Is it alright to invest with bitcoin at the current market price? - page 4.

TimeTeller

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Quote from: onecall123 on September 03, 2020, 12:17:49 PM

Quote from: ttcsalam on September 03, 2020, 08:12:43 AM

The current market price is not stable.I don’t think this is the right time to invest in this situation.Can wait a few days.Investments can be made if the market trends are right.So one should think before investing.Every year the market goes down a bit at a time I think is the best time to invest.

This is absolutely fine, this is normal volatility in crypto, good thing that the market don't keep move up. Crypto market are volition that’s where you make your money. BTC had a really ordinary dip, however alts dived much deeper. It's consolidating before it starts heading up so it's up to you whether you make invest or not.

If you are an investor, you need to be prepared in a situation like this.
Like when after you bought, suddenly the market goes down.
What will you do? Don't panic. Because if you believe in btc or the alt where you invested your money with.
This is one of the challenging parts. Don't sell your coins for fear that it will go down more.
But have faith that the market will recover and will go up again. Remember the situation is not forever.

posi

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Quote from: lumeire on September 03, 2020, 12:24:33 PM

Quote from: posi on September 03, 2020, 10:24:49 AM

Every time is good to invest in cryptocurrency especially when it strong potential coin and what matters the most is the investor's personal knowledge about crypto investment though we're currently in a bullish market but the market can be surprised at times. However, people believe the recent exchange allegations were the reason for the dump in the price of the market and it will be decision to seize the moment.

It's not always wise to invest in the cryptocurrencies at any time possible, I guess we have to wait for the dumps or the dips and then invest in these coins. Pumps are not the greatest of times to invest in the cryptocurrencies as most of the times the pumps get overbought and then we end up buying the coins at a really high marked up price. I also wait for the dumps for getting a good entry in the Cryptocurrency and always do my homework before investing in a token as often there is more to the project than what meets the eyes, so it is better to do research than regretting your decision of investing later.

You make a good point but good coins usually make new ATH sooner or later even when they are overbought in the current market and this is the reason why good knowledge in coin selection and investment is needed because what need is to switch the invested coin for long term market rather than panic sell. An example is 2016 market when BTC was sold at $600-800 price range, the ling term investors that bought then make an extremely good profit

lumeire

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Quote from: posi on September 03, 2020, 10:24:49 AM

Every time is good to invest in cryptocurrency especially when it strong potential coin and what matters the most is the investor's personal knowledge about crypto investment though we're currently in a bullish market but the market can be surprised at times. However, people believe the recent exchange allegations were the reason for the dump in the price of the market and it will be decision to seize the moment.

It's not always wise to invest in the cryptocurrencies at any time possible, I guess we have to wait for the dumps or the dips and then invest in these coins. Pumps are not the greatest of times to invest in the cryptocurrencies as most of the times the pumps get overbrought and then we end up buying the coins at a really high marked up price. I also wait for the dumps for getting a good entry in the Cryptocurrency and always do my homework before investing in a token as often there is more to the project than what meets the eyes, so it is better to do research than regretting your decision of investing later.

onecall123

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Quote from: ttcsalam on September 03, 2020, 08:12:43 AM

The current market price is not stable.I don’t think this is the right time to invest in this situation.Can wait a few days.Investments can be made if the market trends are right.So one should think before investing.Every year the market goes down a bit at a time I think is the best time to invest.

This is absolutely fine, this is normal volatility in crypto, good thing that the market don't keep move up. Crypto market are volition that’s where you make your money. BTC had a really ordinary dip, however alts dived much deeper. It's consolidating before it starts heading up so it's up to you whether you make invest or not.

Ozero

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Chainjoes.com

After the first halving of the remuneration to miners for each new mined block of bitcoin in 2012, the price of bitcoin increased a hundred times during the year. After the second decrease in 2016, the price increased thirty times by the end of 2017. This time, the Bitcoin price is expected to rise tenfold, that is, up to one hundred thousand dollars.
Each of us is given the opportunity to use this information, or ignore it.

posi

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Every time is good to invest in cryptocurrency especially when it strong potential coin and what matters the most is the investor's personal knowledge about crypto investment though we're currently in a bullish market but the market can be surprised at times. However, people believe the recent exchange allegations were the reason for the dump in the price of the market and it will be decision to seize the moment.

lebregone

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Many were not able to profit because they keep on waiting for the market to crash because we will not know whether there will be a big setback to happen or the market will continue to rise until reaching it's peak.

