Is it too advanced to get into Bitcoin now?

MFahad

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Quote from: Moreno233 on February 29, 2024, 12:47:43 PM

Anyone not looking for short term profit can still buy at the current price. I still have the believe that Bitcoin will go higher after the halving and we might wish we had entered when it was $60k. If you follow the news, you will see how deep Bitcoin popularity have gone with El Salvador, Central African Republic making it a legal tender and there are also other countries like Argentina showing serious interest in Bitcoin. These are indication that Bitcoin is getting bigger by the day hence it will be difficult to dump it completely. Therefore, I think now is still a great time to buy and hold.

There is no doubt that buying Bitcoin isn't bad for those willing to hold it for a long time apart from the time when Bitcoin is at its peak in the cycle and is about the take a U-turn because the cycle resets and Bitcoin and the whole market turns back towards the bear market if someone buys in such a situation, they will have to wait for a complete cycle for their investment to turn into profit which means that they won't lose anything but their waiting time will be extended.
This is why, it is much better if someone invests earlier because they will get to take profit during the bull run and be able to prepare for the bear market after the cycle resets which isn't possible if you enter the market very late.

2Pizza410000BTC

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Quote from: smelody on February 20, 2024, 02:16:41 AM

Cryptocurrency prices have increased by 118% compared to last year. Similarly, prices are increasing by almost 83% in the last 04 months.The dramatic history price of Bitcoin peaks and the recent buzz around its upcoming "halving" its only fair to pose the most obvious question in front of us that-
Did the Bitcoin flight already leave investors? or is there still time to buy a ticket?

The attractions of Bitcoin investments has always been double the potential for significant returns and its suggested role as digital gold.Historically Bitcoin has rewarded the bold to investors. For the next "halving" currently on track for April, another bull run seems highly likely. Recent price gains although this potential wave should take Bitcoin to a whole other level as it did after the May 2020, July 2016 and November 2012.

No Bitcoin flight has left investors. Currently the Bitcoin market is bullish but will be even more bullish in a few months after the Bitcoin halving. We know the market will dump a bit before bitcoin halving but we don't know if that time will come next time but there is always time to buy tickets for those who are investing using DCA method. Bitcoin flight may never leave them. I don't know what will happen next but it is best for an investor to invest in DCA method.

Moreno233

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Quote from: AakZaki on February 29, 2024, 12:23:53 PM

Trying to enter at the current fairly high Bitcoin price which has reached more than $60k, of course this is quite a tense entry, because a correction has occurred when the price touched $64k and immediately plunged to $61k. It needs a strategy to start entering, even though the current bitcoin price has still not reached the last ATH. We actually still have a lot of opportunities to start entering at a cheaper price, but this depends on everyone's target.

Anyone not looking for short term profit can still buy at the current price. I still have the believe that Bitcoin will go higher after the halving and we might wish we had entered when it was $60k. If you follow the news, you will see how deep Bitcoin popularity have gone with El Salvador, Central African Republic making it a legal tender and there are also other countries like Argentina showing serious interest in Bitcoin. These are indication that Bitcoin is getting bigger by the day hence it will be difficult to dump it completely. Therefore, I think now is still a great time to buy and hold.

Moreno233

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Quote from: Promocodeudo on February 28, 2024, 04:54:29 AM

Quote from: smelody on February 20, 2024, 02:16:41 AM

Cryptocurrency prices have increased by 118% compared to last year. Similarly, prices are increasing by almost 83% in the last 04 months.The dramatic history price of Bitcoin peaks and the recent buzz around its upcoming "halving" its only fair to pose the most obvious question in front of us that-
Did the Bitcoin flight already leave investors? or is there still time to buy a ticket?

The attractions of Bitcoin investments has always been double the potential for significant returns and its suggested role as digital gold.Historically Bitcoin has rewarded the bold to investors. For the next "halving" currently on track for April, another bull run seems highly likely. Recent price gains although this potential wave should take Bitcoin to a whole other level as it did after the May 2020, July 2016 and November 2012.

As far as Bitcoin has not reached it ATH, the opportunities are still open for anyone to embrace, Bitcoin increase is still at it early stage despite the recent appreciation in price, it only a novice that will say that buying now doesn't make sense, last week the movement of bitcoin was between 50k-51k but now we can see that there is an upwards increase which we never know the next price, so it is better to buy now than to keep spectating, spectators are always discouraged because of their eagerness to always work with any available information which is bad, to me the best thing to do as an investor that's is ready is weighing options and doing the needful before regretting your actions.

