price can go down again, or if any supports come, the price can increase higher. We could expect that something will happen in this week, and it could push the price to rise again.

Buy now while others are afraid to come because of the dumping price maybe they didn’t realize that this is the best time to but bitcoin and other good coins. If you do short term, try to monitor the market well because it moves faster than expected and we didn’t expect this big dump buy it happens. Bitcoin will survive so stay calm and have more bitcoin everyday.

200 day? Dont know anything about that.
I do know that anytime is a good buying chance but not $20k which look like a fake pump.

It went low to almost 3k USD by now so I guess that is a good indicator of a good buy already.
11k to 12k is where we stayed so long and now this. It is a steal for every buyer.

Same for me too on this, I haven't heard anything about it too. Don't know why random people make unnecessarily estimation of things though.
Most Bitcoin investors are not really making the best out of their situation now when now seems to be the opportunity they should have grabbed. They are seeing red in the price of Bitcoin when they should be seeing green. Now is the perfect time to buy!

The time to buy bitcoin depends on you as an investor or trader lol but i one thing that i always make it clear is that with speculations of bitcoin price ever reaching $20K again, i don't know why anybody would hesitate buying at $8k.

Indeed. There's no right time to buy actually because bitcoins fluctuate we cannot say that this is the right time to buy just because of having a cheap price. Let say bitcoin will pumps in next year and you got a high return, in far future that price from next year will eventually low in our perspective and eventually it will pump even more.

No one can know when is the best time to buy. When Bitcoin reached $ 20k and $ 3k I read the same thing. Make your own report, if you think Bitcoin has potential for future growth, buy it. Never invest based on anyone's advice.

So, myself, I have never been dependent on anyone else, I am currently buying Bitcoin no matter this is not the right time, the important thing is I am sure bitcoin will grow even more in the next year.

Let`s admit it, we are waiting bitcoin to repeat its price peak like in 2017, and possibly to go higher. Bitcoin has been one of the best investment that someone could have made in the last 10 years, and still bitcoin is suitable for making more money in many different ways. Nothing is 100% sure in crypto, many people knows that, so will it rise or not is a question for all of us. We choose to believe that crypto is the future, but believing and knowing are two different things. I`m pilling up, I believe in that rise in next couple years.
Nevertheless, if it`s done correctly trading with bitcoin can mean a huge profit, many of us agree that price will rise in the future, so it can mean a huge profit for holders too. But you need to have a prediction of your own in the end, do what you think it`s the best and what you believe in, that can be buying bitcoin, holding or trading with bitcoin, or buying a gold and moving far away from here.

You are right. The Bitcoin price movement seems really unpredictable. But it holds the 8K USD zone strongly, so, 7K USD seems not gonna happen. Rather, I hope this month, the Bitcoin price will bounce back to 9K to 10K USD. I will change my mind to buy Bitcoin if it comes under 8K USD in November.

It could be the perfect time for you to buy bitcoin but that doesn't necessarily mean that it is the perfect time for everyone else, this is a very common misconception, people think that whatever strategy that they are using to make money in the markets is the only one that exists and that is not the case, you must find a strategy that suits you, and while I have no doubt that you believe that this is the right moment to buy bitcoin there could be other people that prefer to wait until the price goes down a little bit more.

No, but this is the speculation section...so we're all gonna speculate.

My main problem right now is not the recognition of whether bitcoin is a good buy, but a lack of investment capital.  I'm confident that bitcoin will eventually move back toward at least $20,000 and if I had spare cash I would be all in.  Well not quite 'all in' but I would choose bitcoin over stocks or real estate right now and would sink any money I could spare into it.  So yeah I do think now is a great time to buy.  There is always a chance of bitcoin falling back to the $3000 range but I doubt that's going to be the case.

Disagree.  If buy and hold is the strategy, its a good time for anyone to buy in my opinion.

Yes, because buying at least someone has a certain goal and when we just follow the advice of others then basically everyone has a different plan, so try to have notes and good plans to do because any price at the time of purchase becomes a calculation to make next plan after buying.

It is true we couldn't really tell when would be the best time to buy ,
So if you really want to buy then do it anytime you want do your own research and timing.
We couldn't predict the future who knows if Bitcoin would go up or fall down in the next couple of days .
So if you really believe that the price of Bitcoin would be higher than it is right now then why shouldn't you buy it and hold it?

1) The "lack of investment capital" contradicts the first statement, "recognition of whether bitcoin is a good buy". If people don't feel like buying bitcoin because they're having seconds thought on whether this is the "right time" to buy, then you could say that it really lacks in investment capital.

2) Agreed. Compare to stocks or real estates, bitcoin hands down surpasses them. Not because it costs higher but the possibility of having greater gains.

3) Let's hope not.

4) If buy and hold will be the strategy of the majority of users, I doubt the price will increase. Even if we assume that many people would buy at this instant, I will still doubt it will increase further, because of the "buy and hold" mentality. There has to be someone or even a group of people who will buy tons of bitcoin that will make a ripple in the charts that will eventually lead to a domino effect (many people will start buying too).

