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Author Topic: Best time to buy BTC NOW?  (Read 2557 times)
GxSTxV
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January 27, 2024, 08:12:14 PM
 #101

Some here were talking about rumours of BTC being purchased from Saudi Arabia, but well, that's just a rumour.
Unless someone tracked some Saudi Arabian whales' wallets, and they had huge transactions of Bitcoin purchases, otherwise they are just rumors maybe on social media from them which we can't really confirm. Bitcoin price now. Has raised significantly more than 5% in these previous two days, and many people are saying that is the bull run started already. Personally, It's a chance for me buying this dip and waiting for the market to move up and I don't have any pacific or exact time to buy or get bothered if the price go lower once again and create more chances for people who missed the last dip.

Unfortunately, I can't follow all the technical analysis about market now, I know the halving is coming in April so people would have to buy and stock large amounts of bitcoin.

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January 27, 2024, 08:21:21 PM
 #102

Currently, bitcoin is already priced at $41k so it has recover slightly from the said price drop. But I still suggest to never doubt buying bitcoin if you are really determined to buy. No one can tell when it will drop its price significantly so as long as you can afford to buy, then buy now. And be ready to DCA in the next days and months before bitcoin halving takes place.

I guess bitcoin has huge potentials enough to make it irresistible to buy. So asking if this would be the best time to buy or not is actually showing no confidence to bitcoin.


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January 27, 2024, 08:22:36 PM
 #103



Quote
But I have no claim if that strategy is right or wrong as we can make our own way of earning because what is important is that we all reach our main goal - PROFIT. In this market, we can't say when is the perfect time to buy but at least buying at a cheap price is best. However, it is not all about when to buy but also we need to learn how to hold.
All strategies depend back on ourselves whether it is suitable or not then we ourselves have to feel because we think we are suitable for one purchasing strategy does not mean that other people also feel suitable for it so it is important to know about ourselves first before continuing further about anything.
As for the time, everyone has their own perspective and I still think my perception is the truth for myself because there is no wrong time to make a purchase but sometimes our plans are not right so that makes us feel inappropriate to buy because our plans are not ripe for it.
I quite agree with this because in the end, regardless of whether buying at a falling or rising price, it will not be a problem if indeed the initial planning about how long we will hold and how many targets we want to achieve for the release of the investment we do in the end, we will not feel that the purchase time is right or wrong because we already hold a mature strategy and planning from the beginning.
But sometimes for them, especially beginners, they are always in a hurry by doing attitudes so that sometimes it makes the purchase time seem wrong for them because the initial goal is not for long-term investment but the thought is how to buy and get big profits instantly so they don't think about anything when buying because they hope that instant profits can be had easily.

On the other hand I also agree about saying that the most important thing in this case is not buying and selling because it is an easy thing but holding back is sometimes more difficult to do.

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CageMabok
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January 27, 2024, 08:35:09 PM
 #104

Currently, bitcoin is already priced at $41k so it has recover slightly from the said price drop. But I still suggest to never doubt buying bitcoin if you are really determined to buy. No one can tell when it will drop its price significantly so as long as you can afford to buy, then buy now. And be ready to DCA in the next days and months before bitcoin halving takes place.

I guess bitcoin has huge potentials enough to make it irresistible to buy. So asking if this would be the best time to buy or not is actually showing no confidence to bitcoin.
If the person asking is a newbie or someone who is still a junior, I don't think it's wrong to ask, because it doesn't mean he doesn't believe in Bitcoin. But just to make sure by asking many people here about the right time to buy, so with the question he asked, at least the OP already knows that Bitcoin is indeed very good to buy using any method. Even through the DCA method, because now the price of Bitcoin has changed a lot and can immediately recover after experiencing a price decline in the last few days.

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January 27, 2024, 08:47:05 PM
 #105

Currently, bitcoin is already priced at $41k so it has recover slightly from the said price drop. But I still suggest to never doubt buying bitcoin if you are really determined to buy. No one can tell when it will drop its price significantly so as long as you can afford to buy, then buy now. And be ready to DCA in the next days and months before bitcoin halving takes place.

