1 BTC = $7,992.71 should i buy and wait or

[give]

1 BTC = $7,992.71 is it now the right time for a person to buy bitcoins and keep to earn more profits OR i still have to hold?

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[odolvlobo]

1 BTC = $7,992.71 is it now the right time for a person to buy bitcoins and keep to earn more profits OR i still have to hold?

Asking for investment advice from random strangers on the internet is a mistake. You don't know why they are giving you those answers and you don't know if their answers are any good.

In general, if you don't know what to do, then you should avoid investing until you do know what to do. In other words, get out now before you make a big mistake and try again later.

[thefaucetrunner]

I don't think there is a bad time to buy below $10k... or even above. It's possible that BTC will drop to $6k, but if you truly believe that it will rise in the long-term and if you are buying for the long-term, none of this matters.

[Muzika]

1 BTC = $7,992.71 is it now the right time for a person to buy bitcoins and keep to earn more profits OR i still have to hold?

For me it is a good time but i also will say it is not the right because we cant say how the market will respond over the hour so it can go upward or downward so in your decision you can buy now and if the price goes up good for you but if the price goes down you should hold it until the price goes up again or do a small time trading for you to earn even a little.

[The Sceptical Chymist]

Asking for investment advice from random strangers on the internet is a mistake.

Hear, hear.  I would also mention that Economics is the wrong section for this.  OP ought to move it to Speculation or Trading Discussion.

And bitcoin now is a good buy IMO.  I just wrote in another thread that I think we're going to go up from here within a few months--of course I am not certain about this, but bitcoin has been stalled for a while and what usually happens is a pop after the market comes back to life.  I highly doubt we're going to go down at this point.

[btctestcolets]

Well, its up to you if you have enough money to invest $7,992.71 is already a right value to start buying because it can not happened again to low down the value of coin in a market to $6,000 plus as the capitalism are whales arr already dump. Which is the flow today is normal trends.

[turkandjaydee]

1 BTC = $7,992.71 is it now the right time for a person to buy bitcoins and keep to earn more profits OR i still have to hold?

Asking for investment advice from random strangers on the internet is a mistake. You don't know why they are giving you those answers and you don't know if they are any good.

In general, if you don't know what to do, then you should avoid investing until you do know what to do. In other words, get out now before you make a big mistake and try again later.

Nah, don't follow the answer but read / see the reason behind the answer first, if there is no reasonable answer, just skip it.

[bangkit tri]

i think you can buy it gradually, unless you are sure of the analysis you have planned. but i think btc will decrease again until in the area of ​​$ 6500, this is only my analysis, because the area there is support

[hugeblack]

1 BTC = $7,992.71 is it now the right time for a person to buy bitcoins and keep to earn more profits OR I still have to hold?

Looking at the cryptocurrency price when investing is a bad option, often losing your money.
Read more news and try to understand how the price moves up or down.
When you gain experience, you will be able to profit if the price goes up or down.
What to do if price rises? When will you sell? When will you cut your losses?
Getting clear answers to these questions will help you

[cherrymobile]

1 BTC = $7,992.71 is it now the right time for a person to buy bitcoins and keep to earn more profits OR i still have to hold?

You should buy. See. Thats is the best price for.bitcoin. bitcoin.will pump again soon you should buy now or you will regret soon. I know you should take the risk cause those all those risk takers are billionaire now. And now think about it.you take the risk and thanks me later

[waitforme]

1 BTC = $7,992.71 is it now the right time for a person to buy bitcoins and keep to earn more profits OR i still have to hold?

Asking for investment advice from random strangers on the internet is a mistake. You don't know why they are giving you those answers and you don't know if they are any good.

In general, if you don't know what to do, then you should avoid investing until you do know what to do. In other words, get out now before you make a big mistake and try again later.

Strangers on the Internet can give damn advice, but there are a lot of people who can offer excellent advice to him.
I can say that this market is a big question mark, not the worst moment and the best moment. Today could be a sad day, but it was a better day than yesterday. The decision was his and he made his own choice.

[CherRic]

1 BTC = $7,992.71 is it now the right time for a person to buy bitcoins and keep to earn more profits OR i still have to hold?

I believe that this is also a good moment to buy bitcoin because the price is quite lower than the 10,000$. If you could have the ability to buy a higher fractions, then it would be better. Then just keep on holding it until the price will go up again.

[emanjun]

1 BTC = $7,992.71 is it now the right time for a person to buy bitcoins and keep to earn more profits OR i still have to hold?

Asking for investment advice from random strangers on the internet is a mistake. You don't know why they are giving you those answers and you don't know if they are any good.

In general, if you don't know what to do, then you should avoid investing until you do know what to do. In other words, get out now before you make a big mistake and try again later.

Precisely. If I were you I will have my own deep research on how to invest well so that you can avoid a big loss. There is a big disadvantage to you if you ask a help from a strangers because we dont know their real intention why they give you that advice.

