Bitcoin Forum

Bitcoin is an investment that if you understand it,you will reap well from it,now that the prices are falling is the best time to buy and save up the ones you have, because soonest the prices will increase by then you can sell if you want and make your profit

Wrong. Bitcoin is a currency not an investment.

Prices aren't falling now, they fell 10-11 days ago and for the past 48 hours the price has been rising. The best time to buy bitcoin was in the dip when everyone was panicking and spreading FUD (although it is not too late).

Again bitcoin is not get rich quick scheme that you buy and hold for a short while then become rich as you sell and take the profits. It's a decentralized currency that is created to give people the financial sovereignty they need.

While I do believe that it should be considered by most people as a currency and not as an investment, I find it wrong to not consider it an investment. Bitcoin was introduced as a cash system, and thus, a currency, but an investment is any asset or item that will bring profit at some point in the future.

A house is a building for human habitation, but it's also an investment. Or an even better example: If you take part to Forex trading, all the national currencies are, simultaneously, investments.

Best time to buy in April was days ago. Best time to buy Bitcoin generally is too broad and I can not get it.

Each month have each best time to buy Bitcoin, lowest price in a month.
Each year you will have some bearish months to buy Bitcoin.
Each forum years, you have many best times to buy discount Bitcoin.

I too was surprised that @pooya87 said that. Bitcoin was created as currency but as of today it is not. It is an investment and a store of value but not a medium of exchange. And I'm not sure it will be in the future either, because by Gresham's law, people tend to save and not spend the coins they consider valuable, being them a store of value instead of a medium of exchange.

Stating the opposite is also wrong. The fact that people accept it as a payment method makes it, indeed, a medium of exchange.

I'd say you are both right. Bitcoin is both a medium of exchange and investment. This is why BTC is called "Digital Gold". Initially BTC was conceived as mainly a means of semi-anonymous exchange between two or more people. However, the deflationary rate it was built upon made it into more of an investment as time went on. So presently, I would say BTC leans more towards investment than means of exchange just like gold. Sure if someone is willing to accept gold as payment for a product/service then you can use it as a medium of exchange but most likely you would lose out on the future gains against the USD which makes people want to keep gold as an investment. 

imo if you don't use USD/BTC conversion....anytime is the best time to buy Bitcoin!

Have you read the Bitcoin whitepaper, initially Bitcoin was deliberately created as a currency to allow you to freely transfer your funds without going through the bank....it's just that because of the manipulators who make the price very expensive, they turn Bitcoin into an investment asset at will.

imo if asked whether Bitcoin is an asset or currency then calling Bitcoin both is not wrong. ^{(depending from where side you look it)} cmiiw

Bitcoin is a medium of exchange as well, that's really the purpose of it before when it's not yet considered as an investment. It just so happen that the value has increased and most people who hold it chose to make it as an investment. As we receive payment in bitcoin in campaigns, makes it as an example of being a medium of exchange.

I agree on that but it's not too late. We can also say that the best time was on 2018 and the past years that we've got. This means that there's still time left to buy bitcoin before it finally goes to the top.

@pooya87 have right here. The basic idea of Bitcoin is not investment, it’s just an additional product that has come on time.
If Bitcoin fall to $3000, can it be called an investment for the one who bought at $60k?
If you hold any fiat, $ for example. Can you say that is a Dollar investment?
When you buy a house to live in, is this investment or physical good? You must pay bills, servicing for this house, to keep them usable.

I see what you are trying to say here. Bitcoin is a product like gold or stocks or any other right? Comparing buying BTC at 3K or ATH of 60K+ is like comparing buying Apple when the fell in the 90s (before the iPod) and buying Tesla at its ATH. They are both investments that can rise and have the potential to fall. The investment that seems to always fall is the dollar due to printing of the currency. Did you know 25% of all USD money was printed during pandemic? What do you think that will do? Cause the dollar to lose value due to inflation. Yes holding dollars is an investment but a bad one at that as you expected to spend the money on either something that will go up in value (houses, stocks, crypto, etc), provide a business or means of income/product (equipment, services, etc), or something that provides happiness like a gold chain or new car or something that sates your consumption as a human being (food, shelter, water, other bills). Really all the dollar is to me is the latter its a glorified government stamp or subsidy that only devalues over time. Bitcoin can be in the physical just like a house as there are the Ledger series wallet or simply the wallet.dat on a usb stick as examples.

