As we noticed the price volatility of Bitcoin when it reached ($13k, the highest price for this year at the moment) and then suddenly the price drops at $9k.
And today bitcoin price is about $9,900. So I'm just wondering 🤔 is it now the great time to buy bitcoin or should I sell? Can you give me some of your opinions? Thanks in advance. 😁
If you bought Bitcoin at around $13k then it is not a good idea to sell, better to wait until the price recover and then I think that is the time to think to exit and get even or have more patience and take profit. Selling it at a lost is a very bad idea besides, if you hold it you have not lost anything yet even if the price plummet.
This recent increase in price of Bitcoin, breaking the $10k barrier would have answered your question to buy. If you do buy then you should be in profit now, though I think it is not late to buy and hold Bitcoin because it is speculated that it can increase upto $100k or more.
You gave him some good advises for short term trades, what he should do in upcoming months. If he really wish to trade he will need to learn to do it by himself, how to recognize good opportunity for buying or selling. Each of us have some opinion about possible price movements, where we gather informations, how we process those informations is what makes all of us different.
All advises for buying are worthless when it comes to investing and just holding bitcoin. Who plans to hold for years should buy when ever he have a good opportunity to buy with the lowest possible fees, to choose a good wallet and just wait for the future to come.