[DJCanh]

Wait
In last few months BTC don't show a big increase
And show more fall, then rise

[chrisculanag]

Its up to you whether you want to buy or your waiting for the more dump . Don`t ask the other about that just make some research or looking in the graph is very helpful in that situation . But for me if i buy it and hold it and wait for the big pump. Don`t underestimate the bitcoin , they don`t know what is the best price that bitcoin got. So hold and be humble .

[hermae]

1 BTC = $7,992.71 is it now the right time for a person to buy bitcoins and keep to earn more profits OR i still have to hold?

Asking for investment advice from random strangers on the internet is a mistake. You don't know why they are giving you those answers and you don't know if they are any good.

In general, if you don't know what to do, then you should avoid investing until you do know what to do. In other words, get out now before you make a big mistake and try again later.

Precisely. If I were you I will have my own deep research on how to invest well so that you can avoid a big loss. There is a big disadvantage to you if you ask a help from a strangers because we dont know their real intention why they give you that advice.

I agree. Each of us have different views and intentions, it may be good or bad. I think before doing any step, you should carefully study it. Make a lot of research rather than asking for a stranger's opinion. Anyway, the final decision should be based on your own perspective.

[senin]

1 BTC = $7,992.71 is it now the right time for a person to buy bitcoins and keep to earn more profits OR i still have to hold?

The current price of bitcoin is not bad for its purchase. In any case, as if now bitcoin itself did not lead in the price plan, you can wait until that moment, until it rises above this price. Now very promising for investments is also ethereum. These two coins always stand at the head of the entire crypto currency.

[Dreamchaser21]

1 BTC = $7,992.71 is it now the right time for a person to buy bitcoins and keep to earn more profits OR i still have to hold?

Asking for investment advice from random strangers on the internet is a mistake. You don't know why they are giving you those answers and you don't know if their answers are any good.

In general, if you don't know what to do, then you should avoid investing until you do know what to do. In other words, get out now before you make a big mistake and try again later.

That's true its very risky to depend on the strangers advice on when to buy bitcoin because there is no supporting analysis on that. People can easily tell you to buy but you as an educated investor must make effort to confirm the trend so you cannot lose the money you work for. The best time to buy bitcoin is when you make your own analysis as your basis on your decision.

[Nerman]

1 BTC = $7,992.71 is it now the right time for a person to buy bitcoins and keep to earn more profits OR i still have to hold?

Asking for investment advice from random strangers on the internet is a mistake. You don't know why they are giving you those answers and you don't know if their answers are any good.

In general, if you don't know what to do, then you should avoid investing until you do know what to do. In other words, get out now before you make a big mistake and try again later.

I agree, first no one will be able to predict the future. Also each person have different read on their charts, as well as they have different strategy and profit margin. If I were you since it seems you do not know how to read charts just buy some Bitcoin then just hold it for a long time.

[uray]

1 BTC = $7,992.71 is it now the right time for a person to buy bitcoins and keep to earn more profits OR i still have to hold?

Considering the current market situation it is not a bad buy either if you are planning to hold for a year or you could even earn a couple of thousand dollars when the market recovers and propel back to $10k, another important thing is that when it comes to investment, you should not listen to anyone if you want to be successful as an investor, you need to have your own conviction. 

[expertofexperts]

A good time to buy and sell it when its 10k. this is range its moving in

[Twentyonepaylots]

1 BTC = $7,992.71 is it now the right time for a person to buy bitcoins and keep to earn more profits OR i still have to hold?

Asking for investment advice from random strangers on the internet is a mistake. You don't know why they are giving you those answers and you don't know if their answers are any good.

In general, if you don't know what to do, then you should avoid investing until you do know what to do. In other words, get out now before you make a big mistake and try again later.

I agree, first no one will be able to predict the future. Also each person have different read on their charts, as well as they have different strategy and profit margin. If I were you since it seems you do not know how to read charts just buy some Bitcoin then just hold it for a long time.

Wow, this something new on the treed, Bitcoin investment something we should be more careful about, yes, it is your decision to make on whether or not you put in your investment while the price value is dropping, but the more careful analysis, market research is needed before you make such move, maybe it is a right timing to buy Bitcoin with this low price as posted on the wall yet, i would advise that if do so, buy on the legitimate account, do not simply relay on the one posted on the wall, remember there are a lot of scammer are the crypto currency treed, fraying on the possible investor with a limited know how on the Bitcoin market trading..pls. be careful before you make your final decision.

[EnricoGomez]

Only cash your bitcoin earnings out when you actually need money so bad, if not then simply don't.
The value of bitcoin is expected to grow on the passing years and it will be a significant profit for early users - just look at the charts on the introduction of crypto vs what it is now and you bet it made quite a lot of investors in 2009 instantly rich.

[genixye]

I think it's a good time to buy, the lowest price for bitcoin this year is $6,000, and obviously there's no chance to buy it now. I believe bitcoin will grow substantially in the coming months.

