Is It Still Ok To Buy BTC At $43875 ? - page 3.

kotajikikox

full member

Activity: 2590

Merit: 228

Quote from: Ravichnadra on January 08, 2024, 02:04:12 AM

Edited Subject -

Not really know if i can buy or go for other alt coins

so Focus in Bitcoin mate , though you can add some altcoins but majority of your coins must be in Bitcoin specially that now it has low price comparing to the value back in the ATH.
I believe you can just carry your plans but please add bitcoin though.because it is the safest you can have in our crypto time now.

mich

legendary

Activity: 3122

Merit: 1032

#1 VIP Crypto Casino

Yes I do think we can still be ok to buy Bitcoin at price of $43,875. That is still less then what the most recent high was of close to $45,000.
We know we are going to get big profits anytime now when Bitcoin ETF is approved. And now Japanese e-commerce marketplace Mercari will soon accept Bitcoin as payments for more 'bullish news'.
https://coingape.com/bitcoin-payments-to-be-valid-at-japanese-e-commerce-giant-mercari-very-soon/

hugeblack

legendary

Activity: 2702

Merit: 4002

We are now at a crossroads, as there are only two days before we see any news about the ETF, which may move the price from the range of 52k to 32k. The opportunity to take risks now is great and the quick profit is promising.

If you want a short-term investment, wait until January 10 and place a buy order at $49,000. Then, if the price breaks the barrier of that level, the order will be executed and you will have won by selling it at 52k-56k. Otherwise, the order will not be executed and you will buy at levels less than $40,000 which will be a good start for long term investment.

rodskee

full member

Activity: 2520

Merit: 204

Never doubt investing in bitcoin mate , even if the price rose up to 50k usd mate 43 thousand
is truly high comparing to how much the price in the past year and why not we consider buying then? that is
the problem in most of people they tend to question the price when it is climbing but do not consider buying
when the price is lower? that is the bad idea and attitude of many of us.

peter0425

sr. member

Activity: 2618

Merit: 439

Quote from: Ravichnadra on January 08, 2024, 02:04:12 AM

Good Day to all!

Investing in Bitcoin or any cryptocurrency depends on several factors, including your financial situation, risk tolerance, and investment goals. Currently, the price of Bitcoin at $43,875 is high compared to historical averages, but cryptocurrency markets can be unpredictable and change rapidly.

Bitcoin remains volatile, and while it has shown growth over time, there are no guarantees in investing. Understanding the technology, the market trends, and the potential risks is essential. Consider diversifying your investments and not putting all your funds into a single asset, especially a highly volatile one like Bitcoin.

Lastly, consider your long-term investment strategy. If you believe in the potential of Bitcoin and blockchain technology and are prepared for the associated risks, investing a portion of your portfolio might align with your goals. But always proceed with caution and do thorough research before making any investment decisions.

Your own question is answered by your own post , so what are you really trying to imply here ?

43,875$ but look at the price now? it climbed to 44.100$ already so why asking this to be a not so good idea?

all investment is risky , so what more we need to understand and learn when you can expect risk if you wanted to earn better.

Majestic-milf

hero member

Activity: 1008

Merit: 629

It's obvious you aren't asking to know as you have the answer already. It doesn't matter how much Bitcoin is ATM, you can still purchase a little bit, depending on how much you want to start up with and continue your hodling journey. Bitcoin like you pointed out is a volatile coin and has the penchant to shoot up, which means no matter the price it is now, it can still go up and you'd still get profit; that's if you bought.
Some investors get dettered by the current price simply because they feel that for you to join the Bitcoin movement, you need to purchase 1bitcoin and this thought makes them miss out.
As you pointed out again, it's not advisable to put all your money in Bitcoin investment that's why we tell people to invest with what they can afford to lose.

retreat

sr. member

Activity: 1106

Merit: 391

If you already know the answer why bother asking again? The point is that if you believe in the potential of Bitcoin and plan to invest long term, you can start investing at any price and there is no such thing as too expensive or too late to start investing in Bitcoin.

Oshosondy

legendary

Activity: 1652

Merit: 1208

Gamble responsibly

You ask a question and also you answered the question yourself. If you know how to invest and when the invest and the reason to invest, why come up with this thread.

Quote from: Ravichnadra on January 08, 2024, 02:04:12 AM

Consider diversifying your investments and not putting all your funds into a single asset, especially a highly volatile one like Bitcoin.

I will not say people should not diversify but they should do it wisely. Altcoins are gambling, you can see how they increase significantly recently and now dumping significantly when bitcoin price is not really falling. Altcoins are gambling.

Ravichnadra

jr. member

Activity: 56

Merit: 3

Edited Subject -

Not really know if i can buy or go for other alt coins

Topic: Is It Still Ok To Buy BTC At $43875 ? - page 3. (Read 399 times)