Buying cheap is best formula | Bitcointalksearch.org

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Quote from: Greggry on March 21, 2023, 02:29:35 PM

This period do not encourage trading or investment but at the same time when price is down is good opportunity to buy cheap and when its explode you will gain it. Nothing is lost in bitcoin, those holding for long now are the great benefactors but if you buy this period is more safer.

If I have money now, I would buy half of bitcoin because in next three months it will double the current price. This is real because it always occur this way after 5 years remember in 2011 and 2017 from the market charts and caps. And this year will break more even.

Dear Mate, it is best decision to invest on Bitcoin. Your idea is correct i think. Ibalso think within short time Bitcoin price will increase minimum 2x. Now bitcoin price is very cheap if you buy now you will be profitable there has no doubt. If you buy half bitcoin now within maximum 6 month it will be double. We saw previous history of Bitcoin. From previous history we can think bitcoin price will go new ATH. This year Bitcoin will break all record i think.

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Quote from: Rupok on June 25, 2023, 10:41:28 PM

I am totally agree with you, it is a good opportunity to buy cheap when the market price is low. Those who hold long term are the big beneficiaries. Since the market is now in a bear market, it is safer if one buys during this period. It is best to buy as much as possible at this moment, as a bull market will soon be reached.Bitcoin will reach double the current price so now is the right time to buy and hold Bitcoin to profit from Bitcoin. If an investor can't buy cheap then he can never make good profit.

Buying low and selling high is definitely one of the best tactics for developing excellent profit plans. This phase is exclusively for bear season, so I make sure I have enough bitcoin and altcoins, and patiently wait for the bull season to show up, at which point I activate my sell button, having generated massive profits from these projects. Buying cheap implies having solid bitcoin entries; this is not a view shared by all investors and traders, but it has worked for me for years. Because bitcoin is volatile, there is no right moment to buy it; always seize chances when they arise.

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Quote from: Greggry on March 21, 2023, 02:29:35 PM

This period do not encourage trading or investment but at the same time when price is down is good opportunity to buy cheap and when its explode you will gain it. Nothing is lost in bitcoin, those holding for long now are the great benefactors but if you buy this period is more safer.

If I have money now, I would buy half of bitcoin because in next three months it will double the current price. This is real because it always occur this way after 5 years remember in 2011 and 2017 from the market charts and caps. And this year will break more even.

But in practice, we don't know which price range is cheap. Sometimes we think the price is still too high, but tomorrow morning it has gone up to 10%. Or other times we think prices have gotten cheap but still drop for a whole week.

Investing in bitcoins is not as easy as it seems. When you see that the market is getting worse, you will be confused, whether to hold it or sell it, when the market improves, you also doubt whether to sell it now or tomorrow? Especially if you store in large quantities, it will make it difficult for you to sleep

I've tried it before, and it bad ended. Train you to understand analysis and news about the assets you hold. Also use cold money so you don't rush to sell your bitcoins at the wrong time because you need money. That must be bad

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Quote from: umbara ardian on June 25, 2023, 06:48:35 AM

Worrying too much about a problem will make your decisions more chaotic and complicated. So don't put too much importance on waiting for a good price because not everyone is lucky enough to wait and buy at a good price. With your income, you just need to properly allocate investments compared to the price you paid at that time. In addition, you should also need a data sheet for items when investing and have a little more knowledge related to this field. In case the market is not good, you should still have a backup plan. According to the majority of people, DCA is still the most optimal method for investments today.

That genuine concern you felt Making decisions is never easy, but occasionally I look up to cryptocurrency investors so that I can learn from their experience. Learning from others is always beneficial, especially in the world of cryptocurrencies. One thing I've noticed is that it's always wise to take advantage of the market. If the price is low, you should take advantage by buying more. This strategy will help you expand your portfolio. And that's how the vast majority of system users are becoming extremely wealthy. Buying high does not favor an investor at all, but everyone has their own option to make if you have the money to buy even when it is high or low then it is yours to choose. Doing things on your own is not advantageous at all if you want to succeed.

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Quote from: ektotanes on March 25, 2023, 06:28:23 AM

I think it's better to buy as much as you can afford every week/month and accumulate that way.

Exactly. When we are talking about a coin like bitcoin, we should not worry about its price. We know what bitcoins are capable of, and we have also seen bitcoins rise from zero dollars to 69,000 dollars. We know that Bitcoins are limited in number; that is, no more bitcoins can be created or mined. Hence, it’s wise that we not complain about the low price and keep on buying bitcoins at regular intervals whenever possible, no matter how much. Once Bitcoin crosses the $50,000 USD range, it won’t stop until it touches a new ATH price.