Now I can quite say that its a time to buy bitcoin.

https://cdn1.imggmi.com/uploads/2019/10/7/fa6b77e9eb0f4811e323fbb195ca0559-full.png

You can see 4 hour chart looks quite bullish. BTC has broken a descending triangle and is moving towards it's 200 day MA. Moreover the MACD Crossover below zero line shows more bullishness.

You have exactly said what is not facilitating the growth of Bitcoin, which is exactly this our buy and hold mentality, we all just want to buy and hold Bitcoin as if Bitcoin is only created for investment purpose alone, and just as you said, this is not what is going to help Bitcoin, which I think that we really need to change our mentality towards that and begin to accept Bitcoin for what satoshi really established it for which is for peer to peer payment and this is the most important factor that will always allow the law of demand and supply to really take place which without that, we can remain stagnant on a value for years without making any move to break further barrier, and aside that, just holding is really not healthy for us, it will only make the whales to be manipulating us as they like.

Bitcoin will be a very profitable investment for your medium and long term goals. I think bitcoin price will rise too much, especially at the end of the year and in the first quarter of 2020. But for now, unfortunately the downward trend for bitcoin continues as long as it does not exceed 8900 in the short term. If you accept the risks you can buy bitcoin right now. if you want a more risk-free transaction, wait for the bitcoin price to exceed 8900 or down to 7100. This is not an investment advice, just my opinion.

price rise this morning 8750 per btc and it is good sign
although price now 8350 i think this is rare chance ; it is hard to buy again at this price in the near future
font worry about  the chart of prices bitcoin i think is good

It's a matter of good decision making whenever you are trying to place your position. Good traders analyze the situation whether is good for short medium or long holding process. Remember that there's scalpers around and this type of traders always find a way to benefits whatever the direction Bitcoin is heading. If you are good with analyzing, you will be able to place your order in it's profitable place.

i dont oftenly check the price these days but based on what i read you are saying that the btc price have rise earlier and then it drop again ?  ouch thats bad i thought btc will recover contiously since we are now on a new month and we are close to the year end so i have a stong urge that the price will now rise instead of falling down.  what you see earlier is indeed a good sign that btc is ready to take off but unfortunately it slip down but anyway the price of 8k+ pkus range is not a bad to start buying for newly investors or for for old timers

@barota these are normal fluctuations but I feel we’re in accumulation phase, and we may not see these levels again for a very long time. @Fredomago I believe those traders are buying heavily, and we too should mirror thier strategy and buy bitcoins while their prices are still low.

It is very simple. If you want to hold Bitcoin for 10+ years, it is always a good time to buy BTC now. In a decade it won't matter if you bought at $6k $8k $10k etc.. Low time preference is the key here. But many people don't have that patience as they are just looking for some quick gaines and profits.

Exactly. If you believe that bitcoin has a future then there's no need to worry when is the right time to buy because even if you buy at a high price if you still got a high return in the future. Basically, I'm just saying is that bitcoin never been stable it always makes a move whether it is pump or takes a dip. Bitcoin never stops increasing hence, if you truly believe in it you have no fear to buy whenever it has high value or not.

Right now, looks like a great time to buy, I am in no way an expert on prices of anything but looking at bitcoin it is literally saying "Yes I fell down a bit but don't worry I am not going any further down" to me, it is a perfect opportunity to make some more profits. People who are too afraid during this type of bull run will never make money, you need to be brave, if you buy and the price falls then you need to buy even more!

I know someone who bought all the way from $20k to $4k and he collected so much bitcoin at the end that he literally was out of cash at one point, then eventually bitcoin hit $10k+ and dude is not raking in cash doesn't know what he will tell to his accountant about the taxes. Bull make money, bears make money it is the pigs, they get slaughtered.

Everyone has a different buying strategy, that suits their income and savings. Buy the dip and sell the spike, this should ve the right way to go about it, but of course it's difficult to know where support levels are and where resistance levels would be.
Adjust your buying strategy to suit your circumstance, so not simply buy when the price drops

Yep, because there is no time frame in buying bitcoin. If you feel to buy at this moment then, you can. You should know how to hold in the long term before you buy it. And if you invested from borrowed money that is not advisable too. When you are in buying point just patiently wait at the right time to gain profit, once your profit was there, then, you can now be going to sell.

The potential capabilities of bitcoin cannot be measured, and for such a long time of its dominance towards crypto markets it has been performing amazingly. It will fluctuate whenever the trend goes, depending how it's demand works through buy and sell activities. Every good opportunities came for us at an unexpected time, so don't waste it and buy while declined price occured lately.

Everyday is always a good chance to buy Bitcoin, depending for your preference, if it is in short term or long term, if you want to trade short term, there are things to consider such as news, chart analysis, market cap, but if you wish to do long term, then  you can always buy anytime and hold it for few years not just months, so patience is always needed.

I agree with you that buying bitcoin is a good thing to do in any time, when ever someone has some money for spending should buy bitcoins and put them on a side. It's investment for the future, or it should be. I don't think that new investors should try to gamble or trade with bitcoins they bought for the first time, they should hold them for years, for some people only long term investing can be profitable, cause everything else require knowledge and skills, but for holding you just need to invest and buy bitcoins put them in some good wallet, and you are good to go, ready for the future. I think that people shouldn't trade or gamble with bitcoins before they put some amount on a side.

