Is buying BTC now, the best option ??? - page 10.

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legendary

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Quote from: MarjorieZimmermanGinger on April 06, 2023, 04:38:34 PM

Most people understand the nature of price fluctuations and there is no precise prediction regarding the price of bitcoin. But when people invest in the long term, there is no need to worry.

They should still have concerns about storage as long as they haven't stored their bitcoins in a secure wallet. Meaning he should care enough about security risks instead of just expecting returns, that's a wise mindset about investing.

Regarding strategy, your advice on DCA is good. I agree that DCA allows you to accumulate bitcoin, you will get bitcoins at varying prices which at some point will result in you having a lower average buying price. This is decent advice long term, so I'm agree with that.

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Quote from: bitzizzix on April 05, 2023, 09:37:45 AM

Bitcoin trail is still reliable and can also be targeted for huge profits but you should not trust it completely either because anything can happen suddenly due to some factors which we never know before.

Belief in bitcoin should be in line with an understanding of the investment we are running, so you and I are not involved in setbacks to collect it. For now there is no reason not to believe in bitcoin as the best investment, but we still have to consider the risks as well as the investment ability that we can afford to lose.

Quote from: bitzizzix on April 05, 2023, 09:37:45 AM

therefore what many people talk about is bitcoin is not easy to predict, and the right way to care for bitcoin is to store it for the long term and do DCA to grow ownership by buying it periodically according to the bitcoin price situation. And if the bitcoin price drops, this is an opportunity to increase DCA buying and return to normal when it starts to recover or stop when the price is out of reach and all aiming for the long term.

Most people understand the nature of price fluctuations and there is no precise prediction regarding the price of bitcoin. But when people invest in the long term, there is no need to worry.

The DCA pattern is one of the strategies that people can apply, this is directly related to some people who don't have big capital to buy. There is also an adjustable period of selling at a higher price, so that profits can be maximized to buy again. The point is that everyone can take an approach according to their abilities and most importantly, don't push too hard if it can't be done.

wmaurik

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Quote from: fat buddah on April 05, 2023, 09:51:28 AM

That's why I'm trying to combine DCAing and buying the dips. I buy BTC every month, but when it's price seems like it's really low I'm trying to buy more. It was nice to buy it below $20K, especially when it came back and got to $28K.

If you once bought Bitcoin at $20K and now you still have Bitcoin at $28K, that is a real boon for you now and if you are still optimistic about continuing to buy. And holding it in long term, you are still not too late to do so now as another surge in Bitcoin to pass the $30K level also looks very likely within this month. Hopefully in the near future there will be good news that can continue to push the increase in Bitcoin prices to higher prices.

Nwada001

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Quote from: Justtoons on April 01, 2023, 02:15:28 PM

As at today, April 1 Btc grew by 1.96% hitting $28,571 in the last 24hrs.

So, from the look of things, don't you think that investing in Btc at the moment could be worth considering?

Just like the saying goes, no time is ever too late for anything, especially when it concerns investment decisions. Your best time of buying all depends on what your purpose of buying is all about. If you have the intention of buying today with the expectation that tomorrow it will make you rich, then the answer to your question is NO.

But if you're in for a long time holding, then buying now has nothing to do with the best time or no best time.
I can buy now and hold for about 3–8 years, and I can probably use today's price as a reference point for what the value will be at the time of sale. But if you are planning on buying now just to make a day trade and make some huge gain, I will probably say that it's a risky move because you can buy now at $28k and wake up tomorrow to see it at $26k, which you will probably record as a great loss instead of a profit.

Furious 7

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Quote from: Fivestar4everMVP on April 04, 2023, 02:43:27 PM

Quote from: Furious 7 on April 04, 2023, 02:34:25 PM

Quote from: Fivestar4everMVP on April 04, 2023, 02:25:00 PM

Halving have been the major catalyst to almost all the bull run the bitcoin market have experienced over the years, I believe some people already know this and are already accumulating bitcoin silently, in preparation for next year's bitcoin halving, this is probably the reason why bitcoin has been climbing up little by little.

If you don't already hold bitcoin and planing to invest, I think now is the best time to do so, as I believe that the price might continue to go up, with little pull back from time to time.

