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.

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!

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.

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.

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.

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.

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

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.

Hello dear, if you think that you want to invest your 80% fund on Bitcoin and 20% fund on other coin, then i agree and support your decision. Becouse as my opinion many coin investment strategy is better profitable way. So you can do this.             

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.                   

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!

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.

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.

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.

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.

Well, I'm not sure but most of us here are not been in 24hrs watching the market, do the monitoring, and all of these things are not so important and why? Because it only taught you to become panic when seeing the red line. 

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

When it comes to investment, see to it that we are willing to hold for many years to see a good profit on it. 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.

Anyways, there a lot of altcoins which is good for investment, somehow we just miss it as we are focusing more on Bitcoin.

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.

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

I would say get on the board as soon as possible because there are some serious talks about $100k very soon, which might not happen but if it does, you would regret having money in hand but kept waiting for the right time. And one thing I can assure you, no one here on the forum knows which direction Bitcoin will move next. All we know is that overall the price movement is going to be upwards.

Not a bad idea but don't allocate too much towards unknown and new coins, instead go for projects which have a decent market cap like BNB, ETH and maybe DOT.

Its your call and its your money but if I was having the money and wanted to invest, I would go all in bitcoins looking at how much investors are jumping into the BTC market.

Completely agree with that and any investors looking to buy and store bitcoins for long term should not be too bothered by the small fluctuations and shouldn't wait for a correction to happen because it might not happen and the price could reach even higher by time you plan to buy.

If you are a day trader though, I would say wait a little bit because the price is really high and you might not be able to get profits as quickly as you might want by selling.

(I am seeing some people are advertising their own services here (with paid subscription), I am recommending not to give any attention to such things as their initial step to promote their services is not in preferred manner.)

Bitcoin investment is always good for long term correction so we always make good return in crypto investment. The current bleeding market is little hard to choose Bitcoin so we can move on other altcoins.
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.

Have you buy bitcoin?

Bitcoin price is decreasing right now, seem like a correction is coming so you should be carefull if you don't have a good prediction, unless you choosing it as your long term investment, then you have to be comfortable because it will give you a good return.

As for an altcoin that still reccomended to buy is ADA (Cardano) this is a good coin. I've been holding it from this coin start to updrade its system to shelley and I still hold this coin until now. Although it has been giving me a huge profit for almost 70% from my initial fund I will not sell this coin, my target price is $3, so you can try it.

The market condition is currently bearish and all coins are experiencing a decline in price due to bitcoin's deep correction. In a situation like this, a newbie or an expert is not recommended to enter the market because the risk of the decline in bitcoin prices has not stopped. You have to pay attention to market conditions first. Use a really mature strategy to get into bitcoin. Wait for the price to rise again and the uptrand occurs again. Now stay away from the market first. Don't waste your money for nothing, it will also disturb you mentally. If you are already signed in, keep holding and waiting for the price to rise, you must have a target price that you want to achieve.

Won't be really recommending a newbie to step in buying Bitcoin if they don't know anything about trading at all also we need to consider your emotional capacity if you can take Bitcoin/crypto trading because in my experience I have seen a lot of newbies who entered the market because of the hype and then later on losing their minds and money together because they don't have any plan at all after buying their first crypto. I suggest is for you to practice trading on a platform that allows you or just in a crypto portfolio management app and do mock buys and sell and see how you progress. If you don't have the time and patience for that and you are willing to lose your 1,000$ then just go ahead and feel the market as you please.

Don't get into bitcoin now becasue the market still showing signs of fall against the current buy, According to what we heard about bitcoin price, the price will dippen towards $30k before institutional buyers will step into the market even though they do the impact won't be felt seriously. Also, i would advise you not to buy all portfolio to be bitcoin, diversification should be a good idea for your investment becasue there are coins that can make more profit than bitcoin in a short-term.