The right timing to buy is the most important but many are having difficulties in finding the right timing therefore it will be best if you will just buy now then hold it for a long term one if you fully believe the capacity of bitcoin.

beerlover

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I would say as long as you change your perspective of the regular economy, you are already ahead of billions of people and you do not even need to invest to get ahead. You just need to realize that bitcoin is a way out, that is one way out and there are other ways out as well but you gotta realize you have to get out.

Regular economy with stock markets and all the stuff like that actually hurts you, these are built to make the rich richer and poor poorer and it will always be like that, as long as you do not understand that, you will be a slave to CEO's of companies and all you will make is enough to live, you think slaves 2000+ years ago didn't have enough food? You are just a slave like them with netflix and that is about it, a modern slave if you will. Bitcoin can get you out of that.

ChiBitCTy

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Bitcoin isn't just about "investing" and bitcoin is inherently NOT an investment. Now like many other currencies, such as literally every fiat currency currently are all means of investing, so it's important to note that while they've become an investment, first and foremost bitcoin is a digital payment system.

There is often many test you can run on stocks where you can see if they are good buys or not, bitcoin doesn't have that same type of set up. Bitcoin is a volatile asset and I certainly think we will see bitcoin fall again, likely well under 10,000, but I also see it's future upside as massive so I think buying in now is not a bad idea at all. I could easily see it shoot up to ATHs again before long.

ttcsalam

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The current market price is not stable.I don’t think this is the right time to invest in this situation.Can wait a few days.Investments can be made if the market trends are right.So one should think before investing.Every year the market goes down a bit at a time I think is the best time to invest.

Wenbing

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There is gold in volatility..

Quote from: erikoy on September 02, 2020, 03:26:38 AM

Cryptocurrency is a high risk form of investment. In fact some had made high losses based on the stories of some users here who were selling their house and taking huge loans and lost it all investing in cryptocurrency. I do not really know if they were true about on things they told but pretty sure there were losses made here with other users investing in cryptocurrency especially in ICO projects. On the contrary there are some users posts inspire others to invest due to the high return that they had made in cryptocurrency investments.

Bitcoin is the leading crypto that had made the success of others in their investment. This is why I wanted to join in this kind of investment. I have tried invested small amount and made a lesser returns as profits but that was already enough to make a conclusion on how to earn with bitcoin. Bitcoin investment could be the reason for losses or gains. It will depend on how you do the investments.

As a newbie in bitcoin investment for I was actually a bounty hunter taking opportunity to earn from the rewards that consider as payment. The problem is that bounty hunting is not that really earning and it is just a waste if time and money except doing signature campaign that pays btc. While doing signature bounty campaign, it triggers me the interest or plan to invest in bitcoin. I have somehow evolve my perspective to bounty hunting to bounty hunting at the same time doing bitcoin investment.

The signature bounty I joined will help me to always keep in touch with the forum for bitcoin news and current events. Others are saying that bitcoin is going for a bull run and that will let me of course earn but the current market price now which is 12K$ is a bit higher. This is why I am itching to buy in bitcoin however I am also thinking of probable losses due to current market price which is high for the moment.

This is the reason why I made this post to see your replies that could help me decide. Again I had stated above that I know bitcoin has high risk and willing to take it. The questions is that "Is it still best time to invest now with the current market price? Or will wait for bitcoin market to crash? What do you think?

Great post.

Here is what I think about entering the crypto market.
1. You can make a loss when the price is low.
2. You can make a profit when the price is low
3. You can make a loss when the price is high
4. You can also make a profit when the price is high.

What determine profit or loss is your KNOWLEDGE of crypto trading which is hinge on crypto volatility strategy.

Ridwan Fauzi

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Back to your intention, if you just fine and now the risk when you store money in bitcoin then go it. There is now the best way and to invest, bitcoin price is so volatile as you can see last day bitcoin price was increasing and touch the strong support but now it is price just decreasing don't know where the price will go.

But you may need to choose long term and short term investment. By doing choosing them you may need to knos some theory, like if you will choose short term investment then you have to buy bitcoin at the lower price so you will get profit in the short term. Unless you will choose long term investment like one year or more then I think don't need to find the low price because if you believe with some speculation/prediction out there, they will be many people who believe that bitcoin will have a high price like 100k and more.

