Topic: Bitcoin investment (Read 474 times)
Currency depends on market conditions for investment if the demand of the market increases the price of the currencies will increase. I think now is a good time to invest in bitcoin if the price of the currency goes down you have to invest and keep it bitcoin prices are low and are likely to go up a lot soon investors who now hold on to the investment will find that if bitcoin hits $ 100k each investor will make a double profit. Don't panic if the market goes down, invest with confidence.
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You can use my Strategy, i always try to use my this strategy on my every investment actually all investor follow this strategy for better profit. First you can invest your 50% fund and if bitcoin price is Again some dump then you can invest your next 50% fund Again. This is very good for investor.
Your strategy seems to make sense. We can use that 50% fund to trade while still keeping the other 50% for back up funds if the market is dumping too deep, so we can have a chance to buy back more bitcoin. With only 50% of that funds, we can try to make a profit, and if the profit is small, that will not be a problem because sometimes, bitcoin price can jump so high, which means your profit will be bigger. But you can also use the other 50% to buy bitcoin and hold it, so you have both parts of bitcoin that can give you additional profit in the future.
Really awesome replies and very helpful. I am understaning lots more than when I originally posted.
I have committed 80% to BTC and 20% ETH (I did so last week). But I didn't invest as much as I could - I just went £500 BTC & £200 ETH.
With regards to strategy ... I dont really have one at the minute but I guess the options are to a) Hodl and add to my investment when the time is right or b) Buy and sell when the prices are right (i.e high when selling and low when buying) and then repeat.
What are your thoughts on investing more as time goes on? So for example another £200 here and there when I get paid and money comes in? People talk about a potential big peak with BTC, I would love to have a nice wedge invested if that happens. Obviously I am not risking what I cant afford, at this point I am just being cautious and it is money I can afford to "play with" so to speak.
Thanks again!
I have committed 80% to BTC and 20% ETH (I did so last week). But I didn't invest as much as I could - I just went £500 BTC & £200 ETH.
With regards to strategy ... I dont really have one at the minute but I guess the options are to a) Hodl and add to my investment when the time is right or b) Buy and sell when the prices are right (i.e high when selling and low when buying) and then repeat.
What are your thoughts on investing more as time goes on? So for example another £200 here and there when I get paid and money comes in? People talk about a potential big peak with BTC, I would love to have a nice wedge invested if that happens. Obviously I am not risking what I cant afford, at this point I am just being cautious and it is money I can afford to "play with" so to speak.
Thanks again!
We need to be wise when it comes to making investments, as if we make one mistake, it could lead to serious risk. So whenever we do such investment, it must be done carefully to benefit from.
In bitcoin investment, you may I guess minimal your risk if you can wait for a better opportunity of selling your asset with the aim of making a profit. Bitcoin investment is quite good for me but if you can wait for a perfect time of selling your bitcoin because from time to time, bitcoin will always end up with a high price in the market.
The risk was always there in any form of investment, the problem is you need to know how to avoid risk or even how to manage risk and that's will I guess makes you profitable investors. Dont invest in crypto if you don't fully understand what it is and also just prepare the amount that you can willing to wait of making a profit.
As of the moment while you were waiting for a big drop to be somehow become affordable and so that you will be able to earn bigger profit once the price pumps back, better do just observe the market movement to somehow have glimpse on how the market works so you can somehow have a better picture of understanding on how trading and crypto investment works. Have a decent knowledge by acquiring information that can help you to better understand cryptocurrency not just relying on Bitcoin but also into other altcoins that have potential. But still it is up to you if you will just be mainly working on Bitcoin alone. Just observe for a while and wait up until the price drops so you can afford to invest more and gain more.
We need to be wise when it comes to making investments, as if we make one mistake, it could lead to serious risk. So whenever we do such investment, it must be done carefully to benefit from.
I wanted to invest a bit of money (£1000 max at the minute until I understand a bit more) in crypto currency - mainly bitcoin.
I am a complete newbie so would appreciate some advice on the following:
1) When is the time to invest? I can see today that Bitcoin is up 2.5%. Is it best to wait for a big drop or just get onboard now?
2) If I wanted to put 80% into bitcoin then 20% into something else - what would you recommend?
I am using coinbase. Thanks for your time.
Bitcoin is a good investment, but the remaining 20%you want to invest, do you want to invest it in another cryptocurrency or an entirely different asset? If it’s cryptocurrency there are other good altcoins that you can buy, there is BNB and there is Ethereum and Bitcoin Cash, Chain link and so many others that are very good. If you’re investing in Bitcoin now just now that we are in a bullish market that we don’t know when it may go down.I am a complete newbie so would appreciate some advice on the following:
1) When is the time to invest? I can see today that Bitcoin is up 2.5%. Is it best to wait for a big drop or just get onboard now?
2) If I wanted to put 80% into bitcoin then 20% into something else - what would you recommend?
I am using coinbase. Thanks for your time.
