Post
Topic
Board Speculation
Re: Best time for me to buy
by
Fredomago
on 20/10/2022, 15:18:15 UTC
I will not start buying until I see $ 13,000. That's why I'm still in the waiting phase. I think we will see a new bottom. I think we can buy from here, but I think why should I buy high and lose the goods I buy. That's why patience and time are the most important concepts in this market. If you don't know how to be patient, you lose.
But you could be wrong, and your patience may prevent you from buying now, for example. 13k for bitcoin could certainly happen, but I think that figure is taken at random. Judging from the past highs, the bottom might have been there already, just at the last high and bitcoin is also at the bottom now. Every time I remember the story of 2020 when everyone was waiting for bitcoin at 1k, but the train left quickly.
That's the risk if you are waiting for a certain amount, though it's also possible that we may see Bitcoin to that level in case the economy won't be able to recover, there are factors that it can keep the market to fall as investors will secure their money and will not hold much longer, in a situation like this where the market direction is uncertain and we do have a global issue with the economy,

We might see more downfall, but for sure there's bounce back that will bring the market back on top and a possible to see new ATH in coming future.