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Author Topic: Is it too advanced to get into Bitcoin now?  (Read 1106 times)
spiker777
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February 23, 2024, 05:59:42 PM
 #101

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?
We will never know if Bitcoin will continue to rise or will correct. Since the introduction of Bitcoin EFT, Bitcoin's price path is extremely unpredictable, this year's cycle may be very different from previous cycles. What will we do if Bitcoin continues to go up and then corrects, then the adjusted price will be close to the price now? So for me personally, buying Bitcoin now with a longer view means the current price is not too high to own Bitcoin. If we hesitate, we may miss an entire bull cycle ahead because with the recent moves of large organizations, I think the upcoming growth cycle will be extremely crazy when the cash flow Pouring into this market is huge.


You forgot to mention the DCA method which can be helpful in a market situation like this because one doesn't need to rush in and invest all their capital at once if they are making an entry at this point. They can use the DCA method and invest in a portion so that if the market corrects itself later on, they should still have some money left that they can use to buy more and have a better buying average rather than buying with everything they have at once.
Investors at this point should look for the long-term outcome of their investment because if someone has their mindset fixed on the long-term gains, they wouldn't be bothered by short-term corrections and dips even if they have all their capital invested and can't buy more of the dips.

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February 23, 2024, 08:07:34 PM
 #102

Did the Bitcoin flight already leave investors? or is there still time to buy a ticket?
if people still thinking like this and how do you even cope with that if people always think if it's too late or not to invest when the price is really high.

It's always the best time to buy literally right now, if you follow the chart in past several years then you will see that in the future Bitcoin will see new range price like in 2018 and today. We would see $100k in the future but don't know when and how long it is to get there, just invest it and stop thinking that if you are too late or not if you are just looking to hold it.

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February 23, 2024, 08:11:02 PM
 #103

This is not something new, even when Bitcoin touched 100$ people start saying that it's now too late to buy Bitcoin. Today Bitcoin is at 50k and this looks a very high price but we don't know what price Bitcoin will take in coming one or two years. From here Bitcoin might go to 100k or back to 20k, nothing is guaranteed. If you are a long term investor then its never too late to enter into Bitcoin that's what we have learned from Bitcoin price history i.e. price has gone up with time.
Agree. Some people will be always saying that, they are late to buy Bitcoin and they regret it now. They know Bitcoin still has a chance to grow higher but they are afraid to buy now. I sometimes feel confused about these people, they want to take profits but they don't want to take the risks. They want to get profits as many as possible but they don't want to buy soon. Well, it is very annoying to see this type of people, they are always complaining about the situation.

Yep. The current price is still about $50k - $51k, it is a bit decreasing from the highest price yesterday ($52k). I think it is not a very expensive price because it is predicted to reach $100k. If people really want to take profits in Bitcoin asset, it is not very late to buy now. There is still a big gap between $100k and $50k. If $100k is a too high target, people can set a target at $70k - $80k. I think it is not hard to reach that target in the current bullrun season.



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February 23, 2024, 08:31:44 PM
 #104

   Waiting for Bitcoin' potential crash or invest now depends on the individual decision and his investment ,for me it is still not too late to buy Bitcoin in spite of the price movement, remember when rising,it is also expected to fall , it's not about timing. Bitcoin is still in it's early stage and so it has given a lot of chance for growth,it has not gotten to its peak . The taught or reasoning that it is too late to invest in Bitcoin, will spoil your ability to make make good and enough money.
Late or not actually depends on how high the target price will be achieved when starting to invest in Bitcoin. Starting to enter now with a target price of 2x the current price is certainly still good enough, but according to the current market trend, following the market price when it crashes will be more profitable because we will get a cheaper price. Corrections will definitely occur because the price of bitcoin will not always rise. There will be many opportunities that can be utilized well to get cheaper prices.
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February 23, 2024, 08:37:12 PM
 #105

If you have not entered Bitcoin, now is the best time to start building as other big players are doing. There is sign that Bitcoin may go above $100k after halving and will never return below again, just like it went above $10k and we are no longer discussing price below $10k. From last year onward, there have been a lot of interesting things about Bitcoin that made more people became interested in it. The evidence of such is the continuous rise in price from last quarter of 2023 till date. When halving happens, that is likely going to make price rise so rapidly above some estimations that people made in the past. Therefore, anyone that want to get it can consider doing so before the halving event which is now.

