Quote from: Republikcoin.com on December 31, 2019, 03:58:44 AM

Quote from: Robdwny on December 23, 2019, 03:50:02 PM

It has gone up around $800, do you think they could run it up and then I would come down before January 1 before the new year. Or they will not come in to play? Im waiting for some money to clear to buy some. And I dont know right now is the best time to buy

actually it's a very general statement, that we don't know when the right time to buy it. in this case, you need to make a decision, are you sure the price will go up high or not. I think that after the price actually goes up, then the price will be difficult to go down, so think about it. bitcoin prices are currently holding at $ 7k, and there is a possibility that crypto prices will recover in January. besides, if prices start to recover slowly, I think prices will rise quickly after halving occurs. so, the price of $ 7k is still quite cheap.

The right time to buy is subjective, it depends on what type of trader are you. I'm a momentum trader and I will only buy bitcoin when its price surpass its resistance so it is simply a breakout. There is a positive effect if the price breakout to its current resistance where it simply means that the buyers overwhelmed the sellers. There is also a role reversal where its previous resistance will be a support and remember that in supports buyers are in control.