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Author Topic: Is it too advanced to get into Bitcoin now?  (Read 1106 times)
smelody (OP)
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February 20, 2024, 06:16:41 AM
 #1

Cryptocurrency prices have increased by 118% compared to last year. Similarly, prices are increasing by almost 83% in the last 04 months.The dramatic history price of Bitcoin peaks and the recent buzz around its upcoming "halving" its only fair to pose the most obvious question in front of us that-
Did the Bitcoin flight already leave investors? or is there still time to buy a ticket?

The attractions of Bitcoin investments has always been double the potential for significant returns and its suggested role as digital gold.Historically Bitcoin has rewarded the bold to investors. For the next "halving" currently on track for April, another bull run seems highly likely. Recent price gains although this potential wave should take Bitcoin to a whole other level as it did after the May 2020, July 2016 and November 2012.
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February 20, 2024, 06:55:52 AM
 #2

Maybe the only thing I can say is that as long as you have the opportunity to buy Bitcoin right now, do it. Don't wait for it to move up quickly when you decide to buy it. Believe me, don't be like others who only decide to buy when the price of bitcoin is too high.

And I also think it will happen a few months from now. It seems that we are already in the countdown to the approaching bull run, to be honest. This is what I see and observe now.

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February 20, 2024, 07:00:21 AM
Merited by Myleschetty (3)
 #3

Did the Bitcoin flight already leave investors? or is there still time to buy a ticket?
There is still time to buy a ticket. Bitcoin is going all-time-high and the least that people should be expecting is $100000. Bitcoin may not reach this price before halving but you should wait for some months after halving and you will be happen. Some people will be looking for bitcoin to decrease to a lower price before they will invest but bitcoin can disappoint such people after increasing more and more.

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February 20, 2024, 07:01:01 AM
 #4

Cryptocurrency prices have increased by 118% compared to last year. Similarly, prices are increasing by almost 83% in the last 04 months.The dramatic history price of Bitcoin peaks and the recent buzz around its upcoming "halving" its only fair to pose the most obvious question in front of us that-
Did the Bitcoin flight already leave investors? or is there still time to buy a ticket?

The attractions of Bitcoin investments has always been double the potential for significant returns and its suggested role as digital gold.Historically Bitcoin has rewarded the bold to investors. For the next "halving" currently on track for April, another bull run seems highly likely. Recent price gains although this potential wave should take Bitcoin to a whole other level as it did after the May 2020, July 2016 and November 2012.

OP those that bought in December last year assumed that the price was high and now they are gaining in the market, so to me I don't think that there is a particular time to invest in bitcoin though there is a suggestion that investors should buy when there is drop in the price but what if you continue waiting for price drop and it ain't coming, what will you do, will you just abandon your investment plan when you are set for it, when an investor has his fund ready for investment he should not give up because of the price increase because such opportunity may not present itself again, the price he is afraid of may continue to skyrocket and he will blame himself for whatever wrong choice he made.

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February 20, 2024, 07:02:29 AM
 #5

I would say, don’t look at the price. It’s never too late in order to dive into Bitcoins or crypto industries. You can still make plenty of profits from Bitcoins. The reason is pretty simple. Bitcoins are limited in numbers, that is no more Bitcoins can be created or invented, hence it made the coins very valuable. Now as the days are passing more people are trying to buy the coins. But as the coins are limited, in order to meet the demand, the price goes up. And hence if we buy the coins at current price and hold for some years, still we can make 3x the profit.

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February 20, 2024, 07:10:23 AM
 #6

Never back away from a good investment because the price is high, the good thing with Bitcoin is that you can buy fractions.
What you need is a strategy, it can be DCA, it can be one shots, you will have to find what suits you depending on your means and what you want for the future.

Do you believe in it ? I do and I don't even look at the price anymore.


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February 20, 2024, 07:21:48 AM
 #7

Did the Bitcoin flight already leave investors? or is there still time to buy a ticket?
For me no, you can still buy either DCA or one time investment and then hodl until the end of 2025 as some investors believe that Bitcoin that time will mark a new all time high some speculated the price range of Bitcoin will reach $85k-$100k so be smart. I can also see it on chart that every four years there is a significant peak on the price of Bitcoin that is why it is for me worth the wait if it really happen if not then not a problem.

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February 20, 2024, 07:26:25 AM
 #8

If you don't have enough money to invest in Bitcoin and you choose to use your emergency money, take a loan etc in order to invest in Bitcoin because you believe you can double or triple your money in the next year, I suggest you shouldn't doing that.

There's no guarantees you will earn in the next year, moreover it's better to buy Bitcoin because of the value instead of the price.

