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Author Topic: Road to 100k?  (Read 15461 times)
avp2306
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August 31, 2024, 12:54:57 PM
 #1381

Quote from: 348Judah
Everyone investing in bitcoin should be getting ready gradually, because sometimes whenever the market seems unpredictable is signal on its own, that there await a bull ahead but first creating a buzz amidst the investors and traders who could not hold their emotions or asset in times like this, am still very positive that something nice is cooking already for the bull market because we will soon be lay on the roadmap to 100k bitcoin price soon, just hodl and invest now.

Once you make your decision to embrace Bitcoin investment, you must get ready all the time, because anything can happen to the market anytime either negative or positive which you need to take advantage of one to achieve your goal in the nearest future. I think, many investors know that something good is going to happen before the end of this year, because if you look around the market right now, you will know that the price of Bitcoin is still increasing to give investors hope that something good can still flow for long term holders and short term holders to release their Bitcoin for sale. I will not advice anyone to invest in Bitcoin right now, because the price is high which it will not allow such investors to make a good income when the price reach $100,000 soon, but I can advice those investors that purchased Bitcoin when the price was $20,000 to continue holding their Bitcoin, because the bullish season that will lead to $100,000 will soon manifest for holders to smile again.

You don’t sound like someone that knows anything about bitcoin investment. Why will you discourage people not to invest in bitcoin now and say that the price is high. The best time to invest in bitcoin was yesterday and the second best time is today. If you don’t start your investment now, when do you wish to start to accumulate more before the bull run. If you’ve invested in bitcoin when the price is at $58K that you claim to be high, when it’s already in $100K, you’ve made almost x2 of your investment.  It’s just simple, anytime you start is not bad as long as you’re holding for a long term, the value of your money would have appreciated by then. Waiting for the market to fall before investing may be the wrong choice you would ever take, it may not dip further and we may never see this price again when it moves from here. So make hay while the sun shines.

His first statement seems pretty fine until reading his last sentence towards bitcoin. And why only speculating for the price to reach only on $100k while the fact there's chance for bitcoin to reach at good price in future. Those $100k speculation for profit taking is for short term and usually traders do that.

But if they really aim for bitcoin investment usually this is for long term and there's so many things that might happen for bitcoin especially if you decide to hold it for many years. I don't know why its not advisable to invest now while the fact anytime you can buy and accumulate. Usually those people saying that they don't advice to buy now doesn't really have confidence on bitcoin and make trading as their daily activity with bitcoin which is again so risky to do.

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August 31, 2024, 01:30:25 PM
 #1382

You don’t sound like someone that knows anything about bitcoin investment. Why will you discourage people not to invest in bitcoin now and say that the price is high. The best time to invest in bitcoin was yesterday and the second best time is today. If you don’t start your investment now, when do you wish to start to accumulate more before the bull run. If you’ve invested in bitcoin when the price is at $58K that you claim to be high, when it’s already in $100K, you’ve made almost x2 of your investment.  It’s just simple, anytime you start is not bad as long as you’re holding for a long term, the value of your money would have appreciated by then. Waiting for the market to fall before investing may be the wrong choice you would ever take, it may not dip further and we may never see this price again when it moves from here. So make hay while the sun shines.

The best time when the price is cheap with the calculation between today and yesterday. If today Bitcoin is traded at a price of $ 59,000, then the best time is when the price of Bitcoin is at the level of $ 57,700.

Correct. And I strongly agreed on this that at any time buying is not a bad action because Bitcoin that is purchased regularly for long -term purposes will be in a profitable position if it is assessed from the aspect of price only. I don't really care about market conditions before the new ATH is achieved is the best time to buy.

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August 31, 2024, 03:27:44 PM
 #1383

Quote from: 348Judah
Everyone investing in bitcoin should be getting ready gradually, because sometimes whenever the market seems unpredictable is signal on its own, that there await a bull ahead but first creating a buzz amidst the investors and traders who could not hold their emotions or asset in times like this, am still very positive that something nice is cooking already for the bull market because we will soon be lay on the roadmap to 100k bitcoin price soon, just hodl and invest now.

Once you make your decision to embrace Bitcoin investment, you must get ready all the time, because anything can happen to the market anytime either negative or positive which you need to take advantage of one to achieve your goal in the nearest future. I think, many investors know that something good is going to happen before the end of this year, because if you look around the market right now, you will know that the price of Bitcoin is still increasing to give investors hope that something good can still flow for long term holders and short term holders to release their Bitcoin for sale. I will not advice anyone to invest in Bitcoin right now, because the price is high which it will not allow such investors to make a good income when the price reach $100,000 soon, but I can advice those investors that purchased Bitcoin when the price was $20,000 to continue holding their Bitcoin, because the bullish season that will lead to $100,000 will soon manifest for holders to smile again.

