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Author Topic: Is it the right time to invest in Bitcoin?  (Read 589 times)
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November 03, 2023, 12:23:32 PM
 #21

There is no time in which a potential investor can invest in Bitcoin, bitcoin is volatile that's why we experience fluctuation all the time, purchase it as you can, don't be greedy, satisfy your curiosity, make yourself available, and do what you can, but don't invest your life savings to avoid regret, my advice is, be ready for a long term thing don't be so fast to think that once you invest today, richness will come immediately, just have it in your mind that anything is possible but don't allow negativity to go through your mind always, be positive at all time, the decision is left for you to make, but if I am to advise you in this situation, I will say that you should buy now because the price might skyrocket soon.

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November 03, 2023, 12:52:55 PM
 #22

There is no right or wrong time to invest in bitcoin because bitcoin value will keep increasing with timeline especially now that the news of Bitcoin ETF approval will be in the next two months. If you have not invested, it is not late you will still make profit from bitcoin investment, if you hodli in a long term and accumulate regularly with DCA method to increase your bitcoin portfolio until you reach your bitcoin target.

Bitcoin is open for everyone to invest and benefit from but you should start investing now because the current price is still cool to buy and don't wait till your invest due to FOMO. If you don't have a job, look for one and if your income is small that you can't invest from, get a second job because bitcoin investment is worth it.

It is true that there is no right or wrong time to invest in bitcoin, it all depends on when a person makes the decision to do so. But there can be better or worse off times to invest, for example now is a better time to invest in bitcoin, because of the positive speculations about the bitcoin ETF approval, halving next year and after that the expected ATH where we're very certain that the bull run will raise lots of profits. So i totally agree with you that people who are into bitcoin, but don't have enough savings to invest should get a second job to increase their income, so they can have better chances of buying bitcoin for investment, as this is a very good time for it. Although it's normal to doubt the possibilities of bitcoin price to keep going higher, because of the increased price pump in a short time, whether we'll start to experience price dump after investing. But looking at the events that are about to unfold in the bitcoin space, i believe that it is possible that price will keep increasing.

I personally look forward to cashing in big time from my little bitcoin investment, so I'm making all efforts to invest more, as this is the right time for it.

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November 03, 2023, 01:07:28 PM
 #23

I guess that as some other folks said, there is no right or wrong value. You are valuing Bitcoin compared to the US$, but many people here expect the system to change, and Bitcoin value will no longer correspond to a value in dollars... Right now it is not a bad time, it has been way higher, and we are pre-halving..
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November 03, 2023, 01:17:50 PM
 #24

For me any time is an opportunity to make a purchase in bitcoin because usually I share different patterns for investment. For example, when the price drops I will try to enter the market and buy some percentage of bitcoin to save according to the capital I have. If prices rise, perhaps we can use the DCA method and pattern to collect it regularly every month and the percentage can be adjusted according to our financial capabilities.

Perhaps the most appropriate answer to answer the question "when is the ideal time to buy is when you have the money". But everyone must have a plan if they think Bitcoin is one of the best investments, therefore this plan can bring them to the stage of being able to enter the market. You know when to enter the market if you can see the potential and currently the price of bitcoin is showing a positive trend again even though it is experiencing a slight correction.

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November 03, 2023, 01:19:41 PM
 #25

This is the right time to invest in bitcoin for the long term as the price will go up and wait patiently. A long term cryptocurrency investment strategy is considered much better. This is because crypto assets typically follow cycles and compound over time thereby increasing in value investing in bitcoin or cryptocurrency is entirely up to the investor. Bitcoin is the best currency in the crypto market and stands at the top of all currencies so one is able to invest in bitcoin whenever he/she wants. But right now the value of bitcoin is very low so now is a good time to invest and hold every investor who holds the currency when the price falls bitcoin long term investment will give good profit.

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November 04, 2023, 12:50:47 AM
Merited by HelliumZ (1)
 #26

As you can believe, at this time Bitcoin can achieve a natural value as the price has fallen. It can be a powerful regular investment tool, which can be safe and reliable while giving long-term returns. However, it is important to be well educated and get advice before recommending this procedure. It is important to wait patiently to invest in Bitcoin for the long term. The price of Bitcoin can change from time to time and it is possible to see a slight price increase. Invest patiently and you can get more and the impact of recent price changes will be minimal. However, the entire public and the owner must exercise self-discipline to invest the appropriate amount for himself and there may be debate dilemmas. Debate and circumstantial observation are important to make sound investments. Bitcoin can be a reliable investment, so it is important to monitor the situation regularly at regular intervals.

