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Author Topic: Is It Time to Buy More BTC?  (Read 1310 times)
Nrcewker
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April 25, 2024, 01:05:15 PM
 #201

The next target for the halving is to complete the Bitcoin market, now only waiting for the Bitcoin market to pump. So currently the price of Bitcoin has touched 64k dollars, and now is the best time to buy Bitcoin in the market. At the moment the market is on the verge of dumping so it is better to buy Bitcoin now in anticipation of the next bull market.

Don’t go so much technical my friend. Just go with the basics. We know that Bitcoins are limited in numbers, we also know that day by day the popularity of Bitcoins are increasing, and people are trying hard to accumulate the coins. We know that when an asset is fixed in numbers, and more demand to buy it, then the price of the asset increases in order to meet the demand. Similar things happens with the Bitcoins also. Hence there is no perfect time to buy the coins. If you have money to buy, then just buy it without thinking twice.

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April 25, 2024, 02:32:02 PM
 #202

The answer is how confident you are in yourself. If you think now is the right time to buy more Bitcoin, then make a purchase immediately. Bitcoin is one of the most important investments that crypto investors must have, you can buy it at any time as long as your mind says it is the right time. I cannot give a certainty when is the right time to buy more Bitcoin because each individual has a different time in determining the right time depending on investment goals, risk tolerance, and short-term or long-term strategy.

The long-term outlook needs to be considered when you want to buy Bitcoin because the price can experience significant fluctuations in the short term. Long-term planning can help you maintain investment plans and goals to avoid making sudden decisions due to panic caused by price changes, which is why many Bitcoin investors are very interested in its long-term growth potential.

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April 25, 2024, 02:57:19 PM
 #203

The answer is how confident you are in yourself. If you think now is the right time to buy more Bitcoin, then make a purchase immediately. Bitcoin is one of the most important investments that crypto investors must have, you can buy it at any time as long as your mind says it is the right time. I cannot give a certainty when is the right time to buy more Bitcoin because each individual has a different time in determining the right time depending on investment goals, risk tolerance, and short-term or long-term strategy.
In fact, if the main goal is to buy Bitcoin, without having to tell many people, we can immediately buy it if we ourselves already understand the investment objectives, risk tolerance, and the strategy we have determined for what term. Because believe it or not, there are many people out there who have bought Bitcoin without asking or without telling many people when they want to buy it, although before buying Bitcoin they definitely do their own research using various things to increase their own knowledge of Bitcoin.

Quote
The long-term outlook needs to be considered when you want to buy Bitcoin because the price can experience significant fluctuations in the short term. Long-term planning can help you maintain investment plans and goals to avoid making sudden decisions due to panic caused by price changes, which is why many Bitcoin investors are very interested in its long-term growth potential.
If possible, invest in Bitcoin, plan it more in the long term because it is more suitable that way than just for the short term. So if someone is planning a long-term Bitcoin investment, of course there is no need to panic about short-term price corrections on the market, especially if someone has bought a certain amount of Bitcoin at a low price.

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April 25, 2024, 03:31:50 PM
 #204

The next target for the halving is to complete the Bitcoin market, now only waiting for the Bitcoin market to pump. So currently the price of Bitcoin has touched 64k dollars, and now is the best time to buy Bitcoin in the market. At the moment the market is on the verge of dumping so it is better to buy Bitcoin now in anticipation of the next bull market.

Don’t go so much technical my friend. Just go with the basics. We know that Bitcoins are limited in numbers, we also know that day by day the popularity of Bitcoins are increasing, and people are trying hard to accumulate the coins. We know that when an asset is fixed in numbers, and more demand to buy it, then the price of the asset increases in order to meet the demand. Similar things happens with the Bitcoins also. Hence there is no perfect time to buy the coins. If you have money to buy, then just buy it without thinking twice.
Waiting is not be best thing to do, but taking advantage of the market immediately you ha e the money is the best time to buy whether during the dip or not because time waits for no one, and the earlier the better for you to start buying.

