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Author Topic: Is it alright to invest with bitcoin at the current market price?  (Read 1123 times)
minersday
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September 03, 2020, 03:23:37 AM
Last edit: November 12, 2020, 03:45:47 PM by minersday
Merited by Youghoor (2)
 #41

Cryptocurrency is a high risk form of investment.



Cryptocurrency investment only becomes a high risk form of investment when you the person investing do not really understand the crypto market and do not have any form of plan or strategy. With any kinda investment, there are some kind of risk attach to it. With sufficient knowledge and understanding, you can invest in Bitcoin at the current market value and still make a good amount of profit.  Your knowledge about the crypto market will provide you with the necessary skills to develop a plan or strategy in order to maximize your profit margin and decrease the rate at which you lose your investment capital.
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September 03, 2020, 03:35:45 AM
 #42

Cryptocurrency is a high risk form of investment.



Cryptocurrency investment is only becomes a high risk form of investment when you the person investing do not really understand the crypto market and do not have any form of plan or strategy. with any kinda investment, there are some kind of risk attach to it. With sufficient knowledge and understanding, you can invest in Bitcoin at the current market value and still make a good amount of profit.  Your knowledge about the crypto market will provide you with the necessary skills to develop a plan or strategy in order to maximize your profit margin and decrease the rate at which you lose your investment capital.

agree, that all investment in any form will certainly be risky but the level of risk depends on the work and knowledge we have. investing in crypto is actually very attractive, so crypto is growing quite fast because of this. but back again to the individual, everyone who will follow the investment how much experience and knowledge they have because it will determine the actions that can produce in accordance with these abilities.

but don't be afraid to keep learning and if you are afraid to take steps then you will not be able to go further. a mistake is a whip for not doing the same. don't be afraid to invest in crypto this is very promising.

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September 03, 2020, 04:07:33 AM
 #43

In my opinion, it is not the right time to invest in Bitcoin because it can go down very deep and you will lose money. It happened to me before. Take a look at the Bitcoin chart in the last few years to see what I am talking about.
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September 03, 2020, 04:12:58 AM
 #44

The dips are always the right time and now it is.
Buying bitcoin at dips at any price benefits me big, I don't really recommend this but if you are willing to take the risk of buying at dips even if the price is high you can profit from it fast.
Knowing when to enter and how much you risk you wanna take, anytime is the right time to buy.

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September 03, 2020, 04:24:31 AM
 #45

The dips are always the right time and now it is.
Buying bitcoin at dips at any price benefits me big, I don't really recommend this but if you are willing to take the risk of buying at dips even if the price is high you can profit from it fast.
Knowing when to enter and how much you risk you wanna take, anytime is the right time to buy.
It might be but I will not trade because trading is too risky and I am not in good market price prediction. As we all know that bitcoin market is volatile and it is unpredictable. I might consider buying parts of bitcoin now but probably I can make a target if it will reach to that point then I can sell right away. Still, I am hesitant to do it and might be  able to just wait for the next bitcoin market crash if it will going to happen.

For now waiting I guess is the best thing to do investment. Still, I am not closing too to invest when I think it I wanted to.
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September 03, 2020, 04:47:01 AM
 #46

There is actually no definite time to decide which is the best when buying bitcoin because it is so unpredictable. But the best way to do is to buy at a certain price and sell it way higher, meaning, it isn't wrong for us to buy even if we think that the market price is already high, why? that is somehow the reason for bitcoin to be bullish and break huge resistance levels. If people will not think that the price is way higher, they will buy further, and make bitcoin's price even profitable.

Though, if you want to make the most out of your money, try to wait for the market to decline so you can buy the dip.
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September 03, 2020, 05:55:49 AM
 #47

In my opinion, it is not the right time to invest in Bitcoin because it can go down very deep and you will lose money. It happened to me before. Take a look at the Bitcoin chart in the last few years to see what I am talking about.

As long as you can analyze the trend before you buy, you will have time to buy at a low price, and if you are a worry for the next downtrend, you don't need to buy with the big amount because you will need that money to prepare to buy more at a lower price. Yes, the bitcoin price can go down very deep, but we should not worry because that is always happening to bitcoin, but if you can hold bitcoin for a long time, bitcoin price will increase and surpass your buy price. The important is you know when you need to sell bitcoin, so that makes you have a target price to sell.

People can invest in bitcoin anytime, and they can buy bitcoin at the current market price, but make sure you can know when you can enter the market, so you don't have to worry. If you can have the skills to analyze the price, you will see when you can sell bitcoin.
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September 03, 2020, 06:50:42 AM
 #48

Nobody knows the future. No one can guarantee that bitcoin won't or will crash in the next few days. You're the only one responsible for your decision. IMO learn more about it, find the fundamentals and value, whether bitcoin is gonna useful for the future or not, and decide from there. Ony spend the money you can afford to lose while investing, don't risk your lifesaving in it.

Read a lot of information first so that you will not be surprise once you invested your money into it.

There's a right time and wrong time in the market and you need to deal with it so that you handle your assets properly.

Bitcoin investment is much more effective when you know how to perform different analysis so that you have an idea and clue what might happen in bitcoin next. Bitcoin is risky and you need to know that, but the opportunity to invest and regulate it in the market is actually worth it.
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September 03, 2020, 06:57:53 AM
 #49

everyone knows bitcoin volatility no one knows one bull run and suddenly market crash
i think btc is top right now . we must wait to down the current market price
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September 03, 2020, 07:20:12 AM
 #50

Absolutely yes, but you should consider a lot of factors before dealing with it. But the opportunity in bitcoin is much larger compared to other coins that are existing in the market. Investing in bitcoin will make you successful depending on its season, invest now before it's too late. Make predictions with yourself so that you can somehow cope up with the possibilities that might happen in the market. Being confident and aware about the market is one of the most essential thing that you should have in order to prevent being baited by its volatility. Never hesitate to invest right now in bitcoin.

