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Author Topic: Should you buy bitcoin right now?  (Read 1119 times)
DR MHM (OP)
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May 18, 2021, 03:30:54 PM
 #1

 it's too late to buy Bitcoin. Its value is increasing day by day.We should have bought it couple of years ago. In 2025 people will say it again, it's too late now. It us said that the future economy will depend on bitcoin.
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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May 18, 2021, 03:40:31 PM
 #2

So you are saying to buy it now because we are going to tell it again? "Should've bought more BTC."

In theory, it's a good thing. As time goes by, many more people will get involved and possibly have money to invest in the crypto market and make it even more applicable to everyone because almost everyone has smartphones to use. Once that happens, demand will rise, and it's a great hedge against the dollar.

If you think about it, all the things raised in price because of inflation. So usually, in the long term, it's going to rise in price as well. It's still best to risk what you can afford to lose and invest in what you believe in.

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May 18, 2021, 03:43:52 PM
 #3

In short, buy Bitcoin at any time will always profitable in the long run if you keep holding, so it's never late to invest Bitcoin. If you use Bitcoin for trading, then it's different since you need to analysis to find the right time to buy.

But right now the price keep dropping day by day caused by FUD, some people dont panic selling and some people waiting how long this dump will end to buy the bottom. It's better to buy Bitcoin right now if you had fresh money.

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May 18, 2021, 04:08:49 PM
 #4

If you have real uses of BTC (other than trading or invest for the long run) you shouldn't care about the price. Even in the case of 1 BTC=1$.
For example, you want to buy something costing $100, you buy $100 worth of Bitcoin. If BTC goes to 1$ you still have 100$ of BTC.
So what?

And that's the most important thing => use.

People should stop thinking of it as an investment vehicle. This is a mentality that really needs to change (for the benefit of Bitcoin).
And as proof, look at how the weak hands get out of the market as soon as the price crashes. For the people who really need Bitcoin, they will still be there, even if the price is dropped by half. The ecosystem will develop because there are people who need it, not because there are some people who think they are traders and spend their lives on Binance chasing the best shitcoin of the day

Satoshi didn't create Bitcoin as an investment scheme. Of course, you can gamble on its value if you want, but the price will increase with the real use cases, not because there are a bunch of people speculating on it

At the same time, the more people with real uses, the higher the price will go.

Should you buy bitcoins now? This is a question we hear every year, and every year the answer is the same.


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May 18, 2021, 04:16:37 PM
 #5

There is an interesting statistic which I came across recently. Bitcoin has been in existence for more than 12 years and it was first mined in 2009. And anyone who invested in Bitcoin from 2009 January to 2020 December is in profit right now. Only those who invested during a couple of months in 2021 are in loss. So 148 out of 150 months, Bitcoin has given profit for its investors. Now compare this statistic to that from various mainstream investment assets. I am 100% sure that it will be difficult to find an asset with a better percentage.
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May 18, 2021, 04:48:25 PM
 #6

it's too late to buy Bitcoin. Its value is increasing day by day.We should have bought it couple of years ago. In 2025 people will say it again, it's too late now. It us said that the future economy will depend on bitcoin.
People thought it was too late when the price was $2k, and then thought it was definitely too late at $20k. As Bitcoin has shown again and again, it sets the new ATH eventually, so no price seems too high. It's just that if you buy at a high price, you should be willing to see the price go down and patiently wait for months or even years to actually see some profit. BTC is currently worth less than $45k which seems pretty good to me, but it's okay to wait and see where this is going because if the bull market is over, it can surely drop significantly lower.

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May 18, 2021, 05:05:04 PM
 #7

it's too late to buy Bitcoin. Its value is increasing day by day.We should have bought it couple of years ago. In 2025 people will say it again, it's too late now. It us said that the future economy will depend on bitcoin.
Until recently, the price of bitcoin was over $ 60,000. It is now down to just over $ 43,000. For those who believe that bitcoin will at least recover at least to its previous price, this will be a good profit, which means that it is not too late to buy bitcoin now. Well, for those who do not believe in the further price growth of bitcoin, they should not buy it now.
In any case, there are no serious reasons for the fall of Bitcoin yet. The current price drop should be considered an expected and predicted correction, and everyone should decide for himself how to proceed in this case.

