-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 |
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First how does Bitcoin operate? Bitcoin it's a digital currency uses Blockchain technology to support transactions between users. If you know how Bitcoin operates then you will also know the consideration that comes with. And critics say Bitcoin doesn't work as a currency, Citing volatility use in illegal activity, but supporters argue that it's too early to make some of these claims, is already fixing many of those concerns. I know their are so many things to be consider with when it comes to anything investment. Mostly concerning the highest exchange in the world. So what are your opinion towards the people that are investing in Bitcoin?
There are several critical factors that you must consider when investing in Bitcoin. If you are a newbie investor then you must choose DCA method of investing. The amount of dollars you plan to invest in Bitcoin should not be invested at the same time, in which case you need to invest step by step using the DCA method at different prices. After making the investment, you will have to come to see if there is acceptance of Bitcoin in your country, if there is acceptance, and if your country's government imposes a tax on Bitcoin transactions, you will have to pay the tax. Moreover, you have to monitor your work to see what you are spending your bitcoin on, if you have spent it on any illegal activity, you have to be fully aware and control yourself so that you do not use your bitcoin for illegal activities. Indeed, it would be better for us to divide the capital that we will use to invest in Bitcoin, but indeed we have prepared a framework scenario beforehand, so that we know which areas we will use as a reference for purchasing Bitcoin, that way we have the opportunity to get the best price, if we only place a purchase once, so if the price continues its decline then this can disturb our psychology. In my country, crypto trading is taxed, so don't carry out activities that violate the laws in force in our country or we will face the law. |
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Or am I wrong? I need to know if this advice is a good one or a bad one, I gave him this advice because we are very close and also because I will do the same thing if I am in his shoe, this is the best thing i can think of right now.
It's literally not a bad idea my friend, but inasmuch as he won't later in the future be in urgent need for the money and want it at all costs, which might result to the coin either been sold at a loss or profit. . Because if you could examined "Microstrategy" which is been referred as the top highest holder of Bitcoin currently, you will notice that they didn't just buy all their 170,000 BTC at ones, but rather they were able to accumulate such number by buying consistently and gradually, and today they rank the top. Hence, what Microstrategy did, any other company can also do the same, but if only they are disciplined enough to have a long term investment plan and stick to it, most especially now that the price of Bitcoin is said to be correcting around $60k to $70k, as it's predicted Bitcoin is likely to skyrocket higher to even $100k to $150k) starting with breaking through the previous ATH, then during a correction like this time it can be used as a reference to look for areas to buy bitcoin. Indeed, it would be better to buy it in stages in a predetermined area so that there are several scenarios, because we don't know what will happen afterward. But I think we believe that investing in Bitcoin is safe and more and more investors will come |
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As most people say, after the halving the Bitcoin price will rise at the end of this year or the beginning of the year it will reach $100K, and before that happens there will definitely be a decline in the Bitcoin price. And it's possible that the recent low of $58K after a new ATH of $73K is the best time to accumulate more Bitcoin and hold it for the long term.
And as long as the purchase price is below $73K, I think it's still a good time to buy Bitcoin and hold it until the Bitcoin price reaches $100K or more. And what we have to know is that Bitcoin is the best investment for long-term methods with various different ways or strategies to collect it which we don't need to worry about, because it will eventually bounce back.
For me 50K is a safe zone and best time to accumulate more and more just my feeling but Bitcoin cant reach below 20K again in the future. Even bear in the next year I believe Bitcoin can still manage above 30K or around that. And as long as the purchase price is below $73K, I think it's still a good time to buy Bitcoin and hold it. CORRECTTTTTTT. Now Country like El-Salvador are buying 1 Bitcoin each day Micro Stategy and other companies are buying heck even the ETF is buying more so LFG technically, bitcoin analysis has penetrated the previous ATH and formed a new ATH, and after that it experienced a correction, I think after this there will be a significant spike, but we don't know how long and at what price the correction will occur, I think the Fibo range is between 38 to with 61 being the golden area to buy it |
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Saving is definitely a good thing to do. Because from here on can be used as a shield against the coming bad times at any time. Although it is not possible to acquire great wealth through savings. But because of that, I can't advise you to hoard all your achievements. Because if you can invest some part of your savings in crypto currency then there is a strong possibility of getting high returns from here. So I don't think any part of the opportunity should be kept unused where there is an opportunity. But in this case, investment should be done in profitable areas by observing the past investment picture, otherwise one has to face serious risk.
