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Author Topic: Is buying BTC now, the best option ???  (Read 1579 times)
irhact
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April 08, 2023, 05:01:17 AM
 #81

If we keep thinking the time isn't right then we will never buy, I think it's better to buy immediately with the money we can consider lost, then hold until the profit target can be achieved, many people always hope to buy cheap, but when the price is cheap comes so they think keep waiting then the price goes up and he regrets it then hopes to buy again when the price is low.

People with the mentality that the time isn't right are always procrastinators and they don't achieve anything in life. If you buy now and the market dumps, it doesn't mean you're in loss. You can only lose when you sell your coins in losses but if you hold your Bitcoin until the bull market returns then you'll be back profit. Holders never lose and it's less riskier than trading.

Investors that have developed the habit of holding are the most successful people in Bitcoin history. Not even the traders comes close to their success. You might never see Bitcoin at the price it is today again so why not buy now that it's trading for this low or do you want to panic and buy when the fomo is high during the bull market.

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April 08, 2023, 05:09:58 AM
 #82

Buying bitcoin at any time there will be a fear of loss because the price can drop at any time, but if we don't buy then the opportunity to get profit will never happen and if there is an increase in price we can only see other people get profits.

We should know that once invested, there is a risk not only with bitcoin but with any asset there is a risk. Therefore, as long as we are ready, we should invest immediately, do not hesitate because the longer we wait, the opportunity will be taken away by others. If we are afraid of losing money, do not expect to make a profit, there is nothing in this world that is both safe and profitable, everything has to be traded to achieve it.

To be fair, Bitcoin is a risky investment, but its returns are higher than any other investment. OP, as I said, don't hesitate, the sooner you buy, the better for you.

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April 08, 2023, 07:03:20 AM
 #83


To be fair, Bitcoin is a risky investment, but its returns are higher than any other investment. OP, as I said, don't hesitate, the sooner you buy, the better for you.
Well, I believe that all investment is risky, most especially if you never know what you are doing. But that really matters? Not really, I would say that people are investing in Bitcoin because it was a profitable investment. They don't care about the risk instead, they look at what they will get from having this in their life. Because the more we think about risk, the more it influences our minds and even drags us to think negatively as well, it has a mental effect and it was difficult if we have this.

If we are buying Bitcoin, make sure that we have trust and faith in this, otherwise never expect success.



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April 08, 2023, 09:02:31 AM
 #84


To be fair, Bitcoin is a risky investment, but its returns are higher than any other investment. OP, as I said, don't hesitate, the sooner you buy, the better for you.
Well, I believe that all investment is risky, most especially if you never know what you are doing. But that really matters? Not really, I would say that people are investing in Bitcoin because it was a profitable investment. They don't care about the risk instead, they look at what they will get from having this in their life. Because the more we think about risk, the more it influences our minds and even drags us to think negatively as well, it has a mental effect and it was difficult if we have this.

If we are buying Bitcoin, make sure that we have trust and faith in this, otherwise never expect success.

People who are investing in bitcoin are not that they don't care about risk, they are taking risks for greater rewards. And moreover, they only invest with the money they can lose, which shows that they are very risk averse, if really they are not as afraid as you say, they have already borrowed money, they have sold their house, sold their property to all in bitcoin.
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April 08, 2023, 09:03:26 AM
 #85

Buying Bitcoin every time you have the extra funds is the BEST OPTION! lol. Seriously though, this strategy works like magic. Just don't go investing amounts that you cannot afford to lose or funds that are already needed for some necessities. Trust me, this method gives less headaches and good profits over time, no need for stressing yourself out with trends, strategies/trade plans, technical analysis etc., etc. That is, if you aren't a day trader. If you are, then it would be best to depend on your own trading plans and technical analysis.
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April 08, 2023, 12:59:00 PM
 #86

Buying bitcoin at any time there will be a fear of loss because the price can drop at any time, but if we don't buy then the opportunity to get profit will never happen and if there is an increase in price we can only see other people get profits.

