Is buying BTC now, the best option ???

[Fivestar4everMVP]

Halving have been the major catalyst to almost all the bull run the bitcoin market have experienced over the years, I believe some people already know this and are already accumulating bitcoin silently, in preparation for next year's bitcoin halving, this is probably the reason why bitcoin has been climbing up little by little.

If you don't already hold bitcoin and planing to invest, I think now is the best time to do so, as I believe that the price might continue to go up, with little pull back from time to time.

I still feel like something like this is possible despite in some cases a lot of people have said that some of us are still doing DCA and when talking about the best time actually regardless of what the conditions are for a few months or maybe from years ago buying bitcoin is still the best time and it's not wrong to admit something like this because indeed this is something that I think is feasible and even almost everyone who is here agrees that they are long-term investors.

Well, It is actually important that anyone investing in bitcoin should do so looking at the long term prospect, bitcoin has grown past the stage when one could buy bitcoin at that moment and then, in just few hours, cash out big profit, those times have past.

The times we currently are, is the time when those investing in bitcoin must think long term, else, you might sell at a big loss, and also, to DCA  is another great buying strategy which every bitcoin investors must know how to make proper use.

[1714751986]

1714751986

[Easteregg69]

The xen project is now completely fired. Don't you ever make them rich again.

And don't be mad!

The xen project is now completely fired. Don't you ever make them rich again.

And don't be mad!

DBxen has harmfull admin.


I think the biggest problem with bitcoins is people says it's immutable. And I tell you why.

[moderator's note: consecutive posts merged]

[Blurr007]

Definitely,
The Main purpose and dream of every business is "growing big".
Bitcoin reaching over $28k shows that they've come a long way,
And as the biggest crypto market, they will love to increase in terms of price and market cap.
There are times market price falls and rise, it is all part of marketing.


So, investing in bitcoin will be of benefit to investors, as long as bitcoin sticks to the main purpose of every business stated above.

[JoyMarsha]

First of all, due to how inexpensive bitcoin is right now in comparison to its all-time high, anyone who has a long-term investment aim in bitcoin should consider doing so. By making an investment today, you commit to hodl it until the price of bitcoin increases, as is expected to happen in the coming year(2024-2025). The amount they invested and the skyrocketing price bitcoin reached, will determine the profits they end up making from their long-term investment in bitcoin. Although there is a strong likelihood that people who bought bitcoin at a low price and sold it at a high price will have made profits because the halving season always brings about the bull run

[Yatsan]

A breakout could happen once it crosses the $30k market price which could create a new market resistance. Problem is, what if the other way around happen? Once its price fall down to $25k it might continue falling because nothing supports the increase happened this year. Also, if you would observe the price chart of not only Bitcoin, long green and red candles are appearing in an instant which could be big investors placing their orders and this is simply a manipulation made by them. What makes this risky is once long candle is followed by more long candles; downfall and correction. So to answer the question whether right now is the best time to buy or not, it would be depending on your endurance to take both pumps and dumps given that no one is certain of what will happen. Don't worry, it will never be too late, best time to buy is when you are ready for the consequences.

[leonair]

~snip~

Bitcoin is a currency that constantly brings profit to its users. If you believe in Bitcoin and have been watching Bitcoin for a long time then you will definitely see this. So investing in Bitcoin past, present or future is always a good plan. But of course it is always more profitable to invest in dip condition.  So always try to buy bitcoins in dip market.Then it might give you comparatively more profit.  Bitcoin price has been on dip from ATH for a long time so it can see pump higher anytime and again make new ATH soon.  So it won't be bad to invest in Bitcoin now. Always invest following DCA it will reduce your risk a bit

[Woodie]

When it comes to buying bitcoin and taking its prices into consideration,  lets always remember that bitcoins potential has not been fully unlocked and this generation is very much tech savvy... which means in the future when most monetary transactions will be all going digital,  expect cryptocurrencies to be on the top list and btc could be X50 the value of today.
In short there is no wrong or right time to buy your bitcoins, buy at every chance you get, good luck.

