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Author Topic: When is it right to invest in Bitcoin?  (Read 868 times)
Iranus
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May 16, 2024, 09:05:10 AM
 #101

Investing in bitcoin is not something you can just start doing, proper knowledge and planning is needed. Knowing that it is best invested as a short term for beginners like me and long term for experience investors so as to make profit. As an investor, one need to have other means of earnings in other not to stagger when unforeseen occurrences comes like in the bear market(period when bitcoin price falls). Knowing all of these, my questions are:
-When is it the right time to invest in bitcon?
The best time to invest in Bitcoin is every dumping.  Investing in Bitcoin does not require a lot of knowledge or research.  Investing in Bitcoin requires you to have patience and enough funds to invest that you don't have to use in your day-to-day operations. Because after investing in Bitcoin, you have to accept it as a long-term investment and hold it until it exceeds your target, then you will get a good quality profit.

But when bitcoin corrects or is dumped and we don't have the money to buy, is this the best time to buy? In my opinion, the best time to buy bitcoin is when you are willing to take the risk, you have the money then that is the best time for you to buy bitcoin.

In addition, we need to have at least basic knowledge about it before investing because we will not be able to hold bitcoin for long, you will not be able to hold it until it is profitable without knowledge. Holding bitcoins until you make profits or achieve your goals is not easy and to do so requires knowledge, no one can hold it without knowledge.
Quote
-How can one start planning?
I don't have any additional plans to invest in Bitcoin and I don't think I need to. I prefer to continue investing only by following the DCA method

Likewise, to have faith in bitcoin, we need to have knowledge about it. Without knowledge, how can you confidently buy bitcoin (DCA) daily and monthly?

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May 16, 2024, 09:19:58 AM
 #102

There is always the question of when is the right time to buy Bitcoin.
And it is best to study and understand Bitcoin well first, see its footprint and also see your ability to buy Bitcoin. And with all that, you can judge when is the right time to buy Bitcoin, because in my opinion the best choice is to buy Bitcoin when you have funds within your means and whatever the amount is using money that you can afford to lose.
And every person or investor has a different strategy by buying DCA, buying dips and so on, but if the goal is for the long term everything will be fine because the long term is the best choice to generate profits in the future.

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May 16, 2024, 09:34:57 AM
 #103

There is always the question of when is the right time to buy Bitcoin.
And it is best to study and understand Bitcoin well first, see its footprint and also see your ability to buy Bitcoin. And with all that, you can judge when is the right time to buy Bitcoin, because in my opinion the best choice is to buy Bitcoin when you have funds within your means and whatever the amount is using money that you can afford to lose.
And every person or investor has a different strategy by buying DCA, buying dips and so on, but if the goal is for the long term everything will be fine because the long term is the best choice to generate profits in the future.

I just picked out something of a great Importance from your statement. The idea of studying Bitcoin properly and also observing it's footprint, gives a proper understand of dip and price hike. When the knowledge of price fluctuation is there, it would be easy for someone to capitalize on any form of dip as long as the dip is below the current average price.

As long as Bitcoin is concerned, the importance of understanding Bitcoin (necessary knowledge) should not be omitted. And also, DCA method is also a good idea especially when the investor has a consistent flow of income. If I were to be the investor, I would choose the DCA method when there is a consistent flow of income, or capitalize on dip when I actually save up for it. Just as you've said, the DCA method is suitable for a long term investment and I would take that.
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May 16, 2024, 09:42:53 AM
 #104

-When is it the right time to invest in bitcon?
-How can one start planning?
-How do you follow up your bitcoin investment and other businesses?
-What are the assurance that you are ready?

Before continuing with investment actions in Bitcoin, knowing more details about the storage wallet must be a priority. The Bitcoin wallet is the most sacred place in investing in Bitcoin because assets can be lost if you ignore knowledge about the wallet.
When knowledge about storage wallets is well and correctly understood, then learning to know about Bitcoin investment and all these questions can be done over time as long as you have the time to do it.

Generally, the answer we often hear is buy when prices are low and sell when prices are high.
For me, long-term Bitcoin investment can be recommended. Investments in Bitcoin can be done regularly using the DCA method.

