My advice on investing in Bitcoin

[Natalim]

So as long as you are investing what you can afford to put aside for a long term into Bitcoin, you are good to go through with Bitcoin volatilities because of the long-term perspective of the investor.

You are definitely correct, this is where most people make mistake. Knowing that bitcoin is something that has a value or has a way of growing over a long period of time, it is required to invest what you can afford to put aside for a long time. The challenge most people have with investing in Bitcoin is investing money they have need for urgently. This is not how investment in Bitcoin work because it will make you to panic in case price does not go your direction immediately.

However, while responsible investors know how to invest on what they can afford to lose, majority of the newbies that are entering the market are full of greed and are thinking that bitcoin is a get rich quick. Instead of putting a small amount first, some even risk taking a loan just to invest a bigger amount. And when price correction happens, these people who invested blindly will be panicking, thus resorting into selling even at a lower price, no wonder why newbies easily quit from investing in bitcoin.

[Wexnident]

~

Highly think it depends on your appetite? If you want guarantee and safety then just buy stocks of big companies. If you want something risky then go for Bitcoin! We'd probably see the market going crazy next year anyway so the best time to buy is now imo. Even the dumps and pumps we've had the past few days seem normal in hindsight imo. We've experienced FAR worse after all.

Just always remember to invest what you CAN actually lose though, regardless of what type/form if investment you do. It's pretty common sense at this point imo but it's not normal to invest money you want to spend (or need to spend) in the near future. It's called an investment because it's for the LONG term.

[Adbitco]

So as long as you are investing what you can afford to put aside for a long term into Bitcoin, you are good to go through with Bitcoin volatilities because of the long-term perspective of the investor.

You are definitely correct, this is where most people make mistake. Knowing that bitcoin is something that has a value or has a way of growing over a long period of time, it is required to invest what you can afford to put aside for a long time. The challenge most people have with investing in Bitcoin is investing money they have need for urgently. This is not how investment in Bitcoin work because it will make you to panic in case price does not go your direction immediately.

However, while responsible investors know how to invest on what they can afford to lose, majority of the newbies that are entering the market are full of greed and are thinking that bitcoin is a get rich quick. Instead of putting a small amount first, some even risk taking a loan just to invest a bigger amount. And when price correction happens, these people who invested blindly will be panicking, thus resorting into selling even at a lower price, no wonder why newbies easily quit from investing in bitcoin.

Yes this is absolutely correct because most newbies aren't that patient enough to hold for long time or when there seems to be storm in the market they definitely push out their holdings immediately when the market dump, still return their profit without knowing that they are wasting their investment which after a couple of minutes or for a while the market will correct back again to stabilize the market which already they already lost investment which if they tried to invest again they will never acquire same fraction of Bitcoin again because they sold at lost. So, if they want to venture back the market definitely they will loose more higher than it was before that is why it is good to actually do a proper research before entering into market so to avoid rugged pulled or excessive dump from whales.

[Swordsoffreedom]

Historically, there's a bear market after a bull market, with Bitcoin losing over 50% of its value. I don't see why this time should be any different, so I think it will be possible to purchase BTC at around $50k-$60k in the future. Direct investment, IMO, it is simpler and better than ETFs, but that probably depends on what a person has more experience with.
It's okay to wait and buy at a better price. It's also alright to do DCA, and in that case to start accumulating even at a current price.

But the bull season is not over yet and we don't even know what bitcoin's highest ATH was before the bear season arrived. Therefore, the prediction that bitcoin will drop to $50k-60k when the bear season comes is incorrect. If bitcoin can hit $300k this bull season, we have almost no chance of buying bitcoin at $100k, let alone $50k in the next bear season. So the solution is to use the DCA strategy and start now instead of waiting.


Direct investment is much better because then we have full control over our bitcoins but it's not too bad if someone goes through an ETF. It all depends on the individual, I don't see this being too big of an issue as ETFs are also showing how safe they are.

[Rockstarguy]

Is it right time to invest in Bitcoin?

As far as you are investing and you don't have the mindset of making profit quick then I can say it is the right time to invest bitcoin. Only those who thinks of making profits so quick from bitcoin investment are always bothered if it is the right time to invest in bitcoin.  If long-term investment is what your focus is all about you will invest in Bitcoin without being worried about anything. Their is no perfect time for investing bitcoin, having doubt if now is the right time to invest can make one to miss the opportunity of time.wasted .

[Stable090]

Bitcoin has gone over $100,000 this year, and some analysts are predicting even bigger gains next year. With this, many financial advisors are recommending at least some caution, while investing in cryptocurrencies and making sure only a small portion of your overall portfolio is being used for investment.

