Is buying BTC now, the best option ??? - page 11.

Bazzu

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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.

we could be expecting the next bull run in the crypto market which will most likely be led by BTC to start in 2024 reaching it's highest in 2025.

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 think we will know what will happen in 2024,

and if we look at the chart, of course we will have 2 choices, namely between going up or going down very sharply.
but actually we will not be too late to buy now, and in my opinion now is the right moment to buy and it is better to use the dca system in every purchase.
but in my opinion, don't worry about the price of bitcoin because even if the price of bitcoin drops sharply, of course it won't be long before it will definitely rise again quickly.

ChiBitCTy

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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”.

Woodie

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When it comes to buying bitcoin and taking its prices into consideration, lets always remember that bitcoins potential has not been fully unlocked and this generation is very much tech savvy... which means in the future when most monetary transactions will be all going digital, expect cryptocurrencies to be on the top list and btc could be X50 the value of today.
In short there is no wrong or right time to buy your bitcoins, buy at every chance you get, good luck.

leonair

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

~snip~

Bitcoin is a currency that constantly brings profit to its users. If you believe in Bitcoin and have been watching Bitcoin for a long time then you will definitely see this. So investing in Bitcoin past, present or future is always a good plan. But of course it is always more profitable to invest in dip condition. So always try to buy bitcoins in dip market.Then it might give you comparatively more profit. Bitcoin price has been on dip from ATH for a long time so it can see pump higher anytime and again make new ATH soon. So it won't be bad to invest in Bitcoin now. Always invest following DCA it will reduce your risk a bit

Yatsan

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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.

JoyMarsha

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First of all, due to how inexpensive bitcoin is right now in comparison to its all-time high, anyone who has a long-term investment aim in bitcoin should consider doing so. By making an investment today, you commit to hodl it until the price of bitcoin increases, as is expected to happen in the coming year(2024-2025). The amount they invested and the skyrocketing price bitcoin reached, will determine the profits they end up making from their long-term investment in bitcoin. Although there is a strong likelihood that people who bought bitcoin at a low price and sold it at a high price will have made profits because the halving season always brings about the bull run

Blurr007

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Definitely,
The Main purpose and dream of every business is "growing big".
Bitcoin reaching over $28k shows that they've come a long way,
And as the biggest crypto market, they will love to increase in terms of price and market cap.
There are times market price falls and rise, it is all part of marketing.

So, investing in bitcoin will be of benefit to investors, as long as bitcoin sticks to the main purpose of every business stated above.

Easteregg69

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The xen project is now completely fired. Don't you ever make them rich again.

And don't be mad!

Quote from: Easteregg69 on April 04, 2023, 02:44:19 PM

The xen project is now completely fired. Don't you ever make them rich again.

And don't be mad!

DBxen has harmfull admin.

I think the biggest problem with bitcoins is people says it's immutable. And I tell you why.

[moderator's note: consecutive posts merged]

Fivestar4everMVP

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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.

Furious 7

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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.

DeathAngel

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Bitcoin is the safest investment around if you are willing to hold long term in my opinion. It’s designed to go up forever, it’s deflationary which is unlike pretty much everything that you can invest in. Sure if you’re looking short term you might not get the results you want bur if you can hold bitcoin for at least two cycles you will make great profits. I advise you to hold even longer though.

panganib999

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I dunno if it's Warren Buffett who said this and I can't be bothered to look up for it anymore coz frankly the message in this case is bigger than the person, but it goes like this: "The best time to invest is 10 years ago, the second best time is now." So what does that tell you? Well in the grand scheme of things, inconsiderate of the price chart and all that technical stuff it is always wise to stock up on assets that appreciate well, just like bitcoin for instance, who since its conception and launch have experienced a rather positive uptrend in value over time. So in any case, no matter when or what the state of the market is, investing in bitcoin will always be a wise choice in the long run, because the charts don't lie and there is just a huge possibility for profit over time if you invest on it. So don't wait, if you're thinking about investing in bitcoin, I suggest you invest as early as now because most often than not, today's price will always going to be the lowest price you'll ever be able to buy bitcoin for.

Crypto Library

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Quote from: crypticj on April 02, 2023, 11:36:08 PM

The simple answer: NO.
If you want to know more about this you can read the post I made, but eventually, the problem is that a lot of crypto investors are ignoring the macroeconomy when they say that bitcoin is going up and it's a good time to buy. The main problem right now is a bad economy in the US and high interest rates that make everything even worse.