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May 16, 2024, 10:31:59 AM
 #105

There is always the question of when is the right time to buy Bitcoin.
And it is best to study and understand Bitcoin well first, see its footprint and also see your ability to buy Bitcoin. And with all that, you can judge when is the right time to buy Bitcoin, because in my opinion the best choice is to buy Bitcoin when you have funds within your means and whatever the amount is using money that you can afford to lose.
And every person or investor has a different strategy by buying DCA, buying dips and so on, but if the goal is for the long term everything will be fine because the long term is the best choice to generate profits in the future.
yes, the best time is when the capital we have is ready to buy bitcoin, and at that time it is the right time. The DCA method is usually the right thing when someone intends to buy bitcoin. This is because, when someone thinks too long, they will become doubtful, and sometimes cancel their intention to invest. So, when your intention is there, and your capital is there, then starting to buy at that time is the right time.

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May 16, 2024, 05:22:40 PM
 #106

There's no perfect time to buy Bitcoin. The most important thing is have enough information to guide your investment. If you don't have the right guidance, mistake will definitely be inevitable.
Many jump into buying bitcoin without a clearly defined plan.
It's a good thing you are asking questions.
The most appropriate time to invest in Bitcoin is when you already have cold money that is not used for other needs and are mentally, emotionally and patiently prepared when the market experiences a correction. For beginner traders or investors, they need to study guidelines for investing in Bitcoin to avoid mistakes that result in financial risks for assets, but for investors who already know Bitcoin closely, what they need is their own readiness and financial support to carry out their plans. Bitcoin is digital gold, the more you save, the greater your potential for making large profits.


Definitely, investment must be made with spare cash otherwise you will run into problem.
Every form of investment have their secrets and it is imperative as an investor to know these secrets. For Bitcoin, for instance an investor needs to understand that the price doesn't remain up, there are times when the price will dip, sand if you are not mentally prepared, you might end up selling off in panic.

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May 17, 2024, 02:39:37 PM
 #107

Definitely, investment must be made with spare cash otherwise you will run into problem.

Better yet, you can set aside a percent of your money just for investment solely. Earn and really try to work towards your goal instead of only investing the bare minimum. If you can go buy more then why not?

Don’t just put scraps or leftovers towards bitcoin as it deserves more than that. It is a valuable asset that could potentially make you a millionaire

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May 17, 2024, 02:45:07 PM
 #108

people think it's too complicated when they want to invest in bitcoin, but what they need to know is that they need to understand the risks of investing in bitcoin and learn how to invest correctly. and after that they can invest straight away, there is no need to think too deeply about risk management, when is the right investment time, strategy, etc., because as a beginner that is not necessary, especially when what you are investing is only 100 or 200 usd. just learn to hold a little bitcoin, and while investing you can learn the things you need to learn.

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May 17, 2024, 04:41:46 PM
 #109

people think it's too complicated when they want to invest in bitcoin, but what they need to know is that they need to understand the risks of investing in bitcoin and learn how to invest correctly. and after that they can invest straight away, there is no need to think too deeply about risk management, when is the right investment time, strategy, etc., because as a beginner that is not necessary, especially when what you are investing is only 100 or 200 usd. just learn to hold a little bitcoin, and while investing you can learn the things you need to learn.
Understanding the risks before deciding to invest is of course very important so that we don't make the wrong decision on the investment we are going to make because without understanding at all the risks of the investment we are going to make, there is a big possibility that we will make a mistake that will result in us experiencing a loss on the investment. , for those who are new to Bitcoin and trying to invest, of course they must first understand how to buy it and be able to survive in the long term and if they can do it consistently, of course they will be able to get a profit from the investment they make.

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May 17, 2024, 08:08:03 PM
 #110

people think it's too complicated when they want to invest in bitcoin, but what they need to know is that they need to understand the risks of investing in bitcoin and learn how to invest correctly. and after that they can invest straight away, there is no need to think too deeply about risk management, when is the right investment time, strategy, etc., because as a beginner that is not necessary, especially when what you are investing is only 100 or 200 usd. just learn to hold a little bitcoin, and while investing you can learn the things you need to learn.
Investing first and learning later isn't the right approach. Even though it's a known fact that Bitcoin is the best cryptocurrency ever created and it has been one of the best investment assets in the world for the last few years based on its growth potential, it is still important for a person to make sure they do some research about it so that they know it more clearly and closely before they invest their money in it.

If a person buys Bitcoin with all their capital at once and then start researching only to find out that there is a method called DCA where one would buy only with a portion of their capital at one price point so that they can get to buy more if the price drops. What's the point? It could make sense if they had done research before so that they could know this before making their investment.

