Is this slight dip the time to buy?
There's been some consternation in the charts lately.
It looks like we are at a critical crossroad. Bitcoin is either going to head upwards sharply, or it has the potential to fall back down.
If it falls down it's likely to go down to about $3,200 before taking off again.
Pixabay
This is not my own opinion but instead is based on various cryptocurrency videos I've been watching over the last few days.
I agree with it though.
Looks like something similar happened in 2015 with the price of Bitcoin..
If we follow the 2015 path, then we may dip back down a bit before jumping up again. However, there's also a good chance that that's not going to happen.
I can tell you that Bitcoin is at $3,876 and Steem is at $0.48.
We may never see $0.50 Steem again.
It is very possible that a future exists in which Bitcoin is $1,000,000 and Steem is several hundreds of dollars. If you are thinking that there's going to be a huge dip that is the opportunity for you to buy in, then I wouldn't really count on it.
Of course no one can say for sure.
Is this slight dip the time to buy?
If you are here for a long time @jeezzle, you can buy at any price, but now it’s very difficult to calculate a favorable rate.
Is there a time when it's not difficult?
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It wouldn't hurt to buy a small amount of Bitcoin, not much, but some and maybe more steem while I'm at it
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It never hurts to buy Steem.
True, money is tight right now, still a small investment could pay off someday. And with the price low right now it is not that big of a deal if it all tanks.... Think I will do it. Buy some steem this week and maybe some Bitcoin too but that will be through my Robinhood app and not coinbase.
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Why Robinhood instead of coinbase?
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No fees with Robinhood. I can buy and sell all I want. No fees to transfer funds in or to my bank either
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But... coinbase doesn't have fees either. Or... Do you maybe not know about pro.coinbase.com? That's what I use. Robinhood doesn't have fees, but you also can't transfer it around.
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Don't know but pro.coinbase. I do like Robinhoid cause I can buy some stocks too and not have multiple investment apps going at once keeps thing simple for me
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That's reasonable. I use Robinhood, too. But I do all my "serious" crypto trading on pro.coinbase.com. I assume you already have a coinbase account? (Otherwise I'd offer my referral code so we can both get $10 of BTC, lol)
If i have a lot of cash, i will prefer to invest and buy a lot of steem than bitcoin. I am not 100% sure of bitcoin but i guess i am 100% sure of steem
I have held off buying for a few days expecting a pull back and some lower prices. Will buy again soon I suspect.
Well, anything could happen. That is the nature of the Beast.
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The problem is fiat! There’s nothing wrong in buying both bitcoin and steem, especially steem, but the problem is that bitcoin is mostly needing fiat investment, it’s only steem is flexible to get even without having a lots of fiat one can still obtain Steem through simple blogging and other simple means. Steem is the best!
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