Topic: Do you still advised more buy and store? - page 2. (Read 2176 times)

I think if you are concerned about whether its still a good time to invest, you should also remember that there's always some opportunities along the way to invest, basically i've seen the price dipping quite sharp enough that it opens up opportunity to DCA as well as just outright investing all capital and expect the price to recover within few hours.
its never late to invest in bitcoin honestly until bitcoin truly hits all time high then maybe you should think about refraining from investing but even then there's a chance that the price would keep going up anyway.
so therefore if you can try to find some random dumping it might be good entry for you.

Futures trading? I dont think so and this is something that cant really be that recommended specially if you dont have that proper or enough trading experience yet you would really be just basically be
busting up all of those coins that you do have or investment on the time that you would really be messing up or did make a bad decision specially on higher leverage trades. So i do tell that i would really be opting
out this kind of option. If ever you would really be tending to get involved with trading then i would really be that recommending on doing spot rather than on futures, it is really just that similar to gambling
on trading form but if you are really that eager on earning that big on fast manner then this would be an option but of course risks is really that high.

Basing up into the condition of OP, then always put up into your mind about investing on the amount on which you can really just that afford to lose. If you cant bare up with the price volatility
then better stop, if you cant bare up with the risks then better stop but if you can handle out such extremities then proceed and go ahead yet we do know
on what those opportunities that it could possible give on.

When it comes to acquiring of Bitcoin, the DCA method is actually the best among all because their is never a good time to buy Bitcoin than now. I really do believe that we are still in the early days of Bitcoin, so more growth is really been expected from it. Just try even if it's $5 or $10 weekly or monthly, anything you can afford, just make sure you DCA into Bitcoin now so you won't regret later.

Price volatility is not the big deal, the big thing is investing in your DCA system. If you can invest in DCA method every week or every month then it will be the best method for you. I was once very interested in investing in bitcoins like you but I had no funds to invest in bitcoins. Now I am doing something by earning bitcoins and besides physically I am supporting my family by earning physically and I am investing in bitcoins that I earn from bitcoin forums. I am currently investing using DCA method my invest is growing overnight and my investing has become much easier.

whether you are a trader or investor, you must have a good strategy for investing in bitcoin, the DCA method and the buying the deep method for accumulating capital have been widely discussed, you must have a definite goal to succeed in investing in bitcoin, as well as when you trading bitcoin because of a goal that will definitely make whatever we do in bitcoin run smoothly.  if you are a trader then continuing to actively trade and also deepening your skills in trading is a good thing, while if you are an active investor, buying periodically and holding for the long term is also a good thing, the choice is yours. 

I give people some ideas. Look at when this thread was made and what the date is now, if you look back at that time just do what you have to do like buying what you've got on your mind. That money was well spent and you even made a decent profit at the present time.
But if you didn't do it, for sure that you've spent the money already and you are still thinking now if it's the right time to buy, and I tell you again, look forward somewhere in the future and think of the same question and scenario back then.

You don't buy Bitcoin because you want to follow others. You need to have own analysis, don't just buy without any research. Sure, Bitcoin price probably will reach a new ATH but it won't suddenly happen. You must understand that it also has no guarantee that BTC can pass its last ATH in every bullrun season. Although in the previous seasons it always created a new ATH, we don't know whether it created a new ATH or not this season.

It is possible to have a new ATH at the end of 2024. But you must have a second plan, how if it won't reach the ATH this year? You also need to understand that having Bitcoin won't always to give huge profits. If you always hold and doubt to sell the Bitcoin during the bullrun season, you even fail to take profits. It is not a fake story, there is some people who failed to sell their Bitcoin in the last bullrun season. So, the next bullrun season can't guarantee you to be rich person, mate. 

Since you have family obligations, I don't think purchasing Bitcoin right now is the best course of action for you. However, I won't suggest that you neglect your family. The needs of your family should come first if you wish to invest in Bitcoin. Right now, I'd just advise waiting and starting your investments later when you think you are balanced and you don't have  much responsibility on your head again, in my opinion, will be the wisest course of action since, if you try to invest now, you might sell your Bitcoin investments later, because you may invest money you may like to use in nearest future to buy Bitcoin now, and due to Bitcoin price fluctuation you may at lose want you may decide to sell it.

I don't think anybody will advise you to buy now or not because of the price instabilities. You will need to do your own research because nobody knows what will actually happen with the Bitcoin price between this short period before halving. So let your own research convince you whether to buy now or not. But all I know is that if you want to store for a long period of time, I will say you can by now because the halving ahead, and that is a sign of a bull run. So as the price of bitcoin has not returned to the higher price of the last bull run, there is probably that you will surely make a profit.

Then focus on the responsibility which you are having to carry out and leave bitcoin investments for now everyone is skeptical about bitcoin movement the same way you are skeptical, that’s why the amount which you are suppose to leave in bitcoin is the amount which you won’t be using for now, and the amount you can afford to lose. You can’t be having problems to take care of and still be investing in bitcoin, it makes no sense to me, take care of your problem, and after doing that, you can then start investing in bitcoin. If you invest in bitcoin currently, don’t be surprised that it might start dumping.

If you are holding on because of the bitcoin price instability, I don’t think you will be investing in bitcoin, because bitcoin prices will not be stable, the only reason why I will tell you not to invest yet is because you said you are having some other responsibility to take care of, so just clear that first, then start investing in bitcoin. No matter how long you wait, then there will always be volatility in bitcoin.

I think we often save money by insuring a five-year or ten-year term. But I would say you save money by buying bitcoins instead of investing in insurance. Over time that can give you multiple profits. You save money from your salary and buy bitcoins little by little. The market will be volatile but you will hold on.

