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Author Topic: Buy bitcoin now?  (Read 1595 times)
cryptoWODL
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June 15, 2024, 08:23:36 AM
 #201

But anytime you can buy bitcoins, it will largely depend on your holdings. Because if you hold long then you buy at current price will definitely profit because future bull market is waiting. And if you hold bitcoin for short days then of course you buy the dip and wait for it to dip. And when you get a small profit, you sell. But for me the best method is to hold bitcoin for long time you can choose DCA method and you can be successful.

To be honest, Bitcoin can be bought in its current state, and focus more on saving it in the long term, now Bitcoin is fluctuating very well, some investors may be inclined to keep buying and holding on for the next few years, and we think they are using the DCA method to increase their Bitcoin assets. , and this is a good method we think.

Yes of course the same coin coin is suitable for long term holding. But you can heat it for a long time using the DCA method. So the more you hot the more money you will own, it's just a simple matter because if you can hold you will get profit and if you don't hold you will have zero profit.  Investments should be made at one's own risk if one wants to reap the benefits.

You should have a long-term plan to invest in Bitcoin because if you hold it for a long time, your profit will be more. You mentioned DCA method if invest in this method then you are bound to hold it for long time. Investing in DCA method means investing in small amounts i.e. buying bitcoins with any amount according to your income source or ability.
We often hear that small parts add up to big things. Likewise, we invest in small fractions of Bitcoin using the DCA method to large our investments. We all have a tendency to buy bitcoins in the deep market and sell them at higher prices in hopes of making a profit. The Bitcoin market has been deep for the past few days, perhaps creating another opportunity for us to buy Bitcoin for investment.

Those who buy bitcoins for investment now may be able to profit from short-term investments within a few days. I probably saw it drop to $65k yesterday and see a slight increase from there to $66k today.

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June 15, 2024, 11:29:20 AM
 #202

But anytime you can buy bitcoins, it will largely depend on your holdings. Because if you hold long then you buy at current price will definitely profit because future bull market is waiting. And if you hold bitcoin for short days then of course you buy the dip and wait for it to dip. And when you get a small profit, you sell. But for me the best method is to hold bitcoin for long time you can choose DCA method and you can be successful.

To be honest, Bitcoin can be bought in its current state, and focus more on saving it in the long term, now Bitcoin is fluctuating very well, some investors may be inclined to keep buying and holding on for the next few years, and we think they are using the DCA method to increase their Bitcoin assets. , and this is a good method we think.

Yes of course the same coin coin is suitable for long term holding. But you can heat it for a long time using the DCA method. So the more you hot the more money you will own, it's just a simple matter because if you can hold you will get profit and if you don't hold you will have zero profit.  Investments should be made at one's own risk if one wants to reap the benefits.

You should have a long-term plan to invest in Bitcoin because if you hold it for a long time, your profit will be more. You mentioned DCA method if invest in this method then you are bound to hold it for long time. Investing in DCA method means investing in small amounts i.e. buying bitcoins with any amount according to your income source or ability.
We often hear that small parts add up to big things. Likewise, we invest in small fractions of Bitcoin using the DCA method to large our investments. We all have a tendency to buy bitcoins in the deep market and sell them at higher prices in hopes of making a profit. The Bitcoin market has been deep for the past few days, perhaps creating another opportunity for us to buy Bitcoin for investment.

Those who buy bitcoins for investment now may be able to profit from short-term investments within a few days. I probably saw it drop to $65k yesterday and see a slight increase from there to $66k today.

Holding Bitcoin for long term does not guarantee profit in return, Bitcoin might fall below the average price. The goal is to be neutral while investing in Bitcoin, having a plan which will guide you concerning how you go about your investment.