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September 03, 2020, 07:40:05 AM
Merited by suchmoon (4)
 #51

Dollar cost averaging. Buy a set dollar amount of bitcoin, at a set interval. One of the best investment strategies of the last 10 years.

I guess the meat and potatoes of your question is asking if any of us know if bitcoin is going to keep going up. My crystal ball says yes! But, it's the same cheap unreliable crystal ball that everyone else has. Caveat emptor.

I can guarantee you one thing though. It's going to be a fun ride.

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September 03, 2020, 08:08:22 AM
 #52

Never hesitate to invest in bitcoin because bitcoin will always have a chance to make a good profit and I think investing in the long term is the best option for bitcoin and to get a satisfactory return, and that's all just to avoid worry or panic when bitcoin price drops again.
the most important thing is that you make purchases and take advantage of opportunities when the price of bitcoin drops, and that's all to grow your investment.

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September 03, 2020, 08:35:53 AM
 #53

In my opinion, it is not the right time to invest in Bitcoin because it can go down very deep and you will lose money. It happened to me before. Take a look at the Bitcoin chart in the last few years to see what I am talking about.

You have probably made the mistake to buy exactly in a hype phase. From a hype the price can always fall down very low. Indeed, the past has often shown that several times. Even if the price is currently very high, there are no signs that we are in a hype phase again. We are not even close to the all-time high prices and the crypto market is getting strong support from the fiat currency policy all over the world and the increasing acceptance and applications. So a long term investor can buy even if it can go down a bit in the short term.
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September 03, 2020, 09:03:20 AM
 #54

After seeing how we are overcoming the crisis of the pandemic I do not believe that the price of Bitcoin will collapse. Bitcoin is like a great colossus within the crypto market. As is known, investing in bitcoin and crypto is a risk due to its volatility, you must be cautious.

An analysis like the one shown in this tweet tells me that the price of bitcoin is in access. Which makes me optimistic, there are many tools that we can use to keep an eye on market behavior.

https://twitter.com/100trillionUSD/status/1300690235077128192?s=19


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September 03, 2020, 09:41:43 AM
 #55

If in doubt, invest 1/3 of your money and spend the remaining 2/3 of your money observing the market. If the crash you can buy in, do not forget to look at the bitcoin chart and consult the evaluation analysis on reputable websites.
Or if you believe you will be rich with bitcoins, buy them at their current prices, keep them for years.

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September 03, 2020, 09:48:10 AM
 #56

In my opinion, the best time was when Bitcoin was below 10k but as they say anytime to invest in Bitcoin is considered the best time. Therefore do not stop yourself and invest in it. Bitcoin will reach a new ATH soon and if you do not invest now you might miss the opportunity.

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September 03, 2020, 09:52:36 AM
 #57

"Is it still best time to invest now with the current market price? Or will wait for bitcoin market to crash? What do you think?

It depends from person to person. Some will never invest telling that's expensive, some have invested at ATH and they're crying now and many did invest in all other times (and most are happy)
The best is to make sure you invest only money you afford to lose (or keep locked into Bitcoin for longer time) and invest at various different moments.
I've read a nice tweet not long ago, it tell is well:

Yeah I bought the $12k top yesterday.

I also bought the $10k top back in June.

I also bought the $7k top back in March.

See how this work?


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September 03, 2020, 09:52:48 AM
 #58

The common mistake why most investors have lost their money after investing is that because they start accumulating Bitcoin when it is already at the surge, just what we have now. We know already the possible case scenario that will happen next and that is a chance to dump at any moment. Though we don't have that assurance, but usually this is always happening and people started to get crazy then sell their Bitcoin.

But if you are pursuing yourself to buy Bitcoin this time, you are facing the high risk and hoping that you won't get affected if there is declining sentiment comes.

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Leviathan.007
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September 03, 2020, 10:10:23 AM
 #59

The moment when price goes down or better to say falls down the is the best opportunity for the investors to enter the markets. According to this thread here: https://bitcointalk.org/index.php?topic=5273079.0 made by bitcoinst, Police Agency has reportedly seized South Korea's largest crypto exchange Bithumb for alleged fraud. As you can see on the market, these negative fundamental news effected bitcoin price and maybe this is one of the best prices to enter the market. I remember when when bitcoin price jumped from 9K channel price to 10K some people saying "it's too late for the investing" While the price touched 12K just a few days after that and the were feeling regret. If I wanted to take a lesson from the past I would enter the the bitcoin market even with the current price. However, to be more conservatism people can wait for the market stability before entering the market. 

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September 03, 2020, 10:13:27 AM
 #60

I think it's legal and okay to invest in bitcoin in a market like this.  what we need to understand is that no one knows how bitcoin is in the future.  and for sure we all hope bitcoin will be stable and legal in all countries
The Last 10 years of Bitcoin existence is enough to understand what can this give to us and what its capability to Go up more than the last Highest value recorded.
time after time this happens though this Pandemic had Hinder the recent halving effect but still there might good to come.
never underestimate the capacity of this currency because Many people had regret theirs back in the years.
In my opinion, the best time was when Bitcoin was below 10k but as they say anytime to invest in Bitcoin is considered the best time. Therefore do not stop yourself and invest in it. Bitcoin will reach a new ATH soon and if you do not invest now you might miss the opportunity.
You are wrong mate,because what about now that the price is higher than what you waiting?then we should not invest?
then how about spiking the price starting tomorrow and start hitting the $20,000 again?then we will blame the market?









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"I could either watch it
happen or be a part of it"

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