Topic: Is it safe to buy now? - page 3. (Read 385 times)

To me it's safe and better to buy Bitcoin when the price is down and sell when the price is low. The reasons why I buy when the price is down is that i can afford to buy Bitcoin according to my financial status. I sell when the price is high because I know I might have gotten profits from the amount of Bitcoin I bought when the price was down .

Maybe the author should ask the fortune teller, Lol.
Some of the ways traders determine to enter and exit are using either technical or fundamental analysis. Some tools in trading have been equipped with various analytical tools and need to be aware that the patern chart has been agreed upon by the world's crypto community. You should use that, even though analysis is only a small part of the success factor of buying or selling.
I think for now if BTC repeats candle 2017, maybe it will reach a new ATH again. I suggest to the OP, if you want to enter the market I think for the short term, because the risk is smaller.

Everytime is safe to buy, the main question is that  are you willing to take a risk for your investment?
Cause we all know that bitcoin is volatile we cannot predict if the price is still increasing or it will decrease, or Bitcoin will remain in the future.

This is mainly the logic behind trading not investing. When you trade, specifically in short term, you are looking for dips to buy in and to sell in a very short time afterwards.
However, when you make an investment you look at the long term potential of the asset and whether it has reached that potential yet or not.

Take start of 2020 for example. $7000 was not exactly the dip or the most optimal entry point because price went as low as $3800 after that.
In this scenario as an investor you shouldn't care about what possible dips can occur in short term but you should focus on how much potential bitcoin has at that point in time. Since $7k was still under-valued it made it an excellent entry point for an investor and if you had bought bitcoin at $7k back then, today you could have increased your money by about 10 times in only a year.

But for a short term trader, things are different. The same $7k price was a terrible entry because a trader wants to sell as soon as possible and take the profit out and shortly after we know that price dropped as low as $3.8k.

As I explained a simple question should be asked (which has a hard answer):
Is bitcoin under valued or over valued right now?

My only advice is that the only time that you shouldn't buy bitcoin is when it is in a bubble, otherwise you can buy it at any time and any price and in long term you will not be sad. Right now we are at least $340,000 away from being in a bubble.

Anyone who is capable of seeing can look at bitcoin ~12 year price history and realize how it moves.

Actually not advisable cause price can fluctuate so hard close to their early price. This happened when the market experience crash or really bad day from fuss and uncertainties. New investors entering a high price could lose a lot of money but also they could end up regretting not to enter since price could still sky rocket. No one can turn back time to bring back the price of a token with a very cheap price, but hence no one want to lose either. Its a risk that anyone should be prepared of.

If those investors can think about the future and what can happen to bitcoin, they will start to buy now and hold it for a while.
They will be wise to manage their time to buy bitcoin and only buy bitcoin when the price is down and not try to buy when the price starts to increase.
Those investors should know that after the price reach the peak, the price will go down and make a correction for a while, so that could be their good time to accumulate more satoshi.
Hopefully, they can use bitcoin for their long-term investment or use bitcoin for making money.

Do not encourage anyone to buy if you are still hesitant to do it yourself. The logic is correct that buy dips and sell high, but this is a trade you can recommend for beginners who are new to bitcoin. If they are investors then they will just focus more on getting long term profit where they may not really care about the bitcoin price when they want to buy it.

We are not responsible for encouraging anyone to get involved in this investment. If someone ask for your advice then it is better if you also tell them about the risk of this investment which is not only about price volatility but also security risks lurking.

The logic is true buying dip and selling high, but the main problem is when it should apply. No one could give you a solution to this question. If you ask me, then I won't buy Bitcoin right now. Most probably I will have to wait for a dip at least below $50K. But sadly we don't know either it will drop below $50K, or when it will drop. The decision is quite complicated and financial which only should be made by you or your financial advisor.

To be honest I am waiting for a few days to buy Bitcoin. But seems rather than drop more dip Bitcoin pumping hard and creating a new ATH few days gap. So ultimately I regret it why not buy before. So please think deeply about when you should take entry exactly.

It is not safe to buy if you are if you are going to play roulette.

If instead you are investing long-term in bitcoin because it is something you have studied, that you know its intrinsic properties, that you believe in its long-term future and its importance to human history, then the best day to buy bitcoin would be today. The second best day was yesterday, but you can't go back in time.

We are currently at a particular season when this question arises. Is it safe to buy now? In other words, is it safe to buy during an ATH? Or is it wise to buy during an ATH?

There is no straight answer to this since the ATH of today may not anymore be the ATH of tomorrow. Meaning, the answer could be yes. But it is also possible that after reaching an ATH, the price will correct. So it could also be a no.

