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Author Topic: Bitcoin the coin every one should invest in  (Read 1148 times)
Wonder Work
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November 27, 2024, 08:01:16 AM
 #41

The Bitcoin market is a little unstable now; it is better to be patient because December was also a similar situation. It would be better to see which way the market goes and then invest. It is better not to invest in an unstable situation.

If you want to invest by maintaining DCA, then now is definitely the right time. If you invest by maintaining DCA, then there is no problem in seeing which way the market has gone; you can continue to invest regularly.

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November 27, 2024, 08:07:26 AM
 #42

The Bitcoin market is a little unstable now; it is better to be patient because December was also a similar situation. It would be better to see which way the market goes and then invest. It is better not to invest in an unstable situation.

If you want to invest by maintaining DCA, then now is definitely the right time. If you invest by maintaining DCA, then there is no problem in seeing which way the market has gone; you can continue to invest regularly.

Yes, because the price would be averaged due to investing each month at the same time.
But I would say it's the right time to invest because the correction is underway and then there would be the continuation of the bullish sentiment, afterward - it would stop probably, and then - we would see about that.

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November 27, 2024, 08:17:36 AM
 #43

With the recent upsurge in the price of Bitcoin and with Bitcoin fluctuating between $85k to $88k  allot of person's have taken interest in investing in Bitcoin and the right time I think is now because with the just concluded united state elections someone with a more crypto friendly ideas is taking over power with allot of promises making it even much even easier and interesting for Bitcoin.

Bitcoin has really come a long way and is now matured enough for everyone to invest

This is a misconception, but unfortunately this is exactly what happens, when Bitcoin reaches its highs in a new cycle, there are many who want to buy it because it seems to them that this growth will continue indefinitely, but in fact, everyone who buys now has a very high chance of becoming long-term holders who will wait for the next bull market for several years, and I even assume that most of them can sell them cheaper than they buy, because they get tired of waiting. This is how the market works, and Bitcoin should be bought in a bear market, when the price is falling and not growing...
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November 27, 2024, 08:42:07 AM
 #44

The Bitcoin market is a little unstable now; it is better to be patient because December was also a similar situation. It would be better to see which way the market goes and then invest. It is better not to invest in an unstable situation.



Unstable? If you think bitcoin price dropped from $99k to $92k and that makes bitcoin unstable then I disagree with that thinking. I find that normal because no asset can go up vertically without correction. Bitcoin has been steadily rising from $69k to $99k in just 2 weeks since the US election and a Bitcoin price correction is inevitable and necessary. I don't know how long this correction will last but we are in bull season so this correction cannot last. So this is the right time to invest or buy more, don't wait for bitcoin price to increase again to start buying.

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November 27, 2024, 01:14:31 PM
Last edit: November 27, 2024, 01:29:19 PM by icalical
 #45

While Bitcoin’s recent bull run near $100k has sparked excitement, its sharp 9% drop show that the market is still volatile. Many investors who bought at the peak may get scared and start panic selling, which wouldn't be deal for those new to crypto. Even with a potentially crypto friendly US administration, regulatory changes take time, and other factors like inflation could still impact Bitcoin’s performance. I think even though I am also positive about Bitcoin bull run we need to still consider risks and not just the hype before investing.

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November 27, 2024, 01:22:41 PM
 #46

Yeah, correction, and a big one at that, would be obvious.
It already happened on a smaller scale in fact in my opinion, getting those longs with leverage off the grid.
Now the question would be how much the BTC dom factor would fall off from that.
Dominance of BTC will be decreasing with time as for one, people will sell their BTC, already people are selling $2 billion worth of BTC as a whole only in profit on daily basis and according to some data long term holders are still holding so dominance won't reduce in a fraction of time but in parts. These 6 months are crucial for BTC dom and it's price as bull season is about to end and people are speculating on alt season.

Means, they will be finding the next alt that can make them 5x atleast because after making profit from BTC people are more greedy haha like me. So, money is getting out of BTC and will be getting in alts so, dominance will decrease, and for two, more and more tokens and memes are introduced in the market in daily basis which is also eating the dominance of BTC.

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fikrett
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November 27, 2024, 01:47:07 PM
 #47

Yeah, correction, and a big one at that, would be obvious.
It already happened on a smaller scale in fact in my opinion, getting those longs with leverage off the grid.
Now the question would be how much the BTC dom factor would fall off from that.
Dominance of BTC will be decreasing with time as for one, people will sell their BTC, already people are selling $2 billion worth of BTC as a whole only in profit on daily basis and according to some data long term holders are still holding so dominance won't reduce in a fraction of time but in parts. These 6 months are crucial for BTC dom and it's price as bull season is about to end and people are speculating on alt season.

