Don't wait to invest. - page 2. | Bitcointalksearch.org

Iranus

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Quote from: Shishir99 on November 15, 2024, 01:00:09 PM

Quote from: Iranus on November 15, 2024, 08:32:03 AM

As you may know, many investors are waiting for the historic milestone when bitcoin hits $100,000 to take profits, so I just want newbies to be sober and do not FOMO. Only invest when they have done their own research, analysis on bitcoin and are ready to invest. Don't invest and buy bitcoin on other people's advice because our buying positions are not the same.

But unfortunately, the word newbie already defines that they are fresh on the market. I don't think they know which factors to consider when they will do their research. So, I won't suggest any newbies to invest in altcoins at this moment. They can still invest in Bitcoin if they have plan to hold it for a long time. But it only applies if someone is going to do DCA. Otherwise, this is not a good time to invest at all. People will invest while the market is good, and after a couple of weeks, they will start panic and sell their Bitcoin at loss.

If you don't even have basic knowledge of bitcoin, how can you be confident enough to hold it for the long term and be ready to DCA whenever bitcoin corrects?

Old investors like us may not feel worried and will feel happy every time bitcoin corrects, that is because we have knowledge and understanding about it, from which we have faith in it. But for a newbie, without knowledge and just following other people's advice, it will never be possible to do that. You and I were newbies once, I think you understand that better than any newbie, how can we trust someone when we know nothing about them? So I also object to the idea of giving investment advice to newbies even if it is bitcoin, instead I think they should invest in knowledge first.

Investing on someone else's advice is no different than gambling; any investment has risks, including bitcoin, and returns will depend on your knowledge, not the type of asset you invest in.

lixer

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Quote from: Shishir99 on November 15, 2024, 01:00:09 PM

Quote from: Iranus on November 15, 2024, 08:32:03 AM

As you may know, many investors are waiting for the historic milestone when bitcoin hits $100,000 to take profits, so I just want newbies to be sober and do not FOMO. Only invest when they have done their own research, analysis on bitcoin and are ready to invest. Don't invest and buy bitcoin on other people's advice because our buying positions are not the same.

But unfortunately, the word newbie already defines that they are fresh on the market. I don't think they know which factors to consider when they will do their research. So, I won't suggest any newbies to invest in altcoins at this moment. They can still invest in Bitcoin if they have plan to hold it for a long time. But it only applies if someone is going to do DCA. Otherwise, this is not a good time to invest at all. People will invest while the market is good, and after a couple of weeks, they will start panic and sell their Bitcoin at loss.

That is true, investing in altcoins for a newbie would be a wrong move without a doubt. Maybe the top 10 coins could be fine, there are few stablecoins in there, and I would say doge and xrp are not really proper, so after removing all those, we have like 5-6 coins at most and investing in those few altcoins, stuff like for example ETH or BNB or SOL, these three could be fine if they are newbies or not and that should be making people a lot of money but that doesn't mean that we are going to make a lot of profit easily.

So all in all we need to remember that newbies do not know which coins are good, so if they invest into some coin or token that is out of top 100, some memecoin out there with basically no profit, then we will see a terrible result from them. Right now I see too many newbies invest into meme tokens that are not even in the top 1000 and they are hoping for a bigger return when we all know that will not be the case at all.

Odusko

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Quote from: Dr.Bitcoin_Strange on November 14, 2024, 05:38:17 AM

If anyone wanted to invest into Bitcoin, they should have done that months ago and not wait until after the price starts pumping before they can buy. Months ago, Bitcoin was just $30k and from there is got to $40k and many people who bought at that time are already in huge profit now. Anyone buy now might still make some profit if the price goes to $120k but we don't know when the price will be reached.

Big risk investing in bitcoin when the price is already at all time high, and many who take such line of investment always have themselves to blame at the end of the day when the price of bitcoin decline a bit, unless they will have to wait for a long time, before seeing such price that will be above the all time price, although the good thing about bitcoin is that, with bitcoin you don't lose your investment and money, but you just have to wait until the price will recover back to the desired price and above the bought price in other to gain some profits on investment.

