Maybe I should wait before owning my bitcoin

[Grasper]

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.

On the second thought, I checked the chart of bitcoin to know if it's safe to buy immediately. My trading experience is weak but not so bad that I can't read the chart. The chart shows bitcoin is still going down, that made me rush to tradingview advice to be sure. The monthly advice shows that I should wait.

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.

https://i.imgur.com/6MDPcan.png

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[Zaguru12]

Just quoted your image so it could be visible.

The image seem as if you’re following signal before investing. Although this could be right some other times but it is not entirely good to trust on them. Currently the bitcoin market is still young considering what the future holds. All this prices below 30k is still a good starting point and it will be advisable to start buying now. Using the method of DCA could save you the stress of waiting for the right time. The only right time is to buy bitcoin is to buy when you have the money right at hand. Imagine waiting for a dump of less than 20k and bitcoin starts to rise in price right to another height? It would be an opportunity missed by you.

Invest now using the DCA method, either weekly or monthly since your income is on salary

[Aikidoka]

Currently, there is a normal correction in Bitcoin's price, but sooner or later it would increase again. I recommend buying at regular intervals, such as every one or two-weeks. Just don't use all your money that you're about to invest on bitcoin to buy in just 1 time.

If you really want to buy some Bitcoin don't wait too long, no one knows how expensive Bitcoin will be in a few months, and it may become harder for some people, including you to buy it.

And to be honest I don't trust those votes much, I'll just use my mind and stick on my own decision after reading from different sources.

[Dr.Bitcoin_Strange]

OP, most of the time, all this price analysis of Bitcoin is not so accurate. If you have, say, $1k to invest in Bitcoin, instead of waiting for the right signal to buy, you can decide to buy $10 -$15 of Bitcoin every week just as the price fluctuates. Don't just invest the whole amount at once. There are chances that if you are only waiting for the right time to buy, the market can get into a big uptrend and maintain the price for a long time. So instead of just waiting for the perfect opportunity to buy, you can DCA.

That's 👆 not investment advice, but just a suggestion.

[MainIbem]

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.

Well I will say using the trading view guides may not give you the exacts time for you to enter the market, why because there are several factors that is controlling the market and results gotten from there doesn't totally summarized all everything about bitcoin. You decides to wait for it to get more votes may typically leads you losing the right time for you to holds some reasonable amount which you expected to have, but that withstanding it's good you follows your directives and instincts.

[Cantsay]

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 understand that the reason why you're looking for the best time to buy is because you want to make more profit judging from the fact that you're not planning on investing large amount of money.
So if you're not sure of the right time to buy then you probably should consider doing DCA that way you won't be buying everything at the same price, you can just decide that you wan tot be buying bitcoin every saturday or every two saturdays and also set an amount that you want to be spending, before you know what's happening you'll have enough bitcoin in you stash. You shouldn't wait till you have milions of dollars or till the price of bitcoin gets to $5 before you invest in it.

[dothebeats]

Eventually you'll outgrow the habit of relying solely on these votes and these polls to make your move in the market. Heck, I'll even go as far as saying that you will most probably buy bitcoins blindly if the goal is for the long-term. I think a lot of people here would agree about that. For now, before buying anythin, maybe learn as much as you can first. Learn about wallets prior to learning about market movements. A lot of scams and attacks have become sophisticated over the year that it's scary to be ignorant of them and how to avoid them.

[Stable090]

On the second thought, I checked the chart of bitcoin to know if it's safe to buy immediately. My trading experience is weak but not so bad that I can't read the chart. The chart shows bitcoin is still going down, that made me rush to tradingview advice to be sure. The monthly advice shows that I should wait.

When bitcoin dump to around $16k, I saw lots of people say don’t buy bitcoin yet it’s still going to dump more, Bitcoin started pumping gradually and it hit $30k+ recently, normally we don’t just expect bitcoin to keep on pumping without any correction happening, and if their is slight dump in bitcoin price, everyone will start saying bitcoin will dump more. It’s better you don’t listen to people are saying if you really want to stay long in crypto space, always do your analysis and know the best time to invest.