Means, they will be finding the next alt that can make them 5x atleast because after making profit from BTC people are more greedy haha like me. So, money is getting out of BTC and will be getting in alts so, dominance will decrease, and for two, more and more tokens and memes are introduced in the market in daily basis which is also eating the dominance of BTC.

I think we are not done yet Grin
Just like in 2021, there were dumps, then there would be a real, bigg correction - and then the biggest ATH of all.
So let's see where the market would bring us.

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November 27, 2024, 01:49:26 PM
 #48

While Bitcoin’s recent bull run near $100k has sparked excitement, its sharp 9% drop show that the market is still volatile. Many investors who bought at the peak may get scared and start panic selling, which wouldn't be deal for those new to crypto. Even with a potentially crypto friendly US administration, regulatory changes take time, and other factors like inflation could still impact Bitcoin’s performance. I think even though I am also positive about Bitcoin bull run we need to still consider risks and not just the hype before investing.

People like you described have shaky hands and don't know that much about BTC.
If they knew a fraction of the knowledge needed, they would know that this dump in price is temporary, and there would be such cases here and there during the rally.
The biggest ATH is still upon us.

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November 27, 2024, 03:10:11 PM
 #49

Yeah, correction, and a big one at that, would be obvious.
It already happened on a smaller scale in fact in my opinion, getting those longs with leverage off the grid.
Now the question would be how much the BTC dom factor would fall off from that.
Dominance of BTC will be decreasing with time as for one, people will sell their BTC, already people are selling $2 billion worth of BTC as a whole only in profit on daily basis and according to some data long term holders are still holding so dominance won't reduce in a fraction of time but in parts. These 6 months are crucial for BTC dom and it's price as bull season is about to end and people are speculating on alt season.

Means, they will be finding the next alt that can make them 5x atleast because after making profit from BTC people are more greedy haha like me. So, money is getting out of BTC and will be getting in alts so, dominance will decrease, and for two, more and more tokens and memes are introduced in the market in daily basis which is also eating the dominance of BTC.

I think we are not done yet Grin
Just like in 2021, there were dumps, then there would be a real, bigg correction - and then the biggest ATH of all.
So let's see where the market would bring us.

This correction we are seeing now is little to nothing on  what we will be experiencing next year. Our target for this year is $100K and aside being close to reaching that goal, little dump like this should not be exempted from the track, after undergoing this movement we are exceeding our target. Many people already made the ATH for next year to be around $150K and above, which is not too much to get but extra talks on moving from $98K to nearly $80K signifies we are not ready for any further moment. Corrections are necessary to happen before we can make the best of our ATH.


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Ricardo11
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November 27, 2024, 04:24:31 PM
 #50

The Bitcoin market is a little unstable now; it is better to be patient because December was also a similar situation. It would be better to see which way the market goes and then invest. It is better not to invest in an unstable situation.

Actually we are seeing a lot of volatility in Bitcoin for the past week. The market can go either way now, the current price of Bitcoin is $95,534.30, but there is a possibility of a positive pump very soon, we said a few days ago that Bitcoin can cross $100K this month, there are only 3 days left for this month to end, Now let's see if Bitcoin makes a good pump in these 3 days. But yes, it is very likely that if we don't see $100K this month, then we are going to see $100K next month.

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November 27, 2024, 05:07:41 PM
 #51

With the recent upsurge in the price of Bitcoin and with Bitcoin fluctuating between $85k to $88k  allot of person's have taken interest in investing in Bitcoin and the right time I think is now because with the just concluded united state elections someone with a more crypto friendly ideas is taking over power with allot of promises making it even much even easier and interesting for Bitcoin.

Bitcoin has really come a long way and is now matured enough for everyone to invest
Bitcoin is currently at $95k, which is very high and exciting. That being said, people keep making the same mistake: ignoring Bitcoin during its long bear markets, and then suddenly buying more and more at peak prices. Sure, Bitcoin can still grow significantly in price, but I do think we'll see the prices around $50k at some point in the future again, because Bitcoin historically does tend to lose over half of its value during the bear market. So unless one's doing DCA and buying at current price out of routine consistency, I don't see why buy here instead of waiting it out.

