Topic: I need a Bitcoin investment advice - page 2. (Read 1302 times)

Your skepticism is welcomed and I would say, it’s the edge you’ve got now over those that would just invest without having to entertain such thoughts and hear from those that have been in the field long enough to have an opinion.

DCA has been the cost effective way to actually buy Bitcoin and it works by you not having to buy in bulk. I get it that, you hope to buy Bitcoin at a very fair price, though you might not be affected by the dump given your long investment plan for Bitcoin, you would still like to buy at some price close to the dip or some price below the standing ATH.

Well if that is your fear then, I would say, any price above $100k isn’t that price. You might have to hold up for the coin to dump below that and buy right off. Any price between $90-99k should be good enough. Even then, you could buy with 20-30% of what you’ve got at the current price and wait for the coming days for buying even more.

Investing in Bitcoin is one of the life changing decision op can ever take that will be beneficial in a long run. Every investors need to be ready to take the risk that is involved in cryptocurrency investment. It is not good for op to procrastinate because this is one of the reason why many investors would keep complaining about price not reaching their buying limits. It is good for op to take a decision now especially buying some units of Bitcoin before the price will hit a height that could be very difficult to reverse to.
If op have ideas about trading, I think that would be an additional benefit to know when to enter the market and when to leave the market. This is very important because it will help to make good decisions about the market.

When considering Bitcoin investment, it's crucial to understand the broader world of cryptocurrencies. Researching their types, uses, and market trends can give you a strong foundation. A detailed guide like the one available here: https://www.hiddenbrains.com/blog/what-are-cryptocurrencies-and-how-many-types-of-cryptocurrency-are-there.html can help you explore various cryptocurrencies, their functionalities, and their potential.

Start with small investments, diversify your portfolio, and always assess the risks involved. Cryptocurrencies are volatile, so staying informed and making strategic decisions is key.

If someone is just starting out investing, they should separate the money and not use it at all for emergencies or other things. This helps ensure that they are not forced to sell their investments at an unfavorable time just to meet immediate needs. And it is best for beginners to be more directed towards this dca method, this method also teaches them control or emotions in seeing highly fluctuating market movements. Indeed, this method also makes investing more affordable for many people. An investor does not need to have a large amount of money to start with they can start with a small amount and gradually increase their investment over time.

When i first got into bitcoin, i treated it as a long term investment. I recommend holding btc for years not months especially since it tends to fluctuate in the short term. The long term growth potential is where i see the most opportunity. So I usually avoid trying to time the market and focus on the bigger picture.

I wish I had seen this earlier than just now.  I am not going to go through and look at all these responses, it would take an hour or so and I don't have the time.  What I can say is I guarantee the majority of them are pretty bad, and that it's really not the best idea to get advice from anyone about anything financial until you speak with people qualified to do so.  You don't ask your baker legality questions do you, no you ask your attorney.

There's factors here that you've not provided which make is so that if anyone is giving advice without asking for the missing pieces, it already tells you that they shouldn't be listed to.

If it's not known how much your net worth it, if you're on track to meet your retirement goals (at what age are you planning to retire?), what's your family situation like, do you have children, are they protected in case you passed away and on and on.

Typically you'd what to DCA in, not dump a bunch at once, but again not enough known info to truly help.

It is clear that anything that you want to invest on if you make a research about the thing and know the advantages and disadvantages of that particular investment that you will want to invest on you can go ahead and the invest without having a double minded because any investment that you go into with the double minded or seeking advice from people who you don't know if they know the network of that business very well I think that business mighty lead you into a way that you may not understand it, is good for you to follow your mindset for any investment that you want to engage into because your mindset will give you all the modalities for you to invest and also bear whatever thing that will be the result of it

Bitcoin is a very valuable asset.you should not wait to invest in bitcoin because the sooner you invest in bitcoin the better off you will be. If you want to wait and invest then it is better to invest as soon as the price of bitcoin falls.

This guy has not say anything since he started this thread but I will chip in my pnw little advice. I was reading everything you said but there is one place that caught my attention. You see, I'm bullish about Bitcoin price and I like to see Bitcoin in higher prices but I don't appreciate anyone speculations that Bitcoin will attained a particular price, I'm bullish and optimistic about the market but investing into the market because people say it will reach a particular price is ridiculous.

From the look of things, you really need this money because you are saying 1-2 years and nobody can say where Bitcoin price is going tomorrow. You could see the price go where you never expected but all I'm saying that anything can possibly. What if when you need the money and we enter bear market, that's going to delay you more. Just buy Bitcoin and be optimistic about the Bitcoin with longer term holding, that's the only way you win from this market.

This is a wrong advise actually advising him to wait for bitcoin to drop to even 60k in price before he can buy could also mislead some newbies who has the interest to buy bitcoin now and also I don't know think there is any need trying to invest into shitcoins for there is every tendercy that one might lose all his income in shitcoins instead it is better to invest in bitcoin for a long time purpose as long as you have the discretionary income to start up one can start immediately using the DCA strategy instead of waiting first for the price to drop because the More you keep waiting the more you will be procastinating to invest today, invest tomorrow at the end you see your self not starting up bitcoin investment those who choose not to accumulate Bitcoin now believing the price is high now will definitely regret not buying Bitcoin now because the price won't be what it is now in the future the price will definitely increase above what it is now so accumulating Bitcoin using DCA strategy will be better since it allows you to accumulate Bitcoin gradually either weekly or monthly irrespective of the price and hodl for long probably 4-10 and more.

i could say the same thing that people who want to get involved in bitcoin investment need to consider investing using the DCA method. it is simple and better for beginners who want to invest in bitcoin while slowly building their confidence. with DCA an investor does not need to think about what point they should enter the market, the point is to invest regularly using their income... and it is better to prepare an emergency fund and savings to prevent that selling when you need money.

