Topic: I need a Bitcoin investment advice (Read 217 times)

Till the next bull cycle would be much, much more preferable, in my opinion. More potential and boons would come from it.

Bitcoin will crash and might even hit $60k back again but it would not be in the next 5 months at least. No one actually knows for sure but if history is to go by, after this year bitcoin will undergo a bearish season where the market will not be seen hitting record breaking prices. This year however we can expect bitcoin to go beyond $110k. Always DYOR and invest at your own risk because like I said everyone here is just as predicting as much as you do maybe some with more knowledge and experience but none of it enough to guarantee what the actual price will be come a certain time.
Good for you. You seem to have have a definitive plan and goals which should be one of the first things you think of before you actually buy your first bitcoins. Good luck, op.

1-2 years is poor and it might put you in a difficult situation when you want to sell in 1-2 years time. During that time, there are chances that the market will not be in a good condition for you to sell and the price might be lower than the amount you bought in hence you should think more long term and not short term because anybody that is investing right now should either get out early than 1 year or plan to hodl for more than 4 years to be able to sell during the next bull market. You seem to have everything planned out hence there isn't much that can be added but I have one advice for you and that's to not buy with one purchase but buy gradually through DCA and you would have a good deal because soon the market might start correcting and present you with a good buying opportunity. That moment should be used to buy more Bitcoin while still sticking to your DCA strategy.

Bitcoin investment is a very good investment in fact one of the best investment right now in the world, if you are willing to invest in Bitcoin and hold for 1 to 2 years then I don't think is a good idea because of Bitcoin volatile nature so I will advise you hold it for for 5 to 10 years longer, meaning that the money you should use to run this investment should be money when invested for this long won't affect your financial status, some people when they want to go into Bitcoin investment they use money they will be needing immediately and that makes them always dip hands into there Bitcoin investment, that is why it is advised to use your Discretionary income when ever you want to invest in Bitcoin.
And then again I will advise you have a backup funds such as emergency, float and reserved funds, this funds are there to help you during times of emergency, a friend of mine when he started his Bitcoin investment Journey he had a backup funds so years later he got an accident and spent everything he had with him and he still needed more money all he did was to dip hands into his backup funds and that was how he settled the medical fees without touching his Bitcoin investment, if he didn't have such backup funds he would have dipped hands into his Bitcoin investment so if you don't have a backup funds you can accumulate and then build your backup funds bit by bit.

You already have the money and you already have the right basic knowledge to invest in Bitcoin, so what else do you need? Just buy Bitcoin and hold it in your cold wallet, no need to think too much about how the market is moving now, or if you are still a little hesitant you can do DCA or accumulation. But it seems that holding 1-2 years is still quite short, at least you can hold more than that so your chances of securing profit are higher.

He can buy Bitcoin at the price now while the price is down a lot to $94k. We always suggests those who wants to invest in Bitcoin using DCA method because that helps them to accumulate Bitcoin from time to time.

Using DCA method means you buy Bitcoin constantly for weekly or monthly in any price. You don't have to bother with the price up and down and only focus with your buy time.

But it needs discipline to run DCA method because sometime your buy time will be at a high price. But that will not be a problem as your reason to invest in Bitcoin is having more and more Bitcoin.

The best advice to invest in Bitcoin is to hold for a long time. The success of investing in Bitcoin depends on your patience, the more patience you hold, the more profit you can make. If you could have bought bitcoins at $60k you would have made a lot of profit right now. However, many expect that 2025 Bitcoin price will increase significantly. Therefore, investing in the hope that the price of Bitcoin will rise in 2025 may not be as expected. In fact, if you want to invest in Bitcoin, you should plan to hold it for the long term. If you can't hold for long term then you can face loss instead of profit. So it is best to invest in DCA method and hold for long term.

Every scenarios are possible and you have to be prepared for any of them. If we take history into consideration, it wouldn't be a surprise to see Bitcoin back to 60,000$, as corrections in price are always present in this market after the price skyrockets too fast at once. Personally, I wouldn't enter the market right now. I prefer to wait this bullish cycle to cease, so I can start investing once again. I don't feel comfortable investing during a possible peak of the market.

It doesn't mean it's not profitable, but from what we have observed previously, investors investing during the peak had to wait the next bullish season to cashout some profit, while investors investing in another moments had profit much earlier, in a shorter period of time.

For an example: investors who invested in 2021 had to wait until 2024 to finally see their investments turning into green.

But how far will Bitcoin price correct and where will this correction end? What will be the lowest bottom? I don't think any of us can predict the bottom of bitcoin in this correction.

Admittedly, investing in bitcoin is difficult at the moment. Waiting is also not a wise decision as bitcoin price can continue to increase at any time but buying now is also risky as the opposite scenario can also happen. In my opinion, ideally anyone looking to invest at this point should use the DCA strategy. Don't think too much and hesitate because no one can know how bitcoin will move in the coming days.

