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Author Topic: Is buying BTC now, the best option ???  (Read 1576 times)
Paul Pogba
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May 09, 2023, 10:32:26 AM
 #141

I think buying at any time has the same potential and opportunity for profit, the main key after buying is not to panic when you see the market situation, it's better to keep it in a private wallet and make bitcoin a long-term investment so that the opportunity for profit is greater than we are tired of monitoring daily prices.
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May 09, 2023, 11:09:16 AM
 #142

I think buying at any time has the same potential and opportunity for profit, the main key after buying is not to panic when you see the market situation, it's better to keep it in a private wallet and make bitcoin a long-term investment so that the opportunity for profit is greater than we are tired of monitoring daily prices.
That's right. Well, many of us are always asking on when is the perfect time to buy Bitcoin, but the answer would depends on your plan with your investment, if it is for short term or long term. Bear market is the chance for us to fill our bags, but some investors are hesitant because they prefer to see the market recovering before they will buy.

Investing needs knowledge and plan, if you have capital to buy and willing to take risk then don't miss the chance to engage yourself already because we'll never know when might the price will skyrocket. If your plan is to hold for long term then you can buy at anytime, but much better to do it when the price is declining because it is cheaper.

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May 09, 2023, 01:11:30 PM
 #143

Buying bitcoin is a good option but it doesn't mean that you can guarantee to have huge gains by just having it, if it is then all of the bitcoin investor should be rich now but the harsh reality is they are not. Look at those people who bought bitcoin at its ATH price, did they earn money? Of course not and their portoflio is now -60% which is very high. If they invested $100,000 during that time, they already incurred $60,000 of losses. It takes courage to buy bitcoin and only few understand the rewards that they can potentially reap but courage is not enough because you need information that you can use in order for you to have an edge to all of investor and traders.

As a short term trader, I have an edge to other traders and investors. I usually buy bitcoin in future but my holding time is just hours or even minutes.I usually do swing trading in short term time frame like 1hr and 30 minutes time frame. My strategy is simple, I plot the key levels and I just put an order on the key levels with cut losses, entry point and target profit and I just waiting for any orders that will be hit.

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May 10, 2023, 09:38:26 AM
 #144

I think buying at any time has the same potential and opportunity for profit, the main key after buying is not to panic when you see the market situation, it's better to keep it in a private wallet and make bitcoin a long-term investment so that the opportunity for profit is greater than we are tired of monitoring daily prices.

Potential and opportunities are not determined when someone wants to buy at any time, because buying at any time without looking at market conditions and without researching the moment that is happening will also have bad consequences. For example, when someone buys at a high price and then suffers a loss due to a decrease in price, this can certainly trigger panic for him, although some people advise him not to panic because a good investment is for the long term.

But basically everyone wants to buy at the lowest price so that there is less panic because those who invest long term do not need to check the prices of the assets they buy every day, unless they are buying to make daily trades with these assets.

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May 10, 2023, 12:57:47 PM
 #145

I think buying at any time has the same potential and opportunity for profit, the main key after buying is not to panic when you see the market situation, it's better to keep it in a private wallet and make bitcoin a long-term investment so that the opportunity for profit is greater than we are tired of monitoring daily prices.

Potential and opportunities are not determined when someone wants to buy at any time, because buying at any time without looking at market conditions and without researching the moment that is happening will also have bad consequences. For example, when someone buys at a high price and then suffers a loss due to a decrease in price, this can certainly trigger panic for him, although some people advise him not to panic because a good investment is for the long term.

But basically everyone wants to buy at the lowest price so that there is less panic because those who invest long term do not need to check the prices of the assets they buy every day, unless they are buying to make daily trades with these assets.

The growth potential of bitcoin is huge, and it's never too late to invest in bitcoin. But when to buy, at what price is very important. We cannot buy indiscriminately without any analysis, which will lead to undue regret. If someone buys bitcoin for $69k in 2021, they are probably very frustrated and depressed. On the contrary, we will be in a completely different mood if we do our research and patiently wait for the opportunity and buy bitcoin at $16k or the current price.
Bitcoins are like other investments, they will only bring us profits when we buy low and sell high. Don't believe someone who says you can buy bitcoin anytime, that's not entirely wrong, but it's a waste of our time.

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May 10, 2023, 02:09:12 PM
 #146

.

