Topic: Buying cheap is best formula - page 10. (Read 1069 times)

buying at a low price is the best choice, but now the price of btc is gradually increasing, and I don't know what price it will stop at. and in my opinion this is a confusing situation that is whether bitcoin will continue to rise or will fall. and in my opinion, for long-term investment, of course there will be no problem if our buy right now because at this time the price of bitcoin can still be called cheap even though there is a price increase. so in this case the decision is in the hands of each.

It might you're talking about buying Bitcoin in a DCA way which is a good practice in purchasing Bitcoin.
It's pretty common now that people treat Bitcoin as storing the value as an investment, not using it as an alternate payment system.

Keep in my mind that the current market conditions are unpredictable and volatile, so investing based solely on historical trends may not always yield favorable results.  Be sure the amount that you invested is only the amount that you can afford to wait to make a profit.

don't believe these crazy analysts, I can't tell you here about technical analysis stuff, it's up to you to study and learn, but I can tell you that currently the price is very close to reaching 30,000$ than dropping to 20,000$. this zone from 27500$ to 30,000$ for a long time acted as a very strong support, just pull the memory a little and you will remember that when the price was above 32000$ there were times when it rose a lot to 39000$ - 42000$ but then it dropped a lot but as soon as it touched $30,000 it immediately rose to $32,000, in some extreme cases it even briefly touched $28,000 but then rose, at the moment the price is stagnant at $28,000 because it is accumulating to gain momentum towards 30,000$, it won't take until the end of the year to reach 30,000$, these analysts fail a lot


in my opinion people should not just buy bitcoin without having a plan, this is the same as the following: a person wants to buy bananas to eat in 6 months, that person should not buy bananas that are too ripe and could be rotten in 30 days, that person should buy green bananas that will take time to mature, something like 6 months, of course this is just an example. in the case of bitcoin, it is better for the person to look at the charts and know the price history to choose the best buying points and have an idea of how much profit he can expect to make in a given time

You are doing a lot of mistakes here. Believing that Bitcoin can only go up and up forever is risky. There's nothing that guarantees that, in fact Bitcoin's value is based only on speculation, which is why it is so volatile. Next, Bitcoin doesn't retain its value. If the price goes down and you have an unrealized loss, you can't always afford to wait it out till the price goes up again. Sometimes life forces us to spend money, and if the value of your money happened to go down when that happened, you could be in a big trouble.

And lastly, you are using past performance to predict the future. But it ignores that conditions were different. Bitcoin market was small and had a lot of room to grow, and halvenings had huge effect because 25 and then 12.5 BTC were cut from supply every 10 minutes.

indeed now is the time to buy and it's not too late, but in my opinion in buying bitcoin don't be in a hurry because it would be better to wait for the btc price to correct first,
and actually in this case NOBODY KNOWS whether btc will go up or down.
so we must be vigilant in investing because in my opinion the world economy has not fully recovered. so most likely btc price will drop again with a sharp drop. but the decision is in the hands of each of us.

I hope bitcoin price continues to increase.

I believe the idea that buying low gives you a better profit once selling them during the bull season.
That is why investors manage to wait for many years just for the sake of selling their coins to a better price as they believe and are confident enough that it really happens. Those who understand the nature of the market will certainly clear their mind and rejected all doubts but rather make themselves focus on their goal to earn more. But of course, choosing coins will also matter which is why we only have to choose promising coins or those coins that we believe that it guarantees us returns.

It's not about how much money you have, it's about making the most of what you do have. Even a small investment can yield big returns in the world of crypto. I remember when I first started investing in Bitcoin, I only had a few hundred bucks to spare. But I did my research, took the plunge, and now I've seen my investment grow substantially. It's all about taking action, no matter how small. If you're waiting for the perfect time to invest in Bitcoin, you're going to be waiting forever.

Bull trend is confirmed if you will look at a monthly time frame of the price movement of Bitcoin and yes buying now can be a good decision because many also predicted that the price of Bitcoin in the next 3 months will be better.

There's no doubt about Bitcoin, its still cheap and there's still time to accumulate so have a good decision now and hold until you make profit. I'm still doing DCA because of a limited budget, but still this is a good strategy for long term.

Investing is not like pushing ourselves to do it as this likely will end up in a very inconvenient matter but it should be our desires and willingness which could result in positive. That is why I don't urge someone to invest but I'd rather wait for them to decide because that was their money and it was too hard to dictate a person whose mind is full of doubts and negative as surely it never went well. And we can't push someone if he/she never understands how crypto works but I believe they'll get courage when they fully get the idea.

Out of curiosity, can you name a few of them? That's a very conservative prediction, given we're already very close to breaking $30k.