Seems you have concluded that as soon as price break the all time high then the move is done. Well, that target is reasonable but I least expected such a line of though considering that price is already within the vicinity of the all time high even when there are still strong news in close by. If price will go this high when halving that the whole world is waiting for have not even happened, then targeting the all time high will be a very poor expectations. In my opinion, the target should already have gone far higher than the all time high that will soon be broken if the present market momentum continues. The reasonable thing to do at this time is to continue to buy with confidence because the future really look good for Bitcoin.

AakZaki

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Trying to enter at the current fairly high Bitcoin price which has reached more than $60k, of course this is quite a tense entry, because a correction has occurred when the price touched $64k and immediately plunged to $61k. It needs a strategy to start entering, even though the current bitcoin price has still not reached the last ATH. We actually still have a lot of opportunities to start entering at a cheaper price, but this depends on everyone's target.

leonair

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Quote from: Cryptomultiplier on February 29, 2024, 10:01:15 AM

Quote from: nullama on February 29, 2024, 08:35:49 AM

Quote from: glendall on February 29, 2024, 08:23:37 AM

~snip~
I think it's never too late to buy a ticket to the moon with bitcoin, even though the price is increasing at the moment, there will be a new ATH point according to our beliefs and hopes, right, so please buy your ticket before the train runs faster and you will be far behind and left regret.

Well, that's the thing.

Buying property in a place that most people want to live is also a good idea, the value will always will go up.

Bitcoin is a bit like that.

There is a finite amount of Bitcoin, but over the years there will be more and more people wanting a bit of that. Same with real estate.

Bitcoin is prime real estate.

Bitcoin, real estate and gold are the three main most valuable asset that is anywhere in the world and one can be sure to take profit in huge amount if there's been much invested in these areas.
All old investors have anticipated the halving and bull market season that follows, it is not still late to start acquisition of BTC now, but if the hope is to take profit as the oldies who still have investment, then the notion is indeed skewed.
Only long term HoDLer are sure of making profit now when the bull season is emerging.
It is more advices to buy and HoDL BTC now by using a consistent DCA strategy of investment and watch its value rise as much as real estate and gold.

Although real state, gold are a valuable acid, Bitcoin is very different from it, Bitcoin is a digital asset and Bitcoin can give someone a profit very quickly, many times and it is very big. Bitcoin is currently pumping a lot in the market and it hit $64k yesterday. However, if one wants to invest in these three, he will definitely benefit. But investment requires patience in these cases, those who can hold patiently till the profit will be successful.

Gormicsta

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Quote from: Promocodeudo on February 28, 2024, 04:54:29 AM

Quote from: smelody on February 20, 2024, 02:16:41 AM

Cryptocurrency prices have increased by 118% compared to last year. Similarly, prices are increasing by almost 83% in the last 04 months.The dramatic history price of Bitcoin peaks and the recent buzz around its upcoming "halving" its only fair to pose the most obvious question in front of us that-
Did the Bitcoin flight already leave investors? or is there still time to buy a ticket?

The attractions of Bitcoin investments has always been double the potential for significant returns and its suggested role as digital gold.Historically Bitcoin has rewarded the bold to investors. For the next "halving" currently on track for April, another bull run seems highly likely. Recent price gains although this potential wave should take Bitcoin to a whole other level as it did after the May 2020, July 2016 and November 2012.

As far as Bitcoin has not reached it ATH, the opportunities are still open for anyone to embrace, Bitcoin increase is still at it early stage despite the recent appreciation in price, it only a novice that will say that buying now doesn't make sense, last week the movement of bitcoin was between 50k-51k but now we can see that there is an upwards increase which we never know the next price, so it is better to buy now than to keep spectating, spectators are always discouraged because of their eagerness to always work with any available information which is bad, to me the best thing to do as an investor that's is ready is weighing options and doing the needful before regretting your actions.

True, there is no way to predict or time the future price of bitcoin, therefore attempting to do so is always risky. The "buy the dip" technique you proposed can be a smart way to capitalize on opportunities when the price of bitcoin is low, but keep in mind that there is always the danger of losing money when it comes to buying during a dip, but you can never know if it's the lowest it can go or if it will go even lower, so it's important to expect anything and everything no matter the technique you choose to employ when investing.

