December 2018: Is this a good time to enter bitcoin if you have cash?

[BTCgrinders.com]

The bitcoin price index is now 1.000000 XBT = 3,836.92 USD


~1 year ago the price was 1.000000 XBT = 19,916.37 USD


The current price is 19.3% of the previous all-time-high.

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[eddie13]

Yes, I believe so but I could be completely wrong.

My expectation is for a low of no lower than $2,500 but we could have already hit our lowest low since the last ATH.
I also expect another pump in the future to again dwarf the last ATH as had happened many times over so for me the prospect of how much to be lost from here is tiny in comparison to what could be gained.

I'm not selling and am more confident in putting more into BTC now than ever.

[pooya87]

there is no way to answer your poll question, it can be any $$$ from the bottom.

the only thing that we know is that the current price is near the bottom price that can ever be reached at this point so buying now means you are buying close to the bottom. it may go a little lower but also it may not. but you can know it will go back up again unless of course you think bitcoin is dead in which case you shouldn't even be  here!

[davis196]

No it's not the right time,just wait for a $1 bitcoin price and then buy a few hundred or a thousand bitcoins.
I'm just kidding,but all those "is it time to buy btc" forum posts are kinda annoying.Op,nobody is going to give you the answer.Nobody knows what will happen.You either just believe in bitcoin or you don't.
Just don't seek external validation for your insecurity.

[eup]

It depends on how much you real price Bitcoin in your mind.
If you think the price of Bitcoin is $1, then it is definitely not a good time now.
Everyone’s pricing for Bitcoin is different, so this question cannot be answered.

[arpon11]

Though we have different views of the market but i think your analysis make a point!  Bitcoin is really in a  bad condition now compared to were it was as at December last year.  I think the bottom is not here and we may need to get to next year before we see the bottom.  Cryptocurrencies market is really getting to the level which many people did not expect including me.  Investing into cryptocurrencies market now is becoming too risky by the day and I think the bottom is not here yet.

It depends on how much you real price Bitcoin in your mind.
If you think the price of Bitcoin is $1, then it is definitely not a good time now.
Everyone’s pricing for Bitcoin is different, so this question cannot be answered.

Many of us here are speculators and that is why there is always a warning that before you put money into the market do your personal analysis.  My own analysis review that the bottom is around $3000 base on my MA crossing but I have come across many other speculations that have different views.

[Wilhelm]

OP you are asking the right question.

A lot of doom prophets is a good sign.
Increasing infrastructure is a good sign.
Tech is still solid.
More crypto related jobs is a good sign

The question is "Do you believe in Bitcoin?"

[acheampong64]

We have really crushed hard. I think this thing we're experiencing is what happened to some people sometime ago.
Nevertheless, I still don't believe this is the end yet. So there's still more room for investment.

We're experiencing the second wave of the bear season and so it's still risky buh a good time as well to hop on.

[randythered]

I do believe that we are near the bottom, considering upcoming developments and historical trends. BUT... In previous examples the bottom was reached and the price then remained around there for some time before recovering. Therefore I don't suspect there will be a sharp recovery. If you have alternative investments for the next 6 months or so that can offer a good return, I think BTC price could be the same then as it is now.

[gentlemand]

There's never a need to enter at one particular time. Better to pace your buys over a few weeks or months. My own willy is telling me Jan/Feb is when we might hit the gutter.

Obviously if you're a believer now is still an OK time since it's 80% down.

[Bessta]

We have really crushed hard. I think this thing we're experiencing is what happened to some people sometime ago.
Nevertheless, I still don't believe this is the end yet. So there's still more room for investment.

We're experiencing the second wave of the bear season and so it's still risky buh a good time as well to hop on.

Yeah i fully agree with you. Its been almost 10 years of existence so  by this time investors should have been used to this bear bull bear bull season or  Risks.  Consider this bear season as an oppotune time to increase our  crypto investment.

