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Author Topic: Is it a good time to buy Bitcoin ?  (Read 935 times)
philipma1957
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November 07, 2020, 10:00:16 PM
 #61

Hello guys do you think now is a good time to buy bitcoin for trading in cryptocurrencies not for holding it
because the current price looks too high for me (13500$) but im affraid that if i wait it will go more higher to 16k-20k
do you think BTC can fall again at least to 9000$-10000$ or that's not gonna happen and i need to buy it at this price ?

Buy buy buy.

Just buy $50 usd a week.

Or $100 usd a week.

Don't look back.

Can you spend $50 a week for 50 weeks?

Or better yet 100 a week for 100 weeks?


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November 08, 2020, 02:24:33 PM
 #62

You can buy Bitcoin at the current price, because the dump that occurs is a healthy correction for the market,
after this is a real bullish market, you can see after the weekend.

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November 08, 2020, 02:45:44 PM
 #63

Buy buy buy.

Just buy $50 usd a week.

Or $100 usd a week.

Don't look back.

Can you spend $50 a week for 50 weeks?

Or better yet 100 a week for 100 weeks?

I wonder if we take the past 100 weeks and calculate such an investment, will it be profitable? At first glance, yes, since the periods of growth were long, and the falls were sharp. Have you checked your advice against historical data? Or are you putting your advice to the test in practice?

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philipma1957
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November 09, 2020, 01:36:41 AM
 #64

Buy buy buy.

Just buy $50 usd a week.

Or $100 usd a week.

Don't look back.

Can you spend $50 a week for 50 weeks?

Or better yet 100 a week for 100 weeks?

I wonder if we take the past 100 weeks and calculate such an investment, will it be profitable? At first glance, yes, since the periods of growth were long, and the falls were sharp. Have you checked your advice against historical data? Or are you putting your advice to the test in practice?

I mine and my deal is 1/2 the coins for the room and the power.

So once my gear is paid off. I buy all my coins at 1/2 price.
every two years i need to upgrade gear so I make money but dont get rich

My advice to buy 100usd 100weeks in a row. worked as long as you did not start 

nov 1 2017

through

feb 1 2017



now if you did do 100 usd a week starting in that time period. and held after the 100 weeks were done.

say dec 1 2017 to nov 14 2019.  you would be down. on  nov  14 2019  but now that we are past 15000

if you held it would be over 100 x 100 = 10000 usd.

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November 09, 2020, 01:47:20 AM
 #65

Regardless of your reason (either for trading or for holding) its always advisable to buy when the price is declining.

Dont buy if the price is increasing because it cant be a consistent movement, remember that the price is high volatile.

Therefore its better to wait for dip before buying. Its a basic rule that a trader should know.

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November 09, 2020, 03:57:35 AM
 #66

It all depends on your plan to invest and most importantly you buy it at the right time and not in a hurry, and if you are planning to invest in the long term I think you can buy it at any time.
and just waiting for the price to rise high to sell it back even though it takes a long time, the important thing is to sell above the price you bought before and believe me bitcoin will always give you the opportunity to give a good profit if you are patient and take advantage of the opportunity at the right time.

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November 09, 2020, 04:02:58 AM
 #67

Regardless of your reason (either for trading or for holding) its always advisable to buy when the price is declining.

Dont buy if the price is increasing because it cant be a consistent movement, remember that the price is high volatile.

Therefore its better to wait for dip before buying. Its a basic rule that a trader should know.


Before it is too late as soon as possible, it must be done when you are sure of the decline, then buy, but that also cannot guarantee whether the price will go down or rise which is clear when holding longer, regardless of the current price, it will definitely be bought.

But the current price is quite high but my level is $17k will be reached so it is possible that the current figure can still be corrected to buy and see how the movement and this must be monitored so fast the movement occurs.

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November 09, 2020, 05:10:18 AM
 #68

It all depends on your plan to invest and most importantly you buy it at the right time and not in a hurry, and if you are planning to invest in the long term I think you can buy it at any time.
and just waiting for the price to rise high to sell it back even though it takes a long time, the important thing is to sell above the price you bought before and believe me bitcoin will always give you the opportunity to give a good profit if you are patient and take advantage of the opportunity at the right time.