But what is crystal clear, however, is that those who bought during the ATH of 2013, 2017, 2020, and early 2021 all made a profit. That is, if they met the single condition which is that they did not sell at a loss.

So going back to the question, is it safe to buy during an ATH? I'd say yes! The perfect time to buy Bitcoin is always now! But with one condition: that you are in it for the long-term. You'd experience a very rough ride but it will always be worth it if you just HODL.

On this note, we applaud those who bought at $20,000 during the 2017 ATH and continued to HODL until and beyond 2021.

The risk was always a partner in all kinds of investments, if you investors understand the basic risk of investing in Bitcoin, then, there's no problem at all.
We can't predict what will happen next, even when Bitcoin was at the price of $30k everyone was talking about "is this the best time to invest? " and then Bitcoin has been folded x times still asking and have fear to invest and yet they don't have the plan to invest because of fear.

So be it, and understand the risk, there's no safe at all, as long as you are holding until there's your profit come, you will be safe at all.

Others have set their target profit and held Bitcoin until it will reach the target, look around, Bitcoin has gained massive adoption and I think there will be new ATH will come.

But the price today compared to the price before is different so any new institutional investors would think twice to make sure they won't risk that much by investing in Bitcoin. It's not bad to hodl if you like to make sure your investment would gain much profit but let's not forget when to take profit. Although, this is a very good choice for day traders but for long time hodlers I don't think there will be a right time for them to sell their Bitcoin since they were just holding it like forever. It may depends on their personal choice I guess but whatever as long as we are confident with our investment we can do whatever we want with it.

And to OP, this question has been asked a lot during the ATH or bull run and the most common answer your would see is that "no one knows".

Depends on the buyer. But I think it's better to wait for the BTC price to drop again. Because logically we trade for profit. When the price of BTC goes down we buy and when the price goes up we sell again. The most important thing in trading we have to be patient and use logic. Don't trade because of emotions.

The topic of this thread is one question that has been asked one too many times on the forum. Perhaps this is selective as per the fact that, it talks about the new high, the facts that follows doesn't make it any less different from the previous high. Same replies, Same comments always goes. There is no best time to buy bitcoin, not even at a supposed dip because, that dip might turn out not to have been the deepest dip. For sure, your likely to make more profit from buying at a dip but, when your unable to determine a dip, your best chbace for safety lies in your investment plan.

Highs can be broken  at anytime and so, having a good investment plan, being able to let time pass for your plans ok a coin to actualize and you make profit becomes the point of it all. So, keep calm and pile up Satoshis when you can and while you can.

It's never 100% safe to buy. People encourage newcomers to buy, because they don't care if they can experience a loss or not. But if you tell people to buy and HODL, then you can do it at any time, because they will make profit in the long run if they don't panic sell.

I prefer not to encourage new investors to buy either and do not offer financial advice, rather I'll give you as much tools that I can and help you through to understand the basics of Bitcoin, what makes it valuable and what puts it ahead of the thousands of other cryptocurrencies, you can then make an informed decision to buy or not.

I'll personally buy at this price regardless if how high it is, but if I encouraged someone to, the market could change and they would likely react differently than I would.

I mean, I'll talk from a personal experience, but I personally also never experienced the dip so to say, because I invested and then waited for 2 years to even look at it. The name of the game is the long haul IMHO and that's where buying low or a bit higher makes no difference whatsoever, especially if you truly believe in your investment.

It's always safe to encourage people to buy bitcoin after you educate them the potential of it. But to encourage them at certain prices, you have to tell them that it can go down anytime after purchasing or up.

It lies to the decision of the person that would want to buy. As for us, we have no problem, we buy at tops and lows and it doesn't matter because we're long term visionary and holder of bitcoin. But to the newer ones, they find it hard to understand as they look at the peak prices and if they're aware of 2017, they might feel that it's not going to work if they buy at the peak.

The problem with every market is that no one knows when to expect a dip...

I think anyone entering or thinking of buying more needs to consider both the upsides and downsides of investing and not investing and try to gain confidence in not selling when the price drops if you're wanting to make a profit (ifsomeoje wanted the orchestrate a bull trap, they could probably still do it and knock the price down to scare investors - I'm not completely sure this isn't what happens in normal markets to make a crash so institutions/investors can buy cheaper)...

The logic for investment is buying low and selling high and currently Bitcoin has a new ATHs is it safe to encourage new investor to buy now seeing how high the price has gone? My fear for new investors is that the don't experience a dip after buying since no one is sure of how far the new highs will reach.