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Author Topic: Best time to buy BTC NOW?  (Read 2456 times)
EarnOnVictor
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January 26, 2024, 06:36:36 AM
Last edit: January 26, 2024, 08:06:52 AM by EarnOnVictor
 #41

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?
This is not just the right time to buy Bitcoin if I were you, there is FUD in the market, so you might want to be patient before making such a decision. Perhaps, of course, you want to DCA, that is a good approach for those who want to start committing their money to the market immediately, so it is regardless of whether the market is buying or selling or at a high or low level, the DCA style of investment will always prevail. So long as the asset is such that has a good prospect in the future, one will still be in profit, it is only a matter of time. But I would like to caution you that you should stop listening to what people say most times, even news reading and interpretation, they often mislead traders/investors, and if you must know anything at all, you have to know how to read your Bitcoin chart accurately, it will go along way to help you.

The market will always attract buyers and sellers whether it is from Saudi Arabia or America, it doesn't matter. What matters is the reaction on the market itself which will be revealed on the trading chart itself. That is where you can make the best decisions afterwards and not through what you can't ascertain or that will not even make the market move significantly. Finally, I advise you to resume the buy when the bullish pattern is reactivated in the market, it will go a long way to help you.

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January 26, 2024, 06:37:47 AM
 #42

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?
The price is now back above $40,000, a good entry point would have been exactly one year ago, in January 2023, when the price was $16,500. But these are 12 views, if you want to hold your bitcoin for a long time, then it is not wrong to buy bitcoin now. If you want to speculate in the short term, you can also do that with altcoins. You should hold Bitcoin and be well prepared for the coming years. So dont sell at drops, thats a very long-term approach. And there will always be positive and negative rumors, so I wouldnt just buy bitcoin because of the rumors from Saudi Arabia.

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January 26, 2024, 06:48:31 AM
 #43

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?
looking for more lower price to buy again will lead you in making wrong decisions mate, instead
why not just buy now? since this is like what you said the lowest since last month and any moment now
the effect of bitcoin ETF may take place?

lets decide depending in our capacity , if you think there is enough funds to risk then why not
take it now but if you are having second thoughts then maybe try  in the other time.



Quote
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?
It is not Rumor instead that is possibilities and if that happened together with other big guys
buying then that would be the chance we are waiting seeing bitcoin climb more in the coming days.

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January 26, 2024, 07:02:33 AM
 #44

I wouldn't say that this is the best time to buy bitcoin but it sure is recommended to buy now because you never know if the price will suddenly go up again and never to touch the current bitcoin price but all things considered, do practice the DCA method when investing so you don't regret not buying a lot of bitcoins at the wrong time when the prices starts lowering again, no words of regret about how you should've waited a bit longer for the price to go down more to buy when you do DCA and at the same time, you can control how much you're putting into the market.



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January 26, 2024, 08:30:35 AM
 #45

As a rule, people who are waiting for a better price will either not buy at all or buy very expensively while watching the price begin to rise. The best solution would be regular purchases regardless of price, but this is used by those who are confident in Bitcoin. Beginners must decide that they are ready for all the rollercoasters that Bitcoin experiences and, after understanding, decide whether to buy or not.

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January 26, 2024, 09:48:23 AM
 #46


This is not just the right time to buy Bitcoin if I were you, there is FUD in the market, so you might want to be patient before making such a decision. Perhaps, of course, you want to DCA, that is a good approach for those who want to start committing their money to the market immediately, so it is regardless of whether the market is buying or selling or at a high or low level, the DCA style of investment will always prevail. So long as the asset is such that has a good prospect in the future, one will still be in profit, it is only a matter of time. But I would like to caution you that you should stop listening to what people say most times, even news reading and interpretation, they often mislead traders/investors, and if you must know anything at all, you have to know how to read your Bitcoin chart accurately, it will go along way to help you.

If now is not the right time to buy, when is the right time to buy bitcoin? What are the Fuds in the market and what is the guarantee that it will cause the market to fall further so that we have a better price to buy?
Bitcoin is unpredictable and DCA is the best method we have, you have admitted this but it is confusing that you advise the OP not to buy now.

The market will always attract buyers and sellers whether it is from Saudi Arabia or America, it doesn't matter. What matters is the reaction on the market itself which will be revealed on the trading chart itself. That is where you can make the best decisions afterwards and not through what you can't ascertain or that will not even make the market move significantly. Finally, I advise you to resume the buy when the bullish pattern is reactivated in the market, it will go a long way to help you.

When and what are the signs that a bullish pattern is triggered in the market? Do you have a crystal ball to know the future? In my opinion, this is the worst advice for investing in bitcoin, why start buying in a bull market?

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January 26, 2024, 10:01:22 AM
 #47

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?
Keep calm buy some. If you are going to wait, you might miss the opportunity so do the DCA to play it safe. Don't be fooled by other peoples advice that tell you to wait do your own research about the market trend. Just always remember that time is a valuable resource.


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January 26, 2024, 10:14:37 AM
 #48

Things to consider before investing in bitcoin. If new investors in the market they need to know about the market and then decide to invest. Most of the investors like to hold when the price goes down I would say maybe it is the right time for them. Bitcoin's price has gone down now and long term investment will yield good results. Going forward with faith and based on you can hold on to.

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peter0425
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January 26, 2024, 10:25:39 AM
 #49

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?
It is kicking up now and indeed that if we wanted to buy then this is the perfect timing because we may not see this one again mate because we noticed that after the hype last month and mid this month , bitcoin drops to 38k level that made many  shaken but I am not because i took the advantage in buying more while its cheap.









