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Author Topic: Good time to invest in BTC?  (Read 1786 times)
Paul Pogba
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May 11, 2023, 02:11:08 AM
 #121

When there was an increase in the price of bitcoin in 2021 and at that time the price was more than $ 60k, many regretted not buying when the price was cheap, they dreamed of buying when the price could drop again to around $ 50k, but when the price fell to $ 50k then they still delaying because they hope the price will continue to fall, usually people who hope the price will decrease to buy, this will not happen because when the price drops, they will be afraid to buy because the price continues to fall.
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May 11, 2023, 03:31:27 AM
 #122

Hi I have been toying with the idea of investing in BTC but have waited due to some investors saying the price will drop to 12 - 16k again. do you think it could still drop to this or are we more likely to move on up to 40k?

thanks in advance.
if you will follow those hearsay then meaning you have been waiting for a month now and still no clear if there will be a 12-16k drop,
why not gamble investing ? the risk is there but the opportunity and chance is also high than waiting and waiting.
and besides from whom you heard that? are they reliable or just another shill accounts?
buy now mate as the value may reach 40k at least this 2023.

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May 11, 2023, 04:29:46 AM
 #123

Hi I have been toying with the idea of investing in BTC but have waited due to some investors saying the price will drop to 12 - 16k again. do you think it could still drop to this or are we more likely to move on up to 40k?

thanks in advance.

We never know if that will still happen. Bitcoin has already dropped $16k this year, so you may have missed the opportunity. However, if you stay patient, who knows, we might see it again. But honestly, I think we are heading towards a bull run since it's been years since the last one.

Bitcoin is still below its all-time high, so consider the current price as an opportunity, as Bitcoin tends to achieve new all-time highs during a bull run.

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uswa56
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May 11, 2023, 07:23:08 AM
 #124

I think now is the right time to buy because the price is still cheap at around $28k, many predict that this year the price will set a new price record so by buying now we will easily get 200% profit. don't just keep asking, take real action, namely buying before tomorrow or next week the price skyrockets.
Now asking is also an important thing, because being embarrassed to ask will also go astray on the road mate. Getting 200% profit is not as easy as you say, because it always takes time and process. So don't speculate excessively by forecasting prices for next week and also don't forbid other people from asking about all things because any action is the right of each person when they want to do it. And it seems you also need to see those who are disappointed after buying without asking the experienced.
high expectations will make you disappointed especially if you expect 200% in the near future, I think it's impossible to invest in Bitcoin (in the near future)
asking friends or people who know more is a good thing, but for yourself before deciding you also have to have your own beliefs, don't just rely on what other people say.

for me personally there is no right time to invest long term in Bitcoin, because i think anytime will be right if you already have money to invest.
Bitcoin has been showing progress every year, and we can see it from the past, so why hesitate any longer for it.
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May 11, 2023, 09:22:34 AM
 #125

When there was an increase in the price of bitcoin in 2021 and at that time the price was more than $ 60k, many regretted not buying when the price was cheap, they dreamed of buying when the price could drop again to around $ 50k, but when the price fell to $ 50k then they still delaying because they hope the price will continue to fall, usually people who hope the price will decrease to buy, this will not happen because when the price drops, they will be afraid to buy because the price continues to fall.

Sometimes a person's courage in buying it really depends on his own mind, because when someone doesn't dare to buy at a certain price while that price is the price he wanted before, it arises through his mind which is still afraid to buy because he is still thinking about the price. which continues to decline. And usually such a person will also think the same way when he wants to sell at the price he expects, where he will remember about continuous improvement so he doesn't dare to sell at a certain price.

Even though this price was the price he wanted before, this is what some people experience very often at this point where when they see a price decrease taking place, they forget about an increase. And vice versa when he sees an increase taking place, he forgets about a decrease which can also occur at any time.

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May 11, 2023, 10:19:13 AM
 #126

if you will follow those hearsay then meaning you have been waiting for a month now and still no clear if there will be a 12-16k drop,
why not gamble investing ? the risk is there but the opportunity and chance is also high than waiting and waiting.
and besides from whom you heard that? are they reliable or just another shill accounts?
buy now mate as the value may reach 40k at least this 2023.
When the moment comes they are afraid to buy and prefer to entrust their lucky situation to influencers who influence their mentality. I think these things should be avoided in bad behavior in investing. So falling behind at $16k is really painful because it is the lowest drop that has occurred in bitcoin in the last 2 years. Therefore I agree with you that entering at the current price is a good choice because we are still below the ATH price. Besides that if we apply the DCA strategy I think we will find the best place with else is the cheapest price because we do it regularly in this case definitely have a better chance than waiting and waiting.