Since we are on a long term journey, stashi g up your bitcoin regularly is the best irrespective of bitcoin price, and this is why we must tbi k of using the DCA strategy to keep on accumulating bitcoin for the future. I am still on my regular DCA buying, and I don't bother to allow the market distract me.

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April 25, 2024, 04:03:56 PM
 #205

I also think this price drop may present a good buying opportunity for someone looking to DCAing and I'm also looking to buy more BTC especially since BTC's price is low and there's zero fees on Bitget. Of course, as with any investment, only put in what you can afford to lose. 

So, even if it dips further short-term, history tells us Bitcoin tends to go up in the long run.
Dip doesn't give any advantage of going for DCA because you can make your first entry at a dip price and before the next DCA the price skyrocket, dip is just and opportunity to purchase more Bitcoins even if you are still DCAING. Some investors prefers going an all on a dip and just leave the Bitcoin in their portfolio why watching the market prices.
However, dip or no dip bitcoin investment is always more profitable in the long interval of time.

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April 25, 2024, 04:07:19 PM
 #206

I've seen this question or been asked about it so many times since Bitcoin drops down after hitting it's ATH.
Is the dip or price drop our last chance to buy it at a low price?
For me there would always be a price correction whenever the price jumps high, most of us are expecting it to go back up again and climb higher, but we don't know when would that start.

This has been a normal thing in the issue of BTC only new investor can panic about this but old investors don't shake in situation like this but always know that at any corrections there must be a rise at the end, all they need is to buckle their shoe either buy buying and holding more till the actual date of ATH depending on the investor interest towards the market.

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April 25, 2024, 05:26:22 PM
 #207

The answer is how confident you are in yourself. If you think now is the right time to buy more Bitcoin, then make a purchase immediately. Bitcoin is one of the most important investments that crypto investors must have, you can buy it at any time as long as your mind says it is the right time. I cannot give a certainty when is the right time to buy more Bitcoin because each individual has a different time in determining the right time depending on investment goals, risk tolerance, and short-term or long-term strategy.

The long-term outlook needs to be considered when you want to buy Bitcoin because the price can experience significant fluctuations in the short term. Long-term planning can help you maintain investment plans and goals to avoid making sudden decisions due to panic caused by price changes, which is why many Bitcoin investors are very interested in its long-term growth potential.

Bitcoin price currently on correction moment but right time or not depend on how confidence and braveness to buy back bitcoin during after halving always have correction moment. In my opinion, bitcoin have decreasing around 20% of the last all time high price and right now is very good moment to purchase without waiting with correction moment possibility. But spending few percent of your capital to buy back bitcoin few weeks after halving time because to prepare if get another correction moment.

For investor with long term target actually have buy back bitcoin since dropping under $60k and keep hold it until bitcoin make another all time high with potential few months later after halving time. To avoid more correction better buy back bitcoin around few percent of your capital, left few percent to prepare if bitcoin get more correction in the next time.

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April 29, 2024, 09:05:26 PM
 #208

Yes. There is no clear time to buy if you are looking in a long run of which you should, the right moment won't present itself in such a volatile market like Bitcoin. So you keep buying, accumulating more to build your portfolio. Unless you're in for short-term or a Trader I suggest you act based on your plann and confluence, same timebe careful.

Bitcoin is best approachable when you view in a long-run.

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April 29, 2024, 11:40:04 PM
 #209

It's your choice, I font know how long you have been in bitcoin and how much Bitcoin you have already accumulated, but surely if you ard still early or still accumulating then you shoudl be more bothered about buying bitcoin, so yes it's a good time to buy bitcoin.

I can also understand that you might feel that buying now and if this is the highest point then you woudl have to suffer a loss on your portfolio, but that shouldn't matter if you are still early cause the dip is actually an opportunity for you to buy more Bitcoin for yourself.

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April 29, 2024, 11:42:33 PM
 #210

I stack more than 1000 usd in btc every month.

If you don't you are making a mistake.

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April 30, 2024, 02:23:48 AM
 #211

The next target for the halving is to complete the Bitcoin market, now only waiting for the Bitcoin market to pump. So currently the price of Bitcoin has touched 64k dollars, and now is the best time to buy Bitcoin in the market. At the moment the market is on the verge of dumping so it is better to buy Bitcoin now in anticipation of the next bull market.

