Post
Topic
Board Bitcoin Discussion
Re: A time people have been waiting for bitcoin to drop
by
Fredomago
on 15/05/2022, 09:53:00 UTC
I want to know when is the best time to buy or waiting more dip to buy and what if the price turns back to bull?
What do we do?

The first question is do we want to buy during falling prices or during rising prices? The bitcoin price is very volatile right now and could be falling even lower in the next few weeks. But we shouldn't worry to much about what the price will be next week, rather what the price will be in 1 or 2 years. On that I think we can all agree that the price will be higher than it is today. Finding the bottom of a crypto coin is very hard. There are many factors to consider. In my opinion buying around the 30.000 USD level is a good idea. There are already quite a few high profile investors who stated they would heavily reinvest into bitcoins if prices drop to 20,000 USD. Waiting for the lowest possible price might lead to missing out on the next rally.

At this price, many believers see this as a good opportunity to enter or to add if you already have a good amount of holdings. Not an expert though, but if you wanted to see possible ways to anticipate better to work with your personal experienced. It's risky, but it is also profitable once you have already established a good system and strategy.

The drop would be a two bladed sword. Good and bad will going to be depends to how investors and traders will take the situations
and see how to favor their investment.