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Topic: When to invest in bitcoin - page 9. (Read 1138 times)

hero member
Activity: 1974
Merit: 539
Leading Crypto Sports Betting & Casino Platform
August 28, 2023, 03:38:40 AM
#28
I was willing to buy bitcoin immediately the price drop but the challenge i have them was I'm  not with cash, but I will be waiting until the price fall again, and if it fall again I will not miss the opportunity of buying bitcoin and keep for long term investment

It is true that we do not always have enough money to invest in bitcoin, especially when the price drops suddenly. Everyone knows it's a good time to buy, but finance is something not everyone is ready for. But I advise you if you have the money to buy as soon as possible, do not wait for the price to drop further because no one can be sure the price will drop further. Have you ever thought that if the price does not decrease and increase continuously, you will miss the opportunity to buy cheap? So investing in bitcoin is buying when you can, don't wait for the price to drop to buy.
legendary
Activity: 2072
Merit: 4265
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August 28, 2023, 03:20:00 AM
#27
OP, while you are writing this post, others are already investing. If we talk about the right time to invest in Bitcoin, then we can say yesterday.
There is a good point; those who are looking for a good price will miss all the convenient moments when Bitcoin is profitable to buy. Since no one can accurately predict how the market will move in a short period,
If there are funds on which your life will not depend, and there is also an interest in buying, do not wait for a better day. Use the DCA method, which is described in almost every post on the forum.
newbie
Activity: 3
Merit: 0
August 28, 2023, 02:51:45 AM
#26
When it comes to investing in Bitcoin, the best approach is to embrace Dollar Cost Averaging (DCA). Don't fall for the lure of short-term gains; they often lead to disappointment. Avoid borrowing or redirecting essential funds for investments. The Bitcoin market is highly dynamic, so focus on the long term and remember that the right time to invest is when you have funds available and a well-thought-out strategy. DCA allows you to navigate both bullish and bearish periods effectively, ensuring a more balanced and sustainable approach to Bitcoin investment.
hero member
Activity: 1904
Merit: 541
August 28, 2023, 01:10:29 AM
#25
I have read a lot similar to this topic in this forum, but still, buying bitcoin depends on the person who wants to own it. Because even if I say that you should buy Bitcoin now because it is low in the market today, if you think that it might go down in a few days, ignore the opinion that others give you here.

So, it's better and better for you to come when you want to buy it, if you think and feel that you should buy it, just do it as long as you have the purchase, or you can just copy what others are doing by accumulating Bitcoin gradually.
legendary
Activity: 3542
Merit: 1352
August 28, 2023, 12:46:40 AM
#24
The general answer is simple, invest when you have spare money that you can risk. Bitcoin or not, an investment is an investment meaning there will be risks, and thus you should be aware of it before you place your money on it. No matter how big or small the exchange is, if you are not ready (basically, it's when you have no idea what you are doing and only have the money you could have used for things you need and require) you will find yourself in a slump wherein you have no profit and possibly have a loan to settle (thanks to your impulsiveness to just invest and hope for the best even if you borrow money).
hero member
Activity: 1344
Merit: 565
Leading Crypto Sports Betting & Casino Platform
August 28, 2023, 12:42:11 AM
#23
You have learned an essential lesson in investing, which is to buy low and sell high. Bitcoin, like any other investment, calls for cautious analysis. But heres the thing: you cant merely read at will and hope to seize the opportunities it presents.

I think of policymakers' unfortunate and fully avoidable missed opportunities whenever I hear someone lament that they were unable to take advantage of a buying opportunity because they had the necessary finances. Put together a budget, buddy! Keep a back-up plan in place at all times.

