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Author Topic: What made yoi think of investing in bitcoin at the current market?  (Read 473 times)
vlast01
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November 08, 2020, 04:29:30 PM
 #21

I was curios that bitcoin had been the favorite discussions inside and outside the forum like news popping out in regard to sudden burst of market to bitcoin. I do not know the reason behind the good market o bitcoin but as I learn about it that when demand is higher for bitcoin the market price for each bitcoin will also be directly proportional to its market price.
Yes its true that the bitcoin price depends on the demand and as of now bitcoin demands is taking its step due to pandemic that causes the decrease demand of fiat money.
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I just wonder if you want to earn in bitcoin investment then a smart investor would invest in while bitcoin is cheaper and not the current price.

If you just compare the current price of bitcoin from the price of it when its in its peak value I would say its much less expensive and as the current flow of the crypto market due to pandemic bitcoin price will once again raise its value and investor will take the opportunity to invest before it happens.  

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Is there any reason we can think of why people love to invest in bitcoin while market price is high?
Well investing on a bitcoin when its high makes the investing more profitable.

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November 08, 2020, 04:37:52 PM
 #22

They don't love it they just don't know how to enter a market and when they are waiting for the Bitcoin's price to really go low.
However they don't have any idea when was the low and they might missed it so now that we are on the bull run that the only indication  that they will buy.
I think they were just trying to invest while the Bitcoin's price is not that high and they are expecting it to increase more.

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November 08, 2020, 04:42:47 PM
 #23

I just wonder if you want to earn in bitcoin investment then a smart investor would invest in while bitcoin is cheaper and not the current price.

Is there any reason we can think of why people love to invest in bitcoin while market price is high?

What makes you think the current price is not cheap?

The ATH price is 20 thousand dollars. We are at 14 thousand. I could argue that compared to the ATH the current price is cheap as it's almost 30% cheaper than the top price.

I invest because we are in a bull market and based on the past performance of Bitcoin I expect the price to go beyond the last ATH in this bullish wave.

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November 08, 2020, 04:49:36 PM
 #24

They don't love it they just don't know how to enter a market and when they are waiting for the Bitcoin's price to really go low.
However they don't have any idea when was the low and they might missed it so now that we are on the bull run that the only indication  that they will buy.
I think they were just trying to invest while the Bitcoin's price is not that high and they are expecting it to increase more.
Many were just Fomo  that the price will increase and may reach another ATH, even they wanted to buy at lower price there are some sort of manipulation in terms of price correction that may happen if they will not ride in this ride, I don't add in my holdings during this pump but if have extra I will do and just keep monitoring it till It shows sign that the price may start to get low.

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November 08, 2020, 05:09:07 PM
 #25

AS for me, i will invest in Bitcoin anytime because of my believe in it existence, it ability to make profit for a long-term as investment. Some time ago, i did bought when the price of Bitcoin was pretty high and after i bought the market collapsed, due to my trust in it investment i never panic but hold for a long-term which lastly yielded me huge profit, so, my trust in Bitcoin give me the assurance of investment anytime even at current price. 

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November 08, 2020, 05:12:39 PM
 #26

I think as long as BTC remains 13200 , it is worth buying and I am pretty sure history of 2017 will be repeated once again and it will break it all time high Record. The lesson of the History is that it always repeats it self and Dilemma of human is we never learn lesson from history.
If 2017 repeats all over, it'd make Bitcoin worth buying even at $50k. But I have to say that history doesn't always repeat itself and you shouldn't make plans based purely on this saying. It is very true in various contexts but not in this one. The best proof is Bitcoin's 2015 charts. It could fall at any given time. Otherwise, you could've simply purchased stocks based on this saying and be a millionaire in no time.
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November 08, 2020, 05:24:58 PM
 #27

I think that investing in Bitcoin is good all the time even when the price is high, most people think that this current bitcoin is not the highest price and everyone believes that Bitcoin will reach new highs higher than the peak of 2017 and since Bitcoin is now starting to rise dramatically, more people expect It will reach a new peak until the end of 2020.

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November 08, 2020, 05:59:47 PM
 #28

I just wonder if you want to earn in bitcoin investment then a smart investor would invest in while bitcoin is cheaper and not the current price.

