Post
Topic
Board Speculation
Re: Good time to buy?
by
Emitdama
on 19/04/2022, 15:58:00 UTC
Bitcoin is currently playing between $38k to $48k so a good time to invest is when the market price is below $40k with the concept we can sell when the price breaks through $45k or more. according to some charts we see when the price starts to touch $46k the price will experience a correction again by 10 percent to 15 percent.
That was before but btc right now has found its new support it was 40k and it doesn't go below there. Waiting for the price to go below 40k can be hard now. If we want to buy we can start now since btc still at 40k. Don't wait before btc starts moving because this can be the last low that you can see but after this, btc price are now going to continue above 50k.

What your saying about the correction was true, I remember we are above 45k last time and then it falls back and never make it above 45k again. Let's hope history won't repeat itself because if there is one thing that everyone wants right now, that would be a bull run not correction.
If people wait for the price to start going up, they are missing that crucial short-term profit they could make, and it just keeps exponentially growing as well. You could make 25% more if it goes up too much between 40k to 50k levels, and you are declining that because you want to buy when it is on its way up. This is why people need to learn how to buy when it is going down, not when its going up.

I am not saying that it is impossible for people to make a profit if they only look at the ups and nothing more, sure they may make profit once but then lose 5 times during the same method and this is why they will overall have a bad result instead of a good one if they keep doing that.