Why fearing for losses? You did good research right? You know that Bitcoins are limited in numbers, that is more Bitcoins cannot be produced or created. So this makes Bitcoins very much rare. Now if you don’t buy and hold the Bitcoins then how you gonna make profit when the demand for the coin increases in the future? In order to fulfil the demand, the price has to go up, and hence if you have any Bitcoins with you, then you will sell that in high price. And profits come with risks only, so yes you need to take risks. Now when we talking about Bitcoins, any kind of risk will be sure and calculated risks. Just you need to be patient.

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April 08, 2023, 01:19:22 PM
 #87

If we keep thinking the time isn't right then we will never buy, I think it's better to buy immediately with the money we can consider lost, then hold until the profit target can be achieved, many people always hope to buy cheap, but when the price is cheap comes so they think keep waiting then the price goes up and he regrets it then hopes to buy again when the price is low.

People with the mentality that the time isn't right are always procrastinators and they don't achieve anything in life. If you buy now and the market dumps, it doesn't mean you're in loss. You can only lose when you sell your coins in losses but if you hold your Bitcoin until the bull market returns then you'll be back profit. Holders never lose and it's less riskier than trading.

Investors that have developed the habit of holding are the most successful people in Bitcoin history. Not even the traders comes close to their success. You might never see Bitcoin at the price it is today again so why not buy now that it's trading for this low or do you want to panic and buy when the fomo is high during the bull market.

You are right that you lose nothing unless you sell bitcoin at a loss. But many people invest the money they might need at any time. That is, money that cannot be risked. Cryptocurrencies are attractive because it creates the illusion that you can get rich quick just by buying coins. But when the market starts to fall, most sell at a loss.
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April 08, 2023, 02:59:22 PM
 #88

You are right that you lose nothing unless you sell bitcoin at a loss. But many people invest the money they might need at any time. That is, money that cannot be risked. Cryptocurrencies are attractive because it creates the illusion that you can get rich quick just by buying coins. But when the market starts to fall, most sell at a loss.
That's called a wrong investment strategy, there are no cases of loss when people know the best way to invest, buying and holding bitcoins until they reach the desired target is the best way to achieve profits, if after the buying process the market has decreased, then it's just a matter of waiting for the next price increase.

That's why many people say bitcoin is the best asset for the long term and losses depend on how one understands the market, unless people invest in other coins and it's hard to see the same moment as often happens in bitcoin. Basically investing in bitcoin is very easy, but many people misunderstand market conditions and are not used to falling prices, so in these conditions they try to make the wrong decisions.
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April 08, 2023, 03:09:31 PM
 #89

You are right that you lose nothing unless you sell bitcoin at a loss. But many people invest the money they might need at any time. That is, money that cannot be risked. Cryptocurrencies are attractive because it creates the illusion that you can get rich quick just by buying coins. But when the market starts to fall, most sell at a loss.
That's called a wrong investment strategy, there are no cases of loss when people know the best way to invest, buying and holding bitcoins until they reach the desired target is the best way to achieve profits, if after the buying process the market has decreased, then it's just a matter of waiting for the next price increase.

That's why many people say bitcoin is the best asset for the long term and losses depend on how one understands the market, unless people invest in other coins and it's hard to see the same moment as often happens in bitcoin. Basically investing in bitcoin is very easy, but many people misunderstand market conditions and are not used to falling prices, so in these conditions they try to make the wrong decisions.
Yes, bitcoin is probably the best investment option among cryptocurrencies. But as you said, you need to learn to understand market conditions first, which can take years. During that time, you usually make a lot of mistakes, which can be called experience. And only after that comes the understanding of your actions. For example, market manipulation encourages you to buy bitcoin when it is expensive. But for some reason few people talk about cryptocurrency at all now, because no one wants to make everyone rich.
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April 08, 2023, 04:07:12 PM
 #90

Bitcoin has proven to be profitable if we hold it in the long term, I'm happy because I bought it at around $19k in January and now it's more than 40% profit, don't hesitate to invest in bitcoin because we can easily get big profit opportunities, the strategy is to hold and don't sell sell when below the buy price.
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April 08, 2023, 05:25:29 PM
 #91

If we keep thinking the time isn't right then we will never buy, I think it's better to buy immediately with the money we can consider lost, then hold until the profit target can be achieved, many people always hope to buy cheap, but when the price is cheap comes so they think keep waiting then the price goes up and he regrets it then hopes to buy again when the price is low.

