Topic: How can i correct my mistake - page 4. (Read 576 times)

The best time to buy bitcoin was 10 years ago. The second best is now.

That doesn’t mean you should buy bitcoin with all of your money right away. That’s usually not a good practice.

Learn what DCA (dollar cost averaging) means.

It is an investment strategy that is also safe and most importantly, effective. People who follow that strategy never be sorry as far as I see.

how did you intend to correct your mistake when you're still waiting for a dip before you can finally invest in bitcoin, I think this was the same reason why you didn't utilize the opportunity that was given to you when the price was still very much affordable.

 Is obvious that  you still want to repeat the same mistake, you know  as Long as the money is there why not invest using the DCA method since the price is very much expensive for you. You can actually buy with a certain amount every week with this you can be able to accumulate enough bitcoin in your portfolio rather than waiting for dip before investing, Though the choice is all yours but don't you think you're about to make that same mistake by waiting for the price to reduce before investing?

You can correct your self by educating about how bitcoin investment really works. Since if you keep waiting for dip and don't have any good idea about what you are trying to do then provably that you will still fail.

Because Bitcoin investment is not only about buying at the dip and sell high. Newbie usually think that its just as easy as that since when reality hit them up and they are already buying those what they expect didn't come since Bitcoin movement is unpredictable and for sure they can't handle well their emotion especially if they meet a continuous decline when they decide to buy their Bitcoins.

Better not to invest when you are not ready but rather for now dig more deeper information about Bitcoin.

Well, you just have to understand that come to terms with the fact that some mistakes can be corrected, and some other mistakes can not be corrected.
The mistake that can not be corrected is one the maker gets to learn to live with for the rest of his or her life..

Bitcoin is a currency which it's price movement can not be accurately predicted 99 percent of the time, so the chances of being accurate in predicting when the price of bitcoin will drop is absolutely very slim, accept your mistake of not starting your bitcoin right when you were introduced to it and start now, it's may seem rather late but you really don't have any choice, and waiting now can turn out to be more mistake in the future since there is a chance that it's price may likely never be cheaper than it currently is right now.

And as for joining this forum, you are not late, one can never be late joining a discussion forum, discussion go on every time and day, so by you joining now, I believe it's not late at all..

I will take my whole day to read many things inside the forum, lot can be learnt that will help me.

I was told same thing. So many advise i don't even know who i should respond, some said i shouldn't invest now while some reject and said i can DCA, not confused because it's left for me to decide on what to do.

Thank You.

OP, just read the resources already provided to you, keep learning about BTC, and then - start little by little.
You will become a good hodler in no time.

No one will know when Bitcoin price will go down or up so we need to be ready for that. You can invest in Bitcoin at any price you want but before that, you need to learn many things about Bitcoin investment. You can learn about DCA method because that method help many people to start invest in Bitcoin..

Many people thinks that they are late to invest in Bitcoin but if they can learn more about that, they will see that they still have the opportunity to start. With some research, they will know when they are ready to invest in Bitcoin. Even if the Bitcoin price now is at $100k, that doesn't mean you are late to take part in the Bitcoin investment. The other things that needs your concern is how much money you willing to allocate so that will not disturb your needs.

As much as possible. The truth is that just like any other knowledge, Bitcoin knowledge has no end point and you can not graduate from learning it. Normally, knowledge is a continuous process and at every stage, you keep learning new ideas.


To be frank with you, trading is not for people like you. You said you don't have knowledge about Bitcoin and you want to jump into trading? How do you intend to succeed? You must definitely have knowledge at least, the basic before you think of trading because you will need it to survive in your trading journey.

Everything depends on how you are playing your cards well and for you to be able to play your cards well you need to have enough knowledge because without knowledge a lot of mistakes will keep happening and this issue of buying when ever is convenient to buy is very okay because a lot of people keep asking when they want to buy and they can do DCA and buying during the dip is actually not a bad idea, but the question is how long do you want to stay without been able to buy.

And if anyone is ready to buy and they don't have the patience to be able to hold for a long time then ot will be better for them to trade because if you are willing to buy any time you want then you will have to wait because when you buy anytime you will not be able to make good profit so it will be better for them to just do something else to save there self the energy of waiting. But if they are able to have patience and buy then they will see a lot of difference why they say patience is the key.

Knowledge about Bitcoin? Knowing how to install Electrum wallet and how to send and receive BTC should be enough. It's important to for you to know that most Bitcoin/crypto investment schemes are scams. Just buy BTC and HODL. You don't have to participate in any investment schemes that promise absurd returns, you simply won't get your BTC back. Also don't use Bitcoin futures and don't do leverage trading.
My assumption is that the Bitcoin price would drop during the summer, but there's no guarantee that such thing would happen. The summer is usually a "dead season" for crypto. I've never experienced big bull markets happening during the summer.

You don't have to be a complete expert to start investing in Bitcoin at an early stage. If anyone knows the basic knowledge of bitcoin investment, he can start investing Bitcoin even with little knowledge. But yes you need to pick the right wallet to start investing. There are many new investors of us who should not do this by investing in the centralized exchange.

No one knows when the price of Bitcoin will fall, so Bitcoin prices should not be rely on decreasing to start investment. OP we have seen in the market recently that Bitcoin prices were somewhat dumping, maybe that was a great opportunity.

To start the DCA strategy in investing, you need to first arrange a disposable income and then with that money you can purchase Bitcoin every week or every month. Enter here for more details about this method.

