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Topic: Bitcoin the coin every one should invest in - page 2. (Read 774 times)

full member
Activity: 532
Merit: 229
November 27, 2024, 11:24:31 AM
#50
The Bitcoin market is a little unstable now; it is better to be patient because December was also a similar situation. It would be better to see which way the market goes and then invest. It is better not to invest in an unstable situation.

Actually we are seeing a lot of volatility in Bitcoin for the past week. The market can go either way now, the current price of Bitcoin is $95,534.30, but there is a possibility of a positive pump very soon, we said a few days ago that Bitcoin can cross $100K this month, there are only 3 days left for this month to end, Now let's see if Bitcoin makes a good pump in these 3 days. But yes, it is very likely that if we don't see $100K this month, then we are going to see $100K next month.
sr. member
Activity: 476
Merit: 308
November 27, 2024, 10:10:11 AM
#49
Yeah, correction, and a big one at that, would be obvious.
It already happened on a smaller scale in fact in my opinion, getting those longs with leverage off the grid.
Now the question would be how much the BTC dom factor would fall off from that.
Dominance of BTC will be decreasing with time as for one, people will sell their BTC, already people are selling $2 billion worth of BTC as a whole only in profit on daily basis and according to some data long term holders are still holding so dominance won't reduce in a fraction of time but in parts. These 6 months are crucial for BTC dom and it's price as bull season is about to end and people are speculating on alt season.

Means, they will be finding the next alt that can make them 5x atleast because after making profit from BTC people are more greedy haha like me. So, money is getting out of BTC and will be getting in alts so, dominance will decrease, and for two, more and more tokens and memes are introduced in the market in daily basis which is also eating the dominance of BTC.

I think we are not done yet Grin
Just like in 2021, there were dumps, then there would be a real, bigg correction - and then the biggest ATH of all.
So let's see where the market would bring us.

This correction we are seeing now is little to nothing on  what we will be experiencing next year. Our target for this year is $100K and aside being close to reaching that goal, little dump like this should not be exempted from the track, after undergoing this movement we are exceeding our target. Many people already made the ATH for next year to be around $150K and above, which is not too much to get but extra talks on moving from $98K to nearly $80K signifies we are not ready for any further moment. Corrections are necessary to happen before we can make the best of our ATH.
copper member
Activity: 280
Merit: 5
November 27, 2024, 08:49:26 AM
#48
While Bitcoin’s recent bull run near $100k has sparked excitement, its sharp 9% drop show that the market is still volatile. Many investors who bought at the peak may get scared and start panic selling, which wouldn't be deal for those new to crypto. Even with a potentially crypto friendly US administration, regulatory changes take time, and other factors like inflation could still impact Bitcoin’s performance. I think even though I am also positive about Bitcoin bull run we need to still consider risks and not just the hype before investing.

People like you described have shaky hands and don't know that much about BTC.
If they knew a fraction of the knowledge needed, they would know that this dump in price is temporary, and there would be such cases here and there during the rally.
The biggest ATH is still upon us.
copper member
Activity: 126
Merit: 6
November 27, 2024, 08:47:07 AM
#47
Yeah, correction, and a big one at that, would be obvious.
It already happened on a smaller scale in fact in my opinion, getting those longs with leverage off the grid.
Now the question would be how much the BTC dom factor would fall off from that.
Dominance of BTC will be decreasing with time as for one, people will sell their BTC, already people are selling $2 billion worth of BTC as a whole only in profit on daily basis and according to some data long term holders are still holding so dominance won't reduce in a fraction of time but in parts. These 6 months are crucial for BTC dom and it's price as bull season is about to end and people are speculating on alt season.

Means, they will be finding the next alt that can make them 5x atleast because after making profit from BTC people are more greedy haha like me. So, money is getting out of BTC and will be getting in alts so, dominance will decrease, and for two, more and more tokens and memes are introduced in the market in daily basis which is also eating the dominance of BTC.

I think we are not done yet Grin
Just like in 2021, there were dumps, then there would be a real, bigg correction - and then the biggest ATH of all.
So let's see where the market would bring us.
hero member
Activity: 1428
Merit: 513
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November 27, 2024, 08:22:41 AM
#46
Yeah, correction, and a big one at that, would be obvious.
It already happened on a smaller scale in fact in my opinion, getting those longs with leverage off the grid.
Now the question would be how much the BTC dom factor would fall off from that.
Dominance of BTC will be decreasing with time as for one, people will sell their BTC, already people are selling $2 billion worth of BTC as a whole only in profit on daily basis and according to some data long term holders are still holding so dominance won't reduce in a fraction of time but in parts. These 6 months are crucial for BTC dom and it's price as bull season is about to end and people are speculating on alt season.

