Considerations before buying BTC

[ToyotaFortuner]

What is the metrics that you take into account before investing in BTC? Do you think about how much it has been rising, what is news is coming up, and your personal belief in crypto?

I only think about the benefits I get when investing in bitcoin, I believe investing in bitcoin is a good thing and beneficial nowadays because bitcoin availability and bitcoin demand are getting limited.

[1715315889]

1715315889

[1715315889]

1715315889

[1715315889]

1715315889

[1715315889]

1715315889

[audrey12]

Since bitcoin value is very unpredictable I take this into consideration before investing. I tried to look into the price graph of bitcoin and study the market my technique is this when the price of bitcoin goes down on atleast 5% or above gap from its current price I will invest because surely even not so high I can have an income. But proper timing for selling bitcoin needs also to consider like me I take time checking bitcoin value time to time so I can get the reasonable value for me to sell.

[ivrynx]

whenever a friend of mine is interested in buying bitcoins, the first thing i tell them is to get a wallet first, they need to make sure that their investment will be safe, if they are planning to invest just a small amount, i advise them to try online wallets first since is has 2FA already, however if they are planning to start with a huge amount, it is advisable to get an offline wallet, and make sure that their keys are safe. i also advise them to download an antivirus to just to be safe from malwares or spywares that may try to take their account. in the case for investing on bitcoins, i suggest them to keep on studying and learning about investing, since no one can actually predict what will be the price by tomorrow and to be aware of the current events, since bitcoin is global, they need to keep up with the times.

[19mlmendoza82]

good day... is it ok and safe just not to consider the price of the bitcoin... just to buy and hold?

[jseverson]

This would depend upon the person, and the amount they're investing. I personally only put in a small initial investment, so I honestly had no considerations. It was money I was willing to part with, so I have already considered it as such. I didn't have any consideration for my next purchases either, but that may be because I feel like I know the market enough.

For people who are planning on putting a massive portion of their net worth though, I'm sure they're considering everything, up to the technical aspects for a better outlook on Bitcoin's future.

[athanz88]

There are so many things to consider, i will make a list for you.
1. Safety and security. If you already know how to gives some security to your wallet and make it more secure, you may invest in bitcoin in a large amount. Because we dont want our big investment disappears without any profit from it.
2. Price when you want to buy. It is really a big things to consider, but nowadays people will only buy bitcoin no matter the price, because bitcoin price increases a lot, people make profit anyway. But bitcoins has its down too, so make sure you are ready ant not panic when its happen.
3. Money you have. Lets be honest, bitcoin is indeed a profitable investment, but every no investment is free of risk. I myself, suggesting me and others, to only invest what you can afford to lose. If you go all in and it makes profit, then it will be great for you, but if something happen like wallet hacked or anything else, it will backfire you so hard.

That is what i think about things people must consider before buying bitcoin, but remember, it is only my opinion, you can take it or leave it. Good luck

[PointHope]

Since bitcoin value is very unpredictable I take this into consideration before investing. I tried to look into the price graph of bitcoin and study the market my technique is this when the price of bitcoin goes down on atleast 5% or above gap from its current price I will invest because surely even not so high I can have an income. But proper timing for selling bitcoin needs also to consider like me I take time checking bitcoin value time to time so I can get the reasonable value for me to sell.

Actually bitcoin is becoming very predictable. You dont need to be a rocket scientist to observe the trend.

The other solid coins are going to the moon along with BTC..

Dont forget to buy some food also... .

[traderethereum]

What is the metrics that you take into account before investing in BTC? Do you think about how much it has been rising, what is news is coming up, and your personal belief in crypto?

i don't use any metrics before investing in btc and i only see what is happen in the market and if the trends is going down then i will prepare to buy bitcoin at lower price. the bitcoin price is always rising after its down so i don't have to worried if the price is down and i only waiting the bottom price so i can buy bitcoin again. actually i don't too believe with the news and i only read for my knowledge and i only believe for what i see in the market and i believe with the crypto currency that have a good chance to be another financial solution to every people.

[darkangel11]

You have a point on that. Because if you look at it at short-term basis and you're monitoring the trend every minute or every hour, you will go crazy.
Because once the BTC drops a lil bit, you will feel that you lost something that you should have sold it earlier.
And also, don't rely entirely with your BTC investments, like you put all of your life savings into this.
Because if something goes awry, at least you will not regret for the rest of your life.

I've been there in 2015 when I tried trading and got into a really bad time for BTC. I ended up worrying myself into a flu once Really the price was so bad that I stayed up very long watching charts in a bad mood and woke up sick the next day. Another proof that your mental state directly affects your physics.

That is great you have not sold and I hope you do not sell it all once it reaches a million because it can go further then I thnk instead of people selling they should buy with bitcoin, if everyone is looking at this as just to dump, then yeah I will be expecting a pop the bubble on the bitcoin charts.

At some point I will have to sell it. It may take 10 years before it reaches 1 million, or it may not happen at all. Honestly, I'd prefer to spend it. Hopefully Amazon starts accepting it at some point, as all the best stores that do are in the US right now and I'm not going to pay 50$ for shipping and customs every time...

