Looking to purchase some btc in the coming year and looking for the best time.
you are looking for the best time to buy bitcoin, something that anyone would do. but the question is:
what is the best time to buy bitcoin?
currently the price is falling, people are panicking thanks to some attitudes of elon musk and china. but the question is:
what can we expect later? Could it be that with these attacks by elon musk, other rich people will not invest in bitcoin?
I am not a market analyst but I think in the following way:
Elon musk may have been the person who contributed to the price increase a lot to the point of reaching $60,000, but he was not the only one, paypal was the main catalyst in the price increase when the price was low and being that paypal Is a company that has many customers and is supporting cryptocurrencies so the bitcoin price will not fall below $20,000 or may even momentarily touch $30,000 or just under $30,000, but definitely the bitcoin price will not fall much and will recover fast. because it has a lot of demand and people know that more new people will buy bitcoin due to the great exposure that bitcoin currently has
Sold all alts a few weeks back and will switch back into btc when the price is right.
you did very well to sell your altcoins, altcoins had a big price drop.
Ideal would be around 12k, within a year from now. Do you think its possible or am i setting the bar too low to fast?
it is impossible to see the price of $12000 again
Is this just a half time dip in the cycle and we'll see another ath this year?
to see another ath this year I find it very difficult, but if we had a very big news something for example if amazon supported bitcoin then we would see another ath this year.