How reasonable is it to invest in Bitcoin in the current situation?

[pantek talacuik]

if you want to invest and trade I don't think it's too late to invest because Bitcoin is in the correction stage and has not yet reached ath above 65k$
if you only for the short term it is not a problem but you will only get a profit of 10-30% for each trade,

It may be their different choice to buy or wait for the Bitcoin price to experience a very bad decline. some people will also regret not making a decision last year by keeping Bitcoins. you can see the current price of Bitcoin which is very surprising. maybe next year will surprise others with the latest prices.

[1714750478]

1714750478

[1714750478]

1714750478

[1714750478]

1714750478

[kawetsriyanto]

I'd personally prefer to have my savings in Bitcoin, despite the risks than fiat currencies, any day of the week.

Means you put all your extra money into Bitcoin?
For saving, I prefer banks but for investment purposes, surely I choose Bitcoin or gold or land.
I think we still need fiats, not really can avoid using it. Especially like in my country, cannot use crypto for payment purposes. So, I divide my money into several purposes.

[yazher]

No one will attempt to invest when the price is at its current peak when they planning to sell it after a few days or months. rather investors will wait for the price to go down and start buying BTC when that happened, you need to act swiftly because you are not the only one waiting for it. As this method is already known, there are lots of people waiting for that to happen and the price will gonna pump after they enter the market.

[famososMuertos]

OP enters the classic question that works today, tomorrow and always, but the one that defines it correctly is the context, that is your financial situation, the return on investment plan, just to name two.

Your question transcends the feeling of ; if "buy" and it falls below the value "buyed," it is what you look at when you just arrive and the money is scarce, sorry if you are in the case of bussinesmaninvesting big money. I say this for ordinary people with a normal income who seek financial freedom in bitcoin, if this is your case even if the price of bitcoin falls to levels below $ 50k, investing requires money that you do not need in the short term, That is always independent of any situation.

That said, in the specific case of your question, anyone who understands bitcoin volatility knows that we are in bitcoin "friday" mode...although situations can change quickly.

[OgNasty]

As long as you have proper expectations and have the money to invest, it makes sense to diversify into assets like Bitcoin. If you’re trying to get rich quick, you should probably be careful. We are at the end of a long bull run and by every measure the market will be expecting a correction in the coming markets. If you’re looking to make a long term investment into Bitcoin, now might not be the most opportune moment, but dollar cost averaging is always a good idea.

[michellee]

if you want to invest and trade I don't think it's too late to invest because Bitcoin is in the correction stage and has not yet reached ath above 65k$
if you only for the short term it is not a problem but you will only get a profit of 10-30% for each trade,

It may be their different choice to buy or wait for the Bitcoin price to experience a very bad decline. some people will also regret not making a decision last year by keeping Bitcoins. you can see the current price of Bitcoin which is very surprising. maybe next year will surprise others with the latest prices.

If they can get bitcoin at $56k, they will not worry because the price is lower and is good to hold for some time to wait for the price to rise again. But even if the price is down for more, that price is still good to buy and as usual, after the price reaches a lower price, it will bounce for a while to the high price. The next year could be the time for bitcoin to explode and rise higher but bitcoin still have time until the end of this year to increase. It is good to see bitcoin price now can moves for a little price and hopefully, it will still continue.

[Masabdoel9]

At the end of the year, we do not see much progress in the market. The market is still in a correction mode. Meanwhile, the market has been in the same position for a few days. How reasonable do you think investing in Bitcoin now in this situation?

Is the cheap price / correction in the hunt for traders?

The aftermath of the mass sell-off was due to concerns about the contagion effects of China Evergrande Group and investors who were focusing on the policy direction of the U.S. central bank, the Federal Reserve. It keeps me unaffected.
There is no harm in its 50% allocation of altcoins and the rest of it bitcoin. Because not all whales will be subject to the news that happens. want pump or dump jiga I have to choose I will buy it..

[imstillthebest]

At the end of the year, we do not see much progress in the market.  How reasonable do you think investing in Bitcoin now in this situation?

there is a progress and that progress is huge  . that is the reason why one should invest in bitcoin because every new year bitcoin shows an impressive growth  .

The market is still in a correction mode. Meanwhile, the market has been in the same position for a few days.

it might be correcting now because it is been increasing consistenly last time so that is not a big deal and besides you can use this as an advantage to invest more because the year is ending again and after this , we are going to see a new heights again .

[Botnake]

At the end of the year, we do not see much progress in the market.  How reasonable do you think investing in Bitcoin now in this situation?

there is a progress and that progress is huge  . that is the reason why one should invest in bitcoin because every new year bitcoin shows an impressive growth  .