DCAing is a suitable strategy any investor can practically use, it enables buys at intervals of the market of which an investor can profit from, the stash of Bitcoin an investor will have is directly proportional to the amount invested. An investor who was investing little amount of money probably $10 would not expect to have same result as the other that invested $100 using same strategy and was disciplined.
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June 15, 2024, 03:07:34 PM
 #203

Yes as long as the money to accumulate Bitcoin is readily available.
Anytime is a right time to accumulate Bitcoin, but I think the best time to buy is when the price is dip and hodl for a longer period of time. And there is not time waiting for the value to drop further before accumulating Bitcoin because no body can predict the Bitcoin market price because it nature is volatile for you might be waiting for the price to dip further while it keeps on increasing in price.
You can accumulate Bitcoin when the money is readily available also with the amount you can afford to loss and for you to have more profit in your Bitcoin investment it depends on the quantity of Bitcoin you were able to accumulate and hodl for long by setting aside your discretionary income which will enable your hodl your Bitcoin for long time.
Actually, it is not a big problem when we buy this asset at a price that is increasing, if we invest we must be sure of what we choose, if we look at Bitcoin's track record we are all confident in Bitcoin, in the future its value will continue to increase very much. tall. If we use the dca technique we will get our best average price for investing. It is true that when a downturn occurs, it becomes everyone's dream to continue accumulating their assets and they will get much more bitcoin than when they experience an upswing. A decline is bound to happen but we never know for sure, it would be better for us to invest every month using the dca technique rather than delaying it until the decline occurs at the price we want. Yes, this is up to each investor which method they choose.

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June 17, 2024, 02:47:02 AM
 #204

Buy bitcoin now?

If you still have a lot of time and are able to be patient and continue to monitor the market with its graphs constantly going up and down, that's not a problem and it is highly recommended to get cheap prices.

Personally, this could be the last decline ahead of June which will come in a few days, even though we know what will happen to BTC in June.

Personally, if I had the funds, I would continue to go all in on BTC.

We are now in June and the price of Bitcoin has experienced a significant increase. I see the potential for the current increase to continue and it is possible that it will reach $80k. Therefore, there is nothing wrong if you buy Bitcoin now while waiting and seeing a significant price increase.
Today, Bitcoin is at a price of $66K, meaning there has been a decrease from 3 months ago, reaching ATH $73K, so we don't know what will happen at the end of June. It could continue to decrease or continue to increase to $70K, which is often done after falling.
There is always the potential for Bitcoin to increase, but when it will happen is still difficult to predict, but it is certain that the end of the year could increase quite well before next year it reaches the latest ATH.
I agree that continuing to buy Bitcoin if there are funds available, because it will certainly provide benefits in time.

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June 17, 2024, 04:56:23 PM
 #205

Currently market conditions are indecisive, meaning there is no strong momentum for bullish or bearish. You can see that in the last few days the price of bitcoin has stabilized between $65k-$70k. For now it's best to observe market conditions, If in the next few days the bullish momentum is strong then the time is right to buy, but if the bearish momentum is strong, it's best to wait until the lowest price to buy.

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June 17, 2024, 05:39:43 PM
Last edit: June 17, 2024, 06:39:33 PM by STT
 #206

Buy now but be ready to sell when we fail to break upwards and hold 66k as support for future gains.  That is the path of a speculator, you buy and sell in the same day often because you are trying to catch the updraft with free energy for your trade to profit.

Right in this last 15minutes there is a good amount of movement in the price.  Iam only mentioning that we do need to hold these gains in this area for it to be a positive break of the downtrend of the last week or so.  Past the 2 day average now, thats a fast moving average to follow and momentum is quite essential to fast money moves.

Weekly average is my golden rule, June 12th we traded upto but could not surpass that basic measure thereafter declining.