Your write up seems to be very complicated because at some point you are making a sense while in some areas you are saying a different thing. The first line of your statement is good because you are trying to talk about the risks analysis of making investments which Bitcoin is included, yeah basically all investments have their own risks of which every investor should think about the risks involved in the kind of investment they want to do but for Bitcoin investments, the risks of losing your money is minimal because when they price falls it gradually rises again and maintains a balance unlike some coin that falls and don't recover back.
        Definitely we are optimistic about what the price of Bitcoin would be before the year ends but that should not be our major priority.
Talking about short term hodlers releasing their Bitcoin for sale is just a trading strategy and it is not advisable to learn the habits of selling your Bitcoins.
         Saying that you don't advise anyone to invest in Bitcoin now simply because the price is high don't make sense to me at all because the only people who thinks about the price of Bitcoin being too high are always those traders who invest for short term profits but for an investor who has a long term hodling mindset, they will always buy Bitcoin at any price so far as they have the discretionary amount to invest at any period of time.

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August 31, 2024, 04:48:33 PM
Merited by Jewan420 (2), Antonil (2), JayJuanGee (1)
 #1384

You don’t sound like someone that knows anything about bitcoin investment. Why will you discourage people not to invest in bitcoin now and say that the price is high. The best time to invest in bitcoin was yesterday and the second best time is today. If you don’t start your investment now, when do you wish to start to accumulate more before the bull run. If you’ve invested in bitcoin when the price is at $58K that you claim to be high, when it’s already in $100K, you’ve made almost x2 of your investment.  It’s just simple, anytime you start is not bad as long as you’re holding for a long term, the value of your money would have appreciated by then. Waiting for the market to fall before investing may be the wrong choice you would ever take, it may not dip further and we may never see this price again when it moves from here. So make hay while the sun shines.

The best time when the price is cheap with the calculation between today and yesterday. If today Bitcoin is traded at a price of $ 59,000, then the best time is when the price of Bitcoin is at the level of $ 57,700.

Correct. And I strongly agreed on this that at any time buying is not a bad action because Bitcoin that is purchased regularly for long -term purposes will be in a profitable position if it is assessed from the aspect of price only. I don't really care about market conditions before the new ATH is achieved is the best time to buy.

I don't pick a best time to buy bitcoins. For me anytime is the best time to buy. But for long-term investment, I consider it a profitable time to buy Bitcoin when the price of Bitcoin declines a bit. Because at that time I get the opportunity to buy more bitcoins at a lower price which helps to accumulate more bitcoins in my portfolio.

I have seen many people who panic when the price of Bitcoin drops. I don't know why they panic  Huh if they have invested for long term then what is the reason for them to panic when the price drops? Because they have to wait much longer for the sale price, the current price is not their sale price. In case of sale, their profit or loss will not be calculated on the current price. I think long-term investors don't panic about price drops, gamblers panic about price drops.

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August 31, 2024, 06:12:45 PM
Merited by JayJuanGee (1), Miles2006 (1), Stablexcoin (1)
 #1385

This was the feeling I got when I had about bitcoin it made me thinking how could I invest in something that worthy about $60k
But time goes on I did learn about it how and how it was been sold in smaller part and units honestly speaking most newbies out there are still having same ideas about bitcoin, using my self as an example I wish I was not curious on how it works I could have loss interest in it.

In today's Bitcoin was below $60K and now it has also returned to that price range so you and other beginners can use an opportunity like now to buy Bitcoin and use it as a long-term investment for yourself and so on for other beginners. Because of the many discussions about Bitcoin that have been in this forum and that have been widely spread outside this forum, you should no longer be curious about how it works because historically Bitcoin has always been better after a price drop. So use this opportunity that is still there before you feel regret and remember it (the price of $60K) when you see the price of $80K in the future.
As a beginner of course they must first learn about how to be able to store their assets properly
You are not 100% right on this.
The reason why I said so is because while you are looking forward to understand how to secure your wallet seed phrase you might have missed good opportunities that you were supposed to use and accumulate Bitcoin either with lump sum strategy, DIP or DCA method. The issue of knowing how to secure your seed wallet is a thing that you can learn in due process, and as long as you have written your seed phrase down you can also figure out how to protect it temporary.
If not that an exchange is not trusted to keep Bitcoin for long (like a month time), you can buy Bitcoin from there and leave it there for a few days, by then you might have figured out how to secure your wallet, then you can send it from the exchange to your wallet.
Quote
anyone who wants to take advantage of this opportunity of course they must have the preparation of funds that they can maintain in the long term.
Actually, as long as the investor have a source of income he can invest on Bitcoin, but if the source of income is not providing much money at the end of the week or month, the investor should choose to use DCA method to invest on Bitcoin because with DCA method the person can decide to invest with little amount that he can afford so that he won't run out of funds before another salary comes in.

 
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August 31, 2024, 06:30:35 PM
 #1386

You don’t sound like someone that knows anything about bitcoin investment. Why will you discourage people not to invest in bitcoin now and say that the price is high. The best time to invest in bitcoin was yesterday and the second best time is today. If you don’t start your investment now, when do you wish to start to accumulate more before the bull run. If you’ve invested in bitcoin when the price is at $58K that you claim to be high, when it’s already in $100K, you’ve made almost x2 of your investment.  It’s just simple, anytime you start is not bad as long as you’re holding for a long term, the value of your money would have appreciated by then. Waiting for the market to fall before investing may be the wrong choice you would ever take, it may not dip further and we may never see this price again when it moves from here. So make hay while the sun shines.
The best time when the price is cheap with the calculation between today and yesterday. If today Bitcoin is traded at a price of $ 59,000, then the best time is when the price of Bitcoin is at the level of $ 57,700.

