Bitcoin Forum

My desperation after becoming plus one here to own my bitcoin has grew in a week. The first journey was to look for the best wallet to use and Electrum becomes my choice. The account has been opened and I wait impatiently for my salary to enter this week to buy the first set and keep it.

On the second thought, I checked the chart of bitcoin to know if it's safe to buy immediately. My trading experience is weak but not so bad that I can't read the chart. The chart shows bitcoin is still going down, that made me rush to tradingview advice to be sure. The monthly advice shows that I should wait.

The reading of Neutral has more vote of 10 than the Sell that has 6 and Buy that has 8.

I will let this be my guide, will wait till the Buy has the highest vote. Money investment need to be carefully planned. This is just my plan, you can advice or give it kudos.

https://i.imgur.com/6MDPcan.png

Just quoted your image so it could be visible.

The image seem as if you’re following signal before investing. Although this could be right some other times but it is not entirely good to trust on them. Currently the bitcoin market is still young considering what the future holds. All this prices below 30k is still a good starting point and it will be advisable to start buying now. Using the method of DCA could save you the stress of waiting for the right time. The only right time is to buy bitcoin is to buy when you have the money right at hand. Imagine waiting for a dump of less than 20k and bitcoin starts to rise in price right to another height? It would be an opportunity missed by you.

Invest now using the DCA method, either weekly or monthly since your income is on salary

Currently, there is a normal correction in Bitcoin's price, but sooner or later it would increase again. I recommend buying at regular intervals, such as every one or two-weeks. Just don't use all your money that you're about to invest on bitcoin to buy in just 1 time.

If you really want to buy some Bitcoin don't wait too long, no one knows how expensive Bitcoin will be in a few months, and it may become harder for some people, including you to buy it.


And to be honest I don't trust those votes much, I'll just use my mind and stick on my own decision after reading from different sources.

OP, most of the time, all this price analysis of Bitcoin is not so accurate. If you have, say, $1k to invest in Bitcoin, instead of waiting for the right signal to buy, you can decide to buy $10 -$15 of Bitcoin every week just as the price fluctuates. Don't just invest the whole amount at once. There are chances that if you are only waiting for the right time to buy, the market can get into a big uptrend and maintain the price for a long time. So instead of just waiting for the perfect opportunity to buy, you can DCA.

That's 👆 not investment advice, but just a suggestion.

Well I will say using the trading view guides may not give you the exacts time for you to enter the market, why because there are several factors that is controlling the market and results gotten from there doesn't totally summarized all everything about bitcoin. You decides to wait for it to get more votes may typically leads you losing the right time for you to holds some reasonable amount which you expected to have, but that withstanding it's good you follows your directives and instincts.

I understand that the reason why you're looking for the best time to buy is because you want to make more profit judging from the fact that you're not planning on investing large amount of money.
So if you're not sure of the right time to buy then you probably should consider doing DCA that way you won't be buying everything at the same price, you can just decide that you wan tot be buying bitcoin every saturday or every two saturdays and also set an amount that you want to be spending, before you know what's happening you'll have enough bitcoin in you stash. You shouldn't wait till you have milions of dollars or till the price of bitcoin gets to $5 before you invest in it.

Eventually you'll outgrow the habit of relying solely on these votes and these polls to make your move in the market. Heck, I'll even go as far as saying that you will most probably buy bitcoins blindly if the goal is for the long-term. I think a lot of people here would agree about that. For now, before buying anythin, maybe learn as much as you can first. Learn about wallets prior to learning about market movements. A lot of scams and attacks have become sophisticated over the year that it's scary to be ignorant of them and how to avoid them.

When bitcoin dump to around $16k, I saw lots of people say don’t buy bitcoin yet it’s still going to dump more, Bitcoin started pumping gradually and it hit $30k+ recently, normally we don’t just expect bitcoin to keep on pumping without any correction happening, and if their is slight dump in bitcoin price, everyone will start saying bitcoin will dump more. It’s better you don’t listen to people are saying if you really want to stay long in crypto space, always do your analysis and know the best time to invest.

If you are planning to invest in bitcoin for long period of time, then I believe if you invest now it’s not really a bad idea, the only people that should be disturbed by bitcoin price movements are the bitcoin day traders or mid term investors, but if you are planning to hold for long, then you don’t have to panic.

I think you need to wait somehow as the monthly advice says because you're still convinced about what you read want exactly based on everything you just said now and you need to be sure about that before you proceed with your Bitcoin journey.
Do you want to trade Bitcoin or do you want to invest in Bitcoin?
You can want to make use of electrum but you also need to verify the electrum wallet (https://bitcointalk.org/index.php?topic=5240594.0) before using it. Meanwhile, you can ledger hardware wallet and I think Nano S Plus is around $60 now.
If trading is what you decide, I will advise you first to the investment first while you learn how to read the chart and how to make use of technical analysis.

What vote do you mean? Do you want other people to decide when you will buy/sell Bitcoin? I don't think that is a good way to own Bitcoin or to do investments.
I think what you mean is the Bitcoin fear and greed indicator, just like what is on the image you shared. Which if you are using that as indicator, it's kinda good, just make sure the lower value of that, means a lot of pressure from seller and more or less the price is dumping.

I don't know why people asking what is the perfect time of buying Bitcoin which in fact you can buy anytime and wait until it has a profit and then cut your profit at you target range.  IMO the perfect advice could be, to buy Bitcoin on the DCA way, every time it has a correction that's the perfect time for it because we'll never know where the price heading at.

So there are only 24 people who participated in the voting pool which do you believe?

Try to do more research first and evaluate the fluctuation of the market. If you feel that it is going to go down then follow your instinct. Or you can do a cost averaging investment and i think this would be good way to invest. You are right money investment need to be carefully planned but until when? No one knows if the market will go down drastically or will go higher. If you are aiming for a long term anytime would be the best time to invest.