I still feel like something like this is possible despite in some cases a lot of people have said that some of us are still doing DCA and when talking about the best time actually regardless of what the conditions are for a few months or maybe from years ago buying bitcoin is still the best time and it's not wrong to admit something like this because indeed this is something that I think is feasible and even almost everyone who is here agrees that they are long-term investors.

Well, It is actually important that anyone investing in bitcoin should do so looking at the long term prospect, bitcoin has grown past the stage when one could buy bitcoin at that moment and then, in just few hours, cash out big profit, those times have past.

The times we currently are, is the time when those investing in bitcoin must think long term, else, you might sell at a big loss, and also, to DCA is another great buying strategy which every bitcoin investors must know how to make proper use.

Here's the point. We don't need to focus too much on the current price when indeed the aim is the term for the next few years so indeed in conditions like this what you say will be concrete with DCA and buy again and again while we have the conditions and are ready to buy it.
For Btc there is actually no doubt about that and of course if indeed we are really sure then in this case buying especially for now (although the price is quite higher compared to the past few months which touched $ 15k) still this is a great time appropriate. Don't let the price get higher and then think about it and start regretting that you missed the train that was already running.

fat buddah

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Quote from: kryptqnick on April 05, 2023, 09:20:00 AM

Even though people generally believe that Bitcoin will recover, many tend to ignore the opportunity of investing during long bear markets, waiting allegedly for a bottom to be reached, and then when Bitcoin is up 30% over a short period of time or something like that, they start getting interested and thinking about investing. The price isn't as good as it used to be, but others are right that it's still pretty good (less than half of the ATH point, and Bitcoin tends to surpass previous ATH when a new bull market is happening). And nobody knows whether it will get much lower from here in the future.

That's why I'm trying to combine DCAing and buying the dips. I buy BTC every month, but when it's price seems like it's really low I'm trying to buy more. It was nice to buy it below $20K, especially when it came back and got to $28K.

Faisal2202

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Quote from: Justtoons on April 01, 2023, 02:15:28 PM

So, from the look of things, don't you think that investing in Btc at the moment could be worth considering?

It all depends on market sentiments, I know my reply is late but just today MicroStrategy bought another pile from BTC supply for around $29.3M. according to this news, the market will make some spikes when the demand will increase I have already shared my opinions on that topic about how this holding of MicroStrategy will be to good benefit of the Market.

Overall, I think the mentioned price is a good option to take entry but you should not put all of your money into the market at once. You should do proper DCA (dollar cost averaging) this will increase the profit ratio and decrease the loss ratio too. overall, i think the market will go below $28k for once as a halving of BTC is near as you mentioned so ups and downs will be prominent in the market. plus you should shed an eye on Elections in the USA as many political parties are in favor while some are opposing BTC so that could also make a great impact on BTC price which could give you another good entry point than now.

summonerrk

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Quote from: Justtoons on April 01, 2023, 02:15:28 PM

As at today, April 1 Btc grew by 1.96% hitting $28,571 in the last 24hrs.
...
one major element that can catalyse the next bull run, is the Bitcoin halving that triggers every 4 years. And as expected after every Bitcoin halving comes a Bull run in the crypto market.
So, from the look of things, don't you think that investing in Btc at the moment could be worth considering?

I don't know where on the chart you saw an opportunity for rapid growth in 2024...
From my experience, I will say that I believe only in the levels of strong support or resistance, you need to build them and then the picture will become really clear and explicit.
The average moving chart makes no sense at all, since it is only an averaging value of Already Known price values.
But I can agree that in 2025 bitcoin will reach a new max.

bitzizzix

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Quote from: MarjorieZimmermanGinger on April 05, 2023, 09:13:49 AM

Quote from: ChiBitCTy on April 04, 2023, 07:36:53 PM

I think no one knows the way which bitcoin is heading for sure. I’ve maintained that for the most part most people should be deploying a DCA/Dollar Cost Averaging strategy to buy bitcoin. Again, you can try and time the market, but that it just extremely difficult and honestly takes a lot of luck. Putting a little bit of money in to bitcoin over the course of time will insure you get your bitcoin as well as get some when’s its “low”.