LogitechMouse

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As of today, Bitcoin went down to $11,300 right after its price went to $12,000.

Either way, it will depend on the 2 things.
1. Time frame on how long you will hold your Bitcoin.
2. Risk tolerance.

These 2 are important especially the risk tolerance. Most of the investors right now doesn't know how to manage their risk. If you can't see Bitcoin falling and you panic easily as you see its price going down, use small amount only and vice versa.

Reatim

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I think it's legal and okay to invest in bitcoin in a market like this. what we need to understand is that no one knows how bitcoin is in the future. and for sure we all hope bitcoin will be stable and legal in all countries

The Last 10 years of Bitcoin existence is enough to understand what can this give to us and what its capability to Go up more than the last Highest value recorded.
time after time this happens though this Pandemic had Hinder the recent halving effect but still there might good to come.
never underestimate the capacity of this currency because Many people had regret theirs back in the years.

Quote from: pakhitheboss on September 03, 2020, 05:48:10 AM

In my opinion, the best time was when Bitcoin was below 10k but as they say anytime to invest in Bitcoin is considered the best time. Therefore do not stop yourself and invest in it. Bitcoin will reach a new ATH soon and if you do not invest now you might miss the opportunity.

You are wrong mate,because what about now that the price is higher than what you waiting?then we should not invest?
then how about spiking the price starting tomorrow and start hitting the $20,000 again?then we will blame the market?

Leviathan.007

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The moment when price goes down or better to say falls down the is the best opportunity for the investors to enter the markets. According to this thread here: https://bitcointalksearch.org/topic/police-reportedly-seize-south-koreas-largest-crypto-exchange-bithumb-5273079 made by bitcoinst, Police Agency has reportedly seized South Korea's largest crypto exchange Bithumb for alleged fraud. As you can see on the market, these negative fundamental news effected bitcoin price and maybe this is one of the best prices to enter the market. I remember when when bitcoin price jumped from 9K channel price to 10K some people saying "it's too late for the investing" While the price touched 12K just a few days after that and the were feeling regret. If I wanted to take a lesson from the past I would enter the the bitcoin market even with the current price. However, to be more conservatism people can wait for the market stability before entering the market.

Kelvinid

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The common mistake why most investors have lost their money after investing is that because they start accumulating Bitcoin when it is already at the surge, just what we have now. We know already the possible case scenario that will happen next and that is a chance to dump at any moment. Though we don't have that assurance, but usually this is always happening and people started to get crazy then sell their Bitcoin.

But if you are pursuing yourself to buy Bitcoin this time, you are facing the high risk and hoping that you won't get affected if there is declining sentiment comes.

NeuroticFish

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Quote from: erikoy on September 02, 2020, 03:26:38 AM

"Is it still best time to invest now with the current market price? Or will wait for bitcoin market to crash? What do you think?

It depends from person to person. Some will never invest telling that's expensive, some have invested at ATH and they're crying now and many did invest in all other times (and most are happy)
The best is to make sure you invest only money you afford to lose (or keep locked into Bitcoin for longer time) and invest at various different moments.
I've read a nice tweet not long ago, it tell is well:

Quote from: https://twitter.com/BitcoinCarl_/status/1301195559651467267

Yeah I bought the $12k top yesterday.

I also bought the $10k top back in June.

I also bought the $7k top back in March.

See how this work?

#bitcoin

pakhitheboss

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In my opinion, the best time was when Bitcoin was below 10k but as they say anytime to invest in Bitcoin is considered the best time. Therefore do not stop yourself and invest in it. Bitcoin will reach a new ATH soon and if you do not invest now you might miss the opportunity.

wanted sliter

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If in doubt, invest 1/3 of your money and spend the remaining 2/3 of your money observing the market. If the crash you can buy in, do not forget to look at the bitcoin chart and consult the evaluation analysis on reputable websites.
Or if you believe you will be rich with bitcoins, buy them at their current prices, keep them for years.

verita1

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After seeing how we are overcoming the crisis of the pandemic I do not believe that the price of Bitcoin will collapse. Bitcoin is like a great colossus within the crypto market. As is known, investing in bitcoin and crypto is a risk due to its volatility, you must be cautious.

An analysis like the one shown in this tweet tells me that the price of bitcoin is in access. Which makes me optimistic, there are many tools that we can use to keep an eye on market behavior.

https://twitter.com/100trillionUSD/status/1300690235077128192?s=19

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