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Author Topic: Don't wait to invest.  (Read 2001 times)
Huliya
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November 14, 2024, 04:55:53 PM
 #41

We all know that there is no fixed time to buy Bitcoin. No matter how big Bitcoin is in the bull run market? DCA method will never let you lose your money. But if we look at the market of 2/3 months ago, we feel a little sad. But remember this is not the last year of Bitcoin. There will be better things in the future.

In my opinion if you can't decide to time the pump market, you are doing it wrong. It is impossible to predict when the price of Bitcoin will rise. Bitcoin may never drop below $80k again. So can you stop investing? You have this moment to start investing by following the DCA method. Long term and DCA investment following these 2 conditions will never lead to loss.

Let's start holding Bitcoin together today.  Smiley Smiley
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November 14, 2024, 05:07:46 PM
 #42

Now it has exceed $90K.

I thought it's not possible Bitcoin will reach $100K in this month, but I guess I'm wrong. There are still 17 days to go, more than enough since Bitcoin price surge from $70K to $90K just need a week!

However, it's been a long time I haven't heard someone said Bitcoin is a bubble or Bitcoin will die. Cheesy
It never crossed my mind that bitcoin could reach $90K earlier... It's not impossible $100K in the near future, I see the movement will continue to $100K.

I think now no one will say bitcoin is a bubble or dead, the public will see bitcoin continue to rise and they are FOMO after the decline then the negative news comes so much maybe this could be international news.
$100,000 is a very psychological resistance for Bitcoin. If we reach this price, I would not have thought we would see $90,000 so quickly.
I think we may face a huge FOMO. Even now, FOMO is being released like crazy, I have read a lot of things like, you are still not too late.
Maybe it is not too late or you will face a correction when you buy, who knows.

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November 14, 2024, 05:45:11 PM
 #43

I think most people are thinking that once this pump market is over, they will invest in Bitcoin again.  I once felt like that.  But I understood from reading that there is no specific time to invest in Bitcoin.  Why don't I start this investment anyway?  Investing in accordance with DCA will make you profitable.
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November 14, 2024, 05:46:31 PM
 #44

The more people are waiting, the more they are going to miss a chance, after all the price is rising every single day. Some say they are too late now that it's over 90k and we are not too late at all, there is at least another 50% to be made just from bitcoin, there are also other alts that you could invest into as well. Bitcoin will not stop here, it will keep growing, and you are not too late to invest into it, we need to see that reality.

Investing into bitcoin is rarely ever too late, not when we just started to go up like within last week or two, that's literally just the start. Meaning that reaching 200k wouldn't really be impossible for us, I am not saying we will reach it, I am saying it's possible and even if we do not reach that price, it's quite possible that we are going to be at least 150k+. So all in all, we know that we will be higher in the future, so investing now guarantees you profit and if you wait then you are missing that out.
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November 14, 2024, 05:46:50 PM
 #45

The market is in FOMO and that's why Bitcoin is going up. Everyone should be thankful to Donald Trump for becoming US president and he's also a crypto and in particular Bitcoin supporter now. There's chance that in the FOMO Bitcoin might cross $100k value within few days and in 2024. However, if we see a correction then there's chance that Bitcoin might fall back to $75k or below it.

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November 15, 2024, 01:32:03 PM
 #46

We have entered a bull wave and bitcoin price is not really low anymore. Most people are waiting to take profits so I would not give investment advice to anyone at this time. Those who wish to invest should do their own research and take responsibility for their decisions.

I agree with you. But as you can see, people started to asking if this is the right time to buy Bitcoin. They are getting interested because they see the price is going up. Some people think if we buy now, the price will go up further and then we will sell and take profit. That is how newbies think about Bitcoin Investment.

The bull run already started and holders are going to cash out their profit from now on. The price is too much to invest right now. But if someone can hold for a long time, and do not panic during the bad time, they can invest Whenever they want.

I am not saying it is too late to invest or bitcoin price is too high to buy because, as you said, many newbies are entering the market and don't have the opportunity to buy cheaper. What I observed is that most of the old investors have stopped accumulating and are just waiting to take profits. As you may know, many investors are waiting for the historic milestone when bitcoin hits $100,000 to take profits, so I just want newbies to be sober and do not FOMO. Only invest when they have done their own research, analysis on bitcoin and are ready to invest. Don't invest and buy bitcoin on other people's advice because our buying positions are not the same.