1. Just get on board.
2. BNB, ETH, or LTC. Any of those or you can actually buy all of them with the remaining 20% and just equate and divide the amount dedicated for the remaining 20% into three.

Good thing I never had a bad experience yet from my bad habits back then. I still have some BTC in my web wallet but I still hodl some in a separate wallet that is just purely intended of hodl purposes.
My web wallet is particularly for side purposes or quick service to use my Bitcoin at because I am aware the risks in holding in custodial wallets. heh.

That is the DCA method and it works %100 every time. I have done this, bought when it is going down AND up, bought in any price, and eventually bitcoin always goes up. Of course this is a long term thing, it is not a let's do it today and be in profit tomorrow thing, it is more like let's do this and be in profit 6 months later type of deal.

It is going to be hard, but it is not going to be impossible, it is going to be a bit more than exciting and anxious at the same time, you will see it go down sometimes, and be sad about it, and you will want to sell it when you see it going down a lot, everyone feels scared, even the richest people in the world feel a bit scared, but you have to end up not selling so that you could profit later on, that is where the real rich people become rich because they wait no matter what and they make a profit from it.

1. Yes, it is best to wait for a big drop that can happen anytime than to buy at the current price.
2. For that 20%, maybe you can buy ethereum or BNB or you can buy both ethereum or BNB for each 10%.

But you can buy for 100% in bitcoin, and then you can buy ethereum or BNB using your bitcoin. The other thing that I can suggest you make at least 3 orders buy to prevent if the price is down for more so you can get time to buy bitcoin at a lower price.

Hey so the best time to invest in Bitcoin would be now. This holds true a year ago and five years ago, but in order to spread out your risk I would take advantage of Dollar Cost Averaginghttps://www.mininvesteringsguide.dk/dollar-cost-averaging. This would help spread out your risk.

Coinbase is a good idea if you are a complete noob, however, they have quite high fees compared to Binance for example.

Spreading out your investment could be a good idea, but I would not invest in smaller cryptos stick to the ERC20 tokens.

Best of luck 

1) Buy some bitcoin with 20% of that 80% that you're willing to invest in Bitcoin and keep buying more bitcoin if it goes down more and add %25 for the next buy and add 35% more to your stack if it goes down even more, in other words never go all in at once, laddering buys and having some capital on the side to buy cheap always helps to give you way better average entry price and minimizing your exposure to risk.

2) Since you're a beginner start with high cap altcoins like Ethereum and Litecoin, low cap altcoins are high risk/high reward but it's better to avoid them till you get some grasp on trading and crypto market in general.

If you are planning for a long-term investment you can buy Bitcoin at its current price. But if you are intending a short term investment, can wait
for the price of Bitcoin to fall even further, if Bitcoin drops below $ 40k it is a very good time to buy Bitcoin for short term investments. Then I agreed
to use investment capital by buying Bitcoin with a larger percentage, because Bitcoin is the safest for investment. Then the remaining capital that is
owned can buy some altcoins. If your capital is large, don't keep your Bitcoin on Coinbase, because it is very vulnerable to being hacked. It should
be stored in a hardware wallet which is much safer.

After you learn more, hurry up with using CoinBasePro (less fees,) but up to that time (understand what you are doing) sticky with coinbase.

Now there are two aspects, one related to Coinbase and the other related to Bitcoin.


Coinbase is a suitable place to buy and sell Bitcoin read them TOS and contact with support team.
when you want to *HODL* your bitcoin you should use save wallet < read more about it^[1] > and how to secure your wallet.

As for the strategies of buying and selling, there are many of them, for newbie it is better to use DAC or Buy the dip (buy when bitcoin price down with 20% to 60% or more)

it is better to learn using @aantonop --->  https://aantonop.com/workshops

[1] https://bitcoin.org/en/choose-your-wallet

I think this is a good time to enter, because there has been a bearish wave in the past days and it is preferable to enter now because the market is expected to rise again.
Choosing a small amount as a start is a good thing so that the risk is low until you understand the market well, and it is also good for you to choose 80% of Bitcoin because it is the most popular main currency that dominates the market.
As for my advice to choose another currency with Bitcoin, I recommend that you currently buy the BNB token because there is a very good movement these days on the token and it can make good profits from price movements.

