Bitcoin Forum

Question for the experts here....

Is it too late to jump on the bitcoin-trend? Im considering investing in miners and potentially buying 1 or 2 bitcoins.
Or should I instead look for cheaper alternatives with similar potential?  ??? ??? ???

Especially considering it has plummeted after regulators in China announced a clampdown on crypto.
(https://www.ladbible.com/news/news-bitcoin-price-crashes-after-clampdown-on-cryptocurrency-20210519)

Nobody knows the future. Just like any other investment, you have to take the risk and play the game. If you think spending $30k or more is too much, then lower it until you can feel safe even if you lost your money. Don't risk it all and do DCA to play it safer.

I personally just buy on a monthly basis without looking at the price and plan to exit a few years later. Design your own strategy and the risk you can take by yourself since you're the only one who knows your condition.

If you can sustain the electricity bills if you're planning to have your own miners then that's good. But the ROI also relies on the market situation and what shall be your coins to mine. While you have plans to make your miners, it's a good choice to buy 1-2 bitcoins. I advise you to choose the latter first and that's the best decision that you can do at this time for which the market has dropped a lot. What alternative you can think of? buying altcoins that have dropped too much at these times?

Buy 1 or 3 bitcoins and wait for 5 years then you know the real potential of crypto market, don't get panic due to the dumps and bumps even if the bitcoin goes to $10K in the next few weeks the price will surely reach new all time high in the next 2 years or later.

True - only issue is, that it takes quite some time to get the investment back, but oh well - i'm in it for the long run. :-)

I suggest you allocate the money to buy the mining hardware to buy bitcoin because that can give you a chance to buy more bitcoin. Maybe you can wait for a while to make sure if the price is really down or bounce to the high price. But you can buy bitcoin for a small fraction to test where the market goes so you can prepare to do something. If the price still goes down, you can know at what price you can enter the market and buy orders. But be careful because the market will still fluctuate.

A plant needs some time to grow as a tree then only it will give fruit to us and it will keep giving the fruits forever that is how profitable the long term investment is,

So if you are ready to hold then the profits will come by the right time.

It's hard to say that you are late to get into Bitcoin, but for altcoins it is clear that this time is a good moment,
if you look at the trend, it's now entering the altcoin season, it's just that bitcoin is experiencing a dump and altcoins drop by more than 50%,
yup this is good opportunity to buy altcoins and not bitcoin.

I think It's too late to jump on trend in bitcoin.But don’t need panic you just hold your btc and your profit will come.So you need to patience.

As a long-term investment, it's not late. Everything is cyclical, the markets, too, if they go down sometimes, will also go up later, and I still find BTC, ETH, etc. to be a good investment

I think the altcoin average has dropped a lot, but yesterday there was a starbase that soared by thousands of percent, and there were several other altcoins. So I think there is still a lot of opportunity in altcoins to make a profit, but unfortunately we don't know what altcoins will skyrocket

It's not too late to buy Bitcoin, he can enter in the market right now while the market is still down this can be a good entry point for him. To OP if you want mining, better to learn about it first and understand the cost of doing that, don't too focus on the news on China not unless you're living on that place but if not, you're free to use Bitcoin. If you also don't have any experience in trading, you can buy Bitcoin now and just hold it until it reaches your target price, its risky but its worth it.

It's not too late at all.. In fact, with what's happened in the market this week it could actually be a great time to buy. With there only being a limited amount of Bitcoin in existence, I think there is plenty of time to get in. We are still decades away from the last Bitcoin being mined. Until then, I really think the price will only continue to go up, minus some retractions here and there..

That's right, no one knows what will happen in the future. Late? I don't think so, because until now Bitcoin is still around and growing. Likewise with other currencies, it continues to grow, increase or decrease, even the output of new currencies continues. It's never too late as long as you want to learn, because investing also requires expertise, not just depositing your money and forgetting it, there are many things you need to consider when starting investing. As he said, trade money that you are prepared to lose or feel safe if you lose it. You say 1 or 2 BTC, that's a pretty big amount to invest. Think again, if you are not ready to lose money with that amount, then don't do it. You must be ready to lose whatever you invest, not expecting us to lose, but when it happens, we can accept it sincerely.

