Ninjastic
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Re: Is NOW the best time to buy or enter in bitcoin?
by
ervinmadureri
on 28/07/2018, 23:25:54 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?

I think that at this point you should change bitcoin, you can see that the bitcoin price is recovering very strongly and is in the uptrend so change the bitcoin you will get profit. At present prices of altcoin are constantly decreasing and can continue to fall even further as bitcoin prices increase. So I think that at this point you should only short-term investment by day and it is best to convert to bitcoin.