[ChiBitCTy]

I think no one knows the way which bitcoin is heading for sure. I’ve maintained that for the most part most people should be deploying a DCA/Dollar Cost Averaging strategy to buy bitcoin. Again, you can try and time the market, but that it just extremely difficult and honestly takes a lot of luck. Putting a little bit of money in to bitcoin over the course of time will insure you get your bitcoin as well as get some when’s its “low”.

[Bazzu]

As at today, April 1 Btc grew by 1.96% hitting $28,571 in the last 24hrs.



we could be expecting the next bull run in the crypto market which will most likely be led by BTC to start in 2024 reaching it's highest in 2025.

one major element that can catalyse the next bull run, is the Bitcoin halving that triggers every 4 years.  And as expected after every Bitcoin halving comes a  Bull run in the crypto market.

 So, from the look of things, don't you think that investing in Btc at the moment could be worth considering?

I don't think we will know what will happen in 2024,

and if we look at the chart, of course we will have 2 choices, namely between going up or going down very sharply.
but actually we will not be too late to buy now, and in my opinion now is the right moment to buy and it is better to use the dca system in every purchase.
but in my opinion, don't worry about the price of bitcoin because even if the price of bitcoin drops sharply, of course it won't be long before it will definitely rise again quickly.

[GreatArkansas]

A breakout could happen once it crosses the $30k market price which could create a new market resistance. Problem is, what if the other way around happen? Once its price fall down to $25k it might continue falling because nothing supports the increase happened this year.
(....)

I'm tired of $28,000 . As of now, we are back again above $28,000. I believe this is far better, I am happy even though we will not see $30,000 these coming days, as long as we stay above $28,000. I feel so safe when we don't have a lot of dumps happening.
$30,000 is a magnet here, we don't just need to hurry.

[Ale88]

So, from the look of things, don't you think that investing in Btc at the moment could be worth considering?

Are you asking on a bitcoin forum if investing in bitcoin is a good idea? Right now we're more than 50% below the previous ATH, no one knows if bitcoin will make a new low but anyway buying at this time, for me, is a good idea, there is a lot of space for a great growth during the next 2 years. Best thing would have been buying below $20k.

[laurenB7742]

A breakout could happen once it crosses the $30k market price which could create a new market resistance. Problem is, what if the other way around happen? Once its price fall down to $25k it might continue falling because nothing supports the increase happened this year. Also, if you would observe the price chart of not only Bitcoin, long green and red candles are appearing in an instant which could be big investors placing their orders and this is simply a manipulation made by them. What makes this risky is once long candle is followed by more long candles; downfall and correction. So to answer the question whether right now is the best time to buy or not, it would be depending on your endurance to take both pumps and dumps given that no one is certain of what will happen. Don't worry, it will never be too late, best time to buy is when you are ready for the consequences.

You are right, there is no best time to buy or best time to sell, it all depends on the stamina and goals of each investor. But I think once invested in bitcoin, it should be considered a long term investment as short term is unpredictable, and if comparing the current price with old ATH, this is also a good time to accumulate bitcoins. In the case of bitcoin falling further, just not selling won't make a loss, but if bitcoin rebounded strongly, we would have made a profit and didn't miss the opportunity to buy cheap bitcoin.

[Stella Mese]

I don't think we should be in a hurry to buy BTC because we have to look at the situation and conditions, because we won't know the price of bitcoin in 2023 whether it will continue to rise or fall very sharply, so in this case it depends on our readiness,
if for example we are ready to buy btc with the risk at the current price in my opinion, it is possible to buy btc at the current btc price.
but it would be even better if we wait for btc to drop first and immediately make a purchase.

[borovichok]

A breakout could happen once it crosses the $30k market price which could create a new market resistance. Problem is, what if the other way around happen? Once its price fall down to $25k it might continue falling because nothing supports the increase happened this year.
(....)