Am against it because Bitcoin don't have a specific time to buy or sell, someone can Bitcoin anytime Bitcoin goes up and down because of market determination , so it depends when you feel like to buy your coin or currency without blaming someone direction or encouragement to buy.

True investors are increasing their Bitcoin block by buying more coins to add to their existing wallet while opportunist are getting rid of their coin with fair of losing their funds if Bitcoin finally falls below $40,000. But for me I still want to buy more

Just because fees go up for a short period of time, or because price is rising and some people may hold more that doesn't change the nature of bitcoin. In fact each time price goes up the amount of bitcoin people spend increases too.

Also you can't say bitcoin is not a currency and at the same time claim that it is an investment. Because if bitcoin loses its only utility as a medium of exchange it becomes useless and will lose its value. In other words the only reason why bitcoin has value and that value keeps on increasing is because of two things: it is a decentralized currency and it still has a long way to go to reach mass adoption.
The other way works though, bitcoin is a currency that gains value which makes it also a store of value.

In summary (based on the arguments on this thread):

• Some people will use bitcoin as a currency.
• Some people will use bitcoin as a store-of-value.
• Some people will use bitcoin as an investment.

We're all free to do whatever we want with our bitcoin, which is what makes it beautiful. You're welcome.

Bitcoin goes up and down but Bitcoin is till bullish so HODL it and wait till it hits another high. Bitcoin has lost some value as U.S President Biden's proposed high tax fro capital gains. Market fluctuations is normal, but we only lose money when we decided to sell the coin.Anytime is a good time for buying bitcoin, don't sell bitcoin unless you're starving.

It is always the case.

When the market has seen to be red, there will be a lot of people that will say that it's a good time to buy.

But you'll never know how many of them really are buying by that time.

Presently still bitcoin works more like a investment to me than a currency, people are withdrawing their Fiat for banks and buying bitcoin? Using currency to buy currency? No, they are using currency to buy gold that's a I can see here meaning that bitcoin is more like a valuable asset than money

Bitcoin is only an investment if you buy it to trade it in a certain exchange like Binance.

But normally, bitcoin is a digital currency and not mainly a store of value but due to volatility in the market, people are holding it when its price varies.

The best time to buy and own bitcoin is during bearish market, that's when you will really appreciate how profitable bitcoin is when its price increase in bull run.

Today the situation with Bitcoin is such that you can see those who truly believe in Bitcoin and those who give up their positions and faith in it.
Glassnode released a report that the latest correction only affected short-term holders.
https://insights.glassnode.com/the-week-on-chain-week-17-2021/

They are most likely newbies. But those who are real hodlers remained completely calm, their wallets were left without any movement.
What does this mean? The fact that today bitcoin has reached such popularity that corrections do not cause violent excitement. And buying bitcoin will be relevant at any time. Similarly, we can add that Nexon recently invested $100 million in Bitcoin, buying 1,717 BTC at an average price of $58,226 per coin. Accordingly, whatever the price of bitcoin, there are no fewer people willing to buy it.
https://en.cryptonomist.ch/2021/04/28/nexon-invests-in-bitcoin/

yes because thats how investment works . in investment there is risk that an assets value can go down . 60k down to 3k in btc is unlikely at this moment and there are less people that will buy that high ( 60k ) but if they will buy will wait for a decline first .

holding fiat alone is called savings but if you save or put it in banks , that was the time it will be called investment .  a house is physical and it can be consider as goods because it has a value and you can sell it , it was an investment as well .

Exactly it is our own choice that how we perceive Bitcoin and use it in our own way.

Investors have added a new assest to their portfolio which can give them high returns in short span instead of Real Estate or Stock market.Many whales are holding huge amounts of funds in bitcoin as they have grown significantly over these years.They are just holding it as investment.

For some Bitcoin is best and alternate option for gold and other assest in the market because they think in the long run they will have some assest which is deflationary and with rising inflation fiat value is decreasing and on the other hand Bitcoin prices are increasing.