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November 04, 2023, 01:13:29 AM
 #27

Is it the right time to invest in Bitcoin?
Right now bitcoin is like at half the previous ATH, nobody knows if it'll go up or down in the incoming months but in general, if we look at the big picture, the future looks pretty bright. Buying now is a good move, the price is not bad at all, let's not forget that there are people who buy just when bitcoin is hitting a new ATH, just extremely risky to do.

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November 04, 2023, 02:21:11 AM
 #28

As far as I know there is no right time to invest, you can invest in Bitcoin at any time. If you want to invest for long term then you must remove this kind of thinking because long term investment you can buy bitcoin from anywhere. And if planning to invest for short term then you must invest from bear market which can give you profit in few days. If you notice that those who invested in the bear market in 2018 have not yet sold their money then they are still not in loss but in profit. Moreover, since Bitcoin's market peaked in 2021, many people have invested long-term only hoping for high returns. But those investors who bought Bitcoin at the peak pumping of that time are now in good amount of losses but they did not get emotional but held patiently. So you can invest from any place and hold for future which will give you double amount of profit.And if you invest from the current market then with the intention of short term profit but surely you can get good amount of profit within few months.

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November 04, 2023, 02:28:20 AM
 #29

I think it's the right time to invest in Bitcoin. Although the price has already increased a lot from several months ago, this isn't the peak yet. We're far from the peak.

We have to remind ourselves that the SEC approval of a Bitcoin spot ETF has yet to happen. If that finally happens, we can imagine how much money will go into the Bitcoin market.

And then there's the halving in April next year. This will significantly affect the amount of new supply. The demand is rising while the supply is dwindling. That means the price will be going up.
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November 04, 2023, 02:33:30 AM
 #30

For me any time is an opportunity to make a purchase in bitcoin because usually I share different patterns for investment. For example, when the price drops I will try to enter the market and buy some percentage of bitcoin to save according to the capital I have. If prices rise, perhaps we can use the DCA method and pattern to collect it regularly every month and the percentage can be adjusted according to our financial capabilities.

Perhaps the most appropriate answer to answer the question "when is the ideal time to buy is when you have the money". But everyone must have a plan if they think Bitcoin is one of the best investments, therefore this plan can bring them to the stage of being able to enter the market. You know when to enter the market if you can see the potential and currently the price of bitcoin is showing a positive trend again even though it is experiencing a slight correction.
Indeed, the fact that Bitcoin is so uncertain creates both problems and chances. Adopting a multifaceted approach like the one you described shows that you have a deep knowledge of how markets work. Not just "buy low, sell high"; its also about entering and leaving the market strategically and holding on for the long run. When you use the DCA method, you keep buying assets no matter how much they cost. This shows that you believe in the long-term potential of the asset.

Its important not to rely too much on past trends, though. In a market as unpredictable as cryptocurrency, past success doesnt always show what will happen in the future. You talk about a "positive trend" that includes a small correction. This is a normal market action. Remember, though, that overnight shifts are typical in the crypto world. Always keep this in mind: do a lot of study, invest wisely, and never risk more than you can afford to lose.

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November 04, 2023, 05:42:51 PM
 #31


If you think this is a good time to buy, why don't you buy now and wait for a correction? Furthermore, if bitcoin doesn't correct as you expected and continues to rise to new highs, what will you do? I think if our goal is long term then buying now wouldn't be too bad. If you don't want to buy bitcoin at 34k$, what price are you looking for?
My portfolio is already 99% complete, I started buying Bitcoin from the moment it reached the price of 25k and bought it while it was lower. Now I can buy something for medium-term trading, and I only trade on spot to minimize risks.

Maybe someone will now decide that buying for the long term is a good idea, then let him buy, I have nothing against it, it’s everyone’s choice, but at the same time I see that if someone buys Bitcoin now at a price of 35k, he will not get very big profit.

As for the correction, I see that Bitcoin is now overheated and it has a much greater chance of going down than continuing to grow, if someone thinks differently, then let them buy and wait for the growth.

