Topic: How can i correct my mistake - page 5. (Read 576 times)

You are absolutely correct, I think there's no need of waiting for the price of Bitcoin to go down first before you investing in Bitcoin. Because as an investor once you start waiting for the price to dip you might use the money for something that you would end up regret at last. so however, I think the best way is to start investing the money that you have regardless of the market price, maybe from time to time you will be able to increase your investment plan rather than waiting for the dip.

You will be able to tell if you have amassed enough knowledge because you will be very confident in your investment. But I would recommend reading the pinned topics ()of the beginners & help board to get started.

Feel free to buy less Bitcoin for the same amount of fiat later.

You can learn more about Bitcoin on this forum.



Welcome to Bitcointalk.

nobody knows, because we've never been to the future.

start to collect it from now.

As a newbie that want to invest in Bitcoin the first thing is to know  the methods in which you can aquire Bitcoin and correlate it to the actual fund you want to invest and the best method that will enable you to invest with the actual amount of money you wish to invest in bitcoin. For instance you should know if the money will be able to buy Bitcoin in lump sum or DCA.
The way Bitcoin is going now I think the best thing to do when you have a limited fund is to invest by DCA because you cannot actually get the exact prediction of when Bitcoin price will drop to the bearest minimum that you are targeting before you will invest.
You are not late, you can still correct your mistake now by starting to invest by DCA with that fund in your hand because Bitcoin is embedded with unlimited potential that can give you great profit in the future if you plan to hold it as a long-term investment

If you truly want the price of Bitcoin to be reduced before investing, that means you are not ready to invest in Bitcoin at the moment. You have to wait much longer, towards the bearish market before you think of investing in Bitcoin.

The reason for waiting for Bitcoin to be reduced in price before investing, and Bitcoin is too expensive to invest in, is mainly the reason so many individuals miss their opportunities to invest in Bitcoin. I want to be aware of that, to know which road to follow. Because it's like many newbies have that mentality that Bitcoin is far from their reach, not knowing that one who has a long term investment plan on Bitcoin stands a chance to have a return of investment(profits) in the future

I think you already know the answer to that question. The only way to avoid missing out again is to start investing as soon as possible. Whats stopping you from buying a small amount of bitcoin right now?

you can't do impossible things like going back in time or seeing bitcoin prices drop to start your bitcoin purchase, the wisest thing you can do right now is to buy bitcoin using the DCA method, you can look into this topic -> Buy the DIP, and HODL!, you will definitely get enlightenment in it, good luck.

DCA (Dollar Cost Average)
It's simple and not complicated  all you just have to do is pick an amount you can afford to invest in a specific interval( depends on you), you must be willing to  do it consistently  and hold for a very long period (this is very important) . The purpose is just to spread your entries and could worth it than just waiting to buy when the price falls . No one can assure you the price will fall but if it does you have  opportunity to buy low as well and if it doesn't,   you already have an additional advantage and you'v yourself for the up  .
Once again, if you are after the short term profit you might end up selling in loss if the price  eventually  falls before  rising back( you need to prepare for that ...)

You have go start though, and you are in the best place, you just have to go to this community and search what questions you have. It has tons of information that might surprised you.

You could also watch videos of Andreas Antonopoulos (https://www.youtube.com/playlist?list=PLPQwGV1aLnTuN6kdNWlElfr2tzigB9Nnj)


Well if you want to enter when the price is down, then wait for the bear market. If we look at bitcoin's past, we can speculate that it might appear next year 2026. But that is still a year from now.


You can't bring back time, and many of us here might be thinking that we are also late. However, it's better to jump in right now even if we are in the bull market. At least you will gain a lot of experience, learn how to invest or what strategy you want to used, i.e. DCA method.

You're the only one that can answer that question.
If you feel that you have the basic information needed already then you can start investing. Just take note that the chances of you losing your money is higher since you're a newbie. You'll learn more from the experience that you will get.

You can't just ask that because also don't know when the price of Bitcoin will go down. I should say learn more first then build your own strategy. Save up some money so that when the bear market comes (search what bear market is), you will have money to use to buy Bitcoin at a much lower price. We all want the price of Bitcoin to go down as well, but as of now, most want it to go up so they can maximize their profit.

There's no early or late in investing. Both have pros and cons. As for the mistakes, it's pretty normal since you're new. Opportunities come way faster than that of other asset classes, so if you missed one, don't dwell about it and focus on getting others in the future. I'm sure there will be new opportunities coming. Just be patient for it and speaking of patience, that's the one thing that you must have if you want to invest into crypto.

