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Author Topic: Buy bitcoin now?  (Read 1191 times)
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February 07, 2024, 09:09:58 AM
 #21

Do you think it is convenient to buy bitcoin now according to your predictions? Or wait for its value to drop further?
You also won't be right to predict the price of bitcoin prices to go down, we never know how corrected the price of bitcoin is so this will be difficult to predict even if you are the forecaster.

So it's easier to buy now at $43,000 because we know this price is still quite relatively low even though it has risen above 150% since last year but would you think after halving bitcoin would be bullish? Think about it.

Never delay your purchase in bitcoin because if the price goes up then you will be disappointed, or do DCA because this is a good strategy where you buy bitcoin at an average price.

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February 07, 2024, 03:34:09 PM
 #22

Quote from: Balto77
Do you think it is convenient to buy bitcoin now according to your predictions? Or wait for its value to drop further?
If you have the money in your account right now i will advise you to buy with any amount of money you have because, those investors that bought last year and this year are still hodling their BTC in their wallets waiting for the bull run to come before they can release them for sale.

 If you want to wait for the price to decrease more before you can buy from the market, I think you will going to miss the opportunity this season because it look like we are about to roll into the bull run that will last till next year because the green light has started displaying in the market.

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February 07, 2024, 03:35:20 PM
 #23

You can now invest in Bitcoin. If you can hold on to it for long, you should buy now. Because if you wait for its price to go down, if it goes up later, you won't be able to make much profit. So you should invest what you want to invest now and start holding regularly using DCA method from then on. You can benefit more from it.

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February 07, 2024, 03:43:02 PM
 #24

Do you think it is convenient to buy bitcoin now according to your predictions? Or wait for its value to drop further?
I do not recommend buying bitcoin under compulsion because I see it as a bad habit that might lead to loss. Anyone that is not systematic about buying bitcoin might run into troubles when the price do not rise rapidly as they would expect it. Before considering to buy Bitcoin, you must first define your objectives: are you buying to sell after halving? Are you buying to hold for long? Do you have some reserve funds for your needs or are you buying with all you've got? These are important questions to ask and they answers will determine your approach.

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February 07, 2024, 05:57:54 PM
 #25

Do you think it is convenient to buy bitcoin now according to your predictions? Or wait for its value to drop further?

If you wait more than this, then you will make the biggest regret type decision for this. Bitcoins are very valuable coins. If you wait for more and greed for more profits, then you might miss the golden opportunity to buy the coin for cheap. If you are able to buy Bitcoins below 45k USD, then consider yourself lucky. Bitcoins will soon reach the sky after the halving. So it’s better to have it in your hands before the price actually goes up. Don’t wait for more and buy the coins ASAP.

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February 07, 2024, 07:16:22 PM
 #26

Do you think it is convenient to buy bitcoin now according to your predictions? Or wait for its value to drop further?
I think till now bitcoin price is reasonable. In future Bitcon price where will go we cannot imagine. Because recently we saw Bitcoin ETF approved and near future Bitcoin halving will happen. Many good news for Bitcoin coming day by day and now bitcoin is huge popular. It’s usability increasing day by day. And many big big investor coming and investing on bitcoin. So it price will increase there has no doubt. So i think now time for investment on bitcoin. If anyone invest on bitcoin now he will be profited there has no doubt.

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February 07, 2024, 07:30:15 PM
 #27

Buying bitcoin is easy the difficult thing is to predict the price according to what we want to buy so one of the best ways to buy bitcoin is by DCA you can buy all the time when the price is going down or up but for me this strategy is still quite efficient many people use it.

Never wait for the uncertain because we never know when bitcoin will go down, right? Better buy now before you miss the train where the price of bitcoin will go higher.
Now many say we are going to a bullish moment because the price will soon arrive so indirectly the price of bitcoin will begin to recover.

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February 07, 2024, 08:07:49 PM
 #28

Do you think it is convenient to buy bitcoin now according to your predictions? Or wait for its value to drop further?

Buy now, save some of your budget and do as much DCA as you can. If you have $10,000 today, you can buy bitcoin from 50% of your budget and make another 10 purchases assuming $500 each month. Regardless of whether the price drops or not, you will accumulate bitcoin and will probably get a commensurate return for it when the next bull run arrives. I'm not suggesting you buy all at once, but if you do then it's a decision that should be in line with your plans.

