Is this a good time to invest?

[9thsky]

Hello my bitcoin brethren!

I come to you with a cunundrum today. One that's been weighing on me heavy for the past week.

Is it a good time to buy bitcoin, for a not too long term investment? And not just a couple of bucks but rather with a sum that would definitely sting (but not cripple) if the pendulum swings the wrong way.

I know your guess it as good as mine and the whole don't put in more than you are willing to lose and bitcoin is the least predictable investment venue...but perhaps you might know something I don't, especially consider how sharply it's been going up lately.
Some I realized don't like sharing what they know if they have juicy insight that they feel will change the course of things unfavorably for them if that knowledge was made public. If you are one of them, maybe you can PM me? 1 person won't make a difference.

So yeah, looking for expert, honest, advice.

Thanks!

[btcsmlcmnr]

Is it a good time to buy bitcoin, for a not too long term investment? And not just a couple of bucks but rather with a sum that would definitely sting (but not cripple) if the pendulum swings the wrong way.

If your plan is not for a long term investment, you should not buy bitcoin at the moment. The market is within a very important period after being overheated for many weeks, from DeFi tide to bitcoin rise.

It is good if you will invest by your money, not from any loan. You will have less pressure when market turns bad. At least you can hold your bitcoin longer than what are you are planning to do.

What do you want to get back from your investment? It is profit and profit will be consider by ROI (Return from Investment). It does not make sense on which price you join the market, if you can get same percent of interest for your investment. So yeah please choose a safe entry price that is healthy dip. 

[9thsky]

Hello my bitcoin brethren!

I come to you with a cunundrum today. One that's been weighing on me heavy for the past week.

Is it a good time to buy bitcoin, for a not too long term investment? And not just a couple of bucks but rather with a sum that would definitely sting (but not cripple) if the pendulum swings the wrong way.

I know your guess it as good as mine and the whole don't put in more than you are willing to lose and bitcoin is the least predictable investment venue...but perhaps you might know something I don't, especially consider how sharply it's been going up lately.
Some I realized don't like sharing what they know if they have juicy insight that they feel will change the course of things unfavorably for them if that knowledge was made public. If you are one of them, maybe you can PM me? 1 person won't make a difference.

So yeah, looking for expert, honest, advice.

Thanks!

Is it a good time to sell?

[harizen]

For the not too long-term investment, do you mean you will eventually sell right? Then it means, whatever the price, you can make an entry since the price is swinging, and with the exact execution of your strategy, you can take advantage of it and take profits.

But for long-term goals e.g for holding, it's a tough question that only you can answer. You need to decide for yourselves what to do. No advice from anyone can tell you the exact thing you need to do.

[9thsky]

For the not too long-term investment, do you mean you will eventually sell right? Then it means, whatever the price, you can make an entry since the price is swinging, and with the exact execution of your strategy, you can take advantage of it and take profits.

But for long-term goals e.g for holding, it's a tough question that only you can answer. You need to decide for yourselves what to do. No advice from anyone can tell you the exact thing you need to do.

I mean sell now

[cryptomaniac_xxx]

For the not too long-term investment, do you mean you will eventually sell right? Then it means, whatever the price, you can make an entry since the price is swinging, and with the exact execution of your strategy, you can take advantage of it and take profits.

But for long-term goals e.g for holding, it's a tough question that only you can answer. You need to decide for yourselves what to do. No advice from anyone can tell you the exact thing you need to do.

I mean sell now

And why would you sell now when the price will 'most likely' go to $20k this month or next year. That's why someone is advising you to be at least invest today and look for the long haul, instead of selling every time it hit another higher high. Yeah, it's really hard to give financial advise here, but let's say most of the members here are trying to HODL as long as they can and probably will just liquidate when we are the top or close to getting a new all time high. Best of luck to you.

[FanEagle]

Depends on how much you will invest and for what purpose. If you want to invest into bitcoin directly, I would say that today is as good as any day, do not listen to people who are calling for a bear run, do not care about how high we have gotten and how late you are right now, those are people who do not see any future profits.

However you should be careful, do not put all your money into bitcoin today because if you do that and price goes down again, you will have to wait a long time before you can even break even. What you should probably do is, buy bitcoin with some of it, and ethereum with a bit more, and keep buying it every Monday, keep doing that as much as you can and eventually you will be fine.