But a wallet like electrum is not oriented towards trading activities, so it is still the most recommended choice. Even if your analytical skills are the worst, at least you will hold on longer than most traders regardless of looking at the chart, you still have a chance to beat real traders in terms of investment profits. Bitcoin has the lowest volatile risk, just buy a fraction of your weekly/monthly salary.

When you hold your bitcoins in a non custodial wallet like Electrum wallet, you intentionally or unintentionally reduce your trading intensity. If you want to trade, you have to make an on-chain transaction from Electrum to your exchange account, and wait for 1 to 3 confirmations (depends on each exchange requirement) to start trading.

If you store your bitcoins directly on an exchange, you can trade it any time like when you feel panic or being greed.

Trading can not help you rich but holding can help you. In addition, by storing your bitcoins on exchanges, you have more risk.
Reminder: do not keep your money in online accounts (https://bitcointalk.org/index.php?topic=5421039.0)

Only time can tell whether your decision is right or wrong. While I thought of advising you to DCA, since I am not sure of the amount that you want to invest, it might indeed be right to just wait for the right timing and make the most of your money. And that right timing is up to you.

I'm curious, do you have a specific price target for your buying or do you just rely on this buy and sell index? I don't trust this index of course, but to each his own.

You should definitely NOT be waiting to buy Bitcoin. Bitcoin is much more likely to be much higher than it is today in a few weeks and in a few months than it is to be lower or even anywhere near the current price. Now is an amazing time to buy Bitcoin. It even just corrected a bit this week so the price is extra low. If you are trying to get the lowest possible price you will almost certainly be buying higher than the current price. You should be DCA'ing into Bitcoin, not hoping to get lucky and pick out the lowest price. The price is very low right now and you should definitely start buying today. Maybe you get lucky and you are able to buy lower, but if you wait you will almost certainly be buying higher.

Furthermore you should definitely not be relying on some vote on some website as having any validity for what the market will do.

Start buying today (you may never get a better price) and buy regularly. Buy a little bit once a week or whatever you want to do. But start now, the price is low and it won't be long until people were wishing they were buying in now.

I might be wrong here but is this kind of guide can be easily manipulated? I mean you can just stick to study the chart, price movements, and things like that, but this kind of signal only shows that you're also depending on other people's decision. What if the Bitcoin drops a certain percentage and the vote says "hold, don't buy yet" and then Bitcoin just bounced 100% back and left that figure and never returned. That's a big missed opportunity right?
IMO, following this votes is not like what you've said "Money invested need to be carefully planned." because basically, it was never YOU who planned when to put your money and when to sell. Carefully planned investments always starts and ends with you making all the decisions after going through a thorough research and due diligence.  

Dude, what are your plan and strategy? are you want to do daily trading or for long investment?, If the last sentence you choose then you don't need to look at any chart like trading view or others, It's look query because you still need another opinion for your life. If you try to own bitcoin, you don't have to worry about charts and prices today. Just try to change your mind if 1 btc = 1 btc then you are safe and didn't have doubt like today.

This is a greed and fear index. Do you know the secret about this index?

When Bitcoin price increase, the greed or buy vote will increase.
When Bitcoin price decrease, the fear or sell vote will increase.
When Bitcoin price is quite stable and no big movement, the neutral vote will increase.

If you want to buy and sell Bitcoin based on this index, 100% you will lose because you're buy Bitcoin when Bitcoin price is increase (high) and you will sell your Bitcoin when Bitcoin price is decrease (low).

Seeing as your going to buy Bitcoin off of your salary, why not just DCA? I'd say that's the best option for most people who have a monthly income, especially if you're a beginner yourself.

Also considering that Bitcoin is going down, isn't it more the reason to actually buy instead of waiting? It's ultimately better than buying it when the price is high. If it goes down more, then just hold and wait. You're looking at the long term for the most part anyway.

You are doing it wrong. Buying bitcoin should be a reasoned, calm, long-term decision in most cases, and not be influenced by short-term volatility swings.

This is not your case, but someone who buys bitcoin with this mentality does not care if he buys and the price goes down, because he has assumed the volatility and thinks about what will happen in 10 years' time, not what will happen to the price in the next 10 hours.

In response to the title of your thread, I would say that you should not share bitcoin, at least until you become more informed and change your mindset. You have all the chances to buy with money that you may need in the short term, which you should not do, and sell at a loss as soon as it drops a little, which is typical of inexperienced retail investors who get carried away by emotions.

In my opinion you are not ready to become a trader, you are letting strangers over the internet to determine your financial future, do you think this is the right way to proceed? Because if you think about it you should realize how defective such a strategy really is.

I recommend you to take some time to study the markets, if you have some trading experience as you state at most it could take you some months before you gain the necessary skills to finally be ready  take financial decisions on your own, and stop your dependency on tradingview and other similar websites.

The decision is yours and you can wait or invest relying on these charts but if you have set limits that when prices will reach that level you will invest so wait till that time but there's no guarantee it will be at that price range because these charts gives different results each day.For those who understands the importance and future growth don't wait for right time but have mindset that whenever they have invested it's the right time keeping in mind long term holding.If you invest at $28k and after few years the price is at $70k imagine then would you think about anything else? So instead of waiting for right time which might not come ever be wise with your investment decisions.

You seemingly willing to be Holder? then best not just using electrum instead Buy a ledger or trezor wallet mate for more safer and valuable Holding.
remember that not our Key is not our wallet ,since Electrum is one best wallet yet assuring for being safe is not that really trusted for Electrum.

Yes, just exercise patience for the price to decrease back to $17,000 before you can use your salary to purchase Bitcoin so that you will be in a good position to win something huge from your holding in the future. I believe, this is the season to save money and wait for the price to decrease before they can buy since the price is still moving between $27,643 and $28,212, showed that holding is the only solution for long term investors to get it right when the price hit $60,000 before the end of next month. Based on what is happening in the crypto market now, don't buy Bitcoin now because the opportunity for you to buy and hold is very near.

Dude?

Electrum is a non custodial wallet and they will give the key to make sure you're only the one who can access your wallet, except you're show other people know your key. You can run Electrum in offline to make sure your wallet will not compromised from online attacks.

