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Author Topic: Is it a good time to get in or not  (Read 2586 times)
Slingshot
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November 23, 2020, 09:13:53 PM
 #61

Many people are anticipating alt season but frankly many cooks actually went up this period and are still going up so anybody buying anything at this time should have it in mind that he or she is not buying the bottom anymore and entering now should be monitored very well before any one jumps in. Do not buy the top please.
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November 23, 2020, 09:17:17 PM
 #62

It is not kind of too late to invest into Bitcoin but also at this point of time it is not that early as well for the price is already high enough to be stated as expensive. It is still good to invest into Bitcoin at times like this but there are certain risks that is pretty much higher compared upon getting in touch when the market is on its down side. You better watch the market all the time and grab opportunities so that you won't have that second thoughts in your mind of not being sure if you will be investing into Bitcoin and other crypto or not. For Bitcoin it is already quite expensive as for now, but for the part of Altcoins, there are still good and affordable ones that can suit your budget and better grab the opportunity but assure that it is all worthy for investment.

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November 23, 2020, 09:29:50 PM
 #63

Many people are anticipating alt season but frankly many cooks actually went up this period and are still going up so anybody buying anything at this time should have it in mind that he or she is not buying the bottom anymore and entering now should be monitored very well before any one jumps in. Do not buy the top please.
You can't stop people who always choose to buy at the top. They wait for the action before they decide to buy. That's strategy is common for those people that doubts the dip and they are watching the market if it will get better or not.
And if they see it gets better, they buy.

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November 23, 2020, 09:43:56 PM
Last edit: November 23, 2020, 11:12:21 PM by StephenJH
 #64

Many people are anticipating alt season but frankly many cooks actually went up this period and are still going up so anybody buying anything at this time should have it in mind that he or she is not buying the bottom anymore and entering now should be monitored very well before any one jumps in. Do not buy the top please.
You can't stop people who always choose to buy at the top. They wait for the action before they decide to buy. That's strategy is common for those people that doubts the dip and they are watching the market if it will get better or not.
And if they see it gets better, they buy.
The newbies usually make such mistakes and they don't want to learn the mistakes of other traders. The strategy of buying low and selling high is the base bone of trading but not all traders want to obey the gold rules of trading especially in the volatile crypto trading. The mistakes can be the good teacher for learning from our mistakes but all traders don't have the same interest towards learning from the trading mistakes in the real market sitaution.

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November 23, 2020, 09:53:54 PM
 #65

For me I think it could still be profitable to invest to Bitcoin but the risk is high at the moment. Well it still up to you if you could manage to take profit that's good and if not well I hope it's a lesson that you should only invest when the price is low.
Investing in any coin when the market is moving higher is always a risky proposition, i was waiting for the market to have a correction on reaching the $10k valuation but the market took off and i really missed the opportunity to invest further but i am waiting for another correction so that i will be able to invest and ride the rally.

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November 23, 2020, 10:02:24 PM
 #66

I don't want to stop people if they wanted to invest in Bitcoin during the hypes because they might also have a plan but I don't want also to make them suffer losses and the only thing I can do for them is to give a warning. This means that there might be a danger awaits them if they will buy today or in a situation like this unlike if we are buying it at the bearish season.

Actually, buying when the market is already bullish is not really in a good position, the risk is high, the possible losses then are also at a high percentage. But of course, it's up to you to think or might consider what I say or the other's advice.

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November 23, 2020, 10:20:49 PM
 #67

My experience with bitcoin last three years ago was not that good because I am only learning to trade by myself. That doesn't resulted to profit just like other holders whom able to pursue a successful career in trading, and I was able to purchase btc during it's highest peak but suddenly collapses when people were having panic. The last buyers including me didn't catch the good harvest and ended up losing my potential profit and even capital has been gone.
What we need right now is wait for its value to go down and that's the time to buy.
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November 23, 2020, 10:39:27 PM
 #68

Many people are anticipating alt season but frankly many cooks actually went up this period and are still going up so anybody buying anything at this time should have it in mind that he or she is not buying the bottom anymore and entering now should be monitored very well before any one jumps in. Do not buy the top please.
You can't stop people who always choose to buy at the top. They wait for the action before they decide to buy. That's strategy is common for those people that doubts the dip and they are watching the market if it will get better or not.
And if they see it gets better, they buy.
The newbies usually make such mistakes and they don't want to learn the mistakes of other traders. The strategy of buying low and selling high is the base bone of trading but not all traders want to obey the gold rules of trading especially in the volatile crypto trading.
It's a normal thing to anticipate for the newbies. They buy almost anything that they see at the top. Even the most worthless alts that just pump, they'll buy it without having a second thought of what if it starts to dump after buying.
Very phenomenal advise for the buy low and sell high but they don't apply it.

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November 23, 2020, 10:47:51 PM
 #69

Can one still dare to invest in Bitcoin when price is skyrocketing this high? I remember that some invested in Bitcoin at 20,000$ and the whole market started crashing on them, before they could pull out their money it's already too late and till today they haven't recovered their money, is this a good time to get in or it's already too late?

Theres no such thing about being too late or the best time when it comes to investment and asking out if its the right time? No one knows because no one can tell on what would be the next movement that will happen
neither it you go up even more or would have some correction after you have bought or place up your position into the market.This is why investing or putting up money into something will have that corresponding risk
and you would surely have these kind of doubts which i do saw that it could really be a hindrance for you to make up such decision just because you have seen on what happened in the past.
You would really have second thoughts from time to time this is why in regards to your question if its the best time then it will be ending up on to your decision yet no one can precisely predict on whats the movement ahead.

