Buy now or wait for Bitcoin?

[AicecreaME]

You shouldn't ask for financial advice here on the forums because people tend to give advice based on their opinion and beliefs regarding the market but If your goal is long term investment as you're saying, then, in my opinion (a lot might disagree), you should accumulate as much as you can, regardless of the current price because no one could predict the price. You should also keep in mind that the halving is going to occur in ~250 days and that would mean less bitcoin in circulation so more people will be buying before that, and the price might not drop as you're expecting.

I agree with you. This kind of decision should have been done with ourselves, we are the one who is going to invest that is why it is we are the one who will decide when to buy bitcoin or wait for a little more because the price might drop even more. It will be confusing because the other half of your self will say to wait and the other one will say buy now or you will regret it later, and the result is always random, sometimes you get the fish and sometimes you missed it.

that is why it is important to think twice before we decide something that is a serious matter since we are talking about money.

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[tenakha]

Hi all,

I want to invest some money in Bitcoin (long term investment)
It's better wait the next fall down (like the situation on December/January), or buy now?
Otherwise fixing a target for example 7000 or 8000 $ and buy in that moment?

Thank you in advance for your suggestion

Unfortunately there has been a sharp decrease in price in the recent days, and it is not guaranteed that it will not continue. The price has slowed down at 8000 levels as we thought and the next move will determine the future price. If the support is broken, it may go down to 6500. I suggest you wait a little more, so you can predict the next behavior of the price.

[perla]

Hi all,

I want to invest some money in Bitcoin (long term investment)
It's better wait the next fall down (like the situation on December/January), or buy now?
Otherwise fixing a target for example 7000 or 8000 $ and buy in that moment?

Thank you in advance for your suggestion

I think for now is good time to buy. Not a perfect time because we don't know where price of bitcoin will go. But every dump for me is a chance to buy more as long i still can do it. And save another money to back up or buy again if down again. Maybe with 7000 or 8000 dolar target is good thing to do to because each people have their own strategy in how to buy bitcoin.

Buying portion by portion of your spare money is much better strategy when you are not sure what the market have to offer, there's no assurance if this will continue to fall or immediately bounce back in a short span of time. You need to deal with your fear if you wanted to earn from this market, many possibilities can take place, either directions be ready to take the long term road in oder not to suffer from certain loses.

At least with back up, maybe like to use martingale strategy when we buy in cheaper price but with more amount of coin that we want to buy. With that, any condition of bitcoin price next can be advantage for us. About fear, before trade we should know that use emotion in trading is bad idea because sometime people can do careless things when they are get panic or too fear.

[Experia]

Hi all,

I want to invest some money in Bitcoin (long term investment)
It's better wait the next fall down (like the situation on December/January), or buy now?
Otherwise fixing a target for example 7000 or 8000 $ and buy in that moment?

Thank you in advance for your suggestion

I hope you change your mind. In a certain thing that we can't be like what the market shows last year or even yesterday. Prices keep running and changing, cause if we think that Bitcoin will turn back below $5k, then you may right to wait but if don't? You probably lose your chance.
Now, if you have still money to risk, you better do it now. Not I mean you have to spend it all in buying but rather ti start it now while the market is still at a low price. We don't need to push you hard but we just like to give you some tips, and it is up to you if you consider this piece of advice.

If in case that people will do trade we should not go for waiting for the chance that it will fall in its base price. We all dont know what will be the price therefore we should really know the risk and always be prepared on it it is better if we will going to be successful on what we are planning to do and not being interrupt by what is the counter of the plan.

[ReiMomo]

Hi all,

I want to invest some money in Bitcoin (long term investment)
It's better wait the next fall down (like the situation on December/January), or buy now?
Otherwise fixing a target for example 7000 or 8000 $ and buy in that moment?

Thank you in advance for your suggestion

Let me ask you first, do you know to speculate when the bitcoin price dump? If yes, you can fix your target buying at a lower price of Bitcoin.
The market price is unpredictable and we don't know what will happen next, you have been answered your question of saying you are a long term holder. Yes, you can invest any time but just keep holding if you don't see your profit was there. Those people who are investing bitcoin in the long term may know how Bitcoin works.