Remember Ledger and Trezor are created by a centralized company which mean you need to trust them about the trustworthiness of their created wallet.

Wallet which not give you the key are Binance, Coinbase, Kucoin etc aka custodial wallet/centralized exchange.

The last few days Bitcoin has seen a correction in value from $30k to its current value of around $27k, the recent correction marking one of the most intense periods of liquidation of long positions since the start of the year. Even though Bitcoin has fallen from its expected price in April, there is still a possibility of a return to the surge phase in the near term as Bitcoin continues to face pressure from macroeconomic developments and regulatory uncertainty.
My belief in Bitcoin is very strong, this fall is not going to damage the long term bull market thesis. What Bitcoin has just experienced will bring more buying power than before and it will be very good for long term bulls to re-enter the market.

the right time to buy btc is hard to get actually, it is confidence in making decisions that needs to be prepared, time goes so fast that a little delay will be missed,
here is your goal to buy btc to invest or day trade?

I'll give this suggestion based on my personal experience. In reality most of those advises are not that accurate, and that is only based on someone's opinion. If you are not in a rush you should try to buy some while you still can coz there is no exact moment or right timing as to when is the perfect opportunity to buy Bitcoin. Again, this is not a financial advice, and you should still risk the amount you are willing to let go. I understand that you have a lot to think of but sometimes there are things that you should only take at face value although you have to keep those words in mind but pay no heed. In the end it is all up to you. Have a great day again ahead.

I can understand how you feel to see the price of bitcoin drop and the stress of making an investment decision. However, I would like to share with you that investing in bitcoin and other cryptocurrencies is a risky action and does not guarantee returns. You should understand this risk well before deciding to invest. And when reading the price chart of bitcoin, you should clearly understand that its price can fluctuate wildly and that a large number of different factors can affect the price. Just relying on charts is not enough to make investment decisions. Regarding waiting for the highest votes, this has your own reasons. However, keep in mind that votes are a subjective indicator and do not guarantee that the price will go up or down. If you decide to invest in bitcoin, consider setting goals and having a clear investment plan that considers all risks and price fluctuations.

I want to ask you and the OP, what makes both of you think this is not the right time to buy, and what proves that the market is bound to drop or get dumped again? Do you and the OP have a crystal ball to foresee things in the future? Since as far as I know, nobody can predict bitcoin so, waiting to buy is not a good idea. Moreover, the current price is not too bad to buy, and why don't we use the DCA strategy to buy bitcoin? If unfortunately, bitcoin does not drop and bounce strongly, we have nothing to regret.

Actually the perfect time for you to own bitcoin depends on your own niche or mastery, If you can identify your niche then you can have an edge not only to the other trader but also in to the market. So what are the niches in trading, it can be a momentum trading, swing trading, position trading or the (HODL) and lastly scalping. If you can identify your niche then it can help you to enter the market perfectly. Knowing your edge is not that easy because it requires experiences and a lot of experimentation for you to know if certaing strategy works for you or not.

As for my strategy and system, I'm a swing trader who frequently buying in the support area, If I have spare money to buy bitcoin; my decision is still to wait more because there is still panic in the market and the current price is still not in the support area which means that there is a chance that we could see that the price may go dip and touch the latest support area. If that scenario happens then I'll start acquiring bitcoins but I'll not go all in, I'll use tranches to get positions as much as I can.

First of all is this your first time I would highly recommended that you are using cold money meaning money that you can afford to lose and not gonna use it in long term.

Your choice wallet of Electrum is Great since the wallet is open source and many member here is using it. and if you already buy and still minus at the portofolio you can try do Dollar Cost Average and with this technique you can average down and made a profit when bitcoin is up

If it were me, I'd buy now and use DCA if the price drops rather than wait in uncertainty. I bet you, you don't know what will happen with bitcoin. But it's your decision because it's your money, you are responsible for it.

I don't think OP has. He is just waiting for the tradingview platform, which he is using, to conduct a group vote on the best bitcoin price to buy at. The higher the vote at a particular price of bitcoin, that when he will conclude of investing.

This is more of a misguide than a guide, in my opinion, to invest in bitcoin. When investing in bitcoin, you should do it of your own free choice and without first waiting for other people to decide whether it is a worthwhile investment at a particular price.

In case you forgot, your future bitcoin gains or losses are calculated per person, not per user. Therefore, before contacting Peoples Guild about investing in bitcoin, you must make sensible decisions that is your loss and also your gains.

Don't think that following the tradingview investing guidance is a good thing for you. The sooner you quit following their investment advice and distance yourself from that group, the better for you.

This will be a very good idea for OP to start his/her monthly investment without having too many issues during his investment.

Following crypto signals will not actually lead the OP's investment to the right part, because the OP might be waiting for a price dump before investing and the opposite might happen which means he/she has lost their chance to invest at a low price.

OP needs to understand that, no price is too high for Bitcoin investment.

I echo other members here that suggest cost averaging.  It is one of the best method to lower down the average of accumulation of Bitcoin.  Aside from that the current price decrease is also a good chance to buy Bitcoin at a cheaper price.  @OP if you are a bit hesitant and worry that price would go lower if you buy now and miss the opportunity to buy BTC at lower price, then it is more reason to use DCA  at least you are at a safe side of accumulation, you will not miss the recent dip and if the price continuous to go down, you can still accumulate to cost average down you buying price.

I always think that if the market favors the investors and it opens for reentry, that would be the best time to buy or start buying BTC.  Reentry is something like price decrease after a series of price surge,.

You can hold off on buying bitcoins right now but you shouldn't put it off for too long because the market situation can change immediately without any notification. I suggest buying bitcoins in small amounts first while looking at the market situation so that you can make another purchase if the market situation declines again.

Yes, investing requires careful planning but we also shouldn't take the opportunity to buy bitcoins for too long because we don't know what will happen. And preferably in investing, you have to remember that you only use the money you can afford.