Is there any reason we can think of why people love to invest in bitcoin while market price is high?

What makes you think the current price is not cheap?

The ATH price is 20 thousand dollars. We are at 14 thousand. I could argue that compared to the ATH the current price is cheap as it's almost 30% cheaper than the top price.

I invest because we are in a bull market and based on the past performance of Bitcoin I expect the price to go beyond the last ATH in this bullish wave.


I agree with you. If now began to inflate another bubble, bitcoin can surpass the previous ATH. But psychologically, it is difficult for me to invest at the current price! Cheesy On 9K there was no doubt, and now they have appeared!

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November 08, 2020, 06:21:05 PM
 #29

I was curios that bitcoin had been the favorite discussions inside and outside the forum like news popping out in regard to sudden burst of market to bitcoin. I do not know the reason behind the good market o bitcoin but as I learn about it that when demand is higher for bitcoin the market price for each bitcoin will also be directly proportional to its market price.

I just wonder if you want to earn in bitcoin investment then a smart investor would invest in while bitcoin is cheaper and not the current price.

Is there any reason we can think of why people love to invest in bitcoin while market price is high?

When I first studied Bitcoin, I was just a student who wanted to earn money to help me financially and It would be hard to invest on Bitcoin since I do not have a stable income but now that I have graduated, I know that investing on Bitcoin is a good thing since things within the Cryptocurrency have the ability to escalate which can help me have greater profits.

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November 08, 2020, 06:32:35 PM
 #30


I just wonder if you want to earn in bitcoin investment then a smart investor would invest in while bitcoin is cheaper and not the current price.



Ofcourse it would be better to invest in a lower market price of it but due to doubts, some investors are hesitant, and it might be because they are afraid to lose. Doubts will never be separated with investments. People are only investing at this moment probably because they found a 'pattern' at this point that the price will continue and risk of losing is quite less. This is simply a misconception because there's no assurance that the movement will be consistent and continuous. Invest if you can, and if you're not sure, then don't because forcing yourself could result to regrets once expectations are not met.

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November 18, 2020, 07:26:58 AM
 #31

If you're a long term speculator you won't see the cost. The drawn-out financial specialist consistently has confidence in the market and never care about the unloading of cost.
I am one of them I generally think that the fate of bitcoin is brilliant when the cost tumbling down I didn't lose the heart either I sell my coins in panic, Instead, I continued purchasing the coins, and today we're observing how bitcoin is rising. On the off chance that you have strong beliefs.
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November 18, 2020, 07:45:08 AM
 #32

If you're a long term speculator you won't see the cost. The drawn-out financial specialist consistently has confidence in the market and never care about the unloading of cost.
I am one of them I generally think that the fate of bitcoin is brilliant when the cost tumbling down I didn't lose the heart either I sell my coins in panic, Instead, I continued purchasing the coins, and today we're observing how bitcoin is rising. On the off chance that you have strong beliefs.
As anyone in the thread agrees on, it definitely makes it promising if you look at a long term. Unpopular opinion, you also should draw the line as to when will you drop and exchange your bitcoin if you are one to do that because you might just end up as chasing a constant volatile high that would make you look like a hoarder.

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November 18, 2020, 11:00:08 AM
 #33

Bitcoin on my own is the safest haven for anyone's asset since it is not being controlled by any financial institution around the globe. There is no right time to invest in bitcoin regardless of the current price for investors should only think of the possible future gains of his investment and not the amount he needs to shell out when investing.

If someone plans to invest in bitcoin but still waiting for the bitcoin to be a lower price I'm afraid he can never invest anymore since the demand for bitcoin is continuously increasing and that is because more large companies have started to acquire bitcoin in their services which means more and more people are starting to adopt bitcoins as well.

In fact, the current price of $15k will definitely surge soon as people become more aware of bitcoins concept of decentralization that makes it a safe haven for assets.