Correct. And I strongly agreed on this that at any time buying is not a bad action because Bitcoin that is purchased regularly for long -term purposes will be in a profitable position if it is assessed from the aspect of price only. I don't really care about market conditions before the new ATH is achieved is the best time to buy.

If you are a newbie to bitcoin (and perhaps even in your first whole cycle of accumulating bitcoin, which is 4 years), then you should not be giving any shits whether the BTC price is $57,700 or $59k when you are making your various buys or even entering into BTC for the first time.

The more important part is to get started right away and to figure out a plan in which you are able to buy regularly, such as weekly, and even if you are ONLY able to start out by buying $10 per week, do what you can to continue to buy $10 per week, and then to make sure you understand that you are investing within the limits of your disposable income, which means that it is extra money that you have after you have accounted for your expenses.

Some newbies to bitcoin are more organized and aware of their cashflow than others, and so each newbie should be assessing his own cashflow management skills in order to improve to account for bitcoin's volatility, and perhaps to create a situation in which he can invest into bitcoin in relatively aggressive ways without overdoing it. In the end each person is responsible for his own decisions to invest into bitcoin or not, and if he decides to invest into bitcoin how to go about such accumulation of bitcoin, which seems that if investing is the goal, then the timeline should be 4-10 years or longer for each time that he buys and perhaps to figure out a strategy to start out buying with either DCA and/or lump sum and perhaps to add buying on dip into the accumulation strategies, even though DCA does seem to work best for newbies, yet if any newbie is able to frontload his investment into bitcoin, then frontloading creates more options, since a regular DCA strategy can take many years to build up a decently sized bitcoin portfolio.

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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August 31, 2024, 08:21:01 PM
 #1387

You don’t sound like someone that knows anything about bitcoin investment. Why will you discourage people not to invest in bitcoin now and say that the price is high. The best time to invest in bitcoin was yesterday and the second best time is today. If you don’t start your investment now, when do you wish to start to accumulate more before the bull run. If you’ve invested in bitcoin when the price is at $58K that you claim to be high, when it’s already in $100K, you’ve made almost x2 of your investment.  It’s just simple, anytime you start is not bad as long as you’re holding for a long term, the value of your money would have appreciated by then. Waiting for the market to fall before investing may be the wrong choice you would ever take, it may not dip further and we may never see this price again when it moves from here. So make hay while the sun shines.

The best time when the price is cheap with the calculation between today and yesterday. If today Bitcoin is traded at a price of $ 59,000, then the best time is when the price of Bitcoin is at the level of $ 57,700.
Are you saying that a new investor without any bitcoin should not buy bitcoin till the price dips to 57k+, that is a wrong way of starting your bitcoin investment because what if the price did not dip to that amount, do you mean that the new investor should've keep on waiting when he has the money to buy right away. This is the problem that some people have, they want Thebes price of bitcoin to come down to their own price before buying.

Since the new investor is buying and investing for long term, there is no need to selecting which price you will buy bitcoin, you should start immediately because I don't see it as a wise idea when you have plans of buying bitcoin with DCA regularly, persistent and consistent for 4-10 years and above, because even if bitcoin price is at 70k,80k or 100k,you are not to stop buying since you are using an amount from your discretionary income that will not be a challenge to your financial responsibilities.

Who knows how much bitcoin price will be in 4 years time, will that prevent you from carrying out your DCA ongoing buying practice. It is better a low coiner or no coiner keep buying regardless the price of bitcoin so that he can achieve a good size of bitcoin in future.

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August 31, 2024, 08:48:23 PM
 #1388

Are you saying that a new investor without any bitcoin should not buy bitcoin till the price dips to 57k+, that is a wrong way of starting your bitcoin investment because what if the price did not dip to that amount, do you mean that the new investor should've keep on waiting when he has the money to buy right away. This is the problem that some people have, they want Thebes price of bitcoin to come down to their own price before buying.

Exactly they don't have to wait till the price go down before purchasing bitcoin, this is actually a wrong information to pass out to those who are new to bitcoin. Because if you think you are smart you will just endup missing while waiting for the coin to dip while others are busy accumulating securing a nice portion of bitcoin Stashes you will be busy waiting for the price to drop first (dip) , avd didn't price didn't instead the price kept increasing.

And I  believe alot of people has miss a life changing opportunity due to this acts . Like when the price was around $25k alot folks will be like let the price dip to The price range of $15k but at the end the price rose massively and create a New ATH . While others are still there waiting that's how it will continue to grow as they wait for the dip that may not happen.

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ginsan
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August 31, 2024, 09:45:56 PM
 #1389

Are you saying that a new investor without any bitcoin should not buy bitcoin till the price dips to 57k+, that is a wrong way of starting your bitcoin investment because what if the price did not dip to that amount, do you mean that the new investor should've keep on waiting when he has the money to buy right away. This is the problem that some people have, they want Thebes price of bitcoin to come down to their own price before buying.

Exactly they don't have to wait till the price go down before purchasing bitcoin, this is actually a wrong information to pass out to those who are new to bitcoin. Because if you think you are smart you will just endup missing while waiting for the coin to dip while others are busy accumulating securing a nice portion of bitcoin Stashes you will be busy waiting for the price to drop first (dip) , avd didn't price didn't instead the price kept increasing.