But, now that it is around $50,000 might be good time to invest since it may go up to $80,000 and above. Not that I am certain of it going up to that price, but there is possibility of that. If it doesn’t, then that’s the risk we are talking about and anyone who is here should always be ready for it.
Hi Guys,
I wanted to invest a bit of money (£1000 max at the minute until I understand a bit more) in crypto currency - mainly bitcoin.
I am a complete newbie so would appreciate some advice on the following:
1) When is the time to invest? I can see today that Bitcoin is up 2.5%. Is it best to wait for a big drop or just get onboard now?
2) If I wanted to put 80% into bitcoin then 20% into something else - what would you recommend?
I am using coinbase. Thanks for your time.
If you want to buy any crypto, now it is the time to do so. As by the philisophy of all wealthy investors 'buy when everrybody else sells', so if you're serious about investing you now have an opportune time to do so. BTC being down means that all alts are down from their ATH giving you a great buying opportunity. But please never forget that no investment is 100% safe. I wanted to invest a bit of money (£1000 max at the minute until I understand a bit more) in crypto currency - mainly bitcoin.
I am a complete newbie so would appreciate some advice on the following:
1) When is the time to invest? I can see today that Bitcoin is up 2.5%. Is it best to wait for a big drop or just get onboard now?
2) If I wanted to put 80% into bitcoin then 20% into something else - what would you recommend?
I am using coinbase. Thanks for your time.
If you are going to invest for the long term, then the best time to enter the market is right now. You can wait endlessly, but there may always be a bad time for you. And then it turns out that the best time to enter was when you were putting off and waiting for better times. The bull market is ongoing and it will probably continue for a long time. Therefore, the best time to enter is right now.
It all matters with the risk that you can able to put through and this is where people differs in terms of decisions making and other factors that will really be influencing your decisions towards your investments.
This will test out your patience and will also test out your risk management because its up to someone on how he looks at with Bitcoin neither its good for long term or it would be good for shorter durations.
Wont matter if you do make out gains in small percentages because if it would be accumulated then it would be equalled nor even passed to those profits that you can potentially when you decide to hold
and sell it for long term.
I firmly believe that you should change your current exchange (Coinbase) to a different one, more specific is Binance. Binance has more options for you to choose in order to make your investment
Currently, the price of bitcoin has drop more than 20% and right now it is a good time to store some bitcoin because it has more potential to surpass its current ATH in the next few months. I always put my trust on bitcoin and ethereum as well as the future of cryptocurrencies. Many people are using them as a hedge tool against FIAT and the inflation
Your 20% should be put on ethereum if you want a absolute stable coin which has more advantages than others. Ethereum has long a part of the crypto world and therefore its reputation is the key holding the price not to fall remarkably. If you do not like Ethereum, BNB will be my last suggestion. This is a marvelous coin created by a monstrous exchange. The prospection is way more higher than Ethereum and you will have more chance to double or even tripple your funds in this year
Currently, the price of bitcoin has drop more than 20% and right now it is a good time to store some bitcoin because it has more potential to surpass its current ATH in the next few months. I always put my trust on bitcoin and ethereum as well as the future of cryptocurrencies. Many people are using them as a hedge tool against FIAT and the inflation
Your 20% should be put on ethereum if you want a absolute stable coin which has more advantages than others. Ethereum has long a part of the crypto world and therefore its reputation is the key holding the price not to fall remarkably. If you do not like Ethereum, BNB will be my last suggestion. This is a marvelous coin created by a monstrous exchange. The prospection is way more higher than Ethereum and you will have more chance to double or even tripple your funds in this year
If you are going to invest for the long term, then the best time to enter the market is right now. You can wait endlessly, but there may always be a bad time for you. And then it turns out that the best time to enter was when you were putting off and waiting for better times. The bull market is ongoing and it will probably continue for a long time. Therefore, the best time to enter is right now.
2) If I wanted to put 80% into bitcoin then 20% into something else - what would you recommend?
I am using coinbase. Thanks for your time.
You can use my Strategy, i always try to use my this strategy on my every investment actually all investor follow this strategy for better profit. First you can invest your 50% fund and if bitcoin price is Again some dump then you can invest your next 50% fund Again. This is very good for investor.
1. Traders are always monitor the pump and dump so they can invest a perfect coin on perfect time.
2. Trading is purely unpredictable so little analyse and predict our own though is a good decision.
We know Bitcoin's potentiality and this is good for a long-term investment. We just hold for many years, check the market sometimes and it all be fine. For we are just investing and we are not trading that needs us to check all day and see if we are profiting or not. That absolutely no sense when are only investing in Bitcoin.
When it's good for long-term investment why would anyone bother to watch the market 24h? Simply invest in Bitcoin, put it on the side, and don't think about it!
Trading on the other side is a risky business, you can make a profit, but you can lose your capital as well! I don't mix trading with long-term investing, and I think that you can be a good trader if you don't have something on a side holding!
