Kakashi2020 Posted November 25, 2018 Share Posted November 25, 2018 Is it wise to invest more money in Bitcoin now that it's price is down to the $3.8K level? What do you think, would it slide further or settle down? Quote Link to comment Share on other sites More sharing options...
cks003 Posted November 25, 2018 Share Posted November 25, 2018 Many traders are still on the fence with regard to the price of Bitcoin since the heavy sell down last week. If the price plunges to $3000, it will trigger more sell down and loss of confidence among the traders. Given that many have reaped tremendous profit since the peak in December 2017, it is hard to say that the same traders will throng the same market to support the price. It is like a game of music chair, if one has won a seat/chair, it is better not to let the music to continue. Only those who lost wish the game will continue. Quote Link to comment Share on other sites More sharing options...
Martinsx Posted November 25, 2018 Share Posted November 25, 2018 Well, from what Bitcoin have done over the past years since it was launched in 2009, whenever it falls, it still manages to climb back up. So, if you have the money to invest in Bitcoin at the moment, I think that it's a good idea. Quote Link to comment Share on other sites More sharing options...
Onizuka Posted November 28, 2018 Share Posted November 28, 2018 Let the market settle down first. Also, try to open an account in an exchange that allows shorting so you can make money in this bear market more easily. Quote Link to comment Share on other sites More sharing options...
Martinsx Posted November 28, 2018 Share Posted November 28, 2018 1 hour ago, Onizuka said: Let the market settle down first. Also, try to open an account in an exchange that allows shorting so you can make money in this bear market more easily. There is no way of putting a dot on when the market would settle down because I had a strong belief that it was when the price stood at $6k for a long while but look at things now. Quote Link to comment Share on other sites More sharing options...
JPK0007 Posted November 28, 2018 Share Posted November 28, 2018 Well, in spite of the recent fall in the price of Bitcoin, I don't think there is any lack of enthusiasm or interest in the investors toward Bitcoin as an investment option. The early investors have undoubtedly made huge profits on their investments in the past. Whether one will be able to get the same kinds of returns in the future is something which looks difficult but is not completely impossible. However, I don't think that there will be a decline in the amount of investment in Bitcoins in the near future. Quote Link to comment Share on other sites More sharing options...
Bravosi Posted November 28, 2018 Share Posted November 28, 2018 Hey there Kakashi once again! Perhaps you remember me already due to previous comments, but as I suggested buying Bitcoins could be a wise move, especially when they're not as expensive as they were. The whole problem is catching the right time. What if I buy them today and tomorrow they're cheaper, or what if I'll miss the opportunity to buy them prior to getting a lot more expensive. That's the main deal to me. Kinda frustrating to guess, but I suppose that's how the world runs. Quote Link to comment Share on other sites More sharing options...
Caguioa747 Posted December 29, 2018 Share Posted December 29, 2018 For me, right now is the right time to invest in bitcoin. I don't see bitcoins price getting lower but i see its price reaching the $30,000 mark. 2019 is the year of bitcoin and altcoins. Quote Link to comment Share on other sites More sharing options...
Alania Posted December 29, 2018 Share Posted December 29, 2018 Hello! I think it's wise to invest in Bitcoin always, however, you gotta catch the right timing when it's cheap, and not expensive. Because you gotta agree, that saving extra bucks is always good. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.