Is this the right time to reinvest into Bitcoin?

Quidat

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Quote from: Silberman on January 14, 2021, 01:29:30 PM

Quote from: culuuton on January 11, 2021, 01:34:17 AM

Quote from: Smitty Werben Man Jensen on January 10, 2021, 06:55:20 PM

Bitcoin is experiencing a export below $ 40k, of course that's a natural thing,
because this year's increase is different from 2018, this is good for the market, and bubbles won't occur,
there is important support at Bitcoin price, as long as it doesn't drop any deeper below $ 35k, I sure bitcoin is still bullish

Bitcoin fell below $ 35k today. I think this is a necessary correction, bitcoin can't increase continuously because this situation is very likely to lead to a bubble. Today's price is suitable for buying more, it will rise again after the lull.

And now bitcoin has corrected in the opposite direction and it is once again close to the 40k level, so it seems the 40k level is where things are going to be settled between the bears and the bulls, the bulls are still strong and are trying to break that level for good and go for even more important levels like 50k, but the bears are finally finding a good spot to give battle since neither the 20k level or the 30k level were enough to slowdown bitcoin at all.

When to know about bearish run? We cant know such thing until we do experience it on spot.For now we arent seeing too much of those signs that indicating some bear market.
40k indeed is somewhat a strong resistance to break because this will decide if we would push up through 50k or 60k for this year but well its just too early to tell.
Reinvesting when the price had corrected and then sell off when it reach some point which would really be good thing for you to take advantage out of these movements.
Right time might be indicating neither you do go for long term or short term aspects and as well you do accept out the risk.

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Quote from: culuuton on January 11, 2021, 01:34:17 AM

Quote from: Smitty Werben Man Jensen on January 10, 2021, 06:55:20 PM

Bitcoin is experiencing a export below $ 40k, of course that's a natural thing,
because this year's increase is different from 2018, this is good for the market, and bubbles won't occur,
there is important support at Bitcoin price, as long as it doesn't drop any deeper below $ 35k, I sure bitcoin is still bullish

Bitcoin fell below $ 35k today. I think this is a necessary correction, bitcoin can't increase continuously because this situation is very likely to lead to a bubble. Today's price is suitable for buying more, it will rise again after the lull.

And now bitcoin has corrected in the opposite direction and it is once again close to the 40k level, so it seems the 40k level is where things are going to be settled between the bears and the bulls, the bulls are still strong and are trying to break that level for good and go for even more important levels like 50k, but the bears are finally finding a good spot to give battle since neither the 20k level or the 30k level were enough to slowdown bitcoin at all.

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Quote from: culuuton on January 11, 2021, 01:34:17 AM

Quote from: Smitty Werben Man Jensen on January 10, 2021, 06:55:20 PM

Bitcoin is experiencing a export below $ 40k, of course that's a natural thing,
because this year's increase is different from 2018, this is good for the market, and bubbles won't occur,
there is important support at Bitcoin price, as long as it doesn't drop any deeper below $ 35k, I sure bitcoin is still bullish

Bitcoin fell below $ 35k today. I think this is a necessary correction, bitcoin can't increase continuously because this situation is very likely to lead to a bubble. Today's price is suitable for buying more, it will rise again after the lull.

People actually did listen to you, well not you directly Cheesy

but the idea you are suggestion. Because we went under 33k at our lowest today, but people ended up buying right away, why? Because we have seen the price go down a lot many times, and in return we have ended up with going back up each time, which is why people think that buying bitcoin right now is a great decision, since they know that it always goes down time to time but it always goes back up.

This is why for the past 3-4 big falls, we have ended up with going even further higher, not because there is anything serious going on about bitcoin in the news, but because people think bull run is not over and each time it falls people think "it is cheaper to buy now" and they end up increasing the price further. I personally know 3 people myself who got in heavy around 33.8 to 34.5k prices for example, because they all believed it would be 40k again very soon.

