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Author Topic: Buy bitcoin now?  (Read 1442 times)
Odusko
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March 21, 2024, 11:29:44 PM
 #141

Use DCA strategy. It means instead to buy all at ones, you can be buyin in small amount every week. If the price of bitcoin fall between $30000 to $35000, buy the remaining at ones. If the price of bitcoin do not fall to such price and it is getting to halving, like a week or two weeks to halving, then buy the remaining at ones at the time.
DCA formula have so many aspects and approach to it and for that buying small small portions also comes with it own risk, sometimes when you want to DCA, and you buy a small portion at first, in the next minute the market may move against your expectations, although since you didn't go in at once you still be at advantage on not under any form of tension to take any action most especially when the price decline further than your bought price and vis visal.
Bitcoin is a game of luck and chance's but the earlier and cheaper we get in the better for us as small investors because what determines the level of confidence and gains in the future is the entry price when it low entry price then you are in a good position.

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March 22, 2024, 06:20:12 AM
 #142

Do you think it is convenient to buy bitcoin now according to your predictions? Or wait for its value to drop further?
your post is really in timing if we only considered buying because that time the price is still
low comparing to what is the value now, if people and even you followed your instinct then you
are 60-80% in profit now.never that I predicted this to come and now I am happy because
of made money in this cycle.

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March 23, 2024, 09:41:24 AM
 #143

Quote
Therefore, whether the decision to invest in Bitcoin is wise or not really depends on the timing and individual investment strategy.
Regardless of your investment strategy I think investing in Bitcoin is the best decision for any investor. If an investor invests in Bitcoin without following his proper investment strategy, he will lose much less if he invests in Bitcoin than if he invests in other coins. Investing in Bitcoin must be done for the long term.
One important thing that is needed in investing in Bitcoin is careful planning so that we don't make the wrong decision. You can't just use a simple plan or strategy and not pay attention to the long term. If you want to be successful in investing in Bitcoin, you have to pay close attention to your plan, no matter how small, so that it can be used as a lesson or goal. Apart from that, you also have to put aside unfavorable factors such as emotions and others because this can have a quite big impact on investment.
Yes, if you do not look at the long term or keep your strategy going then the most likely outcome would be losing all your money. I know that it is going to be tough a bit, but with time we are going to get a lot better as well. I know that people are wondering what's going to be the case here, and wonder how we could maybe make some return, but the reality is that we are not going to really have anything better to do that quickly, we should just forget about it and move on.

I know that life isn't all sun shines and rainbows for the people everywhere, but we could definitely make it work if we know what we are doing. I personally believe that the best way to move forward would be just keeping all our money intact with our strategy.

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March 23, 2024, 01:21:16 PM
 #144

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 a long term plan to invest then always buy without waiting for your prices to drop and always use DCA for that. If one starts investing in Bitcoin using the DCA method then he does not have to wait for the price to drop as he can buy at any moment according to his ability be it weekly or monthly. To invest in DCA method we have to plan well so that if we invest in this method we have to keep our investment in mind. Invest in DCA method with patience and try to hold for long time. By investing in this method, your investment will grow over time.

Quote
Therefore, whether the decision to invest in Bitcoin is wise or not really depends on the timing and individual investment strategy.
Regardless of your investment strategy I think investing in Bitcoin is the best decision for any investor. If an investor invests in Bitcoin without following his proper investment strategy, he will lose much less if he invests in Bitcoin than if he invests in other coins. Investing in Bitcoin must be done for the long term.
One important thing that is needed in investing in Bitcoin is careful planning so that we don't make the wrong decision. You can't just use a simple plan or strategy and not pay attention to the long term. If you want to be successful in investing in Bitcoin, you have to pay close attention to your plan, no matter how small, so that it can be used as a lesson or goal. Apart from that, you also have to put aside unfavorable factors such as emotions and others because this can have a quite big impact on investment.
Yes to invest in bitcoin we all must start investing according to proper plan. I don't know what you mean by wrong decision but I don't think investing in Bitcoin can be a wrong decision for anyone. If someone has little idea about investment and if he plans to invest in Bitcoin for long term I think his decision is right. But one thing is that if someone trades or invests, he has to do it according to a specific goal, so he has to pay close attention to that investment or trade.