As someone once said, relying on technical analysis price prediction is like driving a car while looking in the rearview mirror. There's zero guarantee that previous patterns will keep repeating themselves. If it was that easy we'll all be filthy rich by now.

Actually, the best time to buy is the last year, it was when the price of Bitcoin dropped very severely. If you bought some Bitcoin with your money at that time, you even already get profits if you sell now. However, it is not too late to buy now but I suggest "wait and see" first. I think you need to wait for the next correction, it is the ideal time to buy. By the way, I don't know what will happen in the next 3 months, it can be an uptrend or a downtrend again. How do you know the price of Bitcoin to double in the next 3 months?

In my understanding, a bullrun period happens every 4 years, but it is not a definite count. Since the first year of bearish is in 2022, so the possible next bullrun ideally happens in 2024-2025. So, it is not too late to prepare your Bitcoin now because there is still plenty of time.

Don't be one of those people who claim that they will only buy bitcoin when they have a lot of cash. If you're hoping for anything like that to happen, then you probably want to be one of the people that keeps saying they'll buy bitcoin when they have a lot of money, but then never actually does, so they miss their chance.

Invest the little you have in bitcoin. You must not have bought half of the bitcoin before you'll be able to have double the profits of the current price.

Obviously buying the dips is better than buying the peaks.  However, the important thing to remember is that you need to buy to benefit from Bitcoin or earn it in some other way.  I know a lot of people who watched me get "into" Bitcoin over the years and always said they'd buy at this level or when this happened, but they never do or they buy and then sell almost immediately when they didn't get rich overnight.  So buy low or buy high, but make sure you buy something (or earn it, trade for it, etc.).  Don't be that guy on the sidelines talking about how you knew Bitcoin was going to be the next global reserve currency but you were too busy doing other things to benefit from it.

The price of BTC is unlikely to double in the next 3 months. Well-known analysts predict reaching and fixing at $30k by the middle or end of the year.
But you should still buy some BTC at any time if you’re so optimistic.

So how sure are you that the price of Bitcoin is not down currently today at $28k/BTC? Because if you can look at the chart below you will notice that the price of Bitcoin just 10 days ago was $20k "11th, March 2023", while today, the price of BTC is standing at $28k, and who knows if by next 10 days it's price won't worth another $8k difference making it $36k by 31st March 2023. So my friend, I will love to say that there is no good or bad time, in as much as you buy the little you can afford at the moment.




So what prove have you to back your statement other than just mere words, that the price of Bitcoin will double in price in next 3 months.

the best formula is actually to recognize the tick when bitcoin is cheap, but that moment needs to be recognized. I'm afraid it's much more complicated than what you tried to write in two sentences.


I've been in this for quite a long time, and I don't think it's possible to make a parallel based on the movement of values in relation to a period of time. they are all coincidences and there is always a need for some significant event that will cause major movements.

For me, you don't really have to wait til bitcoin drops in value and becomes cheap before you go out there and buy bitcoins. If that would be the case then you'd literally lose hairs waiting especially during a bull run. For me, the best is to buy as much as you can in the moment, with full confidence that you wouldn't sell those at the first sight of trouble of course, and consistently do this until you eventually reach your desired amount. That way you can ride all the small umphs in value and at the same time secure yourself a spot whenever a bull run comes.

Buying low and then selling high is a basic person's solution to the problem of not being able to afford a bitcoin, but the above stated strategy for buying works more effectively.

We may be the great benefactors and we've just learned in the past that the price of bitcoin is getting higher each year that passes by. There will be new more trends that shall bump the price and mostly, the halving. But to discourage people to buy right now isn't sound advice. Instead of telling them not to invest, it's better for them to invest right now or whenever they're comfortable. That's the reason why many miss those times when it's too cheap because they've probably heard that it will dump some more until it didn't.

For your money to double, it does have to double in price as well and we can't be sure if it does within the next three months. But sure it will do but it's going to be a matter of time when.

OP, it's great that you're interested in investing in bitcoin. However, I would caution against assuming that past performance will necessarily predict future results. While there may be trends in the market, there are always unforeseen factors that can impact the value of cryptocurrencies. It's important to consider the risks and benefits of investing in any asset.

If you're comfortable with the potential risks and feel that bitcoin aligns with your investment strategy, then go for it! But just remember, investing in bitcoin can be a rollercoaster ride. 

You don't need to wait to be able to afford half of a Bitcoin, buy as much sats as you can afford now based on your income and repeat that at regular intervals.
Rather than giving financial advice and making repeated threads, you should focus on improving your knowledge on how Bitcoin works, this would put you in a better financial position.