Post
Topic
Board Trading Discussion
Re: Bottom For Bitcoin?
by
ethereumhunter
on 20/06/2022, 06:18:54 UTC
Now is probably the best time to invest in bitcoin but be careful as I feel the price hasn't bottomed out yet and can drop further. Maybe you can buy more bitcoin while monitoring the market situation so you know what to do. Bitcoin will recover, although we don't know when it will. We can only hope and try to have a lot of bitcoins to get big profits.
Well, we are not sure if we are at the bottom already as the price of Bitcoin seems moving fast up and down. The volatile nature of the market is making it hard to tell when but I guess, we need to make a decision right now rather than waiting for the bottom price if there is. Thinking about buying at $19,500 is good enough compared to buying at $20,000. I buy Bitcoin without thinking for a bigger profit but what I just think is all about growing my money. Even just having 20-30% profit growth, I was already contented enough.
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Today, bitcoin has returned to $20k and is making a hefty profit for people. As long as they are not greedy for profit, they can profit from bitcoin trading. The bitcoin market is still going up and down erratically and will continue to do so. People who already bought it at a low price can now sell it for profit but can also hold it for longer and only sell it when the price rises higher than it is now. Getting 20%-30% profit is enough because it is very difficult to make a profit nowadays.