I need a Bitcoin investment advice

[milewilda]

Hello, I have been wanted to buy Bitcoin for some time now and I have been looking into Bitcoin.

I want to invest some of the money I’ve got from a real estate liquidation, about 50-100k $. I am not looking for a big profit, but want to secure the value. I definitely plan to hold the Bitcoin for a few years, at least 1-2. A sudden drop in the price of Bitcoin would not scare me.

I originally wanted to buy Bitcoin at a price when Bitcoin was at $60k, but I got my money later than I thought.

When I'm paying attention to the news I hear a lot. Many voices claim Bitcoin will moon and skyrocket to new all time highs in 2025, they talk about 200k or 300k $ per Bitcoin. Others are talking about a crash to 60k $ or even lower, from which Bitcoin will start to recover. The scheme from 2020 to 2022.

Of course I want to get a good entry price and that's why I'm asking you, people who have seen and experienced a lot when it comes to Bitcoin.

I will store the Bitcoin on a cold wallet, I have already thought about it.

If you are really that trying to catch with this upcoming bull run for this cycle then you can make out at least 2x if ever the price  will be hitting up 200k on this cycle but as we do all know that there's no assurance that we will really be able to hit up that price considering that most speculation is really that playing around $150k or something that in that range on which this one isnt really that bad either. Somehow when it comes to speculations then sky is the limit and on since this is a speculative market then you could really be able to expect that there are tons of people who been expecting something more. If you do have tha 1-2 Sell time period then i would consider out on holding up my funds anf wait up for that peak bear market and make up such entry but that would really be taking up some time considering that we are still on this bull run year. If you can take up some risks then you can enter now and make purchase and sell out on bull run peak, but thats if you do able to know on whats the peak yet no one really knows about it and this is why we are really that having that kind of hindrance in speaking about entry and exits when it comes to price due to unpredictability and total random thing. Invest on what you can afford to lose so that whenever the price made out some correction then you wont be finding yourself that panicking about on whats happening.

[Dzwaafu11]

My advice is to wait the crash before buy the coins, right now bitcoin is in the ATH and the crash will come in some poin, but since your goal is to hold them for some years better wait for the prive to go down and then buy, that's the right move for the long term.

I don’t think that is the best thing to do; it is not advisable to wait till the price drops before you invest in bitcoin. The investor may use the money or spend the money on other things that are not valuable, rather since he already wants to invest and wait for a long period of time regardless of the current price before he sells, the value will be bigger than this current price. 

And a good option is to invest in different coins and not only in bitcoin, you should think about It.

Says by who, is there any coin that is worth investing your money in more than bitcoin? I can’t advise anyone to invest in any coin if not bitcoin; you are talking about shitcoins that can disappear at any time. However, you can see that the op is only looking up to bitcoin; there is not any coin that is worth putting your money into more than bitcoin.

[betswift]

If you want to get a good entry price before you will invest on Bitcoin, that means you're not ready to invest on Bitcoin, and it's obvious that what's pushing you to invest on Bitcoin is because you seen people investing because of the recent increase on bitcoin price.

There's a misconceptions about the principle of waiting to invest in Bitcoin, some people have come into the market with the same mindsets that they had about other investments and think that the same principle will be applicable to investing in Bitcoin. When they want to make investment, their financial advisor advice them to wait until the price of the property that they wanted to purchase reduced but when you try to do that in Bitcoin, you won't be successful because of your habits of procrastination that can cause you to not buy because you were waiting for a good entry price. Bitcoin price is so unpredictable hence it's better you buy when you have the money available by DCA instead of to say you'll be waiting for a good entry price.

It is predictable, but in a broader sense, as we know about cycles and the price we are aiming at.
And there is no good price for Bitcoin because every price is the best price. We know for a fact that Bitcoin will be more valued as time goes on, and it wouldn't change.

[moneystery]

There's a misconceptions about the principle of waiting to invest in Bitcoin, some people have come into the market with the same mindsets that they had about other investments and think that the same principle will be applicable to investing in Bitcoin. When they want to make investment, their financial advisor advice them to wait until the price of the property that they wanted to purchase reduced but when you try to do that in Bitcoin, you won't be successful because of your habits of procrastination that can cause you to not buy because you were waiting for a good entry price. Bitcoin price is so unpredictable hence it's better you buy when you have the money available by DCA instead of to say you'll be waiting for a good entry price.

i could say the same thing that people who want to get involved in bitcoin investment need to consider investing using the DCA method. it is simple and better for beginners who want to invest in bitcoin while slowly building their confidence. with DCA an investor does not need to think about what point they should enter the market, the point is to invest regularly using their income... and it is better to prepare an emergency fund and savings to prevent that selling when you need money.

