Bitcoin investment

[MCobian]

If you are planning for a long-term investment you can buy Bitcoin at its current price. But if you are intending a short term investment, can wait
for the price of Bitcoin to fall even further, if Bitcoin drops below $ 40k it is a very good time to buy Bitcoin for short term investments. Then I agreed
to use investment capital by buying Bitcoin with a larger percentage, because Bitcoin is the safest for investment. Then the remaining capital that is
owned can buy some altcoins. If your capital is large, don't keep your Bitcoin on Coinbase, because it is very vulnerable to being hacked. It should
be stored in a hardware wallet which is much safer.

[XZERO1]

1) When is the time to invest? I can see today that Bitcoin is up 2.5%. Is it best to wait for a big drop or just get onboard now?
2) If I wanted to put 80% into bitcoin then 20% into something else - what would you recommend?

1) Buy some bitcoin with 20% of that 80% that you're willing to invest in Bitcoin and keep buying more bitcoin if it goes down more and add %25 for the next buy and add 35% more to your stack if it goes down even more, in other words never go all in at once, laddering buys and having some capital on the side to buy cheap always helps to give you way better average entry price and minimizing your exposure to risk.

2) Since you're a beginner start with high cap altcoins like Ethereum and Litecoin, low cap altcoins are high risk/high reward but it's better to avoid them till you get some grasp on trading and crypto market in general.

[MinInvesteringsGuide.dk]

Hi Guys,

I wanted to invest a bit of money (£1000 max at the minute until I understand a bit more) in cryptocurrency - mainly bitcoin.

I am a complete newbie so would appreciate some advice on the following:

1) When is the time to invest? I can see today that Bitcoin is up 2.5%. Is it best to wait for a big drop or just get on board now?
2) If I wanted to put 80% into bitcoin then 20% into something else - what would you recommend?

I am using coinbase. Thanks for your time.

Hey so the best time to invest in Bitcoin would be now. This holds true a year ago and five years ago, but in order to spread out your risk I would take advantage of Dollar Cost Averaginghttps://www.mininvesteringsguide.dk/dollar-cost-averaging. This would help spread out your risk.

Coinbase is a good idea if you are a complete noob, however, they have quite high fees compared to Binance for example.

Spreading out your investment could be a good idea, but I would not invest in smaller cryptos stick to the ERC20 tokens.

Best of luck 

[michellee]

Hi Guys,

I wanted to invest a bit of money (£1000 max at the minute until I understand a bit more) in crypto currency - mainly bitcoin.

I am a complete newbie so would appreciate some advice on the following:

1) When is the time to invest? I can see today that Bitcoin is up 2.5%. Is it best to wait for a big drop or just get onboard now?
2) If I wanted to put 80% into bitcoin then 20% into something else - what would you recommend?

I am using coinbase. Thanks for your time.

1. Yes, it is best to wait for a big drop that can happen anytime than to buy at the current price.
2. For that 20%, maybe you can buy ethereum or BNB or you can buy both ethereum or BNB for each 10%.

But you can buy for 100% in bitcoin, and then you can buy ethereum or BNB using your bitcoin. The other thing that I can suggest you make at least 3 orders buy to prevent if the price is down for more so you can get time to buy bitcoin at a lower price.

[sana54210]

1) Buy some bitcoin with 20% of that 80% that you're willing to invest in Bitcoin and keep buying more bitcoin if it goes down more and add %25 for the next buy and add 35% more to your stack if it goes down even more, in other words never go all in at once, laddering buys and having some capital on the side to buy cheap always helps to give you way better average entry price and minimizing your exposure to risk.

2) Since you're a beginner start with high cap altcoins like Ethereum and Litecoin, low cap altcoins are high risk/high reward but it's better to avoid them till you get some grasp on trading and crypto market in general.

That is the DCA method and it works %100 every time. I have done this, bought when it is going down AND up, bought in any price, and eventually bitcoin always goes up. Of course this is a long term thing, it is not a let's do it today and be in profit tomorrow thing, it is more like let's do this and be in profit 6 months later type of deal.

It is going to be hard, but it is not going to be impossible, it is going to be a bit more than exciting and anxious at the same time, you will see it go down sometimes, and be sad about it, and you will want to sell it when you see it going down a lot, everyone feels scared, even the richest people in the world feel a bit scared, but you have to end up not selling so that you could profit later on, that is where the real rich people become rich because they wait no matter what and they make a profit from it.

