Topic: Is it too late for newbies? (Read 833 times)

As long as the price of bitcoin is in Low then it's time to buy and hold it until the price will rise and get more profit.  Everytime there's a chance that the price will Go up higher as we all know that bitcoin is volatile, unpredictable.
About your situation Op as what you stated is that you are new in crypto and have a little more knowledge then it's better to you to keep around in this community and find some topics that you want to learn.

The word too late only crossed the minds of those who were afraid to see the higher Bitcoin price compared to a few years ago, they thought the Bitcoin price had reached its highest price so that there was a fear of investing in Bitcoin. It's never too late for someone who has learned Bitcoin from its basic foundations to its adoption in several countries, they never hesitate to invest in Bitcoin even though they have just entered the Bitcoin market.

The first step you need to do is study the Bitcoin charts in the last few months, you can do CDA as an initial step in collecting Bitcoins. The Bitcoin that you have needs to be stored in a secure wallet, store the Bitcoin that you have in a wallet that you can control the private key, always avoid storing Bitcoin on exchanges because the risk of loss is greater than the wallet that you can control the private key.

Why would it be too late? The goal is not necessarily to have a bitcoin. Maybe the satoshis bought today will be worth a lot more in 10 years?

Since its birth, there have always been people saying that it was too late, even when bitcoin was worth 5 dollars, or 100 or 1000 or 50,000. Either we believe in the future of bitcoin and invest a few satoshis, or we don't. This is the only valid question.

I  think its too late to invest in bitcoin and in extension any other crypto as well.

I would say earning crypto  through other means is better and safer - giveaways, air drops etc

My reasoning is BTC price is  already very high, I am not saying it will not rise, but its not feasible enough for most countries (especially asian)  to buy bitcoin.
As well as new regulations/scrutiny coming in different countries, I  would not suggest investing anything more then what you can afford to lose.

It could be worth it to invest in a  relatively new altcoin(or shitcoin), but obviously the risk is much higher as well as the potential earnings incase it 'pumps'

I am no way an expert, but usuaally almost every mainstream coins  go up together with the crypto market so imo it doesnt matter which main stream coin u invest it/

tldr; either invest in new coins with much more risk,  or find some alternative ways to earn crypto rather then risking fiat money

First off I'll start by saying welcome to the bitcoin talk community and you should feel free to ask questions you don't know so as to learn and so far they're reasonable, you'll get good replies from members of the forum, this is a place where learning is a constant process and you should be open to getting knowledge, because no knowledge they say is a waste
 
 Back to your question, yes this is the best time to invest in bitcoin but not for someone who lacks experience in it, first off you should do some research to know about cryptocurrency, the purpose of bitcoin creation and how to invest in it as well, I bet you might not even know where to purchase it from our how to use various exchanges so those are what you should be looking out for and try to get knowledge about, however since you mentioned that your friends have an idea about cryptocurrency then they're in the perfect  position to enlighten you about it, you could also check the bitcoin discussion board for threads where member have made better explanations of bitcoin and how to go about it, but you should note that bitcoin investment is not something you rush into if you're not thinking of a long term investment.

Hey Man, You're welcome to the community.  And even when you're sure of what you know,  it'll be great to also keep an open mind  whenever it comes to learning.

Don't get pressured by your friends to do what you're not ready and sure of.  I'll recommend you to follow up with Binance Academy as they have educative materials and articles to help broaden a newbies knowledge about Bitcoin,  Crypto and also news around  the world of Blockchain and Cryptocurrency.

Faluire stories are much more better,  they have better meaning to newbies so they wouldn't be on the same part. Succes stories are more like fantasies filled with lies, don't trust them, at most when it comes to YouTube influences. It's a good time to invest in Bitcoin. But invest  what you can so you don't go hungry.

the most appropriate investment in btc is when the price of btc is falling or when the market is bearish, in my opinion now the market is in the process of recovering from a bearish market to a bull market, but if you want to invest right now, of course there is no problem as long you  to use money who are ready to lose and buy btc when there is a price reduction
and use the dca system in buying btc.
so in my opinion now is not too late to buy btc as long as you are ready with the risk.

Congratulations as you are new to the forum.

I think if you can learn from this forum well then you will understand everything for your success. There are some money that can bring you success in the future for example Bitcoin investment has changed the future of its people. It will be helpful to understand this if you reach a stage where you are specialized in cryptocurrency. Those who invest in Bitcoin can earn good profits and they don't run out of money in the future. But investing in Bitcoin requires a person to apply his experience so that he can profit from the investment. And if you want to reach this success, you must learn more about Bitcoin and invest with patience. . So you invest in Bitcoin and hold it patiently for a long time but you will get success in future. I got good profit by investing Bitcoin and keep it as wealth for future like support for my future generation.

Listen to this, I been in this forum since 2014 rarely post but I remember posting about getting into mining and bitcoin....in 2014 I felt I was late and skipped it!! literally didn't do it, we know what happened later!

In 10-20 yrs from now people will come here in this very forum, btc will be at $800k and people will look at us posting here in 2023 saying "Boy these guys were in early".

Mark my words.

Yes- it is definitely the right time to invest in Bitcoin!

To every newbie/beginner who is entering the cryptocurrency world, I always advise them that the best time to invest is when you actually start your journey in this world! The moment you discover and understand the basics of cryptocurrency, that is when you should start investing in order to maximize your short/long-term profits depending on your goal.

By basing it on the price history index of BTC, you would definitely observe that the price trend of BTC is increasing over the years. Who knows that maybe 5-10 years from now, the value of BTC may exponentially increase like what happened when it started.

