Post
Topic
Board Speculation
Re: Will BTC touch $8k - $10k??
by
magneto
on 23/12/2017, 07:00:50 UTC
BTC has fallen too fast. What do you think about the current market? Should I wait for BTC $ 8k and buy?

I doubt it very much. In my opinion you should have bought at $13k or even right now. Below $16000 should be a good value to start buying for the short-medium term, assuming that the correction comes by the end of the year.

The best strategy is actually buying a bit at a time instead of trying to time your entry point completely right.

Let's face it - at the lowest point you're probably going to freak out and not buy any, and try to wait a few more days. It's almost impossible to predict what the low is but it's certainly not going to be below $10k for this time.

Start buying with 20% of your capital every single day, for 5 days. That's risk minimalisation for you.