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Bitcoin => Bitcoin Discussion => Topic started by: Skfox on May 10, 2024, 05:05:55 PM



Title: When is it right to invest in Bitcoin?
Post by: Skfox on May 10, 2024, 05:05:55 PM
Investing in bitcoin is not something you can just start doing, proper knowledge and planning is needed. Knowing that it is best invested as a short term for beginners like me and long term for experience investors so as to make profit. As an investor, one need to have other means of earnings in other not to stagger when unforeseen occurrences comes like in the bear market(period when bitcoin price falls). Knowing all of these, my questions are:
-When is it the right time to invest in bitcon?
-How can one start planning?
-How do you follow up your bitcoin investment and other businesses?
-What are the assurance that you are ready?


Title: Re: When is it right to invest in Bitcoin?
Post by: Queentoshi on May 10, 2024, 05:17:39 PM
This has been discussed many times before but because you are new, there is no way you would have known.
-When is it the right time to invest in bitcon?
The best time was yesterday.

-How do you follow up your bitcoin investment and other businesses?
If you have other businesses that you are into while you are considering investing in Bitcoin that is a good move because investing in Bitcoin will not take away the time you have to run other businesses, it will just give you a sense of joy that you have an alternate investment in something other than your business.

-What are the assurance that you are ready?
When you are emotionally ready to handle the risks with investing in bitcoins, then you are ready.


Title: Re: When is it right to invest in Bitcoin?
Post by: Alphakilo on May 10, 2024, 05:26:19 PM
 :(Some people would advice that the best time to invest in bitcoin is during the bear market when the price are low. And I couldn't agree more. Another time to invest in bitcoin is when you are ready. Your readiness should be a factor. And when that time comes, you can you the Dollar-cost-Averaging method to do it.

As for planning, you need to educate yourself. Education is powerful and in cryptocurrency you need to spend time in doing your own research, setting yours goal, reading up on wallets, creating strategies to manage the risks that comes with investing in bitcoin and learning the laws and regulations of the different platforms which you may choose to buy bitcoin.

You will know when you are ready. When you can start making contributions to conversations around bitcoin and cryptocurrencies at least the fundamentals. When you do not feel like you are missing out, and when you guts tells you too.
There are so many responses to your questions that you need to read to now it all. I will recommend you read Andreas Antonopoulos, Mastering Bitcoin: Unlocking Digital Cryptocurrencies.


Title: Re: When is it right to invest in Bitcoin?
Post by: Ambatman on May 10, 2024, 05:31:18 PM
There's no definite right time to invest in Bitcoin
Invest when you have the extra funds and ready psychologically to enter the market.

The plan is based on your goals and objective. You the one that can create your own plan based on your resource constraint
It's adviced not to invest more than you can bear to loss and engaging in DCA (buying in units as time goes on) wouldn't be bad.

Bitcoin investment(holding) barely require any of your time except you planning on trading
Which I would advice against
You can never tell you fully ready until you try it.
It's not impossible for the mind to deceive the you that you are ready when you ain't.

Invest lil by lil and increase as your your mind and body gets stronger against market changes.
Don't invest money that would make you desperate and sell in loss.


Title: Re: When is it right to invest in Bitcoin?
Post by: Bulltard on May 10, 2024, 05:39:23 PM
the answer to your question is simple: "always".
$ are printed faster than btc are mined... so in the end price goes up, it's inevitable.

but if you wanna time your trades, well... buy on any dip and and for now, follow what's going on with the etfs because that's what's deciding the markets.
and since there are still almost 300k btc to sell for grayscale, well let's just say that we may not be in full bull until a few months.


Title: Re: When is it right to invest in Bitcoin?
Post by: CryptSafe on May 10, 2024, 05:40:05 PM
Welcome to bitcointalk platform. As a newbie, you are very much free to ask questions as it interests your knowledge and understanding.
One can invest in Bitcoin as it pleases them but to be in the safe side, it is best taking advantage of the bear market to take your position. Buying at that time puts you in a better profit stand as it approaches bull run for those in a long term holding plans. When investing, you should know that it is best to invest with your spare cash or funds you could afford to lose.

As for your safety, do not trust third party exchange with your assets because they own the private key to the wallet holding your assets so in that case it doesn't belong to you but them since it is under their custody and they can decide whatever measures as it pleases them before you could access it. Make sure to keep your assets under your custody as you have the sole control over them. Save or keep your private keys in a secured place only you have access to for the safety of your assets.


Title: Re: When is it right to invest in Bitcoin?
Post by: bluebit25 on May 10, 2024, 06:08:48 PM
The fact that you can learn more about bitcoin to realize the opportunities that you can take advantage of with it will make it easier for you to make a decision. And we are not all the same, so it will be difficult to express all our opinions about bitcoin and the possibilities that each person has access to. You can buy bitcoin keep it until profitable and the story before starting is the capital, and the story behind when is the right time to take profits :)

Like when I can't advise you how you should eat a sandwich, but if you have it, you should just taste it. Similarly, bitcoin has many problems that cannot be expressed through just a few opinions, so I still highly encourage people to research it carefully before starting to do something. Don't start with ambiguity like you can hold the car keys and drive them while you don't know how to operate the car.


Title: Re: When is it right to invest in Bitcoin?
Post by: Promocodeudo on May 10, 2024, 06:14:21 PM
Investing in bitcoin is not something you can just start doing, proper knowledge and planning is needed. Knowing that it is best invested as a short term for beginners like me and long term for experience investors so as to make profit. As an investor, one need to have other means of earnings in other not to stagger when unforeseen occurrences comes like in the bear market(period when bitcoin price falls). Knowing all of these, my questions are:
-When is it the right time to invest in bitcon?
-How can one start planning?
-How do you follow up your bitcoin investment and other businesses?
-What are the assurance that you are ready?


You don't really need to know everything before you invest in Bitcoin, you only need the basic knowledge and good investment goals, it is not stamped that newbies must invest for short term purpose, shorterm and longterm decision is based on the investor understanding about Bitcoin, op you should know that Bitcoin is not get rich quick investment that's why the good investment plan for Bitcoin is long-term, during this long term an investor would have been conversant with the system, many events will take place and after that he will not see fluntuation of Bitcoin price as a threat to his portfolio, then he will wait for the profitable moment to come.

The right time to invest in Bitcoin is when you are financially and mentally ready irrespective of the price at that moment, you plan by having extra hustle and emergency funds for yourself so that once you invest you won't be tempted to withdraw prematurely, you follow-up your Bitcoin investment using a good non custodian wallet to hold your Bitcoin, know your passphrase and keys and save it personally so that you won't lose your Bitcoin temporally or permanently.


Title: Re: When is it right to invest in Bitcoin?
Post by: Amphenomenon on May 10, 2024, 06:16:10 PM
-When is it the right time to invest in bitcon?
-How can one start planning?
-How do you follow up your bitcoin investment and other businesses?
-What are the assurance that you are ready?
There's a saying, which goes by Everyone gets bitcoin at the price they deserved

There are so many responses to your questions that you need to read to now it all. I will recommend you read Andreas Antonopoulos, Mastering Bitcoin: Unlocking Digital Cryptocurrencies.
This is not really the right book for Op since this book is a technical book while Op is interested in bitcoin investment .
Though I don't really know a good bitcoin investment book but Op can visit this board to have a backup knowledge about bitcoin investment https://bitcointalk.org/index.php?board=57.0


Title: Re: When is it right to invest in Bitcoin?
Post by: 0t3p0t on May 10, 2024, 06:21:09 PM
Investing in bitcoin is not something you can just start doing, proper knowledge and planning is needed. Knowing that it is best invested as a short term for beginners like me and long term for experience investors so as to make profit. As an investor, one need to have other means of earnings in other not to stagger when unforeseen occurrences comes like in the bear market(period when bitcoin price falls). Knowing all of these, my questions are:
-When is it the right time to invest in bitcon?
-How can one start planning?
-How do you follow up your bitcoin investment and other businesses?
-What are the assurance that you are ready?


1. If you are familiar with DCA or dollar cost averaging you can do it anytime. But if you have a tight budget I think bear market will be the best time to invest as you can place the best entry while the price is quite lower.
2. First acquire knowledge, do your own due deligence, set your budget and then jump into the actual thing.
3. If you are a long term hodler you don't need to take time checking it every single day but if you still insist and you also have other business then you need time management.
4. If you have enough knowledge and capital then you can start right away but remember crypto is volatile it can always turn against your decisions so be aware of that. Just keep calm and buy as long as you can.


Title: Re: When is it right to invest in Bitcoin?
Post by: mindrust on May 10, 2024, 06:26:00 PM
Start small unless btc is way below its last ATH. Bitcoin is famous for its market cycles. When it goes 50% lower than its last ATH, it is usually a very good time to get in with big chunk of money. If bitcoin is at its ATH or near ATH, then start DCA'ing because the chances are quite high that bitcoin won't be able to go much higher from there. Also decide on the risk levels you are willing to take. For example if you think you shouldn't risk more than 5% of your total wealth on btc, stop investing when you reach that percentage and start working on your sell strategies now instead of buying more. If you carry more risks than you could afford to take, you will make stupid decisions in the future. Risk management is essential.


Title: Re: When is it right to invest in Bitcoin?
Post by: Bitco55 on May 10, 2024, 07:20:31 PM
Investing in bitcoin is not something you can just start doing, proper knowledge and planning is needed. Knowing that it is best invested as a short term for beginners like me and long term for experience investors so as to make profit. As an investor, one need to have other means of earnings in other not to stagger when unforeseen occurrences comes like in the bear market(period when bitcoin price falls). Knowing all of these, my questions are:
-When is it the right time to invest in bitcon?
-How can one start planning?
-How do you follow up your bitcoin investment and other businesses?
-What are the assurance that you are ready?



1. During the bearish period. Doesn't seem reasonable, but in this period the price of Bitcoin reduces drastically and people sell out their assets due to fear. The type of people who usually do these are those without full knowledge of how the Bitcoin market works. You buy during this period, of course after obtaining proper knowledge of the market too, so you don't purchase it and it becomes a loss.

2. This question is a little bit vague. planning for what exactly?

If it's planning to invest in Bitcoin then you can start by getting a job, saving, reading investment books, and taking action. You may fail, you will fail, but it's an experience you'll need for a bigger quest or goal.

3. Review. Track your progress. Literally, follow up by tracking your progress.

4. No one is ever ready. ( There's a high probability this is from a movie). Take action, you will fail, get up and learn. Waiting till you're ready may take forever.


Title: Re: When is it right to invest in Bitcoin?
Post by: peter0425 on May 10, 2024, 07:41:11 PM
-When is it the right time to invest in bitcon?
Ideal time of course is during when a market is expressing a downward trend. You want to buy in the cheapest price as possible and then sell at the highest price so it’s crucial to time your entry perfectly.
Quote
-How can one start planning?
Learn about its fundamentals. I would suggest learning about the different kinds of things you can do with bitcoin aside from just holding. If other things find your interest then you can focus on that but if you decide you just want to hold then my opinion would be for you to start planning your goals and an estimation of how you’ll achieve that.
Quote
-How do you follow up your bitcoin investment and other businesses?
Well if you’ve made profit you should take it out already and then find other more useful ways to use that money in.


Title: Re: When is it right to invest in Bitcoin?
Post by: electronicash on May 10, 2024, 07:52:48 PM

with all the warnings people hear from the gold investors, they will be caught in the middle whether which one should they go. until they see Bitcoin goes $100K, that's the time they will try to buy. but it may just still be the right time even if the price has sailed.

there is never really a right time to buy unless they are a short-term investor. to which they prefer to buy when the price dips.


Title: Re: When is it right to invest in Bitcoin?
Post by: Alone055 on May 10, 2024, 08:00:35 PM
-When is it the right time to invest in bitcon?

There is no specific time for that, it depends on your personal financial goals and targets and your investment strategy. One might invest when the market is in the bull run and still achieve their target while others might want more profit hence they invest only when the market is down.

-How can one start planning?

Once it is decided that you will make an investment, start gaining knowledge first, and once you are done with that and you think you are ready to go with it, that's when you can start planning your investment strategy.

-How do you follow up your bitcoin investment and other businesses?

There is no rocket science in that, just keep your assets safe and keep an eye on the market and its movements.

-What are the assurance that you are ready?

When you have a budget that you can allocate to the investment and have enough knowledge to know and understand everything including the risks.  :)


Title: Re: When is it right to invest in Bitcoin?
Post by: serjent05 on May 10, 2024, 08:08:19 PM
This has been discussed many times before but because you are new, there is no way you would have known.
-When is it the right time to invest in bitcon?
The best time was yesterday.

So are you saying that @OP had missed the opportunity to invest in Bitcoin?

I believe the right time to invest in Bitcoin is the time when a person is ready.

Ready to accept the losses.
Ready to face the risk.
Ready to hold and be patient.
Have his funds ready so that it won't affect him financially even after using them to buy Bitcoin.
Ready to control their emotion.
Their intellectual state is ready and understand the market movement of Bitcoin.

-How do you follow up your bitcoin investment and other businesses?

It is an SOP to be updated through news portals.  

-What are the assurance that you are ready?

When you have enough understanding of the market and faith in your decision in investing on Bitcoin.


Title: Re: When is it right to invest in Bitcoin?
Post by: Kristiyana on May 10, 2024, 08:28:42 PM
Actually There is no specific time to invest in bitcoin, you can invest in bitcoin at anytime that's if you have a capital to start up the investment, although there are some people who use timing method they always time the market before they can invest, once the market show's decline they will still hold on until it shows green. However timing the market sometimes is not good it can make you lose a very big opportunity I think timing the market is good when you're holding so that you can keep timing until it hits your target then you can sell.


Title: Re: When is it right to invest in Bitcoin?
Post by: Sandra_hakeem on May 10, 2024, 08:34:59 PM
Bitcoin isn't like some shitty investments y'all know about.. I keep saying this; if you have an investment plan that you know nothing about, get a mentor. You won't be asking what the right time to invest in Bitcoin is if you really know about Bitcoin.

I'm more concerned about your ignorance on how the system works. BTC right now is already close to ATH, and at this point, it could either decide to retrace or hit the tracks, who knows?
So it's advisable to buy when the price is low - DIP.


Title: Re: When is it right to invest in Bitcoin?
Post by: The Cryptovator on May 10, 2024, 08:49:03 PM
In short, now is the best time to invest in Bitcoin. In the long , you should follow the DCA strategy to invest in Bitcoin. Just keep accumulating with each dip. So your average purchase cost will be reduced with every dip. Since we are unable to detect the bottom of the Bitcoin price, the standard investment strategy is DCA. But everything depends on your financial situation. Otherwise, you have to make your own investment strategy. If you wait for the bottom, then most probably you will miss accumulating bitcoin. 


Title: Re: When is it right to invest in Bitcoin?
Post by: decodx on May 10, 2024, 08:49:47 PM
No one really knows if Bitcoin will keep going up or crash back down.  I mean, who can see the future? The best tips are: only put in money you're okay with losing, and brace yourself for a wild ride either way.  Don't blow your savings on Bitcoin thinking you'll get rich quick.  Set a budget you're comfortable with and  read up on it so you actually understand what Bitcoin is.  Have a strategy in mind, like if you'll sell if it drops below a certain point or if it hits a crazy high number.  There's no magic trick to know if or when Bitcoin will peak.  But if you educate yourself start small, know it could get rocky, yet still think it's a worthwhile gamble, then maybe dive on in.


Title: Re: When is it right to invest in Bitcoin?
Post by: Belarge on May 10, 2024, 09:14:43 PM
Actually There is no specific time to invest in bitcoin, you can invest in bitcoin at anytime that's if you have a capital to start up the investment, although there are some people who use timing method they always time the market before they can invest, once the market show's decline they will still hold on until it shows green. However timing the market sometimes is not good it can make you lose a very big opportunity I think timing the market is good when you're holding so that you can keep timing until it hits your target then you can sell.
Opportunities knocked on our doors daily and it will only be fair to us when we make huge profits. We have to place our analysis on a particular project because keeping our heads up for formidable winnings. We have right entries on bitcoin, we should be doing what's best known out in the space and grabbed our golden opportunities to ourselves. We can invest in bitcoin and become one of the promising humans on planet earth. We should always know what to do and comprehend our strategies towards achieving our goals. 