This year we have seen a better pace of price movement as it has been able to hold on to the $27k mark and there will come a time when we will see a pretty good market reaction in the months to come. Then buy and hold I think the profits will come to us in this year.

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May 11, 2023, 03:41:01 PM
 #127

if you will follow those hearsay then meaning you have been waiting for a month now and still no clear if there will be a 12-16k drop,
why not gamble investing ? the risk is there but the opportunity and chance is also high than waiting and waiting.
and besides from whom you heard that? are they reliable or just another shill accounts?
buy now mate as the value may reach 40k at least this 2023.
When the moment comes they are afraid to buy and prefer to entrust their lucky situation to influencers who influence their mentality. I think these things should be avoided in bad behavior in investing. So falling behind at $16k is really painful because it is the lowest drop that has occurred in bitcoin in the last 2 years. Therefore I agree with you that entering at the current price is a good choice because we are still below the ATH price. Besides that if we apply the DCA strategy I think we will find the best place with else is the cheapest price because we do it regularly in this case definitely have a better chance than waiting and waiting.

This year we have seen a better pace of price movement as it has been able to hold on to the $27k mark and there will come a time when we will see a pretty good market reaction in the months to come. Then buy and hold I think the profits will come to us in this year.
Looks like the Op wants to dive into the ocean at once at $12k-$16k drop, which is not the proper way to start with his investment when we have DCA strategy. This is why it is good to have proper knowledge about whatever thing you want to get yourself involved with, if the Op knows a little bit of technical and fundamentals side of analysis, the op is not gonna be afraid of taking a risk and start his purchase of Bitcoin, needs go deal with fear and emotions and should take investment decision yourself without relying on any price predictions because no one is gonna do that for you, I wonder. Just keep waiting for the right time on the sideline while the bus will pass you by and hence you miss the entire opportunity.  

 
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MarjorieZimmermanGinger
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May 11, 2023, 08:30:00 PM
 #128

Hi I have been toying with the idea of investing in BTC but have waited due to some investors saying the price will drop to 12 - 16k again. do you think it could still drop to this or are we more likely to move on up to 40k?
Rising and falling bitcoin prices are something that usually happens because bitcoin is fluctuating, so prices are certain to go up and down without anyone being able to control it. You don't need to think about this issue when you have the intention to invest, but what you need to think about is how to collect bitcoins. So far, people have been competing to place money in bitcoin because they are aware that bitcoin is the best asset that can provide maximum profits in the long term.

Pricing is not an issue and I highly doubt bitcoin will correct again to $12k-$16k as so far the bottom is not over $20k any time soon. I am a bit optimistic for bitcoin's journey ahead before it reaches ATH and hope that next month we will see a much greener move in the market.

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May 11, 2023, 08:30:36 PM
 #129

if you will follow those hearsay then meaning you have been waiting for a month now and still no clear if there will be a 12-16k drop,
why not gamble investing ? the risk is there but the opportunity and chance is also high than waiting and waiting.
and besides from whom you heard that? are they reliable or just another shill accounts?
buy now mate as the value may reach 40k at least this 2023.
When the moment comes they are afraid to buy and prefer to entrust their lucky situation to influencers who influence their mentality. I think these things should be avoided in bad behavior in investing. So falling behind at $16k is really painful because it is the lowest drop that has occurred in bitcoin in the last 2 years. Therefore I agree with you that entering at the current price is a good choice because we are still below the ATH price. Besides that if we apply the DCA strategy I think we will find the best place with else is the cheapest price because we do it regularly in this case definitely have a better chance than waiting and waiting.

This year we have seen a better pace of price movement as it has been able to hold on to the $27k mark and there will come a time when we will see a pretty good market reaction in the months to come. Then buy and hold I think the profits will come to us in this year.
Looks like the Op wants to dive into the ocean at once at $12k-$16k drop, which is not the proper way to start with his investment when we have DCA strategy. This is why it is good to have proper knowledge about whatever thing you want to get yourself involved with, if the Op knows a little bit of technical and fundamentals side of analysis, the op is not gonna be afraid of taking a risk and start his purchase of Bitcoin, needs go deal with fear and emotions and should take investment decision yourself without relying on any price predictions because no one is gonna do that for you, I wonder. Just keep waiting for the right time on the sideline while the bus will pass you by and hence you miss the entire opportunity.  
You know that there are people who are still wishing to see 10k or 12k price which we know that it is really that too far off but drops to this level could really always been that possible and this is why being that
confident isnt really that something you  should really conclude into your self. Speaking about the best time to invest then it would really be "NOW", why? the price had dipped again on 26k and could possibly be able to go below 25 if support would really be having some breakout or cant be able to hold up. This is why its up to you whether you could really take up the risks on buying now or not.