Means, they will be finding the next alt that can make them 5x atleast because after making profit from BTC people are more greedy haha like me. So, money is getting out of BTC and will be getting in alts so, dominance will decrease, and for two, more and more tokens and memes are introduced in the market in daily basis which is also eating the dominance of BTC.
sr. member
Activity: 1400
Merit: 268
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November 27, 2024, 08:14:31 AM
#45
While Bitcoin’s recent bull run near $100k has sparked excitement, its sharp 9% drop show that the market is still volatile. Many investors who bought at the peak may get scared and start panic selling, which wouldn't be deal for those new to crypto. Even with a potentially crypto friendly US administration, regulatory changes take time, and other factors like inflation could still impact Bitcoin’s performance. I think even though I am also positive about Bitcoin bull run we need to still consider risks and not just the hype before investing.
legendary
Activity: 2002
Merit: 1109
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November 27, 2024, 03:42:07 AM
#44
The Bitcoin market is a little unstable now; it is better to be patient because December was also a similar situation. It would be better to see which way the market goes and then invest. It is better not to invest in an unstable situation.



Unstable? If you think bitcoin price dropped from $99k to $92k and that makes bitcoin unstable then I disagree with that thinking. I find that normal because no asset can go up vertically without correction. Bitcoin has been steadily rising from $69k to $99k in just 2 weeks since the US election and a Bitcoin price correction is inevitable and necessary. I don't know how long this correction will last but we are in bull season so this correction cannot last. So this is the right time to invest or buy more, don't wait for bitcoin price to increase again to start buying.
legendary
Activity: 1904
Merit: 1176
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November 27, 2024, 03:17:36 AM
#43
With the recent upsurge in the price of Bitcoin and with Bitcoin fluctuating between $85k to $88k  allot of person's have taken interest in investing in Bitcoin and the right time I think is now because with the just concluded united state elections someone with a more crypto friendly ideas is taking over power with allot of promises making it even much even easier and interesting for Bitcoin.

Bitcoin has really come a long way and is now matured enough for everyone to invest

This is a misconception, but unfortunately this is exactly what happens, when Bitcoin reaches its highs in a new cycle, there are many who want to buy it because it seems to them that this growth will continue indefinitely, but in fact, everyone who buys now has a very high chance of becoming long-term holders who will wait for the next bull market for several years, and I even assume that most of them can sell them cheaper than they buy, because they get tired of waiting. This is how the market works, and Bitcoin should be bought in a bear market, when the price is falling and not growing...
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November 27, 2024, 03:07:26 AM
#42
The Bitcoin market is a little unstable now; it is better to be patient because December was also a similar situation. It would be better to see which way the market goes and then invest. It is better not to invest in an unstable situation.

If you want to invest by maintaining DCA, then now is definitely the right time. If you invest by maintaining DCA, then there is no problem in seeing which way the market has gone; you can continue to invest regularly.

Yes, because the price would be averaged due to investing each month at the same time.
But I would say it's the right time to invest because the correction is underway and then there would be the continuation of the bullish sentiment, afterward - it would stop probably, and then - we would see about that.
full member
Activity: 238
Merit: 177
Wheel of Whales 🐳
November 27, 2024, 03:01:16 AM
#41
The Bitcoin market is a little unstable now; it is better to be patient because December was also a similar situation. It would be better to see which way the market goes and then invest. It is better not to invest in an unstable situation.

If you want to invest by maintaining DCA, then now is definitely the right time. If you invest by maintaining DCA, then there is no problem in seeing which way the market has gone; you can continue to invest regularly.
copper member
Activity: 196
Merit: 6
November 27, 2024, 02:57:59 AM
#40
With the recent upsurge in the price of Bitcoin and with Bitcoin fluctuating between $85k to $88k  allot of person's have taken interest in investing in Bitcoin and the right time I think is now because with the just concluded united state elections someone with a more crypto friendly ideas is taking over power with allot of promises making it even much even easier and interesting for Bitcoin.

Bitcoin has really come a long way and is now matured enough for everyone to invest
Bitcoin is no doubt the best cryptocurrency to invest in, even outside of cryptocurrency, comparing with gold and other valuable assets, Bitcoin investment still stands out. Except for investors who are into DCA method that keeps accumulating whether price is in dump or pump, bear run is the best time to enter Bitcoin investment. Clearly we're in bull run and price is still rallying, but nobody knows when we'll hit the peak, then bear run will kick in, so my point is that now is not the matured time for everyone to join the bandwagon. If you start to accumulate now and we enter early bear run, not to worry, in the next circle you'll you'll get your ROI, because Bitcoin is a store of value.

