Is it too advanced to get into Bitcoin now? - page 7.

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Quote from: smelody on February 20, 2024, 01:16:41 AM

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

I'll ask you OP, and all other users here who are until now, thinking if they still have an opportunity.
What's the purpose of you buying Bitcoins?

If you believe that Bitcoin will go $20,000 this year then by all means, don't buy this time, but wait for that to happen. Now if you believe that Bitcoin will rise, and surpass it's past ATH this year, then you can still buy right now and have some profit. Now if you believe that Bitcoin will reach $100,000-$120,000 by the year 2025 then the market is giving you an opportunity to buy still.

At the end of the day, it all depends on you. We can say that you can still buy right now, but a few weeks from now, Bitcoin might plunge to below $40,000. On the other hand, we can say that the market will experience downward pressure in the upcoming weeks so don't buy yet, and wait, but the opposite happens. Don't trust us, but trust yourself. After all, it's your money and not us.

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Quote from: smelody on February 20, 2024, 01:16:41 AM

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 not late to invest in Bitcoin because Bitcoin still has more potential to increase, no individual knows what will be the highest price of Bitcoin for this bull run. Bitcoin can surprise everyone and pass our expectations. Don't say you won't make any profit when you invest in Bitcoin as the price can passed $50,000. You can hold Bitcoin longer than this years halving and next year's potential bull market. You can continue holding Bitcoin for any numbers of years untill you have reached your target. There's no other better time to buy Bitcoin than to buy it now because you don't know if you'll still have that capital available tomorrow to invest into Bitcoin. If you think it's too advanced to get into Bitcoin now by next year the price might have doubled what it's currently and by then it'll become more expensive for you to own Bitcoin.

GreatArkansas

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Quote from: Smartvirus on February 20, 2024, 06:44:41 PM

Quote from: smelody on February 20, 2024, 01:16:41 AM

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

I have seen similar threads one too many times and each time, it’s about either you get to wait or get on the train. Well, i get it that we are in here to make profit and what better way to archive that than to buy low and sell high.
(....)

For me, it's never too late. People must not look into the price of Bitcoin if they want to get introduced to Bitcoin. The goal of Bitcoin is to solve our current traditional problem, not the price or investment.
It still depends on your personal willingness to learn and adapt and if you really intend to invest then it is also depends on your financial position and risk tolerance.

Smartvirus

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Quote from: smelody on February 20, 2024, 01:16:41 AM

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

I have seen similar threads one too many times and each time, it’s about either you get to wait or get on the train. Well, i get it that we are in here to make profit and what better way to archive that than to buy low and sell high.
Now, this could be a very nice concept that just might hinder you from ever buying Bitcoin, especially when you’re just another novice that don’t have an idea on how to predict the market. You ain’t going to find anyone that would tell you, this is the lowest point and as such you should buy now. Nope, you wouldn’t find that.
That’s why we’ve got a strategy called Dollar Cost Averaging (DCA). It puts aside what the cost of a Bitcoin is and puts you in the market while considering that which you can afford to spare in other to get yourself a Bitcoin or fragments of it depending on what your finances looks like. No room for procrastination, you only get to wait on profit by hodling for a long term.

thecodebear

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Quote from: smelody on February 20, 2024, 01:16:41 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.

Bitcoin has a bull run every four years. We are heading towards the bull run now. So in the medium-term of the next 12-18 months, it is currently a great time to buy as Bitcoin will likely 2.5x-3x during that period.

Long term of course its always a great time to buy because Bitcoin is always going to be worth more in the future. And at the moment Bitcoin is probably still under where the bottom of the next bear market is going to be so if you're buying at current prices you won't ever have to go through having paper losses for a long period of time during the next bear market.

Easteregg69

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Quote from: Queentoshi on February 20, 2024, 05:55:30 PM

Quote from: Ferozas on February 20, 2024, 06:12:40 AM

If you're looking to invest for gains rather than ideology, I would suggest exploring newer projects with more growth potential.

Investing in a new project can greatly increase your chance of profiting from cryptocurrency but it can also put the investor at risk because there are lot of risks involved with new projects because of no reliability. Bitcoin has more reliability and reputation for newbie investors to invest in. Imagine a new investor following this your advice and choosing to invest in other cryptocurrency other than Bitcoin particularly let's say a new project that is claimed to have great potential and then they lose all their money to a scam. They will be very bitter. Within this period where we expect bitcoins to set a new all-time high, there will be many scam coin projects that will be started to attract new investors who want to make profit, be very watchful and wise.