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February 23, 2024, 08:37:24 PM
 #106

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 never too late to get into Bitcoin. History has proven this right again and again! Why do people still think that this time will somehow be different?

Although if you are not sure about whether or not you feel good about investing, then you should not invest. Otherwise you will get shaky hands at the next price dip/dump and and sell at a loss.

So that is not a good mindset to have when investing.




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February 23, 2024, 08:44:09 PM
 #107

Did the Bitcoin flight already leave investors? or is there still time to buy a ticket?

Questions like this always exist in every bull run or when bitcoin goes up but actually the answer is still the same as before because it's never too late to be in bitcoin it's just that in this case you have to better determine your goal to be here.
If it is indeed a short profit that is taken although it is still possible to happen but in the end it will be a little difficult because the purpose of bitcoin especially at the current price is certainly we realize that this is for the long term.
If you are expecting profits in a short time it is likely that you will fail but if indeed the goal is for several years you invest because bitcoin is about the long term then it will not be too late in any case including buying now at a price that is already quite high.
You must realize that it depends on your conviction so make your choice well in advance because being in bitcoin may not be as comfortable as you think if you are not really prepared for the risks.

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February 23, 2024, 09:09:04 PM
 #108

Did the Bitcoin flight already leave investors? or is there still time to buy a ticket?
if people still thinking like this and how do you even cope with that if people always think if it's too late or not to invest when the price is really high.

It's always the best time to buy literally right now, if you follow the chart in past several years then you will see that in the future Bitcoin will see new range price like in 2018 and today. We would see $100k in the future but don't know when and how long it is to get there, just invest it and stop thinking that if you are too late or not if you are just looking to hold it.
These are the type of people who are afraid to lose. Because if there’s actually faith, regardless of its price, people will start buying now before bull run enters the market. However, there’s always next bull run to come, the important thing is they should not hesitate to invest their money because bitcoin might be the answer to their long term goals.

Bitcoin will definitely land into its new all time high soon. But if the current rise will not continue all of a sudden, I guess we will see it’s new all time high quite delayed, but certainly we will get there eventually.

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February 23, 2024, 09:57:07 PM
 #109

   Waiting for Bitcoin' potential crash or invest now depends on the individual decision and his investment ,for me it is still not too late to buy Bitcoin in spite of the price movement, remember when rising,it is also expected to fall , it's not about timing. Bitcoin is still in it's early stage and so it has given a lot of chance for growth,it has not gotten to its peak . The taught or reasoning that it is too late to invest in Bitcoin, will spoil your ability to make make good and enough money.
Late or not actually depends on how high the target price will be achieved when starting to invest in Bitcoin. Starting to enter now with a target price of 2x the current price is certainly still good enough, but according to the current market trend, following the market price when it crashes will be more profitable because we will get a cheaper price. Corrections will definitely occur because the price of bitcoin will not always rise. There will be many opportunities that can be utilized well to get cheaper prices.
If you really aim to maximize your bitcoin investment, don’t wait for some corrections because that remains still uncertain when it will happen. Invest now and continue with DCA, I think that’s the best way to do now. Although it’s best to enter the market having price corrections but if we keep waiting for that, we might not maximize the opportunity accumulating bitcoin so we can take some benefits when bull run comes. Just buy and hold. You will not lose in bitcoin if you intend to hold it for long term.

R


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February 23, 2024, 10:32:49 PM
 #110

   Geometrically the amount of Bitcoin that is generated per block is going to decrease by 50 percent in reduction at every 210,000 blocks or at every four years . The number of Bitcoin can not exceed very small in amount than 21million,and so the money available to put aside by algorithm which looks at Bitcoin blocks and raw transactions, because of its limited supply of 21million Bitcoin will create scarcity that will influence it's market price.