Some people are happy that many people are now accepting Bitcoin because they can easily make payments through their Bitcoin wallets and get their stuff and they are using Bitcoin as currency instead of digital cash or fiat as they like to see Bitcoin as currency system.

I will advise you to wait till it weekend you buy. According to the Bitcoin mine statistics, next to mining difficulty adjustment will happen in 2days which is Saturday and once the adjustment is downward it will trigger the dump in the price of the Bitcoin market.

You can buy it anytime beacuse its never gonna make you loss. you just have to hold if price drops..

Partially it's of a truth that you can buy Bitcoin whenever you feel like but looking from another Angel of it everybody suppose to have a target point before buying a coin, because rushing to purchase can equally leads for negative impact and the buyer will be so regretful for purchasing a coin, been aware of when a coin is going down or up is the major point of traders or cryptocurrency investor major objectives to make profit, because that's determine its profit level.

Bitcoin is losing its dominance, this means that alt time is here but bull season is almost over, many don't believe this though they want the bull market to live on but that's not possible, the best time to invest is in bearish market

The best time to buy and trade is when the market is falling, and the price of bitcoin drops in periods of correction, which leads to a drop in the price of alternative cryptocurrencies to buy zone.

We all missed the "best time to buy" bitcoin 11 years ago my friend. Don't overthink if it's high time or not, you might miss another opportunity of yours, just bag up as much as you can afford and forget for another 10 years.

It depends on your value aspect for bitcoin and what you want to understand about it, and which areas you want to put it into/in-use, recently had a friend of mine a rich man asking me about bitcoin along the line of our discussion I noticed he doesn't want to see it as an investment property, but mainly another alternative to bank, so now this is his aspect of understanding, this is why he want to buy, so even though the price is at $100k he would still get some bitcoin, so let people show or choose why they are interested in bitcoin before the strategies of buy dip and sell high. 

This is the best way to ho about it, not minding the price at any particular point to enter the market if your opportune. Yes, its always best yo buy low and some point might seem too high to enter the market if you are to make the most profit but, one thing we must understand is the fact that, profit is profit.

You mustn't get every penny in the market before you accept the fact that, you actually made some profit. The little increment on your invested capital is still profit and as such, you've got to be appreciative of the market. So, being a hodler pays and its probably one of he best ways to earn bitcoin.

You may think that bitcoin's price is falling which in reality is that you can only guess or predict how will the price go. It has been discussed many times that bitcoin is volatile and its price can decrease or increase at any time given. Before the current price which reach $60k and I didn't expect that the price decreased.

If you have a strong ego you can buy every time the bitcoin falls to its seafloor its good to grab the chance to make an investment at this rate, but again not all the dip tells you that there is a reversal movement, if you check on the graph its a strong downtrend and not the lowest price already, always check the graph analysis and try to make a conclusion it's better to use trend lines not just only imagining the market movement. From the previous year that the bitcoin touches the 3k usd this is one of my most regret not buying a lot of bitcoin.

The best time to buy is bear market but that isn't available presently, all you can do is watch the market chart closely and buy when there is a big dip, market is still very bullish there is no reason to fear some dips, they are always a good opportunity to earn more

you have think for the long term. If you believe that bitcoin have bright future than any time can be the best time.
More early you own bitcoin more early you buy a future share. Buy as dip as you can and hold it till the death ;D

Bitcoin is not just an investment although it depends the angle you are tackling it from. But basically Bitcoin is a currency. A digital currency since it serves as means of exchange it can also be regarded as a legal tender

Buying low and selling high has always been the culture of every investor. Taking profit is what substantiate your investment. As a crypto investor knowing when to buy and when to sell will give you an edge over the market since it's always fluctuating due to the high volatility of the market in general. Having a good physiology and maintaining dicipline would keep you at a constant profit margin

The best time to buy is when everyone is complaining that the market is painted red as a result of prices crashing...once you see this that's a signal to buy.

We not going back for $400 per bitcoin but strategy to buy is if it retraces to some old support(price) you can buy and hope price recovers soon.