All times are good to enter crypto - Tim Draper

[cybersofts]

All times are good to enter the cryptocurrency market. - Tim Draper
Do you agree with this guy? All I know is Mr. Draper is a billionaire, huge bitcoin bull and a venture capitalist.
I kinda agree with him when I look at the bitcoin inform of investment vehicle for long-term, not just hit and run kind of investment.
What y'all got to say about this?

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[Dimon8]

I agree with him 100%. No matter when you enter the crypto market, it is important how you manage your investment portfolio.

[o_e_l_e_o]

The answer to a question like this depends entirely on the timeframe of your outlook and investment.

If you are looking for a get-rich-quick scheme, crypto is not it. You might be lucky to jump on the one random ICO during the next bullrun that happens to go x100 and cash out near the top, but for every person that manages that, there will be thousands more that lose their money on some scam.

If you are day trading, then no, all times are not good to enter. I'm not a trader by any means, but I know enough to know you don't just randomly enter the market at any time you like and hope for the best.

If we are talking about the utility and adoption of bitcoin, then yes, any time is good to enter the market. If you believe, like most people here do, that bitcoin adoption will continue to grow and it will become a worldwide currency, then the price you enter at now will be largely irrelevant in 10/20/30 years' time. If we look at just 5 years ago at 2013 for example - even if you entered at the all time high, you would still be sitting around 200-300% up in 5 years, which is far FAR more than any traditional investment would earn you.

[bayu7adi]

I never trust anyone I don't know, if indeed every time is the right time to invest in cryptocurrency, then why does the cryptocurrency go down? means that someone is selling the cryptocurrency, including now. as long as there is a buy process, there must also be a sell process. well, the behavior of people who sell this, is a behavior that we must consider, why should they sell? do they not trust cryptocurrency anymore?

[figmentofmyass]

All times are good to enter the cryptocurrency market. - Tim Draper
Do you agree with this guy? All I know is Mr. Draper is a billionaire, huge bitcoin bull and a venture capitalist.
I kinda agree with him when I look at the bitcoin inform of investment vehicle for long-term, not just hit and run kind of investment.
What y'all got to say about this?

as long as the long term price trend is heading up, i agree with him.

due to the bitcoin supply rapidly being mined out and because of the rapid nature of technology adoption, time is of the essence, which is why he makes a good point. the largest gains will occur early on---in the later adoption phases, the market will be more saturated and there will be less opportunity to profit from the adoption of cryptocurrencies.

[mrcash02]

I never trust anyone I don't know, if indeed every time is the right time to invest in cryptocurrency, then why does the cryptocurrency go down? means that someone is selling the cryptocurrency, including now. as long as there is a buy process, there must also be a sell process. well, the behavior of people who sell this, is a behavior that we must consider, why should they sell? do they not trust cryptocurrency anymore?

Maybe they just want to feed the pessimistic feeling in the market and lead others to sell their coins too, so they can buy it again later, cheaper, accumulating more coins than they had before. At this time it's not about trusting or distrusting Crypto anymore, it came to stay and that is a fact, however what it will become is a big doubt... Then it opens another possibility: that the market is falling because regulations could be hurting investors.

[sunsilk]

I like Tim Draper as one of the most bullish person in the crypto world. He's been a defender when the market isn't so good for us and gives encouraging words.

I agree with him that all times are good moment to enter regardless of its status. He is long with bitcoin and that's exactly what he's telling us. No matter how much the price of bitcoin or any crypto you wanted to buy, he wants to tell us that go long term on it.

[Kakmakr]

Tim's statement is very applicable at the current moment, because the price has not been this low, since September 2017. 

If you missed out last year on buying bitcoins when the price was low, then you are getting a new opportunity now to buy at a very low price. We always say, buy LOW and sell HIGH, but nobody listen to us. They do listen to the sceptics and the trolls and they panic too quickly and then they want to come back here and complain to the people who gave them good advice.

Tim is one of the people who are heavily invested into Bitcoin, so he has to be optimistic about the future of this project. We have also spend a lot of time and money on Bitcoin and are probably biased when it comes to our views and opinions on Bitcoin's future. 

[davis196]

We should refer to this statement every time some newbies post "is this the right time tom buy btc?".Usually this is the most spammed question around the bitcointalk forum.
However not all crypto are created equal.Some noobs might think that ICO tokens are crypto and fall into those scams.

[jseverson]

I never trust anyone I don't know, if indeed every time is the right time to invest in cryptocurrency, then why does the cryptocurrency go down?

Well not everyone subscribes to this line of thinking, for one. But yeah, the rationale behind this mentality is that Bitcoin is still in its infancy stage. It doesn't matter if you bought at $19k or $4k; you're still considered an early adopter when mass adoption could easily push up its market value to 6-digit figures.

It all boils down to whether or not you believe crypto can reach that mass adoption stage.