[Lorence.xD]

1 BTC = $7,992.71 is it now the right time for a person to buy bitcoins and keep to earn more profits OR i still have to hold?

Considering the current market situation it is not a bad buy either if you are planning to hold for a year or you could even earn a couple of thousand dollars when the market recovers and propel back to $10k, another important thing is that when it comes to investment, you should not listen to anyone if you want to be successful as an investor, you need to have your own conviction. 

An investors decision before putting in his possible investment for Bitcoin, would required an in deep analysis of the market movement on crypto currency trading, the amount involved for possible investment on Bitcoin project, yes, the price value on the market, the fundamentals, its is for long term or short term investment. Maybe it is a good idea now to invest while the Bitcoin price value is low, but i would suggest that before you make such final decision for investment on Bitcoin, check all legitimate acct. as posted on the wall before you make a final arrangement for such investment, be careful on the scammer on the crypto currency market treed.

[harizen]

1 BTC = $7,992.71 is it now the right time for a person to buy bitcoins and keep to earn more profits OR i still have to hold?

It's up to you, take the risks and move forward or feel regret.

In putting money on bitcoin, you have to understand the risks. If your goal is to just acquired bitcoin or to the point that you really want to accumulate more no matter what and plan to hold it for long, then just buy if you afford to spend money at a certain price level.

It's still way more better if you bought at a certain price level then price decrease later on rather than force yourself to buy at even more high price since the goal is just the same.

[arin_muah]

1 BTC = $7,992.71 is it now the right time for a person to buy bitcoins and keep to earn more profits OR i still have to hold?

It's up to you, take the risks and move forward or feel regret.

In putting money on bitcoin, you have to understand the risks. If your goal is to just acquired bitcoin or to the point that you really want to accumulate more no matter what and plan to hold it for long, then just buy if you afford to spend money at a certain price level.

It's still way more better if you bought at a certain price level then price decrease later on rather than force yourself to buy at even more high price since the goal is just the same.

this takes the courage to take decisions in the opportunities that exist, sometimes people still think twice to take good chances.and bitcoin price right now is cheap enough to buy.good opportunity now.

[mstfprcn]

the first support poin is around 7800 usd, if it will be crashed 7200 is possible area for support, but i dont think it will crush 7800, because this support seems very strong and bounce will be possible.

[spongegar]

1 BTC = $7,992.71 is it now the right time for a person to buy bitcoins and keep to earn more profits OR i still have to hold?

Asking for investment advice from random strangers on the internet is a mistake. You don't know why they are giving you those answers and you don't know if their answers are any good.

In general, if you don't know what to do, then you should avoid investing until you do know what to do. In other words, get out now before you make a big mistake and try again later.

I guess this person's post is right butbthen again I'm giving you an advise because we need more people holding on to their coins. The answer to the OPs question is yes. You could still buy now because the trend is still going up. We still have 2 more quarters to see profit from and buying now would be profitable in the next couple of weeks.

[anad98]

For a short term investor its a downtrend as consolidation is taking place from last few days. This can be proved that market capitalization is continuously falling. At present it is $ 355 billion which has fallen from $ 460 billion in few days. So its better to wait for an uptrend and then enter in it. though in long run period if you want to hold for more than a year you can enter it as the value is near to its minimum of last month, somewhere around 6000. Still there is chance for improvement in prices and technical analysis tools are also not in the positive directions. So as of now Wait!!!!!!!!!!!!!!!!!!!!!!!!!!!

[ralle14]

If i'm you and I don't mind losing more money i'll buy some bitcoins at this price it's not a bad idea to buy now knowing that the price is starting to go down it could still continue in the next following days but looking at the good side you're getting slightly more bitcoin than before. You can buy slowly or bit by bit if you have a feeling that the price would go down even further. A lot of users here are saying it's up to you which I also agree just don't take every reply too seriously here.

[Harlot]

1 BTC = $7,992.71 is it now the right time for a person to buy bitcoins and keep to earn more profits OR i still have to hold?

Considering the current market situation it is not a bad buy either if you are planning to hold for a year or you could even earn a couple of thousand dollars when the market recovers and propel back to $10k, another important thing is that when it comes to investment, you should not listen to anyone if you want to be successful as an investor, you need to have your own conviction. 

Yes it is not a bad buy right now but I don't think it is a good idea on buying Bitcoin at random prices as you are considering that it is cheap in your mind. Remember if you are looking at Bitcoin as an Investment buying Bitcoin at any price is a dumb suggestion, I know you got that idea from the "dollar cost averaging" technique but to tell you the truth it is a dumb technique as you are not able to maximize your capital by buying Bitcoin at any price. If you want to Buy Bitcoin you must always consider buying it near the support which in this case is 7,700$ and the next will be 7,400$ by buying it near the support you are giving yourself a margin of safety for your investment.

