Ninjastic
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Board Economics
Re: The best time to invest.
by
deisik
on 04/11/2017, 10:15:17 UTC
Quote from: mrcash02 on June 16, 2017, 12:10:35 AM
Quote from: deisik on June 15, 2017, 08:10:58 PM
Quote from: mrcash02 on June 15, 2017, 06:09:16 PM
Quote from: PancherBitCoin on June 15, 2017, 06:04:41 PM
Quote from: KesoNie on June 15, 2017, 04:57:57 PM
Quote from: Sharah E on June 15, 2017, 01:53:33 PM
Now is the right time to invest by buying bitcoins, bitcoin prices are now down trend, and I predict bitcoin prices will rise again until the end of the year, maybe could reach $ 5000, i hope so
yes i think it too, now will be the best time to buy bitcoin, i planned to buy bitcoin or if i have been earned bitcoin now i am planning to save it to my wallet and never withdraw it, i will make that as my long term investment for my future use.
Today the market of crypto currency is very feverish, And at this moment one can very well catch time to buy a good amount of current crypto currency. Maybe other altcoin will pay attention to this, but I would prefer to buy Bitcoin if it drops a little. The fact is that soon the Bitcoin course will go up and time will be lost.

It's already dropping, the right time to buy Bitcoins. In my opinion, to buy altcoins now is a waste of money as you can make much more profit with the instability of Bitcoin price. Watch the charts and when the price start increasing again you buy on that moment and hold. In few days it will be already possible to make profit, if you want, by selling the BTCs more expensive

Have you actually tried trading altcoins?

Obviously, I refer to major ones, such as Litecoin (which I'm trading nowadays) and Dogecoin (which is a joke but still quite tradable anyway, and which I successfully traded in the past). If you are looking for volatility, their volatility exceeds Bitcoin's by a good margin, while their price (at least, Litecoin price) follows the price of Bitcoin pretty tight (I refer to correlation here), so you are sort of insured from unexpected crashes (if these crashes don't come from Bitcoin itself, or course)

I'm not trading Altcoins, I don't want to exchange BTCs into an Altcoin and lose an opportunity of profit when BTC prices increases a lot or when it drops a lot, so I prefer to keep the money only in Bitcoins, safer Crypto-Currency. To say the truth, I'm not checking the price of Altcoins very much, but as you say LTC is having a high volatility I will give a look on it, maybe it could be nice to try.  Smiley

Yeah, you should have definitely looked into it

If you did, you would have earned like 3x if you bought litecoins at 30 dollars per piece as was the price back then (provided you would have sold the coins somewhere over 90 dollars later). If you then had entered Bitcoin again at the July lowest of below 3,000 dollars per bitcoin, you would have again made over 2x. The lesson to take home is that we should not discard any of the major coins (Bitcoin included) since moving your capital from one of these coins to another at the right time lets you earn simply insane profits