R


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March 23, 2024, 05:40:23 PM
 #145

Do you think it is convenient to buy bitcoin now according to your predictions? Or wait for its value to drop further?
Yes ... It's time to buy Bitcoin because price ATH already broken and now pumping up and down. Maybe price going into the correction. Once again bull run ready.
how sure are you that after correction bull will come again ? because i believe that we have multiple ATH this month so how much are we able to listen to this idea that bull will once gain coming?
but now since there is a dumping that would be hard to decide which and why we need to buy mo
One shouldn't buy blindly, it is not wise to do something recklessly just because you have heard people saying positive things about it, it is better to evaluate the situation, see how the market is doing, and what the reaction of most investors towards the price movements of certain cryptocurrencies, and then make your decision. If you do all that, you will reduce the risks of buying at the wrong time.

Talking about the bull run after the correction, I think it is pretty clear and we all know how a whole cycle of Bitcoin and the market works, we usually have the bull run after the halving event but this time around, we have seen a new all-time high before the halving, however, we still expect a bull run after the halving.

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March 23, 2024, 11:58:47 PM
 #146

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

When is the right time to buy Bitcoin?  Because buying Bitcoin will depend only on you which will be the real place if you hold it for a long time. If you are holding bitcoins for a short period of time then you need to buy bitcoins according to the market conditions. So buying and selling bitcoins will totally depend on your holding of bitcoins, holding until 2025 should definitely buy bitcoins at present according to the situation.

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March 24, 2024, 05:28:24 AM
 #147

Well  Michael Saylor and MicroStrategy did do it again. Now last week the company did buy another 9,245 Bitcoin worth $623 Million.
And it now hodls total of  214,246 Bitcoin. For me it is a very 'bullish' when the company does keep on stacking more sats like that.
https://www.thestreet.com/crypto/markets/microstrategy-holds-1-percent-of-all-bitcoin-after-623-million-buy

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March 24, 2024, 05:31:07 PM
 #148

Do you think it is convenient to buy bitcoin now according to your predictions? Or wait for its value to drop further?
Bitcoin is one of the most volatile cryptocurrency at any time the coin can experience increase and decrease it's value. There are many people who buy bitcoins of this volatility and then sell them after reaching a slightly higher price according to their opportunity. There are also many who wait a long time for the price to move back to their expected level. But what I think as a Bitcoin investor is that Bitcoin has become a valuable asset based on potential and will continue to increase in value in the future. If one invests in Bitcoin with an eye on potential, I would say that Bitcoin is still in a buy position at whatever price it is. Maybe if you wait you can get bitcoins at a lower price but if it is bullish then maybe the buying ability may lost.

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March 25, 2024, 05:46:28 AM
 #149

Currently the price of Bitcoin is very high, but it's probably not too late to buy because the halving hasn't started yet. Most people are hesitant to buy because in the last few days the price of Bitcoin has fallen drastically and think the bullish streak is over and it's time to enter a bearish phase. personally I believe that the price of bitcoin will recover and will reach a much higher point than before. but I wouldn't recommend anyone to buy at this time.

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March 25, 2024, 04:58:09 PM
 #150

Do you think it is convenient to buy bitcoin now according to your predictions? Or wait for its value to drop further?
Bitcoin is one of the most volatile cryptocurrency at any time the coin can experience increase and decrease it's value. There are many people who buy bitcoins of this volatility and then sell them after reaching a slightly higher price according to their opportunity. There are also many who wait a long time for the price to move back to their expected level. But what I think as a Bitcoin investor is that Bitcoin has become a valuable asset based on potential and will continue to increase in value in the future. If one invests in Bitcoin with an eye on potential, I would say that Bitcoin is still in a buy position at whatever price it is. Maybe if you wait you can get bitcoins at a lower price but if it is bullish then maybe the buying ability may lost.
Each person collects Bitcoin using a method that they think suits their abilities and will also be profitable for them in holding Bitcoin. There are some people who buy Bitcoin at a certain price and when they have made a small profit they sell it again and take the profit they have made and There are also those who buy in stages and hold for a long period of time to be able to look forward to profits when prices increase.

You are right, for those who know very well the potential of Bitcoin of course they will continue to buy at whatever price they are to invest in their future and we cannot know for sure when the price will decline so that they can collect large amounts and there will be more It's good to keep buying whenever we can for future investment.