You can monitor as you want, but sometimes the price movement will surprise you and if you don't have a backup plan you will be at loss! Trading is not for people with weak hearts! It's pretty much the same with gamblers!
1. Traders are always monitor the pump and dump so they can invest a perfect coin on perfect time.
2. Trading is purely unpredictable so little analyse and predict our own though is a good decision.
We know Bitcoin's potentiality and this is good for a long-term investment. We just hold for many years, check the market sometimes and it all be fine. For we are just investing and we are not trading that needs us to check all day and see if we are profiting or not. That absolutely no sense when are only investing in Bitcoin.
when investing in bitcoin I don't pay attention to the market every day just monitoring it.
But when I buy altcoins, I always check the market because I know altcoins are not for the long term but when there are those that have been targeted, I will sell them, I don't care what, what is clear is that profits must be obtained in altcoins.
I really believe in bitcoin because of the potential is quite large compared to altcoins, yeah this is just a principle but obviously bitcoin is taking us a lot longer.
When it comes to investment, see to it that we are willing to hold for many years to see a good profit on it.
Of course, long term investment is more profitable when compared to the short term. But only bitcoin and altcoin tend to have great potential in the future such as Ethereum, BNB, and LTC as well as a few other altcoin. Also make sure they have done a good analysis before investing.But I'm not sure if OP is willing to accept the challenge. With the current price correction, I think this is the best time for us to buy more, we might miss this because I was to believe that this will never drop hard as many wanting it. Or, OP has to consider Ethereum as it also declining.
Even though over the past 7 days bitcoin price has tended to fall, it is almost certain that the price fluctuation can give traders a good profit. Today the price is better than yesterday and it is profitable for traders if they buy before today.Anyways, there a lot of altcoins which is good for investment, somehow we just miss it as we are focusing more on Bitcoin.
Doge, BNB, ADA are some of the altcoin that have been pumping quite strongly so far during this bullish period. But there is not much I can do, many people just follow the flow of bitcoin movement including me. 1. Traders are always monitor the pump and dump so they can invest a perfect coin on perfect time.
2. Trading is purely unpredictable so little analyse and predict our own though is a good decision.
We know Bitcoin's potentiality and this is good for a long-term investment. We just hold for many years, check the market sometimes and it all be fine. For we are just investing and we are not trading that needs us to check all day and see if we are profiting or not. That absolutely no sense when are only investing in Bitcoin.
I think one of the best things you must need is to make a knowledge regarding with the coin you want to invest because as you said you don't have any idea where to start up and the best thing is to make your self aware about the coin you want to invest in. For me I think bitcoin is the most efficient to make an investment, well I don't make a reservation with the ETH, DOT, and DOGE still your decisions too.
You can get an idea when is the right time to make an investment base on these data given by Lucius and tranthidung
You can get an idea when is the right time to make an investment base on these data given by Lucius and tranthidung
The bull is here and bitcoin is on the middle range of this current parabolic curve.
A naively visual charts between 2017 and 2021 (price and volume).
March looks like a sideway month. There are few years that March has days in top of most profitable or bloodiest days but the range is not too wide (means not big changes). An exception is 12 March 2020 with -37.2% between open and close price.
You can check it in the raw lists or the box plot.
A naively visual charts between 2017 and 2021 (price and volume).
- Volume: Yesterday, a huge spike occurs.
- What if the price history repeats itself?
March looks like a sideway month. There are few years that March has days in top of most profitable or bloodiest days but the range is not too wide (means not big changes). An exception is 12 March 2020 with -37.2% between open and close price.
You can check it in the raw lists or the box plot.
- Bitcoin price history -- most profitable and bloodiest months, days
- I am waiting for something big in May or November (see the width of boxes in the box plot)
If you want to invest in the long term, buy BTC and ETH now, right now is the right option, and just hodl, if you want to trade, there are other interesting tokens and coins on the market
Bitcoin has undergone a correction and is currently trading around $45.5K. This caused the price of most altcoin to experience correction, including ethereum. Bitcoin and Ethereum are good choice for long-term investment, but may not be suitable if the OP is still inexperienced in the market. Anyways, there a lot of altcoins which is good for investment, somehow we just miss it as we are focusing more on Bitcoin.
If you want to invest in the long term, buy BTC and ETH now, right now is the right option, and just hodl, if you want to trade, there are other interesting tokens and coins on the market
Bitcoin has undergone a correction and is currently trading around $45.5K. This caused the price of most altcoin to experience correction, including ethereum. Bitcoin and Ethereum are good choice for long-term investment, but may not be suitable if the OP is still inexperienced in the market. Large scale price correction and fall can affect new trader and investor and have resulted in a lot of losse (panic sell). Finally, mastery of emotion and control of the market must be owned by every trader or investor even if the price is corrected. In the long term, investor may have to ignore all price correction, but in the short term I think trader should apply a cut loss system when price down.
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