When can Bitcoin be bought (When is it appropriate to buy Bitcoin)?

08/17/2023 15:02 • Blockchain Buzz • 157 views

When can Bitcoin be bought? According to the Bitcoin market, after breaking through the $20,000 mark yesterday at noon, the price has not fallen back and has now dropped to around $27,000. So you can buy it at any time. However, investors still need to be cautious about such matters.

Because many people ask how this currency has risen. My answer is: What exactly is Bitcoin? What impact can it bring?

In fact, it’s very simple. If we compare a digital currency to a “security,” then these two words should be understood and used. And there is a certain relationship between the two—when the asset value exceeds a certain amount, you can buy, trade, or speculate on these things. In other words, if you want to participate in a stock market, your risk preference will increase, so you will consider investing in cryptocurrency or other related products. And when people want to invest in a new commodity/service, they may feel that they are not suitable for doing that. Since they are not particularly concerned about its security issues but for the convenience of better understanding its development direction, there will be corresponding operating strategies.

1. Do not think that the price of Bitcoin is a bubble, but it does exist in reality and will never go bankrupt. 2. Judge whether it is a real bull market or bear market, and do not blindly believe in any company or company’s stock price trend, let alone speculate on so-called projects, only focus on short-term trends. 3. Look for profitable opportunities, such as earning 100 yuan in wages every day or spending 1 yuan to buy a 10 yuan mining machine or selling some Bitcoin for mining, and so on. 4. We need to see if there is long-term growth potential and opportunities, especially some technical opportunities that are currently in the rising process. 5. Set a limit on your own abilities and limit the time.

When is it appropriate to buy Bitcoin?

According to the price trend of Bitcoin, the current trading price is around $10,000. But for investors, it is very necessary and appropriate to buy digital currency and invest in the current market conditions. Because the market environment is already large enough, if you want to buy coins, you should choose to buy them before December 2019. However, in the market conditions of 2020, due to factors such as global economic uncertainty and volatility in the financial market, we will pay more attention to the changes in risk and return rates. So during this period, do not blindly consider when to purchase this asset, especially in the case of significant impact of the epidemic. (Wu on blockchain)

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When can Bitcoin be bought (When is it appropriate to buy Bitcoin)?

When is it appropriate to buy Bitcoin?

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