Hello,
I'm new here and i really wonder how do you analyze the statistics and make the decision of buying Bitcoin. For example, i want to invest in Bitcoin but don't know the right time to buy. Current price is 8756.70USD and it can probably keep increasing. Should i wait for it to decrease? How long could it be keep increasing in value? When is the best time to enter the market for me?
There are too many information in this forum so i felt kind of lost here. I would really appreciate any kind of advice.
Thanks
If everybody who intends to buy wait for it to fall, then there won't be need for it to rise to the point you are quoting currently. But when people buy, they do so for two reasons
1. They can afford it whether with the excess they have, or going behind their means, they just can afford it.
2. They have the hope that the price will increase which is what is keeping them sane even in the situation where things are not going according to plan.