It's NOT a good time to invest in BTC.

Aikidoka

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Quote from: bettercrypto on April 17, 2023, 04:29:28 PM

For me, the method I am doing is simple, when the value of bitcoin goes down, I will actually buy within the budget that I have. Because I have a high belief in bitcoin, even if others say that bitcoin still has risks.

That's a good method to buy Bitcoin. By providing a little bit of money every week or every two weeks, you won't feel the impact as much as if you were to buy a large amount at one time and wait, this is because if Bitcoin's value were to decrease, those who invested a large amount may feel more pressure and risk, which could be unhealthy for them.

However, I believe in Bitcoin and am confident that its price will increase significantly in the future, so I am not worried about investing in it.

Quote from: bettercrypto on April 17, 2023, 04:29:28 PM

So for those who say that this is not a good opportunity to invest in bitcoin, I don't care, because in the end it is my money that is used here when it comes to investing. So if I buy anything as an investment whether bitcoin or other altcoins I will benefit whether the result of what I did is bad or good.

Yeah, exactly. It's your money, and you're free to use it however you want. But trust me, no one will regret investing in Bitcoin, especially those who invest at the right time or invest regularly over the years

Hypnosis00

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Quote from: crypticj on April 17, 2023, 02:27:46 AM

So be careful. If you truly don't know if you should buy or not, do some research and always look at the bigger picture and not some small local signals.

Everything we do will correspond to results and also we are aware that every wrong decision we made, will have negative outcomes.
Perhaps, investing in crypto or any form of investment requires thorough research in order to make sure that we are investing in the right project at the right time. People keep asking when is the perfect time to buy Bitcoin. Well, we can't perfect time for this but buying them when the price is low is somewhat our opportunity to make a profit when selling them at a higher price.

bettercrypto

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For me, the method I am doing is simple, when the value of bitcoin goes down, I will actually buy within the budget that I have. Because I have a high belief in bitcoin, even if others say that bitcoin still has risks.

So for those who say that this is not a good opportunity to invest in bitcoin, I don't care, because in the end it is my money that is used here when it comes to investing. So if I buy anything as an investment whether bitcoin or other altcoins I will benefit whether the result of what I did is bad or good.

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Quote from: crypticj on April 17, 2023, 02:27:46 AM

Hello bros, just want to make a new update on the bitcoin.
I started to see people asking if it was a good time to buy Bitcoin or not. I think it's a pretty lazy question cos everyone should do their own research, but if there people are truly wondering about it, I will try to give a short answer to it.

Sometimes, it's not a matter of being lazy or not. But because of their inability to analyze the market, they are unsure of their decisions. Meanwhile, everyone has different strategies and goals. If it's for the long term, at least prepare for the bullish season, maybe it's not a problem to buy anytime in a bearish period. However, for the short term, this is what must be considered when the market will increase and when a market correction is likely to occur. But indeed, whatever the goal, learn and improve skills so that you are better able to analyze the market and make the right decisions.

DiMarxist

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There is no is no deal limit on investing in bitcoin, investment is all about patient and endurance, you can buy bitcoin in this time, and be a successful investor if you hold it for long periods, the market of bitcoin price will continue to speculates until the world, investing in the price of bitcoin drops is good, it is a good time to increase DCA buying and return to normal when the price is out of limit or start to recovery and the of long term.But before you invest you have to understand, The DCA pattern is one of the strategies that is good, you can buy now or tomorrow, or when the price is down, long-term holding is the key to success.

kryptqnick

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Of course, the op is right that people should do their own research, but some might consider asking other people as a part of that research, a sort of anecdotal evidence. As for waiting for the interest rate to drop, what if it doesn't drop in the near future? They've just raised the rates recently, after all. Also, the price is still good for a long-term investment if a person believes that Bitcoin is to recover to its former glory and even surpass the previous ATH. After all, Bitcoin is still less than half of what it cost at its highest point, so I don't see how it can be a bad time to invest, unless a person wants to sell about half a year later (which might be too early).

danadc

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I would never say that it is a bad time to Invest in Bitcoin, because it would be very Selfish to say advice that is bad and that is for the benefit of a person, what I am saying is that bitcoin will always be the best investment, no matter if it goes down price when you buy it, it's normal, because when bitcoin rises in price and it can happen in a better way, things can always Happen as you dream of, it's normal that as soon as you invest, the price doesn't go up, but what you have to take into Account that it is the best investment, I will always recommend it.

ancafe

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Quote from: crypticj on April 17, 2023, 02:27:46 AM

I still think that we won't see real gains until inflation will go down enough and fed will start cutting interest rates. I said it before and I will say it again: I think the best time to buy bitcoin will be after interest rates will go down. It's easily the best signal to buy for me. And it's also the least risky one.

It's not entirely true what you said, that for now is not the right time to buy bitcoins, if you are a long-term investor using bitcoins, of course, now is still a good accumulation to buy bitcoins. The four-year cycle is a basic reference that can be considered as a step to enter the market to buy.