Anyone investing in bitcoin now should be ready to hold for long term, and if you are holding for long, then I see no reason why you should panic because you investing in bitcoin, and all this little price movements shouldn’t even disturb you, the only people that are suppose to be disturbed are the short term investors, they are the once that are suppose to gradually analyze the market before investing in bitcoin.

Why should you use only a small portion of your portfolio to invest? Then what are you going to be doing with the remaining portion? It’s just high time you stop listening to what all those anti Bitcoin people are saying, because if you end up following them, then you will end up regretting it later in the future. If you take your time to do your research, then you will know that they are just against Bitcoin for no reason.

Lots of people that didn’t invest in bitcoin now might end up regretting later in the future why they didn’t invest, but now we all know that most people that are against bitcoin are just doing that for their own selfish interest, and if you decide to follow them blindly, then you might end up regretting it.

[Odusko]

Is it right time to invest in Bitcoin?

As far as you are investing and you don't have the mindset of making profit quick then I can say it is the right time to invest bitcoin. Only those who thinks of making profits so quick from bitcoin investment are always bothered if it is the right time to invest in bitcoin.  If long-term investment is what your focus is all about you will invest in Bitcoin without being worried about anything. Their is no perfect time for investing bitcoin, having doubt if now is the right time to invest can make one to miss the opportunity of time.wasted .

Rockstarguy you are right because before someone invests in Bitcoin, they should be ready to either wait for the long term or wait for the price to low before buying to be at a safety side, in the sense that, if you are not bent off quickly profits, you can buy Bitcoin right now, since waiting for a long term gives you your ultimate profits expected, but if you are looking to make quick profits then this time is not the best to buy Bitcoin since a lot of Bitcoin price correction is still expected to happen along the line before it finally picks again.

[Publictalk792]

As far as you are investing and you don't have the mindset of making profit quick then I can say it is the right time to invest bitcoin. Only those who thinks of making profits so quick from bitcoin investment are always bothered if it is the right time to invest in bitcoin.  If long-term investment is what your focus is all about you will invest in Bitcoin without being worried about anything. Their is no perfect time for investing bitcoin, having doubt if now is the right time to invest can make one to miss the opportunity of time.wasted .

I totally agree with you. Investing in Bitcoin or any other investment requires thinking about long term. People who want to make money quickly are mostly unhappy and worried about when to invest. But if you focus on growing your investment over time and can handle ups and downs of market then you don not need to worry about finding "perfect" time to invest. In the end it is very important to learn as much as you can set clear goals and make plan that fits with how long you can keep your money invested and how much risk you can handle.

[Nheer]

All the experts mentioned are anti-Bitcoin advocates so you don't expect them to say you should put a higher percentage of your investment in Bitcoin, yeah definitely they will advise new investors to look in the direction of their traditional investments. So as long as you are investing what you can afford to put aside for a long term into Bitcoin, you are good to go through with Bitcoin volatilities because of the long-term perspective of the investor.

You’re right, As long as you’re investing with an amount you can afford to lose and have intention of holding for a long time you don’t have anything to worry about, because bitcoin have a bright future and the potential to grow in value in the near future. When investing in bitcoin you should not invest recklessly and always try to be disciplined enough not to always be affected by every dip that happens else you will get frustrated leading sale of your coins and a failed investment.

Is it right time to invest in Bitcoin?

Every time is the right time because the more you wait the more the price rises and the more you miss out on the opportunity to join at a lesser price. Adopting the DCA strategy will be the best strategy for a beginner s on you don’t have to worry about the price when investing.

[famososMuertos]

OP: seriously, now we depend on traditional "experts" of the system to invest in bitcoin, or that we should make offers on investment products "x" or "y", or that one of the most insurmountable "blacks" of the financial system like Black Rock make recommendations that now must be followed as "guides", man, bitcoin is still Bitcoin far above any adoption, so its humble initial premises remain its bases for anyone to add to having bitcoin whenever they want without so many etiquette rules based on the old establishment.

[RockBell]

I would rather prefer to maximize my bitcoin holdings currently since we all know that bitcoin is about to have a significant surge in price.
So why not use the opportunity while you can to accumulate more bitcoins and then try to take profits at higher price.
But hey, that's my POV and everyone should follow their own risk appetite.

And when you tell people to hold they don't take it seriously and the problem I have is when the price of bitcoin is already high and might take a retrace that is when you see people picking intrest and some of them will only do audio investment and there is nothing different that they want they are just looking for excuses when ever it as gotten to the point of hitting different all time high that is when there intrest is down but when they see it trading they will start picking intrest.

When you buy when the price is down and the price goes up thay is when you will then know how profitable investing in bitcoin can become and the opportunity is always there to invest and we the preacher of bitcoin will keep preaching and the opportunity of accumulation is always there but they need to be seriously take Things  well in other.

And the main problem is that they don't want to take risk and there is no investment that don't come with sacrifice and pain the answer to surviving here is patience.

