Topic: Good time to invest in BTC? - page 9. (Read 1799 times)

I have invested in Bitcoins. Now I am in a lot of profit. I have not decided to sell Bitcoins yet. I have them for a long time.  I hope to get multiple times of the money I invested in Bitcoin. My luck may be unleashed. I hope the price of Bitcoin will rise more soon. But I can't invest anymore because I have invested enough in Bitcoin. I now have Bitcoin.  Apart from this, there are other coins that I have invested in.  If the price of Bitcoin starts dumping again very quickly, then I will invest something.

It may be possible or not because no one perfectly predict the price of Bitcoin. Bitcoin always has volatile movement, no doubt Bitcoin respect his previous chart movement but not everything, some time it goes totally against it. So my suggestion will be don't go behind the investor advice because you will be responsible of any kind of lose, they will not.
But if you are real invester and you know significant of BTC then you will not think about that where Btc will drop his price so I can take entry or something else, Rather you should start accumulating BTC through Dollar Cost Average ( DCA)

Don't trust anyone's predictions as there are no experts in this market, bitcoin is unpredictable. It could drop to $16k and also go up to $40k, no one knows.
If you are looking for short term profits, then you need trading knowledge to analyze and judge the best time to buy. But if you want to invest long-term and only sell when the next bull run comes, buy bitcoin now or whenever you have the money.
In the long run, bitcoin will always increase and always bring you profit, you just need to buy, hold, and only sell when the bull season comes, you don't need to worry much.

No it will reach that $12K-$16K again... or it will not reach again. Ohh yes it will reach that price again... or it will not reach again. Yes it will reach that price again. Nahh it will not reach that again.

My point is that, nobody can give you an accurate answer to what you are asking. I can say that it might reach that price, and can go lower than that price, but I can be wrong. At the same time, I can also say that it will not, and it will go to even higher price in the future, but I can be wrong as well. You made your decision base on what the others are saying, and not yours. At least make a decision base on what you think next time. Now you might've missed an opportunity to buy Bitcoin below $20,000. It will never reach that price again.

As what others are advised here, just focus on doing Dollar Cost Averaging instead of waiting for the price of it to reach at a certain price. You will miss many opportunities if you will approach that way.

Anybody thinking the price of Bitcoin can't go lower than $20k hasn't been in  the market long enough. When investing or looking for when to invest, you should put it in your mind that the price of Bitcoin can always decrease in value which is why you don't buy all the amount you want to buy one time, you should buy and reserve money to buy again when the dip happens.

If you're not looking to hold for very long term like years then don't buy all your Bitcoin one time. The price Bitcoin is trading at the moment is a good buying opportunity zone because before next month ends we should be trading above $30k again and building strong support above $35k.

Of course when it comes to HOLD it is definitely bitcoin that will be chosen, so what worries you when long-term investment positions are an option? Everyone should not be intimidated by corrective conditions in the market because we already understand the power of bitcoin in maintaining its value in the long term and when someone installs a HOLD pattern in the long term it means they really understand bitcoin.

Every time it happens in bitcoin and there is nothing that can separate the volatility in the journey of bitcoin, the greater the volatility the greater the risk and because of this volatility also bitcoin is gaining momentum as an instrument against price increases that cannot be predicted exactly so this condition is something which naturally happens with a volatility asset like bitcoin.

Regarding the short duration for profits, it is not recommended to use DCA, this pattern is intended and more suitable for long-term holders who don't have large capital to buy, so you have to separate certain conditions on different issues.

Whether someone panics or not depends on how knowledgeable they are about bitcoin, but if new people want to avoid excessive panic in investing in bitcoin then the long term is one of the right decisions because there is no need to monitor market conditions all the time, both during severe corrections and other conditions that bring bitcoins at a lower price.

The point is that knowledge will lead someone to avoid panic, so they can control the risk of loss when making an investment, there are many nearby sources that will lead us to hold trust in bitcoin for the long term.

Everything can happen in crypto market we cannot say that when the price go up it will never come back to lower price because it can happen. As we know that price of Bitcoin will attain huge level and in next year price will be more than current price as a result of halving.

so when someone want to put money in bitcoin then this is the best time to initiate because when halving happens everyone will wants to sell their Bitcoin so as a result of this Bitcoin price will fall down and we don't know that when it will increase back therefore to attain success put money this time in bitcoin for holding it.

It is something to worry if you are a futures trader, I think it is really depends on what type of trader you are. If you are the kind of person who will do HODL, meaning you can hold your bitcoin for a lot of years then a simple correction cannot intimidated you. This kind of mental skill is also hard to get because you need to be comofortable in dips and to crashes. As for the moemntum traders who are doing long positions then they should be worry once the retracement happens because the volatility can make their positions to be liquidated. I do not advise DCA if you want to quick profit in short period of time, what I advise is to buy during the market is trending or in short if the market keeps breaking out to its resistance level.

I'm looking for the Bitcoin to drop at $24,000 or if the price did not hold we may see it at around $21,000 again. But do not panic guys because we are still in bullish and we may see the price bounce back after few weeks, Manage your risk very well and do not hesitate whenver you are putting your orders.