In my understanding as someone who buys bitcoins using the DCA pattern and trades bitcoins long term. I think now is still a good time to buy bitcoins, unless you are trying to trade short term to make a profit.

Quote from: crypticj on April 17, 2023, 02:27:46 AM

So be careful. If you truly don't know if you should buy or not, do some research and always look at the bigger picture and not some small local signals.

Everyone will definitely have different patterns for entering the market to buy bitcoins and naturally research must be done before buying the desired amount of bitcoins, in order to have a strategy for investing and getting maximum profits.

Yatsan

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Not the best time yet. Waiting will always be the best thing to do; wait for that perfect timing. If we would check the chart of its market value, it had a huge overbought above $30k for more than a week, therefore, a correction would more likely occur. Some are saying that the price could fall around $26k, some says $24k and there are even people expecting a $10k price drop. Eitherway, no matter how much would be the lowest for its value to reach, you should wait for the right indicators in the market becore engaging. Although if you are that lazy of waiting, investing right now would still be profitable but will require larger amount of time because you would suffer from both downfall and uptrend at the same time.

Bananington

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Quote from: _act_ on April 17, 2023, 02:47:07 AM

Do you have to wait for anything before you should start to DCA.

Buying bitcoins should not be about the period, but be a habit that you become consistent with. Waiting for the right time to buy never comes for some people because the criteria's that they say will mean a good time to buy never happens, so they keep waiting to buy while others are buying. Buy bitcoins while you can and make it into a habit, good or bad period, just remain consistent with your habit so far the money you are investing is what you can loose, you do not need to be concerned of the time you invest.

michellee

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With the correction that has taken place in the current bitcoin price, where it has returned to $29k, this makes it the best time to invest in bitcoin before the price rises again. You still have the opportunity to invest but if you are still unsure, it's better not to buy at the current price.

But for people already invested in bitcoin, consider now a good time to buy bitcoin again because of the current correction. They would not waste this time buying bitcoins as they may find it difficult to buy at the current price in the future.

And before the price hits $60k again, it is the best time to buy bitcoins. But before buying, be sure to analyze it first so you can really get a low price.

thecodebear

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Quote from: crypticj on April 17, 2023, 02:27:46 AM

Hello bros, just want to make a new update on the bitcoin.
I started to see people asking if it was a good time to buy Bitcoin or not. I think it's a pretty lazy question cos everyone should do their own research, but if there people are truly wondering about it, I will try to give a short answer to it.

There were a couple of weeks after my last post about the best time to buy Bitcoin and my opinion STILL didn't change.
Yes, we can see that bitcoin is going up, we see that inflation is going down little by little and other signals. But I will keep advocating that we still didn't get rid of the MAIN reason economy is suffering and Bitcoin is not 60k.

Interest rates are still high and FED just keeps rising it. And that's where the real problem is. You should understand that some signals might be good and show that economy is recovering, but while inflation is still higher than needed, FED will keep rising or then holding interest rates. It means that it's NOT over and we might see another huge Bitcoin dump in a near future. It's obvious that some sectors of the economy showing some good results but only because of the LAG EFFECT of the interest rates.

I still think that we won't see real gains until inflation will go down enough and fed will start cutting interest rates. I said it before and I will say it again: I think the best time to buy bitcoin will be after interest rates will go down. It's easily the best signal to buy for me. And it's also the least risky one.

So be careful. If you truly don't know if you should buy or not, do some research and always look at the bigger picture and not some small local signals.

I'm guessing you are new to investing OP. It's pretty bad advice to say people shouldn't buy low and instead wait to buy high. You are saying buy once everything is good and the price is much higher, rather than buy low today. That's the opposite of what you want to be doing. You want to be buying low. You should not only be buying now, but you should have been buying consistently since last summer while the market was bottoming. If you follow your own advice you probably won't start buying until next year when the price might be like $50k or higher already.

Z390

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OP if you are this scared of the FED regulation you should exit Bitcoin and crypto space with immediate effect, your post history shows that you are too concerned about this FED thing and you are too blinded by it, how can you see that Bitcoin is unstoppable anyway? It seems there is nothing anyone can tell you that will change your mind, put your money where your mouth fits mate. If you believe that something bad will happen to crypto and Bitcoin you shouldn't be here in the first place, leave Bitcoin to those who believe in Bitcoin, sorry mate you are not one of them.