Hmm, curious, so I was wrong all along. And here I thought I've been saying the right things.

So, the key is for the users to keep on the transactions (as what satoshi wanted), not gonna lie it's currently making progress(barely)--to its value that is. But how can we change such a mentality? And also, I'm curious now on whether gambling is correlated/connected to the value changes in Bitcoin, and is it also considered as peer to peer payment?

Like what happened last December 2017, it's one big bubble.

With gambling and trading risk is very high, I know that many people decide to try their luck with one of these two in order to make fast money, but what's happen is they get busted after some time. Those people who decide to do that, usually comes here on forum after losing money to complain about certain services, exchanges, casinos and entire crypto.
Its why education is important, why researching is essential, if they come here on forum before everything they would see numerous topics about possible risks in gambling and trading. Numerous advices how and where to start with crypto.

If you want to buy bitcoin for the investment, you can do that at any time at any price. But if you're going to buy bitcoin because of searching for a profit, then you need to determine the right time to buy because you need to get the right price to get bitcoin. Only with analyzing the market and the price you will get the right time, and that will not easy if you don't have skills. But now, I think you have a chance to buy bitcoin because the price is down again, but I am not sure if in the next hour, the price will be down back or not.

Yes this time is still good for buy and hodl. Many hodlers are panicking and some are selling off but I don't think that will get price to drop. We can still see price running around 8k till the year ending.

But there are not many people that are going to want to have their money invested in bitcoin for 10 years, I know there are some investors like that but those are the minority and while they could be fine at buying bitcoin at any price everyone else is not going to be fine with that, most investors will be interested in being invested in bitcoin for some months or maybe a year which is why they need to time the moment they enter the market and buy bitcoin when its value is relatively low.

I guess he is late to buy bitcoin in a few days ago because in September, bitcoin price shows the reducing of the price. So that will be his great time to buy bitcoin and hold it for a while.

Look at the chart, and he has at least 5 times to buy bitcoin at the lowest price

https://i.imgur.com/2S8pNMw.jpg

But that will not a big problem if he cannot buys bitcoin at that price because if his purposes to purchase bitcoin are for the investment, he will not bother that.

My suggestion is he still needs to search different prices to buy bitcoin so he can reduce the average rate of the buy price. That will help him to calculate how much profit he can make. But don't greedy, because that will make you lose the chance to make a profit.

Well to pathetic for that guys to still look after the cloud mining services since it has so many scam events happen and we cannot even deny that almost all of them turns scams when they accumulate more funds. Better to tell your group mates to buy bitcoins at this time since it's more profitable rather that engaging their selves on risky investments.

bitcoin prices are now stable and the possibility of bitcoin prices will again increase prices because it will approach halving day so I suggest to be able to buy more bitcoin as much as you can while the price is still very cheap.

In fact, the current prediction says that the price of bitcoin will decline at the level of $ 7k, I suggest to retain the assets you have for now. Although we all believe that at the end of the year the price of bitcoin will pump, however, many people believe that before the pump arrives, the price of bitcoin will dump first. however, I think the price analysis says that the price of bitcoin in the near future will actually reach the price of $ 9300 in this year.

Accumulation process by the whales can be felt before seeing the pumped to happen, it's anticipated that the value of bitcoin will be dumped some predict to see as down as $5k while others are holding and hoping that it won't go that far before the pumped comes up again.
Halving can changed the momentum so it's better to keep buying while you can afford to have cheap price inside the market, hold and wait till next year to enjoy your profits.

the world of cryptocurrency, especially the price of bitcoin is very difficult to guess even though there are many out there who have knowledge about charts / trading and even then not necessarily 100% correct, if I was told to rate then I gave them 99%. I believe bitcoin will go to the moon and I also believe bitcoin will go down, nobody knows, but you can buy bitcoin from now if you are sure that the next few months / years bitcoin will go to the moon.

It`s paid advertisement, or simply investors seek for referrals. Two possible ways to earn with HYIP`s, to advertise it and someone to pay you for that, or to not invest anything but to have many referrals that will invest some money and that will generate profit for you.
I`m not sure who is still trying to make profit with investing in cloud mining services and hyip`s, probably newcomers, fresh blood. Old crypto people are staying far from this services that have big promises, in most cases that`s a big trap, if not in all the cases.
Well education is the only solution, people need to learn how to do some research, to learn about something before they invest their money. But most of the people find it boring to read what we wrote, pros and cons about services around that we tried, they simply wish for fast and big profit, and that greediness is the thing that ruins them in short period.

angeloBTC (top bitmex trader) is still short term bearish. yesterday he said he's still looking for $6k: (https://twitter.com/AngeloBTC/status/1184154809726844928)


i hope he's wrong but the way we're bleeding back down to $7700.......it looks ugly. who's getting ready to catch the knife?

