Is it a good time to buy Bitcoin ? - page 3.

Oceat

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Quote from: ?? on ??

Buy bitcoin NOW, it is very clear that the Bitcoin Breakout price of $ 14000,
and now reaches $ 15000 easily, $ 1000 increase in just a few hours, don't miss the bullish 2021-2022 year,
I believe ATH will be achieved for Bitcoin and altcoins. HODL!

Lol, that's a big risk you are implying there although there's no right time to say when is the right time to buy but we should minimize the risk when it comes to investment. Just think about it, isn't OP is actually buying at the peak if you recommend him to buy during the pump? I wouldn't recommend it to anyone because minimizing the risk will always comes first. Although if OP did bought it already then at least he knows what he is doing by just hodling it until the bull run started.

Fatunad

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Quote from: slapper on November 05, 2020, 03:54:06 AM

I personally think it's hard for bitcoin to fall back to $10000 because there are so many supports around and definitely they will be the boundaries for the bear. However, if you accept the 30% risk, there is nothing wrong with buying bitcoin at this moment. Bitcoin is predicted to be even higher and therefore, buying bitcoin right now can give you a decent profit in the future. Don't hesitate to invest money in bitcoin because it is considered safe haven on the Internet which can compete with physical gold

At the moment, I am holding 2 types of cryptocurrencies: Bitcoin and Ethereum. I expect that my portfolio will multiply by 4 times in the next 2 years.

We cant say that it is hard to fall into that level because we had seen in the past on how we badly do crash but i agree that its hard to believe that we would go back again in 10k
considering on the current price we are into.Is it time to buy bitcoin atm? for short traders then for sure they would wait up for some pullback or price decrease but for those
who are going for long term then it doesnt matter on what level or price they would go in as long they do believe into the coin on where they had invested on.

darewaller

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It is always a good time to buy bitcoin, because bitcoin is the hedge against inflation and increasing prices of everything in the world and there is basically nothing else that could improve as well as bitcoin in the near future as well. I am not saying bitcoin is at the great price right now to buy, maybe it would have been better if you bought a few months ago when it was lower, we all know that, but what people are forgetting is that if you do not buy now, you are going to regret it few years down the line as well.

You saying "I wish I bought at 10k, I would have made some money now at 14k" will be the same thing in the future when you say "I wish I bought at 14k, now I would have profited at 20k" when that happens. Which is why stop looking at near terms and think more long term when buying bitcoin.

TitanGEL

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Quote from: Lucius on November 05, 2020, 06:12:09 AM

Quote from: Welsh on November 04, 2020, 05:49:49 PM

Quote from: Lucius on November 04, 2020, 06:59:22 AM

For anyone asking this question, investing in BTC is always good - but only with that money you’re willing to lose at any moment - for some people it’s still better to stick to fiat or maybe gold.

I'd say those asking similar questions to this, should probably hold off investing into Bitcoin, until they've learned more about it, and how much the Bitcoin market has swung back, and forth over the years. Its probably never a good idea to invest in something that you aren't at least a little knowledgeable about, and wont have your opinion swayed easily, especially when listening to those that are on a Bitcoin forum, because their outlook is likely to be more positive than a broad investor.

People make big mistakes because they have a mostly misconception about what Bitcoin is, and it is often described as magical internet money (used to promote in Hong Kong recently). When a moment like this happens and the price suddenly starts to rise, it is logical to create a FOMO effect that is ultimately fatal for some because they have no experience.

I absolutely agree that we who have been on this crypto forum for a long time may not be able to be completely objective in giving such advice, but I always try to be as objective as possible. In real life, I have had situations where I have helped people invest in BTC, but their ignorance and ignoring of all my advice has resulted in a financial loss due to improper use of crypto wallets or loss of backups.

That's why I say that for some it is better to stick to traditional investment, not because I don't want them to be part of the crypto world, but because they are simply not ready to be their own bank.

The ignorance is what makes people to lose their investment, they are just buying bitcoin because they heard it from somewhere that the price will increase and it considered as FOMO. It is good to buy as long as their is a plan wherein there is a right entry point and also a cut loss level wherein if the price did not materialized on what is your bias.

Financial education is really a big help when it come to investing, I pursue other to make investment there first before they started to buy bitcoin. There are still many opportunity in the market and they can easily get it if they have financial education.

Wysi

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I would say it's bit risky to buy Bitcoin now as we might witness fluctuations anytime when it's trending at ATH value of the year, if you want to take the risk then it should be backed by efforts as well when it comes to trading, you need to be glued to trading site to make sure you are in situation to convert it into stable coin in case of any unexpected fall.

If you are a risk take then you may go for it as the returns will also be good because noone of us us knows if Bitcoin will break it's ATH till date this time and if that's the case it would be more expensive to buy on a later date.

Lucius

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Quote from: Welsh on November 04, 2020, 05:49:49 PM

Quote from: Lucius on November 04, 2020, 06:59:22 AM

For anyone asking this question, investing in BTC is always good - but only with that money you’re willing to lose at any moment - for some people it’s still better to stick to fiat or maybe gold.