Cryptomultiplier

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Quote from: nullama on February 29, 2024, 08:35:49 AM

Quote from: glendall on February 29, 2024, 08:23:37 AM

~snip~
I think it's never too late to buy a ticket to the moon with bitcoin, even though the price is increasing at the moment, there will be a new ATH point according to our beliefs and hopes, right, so please buy your ticket before the train runs faster and you will be far behind and left regret.

Well, that's the thing.

Buying property in a place that most people want to live is also a good idea, the value will always will go up.

Bitcoin is a bit like that.

There is a finite amount of Bitcoin, but over the years there will be more and more people wanting a bit of that. Same with real estate.

Bitcoin is prime real estate.

Bitcoin, real estate and gold are the three main most valuable asset that is anywhere in the world and one can be sure to take profit in huge amount if there's been much invested in these areas.
All old investors have anticipated the halving and bull market season that follows, it is not still late to start acquisition of BTC now, but if the hope is to take profit as the oldies who still have investment, then the notion is indeed skewed.
Only long term HoDLer are sure of making profit now when the bull season is emerging.
It is more advices to buy and HoDL BTC now by using a consistent DCA strategy of investment and watch its value rise as much as real estate and gold.

NotATether

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Quote from: nullama on February 28, 2024, 05:21:11 AM

I thought you meant on a technical level.

Now it's easier than ever to get Bitcoin.

You literally can just buy it.

In the early days you had to know a lot of computer stuff to get some BTC.

Now there is no barrier to get Bitcoin.

I'd say the people who manage to get even 1BTC before it balloons to $100,000 per coin are the really lucky guns.

There is no point in waiting for the price to go down. Because you don't know if or when that will happen, or even whether you will stlll have the budget later on to purchase it.

Also, it makes no sense to compare yourself to someone who bought crypto years ago. I found Bitcoin in 2019. I don't think about the 2015 people at all. And certainly not the 2023 people either.

smelody

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Finally the surge in Bitcoin price to over $63,000 on February 28 and 29 indeed ignited significant excitement among traders and investors. Some of the analysis predict that the it will exceed $530k by the year 2030. What do you think?

Rufsilf

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Quote from: arwin100 on February 26, 2024, 03:22:09 AM

Quote from: Rufsilf on February 25, 2024, 01:51:04 PM

If you feel as though you would like to purchase and invest in bitcoin, then do it while the market is still growing. If not, you may miss out on an opportunity if the price of bitcoin increases. Since it might be difficult to time the market precisely, you might want to think about dollar-cost averaging, which involves investing a set amount at regular intervals to reduce the risk of making a purchase at the incorrect time. Just a small percentage of your investment portfolio should be allocated to bitcoin purchases unless you are comfortable with the degree of risk involved.

But somehow I think that if people is not ready to buy and doubting to take decision upon buying then that means they are not prepared. There's huge consequences of action they have done since for the fact that market is unstable then it can affect the decision making of these people and they might lose for a big time dump since they might get panic on such situation and throw out their money intended for long term investment. That's why its important for this people to know that long term investment is really good but they also need to determine some down time of bitcoin so that they can practice their self for not getting to much affected if there's scenario that they don't like to see. Normal for bitcoin to have corrections and this one should people need to understand that its normal so they will not do any bad decisions which they can possibly regret later on.

If you are considering buying bitcoin but are unsure about it or do not want to step outside of your comfort zone, then do not invest, as simple as that. Forget thinking about whether it is a good time to acquire bitcoin or whether you should take the chance. Naturally, given that bitcoin is a volatile cryptocurrency and there is nothing we can do about it, a market downturn is normal. And to be able to compare it to the market today, it is crucial that you first create a plan and conduct some research on how the market is doing over time. Sometimes we have to step outside of our comfort zone and be willing to take a chance, but we also need to be prepared for the unexpected and make sure we do it at the right moment.

nullama

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Quote from: glendall on February 29, 2024, 08:23:37 AM

~snip~
I think it's never too late to buy a ticket to the moon with bitcoin, even though the price is increasing at the moment, there will be a new ATH point according to our beliefs and hopes, right, so please buy your ticket before the train runs faster and you will be far behind and left regret.

Well, that's the thing.

