All times are good to enter crypto - Tim Draper

[The Sceptical Chymist]

Anyone who tells you that it's a good idea to buy anything at any price point is out of their fucking minds.  I see this constantly with goldbugs.  Gold crashes?  Good time to buy.  Gold is at its all-time high?  Great time to buy, because it's going to go higher.  Gold is trading sideways for 5 years?  Buy, buy, buy. 

Funny that those same people never tell you when it's a good time to sell.  So no, I don't trust this guy Draper's advice.  He could be the richest man in the world, but it's almost irresponsible to tell the public that crypto should be bought with no regard to what its trading at.  That's like Investment 101.  Warren Buffett made his fortune looking for stocks and businesses that could be bought cheaply, and he did his own research to determine that.  He didn't listen to stock market bulls/bears and didn't take tips. 

I happen to think bitcoin is at or near its bottom, but there's no way I can say that with any confidence, and public figures should be very careful about giving investment advice.  There are a lot of suckers out there who'll swallow anything, even if it's a baited hook.

[pedangrusak]

bitcoin and altcoin have price fluctuations that continue to be created in the market at any time, this can give you profits at any time both short and long term. investment and choosing the right decision will provide maximum profit for you

[Yamifoud]

Crypto isn't fully matured nor it is fully develop, some adjustment will important so it can sustain the market demand and supply. People are having doubts because it have no firm platform and a concrete basis of its creation. If this could be provided, then there will be a huge adoption on crypto market.

[Pumapipa]

People with a reputation of being a billionaire has a tendency to tell everybody that anytime is a good time o enter cryptocurrency. But to those living cent for a cent, you really cannot flag this down on them. Decisions should be precise and movements should be calculated based on risks and advantages.  In my opinion, this time may not be suitable tpo those wanting to enter cryptoinvestments because the market is way down low. If they are going to act up as mere observer then that will be fine and advantageous for them as they can see the ins and outs of cryptocurrency market.

[figmentofmyass]

Anyone who tells you that it's a good idea to buy anything at any price point is out of their fucking minds.  I see this constantly with goldbugs.  Gold crashes?  Good time to buy.  Gold is at its all-time high?  Great time to buy, because it's going to go higher.  Gold is trading sideways for 5 years?  Buy, buy, buy. 

i honestly think bitcoin is different. with precious metals, the supply is unpredictable: new technologies can make nonviable mining methods viable, new sources of supply can be found, unprofitable mines become operable again when price rises, etc.

that doesn't apply to bitcoin. not only are bitcoins far more scarce for that reason, but the vast majority of supply has already been mined. it's a race to accumulate, and at some point that reality will sink in for everyone from retail investors to governments. since markets are unpredictable, i believe that's why it's always a good idea to buy some bitcoins (up to what you can afford to lose) if you don't own any.

i don't think this necessarily extends to the entire crypto market like draper says. but he's probably right---altcoins are always gonna suck on bitcoin's teat.

[kodtycoon]

All times are good to enter the cryptocurrency market. - Tim Draper
Do you agree with this guy? All I know is Mr. Draper is a billionaire, huge bitcoin bull and a venture capitalist.
I kinda agree with him when I look at the bitcoin inform of investment vehicle for long-term, not just hit and run kind of investment.
What y'all got to say about this?

https://i.imgur.com/wKhBVVF.jpg

I agree with him, so whenever you enter in crypto then it is the right time for you, no matter the market goes up and down because if you intend to invest for the long term, then at least you don't need to worry about markets crashing if predictions are true they the price of bitcoin will touch the highest point in the future.

[Indrawan77]

Any time is great to enter, as long as the coin still survive and got chance to become bigger in the future, but there is time to enter to maximise the profit and if you enter at anytime without see the market condition then maybe you will need more time to make the profit, so it is better to pay attention to the market before enter

[Farma]

Any time is great to enter, as long as the coin still survive and got chance to become bigger in the future, but there is time to enter to maximise the profit and if you enter at anytime without see the market condition then maybe you will need more time to make the profit, so it is better to pay attention to the market before enter

I guess that really depends on the situation. at present the price is still quite severe, but on the other hand the price looks quite cheap. whether it's late or not, I think that depends on how you assess the current situation. for me, maybe I better pay attention to the current developments.

[wewe123]

Yes ,I will agree with that ,all times are good to enter into crypto , if you are already familiar or know about cryptocurrency , then any time you want to join or invest in cryptos is still goid enough at least you have started the oppurtunities to join in crypto, because from time to time you will learn much on how to manage your investments in crypto.

[HabBear]

I kinda agree with him when I look at the bitcoin inform of investment vehicle for long-term, not just hit and run kind of investment.
What y'all got to say about this?

I agree with you and him. But do those of us who are already in it (and may of us for years) get a say in this vote? We're clearly biased. What do we know that those who are running for the hills or saying "told you so" don't? I can't answer that question...that's what worries me.