At least we have a method to see the development of Bitcoin in year to year, the process of accumulation of ATH achievement is usually marked every four years, although it could be slightly shifted or occurs faster than estimates. This is what provides a foundation and understanding to some people enter the market and try to collect as many bitcoin as possible.

But there is one interesting thing that makes people not need to think too much about the direction of Bitcoin, the DCA pattern is believed to be very appropriate to get bitcoin and we can set the time to make a purchase. This provides an opportunity for anyone to collect bitcoin with the amount of capital we have.

Bitcoin trail is still reliable and can also be targeted for huge profits but you should not trust it completely either because anything can happen suddenly due to some factors which we never know before.
therefore what many people talk about is bitcoin is not easy to predict, and the right way to care for bitcoin is to store it for the long term and do DCA to grow ownership by buying it periodically according to the bitcoin price situation. And if the bitcoin price drops, this is an opportunity to increase DCA buying and return to normal when it starts to recover or stop when the price is out of reach and all aiming for the long term.

robattfield

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Well some market participants just look at others they really lack confidence in themselves, I'm not sure OP will sleep through the doldrums of 2022. But the experience I learned when the market fell The price is the time when they are learning to accumulate, and when it recovers it depends on the strategy of each person that they will decide accordingly.
However, the case of bitcoin tells me that even if you buy at the ATH price, over time you will still have the opportunity to profit from it, and the truth is when they are patient enough and believe in it can be bought at any time.

kryptqnick

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Even though people generally believe that Bitcoin will recover, many tend to ignore the opportunity of investing during long bear markets, waiting allegedly for a bottom to be reached, and then when Bitcoin is up 30% over a short period of time or something like that, they start getting interested and thinking about investing. The price isn't as good as it used to be, but others are right that it's still pretty good (less than half of the ATH point, and Bitcoin tends to surpass previous ATH when a new bull market is happening). And nobody knows whether it will get much lower from here in the future.

Baoo

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Absolutely yes, due to the current price is still under $30K and in my opinion, once Bitcoin breaks it, it will definitely rise significantly ( Bull run ). It means If you buy now, you won’t regret later especially if your investment strategy in middle or long term. However, it might take a lot of time to see ATH ( $69k) again probably in 1-2 years. We never know what will happen though.

In my opinion , Bitcoin will hit the highest price of all the time in 2025 but that’s just my personal prediction. Furthermore, the market is extremely volatile, and BTC’s price is up and down but with low value. It means short term investment in unprofitable. And you might lose a huge amount if you take the risk during this period.

MarjorieZimmermanGinger

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Quote from: ChiBitCTy on April 04, 2023, 07:36:53 PM

I think no one knows the way which bitcoin is heading for sure. I’ve maintained that for the most part most people should be deploying a DCA/Dollar Cost Averaging strategy to buy bitcoin. Again, you can try and time the market, but that it just extremely difficult and honestly takes a lot of luck. Putting a little bit of money in to bitcoin over the course of time will insure you get your bitcoin as well as get some when’s its “low”.

At least we have a method to see the development of Bitcoin in year to year, the process of accumulation of ATH achievement is usually marked every four years, although it could be slightly shifted or occurs faster than estimates. This is what provides a foundation and understanding to some people enter the market and try to collect as many bitcoin as possible.

But there is one interesting thing that makes people not need to think too much about the direction of Bitcoin, the DCA pattern is believed to be very appropriate to get bitcoin and we can set the time to make a purchase. This provides an opportunity for anyone to collect bitcoin with the amount of capital we have.

Bitcoin_people

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When there is a bear market in Bitcoin, you should understand the market movements and buy. Because then the market takes a position in a parity and later again it turns into a bull market. Especially if you analyze the market and get an idea about its future, you can be successful in investing. and when you can get a good profit by investing, then more interest to invest will be revealed from inside your mind. So you invest by understanding the market position and surely you will never face loss.

rahulzx

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Quote from: Stella Mese on April 05, 2023, 01:14:07 AM

I don't think we should be in a hurry to buy BTC because we have to look at the situation and conditions, because we won't know the price of bitcoin in 2023 whether it will continue to rise or fall very sharply, so in this case it depends on our readiness,
if for example we are ready to buy btc with the risk at the current price in my opinion, it is possible to buy btc at the current btc price.
but it would be even better if we wait for btc to drop first and immediately make a purchase.

