Topic: Is it alright to invest with bitcoin at the current market price? (Read 1123 times)
October 21, 2020, 10:37:04 AM
Theres far better things to invest in.
October 16, 2020, 12:03:15 PM
for me anytime is the best time to buy Bitcoin, especially at its current price. Bitcoin has already taken the whole world by surprise by going to the moon to $ 20k. as the sage said; "the future is a mystery", I believe what they say..
One of the golden investment rules is "Never invest more than you can afford to loose". No one can predict if the price goes up or down.
right, everything comes back to each person, if you can't afford to lose then don't try because the future price of Bitcoin is difficult to predict.. October 16, 2020, 09:18:40 AM
One of the golden investment rules is "Never invest more than you can afford to loose". No one can predict if the price goes up or down.
October 16, 2020, 09:07:55 AM
I always invest a small amount in bitcoin, and I do it gradually when I have extra cash and I do it when the bitcoin price goes up a little and then falls back down and that's where I make my purchase.
I always make long-term investments indefinitely and I only make sales when the bitcoin price goes up and sell as needed, because I believe bitcoin will go up high and will double the bitcoins I have in large quantities.
I always make long-term investments indefinitely and I only make sales when the bitcoin price goes up and sell as needed, because I believe bitcoin will go up high and will double the bitcoins I have in large quantities.
Investing low and gradually as you put it is better for profit but the problem is knowing when it is low and that is difficult. When you look at the price at $11300, how to know it is low or high. You can enter with the hope of low now but maybe it is time to drop down
October 16, 2020, 07:16:56 AM
Bitcoin can not go back to $1 again, the worst we can see had come in March, $3900. If traders didnt use the advantage it could be over for a long time. Any price below previous ATH ($19500)is still a good buy. We should be conversant with history and cycle to decide when to take some decision in this space. The present price maybe high and may not give the size of profit from previous purchase but I am sure no investment may give that kind of return in the 18 months if you invest in cryptocurrency.
That's unexpected price pump happened and the ATH gotten for the past is really a good basis for us to believe that there will be more huge movement coming and I don't believe that 1$ price will come in future since for sure Bitcoin will gain more trust and will go to another level of adoption so maybe by now it's best to enter the market although the price is quite expensive still it's the best figure to reach up by now.
Investing on bitcoin in the current market price isnt a bad idea as long you do go for long term aspect but if in short term one then its better
to focus on buying the coin for the lowest price as possible but if you dont mind then theres no certain time for you to purchase it up.
Invest while you can since we do able to see on what Bitcoin is capable of.It might not be an assurance that it will really happen back into the
future but at least we do have the hope that it would be able to reach those levels or even more.Lots had already hoped but always remember
that always invest on the amount that you can afford to lose.
October 16, 2020, 06:02:40 AM
I always invest a small amount in bitcoin, and I do it gradually when I have extra cash and I do it when the bitcoin price goes up a little and then falls back down and that's where I make my purchase.
Same here and I was among the few who bought bitcoins when everyone was losing faith in March earlier this year and I always knew that the price will get up to real value and even if it doesn't I am not investing 1 million USD that I would be too hurt at all.I always make long-term investments indefinitely and I only make sales when the bitcoin price goes up and sell as needed, because I believe bitcoin will go up high and will double the bitcoins I have in large quantities.
For some reason I feel like you and me have a lot in common because I also sell small amount of saved coins when the price suddenly increases because after those sudden spikes the price comes down to a normal value. As a trader since a long time what I do now is to buy when a drop occurs and sell when a spike happens so I don't trade in the literal sense but this is kind of a trade too although I always save some coins and those small amounts of saved coins (which have accumulated to be a respected amount now) will be sold if ever BTC reaches crazy values.
October 09, 2020, 12:08:50 PM
I always invest a small amount in bitcoin, and I do it gradually when I have extra cash and I do it when the bitcoin price goes up a little and then falls back down and that's where I make my purchase.
I always make long-term investments indefinitely and I only make sales when the bitcoin price goes up and sell as needed, because I believe bitcoin will go up high and will double the bitcoins I have in large quantities.
I always make long-term investments indefinitely and I only make sales when the bitcoin price goes up and sell as needed, because I believe bitcoin will go up high and will double the bitcoins I have in large quantities.
October 09, 2020, 11:29:56 AM
Investing into bitcoin is not the same as trading bitcoin, you have to first decide which one you want to do before you put any money into crypto. If you want to trade, as in get in at the current price and increase it 10-20% and get out, that means it is trading and if you want to do that you may wait out a bit, or you may even get in right now because it looks like it could go up a lot as well.
I believe 10-20% is a big change for trader because from what I have seen traders feel pretty good with even a 2-3% change in price because the price of bitcoins is high and even a 2% change means hundreds of dollars change which is enough for a trader to earn their profits. I agree that it might be a smart move to wait out a bit but surely around the new year we will see a price hike in my opinion so even buying now is not the worst idea.However if you want to invest into bitcoin, like put your money in it right now and wait few years at least before you even think about selling, it would be easier for you to actually invest right now because you are at the very start of bitcoins big increase towards institutional investment to become a wall street thing, if you get in right now before that happens you are going to be very lucky.
