Is right now a good time to buy Bitcoin / Ethereum?

[ultrloa]

I don't follow all the altcoins so I'm sure if you should buy ethereum but speaking of bitcoin it surely is a good time to purchase and save it for the future. The problem that the price is low for a week is investors are scared price may drop more but seeing the charts it looks like a clear growth to me

Me either and I will always go with bitcoin. But if you want to invest to ETH, it's also a good decision as it did really grow a lot for this year. The same thing you will do with ETH, you'll hold and sell. Both markets are volatile but frankly speaking bitcoin is more promising to my eyes so I will not going to leave bitcoin and will buy when at dip.

That is surely the top 1 choice of majority here but if we could split up our balances and do some short trades on the other half surely staking will be more worthfull since we can generate more profits by this since as you can track its movement surely you can see the flashy movement of bitcoins right on. And ETH is better for long term holding since this one is promising coin and surely it will hit up hard in future.

[1715270788]

1715270788

[freedomno1]

Hi,

I know you guys get asked this all the time. I'm new to cryptocurrencies, trading and I've never been involved in any sort of forums before either, so i'm sorry if I've posted in the wrong way.

I'm looking into the happenings at the moment and trying hard to catch up. It is a lot to digest and I think there are important dates coming up that I need to be wary of. It seems July/August are to be big dates for Bitcoin and I am trying to understand if i have already missed the boat and if the risk/reward is too high/low.

Am I right in thinking that the value of bitcoin could swing either way with a 50/50 chance after this date?

Is the current general thought for investors that after August, there might be a large dip, but it should recover to eventually get our 500k valuation (in a long way off), or if it goes south would it be dead in the water?

With the current spikes and new all time highs in the price, would I be buying in too high at this point?

Would i be better to buy as much as I can before these dates or would it be safer to wait until after and then buy in?

Sorry if have some misinformation.

Thank you for your time!
 

You posted fine, people should ask questions that's what the forum is for and your's was better made than most ^^.
The risk reward is about the right amount for the current pinpoint in time depending on what happens to Bitcoin, the best time to buy it was in 2011 the next best time is today and hope for the best in the long run.
You are correct in that the odds are 50/50 after that date but only to a certain point past that date as long as it stabilizes new users will bring more value to the system and the price will easily exceed the current prices so the point is your time horizon if you want to hedge ETH is a reasonable fund to keep value in.
I would say to buy some now and some later since it doesn't hurt to hedge best of luck.

[South Park]

this time is not the right time to buy bitcoin because bitcoin price right now is too much higher than i expected this past few months i thought bitcoin could reach this amount when this year ending but im wrong so just wait till the drop of price of bitcoin before buying for you to have a good back to your money what you invested

Right now is not the right time if you are only looking for short term profits, if you are looking to be in bitcoin for the long term, then almost any moment is good enough to invest, buy some bitcoin and years later the value of your investment would have multiplied, it is that simple, just forget about the daily variations in price that way you will not be tempted to sell at every dip of the price.

[Omega Weapon]

IMO, it's time to buy since I'm heard that after Russia follow Japanese's track, the bubble will happen like before
It's reasonable since there will be a lot of demand and bitcoin value will increase since it's adjusting supply and demand !

Is it the demand for bitcoin as big  in Russia as it is in Japan? Because I have my doubts about it, if you are right then we will see the price skyrocket again but I think there is going to be a slowing effect for the UASF that is coming, so I think we may see the price move around the same range for quite some time before investors get confident on bitcoin once again.

[HasHe]

If you wait to buy bitcoin,then you may have to buy at higher price as bitcoin would soon cross $3000.It could even cross $3500 by this year end.Main reasons for this would be japan legalizing bitcoin followed by India,a very big populated country.Better buy it now itself to avoid regret.

[n0ne]

If you wait to buy bitcoin,then you may have to buy at higher price as bitcoin would soon cross $3000.It could even cross $3500 by this year end.Main reasons for this would be japan legalizing bitcoin followed by India,a very big populated country.Better buy it now itself to avoid regret.

As stated it's true that the price increase will happen in the coming months towards a much bigger value than the current. This is just because of several countries showing interest on bitcoin after the adoption of Japan. In my view ETH too is a good pick and need to be bought at the earliest, because when the price grew unexpected it's said that the growth is temporary but now the increase has been continuing.

[chineseprancing]

No, I think this is not the right time to buy bitcoin or ethereum, because price of them are continuing to raised up. It is not the time to invest rather it's time to earn more bitcoin and ethereum.

[JackTheReaper]

Well obviously at the time OP posted it was a bad time to buy since its dumped since. I think now is good though because both btc and eth are overdue for a pump in the short term and their medium and long term prospects are also great.

well its a good timing if OP bought some while the value is falling and wait for the value rise back and make a good profits
its just a matter of timing and project like this usually have some support and pumped will happen anytime soon.

I agree with you . The right timing can provide satisfactory results. Although a coin has a very good pump, but when we make decisions in timings that are not right then the result will not satisfy.

Well, how could we know that it really is a good timing, could we now? But the only thing we could know for sure is, this the right time to sell.

[serjent05]

I believe it is a good time to buy Bitcoin but no Ethereum.  The upcoming update of bitcoin may possibly boast its price since the long scaling problem of bitcoin might probably get resolved.  About Ethereum, I felt that ETH is in a bubble atm that is about to burst.  I do not know if it will sustain its price for a long time.  ICO inside the ETH platfor is currently trending but until when?  If the trend shift, definitely this ICO within ETH platform will cater no interest anymore.

