Bitcoin is back down to $ 7500 and altcoin is also following Bitcoin, is this to buy BTC when it is going down badly or waiting for the price of $ 7,000,
If you have bought from the past, of course you have made a big profit today. So crypto price movements are difficult to predict. If you ask whether the right time to buy? then the answer is whether you are ready to invest in bitcoin. If you are not ready, then don't play here, because it will harm you.
It does not guarantee that he is now on profit because past prices of btc are sometimes hi and low . What if he buy at a higher price before ? If that is the case then he still on a loss because btc value today is still down .
What's the reason why he is asking ? I guess that is a clear indication that he is now ready to enter this business . It's only a matter of time tho , before he can decide to enter or not . I shall say that this is still a good time to invest