.
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November 18, 2020, 11:11:20 AM
Last edit: November 20, 2020, 12:26:22 PM by ololajulo
 #34

Anything below $20k is still good buy if you miss the dip dump at $3200 although you may not be having the type of ROI on bitcoin again. It is already 3 years from the ATH and for those that bought and still holding are likely find their relief soon with good profit in 2021. They already understand what patience is and the market cycle. Normal way human take risk is funny, they prefer to FOMO than buy when the price is down. Unfortunately we will only benefit from new victims of FOMO in the next parabolic.

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November 18, 2020, 11:14:38 AM
 #35

The problem is... What is cheap?

I have been in Bitcoin for several years and the most common question that I get from people is this....."Is this a good time to invest in Bitcoin" .....well, that is open to debate. First of all..Bitcoin is not an investment, it is a currency. Yes, people trade currencies too, like for instance Forex currency trading, but the primary reason to buy bitcoins should be to use it as a currency.

Secondly, How does anyone know what price is cheap and what price is expensive? A few months ago the average Bitcoin price was $12 000 ...and people said it was over priced.... uhm! really? What do they say now that it is $18 000?

If you want to buy bitcoins... just do it. The price might sound expensive now... but the price might jump up to $25 000. We do not know what will happen in the future.  Wink

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November 18, 2020, 11:21:15 AM
 #36

Anything below $20k is still good buy if you miss the dip dump at $3200 although you may not be having the type of ROI on investment. It is already 3 years from the ATH and for those that bought and still holding are likely find their relief soon with good profit in 2021. They already understand what patience is and the market cycle. Normal way human take risk is funny, they prefer to FOMO than buy when the price is down. Unfortunately we will only benefit from new victims of FOMO in the next parabolic.

I bet when btc manage to break the ATH of 2017 and above, you will consider anything above 20k as good buy, who knows if eventually all the btc prediction of 40k and above comes true then 20k will seem like a good buy indeed.
at this time panic buyers, fomo and the uncertainty of where btc is going next has set in, may btc is about setting a new reocord and some people already too anxious and don't want to miss out on this.
Those who bought btc during 2017 ATH and still patiently waiting till now will be overjoyed, i bet some of them can't wait to dump and regain their fund back Grin

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November 18, 2020, 11:25:52 AM
 #37

I was curios that bitcoin had been the favorite discussions inside and outside the forum like news popping out in regard to sudden burst of market to bitcoin. I do not know the reason behind the good market o bitcoin but as I learn about it that when demand is higher for bitcoin the market price for each bitcoin will also be directly proportional to its market price.

I just wonder if you want to earn in bitcoin investment then a smart investor would invest in while bitcoin is cheaper and not the current price.

Is there any reason we can think of why people love to invest in bitcoin while market price is high?

Yeah, there is, because as you can see the price already reach its highest peak ever and we are not in December yet. If those investors will not hesitate to invest in this hot market, there will be no chance like this because this is a good indication to invest in bitcoins while its price is rising every day. What more can you ask? if you guys wait for another dip, that might not happen for the next months.

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November 18, 2020, 11:58:03 AM
 #38

Nothing changes in the market... When Bitcoin growth to 16-17-18K people start talking about "a good opportunity to buy"! When the bitcoin cost 4K, everyone said that it will cost 100 dollars! Wink
I don't think this is a good time to invest... If you didn't have time to buy 10K, it's better not to give in to FOMO now!

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November 18, 2020, 12:37:37 PM
 #39

if you have enough capital it is better to buy bitcoin at this time, because the price continues to increase over time. at the moment I don't have much capital to buy bitcoin, I will buy bitcoin if there is a decrease in the price of bitcoin in the crypto market.

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November 18, 2020, 12:54:34 PM
 #40

bitcoin discussions is part of this forum and part of the crypto disccusion whereever you are because this was the first crypto with a big value that are trusted the most and the suddest burst in the price makes bitcoin hotter in the headlines .

I do not know the reason behind the good market o bitcoin but as I learn about it that when demand is higher for bitcoin the market price for each bitcoin will also be directly proportional to its market price.
you dont know the reason but you dont also know that you already answered your own concern . you are right ,that is because of the demand .

a real smart investor can adapt in any situation . high price or not , they can join in and still possibly earn something. and theres that fomo that wont be gone whenever there is a nice event that is happening .
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