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Author Topic: When is it right to invest in Bitcoin?  (Read 935 times)
Lucas*
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May 18, 2024, 12:41:40 PM
 #121

Actually there's no exact time to buy bitcoin well it always depend with some variable that can affect the price like halving or rumours of new collaboration with american banks or somethings like this . Also wars and Tensions in the Middle East Can affect positivly the price . Always buy the dip
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May 18, 2024, 01:43:40 PM
 #122

I'd say there is no "best time" to buy Bitcoin. Buy whenever there is a dip and learn yourself to sit on it.  Grin I run the same tactics in stock market and it should pay off.  Smiley
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May 18, 2024, 01:43:56 PM
 #123

Actually there's no exact time to buy bitcoin well it always depend with some variable that can affect the price like halving or rumours of new collaboration with american banks or somethings like this . Also wars and Tensions in the Middle East Can affect positivly the price . Always buy the dip

I totally agree with you there's no exact time to buy bitcoin, talking about variable I think that is the main reason why most people think that there's always a specific time to buy bitcoin.  as long as crypto market is concerned  there's no stability in the price of bitcoin, sometimes it might be due to halving unlike as you said earlier. However I think there's no specific time to buy bitcoin, except you don't have capital to invest, but if you have enough capital you can invest in your convenience time.

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May 18, 2024, 02:19:12 PM
 #124

-When is it the right time to invest in bitcon?
Yesterday and today are the best times to invest in Bitcoin if you haven't already.

-How can one start planning?
Prepare a cold wallet and make investments using the DCA method.

-How do you follow up your bitcoin investment and other businesses?
Distribution of the amount of money that will be allocated to Bitcoin and other businesses.

-What are the assurance that you are ready?
The money allocated for Bitcoin investment will not interfere with other needs because Bitcoin investment is done with full awareness. That's a guarantee of readiness.

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May 18, 2024, 02:46:29 PM
 #125

The opportunity to buy super cheap coins is long gone and we are never going back in time!!!

But that doesn't mean we can not invest in Bitcoin today, because as far as I know, we don't have the right or wrong time to invest in crypto...if resources allow you to invest today go ahead and buy some BTC, if resources to invest will be available 6months from now that can also work..the only important thing is the first step of jumping on the Bitcoin boat is done and the rest is history.

Btw, at this point we should be talking about buying strategies as this topic of when is the right time has been discussed several times and we must on the topic of diversifying our portfolios and the alike...

 
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May 18, 2024, 03:43:59 PM
 #126

Invest as soon as possible if you have extra income. Don't wait until you start, if you can start now, why not. Use cold money if you want to invest in bitcoin, if you think the additional income is sufficient use the DCA method I think it will be very helpful, buy weekly or monthly set aside your money, slowly but surely don't be too pushy because it will be very risky. because investing in bitcoin is a long-term investment,
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May 18, 2024, 06:16:28 PM
 #127

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.

Exactly if a person has money and also wants to put it into Bitcoin then he should not think deeply because in such situations he always tries to wait to see more reduction in price and when the price surges a little bit then he cancels the idea of investing in Bitcoin. I think if one wants to buy Bitcoin then he should not be so doubtful that he cannot realise the better time to invest.

We have to invest by accepting the current price without waiting for further decrease because with such hope we never become able to invest in Bitcoin and when price goes higher then we regret our past ignorance.



 

 

 

 

 

 


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May 18, 2024, 06:28:10 PM
 #128

-When is it the right time to invest in bitcon?
When you are financially stable then you can start investing the DCA way and it will be a long-term accumulation - that's what I've been doing until now.

-How can one start planning?
Yes you have to have a good plan but for me starting first is better.

-How do you follow up your bitcoin investment and other businesses?
It will be separate, investing will continue and I will not leave the other business because it is a source of income that must be increased because with business we can get better profits.

-What are the assurance that you are ready?
Be emotionally ready, be patient, don't panic and keep it up, most importantly guarantee you have an emergency fund.