[olubams]

1 BTC = $7,992.71 is it now the right time for a person to buy bitcoins and keep to earn more profits OR i still have to hold?

Currently, the price is even trading at the early part of $7900s which means it has gone further and if you had waited a little, you would have save $90 equivalent if you are still interested to buy. The question you need to ask yourself and anyone in the same dilemma is that, who will be responsible for the outcome of my decision, the moment you know its going to be you totally, then taking the decision should not be too hard to figure out at all.

[Dimon8]

I think that today a good time to buy btc. The market is with the consolidation, the main crypto currency graphically show range.

[Slash61]

But for me there is no harm now also buy, if it is for long-term investment because it will not be long again we immediately back up, just as you take advantage of this situation by buying again Bitcoin and other people do the same, if you want to buy and then buy it , but a fall in prices can still happen, but since many others are talking it will be back in a few months, do not make your head a little depressed.

[Regenmacher]

Next important mark is $7200, if it drops lower it can go anywhere up to $5k. So, you can wait a bit and watch the trend. If it goes up above 8-8.5k, buy, all you lose it not more than 5-7%. Or just buy now with no risk and headache, price is ok

[Ararbermas]

1 BTC = $7,992.71 is it now the right time for a person to buy bitcoins and keep to earn more profits OR i still have to hold?

if you gain enough profits on it then it's up to you if you want to dump and buy again when the value decrease more, or continue holding to obtain more profits when the growth rate of bitcoin stabilize .again..  Its up you mate but always bear in mind that the market is very volatile and no one can predict on it, so make some technical analysis first before doing anything such buying and selling in a right time to prevent regrets at the end .

[onebtcforlife]

Next important mark is $7200, if it drops lower it can go anywhere up to $5k. So, you can wait a bit and watch the trend. If it goes up above 8-8.5k, buy, all you lose it not more than 5-7%. Or just buy now with no risk and headache, price is ok

Your calculation is completely wrong even if it goes below to 7200$ and it is the right time to buy the bitcoin. Any price below $10k is always the right choice to invest in bitcoin without any problem.

[Question123]

From $8000 plus to that price I think it is good time to buy more bitcoin because they have chance to see again the price become $8000 or upto 10k dollars. But it's your choice if you want to buy more bitcoin this day or wait. Don't be panic because if you do that the price decrease more again and that's not good to us. Hold more bitcoin and you will get more money.

[expertofexperts]

Its perfect time to buy and wait for it to swing back to 9500$, then you can sell it and earn good profit.

[1Referee]

Next important mark is $7200, if it drops lower it can go anywhere up to $5k. So, you can wait a bit and watch the trend. If it goes up above 8-8.5k, buy, all you lose it not more than 5-7%. Or just buy now with no risk and headache, price is ok

$5000 is quite on the lower side and would indicate a serious drop in demand since it will break through several bottoms.

Main bottom is still what I believe to be ~$6000 that we marked back in February.
Main main MAIN bottom is ~$5600 that we marked last year.

Regardless of the price jumping up and down, long term speaking higher bottom development indicates growth, it's just that the upper (speculative) layer isn't really convincing, and it shouldn't be without anything interesting for people to jump on. In other words, the market is still going up, but not in the speculative way people like to see it go up.

My bottom development structure;

level 1 ~$5600
level 2 ~$6000
level 3 ~$6400
level 4 ~$7000 (in progress)

The gap between level 3 bottom and current price is ~$1400 so we have plenty of more room for downward force. It doesn't mean we will be going down that much, but we have some breathing room.

[bitbunnny]

I say to buy. It's the perfect time to.use the current price correction.
I don't think the price will go much lower, actualy to.my prediction the bottom price at this correction shouldn't go lower than 7000$.
Despite some earlier predictions obviously the moment still isn't right for some further growth but in the upcoming period we might see Bitcoin pricr swinging somwhere between 7000$ and 9000$.
I just hope we will not see some massive panic selling.

[Aristus]

1 BTC = $7,992.71 is it now the right time for a person to buy bitcoins and keep to earn more profits OR i still have to hold?

Or if you can with for a little while because it will decrease more than that. But if you can not wait that you can even buy now because what matters is, the price now is at the perfect position to buy, such price is enough when btc will move for making a come back up to $10k. If $10k reach from $7,992.71 this is already a success for you.

[Kemarit]

1 BTC = $7,992.71 is it now the right time for a person to buy bitcoins and keep to earn more profits OR i still have to hold?

LOL. If you have the funds ready then you should go for it and don't wait till some "experts" here says that it will still bottom.  Its already below $8000 so this is a perfect buying point. The price is very fragile that tomorrow might be a day that it will bounce back and recover above $8000 mark.

1 BTC = $7,992.71 is it now the right time for a person to buy bitcoins and keep to earn more profits OR i still have to hold?

Or if you can with for a little while because it will decrease more than that. But if you can not wait that you can even buy now because what matters is, the price now is at the perfect position to buy, such price is enough when btc will move for making a come back up to $10k. If $10k reach from $7,992.71 this is already a success for you.

