Maybe I should wait before owning my bitcoin

[Supreemo]

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.

[LastKiss]

~snip~

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 can try DCA if you're not good at reading the chart, if you're waiting for Bitcoin till the next bull movement you're already missing the current opportunity. Bitcoin can down 10% in a day and up 10% in a day so waiting for Bitcoin to have a vote that has Buy more compare to sell like you do, you will miss the train 

[SOKO-DEKE]

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.

Yes, there is always a good moment to buy.and this period is known as a bear market, and it occurs when the price of Bitcoin is falling.The fundamental issue, however, is that it can be challenging to forecast when Bitcoin will hit its lowest price and, more recently, when the bear market will end. As a result, many people who constantly time the market end up missing out on opportunities of bear market period.

I think any investor who buy Bitcoin at the current price and keep it for a long time before selling it, it will make a profit.If Bitcoin's maximum price during the previous bull run was $60k+ and the current price is $28k, I think anyone who buys now will earn a good profit during the bull run. Due that nobody can accurately predict when the price of bitcoin will rise or fall, it is still a smart idea to purchase it at this price average level.

[Myleschetty]

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.

Bitcoin is $27k currently, of which I don't think that's a bad price for O.P. not to invest in as much as he/she intends to hold the coin for a very long term (but only if he doesn't have the money currently). Secondly, if that market signal was to be 100% accurate, I bet you all Bitcoin holders would have been a millionaire by now because all they would have to do is just wait till when the signal says "Buy" they buy and sell when the signal says "Sell' and take profit every time. But I will love to surprise you that that sign does not work as you think, and as such I will like to advise O.P to try and have a budget and buy an amount of Bitcoin he/she can always afford at that very moment, knowing fully well that it's not a Ponzi scheme where he should be thinking of getting rich overnight

I never follow signals. What is used is the historical market trend cause it never lies since the Bitcoin market always replicates its previous trend.
With that being said, the OP plan was not to invest in Bitcoin. His plan was to trade BTC and he has yet to understand what crypto trading is and what he really wants for himself which is why I advise him to wait until he understands what he really wants.

[adzino]

Yeah, I think it is always wise to wait before buying your Bitcoin. By "wait", I mean being ready and understanding everything before jumping in with your money. It's always better to be safe than sorry, especially when it comes to money investment. Tradingview is actually a good platform to read the charts, and though I haven't read the guides, I am sure it would be of some use/help. Still better to follow multiple legit source than to stick with one source. Always remember that it's important to have a carefully planned strategy when investing in crypto, and always take the time to study the market and charts if you want to invest successfully.Remember to do your own research and make informed decisions based on what you learned. Not on what others told you.

[moneystery]

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.

You wait, wait, and wait for the price of Bitcoin to go down, but instead of going down it just keeps going up. Finally, you decide to buy when the Bitcoin price is high enough, but you buy it when the market is aggressive, in the end you lose money and regret it. What lessons can be learned? don't delay buying Bitcoin. If you have the opportunity to buy now, do it. Don't delay any longer!

[hannahB4]

If you decide not to buy now sure if not determined that your Salary will be spent on frivolous things. Personally, for me, I won't wait for any dump or to see the market, once I have my money I will buy, what is now left for me is to hold the coin until I profit as much as I want.

[BitDane]

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.

You wait, wait, and wait for the price of Bitcoin to go down, but instead of going down it just keeps going up. Finally you decide to buy when the Bitcoin price is high enough, but you buy it when the market is aggressive, in the end you lose money and regret it.

It the price of Bitcoin is surging and has increased by a huge percentage from the time it started, then I think it is wise to wait for the correction in order to get into the market with lower price.  It is not bad to wait for a better opportunity of buying Bitcoin at a lower price if and only if the market is surging and is yet to experience correction.

What lessons can be learned? don't delay buying Bitcoin. If you have the opportunity to buy now, do it. Don't delay any longer.

The lesson to be learned is not about delaying or not delaying.  It is about the market entry timing. We should know better that rushing to invest in Bitcoin without considering the market trend and performance for the past weeks or months can often lead us to a wrong entry point.  Like those who are in rush to invest when Bitcoin are in its peak and those who missed to invest when the market is in its  bearish sentiment and at the lowest entry point.  It is the right timing that we must learn if we wanted to maximize profit in Bitcoin trading.

[DiMarxist]

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.

As for me it is not some time but at all time. If a trade did not check signal before entering the market, my brother he will not survive in the market, so he has to do some research and check the market to know the movement of the market. Do you know that trading is different from investment. In investment , you can do without checking the signal but I don't think you can do that in the trading.

[MainIbem]

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.

Do you know that trading is different from investment. In investment , you can do without checking the signal but I don't think you can do that in the trading.

Usually checking of signal is applicable for the both, so are you indirectly telling us you can invest whenever the market is high is that what you mean?
This is wrong idea, during investment you need to check and study your market very well before jumping into and buy without knowing whether is about to dip or bull so during investment you must take precaution of these things as well. Check whether is the right time to buy and hold or not sometimes you may venture into market and it changes direction and turns bad on you.

[DoublerHunter]

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.

Do you know that trading is different from investment. In investment , you can do without checking the signal but I don't think you can do that in the trading.

Usually checking of signal is applicable for the both, so are you indirectly telling us you can invest whenever the market is high is that what you mean?
This is wrong idea, during investment you need to check and study your market very well before jumping into and buy without knowing whether is about to dip or bull so during investment you must take precaution of these things as well. Check whether is the right time to buy and hold or not sometimes you may venture into market and it changes direction and turns bad on you.

