Ninjastic
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Board Speculation (Altcoins)
Re: The price of Bitcoin is starting to weaken, is it now the right time to invest?
by
coinfinger
on 15/09/2019, 16:23:32 UTC
Quote from: befriendmywater on September 12, 2019, 06:51:52 AM
Quote from: soenan on July 05, 2019, 07:19:56 PM
Hello, all ..
Today I see Bitcoin experiencing a price decline of up to $ 10,075, do you think it's now a good time to invest?
please advise from Bitcoiners, thank you.
It's really good for those who want a long-term hold, until 2020 but it will be bad for those who want to speculate.
Because the price of Bitcoin is now following the psychological trend of the trader, the indicators are no longer working and buying bitcoin is now quite risky.
You can choose 1 of 2 strategies to decide whether to buy now or not.  Smiley
Some days back, the price of bitcoin fell to $10000, and later rose to $10400, which means someone trading with $10000 would have had profit $400 within a day, so would please tell me how bitcoin only favors long term holders. Bitcoin favors everyone, and it is even this correction that makes short term trader makes money the more. This is the time for both the long-term holder and those who are short term holder to even think of trading.

I know that speculating now is really a waste of time, because even technical analysis sometimes cannot work, but if we are to look at trend and to look at the way bitcoin has been moving in price, buy now, we should have even been used to speculating without having to even use TA or FA accurately.