What if it doesn't go below the current price? As I have said, no need to wait, its another perfect opportunity being offered by the market, why not take your chance and see how it goes for you in the next couple of days?

[olumyd]

Its perfect time to buy and wait for it to swing back to 9500$, then you can sell it and earn good profit.

It's quite uncertain when the bearish trend will end, this has been going on for almost 3 weeks. If anything, I would suggest you wait till this weekend, when the price must be a lot lower than your $7k.

[Altcoins enthusiast]

The price of bitcoin has gone below were you thinking you should buy and I think you should wait a little as bitcoin may go below $7000 before end of this week.  We are to find out the common ground were we would see another upwards movement and by then buy.

[bitcad4u]

1 BTC = $7,992.71 is it now the right time for a person to buy bitcoins and keep to earn more profits OR i still have to hold?

Now the price is reduced further more.The value of bitcoin equivalent to dollar is 7530$,this is the lowest price of this month.Personally I think this will be the good time to inverse in bitcoin.We know the price will reach back to 9000$ , before this month.The new traders should hold the bitcoin with some patience.

[Zicadis]

1 BTC = $7,992.71 is it now the right time for a person to buy bitcoins and keep to earn more profits OR i still have to hold?

Price has certainly gone below the quoted price and I think you could buy some now because bitcoin has done this before and recovered

and afaik this won't be the first or last time it will dip. FYI after the dip comes recovery so you need to buy before tables turn and go over $8000.

[stompix]

the first support poin is around 7800 usd, if it will be crashed 7200 is possible area for support, but i dont think it will crush 7800, because this support seems very strong and bounce will be possible.

And 12 hours later ....
When it goes down, BTC doesn't mess with a few hundreds

Next important mark is $7200, if it drops lower it can go anywhere up to $5k. So, you can wait a bit and watch the trend. If it goes up above 8-8.5k, buy, all you lose it not more than 5-7%. Or just buy now with no risk and headache, price is ok

Sorry but out of pure curiosity, why is 7200 so important and why after this it's straight to 5k?
We've been in this scenario before and it got stopped at 6k, why now it's straight to 5k?
Assuming you have TA for those claims and you're not pulling those numbers out of you know where

Next important mark is $7200, if it drops lower it can go anywhere up to $5k. So, you can wait a bit and watch the trend. If it goes up above 8-8.5k, buy, all you lose it not more than 5-7%. Or just buy now with no risk and headache, price is ok

Your calculation is completely wrong even if it goes below to 7200$ and it is the right time to buy the bitcoin. Any price below $10k is always the right choice to invest in bitcoin without any problem.

And I thought that any price below 11 451 $ was a great deal.
Oh boy, whenever there are huge price swings the speculation board is getting so damn funny

[bocyaj]

1 BTC = $7,992.71 is it now the right time for a person to buy bitcoins and keep to earn more profits OR i still have to hold?

Nearly a week ,bitcoin in the value of 8200$.Now  the price is reduced to the price of 7000$.This momentum,makes many new people involved of bitcoin mining and trading.Buy some bitcoin,before it reach the price of 9600$.Your investing now will increase and profit from it increases  .

[batang_bitcoin]

Down to $7,500 so what do you think now?

Decide for yourself if it's a good time to buy but no more clues, man it's a very good time to buy now. Holding some of your bitcoin and while you can't sell them anyway, you have to hold it until the market fully recovers from the usual price you bought those coins.

Where is kwukduck? he should counter this swing.

[creeps]

Bitcoin may go down upto $7k so wether you wait for more dump or you buy today you can actually make good money in short term because bitcoin will bounce back for sure and expect it to hit $10k level again.

[KorakPawon]

1 BTC = $7,992.71 is it now the right time for a person to buy bitcoins and keep to earn more profits OR i still have to hold?

Asking for investment advice from random strangers on the internet is a mistake. You don't know why they are giving you those answers and you don't know if their answers are any good.

In general, if you don't know what to do, then you should avoid investing until you do know what to do. In other words, get out now before you make a big mistake and try again later.

why do you say it is wrong if in a forum aim to discuss and give input to each other useful things related to digital currency chances are he is a beginner so he need to ask and need to get advice or input from others who have more invest in field this. No big deal if we share information and knowledge to be useful for others.

[karanggatak]

I still hold up to now, but if you have sold it at $7,992.71 I think it's good enough for now, you can get enough profit if you want to buy back bitcoin. but if the hold is still good bitcoin at this time because in my opinion the current down-tren is only temporary, bitcoin future will return bullish.

