Best time to buy BTC NOW? - page 14.

Samlucky O

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Quote from: roller33 on January 25, 2024, 03:33:38 PM

As you might know, the price of bitcoin reached its lower point since last month.

Should those who want to buy more do it now or do you believe we'll see the bitcoin price get down a little more?

I don't think they should wait for Bitcoin price to drop a little. Bitcoin price movement is unpredictable, it might be the last dip for someone to afford it. Because knowing that it has reached #49k after ETF approval, that Is to say that it might surpass Bitcoin price after the ETF approval. Or grow to meet the formal Bitcoin ATH or above. So in conclusion now is the best time to invest.

freedomgo

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I believe this is the best time to buy. While some people are becoming fearful, then chose to be greedy this time and continue to accumulate bitcoin as much as you can. No need to wait for a lower price drop, as we can’t be certain that bitcoin price will continue to dump. However, DCA is the key. Regardless if the next price will be more expensive or cheaper, at least you have made a maximum purchase already while bitcoin price is low.

Dr.Bitcoin_Strange

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In my opinion, there are only two kinds of people who are not buying Bitcoin now. The first are those who don't have the capital to buy more Bitcoin, and the second are those who are still believing that the price will go below the current price.

Normally, there is no time that is not right to buy bitcoin, but it all depends on the investor and how long he or she intends to hold onto their bitcoin. As a matter of fact, there were some people who bought Bitcoin during the last all-time high of 2021, and they are still holding their coins today.

Two weeks ago, the price of bitcoin was $47k, but today it's dropped to $39k+, and I see that as an opportunity to even buy more. The best strategy to start accumulating Bitcoin now is by DCA (dollar cost average). Even if you are predicting that the price of Bitcoin will drop to $35k, you can still buy some fractions at the current price and hold for a week or two as you watch the price. There is every possibility that the price might not even go according to your expectations.

hatshepsut93

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There's a saying - "don't be the perfect be the enemy of good". Many less experienced traders are so focused on finding "the best" price that they actually miss out entirely on even just good trades and then wait for long time to make one, or even become demoralized and cut their losses.

In this current situation it's not important whether the price will slide further or will bounce back soon. A bull market is nearly 100% guaranteed to happen, so why not just buy now and avoid risking missing the opportunity to see the price skyrocket while you wait for "perfect" opportunity?

sokani

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Quote from: roller33 on January 25, 2024, 03:33:38 PM

As you might know, the price of bitcoin reached its lower point since last month.

Should those who want to buy more do it now or do you believe we'll see the bitcoin price get down a little more?

Some here were talking about rumours of BTC being purchased from Saudi Arabia, but well, that's just a rumour.
But people tend to panic and sell, so this might be the best moment to buy as much btc as possible. What do you think?

Whether the Saudis are responsible for slump of bitcoin from $49k to $40k, I really do not care. This is just FUD and the market will bounce back. An investor should see the dip as an opportunity to buy and hodl, there's no guaranty that bitcoin price is going to dip further. So It'll be unwise to be waiting for another dip before buying, what if this never happens? A smart investor will DCA now, and if the price dips further, you'll just keep DCAing.

so98nn

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Just buy it because anyways its gonna pump up pretty soon. Bitcoin isnt asset that needs to be bought now and then. It has to be bought with proper strategies like DCA. The reason is Bitcoins instability. The same feature makes it easy to buy and sell at versatile prices. Well if you pick up the chart history then its simply evident from that how Bitcoin performing over the years. Needlessly just buy it with DCA and wait for the nice profits in the future.

Orpichukwu

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The best time to buy bitcoin is when the money is ready for you to use and buy it, because the price of bitcoin is unpredictable, even if the price is high.

When you want to buy it, I will always advise you to buy it and remove your mind from it because if you wait for the price to drop, you might either use up the money or the price of bitcoin might end up going up, so it's either you buy when you have the money or you can just use the DCA method in order to not feel the price impact.

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Quote from: roller33 on January 25, 2024, 03:33:38 PM

As you might know, the price of bitcoin reached its lower point since last month.

Should those who want to buy more do it now or do you believe we'll see the bitcoin price get down a little more?

Some here were talking about rumours of BTC being purchased from Saudi Arabia, but well, that's just a rumour.
But people tend to panic and sell, so this might be the best moment to buy as much btc as possible. What do you think?

If you want to buy bitcoin just do it, I say this because over the many years I have been on this forum I have seen many posts like yours before, and whenever those users doubted about buying bitcoin because they thought they could eventually get a better price, this made them to get paralyzed and they refused to buy bitcoin, then once the price recovered they did not wanted to buy it and wanted bitcoin to at least drop in price to its previous level, and when that did not happened they eventually missed a monster movement and never bought any bitcoin as a result of their indecision.