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Quote from: jasonjm on June 25, 2023, 01:16:09 PM

Affordability is the most important factor when buying any class of asset. however, opting for the cheapest option may not always guarantee the best outcome. But when it comes to Bitcoin, I believe a person should buy it when he has the money regardless of the price. This way you can easily calculate the average price of purchasing. Many major investors, like MicroStrategy, have adopted this approach.

When you always want to take the risk, it is always better to buy bitcoins every time you have some money and spend only what you can afford to lose, like getting some portion of a chunk from your salary to invest in bitcoins, probably the best thing you can do. Some people gave up their bad habits and use the money instead to buy bitcoins when the price was low, and they were consistent in doing so because they were truly committed to their goal, and they earned huge amounts of money when the bull runs came last years.

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Quote from: Greggry on March 21, 2023, 02:29:35 PM

This period do not encourage trading or investment but at the same time when price is down is good opportunity to buy cheap and when its explode you will gain it. Nothing is lost in bitcoin, those holding for long now are the great benefactors but if you buy this period is more safer.

If I have money now, I would buy half of bitcoin because in next three months it will double the current price. This is real because it always occur this way after 5 years remember in 2011 and 2017 from the market charts and caps. And this year will break more even.

First of all, what you said is correct that you should be one of the Bitcoin believers, you should buy if its value goes down in the market as long as you have a chance to buy, it is really a good chance, and do it until the bull run comes or the right time and season.

Second, we are not obligated to buy a Bitcoin or half of it, the beauty of Bitcoin is that as long as our budget allows us to have bitcoin, that's why we always advise most people to apply the DCA called here, and I don't believe that if you invest Bitcoin now, after 3 months it will double its value immediately, this is not true and where did you get what you said? Is there a configuration for this?

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I am totally agree with you, it is a good opportunity to buy cheap when the market price is low. Those who hold long term are the big beneficiaries. Since the market is now in a bear market, it is safer if one buys during this period. It is best to buy as much as possible at this moment, as a bull market will soon be reached.Bitcoin will reach double the current price so now is the right time to buy and hold Bitcoin to profit from Bitcoin. If an investor can't buy cheap then he can never make good profit.

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Quote from: Maslate on June 25, 2023, 11:28:36 AM

Quote from: Greggry on March 21, 2023, 02:29:35 PM

If I have money now, I would buy half of bitcoin because in next three months it will double the current price. This is real because it always occur this way after 5 years remember in 2011 and 2017 from the market charts and caps. And this year will break more even.

What makes you so sure that the price will be doubled in the next three months? It's been 3 months already since you created this thread, yet the price didn't moved and doubled just like the way you expected it to be or at least speculated because from the month of March until today, bitcoin's price has only increased in about more or less $3,200.

But what you said was right because it seems that buying cheap is actually the best formula and as long as you know the right target (coin), then there's a good chance that your assets will double soon enough.

Everyone knows that buying low and selling high is a recipe for profit in this market, but what is called cheap? As you said, if OP's formula is the best, why has it been 3 months, and he still hasn't made a significant profit?

Bitcoin is suitable as a long term investment, so accumulate it as much as possible and the best time to buy is when we have money to invest and are ready to hold it for long until it generates profit for us.
In my opinion, in the market, there is no general formula to generate profits, each investor will have his own formula drawn from knowledge and experience.

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Quote from: jasonjm on June 25, 2023, 01:16:09 PM

Affordability is the most important factor when buying any class of asset. however, opting for the cheapest option may not always guarantee the best outcome. But when it comes to Bitcoin, I believe a person should buy it when he has the money regardless of the price. This way you can easily calculate the average price of purchasing. Many major investors, like MicroStrategy, have adopted this approach.

Affordability being the most important factor is debatable because it's different for each person although you can always base your affordability on the previous price vs the current price of bitcoin. I think that the most important factor is probably time because you really can't wait for the price to go down, especially if you are new to bitcoin, you need to get in no matter the price is because you're going to either wait for the right price to go in which might never come or you get in when the price is going up and end up buying at peak then waiting for a profit but end up getting stuck because the market entered the bearish season so you end up frustrated and sell at a loss if you aren't patient.

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Quote from: jasonjm on June 25, 2023, 01:16:09 PM

Affordability is the most important factor when buying any class of asset. however, opting for the cheapest option may not always guarantee the best outcome. But when it comes to Bitcoin, I believe a person should buy it when he has the money regardless of the price. This way you can easily calculate the average price of purchasing. Many major investors, like MicroStrategy, have adopted this approach.

That is really the problem of the people or investors. Now let's say they keep waiting on the cheap price, but they can't give them the exact amount of the cheap price, which turns out to be really the cheapest price before it rallies to the ATH, meaning you were left behind because you kept waiting. That is really best if you do have money to invest in it, then it is always the best time to buy, and don't wait for a dip unless you are very knowledgeable about it and you've tried to check the charts to see where the price could drop, and that is where your entry point is.