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March 25, 2024, 08:55:21 PM
 #151

Do you think it is convenient to buy bitcoin now according to your predictions? Or wait for its value to drop further?
As an investor. A Bitcoin investor. Supposing that you're a holder. I don't think you have to wait for dips before you accumulate coins, that would mean you are timing the market, and timing the market is a thing for traders to do. Holding doesn't  have it necessary to time the market, most people who end up panicking at dips are timing the market, keeping an eagle's eye on it. Dips shouldn't be the only time you buy Bitcoin. When you buy at a certain dip, and then, there's a further dip in the market, you tend to panic. I think, wherever you meet the market, you buy your bitcoins,  and from the tone of your question, this is an average person's case study, so, I'll say, you just DCA and keep buying, whenever you meet dips, nice, you have a little more you can accumulate. It shouldn't be your singular purchasing time.
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March 31, 2024, 04:41:22 AM
 #152

Do you think it is convenient to buy bitcoin now according to your predictions? Or wait for its value to drop further?
As an investor. A Bitcoin investor. Supposing that you're a holder. I don't think you have to wait for dips before you accumulate coins, that would mean you are timing the market, and timing the market is a thing for traders to do. Holding doesn't  have it necessary to time the market, most people who end up panicking at dips are timing the market, keeping an eagle's eye on it. Dips shouldn't be the only time you buy Bitcoin. When you buy at a certain dip, and then, there's a further dip in the market, you tend to panic. I think, wherever you meet the market, you buy your bitcoins,  and from the tone of your question, this is an average person's case study, so, I'll say, you just DCA and keep buying, whenever you meet dips, nice, you have a little more you can accumulate. It shouldn't be your singular purchasing time.

If you intend to hold Bitcoin, you will be ready to increase your investment at any time. Because your holdings will depend on when you should invest. Whenever you invest for long term you can participate in your investment at any time by following DCA method. But whenever you hold for a short period of time you have to buy bitcoins from the deep market. And when the right time comes you have to sell this hold to reap the profit. But I would suggest you to definitely participate in long term holdings the benefits will be more if very less.

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March 31, 2024, 09:55:36 AM
 #153

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

When is the right time to buy Bitcoin?  Because buying Bitcoin will depend only on you which will be the real place if you hold it for a long time.

When the price of Bitcoin falls in the cryptocurrency market, we think that now is the best time to buy Bitcoin. I also think that we should buy bitcoin when the price of bitcoin is low because since then it will give us good returns if we buy bitcoin and hold it for a long time. We all need to have our own investment plan to invest in Bitcoin. We have to buy bitcoins at a certain point according to that plan and sell bitcoins at a certain time when we see that we have reached the goal.

Quote
If you are holding bitcoins for a short period of time then you need to buy bitcoins according to the market conditions. So buying and selling bitcoins will totally depend on your holding of bitcoins, holding until 2025 should definitely buy bitcoins at present according to the situation.
Whether you buy bitcoins for short term or long term, you should buy bitcoins according to market conditions. To invest in Bitcoin in a short period of time you need to buy a lot of Bitcoins at once because it is not possible to make good profits in a short period with a small amount of Bitcoins. Even if you have long-term plans to invest in Bitcoin, you can buy small amounts at your convenience. One of the objectives of investing in Bitcoin is to hold it for the long term. No matter how many investors you see who invest in Bitcoin they have a roadmap or plan to invest in Bitcoin for the long term.

R


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April 08, 2024, 06:24:37 PM
 #154

With the current price over some days now, I'm not convenient to come close to the market to buy BTC because the price is too high for me to use the money I have to buy and hodl for future purpose but if the price can dump to $40k or $45k before the end of this month i will buy huge amount of BTC because i have saved huge amount of money to buy BTC when bear occur.

 If you buy now and the price later fall down to $40k, it will make you feel bad about your decision because many people know that the price will surely dump soon to let those who are ready to buy and hodl for short and long term to use the period. There are some of my frienng who are buying BTC in this high price because they believe that the price will continue rising till it reach $80k before they can sell to make profit and wait for another bear run to come.


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April 09, 2024, 02:50:24 AM
 #155

With the current price over some days now, I'm not convenient to come close to the market to buy BTC because the price is too high for me to use the money I have to buy and hodl for future purpose but if the price can dump to $40k or $45k before the end of this month i will buy huge amount of BTC because i have saved huge amount of money to buy BTC when bear occur.

 If you buy now and the price later fall down to $40k, it will make you feel bad about your decision because many people know that the price will surely dump soon to let those who are ready to buy and hodl for short and long term to use the period. There are some of my frienng who are buying BTC in this high price because they believe that the price will continue rising till it reach $80k before they can sell to make profit and wait for another bear run to come.



Most persons are expecting price to dump before they buy again. I believe that's based on individual decision, for those who are looking to invest in a long run it won't matter whether the price at which they bought. Because we know surely bitcoin would keep increasing in price.
The best method is having plan and sticking to it, this is your path way that guides you and makes you approach the market the right way based on your decision.

