Well, that just shows that the market is unpredictable.
You can't time the market because it's very unpredictable. You might see it's price going up for a few hours then suddenly, it will go down. Just look at Bitcoin's price a few days ago when the Coinbase anomaly happened. It went down from I think around $68,000 to nearly $59,000 in just a span of a few minutes.
What's my take on what's happening right now? We're in a time where we need to wait for the market to correct before entering. We have been seeing the market going up for days already, and I don't see any reason for me to enter the market when the market is on the green. I mean we want to buy coins at a lower price, so it's better to just wait until the market corrects then that's the time for us to buy.
It happens, I think Bitcoin goes with dollar exchange, and we all know that dollar rate is not stable. Soon one dollar will amount to 2000 in the local market and we all know this might affect Bitcoin market,[/quote]how buddy, how does dollar rate affect the value of Bitcoin, have you forgotten that Bitcoin is not controlled by any bank or organization?
If your local currency is not stable to dollar, that's have nothing to do with Bitcoin.
some persons might be afraid to even buy. But I think the most important thing is to buy the Bitcoin then monitor the market.
Here you come again, investors have no reason to monitor the market because they are not short term thinkers, an investor should only be thinking long term so their is no point monitoring the market, because by doing so your might get emotional due to volatility and temper with your holdings. It's only traders that monitors the market thinking that they can outsmart the market, and that is the primary reason they are always losing money, so just buy and hold, and kill that thought of monitoring the market after buying because you will be putting yourself into a difficult unnecessary emotional state.