Bitcoin is $27k currently, of which I don't think that's a bad price for O.P. not to invest in as much as he/she intends to hold the coin for a very long term (but only if he doesn't have the money currently). Secondly, if that market signal was to be 100% accurate, I bet you all Bitcoin holders would have been a millionaire by now because all they would have to do is just wait till when the signal says "Buy" they buy and sell when the signal says "Sell' and take profit every time. But I will love to surprise you that that sign does not work as you think, and as such I will like to advise O.P to try and have a budget and buy an amount of Bitcoin he/she can always afford at that very moment, knowing fully well that it's not a Ponzi scheme where he should be thinking of getting rich overnight

I guess using an hardware wallet should depend on how much a user intends to invest in Bitcoin, because if it's above $1000 & above, then I suggest he get a hardware wallet such as "Nano Ledger X", but if his investment happens to be below $1000, then I will suggest he continues with the "Electrum wallet" he started he just opened.

Like many other users here, I would suggest you start doing DCA (Dollar Cost Averaging) as soon as you get your hands on your salary instead of waiting for a specific time as there is basically no perfect time to buy Bitcoin or any other cryptocurrency because no one can actually perfectly time the market and it is better to keep buying when the price is still low or getting lower.

Doing DCA will give you a good enough amount by the time it reaches the end of the current correction and then when it starts going up, you will see your portfolio growing slowly and steadily, that's better than waiting for a specific time spot and buying at once.

Actually, this isn't an accurate tool to measure what is going to happen next on the market. Bitcoin can continue falling, remain stable or pump to a new level. Crypto market is unpredictable, and if you try following its movements closely you will end losing money sooner or later. So better to focus your investments on long term results, instead of the short ones. Buy now, but don't worry about cashing out profits in a month or two. Expect to hold for at least few years until you see consistent gains.

I don't trust websites that allegedly measure whether it's time to buy or sell, and those that measure the greed factor more or less accurately seem to do it in hindsight, which isn't very useful.
I agree with Zaguru12 and many others about the DCA as a reasonable option for investments. It's easy to do, a popular strategy, and you sort of win some and lose some because sometimes you invest at a good time and sometimes at a not-that-good time, but it's alright in the end. Of course, everyone should do what feels right to them, and it's totally reasonable to just watch the market for some time and then decide when to invest, how much to invest and which strategy to use (if any).

You need to decide for yourself OP, not just because some website told you to wait, it should be on your own volition not to mention that there's a probability that that website is going to tell you to buy when the market is already going up and nearing it's peak. The best way to do something is to start something.

You'll eventually break the habit of basing all of your market decisions on these votes and polls. Heck, if the goal is for the long term, I'll even go so far as to say that you will most likely purchase bitcoins blindly. I believe that would be widely agreed upon here. For the time being, perhaps understand as much as you can before purchasing anything. Prior to understanding about market fluctuations, educate yourself about wallets. Over the years, a lot of frauds and attacks have evolved, making it frightening to not know how to protect yourself.

As you firstly mentioned about wallets, I suggest you to get the hardware wallet. No offense to Electrum wallet, it is quite good. But software wallet faces many problems where you can lose all your funds. It is not immune to hack or other bugs. So owning a hardware wallet should be your first priority.
Now let's talk about when to enter or exit the market.
If you don't know this, let me tell it to you. Bitcoin profits don't come in overnight. It is an investment plan which takes time. Long term plan, and you need to stick to that plan no matter what. Buying low is always a good decision, but when you calculate that in a long run, the difference will seem less. And as you are getting constant salary every month, The best way to have a good spot in the market is putting a certain amount of money after certain amount of time. In simple word, DCA.
So there's no good or bad time to invest in BTC if you can hold it for a long time.
Hope this will help you to come up with your own strategy.

None of those sentiment tables or charts really matter if you’re serious about bitcoin & motivated to hold for many years & keep adding to your stash. Bitcoin is the best innovation of our lifetime, it’s more risky to sit on the sidelines & not buy any.

If your time preference is long term then there is no risk to buying now. It’s extremely likely that bitcoin will continue to rise in price as time goes on.

No right time other than for you to buy whenever you have the funding and hold the coin till you get enough profit. The market and people may be discouraging but the decision is yours to take

 I totally understand that you’re waiting for the best opportunity to purchase Bitcoin but what if the price increase  significantly and suddenly? At that moment, you will definitely regret for not taking the previous precious chance. In my opinion, you should buy Bitcoin fractionally for example the current price is actually $28k , you can buy like $1000 , it equals 0.03552 BTC and keep your eyes on the market and try to chase more opportunities, it the price goes down, buy again. That’s how you can minimalise the risk of loss. And do not hesitate OP, if you have a solid capital , start investing in Bitcoin, it will certainly be fruitful especially in 1-2 years. Good luck mate.

You need a real person to talk toface to face and not so machine telling you when to buy or not based on people's vote. A reason for this is that you have an investment plan crafted for you .

Hey, take your time researching on Bitcoin. There are many ways to invest whether when the price is up or down. Read it up. Ask questions and make your decision on which to follow. If you ask me everyday is a good day to buy some. Bitcoins, it depends on who you ask.

Waiting for the right time to invest can be a smart move, especially if the charts and expert advice suggest that the price of bitcoin may continue to drop in the short term.

You may want to consider diversifying your portfolio by investing in other assets, such as stocks or bonds, to spread out your risk. Additionally, make sure that you're investing an amount that you can afford to lose, as the value of Bitcoin can be volatile and unpredictable.

it's up to you to make the final decision about when to invest in Bitcoin. Keep researching, stay informed, and make a decision that you feel comfortable with. Good luck

You dont really need for any vote because the answer would really be depending on you because if you are really that mindful about its price then you would be depending on you whether you would
really go for short term or long term which means that if you are mindful about cheap price entry spot then you are likely going for short term trades but if you dont mind with the current price
and you are really that dying on trying to get one or own some bitcoins then do it. You wont really be needing any community response or voting because it would really be depending on you.
There's no need to wait because the market now is still that lying low which its considerable to enter before bullish market starts.

