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Topic: Buying cheap is best formula - page 2. (Read 1069 times)

sr. member
Activity: 882
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June 25, 2023, 05:40:13 AM
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.

An experience worth applying. You are highly dedicated and committed and able to read where BTC is going. Yes. if we consistently invest in BTC, we never lose, let alone have a strong Hodling mentality.

Yes. Market correction provides more value for long term Investors to add to the weight of their BTC bag and as you said Nothing is lost in bitcoin it even increases if you get in during a fairly high correction in early January 2023 and it is exactly as the title of your post Buying cheap is the best formula at that time.

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.

Of course it comes back to the OP. It's not wrong either, but, as much as possible we also have to have an instinct when to enter the market correctly and when to leave, of course, using our own technique in reading. But, I think it's done for short-term traders only, while long-term traders are still waiting for the most realistic price for them to sell.

hero member
Activity: 980
Merit: 947
June 25, 2023, 05:27:36 AM
You are very positive, which can also lead to losses. I mean, if you bought at the time you posted this, you would have profited around 30–40%, which is also good, but still, it doesn't double your investment. But again, you bought it at a cheap price, which is why it is always best if you can buy anytime and accumulate it because the price keeps increasing. Also, if you still wait until you can afford to buy a whole bitcoin, then for sure the price at that time is higher. It is better to buy it in small amounts than one time.
I also think that buying in parts is a more profitable strategy, but it's up to everyone, everyone must decide for himself what is best for him.

You could buy a whole bitcoin when the price was 20k, or you could buy in parts and the average purchase price would be 25k. In some case, the benefit will be better, but in general it can be approximately the same result. It is possible even now to buy one bitcoin at 30k and it will not be the worst investment option, as I believe that this will allow you to get at least x3 in the upcoming bull market. This is a very good potential profit, I do not know what assets can give such a potential profit, for each of us.
hero member
Activity: 2366
Merit: 594
June 25, 2023, 05:08:19 AM

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 very positive, which can also lead to losses. I mean, if you bought at the time you posted this, you would have profited around 30–40%, which is also good, but still, it doesn't double your investment. But again, you bought it at a cheap price, which is why it is always best if you can buy anytime and accumulate it because the price keeps increasing. Also, if you still wait until you can afford to buy a whole bitcoin, then for sure the price at that time is higher. It is better to buy it in small amounts than one time.
hero member
Activity: 1960
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June 25, 2023, 05:01:01 AM
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.
Buying cheap is the best formula. But what is cheap? I would say that buying right is the best formula. Your formula may work for you, but I do not think it is universally applicable. As it comes with a lot of anxiety. Besides, your idea of bitcoin's price is just a speculative as it is with every other person. Do not mount so much pressure on yourself because of FOMO. I don't know how long you have been in the market but if you have been here long enough you would have heard about Dollar Cost Average strategy which is actually the best out there. You should read up on it.

Buying right is the best formula, but what is buying right? I still don't understand what you mean. In my opinion, the best time to buy is whenever you have the money to buy, and the bitcoin price is still lower than the old ATH, especially if we are still in a bear market like now which is for the best. Buy cheap or buy low is what any investor wants, but how do you know the lowest price to buy? No one knows.
In my opinion, the best buying formula is to use DCA, using this strategy, we will never miss any low and will not regret whether the market goes up or down.
sr. member
Activity: 1022
Merit: 368
June 25, 2023, 02:42:22 AM
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.
Buying cheap is the best formula. But what is cheap? I would say that buying right is the best formula. Your formula may work for you, but I do not think it is universally applicable. As it comes with a lot of anxiety. Besides, your idea of bitcoin's price is just a speculative as it is with every other person. Do not mount so much pressure on yourself because of FOMO. I don't know how long you have been in the market but if you have been here long enough you would have heard about Dollar Cost Average strategy which is actually the best out there. You should read up on it.
legendary
Activity: 2338
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June 24, 2023, 07:16:13 PM

Yes, it really depends on how a person describe Bitcoin based on their perspective and experiences. If they profited a lot in Bitcoin and called it as a source of profit and some planning to have a long term investment from it so in the future they could have a financial freedom. Bitcoin could really gives a lot of opportunity to the people on how they manage it. But let's not sugar coat it and be biased on Bitcoin there would be a risk involved and won't avoid the losses in the process.

I'm not a maximalist junkie who would judge what you said with disgust but I'm pretty sure that if the goal is to invest in Bitcoin without looking at profit but at financial freedom you can consider it a safe one.  I am convinced that it already works and is making many people free especially the unbanked.

