Topic: I missed the bottom or i have time to invest - page 6. (Read 834 times)

1. If you're asking for next 6 month or a year, there's no guarantee you will make profit because the bull run is expected to happen in 2025 or next 2 years.
2. Maybe, who knows?
3. DCA to minimize risk of high volatility, invest all at once will either make better profit or high losses.
4. You're analyzing Bitcoin chart, what's the relation with altcoins aka shitcoins?
5. My experience is I didn't sell any coins during the previous ATH, but I not regret with my decision.
6. Maybe, who knows?

According to some TA experts, the 200 EMA really is one of the indicators that they are using whether a particular market or coin really did change it's price movement, and in this case, it's above it already, so I expect that there is a trend reversal. Now you have lots of questions TBH, but I'll try to answer it (take note that I'm not an expert, but just an Average user here trying to share his opinions ).

Is it a good price to invest? Yes I think if you will hold it for 6 months to 1 year.
You can make a profit? I guess so. I mean we don't have any crystal ball to say it accurately because even though we've seen a trend reversal on the price movement of Bitcoin, we might see it go down anytime.

I'd still prefer Dollar-Cost Average than going at once.
What if you don't have enough money left, and all of the sudden the price of Bitcoin went down. What will you do? I already tried that days before WHO announced the pandemic last March 2020. We know what happened to Bitcoin at that time. It went from $8k to $4k in just a matter of days. I missed that opportunity bigtime.

Those coins that has a low market cap tends to give more than what Bitcoin can give in terms of profitability. I mean I don't want to recommend a particular altcoin, but in a bull run, we always see coins going x2 or x3 or even x5 or x10 depending on the situation. Overall, altcoins can give more profit, but more risky.

It might be. After all, this is also what happened after the 2018 "Year of Hell". Don't ask questions like this because we don't know the accurate answer for that. We are also waiting for it to happen, but like you we don't know when it will happen too.

Absolutely - I dont get it either.

What price would the OP like to buy at?
Is it worth the risk to hold out to try and buy at .... $19k  and instead the market
moves in the opposite direction leaving you to buy at a higher price than NOW?

Its a gamble I wouldnt be willing to make, long term its going up so just DCA and HODL

There is definitely no guaranty when it comes to investing in Bitcoin and that is just the bitter truth you have to accept now and from your post it seems you just want some sort of assurance which I'm sorry to say that you wouldn't get any, especially from the forum.
But the goodnews is that no time is actual a bad time.to buy as you just stated that this is a beginning of a bull run so you definitely can catch up but I want you to understand that in cryptocurrency, nothing is certain and no one can actually predict the price movement except on assumptions and that is why most of the technical analyst will also include a disclaimer when making their assumptions.

A little encouragement that it wouldn't be bad if you buy now as the price is still down as compared to the last 60k price of last year.

Nobody knows, the general rule is to invest the money you can afford to lose. If that is okay with you, the best time to invest is always "right now". Just take a look at the recent months, so many news and fundamental changes makes Bitcoin price so unpredictable if you only look at the chart.
Yes.
DCA is your choice if you don't want to risk it all, at the same time you can also lose some potential gains assuming this is the lowest price for the next few months. In short, both has risk and benefits, choose what you can stick with if things go wrong.
Bull markets don't happen a day after halving start, but most of the time they do happens shortly after that. By shortly, I mean months, not days or hours.

At the end of the day though, asking random strangers on the internet for trading advice is not always a good idea. Don't just simply believe what we've said.

With Bitcoin, nobody can know for sure. The price is higher by a third than what it used to be, and it might fall down again. But to me, it seems that if one looks at the price chart over the last year and at the total price chart, it looks like Bitcoin was in a pit for a while (from June till now, so it's been almost a year) and is now getting out of it. There will probably be ups and downs along the way, but it's hard to tell whether it will get back to $20k again. IMO waiting for a lower price might pay off but is also a greedy move, considering that Bitcoin is still 60% down from its ATH point at its current price. My point is, the price is still good, and maybe it will get lower, but there's a chance that it won't. Of course, everyone should make financial decisions based on personal judgements and research, though. If I wasn't sure I wanted to buy Bitcoin at a certain price rate, I wouldn't buy it.

Too many questions which you can answer yourself when you try to learn it. We are here not to guarantee that you can make a profit as expected, it is also dangerous for us to recommend that you buy or sell what your invest, so do with your own risk. for sure you will be blamed us if we give you the wrong answer. 6 months or over is your choice, but If I were you, I will be more patient until bitcoin hits and break the ATH again.

You have to confidence to create that blue line, how did it come?,

Did you just grab this chart online or on the trading view website? If you are this good at reading charts you should have already known that the bottom is near and you would have been buying Bitcoin since June of 2022.

You are wasting your time if you are trying to get the real market Bottom, those who tried always miss the bottom so instead of trying to be a smart person you should focus on using the dollar cost average, this is the only way anyone can beat the market bottom.

Moreover, your chart means nothing, it appears that the market is bottoming out but can still go lower at any time, it's a lot of stress as you can see, I no longer bother looking at charts, I focus more on any negative news and press the buy button.

Most times, Negative news affects Bitcoin and it creates a new buying opportunity, this is a better strategy compared to trying to know the target bottom.

Why are you trying to time bottoms in the first place? Thinking you can time exact bottoms is unrealistic as hell — heck, even the very best investors don't try to time bottoms. Bullish on bitcoin or any other investment asset for the long-term? Go buy — either through lump sum or DCA. You don't really need to over-complicate it.

As for altcoins — if you don't want to do your own research, then stay away from it entirely.