If you want to maximize purchases now is the right time, from what I have seen the bitcoin cycle is actually marked with several corrections before reaching the halving stage. Currently, the price has corrected back from $30k to $27k in just a few days, if someone does not have knowledge of the market, then this condition will make them panic and decide the loss the wrong way.

Therefore the long term is an option for people who don't really understand market conditions, because we don't need to control market conditions and reactions at all times and a count of four years is also getting closer to achieving ATH, although we can't say for sure in what month it will occur.

For newbies, the Bearish that just happened after Bitcoin broke $30k was pressure due to fear of getting in. Their concern is well-founded, they are afraid the price will go down which can reduce the value of their investment. Pump-and-dump events are no longer too much of a surprise to Traders who have been in the crypto space for years. The recent dip could be profit-taking for longtime crypto traders, Bitcoin that has recently plunged to $27k or is "maybe" about to plunge to $25k there will be some decent buying opportunities.
An example of the last major retest that occurred at $19k before Bitcoin's rally to $30k+, a retest of $25k in the current market is a logical and sound move.

So far though, we seen a big correction already, from $31k->$27k. And we have broken the $28,500 support.

To think of it, it's might be a indication that the obvious growth has slowed down already and it might take another big news to push the price again. And with that, this could be another great opportunity to enter at the current price. I know it might be expensive, but we don't know if we can still see this price again, or it might go down even further. Might be better if we take the risk to buy today and then wait for the next move. If it goes down, then buy more, if it  goes up, at least you have taken the opportunity. So still a win-win for us investors.

The future of Bitcoin is certainly uncertain for newbies but for us who have been in the crypto space for many years, we already have an idea of what will happen after pump-and-dump events. For us, corrections is was normal after the rise but for newcomers, worries really come to them, and then start thinking negatively  - "what if and what if".

Generally, we have always been taught by our experience and one way to survive here is to learn the past and remain optimistic about the future.

According to what you say, you are investing based on the opinions and advice of others. If you need some advice from me, I don't recommend investing in bitcoin even though it's a very good price to buy and hold. Because you haven't done any research and only invest according to other people's opinions, it will be very dangerous for you in the long run. To invest in bitcoin, you first need to have knowledge because even if you buy it cheaply without knowledge, there is no guarantee that you will hold them without panicking before the market's volatility. Knowledge is essential if you want to be profitable.

The potential for Bitcoin price to rise is currently high as 2024 is going to be the year of Bitcoin Halving. Because of this, Bitcoin prices will rise from 2023 onwards and the current downturn is a good investment. This is the perfect time to invest so invest in bitcoin fast and I myself have some assets in bitcoin and that is long term. I'm looking forward to Halbing in 2024 standing by the bull run and I'll watch my portfolio grow.

Yeah true, I have been involved for 10 years as well and I can say that it is going to go up in the near future, not saying that it will be in a month or two, but in 2 years we will see a great increase that breaks over ATH for sure, that is something I believe in.

However, even if that is not true, waiting for it to go down will cause you to miss your chance to buy early and make a profit without a doubt, that should be considered as the reason why we all buy right now, people who buy at the current market and brought the price from 16k at the bottom to 31k today are the people who think that it will start to go up, and if you do not join them soon enough, they will continue to buy even more and then it will be even worse.

Don't worry about the drop because the drop always happen after the bull season the important thing is we can still hold even in dip and we cannot sell at loss, even if we will buy btc at 30k$ and it drops down to10k$ we cannot loss if we hold it and wait until it will rise to 60k$ again. So don't be afraid just invest an amount that you can afford to loss.

I think that before the halving, which will be a year from now, many people have a good opportunity to buy bitcoin. The main thing is patience and lack of greed. You can buy bitcoins monthly in parts to sell them later at a big profit, for example in a year and a half. During that time, the price can both rise and fall. The main thing is that your sale should be as high as possible.

I have also seen many people make predictions like you, bitcoin will probably correct below $25k or maybe go even lower. But in the end, you and others are just making personal predictions, and there is no guarantee that will happen. In my opinion, if it is a long-term investment, it is not necessary to predict the price in the short-term to find a good time to buy. Instead, set your sell target, and as long as bitcoin stays below your sell price, there's no reason not to buy bitcoin right away.

Of course the bitcoin price will drop a bit in the process of future corrections and that's nothing to worry about because that's how the market reacts. So timeliness in buying is also very important, with estimates as the cycle runs. Today bitcoin has undergone a small correction and that's why I say no need to wait for the right time to buy and as long as you have the ability, then decide to buy with the amount you can afford.

Although the price could correct up to $25k in the near term and we're also not sure whether the price this month will hold or if it will drop below $25k. DCA is the fastest way for some people who don't have much money, this method is more practical and easier for some people to use.

The price has already started correcting itself, and the correction might go a little deep, maybe not as deep as touching its lower point from the last crash, but I believe it can go below $25k pretty easily if there is a lot of panic selling or market manipulation by the bears. So the best thing for someone willing to invest is to simply DCA from this point further.

DCA provides one with the opportunity to buy and store Bitcoin from every single price point that it has dropped from the last point one has bought, so the average will be pretty good once the price starts to go up again and reaches a certain height.