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Quote from: criptoevangelista on January 25, 2024, 04:03:50 PM

The best time was at the end of 2022. But as it is impossible to know, the best thing to do is to buy little by little at an average price, the famous DCA. It is impossible to know tops and bottoms, they are always probabilities.

I have always appreciated users who invest in the Bitcoin investment with the very little amount of money you have in your disposal. What makes it a good thing to do is, if you can consistently put in some money to the investment purse through the DCA approach. In this kind of approach, you do not really need to invest your life savings but set some little amount of money aside and put the money there while It grows gradually with the market trend.

Aside from the affordability issue, what is also good is that you can mitigate any risks that is attached to the volatility of the bitcoin market. Like the OP mentioned, one can predict the market trend but with DCA approach, you cannot only understand the market trend, but also learn the way the market performance over time. For instance, you can discover some metrics you can use to master the way the market moves and can be monitored efficiently through the progressive knowledge Ione must have gathered there.

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The best time to buy Bitcoin was a decade or more ago but if you are newly aware of Bitcoin & haven’t bought any yet, the next best time is right now. Protect your purchasing poser from the stealth tax/theft that is inflation. Bitcoin is the present & the future, be on the right side of it.

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Quote from: roller33 on January 25, 2024, 03:33:38 PM

As you might know, the price of bitcoin reached its lower point since last month.

Should those who want to buy more do it now or do you believe we'll see the bitcoin price get down a little more?

People repeatedly say that buying Bitcoin is always when the situation is experiencing a decline, meaning the current price is half of Bitcoin's last all-time high.
If the question is should it? Not necessarily for those who don't want to buy and get big profits when the Bitcoin price rises high past the last ATH price. Why not have to, because buying Bitcoin is done by conscious people who know the uses and use of Bitcoin.

People who are still in doubt will always think of postponing it until the price decreases again from the current price. For optimists who understand the use and use of Bitcoin, the word should does not apply.

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But people tend to panic and sell, so this might be the best moment to buy as much btc as possible. What do you think?

People who are thinking about selling, he has already made a profit of tens of percent of the purchase price. People who still hope for more will hold until the price breaks above the last ATH.

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Quote from: roller33 on January 25, 2024, 03:33:38 PM

As you might know, the price of bitcoin reached its lower point since last month.

Should those who want to buy more do it now or do you believe we'll see the bitcoin price get down a little more?

Nobody should tell you when you are supposed to buy your bitcoin, it’s left for you to decide that on your own. Make sure you do your analysis, and if you think it’s the best time to buy, then you can enter the market. If anyone ends up telling you to start accumulating bitcoin, and immediately you buy, bitcoin starts dumping more, who are you going to blame for that? Or let’s assume you are asked to wait first before buying bitcoin, then the price bounces back, and then you are going to put the blame on the person who gave you the advice. So to me, you are the one that should decide if you will buy or wait, nobody should decide for you.

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Quote from: roller33 on January 25, 2024, 03:33:38 PM

As you might know, the price of bitcoin reached its lower point since last month.

Should those who want to buy more do it now or do you believe we'll see the bitcoin price get down a little more?

We get to tell always if you want to buy, do it before the halving happens or even if the halving is done but there's not that much price action yet. And typically, even there's no halving, we always say that the best time to buy is right now before the bull run.

Quote from: roller33 on January 25, 2024, 03:33:38 PM

Some here were talking about rumours of BTC being purchased from Saudi Arabia, but well, that's just a rumour.

Where do you get these rumors? but with the known quote from investors or traders, it's always like this; "Buy the rumor, sell the news".

Quote from: roller33 on January 25, 2024, 03:33:38 PM

But people tend to panic and sell, so this might be the best moment to buy as much btc as possible. What do you think?

Those panic sellers will learn it eventually that they shouldn't do that once they get used to the market. So, buy when you are ready and you have money prepared for spending.

Assface16678

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Two different scenarios or options: yes, as long as the bitcoin price is much lower, it is a good opportunity for those small investors to enter the market, buy a portion of bitcoin through satoshi, and wait for the increase in price, but of course it should be done with more knowledge and analysis in the market because we never know the price might drop even more. Why? Simply because of the panic, because of the recent decrease in price, many investors tend to panic and sell some or all of their bitcoin assets. That's why the price dipped even more. This could be an opportunity, but there is a risk. Knowing bitcoin, I don't think it will disappoint.

