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

[tokyohd]

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?

[jackg]

If slowness puts you off investing in crypto, just keep your money out of it - in fact most investments are pretty slow too so if you're wanting to invest and grow your funds then get used to it...

Maintaining a price at this level does take some doing though, we've gone from $6k to $60 in 18 months so slowness now really shouldn't cause people to panic or get bored as it's also building resistance for if we go higher.

[mk4]

Quick question, are you looking to trade it, or actually invest in it? These two are very different things. Because if you're actually looking to invest, looking at the recent price movements shouldn't really matter if you actually think that it's going higher in the long-term.

[fiulpro]

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?

I do think that investing at any time is reasonable since at the end of the day, the future price is not something that anyone can predict with full certainty, if you do want to invest and do have extra money to do so then you definitely should take a step forward and do it.

Even during the covid we have seen pretty promising graph which is looking reasonably well for the future as well. If you are looking for day trading, you should wait for a bit and if you are just into general investing then why not? The price usually falls down after February but before that I do feel it climbs up.

Go for the long term you would have a lot of benefits.

[Vaskiy]

Whether it is bitcoin or some other investments, there'll be price correction, market crash, bull trend and bear trend. When we consider something as an investment then it needs to be kept idle or kept for hold for certain time period. Considering that in mind one can invest into bitcoin unlike the market trend.

Right now market correction is under process, buying at the moment could bring in profit. Based on the opening post it looks like your plan is short term profiting. In such case it is good to prefer some Metaverse projects that are in the hype.

[pealr12]

The problem is many investors of these days are only for short term basis if not there is no need to get confused when to invest in btc especially when it is at the dip, if you think there is more dip to come then you can hold back and watch the market go the direction it chooses, otherwise now is as good a time as any other day.

[macson]

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?

do you think that the current bitcoin price is too high? if yes then you are very wrong....the price of bitcoin has the potential to rise up to 5x over the next few years so buying bitcoins today is very "sensible"..here are a little reasons i can give.

[taufik123]

when the price enters the bearish area as it is today, this is a good opportunity to buy at a lower price. I personally add my assets to several altcoins as well as bitcoins. To reach a new ATH, a correction is indeed needed and this is a condition where Bitcoin is preparing to reach a new ATH again.
Capital management is needed in order to be able to buy at the lowest price.

[bitmover]

Quick question, are you looking to trade it, or actually invest in it? These two are very different things. Because if you're actually looking to invest, looking at the recent price movements shouldn't really matter if you actually think that it's going higher in the long-term.

Just take a look at USD inflation. It is now above 6.4%, and it certainly does not look to be something temporary.

Monthly 12-month inflation rate in the United States from October 2020 to October 2021

Theoretically, bitcoin is an amazing protection against inflation. It was designed for that.

I think it is very reasonable to have a decent amount of bitcoin, for anyone, anywhere in the world.

[avikz]

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?

Lol! People have already started buying while you are still confused! Every dip is an opportunity to buy more! All you need to understand that bitcoin is an accumulation game. There are 7 billion people in the world and only 21 million bitcoins can ever exist. So the more you accumulate, the better. Bitcoin is volatile but that's why it gives ample opportunities to enter into the market. If you don't see such signals, it's better to stay out of the bitcoin market.

[Upgrade00]

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

Are you speculating here or following past events? There's no repetitive pattern and the market reacts differently in different years. If everyone knew when the market doesn't progress and when it does, everyone would make money.

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?

I would definitely invest now, when investing short term actions do not matter much, just the long term potentials.

[Sterbens]

There's nothing unreasonable, as long as it's still called a correction and you specify the % you want to take, then it's certainly a profit benchmark when the price starts to grow giving an upward signal. It's simply like that in Bitcoin, and there's no need to worry. Especially if you hold it in the long term, you will definitely not experience losses.

If you talk about market progress, you may forget that so far, the market has actually carried out many rallies that have been carried out several times. Is that still not enough. Let's look at the movement of Bitcoin for several months, then experience a correction for only a few days, after which it makes a bigger reversal. Coupled with a lot of positive sentiment that is getting more and more, it could be more likely to encourage price increases at the end of this year.