Though there is a point, if BTC won't drop sharply we miss the dip no? As you mentioned it's on our readiness.

borovichok

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Quote from: GreatArkansas on April 04, 2023, 08:51:52 PM

Quote from: Yatsan on April 04, 2023, 06:33:22 PM

A breakout could happen once it crosses the $30k market price which could create a new market resistance. Problem is, what if the other way around happen? Once its price fall down to $25k it might continue falling because nothing supports the increase happened this year.
(....)

I'm tired of $28,000 Cheesy

. As of now, we are back again above $28,000. I believe this is far better, I am happy even though we will not see $30,000 these coming days, as long as we stay above $28,000. I feel so safe when we don't have a lot of dumps happening.
$30,000 is a magnet here, we don't just need to hurry.

Bitcoin is slow on the chart and it's movement will take the whole day, I'm not impressed with the situation. However some traders have already recovered their losses because I'm pretty sure we have risk takers in the space and they'll do anything within their reach to make significant figures from the dump and pump of Bitcoin. BO will triggered as soon as it hits the $30,000 level, just get ready to long it once you have a good setup. I'm making good profits with the scalping strategy on bitcoin, and I hope it keeps consolidating because that's the main the zone I'm confident on opening entries on the trade.

Stella Mese

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I don't think we should be in a hurry to buy BTC because we have to look at the situation and conditions, because we won't know the price of bitcoin in 2023 whether it will continue to rise or fall very sharply, so in this case it depends on our readiness,
if for example we are ready to buy btc with the risk at the current price in my opinion, it is possible to buy btc at the current btc price.
but it would be even better if we wait for btc to drop first and immediately make a purchase.

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Quote from: Yatsan on April 04, 2023, 06:33:22 PM

A breakout could happen once it crosses the $30k market price which could create a new market resistance. Problem is, what if the other way around happen? Once its price fall down to $25k it might continue falling because nothing supports the increase happened this year. Also, if you would observe the price chart of not only Bitcoin, long green and red candles are appearing in an instant which could be big investors placing their orders and this is simply a manipulation made by them. What makes this risky is once long candle is followed by more long candles; downfall and correction. So to answer the question whether right now is the best time to buy or not, it would be depending on your endurance to take both pumps and dumps given that no one is certain of what will happen. Don't worry, it will never be too late, best time to buy is when you are ready for the consequences.

You are right, there is no best time to buy or best time to sell, it all depends on the stamina and goals of each investor. But I think once invested in bitcoin, it should be considered a long term investment as short term is unpredictable, and if comparing the current price with old ATH, this is also a good time to accumulate bitcoins. In the case of bitcoin falling further, just not selling won't make a loss, but if bitcoin rebounded strongly, we would have made a profit and didn't miss the opportunity to buy cheap bitcoin.

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Quote from: Justtoons on April 01, 2023, 02:15:28 PM

So, from the look of things, don't you think that investing in Btc at the moment could be worth considering?

Are you asking on a bitcoin forum if investing in bitcoin is a good idea? Grin

Right now we're more than 50% below the previous ATH, no one knows if bitcoin will make a new low but anyway buying at this time, for me, is a good idea, there is a lot of space for a great growth during the next 2 years. Best thing would have been buying below $20k.

GreatArkansas

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Quote from: Yatsan on April 04, 2023, 06:33:22 PM

A breakout could happen once it crosses the $30k market price which could create a new market resistance. Problem is, what if the other way around happen? Once its price fall down to $25k it might continue falling because nothing supports the increase happened this year.
(....)

I'm tired of $28,000 Cheesy

. As of now, we are back again above $28,000. I believe this is far better, I am happy even though we will not see $30,000 these coming days, as long as we stay above $28,000. I feel so safe when we don't have a lot of dumps happening.
$30,000 is a magnet here, we don't just need to hurry.

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