[semobo]

Hi all,

I want to invest some money in Bitcoin (long term investment)
It's better wait the next fall down (like the situation on December/January), or buy now?
Otherwise fixing a target for example 7000 or 8000 $ and buy in that moment?

Thank you in advance for your suggestion

So your target for purchase has arrived,take the advantage of it before whales taking it.But for now nothing good for the prices to rise up so you can plan what you can do now and be ready to face the consequences by investing it.Seems like it stabled now after the sudden dump of Bakkt launch which means prices getting ready to take off again!

[zedicus]

Hi all,

I want to invest some money in Bitcoin (long term investment)
It's better wait the next fall down (like the situation on December/January), or buy now?
Otherwise fixing a target for example 7000 or 8000 $ and buy in that moment?

Thank you in advance for your suggestion

buying now is a little bit safe for me so i would advise you to buy whenever it dip and reach the 79xx mark this week or month.it's a safe spot to buy on my own book for long term seeing how much bitcoin can soar up if it hits the right time of the year

[Ridwan Fauzi]

So your target for purchase has arrived,take the advantage of it before whales taking it.But for now nothing good for the prices to rise up so you can plan what you can do now and be ready to face the consequences by investing it.Seems like it stabled now after the sudden dump of Bakkt launch which means prices getting ready to take off again!

Actually, to buy bitcoin there is no word to say a good and the bad time especially for long term intention. Moreover if we see the fundamental analyst I mean bitcoin will face halving event and there is some companies who able to accept or make their own crypto has been proven that most people on this world have known it and they are still considering to buy it.

I don't have any idea to commenting Bakkt service at this time, I've been waiting for a long time to see this service be launched and even most crypto user is doing so. But when it was launched at 23 September a few days ago just give a negative sentiment to the market. I don't know it is just a trick from some whales to buy in the deep or indeed the service is not interested by most investor.

[Wexnident]

Hi all,

I want to invest some money in Bitcoin (long term investment)
It's better wait the next fall down (like the situation on December/January), or buy now?
Otherwise fixing a target for example 7000 or 8000 $ and buy in that moment?

Thank you in advance for your suggestion

There isn't really a good or bad time in buying Bitcoin to be perfectly honest. Rather than asking advice for when to buy them, you should rather ask advice about observations of the past market and try to come up with a variety of possibilities that may happen. From there, you can then adapt and decide for yourself whether to invest or not. It's a lot more about researching and luck since the market is really hard to read at times and we still have people who pump or drop the prices continuously

[RileyM]

My advice is to put your limit order approximately 7600$

[Eugenar]

You shouldn't ask for financial advice here on the forums because people tend to give advice based on their opinion and beliefs regarding the market but If your goal is long term investment as you're saying, then, in my opinion (a lot might disagree), you should accumulate as much as you can, regardless of the current price because no one could predict the price. You should also keep in mind that the halving is going to occur in ~250 days and that would mean less bitcoin in circulation so more people will be buying before that, and the price might not drop as you're expecting.

I agree with you. This kind of decision should have been done with ourselves, we are the one who is going to invest that is why it is we are the one who will decide when to buy bitcoin or wait for a little more because the price might drop even more. It will be confusing because the other half of your self will say to wait and the other one will say buy now or you will regret it later, and the result is always random, sometimes you get the fish and sometimes you missed it.

that is why it is important to think twice before we decide something that is a serious matter since we are talking about money.

No, I think it is okay, opinion of others is necessary to build up your own and make better decision. It is not bad to take an advice from someone but make sure that you should take what your instinct tells you for you not to felt remorse. A piece of advice is okay because admit the truth that there are things you didn't know in fact as what they say "no one is an island", no one succeed by their own at all.
Now, if you'd ask me I'll buy now since no one knows if bitcoin will go up or down so take the chance before its too late.

[KnightElite]

Most of the beginners have misconception about investing in bitcoins. Just because they saw that the price of bitcoin is too low,  then they will start investing. It is the misconception that we should change. The price of the bitcoin is too volatile, you can only have foresight about the price of the bitcoin if you have enough knowledge about technical analysis.