[uchegod-21]

Some unacceptable bitcoin advices

• Buy bitcoin with the money you are able to lose.
• Buy from BlackRock and other institutions instead of buying directly.
• Withdraw all your investment when it's time because bitcoin is volatile.
• Only 1-2 % of your wealth should be in bitcoin.

These are more are not acceptable to me while I believe that some bitcoin advices are obsolete now.

After all, the future is unpredictable, not only bitcoin but any investment always has risks and especially with relatively new assets, we need to be more careful.

This advice may be wrong for you but may be right for someone else because each person's thinking, circumstances, capital...are different. We cannot impose our thoughts on others.
To me, these tips are neither right nor wrong because giving investment advice to others is a very difficult task and we need to give advice carefully.

Most of us want to become rich with our small capital so it is understandable that we invest all in bitcoin but if we have millions or billions of dollars. At that time, I believe we also only spent a few percent on bitcoin.

Well, to some the tips are still valid while to others, the tips are no longer valid. Assuming I didn't respect such rules, I would have been richer by now. I followed those rules until bitcoin became so expensive to buy with little money. If I have to advise anyone, if you have any money you are not using for other investments or using to take care of immediate needs, invests all in bitcoin when you feel you met a fair price.
1- 2% is so insignificant and was recommended when bitcoin was newly created and no one believed it.

[rodskee]

With this, many financial advisors are recommending at least some caution, while investing in cryptocurrencies and making sure only a small portion of your overall portfolio is being used for investment.

well i would say that that should depend on how much you earn in a month or a year i wouldn’t recommend putting 100% of your income to bitcoin as well because profit is not quick and easy and you never know what can happen in life or when you’ll need serious amount of money

always only invest what you can at the moment but if you really want good profit then you can allocate  one or two percent more out of your money maybe save some or just really put it aside solely for bitcoin

[Japinat]

Historically, there's a bear market after a bull market, with Bitcoin losing over 50% of its value. I don't see why this time should be any different, so I think it will be possible to purchase BTC at around $50k-$60k in the future. Direct investment, IMO, it is simpler and better than ETFs, but that probably depends on what a person has more experience with.
It's okay to wait and buy at a better price. It's also alright to do DCA, and in that case to start accumulating even at a current price.

But the bull season is not over yet and we don't even know what bitcoin's highest ATH was before the bear season arrived. Therefore, the prediction that bitcoin will drop to $50k-60k when the bear season comes is incorrect. If bitcoin can hit $300k this bull season, we have almost no chance of buying bitcoin at $100k, let alone $50k in the next bear season. So the solution is to use the DCA strategy and start now instead of waiting.


Direct investment is much better because then we have full control over our bitcoins but it's not too bad if someone goes through an ETF. It all depends on the individual, I don't see this being too big of an issue as ETFs are also showing how safe they are.

DCA is a more preferred strategy especially in this volatile and uncertain market. And since we can't predict what will be the next price movement for bitcoin, it's better if we can start doing DCA with the current price and increase our bitcoin portfolio rather than losing the chances now while waiting for a bear market where there is no assurance when it will happen in the market.

[pawanjain]

I would rather prefer to maximize my bitcoin holdings currently since we all know that bitcoin is about to have a significant surge in price.
So why not use the opportunity while you can to accumulate more bitcoins and then try to take profits at higher price.
But hey, that's my POV and everyone should follow their own risk appetite.

And when you tell people to hold they don't take it seriously and the problem I have is when the price of bitcoin is already high and might take a retrace that is when you see people picking intrest and some of them will only do audio investment and there is nothing different that they want they are just looking for excuses when ever it as gotten to the point of hitting different all time high that is when there intrest is down but when they see it trading they will start picking intrest.

When you buy when the price is down and the price goes up thay is when you will then know how profitable investing in bitcoin can become and the opportunity is always there to invest and we the preacher of bitcoin will keep preaching and the opportunity of accumulation is always there but they need to be seriously take Things  well in other.

And the main problem is that they don't want to take risk and there is no investment that don't come with sacrifice and pain the answer to surviving here is patience.

I feel its the same case with everybody. Even I have met some people who wants to make investments and earn high returns but don't have that much of a risk taking capability.
That is why I mostly advice people to invest according to their risk appetite as mentioned in my previous post.
But not everyone falls in the same category and there are people like us who prefer holding bitcoin for long term to reap it's long term benefits.
We can only suggest people the best thing to do and leave the rest upon them but do not "guarantee" anything and always let them know the potential risks and cautions of investing to stay on the safer side.