One thing you need to consider: do not ask users for advice if you already have plans to invest. You shouldn't ruin your big plans just because of other users' investment advice, which means you should follow your instincts and analysis and make wise decisions.

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February 07, 2024, 08:22:12 PM
 #29

Buying bitcoin is easy the difficult thing is to predict the price according to what we want to buy so one of the best ways to buy bitcoin is by DCA you can buy all the time when the price is going down or up but for me this strategy is still quite efficient many people use it.
If you are going long term, then everything will be easy, I mean just buy as much as you can, whether DCA or any strategy that fits you. Of course, DCA is the best strategy, but there could be someone who are just buying in bulk every time there is a dip and I think it's also good.

Never wait for the uncertain because we never know when bitcoin will go down, right? Better buy now before you miss the train where the price of bitcoin will go higher.
Now many say we are going to a bullish moment because the price will soon arrive so indirectly the price of bitcoin will begin to recover.
True, and if we look at Bitcoin's past history, you can see that there is no right or wrong time to buy, sooner or later you will make profits. It's just base on our mentality and our toughness on how long can we hold before selling. That is the most important part in my opinion, saving is easy, HODLing on it is another thing. Overcoming the temptation to sell assets requires discipline, patience, and a long-term perspective specially in Bitcoin market. But if we master HODLing attitude and resist the urge to sell based on short-term fluctuations or emotional reactions, but it's going to be worth when you sell them at the bull run and get X amount of profits.

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February 07, 2024, 08:37:18 PM
 #30

Buying bitcoin is easy the difficult thing is to predict the price according to what we want to buy so one of the best ways to buy bitcoin is by DCA you can buy all the time when the price is going down or up but for me this strategy is still quite efficient many people use it.
It doesn't really matter whether it's bought now or later - it's just that OP needs to think about what her goals for investing are. DCA can certainly be considered an efficient strategy - but if OP would rather do it all at once, then that's fine with me too.

Meanwhile - I expect it to do analysis instead of relying on other users' advice and earnings and predictions. He must be able to manage his finances and invest them wisely - but of course he must be more active in finding the best time to make an entry.

Never wait for the uncertain because we never know when bitcoin will go down, right? Better buy now before you miss the train where the price of bitcoin will go higher.
Now many say we are going to a bullish moment because the price will soon arrive so indirectly the price of bitcoin will begin to recover.
Volatility is a certain thing – but we never know the price range, let alone what the price will be in the future. Buying now is great - but buying later isn't a big deal either.

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February 07, 2024, 09:21:28 PM
 #31

Do you think it is convenient to buy bitcoin now according to your predictions? Or wait for its value to drop further?
to invest now is good but the thing is that many think that if they purchase bitcoin now maybe the price of bitcoin will fall, so I believe that bitcoin price will definitely fail again, but the reality is that Bitcoin price is unpredictable and its normal for we to invest without fear or buy bitcoin without fear its fear that makes so many of us  lose opportunity very well because been afraid of bitcoin price,  so I don't encourage people that their is a specific time someone can invest in bitcoin that's the best time for investment, right now bitcoin you can buy it and keep it for long time.

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February 07, 2024, 09:26:33 PM
 #32

Do you think it is convenient to buy bitcoin now according to your predictions? Or wait for its value to drop further?
Before you are asking other people, I want to know know what is your target to buy Bitcoin? Do you expect to buy at a certain rate?
If you target to sell the Bitcoin at its ATH, you can buy Bitcoin now. You must be aware the current ATH is around $69k, it is still quite far from the current price. If we analyze every bullrun season, the price of Bitcoin must have a new ATH, it means higher than the current ATH. So, it is quite safe to buy Bitcoin now because the price will raise significantly.

I don't know if there will be another huge dump. But I think it is quite safe to buy Bitcoin around $42k - $43k. I'm not sure if Bitcoin may drop again below $40k because it seems to try passing again $45k in the near future.


