Is it too late for newbies?

[sunsilk]

It is the right time to learn more and that's a good question that you've got about resources, so with all of the resources given to you and with your ability to search on materials online through google and youtube.

You shall be fine and able to find out that there are various resources that you can find out with your simple search.

Don't rush into investing when you've got no idea yet of what you're doing because that's a mistake that many is doing. And with your initiative of knowing it first, you're doing the right thing of starting it out by knowing what you're about to invest.

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[Smartvirus]

Hello guys,
I'm happy to be part of this community, and so far I've realized that everyone is more experienced than me, so I don't know how logical it is to ask this question, but I'll ask it anyway.

Is it the right time to invest in Bitcoin?

All my friends are talking about cryptocurrencies, but I still can't wrap my head around it.

You don’t have to be a newbie or some professional to buy and hodl bitcoin. You only have to be willing, have the resources and be familiar with how to work a wallet as well as what exchanges is or how to use them.

This is where it becomes important for you to study about what you want to invest your money in as, it’s not always joyful. There could be loses and that’s on you and your ignorance when it happens. Like every other skill or field out there, sort out for the knowledge first.

It’s never too late to invest in bitcoin. You can DCA and be good about that.

[hashrateproducts]

There is a beginning for everyone,and there was a beginning for every member of this forum that has passed the level of a newbie.The most important thing is how determined you are to thrive towards being successful.Newbies who believe in their personal ability will always do well as long as they have the zeal in them.Familiarising yourself with the modus operandi of this forum,and knowing the do's and the dont's of this community is one of the things you must do to have a peaceful existence in this forum.

[Razmirraz]

If you think Bitcoin investment is only about profit, you are wrong about this. Bitcoin investment does not only offer benefits, fluctuations that occur at any time offer you two opposite sides. Find out information about Bitcoin investment to prevent you from making some mistakes that can make your money disappear. Market conditions also need to be considered, the Bitcoin market cannot be separated from three kinds of conditions, Positive Conditions, Negative Conditions and Stagnant Conditions. After knowing the market conditions that Bitcoin always experiences you can determine the right time to enter and the right time to exit.

[Patrol69]

Considering the market right now, I would say wait for some time to invest because the market may go down again. In less than a week, the Bitcoin market has increased to about $5000. If the market can maintain this value, then there is a possibility that the market will increase further. Basically, we should wait for some time to understand the market condition. Because if we invest during this bullish period and after investing we may lose by investing if the price of Bitcoin falls.

[Rockstarguy]

Is it the right time to invest in Bitcoin?

All my friends are talking about cryptocurrencies, but I still can't wrap my head around it. What would you recommend for someone who has no previous experience? Do any of you have resources that you can recommend to me that will explain cryptocurrencies in the shortest and most simple way?
If you have any success stories you would like to share, I would be very grateful if I could benefit from them as well...

It is not late to buy bitcoin to invest because the price is low to gain profit if bitcoin enters the bull market. What you just need to is buy and hold and wait for the bull market. But I need to ask op what is the reason you want to buy bitcoin? Is it because your friends are investing in Bitcoin and you want to also get the same profits with them? Bitcoin is a good investment but never think of making profit as the only target,  you need to understand bitcoin to know how the market is. The market is always volatile and if you don't know about this and you start investing you may get panic when you experience serious volatility if the price is down.

This one of the problems of some beginners,  they just want to invest because of their friends who are making profit and they do not care to learn to have understanding about Bitcoin . If you don't have any knowledge about bitcoin,  I'll advice you to try as possible to know about well before you start investing,  do not let making profit to let you not to do the first thing that you are supposed to do which is learning. Don't try to meet up with your friends,  your friends might have gotten to  learn to get understanding about Bitcoin,  I urge you to understand bitcoin too before you invest.

[aylabadia05]

Is it the right time to invest in Bitcoin?

Previously you had to be sure of yourself first to Bitcoin. When you have a strong belief in investing in Bitcoin, then you will find out for yourself whether or not to invest in Bitcoin.
The right time to invest in Bitcoin lies in your ability to analyze it. General advice regarding the right time is to buy when the price is low. Then do it regularly according to ability.
Many people will say use a strategy known as the DCA concept.

[tvplus006]

...Is it the right time to invest in Bitcoin?..

Since no one can say for sure where the market will move next, you can buy bitcoin with part of your deposit. In this case, if the BTC price increases, you will get a profit. If the price of bitcoin drops, then you will have money to buy at a reduced price, and as a result you will get a good average purchase price.