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June 18, 2024, 02:56:43 AM
 #207

Currently market conditions are indecisive, meaning there is no strong momentum for bullish or bearish. You can see that in the last few days the price of bitcoin has stabilized between $65k-$70k. For now it's best to observe market conditions, If in the next few days the bullish momentum is strong then the time is right to buy, but if the bearish momentum is strong, it's best to wait until the lowest price to buy.
I never wait to buy bitcoins for investment, but when we see bearish momentum in the market we become interested in buying more bitcoins. I have been closely monitoring the Bitcoin chart for the past few days and can smell a bearish season in the market. Maybe that's right because the price of Bitcoin is often going down.
Notifications from Coin Marketcap When I actually see that the price of Bitcoin has gone down, I get shocked and worried that the price of Bitcoin may go down even more and think that my investment might suffer. Maybe this is the case with every investor.

Currently, the Bitcoin market has dipped even the Bitcoin price has changed by -1.32% in 24 hours (according to the coin marketcap).

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June 18, 2024, 09:10:27 AM
 #208

Currently market conditions are indecisive, meaning there is no strong momentum for bullish or bearish. You can see that in the last few days the price of bitcoin has stabilized between $65k-$70k. For now it's best to observe market conditions, If in the next few days the bullish momentum is strong then the time is right to buy, but if the bearish momentum is strong, it's best to wait until the lowest price to buy.
I never wait to buy bitcoins for investment, but when we see bearish momentum in the market we become interested in buying more bitcoins. I have been closely monitoring the Bitcoin chart for the past few days and can smell a bearish season in the market. Maybe that's right because the price of Bitcoin is often going down.
Notifications from Coin Marketcap When I actually see that the price of Bitcoin has gone down, I get shocked and worried that the price of Bitcoin may go down even more and think that my investment might suffer. Maybe this is the case with every investor.

Currently, the Bitcoin market has dipped even the Bitcoin price has changed by -1.32% in 24 hours (according to the coin marketcap).

We are in high of $65,xxx right now, and I have seen that it even dip to $64,000 before this bounce. So yes, why not? Another perfect opportunity to buy and accumulate as much as we can. There is one thread asking about if this is a good time to buy because there's some crypto influencers who says that it will still go down to $60k, Lol.

For me, you don't want to wait for certain threshold of price to buy. If you have the funds then continue to do DCA, it's a foolproof, easy to understand and it's not that very difficult to implement. Even if you are a newbie, you will understand how that works and it works perfectly.

 
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June 18, 2024, 10:28:01 AM
 #209

Currently market conditions are indecisive, meaning there is no strong momentum for bullish or bearish. You can see that in the last few days the price of bitcoin has stabilized between $65k-$70k. For now it's best to observe market conditions, If in the next few days the bullish momentum is strong then the time is right to buy, but if the bearish momentum is strong, it's best to wait until the lowest price to buy.
I never wait to buy bitcoins for investment, but when we see bearish momentum in the market we become interested in buying more bitcoins. I have been closely monitoring the Bitcoin chart for the past few days and can smell a bearish season in the market. Maybe that's right because the price of Bitcoin is often going down.
Notifications from Coin Marketcap When I actually see that the price of Bitcoin has gone down, I get shocked and worried that the price of Bitcoin may go down even more and think that my investment might suffer. Maybe this is the case with every investor.

Currently, the Bitcoin market has dipped even the Bitcoin price has changed by -1.32% in 24 hours (according to the coin marketcap).

We are in high of $65,xxx right now, and I have seen that it even dip to $64,000 before this bounce. So yes, why not? Another perfect opportunity to buy and accumulate as much as we can. There is one thread asking about if this is a good time to buy because there's some crypto influencers who says that it will still go down to $60k, Lol.

For me, you don't want to wait for certain threshold of price to buy. If you have the funds then continue to do DCA, it's a foolproof, easy to understand and it's not that very difficult to implement. Even if you are a newbie, you will understand how that works and it works perfectly.

Those who still don't dare to buy now and say they will buy bitcoin if it drops to $60k, then I bet you that when bitcoin drops to that price they will also not dare to buy bitcoin, LOL. Those who always claim to buy when the price drops are the ones who never dare to buy bitcoin and I wonder what is the difference between 65k$ and 60k$ when it is not such a big gap?