Dollar-Cost Averaging: A Complete Guide to DCA Crypto

that you are yet to start investing does not mean that you have made any mistake. everyone that is in the bitcoin world at the moment got in at some point in time and never at the same time. if you are able to start learning and hopefully investing at this time, count it lucky because a lot of people will still come into this space in the next five to ten years time and regardless what bitcoin price will be at the time, they will have no option than start at the point they met bitcoin.
just learn the following basics and get started.
1. how to buy bitcoin.
2. how to store bitcoin (custodial and non custodial wallets) all the information regarding best wallet to make use of are available on the forum. you can DYOR on the forum using the search option.
3. buying strategy, DCA, LUMP SUM, buying at some DIP, ETC.
4. protecting your investment.
5. ways of earning bitcoin without doing 100 buys, this will help you reach a good point faster since you can do one or two task that will fetch you some added chunk of bitcoin outside the regular ones you are buying.
6. the forum is basically available for all your needs so by staying on the forum, you get access to resources and information that will help you get started in buying and continuous buying of bitcoin.
unfortunately, it is not about what you want. that you want bitcoin price to come down so you can buy does not mean that it will happen, you have to start at the time you have joined and fortunately, the market is experiencing a bit of correction which places you at a better spot. instead of waiting for further correction that is uncertain, it is better to start buying now.
yesterday is gone and gone for good, regardless of how sorry you are that you failed to take certain decision, there is nothing you can do about what is now in the past, you only attempt to correct the past by making good decision at the present. learn the basic and get started already. that is the way to go.

You should have some basic knowledge about Bitcoin if you want to start investing in it. You should know which wallet to use. How to store your seed phrases. What not to do while you are investing in Bitcoin? You should have some market knowledge as well.

They say it is never too late to start investing in Bitcoin. If you are planning to invest for a long time, you don't have to wait. Just start doing DCA every week or every other week. That is the safest investment method so far. But if you do not want to hold it for a long time but want to trade Bitcoin for a short term. Then you should wait for a dip and buy, and then sell when the market goes up.

There is no such thing as being too late or left behind if there is a great desire to invest in BTC because the opportunity is always present anytime and anywhere you are. One thing that needs to be underlined if you are indeed focused on BTC, don't be influenced by speculation on new coins at this time, it does seem that they are increasing and many consider it as one of the main strategies to make money quickly but remember the risks attached to it are greater than what we imagine, not to mention they are subject to delisting from the exchange because there is no price growth after being listed on the exchange.

Don't regret for the opportunity you missed in the past OP, because you didn't have the knowledge of cryptocurrency and Bitcoin investment then, once you have the knowledge of how to purchase Bitcoin from the market and exercise patience for long term before you can trade, I think you can start investing in Bitcoin to embrace income. Start saving some funds in your account if you want to be part of that opportunity that will appear soon, because the bearish season is not too far from the market and any moment from this year investors will start experiencing bearish season again which is the best opportunity for new investors to purchase Bitcoin. When you are waiting for the bearish season to come before you can make use of the opportunity, I don't think the price of Bitcoin will still decrease to $40,000 in the bearish season before it will increase to enter bullish season, so don't expect that price before you can purchase Bitcoin.

there are 3 key periods of a bitcoin cycle
a. the halvening
b. the ATH
c. the correction

we are between a and b right now
you still have chance to buy in before this cycles ultimate ATH. yep i said it this cycles ATH is not locked in yet, still alot of potential to test this cycles top
the ATH is predicted to test the top between spring/summer. so still have time(if the pattern follows)

the correction (using patterns of history) could test the new cycles bottom which would be near previous cycles top. so things could come down to the $80k-$70k range again. and the correction/new bottom test (if the pattern follows) would happen in 2026

though some may advise you to wait until 2026-7 for the correction.. you would then be missing out on the opportunity right now before the ATH.

you can begin by reevaluating how you think of bitcoin first

no one knows exactly when will that be or up to how long it can go the best we can assume is through cycles where crypto market undergoes bullish then bearish cycles and during a bear season is generally when the price does not do as well
learn more about bitcoin that will be a good start since you are here already try to read more around this forum

Knowing how to buy Bitcoin, where to store (i.e best wallet), and the necessary precautions measures you need to keep your Bitcoin safe and secure, are enough knowledge you need to start investing in Bitcoin. Because initially, you don't even need to have all these knowledge to make your first investment in Bitcoin, as anybody can help you do that if you have a friend or relative who is already into Bitcoin/crypto stuffs.

Nobody knows when the price of Bitcoin will fall, but they can only speculate, which most times can be true or false. Hence, it's advisable to invest what you can afford to lose into Bitcoin now, while you maintain a dollar cost averaging method with time. Because you will be very surprised how much Bitcoin you could accumulate at the end of the year if only you can be investing just only 20% of your salary into Bitcoin for complete one year.

It's never too late to invest in Bitcoin, hence it's advisable you stop procrastination and start taking action.

If you keep missing the opportunity to invest while bitcoin price hasn’t reach its peak yet, then sorry to tell that you will be late before you realize it. Don’t wait for bitcoin price to drop drastically, but you can start with DCA and buy a small portion of bitcoin based on what you can afford to lose. You will make significant profits in time if you keep doing DCA and continue hodling as well.

Patience is a virtue. If you aren’t patient and you think getting rich quick is real that’s why you want to start with a maximum purchase, believe me, bitcoin investment will never work on you.

Just about enough of know how to buy Bitcoin. How to store it in a self custodial wallet like Electrum, how to store your seeds phrase, and how to your own readings about bitcoin

Nobody knows for now, just do Dollar Cost Average where you put in little amounts whether the price is falling or not. It is stress-free and protects you. But then read up on it before you do so as youay be comfortable with lump sum than this one

You are still early. That's what I'd say to you.