🔥 Is now time to buy Bitcoin?

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Hello!

Bitcoin almost touched the 16,000$ mark. Something that we all know that sooner or later would happen. I personally didn't expect this to happen in the middle of a world pandemic, with lockdowns and mobility restrictions in almost all the western countries, but here we have it, Bitcoin price is moving as expected. 🚀

The space is starting to get full of "m00nboys", and when this happens it is usually not good for the price of Bitcoin. Unless a kind of shortage in the Bitcoin offered in the market happens, which some speculate that is happening right now.

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Well, I am not going to speculate about what the price of Bitcoin will do short term, because I don't know. And let me give tou a hint: Nobody else does 😉.

What I like to do in this kind of situations is to look at past data and look for long-term trends. One that I like a lot is the Bitcoin yearly lows evolution. Here we have a tweet by @cryptoworld202 with all the data:

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At first look, one can think that 15,000$ or 16,000$ is too high to buy Bitcoin, probably we're going to have the opportunity in 2021 to buy Bitcoin at a much lower price, probably between the 5,000$ - 10,000$ range.

But that's not what the numbers say. As you may know, the Bitcoin price movements are cyclical, moving at a 4 year periods which coincides with the halvings. The last 3 years have been a really painful bear market.

What happens when the bull market starts?

2013-2014: The lowest price went x23.
2017-2018: The lowest price went x4.

So, it means that the lowest price could go as low as 20,000$. At least this is something that we should consider.

Conclusions

As simple as that:

The best time to buy Bitcoin is right here, right now! Just buy some each month/week to be sure to catch the lows of the year!

And then...

Enjoy your gains! 😊

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10 comments
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It can be at any point in time. In my opinion a price less than $20,000 is a good investment. Might be on a longer term, but nevertheless it would surpass and go much higher. Just think about companies and investment funds now hedging Bitcoin against money printing and the potential it gives to one that is holding it.

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Yes, it's always a good time to buy crypto, and always good to invest incrementally (if you buy a little now, you'll be able to buy a little more later, and if it's on a dip, all the better). I'd also look at buying select Alts; it should a be "balanced portfolio".

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I agree. What are your favorite alts at the moment @cryptographic?

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I don't trade because I don't have the time. I'm very long term in most everything I do in crypto. I'm invested in HIVE, ADA, DGB, BTS and KOIN. I'll admit that that's not all that diversified, but there's nothing else that gets my motor running. 🥴

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I think that buying BTC at any time is a good investment if you are in it for the longterm. I personally buy the same amount in GBP every week and have been doing so for a long time.

At these prices, i would be buying lightly as it's very possible that BTC will drop back to $12-13k offering a chance to buy heavier.

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Great post, thanks for sharing

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