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November 15, 2024, 02:10:30 PM
 #47

A month ago, we were criticized by various people about Bitcoin investment and they also held the view that Bitcoin is unstable and therefore it is not possible to expect a good profit in investment. I think investing in Bitcoin as soon as possible, which gives you the motivation to stay by your side in the future.
people who give criticism must be people who do not know Bitcoin, maybe he is a Gold investor who has a more stable market movement. maybe he does not see how the Bitcoin growth chart is from each year. if he saw it maybe he would not talk about Bitcoin which does not produce good profits. for people who are just starting, to be honest, there will definitely be doubts, especially seeing the price growth. there will be doubts about entering the current situation. but for those who started investing a few years ago, of course, they have already gotten results and confidence in Bitcoin.

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November 15, 2024, 04:45:52 PM
 #48

However, if we see a correction then there's chance that Bitcoin might fall back to $75k or below it.
I don't think we're going to have any significant correction before the end of the year because the market is very excited, and believes that we have a pro-bitcoin president and a lot of good things are coming our way. As you said, the market is in a very high state of FOMO so a significant correction to $75k is unlikely.
The worst-case scenario for a significant adjustment is if a black swan occurs, but such unforeseen events are rare during presidential transitions. So I'm pretty optimistic and believe that we won't have any significant correction.


Bitcoin is starting to correct after hitting an all-time high of $93k and many have drawn a lot of charts showing Bitcoin dropping to $84k, but I doubt we will even get there let alone $75k.

Left... the space..
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November 15, 2024, 06:00:09 PM
 #49

As you may know, many investors are waiting for the historic milestone when bitcoin hits $100,000 to take profits, so I just want newbies to be sober and do not FOMO. Only invest when they have done their own research, analysis on bitcoin and are ready to invest. Don't invest and buy bitcoin on other people's advice because our buying positions are not the same.
But unfortunately, the word newbie already defines that they are fresh on the market. I don't think they know which factors to consider when they will do their research. So, I won't suggest any newbies to invest in altcoins at this moment. They can still invest in Bitcoin if they have plan to hold it for a long time. But it only applies if someone is going to do DCA. Otherwise, this is not a good time to invest at all. People will invest while the market is good, and after a couple of weeks, they will start panic and sell their Bitcoin at loss.

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November 15, 2024, 07:24:53 PM
 #50

The only thing I will say is that I won't advice anyone to go into bitcoin with lump-summing at time like this so that won't endup buying at top price. But it doesn't matter though aslong you're a long-term holder you can still start with lump-summing and you can continue with DCAing despite any dip .

I have heard of story how folks bought bitcoin at the top price back then, but still didn't stop buying rather they kept on puching on with DCAing purchasing so that they won't endup selling in loss . And most time it usually end well for them because it's Bitcoin and most time it kept on defeating it's ATH and creating new one .

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November 15, 2024, 08:05:55 PM
 #51

If anyone wanted to invest into Bitcoin, they should have done that months ago and not wait until after the price starts pumping before they can buy. Months ago, Bitcoin was just $30k and from there is got to $40k and many people who bought at that time are already in huge profit now. Anyone buy now might still make some profit if the price goes to $120k but we don't know when the price will be reached.
Big risk investing in bitcoin when the price is already at all time high, and many who take such line of investment always have themselves to blame at the end of the day when the price of bitcoin decline a bit, unless they will have to wait for a long time, before seeing such price that will be above the all time price, although the good thing about bitcoin is that, with bitcoin you don't lose your investment and money, but you just have to wait until the price will recover back to the desired price and above the bought price in other to gain some profits on investment.

You said the it all, that anyone buying bitcoin at high price will have the chance of making profits if the price movements trend's continue, may be let say until 100k price, but another thing is that, can we achieve that much price considering the current available liquidity for the market?

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November 15, 2024, 08:56:50 PM
 #52

As you may know, many investors are waiting for the historic milestone when bitcoin hits $100,000 to take profits, so I just want newbies to be sober and do not FOMO. Only invest when they have done their own research, analysis on bitcoin and are ready to invest. Don't invest and buy bitcoin on other people's advice because our buying positions are not the same.
But unfortunately, the word newbie already defines that they are fresh on the market. I don't think they know which factors to consider when they will do their research. So, I won't suggest any newbies to invest in altcoins at this moment. They can still invest in Bitcoin if they have plan to hold it for a long time. But it only applies if someone is going to do DCA. Otherwise, this is not a good time to invest at all. People will invest while the market is good, and after a couple of weeks, they will start panic and sell their Bitcoin at loss.
That is true, investing in altcoins for a newbie would be a wrong move without a doubt. Maybe the top 10 coins could be fine, there are few stablecoins in there, and I would say doge and xrp are not really proper, so after removing all those, we have like 5-6 coins at most and investing in those few altcoins, stuff like for example ETH or BNB or SOL, these three could be fine if they are newbies or not and that should be making people a lot of money but that doesn't mean that we are going to make a lot of profit easily.

