Post
Topic
Board Speculation
Re: Bitcoin had a drop recently, that means is a good time to buy some?
by
magneto
on 26/02/2018, 09:26:38 UTC
I am a new user of this, still learning on how it works and not sure how to start buying.

Now, just after the drop, will be a good time?

Expect some panic dumps after bitcoin price continues to stay under $10k.

Buying some now isn't really about what the price is. It's more about what your personal strategy is.

I would recommend doing some dollar cost averaging when buying coins, aka buying in equal chunks regardless of the price, as long as the price is below $9-10k. That way, you're not getting the best deal, but at least you're not getting the worst either. It's a good strategy to start buying coins for the long term.

If you're speculating short term, buy when prices drop to $8-8.5k and buy there, wait for the recovery back up to $10k+ and go from there. Just my opinion though.