Post
Topic
Board Speculation
Re: Buy coins at 17k weeks ago could be the best time to buy
by
DanWalker
on 19/08/2022, 01:35:56 UTC
Today BTC moves are more bullish than ever, my chart says we going to 27-28k and many people are waiting for 10k BTC, I think charts don't lie like people do, if a bearish signal is coming your chart will tell you but sitting on your hands and hoping for a satisfying buy price can leave you with many regrets.
Absolutely and perhaps, we are not even sure that Bitcoin will reach back down to $10k and it was a waste of time waiting for it. Waiting for the bottom price is like we are hoping for nothing. Because in the first place, why do we have to wait for that even buying at the current price today will still give us a profit once the market turns bearish again. I might be wrong but this kind of mindset (waiting for the dip) is not the most recommended and we ended up missing the chance while wasting time.

Indeed, those who were waiting for the final bottom to buy dip have really missed the opportunity to buy bitcoin at a low price. We don't know where the final bottom will be until it's crossed and $17k is considered the final low this time. Bitcoin's most recent ATH was $70k, so when the price drops to $20 it's a reasonable discount to start buying, if the price continues to fall we will continue to buy instead of waiting. Both wasted time and missed the opportunity to buy bitcoin cheaply.