Buying cheap is best formula - page 7.

GideonGono

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Quote from: Greggry on March 21, 2023, 03:29:35 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.

Yes the best formula is to buy at cheap price, but the problem is when and how much is the cheap price.
But as much as I believe that the price would go high there is no guarantee that it would really happen, just because of the past events we couldn't be sure that the history would repeat itself.

valsy

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Quote from: FatFork on March 21, 2023, 03:48:46 PM

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.

Wow, that's some good info right there

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Quote from: imamb on March 23, 2023, 10:14:18 AM

when bitcoin is above our mental confused to choose to enter or wait for the end to miss the moment again. it's true that as long as there is hope, use it as much as possible with an organized management. for me, don't invest directly in the money you have, but buy in stages so that something can be anticipated and not miss important moments

Yes, it's very confusing, I've felt in this position, when the price has gone up, sometimes I often feel nervous between selling it now or holding it for the long term and getting bigger profits.
Facing fear in making decisions.

There are several sources who say that in the next few months bitcoin will increase quite high, this can convince me a little to hold it and get the right moment.

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Quote from: LastKiss on March 22, 2023, 06:54:00 AM

Quote from: Greggry on March 21, 2023, 03:29:35 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.
~snip~

Anything that we buy for cheap is the best thing that we can do with our money, it's never too late to buy crypto especially Bitcoin. We always try to buy crypto as cheaply as we can but while we're waiting we already miss the train that we never get that price again in the future. Keep accumulating while the price is in discount and hold for the long term don't ever easily get FUD from other people.

when bitcoin is above our mental confused to choose to enter or wait for the end to miss the moment again. it's true that as long as there is hope, use it as much as possible with an organized management. for me, don't invest directly in the money you have, but buy in stages so that something can be anticipated and not miss important moments

traderethereum

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Quote from: bosede1 on March 22, 2023, 10:53:13 PM

As a good investor is it good to always buy when there is a dump in the price of bitcoin, but I will say anytime you enter the market is a good time to buy because you don't know if the price would have doubled the price you have then if you decide to wait.

Although it would be a good way to buy bitcoins, it is better to buy them when a correction is coming because you can buy them at a lower price.
Maybe we will find it difficult to find the lowest price because we don't know when the correction will come and what is the lowest price of bitcoin.
But we can try to buy bitcoin when the price decreases for a low price.
And the important thing is don't panic if the bitcoin price changes in price at any time.

andriarto

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Quote from: Sebas.tian on March 22, 2023, 11:18:06 PM

Don't wait till you get the big money before you can invest in Bitcoin OP, you can use that small amount of money you have now to invest and have something good to achieve when the price pump higher in the market. Buy cheap is one of the advantage many potential investors used to harvest huge amount of income from their investments, because it allow them to concentrate in the market price to know when to release the coins for sale. I think, there is a big hope for those that purchased Bitcoin early this year because the price has increased to $27,435 which is a sign that bullish market is about to take place.

if most people have the same thought, that the bullish season will come soon, then this is the right time to start buying it, and of course if it is done simultaneously it will have a positive impact, and the current price is still good to buy because it is relatively cheap , considering that there is no half of the price at the previous high. so that when the bulls come and form a new AT, we will get big profits

Sebas.tian

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Don't wait till you get the big money before you can invest in Bitcoin OP, you can use that small amount of money you have now to invest and have something good to achieve when the price pump higher in the market. Buy cheap is one of the advantage many potential investors used to harvest huge amount of income from their investments, because it allow them to concentrate in the market price to know when to release the coins for sale. I think, there is a big hope for those that purchased Bitcoin early this year because the price has increased to $27,435 which is a sign that bullish market is about to take place.

bosede1

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As a good investor is it good to always buy when there is a dump in the price of bitcoin, but I will say anytime you enter the market is a good time to buy because you don't know if the price would have doubled the price you have then if you decide to wait.

bettercrypto

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In these instances buying cheap altcoins that have potential and are also included in the top market is a good start to buy now if you know their market value has dropped.