People with the mentality that the time isn't right are always procrastinators and they don't achieve anything in life. If you buy now and the market dumps, it doesn't mean you're in loss. You can only lose when you sell your coins in losses but if you hold your Bitcoin until the bull market returns then you'll be back profit. Holders never lose and it's less riskier than trading.

Investors that have developed the habit of holding are the most successful people in Bitcoin history. Not even the traders comes close to their success. You might never see Bitcoin at the price it is today again so why not buy now that it's trading for this low or do you want to panic and buy when the fomo is high during the bull market.

You are right that you lose nothing unless you sell bitcoin at a loss. But many people invest the money they might need at any time. That is, money that cannot be risked. Cryptocurrencies are attractive because it creates the illusion that you can get rich quick just by buying coins. But when the market starts to fall, most sell at a loss.
There are some investors who invest with a long-term investment thought but after a period of time they are forced to sell their Bitcoin holdings at a loss when they are financially distressed. And at that time the big investors who are there take advantage of the market and profit a lot. When Bitcoin is bearish, some sell for money and some don't want to miss out on the opportunity to buy Bitcoin at a low price. Bitcoin holders should invest money that will not need to be sold until the expected time.

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April 08, 2023, 07:14:38 PM
 #92

So, from the look of things, don't you think that investing in Btc at the moment could be worth considering?
Don't just look at the current price of Bitcoin instead, think about the better future of this project. In fact, when the price of Bitcoin is just $1, people never think about it becoming $10k. They got opened their minds when another ATH comes and eventually changed their views and respect for Bitcoin. If you are keen on investing long-term, Bitcoin is a great choice. Think about what happened before and make it a reason why it was one of the best coins to choose from because even if it was at $29k or $30k, imagine of how much you earn if it reaches $100k 2 years from now.
This will be the same thing for the future as well. They see it's under 30k right now, and think that even on the best possible chance it could go double in a few years, and that's not worth the risk. But they will regret this because in a few years we will be super high and we should be careful not to miss that chance. I have investments all over in crypto but majority of my money is in bitcoin and it will stay that way for a long time as well.

I just don't feel like that should change anytime soon. I know many people are either out of crypto, or they like smaller cap stuff to make more money, but there are a ton of people like me who invest into mainly bitcoin because we know that it would be the most profitable one for sure.

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April 08, 2023, 07:59:31 PM
 #93

There are some investors who invest with a long-term investment thought but after a period of time they are forced to sell their Bitcoin holdings at a loss when they are financially distressed. And at that time the big investors who are there take advantage of the market and profit a lot. When Bitcoin is bearish, some sell for money and some don't want to miss out on the opportunity to buy Bitcoin at a low price. Bitcoin holders should invest money that will not need to be sold until the expected time.
Using money that will not be used for other purposes in the future will keep the investment on track.
If you cut losses just because of emergency needs it will not be good for trading or investing.
When bitcoin is bearish it is time to start buying again and increase bitcoin ownership assets, not selling to reduce losses.

Buying Bitcoin is a very good choice, but the strategy that must be used must also be quite appropriate.
Management will play an important role in the smooth running of the strategy, financial management, and risk management must be done.

R


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April 08, 2023, 08:58:33 PM
 #94

People with the mentality that the time isn't right are always procrastinators and they don't achieve anything in life. If you buy now and the market dumps, it doesn't mean you're in loss. You can only lose when you sell your coins in losses but if you hold your Bitcoin until the bull market returns then you'll be back profit. Holders never lose and it's less riskier than trading.

Investors that have developed the habit of holding are the most successful people in Bitcoin history. Not even the traders comes close to their success. You might never see Bitcoin at the price it is today again so why not buy now that it's trading for this low or do you want to panic and buy when the fomo is high during the bull market.
I think it's always good to buy bitcoins when you have the urge regardless of the price. If indeed you are in doubt because the price seems high, then DCA is a strategy to consider. It might be good to hold off on a purchase if someone is expecting gains in the short term, but if they are expecting gains in the long term then I think purchase is advisable.

Buy and hold, I think it's a great idea to expect long term returns. Besides, bitcoin is still very low compared to last year, so buying now is good, but buying later is also not a problem.

