the best time ? ithink it will be delayed this time just wait till the bitcoin price really small like $600 then invest all your money in bitcoin im pretty sure that you could get a multiple of earnings after a years all you need is patience and you need guts in order to take the risk. bitcoin is not that risky because while waiting till the bitcoin price increase you could play some gambling or maybe do trading addition in your earning.
but to me i think if you want to wait or this price, i think then you can only wait and the price of bitcoin is not coming down to this price, i think it is still better to trade bitcoin in the present price as you will never find any opportunity to trade bitcoin even in this price in future.
If you are going to hold your bitcoins for long term then I think even the current price is the best price to invest in bitcoins as everyone is hoping to see the price of 2000 usd by the end of the year so if you buy now then you can make good profits by selling them at that price.
I will have to agree with that.
I believe there is no right time for buying bitcoin. It will always rise as we are getting populated. They want bitcoin in every wallet they want and it is a good thing.
Maybe some do wait because they have a prediction in their mind that it will go down. But what if it will not? Then you would just regret it at the end.
Yes that's what I was trying to say in my previous post that if we don't buy now and if price keeps on getting higher then we would regret for not investing in it at the right time so if you can hold it longer then its good to invest in it at any price
In fact, it cuts both ways
And you should be particularly cautious not to cut yourself in the process. People are more inclined to buy when the price is going up but the main issue with that is after the price spike always comes the correction. If you look at the Bitcoin price chart you will easily see that. On the other hand, when the price goes down people become scared and don't want to buy in when they see price crashing. In other words, just like there is panic selling, there is panic feeling which prevents folks from entering the market when the fear is at its peak. And this is where the trend usually reverts and the price goes up again