First, there would be a correction probably, and only then, if the rally would halt for good, the bear would come clutching all longs  Cool
Of course, it's wise to invest during the bear, but you basically can't be sure when the rally will stop / the price will be corrected, so the best thing to do is to DCA or just buy via lump sum (if you are okay with not the best price at the moment) and see where it goes as the time goes on.
sr. member
Activity: 630
Merit: 352
November 27, 2024, 02:52:49 AM
#39
With the recent upsurge in the price of Bitcoin and with Bitcoin fluctuating between $85k to $88k  allot of person's have taken interest in investing in Bitcoin and the right time I think is now because with the just concluded united state elections someone with a more crypto friendly ideas is taking over power with allot of promises making it even much even easier and interesting for Bitcoin.

Bitcoin has really come a long way and is now matured enough for everyone to invest
Bitcoin is no doubt the best cryptocurrency to invest in, even outside of cryptocurrency, comparing with gold and other valuable assets, Bitcoin investment still stands out. Except for investors who are into DCA method that keeps accumulating whether price is in dump or pump, bear run is the best time to enter Bitcoin investment. Clearly we're in bull run and price is still rallying, but nobody knows when we'll hit the peak, then bear run will kick in, so my point is that now is not the matured time for everyone to join the bandwagon. If you start to accumulate now and we enter early bear run, not to worry, in the next circle you'll you'll get your ROI, because Bitcoin is a store of value.
copper member
Activity: 126
Merit: 6
November 27, 2024, 02:15:02 AM
#38
Now if the target is that the price of Bitcoin can increase a lot in 2025, if you invest now with this target then you should not expect much profit, you should have a plan to sell if there is a small profit.
I bought BTC a lot earlier and i have been holding for a long time now, however if short term investors or weak hands as i usually call them, want to buy BTC now, they can still make returns next year. I know BTC has kind of exceeded what people expected for this year, so that only means that next year, at the peak of the cycle, the price can go very high, maybe $200k is even possible, so buying now is still a good idea.

I would say it can be even a bit more, and we will reach that price as well, the question is when, not if - maybe during the next rally in approximately 4 years.
And I am happy to see that you are not one of those weak hands you mentioned - those people just don't know how BTC lives on through its cycles. If they would, they wouldn't drop off their bags.
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November 27, 2024, 02:12:51 AM
#37
You are free to say that this is the right time to invest in Bitcoin. But for people who already knew about Bitcoin, they will say that the right time to invest in Bitcoin will be at a few years ago when Bitcoin price is very low.

Maybe you have consideration to invest in Bitcoin today so we can support you to buy Bitcoin and you can use DCA methods to invest constantly. Bitcoin are still young and will grow fast in the future so if you can participates in the Bitcoin investment, you will see how big your profit will grow.

I wouldn't say it would be fast, but rather when the cycles would change themselves and a bit due to the current rally behind BTC.
Totally - with BTC, the right time is any time. And I think OP should understand that.

full member
Activity: 784
Merit: 115
November 27, 2024, 02:09:24 AM
#36
You are free to say that this is the right time to invest in Bitcoin. But for people who already knew about Bitcoin, they will say that the right time to invest in Bitcoin will be at a few years ago when Bitcoin price is very low.

Maybe you have consideration to invest in Bitcoin today so we can support you to buy Bitcoin and you can use DCA methods to invest constantly. Bitcoin are still young and will grow fast in the future so if you can participates in the Bitcoin investment, you will see how big your profit will grow.
legendary
Activity: 994
Merit: 1089
Wheel of Whales 🐳
November 27, 2024, 01:30:45 AM
#35
Now if the target is that the price of Bitcoin can increase a lot in 2025, if you invest now with this target then you should not expect much profit, you should have a plan to sell if there is a small profit.
I bought BTC a lot earlier and i have been holding for a long time now, however if short term investors or weak hands as i usually call them, want to buy BTC now, they can still make returns next year. I know BTC has kind of exceeded what people expected for this year, so that only means that next year, at the peak of the cycle, the price can go very high, maybe $200k is even possible, so buying now is still a good idea.
sr. member
Activity: 602
Merit: 369
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November 27, 2024, 01:16:22 AM
#34
With the recent upsurge in the price of Bitcoin and with Bitcoin fluctuating between $85k to $88k  allot of person's have taken interest in investing in Bitcoin and the right time I think is now because with the just concluded united state elections someone with a more crypto friendly ideas is taking over power with allot of promises making it even much even easier and interesting for Bitcoin.

