Maybe I should wait before owning my bitcoin

[jrrsparkles]

Do you want to be a trader or investor?

You can't decide anything in a week so I advice you to wait, learn necessary things about the thing you are going to accumulate and access your capital loss value then invest and do it for long term then you will be feeling what the real returns will be.

Don't end up in shady, scam exchange while in an attempt to buy your first sats.

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[entebah]

maybe you can start by buying a little bit of bitcoin until next year because I believe the price of bitcoin will be increased by the lowest will be 1.5x from the current bitcoin price while the higher price may be around 2~2.5x from the current bitcoin price.
why do I think of this? because next year there is a bitcoin halving.

[lalabotax]

My desperation after becoming plus one here to own my bitcoin has grew in a week. The first journey was to look for the best wallet to use and Electrum becomes my choice. The account has been opened and I wait impatiently for my salary to enter this week to buy the first set and keep it.

The desire to own and invest in Bitcoin is great. However, it will be wiser when it is really at the right time, that is, when we are really ready in all respects before investing. as well as the free money used, the readiness of our plans, and our emotional maturity when investing. Because this is very important, as we know that investing in Bitcoin is volatile and very volatile. We might one day be very happy because the number of our assets is increasing due to the rising Bitcoin price. But on the other hand, we also have to be prepared when our assets drop when the price of Bitcoin drops. And this will probably be very painful. Therefore, you really have to prepare yourself to start investing in Bitcoin consciously, smartly, and also wisely.

[sulendra12]

I will let this be my guide, will wait till the Buy has the highest vote. Money investment need to be carefully planned. This is just my plan, you can advice or give it kudos.

I don't think relying to this guide is a good idea at all. You won't learn anything from there and you'll always rely with this guide forever because you don't know how to do it by yourself. It's true that if you can follow other people advice for your own research so you can be more careful to invest next time, but I'd assume this one is just blindly follow the guide and call it a day. Might as well do DCA and learn to trade by the meantime, it's much better if you have little to no knowledge in investing Bitcoin.

[Bazzu]

indeed in buying bitcoin you have to be at the right time and when the price of btc is falling or is being corrected.
but in my opinion if you want to buy btc it's better to use the dca system.

and you need to remember that the market situation will be difficult to predict and buyers and sellers are difficult to predict, so I think only the DCA system is worth using.

[Mauser]

The reading of Neutral has more vote of 10 than the Sell that has 6 and Buy that has 8.

I will let this be my guide, will wait till the Buy has the highest vote. Money investment need to be carefully planned. This is just my plan, you can advice or give it kudos.

First of all welcome to the forum and good luck to your crypto endeavours. This is quite a small sample sizes and you still have more people voting to buy rather than to sell, that is why I would recommend you to buy at least small part of bitcoins already with your salary this year. There is no strong conviction for any action at the moment, all we see from your picture is that people are unsure what the future is going to bring. And the best case in such a scenario is in my opinion to buy at least some coins. Let's say prices will rally in the near future (scenario 1) and you missed your window to buy, then you will feel terrible for not buying earlier. The second scenario would be that the prices are not changing any time soon, then it doesn't really matter if you are invested or not. And the third scenario would be that prices are falling, which is not such a bad situation either. Because as long as you are not selling your coins you are not losing any money and eventually the prices are going to rebound. It's hard to go for the perfect time to buy and sell our coins.

[MoonOfLife]

maybe you can start by buying a little bit of bitcoin until next year because I believe the price of bitcoin will be increased by the lowest will be 1.5x from the current bitcoin price while the higher price may be around 2~2.5x from the current bitcoin price.
why do I think of this? because next year there is a bitcoin halving.

There is no specific time for bitcoin to rise in price, and relying solely on your own speculation to advise others is not a wise decision. I will agree with you, OP should buy some bitcoins from now on but hold until the price increases rather than a specific time. The past shows us bitcoin will rise after the halving happens, but that doesn't mean history will repeat itself, things may not turn out that way.

[Wakate]

maybe you can start by buying a little bit of bitcoin until next year because I believe the price of bitcoin will be increased by the lowest will be 1.5x from the current bitcoin price while the higher price may be around 2~2.5x from the current bitcoin price.
why do I think of this? because next year there is a bitcoin halving.

Since there would be vast bullish movement by next year, it is good for us to start holding some amount of Bitcoin for the preparation of the next bull market that is coming to us soon. We need not to wait for the market to go bullish before we decided to but some good amount of Bitcoin now that the price of Bitcoin is still low and affordable to holding some good amount.any smart investors had been taking the opportunity of to buy large amount of Bitcoin because they know that the market is certainly going to go back to the previous level it was before now.

[Stella Mese]

bitcoin has the nature of fluctuating and we will not be able to analyze and predict accurately because of course the market situation will be difficult to predict.

and in this case the decision is yours, because you yourself will buy.
and indeed in purchasing there are times when it is difficult for us to buy it right away because it is usually caused by fear, namely because we are afraid to buy too expensive.

but there are times when we haven't bought the btc price has gone up and usually after that the regrets that arise for not buying immediately.

so as many people have said, to deal with a situation like this, you have to buy a DCA system, so you get different prices.

[Z390]

When everyone is going right its better to go left, I have never seen where by everyone in cryptic space are saying the same thing and that exact thing happened later, no, it's always the opposite that happens.

You will end up losing good buying opportunity because you are waiting for the right time to buy, we are already in a good time to buy but you want more dips, it's fine but it may never come to past, I will never hold and wait around because no one knows what the bottom looks like.

