Is this the right time to buy now? Or wait for a bit to go even lower?

[cheezcarls]

Tone Vays took to Twitter recently to make an exceptionally bearish call regarding Bitcoin. He claims that it will soon be the “best time to ‘buy the dip’ for years to come.”

Tone Vays is a popular cryptocurrency trader who has caused divisions in the cryptocurrency community, so much so that some tend to counter-trade his calls. That being said, Vays has just made a new bearish call for Bitcoin which he claims will be the best buying opportunity yet.

Source link here

Of course, everyone can predict and say that it’s now the best time to “buy the dip” like Tone Vays.

However, if you are indeed a long-term risk taker or a day trader, you can take his advice. However, I am still not yet sure if this is already the last time that Bitcoin will reach its bottom.

In my own analysis, I can say that Bitcoin may be pumping a bit later and then going to drop again and meet its bottom. Halving won’t even guarantee us that Bitcoin would pump.

Honestly, I would like to wait a bit before it goes down even further to fill my buy order.

[Linkkoin]

Honestly, I would like to wait a bit before it goes down even further to fill my buy order.

We think there is still space for lower lows than the one from today, we could even see the BTC price to temporarily go below $6000 - the annual Christmas sell-off period just started (so has our special offer), and still, there is a lot of space for shouting"Oh My, BTC is dead".
Then of course after the golden cross taking place recently (100&50 DMA, unseen since 2016) and waiting for the nearest halving - we could expect a lot of hype and pretty nice gains.

But as they say, only death and taxation are the only 100% reliable thing to happen.

[Colt81]

Sad to say that bitcoin's price is really down today that it's price has reach to 6,776 USD, so i think while the price of bitcoin is now more cheaper it will be the best time to buy it because a lot of people still believes that it will increased it's price in the year of 2020, so if it increases there are chances that you could double or triple your money.

[Doell]

I can't estimate the price anymore and I don't want to be provoked by the words of the predictor but if I have more funds I will continue to buy for the long term mate now or later if its at the lowest price ,I'm still thinking whether the price will drop to 5000 USD because of era of disposal for the holidays?

[thirdprize]

You look at the graph for the last six months and the price is going down.  The odd jump here and there but generally it is going down.  No sign of levelling off either. I'd wait for $5K.

[ice098]

Sad to say that bitcoin's price is really down today that it's price has reach to 6,776 USD, so i think while the price of bitcoin is now more cheaper it will be the best time to buy it because a lot of people still believes that it will increased it's price in the year of 2020, so if it increases there are chances that you could double or triple your money.

Indeed, I am very sad now, because bitcoin is down now, but if I have an enough money Id rather buy more and more bitcoins because I believe that it could pump again few more days now. It is the best time to buy bitcoin, seriously, it is the right time. Buy now, before it pumps, i thought last time when it hit $7300 is the best time , but I think today is the best.

[pjcaruci]

Definitely need to buy right now. If you wait, you may not be in time.

[BrewMaster]

it depends! things aren't the  same for everyone.

for example an investor who simply has extra worthless fiat laying around and dumps it for bitcoin every now and then should not focus too much about where the "bottom" is. their wait would only lead to missing out.

but on the other hand a day trader who is making profit from 5% changes, must put all his effort and focus on finding that "bottom" because buying higher means he loses money since he is a DAY TRADER. and waiting too long means again he loses money since he couldn't buy and price goes up and past his profit margins.

so the answer to "is it the right time?" is both yes and no. it is up to the users to decide which group they belong to.

[kaya11]

Tone Vays took to Twitter recently to make an exceptionally bearish call regarding Bitcoin. He claims that it will soon be the “best time to ‘buy the dip’ for years to come.”

Tone Vays is a popular cryptocurrency trader who has caused divisions in the cryptocurrency community, so much so that some tend to counter-trade his calls. That being said, Vays has just made a new bearish call for Bitcoin which he claims will be the best buying opportunity yet.

Source link here

Of course, everyone can predict and say that it’s now the best time to “buy the dip” like Tone Vays.

However, if you are indeed a long-term risk taker or a day trader, you can take his advice. However, I am still not yet sure if this is already the last time that Bitcoin will reach its bottom.

In my own analysis, I can say that Bitcoin may be pumping a bit later and then going to drop again and meet its bottom. Halving won’t even guarantee us that Bitcoin would pump.

Honestly, I would like to wait a bit before it goes down even further to fill my buy order.

Well we all do hope that it will be going down further, and after days gone by hoping and mange to skip the bottom and will still hope to buy at the dip, it is too late, we will be regretting this time, the time it is still available for us commoners who got spare amount of money that we did not take the chance for a once in a lifetime moment in the future. Every moment in this time is a great chance, or else may this will be our last to see this price ever again, we should gamble and take the risk-buy and hodl.

[Dabs]

For long term holders, it's always a good time to buy now and just wait a few years. It's time in the market, not timing the market. You may not have a chance to buy at a better rate, or you could simply set a limit buy order at your preferred price point.

[aardvark15]

It’s possible that he’s right but earlier in the summer he thought that Bitcoin would potentially drop to around $1000 so I didn’t buy at $3200. Obviously it never dropped to $1000 so I should have gone all in at $3200.

[Casdinyard]

For long term holders, it's always a good time to buy now and just wait a few years. It's time in the market, not timing the market. You may not have a chance to buy at a better rate, or you could simply set a limit buy order at your preferred price point.

I would agree to that and besides you'll start losing when you start selling. So whichever happen, don't sell at loss and do long term holding.
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Even we rely on graphs, it isn't accurate anyway hence the past graphs would tell to our face that what happened before might not happen again. Tbh, I believe on those before but seems change is really constant and it's not enough to rely on those. Nonetheless, just bought at the price that you think you can afford to lose

[target]

It’s possible that he’s right but earlier in the summer he thought that Bitcoin would potentially drop to around $1000 so I didn’t buy at $3200. Obviously it never dropped to $1000 so I should have gone all in at $3200.