^Definitely right but just be careful of using this.
As I can see, trading signals and analysis can be useful tools, they should be used carefully and as part of a broader investment strategy.
Probably these tools probably be useful in identifying opportunities for long-term investment, you need to make sure that you are using them in the right decision. Just like technical analysis can be used to identify potential trends and price movements that may affect the long-term performance of an asset, but you need to make sure that you are not making short-term trading decisions based solely on technical analysis.

[Bushdark]

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.

We need to buy when the market is low and sell when the market is going up. Although the problem that is involved is that we might not know what the market is doing and where the market is going. This is why it is good for one to know how to read the market to be able to know when we are going to sell or buy in the market. The Crypto market moves up and down and if we observe well we will see that volatility is something that do make people to be scared of holding because they no not what thw market is warming up to do and the next direction of the market.

[blockman]

I'll trust more the greed index than that vote meter of buying and selling. Well, we have our every way of determining if it's a good time to buy or not.
But most of us will start buying when we consider the price is low and not with that type of measurement just as what you've indicated and said to be what you'll be following.
Anyway, if you buy, just think of it as your permanent decision that can't be altered so that you will have no regrets.

[Rigon]

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.

As you are looking for advice to invest then I can tell you that if you are a long term investor you can invest from instant market. The market is still relatively low. Moreover, if you think that the market may fall further, then it depends on you what you do. It is uncertain whether the market will go down. Because the market is full of volatility now. You may fail to do proper analysis in this volatile market. And here the voting system you have done may not be a good investment advice for you. So whatever you do, do it from your own thoughts.

[Yatsan]

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.

Better safe than sorry.
If you are a long term trader it would be fine entering any price point but ofcourse who doesn't want to make your decision on investment, efficient. For sure you'd earn more from waiting for a lower market price as to how you read the chart. Problem here is missing the uptrend if you will be too patient; expecting a downfall til $10k but happened to have a pivot on $24k. Would be fine if you would manage to cope up with the increase, but what if you did not? Buying halfway through pumps would be a gamble already 'coz prices could fall in an instant. And as we can normally see, once you chase the market trend you'd be easily frustrated.

[MainIbem]

Usually checking of signal is applicable for the both, so are you indirectly telling us you can invest whenever the market is high is that what you mean?
This is wrong idea, during investment you need to check and study your market very well before jumping into and buy without knowing whether is about to dip or bull so during investment you must take precaution of these things as well. Check whether is the right time to buy and hold or not sometimes you may venture into market and it changes direction and turns bad on you.

Just like technical analysis can be used to identify potential trends and price movements that may affect the long-term performance of an asset, but you need to make sure that you are not making short-term trading decisions based solely on technical analysis.

You know most at times I wonder how people do reason, why would someone go into investment without know and study the market, it's not possible for an investors to make his investments without drawing close charts and doing some analysis to connotes if the market is favorable to enter or not. As a matter of fact, Investment and trading uses the same functions to overview the market.

[crypticj]

Good idea. But I recommend you learn more about Bitcoin and trends so you can decide for yourself.
And overall, if you are not a good trader, then the best decision for you would be to use DCA to buy Bitcoin periodically in small parts.
That way you will statistically buy at a better price because you will leave your feeling aside and won't make emotional mistakes.

p.s. I'm waiting for bitcoin to go down too, so I think you choose the right tactics for now.

Good luck!

[Ronsbit]

I have no doubt you really have idea about how bitcoin works entirely. As it is now, every investor knows this current market condition is the best situation at which one can bag more bitcoin when holding for a long time. You should know holding now would pay off in the long run and you can buy in little fractions on daily purpose.

[OcTradism]

We need to buy when the market is low and sell when the market is going up.

"Be fearful when others are greedy and be greedy when others are fearful" Warren Buffet. We all know about that but in practice we don't do that. Most of us do oppositely like part of the crowd and we don't do oppositely to the crowd. Unfortunately we mostly buy at tops, sell at bottoms.

https://www.silkinvest.com/content-archive/2018/9/23/be-greedy-when-others-are-fearful

Although the problem that is involved is that we might not know what the market is doing and where the market is going. This is why it is good for one to know how to read the market to be able to know when we are going to sell or buy in the market. The Crypto market moves up and down and if we observe well we will see that volatility is something that do make people to be scared of holding because they no not what thw market is warming up to do and the next direction of the market.

You don't have to identify it if you focus on fundamentals and have good belief in Bitcoin. Buy bitcoin, consider it as your long term investment and you can ignore all greed, fear, ups and downs in the market, psychology cycle of the market and simply hold your bitcoins.

If you understand it, it is good and a support for your decision but your life and your investment will be more easily if you simply hold your bitcoin.

[Dzwaafu11]

I'm still perplexed as to why people still consult charts prior to purchasing bitcoin because, as I see it, a chart cannot actually provide someone with what they desire. If you want to purchase bitcoin, do so at the appropriate time without consulting a chart. After all, what would you do with your money if you followed a chart but later realized it wasn't the right time for you to purchase bitcoin? Before waiting for the time chart to show, I think you're going to use that money elsewhere, which might discourage you from purchasing and selling bitcoin.When the price of bitcoin dropped years ago, some individuals vowed never to buy it again and advised new investors to stay away since the coin would keep falling in value. However, just a few days ago, the price of bitcoin reached $30k, which suggests that many people are still holding out hope that the price will rise repeatedly.