[nl247]

i think you can buy it gradually, unless you are sure of the analysis you have planned. but i think btc will decrease again until in the area of ​​$ 6500, this is only my analysis, because the area there is support

A pretty good option here for anyone who is not sure of when to buy. It is a good buy though, but it is a volatile market and no one simply knows how the market will turn in any minute. To be a bit on the safer side, and as long as the OP understands the level of volatility of the market he is getting into, he can simply just take some percentage of what he has to buy some now, see how the trend is, if the trend ends up switching upward, he can look at the sentiments, and see if he should buy more and if the market goes lower, definitely a sweeter chance to buy more.

[el kaka22]

If you want to buy, you can buy and stop asking. No one knows the answer to the question you are asking except yourself. We cannot tell what the future holds, but we can believe in what the long term may at least for those who are buying now and holding no matter what. Moreover, you are far at more advantage than those who have bought at the peak and still holding till date. Buy now, of it goes lower, and you still have cash at hand, you can buy more. Focus on the long term as long as you are trader, and stop fixing your mind on the short term.

[salintheonline]

i think you should wait few days,i guess it will drop close $7500 next few days.

[jadenunderhill]

i think you should wait few days,i guess it will drop close $7500 next few days.

$6 500 in the best case

[buwaytress]

$5000 is quite on the lower side and would indicate a serious drop in demand since it will break through several bottoms.

Main bottom is still what I believe to be ~$6000 that we marked back in February.
Main main MAIN bottom is ~$5600 that we marked last year.

Regardless of the price jumping up and down, long term speaking higher bottom development indicates growth, it's just that the upper (speculative) layer isn't really convincing, and it shouldn't be without anything interesting for people to jump on. In other words, the market is still going up, but not in the speculative way people like to see it go up.

My bottom development structure;

level 1 ~$5600
level 2 ~$6000
level 3 ~$6400
level 4 ~$7000 (in progress)

The gap between level 3 bottom and current price is ~$1400 so we have plenty of more room for downward force. It doesn't mean we will be going down that much, but we have some breathing room.

So basically, there is no real bottom if they are all mains!;)

Just as there are no real tops. Personally, if you're thinking to wait for dips to take profit on recoveries then any time now is still a good buy, only that every new main bottom breached adds a month to recovery wait.

Bitcoin is really playing out its consolidation phase this quarter, and at breathtaking pace as usual. We've thrown out double bottoms, higher lows suddenly replaced by floor revisits.

White knuckles for a good many months, my friends.

[Slow death]

1 BTC = $7,992.71 is it now the right time for a person to buy bitcoins and keep to earn more profits OR i still have to hold?

how much time do you know about bitcoin? you saw that the price was $ 8,500 and you also saw that the price has already reached very high prices and low prices, you buy now and hold per year if you want to make huge profits and not having headaches because you are controlling the price every day. This is a long term investment and have enormous benefits for people who buy and hold for years.

PS: Do not make loan to buy bitcoin and altcoin

if you don't know what to do, then you should avoid investing until you do know what to do.

well I think he knows, just wants to know if the price will not fall even further.

[gabmen]

$5000 is quite on the lower side and would indicate a serious drop in demand since it will break through several bottoms.

Main bottom is still what I believe to be ~$6000 that we marked back in February.
Main main MAIN bottom is ~$5600 that we marked last year.

Regardless of the price jumping up and down, long term speaking higher bottom development indicates growth, it's just that the upper (speculative) layer isn't really convincing, and it shouldn't be without anything interesting for people to jump on. In other words, the market is still going up, but not in the speculative way people like to see it go up.

My bottom development structure;

level 1 ~$5600
level 2 ~$6000
level 3 ~$6400
level 4 ~$7000 (in progress)

The gap between level 3 bottom and current price is ~$1400 so we have plenty of more room for downward force. It doesn't mean we will be going down that much, but we have some breathing room.

So basically, there is no real bottom if they are all mains!;)

Just as there are no real tops. Personally, if you're thinking to wait for dips to take profit on recoveries then any time now is still a good buy, only that every new main bottom breached adds a month to recovery wait.

Bitcoin is really playing out its consolidation phase this quarter, and at breathtaking pace as usual. We've thrown out double bottoms, higher lows suddenly replaced by floor revisits.

White knuckles for a good many months, my friends.

Well the thing here is that if you're not looking to cash out any time soon, it's not a bad idea to try and buy at any of these bottoms. Though possible, i think the levels of support you've indicated would already be hard to hit. I mean we can go to as low as below 6k of course but that would take extreme amounts of sell outs which is not likely to happen unless there's major fuds come along the way

[rickadone]

I don't think there is a bad time to buy below $10k... or even above. It's possible that BTC will drop to $6k, but if you truly believe that it will rise in the long-term and if you are buying for the long-term, none of this matters.

It totally all depends on each individual. As some may see it as a bad time, some will be seeing it as a good time, but that depends on how they perceive the market themselves generally. The problem is that a lot of them pretty much just think of the present moment every now and then and then they forget about the future benefit that they stand to gain.

One of the reasons we have a lot of weak hands in the market today is simply because they are not even sure of making decisions on their own.

