Quote from: magneto on August 01, 2018, 09:09:22 PM

Quote from: Jeanson1209 on July 25, 2018, 07:11:25 AM

Bitcoin break past the $8,000 mark. Do you think the price of Bitcoin will break the $10,000 mark sooner? Will it be worth it to get more bitcoin at this price?

I don't think that it is a prospect in the next few months.

Given enough time though, it's a no brainer. But $10k, as both the major resistance, and a huge psychological barrier, is most likely only going to be hit once the recovery starts, which could be a while. I'm fairly sure that you're asking this question in the context of the "near future", so no. The bearish sentiment continues to dominate the markets at the moment.

That said, I do think that it is a great opportunity to stock up on coins or long positions on BTC right now, because prices are extremely cheap I believe if you look at the bigger picture here. Start buying regularly right now in bearish conditions is definitely a good idea.

''because prices are extremely cheap'' compared to what? I don't really understand people saying that, it's a meaningless thing to say. Was the price cheap when it crashed to 10k from 20k? Who decides when you can call it cheap? It's only cheap if bitcoin reaches 50k, it's not cheap if bitcoin never goes above 10k ever again.