Bull market has yet started and Bitcoin won't go up sharply like you drawn on the speculative chart. Historically Bitcoin did not have its bull market one year before its block reward halving. If it happens in 2023, it is a first time in Bitcoin history.

You should DCA because if you use all money to invest in Bitcoin, you will fall in to questionable challenge like what is best price for me to buy it.

If you can work and spend your salary to DCA regularly it is better. You will increase total capital you invest in Bitcoin with part of your salary.

Don't do this in bear market as potential altcoins can die like Terra or FTT tokens. If you want to invest in altcoins, wait for Bitcoin start of its 2024 bull run.

With bitcoin you can never tell which is the top and which is the bottom, because the speed at which it moves often creates very large candlesticks on a weekly basis.
So everything depends on your goals and how long you are willing to stay inside: probably, if compared to the $60,000 of a few months ago and the potential $100,000 that many are talking about, the current price levels, even if they are not a bottom, still represent a good chance.

If, on the other hand, your intention is to be a trader, then the bottom has now been largely reached and the rebound portends at least an attempt to break $30,000.

If you can see clearly what's going to happen in the future with your technical knowledge, does it make any sense to ask for investment advice here? I think no, it's a big no. You never know what's happening next. Forecasting cryptocurrency or other commodity prices through the help of technical analysis is the worst idea. You need to check out the overall economy, in which direction it's going on, and how that direction may impact Bitcoin price. A few days ago, we have seen Federal Reserve add more than $300 billion in circulation, which alone pumped the price. You never know what major economic event going to happen next.

I would recommend you follow the DCA method to minimize the risk as it has been a proven profitable investment mechanism over the last decade in crypto.

If you're much interested on investing for a kong time, the best time is now and the earlier the better you got for it, you can also trade by choosing a desiring trading pattern, lastly reduce the extent to which you can loose on your investment when you adopt the pattern of DCA, this will help you buy and a particular basis and continuously accumulate the asset through this purchasing pattern, but it may happens that this is the last buttom we may be having this season to mark tye beginning of a new rise for ATH.

Six months to one year is not enough to assume that you are investing in bitcoin. For me, you are just a long-term trader and not an investor. Investors in the crypto industry must be willing to wait for more years because the bearish run can last for more than a year. If your investment plan is within one year, you might be forced to sell your coin lower than the price you bought. The price of bitcoin is unpredictable so nobody can claim to be a master of the market to predict accurately if the price will go up or down. That's why it will be better to invest what you can afford to lose.

I have not had an interest in buying any other coin apart from bitcoin because some of them are not always what they claim to be. Bitcoin has been consistent and dependable for a long time and it my suits my investment plans.

You have attached a global chart to the message, which clearly shows that compared to the previous ATH, the current price looks very attractive. If you're asking these questions now, I suspect you were planning to wait for the bottom and make one trade, but you know it's like a lottery because no one can know where the bottom will be.

I think that DCA is the best strategy because as it allows you to avoid unnecessary search for the bottom, you can start buying at any time convenient for you, of course, except for the time when we are approaching values close to ATH, it will be a lost best time to buy.

Now no one will tell you whether the bull run has begun, or we will continue to fall, this is too complicated a question. There are many analysts who make predictions, but they are just predictions. The same goes for altcoins, if you are not confident in the project, then you definitely should not invest in any of the altcoins on someone's advice. Pay better attention to bitcoin, because in terms of risk, it will be the safest investment in the cryptocurrency market.

I would also add that asking a whole bunch of basic questions about investing in crypto on an internet forum is probably the worst way to approach getting started--especially the one about recommendations for altcoins.  As soon as you ask that here, usually people chime in with whatever crap they're holding, and any advice is going to be confusing at best.

The only thing I can say about whether it's too late to buy into bitcoin, i.e., whether OP missed the bottom, is that nobody ever knows where the bottom is except in hindsight.  And even then it's very much possible that bitcoin could drop again and hit another low point.  Trying to time the market is an exercise in futility IMO.  If I were you, OP, I'd just stick with the DCA plan or buy some btc whenever you've got some spare cash.  It's a sanity saving option, because you'll drive yourself nuts if you keep thinking of all the profits you've missed.

This topic is likely belongs to Speculation.

Make it more than a year and you'll see greater price than the current because of the halving that will come next year. At this point, asking whether you'll get profit or not. Both are possible, to profit and to not and it all depends on how you foresee bitcoin. You can trade marginally and that's anytime you can profit there but greater risk.

Yes.

Either of the two, both of them are good strategies and it all depends how you like doing it. Majority will suggest you to just DCA but if you've got huge amount of money now and you want to invest around a year or two then just buy the whole thing and wait until those years has passed. If you don't need that money then just use it if you're decided to do it all at once.

Yes, based on the experience that we've been in. Every halving is like an indicator of the start of the bull run. But who knows if some cycles might be change for better or for worse but most likely, it's for the bull run.

If you know technical analysis, market makers, and whales know it too. The market is unpredictable, and if you can't take the risk, don't invest. Investing beyond returns also carries risks, so invest only when you're ready. Moreover, bitcoin is not something that can get you rich quick, if you can't hold it for long then don't invest.

here we can see clearly the bitcoin price has crossed the 200 ma and successfully retested and now it's up , according to technical it seems bullish and begining of bullmarket,
I am thinking to invest in bitcoin for 6month or a year, is it good price to invest ? i will make profit from this point?
or is it possible for price to go low then this?
and i DCA or just invest all at once and why?
and please suggest some potential altcoins which have possibility to outperform this bull market please share your personnel though don't just share  some random shitcoins
and what is your experience in past halving ?
is it beginning of bull market?