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Peanutswar
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November 21, 2024, 03:51:00 PM
 #61

Even though theres no election yet you can buy bitcoin as you can see after the price of the bitcoin soars high many people now back again with cryptocurrency because of potential of the bitcoin again, now if you manage to make a DCA through out the bitcoin on its lowest price imagine the percentage of profit you will get right now.
There are tons of newbies again right now asking the same question: "Is it time to buy now?" or "Is it okay or good to buy now?" which is common after they see the status of Bitcoin. Currently, it seems we are at the top so I guess wait for the retracement of the market if they will attempt to make a new ATH again or if this is the last time we've seen the bitcoin tried to reach the top.

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JunaidAzizi
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November 21, 2024, 04:48:05 PM
 #62

The US election plays a remarkable role in the price of Bitcoin, where Trump won the presidential election. BTC has already set a new ATH, and now the price is changing up and down with sentiments. We will soon see BTC hitting the 100k price. The thing is, this price increase is only because of Trump winning and his sentiments providing a more suitable environment for crypto. Soon, he will launch his financial reforms, and there will be some reforms related to crypto, from which we will see the upward movement for BTC. Now, for the newbies, a small dip in BTC is a strategic point for them to enter into Bitcoin with a handsome amount, and they will get double or triple that when Bitcoin goes beyond 100k.

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Ojima-ojo
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November 21, 2024, 06:10:08 PM
 #63

For me this is a bad time to make a Bitcoin purchase mostly if you are looking at holding the Bitcoin for a short period of time, because at some point, Bitcoin has come a long way and has made several all-time high prices in this period so at the moment Bitcoin is at it high price and the ability to accumulate more bits is limited because of Bitcoin current high price, so for that, holding on for a while to see if there will be possible correction backward, it be better for everyone.


Unless you are going to hold your Bitcoin for a very long period, let's say for the next two years or more to come, that way you have accumulated a lot of time and also made several Price upward movements above Bitcoin's current bought price.

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November 21, 2024, 08:56:30 PM
Merited by fillippone (1)
 #64

You shouldn't encourage beginners to buy at an ATH, Bitcoin is a very volatile and risky asset actually. Nobody knows if trump will respect what he said during his campaign in addition, so Bitcoin could stay at this level during a long time as long as people hope pro-crypto measures to take place and then decreases and dips when they will start to lose hope or it can even drop overnight if some bad news or anything else happen. I don't think Bitcoin is an asset meant for beginners, even when it is a more normal leval, so beginning with Bitcoin at its ATH, doesn't seem to be a good advice actually.
No way you just said Bitcoin is a very risky asset just no way, when you're taking about crypto assets that got very high risk you should be referring to shitcoins and not Bitcoin, you'll only lose in Bitcoin when you're using wrong strategies to accumulate it, like trading or gambling with Bitcoin to get more Bitcoins.
 From what I've learnt so far, I think Bitcoin is the safest asset anyone could think of investing on, all you need to do is to buy and hold for a longer period, moreover it's volatility is not a very big deal so far you invest consistently and use good strategies for instance the dca to help recover lose.
 Also, so far a beginners have learnt the features of Bitcoin and understand it very well then no laws hold them from investing on it, all they just need is thinking long-term and buying continuesly to add to their holdings, it doesn't matter whether they start now or not the goal should be holding for longer period and buying continuesly.

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November 21, 2024, 09:13:26 PM
 #65

You shouldn't encourage beginners to buy at an ATH, Bitcoin is a very volatile and risky asset actually. Nobody knows if trump will respect what he said during his campaign in addition, so Bitcoin could stay at this level during a long time as long as people hope pro-crypto measures to take place and then decreases and dips when they will start to lose hope or it can even drop overnight if some bad news or anything else happen. I don't think Bitcoin is an asset meant for beginners, even when it is a more normal leval, so beginning with Bitcoin at its ATH, doesn't seem to be a good advice actually.
No way you just said Bitcoin is a very risky asset just no way, when you're taking about crypto assets that got very high risk you should be referring to shitcoins and not Bitcoin, you'll only lose in Bitcoin when you're using wrong strategies to accumulate it, like trading or gambling with Bitcoin to get more Bitcoins.
 From what I've learnt so far, I think Bitcoin is the safest asset anyone could think of investing on, all you need to do is to buy and hold for a longer period, moreover it's volatility is not a very big deal so far you invest consistently and use good strategies for instance the dca to help recover lose.
 Also, so far a beginners have learnt the features of Bitcoin and understand it very well then no laws hold them from investing on it, all they just need is thinking long-term and buying continuesly to add to their holdings, it doesn't matter whether they start now or not the goal should be holding for longer period and buying continuesly.
Among all the cryptocurrencies, Bitcoin is the safest with less risk. It also have a lot of risk invove, but holding Bitcoin is the best form investment in the whole world not just in crypto space because it is only Bitcoin that will give you financial freedom, profit, and still save you from inflation. Holding Bitcoin for very long time is the best form of investment because if you looked at how Bitcoin start back then in 2009 till date, you can see the progress, and how much people that are still holding Bitcoin has made from the investment.
Altcoi can actualy give some quick profit, but it is very risky because just as it can give you good profit, it can as well drag you back tio squre one by given you a huge lost. However, to be safe in the crypto space, invest in Bitcoin.

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GeorgeJohn
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November 21, 2024, 11:01:23 PM
 #66

The US election plays a remarkable role in the price of Bitcoin, where Trump won the presidential election. BTC has already set a new ATH, and now the price is changing up and down with sentiments. We will soon see BTC hitting the 100k price. The thing is, this price increase is only because of Trump winning and his sentiments providing a more suitable environment for crypto. Soon, he will launch his financial reforms, and there will be some reforms related to crypto, from which we will see the upward movement for BTC. Now, for the newbies, a small dip in BTC is a strategic point for them to enter into Bitcoin with a handsome amount, and they will get double or triple that when Bitcoin goes beyond 100k.
I will agree with you that this is one of the things that is pushing the price of Bitcoin to increase higher because since Donald Trump emerge as a winner of the election the price or Bitcoin has been accelerating high in the price bothering the time of the election the price of Bitcoin was crumbling so nobody lose if the price will increase or not but finally we started experiencing a positive change or the price.

Another thing is that bitcoin price is unpredictable I did not one can predict or assume the price of Bitcoin it may be that this price everyone is happy for it to reach to this amount can drastically fall down tomorrow based on my letter information because I understand that it is because of information in cryptocurrency that Rises the price of Bitcoin and the any other cryptocurrency, I'm not surprised by saying a price of Bitcoin to this certain level because Donald Trump Bitcoin and drain his campaign he use it and the campaign that he will embrace a bitcoin and I think that's one of the elements that makes bitcoin to get increased.

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