Post
Topic
Board Trading Discussion
Re: Is it a good time to start buying bitcoins?
by
Twinscoin2017
on 15/07/2018, 04:18:30 UTC
Well if you still positive that bitcoin will boom at end of the year then now is the right time to start buying since its price has dropped again. As usual, most of us here predict that bitcoin will reach $20K at end of this year like what had happened in the last quarter of 2017. So invest now and let's just wait and see.
I think that when a property tends to go down in price, it is extremely difficult to determine if it has hit bottom or not to buy bitcoin. However, using technical analysis, we can at least give you a rough idea of ​​the price, which can help you a lot. Remember that as the panic spreads, the downturn can surpass your imagination.
So you can see that the crypto market is a market without peaks, so we can not know how much bitcoin will increase and how much. The market is in the bearish trend in the long term, so to be able to trade successfully and least risky you should only trade short-term by day. According to my analysis, the bitocin price will probably drop to $ 5800 so you should not buy bitcoin at this time.
I believe that the bitcoin price today is really a big opportunity or maybe chance to buy more because we can now buy in a very low amount of capital .And I believe that it will be a big chance for us to gain a huge amount of profit because we are now experiencing the huge dip of the bitcoin price. I believe that next to the huge dip is the huge pump. Bitcoin will not drop forever it will soon rise.