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Topic: Bitcoin, when to buy - page 4. (Read 1144 times)

hero member
Activity: 770
Merit: 482
November 24, 2023, 07:19:03 AM
#56
Most people who say that they are late are right, because the exponential potential of Bitcoin is lower now than years ago. It costed cents a when it was invented, and a decade ago it costed less than 50$: I doubt that at this stage Bitcoin is able to go 1000x in the next ten years.

Forget about 1000x. Would you believe it will gain 50x in the next ten years? If it happens, Bitcoin will touch $1.5 Million each coin. Can you imagine that? Still, I consider Bitcoin is the one currency that can be trusted. What other coins do you suggest to others as kind of safe investment? Is there any other coins which you can consider as safe as Bitcoin?

Even if you talk about risky investment, is there any coin that can give you a gurantee that it will go 1000x? I would be very much happy to have a coin that will give 50x in the next bull run. The problem is, nobody knows!
legendary
Activity: 1932
Merit: 2354
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November 24, 2023, 01:11:08 AM
#55

Bitcoin does not have a particular time an investor suppose to buy bitcoin,  like some people do make a phrase that is late for them to invest in bitcoin, why in bitcoin investment their is no time someone invested with bitcoin is waste of time and waste of resources, but considering another factor, investing in bitcoin what it needs is timing and if you are investing in bitcoin to make a profit make sure you invest in bitcoin during the time of bearish time.

I think people who are saying that they are late to invest in Bitcoin are right, because the people who are buying bitcoin at the time are also late.Some time ago when Bitcoin was trading around $16 k, there were people who did not invest in Bitcoin. Now that Bitcoin is trading above $35k, people want to invest in Bitcoin right now.

Right now they're saying they're late to buy bitcoin, and they really are. Therefore, there is a time to buy in Bitcoin. If you buy Bitcoin when it reaches its all-time high and starts to go down from there, So of course your time of buying is wrong and you are too late to buy. We have only one objective to invest in Bitcoin and that is to get profit, so choosing the right time should be our first priority.

Most people who say that they are late are right, because the exponential potential of Bitcoin is lower now than years ago. It costed cents a when it was invented, and a decade ago it costed less than 50$: I doubt that at this stage Bitcoin is able to go 1000x in the next ten years.

Anyway, for those who think that it is enough with smaller winnings too, then with the focus in the long term, it seems that it is always a good moment to buy, if you just hodl it enough time.

sr. member
Activity: 336
Merit: 292
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November 24, 2023, 01:01:56 AM
#54

Bitcoin does not have a particular time an investor suppose to buy bitcoin,  like some people do make a phrase that is late for them to invest in bitcoin, why in bitcoin investment their is no time someone invested with bitcoin is waste of time and waste of resources, but considering another factor, investing in bitcoin what it needs is timing and if you are investing in bitcoin to make a profit make sure you invest in bitcoin during the time of bearish time.

I think people who are saying that they are late to invest in Bitcoin are right, because the people who are buying bitcoin at the time are also late.Some time ago when Bitcoin was trading around $16 k, there were people who did not invest in Bitcoin. Now that Bitcoin is trading above $35k, people want to invest in Bitcoin right now.

Right now they're saying they're late to buy bitcoin, and they really are. Therefore, there is a time to buy in Bitcoin. If you buy Bitcoin when it reaches its all-time high and starts to go down from there, So of course your time of buying is wrong and you are too late to buy. We have only one objective to invest in Bitcoin and that is to get profit, so choosing the right time should be our first priority.
member
Activity: 966
Merit: 25
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November 24, 2023, 12:16:02 AM
#53
For individuals who consider bitcoin as a long-term investment, DCA will always be an excellent choice. I mean, if we look in the past, the bitcoin price has only risen, even when there has been a correction or even a bear season. However, the cycle indicates that there will always be a new ATH (at least according to previous bull runs). As a long-term investor, purchasing Bitcoin at any price is fine. However, if you've been in the crypto space long enough, you'll see a trend and be able to come up with a plan based on it. For example, if there is a halving every four years, you will know when to buy (usually 2 to 3 years after halving) and when to collect your profit (a few months before halving, on halving itself, a year after).
legendary
Activity: 3010
Merit: 1280
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November 23, 2023, 05:56:21 PM
#52
The growth of Bitcoin over years have made it one of the most sorted after asset in the world right now and to me it's a lifetime opportunity that needed to be seized,

So my question is when is the best time to buy Bitcoin?
 