Buying property in a place that most people want to live is also a good idea, the value will always will go up.

Bitcoin is a bit like that.

There is a finite amount of Bitcoin, but over the years there will be more and more people wanting a bit of that. Same with real estate.

Bitcoin is prime real estate.

glendall

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Quote from: smelody on February 20, 2024, 02:16:41 AM

Did the Bitcoin flight already leave investors? or is there still time to buy a ticket?

I think it's never too late to buy a ticket to the moon with bitcoin, even though the price is increasing at the moment, there will be a new ATH point according to our beliefs and hopes, right, so please buy your ticket before the train runs faster and you will be far behind and left regret.

9TONNN

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Quote from: smelody on February 20, 2024, 02:16:41 AM

Cryptocurrency prices have increased by 118% compared to last year. Similarly, prices are increasing by almost 83% in the last 04 months.The dramatic history price of Bitcoin peaks and the recent buzz around its upcoming "halving" its only fair to pose the most obvious question in front of us that-
Did the Bitcoin flight already leave investors? or is there still time to buy a ticket?

The attractions of Bitcoin investments has always been double the potential for significant returns and its suggested role as digital gold.Historically Bitcoin has rewarded the bold to investors. For the next "halving" currently on track for April, another bull run seems highly likely. Recent price gains although this potential wave should take Bitcoin to a whole other level as it did after the May 2020, July 2016 and November 2012.

It's never too late to join the Bitcoin and crypto party. Welcome to the realm of financial freedom and ecstasy.

Kelvinid

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Quote from: Hewlet on February 28, 2024, 02:29:27 AM

This is just like asking if one should go to school because of the increase in the amount of school fees.
The value of Bitcoin is gaining and by virtue of it volatile nature it might come down at some point and still climb high but the fact that it had gone high doesn't mean that buying Bitcoin at the moment is anytime late. if you don't accumulated today, chances are that when you've finally decided to go into start your accumulating journey the rice might have gone above what it currently his now and it wouldn't mean that it's still to advance to get started and that time it's just that you will need to probably hold a bit longer

We often hear people asking...
When is the perfect time to buy Bitcoin? I am late to invest in Bitcoin.

Well, several questions appear in our mind, especially for beginners but should make it simple and you are right, invest when we are ready and make a decision when we gain knowledge because there is nothing too late here but much better to acquire Bitcoin at a cheaper price. Buying now or buying later is not totally the same because if we have the guts to invest then better we have to do it right now before the price surges high.

Adams0001

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Quote from: kingvirtus09 on February 20, 2024, 02:55:52 AM

Maybe the only thing I can say is that as long as you have the opportunity to buy Bitcoin right now, do it. Don't wait for it to move up quickly when you decide to buy it. Believe me, don't be like others who only decide to buy when the price of bitcoin is too high.

And I also think it will happen a few months from now. It seems that we are already in the countdown to the approaching bull run, to be honest. This is what I see and observe now.

Someone should not wait till the price of bitcoin rises before making the decision to buy and hold. You are correct that whenever you have the opportunity to buy bitcoin you should do so right away, and not wait for anyone else to do so before you buy too. I am just expressing how bitcoin is increasing very well because I only started learning more about bitcoin last year and have gained a great understanding of it, and I am on bitcoin investment and am seeing how bitcoin is rising and making people profitable, anyone who has not invested in bitcoin should do so right away because they are missing out.

No investment has ever seen that will bring profit like bitcoin, I just saw how bitcoin is rising in a minute or hour in just one day how you invest is how you will be profitable whenever the price raises. let us focus on bitcoin more than the other shitcoins because they will not get a coin that can overtake bitcoin for the time being. I don't know the features, but from what I've heard, bitcoin is the best coin and i believe i observed that no coin can defeat it. and top bitcoin, I dont think even in the features they will close to bitcoin no matter how tiny, so let us continue to invest in Bitcoin and reap the benefits.

$weetne$$

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Quote from: Promocodeudo on February 28, 2024, 04:54:29 AM

As far as Bitcoin has not reached it ATH, the opportunities are still open for anyone to embrace, Bitcoin increase is still at it early stage despite the recent appreciation in price, it only a novice that will say that buying now doesn't make sense, last week the movement of bitcoin was between 50k-51k but now we can see that there is an upwards increase which we never know the next price, so it is better to buy now than to keep spectating, spectators are always discouraged because of their eagerness to always work with any available information which is bad, to me the best thing to do as an investor that's is ready is weighing options and doing the needful before regretting your actions.