As a short term trader, I have an edge to other traders and investors. I usually buy bitcoin in future but my holding time is just hours or even minutes.I usually do swing trading in short term time frame like 1hr and 30 minutes time frame. My strategy is simple, I plot the key levels and I just put an order on the key levels with cut losses, entry point and target profit and I just waiting for any orders that will be hit.


what is the short term trader's advantage? For me, as a trader or holder, both have pros and cons, it cannot be said that only short term trading has an advantage. the only advantage of short-term trading is that it can make quick profits, but the risk is greater because bitcoin is very volatile in the short term and difficult to predict.  in return, long-term holding will not be able to generate quick profits, but it will become less stressful, and the profits are almost more certain than trading.

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May 10, 2023, 02:52:10 PM
 #147

I think buying at any time has the same potential and opportunity for profit, the main key after buying is not to panic when you see the market situation, it's better to keep it in a private wallet and make bitcoin a long-term investment so that the opportunity for profit is greater than we are tired of monitoring daily prices.

I agree. There's just no way for us to determine exactly what the bottom or the high will be, not just in this industry but in all other markets as well. So, it's better to just buy whenever you have the extra funds for it and hodl.

This is easier said than done though, especially for the majority of the people, and I mean most of the people that worry about the price movements every now and then which tend to be the ones that invest amounts that they cannot afford to lose, over leverage on futures or base their investment decisions on hypes. Which is actually kind of sad if you think about it, but what can we do though? It is what it is. At least some of these people also learn from their experiences and improve over time.
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May 11, 2023, 02:16:21 AM
 #148

I think buying at any time has the same potential and opportunity for profit, the main key after buying is not to panic when you see the market situation, it's better to keep it in a private wallet and make bitcoin a long-term investment so that the opportunity for profit is greater than we are tired of monitoring daily prices.
That's right. Well, many of us are always asking on when is the perfect time to buy Bitcoin, but the answer would depends on your plan with your investment, if it is for short term or long term. Bear market is the chance for us to fill our bags, but some investors are hesitant because they prefer to see the market recovering before they will buy.

Investing needs knowledge and plan, if you have capital to buy and willing to take risk then don't miss the chance to engage yourself already because we'll never know when might the price will skyrocket. If your plan is to hold for long term then you can buy at anytime, but much better to do it when the price is declining because it is cheaper.

If we use money then the most important thing is to always plan, and work according to plan, many people don't plan when buying bitcoin because they are influenced by news or solicitations, when the facts don't match then they panic and sell immediately even though they have to lose.
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May 12, 2023, 03:16:14 AM
 #149

I think buying at any time has the same potential and opportunity for profit, the main key after buying is not to panic when you see the market situation, it's better to keep it in a private wallet and make bitcoin a long-term investment so that the opportunity for profit is greater than we are tired of monitoring daily prices.
This is it and that is what HODLERS tend to act and yes they are making money from this , there is no need in waiting when you can afford to invest the very moment you have funds and willingness.
the problem about those they called themselves "Investors" are only here to buy and sell instantly with big profit.
i hate seeing people that look at the market to be a bread and butter but not willing to risk.
they should invest in Shitcoin and not in Bitcoin .

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May 12, 2023, 11:00:44 AM
 #150

I think buying at any time has the same potential and opportunity for profit, the main key after buying is not to panic when you see the market situation, it's better to keep it in a private wallet and make bitcoin a long-term investment so that the opportunity for profit is greater than we are tired of monitoring daily prices.
This is it and that is what HODLERS tend to act and yes they are making money from this , there is no need in waiting when you can afford to invest the very moment you have funds and willingness.
the problem about those they called themselves "Investors" are only here to buy and sell instantly with big profit.
i hate seeing people that look at the market to be a bread and butter but not willing to risk.
they should invest in Shitcoin and not in Bitcoin .
But I say not, more chances to earn more if you buy at a cheap price compared to buying during the recovery.
I'd never say there is perfect timing in accumulating Bitcoin but one must know the reality that long-term investors usually take their opportunity to buy more BTC during the bear season, hold, and then sell until during peak. Such a strategy is really working efficiently granting huge profit awaits them.
But unfortunately, some people only got the courage when the price is increasing, something I would say they miss a great opportunity.

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May 13, 2023, 08:54:59 AM
 #151

To determine when is the best time to buy bitcoins depends on the decision of each individual because it is difficult to determine exactly when is the best time to buy bitcoins. However, if we refer to the 4 year cycle, it seems that now is the best time to buy bitcoin and hold on until the bullish phase comes. As we know that when the next bitcoin halving occurs, BTC has the potential to print new ATH.

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May 13, 2023, 10:09:06 AM
 #152

However, if we refer to the 4 year cycle, it seems that now is the best time to buy bitcoin and hold on until the bullish phase comes. As we know that when the next bitcoin halving occurs, BTC has the potential to print new ATH.