Basically, investing in Bitcoin does not require much knowledge, but here it requires experience to make the right investment.
Because here only knowledge will not allow you to psychologically balance with the real market. But if you can balance your psychological state with the market with knowledge about Bitcoin's previous history and some technical issues, then I would say you can be successful this is really exceptional.


Now if I talk about the general mistakes what newbies do here, "most of them invest when bitcoin price was in high I mean in this time when market greed level is on high, And this is the common mistake you can do" But the investment time is on bear season which also follow a cycle like bull season, you can find the gap on the chart analysis.

Btw, suggestion to you if you want to make investment for long-term then you can took also DCA scheme on your plan which is best for risk management

Personally not a fan of trading but if you interested you have to understand technical analysis
Understand how basic fundamentals affect the market (fundamental analysis)  and most important self control.

But investing? Just keep accumulating based on your capacity.

If you really want to invest in bitcoin, you don’t have to wait till the price of bitcoin reduces before you invest; just learn the connect and know the risk and other things that are necessary, and you are good to go because nobody knows when the price will reduce; it can be anytime, and it can rise past your expectation at times, so to me, don’t mind the current price. If you have the money, just invest in bitcoin. If you failed to invest at a time in which you had to invest, you may use the money to do another thing because you can’t keep money, so you would rather buy and rest.

For investing you don't necessarily need to know the technical details.

The thing is, if you have cash to spare from your regular income, you can invest. Bitcoin is a high risk investment still and what you should learn is the proper rules of investment and safety for personal finance.

If you can't afford the risk of the value of your investment being reduced for even perhaps an expected period of time then maybe you should invest little to nothing on Bitcoin. Many people don't consider the risk but it's actually one of the most important factors.

It really depends on what you mean by knowledge, but for someone who wants to invest only, I would advise that you know what you are investing in. You have to know what Bitcoin truly is(Not talking about the technical part though). You have to understand that, the price goes up and down, but a long term plan will definitely benefit you. You also have to know how to make a purchase (i.e how to buy from an exchange), and you also have to identify and choose the best method to keep your investment. You wouldn't want your investment to go missing along the line due to wrong choice of storing your investment.


From what I know, there is no general alarm or memo that is been passed around that the price of Bitcoin will dump today, or will pump tomorrow, though there can be some speculations based on activity that we all think might affect the price. But, you can not always depend on speculations though. So, let me just make it simple, no one knows specifically when the price of Bitcoin will fall.


For Bitcoin, get something doing that can give you enough income to set out your Bitcoin investment funds. It's only never too late if you hit the ground running and accumulate some good fractions before your retirement or whatever time that pleases you, but remember that long term plans benefits more.

And as for the forum, it's never too late as well to maybe learn or acquire the basic knowledge that you seek in starting your accumulation. You can ask further questions in the beginners board if you find anything confusing, or also read through this thread as a similar question has been asked before  Is buying Bitcoin too late?.

Basic knowledge is okay; how to buy, how to store it, and what exactly Bitcoin is, then you are good to go. You can learn all this in just a day and remove fast profit-making from your mind.


You might never have the opportunity to buy if you are waiting because the price may never get too low as to where you want it to get. No doubt, there is no bad thing about buying bitcoin cheap, but you might lose a good opportunity by waiting for a time that will take years to come.

You are not late; no time is too late. You missed out on the chance when you could have purchased Bitcoin at a low price; now you have the time to correct your wrong before you will also consider today to be another late time. Buy with what you can afford and forget about the wasted days.

If doing both will not cause me harm then i will like to do both, only one to be picked then since i do not have knowledge about trading, investing will be better. Where can i also learn trading?

You mean 2026 is when the price of Bitcoin will fall, that is a long time to wait. How can i start the DCA? I already misused my chances, waiting isn't much of the problem but what if i miss out again.

For now, it's not a good idea to invest in BTC if you are planning to hold it for long period of time because this is the last bullish year.
For me, if you want to invest at a cheap price, then next year or 2027 is, I think, a good time to invest in Bitcoin.
Just don't do a DCA this year; that's not a good idea if the price keeps declining, you might lose a large amount because you are going to wait for the next halving cycle to recover those losses.

You can wait till 2026 to know if the bear period will come or not. We do not know much about how bitcoin strategic reserve may not make the market to go much more down but that will still be the best time to wait for.

Or you can start to DCA little by little and invest more in 2026 if the price fall.

Depends on the timeframe
Do you want to trade or invest in Bitcoin?
When we experienced a dip yesterday I guess you didn't buy but was waiting for more
You can only employ this if you have some holdings not when you a nocoiner.
Invest what you can afford to loss and won't cost you much when it goes bearish.