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May 17, 2024, 08:13:22 PM
 #111

people think it's too complicated when they want to invest in bitcoin,

Well to store bitcoin the right way and learn everything that you should learn before purchasing the first time is quiete complicated to be honest.
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May 17, 2024, 08:17:58 PM
 #112

There is always the question of when is the right time to buy Bitcoin.
And it is best to study and understand Bitcoin well first, see its footprint and also see your ability to buy Bitcoin. And with all that, you can judge when is the right time to buy Bitcoin, because in my opinion the best choice is to buy Bitcoin when you have funds within your means and whatever the amount is using money that you can afford to lose.
And every person or investor has a different strategy by buying DCA, buying dips and so on, but if the goal is for the long term everything will be fine because the long term is the best choice to generate profits in the future.
Know and understand well what is bitcoin and how you’ll make it work as an investment. Increase your knowledge and learn from the experience of early investors, with that, you can evaluate yourself if you are also capable to invest and make significant profits. Don’t be blinded by immediate profits, but focus first on how you will turn the risk into profits. If you can do that, most probably you can say to yourself that you are ready enough to invest in bitcoin provided you also have sufficient amount willing to lose.

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May 17, 2024, 08:48:51 PM
 #113

When you've got the disposable income to do so, that's the right time to buy bitcoin. No matter what the price may be, if you've got your long-term investment in mind, I think that you'd be surprised at how easy it is to just invest and not worry about what is the current price of bitcoin, you would be doing fine with it no matter because even if you've invested at a peak price and then the price goes down so low, with a long-term mindset, you wouldn't be worried about it instead you would be buying yourself more bitcoin since the prices are much lower and you will get more value with your money with a consistent investment.



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May 17, 2024, 09:47:50 PM
 #114

-When is it the right time to invest in bitcon?
-How can one start planning?
-How do you follow up your bitcoin investment and other businesses?
-What are the assurance that you are ready?

Before continuing with investment actions in Bitcoin, knowing more details about the storage wallet must be a priority. The Bitcoin wallet is the most sacred place in investing in Bitcoin because assets can be lost if you ignore knowledge about the wallet.
When knowledge about storage wallets is well and correctly understood, then learning to know about Bitcoin investment and all these questions can be done over time as long as you have the time to do it.

Generally, the answer we often hear is buy when prices are low and sell when prices are high.
For me, long-term Bitcoin investment can be recommended. Investments in Bitcoin can be done regularly using the DCA method.
For me, everyday is a good buy with bitcoin, knowing your goal is to invest for long term. Don’t complicate things, just focus on your goal. Don’t be too much obsessed with price dips and correction, even if you missed them, what’s more important is that you never fail to invest and follow it with DCA. They say price dips and  price corrections are the best opportunities to invest in bitcoin, but in reality, bitcoin’s opportunities are limitless, so feel free to invest regardless of the price, but be mindful when to sell your coins so you can make it massive with bitcoin.

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May 17, 2024, 11:11:50 PM
 #115

Ask yourself when are you gonna be ready.
People be thinking what price point will they be maaking an entry and once it's around the corner they'd make another target and will be missing it all eventually. The price pattern or behavior of Bitcoin is simple; it will either go up or down. There's no perpeft price entry, just right time to be prepared of any price behavior. Investing at $60k market value is the same as with $20k but profit vaties of course, just the idea. If you truly believe that ots market value will reach $100k then any price entry below this, will be a good call. Waiting for a dip would be best of course however the market is unpredictable and it may skyrocket at anytime; be sure to be prepared of this.
When you've got the disposable income to do so, that's the right time to buy bitcoin. No matter what the price may be, if you've got your long-term investment in mind, I think that you'd be surprised at how easy it is to just invest and not worry about what is the current price of bitcoin, you would be doing fine with it no matter because even if you've invested at a peak price and then the price goes down so low, with a long-term mindset, you wouldn't be worried about it instead you would be buying yourself more bitcoin since the prices are much lower and you will get more value with your money with a consistent investment.
Financial capacity indeed is a factor. It is also easy to make plans and such but if your risk appetite and financial  capability won't be meeting it, then nothing wil happen. This investment does not require any amount to start with, just an amount you'd be fine staying on your crypto wallet and without any plans to pull it out unless you're satisfied already.