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April 08, 2023, 09:03:29 PM
Last edit: April 08, 2023, 10:10:52 PM by Mr.suevie
 #95

Buying Bitcoin every time you have the extra funds is the BEST OPTION! lol. Seriously though, this strategy works like magic. Just don't go investing amounts that you cannot afford to lose or funds that are already needed for some necessities. Trust me, this method gives less headaches and good profits over time, no need for stressing yourself out with trends, strategies/trade plans, technical analysis etc., etc. That is, if you aren't a day trader. If you are, then it would be best to depend on your own trading plans and technical analysis.
I will testify to this suggestion as buying bitcoin with extra funds is what I have been doing and it has really proven to be less stressful as you have stated. This method relieves you of unnecessary stress of constant calculation in the price of bitcoin because you bought the coins with actual cash you are not using. But even at this it's takes a well dedicated person to hold the purchased bitcoin in the current price rate. Bitcoin is truly an asset worth having because you are certainly sure of the price increase some day.

R


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April 08, 2023, 09:20:45 PM
 #96

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?
In my personal opinion I think that it is never a suggestible things to invest when the market is pumping or already pumped. But if the coin is bitcoin and investment for long term then it is ok. Even then there is no need to put the all fund at together in one there is a already way to make Dca strategy for investment. However, at the end I will say that yes it could be also worth if you wanna invest now on bitcoin because if we see that bitcoin is now at dip position from its all time high, but the investment should be long-term.

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April 09, 2023, 06:24:24 AM
 #97

In my opinion, by buying immediately, we can immediately make a profit, never delay investing, many people know bitcoin when the price is cheap, for example when the price is $ 10 but they don't do anything, they are just busy observing and making price predictions so that when the price goes up, they can only say it's too late and regret.


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April 09, 2023, 03:15:14 PM
 #98

Yes, bitcoin is probably the best investment option among cryptocurrencies. But as you said, you need to learn to understand market conditions first, which can take years. During that time, you usually make a lot of mistakes, which can be called experience. And only after that comes the understanding of your actions. For example, market manipulation encourages you to buy bitcoin when it is expensive. But for some reason few people talk about cryptocurrency at all now, because no one wants to make everyone rich.
It did not take long to understand market conditions, according to my personal experience initially only involved in small amounts for Bitcoin investment and at that time we could learn to understand market conditions, both for the purchase period and the sales period that we set, usually if people dare to take risks then Direct involvement can make it easier for us to learn everything related to Bitcoin.

Investment also cannot be ignored the level of risk that arises and Bitcoin is quite fluctuating that makes many people experience panic, so it takes experience to understand all of that, Usually experience will teach us to better understand investment patterns and we will get used to the market conditions that are experiencing correction.
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April 09, 2023, 04:02:05 PM
 #99


Maybe we will see various speculations suggested outside about Bitcoin, whether it's wanting to buy, invest, trade and so on, basically the current situation is indeed the right step to do it, it all depends on each other's thoughts.

We realize, we don't know what will happen to the market or Bitcoin in the future, the point is that we all have a vision and mission to do everything, especially for Bitcoin in the future, those who think positively and act are the ones who win.

R


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April 10, 2023, 01:27:08 AM
 #100

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

if you are a true believer then of course Bitcoin is the best one to purchase now as it is  almost 25% value of how much prediction says when the bull market happens in halving season couple years to go.
but if you wanted to be assured and diversify then best to purchase more altcoins but at least  big amount will remain in bitcoin for safety.
If we keep thinking the time is right then we will never buy, I think it's better to buy immediately with the money we can consider lost, then hold until the profit target can be achieved, many people always hope to buy cheap, but when the price is cheap comes so they think keep waiting then the price goes up and he regrets it then hopes to buy again when the price is low.
exactly , if you have enough  funds to risk then best to buy right away because the more we seek for time is the more we are losing the chance to earn.
In my opinion, by buying immediately, we can immediately make a profit, never delay investing, many people know bitcoin when the price is cheap, for example when the price is $ 10 but they don't do anything, they are just busy observing and making price predictions so that when the price goes up, they can only say it's too late and regret.
not many actually mate, there are only few and those are the people who turns millionaire if not billionaire here in this market.









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