Biggest risk is if you playing the gains on and you don't report then it make a mess of your next deal. Fresh start. Keep the change.

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aoluain

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Quote from: Alana Arden on February 20, 2024, 04:17:35 AM

Quote from: aoluain on February 20, 2024, 02:56:17 AM

So OP, what price do you want to buy Bitcoin at? $30k? well there is a very good chance
that $30k will not be seen again, we might not even see $40k again!

If you are waiting to time the absolute bottom of the market, good look to you, the bottom
could very well be todays market price!

Or you could wait a other 3 years an take the chance that the bottom of that cycle could
be $45k but in the mean time you missed out on this Bull run.

I don't have enough money that I would be willing to lose it or that I could invest in Bitcoin and enjoy the benefits of the next bull run. But sometimes, to take advantage of Bitcoin bull run, I make myself greedy to invest in Bitcoin. As a result I want to invest in Bitcoin by taking money from family or borrowing money in hopes of double profit. Since Bitcoin is limited, the bull run hasn't started yet, and Bitcoin is getting halved. On the other hand, I am afraid of losing. Now I am at a loss as to what to do. So I'm waiting for the price to drop to $25K–$30K. I don't know when Bitcoin will come back to this price.

I want advice, without being greedy, should I wait 2/3/4 years for the price to drop?
Or do I need to take the risk and invest in Bitcoin now?

Well I'm not a financial advisor so this is the way I see your predicament, If you
want to borrow money instead of using your own because you are afraid of losing it,
you would still have to pay the borrowings back with your own money "if" you lost!

I say if you wait 2, 3 or 4 years you will have missed out. Everyone is talking of hitting
the ATH soon, that was $69k and its about an increase of 25%....possibly before the halving.

As I said you might never be able to buy Bitcoin below $50k for a very long time, hedge
your bets and do it now, thats my thinking.

Queentoshi

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Quote from: Ferozas on February 20, 2024, 06:12:40 AM

If you're looking to invest for gains rather than ideology, I would suggest exploring newer projects with more growth potential.

Investing in a new project can greatly increase your chance of profiting from cryptocurrency but it can also put the investor at risk because there are lot of risks involved with new projects because of no reliability. Bitcoin has more reliability and reputation for newbie investors to invest in. Imagine a new investor following this your advice and choosing to invest in other cryptocurrency other than Bitcoin particularly let's say a new project that is claimed to have great potential and then they lose all their money to a scam. They will be very bitter. Within this period where we expect bitcoins to set a new all-time high, there will be many scam coin projects that will be started to attract new investors who want to make profit, be very watchful and wise.

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It depends on your reason of getting into Bitcoin and your goal. If you’re getting into Bitcoin because you want to use it as a means of payment, then Bitcoin is always available for you. If it is to store money, it works perfectly at any time and day. If you want to make money off investing in it, then it depends on how soon (short term or long term); for short term investment, you may make a couple thousands or more if you own up to 1 Bitcoin (or I’d just cap it at +- 10%), and for long term, you can make a whole lot of money if you can wait for really long because Bitcoin still has heights to climb as I know $69k isn’t the best it can do.

Ojima-ojo

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Still consider being an early market if you buy Bitcoin at present, because whatever price we think that Bitcoin has reached right now, it can't be compared to what the price will be in the next 1 to 2 years from now, and even so considering the coming halves to be a baseline for Bitcoin increasing price is still a short time bitcoin speculations and at that can or may not add up to what we stand to gain on the long term unless for those who have DCA in mind and also short term speculators alone.

For me, we are still at a very early time in Bitcoin considering the the level of its development and taking a step back from Bitcoin price to be the basis of the discussion since the price is subject to change at any time but development will have a long term impact on the value and usage of Bitcoin at all time, so for that, the current price is not too high and not out of reach.

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Quote from: smelody on February 20, 2024, 01:16:41 AM

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

There are more than one bitcoin flights and you choose when you want to board.You can always get your ticket. If you are confused about where to start, take this three suggestions - 100% bitcoin, Binance or coinbase, Electrum wallet, your money to be used for investment should be money that won't hurt you if the market crashes. Do not take this as financial advice but go all in on bitcoin. Whatever amount you invest in may not 10x in a short time, but it sure will. Buy bitcoin periodically, whatever suits you from Binance, coinbase or any other notable exchange, move your bitcoin to electrum wallet(there are other soft wallets aside electrum). You could use a hard ware wallet too.