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November 27, 2024, 07:51:43 PM
 #52

Everyone has the right to want to invest in any coin, there is no compulsion that they have to invest in Bitcoin, but what is certain is that when people ask me what coin they should invest in, then I will tell them that investing in Bitcoin is the best thing they can do. The reason is simple, it has an economy, its adoption is still wide open, and it has high potential in the future. Although we can't avoid its price volatility, but if someone understands how to invest in Bitcoin and only puts money that they can afford to lose, it should not be a problem for them to invest immediately. Because investing in Bitcoin is very simple - they just need to hold and not sell at a low to prevent losses.
That's correct though people may choose to do what they want to do but Bitcoin is most reliable coin to invest on. Bitcoin is a potential coin but the patient of hodling for long is what matters just like you said investing in Bitcoin is simply if the basic knowledge is there and the money for investment is available let it be money you won't be needing for long, with the DCA strategy an investor can accumulate Bitcoin regularly as it could be weekly or monthly irrespective of the price of Bitcoin and HODL for long provided your discretionary income, emergency fund are made ready because this will enable you hodl your Bitcoin for long without selling in a short while if an unforeseen circumstances occurs.


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November 29, 2024, 07:49:54 PM
 #53

With the recent upsurge in the price of Bitcoin and with Bitcoin fluctuating between $85k to $88k  allot of person's have taken interest in investing in Bitcoin and the right time I think is now because with the just concluded united state elections someone with a more crypto friendly ideas is taking over power with allot of promises making it even much even easier and interesting for Bitcoin.

Bitcoin has really come a long way and is now matured enough for everyone to invest
That’s right. Even though there are many options to invest in, Bitcoin should still be a top priority for everyone. Because besides the price of bitcoin going up like crazy, Bitcoin will also save us in tough economic times. When the dollar weakens, it could mean tough economic times ahead. So Bitcoin is a way to protect your money from inflation.

Right now, Bitcoin is in the spotlight, especially with the approval of Bitcoin ETF and Trump’s victory in the US election. So the impact on Bitcoin is very real even though Bitcoin is very volatile, but many predict its price could soar to over $100k. So be happy for those who have been saving bitcoin for a long time and those who are considering investing now. because it is never too late to invest in bitcoin and maximize profits in times like these, don't waste this opportunity.

R


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November 29, 2024, 10:51:13 PM
 #54

Yes, because the price would be averaged due to investing each month at the same time.
But I would say it's the right time to invest because the correction is underway and then there would be the continuation of the bullish sentiment, afterward - it would stop probably, and then - we would see about that.
If he was waiting for the right time to buy seeing the price correction that was happening a few days ago, like something that might go below that, then he should be a little too late as he will buy from a price above that level.

Bitcoin has recovered back to a certain level of $97,400 as of the time of this comment and has reached a 24-hour high of $98,609, which more of such a positive market is on the way.

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November 29, 2024, 11:52:07 PM
 #55

With the recent upsurge in the price of Bitcoin and with Bitcoin fluctuating between $85k to $88k  allot of person's have taken interest in investing in Bitcoin and the right time I think is now because with the just concluded united state elections someone with a more crypto friendly ideas is taking over power with allot of promises making it even much even easier and interesting for Bitcoin.

Bitcoin has really come a long way and is now matured enough for everyone to invest
BTC’s growth over the years has been huge, and it has also demonstrated that it is a valuable investment as well as provided us with numerous opportunities. The price increase today, as well as the global interest which seems to rise everywhere are just two examples of how much the world has evolved.

With more adoption promoted by pro-crypto governments such as the US, there should be greater BTC potential. As always in investing, timing is very important, and perhaps now is a time for those that see it in the future. Remember, as always, to make a wise investment and only invest funds which you can afford in the long term.

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November 30, 2024, 01:41:22 AM
 #56

That’s right. Even though there are many options to invest in, Bitcoin should still be a top priority for everyone. Because besides the price of bitcoin going up like crazy, Bitcoin will also save us in tough economic times. When the dollar weakens, it could mean tough economic times ahead. So Bitcoin is a way to protect your money from inflation.
On top of everything, investment ROI is important or most important with many people, to attract them to this market, and to convince them joining this market with their money. However, I see there is another biggest reason that makes Bitcoin as a best investment choice is its design, ROI is a mandatory condition, but it won't be high without outstanding fundamentals of Bitcoin. That reason is Bitcoin design with a public ledger for full transparency, private keys for full control of bitcoins in non custodial wallets for Bitcoin holders, and a decentralized network and blockchain hence there is no reversible transactions.

Without outstanding fundamentals, Bitcoin would have no or very low value, and price would have not increased a lot with time and is high nearly $100,000 now.

BTC’s growth over the years has been huge, and it has also demonstrated that it is a valuable investment as well as provided us with numerous opportunities. The price increase today, as well as the global interest which seems to rise everywhere are just two examples of how much the world has evolved.
From outstanding fundamentals, Bitcoin has very good adoption, one of greatest of all time adoptions in human civilization history.
Bitcoin Adoption Curve.

