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Author Topic: When to buy Bitcoin. The price of the coin exceeded $ 6500  (Read 176 times)
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August 21, 2018, 10:40:22 AM
 #1


Over the past six days, the Crypto-currency has risen in price by 8%. Today, its rate may decrease, says CoinDesk analyst Omkar Godboul
On Monday, August 20, the average market rate of Bitcoin rose above $ 6500, after which it declined. Now the Crypto currency is trading at $ 6,480, August 14, its price was $ 5,980, over the past six days it has risen 8%. At the same time, the total capitalization of the industry grew by $ 27 billion.

According to the expert CoinDesk Omkara Godboula, in the near future the price of bitcoin should remain above the $ 6320 zone, otherwise the rate will again fall to the level of $ 6000. Then, the Crypto currency may fall to $ 5859 and $ 5755.

On the other hand, if the coin value can rise above $ 6595, it will reach the $ 7000 zone. Bitcoin will begin to recover gradually if it can consolidate above $ 7067. In the near future this is less likely than a negative scenario.
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August 23, 2018, 05:54:35 AM
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Over the past six days, the Crypto-currency has risen in price by 8%. Today, its rate may decrease, says CoinDesk analyst Omkar Godboul
On Monday, August 20, the average market rate of Bitcoin rose above $ 6500, after which it declined. Now the Crypto currency is trading at $ 6,480, August 14, its price was $ 5,980, over the past six days it has risen 8%. At the same time, the total capitalization of the industry grew by $ 27 billion.

According to the expert CoinDesk Omkara Godboula, in the near future the price of bitcoin should remain above the $ 6320 zone, otherwise the rate will again fall to the level of $ 6000. Then, the Crypto currency may fall to $ 5859 and $ 5755.

On the other hand, if the coin value can rise above $ 6595, it will reach the $ 7000 zone. Bitcoin will begin to recover gradually if it can consolidate above $ 7067. In the near future this is less likely than a negative scenario.
We all know that bitcoin is a volatile crypto currency and being volatile in nature its valuation keeps on flactuation with time so its valuation are subject to pump and dumps according to the market demand and supply so one needs not to worry about this deflated valuation because the time will come when the valuation will inflate again and this assumptions is also according to some financial experts and till then holding your bitcoins is the best solution.

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August 23, 2018, 06:19:48 AM
 #3


Over the past six days, the Crypto-currency has risen in price by 8%. Today, its rate may decrease, says CoinDesk analyst Omkar Godboul
On Monday, August 20, the average market rate of Bitcoin rose above $ 6500, after which it declined. Now the Crypto currency is trading at $ 6,480, August 14, its price was $ 5,980, over the past six days it has risen 8%. At the same time, the total capitalization of the industry grew by $ 27 billion.

According to the expert CoinDesk Omkara Godboula, in the near future the price of bitcoin should remain above the $ 6320 zone, otherwise the rate will again fall to the level of $ 6000. Then, the Crypto currency may fall to $ 5859 and $ 5755.

On the other hand, if the coin value can rise above $ 6595, it will reach the $ 7000 zone. Bitcoin will begin to recover gradually if it can consolidate above $ 7067. In the near future this is less likely than a negative scenario.

Definitely, the ups and downs movement of it's value is literally normal things to happen on it's system therefore when the value of it is lessen $7k we may considered it as a good range of value where in this the right time to invest into it. We can't actually predict how far it may be in the bottom range of value, maybe it will begin to rising up in the next few days so as of now this will be the best time for investment. Don't hesitate to invest now because for sure there will be the better product in the near future. Just remember that always keep patience so in the future we can able to reach our sweet success.   


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August 23, 2018, 06:43:21 AM
 #4

That's very true, recently the price of bitcoin began to slowly rise and this was the beginning of the rise of King Crypto, I see only bitcoin is starting to stabilize.
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August 23, 2018, 06:45:01 AM
 #5

I think buying bitcoin is stupid now. The price may fall lower especially if we take into account the deviation of bitcoin ETF today.

