Post
Topic
Board Speculation
Re: Buying at 35k?
by
Nalbo
on 14/12/2023, 14:23:54 UTC
Hallo people,

I bought some bitcoin at 26/27/30 and 31k. all profit so far, I am thinking about buying more, but is 35k te expensive to buy bitcoin?

People might have their opinion and people buying above 35K are already in a good profit. But I still think 35K is an expensive price to buy at as there are more risk than profit potential. The price of bitcoin is determined by the market but when the congestion is so large that you lose a large portion of your transfer in fees, the price aren't going to rise to the utopian price of 100K. Buy below 25K and sell above 50K. Yes, the price would again fall below 25K.