It is predictable, but in a broader sense, as we know about cycles and the price we are aiming at.
And there is no good price for Bitcoin because every price is the best price. We know for a fact that Bitcoin will be more valued as time goes on, and it wouldn't change.

I don’t think that is the best thing to do; it is not advisable to wait till the price drops before you invest in bitcoin. The investor may use the money or spend the money on other things that are not valuable, rather since he already wants to invest and wait for a long period of time regardless of the current price before he sells, the value will be bigger than this current price. 


Says by who, is there any coin that is worth investing your money in more than bitcoin? I can’t advise anyone to invest in any coin if not bitcoin; you are talking about shitcoins that can disappear at any time. However, you can see that the op is only looking up to bitcoin; there is not any coin that is worth putting your money into more than bitcoin.

If you are really that trying to catch with this upcoming bull run for this cycle then you can make out at least 2x if ever the price  will be hitting up 200k on this cycle but as we do all know that there's no assurance that we will really be able to hit up that price considering that most speculation is really that playing around $150k or something that in that range on which this one isnt really that bad either. Somehow when it comes to speculations then sky is the limit and on since this is a speculative market then you could really be able to expect that there are tons of people who been expecting something more. If you do have tha 1-2 Sell time period then i would consider out on holding up my funds anf wait up for that peak bear market and make up such entry but that would really be taking up some time considering that we are still on this bull run year. If you can take up some risks then you can enter now and make purchase and sell out on bull run peak, but thats if you do able to know on whats the peak yet no one really knows about it and this is why we are really that having that kind of hindrance in speaking about entry and exits when it comes to price due to unpredictability and total random thing. Invest on what you can afford to lose so that whenever the price made out some correction then you wont be finding yourself that panicking about on whats happening.

There's a misconceptions about the principle of waiting to invest in Bitcoin, some people have come into the market with the same mindsets that they had about other investments and think that the same principle will be applicable to investing in Bitcoin. When they want to make investment, their financial advisor advice them to wait until the price of the property that they wanted to purchase reduced but when you try to do that in Bitcoin, you won't be successful because of your habits of procrastination that can cause you to not buy because you were waiting for a good entry price. Bitcoin price is so unpredictable hence it's better you buy when you have the money available by DCA instead of to say you'll be waiting for a good entry price.

Reading through your post, it simply means you have not really decided to invest in Bitcoin, probably you are still scared and looking for assurance before investing. To make it easy for you, I will suggest the following steps for you:

• Check your financial inflows and outflows and see if the money you have can cover your basic needs and still leave you with some money.
• If the first point above holds, then set the money for basic needs aside, and start buyingg Bitcoin with 20% - 30% of what is left weekly or monthly. In other words, for every money that enter your hands,  remove money for basic needs and invest certain percentage of the balance into Bitcoin. Do this for one year and see how peaceful investing in Bitcoin can be.
• Don't even think about selling this Bitcoin because the process of buying them does not put you under any financial pressures so even if the price rise so much or fall so much, you will be able to HODL

If I were you, I would have held my real estate investment but first learned extensively about Bitcoin instead of liquidating the real estate and now trying to seek advice about Bitcoin investment. Well, you can invest in Bitcoin right away, it will deliver a profit to you someday, but that will not be smart if I'm sincere with you. Bitcoin works in a 4-year cycle and this year will end the current one even as Bitcoin is more expensive. Why not wait till it just started the next cycle when it is cheaper to buy and keep it for whatever years you have in mind to gain more?

Op it is a good idea and or plan to buy Bitcoin because that is wise decision to make and perhaps that is one important thing to do right now, considering Bitcoins volatility. Bitcoin is very volatile and should be bougth and held for a long period of time. Probably atleast 4-10 years and at most 20-30 years depending on your plan. But the way I see your plan, I donth think if you can even hodl up to 10years. But if you can hodl more Langer, surely you will  have a good return in the  nearest future.. The 1-2 years you talked about is not enough or itss not good for me, at least you should hodl for more years before a tangible thing can be achieved.

That's absolutely true it's fine opportunity for any new Bitcoin investor, as now Bitcoin has touched 89k which is all time low in recent two month and this could well be the final dip before Bitcoin makes it's way back toward $100K, since several negative news wave are already revolving around and they are done their damage so nothing are much worrying about.
So the best possible Chance for OP was to utilized that dip and try to accumulate via a DCA.

But if op change his mindset to hold it long then the benefits could be even greater for him and so that he can accumulate in cheap and wait for next bull season to make sure his profits 3x or more as "making patience is the ultimate key to success in that volatile market like Bitcoin"

If you haven't invested in Bitcoin yet then this is definitely going to be a good start for you. If you look at the Bitcoin market today you will surely realize that Bitcoin is dumping much more today than yesterday so if you are not investing in Bitcoin then you can definitely take entry. But if you are a short-term investor, you can invest when Bitcoin enters a dumping market and sell at a profit when the market corrects. But if you don't want to invest all your dollars in Bitcoin at once, you can follow the DCA method.