1. There is no "best" time to invest. Don't wait for a drop. It may never happen or you may never know if the price has reached its bottom. Just get onboard now. Make a profit goal. Once you reach, sell it. Remember, invest only what you can afford to lose. Invest money that you won't need.

2. Good that you are investing most of your coins in bitcoin. For the rest 20%, look for some coins that you think have potential. Avoid lesser known coins. Go for coins like Ethereum.

We can communicate on LINE, LINE: nana9946

1) You have to realize that bitcoin has always been very volatile and will remain volatile for the foreseeable future. So you have to be ready to see big swings at any time. With that said bitcoin has a lot of potential in long term, as we have seen back in 2018 when price was dropping the potential was there even when price went from $20k to $3k it was excellent time to buy at any of those prices since as you see today price is $50k but it took 2 years to get there. Hence the long term potential.

2) Any traditional asset such as gold, stocks, ... that you feel is a safe option and  you have some experience in their markets. Whatever you do you should never "invest" in altcoins. They are useless and without any long term potential and they are always losing value against bitcoin whether bitcoin price goes up or down.
Later on when you gain more experience, you can choose to trade altcoins instead but never invest.

He can't use Binance without KYC because he needs to deposit his fiat somehow to the exchange. I guess he can always go to a bitcoin ATM but I am sure the fees are still crazy high for bitcoin atms like before at 10% or so. Hence why he should just stick with Coinbase.

He also can't buy DASH or XMR on Coinbase. He can buy ZEC instead. I don't think Coinbase will list either coins in the near future. Even Bittrex removed all 3 (XMR DASH and ZEC) due to all the regulatory hurdles that are going on with the regulators in the USA.

Invest now so that you can get so much profit from your investment. Now that bitcoin price is still increasing in the market that is making many traders think it will soon dump, that no one should invest on bitcoin because bitcoin started pumping last year.

Invest when the price of bitcoin decreased in the market, it will help you to make a good profit from your investment.  Since this year is the year of bitcoin anytime you invest on bitcoin you must surely achieve huge profit from your investment.

I don't recommend you to use Coinbase, but you can use Binance because that site allows you to skip the KYC, which is the important thing that we should be careful about by sending the document to any third party.

You can use £250 as a start while you can learn more about trading or investment. If you want just to have an investment, you can buy bitcoin at any price you want, but it will recommend if you can wait for a while until the price is down. The price now is back to $49k-$50k, so I guess you need to wait for a while and don't rush to buy bitcoin.

You can invest 80% in bitcoin and 20% in ethereum or 20% for 2-3 coins at the same time. But you need to be careful because the altcoin is following bitcoin price movements.

Though it's heavily not recommended, you can do that if that's what you prefer.

..if you want to be a part of history, that is; a really BAD side of history: https://cryptosec.info/exchange-hacks

Yes.

If your goal is to buy bitcoin and go for a long term investment, you can actually buy now and make a goal profit. Since this is a risky step, others are afraid they might fall because theyve seen btc from the dip and wanted to wait that happen again before buying again. But it is hard to wait for the price of it as 10k usd before, so if you wanted to atleast take a risk. Find a good entry of buying by checking some technical analysis and go for a long term trade.


I always suggest eth, ltc and other defi coins that offers  a good platform. But you can consider other coins too that actually been progressing well recently as it is always good to put many eggs in the basket to diversify your investments.

Any time bitcoin has a correction around -15%, you can buy it up. Price can fall deeper than -15% but soon it will rally well. Note that I can not give you any guarantee that you will get profit 100% when you buy dips like that. The market is unpredictable, no one can. But bitcoin has a bright future to rise more in value as its halving in block rewards each 4 years, its fixed total supply less than 20 millions, its lost amount of bitcoin and more importantly bigger adoption is coming.