Timing the market is tough so i'd consider dollar cost averaging, buying smaller amounts regularly to reduce risk. Since you're okay w/ price swings, focusing on your long term goal of holding for a few years seems like the best approach

It depens on how much risk you want to take. If you want to take very high risk, from investment with all money you have and accept possible risk in your life like emergency things that can force you to sell your bitcoin in future when you don't have money in reserve for it, you can invest all money to Bitcoin.

This is too much risk to take, and I don't advice it to any people. Investment is risky but you never should invest all money in Bitcoin or in anything else. To control your finance, make sure that when urgen things come, you always have money to deal with it, you need to reserve some money, and avoid invest all money.

With vision for investment in 6 months, 1 year, 2 years or longer, the approach needs to be the same. Safety first is key to help you holding your bitcoin well and get profit.

DCA is good strategy and https://costavg.com/ is a very good website.

Dollar Cost Averaging with costavg.com include exchange fee

Would've usually suggested to just put in everything since you're looking at 1-2 years of investment time but considering the assumption that the bull market is near us (which is what I personally think as well), might be better to wait until after that. At most I reckon it'd be a year? 6 months in the least. You'd probably be met with losses if you invest now and would only probably see a recoup maybe 3 years at least down the line.

I'd suggest just putting it back into somewhere else, or DCA into Bitcoin instead and take profit from the bull run when the bullrun actually ends. You can also just put in everything and leave at the peak, but the risk of losses is probably too big, not to mention that you're looking for value, so I'd much rather wait after instead of doing it before when it's pretty close.

The simple truth is that bitcoin does have cycles but nobody knows when we reach either the top or the bottom. You have two strategies since you said you have $50-100k: you can buy all at once when you are happy with the price or you can DCA simply buying a little every single month and in that way you average your price. Anyway I don't think we'll reach $200k during this cycle, let alone $300k...

If you buy bitcoin now, i suggest you to hold more longer as bitcoin struggling upward to at least break the $110k resistance.
Or if you want with smaller profit then it's okay, it still depends on your preference. As long as you don't sell when bitcoin drops compare to your buy order, it's not considered as loss.

First off dont use an exchange as a wallet, if ypu dont control your own keys you are destimed to find out the hard way.  Second dollar cost average in, dont try to time the market, it takes a seasoned vet awhile to get the hamg of timing the market.  DCA lowers your risk on the downside by not going all in but sharing the upside incase it spikes.  Good luck and welcome you are in for a fun ride

You should wait for the crash at its price as low as possible from it's current price in order to acquire more bitcoin when buying bitcoin using the budget you mentioned or not. If you cannot wait for the price to decrease then you can buy portion by portion until you accumulate the amount you wanted. If you are not aware of it then you can make your own research about how DCA works and what's the best way to do it.

How about if you continue with real estate since you are not looking for big profits, rather you want to tire the capital down.
Again, 1 to 2 years is not a complete bitcoin cycle, you might be at great lose in 2 years time from now.

That was a fair price, but I cannot say that for a price at the range of $100k

That shows the speculative nature of the asset. You can consider to invest only a portion of your capital and diversify the rest. No one can guarantee you anything here.

If you want a good entry, then wait for the next cycle.

HI,
No one knows what the future price will be.  All anyone knows that pretty much any time you had mined or purchased over the last 16 years if you have held for any reasonable period of time you have done well.  Market timing is just guessing.  As others have said you can dollar cost average.  You may dollar cost average higher or lower, no one knows.  People say there are these 4 year cycles, but each time has been different and this time is different because MSTR, ETFs etc.  So there may be cycles or there may not be. 

Any advice you get on here is only people's opinions, so you'll have to digest them all yourself and see what makes sense.  If I know the fiat price was going to drop, I'd wait or short it.  If I knew it was going to rise, I'd do the reverse, but no one knows.  :-)

Indeed, the OP appears well prepared to invest in Bitcoin. Given the current market volatility, it's wise for individuals to make their own informed decisions. Advising someone to invest without knowing what the future holds is not prudent.

As you suggested, a viable strategy is to accumulate Bitcoin initially and then consider buying more later. This approach allows for a more measured investment.

Not an expert yet with few research I will advice you invest the little you can afford to lose because you don’t want to hold anyone responsible whenever the price is low. From the post above I’m certain op is knowledgeable about bitcoin bearish and bullish season, it’s totally difficult predicting the entry price mostly times like this a lot of investors are scared to buy now viewing the price is very high well now is still the perfect time to buy just imagine missing out previous chance and now op feel the price is still not favorable. A long term plan will help but, not 1-2 years I doubt if it’s a good choice holding for a short period of time.