[Solosanz]

I feel its the same case with everybody. Even I have met some people who wants to make investments and earn high returns but don't have that much of a risk taking capability.
That is why I mostly advice people to invest according to their risk appetite as mentioned in my previous post.
But not everyone falls in the same category and there are people like us who prefer holding bitcoin for long term to reap it's long term benefits.
We can only suggest people the best thing to do and leave the rest upon them but do not "guarantee" anything and always let them know the potential risks and cautions of investing to stay on the safer side.

Not everyone are happy or sustain in high risk or competitive thing, hence many people are end up become mediocre because they don't want to go out from their comfort zone. Investing in Bitcoin for the first time is hard because they need to control their mental and emotion.

It's also depend on how much they willing to invest, they might be fine to invest 5% of their wealth in Bitcoin, but as we know 5% in Bitcoin, but they hold 95% in cash, the profit they will earn will not be much.

[m2017]

Bitcoin has gone over $100,000 this year, and some analysts are predicting even bigger gains next year. With this, many financial advisors are recommending at least some caution, while investing in cryptocurrencies and making sure only a small portion of your overall portfolio is being used for investment. Bitcoin prices have fallen, but have recovered quickly after the Federal Reserve signaled it might cut rates less frequently next year, but they have more than doubled. Asset manager Blackrock recommends a 1-2% allocation to bitcoin in a portfolio that otherwise consists of a traditional stock/bond allocation due to bitcoin’s volatility. Experts like Malcolm Ethridge and David Rosenstrock weigh in on the risks and rewards of investing in bitcoin, emphasizing that it’s important to know why you want to invest. Buying bitcoin directly, investing in an ETF, or buying shares in companies that trade bitcoin each involve a number of different considerations. New investors should consider ETFs as a beginner-friendly option, but experienced investors like Douglas Boneparth prefer to hold bitcoin directly, for more control and security.

Where is your bitcoin investment advice? In your text I saw only the names of Malcolm Ethridge and David Rosenstrock, Douglas Boneparth with their statements. Moreover, these statements are completely opposite: starting from investing in bitcoin directly and in the form of ETF.

Asset manager Blackrock recommends a 1-2% allocation to bitcoin in a portfolio

Well, if you have multi-million resources, then yes, you can afford to invest in bitcoin 1-2% of the total portfolio. But if, at most, tens of thousands of dollars, then according to him, you should invest 100-200$?

I think should tell all these smart guys and their advices to f@ck off. Otherwise you will never earn properly on bitcoin.

[Baki202]

As far as you are investing and you don't have the mindset of making profit quick then I can say it is the right time to invest bitcoin. Only those who thinks of making profits so quick from bitcoin investment are always bothered if it is the right time to invest in bitcoin.  If long-term investment is what your focus is all about you will invest in Bitcoin without being worried about anything. Their is no perfect time for investing bitcoin, having doubt if now is the right time to invest can make one to miss the opportunity of time.wasted .

The mindset of making quick money is not for people like that we have to have the mindset of managing how emotions the moment we are able to manage our emotions because it will drive you to do exactly what you are not suppose to do, and with the way the bitcoin investment is going there is nothing to worry about than to have patience before investing, and this is like a compulsory investment that is suppose to be handled with initiative and not want to make quick money and sometimes that is were a lot of people are missing it so let them understand before investing.

I wonder why someone will invest and the next thing they will all be thinking about is quick profit and there is no way that you will invest and you will not get your money back, bitcoin is suppose to be a long term investment so this somthing that you would prepared your mind for before you invest one thing that people lack is knowledge and with knowledge comes better understanding so it is better to have a good knowledge first. And it is not just about the profit, and the best time to invest is when the price is down it gives more advantage, except if you want trade.

[BNBITCOINMINER]

Since 2021, Bitcoin has only increased by 50%, from 67K to 100K. Now, with BlackRock and various Bitcoin ETFs buying and selling based on any news, this volatility is not beneficial for Bitcoin. Despite Michael Saylor purchasing over 200,000 Bitcoin, the price has still declined. I believe Bitcoin will not reach 1,000,000 by 2035 due to the influence of BlackRock and other ETFs pumping and dumping at will.

No one is addressing the $200,000,000 annual costs, including developers. If the Bitcoin code is flawless, why are core developers still needed? This is not a sustainable model for the long term. Until the Bitcoin code is locked, there will continue to be potential exploits, as seen with the 184 billion Bitcoins minted in 2010.

[Miles2006]

Is it right time to invest in Bitcoin?

Yeah, anyone can start at any time although now is not the best as most people will say the perfect time to invest. A lot of early investors had the perfect price range investing but, if we should give bitcoin another long period of time I’m sure you’ll not meet this price again. At first looking at the early buyers no one thought the growth will be massive as presently a lot of people are forced to invest now because they don’t want to stand a chance missing out the market. What op actually meant seems like an advice but, holding bitcoin directly is more perfect besides invest what you can afford to hold either using any strategy of your choice it’s not a must you go all in at once.