Buying cheap is really a good way as long as you know what coins you are going to buy, you should know why you are buying it not only because it is cheap but for other reasons that you have to consider in the coins you choose or will choose.

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Quote from: Greggry on March 21, 2023, 03:29:35 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.

We've seen those good times which we do know that it is really that something that we can say that it does really have potential.It had made out several huge jumps that we didnt ever expect for it to happen.
This is why its not really that shocking that it did really get that main community support because of the possibilities and opportunities on making profits on holding for long term.
Of course we would really be needing to buy cheap if we are intending to make profits and sell it out when it is already that gaining or increasing from your entry point.
Selling decision could neither be done on short term or long ones.

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Quote from: Greggry on March 21, 2023, 03:29:35 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.

That is why bitcoin is considered a very profitable long-term investment and you can choose according to your ability to carry out the investment, basically buying bitcoins can be done at any time, as long as you understand investment patterns, both in cheap conditions and when the price goes up and most importantly the amount the authorized capital will affect the profits we get.

Quote from: Greggry on March 21, 2023, 03:29:35 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.

Mathematical calculations in bitcoin investment are not like that because no one knows price fluctuations, certain periods people take a short term approach for small profits with a standard amount of capital, but you can run long term to get far more maximum profits.

TribalBob

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Buying btc doesn't have to be in large quantities right away if we only have mediocre finances, just buy a few cents from bitcoin when we have more money after a long time and the accumulated can reach 1 btc or even more.
and it is workable in any conditions if buying in cents not 1/2 btc .
but it is true that if we are going to buy in bulk it is better to buy it when the market is down

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Quote from: rokok lokal on March 22, 2023, 01:54:57 PM

In my opinion, It is not always accurate to say that buying cheap is always the best formula. My reasoning is because the value of any asset can fluctuate based on various factors such as market demand, supply and overall economic conditions.

But it is the most desired time to buy when it's cheap. You'll maximize the potential profit that you may get if you started from the bottom and the cheapest price that bitcoin has ever can. However, it's unknown when the cheapest price would be and you've got to decide whether if the cheap price is actually cheap for you. But true to that, the price varies and fluctuates a lot and if you're not confident that you'll fetch the lowest and cheapest price then you have to do the strategy which is very common today which is dollar-cost averaging.

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Quote from: kryptqnick on March 22, 2023, 02:20:14 PM

Buying low and selling high is a well-known guideline regarding investment, and it doesn't matter how much you can afford to invest to start doing it. Some may say that it's already too late right now because the price was around $20k just recently and is more than $28k now but that's one way to look at it. Sure, maybe the price will fall again. But even the current price is just 40% from the ATH and Bitcoin tends to not just reach the previous ATH but surpass it with each new bull market. So the price is still pretty good and the op is right that the profit can easily double after some time.

This is something difficult to understand for the newbies and even those who have been in Bitcoin for quite some time but only want the hype and the "get rich overnight" kind of mentality.
I've seen many people who's always saying that Bitcoin's price are too high now and it's too late to invest. This has been always the narrative since Bitcoin touched the $1k mark for the first time.
This is also the same reason why some are having a hard time in "buying low and selling high".

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Quote from: The Cryptovator on March 22, 2023, 02:20:25 PM

As a newcomer to the world of Bitcoin, there is a significant amount of information you must acquire. During times when Bitcoin's value is declining, few are interested in purchasing it. However, as Bitcoin's value begins to rise, a flurry of threads emerge inquiring about the best time to buy. Many people become anxious during market downturns and assume that further losses are imminent. Despite this, many individuals still plan to purchase Bitcoin during future dips. Nonetheless, it is difficult to predict market trends with certainty. Consequently, my personal strategy is to invest whenever I believe it is an opportune moment to do so, regardless of whether the market is experiencing a dip. Regardless of the sum invested, it is essential to hold onto your assets for an extended period of time. By continuing to invest, you will eventually see a return on your investment.