[isaac_clarke22]

~

Good thing I never had a bad experience yet from my bad habits back then. I still have some BTC in my web wallet but I still hodl some in a separate wallet that is just purely intended of hodl purposes.
My web wallet is particularly for side purposes or quick service to use my Bitcoin at because I am aware the risks in holding in custodial wallets. heh.

[blockman]

1. Just get on board.
2. BNB, ETH, or LTC. Any of those or you can actually buy all of them with the remaining 20% and just equate and divide the amount dedicated for the remaining 20% into three.

[Becky666]

~~~

1) When is the time to invest? I can see today that Bitcoin is up 2.5%. Is it best to wait for a big drop or just get onboard now?
2) If I wanted to put 80% into bitcoin then 20% into something else - what would you recommend?
<snip>

Don't get into bitcoin now becasue the market still showing signs of fall against the current buy, According to what we heard about bitcoin price, the price will dippen towards $30k before institutional buyers will step into the market even though they do the impact won't be felt seriously. Also, i would advise you not to buy all portfolio to be bitcoin, diversification should be a good idea for your investment becasue there are coins that can make more profit than bitcoin in a short-term.

[Theb]

Won't be really recommending a newbie to step in buying Bitcoin if they don't know anything about trading at all also we need to consider your emotional capacity if you can take Bitcoin/crypto trading because in my experience I have seen a lot of newbies who entered the market because of the hype and then later on losing their minds and money together because they don't have any plan at all after buying their first crypto. I suggest is for you to practice trading on a platform that allows you or just in a crypto portfolio management app and do mock buys and sell and see how you progress. If you don't have the time and patience for that and you are willing to lose your 1,000$ then just go ahead and feel the market as you please.

[taufik123]

The market condition is currently bearish and all coins are experiencing a decline in price due to bitcoin's deep correction. In a situation like this, a newbie or an expert is not recommended to enter the market because the risk of the decline in bitcoin prices has not stopped. You have to pay attention to market conditions first. Use a really mature strategy to get into bitcoin. Wait for the price to rise again and the uptrand occurs again. Now stay away from the market first. Don't waste your money for nothing, it will also disturb you mentally. If you are already signed in, keep holding and waiting for the price to rise, you must have a target price that you want to achieve.

[Ridwan Fauzi]

Have you buy bitcoin?

Bitcoin price is decreasing right now, seem like a correction is coming so you should be carefull if you don't have a good prediction, unless you choosing it as your long term investment, then you have to be comfortable because it will give you a good return.

As for an altcoin that still reccomended to buy is ADA (Cardano) this is a good coin. I've been holding it from this coin start to updrade its system to shelley and I still hold this coin until now. Although it has been giving me a huge profit for almost 70% from my initial fund I will not sell this coin, my target price is $3, so you can try it.

[TinaK]

Bitcoin investment is always good for long term correction so we always make good return in crypto investment. The current bleeding market is little hard to choose Bitcoin so we can move on other altcoins.
1. Traders are always monitor the pump and dump so they can invest a perfect coin on perfect time.
2. Trading is purely unpredictable so little analyse and predict our own though is a good decision.

[tygeade]

If you are planning for a long-term investment you can buy Bitcoin at its current price. But if you are intending a short term investment, can wait for the price of Bitcoin to fall even further, if Bitcoin drops below $ 40k it is a very good time to buy Bitcoin for short term investments. Then I agreed to use investment capital by buying Bitcoin with a larger percentage, because Bitcoin is the safest for investment. Then the remaining capital that is owned can buy some altcoins. If your capital is large, don't keep your Bitcoin on Coinbase, because it is very vulnerable to being hacked. It should be stored in a hardware wallet which is much safer.

Completely agree with that and any investors looking to buy and store bitcoins for long term should not be too bothered by the small fluctuations and shouldn't wait for a correction to happen because it might not happen and the price could reach even higher by time you plan to buy.

If you are a day trader though, I would say wait a little bit because the price is really high and you might not be able to get profits as quickly as you might want by selling.

(I am seeing some people are advertising their own services here (with paid subscription), I am recommending not to give any attention to such things as their initial step to promote their services is not in preferred manner.)

[SirLancelot]

When is the time to invest? I can see today that Bitcoin is up 2.5%. Is it best to wait for a big drop or just get onboard now?

I would say get on the board as soon as possible because there are some serious talks about $100k very soon, which might not happen but if it does, you would regret having money in hand but kept waiting for the right time. And one thing I can assure you, no one here on the forum knows which direction Bitcoin will move next. All we know is that overall the price movement is going to be upwards.

If I wanted to put 80% into bitcoin then 20% into something else - what would you recommend?