When it comes to finance means people are looking for profit, and freedom is not something that will be prioritized. If bitcoin were just a currency with no volatility and no profit making, do you think many people would get into it just for the sake of freedom? I believe almost 99% of people invest in bitcoin for the profit it can bring, freedom is just the second factor. How many people come to this market for technology, for freedom, and not for profit? Are you looking at bitcoin as currency?
hero member
Activity: 770
Merit: 538
Leading Crypto Sports Betting & Casino Platform
June 24, 2023, 06:46:08 PM
therefore we must have a strategy that must be adhered to to make a purchase map,

Yes, I agreed to that. About two years ago, when I was very active in trading Bitcoin and other crypto on the CEX, there was this strategy I had. First, I always say to myself, "If you believe in any price, just place your order and forget about it until any day or time it buys or sells." The reason for that was that, for example, if you predict a close price for a coin or token, it will definitely get there. Such strategies have been working for me since then.

For example, if I assume that BTC will drop to $28k and I wish to buy at that price, I will just place the buy order and allow it to run for some time; it could last days, weeks, or a month, but I will never cancel that order until it finally runs. So, I can say that if you want to buy Bitcoin, you could still derive one cool strategy for yourself, but DCA is still what most people are using to invest in Bitcoin now.
legendary
Activity: 3010
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June 24, 2023, 05:46:06 PM
I don't think there is a specific period for trading and this period is good as well to buy and invest. Now that Bitcoin is still wavering to go up, it is the best time to invest. OP if nothing is lost then why companies fold up and some even removed workers from the companies. There is risk in Bitcoin and with that in the process one might loss coins if care is not taking.

I think otherwise, trading happens everyday yes but to be effective in trading there are period that is good for buying and period that is good for selling.  Day trader is an exemption to these because they take advantage on price fluctuation.

If anyone is buying Bitcoin now and store it for years to come even just two years and if the person buy  and store enough before 2026, the person will make enough benefits from the investment. According to the op topic the best time is now and do not procrastination again, put your dreams I'm action so that you will be smiling when the price finally rise to the peaks.

So this means there is really a period for buying and selling and one can take the full benefits by setting a specific period when to buy and when to sell.
newbie
Activity: 41
Merit: 0
June 24, 2023, 04:33:17 PM
I don't think there is a specific period for trading and this period is good as well to buy and invest. Now that Bitcoin is still wavering to go up, it is the best time to invest. OP if nothing is lost then why companies fold up and some even removed workers from the companies. There is risk in Bitcoin and with that in the process one might loss coins if care is not taking.

If anyone is buying Bitcoin now and store it for years to come even just two years and if the person buy  and store enough before 2026, the person will make enough benefits from the investment. According to the op topic the best time is now and do not procrastination again, put your dreams I'm action so that you will be smiling when the price finally rise to the peaks.

We should also really understand the basic principles of investment, especially in bitcoin. Uncertain price movements and it is still uncertain whether price movements will continue to experience a bearish trend or turn into a bullish one.

Of course there are many things that need to be considered and not all of them are solely thought about the benefits that can be obtained because we are investors who must be aware of all the risks that can occur, even if it's from bitcoin.
hero member
Activity: 504
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Pizza Maker 2023 | Bitcoinbeer.events
June 24, 2023, 04:23:29 PM

Yes, it really depends on how a person describe Bitcoin based on their perspective and experiences. If they profited a lot in Bitcoin and called it as a source of profit and some planning to have a long term investment from it so in the future they could have a financial freedom. Bitcoin could really gives a lot of opportunity to the people on how they manage it. But let's not sugar coat it and be biased on Bitcoin there would be a risk involved and won't avoid the losses in the process.

I'm not a maximalist junkie who would judge what you said with disgust but I'm pretty sure that if the goal is to invest in Bitcoin without looking at profit but at financial freedom you can consider it a safe one.  I am convinced that it already works and is making many people free especially the unbanked.
newbie
Activity: 13
Merit: 0
June 24, 2023, 04:10:04 PM
Trading in this particular currency has developed into a tempting side business that contributes to earning additional revenue as a result of growing interest, strict regulatory scrutiny, and conflicting media coverage. However, that does not imply that you should take into account past events as a guarantee for the future. In the meantime, if you believe that Bitcoin fits with your financial philosophy, go for it.
hero member
Activity: 1470
Merit: 790
ARTS & Crypto
June 24, 2023, 02:24:47 PM
The fact is that we see the price chart of the past time.
And because of this, in the present time it is impossible to understand where the price chart of bitcoin or any other cryptocurrency will move later.
It happens because market can be manipulated by the whales and it can be more volatile if any good or bad news arrives. For that period no chart analysis is going to work properly. Because then people are going to buy with FOMO(Fear Of Missing Out) or sell with FUD(Fear, Uncertainty and Doubt).
As this happens we should put stop loss at a lower level of support zone so that we bear a small loss and can invest at more lower price.  

