Is Now the Perfect Time to Buy Bitcoin?

[michellee]

Although the price has been hovering between $9300 and $11000 but at this time, Bitcoin might dig further as is is showing enough weakness and might not be able to defend the $9300 support this time.

I think he should wait for more as the price wants to go down. Maybe he could place a buy order at $9k just in case if the price is down until that level. It is better to divide his order buy into many level price so his chance to get a lower price in any level will bigger but don't be panic if the price is not reached the price he wants because we never know what will happen later. So I guess this time he needs to observed closely at the market so he can prepare to place the order buy.

[Onuohakk]

With the steady rise and fall of bitcoin, this should be the right time to accumulate more bitcoin cos the bull run would soon take place before this year ends

[Wilhelm]

With the steady rise and fall of bitcoin, this should be the right time to accumulate more bitcoin cos the bull run would soon take place before this year ends

Yup, just bought some in the dip ....  
That's 6% if it bounces back to $10000

[barbara44]

Yeah, I got some as well and I have been collecting eth too because I am thinking that would go back to 200 bucks or so as well. Bitcoin under 10 thousand has always been a great pleasure to buy for me in the past couple months, I feel like this is gonna be one of those times when I wake up with more money than I went to bed and that is the most awesome feeling in the whole world because you were sleeping while your money worked and made more money all by itself.

Right now, buying bitcoin is a short term investment as well as a long term investment, you can make a quick buck from it in the next few weeks, or you can make a lot of money with it if you wait 6-10 months plus you can get super rich if you wait years for it. Basically if you buy right now you can sell whenever you want.

[Bezobraznike]

   If you plan to hold for the future, than buy when ever you can. It`s what I`m doing all this years here. I started buying at 2000$! In that time I wanted to have more for investing,
but I didn`t. Same thing I feel entire time, I would like to have more, but I don`t have. I have limited amount of money for investing in crypto-currencies.
   Perfect time depends on your plan with Bitcoins you intend to buy. If you plan to buy for short-term holding, you need to choose the perfect time if you want to make quick profit,
if you are buying for long-term holding, than do it when ever you can, don`t wait!

[STT]

The main mistake to avoid is leverage, never mix leveraged FIAT cost with a crypto purchase buy.    The reason being is you are setting a ticking clock on your purchase as if you have taken a bet that by a certain time everything will be advantageous for you to sell at this point.   
   Leverage is also a negative for the community overall as it leads to price inflation and then inevitably the price retracts from the speculation.   The advice to buy long term is fair but it has to be capital you no longer require for that moment.   Ideally BTC gains people who use the blockchain to send money to people they either owe or wish to pay for services and digital goods, thats the best use as its in encourages further use and indirectly the level of holding rises and also price is likely to rise this way also.   

 My short term take is we already rose quite alot this year but over the next two years I think similarly we can keep rising.   I'm wary when people ask if they should buy expecting to also be selling not that long after, thats not something we accurately answer as price direction is only within a range of probabilities.    I think crypto is still a growing sector and is likely to continue to be popular and used, so the long term outlook remains good.

[Wilhelm]

The answer to OP is Yes 

[omonuyak]

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.

The micro investors are too scared to invest now and I think that is a sign that buying bitcoin at the current price is the right thing to do. We are not going to lose if we have the long term in mind. The back issues are also one of the reasons why bitcoin should rise now. The next bull run may see bitcoin breakthrough $13,000.

[Wilhelm]

With the steady rise and fall of bitcoin, this should be the right time to accumulate more bitcoin cos the bull run would soon take place before this year ends

Yup, just bought some in the dip ....  
That's 6% if it bounces back to $10000

This is good if you bought bitcoin at 6k and it is time to buy more because time passing is making the price even more high. Time never goes it will always be there you only have to buy and stay happy that you bought at low price there are so many people who won low only because of being late to buy

This was a small addition to my big stack which I bought way lower

[Republikcoin.com]

At the moment the bitcoin price range is around $ 9600, this is still the right time to buy a lot of bitcoin if we believe in bitcoin growth in the future, because the market is still declining, if you have enough capital, Take advantage of current opportunities to add investment assets we have to bitcoin

if many people follow this advice, maybe they can harvest the results now. Yeah, but I'm pretty sure many panicked when the price of bitcoin dropped below $ 10k. this is a lesson for us when bitcoin falls below the price of $ 10k, it could be the right time. there is still a big possibility that the price of bitcoin can grow to $ 11k in the near future, if you believe that, then it could be the right time.