The big question is if Bitcoin's price movement remains cyclical, which is not obvious at all. With each halving having twice as less effect on the block reward and with much different wider market reality (higher interest rates etc) we could see completely different price action. I wouldn't be surprised if we don't see the new ATH in the next cycle or if the cycles get flattened and extended. Things simply cannot be too easy, otherwise everyone would get rich from trading and there would be no one to do actual work.


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May 13, 2023, 12:36:55 PM
 #153

However, if we refer to the 4 year cycle, it seems that now is the best time to buy bitcoin and hold on until the bullish phase comes. As we know that when the next bitcoin halving occurs, BTC has the potential to print new ATH.

The big question is if Bitcoin's price movement remains cyclical, which is not obvious at all. With each halving having twice as less effect on the block reward and with much different wider market reality (higher interest rates etc) we could see completely different price action. I wouldn't be surprised if we don't see the new ATH in the next cycle or if the cycles get flattened and extended. Things simply cannot be too easy, otherwise everyone would get rich from trading and there would be no one to do actual work.



There are no doubts in my mind that sooner or later, the market will undergo a change, and it will become more unpredictable, it will not be a simple and easy market to predict as many expect. But as long as that hasn't happened, there's nothing wrong with believing in history because, without history, there is no future. And so things don't get too unexpected, we need to plan a scenario if history doesn't repeat itself, and there will be no ATH after the halving. I was prepared for that too, like you, I don't think the market will be so easily predictable forever.

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May 13, 2023, 01:34:49 PM
 #154

However, if we refer to the 4 year cycle, it seems that now is the best time to buy bitcoin and hold on until the bullish phase comes. As we know that when the next bitcoin halving occurs, BTC has the potential to print new ATH.

The big question is if Bitcoin's price movement remains cyclical, which is not obvious at all. With each halving having twice as less effect on the block reward and with much different wider market reality (higher interest rates etc) we could see completely different price action. I wouldn't be surprised if we don't see the new ATH in the next cycle or if the cycles get flattened and extended. Things simply cannot be too easy, otherwise everyone would get rich from trading and there would be no one to do actual work.



There are no doubts in my mind that sooner or later, the market will undergo a change, and it will become more unpredictable, it will not be a simple and easy market to predict as many expect. But as long as that hasn't happened, there's nothing wrong with believing in history because, without history, there is no future. And so things don't get too unexpected, we need to plan a scenario if history doesn't repeat itself, and there will be no ATH after the halving. I was prepared for that too, like you, I don't think the market will be so easily predictable forever.

The market will be even more difficult to predict, because currently bitcoin is mostly used for speculation and trading, rarely do we find bitcoin being used for direct transactions such as cash so it will always fluctuate and it is difficult to predict, we are waiting whether after the halving next year we will be able to make ATH or not, if bad things happen then we have to be ready.

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May 16, 2023, 05:12:06 PM
 #155

Many people always ask whether buying now is the best decision, in my opinion if we want to get profit then buying immediately is the best option, don't be too afraid if after buying the price drops, but make it when the price drops it is an opportunity to buy more, based on the history of past prices happens then it's normal if the price will soon go up again.

Indeed, and personally, there's no such thing as bad news in time when market is crashing mainly if we are hodling bitcoin for a long-term basis. Instead, let's choose to see the positive side where we buy and accumulate more on a discounted price as in these type of weather, almost all coins in the market are cheap. And if you're that investor who have the leverage to buy such coin during the bull run craze then buy it immediately, there is no need to wait for the price to become cheaper as you might not get advantage when the market suddenly becomes crazy.

There are even some investors that bought bitcoin during the bull run or even when it just achieve another ATH because from their perspective, the current price doesn't really matter to them now as they believe that they are still buying the said coin at a much cheaper price as they have forecasted it that it can go as much as 5x - 10x in the future.

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May 16, 2023, 11:26:17 PM
 #156

The market will be even more difficult to predict, because currently bitcoin is mostly used for speculation and trading, rarely do we find bitcoin being used for direct transactions such as cash so it will always fluctuate and it is difficult to predict, we are waiting whether after the halving next year we will be able to make ATH or not, if bad things happen then we have to be ready.
Maybe it's just you who rarely see Bitcoin transactions that are used like other currencies when someone buys something in a country that has legalized Bitcoin. You can find out about this in El Salvador and also in the Central African Republic, where Bitcoin has been legalized and there are bound to be people making transactions like you mean. Even though you don't find such things in other countries or even in the country you live in now, so this is actually not rare, but maybe only rarely seen by some people.