Can predict or not, it's back to his belief and I agree about it, buying lots of bitcoin will definitely have a lot of calculations for situations like this, the price of bitcoin continues to fall until it sits at 8K and I think a situation like this will create more concern high and to buy at least they will wait for fear that prices will still fall lower.

The prices tends to rise slowly but still its not too late tp buy bitcoin because we might witness another bull run before the end of this year and price cross $15-$20k so invest now before regretting buying at peak prices.

In my opinion there's no late nor early buy but aslong as you enter on correct position then it's good since Bitcoin is so volatile and we might gonna earn if we choose to hold or to sell and  the only thing we need to research here is on when we enter since there's a high possibilities that we can earn more since a huge odds for bitcoins to pump and the said figure or even more.

There is, in fact, they're called bullish trend (high price) and bearish trend (low price). So, it's pretty obvious that during a bearish trend, you might wanna buy as many Bitcoins you can afford, then during a bullish trend, you might want to sell during this season.

There's no such thing as correct position because, you said it yourself, Bitcoin is volatile. But there's such thing called "correct timing".

I repeat again there is no such thing called correct timing or wrong timing when it comes to entry into the world of crypto but as you have mentioned there are correct time to buy and sell as we prefer to sell at high preferably during bullish market situation and buy during the end of bearish market it's a natural phenomena of every users over here but some of them try to justify it's never a good or bad to to buy crypto which is incorrect.

I think this is the good time for you to buy or to invest in bitcoin. The price now is low and i know late bitcoin will goes up the price. If i we're you i will buy bitcoin now and i will hold it for a long investment.

The exact timing is not now, its likely that the time to buy is not a moment but months is a reasonable period of time to scale into Bitcoin holding.   If you do intend to hold that is then I would not recommend just one buy but many maybe every month or week depending on how convenient that might be for you.
   Classic saying from a long term trader whose made his living in many markets which would be, the bottom is a process not an event.   To try and guess the bottom pricing is unlikely without having the benefit of hindsight we are all estimating and measuring the reaction of the market vs various averages and markers of previous volume and turning points.   We can know afterwards with increasing confidence hence trends tend to build after establishing as not everyone will go near the bottom but join into a regular bullish ascending price.   Buying regular allows somebody to particate in the market without being tied to a singular point, generally its a reasonable time to begin buying but not finish imo.

Timing of investment is very important, it's the results of your combined analysis and experienced towards the market situations.
When you buy according to what you think is good for your investment, you'll always find time to keep your assets on hold while
waiting for the time of your sell goals. You are the driver of your investment knowing where to position yourself and trust your
judgement will make you more comfortable whatever market brings you.

I will suggest all of you to wait and extend your patience for more days or weeks before buying as new sentiment from McAfee urging as to sell our Bitcoin so expect that the price may dump again in the coming days so lets just wait and see.
https://cryptopotato.com/stop-hodling-start-spending-your-bitcoin-john-mcafee-on-his-1-million-prediction-altcoins-and-his-dex-exclusive-interview/

I have sold at $8400, waiting for $7700 again but the price still persists, the lowest today was $7811 but I miss it, hopefully bitcoin will drop deeper than $7500 so we can stockpiling more and more coins ;D
But I really doubt bitcoin will fall below $7500, forget about $6K, not gonna happen.

It is better to wait for the price to crash completely, it seems that a price above 8000 is proving to be a challenge and now USDT has reached the fourth spot in market cap and it is the at the first place when it comes to volume, this clearly indicates an increased interest in tether, this can only mean that many investors are getting out of altcoins and bitcoin as well and going into stable coins and this is no good for those expecting a recovery.

No need to wait to buy bitcoin at this time, because there will be a lot of time wasted, it's a pity, even if you have already bought it you might already benefit from the bitcoin correction incident that has already happened. But not what has passed.
I don't rely too much on technical analysis like reading numbers, I will only buy bitcoin if I think now the price is cheap and sell when it's high. So I followed market trends, because sometimes technical analysis is not very helpful, especially if the market is difficult to predict and control

The current price ranging below $8k and we couldn't foretell about bitcoin when is the time for surging high. Possibly it might go down further in my opinion, but as we experience it could rise again. Though, we already seen this volatility in bitcoin but being patience could makes us hope about this market condition. If we could take the risks from buying then it’s time and waits until we catch the price increase to take profit.

I think bitcoin will not go down to $ 7,700 and the lowest point is only $ 7911 and currently bitcoin is $ 8,168 so this is likely to go up again, seeing prospects like this I believe bitcoin in the coming weeks will head to $ 8,800.

But in reality the decline does not continue and that is the opposite, prices are currently being pumped and indeed when prices are lower than 8k it is like a concern to go down further. Waiting for the right time to buy is difficult because when prices can go up and down quickly at least it will make a mistake for us to make a decision. So in this case it would be better to buy it immediately when the price is struggling at the lowest point in personal view, because if it just continues to wait for a lower price I think that is a way that might be said to be wrong.

Technical analysis is a great tool that can help you tell what it is happening in the market but it cannot tell you accurately what will happen, for that you need use your judgement, there were many investors which thought the price was too low and were predicting a recovery and they were right but I do not think that even in their dreams they thought the price will go up as it did just a few days ago.

