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Cryptocurrency discussions / Re: Are you buying now?
« Last post by Jamal Aezaz on Today at 07:17:55 PM »The price of Bitcoin has decreased to $56k yesterday, but it increased again to $59k today. If you keep buying at $63k, you must keep buying at this rate. Sure, the price of Bitcoin looks okay to buy but we don't hurry to buy because the price of Bitcoin may drop more. I think the price may drop below $50k if there is bad news in the next few days/weeks.
We cannot know the right things about the market hence it is not easy to know what will be the next value so if you have money then invest it when you see that the market is dumping like the current situations. Now the price is 59k$ which is a good price for buying more Bitcoin but most of the people will not buy Bitcoin because they assume that current situations are risky for making any decisions.
The market can go down anytime so if you have money then you can take benefit from the lower price but if you don't have money then the lower and higher price will not affect your decision as having money is necessary for investment at the right time.