When you missed the buying opportunity, that's when your eye will be clear and you will know that you've missed a good opportunity while waiting for the bottom, many people have made the exact same mistake over again.

The best approach is to keep buying small Bitcoin every week, whatever the price might be do not care, because there is nothing better than Dollar Cost Average in the crypto space, do not make the same old mistake that many crypto investors made in the last bear market.

[AicecreaME]

There's nothing wrong with waiting if you know on what price to buy with your technical analysis because you need it to make a decision whether to buy or wait. Technical analysis might not be 100% accurate but at least you have something that will guarantee you that a certain price would happen for you to execute your plan.

Waiting without any plan at all is a waste of time. The only thing you could do is to buy now since we're only almost half wait from the last All Time High price, and the profit won't be that bad if you buy and hodl.

[bitgolden]

No right time other than for you to buy whenever you have the funding and hold the coin till you get enough profit. The market and people may be discouraging but the decision is yours to take

there's a right time to buy but for now you'll have to wait for it cause when you buy right now while the price is still high, yes you can still gain enough profit but, it may cost a lot of money but if will you buy it in a bearish and hold it thinking for long term investment it may be worth a shot.

I think the price is not high right now at all. If you think that this is high, what is low? If you compare that to the bottom 16k then will you actually wait until it goes back to that? What if it doesn't? We reached above 30k and dropped already and if you are wrong and the price keeps going up then you would be losing a chance to make a profit.

However, if you buy right now and wait for the bull to continue then you would be doing the right thing and should be doing a lot better. I personally hope that the best thing about right now is that you should be buying a bit, not go all-in but you should buy a bit and that will allow you to make a good profit and if you are wrong then just buy some more with the rest of the money as well.

[fat buddah]

You always can buy BTC by parts, you don't have to buy one btc at once

You don't say. I don't think he even mentioned that he want to buy the whole coin. He's just unsure about the chart and, I guess, doesn't have too much money to risk.

[initim]

I think that it's quite safe to invest in Bitcoin now but I will suggest that you buy at intervals, also It is good to understand the wallets before investing. This is not just to Bitcoin but all investments.

[freedomgo]

I will let this be my guide, will wait till the Buy has the highest vote. Money investment need to be carefully planned. This is just my plan, you can advice or give it kudos.

I don't think relying to this guide is a good idea at all. You won't learn anything from there and you'll always rely with this guide forever because you don't know how to do it by yourself. It's true that if you can follow other people advice for your own research so you can be more careful to invest next time, but I'd assume this one is just blindly follow the guide and call it a day. Might as well do DCA and learn to trade by the meantime, it's much better if you have little to no knowledge in investing Bitcoin.

Yes, it's not really healthy to rely on someone else's advice because in that way, you are not learning anything and there won't be any time for learning because in every step you made, you are looking for an advice. Don't get me wrong, advice is a good thing but that doesn't actually mean that you have to believe them and do whatever they are saying because in the first place, it's your money and not theirs. Surely you don't want to put your fate in someone else's hands, don't be scared to make some mistakes because that's how we mostly learn.

[panganib999]

There's some price correction going on with bitcoin which is the reason why it's gone down from 31k from a few weeks ago. Once it corrects itself we got nothing to do but to wait for the next pump. Props to you by the way for taking the time to learn how to read charts and not going down the lazy path of asking other people for advice and then blaming them when things go south. That at least puts the accountability on your end and helps you become a better trader too at the same time.

In all seriousness though, I'd advice you wait for bitcoin to hit its correction, and then buy soon as you get the chance. No rush, no need to be hasty.

[bittraffic]

I can understand waiting because of uncertain regulations for now but in terms of profit to be made, I wouldn't wait before prices tanks. BTC won't wait for me.

You can do the DCA while we don't know when this correction stops but we are certain that the price of BTC is about to go up because of the charts.

[wxa7115]

Yes, it's not really healthy to rely on someone else's advice because in that way, you are not learning anything and there won't be any time for learning because in every step you made, you are looking for an advice. Don't get me wrong, advice is a good thing but that doesn't actually mean that you have to believe them and do whatever they are saying because in the first place, it's your money and not theirs. Surely you don't want to put your fate in someone else's hands, don't be scared to make some mistakes because that's how we mostly learn.

And we must also remember that depending completely on what we read online will only confuse us even more, as if you show a chart to 100 different traders you will probably get 100 different opinions about what is happening and what it could happen on the future, as each one has their own understanding of the markets.

So anyone looking to become something more than an investor does not really has any other option but to learn how to interpret the charts on their own, and even then there is no guarantee any kind of success could be reached.

[xSkylarx]

I think that it's quite safe to invest in Bitcoin now but I will suggest that you buy at intervals, also It is good to understand the wallets before investing. This is not just to Bitcoin but all investments.

Like buying on monthly basis or per year. I think this depends on the person because some who has analysis will buy one time in a dip because when you bought it on right time you can get profit than buying in intervals but only if you have enough money to buy but if you are lacking money then it is good only when you have money

[Cryptmuster]

And we must also remember that depending completely on what we read online will only confuse us even more, as if you show a chart to 100 different traders you will probably get 100 different opinions about what is happening and what it could happen on the future, as each one has their own understanding of the markets.

So anyone looking to become something more than an investor does not really has any other option but to learn how to interpret the charts on their own, and even then there is no guarantee any kind of success could be reached.

That's right, in this case, you will just read the charts in the same way and understand them to the best of your knowledge, but this will not guarantee that you will be able to accurately determine the further movement price of bitcoin. And if we are talking about investing, then in this case it is not as important for us as it is for traders, because for them their ability to read charts is fundamental to their earnings.