Title: Re: When is it right to invest in Bitcoin?
Post by: Russlenat on May 10, 2024, 09:28:21 PM
Start small unless btc is way below its last ATH. Bitcoin is famous for its market cycles. When it goes 50% lower than its last ATH, it is usually a very good time to get in with big chunk of money. If bitcoin is at its ATH or near ATH, then start DCA'ing because the chances are quite high that bitcoin won't be able to go much higher from there. Also decide on the risk levels you are willing to take. For example if you think you shouldn't risk more than 5% of your total wealth on btc, stop investing when you reach that percentage and start working on your sell strategies now instead of buying more. If you carry more risks than you could afford to take, you will make stupid decisions in the future. Risk management is essential.
Yes, if you decide to invest, always make a calculated risk. You can’t just invest just for the sake of money, that won’t be a good idea. But invest when you are knowledgeable enough about the risks that are associated in bitcoin, and invest as much as possible when the market is bearish so you can still purchase a good amount of bitcoin out from a small amount of money that you can afford of losing. And lastly, invest only when you have already a stable job as your major source if income, so that you won’t invest and expect quick returns to cater to your basic needs.


Title: Re: When is it right to invest in Bitcoin?
Post by: ndutndut on May 10, 2024, 09:32:20 PM
Investing in bitcoin is not something you can just start doing, proper knowledge and planning is needed. Knowing that it is best invested as a short term for beginners like me and long term for experience investors so as to make profit. As an investor, one need to have other means of earnings in other not to stagger when unforeseen occurrences comes like in the bear market(period when bitcoin price falls). Knowing all of these, my questions are:
-When is it the right time to invest in bitcon?
-How can one start planning?
-How do you follow up your bitcoin investment and other businesses?
-What are the assurance that you are ready?

For me, all times are the right time to buy bitcoin because bitcoin is an asset of the future, this is what you have to maintain when you want to invest in bitcoin. So, you don't need to know when is the best time to buy Bitcoin, what you need to do now is set aside your salary for your needs and invest in Bitcoin.

However, even though the price of Bitcoin cannot be predicted, if you see the price of Bitcoin going down, you can buy it. However, to reduce risk, you can apply the DCA strategy, you buy bitcoin regularly in a fixed amount and at a fixed time. Because in this way, the bitcoins you have will accumulate and have different purchase prices so that the price changes.


Title: Re: When is it right to invest in Bitcoin?
Post by: Wakate on May 10, 2024, 09:41:03 PM
Actually There is no specific time to invest in bitcoin, you can invest in bitcoin at anytime that's if you have a capital to start up the investment, although there are some people who use timing method they always time the market before they can invest, once the market show's decline they will still hold on until it shows green. However timing the market sometimes is not good it can make you lose a very big opportunity I think timing the market is good when you're holding so that you can keep timing until it hits your target then you can sell.
Opportunities knocked on our doors daily and it will only be fair to us when we make huge profits. We have to place our analysis on a particular project because keeping our heads up for formidable winnings. We have right entries on bitcoin, we should be doing what's best known out in the space and grabbed our golden opportunities to ourselves. We can invest in bitcoin and become one of the promising humans on planet earth. We should always know what to do and comprehend our strategies towards achieving our goals. 
Since there are many projects in the market we can always buy and hold for the bull. Opportunity is something we should always prepare for so that we don't have to lose in the market due to fear and unplanned loses. A wise trader or investor would always want to plan before investing in the crypto market because this is one of the ways to prevent unplanned loses in the market especially when the tokens we aee holding keeps falling. If we don't have other investments or funds to take care of us bill, it could have a serious effect ts on us which could make us sell at loses.


Title: Re: When is it right to invest in Bitcoin?
Post by: Issa56 on May 10, 2024, 09:41:38 PM
As an investor, one need to have other means of earnings in other not to stagger when unforeseen occurrences comes like in the bear market(period when bitcoin price falls).
Having multiple sources of income is just so important, so if you are an investor or a trader, make sure you are doing something outside of cryptocurrency. In case anything happens to your crypto, you have other things to depend on.
 
If you are a holder and you don’t have other things you are doing to make money, then you will end up selling the investment that you are planning to hold, but if you have other sources of income, then you will never think about your holding.

-When is it the right time to invest in bitcon?
Nobody will be able to answer this question. Whenever the market is down, just do your analysis and invest whenever you think it’s the right time for you to do so. You don’t have to ask anyone when you are to invest, it’s your money, and nobody is supposed to tell you what you will do with it.

-How do you follow up your bitcoin investment and other businesses?
Investing in bitcoin doesn’t have anything to follow up on, just buy and hold your bitcoin in your wallet, and everything is fine. If you want to track your bitcoin investment, you can just check your wallet to see the amount of bitcoin that you bought now.


Title: Re: When is it right to invest in Bitcoin?
Post by: Bananington on May 10, 2024, 09:56:04 PM
-How do you follow up your bitcoin investment and other businesses?
Investing in bitcoin doesn’t have anything to follow up on, just buy and hold your bitcoin in your wallet, and everything is fine.
Everything will not really be fine if you just buy and hold your bitcoins in your wallet without considering your security and the importance of keeping up with new threats and possible security breach that could be exploited by scammers to steal from you.  Buying Bitcoin alone make sure you target the scammers, so there is a need to make sure you are current with new security tips and measures, because they are always updated and scammers keep updating their own strategy.


Title: Re: When is it right to invest in Bitcoin?
Post by: DaNNy001 on May 10, 2024, 10:03:25 PM
Investing in bitcoin is not something you can just start doing, proper knowledge and planning is needed. Knowing that it is best invested as a short term for beginners like me and long term for experience investors so as to make profit. As an investor, one need to have other means of earnings in other not to stagger when unforeseen occurrences comes like in the bear market(period when bitcoin price falls). Knowing all of these, my questions are:
-When is it the right time to invest in bitcon?
-How can one start planning?
-How do you follow up your bitcoin investment and other businesses?
-What are the assurance that you are ready?


I would say do your own research, moreover you here in one of the most active and lucrative forum when it's comes to Bitcoin. But if am to tell you from my own side then I think even now is a good time to buy because we are expecting a massive bull run upfront although I would advise to keep a steady pace that's if you intend to hold for long, just buy Bitcoin using the most popular strategy which is the DCA STRATEGY.


Title: Re: When is it right to invest in Bitcoin?
Post by: Smartvirus on May 10, 2024, 10:13:43 PM
You might have the best intentions at heart but, you should be careful not to spread the wrong information as this  could be misleading.

Investing in bitcoin is not something you can just start doing, proper knowledge and planning is needed. Knowing that it is best invested as a short term for beginners like me and long term for experience investors so as to make profit.
Obviously having to start Bitcoin investment head on without any proper research on what Bitcoin is, where to buy it and where to have it stored. These are the basics and with these, you could start your Bitcoin investment journey. The rest, you could study as you go and not without waiting on a time. You don’t get to lose an opportunity that way.

Also, long or short term investments aren’t for experienced or inexperienced investors. There is no stratification to this, you get to invest as you please but, it’s best while investing for the purpose of hodling, you hodl for a long time.


Title: Re: When is it right to invest in Bitcoin?
Post by: Riginac111 on May 10, 2024, 10:52:35 PM
You want to invest in Bitcoin invest when the price of Bitcoin is low and they expect to make a profit to mind the prices high but sometimes many people does not check the chat of Bitcoin before the invest sometimes investing when the prices at risk because women invest when the price is high and after the Investment the price will be going to fall that is why you have to watch well from the devil to know when to invest and will not invest so the proper time to invest is when the price is low


Title: Re: When is it right to invest in Bitcoin?
Post by: johnsaributua on May 10, 2024, 11:00:13 PM
Bitcoin is a timeless crypto asset, I believe bitcoin is the best option even in any condition or any beginner will still be profitable with the consequence of continuing to hodl without being consumed by the fud that terkadanng comes, the proof is that in the past 5 years bitcoin has received a rely that is very beyond reason in my opinion, losing up to 4X the price from today, but successfully broken in the last 2 years and outperformed it. As long as the asset has fundamentals and has a large community like bitcoin, of course the expensive price and fees that soar and the fud that attacks are certainly not a problem.
very far with the performance of altcoins which may be contrary to bitcoin in terms of fud and other mechanisms. but so far bitcoin has never disappointed, although the decimal that is obtained is small because of limited capital, but keeping bitcoin in the wallet is more comfortable and stable in my opinion than other instruments.


Title: Re: When is it right to invest in Bitcoin?
Post by: GbitG on May 10, 2024, 11:13:08 PM
It's a pleasure to see you, OP!
 
I welcome you as a newcomer here. I will try to answer your question.
 
-When is it the right time to invest in bitcon?
Investment depends on your financial status or how much skill/knowledge you have about Bitcoin.
 
Now it will be easy to answer your question because if you have a large amount, then I think you should monitor the market and buy in a dip under the Lump Sum strategy which will be the best idea from a long-term perspective. . And if you don't have much experience in the market, then I think the DCA strategy will be the best option for you, because it is not too risky, that is, it can minimize the loss ratio as well as the volatility.
 
 Now it is your choice which strategy you think is right. But before that, you have to note this point that you have to bring spare money to invest in Bitcoin, which means that your life cannot be put at risk. There is no financial advisor for the rest, you have to monitor everything yourself. That is, you have to act on your own decision.

DYOR!


Title: Re: When is it right to invest in Bitcoin?
Post by: Bd officer on May 10, 2024, 11:34:31 PM
-When is it the right time to invest in bitcon?
Actually there is no specific right time to invest, you can invest anytime, for that you have to hold for a long time. If you invest at any time and hold for long term you can definitely profit. Now it is better for you to invest in DCA method. If you invest in DC method then you can buy bitcoins at average price. There may be an opportunity for you in the short term, as the Bitcoin halving is complete and everyone is waiting for a bull run. So if you can invest in DCA method from now then you can expect to make good profit in bull run. But to invest you need to have the ability to hold the investment for long term.


Title: Re: When is it right to invest in Bitcoin?
Post by: Rruchi man on May 10, 2024, 11:38:45 PM
Investing in bitcoin is not something you can just start doing, proper knowledge and planning is needed.
Knowledge is required before investing in bitcoins, but if you were to quantify the amount of knowledge needed before you could make your first percent investment in bitcoin, I would say it is not so much and just within the range of thirty. And as a newbie interested in investing in bitcoins, you do not have to wait until you have all the knowledge before you make your first investment, because while you delay, you may miss some good opportunities to have bitcoins while the price is still favorable. '

Get the basic information required to invest and to keep your bitcoins safe while you improve on your knowledge.


Title: Re: When is it right to invest in Bitcoin?
Post by: hatshepsut93 on May 10, 2024, 11:55:23 PM
The best time is during the bear market, the second best time is early in the bull run. Buying when bull run is in full swing is risky, because after the crash comes, you might be in red for a few years if you failed to sell.

Many people would tell to buy always at any price - the DCA approach, but I think if you're at least a little familiar with trading, buying and selling during the major trends would be much more optimal.


Title: Re: When is it right to invest in Bitcoin?
Post by: Assface16678 on May 11, 2024, 12:05:58 AM
-When is it the right time to invest in bitcon?
Actually there is no specific right time to invest, you can invest anytime, for that you have to hold for a long time. If you invest at any time and hold for long term you can definitely profit. Now it is better for you to invest in DCA method. If you invest in DC method then you can buy bitcoins at average price. There may be an opportunity for you in the short term, as the Bitcoin halving is complete and everyone is waiting for a bull run. So if you can invest in DCA method from now then you can expect to make good profit in bull run. But to invest you need to have the ability to hold the investment for long term.
Exactly, but also keep in mind that even if you invest in bitcoin using DCA, you still need to consider when to enter the market or when to buy it. Of course, even if you only buy a fraction of bitcoin, you will still need to buy low and sell high, meaning that you will buy bitcoin at its low price and hope that it will rise up so you can earn. Everything that will be done in bitcoin should be done with analysis and with carefulness, because if not and you just buy bitcoin at random times and moments, you might see red numbers in your account or portfolio. Investing in bitcoin is great, truly, but keep in mind that you will still need to consider many things, not just buy and sell, and also consider having prior knowledge and skills in bitcoin so that you can hone it and eventually master it.


Title: Re: When is it right to invest in Bitcoin?
Post by: wallet4bitcoin on May 11, 2024, 12:12:23 AM
Whenever you get started in the Bitcoin journey is the best. There is no regulatory right time to get into the Bitcoin investment.

So. most people don't like getting involved in things that aren't regulated because the regulatory systems are yet to give their own validation about them, in such cases, you always get slow rate of adoption and that's actually okay but when they finally get the conviction and buy in It is actually the right time


Title: Re: When is it right to invest in Bitcoin?
Post by: Cryptomultiplier on May 11, 2024, 02:28:00 AM
Investing in bitcoin is not something you can just start doing, proper knowledge and planning is needed. Knowing that it is best invested as a short term for beginners like me and long term for experience investors so as to make profit. As an investor, one need to have other means of earnings in other not to stagger when unforeseen occurrences comes like in the bear market(period when bitcoin price falls). Knowing all of these, my questions are:
-When is it the right time to invest in bitcon?
-How can one start planning?
-How do you follow up your bitcoin investment and other businesses?
-What are the assurance that you are ready?

I wouldn't say that the best time to invest in BTC is during the bull run or bear run seasons because what would matter during these season is the strategy the investor chooses to start with and abide by.
Anyone who intends to accumulate or HoDL BTC for some time would consider using the DCA strategy and would be consistent enough in either seasons until they decide to diversify or withdraw their investment.

The assurance of confidence to show one is ready for BTC investment is if they can speak on the subject non stop and be understood by a third party with similar or no interest at all. At this point, ones knowledge base has increased and after setting up an account on any exchange, including creating and learning the management process for safety and security, the most important step in the investment journey will be to buy some coins and try to either trade with it or HoDL it, depending on preference.


Title: Re: When is it right to invest in Bitcoin?
Post by: rodskee on May 11, 2024, 03:03:04 AM
Investing in bitcoin is not something you can just start doing, proper knowledge and planning is needed. Knowing that it is best invested as a short term for beginners like me and long term for experience investors so as to make profit. As an investor, one need to have other means of earnings in other not to stagger when unforeseen occurrences comes like in the bear market(period when bitcoin price falls). Knowing all of these, my questions are:
-When is it the right time to invest in bitcon?
-How can one start planning?
-How do you follow up your bitcoin investment and other businesses?
-What are the assurance that you are ready?

even if I combined all your question the only answer is one and that is?

"If you have Understand the market and Will Only Risk the amount you cana fford to lose"


because even if how we answer that one by one yet the only answer is as simple as that , but that is if
you can handle the greed to come.


Title: Re: When is it right to invest in Bitcoin?
Post by: Darker45 on May 11, 2024, 03:17:59 AM
Bitcoin is best as a long-term investment. That's true for both beginners and veterans, for everybody.

When is the right time to invest in Bitcoin?
- When Bitcoin's correction reaches the bottom. How to tell if it's already the bottom? It's difficult. We can't. So, buying during dips is good enough. But considering that Bitcoin is for long term, buying anytime, whenever you're ready, is good. If you have the understanding and the money, you can do the buying.

How can one start planning?
- Understand Bitcoin. Understand investment. Understand Bitcoin as an investment.

How do you follow up your bitcoin investment and other businesses?
- You can hodl your Bitcoin. Self-custody it. I don't know about other businesses.

What are the assurance that you are ready?
- It's when you are already convinced of Bitcoin as a technology.


Title: Re: When is it right to invest in Bitcoin?
Post by: YUriy1991 on May 11, 2024, 03:53:07 AM
If you ask so, first prepare your capital in advance which is really no longer related to your daily or family shopping needs and. For the timing of market entry time there is no limit, anytime you can enter provided you have made some observations although not too in-depth at all and the effect it will add to your understanding of market performance as well as your readiness with inherent risks.