Yes, DCA is the best way because bitcoin is unpredictable, what is the guarantee that bitcoin will drop to 60k$? Or will it increase suddenly from here while many people are waiting for it to decrease further?


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June 27, 2024, 05:32:24 PM
 #210

Quote from: Essential10
Currently many people are expecting the Bitcoin price to drop to buy Bitcoin. Everyone wants to buy low to sell high, it's true that we can't predict in advance how much the price of Bitcoin will go up or down. Today I saw the price of Bitcoin at 67 thousand dollars, in the current market many people feel risky to invest in Bitcoin. But I think the trend Bitcoin has shown this year is that anyone can invest now. Judging by the Bitcoin market over the past few months, I feel that Bitcoin will rise further. Those who can afford to invest at once can also do it and those who cannot afford to do it at once can also adopt DCA method. Just invest and hold expect a good profit during bull season.
The price of BTC has dropped down to $61k few hours ago, but some people are still not comfortable with the current price because they wish to buy BTC when the price dump to $20k which it will surely happen before the bull run will take over from the market.

When you buy BTC, when the price is very low, it will give you opportunity to accumulate profit that will make you last long in the BTC business because if you are losing in the BTC business, it will make you not to concentrate on the market price and it will make you to miss many opportunity during the bear season.

If you don't have big money to buy BTC now, you can wait for the price to dump to some stage that will allow you to buy plenty of BTC and hodl to be among the people that will going to earn plenty profit when the bull run hit the market soon.

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July 09, 2024, 02:15:53 AM
 #211

Do you think it is convenient to buy bitcoin now according to your predictions? Or wait for its value to drop further?
Currently the value of Bitcoin has dropped a lot compared to that I can hope to invest from here. If I can buy using DCA at this time it will give me a lot of value in the bull market, so I think the why is the golden opportunity at this time according to my forecast. Since the price of Bitcoin has gone down a lot and now it has gone up a lot, it is very unlikely that it will go down so buy and hold from here. The Bitcoin market will be pumping a lot and will reach the maximum ATH when the price will be $100k then definitely it is possible to make a profit if you invest now.

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July 09, 2024, 10:21:36 AM
 #212

Currently the value of Bitcoin has dropped a lot compared to that I can hope to invest from here. If I can buy using DCA at this time it will give me a lot of value in the bull market, so I think the why is the golden opportunity at this time according to my forecast. Since the price of Bitcoin has gone down a lot and now it has gone up a lot, it is very unlikely that it will go down so buy and hold from here. The Bitcoin market will be pumping a lot and will reach the maximum ATH when the price will be $100k then definitely it is possible to make a profit if you invest now.
Hoping for the best price level in Bitcoin prices in the future is not a problem and it can still be said to be reasonable, but for now I think we have to lower the level of expectations a little. Because the price of Bitcoin is still below $60K which is generally still very good for those who want to buy DCA every week before entering next month. And if you are one of those people who likes to invest and also likes to buy Bitcoin when the price drops, of course now is the right time for you to do it.

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July 09, 2024, 12:06:31 PM
 #213

Hoping for the best price level in Bitcoin prices in the future is not a problem and it can still be said to be reasonable, but for now I think we have to lower the level of expectations a little. Because the price of Bitcoin is still below $60K which is generally still very good for those who want to buy DCA every week before entering next month. And if you are one of those people who likes to invest and also likes to buy Bitcoin when the price drops, of course now is the right time for you to do it.
In my opinion, with the current market movement, Bitcoin is still relatively stable, the decline doesn't really worry me or make me scared and want to sell it. Instead of selling, it's better to add to our Bitcoin coffers while the price is still below $60k, that would be very profitable. . Using the DCA technique could be a solution to the current bitcoin price. Because maybe in the future or into next month the price of bitcoin will rise slowly, and it is also possible that the price will fall much further, but I think even if there is a decline it will not reach below $50k.