[ethereumhunter]

At the moment the bitcoin price range is around $ 9600, this is still the right time to buy a lot of bitcoin if we believe in bitcoin growth in the future, because the market is still declining, if you have enough capital, Take advantage of current opportunities to add investment assets we have to bitcoin

That still a good price to buy but I suggest to wait for more while you can buy a small portion of bitcoin so if in the next hours or days, the price is down deeper, you can buy more bitcoin. With buying more bitcoin at a low price, you can reduce the average price in buying so you can get more bitcoin in your wallet. When the price can get down below than $9200, then that will be the best time to buy because after reach the lower price, the price will increase for a while, and it will continue down and up again.

[jostorres]

The answer to OP is Yes 

How will it not be yes when it is bitcoin, if it was other altcoins, I am sure that your answer would have been capital NO lol. Well, you are right, for now that bitcoin is still not gone too far in its price increase, I think we can buy and hold the coin now, while we wait for the price to grow. Bitcoin has a very wide future, and I believe that soon, the market will go back to its uptrend with a very strong momentum.

I can't say for sure how much bitcoin will be climbing to this year after these correction is over, but I know that we may be retesting the last $13800 or $14000 this year had before we continue further on the bull run next year, next year Is going to be another good year that we should all prepare for, and I think whatever profit we will make next year needs to be decide now through our purchase now.

[Wilhelm]

The answer to OP is Yes  

How will it not be yes when it is bitcoin, if it was other altcoins, I am sure that your answer would have been capital NO lol. Well, you are right, for now that bitcoin is still not gone too far in its price increase, I think we can buy and hold the coin now, while we wait for the price to grow. Bitcoin has a very wide future, and I believe that soon, the market will go back to its uptrend with a very strong momentum.

I can't say for sure how much bitcoin will be climbing to this year after these correction is over, but I know that we may be retesting the last $13800 or $14000 this year had before we continue further on the bull run next year, next year Is going to be another good year that we should all prepare for, and I think whatever profit we will make next year needs to be decide now through our purchase now.

Even with the top 10 altcoins it would be YES.
But with altcoins you need an exit strategy and your returns will likely be less.
With Bitcoin a good old fashion HODL will suffice.

P.S. I believe the top 10 would be considered "stablecoins" 

[Duzter]

The answer to OP is Yes  

How will it not be yes when it is bitcoin, if it was other altcoins, I am sure that your answer would have been capital NO lol. Well, you are right, for now that bitcoin is still not gone too far in its price increase, I think we can buy and hold the coin now, while we wait for the price to grow. Bitcoin has a very wide future, and I believe that soon, the market will go back to its uptrend with a very strong momentum.

I can't say for sure how much bitcoin will be climbing to this year after these correction is over, but I know that we may be retesting the last $13800 or $14000 this year had before we continue further on the bull run next year, next year Is going to be another good year that we should all prepare for, and I think whatever profit we will make next year needs to be decide now through our purchase now.

Even with the top 10 altcoins it would be YES.
But with altcoins you need an exit strategy and your returns will likely be less.
With Bitcoin a good old fashion HODL will suffice.

P.S. I believe the top 10 would be considered "stablecoins" 

With altcoins it's like gamble, we should have the mind to risk. The top listed altcoins show signs of growth, but that too is low compared to the growth of bitcoin. The dominance level stands strong above 70% with the volume increasing regularly. This will continue and we cannot see much of growth with altcoins. Considering the same, it is good to buy bitcoin, but the buying points were missed. Buying should have been done few months back if the purpose is holding.

[kennen1113]

The answer to OP is Yes  

How will it not be yes when it is bitcoin, if it was other altcoins, I am sure that your answer would have been capital NO lol. Well, you are right, for now that bitcoin is still not gone too far in its price increase, I think we can buy and hold the coin now, while we wait for the price to grow. Bitcoin has a very wide future, and I believe that soon, the market will go back to its uptrend with a very strong momentum.

I can't say for sure how much bitcoin will be climbing to this year after these correction is over, but I know that we may be retesting the last $13800 or $14000 this year had before we continue further on the bull run next year, next year Is going to be another good year that we should all prepare for, and I think whatever profit we will make next year needs to be decide now through our purchase now.