I'm tired of $28,000 . As of now, we are back again above $28,000. I believe this is far better, I am happy even though we will not see $30,000 these coming days, as long as we stay above $28,000. I feel so safe when we don't have a lot of dumps happening.
$30,000 is a magnet here, we don't just need to hurry.

Bitcoin is slow on the chart and it's movement will take the whole day, I'm not impressed with the situation. However some traders have already recovered their losses because I'm pretty sure we have risk takers in the space and they'll do anything within their reach to make significant figures from the dump and pump of Bitcoin. BO will triggered as soon as it hits the $30,000 level, just get ready to long it once you have a good setup. I'm making good profits with the scalping strategy on bitcoin, and I hope it keeps consolidating because that's the main the zone I'm confident on opening entries on the trade.

[rahulzx]

I don't think we should be in a hurry to buy BTC because we have to look at the situation and conditions, because we won't know the price of bitcoin in 2023 whether it will continue to rise or fall very sharply, so in this case it depends on our readiness,
if for example we are ready to buy btc with the risk at the current price in my opinion, it is possible to buy btc at the current btc price.
but it would be even better if we wait for btc to drop first and immediately make a purchase.

Though there is a point, if BTC won't drop sharply we miss the dip no? As you mentioned it's on our readiness.
 

[Bitcoin_people]

When there is a bear market in Bitcoin, you should understand the market movements and buy. Because then the market takes a position in a parity and later again it turns into a bull market. Especially if you analyze the market and get an idea about its future, you can be successful in investing. and when you can get a good profit by investing, then more interest to invest will be revealed from inside your mind. So you invest by understanding the market position and surely you will never face loss.

[MarjorieZimmermanGinger]

I think no one knows the way which bitcoin is heading for sure. I’ve maintained that for the most part most people should be deploying a DCA/Dollar Cost Averaging strategy to buy bitcoin. Again, you can try and time the market, but that it just extremely difficult and honestly takes a lot of luck. Putting a little bit of money in to bitcoin over the course of time will insure you get your bitcoin as well as get some when’s its “low”.

At least we have a method to see the development of Bitcoin in year to year, the process of accumulation of ATH achievement is usually marked every four years, although it could be slightly shifted or occurs faster than estimates. This is what provides a foundation and understanding to some people enter the market and try to collect as many bitcoin as possible.

But there is one interesting thing that makes people not need to think too much about the direction of Bitcoin, the DCA pattern is believed to be very appropriate to get bitcoin and we can set the time to make a purchase. This provides an opportunity for anyone to collect bitcoin with the amount of capital we have.

[Baoo]

Absolutely yes, due to the current price is still under $30K and in my opinion, once Bitcoin breaks it, it will definitely rise significantly ( Bull run ).  It means If you buy now, you won’t regret later especially if your investment strategy in middle or long term. However, it might take a lot of time to see ATH ( $69k) again probably  in 1-2 years. We never know what will happen though.

In my opinion , Bitcoin will hit the highest price of all the time in 2025 but that’s just my personal prediction. Furthermore, the market is extremely volatile, and BTC’s price is up and down but with low value. It means short term investment in unprofitable. And you might lose a huge amount if you take the risk during this period.

[kryptqnick]

Even though people generally believe that Bitcoin will recover, many tend to ignore the opportunity of investing during long bear markets, waiting allegedly for a bottom to be reached, and then when Bitcoin is up 30% over a short period of time or something like that, they start getting interested and thinking about investing. The price isn't as good as it used to be, but others are right that it's still pretty good (less than half of the ATH point, and Bitcoin tends to surpass previous ATH when a new bull market is happening). And nobody knows whether it will get much lower from here in the future.

[robattfield]

Well some market participants just look at others they really lack confidence in themselves, I'm not sure OP will sleep through the doldrums of 2022. But the experience I learned when the market fell The price is the time when they are learning to accumulate, and when it recovers it depends on the strategy of each person that they will decide accordingly.
However, the case of bitcoin tells me that even if you buy at the ATH price, over time you will still have the opportunity to profit from it, and the truth is when they are patient enough and believe in it can be bought at any time.