The second option is to just wait and wait until you miss the opportunity. If you can't take the risk because you are afraid of the dip, then better not enter the market. For those people who are saying that it will keep on dipping, so what? It doesn't mean it will lose its price; for others, seeing bitcoin dip is risky and dangerous, but for knowledgeable investors, it is an opportunity.

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Quote from: roller33 on January 25, 2024, 03:33:38 PM

As you might know, the price of bitcoin reached its lower point since last month.

Should those who want to buy more do it now or do you believe we'll see the bitcoin price get down a little more?

I'm not sure if you have heard of Grayscale trust, it was set up some years ago for some traditional investors that wanted to buy bitcoin, so Grayscale set up a trust for people to buy bitcoin and when bitcoin increased in value, the investors get profits from their shares and there equivalent amount of Bitcoin with Grayscale but since ETF has now been approved by the SEC after many years, they are selling the trust because traditional investors are moving to the recently approved ETF Bitcoin and that's why bitcoin is dumping.

I will called the sell off temporary selling pressure, by the time they are done with it and more people but bitcoin, the halving will kick and have more upside for Bitcoin as a new bullrun. So I will tell you to buy some bitcoin and hold even if there is no signal about that yet.

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Some here were talking about rumours of BTC being purchased from Saudi Arabia, but well, that's just a rumour.
But people tend to panic and sell, so this might be the best moment to buy as much btc as possible. What do you think?

What do you mean Saudi Arabia will buy bitcoin, what's so special about it? If they are not making Bitcoin a legal tender then to me, it's useless because is just like any other regular investors buying Bitcoin and holding it. Even the US government has bout 2% of bitcoin total supply under their wallet and they are holding like normal other investors.

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Quote from: roller33 on January 25, 2024, 03:33:38 PM

As you might know, the price of bitcoin reached its lower point since last month.

Should those who want to buy more do it now or do you believe we'll see the bitcoin price get down a little more?

Some here were talking about rumours of BTC being purchased from Saudi Arabia, but well, that's just a rumour.
But people tend to panic and sell, so this might be the best moment to buy as much btc as possible. What do you think?

Whenever there is panic in the market the best entry time and waiting for more opportunities to come could lead to missed opportunities due to the market volatility in nature and hard to predict sometimes.
What I can say now is that the market has changed from the previous market we have seen and the organization that filed for spot ETF will want to be the major player in the market to make the best out of whatever they do in the market always DCA every dip.

2Pizza410000BTC

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Quote from: roller33 on January 25, 2024, 03:33:38 PM

As you might know, the price of bitcoin reached its lower point since last month.

Should those who want to buy more do it now or do you believe we'll see the bitcoin price get down a little more?

Some here were talking about rumours of BTC being purchased from Saudi Arabia, but well, that's just a rumour.
But people tend to panic and sell, so this might be the best moment to buy as much btc as possible. What do you think?

We have seen Bitcoin improve its price slightly due to the news of Bitcoin ETF approval but after the approval, a lot of blood has started in the Bitcoin market. We also know that the market will be dumping a lot before the bitcoin halving. If the market is dumping before the Bitcoin halving then we can assume that the current dumping tie is a pre-Bitcoin halving signal. Anytime is perfect for an investor to invest in Bitcoin. But for those who invest using DCA method any time is perfect and for those who invest without DCA the current time is more perfect. But for those who have not invested and have prepared to invest, I would say that you must invest from this dumping market. If you miss this opportunity now, you may not get such an opportunity later. And even if the market becomes more dumping from here, then you can't lose patience, you have to be patient.

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If we talk about the best time to buy after the last bullish era, it will be in the lowest price happened in 2022. Yeah of course, but it doesn't mean to stop accumulating again the BTC right now.

But on the other hand, actually It's always a good time to buy, whenever if we have the money, just buy it and hold. As long as it is on the bullrun era, there are still chances for us to get the investment profitable. But, ensure that we manage our money to buy the Bitcoin itself.

Of I see, some prefer to do DCA. why not?

criptoevangelista

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The best time was at the end of 2022. But as it is impossible to know, the best thing to do is to buy little by little at an average price, the famous DCA. It is impossible to know tops and bottoms, they are always probabilities.

roller33

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Quote from: btc78 on January 25, 2024, 04:00:53 PM

Mate asking other people when to buy or sell your bitcoin is not the best move it is your money and no one knows it nor yourself the most than yourself if you know you already can afford the current price then just buy it waiting too much might lead you to missing an opportunity Wink

I'm not really asking when to buy. My point is that this might be a good time to buy more BTC.

I sure can benefit from some good advice, but I think you misunderstood my point here.

But thanks for sharing your opinion, bro!

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