What is the Best Price for Buying BTC? Does it Worth Buying?
Since BTC is not an asset or any reliable currency there is nothing I can be sure of. But, with simple Elliott waves and Fibonacci numbers, we can see that 13K and 17K are the best prices for buying BTC. (BTCUSDT chart is saturated in the daily time frame as you see in the published chart)
The problem is how long you should hold your new BTC. Now, let's think with our simple logic.
As you know, interest rates are rising along with inflation in the world. So, high-risk markets including cryptocurrencies are definitely affected by these conditions. I personally think you should buy BTC in 17k with 15% of your investment money (cryptocurrency investment) and then buy 30% in 13k. If I were you I would hold my second buy until BTC reaches about 60k and sold the first buy on the highest point. (However, before selling, it is important to analyze the economy of that date whenever it wants to be)
With all of these things said, it is worth the risk but not more than 20% of your entire investment money on stocks, forex, and crypto.
If there is anything that you think you can add to my published post, please leave a comment.
The problem is how long you should hold your new BTC. Now, let's think with our simple logic.
As you know, interest rates are rising along with inflation in the world. So, high-risk markets including cryptocurrencies are definitely affected by these conditions. I personally think you should buy BTC in 17k with 15% of your investment money (cryptocurrency investment) and then buy 30% in 13k. If I were you I would hold my second buy until BTC reaches about 60k and sold the first buy on the highest point. (However, before selling, it is important to analyze the economy of that date whenever it wants to be)
With all of these things said, it is worth the risk but not more than 20% of your entire investment money on stocks, forex, and crypto.
If there is anything that you think you can add to my published post, please leave a comment.