You mean something like emergency fund, right? You have a point, That's the purpose of savings in our life but I suggest, if you have spare money and you want to put it in something worth it, you should invest it in crypto, but make sure that you are fully aware how does it works and do some research first, do not believe what you heared to others, it's better to have your own research and do it on your own. Anyone can save there money on stable coin but not there full life earning money. they can keep there 15-20% of savings money on stable coin and rest 80% on another assets like land, gold etc.because we can't 100% trust any crypto coins. we saw UST crashed. it was also a hyped stable coin and many investors and holders loss there big amount of money by this. so no one should keep there 100% of earnings/saving s on cryptocurrency. Savings diversification is also necessary to minimize risk. There are no guarantees when we invest, but we can minimize the risk. On the other hand, when investing, we also have to think about saving to guard against unexpected things, and that is the first order of business before setting aside to invest. therefore many people who are greedy actually invest completely, but in the end because there is an urgent need to take from that investment, that is the wrong thing |
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I don't understand why people like to put all their money into highly volatile investments like bitcoin and think it's good, while they always say they don't see bitcoin as a get-rich-quick tool.
I get that people see the potential for Bitcoin to blow up and make them a crapload of money. No doubt about it, cryptocurrency values can explode overnight. But that knife cuts both ways - what goes up can come crashing down just as fast. So while I understand the appeal of trying to hit it big, I don't understand the folks who cash out their entire savings or take out a second mortgage to buy Bitcoin and that just seems beyond risky to me. My point is, nothing in investing is guaranteed. So going all-in is like betting your whole paycheck on the roulette wheel. Not exactly a sound financial move, right? therefore the need for good financial management. we have to prepare savings in the form of fiat money to anticipate unexpected needs, and on the other hand we have to prepare savings for investment so that our money grows and of course the risk has a small impact because we have prepared for unexpected needs, and if our plan is successful in investing, then welfare is increasing. This is done because it is related to inflation, so we have to be smart in managing finances |
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Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done
please your advice will be of help
It's natural for people to be more wise and proper in budgeting money especially if it's just the right income, unlike other people who when their income increases, they also increase their expenses instead of focusing the money on investment and savings. It depends on the situation how you can save even if you only have one source of income, try to be frugal and try the budget planning strategy that writes all bills and expenses in a planner to make it easier for you to manage your salary. it worked for me so try it and maybe it will have an effect on you too. I find it easier to budget now because of the help of that strategy. Therefore we must be able to differentiate between wants and needs. It is natural that our needs will increase along with our income, because humans cannot be separated from desires. but we have to be clever at managing our salary so that we don't suffer in old age. Nowadays many people follow a hedonistic lifestyle, until they end up in debt and end up living miserable lives, before they even reach old age, hopefully this can be a lesson for us |
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I agree because buying necessities and everything now requires money.
even to become an engineer as you said you have to go to school and pay with money. maybe some people can get scholarships but the comparison is too far, that's why people who learn about money will have a more prosperous life.
Of course people who study courses like Economics and Business or those courses related to finance have a better shot when it comes to money, however, just because they studied it doesn’t mean anything is guaranteed (that they’ll know how to manage money or whatever). I think that the government needs to take it more seriously and enforce that such topics are taught from an early stage of school because I think it can take out a decent percentage of poverty. Basically, it ultimately comes down to finance. But to get good family finances, there are many paths to take according to each individual's interests. Of course we have to be able to become a field that is done professionally, not just finance, but humans are basically social creatures who need each other, so any field can certainly make a lot of money as long as we are professional. |
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The crypto currency doesn’t have a red carpet welcome when it enter the market.The bitcoin itself doesn’t have huge investors at the beginning,after the survival for certain period of time.The bitcoin had build their own trust among the users,the biggest reason is the Bitcoin was the decentralised cryptocurrency.So no one had control over the price of bitcoin,only the market demands define the price of bitcoin.When the bitcoin had huge demand we can able to get into the bull run,as we recently get into the 51k mark on the Bitcoin price.