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November 05, 2023, 05:10:20 AM
 #32

If you are searching for the right time to buy Bitcoin. In my opinion the right time was when Bitcoin is 15,700$. From now to then the price increase 15k dollars to 35k dollars. Because of some reason if you don't buy it at 15k I think that time is not too much late because of Bitcoin having. The predictor predict that the price of Bitcoin will go up to 100k $. I don't accurately remember who predict this but I have seen this in a twitter post I don't know this is real or fake. But we all know the halving strategy. That's why we can say that it could be right time to buy before the halving.
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November 05, 2023, 07:40:59 AM
 #33

There is no time in which a potential investor can invest in Bitcoin, bitcoin is volatile that's why we experience fluctuation all the time, purchase it as you can, don't be greedy, satisfy your curiosity, make yourself available, and do what you can, but don't invest your life savings to avoid regret, my advice is, be ready for a long term thing don't be so fast to think that once you invest today, richness will come immediately, just have it in your mind that anything is possible but don't allow negativity to go through your mind always, be positive at all time, the decision is left for you to make, but if I am to advise you in this situation, I will say that you should buy now because the price might skyrocket soon.
Both time and no time exist. There is time in the sense that you may purchase at any time, regardless of the season, and that if you buy during the bear market and can hold onto your investment, you may potentially profit handsomely when the bull market arrives, which could be two or three years from now. When people trade, greed usually drives them to make a lot of bad decisions because they want to make all the money they can, which is not a good idea. Magnificent advise: only take on as much as you are capable of handling as a dealer.

When people hear about bitcoin and its potential they become curious and all they want to do is to make money and want to become a millionaire overnight which is not possible, has a trader you need an open mind to learn from others and also from your mistakes and with time you will get the results the trader so desire.

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November 05, 2023, 09:49:16 AM
 #34

I think it's the right time to invest in Bitcoin. Although the price has already increased a lot from several months ago, this isn't the peak yet. We're far from the peak.

We have to remind ourselves that the SEC approval of a Bitcoin spot ETF has yet to happen. If that finally happens, we can imagine how much money will go into the Bitcoin market.

And then there's the halving in April next year. This will significantly affect the amount of new supply. The demand is rising while the supply is dwindling. That means the price will be going up.

We should take a longer-term view than just stopping approval of bitcoin ETFs and the upcoming halving.  will you continue to invest in bitcoin after the halving and the bull season ends?  Bitcoin is a financial market that will always be volatile so we can invest at any time possible.  not to mention, if those people have not invested in bitcoin and they diligently learn everything about bitcoin.  they will realize that the upside potential of bitcoin is still huge, because less than 5% of the world's population owns bitcoin, the remaining 95% have not invested in bitcoin while the bitcoin supply is only 21 million BTC.  but the opportunity will become increasingly smaller if we hesitate and do not invest early, pioneers are always the ones who benefit the most.

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November 05, 2023, 11:24:12 AM
 #35

Regardless of what others would say, for me, it is always the right time to invest in Bitcoin. Why? Because the price what we have today is much cheaper than possibly what we have in the future. Though this is only possible for long term hodlers.

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November 05, 2023, 12:02:06 PM
 #36

Well, I think this will depend on the investor. Many will say that it is the right time or that yes, you can invest in bitcoin anytime. Some will, of course, disagree, etc., so I think it's okay that you can ask the opinions of other people, especially in this forum, but of course the decision will still depend on whether the investor will continue investing. I think before investing, the investor should of course consider a lot of things, like whether he can invest in equity or if the market shows an opportunity to buy bitcoin and such. In short, there are things to consider before you can say that this day or this time is the best time to invest.

If only investing, then every time is the best time to invest, but if investing aims to earn, then an investor should do research and analysis first if the market shows an opportunity, and that depends on the technical analysis of the investor itself. What I'm sure of is that it's still not too late to invest in bitcoin.

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November 05, 2023, 12:18:07 PM
 #37

I take people who ask questions like op did as fomo investors, if you pay attention you'll notice that fomo investors come with these kind of questions when BTC starts to rise in price, they want to know if they can buy some for themselves now and sell it again after a short time. BTC was below $30k for sometime, but they weren't interested and they were only watching the market, once it crossed $35k, they became interested, but they want to know if it will continue rising or if it will fall.