[zend7]

It is always a good time to buy bitcoin if you are a believer in it, a believer that its price will skyrocket in the longer distant future and that you will hold your bitcoins until that time arrives. It is never a good time to buy Ethereum as it is just another altcoin which was heavily pumped and now is being dumped little by little. Also when it will switch from proof of work to proof of stake after few months I think its value will decrease even more.

[Ayiranorea]

No, I think this is not the right time to buy bitcoin or ethereum, because price of them are continuing to raised up. It is not the time to invest rather it's time to earn more bitcoin and ethereum.

As said it's the right time to earn Bitcoin and ethereum, but with the one who is not aware of earning options could buy it and hold for the better. Because I don't think people will get a lower price than this, so to buy and hold as the price is increasing often.

[ardentvolcanoes]

No, I think this is not the right time to buy bitcoin or ethereum, because price of them are continuing to raised up. It is not the time to invest rather it's time to earn more bitcoin and ethereum.

well for long term holders and believers its still the best time to buy btc not sure with eth since i really don't have much knowledge regarding to that
coin but with btc value will keep on rising there's no way of falling unless big issue happen and cause destruction.

[GoodLuck2]

No, I think this is not the right time to buy bitcoin or ethereum, because price of them are continuing to raised up. It is not the time to invest rather it's time to earn more bitcoin and ethereum.

And to me that is very good time to buy more bitcoin because I know its price is going to high, but I think the time will come that I cannot buy bitcoin because its price is day to day increasing to rise and in future I have problem to buy bitcoin due to high price so that time is very good and right to buy bitcoin with low price and then sell in future with high price.

[Omega Weapon]

If you wait to buy bitcoin,then you may have to buy at higher price as bitcoin would soon cross $3000.It could even cross $3500 by this year end.Main reasons for this would be japan legalizing bitcoin followed by India,a very big populated country.Better buy it now itself to avoid regret.

At the moment almost every crypto is going down and to me I think this is the beginning of a general dump so I think if you are not invested in crypto yet, the right thing to do is to wait some time and see if you can get a better price when you buy bitcoin, I think the closest we get to august first the more instability we are going to see in the market.

[daxiake]

No, I think this is not the right time to buy bitcoin or ethereum, because price of them are continuing to raised up. It is not the time to invest rather it's time to earn more bitcoin and ethereum.

And to me that is very good time to buy more bitcoin because I know its price is going to high, but I think the time will come that I cannot buy bitcoin because its price is day to day increasing to rise and in future I have problem to buy bitcoin due to high price so that time is very good and right to buy bitcoin with low price and then sell in future with high price.

Price is really good right now to buy bitcoins as it has gone down drastically in compare to last week so this can be the best opportunity to buy more bitcoins and wait for the price to go higher as price will surely be higher by the end of the year.

[SaShiRaJaVu]

Right now, the prices are down because of the Bitcoin scaling issue. There is a good chance that this issue will be resolved in the near future. If that happens, then the prices will increase steeply. So keeping this in mind, I would advice you to purchase as many Bitcoins as possible. And right now, I can't make any predictions about Ethereum.

If the price of bitcoin is down because of scaling issue what about Ethereum and the rest of the other alt coins,all the markets are down,so what that means is that scaling is not the real issue and the market was on a bull run for a while and now people are booking their profits.Wait for some time to understand how the market is going and then take the decision to purchase the coins.

[HasHe]

I could advice you with confidence to invest in bitcoins.It has given huge returns to its investors.Its no more manipulated.So we could say that it reflects its original value.It has more chance of price increase.But ethereum is mostly a pump and dump coin.If you could predict correctly when it is pumped and when dump would start,then you could make some money.It does not have any future.

[ubitcoin]

If you wait to buy bitcoin,then you may have to buy at higher price as bitcoin would soon cross $3000.It could even cross $3500 by this year end.Main reasons for this would be japan legalizing bitcoin followed by India,a very big populated country.Better buy it now itself to avoid regret.

As stated it's true that the price increase will happen in the coming months towards a much bigger value than the current. This is just because of several countries showing interest on bitcoin after the adoption of Japan. In my view ETH too is a good pick and need to be bought at the earliest, because when the price grew unexpected it's said that the growth is temporary but now the increase has been continuing.

Yes its really a good time to buy bitcoin. Because bitcoin price will rise up very soon. People are now awareness of bitcoin and countries are also now trading and thinking to accept the bitcoin with this I think the price will be doubled than the current price. So buying bitcoin is much more better way to make a huge profit through bitcoin.

[romero121]

With bitcoin the profiting is something assured, because even after price falls it will increase in a short or long. What we need to have is patience to grab the profit. With ethereum everything is new, so it can be a bubble or a real growth but the profiting is possible which is bit risky than bitcoin. Based on this it's good for users to make decisions on their own analysing their requirements.

[Omega Weapon]

Right now, the prices are down because of the Bitcoin scaling issue. There is a good chance that this issue will be resolved in the near future. If that happens, then the prices will increase steeply. So keeping this in mind, I would advice you to purchase as many Bitcoins as possible. And right now, I can't make any predictions about Ethereum.

If the price of bitcoin is down because of scaling issue what about Ethereum and the rest of the other alt coins,all the markets are down,so what that means is that scaling is not the real issue and the market was on a bull run for a while and now people are booking their profits.Wait for some time to understand how the market is going and then take the decision to purchase the coins.

Things have gotten more stable but it seems the crypto currencies as whole have lost more than 15 billion dollars with the latest dump which is a lot, the dump has affected altcoins a lot more than bitcoin for the simple reasons the altcoins were the ones that pumped the hardest in the previous six months, so this was a correction that was needed.