Yes, this is what im saying above that dont make yourself get influenced by any feedbacks or suggestion or any websites telling on what you should gonna do.
We are all speculators on here which it would be normal that approach and comments would really be entirely be different into each other.
Listen into your own head and emotion or feelings whether you do need to buy or hold a little more.
We do have our own will on doing so.

Most probably i think you should wait before owning a bitcoin. Make a research first and study further the market, enhance your skills as well in investing. No one can really tell what will happen to the market if it will go down or if it will goes up. Wait for the market to go downwards and set a target price on your target investment. While waiting you can stake a stable coin so that your funds would earn some percentage while waiting for your target price of bitcoin. Do not be so desperate just keep calm and have more patience.

Let alone any articles out there. I usually just use articles like Forbes or Yahoo Finance as a guide or at least just an idea through data provided whether I would just sell or buy. There's likely a possibility that some even articles sites are paid to drive the decisions of the public, don't you think?
And yeah, DCA would kinda save you from the possible headaches when you do the opposite and impulsive buying.

Most of the time, you don't need to. Mentorship is a plus, but sometimes getting a network to teach you is a pain in the ass. If you can handle the research all by yourself since the resources are free anyway in the internet, do it most of the time.

If you're advising someone to invest in Bitcoin that's a decentralized project, you shouldn't be suggesting they also be investing in a centralized project like stablecoin and asking them to stake it. Stablecoin are not good project to be investing in.

Be careful of the high APY those stablecoin promises when you stake your coins with them either through exchange or their staking platform, they can fail you at anytime or the value of your investment goes to zero because of the collapse of the stablecoin.

Buy Bitcoin, you shouldn't be waiting to buy Bitcoin instead you're meant to buy then wait. You have to ignore the price movement since you're not a trader, your concern should be profiting on the long run.

There is no need to hurry with the investment. First part in investing in anything, should be to make yourself aware about that thing. So, to be able to invest in crypto properly, you should first do all the research about bitcoin. Bitcointalk can be a good source for this. There are different sections here dedicated to different aspects of crypto. You can read the investment journeys of other members and there returns. Also, start with small investments first. Do not invest more than what you can afford to loose.

Electrum wallet is undoubtedly the best as a complete wallet with more security in terms of wallet. As per your statement you have prepared everything and are just waiting for your monthly salary. This decision can be the best decision of your life. Since you have some idea about trading. Having some idea about trading and having no idea are two different things. Since you are able to read the chart and have some idea about it you try to move forward using that idea. If you keep doing this regularly, you can convert your minimal idea into much bigger idea.

It's going to be good for him, he is lucky that he find the Electrum wallet when he was still in the beginning. For me, I didn't research that much when I started to go back to bitcoin. I have some before, but I might have lost it already. As for investing, if the OP is going to wait for paycheck after paycheck to invest on bitcoin, then yes, as what the majority says, it's better to do DCA. It will greatly benefited him in the long run, he can do weekly or bi-weekly, or whenever his paycheck arrives.

It is always wise to exercise caution before making any investment decisions, especially when it comes to volatile assets like Bitcoin. Although you may be excited to enter the cryptocurrency market because in recent days corrections are very prone and Bitcoin charts show a downward trend. yes, I think it's better to just wait and see where the wind goes because the trading experience of each individual is definitely different and not all the same.


I want to clarify that the statement "most people who waited a long time to get into Bitcoin end up regretting that they waited so long" is a subjective claim that has no verifiable evidence to support its validity. While it may be true that some individuals who hold off on investing in Bitcoin have missed out on potential profits, there are also many factors to consider, such as the volatility and unpredictable nature of the cryptocurrency market.

So, instead of rushing to invest based on FOMO (fear of missing out), it's better to take a breath first and continue to analyze market trends and risks and then make informed decisions based on personal financial goals and risk tolerance. I think that's how it should be and maybe better.

Why wait? Better purchase price? I understand your desire to maximize your profitability, but I think that these attempts to wait for the best entry point are a waste of time. Just do it and don't worry. That's how I would say. This is not a call to action and you must make the decision yourself.

Some people can wait a very long time for bitcoin's fall even further. They wait and wait, but time goes by and they never buy. They live with some kind of naive hope that one day they will definitely buy as soon as btc becomes cheaper. Bitcoin drops in price, but they still don't buy and find new excuses for themselves. Don't be like that.

You are absolutely right that money investments should be taken seriously. But in the case of bitcoin, the rule works (so far it has worked) that whenever you buy, sooner or later it will pay off (it only depends on the waiting time). So, don't get carried away with a long wait to start.

It is your money mate so you must be the one to decide and make it happen.but
if you are going to ask us of how to handle this?
better not to wait for that long because the market may change anytime and you will regret of waiting than buying when you have a chance.
this may be a good guide but remember that experienced members is the best guide you may use.

there's a right time to buy but for now you'll have to wait for it cause when you buy right now while the price is still high, yes you can still gain enough profit but, it may cost a lot of money but if will you buy it in a bearish and hold it thinking for long term investment it may be worth a shot.

You can try DCA if you're not good at reading the chart, if you're waiting for Bitcoin till the next bull movement you're already missing the current opportunity. Bitcoin can down 10% in a day and up 10% in a day so waiting for Bitcoin to have a vote that has Buy more compare to sell like you do, you will miss the train  ::)

Yes, there is always a good moment to buy.and this period is known as a bear market, and it occurs when the price of Bitcoin is falling.The fundamental issue, however, is that it can be challenging to forecast when Bitcoin will hit its lowest price and, more recently, when the bear market will end. As a result, many people who constantly time the market end up missing out on opportunities of bear market period.

I think any investor who buy Bitcoin at the current price and keep it for a long time before selling it, it will make a profit.If Bitcoin's maximum price during the previous bull run was $60k+ and the current price is $28k, I think anyone who buys now will earn a good profit during the bull run. Due that nobody can accurately predict when the price of bitcoin will rise or fall, it is still a smart idea to purchase it at this price average level.