   When Bitcoin price is affected by supply,it also affects the demand of the markers,and it's available numbers which will now make investors to compete. The demand of Bitcoin can't be measured,and so the price of one Bitcoin will always be one Bitcoin not withstanding it's demand ,and since Bitcoin 's aim is to be decentralized,it can not rely on third party or a central authority to function.
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February 23, 2024, 10:59:48 PM
 #111

Did the Bitcoin flight already leave investors? or is there still time to buy a ticket?
if people still thinking like this and how do you even cope with that if people always think if it's too late or not to invest when the price is really high.

It's always the best time to buy literally right now, if you follow the chart in past several years then you will see that in the future Bitcoin will see new range price like in 2018 and today. We would see $100k in the future but don't know when and how long it is to get there, just invest it and stop thinking that if you are too late or not if you are just looking to hold it.
Opportunities for bitcoin won’t run out. Everyday is the best time to buy. Either you want to buy today or delay your purchase, that’s solely your decision. But as a friendly suggestion, buy when you have readily available funds. Don’t think that you’re late or too early, because in reality being an investor, time is always precious. And most especially that bitcoin halving and bitcoin bull run are just waiting around the corner, you don’t have to doubt the time to invest but chose to invest now.

Change is not coming unless you decide to take some risk. While investing with bitcoin is quite risky, but if you are investing for long term hodling, you will not be at loss actually if you always stick with your goal plans.

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February 23, 2024, 11:16:33 PM
 #112

Theres always a time.
That was brief but, not the wrong answer by one bit.

When I hear people ask questions like these or feel it’s way too late, I do wish they can just recall that this a technology that is expected to be life long, all it’s coin haven’t been mined and it has been the base for the propagation of several other coins and project in the cryptospace.

Hence, when it comes to a person to wish to invest, it’s not late, 13years isn’t a far time in for a lifetime investment. The future of Bitcoin is still very far and it would amass itself a huge price to accommodates world population.

R


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February 24, 2024, 12:46:38 AM
 #113

Better late than never, probably someone told this already if not then this is just a reminder.

Price of Bitcoin always fluctuate up and down if you look from small time frame but in it's all time you can see the price kept increasing cycle after cycle, and Bitcoin still in the early stages so you can even invest today and in the next 10 year the value might have been grown up to level that you never thought.









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February 24, 2024, 02:49:02 AM
 #114

   Waiting for Bitcoin' potential crash or invest now depends on the individual decision and his investment ,for me it is still not too late to buy Bitcoin in spite of the price movement, remember when rising,it is also expected to fall , it's not about timing. Bitcoin is still in it's early stage and so it has given a lot of chance for growth,it has not gotten to its peak . The taught or reasoning that it is too late to invest in Bitcoin, will spoil your ability to make make good and enough money.
Late or not actually depends on how high the target price will be achieved when starting to invest in Bitcoin. Starting to enter now with a target price of 2x the current price is certainly still good enough, but according to the current market trend, following the market price when it crashes will be more profitable because we will get a cheaper price. Corrections will definitely occur because the price of bitcoin will not always rise. There will be many opportunities that can be utilized well to get cheaper prices.
If you really aim to maximize your bitcoin investment, don’t wait for some corrections because that remains still uncertain when it will happen. Invest now and continue with DCA, I think that’s the best way to do now. Although it’s best to enter the market having price corrections but if we keep waiting for that, we might not maximize the opportunity accumulating bitcoin so we can take some benefits when bull run comes. Just buy and hold. You will not lose in bitcoin if you intend to hold it for long term.
Agreed with the thought who keep track of Bitcoin's past bull run must understand how far Bitcoin can go in the upcoming bull run. In the last bull market, Bitcoin reached the highest price of around 70 thousand. There are many investors who got the opportunity to buy at the price of 20 to 30 thousand but they may not have believed in the potential of Bitcoin or because of negligence they missed that opportunity. Since no more than 21 million bitcoins will ever be created, it will naturally continue to grow. Those who collect bitcoins in DCA can certainly be a large holder of bitcoins in the long run. There is a high potential for their wealth to multiply or more, especially on rising prices.