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May 18, 2024, 07:11:04 PM
 #129

Invest as soon as possible if you have extra income. Don't wait until you start, if you can start now, why not. Use cold money if you want to invest in bitcoin, if you think the additional income is sufficient use the DCA method I think it will be very helpful, buy weekly or monthly set aside your money, slowly but surely don't be too pushy because it will be very risky. because investing in bitcoin is a long-term investment,
You are not pressured to invest in Bitcoin you can start smoothly. You must acquire proper knowledge about the Bitcoin market in order to invest in different ways. After making a bitcoin investment, when you see that the bitcoin is going down, you must boldly hold your bitcoin investment. The right time to invest in Bitcoin will be when you master the investment methods like you said DCA method, then you don't need to be told to invest in Bitcoin now, you can decide for yourself when to do it. One thing to keep in mind at all times is to hold onto your bitcoins until you reach the target.
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May 18, 2024, 07:17:12 PM
 #130

I totally agree with you there's no exact time to buy bitcoin, talking about variable I think that is the main reason why most people think that there's always a specific time to buy bitcoin.  as long as crypto market is concerned  there's no stability in the price of bitcoin, sometimes it might be due to halving unlike as you said earlier. However I think there's no specific time to buy bitcoin, except you don't have capital to invest, but if you have enough capital you can invest in your convenience time.
hmm right!
There might not be a specific time since no one can perfectly time the market so there is no point in waiting, but there are specific methods for specific times when you wish to invest. Let's take the current price as an example, now if someone wants to buy Bitcoin when the price of Bitcoin is above $66k which is a very high price, they would think that maybe they should wait for the price to drop before they buy because it is currently too high.

They don't need to wait, all they need is to apply a method, and we use the DCA method in such situation. The DCA method is used to buy an asset with a portion of your capital at a certain price point and keep the remaining capital with you, when the price drops in the future, you can use the remaining funds to buy again, and you keep doing that until you have nothing left or you think it has reached the bottom.


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May 18, 2024, 08:00:51 PM
 #131

I totally agree with you there's no exact time to buy bitcoin, talking about variable I think that is the main reason why most people think that there's always a specific time to buy bitcoin.  as long as crypto market is concerned  there's no stability in the price of bitcoin, sometimes it might be due to halving unlike as you said earlier. However I think there's no specific time to buy bitcoin, except you don't have capital to invest, but if you have enough capital you can invest in your convenience time.
hmm right!
There might not be a specific time since no one can perfectly time the market so there is no point in waiting, but there are specific methods for specific times when you wish to invest. Let's take the current price as an example, now if someone wants to buy Bitcoin when the price of Bitcoin is above $66k which is a very high price, they would think that maybe they should wait for the price to drop before they buy because it is currently too high.

They don't need to wait, all they need is to apply a method, and we use the DCA method in such situation. The DCA method is used to buy an asset with a portion of your capital at a certain price point and keep the remaining capital with you, when the price drops in the future, you can use the remaining funds to buy again, and you keep doing that until you have nothing left or you think it has reached the bottom.


This is not really DCAing method works, you're a confuse.
DCA is simply utilizing a specific amount which to invest consistently either weekly, quarterly, monthly that won't exhaust you after set aside your expenses, discretionary funds and also emergency funds as you invest to avoid tappering or tempted with the invested amount.
This simply allow us continually invest in the market irrespective of the market situation at any moment.  From your explanation anyone would get exhausted, which capital seriously, how about our daily expenses to be met up. It doesn't meet the criteria before indulging in it, more or less investing without plan.
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May 18, 2024, 08:04:40 PM
 #132

In fact, if you are looking for the right time to invest in Bitcoin, you will never find the right time. I always say the best way to invest in Bitcoin is to invest the amount you can afford to lose. Never invest beyond your means.

Do not invest by borrowing money from anyone. Save some money from your income every month to invest in Bitcoin. If you invest little by little, it will eventually add up to a lot.

