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Author Topic: When to invest in bitcoin  (Read 1117 times)
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September 06, 2023, 12:33:16 PM
 #181

In general bitcoin is not just something you can just buy any time in the Aim of making profit
Or you have heard of bitcoin so many times and you want to see how it works.
But to my knowledge I will advise you to have a bitcoin or use it as means of transaction before you can proceed on research or reading articles on how to trade bitcoins.
The reason is because you have to be aware of the Game in BTC, before picking interest to make profit, Everyone is generally a trader but just few do a calculating trade and getting good signals.
The most important thing is that if you have interest in trading bitcoin, start using it for transaction so you can be able to know some basics things.
Some people are luck, they may be doing transactions for some people or have company money with them, And bitcoin rise, they only give them the value company records and take the profits, but if any loss they will tell company to check that bitcoin has decreased.
People are trading everyday but they don’t even know.



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September 06, 2023, 02:56:43 PM
 #182

Some people already missed the opportunity to buy bitcoin when the price was even lower. Most of them do end up listening to news that bitcoin is going to dump more, so they end up waiting and hoping that bitcoin is going to dump more so that they will buy, but no matter how much bitcoin dumps, some people won’t still invest and will still hope it dumps more, but instead of bitcoin dumps more, it changes pattern and starts pumping, and they missed the opportunity. Some of them might not even see bitcoin at that particular price anymore, but due to fear and news that they listen to, they decided not to invest in bitcoin. Everyone who still has plans to invest in bitcoin can still do that now because, as I said, the price of bitcoin is still low.
The price is now acceptable for buying, but it is difficult to say what will happen next, whether a further fall will follow, or it can be expected that growth will continue soon. Therefore, I would not buy Bitcoin with all the money I have now, I will definitely leave some part in case the price of Bitcoin continues to fall. We can only act based on market movements, but we cannot know for sure where it will go next. Perhaps there are those who are still waiting for the best price to buy, they are waiting for a new bottom and perhaps they can wait for this, but this is move for luck, because this may not happen and after the current correction the growth will continue.

R


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September 10, 2023, 04:42:14 PM
 #183

That is why when you can invest now, buy it because we don't know if Bitcoin is just going to rally up and you will be left behind. The strategy of others that are accumulating Bitcoin is the same as mine: as long as I have extra money, no matter what the price is, I always purchase it because I am accumulating Bitcoin, not because I could be left behind, but because if I wait a few days, the money intended for it will be used for something else. That is why I always purchase, no matter what.

Some people don't wait for the dip and buy bitcoin whenever they have extra amount of money other than daily use. The reason behind this act is that if you wait for the dip and occurrence of dip takes longer time then there is a possibility that your saved amount will be easily spend in other useless activities in a case of waiting for the dip.

I think it is the best decision but most of the people don't do this because they don't believe investment due to higher volatility rate. It depends on the economic condition of a person that when he can afford he should buy bitcoin because some people will not be able to afford at higher and some will miss the opportunity by waiting for the lowering worth









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September 10, 2023, 07:19:47 PM
 #184

If you're probably asking the right time to invest in bitcoin, then now and ever is the best time, I will go by saying this that whenever you're having money to exchange for bitcoin then you can invest, also when the market is bearish you can invest and set a target, when you discover you're a low income earner and wish to use DCA for buying gradually and accumulating it, then lastly, invest in bitcoin whenever you think you've got enough needed to make an investment with, which will help you against making mistakes.
yeah, great idea, i really like the DCA concept, especially when you make money in the real world (have a stable income) with work or business then investing in bitcoin with the DCA concept can make your expenses stable, you will be very free to determine the monthly budget that you have to spend to buy bitcoin.  but not everyone likes the DCA concept, some also like to buy bitcoin when the market is bearish and then sell when they have made a profit (Bitcoin investors have different tricks and styles)

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September 10, 2023, 07:39:18 PM
 #185

-snip-

Some people don't wait for the dip and buy bitcoin whenever they have extra amount of money other than daily use. The reason behind this act is that if you wait for the dip and occurrence of dip takes longer time then there is a possibility that your saved amount will be easily spend in other useless activities in a case of waiting for the dip.