Even with the top 10 altcoins it would be YES.
But with altcoins you need an exit strategy and your returns will likely be less.
With Bitcoin a good old fashion HODL will suffice.

P.S. I believe the top 10 would be considered "stablecoins" 

With altcoins it's like gamble, we should have the mind to risk. The top listed altcoins show signs of growth, but that too is low compared to the growth of bitcoin. The dominance level stands strong above 70% with the volume increasing regularly. This will continue and we cannot see much of growth with altcoins. Considering the same, it is good to buy bitcoin, but the buying points were missed. Buying should have been done few months back if the purpose is holding.

The dominance of bitcoin was at a different height and at the same time, the price of bitcoin went up quite high, it was in the middle of the boundary that could continue to rise or would turn and go down, the situation right now is like you said, we missed the good time, buying right now is very dangerous even though we still have a chance to win. Staying out of the game and preparing yourself and the next plans for the market, especially the plan to invest in altcoins, would be better than buying bitcoin at the moment.

[SirLancelot]

We have already studied bitcoin many times, and I think that most investors by now should have understood the way that bitcoin works. This current price now must be another good level to buy more, because right from our eyes is when bitcoin will grow from this value to about $15000 at the end of the year.

Any investment that we are coming to do in  bitcoin should be an investment that is tied to for better for worst, an investment that we will not even get worried about even if bitcoin drops, and we will just know that no matter how longer, the price will always rebound back and higher, if we can take our investment as for better for worse, then we will be able to develop that patience to hold on.

[Williams_Leo]

We have already studied bitcoin many times, and I think that most investors by now should have understood the way that bitcoin works. This current price now must be another good level to buy more, because right from our eyes is when bitcoin will grow from this value to about $15000 at the end of the year.

Any investment that we are coming to do in  bitcoin should be an investment that is tied to for better for worst, an investment that we will not even get worried about even if bitcoin drops, and we will just know that no matter how longer, the price will always rebound back and higher, if we can take our investment as for better for worse, then we will be able to develop that patience to hold on.

I know that bitcoin's mode of operation, recovery and development has always reached an incredible level, the price may now be high but after that, it can be even higher but the investment is always focused on the percentage of victory and risk, if the chances are high, we should join and vice versa. And the situation right now is not a very good opportunity, the value of bitcoin is at an average level, not low and not too high, such hovering is always difficult to identify the trend, buying only makes us risk

[Golftech]

If you buy last week of bitcoin that's the perfect time because it down around $9800 but still you can buy even the price is slowly pumping again. So maybe we can grab the opportunity now that the price is not to much higher.Many speculation and prediction that bitcoin will continuous to move up.

You can buy every time you believe that the market will bring you decent benefits, perfect time is how you believe the market will proceed and how will you take advantages from each market positions that you'll going to place your entry and exit point, you need to keep being positive and accept things that will
lead you to a much higher chances to make a good profitable business investing with bitcoin or other crypto that you plan to invest.

[fullhdpixel]

We have already studied bitcoin many times, and I think that most investors by now should have understood the way that bitcoin works. This current price now must be another good level to buy more, because right from our eyes is when bitcoin will grow from this value to about $15000 at the end of the year.

Any investment that we are coming to do in  bitcoin should be an investment that is tied to for better for worst, an investment that we will not even get worried about even if bitcoin drops, and we will just know that no matter how longer, the price will always rebound back and higher, if we can take our investment as for better for worse, then we will be able to develop that patience to hold on.

It could very well be a no at any time of bitcoins life, right now it looks more like a yes and I agree with that but even the biggest bitcoin bull lover here would agree that this is bitcoin we are talking about, we can wake up to a 6 thousand or 12 thousand bitcoin tomorrow morning which is why there is always a bit of no in our yes. Don't get me wrong I do agree that bitcoin looks at a price so tempting to buy, I am keeping most of my investments in bitcoin and that is definitely dangerous however I do trust it, so I am a big bull on bitcoin.

Not even crypto in general, I have a bit of eth but that is about it (except couple airdropped ones that I don't even count) however even I do say that bitcoin could at any time fall to a lower price. Even lower than it dropped recently.

[dengpei]

Buy low, sell high is the golden rule but when is the low and when is the high? That's the fine line that every investor must master and walk like a tight rope performaer- with balance!