Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
I am wondering whether it is time to buy or not. No sleep for me, I guess.
i guess a good night sleep isn't very valuable to you?
most common rookie bitcoiner mistake.
set an order and get some sleep...
yeah, after being sleep deprived and feeling deranged, i don't think you'd be in the best situation to make the right call.
Thanks for your concern.
I would buy some BTC straight away as I was about to for some time if it wasn't for this "will it fall terribly low or go up?" situation, really. I'm not afraid of fluctuations, but when people say the price may fall to 500$ it may be better for me to wait for a while... This BTC investment matter does NOT need to be all or NOTHING, and really it remains quite risky to attempt to predict the market exactly.
Let's say that you have $1,000 that you want to invest in BTC;however, you are worried about whether the price will go down to $500. Well, why don't you use approximately half of the $1,000 ($500), and buy some BTC now? If the price goes down to $500, then you can use the other $500 or at that point you may have more to invest. or if at that point you believe it is going down some more, then buy another $250 and wait to see if BTC prices go down more.
It is generally less safe to attempt to time the market and attempt to bet all or NOTHING b/c inevitably it remains difficult to predict.