True, but not quite accurate. The market sometimes reacts to the news at the moment of its appearance, even if the event described in the news happens later. And sometimes the market reacts to the news only when this event comes according to the calendar and the clock. Market reversals, bottoms and all-time highs come from news and psychology. They are fixed on the chart and support and resistance levels are formed from their repetitions. Which later begin to influence the market themselves.

[in general, you need to buy and sell Parts of the deposit. Then you will definitely guess everything.

This is a best idea for having a good avarage price of investment. You can do DCA(Dollar Cost Averaging) which is more essential at this point to invest for long term.

Yes, averaging is a great way to consistently make a profit. The feeling of lost profits will not stifle so much.
hero member
Activity: 700
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June 24, 2023, 02:03:51 PM
I don't think there is a specific period for trading and this period is good as well to buy and invest. Now that Bitcoin is still wavering to go up, it is the best time to invest. OP if nothing is lost then why companies fold up and some even removed workers from the companies. There is risk in Bitcoin and with that in the process one might loss coins if care is not taking.

If anyone is buying Bitcoin now and store it for years to come even just two years and if the person buy  and store enough before 2026, the person will make enough benefits from the investment. According to the op topic the best time is now and do not procrastination again, put your dreams I'm action so that you will be smiling when the price finally rise to the peaks.
full member
Activity: 658
Merit: 158
BTC Rocks
June 24, 2023, 02:00:06 PM
The fact is that we see the price chart of the past time.
And because of this, in the present time it is impossible to understand where the price chart of bitcoin or any other cryptocurrency will move later.
It happens because market can be manipulated by the whales and it can be more volatile if any good or bad news arrives. For that period no chart analysis is going to work properly. Because then people are going to buy with FOMO(Fear Of Missing Out) or sell with FUD(Fear, Uncertainty and Doubt).
As this happens we should put stop loss at a lower level of support zone so that we bear a small loss and can invest at more lower price.  

[in general, you need to buy and sell Parts of the deposit. Then you will definitely guess everything.

This is a best idea for having a good avarage price of investment. You can do DCA(Dollar Cost Averaging) which is more essential at this point to invest for long term.
sr. member
Activity: 1400
Merit: 420
June 24, 2023, 01:37:10 PM
To be honest, the cheapest price was at the end of 2022 around the $15k price level, but yes, that was when everyone was screaming because the prices were going down more extreme than usual so not many saw an opportunity at that time. I would probably get close to 90% return on investment today if I had bought back then.


Anyone who has a good understanding of how Bitcoin works knows that investing in other cryptocurrencies, including Bitcoin, is risky.  Which a bitcoin investor must accept. And investing in Bitcoin carries high risks as well.  So is the possibility of higher profits is also soo big. So if you want to achieve something big, you must take risks

I don't really agree with what you're saying, first of all we need to clarify that when you decide to buy Bitcoin it's not an investment where you have to expect an economic return, because if this is what you expect you should look elsewhere.  The only wealth that Bitcoin can give you is financial freedom, keep that in mind.

In depending on the references of each, I think in this context there is nothing wrong, but you have to see which boat you are using in using bitcoin. I think there's nothing wrong with seeing bitcoin as a source of profit and there's nothing wrong with thinking about bitcoin as a hedge or financial freedom, I think it's all true but depending on where you look at it so it's not debatable.

Yes, it really depends on how a person describe Bitcoin based on their perspective and experiences. If they profited a lot in Bitcoin and called it as a source of profit and some planning to have a long term investment from it so in the future they could have a financial freedom. Bitcoin could really gives a lot of opportunity to the people on how they manage it. But let's not sugar coat it and be biased on Bitcoin there would be a risk involved and won't avoid the losses in the process.
The best formula to profit from Bitcoin whether it is bought at a cheap price or at a high price is to hold it for a long time. If you want to get good profit there is no substitute for long term hold. But it is possible to earn profit without long term hold, but in this case you have to follow Bitcoin constantly and do day trading. But here the profit will be limited. In this case, OP formula will work that Buying cheap and sell in profit
hero member
Activity: 1470
Merit: 790
ARTS & Crypto
June 24, 2023, 01:05:14 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.