And I  believe alot of people has miss a life changing opportunity due to this acts . Like when the price was around $25k alot folks will be like let the price dip to The price range of $15k but at the end the price rose massively and create a New ATH . While others are still there waiting that's how it will continue to grow as they wait for the dip that may not happen.
The best map in bitcoin accumulation is to accumulate routinely every month or every two weeks or every week and it depends on their concept in the investment journey they do in Bitcoin. Looking at prices in the short term is not a good thing because in the long term target we will continue to buy every stage. Someone who successfully runs a really good investment is someone who is very consistent in accumulating Bitcoin.

Patience and focus on goals are things that must be embedded in making investments. Of course it is very true that many people lose the opportunity to buy because they keep delaying on the grounds that the price will go down again. In fact, the steps they take are of course steps backwards to increase bitcoin ownership in their portfolio. Don't look at the price chart if you are not good at analyzing it, so just focus on routine purchases every week.

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Miles2006
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August 31, 2024, 10:11:52 PM
 #1390

Are you saying that a new investor without any bitcoin should not buy bitcoin till the price dips to 57k+, that is a wrong way of starting your bitcoin investment because what if the price did not dip to that amount, do you mean that the new investor should've keep on waiting when he has the money to buy right away. This is the problem that some people have, they want Thebes price of bitcoin to come down to their own price before buying.

Exactly they don't have to wait till the price go down before purchasing bitcoin, this is actually a wrong information to pass out to those who are new to bitcoin. Because if you think you are smart you will just endup missing while waiting for the coin to dip while others are busy accumulating securing a nice portion of bitcoin Stashes you will be busy waiting for the price to drop first (dip) , avd didn't price didn't instead the price kept increasing.

And I  believe alot of people has miss a life changing opportunity due to this acts . Like when the price was around $25k alot folks will be like let the price dip to The price range of $15k but at the end the price rose massively and create a New ATH . While others are still there waiting that's how it will continue to grow as they wait for the dip that may not happen.
The basic fact about bitcoin investment an investor should not wait rather accumulating bitcoin should be done consistent, missing any chance is not worth the wait meaning investors who wait for bitcoin price to dip they might  end up regretting when they never get to see bitcoin dip. As most people will ask if bitcoin will dip or not and the answer is bitcoin will experience a dip no doubt but that doesn’t give anyone the impression of waiting rather invest now because we might not see previous price range, bitcoin is actually a quality asset so we don’t expect bitcoin to go below rather personally my expectations are firm.

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wmaurik
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September 01, 2024, 07:14:27 AM
 #1391

The basic fact about bitcoin investment an investor should not wait rather accumulating bitcoin should be done consistent, missing any chance is not worth the wait meaning investors who wait for bitcoin price to dip they might  end up regretting when they never get to see bitcoin dip. As most people will ask if bitcoin will dip or not and the answer is bitcoin will experience a dip no doubt but that doesn’t give anyone the impression of waiting rather invest now because we might not see previous price range, bitcoin is actually a quality asset so we don’t expect bitcoin to go below rather personally my expectations are firm.
I also do not expect Bitcoin to go down and always buy when I have the opportunity and extra money that I have left from my work so far because I also have the same opinion as what you said that an investor would be better off continuing to accumulate an asset that he likes rather than having to wait which makes him lose more time. Now Bitcoin is back below $60K which is generally a good thing to buy before Bitcoin goes back above that price this month because the price recovery in Bitcoin is always a very certain thing after a slight price drop in the market.

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September 01, 2024, 09:39:38 AM
 #1392

If you are a newbie to bitcoin (and perhaps even in your first whole cycle of accumulating bitcoin, which is 4 years), then you should not be giving any shits whether the BTC price is $57,700 or $59k when you are making your various buys or even entering into BTC for the first time.
This is a habit promoted by lost opportunities. It is event that history can’t be taken out of a field and the history of Bitcoin especially, having to look at it from its price appreciation which backs holding for a strategy, it’s the very means by which, newbie investors build courage.
It becomes eminent that they try to retract to a lost opportunity which is never coming back, asking some ‘WH’ questions as to, something that cost less, they are having to pay even more for a mere fragment at the now. Giving less attention to the fact that, the Bitcoin bought in its building phase was equally not worth so much.

Quote
The more important part is to get started right away and to figure out a plan in which you are able to buy regularly, such as weekly, and even if you are ONLY able to start out by buying $10 per week, do what you can to continue to buy $10 per week, and then to make sure you understand that you are investing within the limits of your disposable income, which means that it is extra money that you have after you have accounted for your expenses.
which is the important part, having to start. If you don’t start, how do you make up for lost opportunities. Opportunities they say don’t seat around and wait. It’s always on the move, evident in the volatility seen in Bitcoin price. You take it when opportune and not wait around. Price would bloom even before you would know it, correct and bloom again.
cryptoWODL
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September 01, 2024, 10:27:21 AM
 #1393

Are you saying that a new investor without any bitcoin should not buy bitcoin till the price dips to 57k+, that is a wrong way of starting your bitcoin investment because what if the price did not dip to that amount, do you mean that the new investor should've keep on waiting when he has the money to buy right away. This is the problem that some people have, they want Thebes price of bitcoin to come down to their own price before buying.