You said the it all, that anyone buying bitcoin at high price will have the chance of making profits if the price movements trend's continue, may be let say until 100k price, but another thing is that, can we achieve that much price considering the current available liquidity for the market?

I_Anime

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The only thing I will say is that I won't advice anyone to go into bitcoin with lump-summing at time like this so that won't endup buying at top price. But it doesn't matter though aslong you're a long-term holder you can still start with lump-summing and you can continue with DCAing despite any dip .

I have heard of story how folks bought bitcoin at the top price back then, but still didn't stop buying rather they kept on puching on with DCAing purchasing so that they won't endup selling in loss . And most time it usually end well for them because it's Bitcoin and most time it kept on defeating it's ATH and creating new one .

Shishir99

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Quote from: Iranus on November 15, 2024, 08:32:03 AM

As you may know, many investors are waiting for the historic milestone when bitcoin hits $100,000 to take profits, so I just want newbies to be sober and do not FOMO. Only invest when they have done their own research, analysis on bitcoin and are ready to invest. Don't invest and buy bitcoin on other people's advice because our buying positions are not the same.

But unfortunately, the word newbie already defines that they are fresh on the market. I don't think they know which factors to consider when they will do their research. So, I won't suggest any newbies to invest in altcoins at this moment. They can still invest in Bitcoin if they have plan to hold it for a long time. But it only applies if someone is going to do DCA. Otherwise, this is not a good time to invest at all. People will invest while the market is good, and after a couple of weeks, they will start panic and sell their Bitcoin at loss.

Marvell1

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Quote from: SamReomo on November 14, 2024, 12:46:50 PM

However, if we see a correction then there's chance that Bitcoin might fall back to $75k or below it.

I don't think we're going to have any significant correction before the end of the year because the market is very excited, and believes that we have a pro-bitcoin president and a lot of good things are coming our way. As you said, the market is in a very high state of FOMO so a significant correction to $75k is unlikely.
The worst-case scenario for a significant adjustment is if a black swan occurs, but such unforeseen events are rare during presidential transitions. So I'm pretty optimistic and believe that we won't have any significant correction.

Bitcoin is starting to correct after hitting an all-time high of $93k and many have drawn a lot of charts showing Bitcoin dropping to $84k, but I doubt we will even get there let alone $75k.

Awaklara

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Quote from: asarfiar on November 13, 2024, 07:30:20 AM

A month ago, we were criticized by various people about Bitcoin investment and they also held the view that Bitcoin is unstable and therefore it is not possible to expect a good profit in investment. I think investing in Bitcoin as soon as possible, which gives you the motivation to stay by your side in the future.

people who give criticism must be people who do not know Bitcoin, maybe he is a Gold investor who has a more stable market movement. maybe he does not see how the Bitcoin growth chart is from each year. if he saw it maybe he would not talk about Bitcoin which does not produce good profits. for people who are just starting, to be honest, there will definitely be doubts, especially seeing the price growth. there will be doubts about entering the current situation. but for those who started investing a few years ago, of course, they have already gotten results and confidence in Bitcoin.

Iranus

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Quote from: Shishir99 on November 14, 2024, 08:12:48 AM

Quote from: Iranus on November 14, 2024, 07:41:06 AM

We have entered a bull wave and bitcoin price is not really low anymore. Most people are waiting to take profits so I would not give investment advice to anyone at this time. Those who wish to invest should do their own research and take responsibility for their decisions.

I agree with you. But as you can see, people started to asking if this is the right time to buy Bitcoin. They are getting interested because they see the price is going up. Some people think if we buy now, the price will go up further and then we will sell and take profit. That is how newbies think about Bitcoin Investment.

The bull run already started and holders are going to cash out their profit from now on. The price is too much to invest right now. But if someone can hold for a long time, and do not panic during the bad time, they can invest Whenever they want.