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November 23, 2020, 11:57:39 PM
 #70

I think it is not too late. But you should know the realistic target. You also need to plan for cutloss. So, everything can be safer even there is a correction or sudden drop. Personally, I think this time isn't the right time to invest in the long term. Or it is better if you plan to buy for weekly trade. In the short term, you can easily evaluate your strategy or plan.

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November 24, 2020, 06:41:00 AM
 #71

We may have passed the good times before and we will see some good times in the future. Past is past, what we need is doing right things now to make a brighter future. First movers always have a higher chance of getting better profits in the blue ocean, but without much experience on market behavior, they have to deal with a great amount of risk as well. One thing we have to keep in our mind is that, in any financial market, you cannot rely only on the past performance of any asset to predict the future gains.

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November 24, 2020, 07:49:45 AM
 #72

I'm not feeling comfortable investing on bitcoin right now even when many speculations are surrounding the internet that Bitcoin is going to a new ATH this time around, this is just my own opinion, the choice is not mine to make, if you think you can take the shot then do it but its a bit safer to find altcoins to buy right now since many of them haven't reach a very high level yet, altcoins are safer now than bitcoin

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November 24, 2020, 07:54:40 AM
 #73

Can one still dare to invest in Bitcoin when price is skyrocketing this high? I remember that some invested in Bitcoin at 20,000$ and the whole market started crashing on them, before they could pull out their money it's already too late and till today they haven't recovered their money, is this a good time to get in or it's already too late?
It looks like you are confused if you should invest or not. First of all, don't invest if you can't afford to lose. Secondly, don't invest because you fear that you might lose your opportunity for making quick profit. Invest only if you have the will for long term holding/investment.
If you invest now and the price crashes, it shouldn't affect you much since you were able to afford the crash. Moreover, even if the price crashes, you haven't made any loss since you haven't sold anything. All you need to do is keep holding it for next few years, while buying more of the coins when the price crashes to maximize your profit.

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November 24, 2020, 08:01:27 AM
 #74

It seems to me that the market is overheated and during the quarter the price of bitcoin will fall as in the stock market. I would not rush to buy at such a high price but in the coming weeks the price will probably rise slightly.
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November 24, 2020, 08:03:35 AM
 #75

Can one still dare to invest in Bitcoin when price is skyrocketing this high?
If your goal is to make profit on short run definitely it's not a good time to get it. Actually, if your goal is fast profit I would say bitcoin isn't a good investment for you, because as we know it's a very volatile currency which can pump or dump very fast in a short time period. It's unpredictable and someone shouldn't rely on it to invest money you are going to need soon.
But as we have observed since the beginning of bitcoin, it's a currency which gains value on long run, so it definitely worth if you are a long term investor.

I remember that some invested in Bitcoin at 20,000$ and the whole market started crashing on them, before they could pull out their money it's already too late and till today they haven't recovered their money, is this a good time to get in or it's already too late?
Well, if this investor is still holding bitcoin since the big crash years ago he could have already recovered his money being a smart investor.
Taking in consideration the price bitcoin is nowadays plus the 2 last years, it was enough time for this investor to put his bitcoins in a passive income investment generating extra satoshis by now. So as you can see, on long run bitcoin never disappointed anyone so far.

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November 24, 2020, 08:20:12 AM
 #76

Based on the results of the analysis I did on the current Bitcoin movement. It's not too late to invest in Bitcoin, because based on
my predictions this is just the beginning. The price of Bitcoin will rise even higher, if anyone wants to buy Bitcoin at the current price
just do it. But just in case always use stop-losses, so if the price drops suddenly, we will not lose all the capital we have.

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November 24, 2020, 08:24:01 AM
 #77

Crypto is unpredictable, if I tell you not to buy bitcoin because it's at 18000+ right now and price surge to 30,000$ won't that ruin my credibility? The only advice I can give you is Bitcoin still remains bullish judging from pro traders point of view and Bitcoin charts but the risks are still very much available, the risk is on you pal, you have to make a choice yourself
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November 24, 2020, 08:26:11 AM
 #78

It seems to me that the market is overheated and during the quarter the price of bitcoin will fall as in the stock market. I would not rush to buy at such a high price but in the coming weeks the price will probably rise slightly.
precisely when the market is having a lot of movement it makes us able to get a lot of profit quickly so I think this is the right moment to buy and be able to trade short-term, still be careful when entering an exchange and don't buy the wrong coins.

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November 24, 2020, 08:27:14 AM
 #79

Can one still dare to invest in Bitcoin when price is skyrocketing this high? I remember that some invested in Bitcoin at 20,000$ and the whole market started crashing on them, before they could pull out their money it's already too late and till today they haven't recovered their money, is this a good time to get in or it's already too late?
z
Why not?no oneknows when will be the skyrocketing ends so chances is always there,But of course make sure that you will invest only the funds you can afford to wait for long in case that Your coin did not MEet your desire value.

There are  strong chance that this bull run will last long andwill generate best income to its supporters like me.
Based on the results of the analysis I did on the current Bitcoin movement. It's not too late to invest in Bitcoin, because based on
my predictions this is just the beginning. The price of Bitcoin will rise even higher, if anyone wants to buy Bitcoin at the current price
just do it. But just in case always use stop-losses, so if the price drops suddenly, we will not lose all the capital we have.
Can you drop the analysis that the Bitcoin movement will last for long and another recorded hype?

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November 24, 2020, 12:36:13 PM
 #80

Make sure you have targets and at least have the knowledge based on previous experience to determine targets in investing. It is important to be able to estimate the percentage of profit or loss, especially if you buy BTC at this time so you can get a good profit if BTC can break through $ 19k - $ 20k. so what are you waiting for, don't miss this opportunity.

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