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July 09, 2024, 11:32:01 PM
 #214

In my opinion, with the current market movement, Bitcoin is still relatively stable, the decline doesn't really worry me or make me scared and want to sell it. Instead of selling, it's better to add to our Bitcoin coffers while the price is still below $60k, that would be very profitable. . Using the DCA technique could be a solution to the current bitcoin price. Because maybe in the future or into next month the price of bitcoin will rise slowly, and it is also possible that the price will fall much further, but I think even if there is a decline it will not reach below $50k.
When you have made Bitcoin an asset to invest in for the future, of course you must be able to know well the right time to use when entering the market to collect Bitcoin so that you can make a profit in the future and if you don't feel worried about the decline of course This will be very good in understanding how Bitcoin works so that you have the courage to continue adding to your Bitcoin assets when there is a decline.

However, I think if you have sufficient funds then it would be better to buy more than usual and still use the method as you have mentioned according to the time you have previously set, because as you said we all really believe that in Some time in the future the price of Bitcoin will experience an increase, so if we don't take advantage of the current opportunity, of course it will be very unfortunate in the future when the increase arrives then we will not be able to make a profit from Bitcoin.
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July 10, 2024, 05:12:53 AM
 #215

When you have made Bitcoin an asset to invest in for the future, of course you must be able to know well the right time to use when entering the market to collect Bitcoin so that you can make a profit in the future and if you don't feel worried about the decline of course This will be very good in understanding how Bitcoin works so that you have the courage to continue adding to your Bitcoin assets when there is a decline.

However, I think if you have sufficient funds then it would be better to buy more than usual and still use the method as you have mentioned according to the time you have previously set, because as you said we all really believe that in Some time in the future the price of Bitcoin will experience an increase, so if we don't take advantage of the current opportunity, of course it will be very unfortunate in the future when the increase arrives then we will not be able to make a profit from Bitcoin.
Those who use Bitcoin as a future investment should already understand and be confident about the profits that can be obtained in the future, but the reason often is because there is no more money to add to the investment.

The current Bitcoin price correction is anticipated by many people, especially those who use the DCA technique to buy Bitcoin, including me, and there is no doubt about continuing to do so as long as Bitcoin's decline continues.
And for the future, I also have the same beliefs as you.
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July 10, 2024, 09:36:27 PM
 #216

In my opinion, with the current market movement, Bitcoin is still relatively stable, the decline doesn't really worry me or make me scared and want to sell it. Instead of selling, it's better to add to our Bitcoin coffers while the price is still below $60k, that would be very profitable. . Using the DCA technique could be a solution to the current bitcoin price. Because maybe in the future or into next month the price of bitcoin will rise slowly, and it is also possible that the price will fall much further, but I think even if there is a decline it will not reach below $50k.
The price of bitcoin fluctuates and we should be ready to capture every opportunity that comes our way. Bitcoin, is it a good idea to bag it currently? I don't think so based on the bolstering volatile season of the marker, it comes with different measures and I'm not ready to put my port folio on desperate risks. We have different techniques in the system and it should be our priority to enabled ourselves captured the basic necessities of the market.

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July 11, 2024, 12:19:55 PM
 #217

In my opinion, with the current market movement, Bitcoin is still relatively stable, the decline doesn't really worry me or make me scared and want to sell it. Instead of selling, it's better to add to our Bitcoin coffers while the price is still below $60k, that would be very profitable. . Using the DCA technique could be a solution to the current bitcoin price. Because maybe in the future or into next month the price of bitcoin will rise slowly, and it is also possible that the price will fall much further, but I think even if there is a decline it will not reach below $50k.
When you have made Bitcoin an asset to invest in for the future, of course you must be able to know well the right time to use when entering the market to collect Bitcoin so that you can make a profit in the future and if you don't feel worried about the decline of course This will be very good in understanding how Bitcoin works so that you have the courage to continue adding to your Bitcoin assets when there is a decline.

