VasilTodorov
Well-known member
i was looking at the topics here and this is what i see. in aug 2022 a member asked is it good to invest in btc, and look at the price at that time and now. i wanna ask do you think now is good time to buy btc?!
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- Thread starter VasilTodorov
- Start date
i was looking at the topics here and this is what i see. in aug 2022 a member asked is it good to invest in btc, and look at the price at that time and now. i wanna ask do you think now is good time to buy btc?!
ArnavDeshmukh
Well-known member
Bitcoin is indeed a futuristic investment but I don't think right now is the best time to buy!
Imogen Beaumont
Well-known member
If you check out the weekly charts of BTC, you will see the most steady asset in the world mate xD
ArnavDeshmukh
Well-known member
I would not bet on that!
Bet on it, sooner or later the pump will be there. It is guaranteed.
ArnavDeshmukh
Well-known member
I'm not much a crypto trader but I guess we will see. I bet you the opposite. Let's see what happens.
Deal, we will talk about this in about a few months.
ArnavDeshmukh
Well-known member
Well in the long run it might get a little bit back up but currently any BTC buying is a mistake. You can wait till the price drops down to $53K again which will happen in a few days or maybe a few weeks but the drop is certain.
Also selling it would be a greater mistake because the price is terrible! If you are losing that much waiting for it to get back up is the best option here.
Buying it right now would not be awful, the difference in your mind is a matter of bigger and smaller numbers, in my view, it's a matter of percentages. What is the difference between now and 53K, %4 something? still a very decent place to buy and hold long-term.
VasilTodorov
Well-known member
now i do not see good times for BTC. this candle was showing important support and resistance. now support is broke and if the candle close below the support it is very bad for btc
ArnavDeshmukh
Well-known member
Maybe, but it's going to drop further down. If you want to trade it as a CFD which I do not approve at all to be honest, you are more likely to profit from sell.
All of that is because of the German government selling their BTCs, and these exchanges paying off their debts. Once that stops the climb slowly begins.
That is because I am looking at a much longer-timed prospect and plan on holding it long-term. It will explode more and more, slowly but surely.
ArnavDeshmukh
Well-known member
I agree with this part
Fin_Trader
Well-known member
I think if the price consolidates above 57,000, there is a chance to go higher.
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