Maybe I should wait before owning my bitcoin

[uneng]

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

Actually, this isn't an accurate tool to measure what is going to happen next on the market. Bitcoin can continue falling, remain stable or pump to a new level. Crypto market is unpredictable, and if you try following its movements closely you will end losing money sooner or later. So better to focus your investments on long term results, instead of the short ones. Buy now, but don't worry about cashing out profits in a month or two. Expect to hold for at least few years until you see consistent gains.

[1714227460]

1714227460

[kryptqnick]

I don't trust websites that allegedly measure whether it's time to buy or sell, and those that measure the greed factor more or less accurately seem to do it in hindsight, which isn't very useful.
I agree with Zaguru12 and many others about the DCA as a reasonable option for investments. It's easy to do, a popular strategy, and you sort of win some and lose some because sometimes you invest at a good time and sometimes at a not-that-good time, but it's alright in the end. Of course, everyone should do what feels right to them, and it's totally reasonable to just watch the market for some time and then decide when to invest, how much to invest and which strategy to use (if any).

[Obito]

You need to decide for yourself OP, not just because some website told you to wait, it should be on your own volition not to mention that there's a probability that that website is going to tell you to buy when the market is already going up and nearing it's peak. The best way to do something is to start something.

[cydrix]

You'll eventually break the habit of basing all of your market decisions on these votes and polls. Heck, if the goal is for the long term, I'll even go so far as to say that you will most likely purchase bitcoins blindly. I believe that would be widely agreed upon here. For the time being, perhaps understand as much as you can before purchasing anything. Prior to understanding about market fluctuations, educate yourself about wallets. Over the years, a lot of frauds and attacks have evolved, making it frightening to not know how to protect yourself.

[tjtonmoy]

As you firstly mentioned about wallets, I suggest you to get the hardware wallet. No offense to Electrum wallet, it is quite good. But software wallet faces many problems where you can lose all your funds. It is not immune to hack or other bugs. So owning a hardware wallet should be your first priority.
Now let's talk about when to enter or exit the market.
If you don't know this, let me tell it to you. Bitcoin profits don't come in overnight. It is an investment plan which takes time. Long term plan, and you need to stick to that plan no matter what. Buying low is always a good decision, but when you calculate that in a long run, the difference will seem less. And as you are getting constant salary every month, The best way to have a good spot in the market is putting a certain amount of money after certain amount of time. In simple word, DCA.
So there's no good or bad time to invest in BTC if you can hold it for a long time.
Hope this will help you to come up with your own strategy.

[DeathAngel]

None of those sentiment tables or charts really matter if you’re serious about bitcoin & motivated to hold for many years & keep adding to your stash. Bitcoin is the best innovation of our lifetime, it’s more risky to sit on the sidelines & not buy any.

If your time preference is long term then there is no risk to buying now. It’s extremely likely that bitcoin will continue to rise in price as time goes on.

[hannahB4]

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

[Baoo]

 I totally understand that you’re waiting for the best opportunity to purchase Bitcoin but what if the price increase  significantly and suddenly? At that moment, you will definitely regret for not taking the previous precious chance. In my opinion, you should buy Bitcoin fractionally for example the current price is actually $28k , you can buy like $1000 , it equals 0.03552 BTC and keep your eyes on the market and try to chase more opportunities, it the price goes down, buy again. That’s how you can minimalise the risk of loss. And do not hesitate OP, if you have a solid capital , start investing in Bitcoin, it will certainly be fruitful especially in 1-2 years. Good luck mate.

[mvdheuvel1983]

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 need a real person to talk toface to face and not so machine telling you when to buy or not based on people's vote. A reason for this is that you have an investment plan crafted for you .

Hey, take your time researching on Bitcoin. There are many ways to invest whether when the price is up or down. Read it up. Ask questions and make your decision on which to follow. If you ask me everyday is a good day to buy some. Bitcoins, it depends on who you ask.