How to start, after everything is okay, you buy whether all at once or installments but what you need to remember is never you trade if you do not take care of it both in terms of price volatility, charts and market trends and you should do it with long-term methods only and it is better for doubling your investment value in the future and this is important take good care of your assets do not like to show off even though your own friends have a lot of profit. just relax.


Title: Re: When is it right to invest in Bitcoin?
Post by: bettercrypto on May 11, 2024, 05:01:25 AM
Investing in bitcoin is not something you can just start doing, proper knowledge and planning is needed. Knowing that it is best invested as a short term for beginners like me and long term for experience investors so as to make profit. As an investor, one need to have other means of earnings in other not to stagger when unforeseen occurrences comes like in the bear market(period when bitcoin price falls). Knowing all of these, my questions are:
-When is it the right time to invest in bitcon?
-How can one start planning?
-How do you follow up your bitcoin investment and other businesses?
-What are the assurance that you are ready?


Investing is easy; the only thing that is not often done by investors is to do research or find out what they are going to invest in first. Here, there is often a problem that, in the end, the used capital of an investor is just dissolved.

It's very simple: if you 100% believe or trust that your capital in Bitcoin will be put to good use, buy it now if you have a purchase or when you will have a purchase. Now, if you feel doubt and don't buy, you should invest your full trust in Bitcoin.



Title: Re: When is it right to invest in Bitcoin?
Post by: Essential10 on May 11, 2024, 05:21:48 AM
-When is it the right time to invest in bitcon?
-How can one start planning?
-How do you follow up your bitcoin investment and other businesses?
-What are the assurance that you are ready?
I think the time to invest in Bitcoin is when you feel comfortable investing. You can start a plan either way, it's up to you. But first of all you need cash before starting planning. If you are ready to invest in bitcoins if you have a large amount of money and that money you absolutely want to invest in bitcoins then you can. If your invested amount is less then you can use DCA method in case you need to have additional source of income where you can continue monthly or weekly. Using the DCA method will greatly reduce your tendency to panic as a result of market downs. I have prepared and invested in Bitcoin, now it's time for you to prepare how interested you are in Bitcoin investment.


Title: Re: When is it right to invest in Bitcoin?
Post by: EL MOHA on May 11, 2024, 02:31:56 PM
I think the time to invest in Bitcoin is when you feel comfortable investing. You can start a plan either way, it's up to you. But first of all you need cash before starting planning. If you are ready to invest in bitcoins if you have a large amount of money and that money you absolutely want to invest in bitcoins then you can. If your invested amount is less then you can use DCA method in case you need to have additional source of income where you can continue monthly or weekly. Using the DCA method will greatly reduce your tendency to panic as a result of market downs. I have prepared and invested in Bitcoin, now it's time for you to prepare how interested you are in Bitcoin investment.

I can’t agree less with you, buying of bitcoin definitely doesn’t have time, the only thing aside acquiring the knowledge is to get the capital ready once this two are in place you don’t need to wait for a specific time to invest into bitcoin. You will see people always talking about buying the dip which yes is the right time to buy as that is when the price will be low.

But the problem is you can’t know the exact price that is the dip so to avoid missing out on buying low, the DCA method is the right or perfect strategy for it. With DCA you have the ability to buy at different prices and at the end, the average price is usually reasonable


Title: Re: When is it right to invest in Bitcoin?
Post by: Gladitorcomeback on May 11, 2024, 02:57:45 PM
I think the time to invest in Bitcoin is when you feel comfortable investing.

Exactly, low or high price and other factors come later, the very first thing is whether you are ready to invest or not, and if you are ready, have done enough research, and understand Bitcoin very well, the current market price wouldn't bother you and you will start buying even if it's priced a bit high because you will know that the price is eventually going to go up, but this is only for long-term investors and those who plan to hold their assets for years to come.

For those looking to make short-term trades with Bitcoin, they need to learn technical analysis so that they can watch the charts and decide whether the time is right for them to make an entry or not and whether they can make some profit if they buy at the current price or they need to wait a bit more.


Title: Re: When is it right to invest in Bitcoin?
Post by: Blitzboy on May 11, 2024, 03:21:21 PM
Bitcoin investing isnt for everyone. Like all my significant decisions, its important. But timing is crucial, and the greatest moment to buy is when you're ready and know the market. Bitcoin, like everything else, has ups and downs. Understanding those cycles lets you make wise, not risky decisions. How do you prepare? Your study. Read everything about Bitcoin: trends, expert viewpoints. Believe me, knowledge is your greatest asset. You must be organized when juggling this with other businesses. Use tools, create price alerts, and remain informed. Be sure to diversify. Avoid betting everything on Bitcoin. Spreading your investments reduces risk. How do you know you're ready? You need both information and gut instinct. You must expect volatility and ups and downs.


Title: Re: When is it right to invest in Bitcoin?
Post by: Plaguedeath on May 11, 2024, 03:27:43 PM
For beginners, "anytime" is the right time to invest in Bitcoin because you don't have to analysis and thinking about the market, you will earn after holding for long term.

For experts, they can use lump sum strategy to buy at the bottom and sell at the top, usually they will buy 2 years after halving and sell a year after next halving.

For traders, they can buy and sell whenever they like based on their own analysis.


Title: Re: When is it right to invest in Bitcoin?
Post by: Tmoonz on May 11, 2024, 04:02:08 PM
Investing in bitcoin is not something you can just start doing, proper knowledge and planning is needed. Knowing that it is best invested as a short term for beginners like me and long term for experience investors so as to make profit. As an investor, one need to have other means of earnings in other not to stagger when unforeseen occurrences comes like in the bear market(period when bitcoin price falls). Knowing all of these, my questions are:
-When is it the right time to invest in bitcon?
-How can one start planning?
-How do you follow up your bitcoin investment and other businesses?
-What are the assurance that you are ready?


I will start by saying that it is wrong approach or for thinking that a beginner should be playing with Bitcoin for a short wave, yeah any one can do whatever they like but the truth must be told that Bitcoin investment is best performed when view on a long term perspective. Bitcoin is not a tradable coin and it is not also a quick and get rich scheme that is what every beginners should know

What you needed is a basic knowledge to start your accumulation process and learn more on your way up.

When it comes to Bitcoin long term investment plan, the first best or right time would have been yesterday and the second best or right time is today and procrastinating of ever buying Bitcoin is what will make you not to have Bitcoin in your portfolio. The dca strategy gives you the opportunity of buying Bitcoin at regular intervals irrespective of the price point either weekly or monthly according to your financial situation, any time you Bitcoin is a right time if the plan is to hold for a longer period of time.

Your investment plans can only be within the following factors

1. Your financial situation (source of income)

2. Your choice of method of buying (lump sum or dca)

3. Understand your risk tolerance level

4. Your investment goals and objectives

5. An emergency funds

You have to invest from your discretional and disposable income you got from your other business, it is your other business that should be taking care of your Bitcoin investment

The only assurance that you are ready is that you must have that self conviction that will be enough for you to know if Bitcoin is a good coin that is worthy of investing or not which will give you that opportunity of making an informed decisions in your accumulation journey or process. for more details you on this buy the dip and hodl (https://bitcointalk.org/index.php?topic=5132720.0) which has gotten up 400 and something pages where lots of knowledge are being shared when comes to Bitcoin, the thread is worth recommending. All thanks @ JayjuanGee.


Title: Re: When is it right to invest in Bitcoin?
Post by: GiftedMAN on May 11, 2024, 04:42:06 PM
Skfox welcome on board. These are the things you need to have for you to know that you are ready to begin your investment journey in cryptocurrency (Bitcoin).
1) Personal determination to begin your investment.
2) Your starting capital
3) Having little knowledge about what you are investing in
4) Having a stable income so you don't depend on your Bitcoin investment for your survival
5) Your readiness to accept the risk and total outcome of your investment
6) Understanding that you don't become rich overnight with Bitcoin investment.

After getting the following information it is important you make your own research to find out more about certain things you might need for yourself then you are good to go.


Title: Re: When is it right to invest in Bitcoin?
Post by: CryptoHeadlineNews on May 11, 2024, 04:52:08 PM
Knowing that it is best invested as a short term for beginners like me and long term for experience investors so as to make profit.
I think what you meant here is vice-versa, because as a beginner who is new into Bitcoin investment, I'm sure it will take you long term in other to see reasonable profit, unlike an experienced investment/trader who is likely to know how to speculate the market, invest and within a short time frame cash out a reasonable profit.


Quote
-When is it the right time to invest in bitcon?
The truth of the fact is that there is no right time to invest in Bitcoin, but rather invest in Bitcoin when you know you have a good sum of money you could afford to it rise and fall in value and yet not affecr your daily lifestyle.

Quote
-How can one start planning?
You can start planning by keeping a certain amount of money either daily, weekly or monthly that will be use to investing in Bitcoin.

Quote
-How do you follow up your bitcoin investment and other businesses?
Is by knowing what percentage or amount of money you are willing to be using for both Bitcoin investment and other businesses.

Quote
-What are the assurance that you are ready?
The moment you can't let it go off your mind, but always thinking about Bitcoin investment, and have been able to understand it's basic fundamentals about how it works and how to protect your funds against online scams, with a money readily available for investment. Just know that is a sign that you are ready for it.


Title: Re: When is it right to invest in Bitcoin?
Post by: GigaBit on May 11, 2024, 06:13:02 PM
There is no fixed timeline for investing in Bitcoin. An investor can continue investment activities in Bitcoin as per his convenience. Investors need to have adequate knowledge of when to buy bitcoins from dips. Those who can make a good assumption about when an investment is likely to earn a good profit are more likely to profit from Bitcoin. There is no substitute for acquiring Bitcoin related knowledge when planning with Bitcoin. The plan is relatively simple for those with a basic knowledge of Bitcoin. It is said that in order to invest in Bitcoin, you need to know about Bitcoin and when the scope of knowing about Bitcoin increases, then the knowledge about the proper time for investment will also increase.


Title: Re: When is it right to invest in Bitcoin?
Post by: South Park on May 11, 2024, 06:24:56 PM
Investing in bitcoin is not something you can just start doing, proper knowledge and planning is needed. Knowing that it is best invested as a short term for beginners like me and long term for experience investors so as to make profit. As an investor, one need to have other means of earnings in other not to stagger when unforeseen occurrences comes like in the bear market(period when bitcoin price falls). Knowing all of these, my questions are:
-When is it the right time to invest in bitcon?
-How can one start planning?
-How do you follow up your bitcoin investment and other businesses?
-What are the assurance that you are ready?

Even if there is a right time to invest in bitcoin, which is the very bottom of the cycle in which we are in, very few people can buy at that price, since the price remains at the bottom for only a very short amount of time, so you cannot obsess about buying at the best possible price as many investors do this, and they end up not buying any bitcoin as they keep waiting for the bottom to happen again, the rest of the questions have the same answer, you need to learn more about this market and investing in general, once you do this then you will know exactly what to do, just do not forget that in order to learn everything you need to know, it could take you months or even years, so if you want to invest on this market you need to start learning all what you can right now.


Title: Re: When is it right to invest in Bitcoin?
Post by: Hyphen(-) on May 11, 2024, 06:29:32 PM
Investing in bitcoin is not something you can just start doing, proper knowledge and planning is needed. Knowing that it is best invested as a short term for beginners like me and long term for experience investors so as to make profit. As an investor, one need to have other means of earnings in other not to stagger when unforeseen occurrences comes like in the bear market(period when bitcoin price falls). Knowing all of these, my questions are:
-When is it the right time to invest in bitcon?
-How can one start planning?
-How do you follow up your bitcoin investment and other businesses?
-What are the assurance that you are ready?

As a beginner, you have said it all; learning is the first step to everything because if you don’t know about Bitcoin, you will not know what it takes nations and how to go about it. Use learnmeabitcoin.com (http://learnmeabitcoin.com) to know about Bitcoin and how it works.

You mentioned short time investment for the beginners, I don’t think it is right when it comes to Bitcoin because once you are able to trust Bitcoin, long term investment is the best in order to get a better return of your investment; altcoins are what needs short term investment because they are centralized.


Title: Re: When is it right to invest in Bitcoin?
Post by: darkangel11 on May 11, 2024, 06:41:19 PM
I'm the buy and forget type of guy so there's no better time than now to buy bitcoin. Eventually it's going to go up and the time you choose to buy will only change how much you'll have to wait for it.
I'm not planning at all. I have enough money to survive, some investment real estate, my own house, so I only look for 3 things in bitcoin and that's safety, inflation hedge and anonymity. I don't really care if it goes up 10% or 5% a year. So far it's been doing much better, but if it were to stay at $60k for another year and then go to maybe 65k and then 70k, I'd be completely satisfied, even though in the next 3 years it would still be below this year's all time high. Don't keep your head in the clouds dreaming that bitcoin will allow you to buy an expensive car and show off. Work for it and use bitcoin as safe private money that the government and other people can't take from you.


Title: Re: When is it right to invest in Bitcoin?
Post by: Asiska02 on May 11, 2024, 06:49:51 PM
Investing in bitcoin is not something you can just start doing, proper knowledge and planning is needed. Knowing that it is best invested as a short term for beginners like me and long term for experience investors so as to make profit. As an investor, one need to have other means of earnings in other not to stagger when unforeseen occurrences comes like in the bear market(period when bitcoin price falls). Knowing all of these, my questions are:
-When is it the right time to invest in bitcon?

Can they ever be a right time to invest in bitcoin? There’s no perfect time to invest in it, once you’ve done your research and willing to put your money into the investment, you can just start. No perfect time to start and no perfect entry for it because of its uncertainties.

Quote
-How can one start planning?

Read about it, know the advantages and disadvantages before venturing into it.

Quote
-How do you follow up your bitcoin investment and other businesses?

Once you’ve made up your mind to invest in bitcoin and have a target price to withdraw your investment, just let it grow to that price before withdrawing it. If you are the type that can’t get your target quantity of bitcoin at a go, you can use the DCA strategy to achieve your goal and get them at an average price.

Quote
-What are the assurance that you are ready?

When you are ready to let go off that money for a very long time and not take it out until your aim is achieved. When emotions no longer make you feel uncomfortable due to market volatile conditions. When you’re convinced beyond reasonable doubt that the investment of bitcoin is worth it and will make you profitable if you wait for the right time to withdraw.


Title: Re: When is it right to invest in Bitcoin?
Post by: sokani on May 11, 2024, 07:26:11 PM
When is it the right time to invest in bitcon?
The best time to buy Bitcoin is when the market is bearish. You can buy a lump sum if you've a very deep pocket but if you do not have the financial capacity, DCA is another good method to acquire it and you can be buying bit by bit as money enters into your pocket.

How can one start planning?
It's not something you've to think too much about, just buy no matter how small your bag is. Also, I'd like you to read educative articles about Bitcoin, crypto market and wallet security.

How do you follow up your bitcoin investment and other businesses?
By active interacting on the forum and reading in other crypto news site.


Title: Re: When is it right to invest in Bitcoin?
Post by: AnonBitCoiner on May 11, 2024, 08:03:05 PM

-When is it the right time to invest in bitcon?
-How can one start planning?

If you see that the market is in dumping condition and you have money then take the benefit and buy Bitcoin because there is not an exact timing at which you can buy Bitcoin. Bitcoin increases in price but some months or years are needed to show us huge pumps and if we don't have patience then buying at a lower price does not give us any benefit because we will surely sell due to panic if we are impatient.

If you gained the knowledge about Bitcoin then utilize your saved amount for Bitcoin investment and if you don't have any saved amount then start to save and then make a plan to buy and sell your bitcoin at a planned price. Planning for investment totally depends on you and others cannot tell you about your plans so try to focus first on learning.


Title: Re: When is it right to invest in Bitcoin?
Post by: eightdots on May 11, 2024, 08:54:16 PM
-When is it the right time to invest in bitcon?

The decision to invest is a decision that should be made on your own, without being influenced by anyone. The person who will invest must learn what he will invest in and have sufficient knowledge about the market before investing.