Vaskiy

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People who have sold at the price above $40000 will surely make a buyback. We don't know how to make the decision, because the market is moving without any form of intimation. Today morning I thought of selling it at $35000, but missed it. Now I've sold it for $30000, and I don't know what will be the next move of bitcoin.

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Quote from: STT on January 11, 2021, 12:24:26 AM

Just looking at chart and recent low, it matches previous highs and could be reasonable to speculate on. I did think it could reach 27k which was the low at the year start but that would be quite significant to do so and take longer to rebuild momentum. A sell to this point is a higher low compared to a week ago and still fairly bullish.

https://i.imgur.com/pwItylY.png

Let 4hr bars be your staff and shield in this fight, weekly average is about 36341 so perhaps a good tide mark as to wider currents on this. I could be wrong to assume this vast momentum is comparable but Ive consistently looked to a 50ma on 4hr bars to give good guidance as to positive or negative sentiment and resolution, so I'm watching there. 4th Jan we challenged but closed above which was the initial response on this current day.

The level of 27 thousand is very unlikely - I read what traders write and most of them already dream of a level of 30k in order to significantly increase their position. Given the fact that the dreams of the crowd rarely come true, I would rather believe that the current bottom is 32 thousand and in the worst case, we will hang around this level.

culuuton

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Quote from: Smitty Werben Man Jensen on January 10, 2021, 06:55:20 PM

Bitcoin is experiencing a export below $ 40k, of course that's a natural thing,
because this year's increase is different from 2018, this is good for the market, and bubbles won't occur,
there is important support at Bitcoin price, as long as it doesn't drop any deeper below $ 35k, I sure bitcoin is still bullish

Bitcoin fell below $ 35k today. I think this is a necessary correction, bitcoin can't increase continuously because this situation is very likely to lead to a bubble. Today's price is suitable for buying more, it will rise again after the lull.

STT

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Just looking at chart and recent low, it matches previous highs and could be reasonable to speculate on. I did think it could reach 27k which was the low at the year start but that would be quite significant to do so and take longer to rebuild momentum. A sell to this point is a higher low compared to a week ago and still fairly bullish.

Let 4hr bars be your staff and shield in this fight, weekly average is about 36341 so perhaps a good tide mark as to wider currents on this. I could be wrong to assume this vast momentum is comparable but Ive consistently looked to a 50ma on 4hr bars to give good guidance as to positive or negative sentiment and resolution, so I'm watching there. 4th Jan we challenged but closed above which was the initial response on this current day.

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Bitcoin is experiencing a export below $ 40k, of course that's a natural thing,
because this year's increase is different from 2018, this is good for the market, and bubbles won't occur,
there is important support at Bitcoin price, as long as it doesn't drop any deeper below $ 35k, I sure bitcoin is still bullish

Silberman

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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".

Quite honestly you are in a bad position, if you did not invested in bitcoin at the 20k level expecting for a correction in the price now that the price is twice than that then the chances of a correction have done nothing but to go up, so the most important thing is what it is your strategy telling you? If it is telling you to buy then do so but if it is telling you to wait then you need to do that as well as you do not want to invest out of FOMO and get trapped like the people that bought at 20k in 2017.

KTChampions

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It only depends on the investment term you are considering. If 5 years old, then there is no difference and you can buy at any price. If a year or two, then it is best to wait for a dump that is most likely close (but you can lose if it happens after the next and "sudden" x2 from bitcoin Grin

).

LUCKMCFLY

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To buy you only need the money and the desire, you have to see it as an investment, it is obvious that now bitcoin is worth much more for the institutional investment, however the price will be much higher, my advice is if you can buy, do it, no No matter if the price falls, you can wait as long as it takes because I am sure that Bitcoin will go above $ 50k.

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Quote from: jostorres on January 10, 2021, 09:58:23 AM

Quote from: CryptopreneurBrainboss on January 09, 2021, 01:33:02 AM

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.

You are 100% right, it is obvious that there is no good or bad moment to invest into bitcoin and that has to be the right answer, generic answers are generic for a reason, all the cliche things life are cliche for a reason.