Many people that have been into the industry before I even came in have mostly suggested the DCA method, some advice I allowed it to drop to my convenience price before I buy.

As a newbie I feel the DCA method is the best base on my own perspective of looking at it on the long term, I don't know if anyone have any better opinion? Because I believe in the hype that  this forum is filled with knowledgeable people about cryptocurrency.

Its best to enter the market when the market is bearish, that's where you can maximize your profits if you decide to sell in the future. However, if you are for long-term hodling, then everyday is the best time to buy. Do not worry if you buy at an expensive price, its value will certainly double or triple in the next years so always go for long term hodling. And with DCA, then it will be easier for you to grow your portfolio as long as you never stop from buying.

I highly agree and to maximize the time in making profit, if one is familiar with the cycle of Bitcoin, the best time to buy BTC is when it is about to transition to bull market.  The bull market is catalized by the Bitcoin halving event, with the sign of positive sentiement.  Investing in the last pace of bear market is the best time to buy,IMO.  That is to get profit in the shortest period of time, the timing to buy when the market is about to go full blast.

Not just with bitcoin but even in altcoins, apply DCA if you can. But make sure to find the right coins to invest, otherwise you will regret your decision why you spend a lot investing in altcoins.

It is applicable not only in the cryptocurrency but also in other form of investment.  One should aspire for the familiarity of the market in order to take advantage of the cycle or ups and downs of the market.
full member
Activity: 700
Merit: 205
November 23, 2023, 05:37:17 PM
#51
The growth of Bitcoin over years have made it one of the most sorted after asset in the world right now and to me it's a lifetime opportunity that needed to be seized,
In bitcoin it doesn't have a limitations of growth and I believe that bitcoin if be looking at the increment method you might lose interest for the investment, but what I really want us to know of bitcoin investment whosoever that find it as opportunity is base on the person's research about bitcoin because you can not on your own consider it just like that as investment opportunity without having anything reasonable about bitcoin.

So my question is when is the best time to buy Bitcoin?
Bitcoin does not have a particular time an investor suppose to buy bitcoin,  like some people do make a phrase that is late for them to invest in bitcoin, why in bitcoin investment their is no time someone invested with bitcoin is waste of time and waste of resources, but considering another factor, investing in bitcoin what it needs is timing and if you are investing in bitcoin to make a profit make sure you invest in bitcoin during the time of bearish time.
hero member
Activity: 2940
Merit: 613
Winding down.
November 23, 2023, 04:58:58 PM
#50
The growth of Bitcoin over years have made it one of the most sorted after asset in the world right now and to me it's a lifetime opportunity that needed to be seized,

So my question is when is the best time to buy Bitcoin?
 
Many people that have been into the industry before I even came in have mostly suggested the DCA method, some advice I allowed it to drop to my convenience price before I buy.

As a newbie I feel the DCA method is the best base on my own perspective of looking at it on the long term, I don't know if anyone have any better opinion? Because I believe in the hype that  this forum is filled with knowledgeable people about cryptocurrency.

Its best to enter the market when the market is bearish, that's where you can maximize your profits if you decide to sell in the future. However, if you are for long-term hodling, then everyday is the best time to buy. Do not worry if you buy at an expensive price, its value will certainly double or triple in the next years so always go for long term hodling. And with DCA, then it will be easier for you to grow your portfolio as long as you never stop from buying.

Not just with bitcoin but even in altcoins, apply DCA if you can. But make sure to find the right coins to invest, otherwise you will regret your decision why you spend a lot investing in altcoins.
hero member
Activity: 2926
Merit: 657
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November 23, 2023, 04:47:02 PM
#49
The growth of Bitcoin over years have made it one of the most sorted after asset in the world right now and to me it's a lifetime opportunity that needed to be seized,

So my question is when is the best time to buy Bitcoin?
 
