Post
Topic
Board Bitcoin Discussion
Re: My first Bitcoin
by
kro55
on 30/05/2024, 09:06:47 UTC
Now is the best time to buy Bitcoin as it is falling
Actually the best time to buy bitcoin was a few weeks ago when it dropped lower than $60,000. But it's still a good time to buy bitcoin now before it goes and reach a new ath. Just try to accumulate as much before it creates a new ath.
If you plan to invest in Bitcoin for the long term, I think any time is the right time to buy Bitcoin because as has happened in the past, the price of Bitcoin is always able to rise higher in the future, so it is also possible for it to happen again.
The advice to continue buying Bitcoin slowly and holding it for a long time is very good advice, but it is only for long-term investing.
And when it comes to trading, I think there are many things you have to study and wait for the right price, now Bitcoin's movements are difficult to predict, especially after the Halving some time ago, there is a possibility that the price will soar high.

Many people always say that bitcoin below $60k, 50k$, 40k$ is a good time to buy, but honestly I want to know how many people will buy if bitcoin falls, or will they say it will fall even more? Until it suddenly spikes and they have to buy at a higher price?

In my opinion, the best time to buy is when we have money and are willing to take risks because bitcoin is unpredictable, no one can know if it will increase or decrease after we buy. I agree with you, buying anytime and holding long term is what we should do and is also the best strategy when investing in bitcoin.