[bitmover]

Is it a good time to buy bitcoin, for a not too long term investment? And not just a couple of bucks but rather with a sum that would definitely sting (but not cripple) if the pendulum swings the wrong way.

The market was in a downtrend for 3 years. Now that we are at ATH you want to invest? And you ask our opinions here, for short term?

Well, I think it is crazy to buy a huge amount now.

In my opinion the best is to buy a little every month, no matter the price, for years. This is a long term investment, and if you don't plan to hold it for at least 3 years it is basically gambling.

However, fundamentals are solid now: Paypal, Halving, Corona Virus Crisis and money printing.... But the price may just dump 30% next week and we may face a long 3 years downtrend again.

I am here for 5+ years.

[Poker Player]

For the not too long-term investment, do you mean you will eventually sell right? Then it means, whatever the price, you can make an entry since the price is swinging, and with the exact execution of your strategy, you can take advantage of it and take profits.

But for long-term goals e.g for holding, it's a tough question that only you can answer. You need to decide for yourselves what to do. No advice from anyone can tell you the exact thing you need to do.

I mean sell now

You don't wan to invest, you want to play roulette. You might as well go to a casino, the certainty about the outcome is pretty much the same.

Some people with knowledge can buy and sell bitcoin short-term but they base their decisions in technical analysis, in which I don't believe much by the way because most of them lose money

[Fortify]

I think you need to be very careful with what you consider to be investing and what you consider to be gambling. While you can invest in Bitcoin, it is so volatile that you could wake up tomorrow and have lost 25% of your capital amount. Some people would not be bothered by that and would be willing to wait for it to go back up, however lots of people get scared because they never really knew why they were buying bitcoin in the first place. If you compare it against stock market investments, which can be just as dangerous but generally tend to be less volatile. There are also bonds, which are extremely stable but offer tiny guaranteed amounts in return.

[STT]

To enter into the market is always hard, if the price were low then sentiment would also be negative and discouraging.     The problem is in adjustment from no involvement to some, the best way to enter into Bitcoin is by actual usage not speculation.   I've been looking at markets for decades and still its never certain which way we travel, most people have a portfolio of various assets and increasingly BTC is becoming one of those assets held as part of a spectrum balanced by holdings elsewhere.

The simpliest advice to you is enter gradually, the funny thing about BTC is that despite its rapid movement its true nature is over years and possibly even decades, it has an old soul it seems like which of surprise to everyone.   I've never seen a 200 week average mentioned as relevant in another market but in this one it is of reference.

If your plan is not for a long term investment, you should not buy bitcoin at the moment.

The problem is we can keep rising, he could enter with a regular buy every month for the next 18 months and so long as you intend to keep that BTC for five years you are well grounded to be part of this economy.  Thats a reasonable strategy, problem is a large part of buyers want to buy now and sell by year end and thats close to gambling especially if you dont normally trade on markets.

[philipma1957]

Hello my bitcoin brethren!

I come to you with a cunundrum today. One that's been weighing on me heavy for the past week.

Is it a good time to buy bitcoin, for a not too long term investment? And not just a couple of bucks but rather with a sum that would definitely sting (but not cripple) if the pendulum swings the wrong way.

I know your guess it as good as mine and the whole don't put in more than you are willing to lose and bitcoin is the least predictable investment venue...but perhaps you might know something I don't, especially consider how sharply it's been going up lately.
Some I realized don't like sharing what they know if they have juicy insight that they feel will change the course of things unfavorably for them if that knowledge was made public. If you are one of them, maybe you can PM me? 1 person won't make a difference.

So yeah, looking for expert, honest, advice.

Thanks!

No one should invest so much that a loss stings.

The fact that this is your leading question is pretty good indicator you are approaching buying BTC with a gambler's mindset not an investor's mindset.

This means you are doomed to fail. As the definition of gambling is putting up money at unfavorable odds.

Do this instead.

Buy x and list it for sale price of x +25%

do this ten weeks in a row.

so you spend 10x.

To be able to do this you need to put 10x aside and make the buys with the sell orders as I suggested for 10 weeks in a row.