You may borrow and invest huge amounts but you will lose peace of mind. And if you can afford to invest huge amounts, I suggest you buy Bitcoin at the spot price store theme in a safe place and forget you ever bought Bitcoin for a few years Wink.

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May 18, 2024, 08:08:55 PM
 #133

For me I don't think that we have any time that is special for me to invest in Bitcoin investing in Bitcoin is based on when you have the money to buy as many as you want so that is why I don't like to advise people when they will purchase Bitcoin because you can purchase bitcoin now and the price fall and when the price Fall you lose from your investment so therefore there is no particular time that is perfect time for someone to invest in Bitcoin except that you want to invest when the price of Bitcoin is low so if you don't want to investment the price of Bitcoin is low it is your own concern

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May 18, 2024, 09:40:17 PM
 #134

-When is it the right time to invest in bitcon?
When you are ready to be in bitcoin in the sense that for this to start from finance, your financial planning and management goes well in order to make ready wholeheartedly and believe that bitcoin is indeed worthy of investment. Because however for bitcoin this is not an imposition and we also don't need to force ourselves when we still don't have more money to be in bitcoin because in the end we also have to pay attention to our condition first before actually being in bitcoin.
For the time problem it is you who determines in the end but when it asks about when by referring to the price then indeed I will say wherever the price of bitcoin is still worth it so that the reason is too expensive sometimes becomes a bit classic and tends to be ridiculous because it only covers ourselves who are still not ready to be in bitcoin.

Quote
-What are the assurance that you are ready?

There are no guarantees but when we already feel confident and ready to face all risks including the worst possibilities then it is a sign that we are really serious about this and things like that can only be proven through time because in the end it is time that answers whether we are ready or not because the volatile movement of bitcoin will cause an uncertain market condition and that is where your readiness will be tested.

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May 18, 2024, 09:43:57 PM
 #135

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?

Bitcoin investment indeed requires investors to have knowledges about it. Although mustn't be knowledges about the technical factors but the primary knowledges such as understanding that
1) it's not a get quick rich.
2) Awareness that it's a volatile digital currency which the price would fluctuate.
3) Investors requires other source of income.
4) Staying aware that bitcoin Investors emotional sentiments with the market condition doesn't affect the market price instead it drains your Investors vibes and energies.
5) Setting up a investment goal and be determined by it so that you can prosperously stay let your asset grow to meet that goal.
6) Most ultimate is being aware that you as a bitcoin Investor is holding treasures that could attract local and international scammers and thefts to do aware with your funds. So you should be concious with your crypto wallet details in order to stay safe.

While I agree with you that it's necessary to be knowledgeable about bitcoin before Investing, so that you don't have to regret it on the run due to the fact that the market price may not always go according to your wills, I'll disagree with you for saying short term investment is for the beginners while long term investments is for the experienced.
If you'd ask me, I'll even tell you that it's best that experienced investors are best good for short term goal because they must have figured the volatility of the marketing system to approach to the prediction of the market price.
While the beginners have to stay trustful and unpanicks and just keep hodling to use the opportunity and to understand the market and alongside, you'd be potential t see your assets growing.

So in all, long term holding is the best for both either beginners and experienced investors

Bitcoin is a volatile digital financial technology which it's market price is unpredictable although its volatile potential is optimizing to increase in time to keep greater values of its ATHs. So for that, it's minded to investing on bitcoin doesn't have a specific period

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May 19, 2024, 05:30:20 AM
 #136

For me I don't think that we have any time that is special for me to invest in Bitcoin investing in Bitcoin is based on when you have the money to buy as many as you want so that is why I don't like to advise people when they will purchase Bitcoin because you can purchase bitcoin now and the price fall and when the price Fall you lose from your investment so therefore there is no particular time that is perfect time for someone to invest in Bitcoin except that you want to invest when the price of Bitcoin is low so if you don't want to investment the price of Bitcoin is low it is your own concern
What you say is very true, the right time to invest is when we have funds that we can afford to invest and that we can save for a long period of time so that we get good results from the investment we make and it would be better if we didn't do it. recommend others to invest. at certain times so as not to blame us when they make a purchase and the price drops again. Of course there are some people who experience panic, but we have to let someone buy according to their wishes and we don't need to force them to invest.
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May 19, 2024, 12:44:16 PM
 #137

