Post
Topic
Board Economics
Re: When is the right time to buy bitcoin ?
by
OracionSeis
on 02/11/2017, 17:07:01 UTC
[...]

You will have to find out for yourself if you are willing to take the risk of buying at the $ 3K mark. If you are in for a long term investment personally I don't think you will regret buying now. If you are aiming for the absolute bottom then at least wait what the weekend will bring you.

[...]

It is worth noting that hitting the absolute bottom is as easy as hitting the absolute top, ie. it takes a lot of skill and luck to make the right call. So if you feel the need to enter the market, consider buying in step by step. However remember that this may be beginning of a long term bear market, so while I personally am fairly positive that we're going to recover in a few weeks it may take years until you're able to turn an actual profit.
This is the right time to buy bitcoin because as of now the value of bitcoin rises up into $6500 and it is so good for many traders and bounty hunters like me. Because more income is coming.
If you had bought Bitcoin at $6,500 you can take profits today. The price of Bitcoin has breakout $7,000 today and to be honest, I don't think it can breakout this strong resistance price soon as today after breakout $6,000. Maybe, the price of Bitcoin still continue to grow more until the hardfork happen.