  If you started doing this at the time this topic of saving Bitcoin little by little was made until now, I am pretty sure that you have saved a lot of Bitcoin, and somehow its value has doubled for sure at the current price of Bitcoin, right?

  But if you haven't taken any steps and you're just starting to save Bitcoin because of the bull run that's coming this year, if I were you, don't continue; instead, it's better to do a DCA with the alternative cryptocurrency. This is my advice or suggestion to you.

I'm going to accumulate a small amount of bitcoin everyday with my monthly savings. I'll be doing it till bitcoin remains below 50K. 50K to 100K would be a no buy no sell zone and anything above 100K, I'll start selling. Doing so I plan to bring x3 profit as my average buy price would be much lower than 50K while I'll sell on different slabs above 100K. There's no doubt I'll achieve it but the real question is how soon? It won't be worth if it takes 10 years. There are so much hype of 100K that I believe it should be achieved in next couple of years. So, I'll recommend you to keep buying.

accumulating for investment wouldn't go to waste if you accumulate at the right time, even more so for salary man that have no idea what to do with their money other than being consumptive and spending it for something mundane, because tbh, investing might be best decision ever if things turned out well in the future, of course in reality investing might not be all rainbow but you can guess that its better than just letting your money getting eaten by inflation, if saving your salary to accumulate bitcoin is best strategy in your opinion then go for it, but remember never to buy when the price already too high just see previous all time high and make decision based on it because we all know in every bullrun the target is always surpassing the previous all time high otherwise many people would get disappointed but even then we don't really know whether we could be hitting all time high this time around considering the fact that previous ATH was also quite the massive one.

If ETF prove to be really impactful in this case, maybe we would surpass previous all time high so yes, investing right now would still be a interesting opportunity.

Unfortunately, because Bitcoin transfer fees are very high in nowadays, many small investors avoid making small purchases for saving Bitcoin. Yes, this is unfortunately a big problem for accumulating Bitcoin by making small purchases but I would like to remind you that it is possible to find a solution to this problem by using alternative methods.

For example, Bitcoin can be accumulated using any cryptocurrency exchange every week or every month within the budget and if there is a decrease in the transfer fees this balance can be transferred to the wallet. Of course, although it isn’t a good thing to store cryptocurrency savings in exchange accounts and although many exchanges charge transfer fees which we can consider high for Bitcoin transfers, depending on market conditions I think it is possible to at least accumulate small amounts of Bitcoin in this way.

It's undeniable that bitcoin is one of the biggest and successful investment anyone should have done when the prices where lower because today, it's worth much more than any other investment but we shouldn't forget that there is success outside bitcoin. There are more investment outside bitcoin, this is not the only investment to survive but it's a good thing to have some as a portion of investment in bitcoin to avoid "had I know back then, I should have".

Yesterday, I was watching a TV show of a guy that won ₦60 million from playing aviator and this money is something that can change his life and that of his immediate family members if it's put in good use. This was from gambling which we all know that it's very risky but he made it by the way. It's a legit investment he has made through luck. So what am saying, even if you invest your life into bitcoin, make sure that you look into other opportunities because it's possible that we might not seen the gains from bitcoin like it did in the past.

There is still a lot of time to save, there is still a lot of time to start rebuying.
Implement an effective DCA strategy to accumulate Bitcoin holdings and make the Portfolio better.
Of course, you must have enough money reserves to reach all the cheaper prices.

ATH $100k is a common speculation and even my target is also above that price and waiting for 2024-2025.
Everyone will be happy with the price increase if it reaches a new ATH,
but the current price increase, breaking through $40k is quite an incredible achievement for Bitcoin at the moment.

If you have money to invest btc with fulfill your family duties, then you should not put extra money in bank, but you invest in btc for better life. I also invest many coins and also btc. Btc is such a coin which changes your life

Upon reading that you expect bitcoin to reach another ATH by the end of 2024 I checked its price history. Bitcoin indeed made an ATH by the end of 2020 and then it continued to grow to $69k by 2021. So maybe next year which is the halving year will repeat itself. I would be very happy if bitcoin reaches another ATH by next year which means $100k or even more is still very possible by 2025.

So there's still plenty of time to save and then invest. I'm getting more excited but at the same time I am also taking the waiting time to accumulate more before an ATH is reached once again.

Of course you should buy bitcoins now, you should buy bitcoins now and save for the long term. Because the price of Bitcoin is about to hit an all-time high. This is likely to happen by the end of 2024. And the price of Bitcoin is currently very high on its growth trajectory. The value of Bitcoin is increasing rapidly. Bitcoin price has increased by 16.1% in the past week alone, and it is still on the rise. lf you buy and hold Bitcoins now, your family will get huge financial support in the future.

If I were the OP, I would only focus on making more money by buying my Bitcoin through a wallet and also through futures trading. There are times when people should worry about losing their investments when they buy Bitcoin, but this time is certainly not one of them. Bitcoin is such that is good enough for anyone to own and get to make easy and flawless success during the bullish time. The good news is that this is the bullish time, there is no need for worries.

And fine, learning about trading speculation is a very good one, but this often misleads some people, they are just weak in it. Many believe they are good analyst but in practice, their analytical skills are poor, which is why following sentiment at times is good, and the reason why I urge people right now not to miss this general cake but to buy Bitcoin and HODL it.

Not only that, if there is spare money after the initial investment, nothing stops you to keep on buying it just like you are putting money in your savings account. You would be surprised what this approach will yield in the next 1.5 years or so. Conclusively, it's not about what you fear, know or the past experience about Bitcoin, it's all about the sentiment going on now (the Bull and FOMO). It's either you continue to buy and laugh later or you miss out and be sad. Good luck!