Bitcoin is now rising, and it has jumped by 3k in less than 10 minutes. Although everyone is happy but also worried, is it going to fall again?
My friend asked if I can continue to buy it? But I see a lot of people commenting that giant whales are now controlling the market. I told my friends not to enter the market for now, but my friends seem to have misunderstood me.
Do you think that this kind of market should be forbidden to enter or continue to buy?
I suggest not to panic selling。
If you believe in Bitcoin fundamentals, it's never too late and anytime would be a good time to buy. However, before you jump into investing, you also need to consider your own plans. Like when do you plan to take profit or the time frame you expect to finally enjoy the return on investment. Another thing to be prepared is a strong mentality to get through the market volatility. The price of Bitcoin, which tends to fluctuate, should not affect your decision to buy or start investing. Don't let sudden price increases change your long-term investment strategy. In addition, it is important for you to learn technical so that you know the right time to buy and sell
Yes you are right it is never too late to buy bitcoin, the price at which bitcoin is now is what can be afforded and it is favourable. Sometimes it depends on the target of profit and the available money to be invested , but at the point at which bitcoin is presently it is not late for anyone who wants to invest in bitcoin.
Anyone can buy and invest in Bitcoin any time they want. Unlike the traditional stock market which only operates during certain hours of the day and week, the crypto market is independent of time. Although the course of the bitcoin price experiencing ups and downs, overall the future of Bitcoin looks to be very bright. In addition, the adoption rate of Bitcoin has also experienced rapid growth, unlike the previous year. But keep in mind that in bitcoin and crypto investing, we must be able to manage emotions so that we don't make decisions in a hurry and which can lead to losses.
When investing in bitcoin at any time, one should not forget such an important detail as for what period of time you plan to invest. With short-term investment, this rule may not work: you buy for 40.000$, and in a week it will cost 30.000. But in general, if you buy bitcoin to hold for several years, then you can buy at any time.
If we talk about the question posed on the title of this topic, then right now you can easily recommend bitcoin for purchase to all friends. As you can see, the price has now dropped a lot, which has created a situation for a successful purchase at a bargain price. Tell your friends about bitcoin, and maybe they will thank you for it in a couple of years.
Even though the bitcoin price is currently in a deep slump, buying large amounts of bitcoin when it's falling is not a wise move. Even though the bitcoin price is currently falling, it doesn't mean it's a wise move if we put all our money to invest there. We can recommend to friends to buy bitcoin when the price is down like now, but they must pay attention to money management and planning for the long term and also should not panic when they see the market is in the red zone.