The sole reason most persons get confused is as a result of "No investment Plan" , so they don't know when to buy, why they should buy or sell, when to sell part of there holdings and all that, they ride when they feel like or when the trend says so.

Cheers to everyone who is waiting and also to everyone who is buying, remember patience makes it all,act based on your decision and not the trend.

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April 09, 2024, 04:22:00 PM
 #156

If you intend to hold Bitcoin, you will be ready to increase your investment at any time. Because your holdings will depend on when you should invest. Whenever you invest for long term you can participate in your investment at any time by following DCA method. But whenever you hold for a short period of time you have to buy bitcoins from the deep market. And when the right time comes you have to sell this hold to reap the profit. But I would suggest you to definitely participate in long term holdings the benefits will be more if very less.
Having a Bitcoin investment will certainly be able to prepare for a better future because we can see very good developments at the moment. Every Bitcoin we collect will be able to benefit if we understand well how to collect it, if we use the DCA method in collecting Bitcoin of course we will hold for a long period of time to get profits from the investments we make and we can collect according to the plan we have set and do it consistently. Of course this will be able to prepare for a better future and it will indeed be better for us to hold Bitcoin in the long term to achieve the targets we invest in.
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April 10, 2024, 03:45:49 AM
 #157

You can buy bitcoin anytime with accumulated money if long term investment.  Because it increases through the Bitcoin halving cycle every four years, so if you buy Bitcoin from the right place and hold it for a long time, you will definitely benefit from it.  The only paying and successful method of obtaining benefits is the long-term holding method.  And for those who don't like this method and don't have accumulated money then surely you can follow DCA method for long term investment.

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April 10, 2024, 04:46:08 AM
 #158

You can buy bitcoin anytime with accumulated money if long term investment.  Because it increases through the Bitcoin halving cycle every four years, so if you buy Bitcoin from the right place and hold it for a long time, you will definitely benefit from it.  The only paying and successful method of obtaining benefits is the long-term holding method.  And for those who don't like this method and don't have accumulated money then surely you can follow DCA method for long term investment.
It's not just the Bitcoin halving cycle that happens every four years that increases the price of Bitcoin. In addition to halving, the price of Bitcoin may increase. But when bitcoin halving is organized then bullish or bull run starts in the market which results in higher price of bitcoin. But we should decide the right price to invest in Bitcoin and then invest so that we can see the profit from it.
If you have a lot of money then you can buy a lot of bitcoins for short term investment and also if you choose DCA for investment then you have to be patient to hold it for a long time. Because the main objective of investing in DCA method is to hold it for a long period of time until you get the desired results.

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April 10, 2024, 06:26:48 AM
 #159

You can buy bitcoin anytime with accumulated money if long term investment.  Because it increases through the Bitcoin halving cycle every four years, so if you buy Bitcoin from the right place and hold it for a long time, you will definitely benefit from it.  The only paying and successful method of obtaining benefits is the long-term holding method.  And for those who don't like this method and don't have accumulated money then surely you can follow DCA method for long term investment.

Not a bad idea, this is what most hodlers are actually following though, because it's less risky and the profit are almost guaranteed base on the historical records of bitcoin, you just need to be patient and don't get too worried when bitcoin will experience a sharp decline.
However, I wouldn't want to agree that the only paying and successful method in getting a good profit is only by long term hodling? Nah, I don't entirely believe that, otherwise you would not see traders and people who are shorting bitcoin, selling at some point during the bullrun and then buy back when there is a significant decline in bitcoin price. If this method is not something where there are actually people are successful in it, It shouldn't remain a good way to earn profit until now. Though the only difference is that, holding bitcoin bears almost no risks of losing compared to trading short and mid-term.
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April 10, 2024, 11:28:34 PM
 #160

Another day another recovery above the weekly average and old ATH.  It is positive and I cant say buying now would be wrong at all when so many timeframes for BTC are in the right place.    We do not yet know if this current price action in BTC resolves positively, its sliding back and forth and could end up either way.

On balance even if you bought now and it failed to catch an immediate bid upwards to prices higher in 70k and beyond that is still not a negative.  The easiest thing to do is spread your investment, so you are unsure today and could at least split your buy into halves or even quarters or less and go today and again a week or month from now etc.

  Regardless of the price this would still be a good decision and justified plus are you not losing so much on average even if future buys are at a higher price, the main thing is to be involved dont get caught up hesitating over maybes because truth is there is never an absolute certainty on any price in any asset market.

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