Plus it changes from person to person as well, amount to amount, period to period as well. I would say big corporations going into crypto right now when the price reached 40k, is not a bad idea, because they have soooooo much money and they can just hold it, even if it somehow falls, they could buy even more and more to make their average lower, they have nothing to worry about.

But a very poor person end up paying for bitcoin with debt? That is a huge no no and nobody should do it. At the end of the day as you can see it changes from situation to situation and that is why we have to say "there is no good or bad time to buy bitcoin".

I think what the OP's trying to say is that, he is looking for indicators and such valid points for him to condition himself to reinvest in bitcoin. Like graph comparison from 2017 to the current, or investments from bigger companies, or explanation on why expecting bitcoin to continue to rise in the trend. That is why the OP specified it implicitly.

Just like what I've seen in this thread, there are different views regarding the situation of the price of bitcoin. Some are saying that there is a less chance for it to increase, while others saying that there is long way to go before it collapses. Ergo there is a good and bad time to buy, but the thing is, we can't seem to see when will it happen. We can just envision and predict everything, so most probably the decision will still be in your hands' wether you believe if it is a good or bad time to buy.

jostorres

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Quote from: CryptopreneurBrainboss on January 09, 2021, 01:33:02 AM

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.

You are 100% right, it is obvious that there is no good or bad moment to invest into bitcoin and that has to be the right answer, generic answers are generic for a reason, all the cliche things life are cliche for a reason.

Plus it changes from person to person as well, amount to amount, period to period as well. I would say big corporations going into crypto right now when the price reached 40k, is not a bad idea, because they have soooooo much money and they can just hold it, even if it somehow falls, they could buy even more and more to make their average lower, they have nothing to worry about.

But a very poor person end up paying for bitcoin with debt? That is a huge no no and nobody should do it. At the end of the day as you can see it changes from situation to situation and that is why we have to say "there is no good or bad time to buy bitcoin".

JimboToronto

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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".

I'm not saying, "there is no good or bad time to invest into bitcoin".

I'm saying, "there is no bad time to invest into bitcoin"

As soon as a check clears, I'll be buying more.

Reosta_

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I think it is not a very good time to invest in Bitcoin now. The price seems like it is fixed at 40k dollars. We don't know what is going to happen from now on. It can decrease substantially to a price that is at least half of it too. It feels like waiting is better option for now.

lalabotax

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I didn't hear any bad issues related to Bitcoin so far. Instead, most people believe in more improvement of Bitcoin and crypto market. On the other hand, many newcomers try their luck in crypto and more parties to support Bitcoin. Well, these are positive indicators for the continuation of a bullish trend in Bitcoin. So why we are afraid to reinvest in Bitcoin? Simply just do it in a smart way.

dhavalnc

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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".

BTC is already on top now. Now the chances are very less to go higher. This is not the right time. I would suggest to wait for a few months. No matter if you missed this opportunity but it always comes back after few months or years.

Question123

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That is the people think about when the bitcoin reach the 20k dollars but pris continue increasing and the price of the year 2017 already double and if you reinvest to the bitcoin it is a good idea and shorterm is the best now to this coin. The right time is depends on the people on how they look in the situation if it's good to invest now or wait for the dump.

Kong Hey Pakboy

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To be honest, there is no specific time for a person to buy or invest his money in bitcoin, but everything is about timing that is sometimes a risk when you buy in crypto at a very high price, just like today. It is why I couldn't purchase bitcoin again because I am afraid of taking a risk that I don't want to happen, the same thing I experience way back in 2017 when I buy bitcoin near its ATH price.

Armando

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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".

Check the 2017 chart and compare it to the current one. IMO we are far from the real ATH for this round

2017 the price went almost X10 and we aren't there yet

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.

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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.

LogitechMouse

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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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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.

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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.

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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.