So all in all we need to remember that newbies do not know which coins are good, so if they invest into some coin or token that is out of top 100, some memecoin out there with basically no profit, then we will see a terrible result from them. Right now I see too many newbies invest into meme tokens that are not even in the top 1000 and they are hoping for a bigger return when we all know that will not be the case at all.
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November 16, 2024, 08:53:08 AM
 #53

As you may know, many investors are waiting for the historic milestone when bitcoin hits $100,000 to take profits, so I just want newbies to be sober and do not FOMO. Only invest when they have done their own research, analysis on bitcoin and are ready to invest. Don't invest and buy bitcoin on other people's advice because our buying positions are not the same.
But unfortunately, the word newbie already defines that they are fresh on the market. I don't think they know which factors to consider when they will do their research. So, I won't suggest any newbies to invest in altcoins at this moment. They can still invest in Bitcoin if they have plan to hold it for a long time. But it only applies if someone is going to do DCA. Otherwise, this is not a good time to invest at all. People will invest while the market is good, and after a couple of weeks, they will start panic and sell their Bitcoin at loss.

If you don't even have basic knowledge of bitcoin, how can you be confident enough to hold it for the long term and be ready to DCA whenever bitcoin corrects?

Old investors like us may not feel worried and will feel happy every time bitcoin corrects, that is because we have knowledge and understanding about it, from which we have faith in it. But for a newbie, without knowledge and just following other people's advice, it will never be possible to do that. You and I were newbies once, I think you understand that better than any newbie, how can we trust someone when we know nothing about them? So I also object to the idea of ​​giving investment advice to newbies even if it is bitcoin, instead I think they should invest in knowledge first.

Investing on someone else's advice is no different than gambling; any investment has risks, including bitcoin, and returns will depend on your knowledge, not the type of asset you invest in.

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November 16, 2024, 10:08:39 AM
 #54

If anyone wanted to invest into Bitcoin, they should have done that months ago and not wait until after the price starts pumping before they can buy. Months ago, Bitcoin was just $30k and from there is got to $40k and many people who bought at that time are already in huge profit now. Anyone buy now might still make some profit if the price goes to $120k but we don't know when the price will be reached.
In terms of timing, it is still not too late for anyone to invest in Bitcoin because right now is still a very good time to buy Bitcoin even though the price itself is already at the $90K level. I also have an assumption that Bitcoin could approach the $100K price level by the end of this year if the price correction is not too much plus the current market is getting more crowded with buyers.

I am not completely saying that it's bad to invest now but if anyone decides to invest now, they should apply risk management. Bitcoin could go to $100k this month or drop to talk $70k, although there's yet no sign of bearish movement, am just saying. But no body know how the market can be manipulated that could lead to some bearish move.

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November 16, 2024, 02:06:15 PM
 #55


In terms of timing, it is still not too late for anyone to invest in Bitcoin because right now is still a very good time to buy Bitcoin even though the price itself is already at the $90K level. I also have an assumption that Bitcoin could approach the $100K price level by the end of this year if the price correction is not too much plus the current market is getting more crowded with buyers.

I am not completely saying that it's bad to invest now but if anyone decides to invest now, they should apply risk management. Bitcoin could go to $100k this month or drop to talk $70k, although there's yet no sign of bearish movement, am just saying. But no body know how the market can be manipulated that could lead to some bearish move.
Investing at any time is still good depending on how someone invests at the right time. I don't recommend people to invest in bitcoin right now because the price is too high especially this week bitcoin has reached ATH close to $100 thousand,
I'm worried about whether this will happen at the end of November.
If you want to invest in crypto, my advice is don't focus too much on Bitcoin, we can still invest in other altcoins such as XRP and CARDANO which have future potential in crypto investment at this time. It looks like the market is bullish. is ongoing so we have to be more careful in investing.

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November 16, 2024, 03:11:10 PM
 #56


In terms of timing, it is still not too late for anyone to invest in Bitcoin because right now is still a very good time to buy Bitcoin even though the price itself is already at the $90K level. I also have an assumption that Bitcoin could approach the $100K price level by the end of this year if the price correction is not too much plus the current market is getting more crowded with buyers.