[NalanGirlAs]

Everybody dreams of buying from low and selling from high. However, it is almost impossible to achieve this within full limits. If you believe in Bitcoin, you should buy it maybe not always but at least at prices that you think are relatively low and wait for it to rise. If you want to make short-term profits, you should search the forum for topics like margin or daily trade. Good luck.

[finzyoj]

I think you are aiming too much, your target price was so far to be honest. I'm not saying that it was impossible for btc's price to reach $7k to $8k especially knowing that the market is not  so lively for quite a long time butvit still requires time. I can't even say when is the time btc will reach that point so for you to save time I advice you to invest now, hodl until it reaches ATG or what ever price you want to exit. Another reason why I adviced you like that is becuase the bitcoin halving is gonna happen next year, I'm pretty sure you don't want to miss the boat, right?

[xamxam]

Most of the beginners have misconception about investing in bitcoins. Just because they saw that the price of bitcoin is too low,  then they will start investing. It is the misconception that we should change. The price of the bitcoin is too volatile, you can only have foresight about the price of the bitcoin if you have enough knowledge about technical analysis.

In other words, without the word "Thought" all the words "Thought" are wrong. others think that they will soon buy big money when they buy bitcoin because of the rising prices in the market, so often they buy it so suddenly that it causes them to worry because they think they are losing their money invested. Wrong mindset because it was created, because you have to learn or know things about bitcoin trading first.

[Reid]

Are you sure there will be another fall?

Buy not and do not hesitate. Then that is the time you should wait for the increase.
I am not guessing here but I am sure it will increase in just a manner of time. It cannot be predicted accurately but it will.
Adoption may be slow but it is still adoption which increases the market value of bitcoin.

Better not be late or you will just regret it next time because you are thinking too much.
It is way cheaper now and that might be the cheapest that you can get.

[bhabygrim]

You shouldn't ask for financial advice here on the forums because people tend to give advice based on their opinion and beliefs regarding the market but If your goal is long term investment as you're saying, then, in my opinion (a lot might disagree), you should accumulate as much as you can, regardless of the current price because no one could predict the price. You should also keep in mind that the halving is going to occur in ~250 days and that would mean less bitcoin in circulation so more people will be buying before that, and the price might not drop as you're expecting.

I agree if it is for long term then you really need to buy as much as you could ,
Because we don't really know how much it could drop so don't set your price on when to buy it,
Because you might just miss more opportunity while waiting .
And don't let the panic get the best of you there are some who would say that they are investing for the long term but when the market crash they would also dump their investment.

[doomistake]

Most of the beginners have misconception about investing in bitcoins. Just because they saw that the price of bitcoin is too low,  then they will start investing. It is the misconception that we should change. The price of the bitcoin is too volatile, you can only have foresight about the price of the bitcoin if you have enough knowledge about technical analysis.

There is nothing wrong with this, buying bitcoin in the lower price is the most basic way of making profits in investing in bitcoin even as a beginner, so how come that it is a misconception, I'm perflexed. It would be funny if they will do the opposite, buying bitcoin in a high price then when it drops, welcome to panic selling squad, and yes, the bitcoin's price is volatile that is why it's sometimes way up high, sometimes it's way down low.

Beginners are taking this advantage because that's the best thing they could do for now, you also started that way, so don't discourage them and let them to their homework.

[CarnagexD]

Hi all,

I want to invest some money in Bitcoin (long term investment)
It's better wait the next fall down (like the situation on December/January), or buy now?
Otherwise fixing a target for example 7000 or 8000 $ and buy in that moment?

Thank you in advance for your suggestion

Many people are now waiting for the big dump of bitcoin and they predict that it might fall in the price of 7000$ or below so I suggest once it hit that price you should invest then hold it and wait for the next halving that will happen in the next year 2020. I agree with you that it's better to wait for the next fall so you might buy it at a low price then you might sell it in a high price. Do not waste your time and just buy now and hold it so you can gain once the price goes up.

[Inkdatar]

You must learn first the flow of crypto market and no one can gives you definite prediction of price. The current price is below $8k and if you can take risks it is still good to buy. If plan long term investing in bitcoin accumulating more is good. As long you understand the flow and risks in crypto buying of btc and the price is low is a nice decision.