Ninjastic
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Board Economics
Re: Is NOW the best time to buy or enter in bitcoin?
by
genocide
on 07/05/2018, 11:30:44 UTC
Quote from: lordquanta on September 18, 2017, 07:15:01 AM
Bitcoin prices plunged from $4900 to $3300 withing pan of few days. Now some news-points from bitcoin world are claiming this price plunge was planned. Check following links:

https://news.bitcoin.com/after-the-boss-calls-bitcoin-a-fraud-jp-morgan-buys-the-dip/
http://btc-flow.in/2017/09/16/after-the-boss-calls-bitcoin-a-fraud-jp-morgan-buys-the-dip/
http://btc-flow.in/2017/09/16/after-the-boss-calls-bitcoin-a-fraud-jp-morgan-buys-the-dip/

Now without going into whether above claims are true or not, my concern is "Isn't this is the right time to enter the bitcoin market or purchase few more". There is definite signs of improvement in the bitcoin price market. Current price is around $3757. It is quite possible to see bitcoin back to 4k to 5k or more. Given biggest players from finance sector are eying this lucrative market.
What do you think, is this is right time to buy some more bitcoins or wait and watch?


As the price is still low, I think it is the best and right time to buy bitcoins. Participating in buying bitcoins makes the price of bitcoin to increase the price as it also increasing the percentage of demand. Bitcoin market involves also the supply and demand strategy.