I am not saying it is too late to invest or bitcoin price is too high to buy because, as you said, many newbies are entering the market and don't have the opportunity to buy cheaper. What I observed is that most of the old investors have stopped accumulating and are just waiting to take profits. As you may know, many investors are waiting for the historic milestone when bitcoin hits $100,000 to take profits, so I just want newbies to be sober and do not FOMO. Only invest when they have done their own research, analysis on bitcoin and are ready to invest. Don't invest and buy bitcoin on other people's advice because our buying positions are not the same.

SamReomo

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The market is in FOMO and that's why Bitcoin is going up. Everyone should be thankful to Donald Trump for becoming US president and he's also a crypto and in particular Bitcoin supporter now. There's chance that in the FOMO Bitcoin might cross $100k value within few days and in 2024. However, if we see a correction then there's chance that Bitcoin might fall back to $75k or below it.

el kaka22

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The more people are waiting, the more they are going to miss a chance, after all the price is rising every single day. Some say they are too late now that it's over 90k and we are not too late at all, there is at least another 50% to be made just from bitcoin, there are also other alts that you could invest into as well. Bitcoin will not stop here, it will keep growing, and you are not too late to invest into it, we need to see that reality.

Investing into bitcoin is rarely ever too late, not when we just started to go up like within last week or two, that's literally just the start. Meaning that reaching 200k wouldn't really be impossible for us, I am not saying we will reach it, I am saying it's possible and even if we do not reach that price, it's quite possible that we are going to be at least 150k+. So all in all, we know that we will be higher in the future, so investing now guarantees you profit and if you wait then you are missing that out.

Dip69

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I think most people are thinking that once this pump market is over, they will invest in Bitcoin again. I once felt like that. But I understood from reading that there is no specific time to invest in Bitcoin. Why don't I start this investment anyway? Investing in accordance with DCA will make you profitable.

l99l

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Quote from: BABY SHOES on November 13, 2024, 05:25:19 PM

Quote from: Plaguedeath on November 13, 2024, 10:12:13 AM

Now it has exceed $90K.

I thought it's not possible Bitcoin will reach $100K in this month, but I guess I'm wrong. There are still 17 days to go, more than enough since Bitcoin price surge from $70K to $90K just need a week!

However, it's been a long time I haven't heard someone said Bitcoin is a bubble or Bitcoin will die. Cheesy

It never crossed my mind that bitcoin could reach $90K earlier... It's not impossible $100K in the near future, I see the movement will continue to $100K.

I think now no one will say bitcoin is a bubble or dead, the public will see bitcoin continue to rise and they are FOMO after the decline then the negative news comes so much maybe this could be international news.

$100,000 is a very psychological resistance for Bitcoin. If we reach this price, I would not have thought we would see $90,000 so quickly.
I think we may face a huge FOMO. Even now, FOMO is being released like crazy, I have read a lot of things like, you are still not too late.
Maybe it is not too late or you will face a correction when you buy, who knows.

Huliya

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We all know that there is no fixed time to buy Bitcoin. No matter how big Bitcoin is in the bull run market? DCA method will never let you lose your money. But if we look at the market of 2/3 months ago, we feel a little sad. But remember this is not the last year of Bitcoin. There will be better things in the future.

In my opinion if you can't decide to time the pump market, you are doing it wrong. It is impossible to predict when the price of Bitcoin will rise. Bitcoin may never drop below $80k again. So can you stop investing? You have this moment to start investing by following the DCA method. Long term and DCA investment following these 2 conditions will never lead to loss.

Let's start holding Bitcoin together today.

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Quote from: Dr.Bitcoin_Strange on November 14, 2024, 05:38:17 AM

If anyone wanted to invest into Bitcoin, they should have done that months ago and not wait until after the price starts pumping before they can buy. Months ago, Bitcoin was just $30k and from there is got to $40k and many people who bought at that time are already in huge profit now. Anyone buy now might still make some profit if the price goes to $120k but we don't know when the price will be reached.

