Post
Topic
Board Economics
Re: The future of the market
by
South Park
on 01/12/2018, 17:04:28 UTC
Now the price of bitcoin is not good it is low so it is not time for trading in market just wait for high price. the future is green and awesome for cryptocurrency.

This statement makes no sense. If the price is low then it is time to buy, because it's a good opportunity for traders to make profit in the future. Besides, for a day trading it doesn't matter whether the price is high or low, the only thing which matters is volatility and we have a lot of that recently. And for those who want to exchange their coins for USD, well, now it's definitely not the right time for that, but no one can tell when is the right time. If, for example , Bitcoin rises to $10k in two days,  no one can be sure that it will not rise to $20k during the next week.
Exactly, if there is a perfect moment to buy bitcoin that is now, but most people do not really think for the long term, they talk about it but that is not the way they process information, bitcoin is close to 4000 and its all time high was close to 20000 so a person buying now could easily make 5 times his investment if he is willing to hold for years.