You missed a great price to buy a dip 3 days ago and if you don't want to join now and want to join at lower price, you can wait for price about $41,000.

Good with this allocation: 80% into bitcoin and 20% rest into altcoins (something else means altcoins).

- DASH: an old altcoin, big communities, big use cases in many nations.
- XMR: privacy coins is the future and you must be bravery to ignore drama.

I think you need to wait for the dip. Investing in bitcoin this time of bull market is very risky, but it is always depend on you because i see that the bitcoin this time is still rising even if it it now in a very high price. I suggest you to prefer on some altcoin that is promising  whike waiting for the bitcoin dip, because there are so many altcoin that is now rising example xrp,doge,etc,.

For now, the best options is to wait for the biggest drop mate, and maybe you should at least find something else on binance aside from bitcoin while it's not yet going down. I would suggest 70% budget for btc by time massive corrections commences, then 30% of that goes to other potential coins like reef or xrp which got the highest potential to grow.

About the time to invest which is one part of Op's question, it is at the bear times so that price don't start appreciating while you still trying to make up your mind. Bitcoin price don't wait for procrastination. But the issue about it is that nobody knows when the bull will come back.

1. Depends on what you do intent to do neither you do like to do active trades or simply would just hold for long term.If you do choose long term hodl then buying on any price point wouldnt be an issue but if you do talk
    about on scalping out small percentage profits then you would need to find the most possible bottom price or pullbacks and this is where trading knowledge and skills will vary into each and everyone.
   Not all would have the same skills and only the best ones could really able to make profitable.

2. Its a nice allocation when putting up 80% of your portforlion.If you do consider on giving out 20% on alts then choose on one of the top rankings that is on
   rank 2-20 or even lower depending into your likes and decisions.

It depends on what you want, the weakest wallet are web wallets, coinbase is a web wallet. Although, said to be safe and secure which is not still recommended by it's design, but it is an API wallet which means you do not have private keys to your coins, this means if anything happens, your cryptocurrencies stored on it can be controlled by the coinbase company, they can freeze your account, you will not have the full control but them because you do not have the private key to your coins, they have it.

Recommendable to just use it for buying and send to your noncustodial wallet, preferably hardware wallet.

Thanks both ... and what if I dont use a non-custodial wallet? Or leave it in coinbase?

Is coinbase just the place where I buy the coin(s)?

Do dollar-cost averaging[1] instead. Instead of making 1 big buy, you spread out the purchases for weeks or months. Just make to strictly follow it, without fomo buying and panic selling.

Also, not your keys, not your bitcoin[2]. So after every purchase, make sure to withdraw the funds from Coinbase to a non-custodial wallet.

As for the "something else part", while I personally prefer bitcoin only for the long term, you do you.

---

[1] https://dcabtc.com/
[2] https://notyourkeys.org/

To invest (hodl) you will need to move your bitcoin into a noncustodial wallet, hardware wallet like trezor preferably. With that, you will have a seed phrase and be able to control your coins yourself with private key generated. The seed phrase needs to be protected offline off-phone but well written on paper and triplicate into three different locations. Web and custodial wallets are not recommended for holding.

For the right time to invest, all I can comment is that bitcoin is a deflationary asset, but you need to take proper look into bitcoin price history and analyze and learn what time is best. No one will tell you the best time to invest but yourself. Also, about 80% bitcoin and 20% altcoins, you also need to analyze the crypto market and decide yourself how you want your portfolio to be and never invest on shitcoins which you can think have low price, that the price will increase, the price can become lower and such coins can later beccome dead, but the reason I will advice you not to invest in such coins is because of high volatility and low trading volume.

What I can just advice is to never leave your coins on custodial wallets and also on web wallets, offline wallets are recommended for holding. Also, not to invest on shitcoins are they have high volatility and low marketcap.

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.