I never follow signals. What is used is the historical market trend cause it never lies since the Bitcoin market always replicates its previous trend.
With that being said, the OP plan was not to invest in Bitcoin. His plan was to trade BTC and he has yet to understand what crypto trading is and what he really wants for himself which is why I advise him to wait until he understands what he really wants.

Yeah, I think it is always wise to wait before buying your Bitcoin. By "wait", I mean being ready and understanding everything before jumping in with your money. It's always better to be safe than sorry, especially when it comes to money investment. Tradingview is actually a good platform to read the charts, and though I haven't read the guides, I am sure it would be of some use/help. Still better to follow multiple legit source than to stick with one source. Always remember that it's important to have a carefully planned strategy when investing in crypto, and always take the time to study the market and charts if you want to invest successfully.Remember to do your own research and make informed decisions based on what you learned. Not on what others told you.

You wait, wait, and wait for the price of Bitcoin to go down, but instead of going down it just keeps going up. Finally, you decide to buy when the Bitcoin price is high enough, but you buy it when the market is aggressive, in the end you lose money and regret it. What lessons can be learned? don't delay buying Bitcoin. If you have the opportunity to buy now, do it. Don't delay any longer!

If you decide not to buy now sure if not determined that your Salary will be spent on frivolous things. Personally, for me, I won't wait for any dump or to see the market, once I have my money I will buy, what is now left for me is to hold the coin until I profit as much as I want.

It the price of Bitcoin is surging and has increased by a huge percentage from the time it started, then I think it is wise to wait for the correction in order to get into the market with lower price.  It is not bad to wait for a better opportunity of buying Bitcoin at a lower price if and only if the market is surging and is yet to experience correction.


The lesson to be learned is not about delaying or not delaying.  It is about the market entry timing. We should know better that rushing to invest in Bitcoin without considering the market trend and performance for the past weeks or months can often lead us to a wrong entry point.  Like those who are in rush to invest when Bitcoin are in its peak and those who missed to invest when the market is in its  bearish sentiment and at the lowest entry point.  It is the right timing that we must learn if we wanted to maximize profit in Bitcoin trading.

As for me it is not some time but at all time. If a trade did not check signal before entering the market, my brother he will not survive in the market, so he has to do some research and check the market to know the movement of the market. Do you know that trading is different from investment. In investment , you can do without checking the signal but I don't think you can do that in the trading.

Usually checking of signal is applicable for the both, so are you indirectly telling us you can invest whenever the market is high is that what you mean?
This is wrong idea, during investment you need to check and study your market very well before jumping into and buy without knowing whether is about to dip or bull so during investment you must take precaution of these things as well. Check whether is the right time to buy and hold or not sometimes you may venture into market and it changes direction and turns bad on you.

^Definitely right but just be careful of using this.
As I can see, trading signals and analysis can be useful tools, they should be used carefully and as part of a broader investment strategy.
Probably these tools probably be useful in identifying opportunities for long-term investment, you need to make sure that you are using them in the right decision. Just like technical analysis can be used to identify potential trends and price movements that may affect the long-term performance of an asset, but you need to make sure that you are not making short-term trading decisions based solely on technical analysis.

We need to buy when the market is low and sell when the market is going up. Although the problem that is involved is that we might not know what the market is doing and where the market is going. This is why it is good for one to know how to read the market to be able to know when we are going to sell or buy in the market. The Crypto market moves up and down and if we observe well we will see that volatility is something that do make people to be scared of holding because they no not what thw market is warming up to do and the next direction of the market.

I'll trust more the greed index than that vote meter of buying and selling. Well, we have our every way of determining if it's a good time to buy or not.
But most of us will start buying when we consider the price is low and not with that type of measurement just as what you've indicated and said to be what you'll be following.
Anyway, if you buy, just think of it as your permanent decision that can't be altered so that you will have no regrets.

As you are looking for advice to invest then I can tell you that if you are a long term investor you can invest from instant market. The market is still relatively low. Moreover, if you think that the market may fall further, then it depends on you what you do. It is uncertain whether the market will go down. Because the market is full of volatility now. You may fail to do proper analysis in this volatile market. And here the voting system you have done may not be a good investment advice for you. So whatever you do, do it from your own thoughts.

Better safe than sorry.
If you are a long term trader it would be fine entering any price point but ofcourse who doesn't want to make your decision on investment, efficient. For sure you'd earn more from waiting for a lower market price as to how you read the chart. Problem here is missing the uptrend if you will be too patient; expecting a downfall til $10k but happened to have a pivot on $24k. Would be fine if you would manage to cope up with the increase, but what if you did not? Buying halfway through pumps would be a gamble already 'coz prices could fall in an instant. And as we can normally see, once you chase the market trend you'd be easily frustrated.

You know most at times I wonder how people do reason, why would someone go into investment without know and study the market, it's not possible for an investors to make his investments without drawing close charts and doing some analysis to connotes if the market is favorable to enter or not. As a matter of fact, Investment and trading uses the same functions to overview the market.

Good idea. But I recommend you learn more about Bitcoin and trends so you can decide for yourself.
And overall, if you are not a good trader, then the best decision for you would be to use DCA to buy Bitcoin periodically in small parts.
That way you will statistically buy at a better price because you will leave your feeling aside and won't make emotional mistakes.

p.s. I'm waiting for bitcoin to go down too, so I think you choose the right tactics for now.

Good luck!

I have no doubt you really have idea about how bitcoin works entirely. As it is now, every investor knows this current market condition is the best situation at which one can bag more bitcoin when holding for a long time. You should know holding now would pay off in the long run and you can buy in little fractions on daily purpose.

"Be fearful when others are greedy and be greedy when others are fearful" Warren Buffet. We all know about that but in practice we don't do that. Most of us do oppositely like part of the crowd and we don't do oppositely to the crowd. Unfortunately we mostly buy at tops, sell at bottoms.

https://www.silkinvest.com/content-archive/2018/9/23/be-greedy-when-others-are-fearful
https://images.squarespace-cdn.com/content/v1/5b33e508e17ba31b519e99b2/1537732520351-UZEFJB6307DL283IH1O5/buffett.jpg?format=2500w

You don't have to identify it if you focus on fundamentals and have good belief in Bitcoin. Buy bitcoin, consider it as your long term investment and you can ignore all greed, fear, ups and downs in the market, psychology cycle of the market and simply hold your bitcoins.