Investment is not something that can be done on impulse. Just because your friend or people around you have made a profit does not mean that you will also make a profit. Before investing, it is necessary to know the risks of investment.

Knowing the right time to invest is not easy. It may not be right to be precise about something that is not easy. Everyone should make their own investment decision and make their investment at the time they determine.


Title: Re: When is it right to invest in Bitcoin?
Post by: GbitG on May 11, 2024, 09:41:34 PM
-When is it the right time to invest in bitcon?
The best time was yesterday.
Hmm, this seems a bit off.
Mate, maybe you told the OP the wrong target. Because the best opportunity of buying did not come on 9th May the dip that came on May 11th May means that the price had declined from its peak and reached straight-forward support. That is, the BTC price fell from 63,469 to 60,187 in only 4 hours. Which refutes the statement of the best time for investment. 
 
Apart from this, you may not know that according to technical analysis, Bitcoin was moving in a symmetric triangle within a 4-hour time frame. where the decline line was $63,000 and the support level was 60,000. And you see, this is what happened, that is, the price rejected the same at 63k and 60k provided the best opportunity for investment, which is also called a small dip, so it will not be bad. 
 
So, all these mentioned posts of mine will give a good awareness that the market did not give a better opportunity for investment on 9th May but on 11th May.


Title: Re: When is it right to invest in Bitcoin?
Post by: Bravut on May 11, 2024, 09:46:54 PM

-When is it the right time to invest in bitcon?
-How can one start planning?
-How do you follow up your bitcoin investment and other businesses?
-What are the assurance that you are ready?


There is no right time to invest in Bitcoin, but during bull run is when people tend to get in it based off the knowledge you already have. Let say you begin your accumulation journey by DCAing is the regular and simple way to go, by that I mean keeping aside a certain amount to be use to our purchase Bitcoin weekly, quarterly and monthly. If you keep buying $100 worth of Bitcoin every week and discipline about it, this is a good start since you're still a newbie.

Every investor have plans, and also take action based on that plan. In Essence you make your own plans suitable to you that can aid you in achieving your set targets and goals.

Assurance that one is ready, comes when your already have the "right knowledge", and understanding of what you want to get involved in,not neglecting the fact that you will have to accept any setbacks and work on them to achieve more.


Title: Re: When is it right to invest in Bitcoin?
Post by: mirakal on May 11, 2024, 10:34:25 PM
I think the time to invest in Bitcoin is when you feel comfortable investing.

Exactly, low or high price and other factors come later, the very first thing is whether you are ready to invest or not, and if you are ready, have done enough research, and understand Bitcoin very well, the current market price wouldn't bother you and you will start buying even if it's priced a bit high because you will know that the price is eventually going to go up, but this is only for long-term investors and those who plan to hold their assets for years to come.

For those looking to make short-term trades with Bitcoin, they need to learn technical analysis so that they can watch the charts and decide whether the time is right for them to make an entry or not and whether they can make some profit if they buy at the current price or they need to wait a bit more.
Yes, one will only invest if he's ready, physically, emotionally and financially. At least, you know that even if you lose your funds, you will not be affected that much since you have already anticipated that losing is part in any investment.

Also, one will only invest if he is not fearful taking the risk. That is why acquiring knowledge and skills before planning to invest is a must, that is to lessen the risk of losing and increase the potentials of making profits.


Title: Re: When is it right to invest in Bitcoin?
Post by: Churchillvv on May 11, 2024, 11:36:41 PM
Investing in bitcoin is not something you can just start doing, proper knowledge and planning is needed. Knowing that it is best invested as a short term for beginners like me and long term for experience investors so as to make profit.
You're very wrong, if you continue with this notion you might end up making bad decisions in bitcoin investment. Bitcoin is not best for beginners in short term rather it's generally best for everyone to invest and hodl for a long term.

-When is it the right time to invest in bitcon?
Personally, I consider the best time to invest in bitcoin to be any time I have the availability or the capacity to buy and hold, the. It's my best time to invest.

Perhaps it obvious that buying the dip is a very good time to invest as it serves as a discount to one when buying.


-How can one start planning?
Apparently you don't need to much plan to start you can start any where and anyhow, the starting doesn't determine the end.
All you need is the capital and a secured wallet the rest will be learnt along the line. You can also read the suggestions of others.

-How do you follow up your bitcoin investment and other businesses?
Bitcoin investment is not a job! So you can just have it in a wallet and go about your daily business except you want to start trading it then you will have to take much of your time to think, analyse and make decisions hence you can follow up bitcoin investment by just checking out what's happening around bitcoin using the forum and other unforeseen resources.

-What are the assurance that you are ready?
This is up to you. As soon as you make up your mind then you are ready.


Title: Re: When is it right to invest in Bitcoin?
Post by: Ale88 on May 11, 2024, 11:38:19 PM
Investing in bitcoin is not something you can just start doing, proper knowledge and planning is needed. Knowing that it is best invested as a short term for beginners like me and long term for experience investors so as to make profit. As an investor, one need to have other means of earnings in other not to stagger when unforeseen occurrences comes like in the bear market(period when bitcoin price falls). Knowing all of these, my questions are:
-When is it the right time to invest in bitcon?
-How can one start planning?
-How do you follow up your bitcoin investment and other businesses?
-What are the assurance that you are ready?
You don't need to be a bitcoin expert in order to buy and store them properly, you just need to do a little homework and then, if you want, you can keep studying and understanding bitcoin more and more. Many users on this forum, including myself, know the basic stuff about bitcoin but not everybody is interested in knowing every single aspect. If you want to be an expert before buying then you'll probably miss out a lot of opportunities.


Title: Re: When is it right to invest in Bitcoin?
Post by: Zanab247 on May 13, 2024, 05:07:41 PM
Quote from: Plaguedeath
For beginners, "anytime" is the right time to invest in Bitcoin because you don't have to analysis and thinking about the market, you will earn after holding for long term.

For experts, they can use lump sum strategy to buy at the bottom and sell at the top, usually they will buy 2 years after halving and sell a year after next halving.

For traders, they can buy and sell whenever they like based on their own analysis.
Yes, you can buy at anytime as a newbies when you have the knowledge of BTC investment, but if you want to buy plenty of BTC from the market, it will be advisable to wait for bear run to occur before you can buy and hodl for bull run to come before you can trade to earn plenty profits.

Like those that have the knowledge to buy BTC and hodl it for long, because they know that bull run will surely come for them to sell to earn high profit than those will go to earn from Short term hodling.

The favourabe season traders use to trade their coins, is bull run which you can try to make use of the season to be profitable in the future.


Title: Re: When is it right to invest in Bitcoin?
Post by: DubemIfedigbo001 on May 13, 2024, 06:03:13 PM
when is the right time to invest in bitcon?
The best time is today, you probably didn't meet the last price of yesterdays, so you continue from were you met it, start investing because these prices you see today would be seen no more in coming years

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-How can one start planning?
Get a side hustle first, that's the most important planning to do, bitcoin investment is for a long term and you need a good job to sustain you while you HODL. You can use DCA to invest periodically if you don't have the lump sum to invest, the beauty is that you acquire a good quantity over time without much stress or pressure on your finances.

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-How do you follow up your bitcoin investment and other businesses?
You don't need to follow up your investments unless you're a trader and not an investor. The rules are simple.
Keep your con in a decentralized wallet and not  an exchange.
Never reveal your seed phrases or private keys to anyone, store it properly offline.
Be careful the kind of websites you visit with your device to avoid inviting spyware and Trojans that can hijack your data and lead to Loss of coins.
Never link your main wallet to faucets claiming sites or airdrops so your coins would not be stolen.
Do not place your mind on your coins because volatility of bitcoin can cause serious concerns for you but would be rewarding at a long term of you don't panic sell.
You can go about your daily businesses without much attention to your coins if you keep the rules above, it will be safe and will appreciate with the bull run.


Title: Re: When is it right to invest in Bitcoin?
Post by: Plan well on May 13, 2024, 10:50:59 PM
(Every time is a right time) why i said so is that we can actually predict when bitcoins will skyrocket I mean who knows tomorrow

We just have to know more about anything concern BTC investment before you inter market and the best way to do that is to collaborate with the expert in the business


Title: Re: When is it right to invest in Bitcoin?
Post by: batang_bitcoin on May 13, 2024, 11:04:07 PM
(Every time is a right time) why i said so is that we can actually predict when bitcoins will skyrocket I mean who knows tomorrow

We just have to know more about anything concern BTC investment before you inter market and the best way to do that is to collaborate with the expert in the business
There is no need for an expert to collab with you. You can do it on your own if you want to buy Bitcoin. You read steps on how to purchase your first ever BTC and then you're good. What's wrong with most people think that are not yet in Bitcoin that it's so hard to buy Bitcoin where in fact that it is not when you know how to read and follow simple instructions.


Title: Re: When is it right to invest in Bitcoin?
Post by: MainIbem on May 13, 2024, 11:39:45 PM
There is no need for an expert to collab with you. You can do it on your own if you want to buy Bitcoin. You read steps on how to purchase your first ever BTC and then you're good. What's wrong with most people think that are not yet in Bitcoin that it's so hard to buy Bitcoin where in fact that it is not when you know how to read and follow simple instructions.
Well, most people feel they'll need instructions from experts before going into the market, Although it's not a bad idea but I think without collaborating with an expert one could study and Bitcoin understand it's concept better then it would be easier for them to go into the market, purchase and invest in it. I feel It would be better for one to learn it, understand it and purchase it themselves cause some said experts could take advantage of your ignorance and cheat you based on the fact you know nothing about Bitcoin. I think people should invest in Bitcoin when they're financially buoyant of purchasing it without affecting their day to day life or going totally broke. For me the best time to invest in Bitcoin is during the bear season for a long term investor so as to profit during bull season.


Title: Re: When is it right to invest in Bitcoin?
Post by: bitterguy28 on May 14, 2024, 07:07:47 AM
Investing in bitcoin is not something you can just start doing, proper knowledge and planning is needed. Knowing that it is best invested as a short term for beginners like me and long term for experience investors so as to make profit. As an investor, one need to have other means of earnings in other not to stagger when unforeseen occurrences comes like in the bear market(period when bitcoin price falls). Knowing all of these, my questions are:
-When is it the right time to invest in bitcon?
-How can one start planning?
-How do you follow up your bitcoin investment and other businesses?
-What are the assurance that you are ready?



 - the right time is when you are ready and willing to risk your money .

 - before investing you must plan first lol , never invest when you are not knowledgeable about the investments.

 - what do you mean by Followup ? bitcoin is inside your wallet , nothing that you need to follow up because you can check that all time.

 - like what my first comment says, when your funds is ready and you know where to risk


Title: Re: When is it right to invest in Bitcoin?
Post by: batang_bitcoin on May 14, 2024, 07:30:45 AM
There is no need for an expert to collab with you. You can do it on your own if you want to buy Bitcoin. You read steps on how to purchase your first ever BTC and then you're good. What's wrong with most people think that are not yet in Bitcoin that it's so hard to buy Bitcoin where in fact that it is not when you know how to read and follow simple instructions.
Well, most people feel they'll need instructions from experts before going into the market, Although it's not a bad idea but I think without collaborating with an expert one could study and Bitcoin understand it's concept better then it would be easier for them to go into the market, purchase and invest in it. I feel It would be better for one to learn it, understand it and purchase it themselves cause some said experts could take advantage of your ignorance and cheat you based on the fact you know nothing about Bitcoin. I think people should invest in Bitcoin when they're financially buoyant of purchasing it without affecting their day to day life or going totally broke. For me the best time to invest in Bitcoin is during the bear season for a long term investor so as to profit during bull season.
I know right but someone who can't find his mentor needs to do more of research than finding someone to mentor him. Why? That's because the scammers might take advantage of the situation and instead of him buying Bitcoin, he might end up buying them Bitcoin with his money. There are too many scammers nowadays and seeing a situation like this, they won't hesitate to take that moment on because that seems an opportunity for them to take.


Title: Re: When is it right to invest in Bitcoin?
Post by: pinggoki on May 14, 2024, 07:45:16 AM
Let me tell you something about this one, you don't need anything fancy or any kind of intricate plan, what you really need is just the will and attitude of jumping first then ask questions later, just invest your money in bitcoin, the only thing that would matter in that case is how much you've got in terms of money and how consistent you can do it for your own pleasure, the only strategy you need is doing DCA and the patience to go for the long-term, you're already good to go with that one so I'm not sure why do you need to complicate something that could be done in a simple manner?


Title: Re: When is it right to invest in Bitcoin?
Post by: BALIK on May 14, 2024, 07:45:51 AM
Investing in bitcoin is not something you can just start doing, proper knowledge and planning is needed. Knowing that it is best invested as a short term for beginners like me and long term for experience investors so as to make profit. As an investor, one need to have other means of earnings in other not to stagger when unforeseen occurrences comes like in the bear market(period when bitcoin price falls). Knowing all of these, my questions are:
-When is it the right time to invest in bitcon?
-How can one start planning?
-How do you follow up your bitcoin investment and other businesses?
-What are the assurance that you are ready?
You don't need to be a bitcoin expert in order to buy and store them properly, you just need to do a little homework and then, if you want, you can keep studying and understanding bitcoin more and more. Many users on this forum, including myself, know the basic stuff about bitcoin but not everybody is interested in knowing every single aspect. If you want to be an expert before buying then you'll probably miss out a lot of opportunities.

Also, I don't really know what expert means, what is the definition of expert? We have in-depth knowledge but cannot make profits and miss many opportunities, or only need basic knowledge and we can make big profits. So who is the expert in this case?

I agree with you, there is no need to become an expert before investing in bitcoin, or being called an expert means we will definitely profit without loss. When investing or business, the ultimate goal is the profit we can make, no one cares how much knowledge we have as long as we make a profit, we are winners.


Title: Re: When is it right to invest in Bitcoin?
Post by: LogitechMouse on May 14, 2024, 08:08:03 PM
~
Knowing all of these, my questions are:
-When is it the right time to invest in bitcon?
-How can one start planning?
-How do you follow up your bitcoin investment and other businesses?
-What are the assurance that you are ready?
- There's no such thing as "right" time to invest into Bitcoin because what you even think is the right time might not even be the right time because there might be a better time than you think. It's best to just buy if there's an opportunity. Maybe that's the right time. If there's a correction, that might be a good time to buy.
- Start planning? I mean just plan. If you are equipped with knowledge already, you will learn how to plan, and how long will that plan be. Just be knowledgeable and you will be able to start planning.
- I have no businesses, but I follow up by checking on the market daily to keep myself updated. I don't know what you mean with this one TBH.
- Assurance? In crypto space, there's no such thing as assurance. The fact that the Bitcoin is unpredictable is already a proof that your assurance to make money off of it is almost non-existent. You can make profit, but you can also lose money depending on your decisions. There's no assurance that you will make money and lose money as well. Just have knowledge, and that will increase your chances of making money in crypto.


Title: Re: When is it right to invest in Bitcoin?
Post by: Franctoshi on May 14, 2024, 08:30:42 PM
There on perfect or time to Buy Bitcoin,  But from Bitcoins historical data Bitcoin has always make a new ATH after every 4 years,  precisely after it halving, which means that even though you had buy the top of last Bitcoin ATH and wait few years later , Today you would still be in profit,  However, you would have opportunity to get Bitcoin in a discount prices if you apply a strategy called DCA and Buy the dips , this way you will have a good time buying Bitcoin.