Exactly they don't have to wait till the price go down before purchasing bitcoin, this is actually a wrong information to pass out to those who are new to bitcoin. Because if you think you are smart you will just endup missing while waiting for the coin to dip while others are busy accumulating securing a nice portion of bitcoin Stashes you will be busy waiting for the price to drop first (dip) , avd didn't price didn't instead the price kept increasing.

And I  believe alot of people has miss a life changing opportunity due to this acts . Like when the price was around $25k alot folks will be like let the price dip to The price range of $15k but at the end the price rose massively and create a New ATH . While others are still there waiting that's how it will continue to grow as they wait for the dip that may not happen.
The basic fact about bitcoin investment an investor should not wait rather accumulating bitcoin should be done consistent, missing any chance is not worth the wait meaning investors who wait for bitcoin price to dip they might  end up regretting when they never get to see bitcoin dip. As most people will ask if bitcoin will dip or not and the answer is bitcoin will experience a dip no doubt but that doesn’t give anyone the impression of waiting rather invest now because we might not see previous price range, bitcoin is actually a quality asset so we don’t expect bitcoin to go below rather personally my expectations are firm.
Why should we wait for the dumping season before buying bitcoins we should use the opportunity to buy bitcoins when we get the opportunity. There are also many investors who wait for every dip season to buy Bitcoin, only to find that Bitcoin rebounds from the price at which they neglected to buy Bitcoin, i.e. the market is bullish instead of dip. As a result, the opportunity they were waiting for does not come in front of them for which they fail to buy bitcoins.

So we have to buy bitcoins in any market situation with a strong investment mindset so that we can enjoy the benefits of every market moment. If we wait for the market dumping then we might regret it if it doesn't happen So regular investment will be fruitful for us.

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Barikui1
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September 01, 2024, 01:31:23 PM
 #1394

Are you saying that a new investor without any bitcoin should not buy bitcoin till the price dips to 57k+, that is a wrong way of starting your bitcoin investment because what if the price did not dip to that amount, do you mean that the new investor should've keep on waiting when he has the money to buy right away. This is the problem that some people have, they want Thebes price of bitcoin to come down to their own price before buying.

Exactly they don't have to wait till the price go down before purchasing bitcoin, this is actually a wrong information to pass out to those who are new to bitcoin. Because if you think you are smart you will just endup missing while waiting for the coin to dip while others are busy accumulating securing a nice portion of bitcoin Stashes you will be busy waiting for the price to drop first (dip) , avd didn't price didn't instead the price kept increasing.

And I  believe alot of people has miss a life changing opportunity due to this acts . Like when the price was around $25k alot folks will be like let the price dip to The price range of $15k but at the end the price rose massively and create a New ATH . While others are still there waiting that's how it will continue to grow as they wait for the dip that may not happen.
The basic fact about bitcoin investment an investor should not wait rather accumulating bitcoin should be done consistent, missing any chance is not worth the wait meaning investors who wait for bitcoin price to dip they might  end up regretting when they never get to see bitcoin dip. As most people will ask if bitcoin will dip or not and the answer is bitcoin will experience a dip no doubt but that doesn’t give anyone the impression of waiting rather invest now because we might not see previous price range, bitcoin is actually a quality asset so we don’t expect bitcoin to go below rather personally my expectations are firm.
Why should we wait for the dumping season before buying bitcoins we should use the opportunity to buy bitcoins when we get the opportunity. There are also many investors who wait for every dip season to buy Bitcoin, only to find that Bitcoin rebounds from the price at which they neglected to buy Bitcoin, i.e. the market is bullish instead of dip. As a result, the opportunity they were waiting for does not come in front of them for which they fail to buy bitcoins.

So we have to buy bitcoins in any market situation with a strong investment mindset so that we can enjoy the benefits of every market moment. If we wait for the market dumping then we might regret it if it doesn't happen So regular investment will be fruitful for us.
The actual fact is that, most investors have fail to understand that their is no wrong time to buy Bitcoin as long as you are a long term holder, just as you rightfully said, those investors that only wait for the dip before they make a purchase of Bitcoin mostly miss a whole lot of buying opportunities, because they most times think that the price of Bitcoin might drop further, but it rebound from there, so they weren't able to buy the dip that they should have bought, so as for me, the best time to buy Bitcoin is now, and using the DCA accumulating strategy is actually the best way to go about it, because you will definitely buy at every price interval and even the lowest part of the dip that someone using lumps sum investment method might miss, so waiting for the value of Bitcoin to dip before making a purchase is not actually ideal too me.











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AprilioMP
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September 01, 2024, 01:43:42 PM
 #1395

The best time when the price is cheap with the calculation between today and yesterday. If today Bitcoin is traded at a price of $ 59,000, then the best time is when the price of Bitcoin is at the level of $ 57,700.
Are you saying that a new investor without any bitcoin should not buy bitcoin till the price dips to 57k+, that is a wrong way of starting your bitcoin investment because what if the price did not dip to that amount, do you mean that the new investor should've keep on waiting when he has the money to buy right away. This is the problem that some people have, they want Thebes price of bitcoin to come down to their own price before buying.

That's not what I said. In my sentence that you quote, I say the best time comparison to buy Bitcoin. I did not say that Bitcoin investors as you mean by what I said above.
Instead I am very agreed with what Jayjuanee said that the price is not too concerned if you want to invest in bitcoin.
I, who has been with Bitcoin for a year, has found an answer why I don't really care about the price, because Bitcoin for me is not only about the price, but the value is a currency.