Good time will always be talking about lower prices but if you are really that pertaining about long term then this wont really be that much of an issue because you could really just simply
buy without having no doubts or having no worries because you are really that aiming for long term sell or for how many years to come then it wont really be that much
of an issue.

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May 11, 2023, 08:56:11 PM
 #130

Pricing is not an issue and I highly doubt bitcoin will correct again to $12k-$16k as so far the bottom is not over $20k any time soon. I am a bit optimistic for bitcoin's journey ahead before it reaches ATH and hope that next month we will see a much greener move in the market.
Predictions $16k will not be reached in the next correction, so the current market price is not much corrected compared to the recovery from last year's $16k price, all the movement patterns of each correction can indicate a potential price increase higher, we just need time to price recovery higher in the following months.

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May 12, 2023, 03:46:00 PM
 #131

Looks like the Op wants to dive into the ocean at once at $12k-$16k drop, which is not the proper way to start with his investment when we have DCA strategy. This is why it is good to have proper knowledge about whatever thing you want to get yourself involved with, if the Op knows a little bit of technical and fundamentals side of analysis, the op is not gonna be afraid of taking a risk and start his purchase of Bitcoin, needs go deal with fear and emotions and should take investment decision yourself without relying on any price predictions because no one is gonna do that for you, I wonder. Just keep waiting for the right time on the sideline while the bus will pass you by and hence you miss the entire opportunity.  
That's true, there are a lot of people who are looking for a lot cheaper price and they want to be part of it as much as they possibly could, I know that's not going to be the case and the price will not make sudden movements all the time. If you are lucky or smart enough to hit it right as it hits bottom that's great, but expecting that doesn't mean that you will get it, it is not going to work that way at all.

I personally do suggest DCA in a way, DCA means buying as it goes lower so you could profit when it goes up, I suggest something similar; buying all the time, just keep on buying, even if it goes up, doesn't matter what the price is, keep on buying and holding for many years and you will make a great return when the time comes.

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May 12, 2023, 03:56:05 PM
 #132

That's true, there are a lot of people who are looking for a lot cheaper price and they want to be part of it as much as they possibly could, I know that's not going to be the case and the price will not make sudden movements all the time. If you are lucky or smart enough to hit it right as it hits bottom that's great, but expecting that doesn't mean that you will get it, it is not going to work that way at all.
Those who want to buy lower because they want high profits but they will never be accurate enough to dive to the bottom they will just keep on trying to ask everyone whether bitcoin price will go to $12K or lower, precisely this is a ridiculous price obsession low but the fact that it will never happen from now onwards.
He will still miss the opportunity because it continues to pass the bitcoin price buying that should be.

I personally do suggest DCA in a way, DCA means buying as it goes lower so you could profit when it goes up, I suggest something similar; buying all the time, just keep on buying, even if it goes up, doesn't matter what the price is, keep on buying and holding for many years and you will make a great return when the time comes.
The DCA strategy doesn't determine the price to go up or down, they will buy all the time while they still can and continue to accumulate in the right way, it can be done every week, two weeks or even a month without thinking about the price, and that's where we have to do it, for example throughout the year we buy above $20K to $30K then we can get a decent profit when bitcoin has risen to bullrun.

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May 12, 2023, 04:31:48 PM
 #133

Price is unpredictable We never know if that will still happen. But Bitcoin has already dropped to $16k this year, last was $15k, so you may have missed the opportunity. Nobody know what will happen next how it's will work later it's might increase or drop, DCA strategy is one of the best way to invest. the current market price is not much corrected compared to the recovery from last year's, You don't have to be worried about this issue or the current situation of the price  rising and falling is a normal thing in the Bitcoin investments.