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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?

shivamtrivedi9090

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Bitcoin has reached its all-time high of $22,158.40. This boost up has attracted many investor traders and individuals to invest in bitcoin trading. During the previous year, when global economy was facing numerous ups and downs, Bitcoin had got massive success because many investors, traders and individuals are preferring bitcoin investment. Many Business are allowing its customer bitcoin payments.

If you want to make long-term investment than it's the right time to make investment. But investing in bitcoin for short period is not the right choice. As all of us know the volatility of Bitcoin.

shide2020

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Every body have his way of analyzing things and make decision on his own, the right right time to reinvest into bitcoin it depend in your decision and situation of the market. You can reinvest at any time if the market will favor you after considering some factors. considering some factors is very important before reinvesting.

Chrystora123

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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".

all back to your own beliefs and conscience because if you follow your logic, you would never think Bitcoin would touch $ 40k (current ATH)..

Quote

Bitcoin "will likely hit $ 100,000, then $ 150,000, then $ 200,000," Chamath Palihapitiya, chief executive of Social Capital, said in an interview with CNBC about how much longer the rally could continue. He adds, however, that there is uncertainty over the passage of time when the popular crypto will reach this milestone.

I hope you understand the meaning of this prediction..

michellee

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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.

Lorence.xD

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It depends as cliché as it can be. If your goal is short term, it would not be that profitable and the crash can happen and you will have to wait for months if not years for you to profit. If long term, then it will be for the best that you will jump the train right now that the prices are still low, it also makes you immune to FOMO.

dothebeats

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There's honestly never a 'right time' to invest in bitcoin, as there's always a profit waiting for anyone if they are patient enough. Those who bought @ $15k just a few months ago thought that the price will never move from there, turns out they will get more than double of what they invested in just under 3 months. You will never know if your decision to buy bitcoin is right unless you lock that order and sit on what you have. True that there are occasions in which your investments will turn red on bitcoin, but isn't that the case for most investments as well? The only key is being patient about it and forgetting that you have bitcoins for quite some time and reap the rewards after.

irixo10

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Investing in Bitcoin is very good, but one needs to know what best way to go about it, that is, are you a long term holder or a short term holder, knowing this and deciding on it, will go along way in helping you invest wisely. Looking at the market now, Bitcoin price is very high and since no one can predict the market, anyone who wishes to buy Bitcoin now, must be a long term holder so that in a situations where correction takes place and it's dumps, he won't be bothered. On the other hand, if you are short term holder and also conscious of the market, then I think it would be better you take a break from investing in Bitcoin, so that you won't be discomforted when it dumps beyond your expectations.

hugeblack

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It is always the worst time to invest when people want to buy more because this means that the price is high and then once the demand decreases, corrections occur.
The best time to buy was when the price was in the range of $ 4000, but the best time now is to sell, sell all possible quantity and then it may become easy for you to get out and make some gains because the price will not collapse anymore.

The chance of making losses from this investment is higher, so avoid it.

YOSHIE

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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".

Overall no one can confirm the true prediction of the Bitcoin price both now and in the future, time, the market, which determines the changes of all of these.

What I want to say is: you fell asleep when Bitcoin was at the $ 6000 level one year ago, that's when you should think about investing in as much Bitcoin as possible.
However, if you look at the day-to-day movement of Bitcoin, it is also a good thing if you are investing, but not in the long term, perhaps, the weekly is suitable for now the development and movement of Bitcoin.

What is certain is that all the decisions are yours to invest, if you are sure you do, if you are in doubt back off.

Innerpumper

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I think it's very difficult for now, because we ourselves know how bitcoin rose to more than $40k I think it will make us doubt if it happens in this week's correction, you can re-invest when bitcoin starts to cheap, cheaper than you bought before.

ilhamsugihamin

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I think it depends on you, when you want to buy it now at a high price and hold it for the long term, I think it's okay, but if you buy now at a high price and intend to invest in the short term in my opinion it is very risky.

mk4

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The lesson: Stop. Trying. To. Time. The. Market. Such a common advice but yet people seem to ignore it.

