Buy now or wait for Bitcoin?

[hyper7]

Hi all,

I want to invest some money in Bitcoin (long term investment)
It's better wait the next fall down (like the situation on December/January), or buy now?
Otherwise fixing a target for example 7000 or 8000 $ and buy in that moment?

Thank you in advance for your suggestion

[OmegaStarScream]

You shouldn't ask for financial advice here on the forums because people tend to give advice based on their opinion and beliefs regarding the market but If your goal is long term investment as you're saying, then, in my opinion (a lot might disagree), you should accumulate as much as you can, regardless of the current price because no one could predict the price. You should also keep in mind that the halving is going to occur in ~250 days and that would mean less bitcoin in circulation so more people will be buying before that, and the price might not drop as you're expecting.

[Herry Toms]

Why you are worried that could happen and no one knows if it really happens. I think you need to buy it now, instead of waiting for another fall.
This is fair price to buy BTC now and it should go up from here towards 20k.

[NeuroticFish]

First: if you have to ask about investing, maybe it would be wise to not invest; maybe you should read/learn more about it. However, make sure it's money you afford to lose (if things go wrong).
Now, one strategy for buying/holding is to buy smaller quantities on a regular manner. This has a chance to make the fluctuations not matter that much. Of course, if you do this and "tomorrow" an exponential bubble starts, you won't be happy you didn't buy more. So it's your decision to be made.

[moneyball]

I think you should wait , we don't know how low this could go, maybe bitcoin will retun to 3k or to 1k nowone knows!

[pawanjain]

Assuming that you have not yet bought any coins I would suggest you to buy some bitcoins now since the price is already down so much.
The current price at $7900 is a good deal to bag come bitcoins since the potential for it to increase in price is very high.

I think you should wait , we don't know how low this could go, maybe bitcoin will retun to 3k or to 1k nowone knows!

What if you wait and the price goes the other way round and increases to $15k then $20k and never returns to $10k.
We should always plan our strategy well to make profits in every situation.

[jamesndungu1]

Honestly, Nowadays - don't have a time for buying Bitcoin, I buy when i have the funds, I'm a long term investor and for me having funds laying around for the low entry point is not easy based on the economy - when i have extra funds in the house i look for Digital assets to purchase regardless of the market and Invest This is how I accumulate my portfolio. Bitcoin is very Volatile at them moment and no one knows when is the right time to buy or wait.

[eaLiTy]

I think you should wait , we don't know how low this could go, maybe bitcoin will retun to 3k or to 1k nowone knows!

If this is the mentality you have a future in creating FUD when the price rallies because you messed up in investing when there was a correction , if you are confused on when to invest then do not invest as it will be another issues as you will sell the coins whenever there is a correction and you end up loosing majority of your capital and investments should not be like that.

[bittraffic]

Hi all,

I want to invest some money in Bitcoin (long term investment)
It's better wait the next fall down (like the situation on December/January), or buy now?
Otherwise fixing a target for example 7000 or 8000 $ and buy in that moment?

Thank you in advance for your suggestion

You just got what you wish for. I'm not sure if it could go down to $7k but 1k isn't going to matter when you aim for long term investment. Right now could be the last price you see btc to dip this low. Remember that its strong support was at $10k weeks ago.  Think of doubling your money in months.

[gantez]

As at this time in cmc, the price of btc is now $8,174. This is a fall happening since last week from $11,000. A buy at this point is still good entry before the rally begins up again. The difference from the current price back to &10,000 up, is about $1,826 and that is good because price can easily shoot back to $10,000. Just my opinion and maybe, analysis  

[janggernaut]

Hi all,

I want to invest some money in Bitcoin (long term investment)
It's better wait the next fall down (like the situation on December/January), or buy now?
Otherwise fixing a target for example 7000 or 8000 $ and buy in that moment?

Thank you in advance for your suggestion

You can start to buy a little with current price, if bitcoin price fall deeper, you can buy it more. With this, you can avoid you bought bitcoin at too high price, because price still unstable for this week

[nydiacaskey01]

Its a very rare occasion that Bitcoin price drops at 21% in less than a week. Usually its just 5% to 10% so this current trend is something that we can take advantage at this moment. Bitcoin to hit $7,500 would be very unlikely but its Bitcoin, its unpredictable. It was only last June this year we have seen Bitcoin at $8,060. Buy now? Why not if you have idle funds, we may see Bitcoin at $8,000 level again after 3 or 5 months after the price started to recover.

[Kemarit]

Asking for financial advise?

Anyways, my rule of thumb is to always buy in dips, so we have 2 massive downward target, $8500 and then $8000. So if you bought some at $8500 then definitely worth to buy more at the current price of $8000. And if the price continue to go down then still get some. That's how smart investors think and strategize. However, it is still your call though, the market is ripe for buying, and as the saying goes, buy when there's blood in the street. So if you're planning for a long term hold, then buy and take this opportunity to your advantage.