Don’t go so much technical my friend. Just go with the basics. We know that Bitcoins are limited in numbers, we also know that day by day the popularity of Bitcoins are increasing, and people are trying hard to accumulate the coins. We know that when an asset is fixed in numbers, and more demand to buy it, then the price of the asset increases in order to meet the demand. Similar things happens with the Bitcoins also. Hence there is no perfect time to buy the coins. If you have money to buy, then just buy it without thinking twice.
You are quite right about the limited supply of Bitcoin planned from the onset, but do you think this economics is helping Bitcoin yet? I doubt that. If at all it would help, now is not the time and a good factor to consider is the numerous alternatives to Bitcoin that people might turn to in place of it even at the time it would try to help. The money in the cryptocurrency space is more, but Bitcoin can only take a sectional portion of it and not all, which is a good consideration here if you can think about it insightfully. Furthermore, if you agree with me, Bitcoin has been rising in the past, not because it is scarce, but because people see investment opportunities in it. This is the way I still like you to view it so that you will not make the mistake of the demand.

For a system that will create scarcity to have been put in place when there is still no scarcity of it yet can never help it grow due to it, at least, not for now, so we should wait for that time, and that is if it comes at all. Lastly, the best place to turn to for market guidance is the technical chart, but I wonder why you advise a fellow not to do that. Anything you may view of Bitcoin could be misleading since most are only assumptions, a belief that we hope for. But for the right and immediate guidance, I see no reason why the technical chart should not be turned to.

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May 24, 2024, 09:50:11 PM
 #212

Bitcoin rewrite its ath history this year by hit ath serveral times. And still it is on up trend mood. Yeah it dumped but not that much. And each time it also had recovered asap. I don't know if you should buy more Bitcoin or not but yeah DCA could be best deal with Bitcoin nowadays. But as Bitcoin is on up trend with strong position and it seems it won't go major correction mood, rather due to bull it has chance to pump more higher in upcoming days. So buying Bitcoin won't be a loss project in my opinion.

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May 25, 2024, 08:47:17 PM
 #213

Bitcoin rewrite its ath history this year by hit ath serveral times. And still it is on up trend mood. Yeah it dumped but not that much. And each time it also had recovered asap. I don't know if you should buy more Bitcoin or not but yeah DCA could be best deal with Bitcoin nowadays. But as Bitcoin is on up trend with strong position and it seems it won't go major correction mood, rather due to bull it has chance to pump more higher in upcoming days. So buying Bitcoin won't be a loss project in my opinion.
After the Bitcoin halving, the market is now trending higher, taking a mild correction but then pulling back again. In the current market, many people will not have the courage to invest in Bitcoin. Many people are looking for a big correction in Bitcoin. Many people do not even want to follow the DCA method because many people have limited funds. For those who have an additional source of income, it is applicable. It's always difficult to predict which direction Bitcoin's price will go, but this year Bitcoin is running at a different pace. But I think those who want to prepare for the upcoming bull run in Bitcoin investing should definitely try to buy now.

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May 27, 2024, 03:06:52 AM
 #214

After the Bitcoin halving, the market is now trending higher, taking a mild correction but then pulling back again. In the current market, many people will not have the courage to invest in Bitcoin. Many people are looking for a big correction in Bitcoin. Many people do not even want to follow the DCA method because many people have limited funds. For those who have an additional source of income, it is applicable. It's always difficult to predict which direction Bitcoin's price will go, but this year Bitcoin is running at a different pace. But I think those who want to prepare for the upcoming bull run in Bitcoin investing should definitely try to buy now.
The current market situation is experiencing a mild correction and if someone doesn't have the courage to invest and is waiting for another decline then they could miss the opportunity to buy at the current price and it could be that the market is no longer experiencing a decline but no one yet knows exactly which way it is going. Bitcoin will move and it would be better if we had the financial resources at our disposal so we could make purchases to prepare ourselves for the next increase.