I guess bitcoin has huge potentials enough to make it irresistible to buy. So asking if this would be the best time to buy or not is actually showing no confidence to bitcoin.


If you believe there will be a new ATH for Bitcoin during the next bull season, don't hesitate to buy now. For example, if tomorrow there is a Bitcoin correction to a price of 35k, stay calm and don't be careless. Of course, if we believe in the upcoming big increase, the buying target will still bring profits. although you have to wait patiently for it to come soon
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January 27, 2024, 10:02:09 PM
 #106

Yeah. A good opportunity to DCA and increase your holdings.
There are people praying that it touches $10k, and are actually waiting for that price, but I don't think they will ever see it again. Maybe $38k, $37k, but for $10k, I don't see that happening.

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January 27, 2024, 10:27:01 PM
 #107

Some here were talking about rumours of BTC being purchased from Saudi Arabia, but well, that's just a rumour.
But people tend to panic and sell, so this might be the best moment to buy as much btc as possible. What do you think?
There is nothing to worry about when investing in Bitcoin. Falling prices are not a problem, because they can easily change to higher prices. It just depends on our financial condition. If we invest with money that is meant to be saved, of course we will relax when we see price changes.
There are always rumors every year. However, the rumors must have come from people who have high financial capabilities. So they were able to turn the rumors into reality.

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January 27, 2024, 10:59:41 PM
 #108

No one can tell where the market is exactly heading but regardless of the price of bitcoin, I always think now is the best time to buy bitcoin. Some people may continue to disregard buying bitcoin because they keep on waiting on the perfect time to enter the market until they lost a lot of opportunities because of their mindset.

However, for those who are very positive about bitcoin and have high faith on its potentials, they always see to it that they never miss opportunities to invest and keep DCAing instead to accumulate maximum amount of bitcoin.

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January 27, 2024, 11:08:45 PM
 #109

Some here were talking about rumours of BTC being purchased from Saudi Arabia, but well, that's just a rumour.
Unless someone tracked some Saudi Arabian whales' wallets, and they had huge transactions of Bitcoin purchases, otherwise they are just rumors maybe on social media from them which we can't really confirm. Bitcoin price now. Has raised significantly more than 5% in these previous two days, and many people are saying that is the bull run started already. Personally, It's a chance for me buying this dip and waiting for the market to move up and I don't have any pacific or exact time to buy or get bothered if the price go lower once again and create more chances for people who missed the last dip.

Unfortunately, I can't follow all the technical analysis about market now, I know the halving is coming in April so people would have to buy and stock large amounts of bitcoin.

The current price rise of Bitcoin about 5% is nothing in my opinion. Even though we have seen a massive rally in Bitcoin prices for the last 2 to 3 months but this does not mean that we are at the top. I think bitcoin will reach 100K or even more in this bull market and considering this, you can continue to buy bitcoin under 50K.
I think bitcoin is still valued at cheap and a price under 50K is like a buy button for bitcoin and keep it safe for 1.5 years (the bull market period).
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January 28, 2024, 01:39:00 AM
 #110

Some here were talking about rumours of BTC being purchased from Saudi Arabia, but well, that's just a rumour.
Unless someone tracked some Saudi Arabian whales' wallets, and they had huge transactions of Bitcoin purchases, otherwise they are just rumors maybe on social media from them which we can't really confirm. Bitcoin price now. Has raised significantly more than 5% in these previous two days, and many people are saying that is the bull run started already. Personally, It's a chance for me buying this dip and waiting for the market to move up and I don't have any pacific or exact time to buy or get bothered if the price go lower once again and create more chances for people who missed the last dip.

Unfortunately, I can't follow all the technical analysis about market now, I know the halving is coming in April so people would have to buy and stock large amounts of bitcoin.