If you are planning to invest in bitcoin for long period of time, then I believe if you invest now it’s not really a bad idea, the only people that should be disturbed by bitcoin price movements are the bitcoin day traders or mid term investors, but if you are planning to hold for long, then you don’t have to panic.

[Myleschetty]

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.

On the second thought, I checked the chart of bitcoin to know if it's safe to buy immediately. My trading experience is weak but not so bad that I can't read the chart. The chart shows bitcoin is still going down, that made me rush to tradingview advice to be sure. The monthly advice shows that I should wait.

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.

I think you need to wait somehow as the monthly advice says because you're still convinced about what you read want exactly based on everything you just said now and you need to be sure about that before you proceed with your Bitcoin journey.
Do you want to trade Bitcoin or do you want to invest in Bitcoin?
You can want to make use of electrum but you also need to verify the electrum wallet before using it. Meanwhile, you can ledger hardware wallet and I think Nano S Plus is around $60 now.
If trading is what you decide, I will advise you first to the investment first while you learn how to read the chart and how to make use of technical analysis.

[GreatArkansas]

(.....)
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.

What vote do you mean? Do you want other people to decide when you will buy/sell Bitcoin? I don't think that is a good way to own Bitcoin or to do investments.
I think what you mean is the Bitcoin fear and greed indicator, just like what is on the image you shared. Which if you are using that as indicator, it's kinda good, just make sure the lower value of that, means a lot of pressure from seller and more or less the price is dumping.

[sheenshane]

(.....)
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.

What vote do you mean? Do you want other people to decide when you will buy/sell Bitcoin? I don't think that is a good way to own Bitcoin or to do investments.

I don't know why people asking what is the perfect time of buying Bitcoin which in fact you can buy anytime and wait until it has a profit and then cut your profit at you target range.  IMO the perfect advice could be, to buy Bitcoin on the DCA way, every time it has a correction that's the perfect time for it because we'll never know where the price heading at.

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

So there are only 24 people who participated in the voting pool which do you believe?

[nesty]

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.

On the second thought, I checked the chart of bitcoin to know if it's safe to buy immediately. My trading experience is weak but not so bad that I can't read the chart. The chart shows bitcoin is still going down, that made me rush to tradingview advice to be sure. The monthly advice shows that I should wait.

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.

Try to do more research first and evaluate the fluctuation of the market. If you feel that it is going to go down then follow your instinct. Or you can do a cost averaging investment and i think this would be good way to invest. You are right money investment need to be carefully planned but until when? No one knows if the market will go down drastically or will go higher. If you are aiming for a long term anytime would be the best time to invest.

[noorman0]

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.

On the second thought, I checked the chart of bitcoin to know if it's safe to buy immediately. My trading experience is weak but not so bad that I can't read the chart. The chart shows bitcoin is still going down, that made me rush to tradingview advice to be sure. The monthly advice shows that I should wait.

But a wallet like electrum is not oriented towards trading activities, so it is still the most recommended choice. Even if your analytical skills are the worst, at least you will hold on longer than most traders regardless of looking at the chart, you still have a chance to beat real traders in terms of investment profits. Bitcoin has the lowest volatile risk, just buy a fraction of your weekly/monthly salary.

[OcTradism]

But a wallet like electrum is not oriented towards trading activities, so it is still the most recommended choice. Even if your analytical skills are the worst, at least you will hold on longer than most traders regardless of looking at the chart, you still have a chance to beat real traders in terms of investment profits. Bitcoin has the lowest volatile risk, just buy a fraction of your weekly/monthly salary.

When you hold your bitcoins in a non custodial wallet like Electrum wallet, you intentionally or unintentionally reduce your trading intensity. If you want to trade, you have to make an on-chain transaction from Electrum to your exchange account, and wait for 1 to 3 confirmations (depends on each exchange requirement) to start trading.