If you understand it, it is good and a support for your decision but your life and your investment will be more easily if you simply hold your bitcoin.

I'm still perplexed as to why people still consult charts prior to purchasing bitcoin because, as I see it, a chart cannot actually provide someone with what they desire. If you want to purchase bitcoin, do so at the appropriate time without consulting a chart. After all, what would you do with your money if you followed a chart but later realized it wasn't the right time for you to purchase bitcoin? Before waiting for the time chart to show, I think you're going to use that money elsewhere, which might discourage you from purchasing and selling bitcoin.When the price of bitcoin dropped years ago, some individuals vowed never to buy it again and advised new investors to stay away since the coin would keep falling in value. However, just a few days ago, the price of bitcoin reached $30k, which suggests that many people are still holding out hope that the price will rise repeatedly.

Do you want to be a trader or investor?

You can't decide anything in a week so I advice you to wait, learn necessary things about the thing you are going to accumulate and access your capital loss value then invest and do it for long term then you will be feeling what the real returns will be.

Don't end up in shady, scam exchange while in an attempt to buy your first sats.

maybe you can start by buying a little bit of bitcoin until next year because I believe the price of bitcoin will be increased by the lowest will be 1.5x from the current bitcoin price while the higher price may be around 2~2.5x from the current bitcoin price.
why do I think of this? because next year there is a bitcoin halving.

The desire to own and invest in Bitcoin is great. However, it will be wiser when it is really at the right time, that is, when we are really ready in all respects before investing. as well as the free money used, the readiness of our plans, and our emotional maturity when investing. Because this is very important, as we know that investing in Bitcoin is volatile and very volatile. We might one day be very happy because the number of our assets is increasing due to the rising Bitcoin price. But on the other hand, we also have to be prepared when our assets drop when the price of Bitcoin drops. And this will probably be very painful. Therefore, you really have to prepare yourself to start investing in Bitcoin consciously, smartly, and also wisely.

I don't think relying to this guide is a good idea at all. You won't learn anything from there and you'll always rely with this guide forever because you don't know how to do it by yourself. It's true that if you can follow other people advice for your own research so you can be more careful to invest next time, but I'd assume this one is just blindly follow the guide and call it a day. Might as well do DCA and learn to trade by the meantime, it's much better if you have little to no knowledge in investing Bitcoin.

indeed in buying bitcoin you have to be at the right time and when the price of btc is falling or is being corrected.
but in my opinion if you want to buy btc it's better to use the dca system.

and you need to remember that the market situation will be difficult to predict and buyers and sellers are difficult to predict, so I think only the DCA system is worth using.

First of all welcome to the forum and good luck to your crypto endeavours. This is quite a small sample sizes and you still have more people voting to buy rather than to sell, that is why I would recommend you to buy at least small part of bitcoins already with your salary this year. There is no strong conviction for any action at the moment, all we see from your picture is that people are unsure what the future is going to bring. And the best case in such a scenario is in my opinion to buy at least some coins. Let's say prices will rally in the near future (scenario 1) and you missed your window to buy, then you will feel terrible for not buying earlier. The second scenario would be that the prices are not changing any time soon, then it doesn't really matter if you are invested or not. And the third scenario would be that prices are falling, which is not such a bad situation either. Because as long as you are not selling your coins you are not losing any money and eventually the prices are going to rebound. It's hard to go for the perfect time to buy and sell our coins.

There is no specific time for bitcoin to rise in price, and relying solely on your own speculation to advise others is not a wise decision. I will agree with you, OP should buy some bitcoins from now on but hold until the price increases rather than a specific time. The past shows us bitcoin will rise after the halving happens, but that doesn't mean history will repeat itself, things may not turn out that way.

Since there would be vast bullish movement by next year, it is good for us to start holding some amount of Bitcoin for the preparation of the next bull market that is coming to us soon. We need not to wait for the market to go bullish before we decided to but some good amount of Bitcoin now that the price of Bitcoin is still low and affordable to holding some good amount.any smart investors had been taking the opportunity of to buy large amount of Bitcoin because they know that the market is certainly going to go back to the previous level it was before now.

bitcoin has the nature of fluctuating and we will not be able to analyze and predict accurately because of course the market situation will be difficult to predict.

and in this case the decision is yours, because you yourself will buy.
and indeed in purchasing there are times when it is difficult for us to buy it right away because it is usually caused by fear, namely because we are afraid to buy too expensive.

but there are times when we haven't bought the btc price has gone up and usually after that the regrets that arise for not buying immediately.

so as many people have said, to deal with a situation like this, you have to buy a DCA system, so you get different prices.

When everyone is going right its better to go left, I have never seen where by everyone in cryptic space are saying the same thing and that exact thing happened later, no, it's always the opposite that happens.

You will end up losing good buying opportunity because you are waiting for the right time to buy, we are already in a good time to buy but you want more dips, it's fine but it may never come to past, I will never hold and wait around because no one knows what the bottom looks like.

When you missed the buying opportunity, that's when your eye will be clear and you will know that you've missed a good opportunity while waiting for the bottom, many people have made the exact same mistake over again.

The best approach is to keep buying small Bitcoin every week, whatever the price might be do not care, because there is nothing better than Dollar Cost Average in the crypto space, do not make the same old mistake that many crypto investors made in the last bear market.

There's nothing wrong with waiting if you know on what price to buy with your technical analysis because you need it to make a decision whether to buy or wait. Technical analysis might not be 100% accurate but at least you have something that will guarantee you that a certain price would happen for you to execute your plan.

Waiting without any plan at all is a waste of time. The only thing you could do is to buy now since we're only almost half wait from the last All Time High price, and the profit won't be that bad if you buy and hodl.