Now the bitcoin and most of the cryptocurrency had huge trust by the people around the world.This was the biggest reason for bitcoin demand was increasing with the period of time.The bitcoin already crossed the decade of survival,So this was the biggest change in the current economy.Many people from the various countries use the bitcoin and cryptocurrency in some way either for the investment or for holding their assets in the digital form.This was the reason behind the government of various countries try to regulate to control the money flow in the market.
Bitcoin has indeed gained more trust than before, and I, like many others, have benefited from cryptocurrencies like it. However, the inherent volatility of cryptocurrency can lead to significant profits for some, while also causing others to lose everything. Those who experience sudden windfalls are naturally inclined to spend them, ultimately contributing to the economy. Nevertheless, the use of cryptocurrency for everyday transactions remains limited, and its high price volatility discourages widespread trust. Therefore, it is necessary to know about Bitcoin, with its high volatility, this can actually be an opportunity to make a profit, but for those who don't understand it, of course they will be psychologically disturbed and they won't even be able to sleep soundly. Bitcoin has changed the lives of many people and this is what makes many people imitate it, and of course not everyone is successful as expected |
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I think all bitcoin investors needs to take a leaf and learn from Bukele's firmness and resolve to HODLing even under strong press, criticism from the so-called experts. Today everyone is praising him for for holding firm.
Remember this; bitcoin will always silent the critics, our role is to just hold patiently strong.
I think everyone knows that bitcoin always has a moment where the price will go up, learning not only from Bukela but from looking at the history of the cycle of how it happened and this will certainly continue to repeat itself today. HODL is the best way to make a profit and silence those who criticize us for investing in bitcoin, but I know in the end those who criticize it will be silent and regret why not put their money in bitcoin. All obstacles in HODL bitcoin are not easy, you will be presented with a lot of negative news when the price drops, but when you are strong and patient in dealing with it all especially having experience then of course it will be better to stay afloat. The roller coaster ride and the volatility factor are actually the major factors why a lot of people are into this market. However, they are also the reason why a lot of people are in panic mode once they are seeing the price is going down. But if you are seriously here in this market, you will learn the ropes and understand how you can take advantage of the market. That's why we need knowledge about Bitcoin, because high volatility can benefit us or vice versa. remember that whoever can take advantage of the moment will be the winner, and of course managing psychology is not easy, considering that there will be many obstacles that must be faced, this happens not only during the bearish season, but also during the bullish season, which is our greed tested |
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I remember that day perfectly. I was quite unhappy with my health and financial instability. After multiple successful and unsuccessful surgeries, I found myself reliant on a wheelchair.
Thank you, Satoshi!
Thanks, it's a truly inspiring story. It proves that Bitcoin is for everyone - it doesn't matter what ethnicity, social status, skin color etc you are. If you are patient enough and make clever investment decisions you will succeed even with modest investment. Thanks, Satoshi, thanks, Bitcoin! correct ,now this is one strong proof of how Bitcoin connecting all people in the world from normal to not so normal , from every ethnic/tribes/nations because of how helping this is for everyone. I myself will be thankful to Bitcoin and of course Satoshi Nakamoto for everything but best given into our life. Indeed, Bitcoin brings a lot of pleasant news here, the same as for me, knowing that Bitcoin can make dreams come true that have seemed impossible to carry out. but in fact around 2017 I earned a lot of money, until then I was able to have a private house, a success that made me proud, because at that time I was not married, and could make my dreams come true and of course make my parents happy, even though now it's not as much as in the past, but until now it can support the family's economy |
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You can't ask for compensation from your government if you lose a fiat bank note. If your lost bank note is somehow destroyed, the government even can't reissue that bank note. So how do you expect compensation from a decentralised currency? There is no way to reissue. If you lose Bitcoin, then that will be considered a community donation. Because lost Bitcoin reduces circulation from the total circulation supply, It means increasing the demand, though it is very small. I wish no one lost their bitcoin, because it's irreversible anyway.