[Zackz5000]

My advice is to wait the crash before buy the coins, right now bitcoin is in the ATH and the crash will come in some poin, but since your goal is to hold them for some years better wait for the prive to go down and then buy, that's the right move for the long term.

And a good option is to invest in different coins and not only in bitcoin, you should think about It.

This is a wrong advise actually advising him to wait for bitcoin to drop to even 60k in price before he can buy could also mislead some newbies who has the interest to buy bitcoin now and also I don't know think there is any need trying to invest into shitcoins for there is every tendercy that one might lose all his income in shitcoins instead it is better to invest in bitcoin for a long time purpose as long as you have the discretionary income to start up one can start immediately using the DCA strategy instead of waiting first for the price to drop because the More you keep waiting the more you will be procastinating to invest today, invest tomorrow at the end you see your self not starting up bitcoin investment those who choose not to accumulate Bitcoin now believing the price is high now will definitely regret not buying Bitcoin now because the price won't be what it is now in the future the price will definitely increase above what it is now so accumulating Bitcoin using DCA strategy will be better since it allows you to accumulate Bitcoin gradually either weekly or monthly irrespective of the price and hodl for long probably 4-10 and more.

[Cookdata]

I want to invest some of the money I’ve got from a real estate liquidation, about 50-100k $. I am not looking for a big profit, but want to secure the value. I definitely plan to hold the Bitcoin for a few years, at least 1-2. A sudden drop in the price of Bitcoin would not scare me.

I originally wanted to buy Bitcoin at a price when Bitcoin was at $60k, but I got my money later than I thought.

When I'm paying attention to the news I hear a lot. Many voices claim Bitcoin will moon and skyrocket to new all time highs in 2025, they talk about 200k or 300k $ per Bitcoin. Others are talking about a crash to 60k $ or even lower, from which Bitcoin will start to recover. The scheme from 2020 to 2022.

Of course I want to get a good entry price and that's why I'm asking you, people who have seen and experienced a lot when it comes to Bitcoin.

I will store the Bitcoin on a cold wallet, I have already thought about it.

This guy has not say anything since he started this thread but I will chip in my pnw little advice. I was reading everything you said but there is one place that caught my attention. You see, I'm bullish about Bitcoin price and I like to see Bitcoin in higher prices but I don't appreciate anyone speculations that Bitcoin will attained a particular price, I'm bullish and optimistic about the market but investing into the market because people say it will reach a particular price is ridiculous.

From the look of things, you really need this money because you are saying 1-2 years and nobody can say where Bitcoin price is going tomorrow. You could see the price go where you never expected but all I'm saying that anything can possibly. What if when you need the money and we enter bear market, that's going to delay you more. Just buy Bitcoin and be optimistic about the Bitcoin with longer term holding, that's the only way you win from this market.

[MamBp9]

Since you're asking for Bitcoin investment advice here, the answers you get will be almost the same. It's not too late to buy Bitcoin and if you wait long enough, you're sure to make a profit.

Bitcoin is a very valuable asset.you should not wait to invest in bitcoin because the sooner you invest in bitcoin the better off you will be. If you want to wait and invest then it is better to invest as soon as the price of bitcoin falls.

[Onyeeze]

It is clear that anything that you want to invest on if you make a research about the thing and know the advantages and disadvantages of that particular investment that you will want to invest on you can go ahead and the invest without having a double minded because any investment that you go into with the double minded or seeking advice from people who you don't know if they know the network of that business very well I think that business mighty lead you into a way that you may not understand it, is good for you to follow your mindset for any investment that you want to engage into because your mindset will give you all the modalities for you to invest and also bear whatever thing that will be the result of it

[ChiBitCTy]

I wish I had seen this earlier than just now.  I am not going to go through and look at all these responses, it would take an hour or so and I don't have the time.  What I can say is I guarantee the majority of them are pretty bad, and that it's really not the best idea to get advice from anyone about anything financial until you speak with people qualified to do so.  You don't ask your baker legality questions do you, no you ask your attorney.

There's factors here that you've not provided which make is so that if anyone is giving advice without asking for the missing pieces, it already tells you that they shouldn't be listed to.

If it's not known how much your net worth it, if you're on track to meet your retirement goals (at what age are you planning to retire?), what's your family situation like, do you have children, are they protected in case you passed away and on and on.

Typically you'd what to DCA in, not dump a bunch at once, but again not enough known info to truly help.

[MaxLevCoin]

When i first got into bitcoin, i treated it as a long term investment. I recommend holding btc for years not months especially since it tends to fluctuate in the short term. The long term growth potential is where i see the most opportunity. So I usually avoid trying to time the market and focus on the bigger picture.