There are still a lot of people who don't know about bitcoin, they didn't have the opportunity to buy bitcoin when its price was only at $30k or $40k a few months ago. Should they buy now or continue to wait to buy at a higher price? In my opinion, there is no perfect time to buy bitcoin because not everyone is lucky enough to know about bitcoin as early as we are. So it can be said that the best time is when we understand it and are ready to invest in it.
It is never too late to invest and we should not hesitate because we do not know whether bitcoin will fall or continue to rise, use the DCA strategy instead.

Ricardo11

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Quote from: Mayor of ogba on November 14, 2024, 01:58:33 AM

Quote from: Shishir99 on November 13, 2024, 08:09:22 AM

I don't want to say it is too late to invest. But it is certainly not a good time to invest.

It is not too late to start up a bitcoin investment now because bitcoin investment is a long-term investment before you can get a reasonable profit, and it will take you a lot of years before you can accumulate a reasonable amount of bitcoin unless you have a good discretionary income, which will allow you to lump sum to facilitate your accumulation journey. I want you to understand that there is no better time to start accumulating bitcoin than when you have discretionary income and you use it right away to accumulate bitcoin with the DCA strategy without waiting for it to dip, which will allow you to be consistently accumulating bitcoin than someone waiting for it to drop.

There is no need to wait for any specific period to start investing in Bitcoin, as it is a long-term asset. An investor can start investing in Bitcoin at any time, but he must have a long-term investment plan. And of course DCA should be adopted, because by regularly depositing small amounts of Bitcoins following the DCA strategy, you will be able to maintain an average price across market fluctuations which becomes more profitable in long-term holdings.

Bitcoin is a volatile currency, it goes up and down at any time, but if you invest following DCA, you can feel that you are adopting a stable strategy through the volatility of Bitcoin, which will give you an average value. And thus you can grow your Bitcoin investment portfolio even more. As a result, more than expected returns are available in the future.

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Quote from: YOSHIE on November 14, 2024, 08:08:28 AM