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February 20, 2024, 07:44:17 AM
 #9


it's still early and you still could make a big profit in holding BTC. you just have to wait as the price may run up and down for a while before going straight up. its a normal price fluctuation but eventually the bull market will give you profit when you buy your ticket now.

there is still a guarantee of profit since the halving is yet to come as you said. following some people who have been doing TA in BTC, he was saying that this bull run could go up to 2 years. not sure how he means it but i'm counting on it.









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February 20, 2024, 07:56:17 AM
 #10

So OP, what price do you want to buy Bitcoin at? $30k? well there is a very good chance
that $30k will not be seen again, we might not even see $40k again!

If you are waiting to time the absolute bottom of the market, good look to you, the bottom
could very well be todays market price!

Or you could wait a other 3 years an take the chance that the bottom of that cycle could
be $45k but in the mean time you missed out on this Bull run.

R


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February 20, 2024, 08:07:05 AM
 #11

My first investment in Bitcoin was when the price was about $2,000 to $4,000, and many thought the price was exaggerated. Today, we are trading at $50,000, and at the present time many expect the price to reach $100,000 before the end of this year or the middle of next year, so In terms of price, if your goal is a long-term investment, you are not late, but what is more important is that you learn the basics of trading and how to protect your cryptocurrencies.


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February 20, 2024, 08:21:07 AM
 #12

My first investment in Bitcoin was when the price was about $2,000 to $4,000, and many thought the price was exaggerated. Today, we are trading at $50,000, and at the present time many expect the price to reach $100,000 before the end of this year or the middle of next year, so In terms of price, if your goal is a long-term investment, you are not late, but what is more important is that you learn the basics of trading and how to protect your cryptocurrencies.
I invested when the price was about $400 to $600 and there were people who were saying that the price would reach 10 000$, 20 000$ and even more but everyone was calling them crazy but they were true.

Is it now the best time to invest in Bitcoin? It depends on how much profit you expect. It was definitely better to invest when the price was 30K but it's not late or wrong to invest today because bitcoin will reach and surpass its all-time high. From 52K to 70K, you'll see some profit, so it's not late. Btw keep in mind that Bitcoin will definitely reach not only all-time high but will surpass it and reach 100K.

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February 20, 2024, 08:47:06 AM
 #13

Before investing in any asset or field, we need to learn and understand it clearly. The fact that you asked this question makes me think that you haven't taken the time to research bitcoin and you just want to invest based on other people's advice. Because if you take the time to learn about bitcoin, you will know that it is never too late to invest in bitcoin.

Instead of just looking at the historical low and comparing it to the current price, you think it's too late to invest. Why don't you try to compare the current price with the price it can reach in the future, for example bitcoin will reach 1 million dollars then you will know that it is too early to start.

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btc78
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February 20, 2024, 09:04:36 AM
 #14

You are correct when you say that bitcoin has come a long way already. Those who have invested during its early times are lucky and have most likely created huge profits already. Despite this, I personally think that bitcoin still has a lot to improve on therefore I know that the bitcoin’s price will increase more. Not only the price will double, but it can even triple.

Bitcoin is volatile and even though a lot of people think that bitcoin’s increase in price is linear, there would be correction phases even during the bull run. The price might go up or go down sometimes and it is all normal. When the price goes down, it is generally a good time to buy and there would still be plenty of time where the price is not constantly going up but also going down. So no, it is not yet too late for others to jump on in the ship.

The key is to know when to buy and always be mindful of your goals.

Alana Arden
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February 20, 2024, 09:17:35 AM
 #15

So OP, what price do you want to buy Bitcoin at? $30k? well there is a very good chance
that $30k will not be seen again, we might not even see $40k again!

If you are waiting to time the absolute bottom of the market, good look to you, the bottom
could very well be todays market price!

Or you could wait a other 3 years an take the chance that the bottom of that cycle could
be $45k but in the mean time you missed out on this Bull run.

I don't have enough money that I would be willing to lose it or that I could invest in Bitcoin and enjoy the benefits of the next bull run. But sometimes, to take advantage of Bitcoin bull run, I make myself greedy to invest in Bitcoin. As a result I want to invest in Bitcoin by taking money from family or borrowing money in hopes of double profit. Since Bitcoin is limited, the bull run hasn't started yet, and Bitcoin is getting halved. On the other hand, I am afraid of losing. Now I am at a loss as to what to do. So I'm waiting for the price to drop to $25K–$30K. I don't know when Bitcoin will come back to this price.