The fact is that we see the price chart of the past time.
And because of this, in the present time it is impossible to understand where the price chart of bitcoin or any other cryptocurrency will move later. For example, you see a valuable bottom, and you realize that this was the best time to buy. People watching the price at the time of the formation of this price bottom did not know where the price would go next. You can buy on all the stables. And what's next? And suddenly the price will go even lower. in general, you need to buy and sell Parts of the deposit. Then you will definitely guess everything.
hero member
Activity: 924
Merit: 600
Leo is resting.
June 24, 2023, 12:27:20 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.
Your words sounds like sarcasm in a way that makes you look like you didn't really know the meaning of investment in cryptocurrency. For you to buy coin at a cheaper price and sell it when the price goes up is a form of investment in case your don't know. Investment is of various ways and if you don't want to trade Bitcoin or other coins, you can buy crypto at cheaper price and sell at higher price. The difference I price is how we make money in trading or investment. There are other ways too we can make money in cryptocurrency and it involves mining, staking etc.
legendary
Activity: 2716
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June 24, 2023, 10:39:23 AM
Yes, it really depends on how a person describe Bitcoin based on their perspective and experiences. If they profited a lot in Bitcoin and called it as a source of profit and some planning to have a long term investment from it so in the future they could have a financial freedom. Bitcoin could really gives a lot of opportunity to the people on how they manage it. But let's not sugar coat it and be biased on Bitcoin there would be a risk involved and won't avoid the losses in the process.
Sometimes someone is too complacent about Bitcoin so they ignore the risks that will occur.
These risks can make them turn around and stay away from Bitcoin. When at first they always had a good view of Bitcoin, they changed drastically when they experienced problems and some losses due to a lack of knowledge on Bitcoin investment.

Covering up risks will only make things worse. All investment instruments even have risks including Bitcoin as a decentralized digital currency which has higher risks.
In fact, I always tell everyone that Bitcoin is more risky than anything else, but it will also provide benefits for those who are serious.
sr. member
Activity: 1624
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June 24, 2023, 09:54:43 AM
To be honest, the cheapest price was at the end of 2022 around the $15k price level, but yes, that was when everyone was screaming because the prices were going down more extreme than usual so not many saw an opportunity at that time. I would probably get close to 90% return on investment today if I had bought back then.


Anyone who has a good understanding of how Bitcoin works knows that investing in other cryptocurrencies, including Bitcoin, is risky.  Which a bitcoin investor must accept. And investing in Bitcoin carries high risks as well.  So is the possibility of higher profits is also soo big. So if you want to achieve something big, you must take risks

I don't really agree with what you're saying, first of all we need to clarify that when you decide to buy Bitcoin it's not an investment where you have to expect an economic return, because if this is what you expect you should look elsewhere.  The only wealth that Bitcoin can give you is financial freedom, keep that in mind.

In depending on the references of each, I think in this context there is nothing wrong, but you have to see which boat you are using in using bitcoin. I think there's nothing wrong with seeing bitcoin as a source of profit and there's nothing wrong with thinking about bitcoin as a hedge or financial freedom, I think it's all true but depending on where you look at it so it's not debatable.

Yes, it really depends on how a person describe Bitcoin based on their perspective and experiences. If they profited a lot in Bitcoin and called it as a source of profit and some planning to have a long term investment from it so in the future they could have a financial freedom. Bitcoin could really gives a lot of opportunity to the people on how they manage it. But let's not sugar coat it and be biased on Bitcoin there would be a risk involved and won't avoid the losses in the process.
hero member
Activity: 1400
Merit: 674
March 30, 2023, 04:27:33 AM
To be honest, the cheapest price was at the end of 2022 around the $15k price level, but yes, that was when everyone was screaming because the prices were going down more extreme than usual so not many saw an opportunity at that time. I would probably get close to 90% return on investment today if I had bought back then.


Anyone who has a good understanding of how Bitcoin works knows that investing in other cryptocurrencies, including Bitcoin, is risky.  Which a bitcoin investor must accept. And investing in Bitcoin carries high risks as well.  So is the possibility of higher profits is also soo big. So if you want to achieve something big, you must take risks

I don't really agree with what you're saying, first of all we need to clarify that when you decide to buy Bitcoin it's not an investment where you have to expect an economic return, because if this is what you expect you should look elsewhere.  The only wealth that Bitcoin can give you is financial freedom, keep that in mind.

In depending on the references of each, I think in this context there is nothing wrong, but you have to see which boat you are using in using bitcoin. I think there's nothing wrong with seeing bitcoin as a source of profit and there's nothing wrong with thinking about bitcoin as a hedge or financial freedom, I think it's all true but depending on where you look at it so it's not debatable.
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