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August 23, 2018, 06:58:01 AM
 #6

Now is the right time to buy bitcoin, the market price is decreasing it is time for investors to seek profits.
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August 23, 2018, 07:22:28 AM
 #7

I think buying bitcoin is stupid now. The price may fall lower especially if we take into account the deviation of bitcoin ETF today.
Yeah! SEC rejects 9 Bitcoin ETF applications: from ProShares, Direxion, and GraniteShares. I think BTC can drop to 6. Interesting that, experts told that about growth last week!
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August 23, 2018, 08:29:44 AM
 #8

forget about trying to predict how high the next ATH will be
forget about trying to predict how soon the next ATH will be

instead realise the most important thing is to know what the LOW average is expected to be.

and here is a tip.. look at the cost of mining.

EG - back of an envelope math...
take 47exahash network hashrate, thats 47000000 terahash
an asic is 14trra (fixd number worth remembering)
so 47000000/14
so thats 3.3mill ASICS needed

imagine electric
at 6cents an hour (to cover 5cent/kwh at an asics 1.3kw (back of envelop rounded math)
0.06*3.3m
=$198k an hour /6blocks /12.5btc =$2640/btc for electric

imagiine unit cost
recent batch of $850 per asic and lastability is 1 year..
so lets break it down to an hour 850/365/24 = ill call it 10cents for back of envelop math
0.10*3.3m
=$330k an hour /6 blocks /12.5btc = $4400/btc for unit cost
total cost to mine= $7k/btc

final tip. miners dont sell coins on exchanges instantly as soon as they receive them
so sorry this math cannot predict prices to the minute.
no one can predict exact prices, exact dates
no one can predict how high a hype bubble the next ATH will be or when
no one can predict if or when prices will stay low or for how long

but it can guage roughly the low area/zone for the month
so take a months overview and take the lowst hashrate you see and the highest. to see the area/zone of break even
https://www.blockchain.com/en/charts/hash-rate?timespan=30days
37exa(28th july)-54exa (11th aug)

and look at the months low of 37exa and months top of 54exa.. you will see a range of $5.7k-$8k for the month. and now guess what the high and low bitcoin PRICE swing was for the month.. yep $5.7k-$8k
magic right... nope. its math

you can atleast find a safe zone of average expectancy of the low price to know if bitcoin is near a low(within the area/zone) or hyped up(way above the area/zone)

final final tip
look more broadly at the hasrate over a year. and draw a couple lines of expected future direction of the lowst hash expctation and highest expectation.. then do some math

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August 23, 2018, 08:56:16 AM
 #9

Bitcoin suffered too much publicity from banning advertise on social networking sites like Facebook, Line and now Goodgle. So Bitcoin prices on the downturn but besides good information Bitcoin glue also. If Bitcoin is coming through the ETF and the government is accepting, it is a stepping stone to Bitcoin prices once again.

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August 23, 2018, 09:21:21 AM
 #10

No, I think buying bitcoin is still too early. The FUD flow is still strong and too little time has passed since the previous bullcoin bull trend. I personally wait for $ 5000 to buy.

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August 23, 2018, 09:28:14 AM
 #11

I think we are all familiar with the volatility of bitcoin. The movement of ups and downs in bitcoin's price cannot predict, but despite of the rising price recently, still it is a little early to me to buy bitcoin at moment like this. I myself will wait for it goes lower, still listening to the market and waiting
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August 23, 2018, 09:28:46 AM
 #12

Every market of crypto isn't stable today. But i hope it will be better soon. If we want to buy bitcoin at right time is too hard to make sure of it. If you want to invest in BTC your mentally must ready to take every risk, but the risk will not affected if you have enough knowledge. Smiley
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August 23, 2018, 09:54:10 AM
 #13

There has not been a time you put out bitcoin for sale and there is no buyer. It tells you that there is no best time to buy. It is only speculation that makes people ask such questions. It depends on what you want to buy bitcoin coin for.