Quote from: asarfiar on November 13, 2024, 07:30:20 AM

~~~

For today 14/Nov/24, Bitcoin broke to the level of $91,216.45. A new ATH was created again, in terms of market speculation Bitcoin shows positive steps, meaning investing is the right thing for Bitcoin, but for me investing is now too late even though there is a lot of speculation that Bitcoin could touch the $100k level, for me at this time the delay that we feel, should be several months past.

But if we believe Bitcoin won't go down again, yes maybe we don't need to delay investing, but there's nothing that guarantees that, I might postpone investing and wait the next few months for market developments.

No, don't say it's too late but it might not be the best time. Investing in bitcoin can basically be done at any price as long as it is used as a long-term investment asset. But to get big returns, then of course one needs to invest a lot of money and wait longer than if they entered at the beginning of the year.

The potential for higher price increases is still very possible in a bull market like now, but none of us can ever know for sure how far prices can reach. If the bull cycle is exactly the same as before, then maybe bitcoin price will cross $150k as a peak, but really we can't convince anyone of that. Investing now is better for the long term than not investing at all.

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Quote from: Shishir99 on November 14, 2024, 08:12:48 AM

Quote from: Iranus on November 14, 2024, 07:41:06 AM

We have entered a bull wave and bitcoin price is not really low anymore. Most people are waiting to take profits so I would not give investment advice to anyone at this time. Those who wish to invest should do their own research and take responsibility for their decisions.

I agree with you. But as you can see, people started to asking if this is the right time to buy Bitcoin. They are getting interested because they see the price is going up. Some people think if we buy now, the price will go up further and then we will sell and take profit. That is how newbies think about Bitcoin Investment.

The bull run already started and holders are going to cash out their profit from now on. The price is too much to invest right now. But if someone can hold for a long time, and do not panic during the bad time, they can invest Whenever they want.

I agree with you, because every new investor's thinking is that the price of bitcoin is increasing now, and seeing this price increase they want to invest, and if they invest, bitcoin will increase and they will take profit. Their thinking is like this. They often think that if they buy now the price will go up further and then they can sell and make a profit. But those who understand Bitcoin and are experienced with Bitcoin, know very well that this kind of activity will lead to more losses for a new investor. Expectations of short-term gains always bring disappointment. So every investor should keep long term thinking, and invest following DCA. And the price of Bitcoin is very high right now, so I think it's better not to start investing right now. But still if you have long term holding plans, you can start investing now.

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Quote from: asarfiar on November 13, 2024, 07:30:20 AM

The way Bitcoin is currently changing its market movement, we may see a big ATH by the end of this month. Bitcoin hit a high of $88,060.00 today. We can estimate that Bitcoin has the potential to exceed $100k by the end of this month. For those of you who are feeling uncertain about Bitcoin investment so far, I think we should invest now as soon as possible. The way Bitcoin is progressing, I hope Bitcoin is fulfilling its sky-high dreams.

A month ago, we were criticized by various people about Bitcoin investment and they also held the view that Bitcoin is unstable and therefore it is not possible to expect a good profit in investment. I think investing in Bitcoin as soon as possible, which gives you the motivation to stay by your side in the future.

The bull run has started, many people who thought Bitcoin was trustworthy and invested in the dumping market may have planned to sell. Again, many people may have planned to sell at $100k and many people plan to hold for a long time. Now investing in Bitcoin may be risky for many people, because if the market dumps a little, they may panic and sell at a loss. Now many people predict that Bitcoin may be $150k in 2025, maybe after seeing such predictions, many people are planning to invest. Yes, I also think it may be $150k, but no one can say exactly how much it will be. Now if you want to invest in Bitcoin, first think about whether you can hold it for a long time, invest with a plan to hold it for a long time. If you are lucky, you can make a good profit in 2025.

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Quote from: Dr.Bitcoin_Strange on November 14, 2024, 05:38:17 AM

If anyone wanted to invest into Bitcoin, they should have done that months ago and not wait until after the price starts pumping before they can buy. Months ago, Bitcoin was just $30k and from there is got to $40k and many people who bought at that time are already in huge profit now. Anyone buy now might still make some profit if the price goes to $120k but we don't know when the price will be reached.

In terms of timing, it is still not too late for anyone to invest in Bitcoin because right now is still a very good time to buy Bitcoin even though the price itself is already at the $90K level. I also have an assumption that Bitcoin could approach the $100K price level by the end of this year if the price correction is not too much plus the current market is getting more crowded with buyers.

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Quote from: atookz on November 13, 2024, 10:19:59 AM

Quote from: zuzie on November 13, 2024, 09:45:04 AM

Sometimes someone is still hesitant about how to invest in the short term or long term and in my opinion there is a factor that underlies their hesitation in investing, one of which is that there is no trust and determination in themselves even though both attitudes are very influential for someone in encouraging to invest and of course they must also be ready to bear the risks that exist.
Like investing in bitcoin, if someone is really sure that the price of bitcoin in the future will be higher, the word too late will not apply to the investor, but we all will never know bitcoin in the future, maybe besides bitcoin there will be new coins that will experience very fantastic price changes too.
So invest while you can and be sure that the coin you choose will bring good luck to your life in the future.

Most people who are going to invest, they always think and consider something. Especially when the price is rising, they will definitely be more hesitant because they are afraid that if the price drops they will suffer a loss. In fact, in bitcoin, the price increase will always be there, in the future I am sure the price of bitcoin will continue to rise, so don't waste your time just thinking. I experienced it, I always hesitated to buy when the price of bitcoin was rising, and until now I only regret not buying it earlier.

Yes, if doubts still exist in your mind, it is better not to invest first because in my opinion, investing requires us to accept all the consequences that will occur in some time, whether it is a loss or a profit, that is the real result of investing.
In my opinion, people who want to invest must have a good understanding of how to invest properly and not miss the target by following the development of various types of coins whose selling value is always changing. that's for sure.
And it's true, one of them is bitcoin, which from the past until now is still in great demand by investors in investing in bitcoin in the future.

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