In those instances technical analysis is not really going to help you and your only option is to hope that you are on the right side of the market at the time or your losses will be hard to recover.

For me , its always a good time to buy Bitcoin as long as the price is not over 15k$ as that would involve a big risk for the short term deal but if you're a hodler like me and a long term investor, you shouldn't care so much about its price. Remember 2017 run ? And how in 2015 we all was afraid to buy Bitcoin because the ATH was 1200 in 2014 ? Now its the same thing but on a different scale so I'm buying now to be ready for the next bull run.

If you are determined to buy bitcoin and have enough capital, never waste your chance to buy bitcoin and buy it without looking at the current price of bitcoin because doubts will make you regret because bitcoin is very volatile.
and you have to buy bitcoin for the long term so you get the maximum amount of profit, and in my opinion now is the right time to buy it and hold it to wait for the price of bitcoin to reach the highest price.

The best tome to buy bitcoin depends on how you see the situation, if we look at todays price we can say it is still a good time to buy bitcoin since we are expecting a bull run that will happen anytime soon and we are also looking that the price may have another all time high which could be $20k or more, however, we still don’t know when it’s gonna happen but i’m pretty sure it will happen we just need to be patient.

In crypto platform we need more patient, But most of the investors are not maintain the patient so they panic small fluctuations. Some peoples are more active in trading platform so they don't think the time because BTC is always profitable platform. Obviously current market also right time to buy Bitcoin so we can invest right time, it make good profit on end of the year.

I see that Bitcoin will not go down more than 8900$ this November, because I also see that on a weekly scale there is a candle reversing direction at 0.61% fibonation.  and I'm sure it will go up by around 10,000$ in the second week of this month. and I think now is the right time to buy bitcoin for 9000$ - 9100$.

honestly I myself do not understand what is the benchmark when you say an average of 200 days we have to endure. is there a certain formula that can be convincing about the indicators that you say. I have read the article that you shared, I really don't understand what Warren Buffett's words mean, be afraid when the market is greedy and greedy when the market is afraid. indeed by seeing the situation as it is now, people's fears are more dominant. but when I believe and predict that by the end of this year the demand will be even greater, I think it's time to buy bitcoin. and we wait until the coming year.

i agree with you on what youve said that bitcoin wont go down below 8900$ ,and 16,000$ price is becoming real within this year. I hope bulls will dominate the market starting this month till halving next year.

sometimes many people are hesitant to buy, or own bitcoin, and ask about time, price, conditions and more. I also sometimes hesitate for that, but I made up my mind to own and hold bitcoin, or altcoin that I was targeting. until now, people will definitely say "buy without hesitation" "if you're not sure you shouldn't buy it" or anything else.

however right now the price of bitcoin is under $ 10,000, and that is a pretty good time. I would also take the opportunity if I can have it, however, when the price of bitcoin has risen to $ 10,000, people will start to regret their actions for so long. I think if you can't stand the risk that can happen at any time, investing in crypto is not a good idea. This is a good condition to have bitcoin, if you have no doubt, do it

The market of crypto currencies is full of volatility and that forms the basis of fluctuations in currencies. This is not just with crypto market rather it is a rule of nature that the more you are patient with something, the greater rewards will be awarded to you and same is with bitcoin. Those who panic because of small dumps are the ones who suffer from depression and frustration when market pumps.

Yeah bitcoin is already touching it's dip this year and it might probably will not go lower. 10k is the next target and after that i'm sure people will take profits and market will experience a correction.
As the history said, halving on a coins won't instantly pump the price but a year after or the next 2 year people just realized the impact of the halving itself. So, buying bitcoin for long time investment like 2-3 years is the best decision right now

   The market is at the moment showing increases in the values of majority of the popular crypto currencies since bitcoin is doing so. Many experts are pointing out bitcoin to reach at least 15k dollars by the end of December and expecting it to repeat the price pathway it followed back in 2017 leaving everyone astonished. We all shall simply keep fingers crossed and avoid believing into rumors.

Not a bad advice, if you do not know how to trade the markets then taking any opportunity to buy bitcoin is the right choice, however if you want to obtain slightly more bitcoin for your money then you need to learn a thing or two about the markets and be able to determine if the price of bitcoin is overpriced or not.

In my opinion bitcoin is slightly overpriced at the moment, not by much just a few hundreds of dollars, so that should not be an impediment for those looking to buy bitcoin now, but if you are really looking for an opportunity to buy bitcoin cheap then you will need to wait for the price to go down.

The right time for bitcoin buying were just missed, because we had a price as low as $7500 which is low compared to the present market price of $9500. This is going to increase over the years, before that anytime soon there is also some decline in the value. Who were with plans for buying can spend on buying by the time of small crash.

It's a great time to buy crypto in my opinion because it's extra cheap and getting in now means you will be able to sell at top valuation and it can be huge. but you need to remember that this will be a long-term investment. for short time I just spot a bullish opportunity now that can be traded and i see a window for buying with targets at $10,000 and $10,300. after which we shall see whether bearish is over or remains.