When Bitcoin also reached the past ATH you can still buy Bitcoin, you shouldn't be investing in Bitcoin because you want to make profits from when Bitcoin reach the last highest price. Your investing in Bitcoin should be long term focus, already you should know that Bitcoin price increase after every halving and there are many more halving to come therefore the price of Bitcoin will keep increasing each year. You might miss to make profit this year if Bitcoin reach a new ATH but that shouldn't make you not to invest in Bitcoin and miss making profits from the other profits that'll be coming in the future. It's never too late to buy Bitcoin, those individual that bought Bitcoin at $50,000 have already made profits oif they were to sell at the current price of Bitcoin at $60,000

lixer

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Quote from: Negotiation on February 25, 2024, 06:11:13 AM

Quote from: heslylamba on February 24, 2024, 05:37:37 PM

Imo now is a good time to invest in Bitcoin. However, don't expect a significant price increase immediately after purchase. If you hold onto Bitcoin for the long term and continue to accumulate, it could bring pleasant surprises in the future.

Bitcoin investing can be successful if you wait patiently. Those who hold bitcoin for the long term get high returns and have a bright future. Just one thing to remember is that even if the price goes down you can't be disappointed. No matter how low the price of bitcoin goes it is the reason why it goes up. Moving forward to understand all aspects of bitcoin being happy is easy.

Yes, waiting is necessary but that is only after we buy the coin, while if we don't buy it yet, we need to do it ASAP. Waiting can only decrease the value of our money and then it makes things hard for us to buy a BTC because its value is also rising. Apart from the long-term investors, traders can also earn a good income and this can also make their future bright. When the price goes down, we can get disappointed especially if we risk a lot and more if it's also not our money that we risk.

There is no profit when that moment comes but just losses. Up and down movements are not the same, then when the price goes down it can also cause doubt and worry, so people won't buy. The real reason why price goes up is the positive news.

nullama

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Quote from: smelody on February 20, 2024, 02:16:41 AM

Cryptocurrency prices have increased by 118% compared to last year. Similarly, prices are increasing by almost 83% in the last 04 months.The dramatic history price of Bitcoin peaks and the recent buzz around its upcoming "halving" its only fair to pose the most obvious question in front of us that-
Did the Bitcoin flight already leave investors? or is there still time to buy a ticket?

The attractions of Bitcoin investments has always been double the potential for significant returns and its suggested role as digital gold.Historically Bitcoin has rewarded the bold to investors. For the next "halving" currently on track for April, another bull run seems highly likely. Recent price gains although this potential wave should take Bitcoin to a whole other level as it did after the May 2020, July 2016 and November 2012.

I thought you meant on a technical level.

Now it's easier than ever to get Bitcoin.

You literally can just buy it.

In the early days you had to know a lot of computer stuff to get some BTC.

Now there is no barrier to get Bitcoin.

Promocodeudo

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Quote from: smelody on February 20, 2024, 02:16:41 AM

Cryptocurrency prices have increased by 118% compared to last year. Similarly, prices are increasing by almost 83% in the last 04 months.The dramatic history price of Bitcoin peaks and the recent buzz around its upcoming "halving" its only fair to pose the most obvious question in front of us that-
Did the Bitcoin flight already leave investors? or is there still time to buy a ticket?

The attractions of Bitcoin investments has always been double the potential for significant returns and its suggested role as digital gold.Historically Bitcoin has rewarded the bold to investors. For the next "halving" currently on track for April, another bull run seems highly likely. Recent price gains although this potential wave should take Bitcoin to a whole other level as it did after the May 2020, July 2016 and November 2012.

As far as Bitcoin has not reached it ATH, the opportunities are still open for anyone to embrace, Bitcoin increase is still at it early stage despite the recent appreciation in price, it only a novice that will say that buying now doesn't make sense, last week the movement of bitcoin was between 50k-51k but now we can see that there is an upwards increase which we never know the next price, so it is better to buy now than to keep spectating, spectators are always discouraged because of their eagerness to always work with any available information which is bad, to me the best thing to do as an investor that's is ready is weighing options and doing the needful before regretting your actions.

Topic: Is it too advanced to get into Bitcoin now? (Read 1098 times)