People are very cautious investing in Cryptocoins. I know some people are waiting for BTC price drops under $7,000 for them to invest in BTC. Are you also waiting for this moment?
Of course even major price correction is a perfect time to buy. Right now we are sinking and trading at around $8300. But if my memory serves me right, the last dip we see is around $5.5 - $6K, so its possible that we can go as low as $7K but we need to look at how the resistance at $8K will hold.
If it hold then for sure we are not going to as low $7K, so I would advise you to buy at the current price because for me its already cheap. You don't need to wait till the price goes to your expectation, otherwise if it didn't went your way, you already lose your chance to profit at the end.
Now the price is close to 7000, but I do not know what it is that obsession of some traders to enter at the absolutely lowest point of bitcoin, right now is a very good moment to enter the market everything is down and you can get almost all the major coins for a huge discount you cannot ask for a better entry point so it doesn't matter if you buy some hundred dollars above the lowest point of the market, the most important thing is that you get in at the right time and this is the right time.
