Topic: Is buying BTC now, the best option ??? - page 9. (Read 1580 times)

Yes, bitcoin is probably the best investment option among cryptocurrencies. But as you said, you need to learn to understand market conditions first, which can take years. During that time, you usually make a lot of mistakes, which can be called experience. And only after that comes the understanding of your actions. For example, market manipulation encourages you to buy bitcoin when it is expensive. But for some reason few people talk about cryptocurrency at all now, because no one wants to make everyone rich.

That's called a wrong investment strategy, there are no cases of loss when people know the best way to invest, buying and holding bitcoins until they reach the desired target is the best way to achieve profits, if after the buying process the market has decreased, then it's just a matter of waiting for the next price increase.

That's why many people say bitcoin is the best asset for the long term and losses depend on how one understands the market, unless people invest in other coins and it's hard to see the same moment as often happens in bitcoin. Basically investing in bitcoin is very easy, but many people misunderstand market conditions and are not used to falling prices, so in these conditions they try to make the wrong decisions.

You are right that you lose nothing unless you sell bitcoin at a loss. But many people invest the money they might need at any time. That is, money that cannot be risked. Cryptocurrencies are attractive because it creates the illusion that you can get rich quick just by buying coins. But when the market starts to fall, most sell at a loss.

Why fearing for losses? You did good research right? You know that Bitcoins are limited in numbers, that is more Bitcoins cannot be produced or created. So this makes Bitcoins very much rare. Now if you don’t buy and hold the Bitcoins then how you gonna make profit when the demand for the coin increases in the future? In order to fulfil the demand, the price has to go up, and hence if you have any Bitcoins with you, then you will sell that in high price. And profits come with risks only, so yes you need to take risks. Now when we talking about Bitcoins, any kind of risk will be sure and calculated risks. Just you need to be patient.

Buying Bitcoin every time you have the extra funds is the BEST OPTION! lol. Seriously though, this strategy works like magic. Just don't go investing amounts that you cannot afford to lose or funds that are already needed for some necessities. Trust me, this method gives less headaches and good profits over time, no need for stressing yourself out with trends, strategies/trade plans, technical analysis etc., etc. That is, if you aren't a day trader. If you are, then it would be best to depend on your own trading plans and technical analysis.

People who are investing in bitcoin are not that they don't care about risk, they are taking risks for greater rewards. And moreover, they only invest with the money they can lose, which shows that they are very risk averse, if really they are not as afraid as you say, they have already borrowed money, they have sold their house, sold their property to all in bitcoin.

Well, I believe that all investment is risky, most especially if you never know what you are doing. But that really matters? Not really, I would say that people are investing in Bitcoin because it was a profitable investment. They don't care about the risk instead, they look at what they will get from having this in their life. Because the more we think about risk, the more it influences our minds and even drags us to think negatively as well, it has a mental effect and it was difficult if we have this.

If we are buying Bitcoin, make sure that we have trust and faith in this, otherwise never expect success.

We should know that once invested, there is a risk not only with bitcoin but with any asset there is a risk. Therefore, as long as we are ready, we should invest immediately, do not hesitate because the longer we wait, the opportunity will be taken away by others. If we are afraid of losing money, do not expect to make a profit, there is nothing in this world that is both safe and profitable, everything has to be traded to achieve it.

To be fair, Bitcoin is a risky investment, but its returns are higher than any other investment. OP, as I said, don't hesitate, the sooner you buy, the better for you.

People with the mentality that the time isn't right are always procrastinators and they don't achieve anything in life. If you buy now and the market dumps, it doesn't mean you're in loss. You can only lose when you sell your coins in losses but if you hold your Bitcoin until the bull market returns then you'll be back profit. Holders never lose and it's less riskier than trading.

Investors that have developed the habit of holding are the most successful people in Bitcoin history. Not even the traders comes close to their success. You might never see Bitcoin at the price it is today again so why not buy now that it's trading for this low or do you want to panic and buy when the fomo is high during the bull market.

Buying bitcoin at any time there will be a fear of loss because the price can drop at any time, but if we don't buy then the opportunity to get profit will never happen and if there is an increase in price we can only see other people get profits.

I think buying Bitcoin now is a good idea, a best option more than other coins on the crypto market. I also think it is a good idea to buy Bitcoin for others to get them into investing in it
Bitcoin is a great gift and a really nice thing to give to somebody you care about. So many gifts I give to others are disposable and probably just end up not used. I hate to think of all the cheap plastic gifts that people give others that become trash all over the world.
The reality is you're helping them invest in a technology that is truly revolutionary. And you are going to help them make profit from hodling.

