Topic: Is it too late for newbies? - page 3. (Read 767 times)

As the crypto market shows signs of warming up, many are intent on starting to get in or getting back in. You should consider before deciding in this market with many opportunities but also potential risks...
Things to know before entering the cryptocurrency market right now. The market has no shortage of money-making opportunities. First, however, participants need to find out if working in the crypto industry is right for them:
1. Potential of the cryptocurrency market: cryptocurrency has been around for more than ten years and has been popular for more than ten years and has many earning opportunities such as investing in potential coins, mining coins and reselling them on exchanges. transaction,...
2. Is it easy to make money from the market?
In fact, cryptocurrency is a rather difficult place to make money. There are many people trying to get into this field, but only a few can succeed. If you want to make money with cryptocurrencies, you must always be quick in all trading decisions, but to do this you will have to learn a lot and always have to keep your spirits up when the money goes down.
3. Risks
Like every other new industry, the cryptocurrency market is also full of risks to watch out for.
The risk of losing money, something obvious but always mentioned. You need to accept a fact before participating in this market that the value of money going up can change your life overnight, but it can also make you empty-handed when the money flow goes down. In addition, you can also lose money because a scam company or the company you invest in is forced to stop doing business. Once these companies stop working, they will stop the withdrawal feature, then it will be very difficult for you to get your money back.

Everything you know about Bitcoin or about crypto investment can be found already on the internet or in the forum. What you gonna need is to spend more time searching for it. As you have said, your friends are talking about crypto, why not ask them instead of looking for someone? In fact, it was best to engage with them as they already have experience and you can reach them anytime if you have questions.

And in regard to success stories, all doesn't come easy and fast. Some become rich but some also fail, and the is because it depends on how you manage your investment.

Whenever you have your money to invest in Bitcoin you can go ahead to invest but you don't have to be brother about the short term profits the market can give you and be only interested in the long term goal. If you're investing to make profit in the next few months then you should do your research properly before investing but if you're not bothered about what the market might do in the short timeframe the you can invest anytime without looking at what's likely to happen to the market. As a newbie just entering the industry, I think it's fair you invest for the future and not short terms.

We shouldn't be trying to time the market but just invest and keep on holding. Profits aren't made when you enter the market but when you have to be patience and keep holding unto your investment that's when the profits are made. Some people buy Bitcoin at the perfect time (let say before it starts increasing in value) but why they don't make good amount of profits is because they don't have patience and too in a rush to want to sell their Bitcoin. Which they do and begin to regret when Bitcoin is reaching new all time highs.

For the newbies, i guess its ideal and easy way to understand is with the using of the rainbow chart of the bitcoin, every time halving comes the price of the bitcoin goes up basically, this is how this easily understand but if you want to know what is the specific time frame, and ideal date to trade to buy is no one knows but you can get an idea when it comes with the use of the technical indicators this serves you as a guide to your investment to buy or to sell. Ideal for newbies is to know how the market move so you can analyze at your own and not be dependent with the signals of other people to prevent blames and regrets at your side.

Forget about time problems - but maximize your opportunities. You know you didn't come at a time when the bitcoin price was lower than $1000 - but you did come at a time when the bitcoin price was above $30k. But know that was only a very low price compared to its all-time high.

You are not too late - rest assured. Check CMC - see where the current bitcoin price is, if you are sure you want to invest then do so now and hold for the long term. But before you jump to conclusions - the best advice is to do some analysis and consider it at your own risk.

It is literally wrong to think that there was a right time to have invested in bitcoin, and so therefore maybe now or tomorrow may not have been the right time. The truth is, from when you heard about bitcoin and decided to engage in it that was your own right time. What really matters is how we invest which is predominantly predicated on our knowledge about cryptocurrency.

What are your friends really talking about concerning cryptocurrency that you can't yet wrap your head around? Except maybe they're introducing it to you in a technical and higher level against the background level of a newbie.  Take out time to consume the resources that have been provided for your benefit some of the forum members. And don't be in a haste to trade or invest, there's always time to invest but this time at this stage for you all you need is learning. Welcome to BTT.

Welcome to Bitcoin Talk! We are glad to have you.

To answer your question as bluntly as possible, the answer is no, it's not too late for newbies to get into Bitcoin. While there are absolutely some learning curves, just take your time and learn at your own pace. Luckily for you, there are more educational content and resources than ever before.

If you are just looking for a simple way to learn, I would focus your efforts on getting your first sats (the smallest unit of bitcoin) and learning how to send/receive bitcoin, and how to secure your seed phrase. Once you learn those basics, you can stack more sats (slang for get more bitcoin) as you continue to learn more about bitcoin and how it all works. It's an amazing journey that is sure to teach you a lot about what you value the most in life.

Again, welcome to Bitcoin Talk. The more bitcoiners around the world, the better off we all are as a network.

There is basically no perfect time to enter the market, we can't know what exactly will happen next, all we do is speculate and wait to see what will happen, even professional traders can't be sure about the next moves of the market, and it can always go against the predictions of the people no matter what kind of tools, analysis, charts, and patterns they've used to make their predictions and that's because the cryptocurrency market is basically unpredictable.

The best way to enter the market is to start doing DCA which means not to buy with everything you have at once. Since we don't know where the market might be headed after this, we should buy only a portion and then wait for a movement, if it starts going up, we should wait, and as soon as it starts going down, we should keep buying after specific intervals.

I agree with you. That's why me I always says no time is ever too late for someone, the moment you realize the opportunity you have missed in the past and you call your self to other. Steps taken from that time will never be considered as a late step but as the right step towards achieving something grate.

Bitcoin no matter how high the origen will be it is not to be considered to be too late to join and accumulate, knowing the fact that todays price might turns out to be a reference so buying now will make the person be part of the people that will be celebrating in the next bull run.