Title: Re: When is it right to invest in Bitcoin?
Post by: Dzwaafu11 on May 14, 2024, 08:50:46 PM
We just have to know more about anything concern BTC investment before you inter market and the best way to do that is to collaborate with the expert in the business

You don't really have any experts before you invest in bitcoin; in fact, you did not suppose to find someone when you want to invest in bitcoin to collaborate with because when it comes to money, I don't think you are supposed to trust another person. People change when things like this come, and another reason you shouldn't look for experts is because the person who you think will put you through knows more about bitcoin than you do, so definitely this person knows many ways to scam you when he sees that your investment has started appreciating since he knows everything about your investment from the first time, so the best thing is to do your own research. (DYOR)


Title: Re: When is it right to invest in Bitcoin?
Post by: Kristiyana on May 14, 2024, 08:58:23 PM
Investing in bitcoin is not something you can just start doing, proper knowledge and planning is needed. Knowing that it is best invested as a short term for beginners like me and long term for experience investors so as to make profit. As an investor, one need to have other means of earnings in other not to stagger when unforeseen occurrences comes like in the bear market(period when bitcoin price falls). Knowing all of these, my questions are:
-When is it the right time to invest in bitcon?
-How can one start planning?
-How do you follow up your bitcoin investment and other businesses?
-What are the assurance that you are ready?
You don't need to be a bitcoin expert in order to buy and store them properly, you just need to do a little homework and then, if you want, you can keep studying and understanding bitcoin more and more. Many users on this forum, including myself, know the basic stuff about bitcoin but not everybody is interested in knowing every single aspect. If you want to be an expert before buying then you'll probably miss out a lot of opportunities.

Also, I don't really know what expert means, what is the definition of expert? We have in-depth knowledge but cannot make profits and miss many opportunities, or only need basic knowledge and we can make big profits. So who is the expert in this case?

I agree with you, there is no need to become an expert before investing in bitcoin, or being called an expert means we will definitely profit without loss. When investing or business, the ultimate goal is the profit we can make, no one cares how much knowledge we have as long as we make a profit, we are winners.

I totally agree with you but is good to have the knowledge about bitcoin investment, for you to get profited in bitcoin investment doesn't mean that you need to be expert rather you have to acquire the knowledge about how bitcoin investment works and also to get the necessary information about bitcoin investment, because if you don't have the knowledge about how bitcoin investment works there's no way you're going to get profited in bitcoin investment.


Title: Re: When is it right to invest in Bitcoin?
Post by: SATWAT on May 14, 2024, 09:11:54 PM
There on perfect or time to Buy Bitcoin,  But from Bitcoins historical data Bitcoin has always make a new ATH after every 4 years,  precisely after it halving, which means that even though you had buy the top of last Bitcoin ATH and wait few years later , Today you would still be in profit,  However, you would have opportunity to get Bitcoin in a discount prices if you apply a strategy called DCA and Buy the dips , this way you will have a good time buying Bitcoin.
For me there is no perfect time to buy its just needed you have money into your pocket and having all required things from where you can buy bitcoins its simple with currently we are having all around $61K which is the good price to buy for long run investment and short term as well because now we are having good chance of going positive or staying here for some time.
Recently we are having our ATH which is good sign and most chances we will be having another soon in 2024 with 2025 is going to be good year for the crypto community because many hurdles are settled and sentiments are also positive which are going to help for having good range of price for the long run.


Title: Re: When is it right to invest in Bitcoin?
Post by: Maslate on May 14, 2024, 09:21:56 PM
Investing in bitcoin is not something you can just start doing, proper knowledge and planning is needed. Knowing that it is best invested as a short term for beginners like me and long term for experience investors so as to make profit. As an investor, one need to have other means of earnings in other not to stagger when unforeseen occurrences comes like in the bear market(period when bitcoin price falls). Knowing all of these, my questions are:
-When is it the right time to invest in bitcon?
-How can one start planning?
-How do you follow up your bitcoin investment and other businesses?
-What are the assurance that you are ready?
You don't need to be a bitcoin expert in order to buy and store them properly, you just need to do a little homework and then, if you want, you can keep studying and understanding bitcoin more and more. Many users on this forum, including myself, know the basic stuff about bitcoin but not everybody is interested in knowing every single aspect. If you want to be an expert before buying then you'll probably miss out a lot of opportunities.
Right. Knowing even the basic is fine, as long as you continue to study and learn everyday once you start to invest in bitcoin. The important thing is, you know what you are doing and you have certain goal to achieve, that way you will stick to your goal by investing and hodling, and by not being easily tempted to sell when price crash or correction appears. Invest bitcoin in a calm and patient mind, that way you will achieve your goal and won’t end up investing at a loss.


Title: Re: When is it right to invest in Bitcoin?
Post by: Vinaa77 on May 14, 2024, 11:05:05 PM
Let me tell you something about this one, you don't need anything fancy or any kind of intricate plan, what you really need is just the will and attitude of jumping first then ask questions later, just invest your money in bitcoin, the only thing that would matter in that case is how much you've got in terms of money and how consistent you can do it for your own pleasure, the only strategy you need is doing DCA and the patience to go for the long-term, you're already good to go with that one so I'm not sure why do you need to complicate something that could be done in a simple manner?
What you say is right, when we have made a lot of planning and we can't carry it out, of course it would be better for us to start trying it first, even though planning before investing is very important and it would be better if we could continue to try to invest and continue to seek knowledge about Bitcoin, if we can invest consistently of course we will be able to get satisfactory results from what we have invested, using the DCA strategy as you mentioned will certainly feel easier and we must be able to do it consistently so that we can enjoy the results satisfying investment in the future.


Title: Re: When is it right to invest in Bitcoin?
Post by: kro55 on May 15, 2024, 09:31:04 AM
There on perfect or time to Buy Bitcoin,  But from Bitcoins historical data Bitcoin has always make a new ATH after every 4 years,  precisely after it halving, which means that even though you had buy the top of last Bitcoin ATH and wait few years later , Today you would still be in profit,  However, you would have opportunity to get Bitcoin in a discount prices if you apply a strategy called DCA and Buy the dips , this way you will have a good time buying Bitcoin.

But I don't like and disagree with your advice about buying bitcoin right at ATH. If you bought bitcoin at 69k$ in 2021 and yes, you made a profit when bitcoin hit 73k$ 2 months ago. But you've held bitcoin for 4 years and the profit hasn't even reached 10%, do you think it's a smart investment strategy? So don't invest if you have no knowledge about bitcoin. Not to mention investing in bitcoin is much riskier than other assets, and if the returns we receive are not commensurate with the risks we face, it is best not to invest in it.
We need to have the right knowledge, strategy and plan before investing, don't invest blindly and become a liquidity pool for others.


Title: Re: When is it right to invest in Bitcoin?
Post by: kryptqnick on May 15, 2024, 09:44:56 AM
I don't think investing in Bitcoin requires a lot of knowledge, but of course it's important to weigh in the risks and only invest what one can afford to lose. Answering the questions, I'd say a good time to invest in Bitcoin is when the price is 50% or more below the ATH, but it's okay to invest at any point one has an opportunity to do or, or to do DCA. Planning to invest should include choosing a method and platform of purchase, a non-custodial wallet to store BTC, and getting an idea of under which circumstances you will sell. Following up, to me, just means checking the price from time to time and perhaps checking the funds as well. And you're ready when you feel ready, it's a subjective matter.


Title: Re: When is it right to invest in Bitcoin?
Post by: Rockstarguy on May 15, 2024, 10:13:20 AM
This has been discussed many times before but because you are new, there is no way you would have known.
-When is it the right time to invest in bitcon?
The best time was yesterday.
If yesterday was just the best time to invest most beginners would think their is no hope or opportunity for them to invest today. The best time to invest is when you see good reasons to invest and not investing in ignorance just to make quick money. The best time to invest in bitcoin is when one realised that bitcoin is a longterm investment and understands it is also a volatile currency which people must not expect to make profit from it quick.

Yesterday were the days when we were ignorant and skeptical about bitcoin and will missed the opportunity of investing it which their is nothing that can be done about it, but we still have today and the same bitcoin people were unable to invest because of some reasons, now is still a good time to invest in bitcoin so far as one is not investing to make quick money from it .


Title: Re: When is it right to invest in Bitcoin?
Post by: fat buddah on May 15, 2024, 10:55:51 AM
Investing in bitcoin is not something you can just start doing, proper knowledge and planning is needed. Knowing that it is best invested as a short term for beginners like me and long term for experience investors so as to make profit. As an investor, one need to have other means of earnings in other not to stagger when unforeseen occurrences comes like in the bear market(period when bitcoin price falls). Knowing all of these, my questions are:
-When is it the right time to invest in bitcon?
-How can one start planning?
-How do you follow up your bitcoin investment and other businesses?
-What are the assurance that you are ready?


1. Always
2. Do your research and base your strategy on what are you trying to accomplish. You can DCA, buy dips, or even trade.
3. I'm DCAing, so I'm just checking my portfolio and watching the news from time to time.
4. When you did your research, understand that you need to invest only what you can afford to lose, and when you understand that it might be emotionally hard to see first dips or crashes and you will need to survive it.


Title: Re: When is it right to invest in Bitcoin?
Post by: Questat on May 15, 2024, 12:33:33 PM
Well, I hope that people understand that there is no perfect time to buy but there is the right time to do it and for me, that is when the price to cheap.
If we just imagine to person buying Bitcoin at $60k versus buying at $55k, it is obvious to see who will earn more if they sell together at the same price. That is why I say that every dip is another buying opportunity and every pump is always a selling opportunity. But if you are a long-term holder, it doesn't matter at least we buy Bitcoin during the bear season, not like this time. Because even though we believe that Bitcoin price will continue to increase but we don't have such assurance, it is better to act cleverly and cautiously.


Title: Re: When is it right to invest in Bitcoin?
Post by: Victorik on May 15, 2024, 12:51:12 PM
There's no perfect time to buy Bitcoin. The most important thing is have enough information to guide your investment. If you don't have the right guidance, mistake will definitely be inevitable.
Many jump into buying bitcoin without a clearly defined plan.
It's a good thing you are asking questions.


Title: Re: When is it right to invest in Bitcoin?
Post by: RockBell on May 15, 2024, 01:16:32 PM
(Every time is a right time) why i said so is that we can actually predict when bitcoins will skyrocket I mean who knows tomorrow
Exactly because if you want the price to decide when you are going to invest in Bitcoin then you will never invest because you will be waiting for when the price will come down so that you can buy it is a good idea but waiting its a long time if not that you are holding, so if you have the money to buy just buy because that might be the only opportunity you have to be able to invest because, bitcoin price is always going up, so the earlier your mind is made up about investment the better. no one knows tomorrow.

We just have to know more about anything concern BTC investment before you inter market and the best way to do that is to collaborate with the expert in the business
The knowledge we have about bitcoin will give us the direction to follow, and that is why we can not joke with learning when it comes to bitcoin, you must be ready to learn every single thing. because every information is needed. and entering the market with knowledge will be of great help.


Title: Re: When is it right to invest in Bitcoin?
Post by: fuguebtc on May 15, 2024, 01:48:00 PM
(Every time is a right time) why i said so is that we can actually predict when bitcoins will skyrocket I mean who knows tomorrow
Exactly because if you want the price to decide when you are going to invest in Bitcoin then you will never invest because you will be waiting for when the price will come down so that you can buy it is a good idea but waiting its a long time if not that you are holding, so if you have the money to buy just buy because that might be the only opportunity you have to be able to invest because, bitcoin price is always going up, so the earlier your mind is made up about investment the better. no one knows tomorrow.

We just have to know more about anything concern BTC investment before you inter market and the best way to do that is to collaborate with the expert in the business
The knowledge we have about bitcoin will give us the direction to follow, and that is why we can not joke with learning when it comes to bitcoin, you must be ready to learn every single thing. because every information is needed. and entering the market with knowledge will be of great help.

We should buy when we are willing to accept risk and apply the DCA strategy instead of buying all at once. Bitcoin is unpredictable, it can increase immediately after we buy it but the opposite can also happen, so using DCA is never a bad strategy. In addition, we need to do some basic analysis and research before buying, we should not assume that bitcoin is unpredictable and we rush to buy right at the ATH zone of bitcoin. If Bitcoin goes up, it will definitely go down, it never increases vertically, so you should not rush and mistakenly buy at a peak like the recent price zone of $73k. Don't buy bitcoin because Fomo without any analysis.


Title: Re: When is it right to invest in Bitcoin?
Post by: CageMabok on May 15, 2024, 02:51:40 PM
I totally agree with you but is good to have the knowledge about bitcoin investment, for you to get profited in bitcoin investment doesn't mean that you need to be expert rather you have to acquire the knowledge about how bitcoin investment works and also to get the necessary information about bitcoin investment, because if you don't have the knowledge about how bitcoin investment works there's no way you're going to get profited in bitcoin investment.
The advice you say is not wrong, but you also have to explain what kind of information every person who wants to become a Bitcoin investor should know when they want to invest in Bitcoin? Because I think people who want to invest in Bitcoin will definitely have found out about Bitcoin and also information about the history of Bitcoin through various sites and also through several other investors who have already invested in Bitcoin. So what every new investor needs is their mentality and courage in making an investment and knowing the right time to do it, because the only way to do it is to buy and store it in a safe place for the long term.


Title: Re: When is it right to invest in Bitcoin?
Post by: EarnOnVictor on May 15, 2024, 04:06:46 PM
-When is it the right time to invest in bitcon?
For me, every time is the right time to invest in Bitcoin depending on what the investment is meant for. If it is for trading, you can start immediately, but be sure that you are good at it. And if it is for investment, you may wait for the time that Bitcoin has retraced so well, so that you can still strike a better inexpensive asset.

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-How can one start planning?
You can plan by starting learning right away. You need to be ready both physically and mentally, and you need to save towards the plan even as you should have your budget and your management plans.

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-How do you follow up your bitcoin investment and other businesses?
Let me stick to Bitcoin investment here. If you want the best about Bitcoin investment, I advise you to have your tangible amount of money for it since the price of the coin is high already. Also, ensure that you already have your analytical means. You should be a very good speculator to know the time to invest and divest. Do not be a blind holder like many would advice you, you should always follow what your trading chart tells you, it is your best guide.

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-What are the assurance that you are ready?
Your financial capability, determination and mind state should tell you if you are ready.


Title: Re: When is it right to invest in Bitcoin?
Post by: Razmirraz on May 15, 2024, 04:23:42 PM
There's no perfect time to buy Bitcoin. The most important thing is have enough information to guide your investment. If you don't have the right guidance, mistake will definitely be inevitable.
Many jump into buying bitcoin without a clearly defined plan.
It's a good thing you are asking questions.
The most appropriate time to invest in Bitcoin is when you already have cold money that is not used for other needs and are mentally, emotionally and patiently prepared when the market experiences a correction. For beginner traders or investors, they need to study guidelines for investing in Bitcoin to avoid mistakes that result in financial risks for assets, but for investors who already know Bitcoin closely, what they need is their own readiness and financial support to carry out their plans. Bitcoin is digital gold, the more you save, the greater your potential for making large profits.


Title: Re: When is it right to invest in Bitcoin?
Post by: Nrcewker on May 15, 2024, 04:34:36 PM
-When is it the right time to invest in bitcon?
-How can one start planning?
-How do you follow up your bitcoin investment and other businesses?
-What are the assurance that you are ready?

As a long term investor my only suggestion for you is that don’t wait to buy the Bitcoins, if you have funds, then just buy the coins irrespective of the price. Bitcoins are very valuable coins. They are limited in numbers. Hence if the demand to accumulate the coin increases (which is actually happening), then in order to meet the demand the price will go up. Hence, in a long go, there is more chances that it will give you solid profit. Hence, accumulate as many coins as you can and hold it. Definitely you will make good profits.


Title: Re: When is it right to invest in Bitcoin?
Post by: Z_MBFM on May 15, 2024, 05:24:32 PM
Investing in bitcoin is not something you can just start doing, proper knowledge and planning is needed. Knowing that it is best invested as a short term for beginners like me and long term for experience investors so as to make profit. As an investor, one need to have other means of earnings in other not to stagger when unforeseen occurrences comes like in the bear market(period when bitcoin price falls). Knowing all of these, my questions are:
-When is it the right time to invest in bitcon?
The best time to invest in Bitcoin is every dumping.  Investing in Bitcoin does not require a lot of knowledge or research.  Investing in Bitcoin requires you to have patience and enough funds to invest that you don't have to use in your day-to-day operations. Because after investing in Bitcoin, you have to accept it as a long-term investment and hold it until it exceeds your target, then you will get a good quality profit.