So basically, if you want to invest money in bitcoin right before it will go up, you need to wait for interest rates will start going down and the economy will start growing. I think it will be the best signal we can get.

I won't recommend you buying bitcoin right now cos we will probably see it finding a new button among with stock market, but if you still want to do it, just DCA and it would be a good decicion too.

It is true that it is not a wise decision to invest by looking at the pump, but I think it is more applicable for short-term strategy. Because I also made a mistake when there was 63k in the market bull-run, I invested for short-term, then changed that strategy and now I have to change it to long-term.
But in current case I also think that the op does not seem to have asked this question for short-term trading. And if this is true, then I think that investment in bitcoin is not a bad decision now, because bitcoin is still far below its all-time high, so if someone wants to invest now, looking at the next halving for the long-term, then it is good. But if someone wants to make a big investment, I would also say to invest by maintaining a dca.

Fivestar4everMVP

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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.

Frankolala

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You can buy bitcoin at anytime, it all depends on your target price that you are willing to sell later in the bull run. If you have the funds,it is better to buy now because I guess this might be a lower price for now. As time goes on bitcoin price is increasing, if you observe the price since the year,it has always increase till 28+ and this will continue till bitcoin halving if am not mistaken.

After the halving comes the bull run,by that time your investment must have yield profit. If you buy now you can DCA to keep your investment. Take note there is a better chance of making huge profit when you invest in long term compare to short term investment.

Gladitorcomeback

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it will depends on you that what type of investor or short term because for longer time when you keep your coin hold then you will easily achieve your goal.

According to the prediction whenever halving occurs there is a greater opportunity for bitcoin investor to get profit because the price enhance more after halving. I think that for bitcoin investment you have not to wait for proper time because every time is a better time for investment in bitcoin as we have seen increase price each year.

We cannot say that the time for bitcoin investment is over because bitcoin cannot go more dip and is increasing in value more than previous cost.

QueenVera

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

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?

Investing in Bitcoin at any moment you have your money available is worth considering because Bitcoin investment should always be a very long investment that comes with you holding your bought Bitcoin for years. When you invest with such mindset then you won't be bother by the price movement of the market and you'll be at peace.
If the money you have to invest in Bitcoin isn't money that'll be needed for other emergency anytime soon then you can invest and hold but if something might come up that the money will be needed then don't invest yet because the market might drop. Last month gave Bitcoin lots of profit as it was a very profiting month for the price of Bitcoin.
This month could come with some corrections so you can wait for the market to finish correcting before you invest. If your investment isn't for the long run then you should wait in those correction.

Despairo

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Buying BTC now for investing is a good option, but buying BTC now for trading? I don't really know that.

Quote from: crypticj on April 02, 2023, 11:36:08 PM

The simple answer: NO.
If you want to know more about this you can read the post I made, but eventually, the problem is that a lot of crypto investors are ignoring the macroeconomy when they say that bitcoin is going up and it's a good time to buy. The main problem right now is a bad economy in the US and high interest rates that make everything even worse.

If we talk about macroeconomy, it's mean Bitcoin price is highly influenced by macroeconomy and there's always a correlation between Bitcoin price and gold, stock, fiat etc. But did you forget if many people are saying Bitcoin can be as a hedge against inflation, so technically when inflation increase, Bitcoin price increase too. So it's contradicts against your opinion.

crypticj

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The simple answer: NO.
If you want to know more about this you can read the post I made, but eventually, the problem is that a lot of crypto investors are ignoring the macroeconomy when they say that bitcoin is going up and it's a good time to buy. The main problem right now is a bad economy in the US and high interest rates that make everything even worse.

So basically, if you want to invest money in bitcoin right before it will go up, you need to wait for interest rates will start going down and the economy will start growing. I think it will be the best signal we can get.

I won't recommend you buying bitcoin right now cos we will probably see it finding a new button among with stock market, but if you still want to do it, just DCA and it would be a good decicion too.

Nrcewker

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Bitcoins are limited in number, mate. This means there is already a fixed amount of bitcoins created and circulated everywhere. No more bitcoins can be created or made, so this definitely makes bitcoins very valuable. Now the answer to your question can be easily found by you alone. If you are able to buy the coins under 30k USD, then consider yourself lucky, as once the demand for the coin increases, the price will skyrocket, and you won’t even get a chance to buy the coin at 50k USD either. So without wasting any time, accumulate as many bitcoins as you can and hold them for at least one year. Definitely, you will see 2.5x profit of your holdings in a year.

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