Quote from: Denker on October 11, 2019, 09:52:19 AM

Quote from: barota on October 11, 2019, 09:24:12 AM

price rise this morning 8750 per btc and it is good sign
although price now 8350 i think this is rare chance ; it is hard to buy again at this price in the near future
font worry about the chart of prices bitcoin i think is good

It is very simple. If you want to hold Bitcoin for 10+ years, it is always a good time to buy BTC now. In a decade it won't matter if you bought at $6k $8k $10k etc.. Low time preference is the key here. But many people don't have that patience as they are just looking for some quick gaines and profits.

But there are not many people that are going to want to have their money invested in bitcoin for 10 years, I know there are some investors like that but those are the minority and while they could be fine at buying bitcoin at any price everyone else is not going to be fine with that, most investors will be interested in being invested in bitcoin for some months or maybe a year which is why they need to time the moment they enter the market and buy bitcoin when its value is relatively low.