I'd say those asking similar questions to this, should probably hold off investing into Bitcoin, until they've learned more about it, and how much the Bitcoin market has swung back, and forth over the years. Its probably never a good idea to invest in something that you aren't at least a little knowledgeable about, and wont have your opinion swayed easily, especially when listening to those that are on a Bitcoin forum, because their outlook is likely to be more positive than a broad investor.

People make big mistakes because they have a mostly misconception about what Bitcoin is, and it is often described as magical internet money (used to promote in Hong Kong recently). When a moment like this happens and the price suddenly starts to rise, it is logical to create a FOMO effect that is ultimately fatal for some because they have no experience.

I absolutely agree that we who have been on this crypto forum for a long time may not be able to be completely objective in giving such advice, but I always try to be as objective as possible. In real life, I have had situations where I have helped people invest in BTC, but their ignorance and ignoring of all my advice has resulted in a financial loss due to improper use of crypto wallets or loss of backups.

That's why I say that for some it is better to stick to traditional investment, not because I don't want them to be part of the crypto world, but because they are simply not ready to be their own bank.

traderethereum

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With the increases in bitcoin price, it is not good to buy bitcoin because the price can get down without knowing how deep the price will go down.
Maybe you need to wait until the price makes a correction, and maybe the price will drop again.
But if you want to buy and sell, I think you can buy bitcoin anytime without waiting for the drop in the price because you only need to buy low and sell high.
It is not easy to find a low price in this situation because bitcoin moves going strong than before, but you might try by yourself.
With the analysis you have, maybe you can get the time to buy and sell, but you need to be careful.
Many traders sell their bitcoin at a good price this time because, finally, the bitcoin price can back to $14k. Even the price can touch $14,500 again.

justdimin

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Quote from: 3meek on November 03, 2020, 05:36:45 PM

I would have waited for the moment when Bitcoin can consolidate above 14K... If it happens, I would buy... Now it is risky to do so, because as you said there is a chance to buy it at 10K...

You sound too technical. I guess with respect to bitcoin trading cum investing calls you may take random shots by considering the market situations. Please note, if you have plans to hold bitcoins until it turns profitable then you may not need all the technical things to buy now. Still, buying after watching markets' potential to sustain above the resistance levels then you may go for buying.

Right now, bitcoin market seems strong above $14k still any short term pull back is possible as some traders may book profits before $15k as they do believe $15k must be another stronger psychological resistance level.

NeuroticFish

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This should be a very good period for buying Bitcoin. Halving has passed, a FOMO bubble is kinda expected, the price is on the rise, PayPal came with good news...
Still Bitcoin is a risky investment and overall anything can happen. Sudden ups and downs are part of Bitcoin markets.

This being said if OP is unsure about "when to buy", maybe he can invest smaller amounts over longer period of time ("dollar-cost averaging").

slapper

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I personally think it's hard for bitcoin to fall back to $10000 because there are so many supports around and definitely they will be the boundaries for the bear. However, if you accept the 30% risk, there is nothing wrong with buying bitcoin at this moment. Bitcoin is predicted to be even higher and therefore, buying bitcoin right now can give you a decent profit in the future. Don't hesitate to invest money in bitcoin because it is considered safe haven on the Internet which can compete with physical gold

At the moment, I am holding 2 types of cryptocurrencies: Bitcoin and Ethereum. I expect that my portfolio will multiply by 4 times in the next 2 years.

Emitdama

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Bitcoin is looking increasingly likely that it will breach over 15k once again, I am not sure if it will happen or not but I am sure that it looks like its closer to that happening more than yesterday. I don't know however what it means for us, just because it went over $14k doesn't really mean anything but just some people making profit, is there like an underlying another explanation for it? Is there like a "if we can break over $14k, we could also break over $15k" type of logic?

I don't know if breaking over $14k has any other meaning or anything but I know that it will definitely be something useless and worthless aside from just a tiny bit increase unless it is followed by something. We are already at $14.48k now, 500-600 dollar more is nothing unless it skyrockets after that.

Wulan_maniez

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Quote from: crypto1998 on November 03, 2020, 03:54:49 PM

Hello guys do you think now is a good time to buy bitcoin for trading in cryptocurrencies not for holding it
because the current price looks too high for me (13500$) but im affraid that if i wait it will go more higher to 16k-20k
do you think BTC can fall again at least to 9000$-10000$ or that's not gonna happen and i need to buy it at this price ?

Hi dude, since you wrote this thread, the price of bitcoin has now gone up to $ 14,256 in 24 hours from the previous price you have mentioned of $ 13,500.
We never know if bitcoin will drop to $ 9,000 or $ 10,000. It could happen, but don’t know when it will be. I think bitcoin is rallying towards $ 15,000.

error08

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Quote from: ultrloa on November 04, 2020, 06:45:17 PM

Quote from: STT on November 04, 2020, 06:33:51 PM

Quote

i need to buy it at this price ?