[Renampun]

it's never too late to learn about bitcoin and altcoins, information about bitcoin and altcoins is now widely available on the internet, you can do googling or just go to forums that really discuss bitcoin and altcoins.

even though the bitcointalk forum is the best place to find information about bticoin and cryptocurrencies, you can still make references to several other forums out there for reading about bitcoin and altcoins, just to add insight.

[Obari]

Hello guys,
I'm happy to be part of this community, and so far I've realized that everyone is more experienced than me, so I don't know how logical it is to ask this question, but I'll ask it anyway.

Is it the right time to invest in Bitcoin?

All my friends are talking about cryptocurrencies, but I still can't wrap my head around it. What would you recommend for someone who has no previous experience? Do any of you have resources that you can recommend to me that will explain cryptocurrencies in the shortest and most simple way?
If you have any success stories you would like to share, I would be very grateful if I could benefit from them as well...

Since you're  new to the industry,  I think you should spend more time getting to read and know more about it and since you're already on this forum,I want to tell you that you're at the right place and the forum is one place you cab get all the possible knowledge  about bitcoin from people with practical experiences..
You should be aware that bitcoin  is a volatile asset  and nothing is certain about that and you shouldn't  be relying on other people's success stories  to build yours because it might not end well and what might work for one person might not work for the next person and you should rather figure out what truly works for you.

[kawetsriyanto]

Considering the market right now, I would say wait for some time to invest because the market may go down again. In less than a week, the Bitcoin market has increased to about $5000. If the market can maintain this value, then there is a possibility that the market will increase further. Basically, we should wait for some time to understand the market condition. Because if we invest during this bullish period and after investing we may lose by investing if the price of Bitcoin falls.

The chance of the market to drop again is always high after there is a big increase for few days/weeks. Bitcoin price can drop again around $28k, it may be the right time for the next entry. Currently, the market looks quite stable because Bitcoin still can survive above $30k. The market will be red again if Bitcoin price drops to $28k and we may hear some FUDs to trigger the price decreasing more. There is still 1-2 years for the bullrun season, so there is still enough time to buy again. Because of this reason, we don't need to hurry buying more coins.

[BitDane]

Considering the market right now, I would say wait for some time to invest because the market may go down again. In less than a week, the Bitcoin market has increased to about $5000. If the market can maintain this value, then there is a possibility that the market will increase further. Basically, we should wait for some time to understand the market condition.

News had been predicting that the next month would be another surge of Bitcoin as it stated that Bitcoin bulls are getting ready for the seasonal surge.[1]

The largest cryptocurrency by market cap tends to rally in the month of July, the report said.

Matrixport stated that  Bitcoin tends to rally during the month of July, so if the person who intend to invest have to wait for some days, there is a possibility that he will be buying Bitcoin at a possible higher price if the analogy of Matrixport is true.

How about instead of waiting, start accumulating then DCA all the way so that the we can average down if the price do plummet. 

Because if we invest during this bullish period and after investing we may lose by investing if the price of Bitcoin falls.

Bitcoin market is yet to enter the bull run state, the current surge is just a market recovery.


[1] https://www.coindesk.com/markets/2023/06/28/bitcoin-bulls-getting-ready-for-seasonal-surge-matrixport/

[Sandra_hakeem]

Are you really keen about investing and losing your cash on something you barely understand? Cus you don't sound like you've understood anything about crypto just yet.
For me, I won't buy BTC FOR A START at the time since it's already at 30k dolls... It's really profitable if you can possibly buy at its DIP; that's where you can possibly round off alot of profits at the ATH... I'll Still say you need to read up; cus you're supposed to understand that reading crypto news would do a great job rather than asking around.

Sandra 🧑‍🦰

[Fullcoinese]

Is it the right time to invest in Bitcoin?

All my friends are talking about cryptocurrencies, but I still can't wrap my head around it. What would you recommend for someone who has no previous experience?

I don't think it's too late to invest in Bitcoin.
if you don't have any experience with cryptocurrencies at all, what you have to do is, of course, you have to spend more time to increase your knowledge, whether it's through reading online articles or watching videos about crypto.
if there is something you don't understand, you can also take advantage of this forum to add to your reading reference material by using the search feature.
but in my opinion it's actually better if you can discuss and ask directly with friends or people you trust who already understand crypto and Bitcoin, it will be easier because you can interact directly and ask directly what you don't understand and someone directs you.

[Arenga pinnata]

I'm the same as you OP. i.e. still a beginner in bitcoin insight.