[@nn@_pen9]

i could say the same thing that people who want to get involved in bitcoin investment need to consider investing using the DCA method. it is simple and better for beginners who want to invest in bitcoin while slowly building their confidence. with DCA an investor does not need to think about what point they should enter the market, the point is to invest regularly using their income... and it is better to prepare an emergency fund and savings to prevent that selling when you need money.

If someone is just starting out investing, they should separate the money and not use it at all for emergencies or other things. This helps ensure that they are not forced to sell their investments at an unfavorable time just to meet immediate needs. And it is best for beginners to be more directed towards this dca method, this method also teaches them control or emotions in seeing highly fluctuating market movements. Indeed, this method also makes investing more affordable for many people. An investor does not need to have a large amount of money to start with they can start with a small amount and gradually increase their investment over time.

[albertsmith101]

When considering Bitcoin investment, it's crucial to understand the broader world of cryptocurrencies. Researching their types, uses, and market trends can give you a strong foundation. A detailed guide like the one available here: https://www.hiddenbrains.com/blog/what-are-cryptocurrencies-and-how-many-types-of-cryptocurrency-are-there.html can help you explore various cryptocurrencies, their functionalities, and their potential.

Start with small investments, diversify your portfolio, and always assess the risks involved. Cryptocurrencies are volatile, so staying informed and making strategic decisions is key.

[Wakate]

If you want to get a good entry price before you will invest on Bitcoin, that means you're not ready to invest on Bitcoin, and it's obvious that what's pushing you to invest on Bitcoin is because you seen people investing because of the recent increase on bitcoin price.

There's a misconceptions about the principle of waiting to invest in Bitcoin, some people have come into the market with the same mindsets that they had about other investments and think that the same principle will be applicable to investing in Bitcoin. When they want to make investment, their financial advisor advice them to wait until the price of the property that they wanted to purchase reduced but when you try to do that in Bitcoin, you won't be successful because of your habits of procrastination that can cause you to not buy because you were waiting for a good entry price. Bitcoin price is so unpredictable hence it's better you buy when you have the money available by DCA instead of to say you'll be waiting for a good entry price.

Investing in Bitcoin is one of the life changing decision op can ever take that will be beneficial in a long run. Every investors need to be ready to take the risk that is involved in cryptocurrency investment. It is not good for op to procrastinate because this is one of the reason why many investors would keep complaining about price not reaching their buying limits. It is good for op to take a decision now especially buying some units of Bitcoin before the price will hit a height that could be very difficult to reverse to.
If op have ideas about trading, I think that would be an additional benefit to know when to enter the market and when to leave the market. This is very important because it will help to make good decisions about the market.

[JiiBs]

When I'm paying attention to the news I hear a lot. Many voices claim Bitcoin will moon and skyrocket to new all time highs in 2025, they talk about 200k or 300k $ per Bitcoin. Others are talking about a crash to 60k $ or even lower, from which Bitcoin will start to recover. The scheme from 2020 to 2022.

Of course I want to get a good entry price and that's why I'm asking you, people who have seen and experienced a lot when it comes to Bitcoin.

Your skepticism is welcomed and I would say, it’s the edge you’ve got now over those that would just invest without having to entertain such thoughts and hear from those that have been in the field long enough to have an opinion.

DCA has been the cost effective way to actually buy Bitcoin and it works by you not having to buy in bulk. I get it that, you hope to buy Bitcoin at a very fair price, though you might not be affected by the dump given your long investment plan for Bitcoin, you would still like to buy at some price close to the dip or some price below the standing ATH.

Well if that is your fear then, I would say, any price above $100k isn’t that price. You might have to hold up for the coin to dump below that and buy right off. Any price between $90-99k should be good enough. Even then, you could buy with 20-30% of what you’ve got at the current price and wait for the coming days for buying even more.

[Baki202]

It is clear that anything that you want to invest on if you make a research about the thing and know the advantages and disadvantages of that particular investment that you will want to invest on you can go ahead and the invest without having a double minded because any investment that you go into with the double minded or seeking advice from people who you don't know if they know the network of that business very well I think that business mighty lead you into a way that you may not understand it, is good for you to follow your mindset for any investment that you want to engage into because your mindset will give you all the modalities for you to invest and also bear whatever thing that will be the result of it

Anyone intending to invest in Bitcoin should prepare their mind that they will have to research before they can do anything without knowing the fundamentals of what they are investing in. Knowing your investment makes everything very easy for everyone because you have to have a plan of how much you want to invest and an estimation of how you want to do deductions when you start making a profit. After all, a lot of people do not even know when they are supposed to be making a profit when they start making one. And even if you seek advice, it will be better to read more and also learn to follow when the price will go up and when the price will come down and all that will be in the market, and there is no way that you will look into the market and you will not have a double mind because there is no way that you will be happy with the way the price has been going up and down when you understand all these things properly. That is when you are going to be able to enjoy your investment because, without proper understanding, you might just want to give up