Bitcoin has really come a long way and is now matured enough for everyone to invest
Bitcoin is becoming popular day by day, will become more popular in future. As we all know the supply of Bitcoin is limited, which supply will never increase in the future. A few days ago it was $99500+, a few hundred dollars would have made it $100k. Once again the price of Bitcoin fell to $92k. However, investing in Bitcoin is definitely profitable for the future. Now if one wants to invest in Bitcoin then one should plan to invest in long term, because investing in Bitcoin in long term will be profitable. The price of Bitcoin was around ($100k) with many predicting that it will reach $1 million in the future, but this is a matter of time. Now if the target is that the price of Bitcoin can increase a lot in 2025, if you invest now with this target then you should not expect much profit, you should have a plan to sell if there is a small profit.
legendary
Activity: 2576
Merit: 1860
November 26, 2024, 08:36:11 PM
#33
The right time is now, yeah, because what choice do you have? It should have been when it was first introduced to you, but you dismissed it. It should have been 2, 3, 5 year ago, but you waited for a much cheaper price that didn't come. So, the perfect time is now. It has matured, come a long way, become more or less mainstream, and, well, become a thousand times more expensive.

But perhaps each of us has his/her own perfect time to buy Bitcoin. And we deserve it.

I think now a lot of people fall back into old patterns because Bitcoin is going through a small correction and now everyone thinks it is the perfect time to wait and catch the dip, but then the next day FOMO could break out again because Bitcoin goes back up by $5,000.

That is why I think people should make a fundamental decision whether they Bitcoin is something or not and if their answer is yes, then make a plan and get into it. Some will be lucky getting the moment right when they wait, and some will get lucky if they don't wait. Bitcoin still has a level of volatility that makes it impossible to catch the perfect highs and lows. As was said before here somewhere: time in the market > timing the market.

The reason hodl was coined is that you can never be accurate in timing the market.

I think the plan should be to get into Bitcoin sooner rather than later. Does it really matter if you bought Bitcoin at $97,000 or $94,000? Tomorrow, the price could go to $100,000 or $92,000. In a way, waiting is simply procrastinating.

Now is always the perfect time. Hodl is the perfect strategy. And long-term is the way to go.
copper member
Activity: 126
Merit: 6
November 26, 2024, 12:25:43 PM
#32
With the recent upsurge in the price of Bitcoin and with Bitcoin fluctuating between $85k to $88k  allot of person's have taken interest in investing in Bitcoin and the right time I think is now because with the just concluded united state elections someone with a more crypto friendly ideas is taking over power with allot of promises making it even much even easier and interesting for Bitcoin.

Bitcoin has really come a long way and is now matured enough for everyone to invest
For the long run like for the next 10 years, the current time is good, but for the short term like even for cycle to cycle I don't think we should invest in BTC in the price range of $85k to $88k and speaking of these ranges, BTC on 24th Nov was not in these ranges instead you can say it was above $95k to $98k.

BTC is overbought at the moment and a healthy correction is on the way and we all can expect that the December month will be bullish too but not that bullish means we will see some downtrend in it my prediction for BTC is it will set it's resistance at $88k for now NFA so DYOR.

Yeah, correction, and a big one at that, would be obvious.
It already happened on a smaller scale in fact in my opinion, getting those longs with leverage off the grid.
Now the question would be how much the BTC dom factor would fall off from that.
hero member
Activity: 1428
Merit: 513
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November 26, 2024, 11:12:18 AM
#31
With the recent upsurge in the price of Bitcoin and with Bitcoin fluctuating between $85k to $88k  allot of person's have taken interest in investing in Bitcoin and the right time I think is now because with the just concluded united state elections someone with a more crypto friendly ideas is taking over power with allot of promises making it even much even easier and interesting for Bitcoin.

Bitcoin has really come a long way and is now matured enough for everyone to invest
For the long run like for the next 10 years, the current time is good, but for the short term like even for cycle to cycle I don't think we should invest in BTC in the price range of $85k to $88k and speaking of these ranges, BTC on 24th Nov was not in these ranges instead you can say it was above $95k to $98k.

BTC is overbought at the moment and a healthy correction is on the way and we all can expect that the December month will be bullish too but not that bullish means we will see some downtrend in it my prediction for BTC is it will set it's resistance at $88k for now NFA so DYOR.
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