Many people that have been into the industry before I even came in have mostly suggested the DCA method, some advice I allowed it to drop to my convenience price before I buy.

As a newbie I feel the DCA method is the best base on my own perspective of looking at it on the long term, I don't know if anyone have any better opinion? Because I believe in the hype that  this forum is filled with knowledgeable people about cryptocurrency.

Smart investors never wait for dips anymore, but do the DCA instead just to maximize the opportunities to purchase in the market. And with regards to bitcoin, its price never fail us most of the time so even if we decide to buy at its high price, that won't matter because we are in for long term investment. And the longer we set maximum years for long term hodling, the higher the chances to reap huge profits.

However, not all investors have the same mindset. And that's okay as long as we never sell low, lower than the prices we enter the market.
hero member
Activity: 1008
Merit: 520
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November 23, 2023, 04:10:09 PM
#48
The growth of Bitcoin over years have made it one of the most sorted after asset in the world right now and to me it's a lifetime opportunity that needed to be seized,

So my question is when is the best time to buy Bitcoin?
 
Bitcoin is indeed the most valuable asset of this generation and at that many if not all that want to venture into bitcoin have to do that with the right approach and taking the right steps toward achieving such with less rsik possible and by so doing one beed to consider a number of factors while buying bitcoin.
A d going back  to your question of when is the best time to buy Bitcoin,  the answer to that is, it is best to buy Bitcoin when the price is low against buying when the  market is already at high price such as in all time high time.
Quote
Many people that have been into the industry before I even came in have mostly suggested the DCA method, some advice I allowed it to drop to my convenience price before I buy.
Both DCA and waiting for price to drop before buying are both good advice and you should take time to study them both because in DCA you still need the application of timing just like what you have when waiting to buy in the low-price region,  because both requires, the application of right timing.
Quote
As a newbie I feel the DCA method is the best based on my own perspective of looking at it in the long term, I don't know if anyone has a better opinion. Because I believe in the hype that this forum is filled with knowledgeable people about cryptocurrency.

DCA measures still require some level of technical analysis of the market to be able to make the right choice of when to either hold or sell off applying the DCA formula.
hero member
Activity: 2814
Merit: 576
November 23, 2023, 03:24:20 PM
#47
The growth of Bitcoin over years have made it one of the most sorted after asset in the world right now and to me it's a lifetime opportunity that needed to be seized,

So my question is when is the best time to buy Bitcoin?
 
Many people that have been into the industry before I even came in have mostly suggested the DCA method, some advice I allowed it to drop to my convenience price before I buy.

As a newbie I feel the DCA method is the best base on my own perspective of looking at it on the long term, I don't know if anyone have any better opinion? Because I believe in the hype that  this forum is filled with knowledgeable people about cryptocurrency.

The fact that bitcoin's value always appreciate its value every year, I guess it's safe to say that everyday is the best time to buy regardless of its current price. You are not investing for short term duration but certainly for long term hodling so even if you buy at a high price, that is not going to worry you because you are not selling it in the first place when bitcoin price is dumping.

 I believe the best decision is to DCA instead. Aside that you won't miss any opportunity in the market, your bitcoin portfolio will continue to grow even more as you try to buy when you have spare money to spend.
full member
Activity: 532
Merit: 229
November 23, 2023, 07:54:58 AM
#46
Before investing you need to be sure that if what you are investing in is lost, it will not affect your lifestyle, because what you are investing can also be lost. So invest only what you can afford to lose. If you want to invest, you can invest now, because the market value of Bitcoin is now within reach. While it will be out of reach then, the market is currently quite positive. So if you want to invest then invest now for long term without delay. This will give you a lot of returns in the future.
sr. member
Activity: 448
Merit: 354
November 13, 2023, 10:35:52 AM
#45
It's great that you recognize the growth potential of Bitcoin and are considering investing in it. The best time to buy Bitcoin is a common question. But if you want to invest in Bitcoin so I will say just buy and hold.

