Topic: Invest now? or wait for down turn? - page 10. (Read 14884 times)

Don't fear of losing, you have to be brave and take risks. Bitcoin price has just started to go up it would probably wouldn't go down to 3k again. Even if there is some correction it would probably remain 4.5k to 5k. So, you have to take your decision if you don't want to put all your money then you can invest 50% of your funds.

Your decision depends on you valuing the market, many assumptions from users about rising or falling, but often the market moves against the assumption. so it would be better if you invest now then you must have a strategy or plan if the market does not move as you wish, this is to avoid losses.

I suggest you better invest now. There's no guarantee that the market will go even lower. It's been playing statically lately, and if you notice, it has gone low approximately 80% from its all-time high. Historically, whenever bitcoin hits a new high, it will seem to rest uncertainly, then will surprise us again by booming drastically. Given these facts, we can infer that anytime, bullrun can happen, and its current price is a good bet. If you are not convinced still and still lacks confidence in the recent movement of bitcoin, you can invest only half, then always be on the watch for unexpected turns.

And that should be goal in the first place, especially if you are in the market for the long haul. You should buy specially during the last all time low of $3200 for bitcoin and around $80 for Ethereum. It almost doubled now if you just have that mental toughness to buy and just HODL I''m sure you will be happy to see the current market price.

You should have bought before the breakout on April 1. I profited a little that time. I guess you need to invest now if you have the money. Many hoped for the pump to be the beginning of the new pump that will be done soon.
Maybe this is a great idea. If you have spare money let's say 10% of your monthly income then you can try investing all of it.

Whether we are in the bull market or bear market, we should keep holding our bags because we should always remember that we have limited supply of good cryptocurrencies and there is no option for the price for long term but to go up. Just keep buying when the price are dipping and in the future, you will have a huge gains.

The market cannot be all bearish, the period we are not is slightly changing to bull market, and we know when there is a bull market there's full of
good surprises. We can't miss this opportunity, price may not reach to its new ATH again but it's guaranteed it will continue to increase if we are in the bull market.

Well, better to have other investment strategy in addition to that one you mentioned, like if you are regularly investing a percentage amount of
your money, ex. 10% of your monthly income are invested in crypto. So instead of 10%, better to invest half of it just in case there is a continuing upward trend trajectory.

I think you should. The down period have stayed for a long time and I'm certain that those times are over. I have read somewhere that some countries want to issue bitcoin bonds and it really makes me agree to a video that tells that the pieces are falling into place.

you should invest 50 a week on BTC for 1 straight year. Never look at the price and don't trade.

If you can afford to lose all the money that is 2600 usd this should be how you start.

Why do I say this?
To make money trading you need discipline.
If you can setup a 50 dollar a week buy for the next 52 weeks and never touch the coins no matter what happens you will have an idea if you have enough discipline to be a trader.

What do you lose by doing this?  at the absolute most you lose exactly 2600 USD.
Can you afford to lose 2600 USD?

If yes do this plan.
If no do not do the plan.
After 52 weeks assess what you were able to do.

Anyone that has never traded should do a one year plan:

 maybe 100 a month for 12 months one coin all buys.
 maybe 50 a week for 52 years one coin all buys.

The amount you pick should be something you can afford to completely lose.

You are doing this to test you ability to stay in check and be disciplined. No more no less.

The first and foremost thing in being a trader is to be able to do this.

Post back in a year and let me know if you followed my advice.  or send me a pm.

in fact anyone reading this is free to try to do what I say.

Based on my 62 years of age  very few can do this almost none.  I can not do it. So guess what I mine I don't trade.

As a miner I need to be able to find good power deals much much much much easier then what I advise the op to do.

Both can be the same in line, some holders will trade when the market is good and some traders will also hold when the market bad, it is just a vice versa.

Investing at this point will certainly be good,  prices aren't too high that we can't afford to buy with. We don't need to waste our time waiting for the market to fall down cause it possibly it won't be happen this year. This year will be another great year for crypto and we have to buy more before it happens.

With the current situation of the market, trading would be profitable these days because of the nice fluctuations on bitcoin and other altcoins. The ups and downs average an upward slope in the price charts which is a good indicator of profitable trading. However, always keep in mind that trading is based on skills and experiences. Not all who traders are successful traders. Better to do your study especially your newbie in trading. Trading is different from holding.

I do not believe there will be another downturn but I believe we are not yet in the bull market. You might be seeing price is pumped and slowly going up but I guess the is just playing in the bear market condition and not really have overtaken already the bear.

I have not taken a decision where I will sell Bitcoin. I have invested in the cryptocurrency much, and holding is the plan that I have. Will I invest more? Probably, but not sure now.

maybe down turn will not happen anymore in bitcoin or altcoin price.if we want to make investment on crypto maybe this is best time for us before all coins price rise again.

Buy cheap and sell high, thats the golden rule on trading, the only way to run away with profit. The problem is when we wait for down turn but the coin keeps going up.

In addition to the valid point you have given, OP must also know that in his quest to invest in Bitcoin, he needs to ensure that he buys it when the price is low, which I personally believe that the best time is now, because if he buys at peak and price drops drastically, just like many people did during BTC bull run, he might wait for 1 or 2 years and still not get anything. This is why many people gets tired and discourage because they don’t enter a trade at the right time, buying and Holding for a long term is the best, but it has to be bought when BTC is at peak.

Exactly I mean since Bitcoin is volatile and experiences ups and downs in the price very often, it is okay if you speculate in Bitcoin right now. It would have been best had you speculated in Bitcoin when the value was down but since you have missed it already, for now, focus on the current market as it is going bull in the near future and what else you want if you are making good money in crypto! Long run hodl is better than any strategy you could make use of in crypto.

This is a strategy I definitely recommend, I would never suggest going in unless the price is so stupidly cheap you can't possibly lose and those opportunities are far and few between.

You should not just believe to what other people say and you should do some analysis for yourself to find out if they are really saying the truth or they are just planning for some actions before you guys can enter the game. Don't rely on the communities like pump and dump and free signals because they are just manipulators.