Quote from: South Park on December 01, 2018, 05:04:28 PM

Quote from: Betwrong on December 01, 2018, 02:22:45 PM

Quote from: darshan331 on December 01, 2018, 04:15:59 AM

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.

Some people think that it's not guaranteed that Bitcoin will be $20k again, but I agree with you, not with them, and here's why. Let's compare Bitcoin to Gold in terms of prices. If the price of Gold was 1,838 USD/oz in July 2011 and it is 1,220 USD/oz now, can we say that it's guaranteed that the price of Gold will rise in the future? No, we can't, because everyone in the world was aware of how valuable the Gold was in 2011, and nothing has changed in that regard until now. It's just impossible to value Gold more than ever before because it was already valued to the highest extent in the past. And the situation with Bitcoin is entirely different. Unlike Gold, BTC was never valued much by the majority of the people, and yet it hit $20k, which means it can cost more with higher appreciation, which is just a matter of time.