That is just an article to increase people's fear and they will lead holders to sell their Bitcoin. When you want to invest, you should rely on your research and don't think too much about the right time to get into it. Doubts in our minds affect your psychological side, what you need to believe is that you must be sure that Bitcoin can rise many times more than the current price even though it takes 3-5 years to come. I'm pretty sure of this because many countries have recognized that and started using blockchain technology. So, there comes a time that total supply is nearing the limit and demand will increase.

  Such articles or news are often spread by haters of bitcoin or contemporary competitors of bitcoin project in the market. They simply want to bring down the market of bitcoin in order to attract people towards altcoin market. What I will suggest is stop believing in news and do your own research and do look at previous market trends of bitcoin and read reviews of successful bitcoin investors. That will help you overcome fears.

The article is written to promote visitors to read it, it has to say something dramatic or people wont bother to raise any interest to finish the page I guess.   We just broke past the 200 day average and are now above the 50 day, its possible we do recover from here but the price remains weak and subject to continued doubts within a longer term bullish picture imo.

I dont think crypto is super cheap, but its now way off the highs.  All the bullish talk from the previous rise is still as valid now and cheaper to participate and go forward with but also we can get cheaper prices.   People tend to be worried a little too much with constantly what happens next, I try to only worry about the big problem of long term security and usage, etc.

when viewed from now I think it is still good to buy bitcoin, and IMO a good time to buy bitcoin is to buy every the dip, because I'm sure after entering 2020 it will be a bullish time, at least it will go above $10k and it's good to continue to $15.

Expected from "journalists" just to raise the view count imo, and doesn't really care about the topic at hand. A typical work of a so-called "journalist", they will attack certain topics that if you read between the lines doesn't really make sense at all. And you know, just to have an article to throw out there. Honestly, I don't really see any strong evidence proving such claims. And even if this becomes true, it will also get devoid before they even realize.

Cryptos being cheap isn't an option anymore. I guess you're right, even with some notable cryptos that are considered "cheap", generally, they are not cheap at all--if we're talking about the exchange of course.

I'm in the same boat as you are.


As I've mentioned. This is more like false propaganda rather than an informative article to educate people. In our era now, it's very rare to read an article that really means something.

yeah today the price came a little down and recovered again so it means still it is an opportunity to buy bitcoin now as far as i concerned i think it will be a very good decision, and waiting for dump is completely baseless because the price is now on the stage of stability, a big dump will never occur, instead the price will increase and in next year the price will be too high to buy it.

I think buying bitcoin or not all depends on the research we do. if we are sure that bitcoin will pump again then don't delay buying immediately. but if we feel bitcoin can drop even lower then wait. do the research seriously and be sure of the decisions that have been taken. and do not ever regret the decision that has been taken. before entering the bitcoin market we must know that the price of bitcoin is very volatile and unpredictable. all possibilities can occur. in investing bitcoin we must be patient and not easily panic.

A lot of things must be concerned before we make investment especially on bitcoin price. Although we already research, market condition must be looked carefully. Because all research sometime still not help if market still on high price. Research and right time needed in this kind of investment.

If you are doing your own research then whatever results you get should also include a time or a price in which you could obtain the best benefits if you buy, we have been through a small decrease in the price of bitcoin, nothing too significant so if your research tells you the price of bitcoin will resume its upward trajectory then this could be the perfect moment to buy.

However if you are like me and think that most likely we could see a further decrease in the price of bitcoin during the next weeks or months then this is the time to wait and be calm because the opportunity to buy bitcoin for a cheap price may not last long.

I think it will go down more until it hits $8.2k level and that's the best time to buy bitcoin. And it already break the suoport level so we might see it in anytime to go down.

And it is a opportunity to buy some altcoins and wait again if the value will pumps once more or bounce back to $10k.

Exactly now a day price is down so we can buy at a low price but as time passing it will increase. Those who are truly interested in buying bitcoin they should grab the opportunity and buy some coins at this amazing chance of low price as after only a few months price will be really high and then it will take more than double price for purchasing than now so just buy now as much as you can.

What we see now in the market is that the price of bitcoin returns to $ 9,000 +, and maybe those who made yesterday's purchases have made a small profit, it looks like bitcoin will gradually increase again and making purchases now is the right time before the price of bitcoin rises too far .
and if you trust bitcoin and will benefit you, let it move as it is because when bitcoin goes down it will definitely go up again and it all depends on how strong your patience is to wait.

if the support hold $8600 can last 4 hours, I think you can buy it if you want to get profit in the future,
but if Bitcoin falls more than $ 8600 we will see $ 8200 or even $ 7200, hopefully Bitcoin can survive this decline

There is a possibility for bitcoin to reach for that price you mentioned. As the price is really unpredictable we could buy some btc to the point that we can take the risks. The market is volatile so in my opinion, let's grab the chance in buying when it’s low and have patience until such time we could see the pump price of bitcoin.

Correct, if you have enough funds to buy bitcoin by now better to accumulate and keep buying. There's no certainty with the value, it can fall or it can break up and bounce to much higher level. The timing will be in your expense if you are aiming for long term investment you won't be affected of any downfall. The fact that you into investment business so better to have enough patience to wait for the time that you are already satisfied with the profits that you've got.