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May 18, 2021, 05:08:00 PM
 #8

i can say with confidence that 90% of those people who have always said things like "it is too late to buy bitcoin" or "bitcoin price is too high" are either bullshiting us or they have no idea what they are talking about because these people never buy bitcoin when price dips. they always buy at the peak instead or not at all.

otherwise if you look at the social media these days the same people should be celebrating that the price has come down this much for them to pay the same amount of money as before but get a lot more bitcoin in return.
but are they celebrating? no, they are panicking instead and selling the small amount they had before.

There is a FOMO brewing...
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May 18, 2021, 05:08:32 PM
 #9

it's too late to buy Bitcoin. Its value is increasing day by day.We should have bought it couple of years ago. In 2025 people will say it again, it's too late now. It us said that the future economy will depend on bitcoin.
This is an interesting question I come across many times at a time like this.
There isn't a clear answer to this as it really depends on your goals and reasons for investing. If you're looking as a long-term investor buying now might be a good opportunity but for quick turn around, again some could say this is a great time to short or buy low sell high.

You see, it is not an easy thing to advise others on. But the least we can do is give our opinions so you can decide for yourself.
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May 18, 2021, 05:18:00 PM
 #10

it's too late to buy Bitcoin. Its value is increasing day by day.We should have bought it couple of years ago. In 2025 people will say it again, it's too late now. It us said that the future economy will depend on bitcoin.
No one can surely predict on Crypto currency. Though bitcoin is a good and potential Crypto currency. Now its Price is a good position. Yes you are right that now by seeing bitcoin price most of the people tell that why they didn't buy some bitcoin some years later. But that doesn't make a sense that in 2025 also people say something like that. Because in 2025 bitcoin price will increase more or decrease no one can tell that. So your opinion is not fully correct.

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May 18, 2021, 05:20:00 PM
 #11

For long term, I can say it is never a mistake for buying bitcoin. The price of bitcoin has been proven to increase by years and because of being more famous, the number of bitcoin buyers never stop rising. Moreover, bitcoin is built to hedge the inflation when it is capped at 21 million coin

In short term, it is hard to know whether it will go up or down. The current price is too dangerous for ones to buy.





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May 18, 2021, 07:17:06 PM
 #12

Anytime is the best time to buy bitcoin IMO. The returns are not diminishing, and bitcoin is still guaranteed to be appreciating in value even if it reaches insane heights. There's really nothing to lose when it comes to buying bitcoin as long as one is patient enough to hold it even amidst the losses. People will always say that it is not worth it to buy bitcoin since the price is too high, but it will only grow higher from where it was since it's its nature after all.

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May 18, 2021, 07:28:23 PM
 #13

it's too late to buy Bitcoin. Its value is increasing day by day.We should have bought it couple of years ago. In 2025 people will say it again, it's too late now. It us said that the future economy will depend on bitcoin.
That's right, just like us when we're still new, we've said the same thing that it's too late and it's quite expensive already. And when we see bitcoin reaches $100k and above.
They're probably going to say the same thing if they have not yet bought bitcoin if that time comes which is for sure in the future.

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May 18, 2021, 07:34:16 PM
 #14

it's too late to buy Bitcoin. Its value is increasing day by day.We should have bought it couple of years ago. In 2025 people will say it again, it's too late now. It us said that the future economy will depend on bitcoin.
Lots had regretted on not to get in when bitcoin was still cheap or a few hundred bucks in terms of price or value  but since nothing can predict on the future then no one really did expect excluding to those who do
risk out and believe into its potential which it did really pays off when this market had boomed out. To look upon where these current price isnt really cheap to accumulate on but since we can
buy on gradual or in parts then its not really that much off a problem.When buying or storing up bitcoin then its up to someones motive neither they would be going for short term or long term.
Its up to someones choice on when they would get in and when they would get out.

