Is Now the Perfect Time to Buy Bitcoin?

[Reid]

It is having a hard time plunging back to 8k USD which will be lovable  for traders just so we could say there is really a bottom.
It is a risk for now.
10700 is the price and yet the slow movement is still happening.
About buying though, I would not recommend for it to be bought at this price. It could be a bait and something big will happen again.

[The Brain Sauce]

Yes and No

No one can predict when is the right time to buy bitcoins. As it is highly volatile. At the time of writing the current market price for Bitcoin is $10,751. If by the end of 2019 the price hits 20k or more. Then buying at this price could result in high profits. Of course, it depends on the number of units you purchased as well.

But if you aren't lucky enough and buy bitcoins at the current market price. And the price drops back around 3k US Dollars or less. You'll end up losing your investment. This makes Bitcoin very interesting, exciting and scary at the same time.

Tip:- Do Not invest all of your cash in buying Bitcoins. Just invest that won't hurt you if you lost.

[ethereumhunter]

In this day, I don't advice you to buy bitcoin because the price now is at $10,764 and that will be too risky if you still want to buy bitcoin. We are in the increasing of the price, and if you want to buy, you need to wait for a while until the price can decrease for a while.

The trend now has changed, and we all can back to make a profit again, and we hope that this uptrend will not stop in just this price, but it will increase more, and break $11k.

[Hamphser]

The perfect time to buy is when the price was in $3,500 when bitcoin was in bearish trend then you can hodl it for up to six to twelve months.

Look at the price now compared to the price when in was in a very bearish trend?

If you ever have enough money left to buy bitcoin then do it now while the price is still in a little dip.

[The Brain Sauce]

I always say no to this question.
Because I know that a person with strong hands would not ask others such question.

For short, whoever asks this question is not prepared.

True.

[killat]

Nobody can tell you exactly when is the perfect time for an investment. It all depends on when you buy and if you have patience enough to sell high.

More important than when you invest is to never panic sell and always try to respect the main rules in crypto: buy low, sell high and never invest more than you can afford to lose.

[leader2704]

The price of Bitcoin has been consistently trading between a range of ~$9300 and ~$13,000 consistently for the last two months.

There seems to be very strong support levels at the $9300 range, which we are not too far from.

I've done a bit of technical analysis (see video below) to briefly outline why I think the price of $9,300 (if we hit it) will represent an amazing buying opportunity.


Video here: https://youtu.be/1oQLG62wbyU


This is especially true when the price of Bitcoin over the next several years could be in the hundreds of thousands.

What are other people thinking? It would be great to get other Bitcoin trader's opinions on this.

Whether you agree, or especially if you disagree I'd love to hear your opinion.

This way we can learn and consider a different perspective.

I still accumulate everytime Bitcoin drops below $10000, and for long-term view, I think this is the best time to buy Bitcoin, crypto winter is over

[iam_aayushiJ]

Well I have been in the cryptocurrency industry since a long time, and I believe that you can't time buying/investing in crypto. Unless you are a technical analysis expert, you can may be place a buying order and buy BTC 5-10% cheaper (since currently BTC is ranging between 9k-13k$).

You should invest some of your money in buying BTC, and/or you can also buy bitcoin with ethereum or any other altcoin you hold. BTC in longer run will always have a edge on other coins. This understanding will come from learning new concepts.

[putukin]

I got the opinion that you can make money on the growth of bitcoins after launching of one event. I think that the launch of Bitcoin Futures from Bakkt will have a boost for Bitcoin, and maybe it makes sense to buy Bitcoin in September

[dantee1]

No one knows the best time to buy bitcoin. Just buy when you have the money.

Cheers!

[todiboa]

It can be assumed that the bull rally ends and the bear season will begin soon. However, traders have several months to buy bitcoin and get some profit, however, you need to act incredibly carefully because a coin can suddenly crash

[pieppiep]

I think you can wait for a while because the bitcoin price now has down, but we don't know if the price will still down or not. You can prepare your money to buy bitcoin once the price gets a flash dump that might be happening in anytime so you can get bitcoin at a lower price. But be careful because that will not always work as the price will always back to the price before after the flash dump. Maybe you can place your order in a price that will not be too deep, and don't forget to analyze the chart before you execute.

[Babyrica0226]

In my opinion, yes it is a good time buy now bicoin then hold. In this matter our patience will be test and measure of how long We could take to wait. Because as we all know the market was too volatile especially in bitcoin. Particularly, just recently the price of bitcoin became unpredictable were there are times that its price goes down and up something like that, were we need to be wise and careful as well.

