Quote from: Windpower on July 08, 2017, 09:30:30 AM

Quote from: freundes on July 08, 2017, 07:39:32 AM

When is then best time to buy bitcoin and when do you think is the best time to sell?
I think its a great time to buy now but when is a good time to sell (if you have any idea please share)

Between 7 am and 10 am I would say. That is when I get the best prices..... I am kidding, if you couldn't tell.

There is no set time for when you should buy or sell Bitcoin. It really just comes down to your gut feeling on whether the time is right or not. Studying price graphs may help you out in the slightest bit, but no one can predict the future and tell you what is going to happen to Bitcoin.

I am a strong believer that you should just buy Bitcoin whenever you have the funds available. Like killyou said, the demand for Bitcoin is rising rapidly but there is only a set amount. As more people want in, the price will rise and soon, you will be "sitting on a gold mine".

I agree with this. The bitcoin attracts more people every single day. These people maybe traders, buyers, sellers and others. Upon increasing their numbers, it also increases the demand on its fixed supply, hence, based on the law of supply and demand, as the demand increases, supply decreases, but since bitcoin is convertible and just consumable only online, its supply will not be depleted because it will just go back to the suppliers in the internet and goes on in cycle. But the fact that it became more popular, the demand itself will cause its price to inflate.