Sunrise360 (OP)
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July 18, 2022, 01:35:09 PM |
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As a newbie one finds it difficult to know the right time to invest. I really want to know if I can actually invest into Bitcoin at this moment.
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NeuroticFish
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As a newbie one finds it difficult to know the right time to invest. I really want to know if I can actually invest into Bitcoin at this moment.
It depends solely on you, really. There's a saying that's always the right time to invest in Bitcoin. I would add though that you have to make sure you know what you're doing and you should not invest money you cannot afford to lose (or keep invested for longer than initially planned). The price is low now, but especially on short term it may go lower or may go up like crazy. (There are other possible scenarios too, also similarly likely!). I don't know. I usually recommend DCA - buy more smaller amounts in different days - but, again, it may be good or not. Bitcoin has a history of making the investments look great after 4 years, no matter how bad they look earlier. I hope it'll keep this performance Edit: keep in mind that all advises on this forum are ideas, not financial advises; you have to decide for yourself what you do with your money.
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Charles-Tim
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Leading Crypto Sports Betting & Casino Platform
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July 18, 2022, 01:48:45 PM Last edit: July 29, 2022, 07:00:35 AM by Charles-Tim |
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Bitcoin all-time-time was $68900, now at $22000, a very good opportunity to invest. But if you know you can not wait for long term like 2 years or more, I will advice you not to invest, or invest what you can afford to lose. If you hold, you will make profit.
You can as well use DCA investment plan which should be better.
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mk4
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July 18, 2022, 01:57:51 PM |
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No one knows when the "best" time to invest is. We're investors (and traders) here, not fortune tellers. Investors invest in assets that they think will go high in the future, regardless if their timing is perfect or not; because one thing you need to realize early on that you can't accurately predict price movements.
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AakZaki
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July 18, 2022, 02:38:46 PM |
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Anytime is the right time if you really want to invest in bitcoin. but first you need to know what the benefits and risks will be. Currently the market is still unstable, bearish pressure is still strong, you can do some analysis before entering, it is very mandatory to do. Every decision is up to you, because you use your own money for investment, remember investing certainly takes time to get a profit.
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Despairo
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July 18, 2022, 02:50:41 PM |
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If you don't know anything about Bitcoin and only follow those expert saying that you will become a millionaire in few years later, you should stop to buy Bitcoin at this moment. It doesn't mean I want to stop you to invest in Bitcoin, I'm a Bitcoin enthusiast too and I invest most of my money in Bitcoin since I really trust in Bitcoin. But if someone want to invest and doesn't know what he invest for, that's really a dumb person.
I wouldn't surprised those people will call Bitcoin as scam when Bitcoin price will goes otherwise than their prediction.
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dimonstration
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July 18, 2022, 02:54:38 PM |
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As a newbie one finds it difficult to know the right time to invest. I really want to know if I can actually invest into Bitcoin at this moment.
Now is always the right time for Bitcoin to invest if your goal is a long term investment because the price will surely grow in the future due to its deflationary token supply design and first mover for cutting-edge blockchain technology. Any price point after the peak or ATH is surely a great opportunity for investment. This is not a financial advice but rather just an insights on how valuable Bitcoin is in the future. We might not see Bitcoin at this price level for a long time once the market already recover and break the ATH.
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sensimilia
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July 18, 2022, 03:09:51 PM |
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As a newbie one finds it difficult to know the right time to invest. I really want to know if I can actually invest into Bitcoin at this moment.
The market was stable for some time after the high dump. Now the market is slowly increasing again. It looks like the market will not go below 20k. Now the market will gradually move upwards. so in my opinion i think now is perfect time to invest in bitcoin and also altcoins. we can get big profit in short time by investing in altcoins. Now altcoins moving soo fast
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crwth
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July 18, 2022, 03:24:16 PM |
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The right time would differ from person to person, and only you can determine that.
Ideally, you can try to try averaging on your entry to take advantage of the coin's volatility. If you want, then you can buy more. It would help if you also took care of the risk you will take because you might lose everything with it. It's better to believe in the coin you are buying than buy more and more. Maybe that could make you richer.
What is your aim or what is your "why" on investing?
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salad daging
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July 18, 2022, 04:24:41 PM |
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[1]. [Guide] Best Way/Timing to Purchase any Coin[2]. [Tips] Before Trade[3]. Step-by-Step Guide for Beginner Crypto TradersThat's a guide you can learn a little about whether it's time to invest now, of course it must be with your own research. For me now it is more appropriate to invest in bitcoin now the price is still low even though there are many measures of how appropriate to invest, but I think we are right. If you plan to invest in DCA above, there is a guide you can do it because this is a fairly consistent investment you make every month.
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$crypto$
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Smart is not enough, there must be skills
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July 18, 2022, 05:17:02 PM |
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No one knows because everyone is different in choosing the right time to invest, if you want advice from other people it will be different but you can do it yourself with the efforts you can, for example thinking about the right price, the risks to be faced and the benefits that already targeted it must have a good plan for your investment. The only thing now is that you have to start by yourself and will start the experience it will make some lessons that you feel, bitcoin has a relative price to buy as long as your target is clear.