It is worth mentioning that nobody can predict what will happen with BTC price, so we cannot give you the answer you are looking for, do your own research and choose the BTC strategy that is best for you and buy the amount you can afford to lose.

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November 05, 2023, 01:35:42 PM
 #38

There is no ideal or correct time for investment. Every time is appropriate if you want to invest long-term. Whoever bought at 2017 ATH can sell now and his investment will have been lost, but we can say that this time is the best time to achieve the maximum possible profit in the shortest possible time?
In theory, it is correct, but the price may be in the area between 25k to 32k at some point in the beginning of next year before the upward line continues. Therefore, now is an appropriate time to achieve maximum profit, but it is not the best.
Calculating Bitcoin's past record gives some idea of ​​when the price of Bitcoin is likely to rise. Usually we see that every 3-4 years Bitcoin has a high pump and ATH build up. But it's hard to say when that will happen.  So one should always plan for long term investment and only long term investment can bring a good profit. And a person who only looks for a right time to invest will never find that right time. A few months ago when the price of bitcoin dropped to $15k we were still wondering when is the right time to invest in bitcoin and the price of bitcoin will probably drop further but from there it has now rebounded to 34k which is 2x+ from that time.  So rather than finding the right time to invest in Bitcoin, it is wiser to invest instantly and hold patiently.

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November 05, 2023, 02:49:48 PM
 #39

I take people who ask questions like op did as fomo investors, if you pay attention you'll notice that fomo investors come with these kind of questions when BTC starts to rise in price, they want to know if they can buy some for themselves now and sell it again after a short time. BTC was below $30k for sometime, but they weren't interested and they were only watching the market, once it crossed $35k, they became interested, but they want to know if it will continue rising or if it will fall.

It is worth mentioning that nobody can predict what will happen with BTC price, so we cannot give you the answer you are looking for, do your own research and choose the BTC strategy that is best for you and buy the amount you can afford to lose.

And I also noticed that when bitcoin crossed $34k in recent days, topics like this appeared more when bitcoin price was $15k or $25k. That proves what you said is completely right, the people who ask this are just Fomo, they are afraid of missing out on opportunities, they have never researched anything about bitcoin and the market. Giving advice to these types of people is difficult, if not impossible, because they will likely blame us if the market declines.

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November 05, 2023, 02:59:53 PM
 #40

There is no ideal or correct time for investment. Every time is appropriate if you want to invest long-term. Whoever bought at 2017 ATH can sell now and his investment will have been lost, but we can say that this time is the best time to achieve the maximum possible profit in the shortest possible time?
In theory, it is correct, but the price may be in the area between 25k to 32k at some point in the beginning of next year before the upward line continues. Therefore, now is an appropriate time to achieve maximum profit, but it is not the best.
Calculating Bitcoin's past record gives some idea of ​​when the price of Bitcoin is likely to rise. Usually we see that every 3-4 years Bitcoin has a high pump and ATH build up. But it's hard to say when that will happen.  So one should always plan for long term investment and only long term investment can bring a good profit. And a person who only looks for a right time to invest will never find that right time. A few months ago when the price of bitcoin dropped to $15k we were still wondering when is the right time to invest in bitcoin and the price of bitcoin will probably drop further but from there it has now rebounded to 34k which is 2x+ from that time.  So rather than finding the right time to invest in Bitcoin, it is wiser to invest instantly and hold patiently.
In the past, we've seen which seasons saw the biggest gains in Bitcoin prices and when the market bottomed out again. If we analyze those past markets then we will surely understand that you are right that after 4 years a new ATH of the market is formed. But it is difficult to say when that time will be because no one can say it, but if we have patience then surely it will be possible to reach that stage. It is true that long term investment always helps in getting profit, but short term investment never able to give huge profit. A long time ago the price of Bitcoin reached $15000, but then we saw that people were very scared to invest even then, and they questioned whether now is the time to invest in Bitcoin. But if those successful investors had invested at that time, they could have earned a good amount of profit by now, just like today, since the price of Bitcoin is $35000 dollars, even if you invest now, you can earn a good profit later. It would be best to invest in the current market with a long-term plan rather than looking for time to invest in Bitcoin.

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