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May 27, 2024, 05:11:48 AM
 #215

I've been watching with interest as Bitcoin has pulled back over the past week after hitting new highs. Part of me wants to accumulate more while the price is down, but I also wonder if we may see it drop further in the short term.
Bitcoin goes through extreme volatility as its price can reach high or low at any time. But one can never predict when it will turn bullish or bearish. A few days ago Bitcoin touched the new ATH which is not to say that another ATH will not touch it. During this period, if a Bitcoin holder does DCA, he will get two benefits, one is to buy at a lower price when the market goes down or bearish, and the other is to benefit from his accumulated wealth when the market is likely to turn bullish. Since the probability of Bitcoin being 100K is very high. So this is still a good time for long-term holders or those looking to buy Bitcoin. If the market dips a bit from here, there will be a chance to recover quickly. Although some speculate that the Bitcoin price will dip further before it gets the new all time high but it won't stable at that price.

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May 27, 2024, 05:53:18 AM
 #216

For now btc is a little bit risky to buy, i see the btc price is now so high and we need a big amount of fiat to buy small amount of btc, maybe we should wait for the price to drop down before we buy because if we buy now and the price of btc drop drastically we maybe in a big lose we need to understand the situation to avoid lose.

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May 27, 2024, 06:52:16 AM
 #217

For now btc is a little bit risky to buy, i see the btc price is now so high and we need a big amount of fiat to buy small amount of btc, maybe we should wait for the price to drop down before we buy because if we buy now and the price of btc drop drastically we maybe in a big lose we need to understand the situation to avoid lose.
Many people besides you are very optimistic about bitcoin, especially in the long term. Bitcoin is in a phase where your mentality and psychology is tested in the short term through price volatility, but if you are patient in the long term then you are a winner.

Some investors who have accumulated 2x profits may have already exited and enjoyed their profits, while others are still holding back and hoping for more profits. Based on their optimism, there is certainly hope to see a higher increase in bitcoin prices so that we will never encounter excessive selling pressure within one to several days.

Your investment advice is certainly very good, but you still need a very wise approach. Don't focus too much on investing and ignore many of your other needs, meaning you have to complete your main priorities first before accumulating more.

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May 28, 2024, 12:59:58 PM
 #218

For now btc is a little bit risky to buy, i see the btc price is now so high and we need a big amount of fiat to buy small amount of btc, maybe we should wait for the price to drop down before we buy because if we buy now and the price of btc drop drastically we maybe in a big lose we need to understand the situation to avoid lose.

What makes it risky to buy?, the drop you are expecting before you buy isn't a wise approach I know we all have different plans and decisions are subjective in terms of Investing, but we need to understand that Bitcoin investment can't be done in this manner, whereby you expect price drop and fretful because the price is high and you don't wanna lose. What if the price drops to your level, and after your purchase it dips again. We just need to avoid gambling Bitcoin prices, That's why we DCA to enable us buy at every market situation excluding one from the expectation of dip and buy more or less gambling.
This will make you miss out opportunities, am not being too optimistic though what if price just surges without dropping, many have experience same and end up regretting sounds like individual present for short term gain without any long term view.

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May 31, 2024, 03:51:44 PM
 #219

For now btc is a little bit risky to buy, i see the btc price is now so high and we need a big amount of fiat to buy small amount of btc, maybe we should wait for the price to drop down before we buy because if we buy now and the price of btc drop drastically we maybe in a big lose we need to understand the situation to avoid lose.
Since bitcoin is a long-term investment, trying to time the market to accumulate bitcoin in a dip will delay your bitcoin accumulation journey. You can use the DCA strategy to accumulate bitcoin either weekly or monthly, whenever your money is readily available. The DCA strategy will allow you to accumulate bitcoin without waiting for it to dip before you can do so. With the DCA strategy, you can even accumulate bitcoin when it's increasing or decreasing, and it will also control your emotions.
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June 01, 2024, 12:39:16 AM
 #220

I also have a question for you, do you have enough bitcoin or how well have you been accumulating bitcoin if you haven't then it's time to buy bitcoin and the price of bitcoin should be the least of your concern now, consider using the DCA strategy if you are  beginner you can worry less about volatility with it .

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