I think it is the best decision but most of the people don't do this because they don't believe investment due to higher volatility rate. It depends on the economic condition of a person that when he can afford he should buy bitcoin because some people will not be able to afford at higher and some will miss the opportunity by waiting for the lowering worth
Waiting for a dip is fine, but they can also do that with DCA. Dollar Cost Averaging is intended to give you the opportunity so that if at any time the price of the asset you invest in falls lower than the initial purchase price, then you still have a budget to accumulate it. Experienced investors certainly implement this strategy when investing, but lump sums are also not something that is prohibited.

But it is always good to do analysis first before making a decision. There are times when a lump sum is better than DCA, but there are times when DCA tends to be recommended because the market is less profitable. So the point is that consideration and analysis are needed so that investment plans and goals can be achieved.

 
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September 14, 2023, 09:21:03 AM
 #186

Not only in bear market but the right time to invest in Bitcoin is when you're finally decided that you are a 100% sure about it.
If you or anyone wants to wait on a 100% assurance to invest in bitcoin, you just might end up not having to invest at all. That’s because, there isn’t any 100% assurance on bitcoin investment or any other investments out there. It completely undermines the risk factor of it and as such, you just might be doing it wrong.

You’ve got to understand the risk, have a good knowledge of what you’re about to invest in as well as how to safeguard your investment and that would be a green.

Those that are waiting on a bear market or a market at the dip to invest in bitcoin would end up procrastinating and never get to invest. It’s better you DCA.

What I meant by 100% sure is about everything that should be consider before investing, not just the money.

And waiting is a must, I don't know why you're so negative about it. Waiting doesn't technically means that you have to wait until it drops hard, but when you're contented about the price to buy or sell it. But yeah, newbies often wait forever that's why they always missed the chance to make profits and they repeat it so many times before they totally learned their lesson.

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September 14, 2023, 09:47:23 AM
 #187

The price is now acceptable for buying, but it is difficult to say what will happen next, whether a further fall will follow, or it can be expected that growth will continue soon. Therefore, I would not buy Bitcoin with all the money I have now, I will definitely leave some part in case the price of Bitcoin continues to fall. We can only act based on market movements, but we cannot know for sure where it will go next. Perhaps there are those who are still waiting for the best price to buy, they are waiting for a new bottom and perhaps they can wait for this, but this is move for luck, because this may not happen and after the current correction the growth will continue.

Since you never know when the best time to buy or sell is, I think it is required to determine for yourself how much and for how long you are willing to invest. And what percentage of profit will suit you. This way you will have at least some confidence and not hesitate as you see the market change. Yes, this approach does not guarantee you an entry at the bottom and an exit at the top, but it does ensure that the position will be both opened and closed. And this is already a lot, compared to the fact that most people simply look at the chart in the hope of seeing even lower prices there to buy, or even higher prices to sell, but this does not happen, so there are no actions by such a person is undertaken. And he remains where he was.

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September 14, 2023, 11:02:10 AM
 #188

Bitcoin is good asset when you know exactly when to invest in bitcoin, before now I have being reading articles of bitcoin and when I read the articles of bitcoin I do notice new things every time I read of bitcoin. I notice that investing in bitcoin it needs more research to know when due is the perfect time to invest in bitcoin. And I find out that the perfect time a newbie can invest  in bitcoin  is when the price  of bitcoin  is in bear market, like some weeks ago bitcoin drop a different in the market price and its very nice opportunity for short term investors to buy and keep and be ready to sell when the market rise. I was willing to buy bitcoin immediately the price drop but the challenge i have them was I'm  not with cash, but I will be waiting until the price fall again, and if it fall again I will not miss the opportunity of buying bitcoin and keep for long term investment
Bitcoin is undoubtedly a good investment asset. But you must know when to buy Bitcoin to invest. A newbie has a lot of desire to invest Bitcoin but he doesn't know exactly when to invest. But I think now is a good time to invest in Bitcoin. Yes, quite some time ago the price of Bitcoin came down slightly from the current price. If people could have invested in Bitcoin back then, they would still have short-term profits. But those who are thinking to make long term investment can invest from this instant market as the market will go up very soon. You may not get this price of Bitcoin later.

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