Post
Topic
Board Economics
Re: Is NOW the best time to buy or enter in bitcoin?
by
thend1949
on 03/06/2018, 14:02:31 UTC
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?

For me it is still the best time to buy since the price for now is still at low. This is the price to buy because the price of bitcoin will soon to rise. If somebody will buy for now and then hold it for a long time, he will be lucky because the price will be rising soon.
I don't think that's the first thing to consider if when is the best time to buy or enter. It's about the willingness to learn about the nature of bitcoin, basic principles, technical and fundamental analysis, and the preparedness to manage risks factors, and volatility. Having the patience and positivity that price fluctuation is a normal trend and keeping calm is the best thing to do to mitigate pressure and unproductivity.