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Quote from: jerjer on June 25, 2023, 06:20:07 AM

Buying cheap is best formula but searching for best timing is difficult to spot

In my opinion, finding the best time is not difficult and we only take advantage of the price reduction and buy with the DCA system, but if we are interested in investing, we must be prepared for the risks.
sometimes if we just look at the graph, when do we want to buy?
the price of btc is very difficult to predict, so we must be able to strategize and take advantage of the opportunities that exist, so we don't miss the train. but in this case everyone's opinion is different.

so take advantage when there is a price reduction but must be prepared for the risk. If our are not ready to take risks, don't invest.

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The most important factor is the affordability. Buying cheap is not always a good strategy, and you might lose your money. While for bitcoin, a person should buy it whenever he has the money, regardless of the price. As you can easily calculate the average buying price. Many major investors, like MicroStrategy, have adopted this approach.

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Quote from: Greggry on March 21, 2023, 02:29:35 PM

This period do not encourage trading or investment but at the same time when price is down is good opportunity to buy cheap and when its explode you will gain it. Nothing is lost in bitcoin, those holding for long now are the great benefactors but if you buy this period is more safer.

If I have money now, I would buy half of bitcoin because in next three months it will double the current price. This is real because it always occur this way after 5 years remember in 2011 and 2017 from the market charts and caps. And this year will break more even.

You started this thread on March 21, bitcoin price that day was approx $28k, now the 3 months have almost passed and BTC price is approx $30,500. Your prediction didn't even get close but considering all the FUD we had in the last months I am super happy to see BTC at the current value, to be honest I would have expected BTC below $30k at this point. For sure Blackrock's spot ETF is playing a big part in the recent pump.

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Quote from: Greggry on March 21, 2023, 02:29:35 PM

This period do not encourage trading or investment but at the same time when price is down is good opportunity to buy cheap and when its explode you will gain it. Nothing is lost in bitcoin, those holding for long now are the great benefactors but if you buy this period is more safer.

If I have money now, I would buy half of bitcoin because in next three months it will double the current price. This is real because it always occur this way after 5 years remember in 2011 and 2017 from the market charts and caps. And this year will break more even.

You are right the best formula to earn os to have patience and hold holder is a gainer in crypto based on what we saw in the past, if we are holder we can have many opportunities to have a big profit specially when we are in a bull season and the price is always rising if i also have money i will buy btc now and hold for the future.

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Quote from: Greggry on March 21, 2023, 02:29:35 PM

If I have money now, I would buy half of bitcoin because in next three months it will double the current price. This is real because it always occur this way after 5 years remember in 2011 and 2017 from the market charts and caps. And this year will break more even.

What makes you so sure that the price will be doubled in the next three months? It's been 3 months already since you created this thread, yet the price didn't moved and doubled just like the way you expected it to be or at least speculated because from the month of March until today, bitcoin's price has only increased in about more or less $3,200.

But what you said was right because it seems that buying cheap is actually the best formula and as long as you know the right target (coin), then there's a good chance that your assets will double soon enough.

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Quote from: umbara ardian on June 25, 2023, 06:48:35 AM

Worrying too much about a problem will make your decisions more chaotic and complicated. So don't put too much importance on waiting for a good price because not everyone is lucky enough to wait and buy at a good price. With your income, you just need to properly allocate investments compared to the price you paid at that time. In addition, you should also need a data sheet for items when investing and have a little more knowledge related to this field. In case the market is not good, you should still have a backup plan. According to the majority of people, DCA is still the most optimal method for investments today.

There is simply no way to know if DCA or lump sum is better.

Because basically you cannot predict the price in the future, so you will never be able to know if it was better to lump sump.

One thing to consider is that DCA might have more fees than lump sum.

umbara ardian

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Worrying too much about a problem will make your decisions more chaotic and complicated. So don't put too much importance on waiting for a good price because not everyone is lucky enough to wait and buy at a good price. With your income, you just need to properly allocate investments compared to the price you paid at that time. In addition, you should also need a data sheet for items when investing and have a little more knowledge related to this field. In case the market is not good, you should still have a backup plan. According to the majority of people, DCA is still the most optimal method for investments today.

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This whole thing of buy low is kind of misunderstood if you think about it, when Bitcoin was priced at $100 ,$400,$10000 we all said the same thing and people still thought it was expensive and didn't invest...now we are back on the same topic of buying cheap now but people still won't jump in because they think it's too high to buy..

But when it comes to Bitcoin, it's best to buy whenever you have the opportunity because Bitcoins full potential isn't fully realized.

Quote from: jerjer on June 25, 2023, 06:20:07 AM

Buying cheap is best formula but searching for best timing is difficult to spot

You can find the best timing to buy by using technical analysis on chats otherthan guessing .

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Buying cheap is best formula but searching for best timing is difficult to spot

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