The current price rise of Bitcoin about 5% is nothing in my opinion. Even though we have seen a massive rally in Bitcoin prices for the last 2 to 3 months but this does not mean that we are at the top. I think bitcoin will reach 100K or even more in this bull market and considering this, you can continue to buy bitcoin under 50K.
I think bitcoin is still valued at cheap and a price under 50K is like a buy button for bitcoin and keep it safe for 1.5 years (the bull market period).
Yes bitcoin has very potential to reach $100k because btc already make a ATH of $68k before if btc really follow the 4 year cycle then we will the bitcoin price of $100k soon because the 4 year cycle time will reach soon. the first high ATH was $20k in 2017 and the second big ATH  was 68k which is almost 3.2x then previous ATH rate. so if btc price still happen like before then $100k is easy target for next ATH soo anyone can buy btc now and hold long time to reach 100k target
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January 28, 2024, 02:15:26 AM
 #111

No one can tell where the market is exactly heading but regardless of the price of bitcoin, I always think now is the best time to buy bitcoin. Some people may continue to disregard buying bitcoin because they keep on waiting on the perfect time to enter the market until they lost a lot of opportunities because of their mindset.

However, for those who are very positive about bitcoin and have high faith on its potentials, they always see to it that they never miss opportunities to invest and keep DCAing instead to accumulate maximum amount of bitcoin.

A lot of people trust their buy entry to some influencer on the Internet although it's not a bad thing for those who just enter this space but just like you said we never know where the market is heading. Our strategy will determine when we should buy Bitcoin and when we should sell Bitcoin cause many people only see quick profit from Bitcoin. Right now DCA is the best strategy since many speculate that after ETF we will fly above 50k$ but in reality we're back to 40k$.

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January 28, 2024, 02:27:30 AM
 #112

If you think that bitcoin will go up, don't do it otherwise don't do it because the market moment will always be like this. Every time a price drop is followed by a recovery and it will always happen again. If your coin has poor defense it will take a very long time to recover but not for BTC. The proof was that yesterday you could see it. Smiley

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January 28, 2024, 05:29:50 AM
 #113

Yeah. A good opportunity to DCA and increase your holdings.
There are people praying that it touches $10k, and are actually waiting for that price, but I don't think they will ever see it again. Maybe $38k, $37k, but for $10k, I don't see that happening.
I also don't think it's possible for Bitcoin to hit $10,000 but I never agree with those who think it's possible. But you are right DCA method is best to invest in bitcoins those who are investing bitcoins with DCA method are getting more success in investing. Bitcoin market improved by $48969 and started dumping again and reached $38555. At this time, those who are investing using the DCA method without waiting for further declines have a lot of success in their investment when Bitcoin reaches $42,666. So it is better to buy slowly using DCA method instead of waiting for the market to go down a lot.

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January 28, 2024, 06:19:21 AM
 #114

If you think that bitcoin will go up, don't do it otherwise don't do it because the market moment will always be like this. Every time a price drop is followed by a recovery and it will always happen again. If your coin has poor defense it will take a very long time to recover but not for BTC. The proof was that yesterday you could see it. Smiley
This is a good metric, don't do it unless it follows your principle but there are times that you've got to break that principle as you see fit because you're better off buying now if the possibility that bitcoin is going to go up is high than stick to it and regret that you didn't buy at the price that you thought wasn't a good time to buy and then it never got back to that again. DCA would still be the best thing to do, slow accumulation of bitcoin is better than waiting and not investing anything at all so make some good decisions because just looking at the price and deciding not to buy is the worst thing to do.
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January 28, 2024, 10:05:17 AM
 #115

Yeah. A good opportunity to DCA and increase your holdings.
There are people praying that it touches $10k, and are actually waiting for that price, but I don't think they will ever see it again. Maybe $38k, $37k, but for $10k, I don't see that happening.

Prices will increase as time goes by, will there be another big correction with the numbers you mentioned of course we can't be sure whether this will happen again but what is clear is that keep collecting while the market still provides lots of opportunities, even though at the moment it looks expensive but in the future the price will looks very cheap if BTC reaches a figure above its ATH again.