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August 23, 2018, 10:16:38 AM
 #14

I think this is the right time to buy bitcoin today, i am sure that the price will go higher. The bubble roumors has stopped and everyone understood that the bitcoin will stay with us forever. I think that the people will feel very bad who doesn't have bitcoin in the near future.

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August 23, 2018, 10:20:26 AM
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I think the news is true, because bitcoin still has the potential to go down again, so now is not the right time to buy bitcoin, the right solution is to hold down USDT first, you wait for bitcoin prices to fall because bitcoin will go down again



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August 23, 2018, 10:46:30 AM
 #16

There is a common-law right here which would say that you should buy when the price is low, the price is already not low but comparing to the Future predictions the price is low.

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August 23, 2018, 11:16:58 AM
 #17

Buying bitcoin is the most crucial thing to do in the market because now the price is high later on the lrice goes down. So you need a perfect timing where bitcoin is frofitable for you for the next month. When the lricye is above 7k it is not tha worth to buy just wait another day then you can buy for about 500 lower.

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August 23, 2018, 11:23:51 AM
 #18

It is the best time to buy bitcoin if you are going to hodl because it is already at a very low price and hodl it until gets back to its all time high price like what happened last year. But if your going to for the short term maybe try to wait more until it falls down to $5700 like what you mentioned.
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August 26, 2018, 09:33:29 AM
 #19

forget about trying to predict how high the next ATH will be
forget about trying to predict how soon the next ATH will be

instead realise the most important thing is to know what the LOW average is expected to be.

and here is a tip.. look at the cost of mining.

EG - back of an envelope math...
take 47exahash network hashrate, thats 47000000 terahash
an asic is 14trra (fixd number worth remembering)
so 47000000/14
so thats 3.3mill ASICS needed

imagine electric
at 6cents an hour (to cover 5cent/kwh at an asics 1.3kw (back of envelop rounded math)
0.06*3.3m
=$198k an hour /6blocks /12.5btc =$2640/btc for electric

imagiine unit cost
recent batch of $850 per asic and lastability is 1 year..
so lets break it down to an hour 850/365/24 = ill call it 10cents for back of envelop math
0.10*3.3m
=$330k an hour /6 blocks /12.5btc = $4400/btc for unit cost
total cost to mine= $7k/btc

final tip. miners dont sell coins on exchanges instantly as soon as they receive them
so sorry this math cannot predict prices to the minute.
no one can predict exact prices, exact dates
no one can predict how high a hype bubble the next ATH will be or when
no one can predict if or when prices will stay low or for how long

but it can guage roughly the low area/zone for the month
so take a months overview and take the lowst hashrate you see and the highest. to see the area/zone of break even
https://www.blockchain.com/en/charts/hash-rate?timespan=30days
37exa(28th july)-54exa (11th aug)

and look at the months low of 37exa and months top of 54exa.. you will see a range of $5.7k-$8k for the month. and now guess what the high and low bitcoin PRICE swing was for the month.. yep $5.7k-$8k
magic right... nope. its math

you can atleast find a safe zone of average expectancy of the low price to know if bitcoin is near a low(within the area/zone) or hyped up(way above the area/zone)

final final tip
look more broadly at the hasrate over a year. and draw a couple lines of expected future direction of the lowst hash expctation and highest expectation.. then do some math

so according to this, the average price of bitcoin can be at $5.7-$8k. and if we want to buy bitcoin, make sure that we are at this level, right? maybe we can buy bitcoin when the dip is coming ( we have a different opinion to determine the dip, so we need to know this first and then decide to buy bitcoin ).

so if the price now is at $6627 and it still on the red line, maybe we need to wait for a while and check the buy order and order sell at the market, then determine where is the safe zone to buy bitcoin. yes, I like this because, with this, we can determine what price we want to place the buy order. thank you frank1. I hope that we can buy in the safe zone and we can make a profit again.

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August 26, 2018, 09:46:58 AM
 #20

Dont take advice from random people online for when to buy bitcoin. You know your financial situation and have followed bitcoin for however long you have, the time is right for most people at very different times.


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