Price hovering around 570-580. Is it a good move to buy?

[pandalion98]

People were saying back then that they are going to buy when prices drop below $600. Now that that's happened, is it still a good idea to buy? Did you buy? Are you planning to buy?

[1714639123]

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[TastyChillySauce00]

price is quite stable,but whether the price rising or falling no one knows,if you want to buy bitcoins now in order to get profit,this time is good,but still there's no guarantee that the price is going to rise,trading is about luckyness i do say
to be honest,didn't have plan to buy so far until i got the lowest point of the year,just gonna decrease my loses in trading and lowering risk

[Schuyler]

I bought a few when the price hit $540 and it has not gone down to that level since. At $570 and the price not able to break $600, we might be seeing the price linger at these levels longer than expected. It is still a good price to buy at since the potential increase is always there. Just learn to be patient and manage expectations.

[DOGE12321]

Yeah, I think it is a perfect time to buy. I don't see why. I don't think the price is going to plummet. The reason for the jump from 900 to 570 is because of the Bitfinex hacking. I am expecting the price to remain stable for another couple of months, then hopefully a rise upwards.

I have already bought my BTC straight after the Bitfinex incident.

[1Referee]

Intentions are very important here. If you are buying coins to store them away for a very long time, then you can buy a certain amount at these prices. If you are just interested in short term gains, then it's fifty-fifty as there are equal chances for the price to go up or down.

[Leonard2016]

People were saying back then that they are going to buy when prices drop below $600. Now that that's happened, is it still a good idea to buy? Did you buy? Are you planning to buy?

people always ask this question when the price goes down, they miss out, and price comes up then they start thinking about buying bitcoin.
beck when price was $650 everybody was waiting to buy when it goes below $600 and when it went there nobody bought and now that it has come up again they are thinking about buying.

[pooya87]

People were saying back then that they are going to buy when prices drop below $600. Now that that's happened, is it still a good idea to buy? Did you buy? Are you planning to buy?

you should stop listening to what other people say about price and buying or not, and start making your own decisions about investing in bitcoin or not.
also remember that there is always a risk of losing some money with bitcoin while there is a chance of making profit. so try to buy in the dips so you have a better chance of making profit.

[Nahl]

i personally not really sure to buy now but for those who believe bitcoin will rise up $600 above they will buy with the current price however i think it's quite stable now indeed i do expect the highest prices but in my view the price will $600 below untill end of this month

[Kakmakr]

People will say a lot of things, but you should read between the lines. Go back a year, when the price per Bitcoin was $200 and then read the forum posts. People were saying Bitcoin is crashing and everything was Doom and Gloom. Now a year or so later, people complain about a price that are hovering around $570 to $580.

What will these same people say, a year from now, when the price average out at between $900 to $1000? Do not listen to people, they might have hidden agendas.  

[Herbert2020]

People were saying back then that they are going to buy when prices drop below $600. Now that that's happened, is it still a good idea to buy? Did you buy? Are you planning to buy?

you are late to the party, not too late but still it is late.
you should always buy when people are complaining about the price and calling bitcoin dead. if you have bought 2 weeks ago you could have earned nearly $90 on each coin and people will continue complaining when price is low and start thinking about buying when it is already up.

[Mike8]

The price may drop a little more, since the mining difficulty is not big. But this is on short term.
If you want to buy and hold, I have no good answer what to do. The ones that earn most from the market are not attached to the asset: they buy and sell to make profit.

[DanDan]

Iv'e brought a lot under 600/500/400/300 so for now i wont be buying anymore. for me not a good idea

[calme]

Doesn't look stable to me. Just looks like a cascading breakdown that was set to happen even w/o the hack. Back to the trendline of about $500, a price that would still have rural mines in China laughing to the bank. So, I think a better question would be if the 500 range will hold. Remember we recently flashed down to 160, making $300+ look like progress.

[randy8777]

i certainly think the current price is a reasonable price for people looking to buy. i am not going to make things look nicer than they in reality are. mainly because of the lack of direction in the market. people are confused as they don't know what to do after the bitfinex hack. i think we'll keep feeling the impact of this hack for at least a few more months.

[LFC_Bitcoin]

People were saying back then that they are going to buy when prices drop below $600. Now that that's happened, is it still a good idea to buy? Did you buy? Are you planning to buy?

I think so. When you think the potential for how high the price of bitcoin can go then now is definitely still a good time to buy.

I don't envisage us going a lot lower than the current price.

[Wind_FURY]

In my opinion, no. Wait for a better price to buy. Bitcoin's latest rise is over for now so it is time for it to fall again. This all part of the normal cycle so do not worry.

[kwukduck]

It's just the buildup of another 10-25% crash, we've seen this pattern countless times before.

[PeRo]

I think it is a good move, but you can not be too sure, so you would have to take a risk. The price is going to probably stay stable for some longer time at the current price, but it will probably go higher later. I just have a feeling it will recover and be like the prevous floor from about 2 months ago about 630$.

[Labumi]

I think it is a good move, but you can not be too sure, so you would have to take a risk. The price is going to probably stay stable for some longer time at the current price, but it will probably go higher later. I just have a feeling it will recover and be like the prevous floor from about 2 months ago about 630$.

Yeah it does right, what is said by most beginners is incorrect. because the price reduction is not at high risk for bitcoin long periods of time, and it's even profitable for us to be able to get more bitcoin. Because if later we can have a lot of bitcoin then when prices are high we bitcoin can benefit greatly

[umaOuma]

I think it is a good move, but you can not be too sure, so you would have to take a risk. The price is going to probably stay stable for some longer time at the current price, but it will probably go higher later. I just have a feeling it will recover and be like the prevous floor from about 2 months ago about 630$.

Yeah it does right, what is said by most beginners is incorrect. because the price reduction is not at high risk for bitcoin long periods of time, and it's even profitable for us to be able to get more bitcoin. Because if later we can have a lot of bitcoin then when prices are high we bitcoin can benefit greatly

We can afford to buy at this stage as price is not too high, and if we think of future then it will surely be higher allowing us to make good profits from it.