Easteregg69

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Quote from: Abu-Naim on February 20, 2024, 03:08:08 PM

ere are saying that “there is no time that is too late for Bitcoin investment” if you have interest in Bitcoin investment, you can do that anytime soon, the price impact should not affect your ambition, it is not too late for investors, this can be your right time as we never can tell what the price Bitcoin will tell in the future or let say in the next halving after this one. Nevertheless, there is no time that is too late for Bitcoin investment if you aim is to hold Bitcoin for long and not to make quick money from it.

Try the ETF's. Broker does the paperwork for you. And just hold.

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Quote from: smelody on February 20, 2024, 01:16:41 AM

Did the Bitcoin flight already leave investors?

No, there's still enough seats and time for you to invest because every time the market goes on high. That's only the time that investors are thinking if they should invest or not. But the mere fact that everyone have been reminding all of you to buy during the bear market and even before the bull run, you're just ignoring those tips because you think that it's not the right time to buy.

Quote from: smelody on February 20, 2024, 01:16:41 AM

or is there still time to buy a ticket?

Don't wait for someone's validation and confirmation if there's a time to buy your own tickets(BTC). Because if you'll just going to repeat the same questions when the market is going high, you'll totally miss the flight and this hasn't happened once but many times to many investors. Check yourselves if you're decided to buy and from there, start buying so you will be part of the bull run and you'll only need to wait until the right time comes for you to decide selling at the actual bull run.

Easteregg69

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Quote from: smelody on February 20, 2024, 01:16:41 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.

Taxing is "FIFO" here. First in first out. On buy and sell. It is really complicated if your late on accounting.

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Quote from: smelody on February 20, 2024, 01:16:41 AM

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

The ideal would be that investors started investing when prices were still around 40,000$, as we have been telling people to do so. However, it's understandable not everyone had money back then to invest, and some don't even have money to invest right now, although they still want to invest once they have some money available for that purpose on the upcoming months. In my opinion, there is still profit to be made. Bitcoin isn't cheap anymore, but I believe 52,000$ isn't the roof. There is potential for superior gains which may surpass the previous ATH of 69,000$ from 2021.

So, even though the profit you are going to make decreases each day you delay starting your investment, it's still a profitable opportunity that shouldn't be wasted. I'm advising people around me to continue purchasing Bitcoin, the maximum as they can, always it's possible, despite the price being close to the expensive 52,000$ mark already.

Nheer

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Quote from: smelody on February 20, 2024, 01:16:41 AM

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.

Bitcoin has lots of potentials to hit more higher prices in future despite it’s volatility, with the current movement in price and the upcoming bull run event we are still expecting the price of bitcoin to keep rising, no one is certain how high it will go during this event but it is certainly going to rise higher than this so investing in in it is never too late since it has the potential to rise.

Investing in bitcoin is not too late despite the movement of the price but as it is increasing we should also expect a drop also so investing should be carried out with caution and well planned after properly studying the movement of the market. There is still time to book a ticket and join the moving train but don’t join as a result of FOMO and only invest what you can afford to lose.

GiftedMAN

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Leo is resting.

Op, there is no early time and there is no late time in bitcoin investment because the price of bitcoin is never stable, the price you saw before creating ths thread may not be the exact price you will see after now because the market price is always changing. If you have been following the price movement you will discover that the price of bitcoin during last year December is not the price now as there has been a big profit for those who invested in bitcoin when the price was around 27k to 30k and now that the price is moving from 50k, 51- 52k. If you want to Hold, you have an opportunity to buy now as the price may likely hit 60k soon and you will still make profit but remember not to invest with everything you have because bitcoin investment is not Ponzi to you will be expecting a ×2 of your investment capital within a short period and don't forget to invest the amount you can afford.

The Cryptovator

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Sadly, we often encounter such questions when Bitcoin starts a bull run. But when the price was reasonable to buy bitcoin, we weren't interested at all. A fear works behind it; when prices dump a lot, Bitcoin investors become afraid, especially new investors. That's why they create such threads when Bitcoin is in a bull run. However, Bitcoin is still at a reasonable price compared with previous ATH. As always, crypto investment is always risky; you have to do your own research.

Abu-Naim

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Quote from: smelody on February 20, 2024, 01:16:41 AM

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.

Some elders here are saying that “there is no time that is too late for Bitcoin investment” if you have interest in Bitcoin investment, you can do that anytime soon, the price impact should not affect your ambition, it is not too late for investors, this can be your right time as we never can tell what the price Bitcoin will tell in the future or let say in the next halving after this one. Nevertheless, there is no time that is too late for Bitcoin investment if you aim is to hold Bitcoin for long and not to make quick money from it.

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