I've tried investing in bitcoin and I intend for the long term. but yesterday when the price experienced a spike I even sold it. and I get a little profit. But now I regret selling because the price looks like it will be quite difficult to get back down in the short term.

and while waiting for a drop back so I can go back to accumulating Bitcoins. so I now decided to learn and add insight in advance about all things related to crypto and trading and investment. So I think it's never too late. and it's better to start by adding insight before getting directly involved.

[Cookdata]

Is it the right time to invest in Bitcoin?

All my friends are talking about cryptocurrencies, but I still can't wrap my head around it. What would you recommend for someone who has no previous experience? Do any of you have resources that you can recommend to me that will explain cryptocurrencies in the shortest and most simple way?
If you have any success stories you would like to share, I would be very grateful if I could benefit from them as well...

I hope you are not investing because your friends of what your friends told you about Bitcoin, there is more to what you hear, it's goof side but I just want there is different stroke for different folks, your story and experience towards having Bitcoin might be different, it will be better than theirs or in the short time, it could be bitter experience of price fall. However, you should know that this is the best time to buy Bitcoin as many of us believe that as halving approaches, the market will adjust itself upward and anyone who have bitcoin in there portfolio will likely see some gains, so it's safe to say that you are on track as long as you keep holding it to that time.

[uchegod-21]

All my friends are talking about cryptocurrencies, but I still can't wrap my head around it.


If you have any success stories you would like to share, I would be very grateful if I could benefit from them as well...

Welcome to the forum of possibilities!
Stop seeking for success stories, you have heard enough from your friends. This time you have to focus on learning and learn as much as you can and then you can know when to enter the market. There is always an opportunity in the cryptocurrency market. It is either bull or bear. When you meet the market at bear, you will join but when you meet at bull you wait till it is bear.

[LogitechMouse]

Is it the right time to invest in Bitcoin?

All my friends are talking about cryptocurrencies, but I still can't wrap my head around it. What would you recommend for someone who has no previous experience? Do any of you have resources that you can recommend to me that will explain cryptocurrencies in the shortest and most simple way?
If you have any success stories you would like to share, I would be very grateful if I could benefit from them as well...

Is it the right time to invest in Bitcoin? Anytime is the right time to invest into Bitcoin, but there's one time where many will not recommend buying Bitcoin, and that's when the bull run peaked. When? We don't know, but that's the worst time to invest into Bitcoin. Aside from that, anytime is a right time to invest into it.

All of your friends are talking about crypto? Why you don't just ask to them instead of asking to us? Though it wasn't bad to ask here because obviously you will get more information here than your friends, it would be better if you approached them first then asked this question. What would we recommend to someone that has no experience? Obviously you need to do some research if you really are interested in learning Bitcoin. Reading articles, watching videos, watching documentaries is the ones I'd recommend especially the last one because that helped me a lot. Documentaries is a big thing for a newbie because they will tell you anything about something. Resources? There are many online. Your friends are considered as resources as well because they can be a good source of information for a newbie like you.

I have no success story, but what I can share is that, long term investing works. It works for me. It works for those who are thinking long term about investing into Bitcoin.

[icalical]

Welcome to the forum.

Is it the right time to invest in Bitcoin?

I think I have read this question like more than hundred times in this forum, my answer is always the same, it is always the right time to START investing in Bitcoin. If are about to start buying bitcoin then just buy it, not like much, but just set aside small amount of your money and use it to buy bitcoin now, after you are learning more about bitcoin and crypto you can decide whether this is the right kind of investment for you or not.

[Shamm]

Hello guys,
I'm happy to be part of this community, and so far I've realized that everyone is more experienced than me, so I don't know how logical it is to ask this question, but I'll ask it anyway.

Is it the right time to invest in Bitcoin?

All my friends are talking about cryptocurrencies, but I still can't wrap my head around it. What would you recommend for someone who has no previous experience? Do any of you have resources that you can recommend to me that will explain cryptocurrencies in the shortest and most simple way?
If you have any success stories you would like to share, I would be very grateful if I could benefit from them as well...

Welcome to the forum mate first of all once you are new here in forum all you need is to adopt and know first the rules and regulations because we have the rules and regulations that all the user must follow. And about the idea that ( it is the right time to invest crypto). Then I will say that every now and then is the right time to invest bitcoin. And it's up to us people if we can handle the price of bitcoin. Because it's very volatile we can not predict when is the time that the price will increase and decrease.