However, I think if you have sufficient funds then it would be better to buy more than usual and still use the method as you have mentioned according to the time you have previously set, because as you said we all really believe that in Some time in the future the price of Bitcoin will experience an increase, so if we don't take advantage of the current opportunity, of course it will be very unfortunate in the future when the increase arrives then we will not be able to make a profit from Bitcoin.
yes, I have to believe that investing in bitcoin will not make me lose, as long as I am sure that my investment will run smoothly and there are no problems or obstacles in my finances that will stop my investment, I will continue to accumulate bitcoin with the target that I set, remembering Long term is my goal, looking at market conditions. Now is the right time to accumulate Bitcoin, but for me I won't bother too much with things like that, I will just focus on the DCA strategy that I am currently using.

For me, the price drop is just a bonus for me to be able to buy more Bitcoin, in the hope that the target I have set can be achieved more quickly, but I also have to remind myself or people who are accumulating Bitcoin, that the market will not always continue to experience decline, there are times when the market also experiences an increase. Because it is difficult to predict the market, we can only take advantage of the few opportunities that exist. In essence, I just focus on what I target for the long term

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July 11, 2024, 12:42:43 PM
 #218

In my opinion, with the current market movement, Bitcoin is still relatively stable, the decline doesn't really worry me or make me scared and want to sell it. Instead of selling, it's better to add to our Bitcoin coffers while the price is still below $60k, that would be very profitable. . Using the DCA technique could be a solution to the current bitcoin price. Because maybe in the future or into next month the price of bitcoin will rise slowly, and it is also possible that the price will fall much further, but I think even if there is a decline it will not reach below $50k.
I also think like that, now is still a pretty good time to continue adding to Bitcoin coffers before the Bitcoin price returns to $60K. Because the increase in Bitcoin prices is marked as a price recovery that will definitely occur again this year, although this may be seen slowly. And I will also use this technique when I have money even though I always leave a little for my personal life because I always buy anything with more calculation. Including when I bought Bitcoin again in this good condition.

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July 11, 2024, 02:14:16 PM
 #219

I agree with what @Oshosondy said, DCA is your best strategy for a beginner. You don’t have to buy a whole bitcoin before you can get started on your hodling journey. You can buy small amounts of bitcoin within a certain period depending on your income. There’s a saying only invest what you can afford to lose, your weekly/monthly bitcoin investment should not be one that keeps you up at night.

There are so many uncertainty in the market such that it would have been for any one to investment any time money is readily available for investment irrespective of the price point, reason that it is Bitcoin we are talking about here even when the price drops it can as well go higher than expected, hence the reason why buying any time you have your money for investment ready since you don't know to what extend the price can go up or down and for you to prepare for the up you must have Bitcoin in your portfolio, if the plan is to buy and hold for long any time you buy Bitcoin is the best time for you. Only invest the amount you can be very comfortable with yeah that is the logic of investment in Bitcoin so that you will not be selling when you are meant to be accumulating to solve your other needs.

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July 12, 2024, 12:06:58 PM
 #220

In my opinion, with the current market movement, Bitcoin is still relatively stable, the decline doesn't really worry me or make me scared and want to sell it. Instead of selling, it's better to add to our Bitcoin coffers while the price is still below $60k, that would be very profitable. . Using the DCA technique could be a solution to the current bitcoin price. Because maybe in the future or into next month the price of bitcoin will rise slowly, and it is also possible that the price will fall much further, but I think even if there is a decline it will not reach below $50k.
I also think like that, now is still a pretty good time to continue adding to Bitcoin coffers before the Bitcoin price returns to $60K. Because the increase in Bitcoin prices is marked as a price recovery that will definitely occur again this year, although this may be seen slowly. And I will also use this technique when I have money even though I always leave a little for my personal life because I always buy anything with more calculation. Including when I bought Bitcoin again in this good condition.

Well said. The recovery might be slow or a quick pump, no-one can predict we all just need manage risk and be open to uncertainties presents.
This is one of the best time to grow our Bitcoin Portfolio and have more stash of Bitcoin.
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