We really have to be careful in looking after our bitcoins, because losing them means we won't be able to find them again, so by donating to the community the supply of bitcoins will decrease in the field, and that means they will become increasingly scarce, so if demand increases this will increase the price of bitcoins. continues to increase, of course it will be a blessing for other bitcoin investors |
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HODL is the best strategy for anyone who wants to sleep soundly with ongoing investments.
I agree. I am better with holding and there's no need for me to check all the charts all day long and I don't have to run so fast as if I'm in a marathon trying to catch my breathe because I am on a leverage. It's better to get into the spot whether you trade or hold. But if you're firm believer of long term holding, then obviously that it's always been the best idea to hold to your wallet. Indeed, this is a safe way to make a profit, but each person's conditions will be different, just like people who have a lot of free time can do daily trading, but we must have good skills in trading, apart from studying, we must enrich our experience. to perfect our trading style so that it can be used as a daily job. It's not easy to reach a pro trader, but it's not impossible for those who are willing to try |
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For me it simplifies a lot  - Target BTC $150000 - Target ETH $12000 Investment capital for - BTC: 60% - ETH: 20% - Other And of course these things are feasible for me, but may be a dream for others, please understand that our investment strategies are not the same. And even if it doesn't go according to plan on the timeline, that will still be the target that I will take profit. My strategy for the bull run is similar to yours, my focus is from the top and most reputable, then down the hierarchy chain, this is because despite the hypes and potentials of making profits on the short term in most altcoins, I like to minimize my risks and stick to the trusted coins in this bull season. My arrangement is Bitcoin: %80 Ethereum: 20 These are the two main focus for me in the bull run, Bitcoin investment in this bull run is a guarantee to give you over %100 returns on your investment, assuming you start hodling from today. Ethereum, is second to Bitcoin, and I'm putting my money in it, because I'm positive that it'll experience massive pump too in this bull season. Yep, that is a strategy that you and I probably understand that in terms of profit it will not be equal to other options but perhaps the main factor why we choose it is to accept the risk and balance use it to make decisions. I am not trying to advise financial investment, because in reality, market awareness, financial capacity, strategy,... have a major influence on the goals we aim for. So as long as we feel okay, let's act confidently, because I understand that absolute perfection is very difficult. For me, investment diversification should be balanced from the smallest to the largest risk level, so if it's just Bitcoin and Ethereum, I think it's still not enough, maybe we can add potential new altcoins with a small capital value, so that if we're lucky it can increase up to 100x, and Of course, this sharpens our analysis of potential projects. On the other hand, we can slightly reduce the portion of Bitcoin investment to engage in speculation |
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Last year i only bet on altcoins which i consider more or less safe more precisely eth, bnb and matic as well as obviously btc i believe that this year too i will continue the same strategy
These are some top project in the market that can be considered safe to invest even in a bear market. The most rewardable ones were those low cap project that were building in the whole bear market. These project saw massive rally when the market starting to recover. Some of the ptoject like AKT, OCEAN are some example of such a project. but we should also think about placing investments in safer altcoins such as eth, bnb, and also matic, and others of course with a greater level of risk, we can reduce the amount of capital, so that if something bad happens it doesn't disrupt security stability. our capital. On the other hand, by investing in altcoins that have low capitalization, we have the opportunity to win many times the profit, but for me, capital security is the main thing. |
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Investing in Altcoins had been what so many invested have been looking at these period. Believing that bitcoin's bull run will surely influence the price of the altcoins and hive them massive gains. Literally if bitcoin rises altcoins follow suit but this is the only reason i see that makes potential investors to invest in Bitcoin. There is no other interest as they feel its unsafe to store value or wealth, cant be used for p2p transactions and it cant be trusted to hodl for long. If you think there is any other reasons that makes investors put their money in altcoins feel free to share. I would love to know.