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September 01, 2024, 02:17:22 PM
Merited by MAKInsaf (1)
 #1396

Are you saying that a new investor without any bitcoin should not buy bitcoin till the price dips to 57k+, that is a wrong way of starting your bitcoin investment because what if the price did not dip to that amount, do you mean that the new investor should've keep on waiting when he has the money to buy right away. This is the problem that some people have, they want Thebes price of bitcoin to come down to their own price before buying.

Exactly they don't have to wait till the price go down before purchasing bitcoin, this is actually a wrong information to pass out to those who are new to bitcoin. Because if you think you are smart you will just endup missing while waiting for the coin to dip while others are busy accumulating securing a nice portion of bitcoin Stashes you will be busy waiting for the price to drop first (dip) , avd didn't price didn't instead the price kept increasing.

And I  believe alot of people has miss a life changing opportunity due to this acts . Like when the price was around $25k alot folks will be like let the price dip to The price range of $15k but at the end the price rose massively and create a New ATH . While others are still there waiting that's how it will continue to grow as they wait for the dip that may not happen.
The basic fact about bitcoin investment an investor should not wait rather accumulating bitcoin should be done consistent, missing any chance is not worth the wait meaning investors who wait for bitcoin price to dip they might  end up regretting when they never get to see bitcoin dip. As most people will ask if bitcoin will dip or not and the answer is bitcoin will experience a dip no doubt but that doesn’t give anyone the impression of waiting rather invest now because we might not see previous price range, bitcoin is actually a quality asset so we don’t expect bitcoin to go below rather personally my expectations are firm.
Why should we wait for the dumping season before buying bitcoins we should use the opportunity to buy bitcoins when we get the opportunity. There are also many investors who wait for every dip season to buy Bitcoin, only to find that Bitcoin rebounds from the price at which they neglected to buy Bitcoin, i.e. the market is bullish instead of dip. As a result, the opportunity they were waiting for does not come in front of them for which they fail to buy bitcoins.

So we have to buy bitcoins in any market situation with a strong investment mindset so that we can enjoy the benefits of every market moment. If we wait for the market dumping then we might regret it if it doesn't happen So regular investment will be fruitful for us.
The actual fact is that, most investors have fail to understand that their is no wrong time to buy Bitcoin as long as you are a long term holder, just as you rightfully said, those investors that only wait for the dip before they make a purchase of Bitcoin mostly miss a whole lot of buying opportunities, because they most times think that the price of Bitcoin might drop further, but it rebound from there, so they weren't able to buy the dip that they should have bought, so as for me, the best time to buy Bitcoin is now, and using the DCA accumulating strategy is actually the best way to go about it, because you will definitely buy at every price interval and even the lowest part of the dip that someone using lumps sum investment method might miss, so waiting for the value of Bitcoin to dip before making a purchase is not actually ideal too me.
I agree with everything you said on your post because a new investor or a low coiner should not think of the dip talk more of waiting for the dip before buying bitcoin because it will limit their chances of getting started immediately, and some might end up being a low coiner after a very long period of time because they were making the wrong decisions on increasing their bitcoin investment for the future.

The only investors that can wait for the dip before buying bitcoin are those investors that their bitcoin investment have reached a certain level that even if they DCA weekly, it will not have any significant increase in value to their bitcoin investment. Such investors can wait for the dip to buy a good amount of bitcoin to add to their bitcoin stash for a significant increase.

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September 01, 2024, 02:43:32 PM
Merited by MAKInsaf (2)
 #1397

You don’t sound like someone that knows anything about bitcoin investment. Why will you discourage people not to invest in bitcoin now and say that the price is high. The best time to invest in bitcoin was yesterday and the second best time is today. If you don’t start your investment now, when do you wish to start to accumulate more before the bull run. If you’ve invested in bitcoin when the price is at $58K that you claim to be high, when it’s already in $100K, you’ve made almost x2 of your investment.  It’s just simple, anytime you start is not bad as long as you’re holding for a long term, the value of your money would have appreciated by then. Waiting for the market to fall before investing may be the wrong choice you would ever take, it may not dip further and we may never see this price again when it moves from here. So make hay while the sun shines.

The best time when the price is cheap with the calculation between today and yesterday. If today Bitcoin is traded at a price of $ 59,000, then the best time is when the price of Bitcoin is at the level of $ 57,700.

Correct. And I strongly agreed on this that at any time buying is not a bad action because Bitcoin that is purchased regularly for long -term purposes will be in a profitable position if it is assessed from the aspect of price only. I don't really care about market conditions before the new ATH is achieved is the best time to buy.

I don't pick a best time to buy bitcoins. For me anytime is the best time to buy. But for long-term investment, I consider it a profitable time to buy Bitcoin when the price of Bitcoin declines a bit. Because at that time I get the opportunity to buy more bitcoins at a lower price which helps to accumulate more bitcoins in my portfolio.