Buy it and hold for a year is viable, to buy shorter term is speculative. Last estimates Ive been reading is for a 2 year price accumulation which presumably means now is fine to buy, however thats the best case scenario and it might take five years for any positive to be seen overall. Quite alot of patience is required and the ideal is to use BTC rather then only hold it for storage, some countries their own currency is so bad that BTC seems entirely sensible always as its linked to the wider world rather then a failing national economy.

5 years is quite long but I think we can harvest a good result but for safe we should look for short term also so whenever there's something bad gonna happen we already recover the possible losses we get from holding for 5 years timeframe although this is just an speculative thoughts so for sure there will be more gonna happen I'm the past years.

According to current market condition, no need to wait for 5 years, you'll get profits if you buy now and wait for 1-2 months as bitcoin in the bull run right now, expected to reach $15K-$16k. Bitcoin succeed to break $14K resistance after a few times attempt and dips, now it's facing $14,500 resistance and $13,900 support level.
The volatility of the market is unavoidable, so just bear in mind to be careful and be patient wait for the right time to buy or sell at the right time according to your plans, manage the risk and your money.

ultrloa

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Quote from: STT on November 04, 2020, 06:33:51 PM

Quote

i need to buy it at this price ?

Buy it and hold for a year is viable, to buy shorter term is speculative. Last estimates Ive been reading is for a 2 year price accumulation which presumably means now is fine to buy, however thats the best case scenario and it might take five years for any positive to be seen overall. Quite alot of patience is required and the ideal is to use BTC rather then only hold it for storage, some countries their own currency is so bad that BTC seems entirely sensible always as its linked to the wider world rather then a failing national economy.

5 years is quite long but I think we can harvest a good result but for safe we should look for short term also so whenever there's something bad gonna happen we already recover the possible losses we get from holding for 5 years timeframe although this is just an speculative thoughts so for sure there will be more gonna happen I'm the past years.

lkjhg

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I don't know if it's the right time to buy Bitcoin, but mass adoption has already started,
Paypal, Twitter, etc. are trying to integrate blockchain in it, one of which is Bitcoin.
if you want to buy then you have to buy at a lower price, monitor prices all the time.

STT

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Quote

i need to buy it at this price ?

Buy it and hold for a year is viable, to buy shorter term is speculative. Last estimates Ive been reading is for a 2 year price accumulation which presumably means now is fine to buy, however thats the best case scenario and it might take five years for any positive to be seen overall. Quite alot of patience is required and the ideal is to use BTC rather then only hold it for storage, some countries their own currency is so bad that BTC seems entirely sensible always as its linked to the wider world rather then a failing national economy.

goaldigger

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Buy bitcoin based on your own research because its too risky to depend on any advices since we all have difference insight about the price trend of bitcoin. I can buy now and wait for the price to go up and that is because of my risk tolerance, so what is ok for me might not be ok for you. There’s no good time to buy bitcoin, all you just need is to know what is good for you and have your own investment strategy.

Johnyz

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Quote from: crypto1998 on November 03, 2020, 03:54:49 PM

Hello guys do you think now is a good time to buy bitcoin for trading in cryptocurrencies not for holding it
because the current price looks too high for me (13500$) but im affraid that if i wait it will go more higher to 16k-20k
do you think BTC can fall again at least to 9000$-10000$ or that's not gonna happen and i need to buy it at this price ?

There is no assurance for everything, bitcoin can go up or down no one can tell, if you are willing to take risk you can buy now, or if you think bitcoin is too expensive on its current price then wait for the price drop. Personally, i stop buying bitcoin because i already did this when the price is around 10K and now I’m just waiting for the right moment to sell.

Welsh

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Quote from: Lucius on November 04, 2020, 06:59:22 AM

For anyone asking this question, investing in BTC is always good - but only with that money you’re willing to lose at any moment - for some people it’s still better to stick to fiat or maybe gold.

I'd say those asking similar questions to this, should probably hold off investing into Bitcoin, until they've learned more about it, and how much the Bitcoin market has swung back, and forth over the years. Its probably never a good idea to invest in something that you aren't at least a little knowledgeable about, and wont have your opinion swayed easily, especially when listening to those that are on a Bitcoin forum, because their outlook is likely to be more positive than a broad investor.

ardentvolcanoes

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Quote from: onecall123 on November 04, 2020, 12:14:52 PM

Bitcoin is the best performing asset of the decade. Bitcoin has so much damn potential that invested in it much worth while. BTC is going higher and higher so pay attention to it. It's got the most solid potential to seriously multiply your money over the next few years. So far I'm hodling for years now and quite happy about it.

It's good for long term if you will treat it as your reserve investment but due to volatilities you need to plan ahead before taking your position.

For long term investors any time is good for buying bitcoin as the chance of rising the value are always possible to this coin after several years.

Make sure though that you are willing to take the risk in case something happened and affects the current rate, it happened before so anticipate

that it may happen again.

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