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R |
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sovie
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July 18, 2022, 10:33:40 PM |
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No one knows because everyone is different in choosing the right time to invest, if you want advice from other people it will be different but you can do it yourself with the efforts you can, for example thinking about the right price, the risks to be faced and the benefits that already targeted it must have a good plan for your investment. The only thing now is that you have to start by yourself and will start the experience it will make some lessons that you feel, bitcoin has a relative price to buy as long as your target is clear.
There is no right time to invest - if you want to do it do it now. Start saving up and investing your money - because in the investment can save you from trouble nothing else - because financial freedom is very important.
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dunfida
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July 18, 2022, 10:49:48 PM |
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As a newbie one finds it difficult to know the right time to invest. I really want to know if I can actually invest into Bitcoin at this moment.
Not only newbie but all of people here on crypto space does share up on the same problem on which there's no one could ever know or tell about the right time to invest.For sure majority of us would really be finding the bottom price as much as possible and the right time to get in and just like on what others been saying that this decision would be entirely be depending on you on which whether you do go for long term hold on bitcoin or would really love to play with moving or volatile prices in a short time. Invest on what you can afford to lose as always because there's no assurance that your investment here on crypto would end up on positive but there's a potential So its someone the risk to take.
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jossiel
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July 18, 2022, 10:52:56 PM |
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As a newbie one finds it difficult to know the right time to invest. I really want to know if I can actually invest into Bitcoin at this moment.
Short answer: Yes. Yes, if you're not going to sell low at this price that you're about to buy. That's the easiest assessment that you can do, if you're thinking of selling then you just have to wait until price goes up. So, current price is $21,600. Do you think that's enough for you to buy and wait until the next pump comes? Most of the investors are long term and won't totally feel the matter of the current price as something low or high.
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bitgov
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July 18, 2022, 11:18:47 PM Last edit: July 18, 2022, 11:37:01 PM by bitgov |
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As a newbie one finds it difficult to know the right time to invest. I really want to know if I can actually invest into Bitcoin at this moment.
Short answer: Yes. Yes, if you're not going to sell low at this price that you're about to buy. That's the easiest assessment that you can do, if you're thinking of selling then you just have to wait until price goes up. So, current price is $21,600. Do you think that's enough for you to buy and wait until the next pump comes? Most of the investors are long term and won't totally feel the matter of the current price as something low or high. I think the right time to invest was 10 years ago or it is today. Find ways of investing in the blooming business or the bitcoins. If you don't have big investment start small.
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sheenshane
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July 18, 2022, 11:31:24 PM |
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As a newbie one finds it difficult to know the right time to invest. I really want to know if I can actually invest into Bitcoin at this moment.
When you see that the market has a price correction and that's might the right time to invest in Bitcoin. Actually, there's no perfect time or the best time to invest in Bitcoin, because everything in crypto is unpredictable no one really knows the actual movement in the market. All you have to do is patiently wait until your profit were there, it's been proven and tested for how many years that Bitcoin price always has ATH, so possible it could be folded your capital for how many times. However, this wasn't the purpose of Bitcoin, we should use Bitcoin for the purpose of alternative currency.
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Mpamaegbu
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Once a man, twice a child!
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July 18, 2022, 11:42:12 PM |
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Even though we can only make guesses when it comes to this industry because of its speculative nature, I take the liberty of telling you to buy now in response to your question. Bitcoin price has lost around 60% from its last ATH compared to the current price it's trading. It may still go down in price but I don't think it's going to be any horror buying now. Just buy with cash you won't miss. Buy it, then close your app and not constantly check on it like a kid would check in excitement for a newly planted maize seed to sprout.
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Slow death
Legendary
Online
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Leading Crypto Sports Betting & Casino Platform
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July 18, 2022, 11:49:07 PM |
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I advise you to do the following:
1 - do technical analysis on bitcoin chart
2 - set the exact price you want to buy and how far you can take the risk if the price drops
3 - define the price at which you intend to sell and how far you can hold, for example:
you will buy at 22000$, you know that you can take the risk of the price falling to 14000$ and you can bear this loss for 2 years and you know that you will sell at 60,000$ and you can wait 3 years to reach that value.
you have to have it all planned out to avoid disappointment
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tranthidung
Legendary
Offline
Activity: 2450
Merit: 4273
Farewell o_e_l_e_o
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July 19, 2022, 02:18:58 AM |
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As a newbie one finds it difficult to know the right time to invest.
We have to consider many things before making a decision. Not only investment decision no matter what how young or how old we are. It is never easy to make a decision. I really want to know if I can actually invest into Bitcoin at this moment.
I can not answer it for you, because that decision will be affected by two many factors - Your personal condition
- You must have own reasons why you want to invest in Bitcoin. If you have a wrong stand point, you are not investing, and only speculating with hope that your speculation will bring profit in the end. Then when you witness a crash, a temporary loss, you will be panic and cut loss.
- Your plan for financial things in your life and whether the budget you want to spend for investment will affect your financial life, in case it ends as a loss
- The market condition: technically, in view of long term investors, it is very good time to invest
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adaseb
Legendary
Offline
Activity: 3878
Merit: 1733
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July 19, 2022, 03:50:33 AM |
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Nobody knows when the bottom will be. Many people here think they have it figured out but in reality they are just guessing. The bottom might of happened or it might not be for a couple weeks or months.
Best advice is just to by little by little. So if it goes lower you get to average down your cost and if it goes higher you average up your cost but lower than market value since you had a lower price previously.
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