I totally agree with you there's no exact time to buy bitcoin, talking about variable I think that is the main reason why most people think that there's always a specific time to buy bitcoin.  as long as crypto market is concerned  there's no stability in the price of bitcoin, sometimes it might be due to halving unlike as you said earlier. However I think there's no specific time to buy bitcoin, except you don't have capital to invest, but if you have enough capital you can invest in your convenience time.
hmm right!
There might not be a specific time since no one can perfectly time the market so there is no point in waiting, but there are specific methods for specific times when you wish to invest. Let's take the current price as an example, now if someone wants to buy Bitcoin when the price of Bitcoin is above $66k which is a very high price, they would think that maybe they should wait for the price to drop before they buy because it is currently too high.

They don't need to wait, all they need is to apply a method, and we use the DCA method in such situation. The DCA method is used to buy an asset with a portion of your capital at a certain price point and keep the remaining capital with you, when the price drops in the future, you can use the remaining funds to buy again, and you keep doing that until you have nothing left or you think it has reached the bottom.
Time IN the market is what counts, not timing the market. I've always said the best deals are made by those who understand the game, not those who watch the clock. DCA, that was a wise decision. You play the long game, taking measured decisions over time, not trying to guess every move. While I understand that when Bitcoin reaches $66,000, some people become anxious, that is a floor rather than a ceiling. It portends of things to come. Standing by for a downturn could mean passing up the larger picture. When is the best to buy Bitcoin? That is when you see it is a revolution rather than only money. That's not when you're winging it; that's when you've done your homework.

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May 19, 2024, 12:44:29 PM
 #138

Actually there's no exact time to buy bitcoin well it always depend with some variable that can affect the price like halving or rumours of new collaboration with american banks or somethings like this . Also wars and Tensions in the Middle East Can affect positivly the price . Always buy the dip
Investing in bitcoin or cryptocurrency is entirely up to the investor. Investing is by no means an easy matter. If you want to invest you have to have a clear idea about several things. The crypto market moves on a bullish basis so investors tend to hold on to price falls. Bitcoin's price is down a lot from the past and will go higher later this year so this may be the right time to invest.

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May 19, 2024, 03:39:13 PM
 #139

We can invest in Bitcoin anytime. Personally I think a part of any amount of our income should be invested regularly, I think most investors tend to invest this way. We must hold on for a long time. We will invest a portion of any amount of our income regularly and hold it for a long time. Should hold till we get 3X/4X return from there.
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May 19, 2024, 04:51:01 PM
 #140

This is not really DCAing method works, you're a confuse.
DCA is simply utilizing a specific amount which to invest consistently either weekly, quarterly, monthly that won't exhaust you after set aside your expenses, discretionary funds and also emergency funds as you invest to avoid tappering or tempted with the invested amount.
This simply allow us continually invest in the market irrespective of the market situation at any moment.  From your explanation anyone would get exhausted, which capital seriously, how about our daily expenses to be met up. It doesn't meet the criteria before indulging in it, more or less investing without plan.
That's exactly what I said but just in a different way. I know that normally when people buy a specific asset after a specific time interval regardless of its price is what is called doing DCA, but that doesn't mean that a person needs to specifically wait for that interval to make another purchase.

If you have a budget in your hands, you buy Bitcoin at $65k with 10% of that budget, and Bitcoin drops to $60k tomorrow which is always possible, you can go ahead and buy Bitcoin at $60k with 10% of your remaining funds, and continue doing that for whatever price you deem fit for your investment plan until you have invested all your money or you think that you should stop buying as the price might start going up from there.


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