I am not completely saying that it's bad to invest now but if anyone decides to invest now, they should apply risk management. Bitcoin could go to $100k this month or drop to talk $70k, although there's yet no sign of bearish movement, am just saying. But no body know how the market can be manipulated that could lead to some bearish move.
Investing at any time is still good depending on how someone invests at the right time. I don't recommend people to invest in bitcoin right now because the price is too high especially this week bitcoin has reached ATH close to $100 thousand,
I'm worried about whether this will happen at the end of November.
If you want to invest in crypto, my advice is don't focus too much on Bitcoin, we can still invest in other altcoins such as XRP and CARDANO which have future potential in crypto investment at this time. It looks like the market is bullish. is ongoing so we have to be more careful in investing.
Yes, when it comes to investing in Bitcoin, the price is very high right now. So now if a new investor wants to invest, now it can be more profitable to go towards alt coin. Especially XRP, TRX, FLOKI, CARDANO, Dogecoin. There are several other altcoins that have much more potential. Altcoins are relatively now time cheap to buy. Because if Bitcoin crosses $100K they will pump a lot. However, you must do your own research first. Because the market is always unpredictable. So, before investing in crypto, one must do proper DYOR (Do Your Own Research).

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November 16, 2024, 03:40:55 PM
 #57

I am not completely saying that it's bad to invest now but if anyone decides to invest now, they should apply risk management. Bitcoin could go to $100k this month or drop to talk $70k, although there's yet no sign of bearish movement, am just saying. But no body know how the market can be manipulated that could lead to some bearish move.
I quite understand what you said because it is also a very good advice and warning for those who want to invest now in Bitcoin. Because apart from considering the price correction that can happen anytime unexpectedly in Bitcoin, people who already believe in Bitcoin and have often made profits through Bitcoin investment will never worry about it. But for those who have just started investing at the current price, of course they should ask more questions to old investors who already have experience and must have a strong enough mentality to be able to face the level of price correction that could happen again in Bitcoin at the end of this year.

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November 16, 2024, 03:52:07 PM
 #58

I quite understand what you said because it is also a very good advice and warning for those who want to invest now in Bitcoin. Because apart from considering the price correction that can happen anytime unexpectedly in Bitcoin, people who already believe in Bitcoin and have often made profits through Bitcoin investment will never worry about it. But for those who have just started investing at the current price, of course they should ask more questions to old investors who already have experience and must have a strong enough mentality to be able to face the level of price correction that could happen again in Bitcoin at the end of this year.
All they need to do is holding, not sure why most people said holding is hard because I've hold for 4 years and never had any problem. What I do in my life is upgrading my skill and looking how to earn higher salary, after I pay all of my monthly bills, rest of my money will be invested in Bitcoin.

I think many people are trying to make money from their jobs and make money from trading, this is really hard and you will not able to focus. That's why not many people successful in trading.

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November 16, 2024, 04:18:55 PM
 #59

I think most people are thinking that once this pump market is over, they will invest in Bitcoin again.  I once felt like that.  But I understood from reading that there is no specific time to invest in Bitcoin.  Why don't I start this investment anyway?  Investing in accordance with DCA will make you profitable.
The most important thing when it comes to investing in Bitcoin is to take a long-term view and invest regularly. Only when we hold for long time will we get good profit from Bitcoin. You can start investing in Bitcoin if you want, but you must have a long-term hoarding perspective, and invest a certain amount every month, in which you can buy high and buy low, so you can easily profit from market fluctuations, so everyone Should Bitcoin invest following a strategy like DCA, and hold for the long term, everyone can benefit.
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November 16, 2024, 07:24:25 PM
 #60

If you don't even have basic knowledge of bitcoin, how can you be confident enough to hold it for the long term and be ready to DCA whenever bitcoin corrects?

Where did I actually mentioned that someone should invest in Bitcoin and hold it for long time even if they do not have basic knowledge of bitcoin? Did't I clearly said that I wouldn't suggest newbies to invest in altcoins but they can still invest in Bitcoin if they can hold it for a long time? Did I mention that someone does not have a basic knowledge of Bitcoin should do DCA and hold for a long time? Either you misunderstood me, or just decided to twist my word. Or probably this my misunderstanding. People should only invest on something which they know well. I won't suggest anyone to invest in Stock market if they don't know well about it.

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