[TheBlock]

All times are good, but the valuable thing here is the tech we get from bitcoin, everytime improvments are made the price goes up, I believe there is still much for us to learn from all cryptos.

[wuvdoll]

I specifically said this exact same thing any time bitcoin went down but nobody really cared and even many people don't care about Tim Draper neither. I mean this is not some really smart over the top reaction. It is quite understandable that bitcoin will be really valuable in the future. The more people who would like to be in bitcoin world the less share each person will have in it.

There is 21 million bitcoin even at the last one mined and considering there won't be anymore, there will be a shortage of bitcoin and that would cause the prices to go up. It is simple supply demand mentality and years do not really hurt bitcoin, no matter how much the price drops the fact that more and more people get into bitcoin stays. That is why there is no wrong price to get bitcoin at all.

[randythered]

Saying that all times are good is quite a narrowminded approach. They may be 'good' in the sense that in some years time you'll profit but that doesn't make it good at this current time. For example someone buying at $10k earlier this year might profit 100% if the ATH returns in a few years time. But if they had been patient and waited until the current price they could've profited around 600%. Or an a $10k investment a profit of $56k compared to $10k. I don't see that losing out on a potential $46k is good.

[o_e_l_e_o]

If you missed out last year on buying bitcoins when the price was low, then you are getting a new opportunity now to buy at a very low price. We always say, buy LOW and sell HIGH, but nobody listen to us. They do listen to the sceptics and the trolls and they panic too quickly and then they want to come back here and complain to the people who gave them good advice.

Exactly. We spent the first part of this year with people complaining that the price went up too fast, that they didn't have enough of an opportunity to buy, that they didn't own enough, that they wished the price would fall again so they could buy more. Then, as soon as the price does start falling, the same people panic. Not only do they not buy more like they had wanted to just a couple of months prior, but they also panic sell and declare "bitcoin is dead". And then come the next bull run, some of these people will be back, buying in again at a higher price than they sold at, and lamenting yet again that they missed the low prices.

If you believed in the fundamentals of bitcoin and its potential for mass adoption at $20k, then I don't see why you shouldn't still believe in it now. If there has been some massive technical failure which I am not aware of, please do let me know.

[btcjocan]

All times are good to enter the cryptocurrency market. - Tim Draper
Do you agree with this guy? All I know is Mr. Draper is a billionaire, huge bitcoin bull and a venture capitalist.
I kinda agree with him when I look at the bitcoin inform of investment vehicle for long-term, not just hit and run kind of investment.
What y'all got to say about this?

Yes I do agree with him but investors have different timeframe and profit targets.Some investors wanted to buy and sell bitcoin in a short period of time inorder to profit and other investors prefer for a longterm investments.These just depends on the investors if the rising and falling of bitcoins value are the things that would make them think if they can profit.

[Indamuck]

This is actually good advice, it's nearly impossible to time any market.  Time in the market always beats timing the market.  The best thing to do is just hold for a long time and not check prices everyday.  Most people that try to day trade end up losing money and don't fall for any of these trading group signal scams.

[Pagoda.to]

Even though I think now is a good time to enter crypto since its so cheap I still don't recommend it to someone new, I rather them buy a little amount and learn about the blockchain and tech behind it then focusing solely on the price.

[darkangel020716]

All times are good to enter the cryptocurrency market. - Tim Draper
Do you agree with this guy? All I know is Mr. Draper is a billionaire, huge bitcoin bull and a venture capitalist.
I kinda agree with him when I look at the bitcoin inform of investment vehicle for long-term, not just hit and run kind of investment.
What y'all got to say about this?

I believe on that, because it doesnt matter on how or when you enter crypto because the price of it is unpredictable, but most of investors are normally enter at bear markets so they can buy coins at cheaper price, but you have to be a wiseman like Tim Draper.

[Slow death]

Do you agree with this guy?

I believe in him because there are many people who do daytrade, so he is not talking about something impossible or something from another world, there was always this option to buy at any time and day, everything in this life depends on our own strategy, if have good strategy and good risk management, you can make big profit in this market.

All I know is Mr. Draper is a billionaire, huge bitcoin bull and a venture capitalist.

this is a great advantage that they have because he can buy bitcoin and hold for the next 5 years because he knows that in those 5 years he will not need the money that he is investing in bitcoin

[timerland]

Absolutely not.

All the standard things that you would take into consideration while investing in assets, whether securities, real estate, etc. still apply. While you could enter the bitcoin market last year, I wouldn't say that it's the smartest of all ideas given that the prices were skyrocketing and clearly wasn't sustainable.

There will also come a point where adoption will stagnate, in the future, as the markets mature and prices stabilize. At that time, if you enter the market at a time where markets are overheated, you may be making a loss. IMHO, this is bad advice regarding investing, even if you are holding your BTC long term. You still want to have your entry price as low as possible.