Its always time to buy Bitcoin but only within a reasonable setup, dont buy it now if you dont also like buying it at 6000.   If the idea is to trade it then we got to be realistic where its possible range is right now.   I think it can move positively upwards so long as it can keep above the 50 day average price.
  Thats the blue line here:

https://i.imgur.com/958XU33.png

The yellow line is 200 day and harder to pass, the reason for optimism now would be that the 200DMA is rising which means an increasing amount of space to rise potentially.    So this whole area is for trading more then holding within a more certain trend, there is no defined trend for the moment.

   If idea is to trade, but what if the idea is to hold? Then setup should be different! Long-term investors can be separated in two
groups, first are professional investors, and in other group people like me, ordinary people with a normal job.
   Professional investors have experience and funds, ordinary people depend from salary. It's a big difference. I invest on monthly
basis, from my salary. I don't wait price to drop to buy, for me it's good as long as the price is under $10k.

Yes buying bitcoin now is good if theres enough money to buy dont waste time because bitcoin is a good investment and i think this is the right time to buy and accumulate bitcoin. Bitcoin price now are cheap so what are you waiting for buy bitcoin and hold it.
Once you buy bitcoin all you have to do is to wait and have patience to wait for the right time for you to sell it.

there is no specific time to buy bitcoin, every the dip is good to buy. all depends on the goal, if for the long term anytime is good time to buy, because sooner or later bitcoin will move higher for the future.

if you can sleep comfortably when you put your head on the pillow this is the right time to buy bitcoin  ;D

We are not even experiencing any dip or price dip because judging from the price of Bitcoin from 3k to it present price. There are lots of changes. Many people are always waiting for a particular price 'dip' and end up losing. I think now is the best time to buy, sooner price might be unaffordable.

I don't think anyone knows exactly when is the best time to buy bitcoin. some people would say buy when prices go down and sell when prices go up. in my opinion this is easy to say but it is quite difficult to do because the price of bitcoin is very volatile. so that I am principled when I have more money I will buy bitcoin and then hold it. I will hold it until the price of bitcoin can pump higher than my purchase price. I will be patient waiting for that. investing in crypto does require patience.

yes it is really difficult to decide whether it is good time to buy or sell, because sometimes the after buying at low the price comes down more and sometimes after selling at high the price increases much more then people regret that it was a wrong decision, i think to avoid these regretting we should set our own targets, like when there is bull run then we should buy more and more, and when we reach to the targeted profit then we should sell it without any delay.

This is what all successful traders and bitcoin supporters do. They simply grab the mighty coin when prices are low and try to hold it as long as they can until market does not pump hard or they don’t reach their set targets. If we talk about the current scenario, bitcoin is showing some decent moves towards pump. These are the last few chances given by bitcoin to all those investors who want to become rich by buying bitcoin low and selling high.

I always consider that the best time to purchase bitcoins would be the day that you discover its existence on the market- basically the first date of purchase. From that on, the trend continues and your investment starts.

Like what you have mentioned, if people were to accurately predict the price of bitcoin in the future, then everyone would be rich by now. Treat bitcoin as you are treating the other investments in the market but with a much volatile price.


Doing research before purchasing can definitely lower the risk of your investments incurring a loss but this must also be coupled with patience and knowledge about the news circulating as these factors also affect the price of BTC on the market.

It’s not an easy task to know the exact time to buy and to sell but for this, you must know how to make research. Analyze before you sell and invest if you will buy now then it will give you profit but if waiting more could be harmful that’s why better grab the opportunity and make savings. In a few months it will start rising rapidly but yet it’s low price with a promising future.

This is a good test but one that is awfully flawed, many investors believe that they are capable of something only to discover too late that they are not, you may think that you may buy bitcoin today and be happy with your decision regardless of the way the market moves, but we know this is not true for the majority of investors, as soon as the market begins to move in the opposite direction many people being to get really uncomfortable.

And instead of holding their coins and forget about them because they know that over the long term they should recover their money they begin to get more nervous with each passing day until they cannot sleep comfortably anymore and they have to sell their coins.

yes I agree with you I also always give a target when I will sell my coins. when the coins that I hold have experienced a 50% increase then I will sell them. if after selling the price of the coin goes up again I will not regret it because I already made a profit. but if I continue to hold the coin too long without a target and keep hoping the coin will rise again. I will be disappointed when the coins go down because they do not get profits because expectations do not match reality.

I agree on that, there's no one can knows when's exactly the best time. But we use indicators and speculations and create an intelligent guess when it is the good time to buy base on the charts that we see and specially if you're into analysis. There's also that practice of cost averaging that no matter what's the price, buying is a must. And for those who don't know when's the exact time to buy, they can do that strategy.

This is another lesson I want to employ. I  learned it the hard way because I have some coin at has no value at all now. This is a piece of sound advice especially if you are starting on cryptocurrency especially on altcoins or tokens. Don't hold for too long especially the project is new and just launch, big whales will dump their holdings as long as they have profit.