I think the price is not high right now at all. If you think that this is high, what is low? If you compare that to the bottom 16k then will you actually wait until it goes back to that? What if it doesn't? We reached above 30k and dropped already and if you are wrong and the price keeps going up then you would be losing a chance to make a profit.

However, if you buy right now and wait for the bull to continue then you would be doing the right thing and should be doing a lot better. I personally hope that the best thing about right now is that you should be buying a bit, not go all-in but you should buy a bit and that will allow you to make a good profit and if you are wrong then just buy some more with the rest of the money as well.

You don't say. I don't think he even mentioned that he want to buy the whole coin. He's just unsure about the chart and, I guess, doesn't have too much money to risk.

I think that it's quite safe to invest in Bitcoin now but I will suggest that you buy at intervals, also It is good to understand the wallets before investing. This is not just to Bitcoin but all investments.

Yes, it's not really healthy to rely on someone else's advice because in that way, you are not learning anything and there won't be any time for learning because in every step you made, you are looking for an advice. Don't get me wrong, advice is a good thing but that doesn't actually mean that you have to believe them and do whatever they are saying because in the first place, it's your money and not theirs. Surely you don't want to put your fate in someone else's hands, don't be scared to make some mistakes because that's how we mostly learn.

There's some price correction going on with bitcoin which is the reason why it's gone down from 31k from a few weeks ago. Once it corrects itself we got nothing to do but to wait for the next pump. Props to you by the way for taking the time to learn how to read charts and not going down the lazy path of asking other people for advice and then blaming them when things go south. That at least puts the accountability on your end and helps you become a better trader too at the same time.

In all seriousness though, I'd advice you wait for bitcoin to hit its correction, and then buy soon as you get the chance. No rush, no need to be hasty.

I can understand waiting because of uncertain regulations for now but in terms of profit to be made, I wouldn't wait before prices tanks. BTC won't wait for me.

You can do the DCA while we don't know when this correction stops but we are certain that the price of BTC is about to go up because of the charts.

And we must also remember that depending completely on what we read online will only confuse us even more, as if you show a chart to 100 different traders you will probably get 100 different opinions about what is happening and what it could happen on the future, as each one has their own understanding of the markets.

So anyone looking to become something more than an investor does not really has any other option but to learn how to interpret the charts on their own, and even then there is no guarantee any kind of success could be reached.

Like buying on monthly basis or per year. I think this depends on the person because some who has analysis will buy one time in a dip because when you bought it on right time you can get profit than buying in intervals but only if you have enough money to buy but if you are lacking money then it is good only when you have money

That's right, in this case, you will just read the charts in the same way and understand them to the best of your knowledge, but this will not guarantee that you will be able to accurately determine the further movement price of bitcoin. And if we are talking about investing, then in this case it is not as important for us as it is for traders, because for them their ability to read charts is fundamental to their earnings.

You can wait a bit during that time. I know its really frustrating to use to trade but I always wait for my capital to enter bitcoin. If I feel like a trader, I trade it with my money. Even if it goes down from last year it will be good to buy the first set and trade the second. I will not panic to keep it, I will buy a few days later for my capital so I can make my first investment. Just to be certain, I need to be sure that this time is already to be done.

A:

There are a few things to consider before you decide to buy bitcoin.

Don't buy it at the time of the trade.
Don

If you want to wait you you wait, and if you want you can buy any time to owns your bitcoin, as far as the price is below $30k, you can buy any time, but if you buy now, you will holding it for long term to get a huge profits, and don't use big amount to invest when you are starting remember to invest an amount that you can afford to lose, or buying on monthly basis or per year. I think it's s depends on the person because some who has analysis will buy one time in a dip because when you bought it on right time you can get a double profits.

You can invest some amount of your salary as a start even if it's not what you planned for before but take action because idle money is a waste, put it into use by buying some amount as a starter.

Well, good thing that you take caution before you buy, and analyzing the chart first will help you decide on when it’s best to buy. However, the more you stay in the market, the more you outgrow relying to charts for your decision making. As long as you notice there is a sharp decline, then take advantage of buying bitcoin. But never use an amount that is too big, as you have no guarantees when will the price will recover. And be responsible for the security of your own wallet, so you won’t end up losing all your funds because of scams.

If anyone of us thinks that waiting after now to buy Bitcoin would be the best option then they do not forget that holding at the early stage is better than buying when the bull market had already started. We don't need to keep wasting time to buy Bitcoin especially when we do not have good knowledge about how the market works. There is need for us to make us tya we keep buying as the price is fluctuating, mostly when it comes down below what we expected. Those that had invested in Bitcoin before now are really in money because they were able to invest at the early stage.

The later you start buying, the less profit you will get, this is a simple rule. Is it too late to buy now? The answer will depend only on how much profit you plan to receive. I think that if you buy now you can expect to increase your investment x2 - x3, this is the least you can get in a bull market, for some this is a very good result, but of course everything will depend on your investment capital. If you start with a small amount, want to buy now and hope to get x10 on the next bull run, then most likely you will not succeed, bitcoin becomes more expensive and because of this it is more difficult for it to show such a large increase as it was in the past, but it is still very interesting for investment and has great potential.

Perhaps you are right as it was very important in investing but crypto is likely different and the moving behavior of the market is absolutely unpredictable. It was the best time to buy Bitcoin during the correction and it was encouraging to do that as well. But as we know that Bitcoin will surely recover, I don't think it was necessary to become reliant on what it showed on the chart and wait to rise again before buying. Being a long-term investor, not all the time I should have to follow it but rather make a decision to buy when the price is quite low.

There is always time to buy, and it is never too late to purchase bitcoin. It doesn't matter how many submissions you missed out on, it's a major project in the market that's keeping all hope for the coin's bull run alive. Missing out on entries is something entirely different; bitcoins are really crucial, and bagging the coins to the best of my ability will result in massive returns during the bull season. I'm desperate to buy more bitcoins during the bear season; it's one of the best times to buy bitcoins at a low price and sell them when the price reaches the all-time high.