[Kgdktac]

Waiting for the right time to invest can be a smart move, especially if the charts and expert advice suggest that the price of bitcoin may continue to drop in the short term.

You may want to consider diversifying your portfolio by investing in other assets, such as stocks or bonds, to spread out your risk. Additionally, make sure that you're investing an amount that you can afford to lose, as the value of Bitcoin can be volatile and unpredictable.

it's up to you to make the final decision about when to invest in Bitcoin. Keep researching, stay informed, and make a decision that you feel comfortable with. Good luck

[carlfebz2]

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 dont really need for any vote because the answer would really be depending on you because if you are really that mindful about its price then you would be depending on you whether you would
really go for short term or long term which means that if you are mindful about cheap price entry spot then you are likely going for short term trades but if you dont mind with the current price
and you are really that dying on trying to get one or own some bitcoins then do it. You wont really be needing any community response or voting because it would really be depending on you.
There's no need to wait because the market now is still that lying low which its considerable to enter before bullish market starts.

You need to decide for yourself OP, not just because some website told you to wait, it should be on your own volition not to mention that there's a probability that that website is going to tell you to buy when the market is already going up and nearing it's peak. The best way to do something is to start something.

Yes, this is what im saying above that dont make yourself get influenced by any feedbacks or suggestion or any websites telling on what you should gonna do.
We are all speculators on here which it would be normal that approach and comments would really be entirely be different into each other.
Listen into your own head and emotion or feelings whether you do need to buy or hold a little more.
We do have our own will on doing so.

[ammo121810]

Most probably i think you should wait before owning a bitcoin. Make a research first and study further the market, enhance your skills as well in investing. No one can really tell what will happen to the market if it will go down or if it will goes up. Wait for the market to go downwards and set a target price on your target investment. While waiting you can stake a stable coin so that your funds would earn some percentage while waiting for your target price of bitcoin. Do not be so desperate just keep calm and have more patience.

[isaac_clarke22]

I agree with Zaguru12 and many others about the DCA as a reasonable option for investments. It's easy to do, a popular strategy, and you sort of win some and lose some because sometimes you invest at a good time and sometimes at a not-that-good time, but it's alright in the end. Of course, everyone should do what feels right to them, and it's totally reasonable to just watch the market for some time and then decide when to invest, how much to invest and which strategy to use (if any).

Let alone any articles out there. I usually just use articles like Forbes or Yahoo Finance as a guide or at least just an idea through data provided whether I would just sell or buy. There's likely a possibility that some even articles sites are paid to drive the decisions of the public, don't you think?
And yeah, DCA would kinda save you from the possible headaches when you do the opposite and impulsive buying.

You need a real person to talk toface to face and not so machine telling you when to buy or not based on people's vote. A reason for this is that you have an investment plan crafted for you .

Hey, take your time researching on Bitcoin. There are many ways to invest whether when the price is up or down. Read it up. Ask questions and make your decision on which to follow. If you ask me everyday is a good day to buy some. Bitcoins, it depends on who you ask.

Most of the time, you don't need to. Mentorship is a plus, but sometimes getting a network to teach you is a pain in the ass. If you can handle the research all by yourself since the resources are free anyway in the internet, do it most of the time.

[Weawant]

Most probably i think you should wait before owning a bitcoin. Make a research first and study further the market, enhance your skills as well in investing. No one can really tell what will happen to the market if it will go down or if it will goes up. Wait for the market to go downwards and set a target price on your target investment. While waiting you can stake a stable coin so that your funds would earn some percentage while waiting for your target price of bitcoin. Do not be so desperate just keep calm and have more patience.

If you're advising someone to invest in Bitcoin that's a decentralized project, you shouldn't be suggesting they also be investing in a centralized project like stablecoin and asking them to stake it. Stablecoin are not good project to be investing in.

Be careful of the high APY those stablecoin promises when you stake your coins with them either through exchange or their staking platform, they can fail you at anytime or the value of your investment goes to zero because of the collapse of the stablecoin.

