Quote from: BuNga_cute on November 16, 2021, 08:08:55 PM

Quote from: traderethereum on November 14, 2021, 02:02:15 AM

Quote from: BuNga_cute on November 13, 2021, 09:45:11 AM

Quote from: traderethereum on November 13, 2021, 09:02:30 AM

Actually, if we watch bitcoin price movement, the price increase steadily although not jump directly so I think it is good for the price to reach every high price step by step.
But a few days ago, we saw the price jump from a lower price to a higher price and reach $68k-$69k but then, the price is back to the lower price.
And now, the price is at $64k, which is good to buy or you can wait for a while because the trend is down and maybe there will be another correction that can come tomorrow.
If you are okay with buying right now and consider buying more if the price still goes down, that will be a good decision as you can have more bitcoin.

Buying Bitcoin now is quite good in my opinion, because it is likely that the price of Bitcoin will indeed rise again in the near future.
So I highly recommend buying at a price of $63k-$65k, or if we want it to be safer, we can buy Bitcoin in stages. That means don't use
all the capital we have to buy Bitcoin at the current price, we can buy using 50% of the capital we have. We can save the rest first in stable coins,
so as not to be affected by a volatile market. If it turns out that the price of Bitcoin is getting lower below the price of $63k, we can buy
more Bitcoin with the remaining capital we have. But my prediction is that Bitcoin will not drop below the $60k price, because the Bitcoin support
price is very strong at $60k.

Yes, it is a good decision to buy bitcoin now but they do not have to buy at once because the price is still too volatile and can drop anytime.
They need to diversify their order buy too many low prices so they can get bitcoin at various low prices and if they can do that, they can do swing trading besides long term trading because that can give them a chance to make a profit in a short time.
I always suggested buying bitcoin in stages because that can reduce our panic when the price is down and we can get more amount at a low price.
Hopefully, $60k will be the support price to hold, not going down for more.

It seems that my decision to buy Bitcoin gradually is very right, the price of Bitcoin is getting lower right now. At least this doesn't make me panic,
because I can buy more Bitcoin at a lower price. But quite unexpectedly Bitcoin finally dropped below $60k, this is not a good thing, because some
investors will panic to see the price of Bitcoin drop too deep. I hope Bitcoin doesn't stay below $60k for too long, and could be back above the $60k
price again in a few days. I'm sure a lot of whales will start buying Bitcoin at the current price, because the price of Bitcoin is now quite low, if true
a lot of whales are buying Bitcoin now, of course Bitcoin price will recover soon and return to above $60k price and is expected to slowly return to
ATH price again. So if we still have extra money, we can start buying Bitcoin again, otherwise we have to be patient and don't rush to cut losses.

That is very good if you buy bitcoin gradually, especially now as we know that bitcoin price is still at a low price and gives us a chance to buy bitcoin now.
If you still have more funds which you prepared before, you will get another chance to buy bitcoin if the price is down for more but hopefully, the price will not be below $60k as this price seems to be the support to hold the price not to go down for more.
Bitcoin price will be back above $60k in the next few days and we could only be patient and stay calm following the price movements.
The whales use this chance to accumulate more and more bitcoin because they have a lot of money ready to buy bitcoin at any lower price.