Is this the right time to reinvest into Bitcoin? - page 2.

hulla

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Quote from: kentrolla on January 08, 2021, 11:55:39 PM

BTCs phase might be unstoppable but investing now is extremely risky and yes if you are planning it for long-term well and good, right now people are confused about the massive pump because I really don't have any idea on who is buying at this price.

People need to be confused due to the massive pump in price of the Bitcoin cause this year January momentum is different from previous bullish market, the institutions was said to be the primary player/investors in the market and very ordinary investors have to vigilant.

Quote from: kentrolla on January 08, 2021, 11:55:39 PM

Short term investing is not advisable at high price I understand greediness will blind fold us but kindly follow market strategy at buy low and sell high.

This is not the time for buy low and sell high but seized the opportunity the market presented so short term investment is the best strategy in other not to be caught in the middle.

XCANA

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The price bitcoin is alreadycause touched all time high. If you want to buy it now i think its not a good idea. Just wait till a correction happened maybe like down to 5-6% you can buy at that time. Im pretty sure the price is will rise till touch 50k dollar.

This is not the right time to reinvest into bitcoin because obviously, the price is totally expensive. You cannot afford to see your investment falling the next day. Maybe wait for some time once price correction will take place. But if you're planning to hold it for long term, then start investing it now. Its price will definitely keep surging even after its price falls.

What was the parameters used for this calculation?, Bitcoin price hasn't yet be ready to set another All-Time-High becasue more institutions are waiting for more dips to buy bags. Though comparing the price to past, yes bitcoin has already surmounted it previous price but that doesn't mean that it will collapse soon. We saw Dodge man be the richest man in the world becasue he used to shill with cryptocurrency, so many will definitely find their ways into this investment soon which will push the price of Bitcoin farther from here.

CryptopreneurBrainboss

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Quote from: Wysi on January 07, 2021, 01:11:10 PM

Please share your opinion without any generic response like "there is no good or bad time to invest into bitcoin".

You can't prevent us from saying that because technically, 'there's no bad or good time to invest in bitcoin'. All that matters is your strategy, what are you intentions of this investment. Are you planning on trading or Holding onto your coins for longer term. Having a clear objective will increase your chances of making a favorable decision. The market is looking too fragile of recent, the volatility of bitcoin has increased so has its dominance in the market.

This development only means the chances of it falling is certain, if your intentions are to hold bitcoin for a longer period of time then you can't just jump right into securing your spots at the moment. Be patient with the market as opportunity will present itself that will give good position to enter and hold through all it's down side.

As for the trading, you can do that with the price different that occurs regularly. Traders don't have an idea moment to enter the market, they can profit from all the movement the market makes irrespective of the direction.

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Quote from: Wysi on January 07, 2021, 01:11:10 PM

I know it's not only mine but story of most of us who didn't invest into bitcoin once it crossed $20k mark assuming it would go through correction phase but it has gained almost 100% more since that time and I am not sure if it's worth risking to invest into bitcoin when it's nearing $40k?

Please share your opinion without any generic response like "there is no good or bad time to invest into bitcoin".

It will depend on 2 things.
1. Risk Appetite
2. How long you are holding the coin.

If you can handle the risk and choose to buy at the top then just buy it. There are some who can't afford to lose too much money that is why they are patiently waiting for a correction and there are some who can't wait and just bought on the top and unfortunately, some of then ending up losing because of corrections.

Another one is how long you are holding it. If you are seeking for short to mid term profits then be patient and wait for a correction. Now if you are a long term holder then just buy anytime you want but it would be better if you know a bit of technical so you know where is the possible support of Bitcoin and with that you know when to enter into it.

pawanjain

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Nothing lasts forever

They say that it's always a right time to invest in bitcoin. This goes by the fact that they are investing in for the long term.
So it all depends on how firm you are to hold your bitcoins. Even if you buy now and have weak hands then you should probably not invest right now.
If you know that you can panic sell once bitcoin starts falling then you shouldn't buy right now. Wait, if bitcoin price falls then invest else you should look for some other investment which is not as risky as bitcoin.
I am personally not a panic seller (anymore) and can hold bitcoin for a very long term. So for me it's always a good time to buy bitcoin since bitcoin is bound to increase in price in the long term.