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May 18, 2021, 08:04:51 PM
 #15

Given the way the market is behaving these days, it is too early to buy it. I think we need to wait a week if we do not drop the bitcoin price level below $ 40,000, then we have consolidated and the support level is strong. Then you can buy, on the other hand, you can skip the reversal from the current correction to growth and lose the opportunity to earn. Everyone decides for himself and takes the appropriate risks. But I would have waited another week or more.

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May 18, 2021, 08:11:50 PM
 #16

it's too late to buy Bitcoin. Its value is increasing day by day.We should have bought it couple of years ago. In 2025 people will say it again, it's too late now. It us said that the future economy will depend on bitcoin.

It's really a personal decision and can depend heavily on your finances. If you are expecting to see things like a 1,000% increase then you are much more likely to achieve that with other cryptocurrencies, simply because the total value of Bitcoin is already close to $1 trillion dollars. It took a huge amount of money to get it to the current point and for it to increase by 10% would require a fresh $100 billion from buyers. That sort of money is worth more than the market cap of most other altcoins put together. The total price of BNB (when at $509 per coin) is $78 billion to give some perspective and that is the third largest cryptocurrency on the market right now. It's very risky buying into anything near the peak, Bitcoin could still drop another $20,000 and still be in positive territory overall for the year. We might only be at the beginning of correction right now.

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May 18, 2021, 08:54:42 PM
 #17

Its value is increasing day by day.

For the past few days it's been decreasing day by day Cheesy

Nobody is going to tell you what to do, you have to decide for yourself.

If you don't own any bitcoins you should. That's my opinion. I won't tell you when to buy, but I strongly believe that every single person on this planet who has some spare cash should buy some bitcoin. It's too great of an opportunity to just watch it pass you by and the potential profit outweighs the risk.
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May 18, 2021, 08:59:05 PM
 #18

it's too late to buy Bitcoin. Its value is increasing day by day.We should have bought it couple of years ago. In 2025 people will say it again, it's too late now. It us said that the future economy will depend on bitcoin.
If you are a beginner, it is natural to question whether it is too late to buy bitcoin now because of its already high price.
You have to learn how bitcoin works and its risks, and besides that you have to know what causes the price of bitcoin to fluctuate and so on until you really understand it.
It's never too late to buy bitcoin if you hold it as an asset that can hold value or a long-term investment, do it gradually and continue to analyze and find accurate news that can help you choose to buy or hold. to continue the planned stages.
If you think the same thing will happen in 2025 then you don't hesitate to buy it, make purchases in stages and there will be a lot if done consistently and will generate big profits if you reach the target.

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May 18, 2021, 09:38:03 PM
 #19

Its value is increasing day by day.

For the past few days it's been decreasing day by day Cheesy

Nobody is going to tell you what to do, you have to decide for yourself.

If you don't own any bitcoins you should. That's my opinion. I won't tell you when to buy, but I strongly believe that every single person on this planet who has some spare cash should buy some bitcoin. It's too great of an opportunity to just watch it pass you by and the potential profit outweighs the risk.
If all people are saying how much potential bitcoin had that  should never be missed, then i should say that start investing in bitcoin right now. If you truly believe in bitcoin, you will definitely take the risk. It won't matter if bitcoin is not in its dip, but the fact that you will still hold it for long term, then it will eventually give you huge returns.

Bitcoin has always its flaws with its expected pump and dump moments but as long as it remains volatile, price fluctuations will do repeat again and again. So grab the opportunity in front of you so you won't make regrets later on.

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May 18, 2021, 09:49:57 PM
 #20

I think there is no specific time to buy bitcoins. Anyone who finds a chance should buy bitcoins. because bitcoin is a constantly getting stronger coin. We might regret not buying bitcoin years later. We should not be afraid to buy bitcoin in order not to say this in the future, as nowadays everyone said that it is advantageous to buy bitcoin a few years ago.

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