Bitcoin dropped almost 50% from it's ATH around 65,000 USD. If you are looking to buy bitcoins then I would keep an close an eye on the market right now. There might be alt coins that are cheaper to buy, but the long term outlook should be much more positive. The thing with China is that they want to ban cryptos so they can promote their own digital Yuan. If this is going to be happen we can't tell yet. Just because China wants us to buy their digital Yuan, doesn't mean investors are going to do so. In my opinion there is no way around Bitcoins in the long run. I am considering buying some more too.

I don't know much about the mining part but the bitcoin purchase part, I don't think that it is too late but you have to do the final decision because if you buy now, there's no guarantee that you will get a profit immediately and you will have to really wait for a long time sometimes to get a decent profit.

it is good to jump bitcoin mate instead of alternatives coin wherein not sure if it can guarantee afterwards , unless you focus on some trusted projects.  
But not now when it comes to BITCOIN. because at this moment still not safe to enter as it keep decreasing... Indeed most of the coin in the market is struggling, so you should wait for the right time because for sure after this situation bitcoint will jump again like what's always happened after all the masive correction in the market. Monitoring the situation is the best way mate because you don't have any idea how long this situation will last..  So keep monitoring bitcoin to don't miss the opportunities..

Don't let the news get into you, maybe only read if it is in your local area.
You could've bought more when the price was like around 30k yesterday.
For mining advices, please ask that in Mining section.

Such a dump that occurred yesterday in the market can be explained by negative news, but the truth is that the market has long demanded a correction, which occurred. And now we can expect further recovery of the BTC price and the achievement of a new ATH. Join bitcoin, it is possible that we will not see such a low price again.

I definitely agree to this.

As long as the crypto market is still running, it is never too late on investing on cryptocurrency, buying the dip is also a good thing. The only moment for us to call it too late is when the cryptocurrency is already devalued because something better replaced it already. Keep in mind also that investment is all about risk, if you make profits, then that's good, and if not, that's also a good thing because you learn something.

Instead of doubting Bitcoin, just invest your money on it already because the market won't wait on you.

Even you are just new to crypto but you have experience in the stock market, you can surely say that it was LATE, but not TOO late enough to miss everything.
Don't go for mining if you only have enough money to start but rather to choose purely investing as this was more profitable, less risk, and expenses.

That is something be exemptional since we had almost forgotten China's participation in crypto in so many times that they ban crypto/Bitcoin.

No one is an expert here. We are all speculators at best.

No! It isn't too late to hop in. The market even afforded everyone an easy opportunity yesterday and the day before it. However, I know most people are always skeptical buying the dip because they think it's catching a falling knife. We should know that Bitcoin is a phoenix. It has several lives and won't die no matter how badly it crashes. So, buy in; even now.


Let the news from China not bother you or anyone. Bitcoin will definitely come out stronger after it and hit a new ATH. We had similar news about the Chinese ban of Bitcoin in 2017 and we all know how Bitcoin turned up after that. Just shake it off.

It is difficult to make recommendations when the situation in the crypto market is changing very quickly. But one thing is for sure, this fall is not the last, but even greater growth is ahead. I rely on the theory of the cyclical nature of the crypto market. It follows from the theory that 2021 is the last year of the next cycle, which means that the full-time growth of cryptocurrencies should begin in September-October. This theory is based on the previous history of the development of the crypto market and the likelihood of what will happen as I wrote is very high. However, I repeat once again, the situation in the crypto market is not predictable and anything can happen.

I'd say ditch the mining idea and just hold cryptocurrencies as is. There are some good alternatives to bitcoin when it comes to just holding for a long time but I won't mention anything since it should be your own research that you follow and not mine. Also, if you're planning on buying bitcoin, now may be a good time since the crypto experienced a huge drop from where it was just a week ago. Your plan of buying 1 - 2 bitcoins may also be better if done in small increments until you reach your target to average your buys.

Trust me, considering long term investment is the best option you have taken so far, been a trader won't help anyway but it needs you to be expert in it that's holding for the long term is perfect for both experts and beginners. I know it's going to be time wasting but the profit will eventually make you smile and be happy for your investment.
I wouldn't want you to buy any other alternative coin because you have enough to acquire 1-2 btc, higher quantity gives bigger gains.

If you had able to get in when bitcoin price had dipped on $35k then you are definitely making out some profits now on a very short span of time.NO need for some experts advice if you can make out

your TA's and make out some own presumptions basing on external fundamentals that might affect the market.So its up to someones decisions on when and what they should buy.