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November 30, 2024, 10:12:36 AM
Last edit: November 30, 2024, 10:27:51 AM by Iranus
 #57

With the recent upsurge in the price of Bitcoin and with Bitcoin fluctuating between $85k to $88k  allot of person's have taken interest in investing in Bitcoin and the right time I think is now because with the just concluded united state elections someone with a more crypto friendly ideas is taking over power with allot of promises making it even much even easier and interesting for Bitcoin.

Bitcoin has really come a long way and is now matured enough for everyone to invest
That’s right. Even though there are many options to invest in, Bitcoin should still be a top priority for everyone. Because besides the price of bitcoin going up like crazy, Bitcoin will also save us in tough economic times. When the dollar weakens, it could mean tough economic times ahead. So Bitcoin is a way to protect your money from inflation.

Right now, Bitcoin is in the spotlight, especially with the approval of Bitcoin ETF and Trump’s victory in the US election. So the impact on Bitcoin is very real even though Bitcoin is very volatile, but many predict its price could soar to over $100k. So be happy for those who have been saving bitcoin for a long time and those who are considering investing now. because it is never too late to invest in bitcoin and maximize profits in times like these, don't waste this opportunity.

You should only invest in bitcoin for the long term because bitcoin is a highly volatile asset and is classified as a high-risk asset. So in times of economic hardship like high inflation or recession, bitcoin will be dumped severely like what happened in 2022. Bitcoin can only protect you from inflation if you invest for the long term, bitcoin is not like gold which is always stable and maintains its value in all circumstances. So if you are planning to speculate or invest short term, don't expect it to help you avoid inflation.

We are very close to the $100k target and those who have been accumulating bitcoin for a long time have made huge profits. But for someone who is new and wants to invest right now, I am not sure about that. I mean they should do thorough research before investing instead of investing on other people's advice or Fomo.

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November 30, 2024, 04:53:58 PM
 #58

The Bitcoin market is a little unstable now; it is better to be patient because December was also a similar situation. It would be better to see which way the market goes and then invest. It is better not to invest in an unstable situation.

If you want to invest by maintaining DCA, then now is definitely the right time. If you invest by maintaining DCA, then there is no problem in seeing which way the market has gone; you can continue to invest regularly.

IMO, If you look at the 1D chart, BTC is not really unstable, it is just doing what it always does. December was just as brutal, and see where we are right now.

DCA is effective because you don't need to overthink about the timing but rather sequentially invest. Yes, the price in the short term can be crazy, but Bitcoin has always been like that. Like it’s always said, what goes in quiet will usually come out better in the long run!

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November 30, 2024, 08:10:41 PM
 #59

I think we are not done yet Grin
Just like in 2021, there were dumps, then there would be a real, bigg correction - and then the biggest ATH of all.
So let's see where the market would bring us.
This correction we are seeing now is little to nothing on  what we will be experiencing next year. Our target for this year is $100K and aside being close to reaching that goal, little dump like this should not be exempted from the track, after undergoing this movement we are exceeding our target. Many people already made the ATH for next year to be around $150K and above, which is not too much to get but extra talks on moving from $98K to nearly $80K signifies we are not ready for any further moment. Corrections are necessary to happen before we can make the best of our ATH.
Small corrections happens every time we are on a bull run, it's not that big of a deal and we need to realize that small corrections is where the money is made. Traders take advantage of that situation very well, they know that it will recover, so they wait and they buy long futures and they end up making a great return from that without a doubt.

I believe this won't be simple, but the best way to move forward would be just assuming the best could happen. In this case, the best would be just long futures and leverages that could see the price reach back to 100k levels, if you do that now, then you could make thousands on your dollar, and many traders are taking advantage of that situation with ease, because they know it will go back up.


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Wakate
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November 30, 2024, 09:13:33 PM
 #60

With the recent upsurge in the price of Bitcoin and with Bitcoin fluctuating between $85k to $88k  allot of person's have taken interest in investing in Bitcoin and the right time I think is now because with the just concluded united state elections someone with a more crypto friendly ideas is taking over power with allot of promises making it even much even easier and interesting for Bitcoin.

Bitcoin has really come a long way and is now matured enough for everyone to invest
What is your reason why people should invest in Bitcoin? I was expecting to see some write up about that but that wouldn't be a problem since Donald Trump winning the election is a good reason why we should invest in Bitcoin more than altcoins. The crypto market capitalization has increased drastically we could see more adoption by the time the price of Bitcoin exceed $100k. There is more bullish run to experience in this race and Trump is going to make things more interesting with time we he takes the position of being the president of the United States. We have noticed recently that the price of altcoins are drastically falling while Bitcoin keeps going bullish.

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