[Reatim]

What I can say is I guarantee the majority of them are pretty bad, and that it's really not the best idea to get advice from anyone about anything financial until you speak with people qualified to do so.  You don't ask your baker legality questions do you, no you ask your attorney.

how do you say who is qualified or not? we don’t know each other’s real life professions here in the forum and besides i think when it comes to crypto or bitcoin specifically your attorney would not be of much help

many members in the forum have learned about crypto for years and have many years of experience under their belts when it comes to holding and trading yes a lot are probably just spewing nonsense but i think there are some sensible advices here

it doesn’t mean of course that you should blindly follow these “good” advices just use them as your guide nothing more

[Justbillywitt]

Hello, I have been wanted to buy Bitcoin for some time now and I have been looking into Bitcoin.

I want to invest some of the money I’ve got from a real estate liquidation, about 50-100k $. I am not looking for a big profit, but want to secure the value. I definitely plan to hold the Bitcoin for a few years, at least 1-2. A sudden drop in the price of Bitcoin would not scare me.

I originally wanted to buy Bitcoin at a price when Bitcoin was at $60k, but I got my money later than I thought.

When I'm paying attention to the news I hear a lot. Many voices claim Bitcoin will moon and skyrocket to new all time highs in 2025, they talk about 200k or 300k $ per Bitcoin. Others are talking about a crash to 60k $ or even lower, from which Bitcoin will start to recover. The scheme from 2020 to 2022.

Of course I want to get a good entry price and that's why I'm asking you, people who have seen and experienced a lot when it comes to Bitcoin.

I will store the Bitcoin on a cold wallet, I have already thought about it.

Well by now you must have seen what procrastinating has done to you. Had your money come on time, you already had the chance of getting a good entry at $60k. But that's by the way. I want you to understand that you don't rush to invest in bitcoin because of the hype you are hearing on social media, or people around you. Before you invest in bitcoin you need to have this self conviction that bitcoin is the future of money. You have to believe in it on your own, only then can you hold your bitcoin for a long time. So don't on't rely on what others are just saying and make your investment decision. You have to do your own homework.

Also if your intention is to invest in bitcoin for a long term, the 1 to 2 years you are talking about is not long enough. You need to invest in it and hold up to at least one full circle. That being said you have to invest only money you know you won't bee needing for the next 4 years.This way you won't to be under any pressure even when the bitcoin crash finally comes. As for the price hype getting to $200k to $300k, nobody is certain about that it's just mare speculations. Same goes to the price dumping to $60k. That being said, buy your bitcoin once your money is available. Don't go all in at once, you can buy it in batches utilising the DCA strategy.

[Hamza2424]

Hmm, OP never appeared after the start of this thread and I'm sure he hasn't even gotten enough time to read comments after the first page, Most people here including me and you and everyone else need money to invest haha not any advice as most of us are already familiar with the market and someone who got to know about the forum, he doesn't even know the basics of the market and Bitcoin it's really hard to belive.

[YOSHIE]

Of course I want to get a good entry price and that's why I'm asking you, people who have seen and experienced a lot when it comes to Bitcoin.

If you choose to invest in Bitcoin, the most importantly embedded in your mind is determination and belief, you must look at Bitcoin that will never go down again, You have to see the history of the birth of Bitcoin until now, if you are hesitant you should not make an investment in bitcoin looking for alternative investments elsewhere.

The current price of Bitcoin is $104k, you have to be sure that is not the highest number, you have to believe that Bitcoin can reach a price of $200k in the next 2-5 years, if you have mature thoughts like that then you can invest, If not when the price of Bitcoin drops to the price of $ 80K and stay there for one year you will panic, so that you make the decision to sell it, if you do it fatal.

For this reason, confident in yourself in terms of investment and assets you want to invest, for example bitcoin, wrong and hesitant backwards.

[virasog]

Hmm, OP never appeared after the start of this thread and I'm sure he hasn't even gotten enough time to read comments after the first page, Most people here including me and you and everyone else need money to invest haha not any advice as most of us are already familiar with the market and someone who got to know about the forum, he doesn't even know the basics of the market and Bitcoin it's really hard to belive.

Even if the OP not active and doesn't respond on these advices still there may be many newbies who might want to invest in bitcoin and some advices make click them and they may buy bitcoin.

The altcoins dumping all the time and it is only bitcoin that is the future. So my advice to all of those people who do not have much capital even then they should try to accumulate satoshi's and focus on Bitcoin as it will give them good returns in the long run. Accumulating only altcoins will only ruin their money.