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-How can one start planning?
I don't have any additional plans to invest in Bitcoin and I don't think I need to. I prefer to continue investing only by following the DCA method


Title: Re: When is it right to invest in Bitcoin?
Post by: tygeade on May 15, 2024, 05:48:44 PM
I know right but someone who can't find his mentor needs to do more of research than finding someone to mentor him. Why? That's because the scammers might take advantage of the situation and instead of him buying Bitcoin, he might end up buying them Bitcoin with his money. There are too many scammers nowadays and seeing a situation like this, they won't hesitate to take that moment on because that seems an opportunity for them to take.
This is quite true and trying to figure out who is who would be the toughest thing to do in the crypto world. I believe that we are going to take some time, but we will get there eventually. The best thing to handle at the moment would be making sure that we are going to end up with a mentor who is a friendly person that someone we know already knows.

Meeting some stranger is hard, but if you already know someone (personal life would be good) who shows you a mentor, then you have some proof that your friend already knows him, and made some money with him, and learned things with him, like they spent some time together. This would mean that you are going to go into something that would be less risky, still not zero, but at least less risky than some stranger online.


Title: Re: When is it right to invest in Bitcoin?
Post by: GideonGono on May 15, 2024, 08:30:20 PM
-When is it the right time to invest in bitcon?
For me, this question couldn't be answered unless the person who is asking would also tell us their plan after investment, if it is just for a short term or long term.
And if it is for long term then you are accumulating by continues investment.
For short term it would depend on the market movement or price chart.
-How can one start planning?
For me they need to know how much they could put in it, they need to plan how much of their salary or earnings would go to this investment, and that amount shouldn't affect their life or how they currently live.
-How do you follow up your bitcoin investment and other businesses?
I don't have a business so I only have my crypto investment and regular job, I keep track of my crypto investment through a portfolio on mobile app.



Title: Re: When is it right to invest in Bitcoin?
Post by: Finestream on May 15, 2024, 09:16:47 PM
This has been discussed many times before but because you are new, there is no way you would have known.
-When is it the right time to invest in bitcon?
The best time was yesterday.
If yesterday was just the best time to invest most beginners would think their is no hope or opportunity for them to invest today. The best time to invest is when you see good reasons to invest and not investing in ignorance just to make quick money. The best time to invest in bitcoin is when one realised that bitcoin is a longterm investment and understands it is also a volatile currency which people must not expect to make profit from it quick.

Yesterday were the days when we were ignorant and skeptical about bitcoin and will missed the opportunity of investing it which their is nothing that can be done about it, but we still have today and the same bitcoin people were unable to invest because of some reasons, now is still a good time to invest in bitcoin so far as one is not investing to make quick money from it .
For me, there is no particular time to best invest in bitcoin. But if you can do it today and continue to do it everyday, you end up having a satisfying earnings with bitcoin in the future. Don’t dwell in the past as a lot of people were not aware about bitcoin, or they knew it but they’re skeptical. But focus on today and in the future accumulating more bitcoin, that’s the only way so you won’t missed golden opportunities with bitcoin, and you’ll stay being profitable most of the time.


Title: Re: When is it right to invest in Bitcoin?
Post by: BITCOIN4X on May 15, 2024, 09:46:27 PM
~Snip
The most appropriate time to invest in Bitcoin is when you already have cold money that is not used for other needs and are mentally, emotionally and patiently prepared when the market experiences a correction. For beginner traders or investors, they need to study guidelines for investing in Bitcoin to avoid mistakes that result in financial risks for assets, but for investors who already know Bitcoin closely, what they need is their own readiness and financial support to carry out their plans. Bitcoin is digital gold, the more you save, the greater your potential for making large profits.
Every day is the best time to invest in bitcoin, but you still have to do analysis to find out when is the best time to buy. Investing at any price can still be done if you want to be a long-term holder, but there is no harm in maximizing your investment strategy with DCA so that your average purchase price is lower.

Investment strategies can vary, but the bottom line is that you can buy at any price every day. The problem that most investors have is a limited budget which makes their steps a little hampered when one day they experience a decline due to price volatility.


Title: Re: When is it right to invest in Bitcoin?
Post by: Mate2237 on May 15, 2024, 09:48:52 PM
This question was asked by different users and the answer are also the same. Recently bitcoin was struggling in the rate of $60k and $61k and was a good time to invest and now that the price is $65,800 the people that invested in the $60k will make their profits. And this is the short term investment plans and when the short term investment plan fall then you can extend the plan to long term investment. And now the price on the rising side. So it is not too late to invest.

Bitcoin has no specific time to invest and they think there is. And the time to invest is the time you have money. Invest at all time and make your profit whenever the price surpassed your purchase price. It is a calculative move one have to take to make profit. And always prepared your mind to invest i the dip.


Title: Re: When is it right to invest in Bitcoin?
Post by: Kristiyana on May 16, 2024, 07:45:28 AM
This question was asked by different users and the answer are also the same. Recently bitcoin was struggling in the rate of $60k and $61k and was a good time to invest and now that the price is $65,800 the people that invested in the $60k will make their profits. And this is the short term investment plans and when the short term investment plan fall then you can extend the plan to long term investment. And now the price on the rising side. So it is not too late to invest.

Bitcoin has no specific time to invest and they think there is. And the time to invest is the time you have money. Invest at all time and make your profit whenever the price surpassed your purchase price. It is a calculative move one have to take to make profit. And always prepared your mind to invest i the dip.

Actually I think bitcoin has no specific time to invest, but it depends on your personal decision most people only invest in bitcoin when the value is high why most investors always invest when the market is red. However I think the best strategy to go about this bitcoin investment is to invest in a fixed amount every month for example you invest with $10k every month even when the market shows decline, because most people always use this timing method and this made a lot of people to lose a very big opportunity, though timing the market sometimes is good that's when  you want to sell your coins maybe you can keep timing until it hits your target.


Title: Re: When is it right to invest in Bitcoin?
Post by: kotajikikox on May 16, 2024, 08:12:52 AM
The best time was yesterday.
No the best time to invest is today when you finally know about bitcoin and you have enough money to invest. Some people weren’t just ready yesterday however that should not discourage you still from investing. If you know about bitcoin today, you are capable yet you still did not do anything to invest then that is when you are making a mistake.


Title: Re: When is it right to invest in Bitcoin?
Post by: jasonjm on May 16, 2024, 08:19:33 AM

-When is it the right time to invest in bitcon?
You can invest in Bitcoin at any time. I think now is the high time to invest in BTC as the price is within the range of retail investors. The chances are that the price will skyrocket in the coming months. If you haven't invested in BTC yet, go for it.

Quote
-How can one start planning?
Do your research before jumping to any conclusion. You know your financial conditions better than anyone so make a list of your earnings and expenses and then decide the best amount to invest. 

Quote
-How do you follow up your bitcoin investment and other businesses?
Buy Bitcoin and hold it for the long term. Just forget about your investment for at least 10 years.

Quote
-What are the assurance that you are ready?
Whenever you have enough knowledge and capital.


Title: Re: When is it right to invest in Bitcoin?
Post by: Briankimp1 on May 16, 2024, 08:44:26 AM
This has been discussed many times before but because you are new, there is no way you would have known.
-When is it the right time to invest in bitcon?
The best time was yesterday.
I agree with everything you’ve said aside this my friend, I guess you’re trying to state the fact that Bitcoin can never go back to a Dollar which would have been the perfect time to start investing in Bitcoin.
Although personally through the help of this forum, I’ve come to understand that whenever you begin investing is the best time the aim is to begin and adopt productive strategies that’ll build your portfolio at a decent rate.

Due to circumstances of life most people run to Bitcoin as a get rich quick effort to support their finances which makes them make so many emotional decisions hoping Bitcoin will save them.


Title: Re: When is it right to invest in Bitcoin?
Post by: Iranus on May 16, 2024, 09:05:10 AM
Investing in bitcoin is not something you can just start doing, proper knowledge and planning is needed. Knowing that it is best invested as a short term for beginners like me and long term for experience investors so as to make profit. As an investor, one need to have other means of earnings in other not to stagger when unforeseen occurrences comes like in the bear market(period when bitcoin price falls). Knowing all of these, my questions are:
-When is it the right time to invest in bitcon?
The best time to invest in Bitcoin is every dumping.  Investing in Bitcoin does not require a lot of knowledge or research.  Investing in Bitcoin requires you to have patience and enough funds to invest that you don't have to use in your day-to-day operations. Because after investing in Bitcoin, you have to accept it as a long-term investment and hold it until it exceeds your target, then you will get a good quality profit.

But when bitcoin corrects or is dumped and we don't have the money to buy, is this the best time to buy? In my opinion, the best time to buy bitcoin is when you are willing to take the risk, you have the money then that is the best time for you to buy bitcoin.

In addition, we need to have at least basic knowledge about it before investing because we will not be able to hold bitcoin for long, you will not be able to hold it until it is profitable without knowledge. Holding bitcoins until you make profits or achieve your goals is not easy and to do so requires knowledge, no one can hold it without knowledge.
Quote
-How can one start planning?
I don't have any additional plans to invest in Bitcoin and I don't think I need to. I prefer to continue investing only by following the DCA method

Likewise, to have faith in bitcoin, we need to have knowledge about it. Without knowledge, how can you confidently buy bitcoin (DCA) daily and monthly?


Title: Re: When is it right to invest in Bitcoin?
Post by: bitzizzix on May 16, 2024, 09:19:58 AM
There is always the question of when is the right time to buy Bitcoin.
And it is best to study and understand Bitcoin well first, see its footprint and also see your ability to buy Bitcoin. And with all that, you can judge when is the right time to buy Bitcoin, because in my opinion the best choice is to buy Bitcoin when you have funds within your means and whatever the amount is using money that you can afford to lose.
And every person or investor has a different strategy by buying DCA, buying dips and so on, but if the goal is for the long term everything will be fine because the long term is the best choice to generate profits in the future.


Title: Re: When is it right to invest in Bitcoin?
Post by: Felicity_Tide on May 16, 2024, 09:34:57 AM
There is always the question of when is the right time to buy Bitcoin.
And it is best to study and understand Bitcoin well first, see its footprint and also see your ability to buy Bitcoin. And with all that, you can judge when is the right time to buy Bitcoin, because in my opinion the best choice is to buy Bitcoin when you have funds within your means and whatever the amount is using money that you can afford to lose.
And every person or investor has a different strategy by buying DCA, buying dips and so on, but if the goal is for the long term everything will be fine because the long term is the best choice to generate profits in the future.

I just picked out something of a great Importance from your statement. The idea of studying Bitcoin properly and also observing it's footprint, gives a proper understand of dip and price hike. When the knowledge of price fluctuation is there, it would be easy for someone to capitalize on any form of dip as long as the dip is below the current average price.

As long as Bitcoin is concerned, the importance of understanding Bitcoin (necessary knowledge) should not be omitted. And also, DCA method is also a good idea especially when the investor has a consistent flow of income. If I were to be the investor, I would choose the DCA method when there is a consistent flow of income, or capitalize on dip when I actually save up for it. Just as you've said, the DCA method is suitable for a long term investment and I would take that.


Title: Re: When is it right to invest in Bitcoin?
Post by: AprilioMP on May 16, 2024, 09:42:53 AM
-When is it the right time to invest in bitcon?
-How can one start planning?
-How do you follow up your bitcoin investment and other businesses?
-What are the assurance that you are ready?

Before continuing with investment actions in Bitcoin, knowing more details about the storage wallet must be a priority. The Bitcoin wallet is the most sacred place in investing in Bitcoin because assets can be lost if you ignore knowledge about the wallet.
When knowledge about storage wallets is well and correctly understood, then learning to know about Bitcoin investment and all these questions can be done over time as long as you have the time to do it.

Generally, the answer we often hear is buy when prices are low and sell when prices are high.
For me, long-term Bitcoin investment can be recommended. Investments in Bitcoin can be done regularly using the DCA method.


Title: Re: When is it right to invest in Bitcoin?
Post by: Dr.Osh on May 16, 2024, 10:31:59 AM
There is always the question of when is the right time to buy Bitcoin.
And it is best to study and understand Bitcoin well first, see its footprint and also see your ability to buy Bitcoin. And with all that, you can judge when is the right time to buy Bitcoin, because in my opinion the best choice is to buy Bitcoin when you have funds within your means and whatever the amount is using money that you can afford to lose.
And every person or investor has a different strategy by buying DCA, buying dips and so on, but if the goal is for the long term everything will be fine because the long term is the best choice to generate profits in the future.
yes, the best time is when the capital we have is ready to buy bitcoin, and at that time it is the right time. The DCA method is usually the right thing when someone intends to buy bitcoin. This is because, when someone thinks too long, they will become doubtful, and sometimes cancel their intention to invest. So, when your intention is there, and your capital is there, then starting to buy at that time is the right time.


Title: Re: When is it right to invest in Bitcoin?
Post by: Victorik on May 16, 2024, 05:22:40 PM
There's no perfect time to buy Bitcoin. The most important thing is have enough information to guide your investment. If you don't have the right guidance, mistake will definitely be inevitable.
Many jump into buying bitcoin without a clearly defined plan.
It's a good thing you are asking questions.
The most appropriate time to invest in Bitcoin is when you already have cold money that is not used for other needs and are mentally, emotionally and patiently prepared when the market experiences a correction. For beginner traders or investors, they need to study guidelines for investing in Bitcoin to avoid mistakes that result in financial risks for assets, but for investors who already know Bitcoin closely, what they need is their own readiness and financial support to carry out their plans. Bitcoin is digital gold, the more you save, the greater your potential for making large profits.


Definitely, investment must be made with spare cash otherwise you will run into problem.
Every form of investment have their secrets and it is imperative as an investor to know these secrets. For Bitcoin, for instance an investor needs to understand that the price doesn't remain up, there are times when the price will dip, sand if you are not mentally prepared, you might end up selling off in panic.


Title: Re: When is it right to invest in Bitcoin?
Post by: kotajikikox on May 17, 2024, 02:39:37 PM
Definitely, investment must be made with spare cash otherwise you will run into problem.

Better yet, you can set aside a percent of your money just for investment solely. Earn and really try to work towards your goal instead of only investing the bare minimum. If you can go buy more then why not?

Don’t just put scraps or leftovers towards bitcoin as it deserves more than that. It is a valuable asset that could potentially make you a millionaire


Title: Re: When is it right to invest in Bitcoin?
Post by: moneystery on May 17, 2024, 02:45:07 PM
people think it's too complicated when they want to invest in bitcoin, but what they need to know is that they need to understand the risks of investing in bitcoin and learn how to invest correctly. and after that they can invest straight away, there is no need to think too deeply about risk management, when is the right investment time, strategy, etc., because as a beginner that is not necessary, especially when what you are investing is only 100 or 200 usd. just learn to hold a little bitcoin, and while investing you can learn the things you need to learn.


Title: Re: When is it right to invest in Bitcoin?
Post by: Lantind on May 17, 2024, 04:41:46 PM
people think it's too complicated when they want to invest in bitcoin, but what they need to know is that they need to understand the risks of investing in bitcoin and learn how to invest correctly. and after that they can invest straight away, there is no need to think too deeply about risk management, when is the right investment time, strategy, etc., because as a beginner that is not necessary, especially when what you are investing is only 100 or 200 usd. just learn to hold a little bitcoin, and while investing you can learn the things you need to learn.
Understanding the risks before deciding to invest is of course very important so that we don't make the wrong decision on the investment we are going to make because without understanding at all the risks of the investment we are going to make, there is a big possibility that we will make a mistake that will result in us experiencing a loss on the investment. , for those who are new to Bitcoin and trying to invest, of course they must first understand how to buy it and be able to survive in the long term and if they can do it consistently, of course they will be able to get a profit from the investment they make.