[Quidat]

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?

Invest on what you can afford to lose as always because this had always been like this whenever we do caught ourselves on this particular condition which its really hard to make out some decisions basing on the market movement today on which you would really be hesitating on doing such action because you dont know on what would be next this is why risk taking would really
be crucial on these moments because its whether you do accept it or would just wait until t he market settles and this is something wont really be easy.

[Finestream]

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?

Invest on what you can afford to lose as always because this had always been like this whenever we do caught ourselves on this particular condition which its really hard to make out some decisions basing on the market movement today on which you would really be hesitating on doing such action because you dont know on what would be next this is why risk taking would really
be crucial on these moments because its whether you do accept it or would just wait until t he market settles and this is something wont really be easy.

The on going correction phase would cause a little destruction for some short term traders but for most of us who are investing bitcoin for long term, i think we are already used to this. After all, we will not sell if the peak price is not reached yet, and we won't be selling at its low prices too.

However, the current situation makes the market more unpredictable because we don't have any hints either the market will continue to be bullish or bearish in the next few days. But as long as we are patient enough to wait for the right time to make profits, then even how slow the market moves, it won't be a big deal for us, unless you are longing for quick profits, it won't really be possible this time.

[bitzizzix]

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 the current bitcoin situation confuses you, don't do it, don't value bitcoin in the near term to give you a profit, but look at bitcoin for the long term as it will give you good returns.

because a correction or whatever happens to bitcoin that has already happened will definitely happen again and so on, but eventually it will rise again from the previous high price for the long term and return to a correction or whatever and so on.

[rhomelmabini]

Well, if it's just investing I guess you can try to DCA from here or even it goes lower, an investor wouldn't mind I guess. Progress doesn't come monotonically as if it's always rising, beware that this is still an speculative asset in the first place and progress may a little bit bumpy for most short term individuals.

[24Kt]

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 the current bitcoin situation confuses you, don't do it, don't value bitcoin in the near term to give you a profit, but look at bitcoin for the long term as it will give you good returns.

because a correction or whatever happens to bitcoin that has already happened will definitely happen again and so on, but eventually it will rise again from the previous high price for the long term and return to a correction or whatever and so on.

First, he needs to be a believer of bitcoin because it is hard to invest on a certain thing if you have no confidence towards its existence. Because slight fud in the market and he may panic and sell it at a loss. You will find a lot of reasons to invest in bitcoin if you are already long time crypto user. But if you are just new here, he may still be confused or not convinced about the capability of bitcoin. With the past decade of existence of bitcoin and its market performance throughout the years, I can say, there's a very good reason why it is good to invest in bitcoin.

[batang_bitcoin]

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

Are you sure that you don't see much progress? Because for me, I've seen a lot of progress and they're great!

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

Don't look at the allowance of each day but, look at the months and years that has passed and tell that there's no progress within those periods. If you're a trader, it's usual to look at the market daily. But if you're not, look at the chart and zoom it out.

How reasonable do you think investing in Bitcoin now in this situation?

Still one of the best thing that everyone should do.

[adzino]

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?

No one can answer this question for you. You should know better than anyone else if now is the right time for you to invest in bitcoin. You know your financial situation, so you decide. Can you afford to lose all your money? Then just invest. Now is the perfect time. The price took a dip. Take the advantage of this dip and invest as much as you can. Keep holding until your reach your profit goal. Maybe a year or two? Don't wait or you might end up regretting like rest of those that never invested in bitcoin when it was cheap.

[Issa56]

I think you don't really know much about bitcoin, if you really know about it I think you shouldn't be asking this question. In cryptocurrency if you can't have patience then you are not ready to make good profit, because you don't just expect bitcoin to be pumping easily just like that I believe it will be moving gradually and in market there is always a correction which lot's of people always panic and sell doing correction because they are scared of dump, which currently u believe bitcoin is just making correction and am waiting for another step upward so I believe is your choice to buy now or buy later, you can do your research and make sure you invest in any amount you can afford to lose.