Cryptocurrency as grown too broad for someone to just grabe the idea of it all at once or within a short period. It's something that takes time to grow into and the step begins where you choose.

I wouldn't advice anyone to just jump unto it but rather, take gradual steps of reading, researching and understanding the basic concepts about it before going ahead to work with it.

Though the innovation has done some big numbers, its just a little but above a decade and has got a long way to go still. Taking a page after you must have grabbed the bases about the innovation would go a long way in actually owning a crypto portfolio ad protecting your asset and getting more benefits.

I don't believe anyone who joins this forum is too late; the forum is a place where you can learn a lot of things before beginning to invest your money in bitcoin. First of all, welcome to the forum where you will learn more about cryptocurrencies; however, as a newbie, you must have patience because without it, I don't think you belong here. Additionally, now is the perfect time for you to invest in bitcoin, and I'm confident you won't regret it.

But the best piece of advice I can give you is that joining a forum does not ensure that you will succeed quickly or that you will be wealthy. I think you will see many of your friends enjoying their investments when they make money after selling their coins, but it's also important to keep in mind that cryptocurrency has both positive and negative aspects. The positive aspect of it is when the price rises and you sell it with a smile on your face, and the negative aspect is when the price drops.

As newbies we have to be updated on all these technological and financial developments, that this digital age brings and remain attentive to its use, so as its use widens, I think it's not too late.

While everyone suggesting you other sources to read. I find it boring to read long articles to learn something. Instead, I always try to see the summary before I read something. If I find it interesting, I try to read it in detail.

Back to your questions. Is it the right time to invest in Bitcoin?

I will say yes!
It's never let to invest in Bitcoin because we are still in the early stage (see the image below)

As a beginner, you must know that all cryptocurrencies and Bitcoin are different. Bitcoin is decentralized; No one can control it. Most other altcoins are centralized. They can manipulate the price of the altcoins. You may learn in detail later.

For now, a few things are essential. When to buy? Where to store your Bitcoin?

When to buy?

It also depends on your target. You can buy bitcoin anytime, ignoring the market price, if you want to follow DCA (Dollar cost average) method to buy bitcoin. You will buy a portion of Bitcoin weekly and accumulate it for a few weeks.

If the market is high, buy less bitcoin.
If the market is low, buy more Bitcoin.
Never sell your bitcoin below the buying price.

Do not invest money you might need to cash out recently. Bitcoin is volatile. Sometimes it may go lower than your buying price. You will be an unrealized loss at that time. These are the basics to buy and accumulate your Bitcoin. You don't have to learn everything in a week.

Where to store your Bitcoin?

I assume you will buy Bitcoin to hold it for a long time. If you have a hardware wallet, use it to store your Bitcoin. Choose a non-custodial wallet if you do not have a hardware wallet. My best choice is Electrum. It's available for Pc and smartphones. Never store your Bitcoin in exchanges. Do not share your private key with anyone. Do not keep your private key online. Losing your private key means losing your Bitcoin.

Your right their is no time you learn bitcoin that is against or late, because for the passed thirteen years now bitcoin have been existing I believe that the price of bitcoin always be on rotation so therefore nothing in bitcoin you can learn now that is not in Bitcoin before,  the only thing I will tell you concerning bitcoin is that during investment of Bitcoin it have a time for you to invest in bitcoin and make a profit its basically directly during the time of bearish

Newbies tend to think of getting everything quickly, but if they patiently spend time learning about Bitcoin, they can get great results from Bitcoin. This forum is enough for a newbie to learn about Bitcoin to an expert level. Newbies think it's too late to learn about Bitcoin because they judge everything based on the market price.

But it is really important for them to know that this is just the beginning for Bitcoin, Bitcoin will go far which they can't imagine yet due to their lack of knowledge about Bitcoin.

Newbies are always welcome to enter into crypto investing but they should educate theirselves at first and learn to gain experiences first before they will go to the most exciting part of investing and reaping its future profits. That way, they will not be susceptible to losses like most of the newbies did, and they will never end up panicking due to lack of knowledge and experience in the crypto industry.

Newcomers venturing into the realm of cryptocurrency need to exercise prudent risk management and maintain realistic expectations. It is equally crucial for them to comprehend the safety measures associated with their portfolio.

Sure. Since you are a newbie, other members have more experience in this forum. But there are people who even don't know this forum. You're lucky that you join this forum finally. Anyway, everyone here also started from a newbie, so you don't need to feel hesitate to ask anything. Everyone must understand if you still don't know many things.  

It is always the right time to invest in Bitcoin, especially it is in the bearish season.
We are in the second year of bearish season, in theory it is the latest year before we are heading a bullish season. We still have some months to collect/buy crypto coins at cheap prices. So, whenever there is a dump in the prices of crypto coins, it is the best time to buy them.

You need to focus on learning. You can get the sources from the threads on this forum, read the articles, or watch the YT videos. You must improve your knowledge whether it is about crypto or about this forum as well. Don't be too obsessed with earning profits, don't hurry to buy crypto coins as many as possible. It is better to use small money only during you focus on learning.

Even beginners are not too late to invest in it - unless they expect a low price.

It's never too late for a lesson plan - it's always open to everyone. Bitcoin also has not reached all of the world's population so it is still very possible for them not to know what bitcoin is and what it is used for. It's getting easier every day to get information and new things about bitcoin - but most beginners are not interested in the innovation, they are only interested in the potential that bitcoin generates as a profitable investment asset.