[olumyd]

I don't think there is a bad time to buy below $10k... or even above. It's possible that BTC will drop to $6k, but if you truly believe that it will rise in the long-term and if you are buying for the long-term, none of this matters.

It totally all depends on each individual. As some may see it as a bad time, some will be seeing it as a good time, but that depends on how they perceive the market themselves generally. The problem is that a lot of them pretty much just think of the present moment every now and then and then they forget about the future benefit that they stand to gain.

One of the reasons we have a lot of weak hands in the market today is simply because they are not even sure of making decisions on their own.

I think one of the reasons weak hands still exist is still due to the overall blockchain enterprise's standardization and legality. Volatility isn't so much as scary as the former, people aren't sure if the next dip will be the last or if the pump due to FOMO would be a bad call too. But for now, buying for the long term should be anything below 10k indeed.

[Clemcout]

1 BTC = $7,992.71 is it now the right time for a person to buy bitcoins and keep to earn more profits OR i still have to hold?

Asking for investment advice from random strangers on the internet is a mistake. You don't know why they are giving you those answers and you don't know if their answers are any good.

In general, if you don't know what to do, then you should avoid investing until you do know what to do. In other words, get out now before you make a big mistake and try again later.

Simple! I wonder what people think anyway when they want to invest. This is a very volatile market and for the fact that the market has been trading pretty low should be enough for anyone with the understanding of the potential benefits for the future to take a step, knowing that buying now and sticking to it for the long run would be a plus for anyone who takes that step. A lot of people always look for advices or wait for lower price when they really do not know how to do that since they aren't traders.

[redsun114]

1 BTC = $7,992.71 is it now the right time for a person to buy bitcoins and keep to earn more profits OR i still have to hold?

For me it is a good time but i also will say it is not the right because we cant say how the market will respond over the hour so it can go upward or downward so in your decision you can buy now and if the price goes up good for you but if the price goes down you should hold it until the price goes up again or do a small time trading for you to earn even a little.

I wonder why someone would be seeing a good price like this and still ask if it is good enough to buy or not. No one can know how much or how low bitcoin will get and who knows, it may just bounce back from here.

The reason why a lot of people join FOMO is because they miss the bottom and while waiting for it to fall back lower, it just does not and at the end, they buy at the top and if luck just does not seem to get on their side, they always panic, make a mistake and sell at the bottom. Now is a good chance when the market is low.

[Morgann]

1 BTC = $7,992.71 is it now the right time for a person to buy bitcoins and keep to earn more profits OR i still have to hold?

I prefer on buying in that huge amount because the market is unpredictable and if the price will increase after a few months then you will not earn profit, just try to invest even a small amount when the market price is dumping.

[Wind_FURY]

OP, did you follow the advice of buying on the price of $7,900?

I was doing a quick browse on the thread and I see that some people thought that Bitcoin is near this year's lows. Including me. Hahaha.

[reliable]

OP, did you follow the advice of buying on the price of $7,900?

I was doing a quick browse on the thread and I see that some people thought that Bitcoin is near this year's lows. Including me. Hahaha.

Now it is down by 1000$ and also probably will not fall further from this levels as it is nearing now 7k. People who being waiting for the some fall here is an opportunity for them to start buying at cheaper rate before it starts becomes expensive again.

[Rrtt]

OP, did you follow the advice of buying on the price of $7,900?

I was doing a quick browse on the thread and I see that some people thought that Bitcoin is near this year's lows. Including me. Hahaha.

Now it is down by 1000$ and also probably will not fall further from this levels as it is nearing now 7k. People who being waiting for the some fall here is an opportunity for them to start buying at cheaper rate before it starts becomes expensive again.

With the support at $7K i doubt that it will go down further IMO but as we all know that nobody is an expert in predicting the price in the future. I myself has bought at this range but only a little and if it would go down further i would buy some more. OP should trust his instinct and not rely on the advises of people here that he even don't know.

[alex M]

1 BTC = $7,992.71 is it now the right time for a person to buy bitcoins and keep to earn more profits OR i still have to hold?

I prefer on buying in that huge amount because the market is unpredictable and if the price will increase after a few months then you will not earn profit, just try to invest even a small amount when the market price is dumping.

Yes, I agree. As of now it is already $1000 down of the quoted price, for me this is the right time to buy or invest on bitcoin. Maybe after this dip, another price increase will follow then. So better to grab this great opportunity to invest because buying and HODL is the best option at this moment.

[@alaji]

As at the current market value of Bitcoin it is better to invest now than the value you quoted above but no one can tell whether the decline trends will continue the is going.

[airdagon]

for what it's worth, but today is a great time to buy bitcoin because the price has gone below $ 7,000 and this would be a great opportunity to make long-term investments in bitcoin.

[basyang]

1 BTC = $7,992.71 is it now the right time for a person to buy bitcoins and keep to earn more profits OR i still have to hold?