Very risky market so they say. If an investor have gotten your BTC being an early investors or have mined it from the beginning then there is not risk for him to sell right now and then convince the market to drop to $1000 and all gains are for him. But that is if him can successfully do it and can still by back at less than $1000.  Sick and greedy investors.

I wouldn't recommend buying right now unless its down to $3k. If its going to be to go that low, I hope it stays that low for a very long time for maybe 5 years or so.

[bitzizzix]

Depending on the price you are targeting to buy it and it's better to wait for bitcoin to be reduced by around $ 6,000 or lower, and make purchases according to your ability and not impose your abilities because the current movement of bitcoin is difficult to predict.
and it is best to do an analysis before you buy it whether there will be an increase or decrease in the near future, and if you are in doubt you must make a long-term investment to avoid worry and panic.

[Youghoor]

Once you have sufficient knowledge and understanding about the entire bitcoin market, knowing when to buy or sell your bitcoins as a daily trader or an investor becomes easily. Considering the market price of bitcoin now, as a new investor, you are not really convinced that the market value will start increasing once you buy the bitcoin. It is likely that the price might further decrease which indicates that you as a trader or investor is running at a loss.  So my point is that, knowing and understanding the bitcoin market is essential in terms of when to buy or sell your bitcoin.

[teosanru]

Tone Vays took to Twitter recently to make an exceptionally bearish call regarding Bitcoin. He claims that it will soon be the “best time to ‘buy the dip’ for years to come.”

Tone Vays is a popular cryptocurrency trader who has caused divisions in the cryptocurrency community, so much so that some tend to counter-trade his calls. That being said, Vays has just made a new bearish call for Bitcoin which he claims will be the best buying opportunity yet.

Source link here

Of course, everyone can predict and say that it’s now the best time to “buy the dip” like Tone Vays.

However, if you are indeed a long-term risk taker or a day trader, you can take his advice. However, I am still not yet sure if this is already the last time that Bitcoin will reach its bottom.

In my own analysis, I can say that Bitcoin may be pumping a bit later and then going to drop again and meet its bottom. Halving won’t even guarantee us that Bitcoin would pump.

Honestly, I would like to wait a bit before it goes down even further to fill my buy order.

This is a question you would always ask when it comes to bitcoin. People who were trying to buy it at 5k during the bull run asked the question but did not buy and when price went high they still waited for the dump and then we saw bitcoin going to 19k in just one stretch and then they realized it might be imminent and brought it and are in huge losses today. So as per my opinion either make yourself a trader because other's advise will always be variable never would you see more than 60% people in the market holding one opinion as to buy or sell or the second option is to just buy in small proportions every time you have a chance to buy just like a systematic Investment plan so that atleast you are winning in the long term.

[Darooghe]

I think, trying to time the market is a bad idea, and will end up eating at your brain. the easy answer is to do dollar cost averaging, buy every pay day a set amount, and do this for a few years. this way you buy when it is high and you buy more when it is low. This is one of the most common and successful investment strategies that reduces your risk and producing long term stability and gains.

however, If you are worried that you missed the Bitcoin Boat, and if you can take a long term view, I can say the right time to buy Bitcoin is whenever the cost is less than US $14,000.

[Raflesia]

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I wouldn't recommend buying right now unless its down to $3k. If its going to be to go that low, I hope it stays that low for a very long time for maybe 5 years or so.

If bitcoin is going down to $ 3,000 it is not possible and there is still a long way to say like that if you have strong guts it is okay to buy now as low as only $ 6400 and after that it will be pumped again but not so prominent.
In the next 5 years bitcoin will show the real price can be relied upon is not difficult to predict.

[Wysi]

It’s possible that he’s right but earlier in the summer he thought that Bitcoin would potentially drop to around $1000 so I didn’t buy at $3200. Obviously it never dropped to $1000 so I should have gone all in at $3200.

You were not alone as I tried sold my bitcoin around the same value which I had purchased when the value started dropping down assuming it will pump but it dropped beyond the expectation only to pump up. I am into crypto for a long time still I made the same mistake, sometimes our emotions take better control of us but we need to learn from it and use it as an advantage.

[Asuspawer09]

Tone Vays took to Twitter recently to make an exceptionally bearish call regarding Bitcoin. He claims that it will soon be the “best time to ‘buy the dip’ for years to come.”

Tone Vays is a popular cryptocurrency trader who has caused divisions in the cryptocurrency community, so much so that some tend to counter-trade his calls. That being said, Vays has just made a new bearish call for Bitcoin which he claims will be the best buying opportunity yet.

Source link here

Of course, everyone can predict and say that it’s now the best time to “buy the dip” like Tone Vays.

However, if you are indeed a long-term risk taker or a day trader, you can take his advice. However, I am still not yet sure if this is already the last time that Bitcoin will reach its bottom.

In my own analysis, I can say that Bitcoin may be pumping a bit later and then going to drop again and meet its bottom. Halving won’t even guarantee us that Bitcoin would pump.

Honestly, I would like to wait a bit before it goes down even further to fill my buy order.

We don't really know the what is going to be the market price if we already buy the bitcoin, we cannot accurately predict the market price of bitcoin since there are so many things need to consider like supply and demand of the market place are a lot of delays in a lot of countries, we know that if we already buy bitcoin the market price need to recover from that time, recover in volume so that it could increase its market price in the market with the bitcoin could recover. So I think it just a matter of prediction and luck when it comes to investing in bitcoin or cryptocurrency.