Post
Topic
Board Speculation
Re: Is It Time to Buy More BTC?
by
fuguebtc
on 15/04/2024, 13:01:40 UTC
For me yes this is the right time to buy bitcoin both as a long term or short term basis,  this is significant enough since most of the market speculators are cashing in on all the befits of bitcoin both at long term or short term basis and this is what is most Important for any investor,  some of the gains of holding bitcoin is that it value always changes at frequent time and is out of the control of any centralized or individual influence or control so bitcoin will continue to recover even if it falls below your buy price.

and If we pay attention to the market sentiment when viewed from the Bitcoin Fear & Greed Index is now at level 65 is still quite strong and I think ahead of the halving moment in about 5 days, investors are increasingly likely to feel optimistic and focus on BTC in anticipation of price increases as a result of the recent decline.


Many people are optimistic that the price of bitcoin will increase, which does not mean it is guaranteed that the price of bitcoin will increase and bring profits to everyone who decides to buy bitcoin from now on. The market does not move according to the wishes of people, especially the crowd. Investing in bitcoin requires a long-term view, don't try to speculate just because everyone is optimistic about the bitcoin price and the halving does not guarantee us a price increase.

The right time to buy bitcoin is when you are ready for the risks you face if it happens, not before or after the halving event or when bitcoin drops in price.