Topic: Is it alright to invest with bitcoin at the current market price? - page 7. (Read 1190 times)

It's always best to invest in Bitcoin.
I mean Bitcoin has yet to be in it's best figure, If you're aware of the circulating speculations in crypto space today, they are eyeing a $100k in 2021. That might have a chance to happen as speculations can influence market sentiments.
Take it for example those who bought Bitcoin at $1,000 while Btc was still $1,100, we never thought Btc could reach $20k in a span of 1 year. If you buy today at $11,000 who knows Btc will be $100k the next day. Though it's better to buy at a lower entry point, but we also don't know  If Btc will have another dip. It's better to at least secure fragments while Btc are still considered affordable.

aside from those precautions, there is really no right or wrong time to buy btc. as long as you are practicing the simple rule of trading - buy low, sell high, youre good to go. what it means is that as long as you are selling your btc higher than what you bought, few dollars or hundred dollars or thousand dollars higher, as long as you are on the gaining side, youre doing it right!
 so for me, there is no right or wrong entry in btc, as long as you know when to exit..

There’s always a chance for noobs to make money in crypto. The fiat currencies around the world are losing purchasing power over time & it’s going to get even worse with constant money printing. It’s never too late to but bitcoin, now is better than in a years time.

We’ve only just recently had the block reward halving too & it’s not taken effect on the price fully yet. If you buy now it’s likely you’ll at the very least double your investment by the end of 2021.

I think you should always seize the opportunity and if you can't see one, then make one! Therefore, I think you being hopeful that the price might drop in the future and that's when you're going to invest is not the best strategy.

At least in my opinion, as this often tends to lead to more procrastination and more reasons why now is not a good time to enter the market.

Remember, this is all about taking risk ad if you are risk-averse than you're not standing a good chance at making healthy profits.

It will depend on how long are you planning to hold your money. This will be a great time if you are holding for a long time and the money you would use is just extra cash, I hope it will go up in a few months. There are a lot of opinion here I hope you would not be drowned. I suggest to watch technical analysis about the future from legit sources, you would learn a lot on how some traders do it. There's a lot in youtube. You can decide for yourselves if you would believe their analysis or not.

If you are still not sure, and kind of scared to lose that much because you are trying to hold on for not too long, then its probably safe for you to wait for it go down. Just don't use the money you are using for the investment.

I think if you are a big investor you can invest here anytime. Problem is maximum here for short time invest high dividends. But actually crypto investment is not like that as this market is very much fluctuating. Here you have to invest for long term plan so that if market dump any time you can wait. Only think onetime how market pump from 4k$ to 12k$ so when market come dump and you sell all your holdings by upset you will be loser.

So be a good investor keeping patience in mind at any time. you will be succeed.

thanks.

If possible put a mark where you will buy an X amount of bitcoin, this will help you make a decision as prices will fluctuate and your target might not show up for long. Try to save an emergency fund and do not abandon all your other cashflow. Having an emergency fund helps in you down times, learn more about bitcoin.

It will depend on how long you wanna hold those bitcoin that you will buy during these kind of bitcoin market. The thing is if you are planning to hold it for a long time, years or decades, this will be a good time to invest into bitcoin. However, if you want to be involved with bitcoin a short term investment then it is surely not the best time for you to buy bitcoin.
You can wait until it reach 4digits USD again then, that should do.

As for my own suggestion and idea, it is too bad to join the hype/whale of the Bitcoin now and buy it at its current price point. More importantly, there are no actual guarantee if it will reach the 13KUSD ceiling price this month or even at the end of the year. As what most would say, it depends on you whether you would hold it for years or wait for it to reach 20KUSD price point again or not. But if you would to take suggestions, better wait for another 8KUSD bitcoin price (which seems to be much possible than going up).

Most people will wait for the price of BTC to go dip down again and start buying Bitcoin. But as of today, the price is still not moving at $11,000+ there is a high chance for this price to increase in the upcoming months if anything goes well. The only problem is, this is a high price and when it's not gonna rise as most people has speculated, whoever invests in the current market price will suffer a huge loss because no one really knows whenever the price will back again such as this one.

It depends if you plan on hodling Bitcoin for a longer time with the hope of achieving a predefined target profit in which case you will take greater risks if BTC's price moves unexpectedly below your acquisition price for a longer period of time in which instance you might want to liquidate and take your loss or hodl it on until its price rebounded at your target selling price.

But I think buying at the current market price would be ideal also if you plan on day trading,hoping to have small profits with BTC's daily volatility but as always, just remember, investing has its inherent risk. Imho.

Nobody knows the future. No one can guarantee that bitcoin won't or will crash in the next few days. You're the only one responsible for your decision. IMO learn more about it, find the fundamentals and value, whether bitcoin is gonna useful for the future or not, and decide from there. Ony spend the money you can afford to lose while investing, don't risk your lifesaving in it.

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?