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Just like Dom asked, what makes you qualified to make such an opinion? Adding to that, what makes you think that Bitcoin is correlated with interest rates other than a very small portion of recent history where interest rate announcements happened to effect the price of Bitcoin? You should add things like "in my opinion that..." and "it is my belief that..." so that people who aren't as savvy don't take your post as advice...because the reality is that you are speculating with very isolated and minuscule information.

goldkingcoiner

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For me, anytime below 100k USD is a good time to buy, in fact, I would even go as far as to say that anytime below 1 million is a good time to buy. Why people think that BTC is expensive at 30k is just as confusing to me as when people thought that BTC was too expensive at 10k. If you pay close enough attention, you notice its always the same people. And they will be the ones left behind to stay poor. Roll Eyes

Is anyone still seriously doubting Bitcoin after having spent the last 10 years regretting not investing in it? To them, any price justifies calling Bitcoin a bubble. A bubble which never seems to pop but they have some kind of bubble ptsd anyway Roll Eyes

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if you do the math of world costs to acquire bitcoin via most means
the range is $18k-$118k

obviously no one wants to mine in hawaii/japan from home (highest number of over $110k)
obviously no one can mine anywhere on planet efficiently (lowest number of under $18k)

but thats the window range

so here is a simple visual

$110k-$120k avoidable
$100k-$110k unacceptable
$090k-$100k unpleasant
$080k-$090k unsatisfactory
$070k-$080k average
$060k-$070k acceptable
$050k-$060k good
$040k-$050k great
$030k-$040k exquisite
$020k-$030k excellent
$010k-$020k improbable
$000k-$010k impossible

the best way to think of it is how much would you invest of your wealth from 100%-0% makes it more obvious to put less in the higher it goes and more in the lower it goes

BitcoinPanther

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Quote from: crypticj on April 17, 2023, 02:27:46 AM

I still think that we won't see real gains until inflation will go down enough and fed will start cutting interest rates. I said it before and I will say it again: I think the best time to buy bitcoin will be after interest rates will go down. It's easily the best signal to buy for me. And it's also the least risky one.

The best time to buy Bitcoin is during the Bitcoin bear market until the early Bitcoin price spike. What if the timing of the interest rates going down is at the peak of Bitcoin price rally? Would it be the best time to buy Bitcoin? I think it isn't a good strategy to buy Bitcoin at its peak.

Quote from: Plaguedeath on April 17, 2023, 03:16:12 AM

Quote from: crypticj on April 17, 2023, 02:27:46 AM

I think the best time to buy bitcoin will be after interest rates will go down.

Let's we look into the FED interest rate and Bitcoin price graph, do the low interest rate will affect Bitcoin price? nope, it's only happen on 2021. When Bitcoin price increase on 2017, the interest rate keep increasing and this year the high of interest rate will not make Bitcoin price drop.

I also think that Bitcoin market rally does not depend on FED's interest rate decision. Why do we need to look at other chart when we can look at Bitcoin price chart directly and can have a better view of the Bitcoin price trend minimizing decision error.

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Quote from: Blurr007 on April 17, 2023, 03:41:34 AM

Everyone to his/her opinion.

But why should someone wait for interest rate to go down before buying bitcoin ?
even if you are going to benefit by buying bitcoin for low interest rate.
My question is -
is the time worth waisting ?
will the interest rate fall to the perfect rate that suits you ?

Let's not be ignorant, and capitalize on every given opportunity. Buying bitcoin anytime makes more sense.

You already questioned OP's post which proofs that everyone has their own analysis on how could you enter the market in a good timing. If you do your own research and concluded the ideas of how will you manage yourself in the market, then for sure everyone would interpret the same information you've gather in different way. But for me, It's really depends on your call, you should not depend on others calls since its your money at stake. If you think it's worth the wait then wait, if you think its worth the buy then buy. There's no guarantee about Bitcoin with its volatile nature.

pooya87

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High inflation has a positive effect on bitcoin price as it pushes people into investing their money and one of their investment targets is always bitcoin.
What affects bitcoin negatively is recession which is what pushes people into liquidating their assets so that they can "live"!

What we had over the past year (and still do) is a combination of inflation and recession which is what led to the initial crash. We still have high inflation and recession in a lot of the world including US, but what you are forgetting is that more increase in interest rates by the FED is not going to have any effects on reducing the inflation or causing any more recession than this.
In other words there is no reason to expect any kind of drop because of the ongoing recession in US specially since almost all of those who wanted to sell have already sold their bitcoins.

The only way we could see a big drop in bitcoin price is either a massive market manipulation or a massively negative and sudden economical event. Anything that is ongoing is not going to come at a shock and cause a drop like dollar value dumping, inflation remaining high, US banks shutting down, and so on.

aoluain

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Quote from: _act_ on April 17, 2023, 02:47:07 AM

Do you have to wait for anything before you should start to DCA. For people that do not know much about signals, reading charts and knowing fundamental analysis, they can start to DCA and continue to DCA. I have been thinking that bitcoin will get to all-time-high that would be over $100000 next, that means that starting to accumulate at $30000 is not too late.

This is not trading, holders do not have much business with fundamental trading just as it is explained in the OP, holders should focus on the fact that the price of bitcoin is not yet still too high and buying weekly or daily with certain little amount of money is better than to miss the next bull run.

Thats it, if anyone has an outlook to the future as in long term and not get caught up
on 2023 or 2024 then buying Bitcoin can happen anytine.

Buy now, buy tomorrow and if the price drops - buy again, DCA is the way to go.

So long as central banks and the FED play around with devaluing FIAT and the interest
rates hopefully more people will realise Bitcoin cannot be messed with outside its trading value.

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