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BRINIRHA
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January 26, 2024, 11:02:14 AM
 #50

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?
Regarding Bitcoin, I am already optimistic that in the long term it has good upside potential. So no matter what news there is in the media, the news becomes fud about bitcoin which makes people panic sell. I didn't pay much attention to that. I only pay attention when the price is corrected then that's when I have to accumulate again. Because I reduced the accumulation when BTC entered 40k price. And I started accumulating more again when BTC corrected to 39 and 38 yesterday. But for traders it is very important to always pay attention to the news because traders rely on short-term market fluctuations. And it cannot be denied that the impact of news can be felt in the crypto market. So traders can make good use of it. But for long-term investors we only need to re-accumulate when prices are corrected.

I read the news perhaps only for necessity if I intend to trade in my spare time. So I will first research more news and look at market sentiment. And start to determine whether the market is in a bearish trend or a bullish trend in the short term. After that it became easy for me to determine whether I would be shorter or longer in future trading. For spots, I only buy when I see an event happening. Without it I avoid it.

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January 26, 2024, 11:13:48 AM
Merited by Out of mind (1)
 #51

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?
Now is the right time to buy Bitcoin as the effect of Gray-scale Bitcoin selling has hit the market which is why the market is down 15-20% even after the Bitcoin Spot ETF is approved. However, if grayscale bitcoins continue their selling streak in February, the market in bitcoin will fall further and it will still be a good time to buy bitcoins. Those who want to buy bitcoins now can buy partially and invest the remaining amount when the bitcoin market goes down a bit in February. But apparently this is expected to be the biggest Bitcoin market dumping event before the Bitcoin halving.

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January 26, 2024, 12:08:45 PM
 #52

Dont follow the rumours make seek the information at yourself we don't trust anymore with the hoax because those are just possible fake manipulations of the market, I recommend learning how to analyze the current situation of Bitcoin, the current news and update, even though you don't have good knowledge in trading at least you know the updates for possible market pressure of buy and sell, but if you have some time to analyze the market with the help if indicators and TA you don't need to ask anymore when is the right time to buy you can now buy and sell seems like you are looking for a long term holding. Invest to yourself too so you don't need to become dependent to other people with your money.

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coinerer
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January 26, 2024, 12:23:11 PM
 #53

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?
There is no record that the price of Bitcoin will always only go up. When Bitcoin starts to pump, there is a bit of a dump  which is seen now. So you must keep them in mind before investing and don't panic because it is temporary and will recover again in less time.  So you have to be patient this time. Then success can be achieved. Basically if you want to make good profit from Bitcoin you need to be patient and hold Bitcoin for a long time. But if you panic then it will not give you any good returns instead you will lose


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January 26, 2024, 01:11:59 PM
 #54

There is no time to wait let all those people that want to buy bitcoin buy now. Bitcoin halving in is coming and it is on the corner now and after the halving is the rising of bitcoin so if anyone is interested let him buy.
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January 26, 2024, 02:45:48 PM
Merited by Yamifoud (1)
 #55

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?
Indeed, we have given the chance again but can't urge doubtful people to invest, we just let them decide when they are ready. But for those who are missing the chance before the price reaches $40k, this would be, if not the perfect time but a good time to buy.

Whatever the reason for the current dump, it is good to have it but it doesn't really matter to prove it because the price of Bitcoin still looks like this even during the bull season. At least, the price remains high which we could still say the market is healthy despite the dump. Buy as much as you can as long as it don't go beyond your limit.

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January 26, 2024, 03:35:09 PM
 #56

Yes, the price of Bitcoin has fallen significantly since the beginning of the month. I think we should start investing in Bitcoin without comparing one month market movements. A bitcoin halving awaits us as we enter the year. Hopefully holding Bitcoin for a few months after the next halving will witness a huge bull run later. If you don't have much money then you can start investing in Bitcoin with DCA method. Definitely consider increasing your Bitcoin investment now in anticipation of good future returns.

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January 26, 2024, 04:43:21 PM
 #57

In my honest opinion, the scenario changes as we know that Bitcoin ETF has been approved so I advise if you want to buy Bitcoin at its current price you are not yet too late. well, buy some from the total of portfolio you have and fill your bag again when the market makes some corrections. If you keep thinking about when to buy when to buy then I am sure you will miss the opportunity and the market will never allow you to buy at this price well it depends on the near future like what trends the market will make. DYOR

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January 26, 2024, 04:57:39 PM
 #58

As you might know, the price of bitcoin reached its lower point since last month.
<snip>
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?
Those who sold yesterday when they return to visit the market, they will be surprised by the chart which has moved again towards $42k if when they see the price is still below $42k.

We think buying Bitcoin before the halving is still a very good thing to do. Why? because prices will usually experience bullishness at that time.
Panic selling is common for beginners who don't understand how the Bitcoin price market works. It would be good if they need to deepen their knowledge about the world of the crypto market and deepen how it works so that the panic selling attitude disappears.

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January 26, 2024, 05:04:58 PM
 #59

The price always seems to be increasing during December to January season in my own opinion, I think the newest all time high of Bitcoin will happen this year of 2024, so you got nothing to be panic about getting to buying bitcoin now because you'll be among those that will profit massively if you acquired a as much as you can.
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January 26, 2024, 05:17:30 PM
 #60

Yeah, dollar cost averaging into Bitcoin is usually solid advice.  It's a pretty safe plan, even with how up and down Bitcoin can be.  I mean sure, all the scary stories and bad press might make the price tank for a little bit.  but that stuff blows over before long. and  Actually when everyone's freaking out can be a prime time to scoop up some deals! Though I'd tell you, quit letting articles and peoples opinions mess with your head so much.  They can really steer traders the wrong way more often than not.

R


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LLBIT|
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