I want advice, without being greedy, should I wait 2/3/4 years for the price to drop?
  Or do I need to take the risk and invest in Bitcoin now?
arwin100
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February 20, 2024, 09:30:28 AM
 #16

Cryptocurrency prices have increased by 118% compared to last year. Similarly, prices are increasing by almost 83% in the last 04 months.The dramatic history price of Bitcoin peaks and the recent buzz around its upcoming "halving" its only fair to pose the most obvious question in front of us that-
Did the Bitcoin flight already leave investors? or is there still time to buy a ticket?

The attractions of Bitcoin investments has always been double the potential for significant returns and its suggested role as digital gold.Historically Bitcoin has rewarded the bold to investors. For the next "halving" currently on track for April, another bull run seems highly likely. Recent price gains although this potential wave should take Bitcoin to a whole other level as it did after the May 2020, July 2016 and November 2012.

Some people think about its late to buy bitcoin since it became so expensive compare to its past price. But if you look at the possibilities and current situation where many people talk about something good to come then maybe its good thing to consider about buying bitcoin.

That's why its important for us to consider to learn a lot of things about bitcoin and be updated regarding on the news that recently happen or potentially to come so that we can figure out important things to consider especially upon buying bitcoin without getting discourage on things that we just see.
There's a huge potential for a bull run to come so if you or other people comfortable to buy at current rate then they must do it, but if they are doubting then much better if they listen to their god feel and try to monitor the market so that they can learn something from it.

Fiatless
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February 20, 2024, 09:34:42 AM
 #17

Did the Bitcoin flight already leave investors? or is there still time to buy a ticket?
Bitcoin is still a young Investment that has the potential to grow to an unimaginable height. You still have the chance to invest and make a profit in the future. Even if you don't make so much profit within the present having and bull run, you could hold for another four years. It is better to buy and hold Bitcoin before the halving or bull run year because it will be cheaper. Buying because of FOMO is not the best option but it is still better to be late than to lose out entirely.

My first investment in Bitcoin was when the price was about $2,000 to $4,000, and many thought the price was exaggerated. Today, we are trading at $50,000, and at the present time many expect the price to reach $100,000 before the end of this year or the middle of next year, so In terms of price, if your goal is a long-term investment, you are not late, but what is more important is that you learn the basics of trading and how to protect your cryptocurrencies.
I have heard people share the same experience that people thought Bitcoin was too expensive for them to buy. But many of them who were waiting for the price of Bitcoin to go down before they buy have missed out on the chance of making a profit. Many of them don't have any Bitcoin and I am sure they are regretting it.

.
 airbet 
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bobbybkk
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February 20, 2024, 09:42:05 AM
 #18

There is a psychological problem with Bitcoin pricing.

If you look at a share price for example Microsoft, and the price looks very high, lets say 2000 USD per share, then Microsoft can do a share split by 1/10, and suddenly the share price is now only 200 USD, and looks far cheaper than the 2000 USD before. For an invetsor it is still the same to have 1 old share for 2000 USD or 10 new shares for 200 USD each.

Bitcoin has not this option to split / look cheaper, so people will always worry if the current price is maybe too high, because of the high numbers

Smiley
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February 20, 2024, 11:00:52 AM
 #19

Cryptocurrency prices have increased by 118% compared to last year. Similarly, prices are increasing by almost 83% in the last 04 months.The dramatic history price of Bitcoin peaks and the recent buzz around its upcoming "halving" its only fair to pose the most obvious question in front of us that-
Did the Bitcoin flight already leave investors? or is there still time to buy a ticket?

The attractions of Bitcoin investments has always been double the potential for significant returns and its suggested role as digital gold.Historically Bitcoin has rewarded the bold to investors. For the next "halving" currently on track for April, another bull run seems highly likely. Recent price gains although this potential wave should take Bitcoin to a whole other level as it did after the May 2020, July 2016 and November 2012.
It is still a good time to invest in Bitcoin. The Bitcoin flight has not left investors who think that I have missed out on Bitcoin investing then I would say that is wrong because I think there is still a good time for you to invest. We know bitcoin halving is still some time since our bitcoin halving is coming very soon so you have to accept that after bitcoin halving the market will definitely go up. If the market definitely goes up after the Bitcoin halving then there is still a good time to invest but rest assured that if the bull run starts a few months after the Bitcoin halving it can definitely go between $100k and $160k. So if you are asking yourself too many questions to invest at once then you can go ahead and invest with DCA method.

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Ferozas
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February 20, 2024, 11:12:40 AM
 #20

It all depends on your beliefs and what you stand for.

I believe the cryptocurrency sector still has a lot of room for improvement.

If you're looking to invest for gains rather than ideology, I would suggest exploring newer projects with more growth potential.
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