You mean long term investments and for investing in long term I agree with you that anytime we can buy because we are not going to regret that we could have grabbed the same amount of bitcoins for a few hundred dollars cheaper.For a trader it is a big lose if they miss out on even a few hundred variance so depends on the need and the purpose of purchase.
October 09, 2020, 12:40:32 AM
Since you admitted to be a Bounty hunter then you should Only invest those money that gained from Bounties and not your personal money.
actually this is also what i did in my past bounties,all of them are being stocked in Bitcoin and until now i am holding them all for long term HODL.
This is a good idea but money you saved from bounties and other free sources will never give you the same confidence as investing your own money will because you will take better decisions when your actual and own money is involved and when you are holding only free earned coins that you sold and captured bitcoins you might be easily temped to sell when price drops.actually this is also what i did in my past bounties,all of them are being stocked in Bitcoin and until now i am holding them all for long term HODL.
So you are never late, get in right now if you want to and when it becomes 100k you can sell for x10, could it go down meanwhile? Sure it might but it still doesn't change the fact that you could sell it for a lot higher than other people who didn't buy can.
I love bitcoins as much as you do but aiming 100k is a bit too much because the price has been rather stable in recent times and there is really no reason to think that the price will reach 100k anytime soon and while it may actually touch 100k in maybe coming 5 years but really investing with such high hopes is a terrible idea in my opinion, be realistic with your approach and goals. 
October 09, 2020, 12:30:27 AM
@TremaineZack
$288k #Bitcoin price would put the market cap at about half that of gold. Not sure why so many Bitcoiners have trouble seeing this as a possibility. We have a long way to go even within our own community
https://twitter.com/tremainezack/status/1314274690781843465?s=21
What about the specific date when this will happen?that is something needed to answer because Bitcoin can even Reach a Million dollar value but that would happen long time from now.$288k #Bitcoin price would put the market cap at about half that of gold. Not sure why so many Bitcoiners have trouble seeing this as a possibility. We have a long way to go even within our own community
https://twitter.com/tremainezack/status/1314274690781843465?s=21
Bitcoin can not go back to $1 again, the worst we can see had come in March, $3900. If traders didnt use the advantage it could be over for a long time. Any price below previous ATH ($19500)is still a good buy. We should be conversant with history and cycle to decide when to take some decision in this space. The present price maybe high and may not give the size of profit from previous purchase but I am sure no investment may give that kind of return in the 18 months if you invest in cryptocurrency.
1$ is a impossible to happen because this has been the currency used of many people for more than 10 years now and even invested by popular people in the world.but we can fall down again lower because this is the trend,going up sometime and falling hard sometime.
October 08, 2020, 07:57:41 PM
Bitcoin can not go back to $1 again, the worst we can see had come in March, $3900. If traders didnt use the advantage it could be over for a long time. Any price below previous ATH ($19500)is still a good buy. We should be conversant with history and cycle to decide when to take some decision in this space. The present price maybe high and may not give the size of profit from previous purchase but I am sure no investment may give that kind of return in the 18 months if you invest in cryptocurrency.
That's unexpected price pump happened and the ATH gotten for the past is really a good basis for us to believe that there will be more huge movement coming and I don't believe that 1$ price will come in future since for sure Bitcoin will gain more trust and will go to another level of adoption so maybe by now it's best to enter the market although the price is quite expensive still it's the best figure to reach up by now.
October 08, 2020, 04:26:38 PM
Personally, I think that it's always ok to invest in bitcoin if it's price is 20% far from it's an all-time high. I think that way because to my mind bitcoin will always reach and surpass it's all-time high. In any way, it's always hard to decide best time to invest in bitcoin cause it's a thing that changes price very often and there are moments when you think: oh, this coin falls so much, I think it will still continue fall and I'll invest later or this coin can't get back to high price for a long time and it may be an end. Also some think like bitcoin is so high that it doesn't worth to invest right now but then it happens like coin steadily continues rise and rise and that's a moment when users make mistake and invest in a bad time.
October 08, 2020, 03:04:20 PM
Bitcoin can not go back to $1 again, the worst we can see had come in March, $3900. If traders didnt use the advantage it could be over for a long time. Any price below previous ATH ($19500)is still a good buy. We should be conversant with history and cycle to decide when to take some decision in this space. The present price maybe high and may not give the size of profit from previous purchase but I am sure no investment may give that kind of return in the 18 months if you invest in cryptocurrency.
October 08, 2020, 02:47:10 PM
@TremaineZack
$288k #Bitcoin price would put the market cap at about half that of gold. Not sure why so many Bitcoiners have trouble seeing this as a possibility. We have a long way to go even within our own community
https://twitter.com/tremainezack/status/1314274690781843465?s=21
$288k #Bitcoin price would put the market cap at about half that of gold. Not sure why so many Bitcoiners have trouble seeing this as a possibility. We have a long way to go even within our own community
https://twitter.com/tremainezack/status/1314274690781843465?s=21
October 08, 2020, 02:44:10 PM
Last year, Bitcoin showed the worst results compared to this year, but nevertheless, the Bitcoin yield was 92%. According to statistical data, these indicators of Bitcoin surpassed even more familiar assets for investors in terms of their profitability. I believe that we should take more seriously the situations that definitely have an impact on the bitcoin rate and, first of all, we are talking about halving, geopolitical risks along with the depreciation of national currencies and the election of the US president. So perhaps today one of the last chances to invest profitably in Bitcoin. profitable to invest in Bitcoin.