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May 12, 2023, 04:35:17 PM
 #134

The btc price range under 30k right now so you can invest now if you want profits from hit btc price 40k in the future. We are unknown about future crypto market so basically make touch your mind for good time to buy btc. Although i don't know price will rising 40k in the future so not recommended.
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May 12, 2023, 10:39:29 PM
 #135

Looks like the Op wants to dive into the ocean at once at $12k-$16k drop, which is not the proper way to start with his investment when we have DCA strategy. This is why it is good to have proper knowledge about whatever thing you want to get yourself involved with, if the Op knows a little bit of technical and fundamentals side of analysis, the op is not gonna be afraid of taking a risk and start his purchase of Bitcoin, needs go deal with fear and emotions and should take investment decision yourself without relying on any price predictions because no one is gonna do that for you, I wonder. Just keep waiting for the right time on the sideline while the bus will pass you by and hence you miss the entire opportunity.  
That's true, there are a lot of people who are looking for a lot cheaper price and they want to be part of it as much as they possibly could, I know that's not going to be the case and the price will not make sudden movements all the time. If you are lucky or smart enough to hit it right as it hits bottom that's great, but expecting that doesn't mean that you will get it, it is not going to work that way at all.

I personally do suggest DCA in a way, DCA means buying as it goes lower so you could profit when it goes up, I suggest something similar; buying all the time, just keep on buying, even if it goes up, doesn't matter what the price is, keep on buying and holding for many years and you will make a great return when the time comes.
On the time that you do keep on waiting for the low price but the value is gradually increasing then it would really be looking like that you have left yourself on the bandwagon on which you would be left and keep on having that kind of hope.This is why you should really be that wise on taking up a decision whether we should really be buy or wait a little bit further. Yes, we could apply neither technical or fundamental approach
considering that this market is really that unpredictable and there's no way on knowing on where it would be going. This is why buying decision would really vary or would really be depending or would really be basing
on your choice or decision on when to get in. It might really be just that a right call or something we are really that getting behind but of course if you are really that going for long term then
this wont really be that an issue.

Buying time could really be anytime since you wont really be matter whether what price you had made yourself get in as long you do aim for long term aspect then it wont really be that an issue.
Be sure that you should really be that versatile when it comes to your decisions because of this market is to unpredictable.

R


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May 14, 2023, 04:22:58 PM
 #136

Predictions $16k will not be reached in the next correction, so the current market price is not much corrected compared to the recovery from last year's $16k price, all the movement patterns of each correction can indicate a potential price increase higher, we just need time to price recovery higher in the following months.
We have seen a correction coming back on the way in May, but have yet to hit that low and currently bitcoin is priced at $26k and is heading towards the green line although a minor correction is also going the other way. My indications and predictions that bitcoin will be at $ 25k if it is corrected again and will strengthen again at a price of $ 28k to $ 30k at the end of this month.

The most important thing for me when the downside can be used to buy some bitcoins to save and if currently have additional capital will try to buy because of the potential for a much more positive movement for the following months, price considerations are not a problem because we are long term holders

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May 15, 2023, 04:43:54 AM
 #137

If we have known bitcoin for at least 2 years then we will be familiar with trends or price charts that occur, ups and downs are common so that we always have the opportunity to buy, within a month we even have the best time to buy because usually after the price goes up then it will go down again.

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May 15, 2023, 02:17:52 PM
 #138

   -  It's just that if you want to have bitcoin little by little, DCA is the only way for you to have bitcoin in the future. When the bull run comes, you will have Bitcoin to pull out of your wallet to sell at the right time and season.

In addition to that, as long as you have extra bitcoins to buy, take every opportunity to do so rather than when it's too late.

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May 15, 2023, 04:14:21 PM
 #139

Bitcoin price will definitely move towards higher levels as we assume Bitcoin halving starts every four years. And since this halving the price of bitcoin has increased tremendously as in 2020 there was bitcoin halving and in 2021 bitcoin price increased overnight. But cyclically I think bitcoin halving will start in 2024 and bitcoin price will increase by the end of 2024-25.  So I think if anyone wants to invest then this is the right time to invest, invest in Bitcoin very quickly. The period from January to May 2023 can certainly determine Bitcoin's upward trajectory.

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May 15, 2023, 04:52:24 PM
 #140

Bitcoin price will definitely move towards higher levels as we assume Bitcoin halving starts every four years.
The impact of the halving on the bitcoin price is something that may repeat itself in a 4 year cycle. I agree halving can affect the price significantly as they have happened in previous halving cycles. The price up as demand increases and it has been a profitable for miners although the block reward has been lower from each halving.

Bad effects may have occurred on the network had the bitcoin price not gone higher after the halving. Obviously higher mining costs will force miners to exit first because mining revenue and consumption costs are not balanced, so this will definitely hurt the bitcoin network which might make its network security down. Due to some of these things, bitcoin is expected to go higher after the halving so that miners will survive which in itself will make the bitcoin network stronger from a 51% chance of attack.

 
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