I take this as consideration to buy bitcoin for the long term, and not selling in a big part of bitcoin if the price does not increase so high. We can buy bitcoin any time we want, and that will not depend on how much the price now. Even if we buy bitcoin at the price now at $14k, if we still believe in bitcoin and we want to hold for the long term, we will make a good profit. As long as you can manage your money to buy bitcoin and you are not panic or rush to sell bitcoin, you will see bitcoin price will increase high in the future. So that will be your time to sell your bitcoin and make a profit.

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November 09, 2020, 07:38:02 AM
 #69

Hello guys do you think now is a good time to buy bitcoin for trading in cryptocurrencies not for holding it
because the current price looks too high for me (13500$) but im affraid that if i wait it will go more higher to 16k-20k
do you think BTC can fall again at least to 9000$-10000$ or that's not gonna happen and i need to buy it at this price ?
for now, buying bitcoin is not the right time because the price is already very high you better buy altcoins if you don't have much capital because if you don't have a lot of useless capital it will be a waste of you if you invest in bitcoin at this time it's not quite right because prices have soared.

altcoin investment solutions with a slightly low price, you can see that the current ethereum price has reached $ 445, this is quite the right time to buy top altcoins because you can get big profits if good news occurs, it will make all prices go up especially supported by bitcoin prices has gone up so fast.


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November 09, 2020, 09:28:52 AM
 #70

Hello guys do you think now is a good time to buy bitcoin for trading in cryptocurrencies not for holding it
Well it is still good way to buy and hold mate because trading bitcoin daily is not that advisable for me and also not profitable.
Quote
because the current price looks too high for me (13500$) but im affraid that if i wait it will go more higher to 16k-20k
You're speculation almost come true as the price of Bitcoin move above $15,000 and almost took that 16,000 position
Quote
do you think BTC can fall again at least to 9000$-10000$ or that's not gonna happen and i need to buy it at this price ?
Sorry but i don't wanna feel that dump these good market time,and why keep on asking fall when we are already in hype?

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November 09, 2020, 09:58:45 AM
 #71

Buying at low is what the most had to practice and this the preferred price. But if you are eager to start buying Bitcoin this time, at the point where the price moving high, less assurance that you can make good gains after. Make respect to its volatility, dumps is really inevitable, and that closely possible it happens when the price at its hypes. My suggestion to you is that don't take the risk this time, you'll be caught in a trap. May altcoins have a better position than Bitcoin just to look for a potential one.



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November 09, 2020, 11:42:41 AM
 #72

Buying at low is what the most had to practice and this the preferred price. But if you are eager to start buying Bitcoin this time, at the point where the price moving high, less assurance that you can make good gains after. Make respect to its volatility, dumps is really inevitable, and that closely possible it happens when the price at its hypes. My suggestion to you is that don't take the risk this time, you'll be caught in a trap. May altcoins have a better position than Bitcoin just to look for a potential one.
Lower market price is the ideal but profit would still be earned from investing at this point even if the market value is already high. There is already a momentum in its market price which is something to hope for if you are planning to invest right now. If you are hesitant, that's fine, you are free to wait for a downfall to occur but there's no guarantee to when will market price increase occur after that because market behavior is uncertain in the first place. Market analysis therefore is needed before making an action. Whether to invest or not, the choice is yours to make.

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November 09, 2020, 11:55:28 AM
 #73

Q4 is the month for Bitcoin, if you look at 2017 and 2019 in Q4 the Bitcoin price has increased,
and of course 2020 has also increased, and only 2 months left,
I predict the price of bitcoin will reach a new all time high this year and will continue until 2021.
Even it does not guaranteed that the price will also increase before this year end but seeing how the market reacts now after PayPal news chances is that it will still good to buy to take advantage of the price increase if ever it will happen again though there is a need to wait even a little dip since the price we're still consider too high now. Keep monitoring the graph and see where it suits to put some investment

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November 09, 2020, 06:41:39 PM
 #74

Long term never really has a bad entry point, that is the point with bitcoin, you could have bought at $20k and I know you would have been in loss for the past 3 years and that is a bad thing but in 10 years even $20k will be looking cheap anyway so you are getting involved with something profitable. Literally logic would be not getting involved at $20k and when it dropped to $4k you should get there, buying at the bottom is the most important thing and you should always try to do that, instead of fearing bitcoin dying and no longer existing because prices are going down, you should think of it as discount and buy it when it is cheap.