[bitart]

If you want to buy bitcoin now, you should decide if you want to buy before this fork or after. If you buy before this fork, you will buy at a higher price (and you will get some alts too from the forked coin), but after there will be a correction in price (possibly). If you buy after the fork, you won't have alts to sell, but you can buy at a discounted price (possibly). This is what you should consider now.

[Eternu]

When dealing with any kind of cryptocurrency, there are few things that you need to have in mind before buying. But I think that Bitcoin is most stable one, so there is nothing much to worry about it. Fist when I think of buying crypto I want to be sure that it will last long enough, but in crypto world that is sometime hard to tell. Second thing that is important is opinion of other people. And last but not least is rate of price rising and falling. Of course there are few more things, but I think this is the most important ones. When dealing with Bitcoin people should not have fear of Bitcoin not lasting, because Bitcoin will last long time.

[Ailmand]

What is the metrics that you take into account before investing in BTC? Do you think about how much it has been rising, what is news is coming up, and your personal belief in crypto?

I didn't do any of these things. The only thing that comes to mind when investing in BTC is whether you want to make money or not. If the answer to that question is yes, then you buy Bitcoin as soon as possible because you don't really know what the price is going to do in this highly unpredictable market.

And it was the right call after all. The money you will make by waiting for a potential dip which may not even happen is negligible to the amount you will make by just buying at any time and holding.

I think the best consideration would be its buying price. While some consider it's selling value, it would be best to consider how much you could buy it so that you would have a view of how much would your target be to trade or exchange it. Being a volatile currency,  you also need to consider so many other factors, though.

[harizen]

What is the metrics that you take into account before investing in BTC? Do you think about how much it has been rising, what is news is coming up, and your personal belief in crypto?

-Goal for long term
-Accept the worst thing that will happened. Big risks but worth to try.

Waiting for a target like waiting for a price dip before buying can wrecked trader's strategy or plan. In most of the cases, some people who are waiting for more price decrease is still stuck now at waiting resulting now for so much regret that they doubt to entered. One good example is the big price dip months ago back to around $3,000 from close to $5,000. Average bitcoiners thinks they need to wait more before entering and now look at what happened? The price continous to climb until today.

If anyone wants to enter bitcoin investment, then have the guts to buy at any price rate. Like I said, goal for LONG TERM.

[Reatim]

What is the metrics that you take into account before investing in BTC? Do you think about how much it has been rising, what is news is coming up, and your personal belief in crypto?

I just look if the price of bitcoin is in dip before buying it.  And I don't know what you mean by metrics. As long as the price is low or at a discounted price, then its a good buying point. Well you can still buy even if the price is rising, however to maximize your profits, you need to wait till the price drop before you buy it. Any positive news will come up later, most important thing is that you have to always get it when the price is cheap.

[Hermes Mercury]

In my opinion, planning comes first, then the investment and of course analyze the chart and do other types of analysis.

[erickkyut]

The things that I considered before I bought my Bitcoin.

1. The amount of money that I can afford to lose. Bitcoin profit is not guaranteed. It has high risks. Therefore, before I bought it, I took into consideration the amount of money that I can afford to lose if everything goes wrong.

2. How would I grow my Bitcoin? My plans in Bitcoin. Will I just HODL it and wait for years before I sell it or should I do trading for faster way of earning?

3. The current Bitcoin price. Is it the right time to buy Bitcoin or I should I wait for the price drop? Bitcoin market is very volatile. You'll never know if the price will rise or will drop.

These are the things that I considered before I bought my Bitcoin.

[Cranidos]

What is the metrics that you take into account before investing in BTC? Do you think about how much it has been rising, what is news is coming up, and your personal belief in crypto?

If Bitcoin is the point of interest in investing, no further research is needed before investing. If you want to buy some, just take a look at the price. If the price is low enough then buy some. But if you consider yourself as a long time investor, 1 or more years holding time, then any entry point is good. Buying on dips are still the best, though.

[susuberuang]

What is the metrics that you take into account before investing in BTC? Do you think about how much it has been rising, what is news is coming up, and your personal belief in crypto?

I do not really consider buying bitcoin because I believe bitcoin will always go up because bitcoin will keep going up, bitcoin is small and market demand is very high cause bitcoin price is more expensive.

[Jonsnowstark]

What is the metrics that you take into account before investing in BTC? Do you think about how much it has been rising, what is news is coming up, and your personal belief in crypto?

What i take into account in buying, not only btc but all other alts is of course the movement. Someyimes the coins value flucfuates and that's normal. But when you compare it from what their value was when it was launched from the current value, if you see a big increase then that coin is worth investing. With bitcoin what i do is invest when its at a lower value and hold it. News really for me has little or no effect at all for my judging if i will invest or not.

[sandaru]

No matter when you buy bitcoin as it's always growing day by day. But if you invest in bitcoin when there is a correction in the market, you can get more profit.