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May 18, 2024, 12:23:13 AM
Last edit: May 18, 2024, 12:37:53 AM by cryptoWODL
 #116

-When is it the right time to invest in bitcon?
-How can one start planning?
What is bitcoin and how to invest in bitcoin before you gain knowledge about the process and make yourself experienced about it. Many people may think that investing in Bitcoin is too complicated, they need to understand the risks of investing in Bitcoin or how to properly invest. I don't have a specific time limit to invest in Bitcoin because I invest in Bitcoin whenever I get the chance. But when the price of Bitcoin is dumping, every dumping creates more opportunities to invest in Bitcoin.

To invest in Bitcoin we need to plan properly in advance and we need to have cash capital. If you prepare yourself to invest in bitcoins, you can buy more bitcoins at once if you have a large amount of money. Again, if you don't have a lot of money at once, if you have a source of income, you will be able to continue investing your bitcoins on a regular dollar cost averaging basis with the money earned from that. If you expect more profit in the short term by investing in Dollar Cost Averaging method then it is wrong because investing in this method requires you to have patience for long term.

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May 18, 2024, 03:36:09 AM
 #117

-When is it the right time to invest in bitcon?
-How can one start planning?
What is bitcoin and how to invest in bitcoin before you gain knowledge about the process and make yourself experienced about it. Many people may think that investing in Bitcoin is too complicated, they need to understand the risks of investing in Bitcoin or how to properly invest. I don't have a specific time limit to invest in Bitcoin because I invest in Bitcoin whenever I get the chance. But when the price of Bitcoin is dumping, every dumping creates more opportunities to invest in Bitcoin.

To invest in Bitcoin we need to plan properly in advance and we need to have cash capital. If you prepare yourself to invest in bitcoins, you can buy more bitcoins at once if you have a large amount of money. Again, if you don't have a lot of money at once, if you have a source of income, you will be able to continue investing your bitcoins on a regular dollar cost averaging basis with the money earned from that. If you expect more profit in the short term by investing in Dollar Cost Averaging method then it is wrong because investing in this method requires you to have patience for long term.
The main step in investing in Bitcoin is that we must have good knowledge about Bitcoin, because there are many examples where people are disappointed after investing because of their lack of knowledge about Bitcoin. once we know the risks and rewards of investing in bitcoin, then we can plan the purchase, because of course there will be a good area to make a purchase, so that we get more bitcoin, and of course patience is the main key to success, considering the bitcoin market very volatile

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May 18, 2024, 07:21:11 AM
 #118

always the right time
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May 18, 2024, 12:24:38 PM
 #119

Investing in bitcoin is not something you can just start doing, proper knowledge and planning is needed. Knowing that it is best invested as a short term for beginners like me and long term for experience investors so as to make profit. As an investor, one need to have other means of earnings in other not to stagger when unforeseen occurrences comes like in the bear market(period when bitcoin price falls). Knowing all of these, my questions are:
-When is it the right time to invest in bitcon?
-How can one start planning?
-How do you follow up your bitcoin investment and other businesses?
-What are the assurance that you are ready?


It is left for you to know when is right and comfortable for you to invest in Bitcoin. Because of the difference in our responsibilities, we can never have the same comfortable time to invest in Bitcoin. Invest when you don't have some money to save and you have determined to save that money for a long time. Also, invest when you have another river to fetch income, if you have another place to get income you will hold your Bitcoin for a long time.

Start planning when you start earning consistently.

You don't have follow up your Bitcoin invest because it doesn't cost you any stress like other business. What you only owe to your Bitcoin is a provide tight security so that you will not lose it.

When you are ready, you will know.

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May 18, 2024, 12:31:07 PM
 #120

Those who want to invest in Bitcoin must always have a long-term investment plan in Bitcoin before investing because if you are too hasty to invest then you will not be able to make much profit from that investment. Investors who are new to Bitcoin may think that investing in Bitcoin will make them an overnight millionaire. It will be your wrong decision if you have invested in the addiction of becoming an overnight millionaire. Of course you will get high profit from Bitcoin but you have to wait for it and you have to have a long term plan for it. Investing in Bitcoin We have to be patient if we can patiently check the market and invest with a long term plan then surely we can be one of those who earn money through Bitcoin in the future. We have to wait for Bitcoin to change people's fortunes through investment, we can't rush it, if we can invest without haste, our fortunes will definitely change.

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