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livingfree
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March 23, 2023, 08:37:05 AM
 #21

long-term investment strategy in cryptocurrencies is often more fruitful than short-term trading. Investing in Bitcoin at the current price of 28k could be a good entry point for a long-term investment, considering its historical price trends and market growth potential.
No offense but I see traders in short term that are winning their trades. But I have to agree to you that the majority of long term strategy is much better and easier to do.

The risk is there for both options but it's riskier if you do choose the short term path because no matter what the situation of the market, you need to act on it because you're following a pattern to make some profit.

Therefore, it's important to invest only the amount you can afford to lose and diversify your investment portfolio
And as you diversify, DYOR.

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March 23, 2023, 09:17:44 AM
 #22

Bitcoin price is currently 28k and I have 5k usd fund which I want to invest in crypto currency, and want to make this investment for long term, want to wait until next ATH or touch current ATH.
Do you think it would be perfect to invest in Bitcoin now or should I wait for a few more days to get a good DIP?
I am actually very weak in analysis so I would like to know from your personal analysis that Bitcoin can go below 20k again?

Even if you ask the experts in the market, they can't give a perfect answer according to your wishes, bitcoin is unpredictable. If you want to hold for the long term, you don't need to be good at technical analysis, do a simple comparison, and compare the current price with the price you want to sell or with the old ATH of bitcoin. You can see that bitcoin is a lot cheaper than the old ATH, so it makes sense to invest at this price. If you fear bitcoin will drop again, don't buy one time but split $5k into 3 parts and buy bitcoin every time bitcoin drops more. We call it dca, learn about DCA then make an investment decision.

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March 23, 2023, 10:24:26 AM
 #23

Nice tool, but doesn't seem to give accurate results.
I'm trying to calculate my DCA from last 1 year and it returns 25% less difference. More precisely presents a 6% increase, while the correct one has a 32% increase.

I tried other tools and so far, this tool is the most accurate of all I tried https://www.dca-cc.com/dca/bitcoin

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March 23, 2023, 11:46:58 AM
 #24

Bitcoin price is currently 28k and I have 5k usd fund which I want to invest in crypto currency, and want to make this investment for long term, want to wait until next ATH or touch current ATH.
Do you think it would be perfect to invest in Bitcoin now or should I wait for a few more days to get a good DIP?
I am actually very weak in analysis so I would like to know from your personal analysis that Bitcoin can go below 20k again?

The price of Bitcoin is always unpredictable, but making technical analysis for it increases your chances of guessing it. For me, it is not that bad to invest your funds on it in its current price, because you're still gonna make profits once it reaches its last All Time High. If you want, you could do 50:50 purchase, buy now using your $2,500 USD then use the remaining half once it dips in a price you wanted.

It's much better rather than waiting 'till it dips below $20,000 again while you're watching its price skyrocketing.
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March 23, 2023, 12:07:12 PM
 #25

want to wait until next ATH or touch current ATH.


Why will you have to wait to touch current ATH before investing? If you have to wait for that time then it may not be important to invest again because the margin of your profit may have been reduced.

Do you think it would be perfect to invest in Bitcoin now or should I wait for a few more days to get a good DIP?


The dip you see today you might not see it again or you might not see it often especially when the market has entered a bull mode then the dips won't come as expected. Sometimes it is better to take a proactive step. This year seem to have defied the bitcoin analysis and so nobody is surely speaking in determining what step next for the price.
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March 23, 2023, 12:14:43 PM
 #26

Bitcoin price is currently 28k and I have 5k usd fund which I want to invest in crypto currency, and want to make this investment for long term, want to wait until next ATH or touch current ATH.
~snip~

Simple question - did you have that $5000 a few months ago when the price was under $20k? Even if the answer is NO, you had an opportunity about ten days ago when a dip happened and you could have made a good purchase then. The problem with people who think like you is that they always think they can buy cheaper, and while they wait for that to happen, they miss every good opportunity.

Maybe you should consider trying the DCA method if you can't decide when is the right time to make a big investment.

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March 23, 2023, 03:25:51 PM
 #27

Bitcoin price is currently 28k and I have 5k usd fund which I want to invest in crypto currency, and want to make this investment for long term, want to wait until next ATH or touch current ATH.
Do you think it would be perfect to invest in Bitcoin now or should I wait for a few more days to get a good DIP?
I am actually very weak in analysis so I would like to know from your personal analysis that Bitcoin can go below 20k again?
Since you mentioned you're investing on it for long term which I hope will be atleast 4 years then just invest on it straight away, there might be a dip like it can down to 25K at the same time it can reach 30K in no time so just invest at the current price then wait for the next bull season by that time the value will be atleast 5 times than now in terms of fiat.









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March 23, 2023, 04:49:49 PM
 #28

Bitcoin price is currently 28k and I have 5k usd fund which I want to invest in crypto currency, and want to make this investment for long term, want to wait until next ATH or touch current ATH.
Do you think it would be perfect to invest in Bitcoin now or should I wait for a few more days to get a good DIP?
I am actually very weak in analysis so I would like to know from your personal analysis that Bitcoin can go below 20k again?

