Is It The Right Time To Invest?

in #cryptocurrency7 years ago

Hello! Friends,

What is happening bitcoin dropping again? Is it actually the time to invest? Many of you are still thinking if you should invest in crypto or not just because you don't really understand the buy or sell approach as far as crypto space is concerned.
Far back in 2013 many thinks is not time to invest in bitcoin just because the price is high, now the price is high right? Then when actually is the right time to invest?
I can remembered what happened in 2017 how many that bought bitcoin 1,008$ and at the end of the year swimming in 20,000$ price of bitcoin, it was like a dream! Is it the right time to invest?

PicsArt_07-15-06.05.34.jpg
PicsArt: by samest


Again, the end of last year and the first five months of this year was just so horrible in crypto space and many are still asking, Is it right time to invest? Some even say,this is the end of bitcoin and cryptocurrency and declared Bitcoin as scam. Presently, Bitcoin drop in this month from 13,000+ dollar to 10,000+ dollar is sending out indicator of more drop or is it that bear market is in again? Is It The Right Time To Invest?

Is Market Sentiment Changing?

In real sense of market, I begin to reason along what might have happened to Bitcoin drop which is even affecting ethereum and some other token now. Although there are some speculations and analysis by crypto analyst claiming four digit bitcoin price is a gift. I ask again is it a right time to invest?
I won't write as crypto analyst because I am not even one, I am only an engineer using arithmetic sense to follow what happen in crypto space.
In mathematics, there is what we called simultaneous equation. When carry out this equation you must have this understanding that, for you to have a solution, you need to have both side balanced and thereby do the division, multiplication, subtraction and addition before you have answer. Also, in the world of Chemistry, for chemical reaction top balance both side must be the same. Which simply means what so ever you added to right side must be added to left right to have what we called equilibrium.

Now, in the business setting, whatsover that go up must surely come down and vice versa. What happen to the rise and fall is a determinant of human reaction to the system. As Bitcoin rise to 13,000+ it was due to human reactions to the bitcoin whether through project launch, demand and supply, this is just market change. Now, you ask if @ 10,000+ drop of Bitcoin price is the actually period to invest! Like I mentioned, I can't speak on your behave to tell you to invest now, but at very junction a coin drops like Bitcoin is now, It will still rise and no way you will lose your investment except you are considering short time investment. If you think long term in your Bitcoin investment is a way up for you.

You must be aware of the popular quote from Buffett Warren where he said, When you see people been greedy, just be fearful and again when you see people been fearful be greedy. What so ever that goes up will come down and vice versa, its a law of gravity in science.

Many begin to drop down the price of Bitcoin just because they are fearful and thinking the price might down more and this is what crypto analyst terms FOMO. The FOMO is actually the one driving the swings of downwards and upwards in crypto market.

How Do You Succeed In Crypto World?

I will only mention two important things you need to clear your mind with:

  1. Emotion: If you are too emotional in crypto market you will lose all you profit and even your capital if care is not taking. When you enter the market check what you feel is okay for you and just act.

  2. Timing: You are doubting when to buy, sell and start to invest, the fear of entering or starting a business or investment is the beginning of failure. Feed yourself with the right information about that investment and when you are okay with in invest, buy and build your portfolio.

In conclusion, I hope your question about, Is It The Right To Invest has been answer? The fear of Bitcoin drop is the beginning of wisdom and what is wisdom? Be Wise and Dominate.

Thank You!

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well if one have btc they should start investing in altcoins

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