If you can't do this you need to a never invest as you will be doomed to lose your investments.


If you can do this maybe you make some money doing it.

Maybe you don't.

Good luck finding yourself and your place in the world of investment.

[BrewMaster]

if you are thinking a month or two when you say "not too long term" then the answer is probably not because price is currently at a level that could last for that much and during that time it could have big ups and downs instead of just ups. this volatility is not something you want to expose yourself to if this is your first time entering bitcoin.

anything longer than that, the answer is definitely yes. we are in a bull market and the price will continue going up and will be higher than this in next year.

[Reid]

I guess no one wants to be the guy that will be blamed on at the end.
So you decide for yourself.
The truth is no one knows where it will go and this kind of high price of Bitcoin is the scariest of all if you are either a buyer or a seller.
Regrets for sellers and fear for buyers that it might be their wrong decision.
Good luck mate.

Short term, I doubt you will make a lot.
In long term a higher possibility.

[LeGaulois]

@Fortify

True it could lose 25% in a matter of time but if @OP really believes in Bitcoin and its concept, and he's the only one who can know it,  such an event is not something to worry about. Otherwise, it means he/she's just another weak hand.
We failed from $20k to $3k, 25% is peanuts compared to this^^

If you diversify your portfolio in different markets and different investment types, you have more capacity to absorb a loss. Diversity is always a golden rule while investing.

@bitmover

People asked the same question when Bitcoin was @1,000$, we said yes but people were not doing anything. They came back later to ask the same question again when Bitcoin was at @5,000$ with the same answer but still nothing was done. Since and repeat  @10,000k, @15,000...

[bitbunnny]

I don't think there is good and bad time to invest, it's only the good or the bad estimation of your investment capabilities and risk appetite. As well you might make the good or the bad choice what to invest in.
No matter what you choose always diversify your portfolio and never invest more than you can afford to lose, I think these are some basic principles. If you choose Bitcoin don't forget that is the most profitable on long term, just need to have enough patience and long term strategy.

[usekevin]

Hello my bitcoin brethren!

I come to you with a cunundrum today. One that's been weighing on me heavy for the past week.

Is it a good time to buy bitcoin, for a not too long term investment? And not just a couple of bucks but rather with a sum that would definitely sting (but not cripple) if the pendulum swings the wrong way.

I know your guess it as good as mine and the whole don't put in more than you are willing to lose and bitcoin is the least predictable investment venue...but perhaps you might know something I don't, especially consider how sharply it's been going up lately.
Some I realized don't like sharing what they know if they have juicy insight that they feel will change the course of things unfavorably for them if that knowledge was made public. If you are one of them, maybe you can PM me? 1 person won't make a difference.

So yeah, looking for expert, honest, advice.

Thanks!

My opinion is no for sure. When the price at the top, you should hold and don't trade. Because if the price of bitcoin again increased, their will be no problem. If you want to multiple the money your bank account, Patience is important one in such condition, by holding is best move. But do not leave the market and without buying a long term.

[GrinZ]

How patient you are before investing, I think you need to evaluate this, If you think you are a patient person, you can choose long-term bitcoin investment. It is one of those situations that I find risky if you have short term thinking. Diversifying your investment makes sense in these situations.

[Kong Hey Pakboy]

I think there is no such thing a time requirement on what day or time you should invest your money in bitcoin and other cryptocurrencies because it depends on your decision if you will have a bad or good timing of investing your money. But for me, I think it's not good time for someone to buy more bitcoin because they can simply lose more than 25% of their profit when bitcoin suddenly crashes it's price again, just like what happened last year 2017.

[shield132]

We can't predict whether bitcoin will be profitable for short-term investment or not. It can be... There was a moment in past when bitcoin went from 10k to 14k in just one-two days but once it reached 20K, then the price started declining and become as low as 3-4K. If you bought at that moment, bitcoin wouldn't be considered as a short-term profitable asset but on long-term, without a doubt - yes. Just see the history of bitcoin's price, it would be one of the best long-term investment that could be done recently.

To my mind, it's a good time right now to buy bitcoin. I think that it's a bull run that will continue for upcoming months, especially if we consider the fact that PayPal will fully implement crypto services in 2021 and VISA is also very interested in it.