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May 17, 2023, 10:18:36 AM
 #157

The market will be even more difficult to predict, because currently bitcoin is mostly used for speculation and trading, rarely do we find bitcoin being used for direct transactions such as cash so it will always fluctuate and it is difficult to predict, we are waiting whether after the halving next year we will be able to make ATH or not, if bad things happen then we have to be ready.
Maybe it's just you who rarely see Bitcoin transactions that are used like other currencies when someone buys something in a country that has legalized Bitcoin. You can find out about this in El Salvador and also in the Central African Republic, where Bitcoin has been legalized and there are bound to be people making transactions like you mean. Even though you don't find such things in other countries or even in the country you live in now, so this is actually not rare, but maybe only rarely seen by some people.

El Salvador and Central African Republic accepting bitcoin as legal tender doesn't mean everyone there will 100% use bitcoin as an alternative to fiat, let's not forget that they haven't given up yet fiat and still use it with bitcoin. I also think that people will use bitcoin for investment rather than as a means of payment. Even the president of El Salvador is investing in bitcoin instead of encouraging people to increase the use of bitcoin as a complete replacement for fiat. To be fair, the use of bitcoin as currency is still happening in some places but it's really not that common.

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May 19, 2023, 07:08:03 PM
 #158

The market will be even more difficult to predict, because currently bitcoin is mostly used for speculation and trading, rarely do we find bitcoin being used for direct transactions such as cash so it will always fluctuate and it is difficult to predict, we are waiting whether after the halving next year we will be able to make ATH or not, if bad things happen then we have to be ready.
Maybe it's just you who rarely see Bitcoin transactions that are used like other currencies when someone buys something in a country that has legalized Bitcoin. You can find out about this in El Salvador and also in the Central African Republic, where Bitcoin has been legalized and there are bound to be people making transactions like you mean. Even though you don't find such things in other countries or even in the country you live in now, so this is actually not rare, but maybe only rarely seen by some people.
When I visit a gambling site I can see how many bets are in the form of bitcoin and we know that crypto gambling is now huge. This alone, we can say that many people use their bitcoin like a typical currency same to fiats but they prefer bitcoin because it is unique.

Even on a country where bitcoin is not yet legalized as a legal tender, people can still be able to use a bitcoin there for purchasing an item or availing a service on some establishments but the rates can be lower compared to El Salvador and the other country you mentioned there. Buying bitcoin and keeping it is a good idea so that we can have something in use later for whatever purpose we can think of.

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May 23, 2023, 09:12:23 AM
 #159

Many people think too much and are afraid to buy at the current price, but when tomorrow or next month the price goes up they regret that they have lost the momentum to buy when the price is low, as investors of course we have to be brave in making decisions, don't just rely on other people's opinions, more both take real steps to buy because we have the opportunity to profit.

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May 24, 2023, 10:59:44 PM
 #160

The market will be even more difficult to predict, because currently bitcoin is mostly used for speculation and trading, rarely do we find bitcoin being used for direct transactions such as cash so it will always fluctuate and it is difficult to predict, we are waiting whether after the halving next year we will be able to make ATH or not, if bad things happen then we have to be ready.
Maybe it's just you who rarely see Bitcoin transactions that are used like other currencies when someone buys something in a country that has legalized Bitcoin. You can find out about this in El Salvador and also in the Central African Republic, where Bitcoin has been legalized and there are bound to be people making transactions like you mean. Even though you don't find such things in other countries or even in the country you live in now, so this is actually not rare, but maybe only rarely seen by some people.
When I visit a gambling site I can see how many bets are in the form of bitcoin and we know that crypto gambling is now huge. This alone, we can say that many people use their bitcoin like a typical currency same to fiats but they prefer bitcoin because it is unique.

Even on a country where bitcoin is not yet legalized as a legal tender, people can still be able to use a bitcoin there for purchasing an item or availing a service on some establishments but the rates can be lower compared to El Salvador and the other country you mentioned there. Buying bitcoin and keeping it is a good idea so that we can have something in use later for whatever purpose we can think of.
Recognition and adoption is still on the move but we cant really expect that each country would really be adopting and considering it and this is why there are people who would really be engaging despite of being banned or restricted and this is the beauty of Bitcoin or overall crypto space because we could really still make a dealing anonymously. When we do speak about on to buy then there would really be lots of options for us to take on which despite of the restriction we could still able to engage with it without being caught.

As of the question if its really that ideal on buying now in regarding on the price, then i could say its a "yes" considering the price had at least make out some correction or decrease which it would really be a sweet spot to secure your position.If you could really that wait then 25k would be the sweet spot but i dont think that we would really be reaching that low. Also, you could also opt on buying some
altcoins too which it would really be a good add up into your portfolio but of course it would really be depending on the money that you would really be that can afford to invest on.

R


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