If you store your bitcoins directly on an exchange, you can trade it any time like when you feel panic or being greed.

Trading can not help you rich but holding can help you. In addition, by storing your bitcoins on exchanges, you have more risk.
Reminder: do not keep your money in online accounts

[Fundamentals Of]

Only time can tell whether your decision is right or wrong. While I thought of advising you to DCA, since I am not sure of the amount that you want to invest, it might indeed be right to just wait for the right timing and make the most of your money. And that right timing is up to you.

I'm curious, do you have a specific price target for your buying or do you just rely on this buy and sell index? I don't trust this index of course, but to each his own.

[thecodebear]

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.

On the second thought, I checked the chart of bitcoin to know if it's safe to buy immediately. My trading experience is weak but not so bad that I can't read the chart. The chart shows bitcoin is still going down, that made me rush to tradingview advice to be sure. The monthly advice shows that I should wait.

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.

You should definitely NOT be waiting to buy Bitcoin. Bitcoin is much more likely to be much higher than it is today in a few weeks and in a few months than it is to be lower or even anywhere near the current price. Now is an amazing time to buy Bitcoin. It even just corrected a bit this week so the price is extra low. If you are trying to get the lowest possible price you will almost certainly be buying higher than the current price. You should be DCA'ing into Bitcoin, not hoping to get lucky and pick out the lowest price. The price is very low right now and you should definitely start buying today. Maybe you get lucky and you are able to buy lower, but if you wait you will almost certainly be buying higher.

Furthermore you should definitely not be relying on some vote on some website as having any validity for what the market will do.

Start buying today (you may never get a better price) and buy regularly. Buy a little bit once a week or whatever you want to do. But start now, the price is low and it won't be long until people were wishing they were buying in now.

[Oasisman]

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 might be wrong here but is this kind of guide can be easily manipulated? I mean you can just stick to study the chart, price movements, and things like that, but this kind of signal only shows that you're also depending on other people's decision. What if the Bitcoin drops a certain percentage and the vote says "hold, don't buy yet" and then Bitcoin just bounced 100% back and left that figure and never returned. That's a big missed opportunity right?
IMO, following this votes is not like what you've said "Money invested need to be carefully planned." because basically, it was never YOU who planned when to put your money and when to sell. Carefully planned investments always starts and ends with you making all the decisions after going through a thorough research and due diligence.  

[Sarah Azhari]

On the second thought, I checked the chart of bitcoin to know if it's safe to buy immediately. My trading experience is weak but not so bad that I can't read the chart. The chart shows bitcoin is still going down, that made me rush to tradingview advice to be sure. The monthly advice shows that I should wait.

Dude, what are your plan and strategy? are you want to do daily trading or for long investment?, If the last sentence you choose then you don't need to look at any chart like trading view or others, It's look query because you still need another opinion for your life. If you try to own bitcoin, you don't have to worry about charts and prices today. Just try to change your mind if 1 btc = 1 btc then you are safe and didn't have doubt like today.

[Despairo]

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.

This is a greed and fear index. Do you know the secret about this index?

When Bitcoin price increase, the greed or buy vote will increase.
When Bitcoin price decrease, the fear or sell vote will increase.
When Bitcoin price is quite stable and no big movement, the neutral vote will increase.

If you want to buy and sell Bitcoin based on this index, 100% you will lose because you're buy Bitcoin when Bitcoin price is increase (high) and you will sell your Bitcoin when Bitcoin price is decrease (low).

[Wexnident]

Seeing as your going to buy Bitcoin off of your salary, why not just DCA? I'd say that's the best option for most people who have a monthly income, especially if you're a beginner yourself.

Also considering that Bitcoin is going down, isn't it more the reason to actually buy instead of waiting? It's ultimately better than buying it when the price is high. If it goes down more, then just hold and wait. You're looking at the long term for the most part anyway.