October 06, 2020, 04:25:15 PM
We tip toe through a mine field still imo, I dont think its clear. What I'd expect from breaking a negative trend is a fairly noticeable appreciation, a large green candle on most charts. We dont have that because we are still in tangle of indecision.
So this is 4hr bars, just short term and we're through a trend, below weekly average but above the monthly momentum. I dont count this negatively especially until its closing the 4hr bar and maintaining back below that trend. Even then we are drifting around the 10500 pricing, crossing back and forth in no mans land. Maybe Im too cautious to go out on a limb here but I dont feel price action is bullish for the moment. All of this is below 50 day average is the simplest clear view.
So this is 4hr bars, just short term and we're through a trend, below weekly average but above the monthly momentum. I dont count this negatively especially until its closing the 4hr bar and maintaining back below that trend. Even then we are drifting around the 10500 pricing, crossing back and forth in no mans land. Maybe Im too cautious to go out on a limb here but I dont feel price action is bullish for the moment. All of this is below 50 day average is the simplest clear view.
Most of the time when the market doesn't break resistance for 2 weeks it's usually going to break the support. Weekly chart actually tells the opposite of bullish and I think its this chart that traders should be looking at every time beffore diving into the daily chart. The RSI should be a good indicator to look at which I guess we are going to dive to $9k again. Probably so but this is just mine assumption. I don't know what others will think of it.
October 06, 2020, 03:59:32 PM
We tip toe through a mine field still imo, I dont think its clear. What I'd expect from breaking a negative trend is a fairly noticeable appreciation, a large green candle on most charts. We dont have that because we are still in tangle of indecision.
So this is 4hr bars, just short term and we're through a trend, below weekly average but above the monthly momentum. I dont count this negatively especially until its closing the 4hr bar and maintaining back below that trend. Even then we are drifting around the 10500 pricing, crossing back and forth in no mans land. Maybe Im too cautious to go out on a limb here but I dont feel price action is bullish for the moment. All of this is below 50 day average is the simplest clear view.
So this is 4hr bars, just short term and we're through a trend, below weekly average but above the monthly momentum. I dont count this negatively especially until its closing the 4hr bar and maintaining back below that trend. Even then we are drifting around the 10500 pricing, crossing back and forth in no mans land. Maybe Im too cautious to go out on a limb here but I dont feel price action is bullish for the moment. All of this is below 50 day average is the simplest clear view.
October 06, 2020, 03:20:27 PM
Yes, unlike the price it is always good to invest into bitcoin. As for concerned bitcoin market volatility is found throughout, and people are known about it. At times the market fluctuation is being used as an opportunity to manipulate by the Whales. This manipulation at times help the low volume holders to make a buying. So, we need to wait for the right opportunity to buy.
Manipulation of the BTC market does not happen now I am quite sure because the market is so saturated and large that a single whale has lost it's ability to swing the market on their own. Also each time a whale manipulates the market they sell a big part of bitcoins which means that the market becomes more and more fluent and liquid because the lesser whales we have the lesser chances are there for anyone to change the market at their will. Maybe in small crypto pairs this is still going on as someone can occupy a large number of coins and then easily play around to start a bull and bear run at will but surely not in bitcoins in current situation.I always think any time to buy bitcoins is a good idea but only if you have the patience to wait at least 6 months because if you panic too early then you might end up in loss as some investors liquidated their holdings in March and we all know that drop in price was caused because people used the cryptocurrency as a source of liquidity for their livings.
October 06, 2020, 10:58:23 AM
The truth is no one knows when will be the market price could soar high again. If you are so sure to invest in bitcoin you are good to buy but make sure just invest only on what you can afford to lose. The market is volatile and we don't know what will happen in the coming months. If in doubt, you may wait for a little to drop about the current price of bitcoin. Analyze the situation first so you can decide on your own.
October 06, 2020, 08:42:46 AM
There are tons of people who asked the same question to themselves 5 years ago when the price moved from 200 dollars to 1400 dollars and everyone said "do not invest now that it is high" and they waited, did it fall down? Sure it did but look where it is now as well, it is above 10k, so if you invested at 1400 dollars when it peaked in 2014 you could have sold it for 10x profit and we are talking about the days bitcoin becoming very famous as well, by 2014 a lot of people heard of it and wasn't really unknown small thing.
So you are never late, get in right now if you want to and when it becomes 100k you can sell for x10, could it go down meanwhile? Sure it might but it still doesn't change the fact that you could sell it for a lot higher than other people who didn't buy can.
So you are never late, get in right now if you want to and when it becomes 100k you can sell for x10, could it go down meanwhile? Sure it might but it still doesn't change the fact that you could sell it for a lot higher than other people who didn't buy can.
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