Your thoughts on this?

[bitcoinisbest]

Any time is great to enter, as long as the coin still survive and got chance to become bigger in the future, but there is time to enter to maximise the profit and if you enter at anytime without see the market condition then maybe you will need more time to make the profit, so it is better to pay attention to the market before enter

It is good to buy on dips and sell high. But buying high is highly not recommended as concerning volatility market will fall back when it reaches high and then you will have to wait for longer to get your price back as it has happened this year. So always keep on buying at the dips.

[Baofeng]

Lol. Tim bought his bitcoins at a auction when the price is below $1k. So that's a perfect time purchasing them while the price is very cheap. I agree that during a bullish phase, when the price doesn't hit at peak, you can buy it anytime you want but it is still a gamble.

Although most of us are waiting for the price to really hit the bottom before picking up because of the possible profits we have to make in the future. But Tom has a lot of money to begin with so its easy for him to say that, but for us casuals, timing is everything.

[charlotte04]

All times are good to enter the cryptocurrency market. - Tim Draper
Do you agree with this guy? All I know is Mr. Draper is a billionaire, huge bitcoin bull and a venture capitalist.
I kinda agree with him when I look at the bitcoin inform of investment vehicle for long-term, not just hit and run kind of investment.
What y'all got to say about this?

No, I don't agree with him. Even at the other financial institute there would be always a good entry and good exit. Obviously, maybe he does not know what he was saying.

[randythered]

Anyone who tells you that it's a good idea to buy anything at any price point is out of their fucking minds.  I see this constantly with goldbugs.  Gold crashes?  Good time to buy.  Gold is at its all-time high?  Great time to buy, because it's going to go higher.  Gold is trading sideways for 5 years?  Buy, buy, buy. 

i honestly think bitcoin is different. with precious metals, the supply is unpredictable: new technologies can make nonviable mining methods viable, new sources of supply can be found, unprofitable mines become operable again when price rises, etc.

that doesn't apply to bitcoin. not only are bitcoins far more scarce for that reason, but the vast majority of supply has already been mined. it's a race to accumulate, and at some point that reality will sink in for everyone from retail investors to governments. since markets are unpredictable, i believe that's why it's always a good idea to buy some bitcoins (up to what you can afford to lose) if you don't own any.

i don't think this necessarily extends to the entire crypto market like draper says. but he's probably right---altcoins are always gonna suck on bitcoin's teat.

It's only a race for as long as people want to run it. If people as a whole decide bitcoin has no utility then there will be no rush to own it and the price will crash. Even if you're certain BTC will one day be demanded by all, it doesn't mean that it doesn't undergo market cycles and you can't time your buys.

[Agapelove]

Great quotation from one of the bigtime holders of cryptocurrency. To survive here in cryptocurrency, you should learn what you have to learned. This market is not as easy some think. Special skills plus learnings from experiences are good tools to be successful anytime here in cryptocurrency.

[horrifiedx1]

Great quotation from one of the bigtime holders of cryptocurrency. To survive here in cryptocurrency, you should learn what you have to learned. This market is not as easy some think. Special skills plus learnings from experiences are good tools to be successful anytime here in cryptocurrency.

for those who are experienced in cryptocurrency trading, of course it will be easy to analyze the market, so whenever they enter the market, they will certainly get results. but I think it would be better if trading in the short term, so that immediately get profit and exit the market and wait for market entry again

[kavindra]

I totally agree with that guy, ever time is a good time to get into Crypto currency. However, people should be deal and understand first before involving in it because no body will guarantee of Crypto currency. So, they will not surprised whenever it price drops.

It is good decision getting into Crypto currency as we know it is not only about a new technology, it is more than it. Now it can be used for means payments inn some countries where recognize and officially accept digital money for payments. It is future technology that would be efficient and simple ways that help human daily activities.

So, the worse is when people not believing in it. 

[LeGaulois]

I would agree even if it wasn't a known person, I don't care if the person is an expert or not as long the person has objectivity...
It's a bit like investing in real estate, for example, there too it's always a good time to enter the market. It just depends on your investment strategy. There are markets with fresh investors even when its market is red.

[repsol]

That is right, the huge mistake is when people are not involving or getting into Crypto now. Even though now the price is down, but the trend of crypto currency will keep improve in the future.

The most important thing is while some body gets into bitcoin, he should be realize to improve their knowledge and understanding about crypto currency. Because something great is reached through great work and process. Therefore, this is the time to contribute of world technology improvement especially in blockchain.
 

[jademaxxiss012]

For now it is not really good because bitcoin is not yet adapted by the countries around the world for it has still some issues and the crypto team owners are taking advatnage for now with the bear market pulling put their shares designated for them. Probably the good time for investing is when bitcoin will be like the stock market exchange to be adapted from the countries.