It is never difficult to enter the cryptocurrency world. Of course, all newcomers experience a huge sense of lost profits, but this needs to be accepted and experienced. Yes, generous bounties have passed, and the price of bitcoin will never fall below 7k (according to my personal technical analysis), but there will still be a lot of different cryptocurrency topics where you can earn a lot. For example, if we consider the simplest thing - trading, then you can simply place pending orders and wait for the BTS to fall. Here is my chart where I showed how the price can behave.
And it's quite real!
You just need to be able to wait, and any beginner will be able to make money on it. And this motivates him to learn more about cryptocurrencies and make money here.

Every resources that anyone could ever wanted about crypto is available online, you don't need anyone to teach you about anything, the answers are available online.

Now is one of the best times to invest in Bitcoin or crypto, but I know that many people will only decide to invest in crypto after there is a pump going on, people prefer to FOMO into something that's already pumping compared to those that are already in the market when there was no pump, and such investors always make the best profits.

If you want the best gains now is the best time to start investing into crypto and do not invest more than you can afford to lose, buy what you can and hold for future possible pumps.

Welcome to the forum mate first of all once you are new here in forum all you need is to adopt and know first the rules and regulations because we have the rules and regulations that all the user must follow. And about the idea that ( it is the right time to invest crypto). Then I will say that every now and then is the right time to invest bitcoin. And it's up to us people if we can handle the price of bitcoin. Because it's very volatile we can not predict when is the time that the price will increase and decrease.

Welcome to the forum.


I think I have read this question like more than hundred times in this forum, my answer is always the same, it is always the right time to START investing in Bitcoin. If are about to start buying bitcoin then just buy it, not like much, but just set aside small amount of your money and use it to buy bitcoin now, after you are learning more about bitcoin and crypto you can decide whether this is the right kind of investment for you or not.

Is it the right time to invest in Bitcoin? Anytime is the right time to invest into Bitcoin, but there's one time where many will not recommend buying Bitcoin, and that's when the bull run peaked. When? We don't know, but that's the worst time to invest into Bitcoin. Aside from that, anytime is a right time to invest into it.

All of your friends are talking about crypto? Why you don't just ask to them instead of asking to us? Though it wasn't bad to ask here because obviously you will get more information here than your friends, it would be better if you approached them first then asked this question. What would we recommend to someone that has no experience? Obviously you need to do some research if you really are interested in learning Bitcoin. Reading articles, watching videos, watching documentaries is the ones I'd recommend especially the last one because that helped me a lot. Documentaries is a big thing for a newbie because they will tell you anything about something. Resources? There are many online. Your friends are considered as resources as well because they can be a good source of information for a newbie like you.

I have no success story, but what I can share is that, long term investing works. It works for me. It works for those who are thinking long term about investing into Bitcoin.

Welcome to the forum of possibilities!
Stop seeking for success stories, you have heard enough from your friends. This time you have to focus on learning and learn as much as you can and then you can know when to enter the market. There is always an opportunity in the cryptocurrency market. It is either bull or bear. When you meet the market at bear, you will join but when you meet at bull you wait till it is bear.

I hope you are not investing because your friends of what your friends told you about Bitcoin, there is more to what you hear, it's goof side but I just want there is different stroke for different folks, your story and experience towards having Bitcoin might be different, it will be better than theirs or in the short time, it could be bitter experience of price fall. However, you should know that this is the best time to buy Bitcoin as many of us believe that as halving approaches, the market will adjust itself upward and anyone who have bitcoin in there portfolio will likely see some gains, so it's safe to say that you are on track as long as you keep holding it to that time.

I'm the same as you OP. i.e. still a beginner in bitcoin insight.

I've tried investing in bitcoin and I intend for the long term. but yesterday when the price experienced a spike I even sold it. and I get a little profit. But now I regret selling because the price looks like it will be quite difficult to get back down in the short term.

and while waiting for a drop back so I can go back to accumulating Bitcoins. so I now decided to learn and add insight in advance about all things related to crypto and trading and investment. So I think it's never too late. and it's better to start by adding insight before getting directly involved.

I don't think it's too late to invest in Bitcoin.
if you don't have any experience with cryptocurrencies at all, what you have to do is, of course, you have to spend more time to increase your knowledge, whether it's through reading online articles or watching videos about crypto.
if there is something you don't understand, you can also take advantage of this forum to add to your reading reference material by using the search feature.
but in my opinion it's actually better if you can discuss and ask directly with friends or people you trust who already understand crypto and Bitcoin, it will be easier because you can interact directly and ask directly what you don't understand and someone directs you.

Are you really keen about investing and losing your cash on something you barely understand? Cus you don't sound like you've understood anything about crypto just yet.
For me, I won't buy BTC FOR A START at the time since it's already at 30k dolls... It's really profitable if you can possibly buy at its DIP; that's where you can possibly round off alot of profits at the ATH... I'll Still say you need to read up; cus you're supposed to understand that reading crypto news would do a great job rather than asking around.

Sandra 🧑‍🦰

News had been predicting that the next month would be another surge of Bitcoin as it stated that Bitcoin bulls are getting ready for the seasonal surge.[1]


Matrixport stated that  Bitcoin tends to rally during the month of July, so if the person who intend to invest have to wait for some days, there is a possibility that he will be buying Bitcoin at a possible higher price if the analogy of Matrixport is true.

How about instead of waiting, start accumulating then DCA all the way so that the we can average down if the price do plummet. 



Bitcoin market is yet to enter the bull run state, the current surge is just a market recovery.

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[1] https://www.coindesk.com/markets/2023/06/28/bitcoin-bulls-getting-ready-for-seasonal-surge-matrixport/