I have seen many people who panic when the price of Bitcoin drops. I don't know why they panic  Huh if they have invested for long term then what is the reason for them to panic when the price drops? Because they have to wait much longer for the sale price, the current price is not their sale price. In case of sale, their profit or loss will not be calculated on the current price. I think long-term investors don't panic about price drops, gamblers panic about price drops.
I try to invest in the same strategy that you invest in. From what I know about investment, I would say that there is no need to allocate specific time for investment, our investment will depend on our money. Basically when we have money then we have to invest in that ratio like now we have more amount of money so we have to invest with that money continuously. But when we have less amount of money then we have to invest little by little but maintain consistency of investment. The Bitcoin market is not stable at all, so it is normal for the market to pump and dump. If the market wasn't fluctuating we wouldn't be investing here as we wouldn't invest in USDT, USDC or any other stablecoin. So why should we get excited after investing in Bitcoin when the price of Bitcoin takes a bit of a dump. At this time we should not get excited and use that time for investment. The more positive thoughts we have about investing, the more likely we are to do well from the investment.

After making the investment we have to sell the investment. Forget such thoughts for now. We have to aim so that we can only increase the amount of our investment. 
There is no loss in investing, but it is a loss to spend that money by selling the investment, so I will try to make my investment in a long-term plan as much as possible.

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September 01, 2024, 07:59:15 PM
 #1398

Are you saying that a new investor without any bitcoin should not buy bitcoin till the price dips to 57k+, that is a wrong way of starting your bitcoin investment because what if the price did not dip to that amount, do you mean that the new investor should've keep on waiting when he has the money to buy right away. This is the problem that some people have, they want Thebes price of bitcoin to come down to their own price before buying.

Exactly they don't have to wait till the price go down before purchasing bitcoin, this is actually a wrong information to pass out to those who are new to bitcoin. Because if you think you are smart you will just endup missing while waiting for the coin to dip while others are busy accumulating securing a nice portion of bitcoin Stashes you will be busy waiting for the price to drop first (dip) , avd didn't price didn't instead the price kept increasing.

And I  believe alot of people has miss a life changing opportunity due to this acts . Like when the price was around $25k alot folks will be like let the price dip to The price range of $15k but at the end the price rose massively and create a New ATH . While others are still there waiting that's how it will continue to grow as they wait for the dip that may not happen.
The basic fact about bitcoin investment an investor should not wait rather accumulating bitcoin should be done consistent, missing any chance is not worth the wait meaning investors who wait for bitcoin price to dip they might  end up regretting when they never get to see bitcoin dip. As most people will ask if bitcoin will dip or not and the answer is bitcoin will experience a dip no doubt but that doesn’t give anyone the impression of waiting rather invest now because we might not see previous price range, bitcoin is actually a quality asset so we don’t expect bitcoin to go below rather personally my expectations are firm.
Why should we wait for the dumping season before buying bitcoins we should use the opportunity to buy bitcoins when we get the opportunity. There are also many investors who wait for every dip season to buy Bitcoin, only to find that Bitcoin rebounds from the price at which they neglected to buy Bitcoin, i.e. the market is bullish instead of dip. As a result, the opportunity they were waiting for does not come in front of them for which they fail to buy bitcoins.

So we have to buy bitcoins in any market situation with a strong investment mindset so that we can enjoy the benefits of every market moment. If we wait for the market dumping then we might regret it if it doesn't happen So regular investment will be fruitful for us.
The actual fact is that, most investors have fail to understand that their is no wrong time to buy Bitcoin as long as you are a long term holder, just as you rightfully said, those investors that only wait for the dip before they make a purchase of Bitcoin mostly miss a whole lot of buying opportunities, because they most times think that the price of Bitcoin might drop further, but it rebound from there, so they weren't able to buy the dip that they should have bought, so as for me, the best time to buy Bitcoin is now, and using the DCA accumulating strategy is actually the best way to go about it, because you will definitely buy at every price interval and even the lowest part of the dip that someone using lumps sum investment method might miss, so waiting for the value of Bitcoin to dip before making a purchase is not actually ideal too me.
I agree with everything you said on your post because a new investor or a low coiner should not think of the dip talk more of waiting for the dip before buying bitcoin because it will limit their chances of getting started immediately, and some might end up being a low coiner after a very long period of time because they were making the wrong decisions on increasing their bitcoin investment for the future.

The only investors that can wait for the dip before buying bitcoin are those investors that their bitcoin investment have reached a certain level that even if they DCA weekly, it will not have any significant increase in value to their bitcoin investment. Such investors can wait for the dip to buy a good amount of bitcoin to add to their bitcoin stash for a significant increase.

Yeah you are right, some people that wants to buy using the lump sum strategy sometimes also wait for a dip so they can buy.
There are things that causes one to wait for a dip.
1. Fear.
Some people always fear that if they buy when Bitcoin is at high price it will never grow more than that and they will be waiting for years in vain and will not like to lose there money so they prefer waiting for the dip.
2. Lack of patience.
Some people don't have patience and because of that they are now involved in short term trading so waiting for the dip is there perfect time to buy so they can sell when it goes back up.
3. Lack of knowledge about Bitcoin history.
People who don't know the history of Bitcoin and who don't the the history of people who has made huge profit from Bitcoin always feel dip is the best but one with good knowledge about all this history will know that one don't have to wait for a dip to happen before he or she will start investing, dip is a delay however some people make money from it which are Bitcoin traders.
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September 01, 2024, 08:25:35 PM
Merited by JayJuanGee (1)
 #1399

Are you saying that a new investor without any bitcoin should not buy bitcoin till the price dips to 57k+, that is a wrong way of starting your bitcoin investment because what if the price did not dip to that amount, do you mean that the new investor should've keep on waiting when he has the money to buy right away. This is the problem that some people have, they want Thebes price of bitcoin to come down to their own price before buying.