[LFC_Bitcoin]

Good time to buy bitcoin now, yes. The next halving is in mid 2020 so we’ll likely approach or exceed the last ATH within 2-3 years. If you have patience then buying now is a great idea.

[UNOE]

I'm not selling and am more confident in putting more into BTC now than ever.

It is nice to hear that from an Hero member, which gives me more confident.
Too many people are bearish since Bitcoin price went below 6000 USD.
I think that is good time to start buying, or if you want take more risk, start buying at 3000 USD and below if price drops to that level this year.

[Deeyoh]

While you have cash to burn.. sure buy away.  Just remember not to sell if the price goes down, just buy more.   Don't go all in, spreading out your buys over a longer period of time, is the best advice.  Buy in small increments and average your price in.   It's impossible to time the bottom.

You never lose if you don't sell below your buy in price.  

[Wilhelm]

There's never a need to enter at one particular time. Better to pace your buys over a few weeks or months. My own willy is telling me Jan/Feb is when we might hit the gutter.

Obviously if you're a believer now is still an OK time since it's 80% down.

Probably a false statement but you can only go down $4k and the upward potential is $16k.
Buying on the way down might be a good approach instead of getting caught out whilst waiting.

[Wilhelm]

While you have cash to burn.. sure buy away.  Just remember not to sell if the price goes down, just buy more.   Don't go all in, spreading out your buys over a longer period of time, is the best advice.  Buy in small increments and average your price in.   It's impossible to time the bottom.

You never lose if you don't sell below your buy in price.  

If Bitcoin stops trading and dies then you will have an unrecoverable loss...

[Febo]

Is this a good time to enter bitcoin if you have cash?


The bitcoin price index is now 1.000000 XBT = 3,836.92 USD

~1 year ago the price was 1.000000 XBT = 19,916.37 USD

The current price is 19.3% of the previous all-time-high.

You calculated it yourself. It is 5 times better to buy bitcoin as it was a year ago. No to mention that USD lost some value in last year.  Let me add this. Now and all 2019 will be perfect time to buy Bitcoin. 5 years from now will not matter if you bought at $4000 or at $2000 or at $8000. All these numbers will look totally the same.

[Wilhelm]

Is this a good time to enter bitcoin if you have cash?


The bitcoin price index is now 1.000000 XBT = 3,836.92 USD

~1 year ago the price was 1.000000 XBT = 19,916.37 USD

The current price is 19.3% of the previous all-time-high.

You calculated it yourself. It is 5 times better to buy bitcoin as it was a year ago. No to mention that USD lost some value in last year.  Let me add this. Now and all 2019 will be perfect time to buy Bitcoin. 5 years from now will not matter if you bought at $4000 or at $2000 or at $8000. All these numbers will look totally the same.

It will matter as much as "a house", "a mansion" or "an estate" 

[gentlemand]

5 years from now will not matter if you bought at $4000 or at $2000 or at $8000. All these numbers will look totally the same.

That's potentially 4x the return for the same outlay in USD if you time it right. That's what causes people to wait for bottoms that never come. Better to hedge your bets with averaging the cost where you can and extinguish the minor what ifs compared to not grabbing the big one by not buying at all.

I'm certain there'll be people who buy nothing because of that who'll screech about it down the line.

[cluit]

It is never a good time to go all in on any investment at any given time.

If you have some cash that is big enough to divide into couple pieces the smartest move would be investing only a part of it right now and watch what happens.

If a person invested all of his investments at 20 thousand dollars he would be so much in trouble right now however if he invested a bit at 20 and a bit at 10 and a bit at 6 he would have had some middle ground there and if that person kept investing at 6 and even continued to this day at 4 right now he would move so much further away from 20 thousand dollar times.

Hence, even if it looks like it is 4 thousand dollars and everything is going great, do not put all your money there all at the same time. Just invest a bit more and wait around, I think January is looking great.