Title: Re: When is it right to invest in Bitcoin?
Post by: GbitG on May 17, 2024, 08:08:03 PM
people think it's too complicated when they want to invest in bitcoin, but what they need to know is that they need to understand the risks of investing in bitcoin and learn how to invest correctly. and after that they can invest straight away, there is no need to think too deeply about risk management, when is the right investment time, strategy, etc., because as a beginner that is not necessary, especially when what you are investing is only 100 or 200 usd. just learn to hold a little bitcoin, and while investing you can learn the things you need to learn.
Investing first and learning later isn't the right approach. Even though it's a known fact that Bitcoin is the best cryptocurrency ever created and it has been one of the best investment assets in the world for the last few years based on its growth potential, it is still important for a person to make sure they do some research about it so that they know it more clearly and closely before they invest their money in it.

If a person buys Bitcoin with all their capital at once and then start researching only to find out that there is a method called DCA where one would buy only with a portion of their capital at one price point so that they can get to buy more if the price drops. What's the point? It could make sense if they had done research before so that they could know this before making their investment.


Title: Re: When is it right to invest in Bitcoin?
Post by: hZti on May 17, 2024, 08:13:22 PM
people think it's too complicated when they want to invest in bitcoin,

Well to store bitcoin the right way and learn everything that you should learn before purchasing the first time is quiete complicated to be honest.


Title: Re: When is it right to invest in Bitcoin?
Post by: Distinctin on May 17, 2024, 08:17:58 PM
There is always the question of when is the right time to buy Bitcoin.
And it is best to study and understand Bitcoin well first, see its footprint and also see your ability to buy Bitcoin. And with all that, you can judge when is the right time to buy Bitcoin, because in my opinion the best choice is to buy Bitcoin when you have funds within your means and whatever the amount is using money that you can afford to lose.
And every person or investor has a different strategy by buying DCA, buying dips and so on, but if the goal is for the long term everything will be fine because the long term is the best choice to generate profits in the future.
Know and understand well what is bitcoin and how you’ll make it work as an investment. Increase your knowledge and learn from the experience of early investors, with that, you can evaluate yourself if you are also capable to invest and make significant profits. Don’t be blinded by immediate profits, but focus first on how you will turn the risk into profits. If you can do that, most probably you can say to yourself that you are ready enough to invest in bitcoin provided you also have sufficient amount willing to lose.


Title: Re: When is it right to invest in Bitcoin?
Post by: blckhawk on May 17, 2024, 08:48:51 PM
When you've got the disposable income to do so, that's the right time to buy bitcoin. No matter what the price may be, if you've got your long-term investment in mind, I think that you'd be surprised at how easy it is to just invest and not worry about what is the current price of bitcoin, you would be doing fine with it no matter because even if you've invested at a peak price and then the price goes down so low, with a long-term mindset, you wouldn't be worried about it instead you would be buying yourself more bitcoin since the prices are much lower and you will get more value with your money with a consistent investment.


Title: Re: When is it right to invest in Bitcoin?
Post by: Viscore on May 17, 2024, 09:47:50 PM
-When is it the right time to invest in bitcon?
-How can one start planning?
-How do you follow up your bitcoin investment and other businesses?
-What are the assurance that you are ready?

Before continuing with investment actions in Bitcoin, knowing more details about the storage wallet must be a priority. The Bitcoin wallet is the most sacred place in investing in Bitcoin because assets can be lost if you ignore knowledge about the wallet.
When knowledge about storage wallets is well and correctly understood, then learning to know about Bitcoin investment and all these questions can be done over time as long as you have the time to do it.

Generally, the answer we often hear is buy when prices are low and sell when prices are high.
For me, long-term Bitcoin investment can be recommended. Investments in Bitcoin can be done regularly using the DCA method.
For me, everyday is a good buy with bitcoin, knowing your goal is to invest for long term. Don’t complicate things, just focus on your goal. Don’t be too much obsessed with price dips and correction, even if you missed them, what’s more important is that you never fail to invest and follow it with DCA. They say price dips and  price corrections are the best opportunities to invest in bitcoin, but in reality, bitcoin’s opportunities are limitless, so feel free to invest regardless of the price, but be mindful when to sell your coins so you can make it massive with bitcoin.


Title: Re: When is it right to invest in Bitcoin?
Post by: Yatsan on May 17, 2024, 11:11:50 PM
Ask yourself when are you gonna be ready.
People be thinking what price point will they be maaking an entry and once it's around the corner they'd make another target and will be missing it all eventually. The price pattern or behavior of Bitcoin is simple; it will either go up or down. There's no perpeft price entry, just right time to be prepared of any price behavior. Investing at $60k market value is the same as with $20k but profit vaties of course, just the idea. If you truly believe that ots market value will reach $100k then any price entry below this, will be a good call. Waiting for a dip would be best of course however the market is unpredictable and it may skyrocket at anytime; be sure to be prepared of this.
When you've got the disposable income to do so, that's the right time to buy bitcoin. No matter what the price may be, if you've got your long-term investment in mind, I think that you'd be surprised at how easy it is to just invest and not worry about what is the current price of bitcoin, you would be doing fine with it no matter because even if you've invested at a peak price and then the price goes down so low, with a long-term mindset, you wouldn't be worried about it instead you would be buying yourself more bitcoin since the prices are much lower and you will get more value with your money with a consistent investment.
Financial capacity indeed is a factor. It is also easy to make plans and such but if your risk appetite and financial  capability won't be meeting it, then nothing wil happen. This investment does not require any amount to start with, just an amount you'd be fine staying on your crypto wallet and without any plans to pull it out unless you're satisfied already.


Title: Re: When is it right to invest in Bitcoin?
Post by: cryptoWODL on May 18, 2024, 12:23:13 AM
-When is it the right time to invest in bitcon?
-How can one start planning?
What is bitcoin and how to invest in bitcoin before you gain knowledge about the process and make yourself experienced about it. Many people may think that investing in Bitcoin is too complicated, they need to understand the risks of investing in Bitcoin or how to properly invest. I don't have a specific time limit to invest in Bitcoin because I invest in Bitcoin whenever I get the chance. But when the price of Bitcoin is dumping, every dumping creates more opportunities to invest in Bitcoin.

To invest in Bitcoin we need to plan properly in advance and we need to have cash capital. If you prepare yourself to invest in bitcoins, you can buy more bitcoins at once if you have a large amount of money. Again, if you don't have a lot of money at once, if you have a source of income, you will be able to continue investing your bitcoins on a regular dollar cost averaging basis with the money earned from that. If you expect more profit in the short term by investing in Dollar Cost Averaging method then it is wrong because investing in this method requires you to have patience for long term.


Title: Re: When is it right to invest in Bitcoin?
Post by: Xampeuu on May 18, 2024, 03:36:09 AM
-When is it the right time to invest in bitcon?
-How can one start planning?
What is bitcoin and how to invest in bitcoin before you gain knowledge about the process and make yourself experienced about it. Many people may think that investing in Bitcoin is too complicated, they need to understand the risks of investing in Bitcoin or how to properly invest. I don't have a specific time limit to invest in Bitcoin because I invest in Bitcoin whenever I get the chance. But when the price of Bitcoin is dumping, every dumping creates more opportunities to invest in Bitcoin.

To invest in Bitcoin we need to plan properly in advance and we need to have cash capital. If you prepare yourself to invest in bitcoins, you can buy more bitcoins at once if you have a large amount of money. Again, if you don't have a lot of money at once, if you have a source of income, you will be able to continue investing your bitcoins on a regular dollar cost averaging basis with the money earned from that. If you expect more profit in the short term by investing in Dollar Cost Averaging method then it is wrong because investing in this method requires you to have patience for long term.
The main step in investing in Bitcoin is that we must have good knowledge about Bitcoin, because there are many examples where people are disappointed after investing because of their lack of knowledge about Bitcoin. once we know the risks and rewards of investing in bitcoin, then we can plan the purchase, because of course there will be a good area to make a purchase, so that we get more bitcoin, and of course patience is the main key to success, considering the bitcoin market very volatile


Title: Re: When is it right to invest in Bitcoin?
Post by: enywu on May 18, 2024, 07:21:11 AM
always the right time


Title: Re: When is it right to invest in Bitcoin?
Post by: Mrbluntzy on May 18, 2024, 12:24:38 PM
Investing in bitcoin is not something you can just start doing, proper knowledge and planning is needed. Knowing that it is best invested as a short term for beginners like me and long term for experience investors so as to make profit. As an investor, one need to have other means of earnings in other not to stagger when unforeseen occurrences comes like in the bear market(period when bitcoin price falls). Knowing all of these, my questions are:
-When is it the right time to invest in bitcon?
-How can one start planning?
-How do you follow up your bitcoin investment and other businesses?
-What are the assurance that you are ready?


It is left for you to know when is right and comfortable for you to invest in Bitcoin. Because of the difference in our responsibilities, we can never have the same comfortable time to invest in Bitcoin. Invest when you don't have some money to save and you have determined to save that money for a long time. Also, invest when you have another river to fetch income, if you have another place to get income you will hold your Bitcoin for a long time.

Start planning when you start earning consistently.

You don't have follow up your Bitcoin invest because it doesn't cost you any stress like other business. What you only owe to your Bitcoin is a provide tight security so that you will not lose it.

When you are ready, you will know.


Title: Re: When is it right to invest in Bitcoin?
Post by: synchronym on May 18, 2024, 12:31:07 PM
Those who want to invest in Bitcoin must always have a long-term investment plan in Bitcoin before investing because if you are too hasty to invest then you will not be able to make much profit from that investment. Investors who are new to Bitcoin may think that investing in Bitcoin will make them an overnight millionaire. It will be your wrong decision if you have invested in the addiction of becoming an overnight millionaire. Of course you will get high profit from Bitcoin but you have to wait for it and you have to have a long term plan for it. Investing in Bitcoin We have to be patient if we can patiently check the market and invest with a long term plan then surely we can be one of those who earn money through Bitcoin in the future. We have to wait for Bitcoin to change people's fortunes through investment, we can't rush it, if we can invest without haste, our fortunes will definitely change.


Title: Re: When is it right to invest in Bitcoin?
Post by: Lucas* on May 18, 2024, 12:41:40 PM
Actually there's no exact time to buy bitcoin well it always depend with some variable that can affect the price like halving or rumours of new collaboration with american banks or somethings like this . Also wars and Tensions in the Middle East Can affect positivly the price . Always buy the dip


Title: Re: When is it right to invest in Bitcoin?
Post by: Srubek on May 18, 2024, 01:43:40 PM
I'd say there is no "best time" to buy Bitcoin. Buy whenever there is a dip and learn yourself to sit on it.  ;D I run the same tactics in stock market and it should pay off.  :)


Title: Re: When is it right to invest in Bitcoin?
Post by: Kristiyana on May 18, 2024, 01:43:56 PM
Actually there's no exact time to buy bitcoin well it always depend with some variable that can affect the price like halving or rumours of new collaboration with american banks or somethings like this . Also wars and Tensions in the Middle East Can affect positivly the price . Always buy the dip

I totally agree with you there's no exact time to buy bitcoin, talking about variable I think that is the main reason why most people think that there's always a specific time to buy bitcoin.  as long as crypto market is concerned  there's no stability in the price of bitcoin, sometimes it might be due to halving unlike as you said earlier. However I think there's no specific time to buy bitcoin, except you don't have capital to invest, but if you have enough capital you can invest in your convenience time.


Title: Re: When is it right to invest in Bitcoin?
Post by: aylabadia05 on May 18, 2024, 02:19:12 PM
-When is it the right time to invest in bitcon?
Yesterday and today are the best times to invest in Bitcoin if you haven't already.

-How can one start planning?
Prepare a cold wallet and make investments using the DCA method.

-How do you follow up your bitcoin investment and other businesses?
Distribution of the amount of money that will be allocated to Bitcoin and other businesses.

-What are the assurance that you are ready?
The money allocated for Bitcoin investment will not interfere with other needs because Bitcoin investment is done with full awareness. That's a guarantee of readiness.


Title: Re: When is it right to invest in Bitcoin?
Post by: Woodie on May 18, 2024, 02:46:29 PM
The opportunity to buy super cheap coins is long gone and we are never going back in time!!!

But that doesn't mean we can not invest in Bitcoin today, because as far as I know, we don't have the right or wrong time to invest in crypto...if resources allow you to invest today go ahead and buy some BTC, if resources to invest will be available 6months from now that can also work..the only important thing is the first step of jumping on the Bitcoin boat is done and the rest is history.

Btw, at this point we should be talking about buying strategies as this topic of when is the right time has been discussed several times and we must on the topic of diversifying our portfolios and the alike...


Title: Re: When is it right to invest in Bitcoin?
Post by: Hoximen7 on May 18, 2024, 03:43:59 PM
Invest as soon as possible if you have extra income. Don't wait until you start, if you can start now, why not. Use cold money if you want to invest in bitcoin, if you think the additional income is sufficient use the DCA method I think it will be very helpful, buy weekly or monthly set aside your money, slowly but surely don't be too pushy because it will be very risky. because investing in bitcoin is a long-term investment,


Title: Re: When is it right to invest in Bitcoin?
Post by: AnonBitCoiner on May 18, 2024, 06:16:28 PM
yes, the best time is when the capital we have is ready to buy bitcoin, and at that time it is the right time. The DCA method is usually the right thing when someone intends to buy bitcoin. This is because, when someone thinks too long, they will become doubtful, and sometimes cancel their intention to invest. So, when your intention is there, and your capital is there, then starting to buy at that time is the right time.

Exactly if a person has money and also wants to put it into Bitcoin then he should not think deeply because in such situations he always tries to wait to see more reduction in price and when the price surges a little bit then he cancels the idea of investing in Bitcoin. I think if one wants to buy Bitcoin then he should not be so doubtful that he cannot realise the better time to invest.

We have to invest by accepting the current price without waiting for further decrease because with such hope we never become able to invest in Bitcoin and when price goes higher then we regret our past ignorance.


Title: Re: When is it right to invest in Bitcoin?
Post by: salad daging on May 18, 2024, 06:28:10 PM
-When is it the right time to invest in bitcon?
When you are financially stable then you can start investing the DCA way and it will be a long-term accumulation - that's what I've been doing until now.

-How can one start planning?
Yes you have to have a good plan but for me starting first is better.

-How do you follow up your bitcoin investment and other businesses?
It will be separate, investing will continue and I will not leave the other business because it is a source of income that must be increased because with business we can get better profits.

-What are the assurance that you are ready?
Be emotionally ready, be patient, don't panic and keep it up, most importantly guarantee you have an emergency fund.


Title: Re: When is it right to invest in Bitcoin?
Post by: Essential10 on May 18, 2024, 07:11:04 PM
Invest as soon as possible if you have extra income. Don't wait until you start, if you can start now, why not. Use cold money if you want to invest in bitcoin, if you think the additional income is sufficient use the DCA method I think it will be very helpful, buy weekly or monthly set aside your money, slowly but surely don't be too pushy because it will be very risky. because investing in bitcoin is a long-term investment,
You are not pressured to invest in Bitcoin you can start smoothly. You must acquire proper knowledge about the Bitcoin market in order to invest in different ways. After making a bitcoin investment, when you see that the bitcoin is going down, you must boldly hold your bitcoin investment. The right time to invest in Bitcoin will be when you master the investment methods like you said DCA method, then you don't need to be told to invest in Bitcoin now, you can decide for yourself when to do it. One thing to keep in mind at all times is to hold onto your bitcoins until you reach the target.


Title: Re: When is it right to invest in Bitcoin?
Post by: GbitG on May 18, 2024, 07:17:12 PM
I totally agree with you there's no exact time to buy bitcoin, talking about variable I think that is the main reason why most people think that there's always a specific time to buy bitcoin.  as long as crypto market is concerned  there's no stability in the price of bitcoin, sometimes it might be due to halving unlike as you said earlier. However I think there's no specific time to buy bitcoin, except you don't have capital to invest, but if you have enough capital you can invest in your convenience time.
hmm right!
There might not be a specific time since no one can perfectly time the market so there is no point in waiting, but there are specific methods for specific times when you wish to invest. Let's take the current price as an example, now if someone wants to buy Bitcoin when the price of Bitcoin is above $66k which is a very high price, they would think that maybe they should wait for the price to drop before they buy because it is currently too high.