Buy Bitcoin, you shouldn't be waiting to buy Bitcoin instead you're meant to buy then wait. You have to ignore the price movement since you're not a trader, your concern should be profiting on the long run.

[krishnaverma]

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.

There is no need to hurry with the investment. First part in investing in anything, should be to make yourself aware about that thing. So, to be able to invest in crypto properly, you should first do all the research about bitcoin. Bitcointalk can be a good source for this. There are different sections here dedicated to different aspects of crypto. You can read the investment journeys of other members and there returns. Also, start with small investments first. Do not invest more than what you can afford to loose.

[Litzki1990]

Electrum wallet is undoubtedly the best as a complete wallet with more security in terms of wallet. As per your statement you have prepared everything and are just waiting for your monthly salary. This decision can be the best decision of your life. Since you have some idea about trading. Having some idea about trading and having no idea are two different things. Since you are able to read the chart and have some idea about it you try to move forward using that idea. If you keep doing this regularly, you can convert your minimal idea into much bigger idea.

[TravelMug]

Electrum wallet is undoubtedly the best as a complete wallet with more security in terms of wallet. As per your statement you have prepared everything and are just waiting for your monthly salary. This decision can be the best decision of your life. Since you have some idea about trading. Having some idea about trading and having no idea are two different things. Since you are able to read the chart and have some idea about it you try to move forward using that idea. If you keep doing this regularly, you can convert your minimal idea into much bigger idea.

It's going to be good for him, he is lucky that he find the Electrum wallet when he was still in the beginning. For me, I didn't research that much when I started to go back to bitcoin. I have some before, but I might have lost it already. As for investing, if the OP is going to wait for paycheck after paycheck to invest on bitcoin, then yes, as what the majority says, it's better to do DCA. It will greatly benefited him in the long run, he can do weekly or bi-weekly, or whenever his paycheck arrives.

[YUriy1991]

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.

It is always wise to exercise caution before making any investment decisions, especially when it comes to volatile assets like Bitcoin. Although you may be excited to enter the cryptocurrency market because in recent days corrections are very prone and Bitcoin charts show a downward trend. yes, I think it's better to just wait and see where the wind goes because the trading experience of each individual is definitely different and not all the same.

All I'll say is that most people that wait a long time to get into Bitcoin end up regretting that they waited so long.

I want to clarify that the statement "most people who waited a long time to get into Bitcoin end up regretting that they waited so long" is a subjective claim that has no verifiable evidence to support its validity. While it may be true that some individuals who hold off on investing in Bitcoin have missed out on potential profits, there are also many factors to consider, such as the volatility and unpredictable nature of the cryptocurrency market.

So, instead of rushing to invest based on FOMO (fear of missing out), it's better to take a breath first and continue to analyze market trends and risks and then make informed decisions based on personal financial goals and risk tolerance. I think that's how it should be and maybe better.

[m2017]

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.

Why wait? Better purchase price? I understand your desire to maximize your profitability, but I think that these attempts to wait for the best entry point are a waste of time. Just do it and don't worry. That's how I would say. This is not a call to action and you must make the decision yourself.

Some people can wait a very long time for bitcoin's fall even further. They wait and wait, but time goes by and they never buy. They live with some kind of naive hope that one day they will definitely buy as soon as btc becomes cheaper. Bitcoin drops in price, but they still don't buy and find new excuses for themselves. Don't be like that.

You are absolutely right that money investments should be taken seriously. But in the case of bitcoin, the rule works (so far it has worked) that whenever you buy, sooner or later it will pay off (it only depends on the waiting time). So, don't get carried away with a long wait to start.

[Reatim]

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.

It is your money mate so you must be the one to decide and make it happen.but
if you are going to ask us of how to handle this?
better not to wait for that long because the market may change anytime and you will regret of waiting than buying when you have a chance.
this may be a good guide but remember that experienced members is the best guide you may use.