Not a bad idea but don't allocate too much towards unknown and new coins, instead go for projects which have a decent market cap like BNB, ETH and maybe DOT.

Its your call and its your money but if I was having the money and wanted to invest, I would go all in bitcoins looking at how much investors are jumping into the BTC market.

[Bitum]

If you want to invest in the long term, buy BTC and ETH now, right now is the right option, and just hodl, if you want to trade, there are other interesting tokens and coins on the market

[skarais]

If you want to invest in the long term, buy BTC and ETH now, right now is the right option, and just hodl, if you want to trade, there are other interesting tokens and coins on the market

Bitcoin has undergone a correction and is currently trading around $45.5K. This caused the price of most altcoin to experience correction, including ethereum. Bitcoin and Ethereum are good choice for long-term investment, but may not be suitable if the OP is still inexperienced in the market.

Large scale price correction and fall can affect new trader and investor and have resulted in a lot of losse (panic sell). Finally, mastery of emotion and control of the market must be owned by every trader or investor even if the price is corrected. In the long term, investor may have to ignore all price correction, but in the short term I think trader should apply a cut loss system when price down.

[Ziskinberg]

If you want to invest in the long term, buy BTC and ETH now, right now is the right option, and just hodl, if you want to trade, there are other interesting tokens and coins on the market

Bitcoin has undergone a correction and is currently trading around $45.5K. This caused the price of most altcoin to experience correction, including ethereum. Bitcoin and Ethereum are good choice for long-term investment, but may not be suitable if the OP is still inexperienced in the market.

When it comes to investment, see to it that we are willing to hold for many years to see a good profit on it. But I'm not sure if OP is willing to accept the challenge. With the current price correction, I think this is the best time for us to buy more, we might miss this because I was to believe that this will never drop hard as many wanting it. Or, OP has to consider Ethereum as it also declining.

Anyways, there a lot of altcoins which is good for investment, somehow we just miss it as we are focusing more on Bitcoin.

[Peanutswar]

I think one of the best things you must need is to make a knowledge regarding with the coin you want to invest because as you said you don't have any idea where to start up and the best thing is to make your self aware about the coin you want to invest in. For me I think bitcoin is the most efficient to make an investment, well I don't make a reservation with the ETH, DOT, and DOGE still your decisions too.

You can get an idea when is the right time to make an investment base on these data given by Lucius and tranthidung

The bull is here and bitcoin is on the middle range of this current parabolic curve.

A naively visual charts between 2017 and 2021 (price and volume).

• Volume: Yesterday, a huge spike occurs.
• What if the price history repeats itself?  

March looks like a sideway month. There are few years that March has days in top of most profitable or bloodiest days but the range is not too wide (means not big changes). An exception is 12 March 2020 with -37.2% between open and close price.
You can check it in the raw lists or the box plot.

• Bitcoin price history -- most profitable and bloodiest months, days
• I am waiting for something big in May or November (see the width of boxes in the box plot)

[Viscore]

1. Traders are always monitor the pump and dump so they can invest a perfect coin on perfect time.
2. Trading is purely unpredictable so little analyse and predict our own though is a good decision.

Well, I'm not sure but most of us here are not been in 24hrs watching the market, do the monitoring, and all of these things are not so important and why? Because it only taught you to become panic when seeing the red line. 

We know Bitcoin's potentiality and this is good for a long-term investment. We just hold for many years, check the market sometimes and it all be fine. For we are just investing and we are not trading that needs us to check all day and see if we are profiting or not. That absolutely no sense when are only investing in Bitcoin.

[skarais]

When it comes to investment, see to it that we are willing to hold for many years to see a good profit on it.

Of course, long term investment is more profitable when compared to the short term. But only bitcoin and altcoin tend to have great potential in the future such as Ethereum, BNB, and LTC as well as a few other altcoin. Also make sure they have done a good analysis before investing.

But I'm not sure if OP is willing to accept the challenge. With the current price correction, I think this is the best time for us to buy more, we might miss this because I was to believe that this will never drop hard as many wanting it. Or, OP has to consider Ethereum as it also declining.

Even though over the past 7 days bitcoin price has tended to fall, it is almost certain that the price fluctuation can give traders a good profit. Today the price is better than yesterday and it is profitable for traders if they buy before today.

Anyways, there a lot of altcoins which is good for investment, somehow we just miss it as we are focusing more on Bitcoin.

Doge, BNB, ADA are some of the altcoin that have been pumping quite strongly so far during this bullish period. But there is not much I can do, many people just follow the flow of bitcoin movement including me.