[stomachgrowls]

Its a very rare occasion that Bitcoin price drops at 21% in less than a week. Usually its just 5% to 10% so this current trend is something that we can take advantage at this moment. Bitcoin to hit $7,500 would be very unlikely but its Bitcoin, its unpredictable. It was only last June this year we have seen Bitcoin at $8,060. Buy now? Why not if you have idle funds, we may see Bitcoin at $8,000 level again after 3 or 5 months after the price started to recover.

Times like this are indeed rare and for those investors which are somewhat wise than others will see this as an opportunity like myself but it cant really avoided for you not to hesitate.
Average down will be good if you do accumulate gradually.If you had purchased or able to buy on 8500 levels since the price goes even lower on sub 8k then you can accumulate even more.Waiting for too long will result into missing chance and yes this time there are blood on the streets and we know that this is the best opportunity to take but somehow dont
remove into your mind about the risk involved from time to time.We arent holding up the future and anything can happen so its your choice.

[blueteam09]

Hi all,

I want to invest some money in Bitcoin (long term investment)
It's better wait the next fall down (like the situation on December/January), or buy now?
Otherwise fixing a target for example 7000 or 8000 $ and buy in that moment?

Thank you in advance for your suggestion

You should buy Bitcoin now as the market continues to dump, you will be able to buy Bitcoin for $ 8000 or less, I believe this is an ideal price to buy it. After you have purchased Bitcoin, wait for the market to recover, and profits will come. I am very happy that the dump market opens up investment opportunities for so many people.

[Coin-1]

Otherwise fixing a target for example 7000 or 8000 $ and buy in that moment?

As the BTC price has already fallen to $8K this week, Bitcoin looks attractive to buy. By the way, the entire cryptocurrency market has been dumped drastically and most altcoins have also dropped by -20%.

I always keep in mind that the Bitcoin mining reward will be halved in 6 months, so its price is likely to grow in the near future. I assume that the current strong support level is about $6K. In any case, this is a good opportunity to accumulate some BTC coins in advance. I think that Bitcoin will not be lower than $6500K in May 2020.

[rodel caling]

Hi all,

I want to invest some money in Bitcoin (long term investment)
It's better wait the next fall down (like the situation on December/January), or buy now?
Otherwise fixing a target for example 7000 or 8000 $ and buy in that moment?

Thank you in advance for your suggestion

Actually harder to give any advise or suggestion at this current situation to avoid blaming, this situation difficult predict where bitcoin price go on, is better to wait and observer first before to decide to buy for investment, of of course a lot pf people they advise price drops is opportunity to buy bitcoin investment but before we do that we need to also to analyst and observe the situation to make talented decision.

[figmentofmyass]

You just got what you wish for. I'm not sure if it could go down to $7k but 1k isn't going to matter when you aim for long term investment. Right now could be the last price you see btc to dip this low. Remember that its strong support was at $10k weeks ago.  Think of doubling your money in months.

let me play devil's advocate for a moment. if that strong support just broke down, why is it a good buy? don't you think we may need to flesh out a new trading range and establish new support levels first?

i'm not usually one to catch a falling knife myself. i like to buy either a strong reversal/uptrend or a double bottom formation. this is a high risk entry here.

[Ayiranorea]

You just got what you wish for. I'm not sure if it could go down to $7k but 1k isn't going to matter when you aim for long term investment. Right now could be the last price you see btc to dip this low. Remember that its strong support was at $10k weeks ago.  Think of doubling your money in months.

let me play devil's advocate for a moment. if that strong support just broke down, why is it a good buy? don't you think we may need to flesh out a new trading range and establish new support levels first?

i'm not usually one to catch a falling knife myself. i like to buy either a strong reversal/uptrend or a double bottom formation. this is a high risk entry here.

It is a high risk entry time, but there is assured growth and we can profit out of the same if we have patience. Here Op too isn't looking for an immediate profiting, upon which this can be considered the right time to buy. Along with the same to reduce the risk it is better to wait a little as the price could fall even lower. Importantly Op has a target of $7000 - $8000, now this is reached. Further it is his money and he is supposed to take decision.

[GreatArkansas]

I have also that on my mind, remember this when we reached the all-time-high and pullback to $6,000 areas.
A lot of people telling that "I will gonna buy when it will fall on $4,000" and later, bitcoin dumps below $4,000.

But look, a lot of people afraid to buy when it was below $4,000. A lot of regrets at that time, when the year 2019 starts, from around $3,300 ALL THE WAY up to $13,000.
So, those people who afraid to buy and wait for their perfect opportunity are full of regrets, it's really sad for them.
You can't really know the perfect time. Or much better, you do the Dollar Cost Averaging when buying bitcoin.