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.

[Shinpako09]

Btc has come a long way already. Many people doubted that btc would reach $100k before, but it did. Don't let your fear make you miss a good opportunity to earn.

Also, there is no investment without risk. Every investment comes with risk. Are you planning to hold it long term? Technically, this is one of the best times to buy because we are still in a bear market. The current price is still considered low. It will likely go above $100k again once the bull market returns.

Also, if you're going to hold it long term, don't get nervous if the price falls below your entry point. That's basically normal, so don't worry too much coz it can go back up again. Keep in mind that you shouldn't stress yourself trying to figure out the exact bottom or peak. Just accumulate during the bear market and sell during the bull run. Only invest money that you can afford to lose.

[pooya87]

Nobody can answer this question except you. Just look at the price chart for the past decade+ and you will start forming a better view of the market and how things work here. You will notice similar "rises and falls" across the chart. That's been the story of this volatile market. But what's important is that it always rises in the long run.

Another thing you need to answer (to yourself) is "why" you want to buy bitcoin. Is it just to make a quick buck? Or do you actually like the idea of decentralized money. If it is the former, then you'll make more money trading shitcoins in the altcoin market even though it comes at a higher risk. But investment in anything should be done after you see the potential in that thing. And to see the potential in Bitcoin, you first have to understand the benefits of decentralized money, the only decentralized money in existence.
Then you won't be bothered by these common fluctuations any longer.

[Promocodeudo]

If I'm to answer this question I will say that the time to buy is today, tomorrow or anything as long as your discreationary income is available, op I think you're looking for a validation from people before you can buy right, that's funny, Bitcoin investment you decide when to buy no one plays that role for you, so you should buy when you have made up your mind to do that you won't blame people for anything,  a little but of spices to what I have said, if you finally decide to invest, just make sure you don't put your mind in quick profit, long-term should be your target so that you don't get disappointed while hoping for something that might not be realistic in short term.

[Out of mind]

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?

If you want to invest in Bitcoin, first of all you have to remove your inner fear. You cannot invest so easily, you have to gain good experience in the beginning, then enter the investment. It is normal for the price of Bitcoin to be volatile, you have to accept it and invest, you can face losses at any time due to market volatility. However, I think you need to understand better before investing, since you still do not understand these things why the market price increases and decreases, I would say that you should learn these things better first. Basically, to invest in Bitcoin, you need more knowledge, investing without gaining skills can be risky for money. Moreover, if you invest in Bitcoin profitably, it depends on the time a person invests and how long he can hold it.