Buying this whole year would be best imo, how to spread out & strategize the best pricing during that time is more complicated in estimation and execution.   I think this whole phase in BTC cycle is valid to buy during, its much harder to buy during any hype which generally matches the highest pricing.  Far easier to take the time now to be long term optimistic even when challenged by news and sentiment applicable this week or month but not especially important longer term.
   Its hard to say or explain I think, much easier if you are familiar with how BTC waxes and wanes in each season of its gains or losses.  My take for this year if you can buy on any dip its not a bad idea and should reflect well in future years though we can always pullback, 2023 is consolidation and strengthening improvement via confirmation of volume from 20k to ATH.

It is slow on slow days, but we all saw it on fast days and we all know that it will do amazingly when the time comes. It's obvious that people are doing great job understanding how it is working right now and people just forget that there is a reality about bitcoin where it could move to a point where it's making you profit but then end up not being that great at all eventually as well.

I hope that the best thing to do in this case would be just waiting for it to have a fast day. Sometimes when the market wants to go up, I can say that it goes up 10% or more in a single day, and even sometimes within a few hours, and those days are rare but those are the ones that make it a bull run.

Yes halving will take place in next year and the price will get more elevated but as you mention that the price is 28k$ so now it reduce to 27k$. It does not refer that it will reduce more from 27k$ because the movement of price is unpredictable.

You can buy bitcoin anytime there is no restrictions on buying but one should think about the beneficial effects that in what price it will be worthy for you. Give time to investment and leave the rest of situation for the next bull run.

You can buy it at this time in this worth for long time because they value will be boost very soon.

Firstly I think best option and safest option are two very different things! The best option could well have been to buy Bitcoin at $15.5K, or even start of the year based on Bitcoin's 4 year cycles, but only time will tell if this turned out to be the best price or not. Buying into a bear market reversal isn't the worst idea, which arguably by many metrics was around $22K/$23K, or otherwise re-testing $20K as support.

The only issue with right now with price around $28K is that it is right below previous support that could well end up being confirmed new resistance. If anything there is a better argument for waiting for things resistance to be breached and buying >$30K if you're wanting to play it safe, or otherwise a correction to $25K in order to turn it into new support. Between $25K and $30K is a bit of gray area.

Ultimately dollar cost averaging is one of the best and easiest ways to accumulate Bitcoin during a bear market. For example if you had done DCA for past 300 days since June when price was under $30K, you'd have an average of around $21K, which right now is looking quite healthy. Or even since BTC initially broke $30K 330 days ago in 2022, it'd still be under $22K. Or even since Bitcoin was 50% down from it's highs around $35K, dollar cost averaging would still be under $22K. It might be a bit late now to be suggesting DCA in a bear market now price is reversing, but food for thought for next time maybe!

Others will tell you that the best day to buy Bitcoin was yesterday, which while true in a bull market, is probably the opposite in a bear market. In a bear market, the day after is probably a better day to buy  

Actually when we say it's bitcoin i always say they are the best choice and I have emphasized that at least for myself since a few years before so that with the current conditions it is still quite cheap (although it has increased a few percent) but I can still say they are still worth it to buy. The conditions will not change I think for me because in this case even though for now we know bitcoin is still a matter of debate for most people especially skeptics but as long as I stay here I believe bitcoin remains one of my best assets and things like this it's still worth maintaining and still very able to buy.

The type of investment that is successful is to act faster without thinking much, while an observer he only observes and guesses the price but does not buy, it has been proven that the most profitable investment and in the shortest time is bitcoin, if we invest bitcoin now then the potential for profit is 100% we can get it in a year or less.

Don't just look at the current price of Bitcoin instead, think about the better future of this project. In fact, when the price of Bitcoin is just $1, people never think about it becoming $10k. They got opened their minds when another ATH comes and eventually changed their views and respect for Bitcoin. If you are keen on investing long-term, Bitcoin is a great choice. Think about what happened before and make it a reason why it was one of the best coins to choose from because even if it was at $29k or $30k, imagine of how much you earn if it reaches $100k 2 years from now.

If we keep thinking the time is right then we will never buy, I think it's better to buy immediately with the money we can consider lost, then hold until the profit target can be achieved, many people always hope to buy cheap, but when the price is cheap comes so they think keep waiting then the price goes up and he regrets it then hopes to buy again when the price is low.

You and I understand that bitcoin price fluctuations in not predictable,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.And the DCA to grow ownership by buying it periodically according to the bitcoin price situation.Is when the price of bitcoin drops,it is a good time to increase DCA buying and return to normal when the price is out of limit or start to recovery and the of long term.accoding my bro regarding strategy, your advice on DCA is good.