Quote from: Bitcoin_people on Today at 05:05:56 PM

Quote from: edy_58 on July 28, 2023, 04:44:44 AM

Quote from: Houdini76 on April 16, 2023, 06:10:21 PM

Hi I have been toying with the idea of investing in BTC but have waited due to some investors saying the price will drop to 12 - 16k again. do you think it could still drop to this or are we more likely to move on up to 40k?

thanks in advance.

if you have been playing with btc for a long time, now is a good time to buy it because no one can guarantee that the price will drop in the range of 12k - 16k, but in investing you certainly have analysis and reference in making decisions.

A wise investor must be consulted to follow the right time to invest. It is true, however, that one must analyze well before investing so that it can be held for a long time. But the Bitcoin market may never be seen again between $12k and $16k. Although the market went down a lot at one point, it has now rebounded. Since the Bitcoin market is in a position right now, investing from it is definitely possible to profit in the future. Right now the price of bitcoin is $29k dollars and I think buying and investing in bitcoin from this current position will surely give good profit in long term.

Good time to invest would determined with these factors;

1. Market crash or huge corrections
2. When there's negative news in the market
3. Extreme fear,uncertainty and doubt

You would be able to determine these particular times and finding out that this would be the sweetest spot for you to get in because the market cant really be just having a single
movement on which it would be going just down.Theres a time would come that it would be making out recovery and for those who do able to get in with those corrections are the ones who
would really be taking out some advantage on the time that the market will really be going to the opposite direction.

Agree on some points above that if you do go for long term then this wont really be something a bothersome thing on your part. You could freely be able to buy out Bitcoin
on whatever price it would be since you would really be holding for years or long time then you could somewhat assure that you are really taking up a good decision
and been that confident that you would be gaining up after all the years is passing by.