Bitcoin is good to invest solo but some traders don't have so much money to Invest because investing in Bitcoin is valuable when the investment amount is high otherwise it'll be time waste to hold on for so long and get a very little profit on that.Thats why daily trading options leaves us with investing in altcoins where market research and good strategy can give us daily profits instead of waiting for too long. Undoubtedly Bitcoin is good and also safe investment than altcoins, It’s a high expensive coin so mostly people not interested to buying it, because profit will be low and time consuming, so that they're going to invest in altcoins to get early profit, but altcoins is quite risky and also high profits. But i think Bitcoin is the best to long term holding. Bitcoin is a good choice if long term holding is concerned but it's never a good choice if you're a day trader and you depend on trading from an earning point of view. Bitcoins give you profits after investing a huge amount in it and it also requires a lot of patience to have a successful trade. While daily traders neither have a lot of money to Invest nor they have so much patience because their daily life depends upon their profits so the alternative is altcoins. Traders should get the top skills to judge a coin and its market value as well as its capability to perform well.High skills means high profits. Both altcoins and bitcoin have their respective advantages and disadvantages, therefore we should be wise in investing in them. It is true that if we invest in Bitcoin, the level of security is higher, but the profit percentage is smaller, so large capital is needed to be able to make large profits in nominal terms. This is in contrast to investing in altcoins where the risk is greater but has a greater percentage of profit too. |
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i got unbelievable profit from altcoin but which was not any popular or top cryptocurrency in the market, it's random coin even it was not listed in coinmakrketcap and was not listed in the big exchanges, in mtcn (multiven) i deposited 30$+ but i got returned over thousand of dollars, it was unexpected.
That is altcoin for you , if you are lucky you can gain good profit from some altcoins that are not even a popular one, but at the same time if you are not lucky too you can still end up with altcoin that you can lose all your money. It is important to make research about altcoins to be invested, this will help to reduce the risk of losing money to scam coins because their lots of fake projects in the market. People do t need to rush to invest instead to make research to know what to invest on. It is very risky for those who don't have the knowledge to analyze, indeed unknown coins can make us rich instantly, but if not then we will lose our capital. in investing the most important thing is capital security, and actions like this can be done as speculation, if you lose then it also doesn't disrupt our finances globally, therefore use a small percentage of capital to do it, because many coins like this end up becoming ashes |
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Indeed you where correct, now it's obvious no where is safe for the safe keeping of your cryptocurrency. Hackers are becoming more smart and fast, most especially this period, but that doesn't mean we should avoid the use of hardware wallets. They are still the best and the safest for now until a more top secure wallet is built beside, ledger claims that the attack was not centered on hardware wallet but on the Dapps who used ledgers connectkit. Tether have already frozen the account of the hacker while $254k was still found in the hacker wallet address, so it's possible it might be reversed back to ledger, ledger are looking forward to make a more secure upgrade, so let's keep our hopes high that such aren't gonna happen again.
That's why we need to focus on our wallets if there's a links then passed by other people then we should don't open it. And also we must don't give our private informations about our wallet's, cause nowadays scammers fo their very best to scam people cause through scams they can earn a lot of money, so we every individual must stay safe and also our money will safe from the scammers. So it better to double our security. it would be useless if we couldn't secure our wallet from hacking, this often happens because we are focused on price movements. On the other hand, various interesting link titles sometimes attract us to open them and follow the instructions and finally hacking occurs. Therefore, the most important thing is that we have to be careful of various modes that lead to hacking, because that is basic knowledge in investing |
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I invest in the both of coins, Ethereum is the top altcoin in the market so it could be favorite to everyone, If BTC is the most expensive coin so comparatively if you can invest in ETH then your profit will be more than high from BTC investment. It's annoying to use ETH because it's high transaction fees.
I don't think it's like that, it's not the price that influences how much profit you get but rather the percentage increase in price or how much the price increases. If low prices make you get bigger profits, why don't you choose altcoins with very low prices like Shiba or Doge? Both are very worthy of being an investment option, if we consider Ethereum's expensive gas fee line, of course if the increase is more profitable I don't think it will be a significant problem. on the other hand, the increase in ethereum will usually be greater than bitcoin, and that is why many people usually choose ethereum after bitcoin in long-term investing, It will be different if we choose altcoins, even though they have bigger increases, but the risk level is also higher |
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