They don't need to wait, all they need is to apply a method, and we use the DCA method in such situation. The DCA method is used to buy an asset with a portion of your capital at a certain price point and keep the remaining capital with you, when the price drops in the future, you can use the remaining funds to buy again, and you keep doing that until you have nothing left or you think it has reached the bottom.


Title: Re: When is it right to invest in Bitcoin?
Post by: Bravut on May 18, 2024, 08:00:51 PM
I totally agree with you there's no exact time to buy bitcoin, talking about variable I think that is the main reason why most people think that there's always a specific time to buy bitcoin.  as long as crypto market is concerned  there's no stability in the price of bitcoin, sometimes it might be due to halving unlike as you said earlier. However I think there's no specific time to buy bitcoin, except you don't have capital to invest, but if you have enough capital you can invest in your convenience time.
hmm right!
There might not be a specific time since no one can perfectly time the market so there is no point in waiting, but there are specific methods for specific times when you wish to invest. Let's take the current price as an example, now if someone wants to buy Bitcoin when the price of Bitcoin is above $66k which is a very high price, they would think that maybe they should wait for the price to drop before they buy because it is currently too high.

They don't need to wait, all they need is to apply a method, and we use the DCA method in such situation. The DCA method is used to buy an asset with a portion of your capital at a certain price point and keep the remaining capital with you, when the price drops in the future, you can use the remaining funds to buy again, and you keep doing that until you have nothing left or you think it has reached the bottom.


This is not really DCAing method works, you're a confuse.
DCA is simply utilizing a specific amount which to invest consistently either weekly, quarterly, monthly that won't exhaust you after set aside your expenses, discretionary funds and also emergency funds as you invest to avoid tappering or tempted with the invested amount.
This simply allow us continually invest in the market irrespective of the market situation at any moment.  From your explanation anyone would get exhausted, which capital seriously, how about our daily expenses to be met up. It doesn't meet the criteria before indulging in it, more or less investing without plan.


Title: Re: When is it right to invest in Bitcoin?
Post by: Tony116 on May 18, 2024, 08:04:40 PM
In fact, if you are looking for the right time to invest in Bitcoin, you will never find the right time. I always say the best way to invest in Bitcoin is to invest the amount you can afford to lose. Never invest beyond your means.

Do not invest by borrowing money from anyone. Save some money from your income every month to invest in Bitcoin. If you invest little by little, it will eventually add up to a lot.

You may borrow and invest huge amounts but you will lose peace of mind. And if you can afford to invest huge amounts, I suggest you buy Bitcoin at the spot price store theme in a safe place and forget you ever bought Bitcoin for a few years ;).


Title: Re: When is it right to invest in Bitcoin?
Post by: Onyeeze on May 18, 2024, 08:08:55 PM
For me I don't think that we have any time that is special for me to invest in Bitcoin investing in Bitcoin is based on when you have the money to buy as many as you want so that is why I don't like to advise people when they will purchase Bitcoin because you can purchase bitcoin now and the price fall and when the price Fall you lose from your investment so therefore there is no particular time that is perfect time for someone to invest in Bitcoin except that you want to invest when the price of Bitcoin is low so if you don't want to investment the price of Bitcoin is low it is your own concern


Title: Re: When is it right to invest in Bitcoin?
Post by: Raflesia on May 18, 2024, 09:40:17 PM
-When is it the right time to invest in bitcon?
When you are ready to be in bitcoin in the sense that for this to start from finance, your financial planning and management goes well in order to make ready wholeheartedly and believe that bitcoin is indeed worthy of investment. Because however for bitcoin this is not an imposition and we also don't need to force ourselves when we still don't have more money to be in bitcoin because in the end we also have to pay attention to our condition first before actually being in bitcoin.
For the time problem it is you who determines in the end but when it asks about when by referring to the price then indeed I will say wherever the price of bitcoin is still worth it so that the reason is too expensive sometimes becomes a bit classic and tends to be ridiculous because it only covers ourselves who are still not ready to be in bitcoin.

Quote
-What are the assurance that you are ready?

There are no guarantees but when we already feel confident and ready to face all risks including the worst possibilities then it is a sign that we are really serious about this and things like that can only be proven through time because in the end it is time that answers whether we are ready or not because the volatile movement of bitcoin will cause an uncertain market condition and that is where your readiness will be tested.


Title: Re: When is it right to invest in Bitcoin?
Post by: AVE5 on May 18, 2024, 09:43:57 PM
Investing in bitcoin is not something you can just start doing, proper knowledge and planning is needed. Knowing that it is best invested as a short term for beginners like me and long term for experience investors so as to make profit. As an investor, one need to have other means of earnings in other not to stagger when unforeseen occurrences comes like in the bear market(period when bitcoin price falls). Knowing all of these, my questions are:
-When is it the right time to invest in bitcon?
-How can one start planning?
-How do you follow up your bitcoin investment and other businesses?
-What are the assurance that you are ready?

Bitcoin investment indeed requires investors to have knowledges about it. Although mustn't be knowledges about the technical factors but the primary knowledges such as understanding that
1) it's not a get quick rich.
2) Awareness that it's a volatile digital currency which the price would fluctuate.
3) Investors requires other source of income.
4) Staying aware that bitcoin Investors emotional sentiments with the market condition doesn't affect the market price instead it drains your Investors vibes and energies.
5) Setting up a investment goal and be determined by it so that you can prosperously stay let your asset grow to meet that goal.
6) Most ultimate is being aware that you as a bitcoin Investor is holding treasures that could attract local and international scammers and thefts to do aware with your funds. So you should be concious with your crypto wallet details in order to stay safe.

While I agree with you that it's necessary to be knowledgeable about bitcoin before Investing, so that you don't have to regret it on the run due to the fact that the market price may not always go according to your wills, I'll disagree with you for saying short term investment is for the beginners while long term investments is for the experienced.
If you'd ask me, I'll even tell you that it's best that experienced investors are best good for short term goal because they must have figured the volatility of the marketing system to approach to the prediction of the market price.
While the beginners have to stay trustful and unpanicks and just keep hodling to use the opportunity and to understand the market and alongside, you'd be potential t see your assets growing.

So in all, long term holding is the best for both either beginners and experienced investors

Bitcoin is a volatile digital financial technology which it's market price is unpredictable although its volatile potential is optimizing to increase in time to keep greater values of its ATHs. So for that, it's minded to investing on bitcoin doesn't have a specific period


Title: Re: When is it right to invest in Bitcoin?
Post by: boty on May 19, 2024, 05:30:20 AM
For me I don't think that we have any time that is special for me to invest in Bitcoin investing in Bitcoin is based on when you have the money to buy as many as you want so that is why I don't like to advise people when they will purchase Bitcoin because you can purchase bitcoin now and the price fall and when the price Fall you lose from your investment so therefore there is no particular time that is perfect time for someone to invest in Bitcoin except that you want to invest when the price of Bitcoin is low so if you don't want to investment the price of Bitcoin is low it is your own concern
What you say is very true, the right time to invest is when we have funds that we can afford to invest and that we can save for a long period of time so that we get good results from the investment we make and it would be better if we didn't do it. recommend others to invest. at certain times so as not to blame us when they make a purchase and the price drops again. Of course there are some people who experience panic, but we have to let someone buy according to their wishes and we don't need to force them to invest.


Title: Re: When is it right to invest in Bitcoin?
Post by: Blitzboy on May 19, 2024, 12:44:16 PM
I totally agree with you there's no exact time to buy bitcoin, talking about variable I think that is the main reason why most people think that there's always a specific time to buy bitcoin.  as long as crypto market is concerned  there's no stability in the price of bitcoin, sometimes it might be due to halving unlike as you said earlier. However I think there's no specific time to buy bitcoin, except you don't have capital to invest, but if you have enough capital you can invest in your convenience time.
hmm right!
There might not be a specific time since no one can perfectly time the market so there is no point in waiting, but there are specific methods for specific times when you wish to invest. Let's take the current price as an example, now if someone wants to buy Bitcoin when the price of Bitcoin is above $66k which is a very high price, they would think that maybe they should wait for the price to drop before they buy because it is currently too high.

They don't need to wait, all they need is to apply a method, and we use the DCA method in such situation. The DCA method is used to buy an asset with a portion of your capital at a certain price point and keep the remaining capital with you, when the price drops in the future, you can use the remaining funds to buy again, and you keep doing that until you have nothing left or you think it has reached the bottom.
Time IN the market is what counts, not timing the market. I've always said the best deals are made by those who understand the game, not those who watch the clock. DCA, that was a wise decision. You play the long game, taking measured decisions over time, not trying to guess every move. While I understand that when Bitcoin reaches $66,000, some people become anxious, that is a floor rather than a ceiling. It portends of things to come. Standing by for a downturn could mean passing up the larger picture. When is the best to buy Bitcoin? That is when you see it is a revolution rather than only money. That's not when you're winging it; that's when you've done your homework.


Title: Re: When is it right to invest in Bitcoin?
Post by: Negotiation on May 19, 2024, 12:44:29 PM
Actually there's no exact time to buy bitcoin well it always depend with some variable that can affect the price like halving or rumours of new collaboration with american banks or somethings like this . Also wars and Tensions in the Middle East Can affect positivly the price . Always buy the dip
Investing in bitcoin or cryptocurrency is entirely up to the investor. Investing is by no means an easy matter. If you want to invest you have to have a clear idea about several things. The crypto market moves on a bullish basis so investors tend to hold on to price falls. Bitcoin's price is down a lot from the past and will go higher later this year so this may be the right time to invest.


Title: Re: When is it right to invest in Bitcoin?
Post by: GIF-JOBS on May 19, 2024, 03:39:13 PM
We can invest in Bitcoin anytime. Personally I think a part of any amount of our income should be invested regularly, I think most investors tend to invest this way. We must hold on for a long time. We will invest a portion of any amount of our income regularly and hold it for a long time. Should hold till we get 3X/4X return from there.


Title: Re: When is it right to invest in Bitcoin?
Post by: GbitG on May 19, 2024, 04:51:01 PM
This is not really DCAing method works, you're a confuse.
DCA is simply utilizing a specific amount which to invest consistently either weekly, quarterly, monthly that won't exhaust you after set aside your expenses, discretionary funds and also emergency funds as you invest to avoid tappering or tempted with the invested amount.
This simply allow us continually invest in the market irrespective of the market situation at any moment.  From your explanation anyone would get exhausted, which capital seriously, how about our daily expenses to be met up. It doesn't meet the criteria before indulging in it, more or less investing without plan.
That's exactly what I said but just in a different way. I know that normally when people buy a specific asset after a specific time interval regardless of its price is what is called doing DCA, but that doesn't mean that a person needs to specifically wait for that interval to make another purchase.

If you have a budget in your hands, you buy Bitcoin at $65k with 10% of that budget, and Bitcoin drops to $60k tomorrow which is always possible, you can go ahead and buy Bitcoin at $60k with 10% of your remaining funds, and continue doing that for whatever price you deem fit for your investment plan until you have invested all your money or you think that you should stop buying as the price might start going up from there.


Title: Re: When is it right to invest in Bitcoin?
Post by: Zanab247 on May 20, 2024, 05:13:39 PM
Quote from: Tony116
In fact, if you are looking for the right time to invest in Bitcoin, you will never find the right time. I always say the best way to invest in Bitcoin is to invest the amount you can afford to lose. Never invest beyond your means.
But if you have the money with you, you can buy BTC at anytime from the market, but if you want your profit to come big, try to use bear run to buy BTC from the market and hodl for long years before you can market to accumulate profits.

Never you invest all your money in BTC which is not advisable, because it will be difficult for you to endure during the bear run and there are some bear run that use to take one or two years before bull run will occur, and if you don't have other sources of income, it can cause you to sell in a lower price.

Quote
Do not invest by borrowing money from anyone. Save some money from your income every month to invest in Bitcoin. If you invest little by little, it will eventually add up to a lot.
If you want to enjoy the benefits of BTC investment, never you think of borrowing money from bank or people around you to invest in BTC because it will not allow you to endure like 3 or 4 years before you can sell, because the person that borrowed you the money will like to use the money to do other things which he or she will not allow long years.


Title: Re: When is it right to invest in Bitcoin?
Post by: bSpend on May 20, 2024, 06:03:43 PM
my questions are:
-When is it the right time to invest in bitcon?
-How can one start planning?
-How do you follow up your bitcoin investment and other businesses?
-What are the assurance that you are ready?

I think the only important question on your list of questions is how to know the right time to invest in bitcoin, the rest of other questions are completely unnecessary - sorry to say.

And in terms of knowing the right time to invest in bitcoin, I will say the same thing I've always said when I come across questions like this, and that is that, there is no right or wrong time to invest in bitcoin as long as we are already here today looking forward to tomorrow., the only right time I can say - to invest in bitcoin was yesterday, but since yesterday is past and no way to go back into it, another right time is today and now, and this is because, in terms of price, the market movement is unpredictable, you might want to for price to drop but instead, it end up going up.

So for me, I think the best time to invest in bitcoin in exactly the time you have your funds ready, and have made up your mind in invest that funds in bitcoin, you may decide to use DCA or any other strategy, but what is most important is that, you have taken the decision and are already investing.


Title: Re: When is it right to invest in Bitcoin?
Post by: Bravut on May 20, 2024, 06:33:20 PM
This is not really DCAing method works, you're a confuse.
DCA is simply utilizing a specific amount which to invest consistently either weekly, quarterly, monthly that won't exhaust you after set aside your expenses, discretionary funds and also emergency funds as you invest to avoid tappering or tempted with the invested amount.
This simply allow us continually invest in the market irrespective of the market situation at any moment.  From your explanation anyone would get exhausted, which capital seriously, how about our daily expenses to be met up. It doesn't meet the criteria before indulging in it, more or less investing without plan.
That's exactly what I said but just in a different way. I know that normally when people buy a specific asset after a specific time interval regardless of its price is what is called doing DCA, but that doesn't mean that a person needs to specifically wait for that interval to make another purchase.

If you have a budget in your hands, you buy Bitcoin at $65k with 10% of that budget, and Bitcoin drops to $60k tomorrow which is always possible, you can go ahead and buy Bitcoin at $60k with 10% of your remaining funds, and continue doing that for whatever price you deem fit for your investment plan until you have invested all your money or you think that you should stop buying as the price might start going up from there.

Nice, it based on the investment plan of any individual and how far he/she want to go with a target that gears them wether to be aggressive or conservative in there accumulation journey. As you said,I don't support the idea of anyone to stop buying Bitcoin wether the price pumps or dumps, I think it should be a long run (probably lifetime), journey to keep accumulating (reinvesting), after you might have taken your profits, but you keep going since it a valuable asset and already have proven itself and we still don't know what the future holds for us, not being too optimistic though.


Title: Re: When is it right to invest in Bitcoin?
Post by: Crypto Library on May 20, 2024, 06:43:59 PM
Investing in bitcoin is not something you can just start doing, proper knowledge and planning is needed. Knowing that it is best invested as a short term for beginners like me and long term for experience investors so as to make profit. As an investor, one need to have other means of earnings in other not to stagger when unforeseen occurrences comes like in the bear market(period when bitcoin price falls). Knowing all of these, my questions are:
-When is it the right time to invest in bitcon?
-How can one start planning?
As I am seeing that you have mentioned that you are beginners and I think you are under the misconception that short-term trading is for beginners and long-term trading is for experienced traders. The correct thing is that short term trading is for professional well analysis skilled traders and on the other hand Long-term trading can be done by beginners to professional level traders. Because short term trading requires more analysis than long term trading. On the other hand, long-term trading is done by following a simple DCA method and starting investment for long-term, in this case you just have to adopt an affordable amount of bitcoin after a certain period like every week or month.
Quote
-How do you follow up your bitcoin investment and other businesses?
If you invest in Bitcoin in the long term, you don't need to spend much time for analysis, so I don't think that investment in Bitcoin will have any effect on the business.
Quote
-What are the assurance that you are ready?
Your stable income and a certain percentage of which you can afford to invest in Bitcoin


Title: Re: When is it right to invest in Bitcoin?
Post by: Cripple Dan on May 20, 2024, 06:49:21 PM
I'd say about 2009-2010 is the right time.