Exactly they don't have to wait till the price go down before purchasing bitcoin, this is actually a wrong information to pass out to those who are new to bitcoin. Because if you think you are smart you will just endup missing while waiting for the coin to dip while others are busy accumulating securing a nice portion of bitcoin Stashes you will be busy waiting for the price to drop first (dip) , avd didn't price didn't instead the price kept increasing.

And I  believe alot of people has miss a life changing opportunity due to this acts . Like when the price was around $25k alot folks will be like let the price dip to The price range of $15k but at the end the price rose massively and create a New ATH . While others are still there waiting that's how it will continue to grow as they wait for the dip that may not happen.
The basic fact about bitcoin investment an investor should not wait rather accumulating bitcoin should be done consistent, missing any chance is not worth the wait meaning investors who wait for bitcoin price to dip they might  end up regretting when they never get to see bitcoin dip. As most people will ask if bitcoin will dip or not and the answer is bitcoin will experience a dip no doubt but that doesn’t give anyone the impression of waiting rather invest now because we might not see previous price range, bitcoin is actually a quality asset so we don’t expect bitcoin to go below rather personally my expectations are firm.
Why should we wait for the dumping season before buying bitcoins we should use the opportunity to buy bitcoins when we get the opportunity. There are also many investors who wait for every dip season to buy Bitcoin, only to find that Bitcoin rebounds from the price at which they neglected to buy Bitcoin, i.e. the market is bullish instead of dip. As a result, the opportunity they were waiting for does not come in front of them for which they fail to buy bitcoins.

So we have to buy bitcoins in any market situation with a strong investment mindset so that we can enjoy the benefits of every market moment. If we wait for the market dumping then we might regret it if it doesn't happen So regular investment will be fruitful for us.
The actual fact is that, most investors have fail to understand that their is no wrong time to buy Bitcoin as long as you are a long term holder, just as you rightfully said, those investors that only wait for the dip before they make a purchase of Bitcoin mostly miss a whole lot of buying opportunities, because they most times think that the price of Bitcoin might drop further, but it rebound from there, so they weren't able to buy the dip that they should have bought, so as for me, the best time to buy Bitcoin is now, and using the DCA accumulating strategy is actually the best way to go about it, because you will definitely buy at every price interval and even the lowest part of the dip that someone using lumps sum investment method might miss, so waiting for the value of Bitcoin to dip before making a purchase is not actually ideal too me.
I agree with everything you said on your post because a new investor or a low coiner should not think of the dip talk more of waiting for the dip before buying bitcoin because it will limit their chances of getting started immediately, and some might end up being a low coiner after a very long period of time because they were making the wrong decisions on increasing their bitcoin investment for the future.

The only investors that can wait for the dip before buying bitcoin are those investors that their bitcoin investment have reached a certain level that even if they DCA weekly, it will not have any significant increase in value to their bitcoin investment. Such investors can wait for the dip to buy a good amount of bitcoin to add to their bitcoin stash for a significant increase.

Yeah you are right, some people that wants to buy using the lump sum strategy sometimes also wait for a dip so they can buy.
I guess that you are misunderstanding buying with lump sum and buying at the dip. When you are buying with lump sum, it means that you are buying right away irrespective of bitcoin price at that moment. For instance, if you are paid bonus at work and you use the money to buy bitcoin immediately is called lump sum because you don't need to keep the money and be waiting for the dip before buying.

Buying at the dip is when you keep some funds and wait till bitcoin price dips before buying and that is not a good practice for a no coiner or low coiner to use without his DCA going on regularly.

R


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September 01, 2024, 11:12:26 PM
 #1400

some people that wants to buy using the lump sum strategy sometimes also wait for a dip so they can buy.
I guess that you are misunderstanding buying with lump sum and buying at the dip. When you are buying with lump sum, it means that you are buying right away irrespective of bitcoin price at that moment. For instance, if you are paid bonus at work and you use the money to buy bitcoin immediately is called lump sum because you don't need to keep the money and be waiting for the dip before buying.

Buying at the dip is when you keep some funds and wait till bitcoin price dips before buying and that is not a good practice for a no coiner or low coiner to use without his DCA going on regularly.

Actually it somehow apply in that scenario but it really depends on the investor using this method since lots of people commit a mistake for waiting to much on the dip since common scenario happened for individuals who don't have a experience is they got afraid to see more dumps.

Waiting for dip is actually not a bad practice for people who use lumpsum method since actually they can take advantage on that scenario to get more cheaper bitcoins and put all their money intended for investment then wait for long time.

What I think wrong for waiting for dip is people who use DCA method since this will delay their accumulation and they might commit wrong decision if they always thought about wait for a dip is best for them to do. But for sure we can learn a lot more information here since everything is been discussed and its good if we could read different opinion and correction since it can enhance more our knowledge so let see if there's more bright explanation towards this things and lets learn from it.

R


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