Ninjastic
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Board Economics
Re: Is NOW the best time to buy or enter in bitcoin?
by
strongwarrior238
on 14/08/2018, 23:40:51 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?

You can see that bitcoin prices are beginning to recover slightly after touching $ 5900, now bitcoin prices have started to recover to $ 6100 level and are still on the recovery. So I think you should buy bitcoin at this time and do not keep altcoin. The market is bearish and I think you should sell the bitcoin when the price reaches $ 6800.