[Farma]

No one knows the best time to buy bitcoin. Just buy when you have the money.

Cheers!

right, if we know when the right time is, of course, everyone will use bitcoin to improve their finances. but, it can be predicted, and I see a lot of news that predicts this. like the news on NewsBTC which thinks that the price of bitcoin will be revised at a price of $ 11k, and much other news that has the same predict. if you believe the prediction, this is the right time, because the price is quite far from the price of $ 11k, but if you have your own prediction it will be better. "Do With You Own Risk", people can only predict, and for me, this is a good time to collect bitcoin.

[South Park]

The perfect time to buy is when the price was in $3,500 when bitcoin was in bearish trend then you can hodl it for up to six to twelve months.

Look at the price now compared to the price when in was in a very bearish trend?

If you ever have enough money left to buy bitcoin then do it now while the price is still in a little dip.

People are now thinking about buying huge amounts of bitcoin after it had showed an important recovery, where were those people when the price of bitcoin was at 3500? it is very easy to say that right now is a good moment to buy since there is a positive feeling in many investors that the bitcoin price could be even higher at the end of the year, but the moment to buy lots of bitcoin passed already, the price has been ranging for some time between 12k and 10k and it does not seem like we will leave that range behind during the next days or weeks.

[tiedcoin]

Seeing the current trend of Bitcoin now seems to be the right time to invest in Bitcoin. Bitcoin is currently on the verge of obtaining 70% of the market cap and is following the trend of 2017.
Experts are surmising that Bitcoin will go out to $20,000 by the end of 2019 or by the beginning of 2020. Regardless, it is always the right time to invest in Bitcoin because of the huge ROI it delivers.
Entering and exiting the market at the right time is the key to making great profits with Bitcoin.

[Yamifoud]

Seeing the current trend of Bitcoin now seems to be the right time to invest in Bitcoin. Bitcoin is currently on the verge of obtaining 70% of the market cap and is following the trend of 2017.
Experts are surmising that Bitcoin will go out to $20,000 by the end of 2019 or by the beginning of 2020. Regardless, it is always the right time to invest in Bitcoin because of the huge ROI it delivers.
Entering and exiting the market at the right time is the key to making great profits with Bitcoin.

People would invest in bitcoin just for money and expected market returns in the future. Yet, profit might be depending on how much we invested int here and the time when we bought bitcoin. We can't tell the perfect time to buy bitcoin but it most preferable to have it at a low price.
The market is really unpredictable, the risk is too high and we should have to prepare for all the cost might happen after.

[Cemploon]

Currently can not decide, whether this will be a good time to buy Bitcoin. According to my observations that Bitcoin prices are seen to decline again. And I will wait for the Bitcoin price to decline again and at that time I will soon buy Bitcoin.

In 2020 I think Bitcoin will be back pumping, although it is also very difficult to predict. However, I am sure if next year will be a year for Bitcoin and Altcoin.

[The Sceptical Chymist]

I think today is a great day to buy bitcoin, if you take a look to the price you will find it at $10,000, So, it could easily jump to $11k and give you an instant profit of %10 in a short time.

Yeah, right now bitcoin dropped below $10k and personally I don't expect it to stay there.  If I had money I'd probably be buying right now, because I think you're correct: it's an excellent opportunity to make a short-term profit.  On the other hand, I'm not looking to make short-term trades anyway--but I'm sure there are thousands of traders who could make money from this little dip.

People are now thinking about buying huge amounts of bitcoin after it had showed an important recovery, where were those people when the price of bitcoin was at 3500?

Probably cowering in fear that bitcoin would break out of that range in a downward direction.  It was stuck there for many months, and nobody knew it was headed toward $10k.  It could easily have gone the other way.  It's hard to buy something when the price has crashed, and that's why most investors don't make money.  They buy high and sell low.

[sana54210]

I always say no to this question.
Because I know that a person with strong hands would not ask others such question.

For short, whoever asks this question is not prepared.

True.

We call them doubting Thomas and it is really true, the people he is asking, are they not same people like him with the same knowledge of bitcoin, people like him are ones that usually rely of people to trade for them or make use of bot because they don’t want to learn themselves. If we have been in the system for a long time, and someone will afraid of making his own decisions by himself, and still expecting people to make decision for him, then he is really not ready to get acquainted to the cryptocurrency system.

We just still have to answer him, yes, this is the best time to invest in bitcoin because there is possibility of not getting it cheaper than the value now anytime soon and I think till after the bull run before we can see this value again when the market is welcomed back to bear market.