The DCA method that you mentioned is a popular strategy for investing in Bitcoin. DCA can be a sensible strategy especially for New persons to the cryptocurrency market. It helps to reduce the risk of making a large investment at a unfavorable price. By spreading your purchases over time you can benefit from the average price of Bitcoin over the long term.
legendary
Activity: 2394
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November 13, 2023, 10:16:43 AM
#44
As a newbie I feel the DCA method is the best base on my own perspective of looking at it on the long term, I don't know if anyone have any better opinion? Because I believe in the hype that  this forum is filled with knowledgeable people about cryptocurrency.
If with the DCA method you feel more comfortable in bitcoin investment with its accumulation then take that step because if you only wait for the time of decline then this will slightly hamper you in investing, even if you wait for the decline then the desire to buy wants to be even lower, when the price rises you regret not buying at the previous decline price.

Instead of thinking about it then just continue DCA with your own perspective, maybe some people have suggestions if it fits then apply it in your method, I myself by doing DCA is much better than having to wait for a decline because we never know the direction of bitcoin.
sr. member
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November 13, 2023, 10:09:34 AM
#43
The growth of Bitcoin over years have made it one of the most sorted after asset in the world right now and to me it's a lifetime opportunity that needed to be seized,

So my question is when is the best time to buy Bitcoin?

The exact time when it is best to buy Bitcoin, whether when the price rises or falls, is a decision in our own hands because with market conditions fluctuating so quickly, costs can swing wildly, putting you at risk.

Many people that have been into the industry before I even came in have mostly suggested the DCA method, some advice I allowed it to drop to my convenience price before I buy.

As a newbie I feel the DCA method is the best base on my own perspective of looking at it on the long term, I don't know if anyone have any better opinion? Because I believe in the hype that  this forum is filled with knowledgeable people about cryptocurrency.

I think this is not a coincidence. There are many who have started investing in BTC long before we started and it is natural that our seniors convey what is the best and the most appropriate and easy technique.
legendary
Activity: 1932
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November 13, 2023, 09:56:17 AM
#42
-snip-

  In buying and investing in Bitcoin  you buy at anytime that is comfortable tomemwhen you have money, which some people will not want they keep waiting for the price to be very low up to the bottom line which at times does not come easily and it keeps on increasing which will now make you to be lossing as you wait instead of DCA at the initial

DCA seems to be the preferred method here in the forum, as I always read the advice to use it instead of buying in bulk. I can understand the reasons why they (and you) prefer it, but for some people it is better simply to buy at whatever price and hodl. Imagine that someone decides today to invest in Bitcoin, and has 5.000 USD he/she can afford to lose: doing DCA would suppose following the price and deciding the right moment to buy, but not everybody wants to keep an eye on the market, and sometimes it is simply better to make the purchase and forget about it for years. So in these cases, DCA is not the best solution.

In addition, in those jurisdictions where you have to pay taxes on Bitcoin, DCA complicates calculations and can be a little tricky too if you don't document your operations and forget the prices at which you bought.
member
Activity: 238
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November 13, 2023, 09:23:21 AM
#41
Alot of things need to be put into consideration before buying . You need to have a planed budget  t o secure your financial strength and know the risk involved and having your start up money which will not affect your personal and other expenses for the month afterpurchasing your Bitcoin,quality knowledge and understanding about the buying processes before going into Bitcoin buying whether you're buying for a long-term(7-20 years) or short-term(weekly or monthly) and in doing that you need and to use the DNA method because it's a good method which strategy an investor invests a total sum of money in small amount of cryptocurency over a period of time instead of investing in bulk (huge amount of money) which gradually increasing and accumulating you wealth.