The market is still in a correction mode. Meanwhile, the market has been in the same position for a few days.

it might be correcting now because it is been increasing consistenly last time so that is not a big deal and besides you can use this as an advantage to invest more because the year is ending again and after this , we are going to see a new heights again .

The on going correction does not bring all negativity because it can be a good opportunity to start investing at a lower price and bitcoin is definitely a great example of it. So if you believe that bitcoin has high potentials to be more valuable in the future, then now is the right time to take the risk even if we say that it’s price is not really at its bearish. And in fact, this correction will create more support level for bitcoin and all those major altcoins to end up with their new ATH at a higher value.

[Nutrient]

It’s not unreasonable if your reason is investing. It’s correction mode, look for a suitable entry. For the past 10months we’ve seen the growth of BTC this year, look for a good entry, apply proper risk management and you’ll be in profit, LONG TERM.

[worle1bm]

At the end of the year, we do not see much progress in the market. The market is still in a correction mode. Meanwhile, the market has been in the same position for a few days. How reasonable do you think investing in Bitcoin now in this situation?

Just look at the past price charts and analyze what do you think that it will go below or high? Many have not trusted it at $100 also or even lower and now they just regret they get a chance to invest at that levels.We are busy asking these questions and on the other side btc is going out of your reach with time.

[Chato1977]

if you are not into Hurry then there are always reason to invest even in this situation that the price is growing and dropping , look how much you can afford to invest and lose and also look at how the market moving ups and downs.
this will give you Idea on how much you can keep holding and how weak you can keep selling.
Buy now if the funds is ready to risk thats it.

[Obito]

It's not yet the end of the year, there's still December and I think that it's not a good thing to be pessimistic about the market right now just because there's only a month left, instead see this as an opportunity to buy more crypto now that the prices are not yet pumping.

[btc78]

At the end of the year, we do not see much progress in the market.

Who told you? we are more than a Month from year end so who says we are no seeing much progress? few weeks ago Bitcoin recorded another ATH so idon't see logic in your statement here.

The market is still in a correction mode.

Wrong , the correction is over what we are having now is the incoming investors and they are waiting for right timing to re enter.

Meanwhile, the market has been in the same position for a few days. How reasonable do you think investing in Bitcoin now in this situation?

You are thinking over , but you seems like not understand the real situation of market.

[Oasisman]

At the end of the year, we do not see much progress in the market. The market is still in a correction mode. Meanwhile, the market has been in the same position for a few days. How reasonable do you think investing in Bitcoin now in this situation?

Always reasonable. This is actually the same thoughts from the people who has been thinking Bitcoin wasn't reasonable to invest after the pump when it was still at $1,000, $3,000, $10,000 or even $15,000. Afaik, Bitcoin was slowing down and seems hovering around that range before. But now look at how far Bitcoin has come.
If you're not trading, then I guess it's always reasonable to invest in Bitcoin from a long term perspective.

[haasanjui]

Bitcoin is in 10k$ dip its last high price was 69k$ and current price is 59k$ and many of investors state that in coming season it will reach on 100k$ and it will Great Success. So its time to invest and hold to get huge profit.

[topbitcoin]

At the end of the year, we do not see much progress in the market. The market is still in a correction mode. Meanwhile, the market has been in the same position for a few days. How reasonable do you think investing in Bitcoin now in this situation?

If still doubt, i think it is worthy to wait more. If people want to made investment in crypto, i think he should be ready for it no matter in what price as long he analyze and not forced by other people to buy the coins. We as "the others" only can tell them what benefir and risk in this investment so they are ready for any condition that might be happen to their investment.

[zaesvlas]

Why not take it now? As for me, all the conditions for buying are now there, and growth is predicted.

[Kasabus]

Why not take it now? As for me, all the conditions for buying are now there, and growth is predicted.

If you have the faith in bitcoin, then start investing now because even if its risky, i know you will still be profitable in the long run because bitcoin will always rise up from any dumps and still end up bullish. As long as you're not here for short term profits, then start accumulating bitcoin and hold it for quite some time until your target selling price is already achieved. After all, there's no worries when you invest in bitcoin because its value will definitely follow an upward position no matter how many correction or price dumps it will encounter along.

[Questat]

Very reasonable especially if your plan is to hold it for long term.  however, if you are investing for short term, then I suggest that you wait until the market will dip or correct as usually, that's the right opportunity to buy so you'll earn a short term profit. There are situations now that bitcoin would just dump then recover in the next few days, just like the current situation, it dump at $55k and now we are going to $60k again.