The market had make out some dip movement as of this moment and honestly it was really just a good chance or opportunity to buy up some cheap coins.

If you planning to ride for the long run then there is nothing too late to jump in, the fall of bitcoin value was not something new that occurred in the crypto market (see image below). Just buy as many as you can while it still at a discount  :P

https://i.ibb.co/p0NKx1q/E1z-RLrf-Vc-AEafzd.jpg
Source: https://twitter.com/Bitcoin/status/1395220097841516547

We are actually on sale as of this moment where most coins include bitcoin is in low price since we had experienced dip in prices which i can say that this is the best time to get
in or earlier where bitcoin had already make out some significant movement or increase in short hours which to those who had risk out on buying earlier had already gained
some profits which does indicate the probability of making money in a short gap of time.Its never too late if you do just been mindful on when to get in.
When you are investing then always consider the risk and do mind on what are the probabilities.

I think it depends on the situation and you're own limitation about the price. If you think the price is affordable for you maybe you can still invest, but you have to set a limitation in case the dropping of the price start. Because sometimes we can say that we are late the market is in a bullrun status and it is risky to buy, but in the next day price rising so if we buy today we can still earn if we are lucky and the price rise after we invest.

In investing there is definitely a risk, but at least it must reduce the risk that will occur.
before investing in large amounts, look for more accurate information about crypto in the next week and do not need to think in a long time, at least if bitcoin inflation is not too much to lose.

The price of bitcoin now is really low and I think that it is a good opportunity to buy one right now because it is basically a discounted price and everyone wants to get profits so buying right now is going to be a good profit for you when the prices go back up again.

Yes its good to buy at the dip but we didn't know how dip it could possibly reached so better hold our position first before buying anything since it will be a bad decision for us if we spot the wrong dip since it can make us a bag holder instead of having a winning trade. So if you really wish to enter the market better watch first the chart and see its movement for the past weeks or even on 24 timeframe so that you will get an idea for your positions.

Many people are missing this point of bitcoin, and it is sad to see that because that also returns and bites us when people are selling as well. If you think it is a not good time to buy bitcoin that is understandable because you may feel late, you would be wrong because as long as you can wait for it to go up that means you can buy and wait and profit for sure, but there is also another problem where we are talking about people who actually do own bitcoin and if they are feeling the same, if they feel like they may not end up with a profit much longer that means they will end up selling their bitcoins and that is the biggest problem we have, that is what we should be staying away from.

This is why I think it is quite important that we do not end up with the feeling of "is it done? will we not go up?" because that hurts us a lot more than people think.

We obviously can't avoid the many conversations that occur at times like this, where bitcoin corrections are too deep. they will always say whether it is over and whether it won't happen again in order to improve. because it was inevitable. Everyone is currently feeling confused and looking for answers to at least not be too confused. seems like a human thing, people will try to do that.

true, many have lost bitcoin points, because at this time with a very deep correction, many did not expect it to happen so fast. is actually a natural thing when last year bitcoin made the same increase as the current correction. only maybe many predict that in fact bitcoin will experience a fantastic increase and maybe not a little buy when the price is high because of the expected increase. who do like that certainly cannot uncover a reality like this.

but there must always be a sense of optimism that is built up if we believe that bitcoin is not over yet but it will happen at the end of the year and it is possible that everything can still happen because time is still long.

For me, there will be always a certain chance of time to enter the crypto world, moreover buying Bitcoin. Although we don't know the exact future, at least Bitcoin has proven about the value and also worth so far. If you are going to enter the crypto world, putting your money in Bitcoin is appropriate enough because this is the best crypto so far. However, you must note and also remember that investing in cryptocurrency is very risky. You may get very high risks by losing all of your money if you are panic and sell your BTC at a lower price.
About the new coin, I don't think it will be good. And note, never follow the hype coins because it may not be good at all.

Looking back, It's amazing how Bitcoin has gone from nothing to $60k in only ten years. We all wish we could go back in time to 2009 and buy Bitcoins for a few cents each.
But, it is obvious that ship has sailed...right? Well, not necessarily.

Did you know that Michael Saylor, the largest institutional investor of bitcoin through MicroStrategy, first learned about Bitcoin in 2020? If that wasn't too late perhaps this year won't be either?
Of course, do your own research, only invest what you are willing to lose, and all that.  ;D