Best time to buy Bitcoins or should we wait until it's price drops on the Coinmarket?

in #bitcoin7 years ago

Bitcoin reached $4700 on coin market now, increasing tensions in bitcoin traders. Lot of confusion and lot of enthusiasm. Bitcoin is soaring up like a king in no time. All signals are showing up, price drops are not happening in big time.

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What we need to do at this time? Can we buy some bitcoins as it is running on the positive side or we should wait for the price drop?

There are two types confusions currently running in the traders

  1. What if the price drops when they buy bitcoins?

  2. And is it a best time buy bitcoins or best time to sell it?

What if the price drops when they buy bitcoins?

Bitcoin was crossed $4500 already after multiple up and downs. Now it's running towards $5000 Looks like it is a positive sign. But the problem is what if the price drops? Because it's unpredictable right now. Buying bitcoins now might be giving you positive results in the long run for sure.

But if the price drops it will affect your short term trading goals. After a lot of confusion, it's better to wait until the reasonable price is available to buy bitcoins.

Best time to Buy or Best time to sell?

If you are holding a considerable amount of bitcoins and if you believe in long term results, then you better wait to sell them. Because prediction of bitcoin is towards $10000 now(https://steemit.com/bitcoin/@stefen/does-bitcoin-reach-usd10000-by-the-end-of-december-2017). If you don't want to wait such a long time, then it's a good time to sell your bitcoins to achieve your short term goals.

Because One BTC is $4700 now (Can be varied based on the market (fluctuations). You will get a good price for your coins.

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Note: It's just a friendly suggestion, Buying and selling bitcoins is up to your decision.

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i have some bitcoins that i hold and some that i trade back and forth trading altcoins

This post has received a 1.02 % upvote from @booster thanks to: @stefen.

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