If you believe bitcoin is a good investment and if you're planning on investing long-term, who cares what your entry point is; just buy! If you think 40k is too expensive for bitcoin even for the long-term, then invest elsewhere. Pretty simple.

Ultegra134

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Quote from: adzino on January 07, 2021, 04:25:46 PM

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".

When the value of bitcoin went over $20,000 USD, you didn't invest because you thought it might crash soon or right away. Now you are regretting. The price is at around $39,000 USD, you think it might crash, so you are hesitating to invest. When it doesn't crash, you will start regretting once again.
No one knows if the price is going to crash or not. It is useless asking people if "YOU" should invest or not because they no nothing about you. You know yourself better. You know your financial condition. Thus, its you who can make the ultimate decision.
If you are willing to hold for long term (like 2/3 years) then go ahead invest. If you are willing to make some quick profit, then I would say no if you can't afford the loss.

I think we've all been in the same position with OP. I have myself been in his shoes. There's no point in looking back, I had abandoned my wallets after the crash in from $20k back in 2017, hadn't logged in on my wallet since then. When I did, My balance was tripled ($24.000 then) and I still didn't bother to keep track of how the market was going.

After a day or two it crashed down to $17.000 and my account on Bitstamp was inactive and was locked out.
In result, I didn't manage to buy at the right price. It has happened to all of us.

adzino

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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".

When the value of bitcoin went over $20,000 USD, you didn't invest because you thought it might crash soon or right away. Now you are regretting. The price is at around $39,000 USD, you think it might crash, so you are hesitating to invest. When it doesn't crash, you will start regretting once again.
No one knows if the price is going to crash or not. It is useless asking people if "YOU" should invest or not because they no nothing about you. You know yourself better. You know your financial condition. Thus, its you who can make the ultimate decision.
If you are willing to hold for long term (like 2/3 years) then go ahead invest. If you are willing to make some quick profit, then I would say no if you can't afford the loss.

romero121

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Soon I expect the bitcoin market to be highly volatile. If the market turns to such a state, it'll be highly risk involved. The market will be suitable for trading by that occasion, but when we're into reinvesting the fluctuation will surely affect the capital as there is no assurance that market volatility downward will create a forward move. Maybe out of trust we can invest knowing all the risk.

Fatunad

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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".

When it comes into these kind of decisions then theres no doubt that people will really be having those second thoughts in mind on buying when bitcoin hits up its ath.

We had already experienced about big correction and we cant avoid not to think that it might happen again once we do hit up all time high.So investment decisions

will really be needing some sort of risk for you to buy on even if its already on high price.For those who took risk then they are the ones who do make out some
profits at this moment.

chaser15

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The question that is a question since then and now a big concern because for average crypto people, it's really doubtful to enter with the current price.

But on the bright side, we are sure that bitcoin won't go down much if ever a correction will happen.

In a time like this, we can't rely on others on what's our next move as we have different views. Try to make a good plan and decide for yourselves.

livingfree

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You have to think very well before investing at these prices. The only complaint we'll hear from most investors that have missed the buying opportunity is that today's price is expensive.

Nevertheless, the price that we're watching right now could possibly not back anymore at $20k. Those who took the risk of buying from $25k-$35k were probably firm with their decision or just did it on a bet for themselves.

And fortunately, they're all good. In that case, buying on $38k and above could have the same transition.

bL4nkcode

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If you're up to hold on a long-term basis then it's good to say yes, but if you're worried about the highs and the price over time, and with this volatility, like we have seen almost $4k down in just an hour, I'd say no.

Anytime it would surge down likewise up. We have seen a new ATH just an hour ago, everyone is bullish that want to see another ATH. But in every buy there's someone selling on the other side, it just a matter of numbers.

Ahmedali9542

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80% chance btc going up I hope very soon we see 43,000+

Wysi

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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".

Topic: Is this the right time to reinvest into Bitcoin? (Read 693 times)