Alucard1

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This is a hard decision for many people who are planning to invest, the price of the bitcoin is now too high and it is really expensive to buy bitcoin as of now so many people including me are confused if they should be going to buy bitcoin or not. We have seen a great movement of the value of bitcoin these days so we can also a big fall of bitcoin as well, on my part I will just going to wit for some time for bitcoin to fall before I going o buy and invest.

kentrolla

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BTCs phase might be unstoppable but investing now is extremely risky and yes if you are planning it for long-term well and good, right now people are confused about the massive pump because I really don't have any idea on who is buying at this price. Short term investing is not advisable at high price I understand greediness will blind fold us but kindly follow market strategy at buy low and sell high.

chikading2016

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I think this is not really the right time to invest in bitcoin i see that the price is high and it is totally risky to invest tbis time, i believe that after the rising of the bitcoin price there will be a great posibility that its price will slowly go down that is so risky for the part of investors.

pecson134

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Quote from: Wysi on January 07, 2021, 01:11:10 PM

I know it's not only mine but story of most of us who didn't invest into bitcoin once it crossed $20k mark assuming it would go through correction phase but it has gained almost 100% more since that time and I am not sure if it's worth risking to invest into bitcoin when it's nearing $40k?

Please share your opinion without any generic response like "there is no good or bad time to invest into bitcoin".

This is the best time to invest into bitcoins specially if you are a risk taker. Since the price of bitcoins were still going to surge up there would be highly a chance to gain something from it and not just a few dollars but thousands of them.

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Quote from: Wysi on January 08, 2021, 02:10:13 PM

Quote from: michellee on January 08, 2021, 03:42:29 AM

I think you need to wait for a while because the price is back to increase again. And if you want to buy, you need to analyze deeper to find the right time to buy, and I do not think that will be easy as the price increases. But if you can have patience, I think you will see a good time to buy bitcoin, especially if bitcoin price can down for a while. If you want to buy bitcoin with the current price, that will be no problem, but you need to calm down if you see the price is down.

Yes I agree with you, if I want to invest into Bitcoin this point of time I need to do a much deeper analysis and also I need to have patience in case if Bitcoin drops down for a while and I know it will not be an easy thing to hold on to your Bitcoin which you have purchased at the peak where others are selling their Bitcoin to make sure at least they receive something of out it or to minimize the loses. I have come to a conclusion that I wouldn't be taking risk at this point of time and rather wait for a correction period to take call on further investment.

It is good if you can wait for another correction period to invest more, and I agree with you because the price seems to want to increase back and break the higher price. The price now is at $40k, so I think there will be a chance for bitcoin to increase and reach $41k. It is better to wait for a while until the market can stable, so we can decide what we need to do.

verita1

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I think we can still invest in bitcoin but we should not shy away from checking its price. The most fervent defenders of Bitcoin think that its price will not fall to the levels that we have seen, on the contrary it will continue its scale always ATH.

https://twitter.com/100trillionUSD/status/1347170578495635456?s=19

Although, we can think that there will come a time when everything will change if we see it from the less optimistic side, but as far as I have seen it is a small possibility.

https://twitter.com/100trillionUSD/status/1347255102390861824?s=19

Ridwan Fauzi

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If you are a trader you will not have the such thinking, because you will already know if the resistance has been breaking out it is just a sign that the price will go up not a correction as you think.

More than that, you have to know the situation, I mean when you the coin you have to have two factor at least as a reason why you buy the coin at the current price. Like yoh already know the technical analyst has given a good sign to buy, also the fundamental factor still good because the coronavirus still a threat to all countries which can have a good effect on bitcoin price movements.

Quote

Please share your opinion without any generic response like "there is no good or bad time to invest into bitcoin".

if you are a little diligent in looking for a thread similar to this then you will find many threads that discuss what you are questioning.

Kelvinid

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I consider myself a short-term investor, I'm afraid of higher risk and that makes me decide not to invest this time. Soon the bullish will be over and that will be the moment to start over again. And for now, I'd left Bitcoin and jump to altcoins and not to miss the train. Because for me, this was a good time to invest with them since the price surge is yet to start now and soon to be in a bullish trend. But always keep in mind that only we have to choose those that can be trusted and really profitable.

kawetsriyanto

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You are better to wait for the correction time if you plan to buy again the Bitcoin. It is not a wise decision to buy the Bitcoin once it is alreday rising up quite significant. I doubt after you buy the Bitcoin, then you will see the correction time. You probably regret it later. So, why don't you wait for the correction time? And you also must analize the possibility of next move of Bitcoin price after you buy it. Make sure everything first, mate! Don't buy because of the hype only.

