Why are its prices rising and falling? Is now the right time to invest?

[dansus021]

I do believe that most answer here is by doing dollar cosr averaging and in my opinion this is the safest bet investing in crypto right now.

And if you ask me, Is now the right time to invest? My answer would be yes personally im following the average price of saylor or strategy avg buy. If strategy avg still above my avg this is still safe in my opinion. Just a thought anything below 60K for bitcoin is cheap in my opinion.

When you think is suitable for you then you can choose another coin or altcoin

[michellee]

If you hodl for a long term, that could be profitable as you will see the trend rising time to time although Bitcoin have correction time to reset the price.

You can use DCA as the best way to invest in Bitcoin but you need to prepare money to invest and determine the time, weekly or monthly then buy according the time you set. Don't use the money for your needs because that can disrupt your Bitcoin investment so you can allocate free money, no need too big but that is the amounts you can afford.

Be patient and continue your investment but you don't have to worry with the price changes because that is the nature of Bitcoin.

[BALIK]

So since this forum has many experienced people about Bitcoin. Can you tell me why the price of Bitcoin increases and why the price of Bitcoin decreases?

That is the nature of financial markets, and Bitcoin is also a financial market. Just think, how would we make money if the market became stable?

As for the causes, reasons, or specific factors behind that volatility, you should take time to study them further later. Because it is not too hard to find that basic knowledge these days, if you truly want to know.

Will it be profitable to invest in Bitcoin now?

You need to understand that profit in investing is the result of a combination of many factors, including knowledge, experience, and timing.

Even if this is a good time to invest and make a profit. But if you lack the knowledge, discipline, and patience to wait until you see a return, then investing now will not yield any profit.

[@nn@_pen9]

I have been wanting to invest in Bitcoin for a long time but I always have a fear about investing.

So since this forum has many experienced people about Bitcoin. Can you tell me why the price of Bitcoin increases and why the price of Bitcoin decreases?

Will it be profitable to invest in Bitcoin now?

Your intentions are actually quite good in this case, but we want to know what makes you afraid and hesitant about wanting to own Bitcoin assets. Why is the price of Bitcoin so volatile and can go up and down, because they or many people who know this asset can take into consideration to protect their assets from being eroded by inflation. and is basically determined by the law of supply and demand in the world or global market, this is what makes Bitcoin move at all times.

Investing at any time can still be profitable if held long-term. A little advice consider your daily needs and your income. If you think you have extra money, you can use it for investment. Otherwise, it's best to first determine your income and see if everything is adequately covered before entering the investment world. If you force yourself to invest with insufficient income, it will affect your investment.