However, this logic just stands there even at the all time high prices (which you shouldn't buy if you can) you could still profit in the long term.
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November 10, 2020, 02:49:39 PM
 #75

From 15.5k it has fallen just below 15k but due to the string resistance at that zone the price bounced back and crossed again 15.5. So any dips at that range is looking for now a good buy. And for trader/short term holders that is a good thing as you can make quick profits in very short time.

fast profits only have futures traders, to be honest I don't like futures trading,
although it can make a lot of money but it can also make our capital lost,
it's terrible, it's better to buy Bitcoin now on the spot market.

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November 10, 2020, 03:01:13 PM
 #76

13k ago and 15k now, I think you need to decide soon. Bitcoin will continue to break through resistance levels to new highs and you'll regret it.

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November 10, 2020, 03:11:41 PM
 #77

From 15.5k it has fallen just below 15k but due to the string resistance at that zone the price bounced back and crossed again 15.5. So any dips at that range is looking for now a good buy. And for trader/short term holders that is a good thing as you can make quick profits in very short time.

fast profits only have futures traders, to be honest I don't like futures trading,
although it can make a lot of money but it can also make our capital lost,
it's terrible, it's better to buy Bitcoin now on the spot market.

It's an option to take and traders have different view points, whatever your take just make sure that it will favor you and good
understanding behind your decision making is really taking place.

It's your money to take and whatever investment strategy you have, best to make sure that you are knowledgeable with any specific
target that you are aiming,

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November 10, 2020, 09:52:47 PM
Last edit: June 12, 2023, 02:23:17 AM by STT
 #78

Price is just going sideways this week, wait for the break either way.    Everyone will give an opinion on whats expected but its better to take part in a price thats actually confirmed in a direction, right now this area is indecision and it can literally go either way from what I've seen.    You are not buying into a bullish channel or I'd recommend buying on the lows, its possible we top here for this year then move later but I dont know till it actually does something new really.
  Similarly if it moves down, you have the benefit of gaining more BTC for the same exchange of currency and also arguably the luxury of time to observe price settling and buying into those lows.   Breaking upwards will give enough time to buy in and allow anyone to be part of the larger yearly price action.

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November 11, 2020, 11:40:44 AM
 #79

I wonder if we take the past 100 weeks and calculate such an investment, will it be profitable? At first glance, yes, since the periods of growth were long, and the falls were sharp. Have you checked your advice against historical data? Or are you putting your advice to the test in practice?

I mine and my deal is 1/2 the coins for the room and the power.

So once my gear is paid off. I buy all my coins at 1/2 price.
every two years i need to upgrade gear so I make money but dont get rich

My advice to buy 100usd 100weeks in a row. worked as long as you did not start 

nov 1 2017

through

feb 1 2017



now if you did do 100 usd a week starting in that time period. and held after the 100 weeks were done.

say dec 1 2017 to nov 14 2019.  you would be down. on  nov  14 2019  but now that we are past 15000

if you held it would be over 100 x 100 = 10000 usd.

It may be a profitable strategy, but I think cryptocurrency investors are expecting big profits for such long periods of time. On the other hand, if we are talking about investing in conditions of limited resources, then this is a good approach that allows both to accumulate capital and to receive profit from the very first investments.

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November 11, 2020, 01:05:21 PM
 #80

The market is in good resistance to grow higher than falling backwards. This time it is time to hold than thinking to buy. Right now big players will make large volume buys and tries to manipulate the market. By the time the market will move in either direction. It can go forward to reach $16000 or else down to $14000 or even below. By the time one can buy again than buying at the higher resistance level.

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