Regular investment is a reasonable investment strategy.   I think its called dollar cost investment (https://www.investopedia.com/terms/d/dollarcostaveraging.asp) or something similar, I will look it up.     The idea is to invest into an asset class over time, many people think just Bitcoin is fine and others believe the whole spread of crypto currencies should be bought or at least the top 10.
   Buying over time is something I often look back on a few things and wish I had done, so long as the trend is positive long term it works.   Something like INTC or intel shares it was a valid idea or Microsoft or the whole tech sector all have been good vehicles for world growth though initially there was alot of uncertainty.   This particular asset of crypto is more volatile so perhaps the idea is even more applicable to spread risk over time.

https://www.investopedia.com/terms/d/dollarcostaveraging.asp

Its a far more reasonable idea then trying to buy the bottom price with just one buy.   Trading is far harder then investment over time, the main decision is on market being suitable to hold and in an area of growth.  I do think alternatives to the status quo of conventional FIAT is a growth area, nothing is for certain but Bitcoin has a good chance of success and capturing part of this sector growth.

Invest looking which condition how bitcoin and altcoin price, never look with bitcoin have down or lower price become god chance for investing, how if bitcoin take down again and not raise up. There are always have chance with bitcoin goes down and up but think with good analyze for bitcoin when is up before invest your money.

But isn't investing over time needs trading as well? In fact, it's a necessity when constantly investing in something. We should always check the charts whenever we invest in that particular currency (whatever you wanna call it), to have the most optimal profit (over time).


That's what Bitcoin supposed to be but look at it now. It became an asset rather than being the "alternative", and it's sad that the "growth area" we're seeking isn't as clear as we perceive it to be. Exposure isn't the problem from Bitcoin as of now, it's the utilization and adaptation we should be concerned about. And how can we utilize an "asset"? NO, we don't, we hold it. And I think people would still just hold their Bitcoins, considering what happened in 2017.

This is not a bad strategy but do you have any way to get back in the market if the coins you were holding keeps going up? I ask this because it is easy to say that if you earn 50% you will be happy with your results but how many people were early adopters of bitcoin and sold their bitcoin for a cheap price and they are now regretting their decision even when they got profits out of it.

A trading strategy in order to be complete not only should tell you when to get in the market and out of it, it should also have a way to tell you if it is good idea to get back in a coin which you have recently sold.

No the advice given is often buy and leave well alone, over speculation or excessive activity can be a negative.   Over the years, many people have been involved in crypto and sensed this was a sell area only to find the long term gains were of far greater magnitude.   Just like now, today this could be a sell and I dont disagree but by the end of the year its easily a buy again as it all depends on the period to hold for.
   Its reasonable to keep track of a sector, the level of BTC dominance and other ideas.   I was currently reading about Turkey possibly entering with some use of crypto, it has suffered problems from its distance to dollar and of course China announced some crypto activity.   Thats all fundamentals, its easily arguable its best not to trade but holding over a year is reasonable.   A separate amount could be traded but they are two different things because the time frames are so different.

and if face this condition we have to be calm, dont be panic or even selling our asset when we see bitcoin or altcoin price drop. We must admit that current condition still not good, their is no confidence that could make us courage to buy crypto currency again.
 
And in near future i see bitcoin still have chance to drop again ,if we have no floating minus position we  could start buy it again to accumulate our bitcoin amount.

Exactly at this time, it’s the worst thing to utilize your investment but it's much better to hold as holding is always profitable for us. It’s not good to panic your coins those who sell at panic will suffer only loose. We can invest our money now and hold in 2017 people who have been holding for huge profit won, but those who sold before 2017 become sad and they regret at the end.

Then it's not "investment, over time" but "investment, one-time", I totally misunderstood that part.

But I have a question, how sure are you that trading frequently is a bad thing? And how certain you are that holding is a good thing?

Isn't it trading causes the decrease (eventually, eliminates) of volatility? IIRC, the massive one-time buy in 2017 made a huge bubble, and holding them didn't help Bitcoin either--made it worse actually.

The market trend isn't completely understandable, there is more price drop than expected. If it keeps up to gain momentum there'll be forward push in the price. If that happens then we can expect gradual growth as it is nearing the final month of the year. Same time if the drop happens with specific time interval there are chances for massive fall in the price of bitcoin followed will be the altcoins. So, it is good to wait for a short and make decision whether to invest right now or hold it.

it seems now is the time for you to set it up, the price of bitcoin is stuck at $ 7800 now,
you can buy some of your money in Bitcoin, or part of the altcoin that you trust, I'm sure tomorrow Bitcoin will go up again

And this is why trading or investing in any market is so hard, the price is still going down and for a time it went below 7000 and it is likely that we will close below 7300, at some point you need to take a decision, you need to be willing to accept that it is impossible to take decisions that are completely perfect, someone buying at 7800 may be lamenting his decision to buy at that price as the price is still going down but if you believe that the price at which you are buying is good then you need to do it.

Obviously there is a risk of short term losses if you do this but if you actually took the time to analyze the markets then most likely you will get close enough to the bottom and in the long term you will obtain good profits.