Mate, no one here controls the Bitcoins. No one here is the Nostradamus who will exactly predict the price and tell you when to buy or when to not. To be honest 28k usd is not a bad price to buy the coins. Many people have bought the coins when it was around 48k usd, so comparing that you are very lucky that you are able to buy the coins in such a cheap price. Moreover Bitcoins are limited in number, hence they are very much valuable, so they will definitely skyrocket in price. Buy as many coins as you can now, and hold for long term. Definitely you will see great profits in the longer run.

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March 23, 2023, 06:08:35 PM
 #29

future prediction is very difficult and we cannot say that the future price will be in dip or up. But if you are willing of holding bitcoin for lengthy periods of time so surely buy bitcoin and wait for appropriate time to come then sell it with the percentage which give you more profit. yes now bitcoin is 28k $ but we are not assured about its up and down in coming days because there occurs regular changes in price in a matter of seconds. Don't wait more because may be the price get elevated more than this so you will think that buying at 28k was better than this therefore I will suggest you to buy at 28k and then let it save for some years.

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March 23, 2023, 06:45:57 PM
 #30

You can enter the crypto market anytime you want if you are willing to wait for a long time. That's the beauty of crypto world. If you are waiting for Bitcoin to dump again, then you are affected by greed. And this is a major problem amongst traders/investors. Just to gain that small profit, are you loosing in the long run? Ask yourself this and you can find the answer there. If you are planning to HODL for long term investment, then where's the problem in joining now? Price will fluctuate for sure, but for a little amount of time. Don't let your emotions get in between your decision. When you zoom out the price chart and look at it based on monthly candle, the price jump seems nothing special.
This is what i want to say to you, but in the end, it's your asset, and you should do whatever feels ok to you.
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March 23, 2023, 06:47:53 PM
 #31

Bitcoin price is currently 28k and I have 5k usd fund which I want to invest in crypto currency, and want to make this investment for long term, want to wait until next ATH or touch current ATH.
Do you think it would be perfect to invest in Bitcoin now or should I wait for a few more days to get a good DIP?
I am actually very weak in analysis so I would like to know from your personal analysis that Bitcoin can go below 20k again?
At the end of the day this is your decision and no one can take it for you, it is true the price increase we have been experimenting during the last week was not expected but right now there is no reason to believe the price will go down, so if you have the money, a plan and the desire to buy bitcoin then I do not see the need to wait at all, now it is true you could obtain more bitcoin if you wait for a dip, but what would you do if the dip does not come? You will have to buy for an even higher price than the one we have right now.

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March 23, 2023, 08:59:29 PM
 #32

Simple question - did you have that $5000 a few months ago when the price was under $20k? Even if the answer is NO, you had an opportunity about ten days ago when a dip happened and you could have made a good purchase then. The problem with people who think like you is that they always think they can buy cheaper, and while they wait for that to happen, they miss every good opportunity.

Maybe you should consider trying the DCA method if you can't decide when is the right time to make a big investment.
If he have that amount when BTC is under $20k, there is a chance that he already have invested and he won't be here asking this question. 10 days ago is march 13 and the lowest price that time was $21k. That was still a good buy indeed but again what if he don't have a cash that time? Only $6k to $7k is the price that he missed there and I think that wasn't totally huge compared to what we will be having later on.

Indeed that he better not wait for the dip but he should start investing now, now that the price is still on this position. He shouldn't waste time because he can only regret it and he will came up with a doubt or a confusion again.

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March 24, 2023, 06:38:36 AM
 #33

Bitcoin price is currently 28k and I have 5k usd fund which I want to invest in crypto currency, and want to make this investment for long term, want to wait until next ATH or touch current ATH.
Do you think it would be perfect to invest in Bitcoin now or should I wait for a few more days to get a good DIP?
I am actually very weak in analysis so I would like to know from your personal analysis that Bitcoin can go below 20k again?
buying now is recommended instead of waiting for bitcoin to return to 20K and buying it, but buying for the current price is advised not to use full capital, you can divide it into several stages of buying, if the price drops again then you can buy it again. because no one will know when the price will go up or down, they can only predict and analyze according to their abilities

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March 24, 2023, 11:36:02 AM
 #34

If he have that amount when BTC is under $20k, there is a chance that he already have invested and he won't be here asking this question. 10 days ago is march 13 and the lowest price that time was $21k. That was still a good buy indeed but again what if he don't have a cash that time? Only $6k to $7k is the price that he missed there and I think that wasn't totally huge compared to what we will be having later on.

It is possible that he did not have that money before, but it somehow seems to me, considering his post, that this was not the case after all. Maybe he was just waiting for another crash to happen, because after the price fell below $20k, speculations started again about whether the price will reach close to $15k or even lower again.

As I already wrote, some people are so indecisive and constantly change their minds that good opportunities simply slip in front of their noses every time. That's why I wrote that for such people it is best to practice DCA because you don't have to think too much, every week or month you invest as much as you can afford.