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January 28, 2024, 10:51:46 AM
 #116

Well timing the crypto market can be tricky. It took me long to actually actually grasp it haha If you're in it for the long haul and believe in Bitcoin's potential, focus on your overall strategy rather than short-term dips. Rumors can cause panic so stay informed but consider the bigger picture before making moves

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January 28, 2024, 12:34:05 PM
 #117

Some here were talking about rumours of BTC being purchased from Saudi Arabia, but well, that's just a rumour.
But people tend to panic and sell, so this might be the best moment to buy as much btc as possible. What do you think?
There is nothing to worry about when investing in Bitcoin. Falling prices are not a problem, because they can easily change to higher prices. It just depends on our financial condition. If we invest with money that is meant to be saved, of course we will relax when we see price changes.
There are always rumors every year. However, the rumors must have come from people who have high financial capabilities. So they were able to turn the rumors into reality.
For those who have had a lot of experience from the investments they made, of course they no longer have to worry when they see a decline in the price of Bitcoin, because they will hold it and not sell it at a loss and will wait when the price recovers to be able to make a profit from the investment they made.
What you say is true, if we have savings to invest we will certainly be able to hold them until we make a profit from the investment, those who have the financial ability will of course be free to create rumors as they please and we also have to be very careful with the rumors circulating.
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January 28, 2024, 01:35:14 PM
 #118

As you might know, the price of bitcoin reached its lower point since last month.

Should those who want to buy more do it now or do you believe we'll see the bitcoin price get down a little more?

Some here were talking about rumours of BTC being purchased from Saudi Arabia, but well, that's just a rumour.
But people tend to panic and sell, so this might be the best moment to buy as much btc as possible. What do you think?

Whenever you have the money, just buy Bitcoin. If you want to invest a bigger amount then you have to wait for the right moment.
Although it is difficult to predict the market trends, I am of the opinion that the BTC price after this recent rally will dip toward $35k or lower in the coming weeks. So, wait for some time and buy lower. If you accumulate BTC now, after 10 years you will be very rich.
Do your research before making any investment decision.
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January 28, 2024, 01:50:19 PM
 #119

As you might know, the price of bitcoin reached its lower point since last month.

Should those who want to buy more do it now or do you believe we'll see the bitcoin price get down a little more?

Some here were talking about rumours of BTC being purchased from Saudi Arabia, but well, that's just a rumour.
But people tend to panic and sell, so this might be the best moment to buy as much btc as possible. What do you think?

Given people's chances of deciding when you should buy Bitcoin now or later, it's tricky because nobody can tell for sure what will happen to its price in the future. People might give their opinions, but it's like trying to guess the weather; nobody knows for certain. and you may even be confused by their opinion; you may not know which one to follow, but the best way is to do your own research to avoid going in the wrong direction.

If you are a newbie and cannot do your own research, I think the best method of accumulating bitcoin is using the DCA method.One strategy you can consider is Dollar Cost Averaging (DCA). This involves consistently buying a fixed amount of Bitcoin at regular intervals, like weekly or monthly. By doing this, you accumulate Bitcoin over time without worrying too much about trying to time the market perfectly. It's a methodical way of building your Bitcoin holdings, reducing the impact of short-term price fluctuations. DCA provides a more steady and disciplined approach to investing in Bitcoin, allowing you to focus on the long-term potential rather than getting caught up in short-term predictions.

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January 28, 2024, 02:13:30 PM
 #120

I would not say now is the best time to buy bitcoin because its price is slowly going up high. But if you want to ride with the hype when bitcoin halving comes, then invest early as today so you won’t miss another bitcoin opportunity. Just use DCA in buying gradually a portion of bitcoin so you won’t take the burden of spending a big amount of capital. Still, the most important thing is learn to manage the bitcoin risks so you won’t see yourself backing out or worst quitting from your bitcoin investment by selling it lower than the position you bought it first.


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