Well, for me its a yes. As long as the bitcoin price is at the low price it is a right time to buy bitcoin and it is a good for investments. Who knows suddenly bitcoin will increase its price and you are lucky because you buy bitcoin before its goes rise again. After you buy just hold it and wait and see when the bitcoin become high price. Its an advance for you because it has a posibility that you can earn a big amount of money. But it depends to you if you really wanted to buy bitcoin at a low price or just hold your coins in your wallet, but I am sure that manh of us will recommend that you should buy now.

[dragunfly]

1 BTC = $7,992.71 is it now the right time for a person to buy bitcoins and keep to earn more profits OR i still have to hold?

The current price of bitcoin is not bad for its purchase. In any case, as if now bitcoin itself did not lead in the price plan, you can wait until that moment, until it rises above this price. Now very promising for investments is also ethereum. These two coins always stand at the head of the entire crypto currency.

Well it depends on what you mean by saying not bad. It broke the trend line quite hard, so it is probably going to go lower now. Actually sold a part of my btc investment for usdt not a long time ago, expecting the price to go to at least 6.5k now.

[Ngemmeng]

it depends on how long you will be holding, if you want long term investment then now is the right time to buy.
at least you have to hold until the end of the year to get the maximum profit.

[Denker]

for what it's worth, but today is a great time to buy bitcoin because the price has gone below $ 7,000 and this would be a great opportunity to make long-term investments in bitcoin.

Yepp.
Averaging in right now for instance can be a really good strategy. Buy today for 50 or 100 bucks and a few days again, if you for instance want to invest $1000.
Then next week again a few hundred bucks. Price may be a bit up or lower than now. It doesn't really matter. If you want to hold long terms, now is a great opportunity to get in or accumulate more. Forget about the trolls, fudsters and all the other distraction by the media or so called experts. In 1-2 years you will be the one with a big grin all over your face. 

[rickadone]

OP, did you follow the advice of buying on the price of $7,900?

I was doing a quick browse on the thread and I see that some people thought that Bitcoin is near this year's lows. Including me. Hahaha.

Now it is down by 1000$ and also probably will not fall further from this levels as it is nearing now 7k. People who being waiting for the some fall here is an opportunity for them to start buying at cheaper rate before it starts becomes expensive again.

With the support at $7K i doubt that it will go down further IMO but as we all know that nobody is an expert in predicting the price in the future. I myself has bought at this range but only a little and if it would go down further i would buy some more. OP should trust his instinct and not rely on the advises of people here that he even don't know.

I am not sure you have been following what has been going on or you are simply just trying to increase your post count. Support at $7k at the time you wrote this post? Jeez! I can bet you do not even understand what support and resistance means anyway and since you have been hearing that word you just decided to use it. For your information, bitcoin is trading below $7k and the main long term trend support has been broken as well.

Anyone who wants to go into a long term investment should buy irrespective of what happens as long as they cannot trade because no one can time the market and even traders do better when following trend.

[Latviand]

1 BTC = $7,992.71 is it now the right time for a person to buy bitcoins and keep to earn more profits OR i still have to hold?

Buying at this point would be a good idea as well as choosing to wait for the market value to fall even more. The bottomline is the orofit that the investors will soon earn once the market value of Bitcoin starts to increase. For now hold and wait. Also, avoid selling in order to avoid losing profit and regret. It is a normal phenomenon so patience is the only solution.

[HiringYou]

As you all know that a large drop has been observed in the price of Bitcoin.The current price of Bitcoin is near about 6,800$ which is very much lower than its all time high value.Now the question arises whether to buy or wait?According to me you should buy as much as you can and that too as soon as possible.This is because Bitcoin has the potential of recuperating from such drops.I am sure that it will soon bounce back from this drop and will rise to new heights.So take this price drop as an opportunity to invest in Bitcoin so that you can earn more profits in future.

[weblouartisan]

1 BTC = $7,992.71 is it now the right time for a person to buy bitcoins and keep to earn more profits OR i still have to hold?

The price might go lesser after a few months because right now it was down to $6k dollars, you can wait for the price to decrease even more but still there is no assurance if it will increase or decrease because the market is volatile.

[el kaka22]

OP, did you follow the advice of buying on the price of $7,900?

I was doing a quick browse on the thread and I see that some people thought that Bitcoin is near this year's lows. Including me. Hahaha.

Now it is down by 1000$ and also probably will not fall further from this levels as it is nearing now 7k. People who being waiting for the some fall here is an opportunity for them to start buying at cheaper rate before it starts becomes expensive again.

Looking at the beginning of this thread and everything everyone has been saying it is still very pathetically funny than anyone is not learning their lessons. No one knows anything that will happen next and whoever that cannot accept that should not be investing.

A lot of people said $7900 was the best and here we are a lot lower and then you are still giving an affirmative statement like you can read the future. The most important thing is to invest what you can afford to see reduce in value in a short period of time or buy more if it goes lower, in the long term, the value will increase anyway.