  In buying and investing in Bitcoin  you buy at anytime that is comfortable tomemwhen you have money, which some people will not want they keep waiting for the price to be very low up to the bottom line which at times does not come easily and it keeps on increasing which will now make you to be lossing as you wait instead of DCA at the initial
sr. member
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November 06, 2023, 04:33:47 AM
#40
~~
So my question is when is the best time to buy Bitcoin?
 ~~

I think if you have enough capital you can buy bitcoin anytime it depends on you. Because when a person is interested in buying Bitcoin, he depends a lot on his money, if he doesn't have money, he will never invest and if he has money, he will definitely invest. In the past I have seen many people buy and hold Bitcoin at any time because they were looking for a golden opportunity rather than holding for the long term. Accordingly, if you have a long-term plan to buy bitcoins, you will never find time to invest in bitcoins. Moreover, if you invest now, you will surely gain in the future, however, you must first invest as much as you can afford to lose. If you want to invest short term then you can buy when the market is down and sell when the market is pumping it will give you profit for military time. And if you plan long term then buy and hold bitcoin from anywhere and it will give you huge profit when bitcoin market turns bull.
sr. member
Activity: 1554
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November 06, 2023, 02:03:38 AM
#39
The best time to buy bitcoin would be the time when bitcoin price is freefalling or during the bear season, I mean that's the time when people are panic selling hoping to cut their losses or just panicking entirely because a lot of them don't really like their investment going down in value. For me and maybe other logical people out there, that's the best time but you have to understand that when you buy at that time that the prices may continue to go down which will challenge your fortitude and mental endurance and if you know that you can survive that, you have to also know that you should just buy whenever you can and not wait for the lowest of that bear season because no one knows when and where it will bounce back.
sr. member
Activity: 714
Merit: 347
November 06, 2023, 01:12:25 AM
#38
So my question is when is the best time to buy Bitcoin?

According to what I understand, you can purchase bitcoin whenever you want, but the most advantageous time to do so is when its price hasn't increased. Nevertheless, you can still invest right now because the market bull run hasn't yet begun, dispelling the myth that doing so will not yield any profits. You can do so now, and I think the market will rise, so you'll profit from your investment, buddy.

You can buy BTC at anytime , but I Buy BTC whenever I received salary from my working place, and wait for another salary to come before I can still buy waiting for massive bull run to come, because am use to long term hodling which some newbies are afraid to involve themselves, but newbies prefer short hodling where they can start making little profits before they can improve. But many newbies buy BTC when there is bear season on ground and hodl for the price to rise to some stage before they can sell to make profits from the market which, I will advise you to buy when the price is low in the market and sell when the price is high in the market.

Yes, you are correct about some newbies, but I think you should have said "some newbies." The reason I say "some newbies" is that not all newbies like holding their bitcoin for a short while; the only one who cannot hold their bitcoin for very long is not capable of engaging in any cryptocurrency-related activities. Whether you like it or not, you must learn how to hold your coin for extended periods of time because if the market is not strong enough for you to sell it, you will not. Some newbies are very intelligent when it comes to cryptocurrency; I have seen a lot of them in this forum, and even when the market starts to pick up steam, they will always prefer to hold onto their coin to make sure the bull run is strong enough to motivate them to sell. Some newbies are very understandable that they even really understand how to invest in bitcoin and hold for a period of time.
sr. member
Activity: 476
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November 04, 2023, 05:27:30 PM
#37
The DCA strategy is quite good and this strategy is the most flexible strategy in every market state, so we can buy in cheap or expensive conditions with the time that has been determined, but maybe everyone's view is different about a strategy in making purchases, but in my opinion Personal DCA is the best especially when the market in the bearish season, the DCA strategy is far more effective.
Yeah is one of the best strategy to use in times of investment, however the DCA helps to guide an investor especially the new people on cryptocurrency on how to accumulate Bitcoin with a risk management.

One of the things I like about DCA strategy is that it doesn't only benefit the rich but also the less privilege who doesn't have much money but are eager to invest on Bitcoin, however by educating them on how to invest using the only money they can afford to accumulating it bit by bit.

Although one of the things about DCA strategy is that you don't accumulate everything at once because it has to do with accumulating with a lesser amount of money but with the possibility of getting to your investment target in the future.

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