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February 24, 2024, 03:16:51 AM
 #115

op You can still buy bitcoins if you want. Because the bitcoin market is getting stronger day by day so it is expected that the year 2024 is expected to be the top of the bitcoin market. So it is not too late if you want you can still buy and hold bitcoin. Because if you expect the price of bitcoin to go down further, you can see that it is impossible to tell in advance which direction the bitcoin market will turn, but the bitcoin market is expected to rise this year. Those who bought bitcoins in December 2023 already made a lot of profit. If the Bitcoin market doesn't grow but surprise everyone the Bitcoin market is currently touching 52K. So it's not too late Bitcoin you can buy Bitcoin if you want but if you want to buy Bitcoin you have a long term plan then it will be seen that you will be successful by investing in Bitcoin.

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February 24, 2024, 03:43:06 AM
 #116

Did the Bitcoin flight already leave investors? or is there still time to buy a ticket?
If your goal is long term, it is never too late to start investing in Bitcoin. As you said, Bitcoin is known for having cycles, known as bull markets, and historically those cycles occur once every four years. In 2013 there was a bull market for the first time, in that year almost all cryptocurrencies rose rapidly, bitcoin is the mother of all cryptocurrencies, the original one and after that the cycle occurred again in 2017 and 2021.

If we refer to cycles, the next bull market where Bitcoin will increase rapidly will most likely occur in 2024-2025. If you look at the current price of Bitcoin, Bitcoin is very good to buy, because in my opinion we should not focus on the current price but focus on the target we want to achieve, namely Bitcoin will reach a new ATH price.

R


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LLBITCRYPTO
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February 24, 2024, 04:32:11 AM
 #117

Bitcoin has patiently withstood negative predictions and influence by nay sayers. Seeing as bitcoin looked promising despite all odds, they became interested and wanted to know then if it was too late to have and hold some. By 2019, a decade after the arrival of bitcoin; people, not oblivious to its growth and dominance, again wondered if it was too late to have and hold some. 2024 would also have people who are witness to the growth and the dominance bitcoin has wonder if it’s late to have and hold some.

And the answer has been always been the same . It’s not too late to do so. There are people still watching by the sidelines and would probably ask in a year or two if it’s still too late.
You can not only buy a ticket today, you also decide the amount you want to buy said ticket with. It now rests on you to take the next step.

Just do it!! Nike would probably agree with me on this.  Cheesy
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February 24, 2024, 04:59:11 AM
 #118

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?
Most people who use Bitcoin as an investment are for the long term, not just to take advantage of the price which is expected to rise and reach the latest ATH a few months after the halving because if that is the only target then it is still categorized as short term, so at any time you can buy Bitcoin and for now it's not too late if the target is after the halving but for those who entered Bitcoin after the halving you can keep it for a longer period of time, the important thing is that you buy it with money that you can afford to lose so there is no chance for you to sell it below the price when you bought it because that means you experience a loss, if you use money that you can afford to lose, you will be able to keep it longer because the longer you keep Bitcoin, the greater the chance of making a big profit.

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February 24, 2024, 06:04:00 AM
 #119

We all know that after mining 21 million bitcoins no more bitcoins can be mining. Already 19.5 million bitcoins have been mining. But its demand in the market is increasing day by day. Which is a huge opportunity for bitcoin holders or investors. Apart from this, we know that the bull run is going to start this year itself, a special example of which is seen almost every moment. Even last 1 week ago Bitcoin price was $48k, which today stands at $51k. All the past patterns are there to understand that now is the time to invest in bitcoin.  Which will not let you down in this era of bull run.
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February 24, 2024, 06:38:56 AM
 #120

I don't think so, I'm not tech oriented when I first learned about bitcoin but here I am, a long time hodler of it, you just need to know the basics and at the same time learn along the way and you would be good to go with bitcoin. A lot of old people have invested in bitcoin already and they all learn about the technical stuff later on so I don't see being not oriented with technology as an excuse not to get into bitcoin, remember that there are things that's outside your comfort zone and those stuff can make you grow so you better try them anyways, bitcoin has changed a lot of lives and who knows, you might be the next person that will get that bitcoin treatment.



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