Long term investment will be better and will not interfere with psychology. Whenever you want to buy bitcoins it's your own decision and when the decline continues, I believe that it is the best opportunity to start buying gradually. Some people who don't believe and are afraid that bitcoin will continue to fall, they don't have any strategy. I am more inclined to do DCA to add bitcoin assets so that there are more and more accumulated prices. Market trends are indeed difficult to predict, but when someone has TA and FA knowledge it will be more profitable, can predict where to buy and what target to achieve. It only takes time and patience to get the benefits or reach the target we want.

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Quote from: Marvell1 on March 22, 2023, 08:31:03 AM

Quote from: rby on March 22, 2023, 08:13:31 AM

Quote from: Greggry on March 21, 2023, 03:29:35 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.

Buying cheap and selling high is the real formula of Bitcoin. There is no doubt about this, but there is always some kind of difficulty in knowing where exactly is the low price in order to buy cheap.
And also it is not always easy to know where there is the highest price in order to sell and make profits.
Some people will still not sell their bitcoin even when they make X10 and they will believe that bitcoin will explode the more. In the process of waiting it may begin to decline in price.
However, I am not very sure that bitcoin will increase in the next three months to the level of doubling or tripling.

In investing, buy low sell high is the general formula, not just bitcoin, this formula can be applied to all financial markets. But you're right, it's extremely difficult to pinpoint where the low price to buy is, and there's no guarantee that bitcoin will continue to double over the next 3 months. The effective way to get a return on investment in bitcoin is a long-term investment and DCA every time we have money, by long-term accumulation and holding, we will get the best return. Don't wait for the lowest price to buy because we won't know until it's past.

I agree and I also believe this is the mistake some people make investing in Bitcoin. You know some people must have thought that Bitcoin was going to dip further when the price dropped to $15k+ and might have the money to buy but thought it wouldn't go down further and here we are.
DCA is the best way to go but also if the price has fallen really low like it did the last time, you can buy since your intention is to hold for a long time.

The Cryptovator

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As a newcomer to the world of Bitcoin, there is a significant amount of information you must acquire. During times when Bitcoin's value is declining, few are interested in purchasing it. However, as Bitcoin's value begins to rise, a flurry of threads emerge inquiring about the best time to buy. Many people become anxious during market downturns and assume that further losses are imminent. Despite this, many individuals still plan to purchase Bitcoin during future dips. Nonetheless, it is difficult to predict market trends with certainty. Consequently, my personal strategy is to invest whenever I believe it is an opportune moment to do so, regardless of whether the market is experiencing a dip. Regardless of the sum invested, it is essential to hold onto your assets for an extended period of time. By continuing to invest, you will eventually see a return on your investment.

kryptqnick

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Buying low and selling high is a well-known guideline regarding investment, and it doesn't matter how much you can afford to invest to start doing it. Some may say that it's already too late right now because the price was around $20k just recently and is more than $28k now but that's one way to look at it. Sure, maybe the price will fall again. But even the current price is just 40% from the ATH and Bitcoin tends to not just reach the previous ATH but surpass it with each new bull market. So the price is still pretty good and the op is right that the profit can easily double after some time.

Maxre

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Quote from: Greggry on March 21, 2023, 03:29:35 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 that buying cheap is good but you don't know how to buy cheap 🤣
Because Those people who have great knowledge and also trading experience can guess that this is cheaper to buy crypto at that point and it could be a game changer too. So I will say that You just have to simple click and you buy at cheap and tha other click to buy at lower price. So this is just not a click game. Pay attention and learn and some day you will buy cheap and you will be happy at that moment.

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OP: Well.-.! this is not it's that simple like buy. That is, you're leaving many observations out of the plan. e.g. , you car, so that it works, it only needs gasoline! (?), so, your car only needs that you to buy it.

In reality, there are people who adapt to Hodl and forget to buy, others trade, others simply buy and sell, which should not be confused with being a trader.

Actually, the basic formula is to be well informed.

Topic: Buying cheap is best formula - page 7. (Read 1069 times)