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March 24, 2023, 12:10:56 PM
 #35

Bitcoin price is currently 28k and I have 5k usd fund which I want to invest in crypto currency, and want to make this investment for long term, want to wait until next ATH or touch current ATH.
Do you think it would be perfect to invest in Bitcoin now or should I wait for a few more days to get a good DIP?
I am actually very weak in analysis so I would like to know from your personal analysis that Bitcoin can go below 20k again?
buying now is recommended instead of waiting for bitcoin to return to 20K and buying it, but buying for the current price is advised not to use full capital, you can divide it into several stages of buying, if the price drops again then you can buy it again. because no one will know when the price will go up or down, they can only predict and analyze according to their abilities

Hard to say now since bitcoin starting to pump already, but if they could take the risk since they are for long term hold then maybe we can see a good result for it in next couple of months or even next year since bitcoin halving is approaching. This event is the most awaited by many investor since many speculate for another huge pump, if you want to invest now maybe try to see first the movement of the market and decide if this is good or you can still able to wait for further more possible good entry.

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March 24, 2023, 12:24:44 PM
 #36

Bitcoin price is currently 28k and I have 5k usd fund which I want to invest in crypto currency, and want to make this investment for long term, want to wait until next ATH or touch current ATH.
Your plan is good enough to choose bitcoin as a long term investment and I also do the same with bitcoin not with altcoins, therefore you must be mentally prepared to start and put all the money you have in bitcoin, even though we don't know when ATH will happen but bitcoin has a fairly good cycle every halving occurs, so there is still hope for you to start from now.

Do you think it would be perfect to invest in Bitcoin now or should I wait for a few more days to get a good DIP?
I am actually very weak in analysis so I would like to know from your personal analysis that Bitcoin can go below 20k again?
We never know when bitcoin will go down regardless you yourself want to buy Dips but I suggest doing it in the DCA strategy this will be better than you buying Dips who don't know when this will happen, actually it's not a problem even if you buy with a lump sum at the current price because still for me the price now is still very low.
However, if you believe that bitcoin will experience another correction, then please wait, but never regret when you see the price of bitcoin rising again.

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March 24, 2023, 02:04:53 PM
 #37

Bitcoin price is currently 28k and I have 5k usd fund which I want to invest in crypto currency, and want to make this investment for long term, want to wait until next ATH or touch current ATH.
Do you think it would be perfect to invest in Bitcoin now or should I wait for a few more days to get a good DIP?
I am actually very weak in analysis so I would like to know from your personal analysis that Bitcoin can go below 20k again?
Investing in crypto for the long term would be a good decision as the value of the coins may increase further in the future. It is difficult to determine the exact price as the market is not stable but it is expected not to go below 20k. Even if the price goes down a bit, it will go up again it is easy to earn good profit in long term investment.

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abel1337
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March 24, 2023, 02:29:34 PM
 #38

Bitcoin price is currently 28k and I have 5k usd fund which I want to invest in crypto currency, and want to make this investment for long term, want to wait until next ATH or touch current ATH.
Do you think it would be perfect to invest in Bitcoin now or should I wait for a few more days to get a good DIP?
I am actually very weak in analysis so I would like to know from your personal analysis that Bitcoin can go below 20k again?
We have different take on where bitcoin will go now. If you are weak on analysis just take someone opinion that is more logical to you and bet on it if you really want to invest and maximize your potential profit. In the end, You can possibly make a profit long term as most of us is bullish on bitcoin for long term. It will just take a while before it materialize but yeah profit is very possible for long term, No need to argue with it as most of the people are on the same line. Just don't panic and just hodl the plan that you follow didn't go as you expect. Buy BTC and cameback to it when it's bull run already, it's more effective that way if you don't have the balls of steel to see your bitcoin investment not going on the direction you want.
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March 24, 2023, 04:17:58 PM
 #39

Bitcoin price is currently 28k and I have 5k usd fund which I want to invest in crypto currency, and want to make this investment for long term, want to wait until next ATH or touch current ATH.
Do you think it would be perfect to invest in Bitcoin now or should I wait for a few more days to get a good DIP?
I am actually very weak in analysis so I would like to know from your personal analysis that Bitcoin can go below 20k again?
Unfortunately no one will be able to predict the price exactly whether it will fall in a few days or vice versa but what is certain is that in recent times the price of BTC has experienced rapid movements. You are targeting the long term then actually it is not a problem to buy at $28,000 or below as BTC price is not going to fall very deep in my opinion. When the decision has been taken to buy, then whatever price movements you don't need to regret because you have to focus on your long-term targets, and patiently waiting for the BTC price to reach what you have targeted.

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March 24, 2023, 06:53:32 PM
 #40

We never know for sure whether bitcoin will turn red or go higher in the next few days. You said you're ready to hold on for a long time, so I think it's time to buy bitcoin. But if you feel you can buy bitcoin at a lower price than now, then you can allocate half of the money you have to buy bitcoin now. And if that amount is too big, then you can trim it again.
We can only give advice here with what we see at the moment, and the decision is yours. You just need to be strong in holding bitcoins for the long term.

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