Coinsfera

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Everyone buys and waits for a price increase in Bitcoin. It will not go down soon. It can double its price in the following months. We should not forget that when BTC was 20k it seemed a huge victory but nowadays Bitcoin broke records every day. My answer is yes it worth investing in BTC even now. But invest wisely not risking your financial condition.

Wysi

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Quote from: michellee on January 08, 2021, 03:42:29 AM

I think you need to wait for a while because the price is back to increase again. And if you want to buy, you need to analyze deeper to find the right time to buy, and I do not think that will be easy as the price increases. But if you can have patience, I think you will see a good time to buy bitcoin, especially if bitcoin price can down for a while. If you want to buy bitcoin with the current price, that will be no problem, but you need to calm down if you see the price is down.

Yes I agree with you, if I want to invest into Bitcoin this point of time I need to do a much deeper analysis and also I need to have patience in case if Bitcoin drops down for a while and I know it will not be an easy thing to hold on to your Bitcoin which you have purchased at the peak where others are selling their Bitcoin to make sure at least they receive something of out it or to minimize the loses. I have come to a conclusion that I wouldn't be taking risk at this point of time and rather wait for a correction period to take call on further investment.

sapnu

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Quote from: bonjouros on January 08, 2021, 10:09:29 AM

It past to $40k already but still there are still room for bitcoin price to continue to increase. I cannot say that it is the right time to reinvest into bitcoin as the risk in investing to this time is a little bit higher compare to the past bitcoin price.

But if you are aware to the risk and you are willing to gamble to it then you still have the chance as I am not fully sure also whether there will be a correction to happen soon in bitcoin price as the hype of bitcoin is continuing, meaning the big whales or big investors are continuing to buy bitcoin even at this moment.

Absolutely, if you are well-knowledgeable about trading, you can really invest your money with bitcoin but if you intend to invest and do long term holding, that might be dangerous since we already reached the new ATH and we don't know when is the time that the price will dump, we hope that will not happen. Not only whales are the cause of this pump, it is also because bitcoin is being recognized by big companies like Paypal and Visa which is a famous online payment system all around the world.

bonjouros

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It past to $40k already but still there are still room for bitcoin price to continue to increase. I cannot say that it is the right time to reinvest into bitcoin as the risk in investing to this time is a little bit higher compare to the past bitcoin price.

But if you are aware to the risk and you are willing to gamble to it then you still have the chance as I am not fully sure also whether there will be a correction to happen soon in bitcoin price as the hype of bitcoin is continuing, meaning the big whales or big investors are continuing to buy bitcoin even at this moment.

MCobian

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Of course now is not the right time to buy Bitcoin, because the price of Bitcoin is already very high. My advice is to wait for Bitcoin correction to
the price of $ 30,000. We have to learn from the events in 2017 where the price of Bitcoin went up very fast and in the end it went down very quickly.
Therefore, don't be a FOMO, we must be smart in investing in Bitcoin. There is no need to rush to buy Bitcoin, we must be patient if we want to buy
Bitcoin.

Unless you are planning to HODL Bitcoin in the next 5 years, it doesn't matter buying Bitcoin at the current price, because according to my prediction,
the price of Bitcoin in the next 5 years will definitely be more expensive than $ 40,000.

lovesmayfamilis

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The time for investing, I think, is long overdue. It is different to/from everyone. And everyone has different possibilities. But if you look at the history of the development of bitcoin, then the one that invested in it and did not sell it always wins. It doesn't matter when the entry point was. Of course, much today is afraid to start, thinking that after such a run, Bitcoin can collapse, as it did before. But start thinking positively. Too many events have happened to such a beautiful growth of Bitcoin. Perhaps you shouldn't wait, but it's time to start acting for those who still doubt. But draw your own conclusions. Even with this growth, more bitcoin is being bought than it is being sold. Ask yourself the question, how long will you wait while others buy everything?

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