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February 08, 2024, 01:09:51 AM
 #33

While Bitcoin could go down from its price right now, I believe the general direction is upward. And so if you are buying with the intention of keeping it for a long time, buying right now is advisable. But if you are looking at hourly, daily, or monthly price changes, I cannot say with confidence that buying now is the best time. Correction happens all the time. Bitcoin is volatile. So the price is fluctuating a lot in short terms. But the long term tendency is always going up.
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February 08, 2024, 01:28:03 AM
 #34

Do you think it is convenient to buy bitcoin now according to your predictions? Or wait for its value to drop further?
The price pumps already but it's still far from its peak.
Too risky to buy now because of the possible big drop and no one can tell if this is going to happen or not.
The best strategy right now is to do dollar cost averaging, and in the long run this can be profitable as well. Buy some now, and buy more if the price dumps again, also play long.

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February 08, 2024, 08:58:27 AM
 #35

As what the others have already said, use DCA to slowly get into the bitcoin market, no need to be asking too much and then end up not investing on it at the end of the day, also it would help that you have a price goal where you will buy a lot bitcoins, it's the same thing with goal on selling price, it's just the opposite of it. Bitcoin will always be worth it because it will go up no matter what happens and when it does, you're going to regret not buying when it was at this price range, so either choose regret for a lifetime or a temporary pain of seeing your total bitcoin net worth go down due to the volatility of the market.



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February 08, 2024, 12:43:52 PM
 #36

While Bitcoin could go down from its price right now, I believe the general direction is upward. And so if you are buying with the intention of keeping it for a long time, buying right now is advisable. But if you are looking at hourly, daily, or monthly price changes, I cannot say with confidence that buying now is the best time. Correction happens all the time. Bitcoin is volatile. So the price is fluctuating a lot in short terms. But the long term tendency is always going up.
indeed for now we can still buy some bitcoin because the price increase is still not at the new ATH, but don't wait too long because many predict that bitcoin will soon be at the top this year, even though currently the price is not yet stable but there is still hope for invest in bitcoin, and save it for the long term, I'm sure we will definitely get profits.

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February 08, 2024, 01:12:19 PM
 #37


Investing in Bitcoin is the most important investment you will make at all times last year, yesterday, today, tomorrow and next year because it is a 100% profitable project and its value will continue to rise even more.
If you have the means and the amount of money you want to invest, I advise you to start now. Of course, you will not get profits like the person who invested in 2010 or in 2017, but to be late is better than feeling regret and sorry.

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●          Mars, here we come!          ●
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February 08, 2024, 01:48:06 PM
 #38

The best financial decision is your own decision, not other people, self proclaimed financial advisor, forum members, economist etc.

So if you think it's not yet to invest in Bitcoin, just don't invest, why forcing yourself to invest in Bitcoin? if you're in doubt, it means you're not yet fully understand about Bitcoin. It's better to wait and learn more, then invest than forcing yourself to invest in Bitcoin without any knowledges.

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February 08, 2024, 03:01:18 PM
 #39

The best financial decision is your own decision, not other people, self proclaimed financial advisor, forum members, economist etc.

So if you think it's not yet to invest in Bitcoin, just don't invest, why forcing yourself to invest in Bitcoin? if you're in doubt, it means you're not yet fully understand about Bitcoin. It's better to wait and learn more, then invest than forcing yourself to invest in Bitcoin without any knowledges.
I agree with you, Like what Warren Buffet said "don't invest in what you don't know" it is a mature thought as an investor to understand the unknown risks.

It is better to wait and study bitcoin first before deciding to invest and I also emphasize that investment decisions should not be based on what others say but investment decision making should be based on what you understand both in risk and about the assets in which you invest OP. But listening to others to start at the first time is not always bad, while you want to learn more in the future to understand more while you invest, the sensation may be much more interesting.

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February 08, 2024, 06:00:52 PM
 #40

Volatility is a certain thing – but we never know the price range, let alone what the price will be in the future. Buying now is great - but buying later isn't a big deal either.
It can only predict about the price, but it will help a little if we do it with technical analysis in use, but for accuracy it is not certain to be right.

It is better to buy now do not delay to enter if you believe in bitcoin investment because when the price is high you will start to feel heavy because the price is high and indeed this is not a problem but the desire to buy low prices is that many people want.

Maybe we never know if it's still low or high now? My own view is clearly this is still low because it is still far from the previous ATH that is my own benchmark.

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