Jashhh (OP)
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February 05, 2018, 10:31:17 PM |
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I'm trying to figure out a right time to buy some more bitcoin. I'm having trouble deciding.
Would you buy right now (price over 7K USD) or wait to see if you can get it much cheaper?
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Bitophile
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February 05, 2018, 10:33:30 PM |
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I would say to start buying in small quantities, so you are covered if price moves in either direction (nobody knows which direction it is going to go for sure)
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cha145
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February 05, 2018, 10:37:31 PM |
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It "looks like" the price kinda stabilized between 7050 - 7300 $. "Could" go up from here. Could also go down a little bit more, but I think we have nearly reached the bottom for this years low. Just my opinion god knows what will happen...nah not even him.
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jinxing
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February 05, 2018, 10:41:36 PM |
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Do not wait for lower prices. Better to do it from now on we can not predict when the price will be lower again. For example the price does not go down and keep going up when you will buy and invest. So do as early as possible and do not delay anymore. In the business there must be a name of inflation and deflation now, so we must be faster to take decisions and do not delay anymore.
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vhooloo
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February 05, 2018, 10:44:11 PM |
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It's better to buy bitcoin than alt coin or stocks. Bitcoin is going to reach bottom very soon and stabilize around 7k. It should be 20k by March or April.
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marjil
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February 05, 2018, 10:49:38 PM |
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Do not wait for lower prices. Better to do it from now on we can not predict when the price will be lower again. For example the price does not go down and keep going up when you will buy and invest. So do as early as possible and do not delay anymore. In the business there must be a name of inflation and deflation now, so we must be faster to take decisions and do not delay anymore.
This is exactly what so many people were saying when it reached $14.5k (after it had peaked at around $19k). When it went to $11.5k again so many people were saying it couldn't go any lower. Same again when it fell to $9k. Now the same comments again at $7k. Clearly you cannot tell the bottom of the cycle. If you really want to buy bitcoin now I'd say do it in chunks. So if you have $100k to invest, buy $10k now, wait for a bit and see what happens, then after prices reach a new plateau buy a bit more and keep going. It'll be less risky that way and will allow you to take advantage of different market movements as you go along. |
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otrkid70
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February 05, 2018, 10:56:11 PM |
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I'm trying to figure out a right time to buy some more bitcoin. I'm having trouble deciding.
Would you buy right now (price over 7K USD) or wait to see if you can get it much cheaper?
The rides not over yet. I would wait to buy. I think the floor is at $3k Too much Negative News hammering BTC prices right now. I'm all into Alts right now even though they are dropping with the price of BTC They are alot more stable. |
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imapessimist
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February 05, 2018, 10:57:21 PM |
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Wait for a lower price I would say. But I am only a mere newby with no points. And told earlier I must read a dictionary. But in the end it's up to you.
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Jackblack90909
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February 05, 2018, 10:59:23 PM |
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If you are looking to hold for long term, you can buy now, because the actual price is low, and the price is not guaranteed to keep dropping down, it can increase again in the near future . So even buying now is profitable, because the price will go up sooner or later, and this way you generate good profit.
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Washball
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February 05, 2018, 11:03:26 PM |
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But now, It's now or never. Bitcoin will not drop lower than this. All the FUD is over now, bitcoin has dropped and now it will rise again. G20 regulations will be mild, so nothing to worry about. Bitcoin could reach 50K this year.
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imteaz
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February 05, 2018, 11:07:43 PM |
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I personally believe, this is the right time to buy. Bitcoin price might go down to $5k but i would say start buying now. But if i had money, i would but Ether instead of bitcoin.
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cxt07
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February 05, 2018, 11:08:49 PM |
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I would not buy anything for 2 days, it will be interesting to see how the market reacts to the USA congress hearing tomorrow, we could see a large dump sending BTC down into the low 5k range
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mcguire1905
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February 05, 2018, 11:09:00 PM |
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I'm trying to figure out a right time to buy some more bitcoin. I'm having trouble deciding.
Would you buy right now (price over 7K USD) or wait to see if you can get it much cheaper?
I think it's probably going to keep dropping. But, if you have the money to spare, you could buy a bit now and then keep purchasing a bit more over a period of time. It's called "Dollar Cost Averaging": By dividing the total sum to be invested into equal amounts at regular intervals in hopes to reduce the risk of incurring a substantial loss resulting from investing the entire "lump sum" just before a fall in the market. |
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Boov
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February 05, 2018, 11:11:22 PM |
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I'm trying to figure out a right time to buy some more bitcoin. I'm having trouble deciding.
Would you buy right now (price over 7K USD) or wait to see if you can get it much cheaper?
The better choice is to buy now and hold it i am pretty sure that on the next few days or weeks Bitcoin price will go rise again . So do not wait for the price to go more lower the best time to buy is now . Just trust and be patience Bitcoin will rise again . But the decision is yours to made but for me the best time to buy is now sooner or later i am sure that Bitcoin price will have stability and many will be going demand it. |
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BossMacko
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February 05, 2018, 11:11:53 PM |
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I prefer to buy now than to wait for the price to become lower because there is a possibility that whales takes this opportunity to buy or hoard Btc and if they do price will surely go up so Buying now is also a good move to make profit in the future. You just need to trust your own instinct.
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tanoe
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February 05, 2018, 11:16:02 PM |
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If you believe the price will go down, you should buy the cheapest price. That's when you're sure. But my advice, buy with the current price is not a bad choice. and best of all, be wise to use your fiat money to buy this highly volatile currency.
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CryptoStake
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February 05, 2018, 11:16:25 PM |
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I think this is the best time to buy Bitcoin, the price has dropped considerably and this is an opportunity to buy Bitcoin at a low price.
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Excellence91
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February 05, 2018, 11:17:43 PM |
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This is the best time to start buy bit by bit...
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Monta3002
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EndChain - Complete Logistical Solution
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February 05, 2018, 11:17:53 PM |
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I'm trying to figure out a right time to buy some more bitcoin. I'm having trouble deciding.
Would you buy right now (price over 7K USD) or wait to see if you can get it much cheaper?
You can still buy at this point just don't forget to put your stop loss because market is not yet stable and there could be an attack at anytime. Price is cheaper but you need to do long term holding |
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theblack_cat
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February 05, 2018, 11:18:46 PM |
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all depends on yourself actually because every value of the cheap price is different from one to another but in my opinion the price of bitcoin or altcoin average has experienced a very sharp decline so it is right to buy it now
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