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

[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.