Bear market's usually the optimum moment to make an investment purchase. You are correct that profits can be made temporarily during price drops, but keep in mind that Bitcoin has a proven track record of quickly recovering its value. But under no circumstances should you risk everything on the market. As someone who has witnessed the ups and downs of the international economy, I cant stress enough that this is not sound economics. Get ready for the next Bitcoin price decrease and embrace the opportunity it presents.
jr. member
Activity: 139
Merit: 5
August 27, 2023, 11:27:27 PM
#22
Always. I'm DCAing every month. You can't predict the best time to buy it anyway. But it's really important to have it. I think you realize that if you're here.
full member
Activity: 1526
Merit: 111
Pepemo.vip
August 27, 2023, 11:25:22 PM
#21
the feeling that often arises in our hearts is waiting for the price to drop again and then we will buy it. but after the price went down we thought again and were afraid the price would drop again and only then did we buy it, until finally the price went up and we panicked so we bought at a higher price, after buying the price actually dropped back below the previous lowest price, and finally we frustrated. therefore buy every drop in the area we plan, and don't spend capital at one price so we can buy back when the price drops again
full member
Activity: 330
Merit: 111
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August 27, 2023, 11:16:56 PM
#20
The current ongoing time period is the best phase to Invest in Crypto. You can buy anytime before Bitcoin Halving that is going to happen in second quarter of 2024. You can also try to Dollar Cost Average (DCA) your way into acquiring Bitcoin, no need to buy it just fully and hold on it. However, If for some reason Bitcoin price reaches $20k, you can jump on it and buy it fully without having a second thought.
When I looked at this period bitcoin is dropping I said this is the perfect time to buy bitcoin  because bitcoin may rise and it will be above 30,000 to 40,000 but I notice that in 2024 and 2025 the increment that will face bitcoin  people will be regretting why they did not invested in bitcoin  when the price  drop in 2023, the only thing  that is discouraging me now not invest in bitcoin is funds but I have make out some decisions of things that will give me funds when I sell them to invest in bitcoin, why I like investing in bitcoin is because its an asset and it continues to be valuable even though the price drops in the market it will also rise. If bitcoin go more deep falling in price I can't hesitate to sell my properties to invest in bitcoin and besides that my property is not useful like before
sr. member
Activity: 700
Merit: 380
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August 27, 2023, 10:09:17 PM
#19
Bitcoin is good asset when you know exactly when to invest in bitcoin, before now I have being reading articles of bitcoin and when I read the articles of bitcoin I do notice new things every time I read of bitcoin. I notice that investing in bitcoin it needs more research to know when due is the perfect time to invest in bitcoin. And I find out that the perfect time a newbie can invest  in bitcoin  is when the price  of bitcoin  is in bear market, like some weeks ago bitcoin drop a different in the market price and its very nice opportunity for short term investors to buy and keep and be ready to sell when the market rise. I was willing to buy bitcoin immediately the price drop but the challenge i have them was I'm  not with cash, but I will be waiting until the price fall again, and if it fall again I will not miss the opportunity of buying bitcoin and keep for long term investment
It is definitely possible to make a profit if you buy bitcoins with proper respect for bitcoin investment. Moreover, many times it is seen that people go into investing without understanding and later there is a high risk of losing money. If you can do a good detailed research about the Bitcoin market then you can certainly succeed in investing, but you need to pay enough attention to the market position and how and when it can change. If we think about long term investment then it will definitely be bright for us in future but better to invest when the market is bearish. But for short-term investors, it is risky to invest from a high market, because the market can bring down at any time, so buy when the price of Bitcoin in the market is low and sell when it rises. You must buy bitcoins on vacation for long-term investment and since you can't invest bitcoins because you don't have cash, you should save. And when you have a good cash fund then wait when the Bitcoin market goes down and invest from that point and hold for a long time.
sr. member
Activity: 798
Merit: 377
August 27, 2023, 10:00:14 PM
#18
Bitcoin investment goals should be two "long term" and "short term" you can invest in bitcoin at any price at present. Because bitcoin halving is indicated around 2024 then surely the price of bitcoin will increase overnight. So if we can invest for more than two years then Bitcoin price will definitely reach millions of dollars in 2025. And currently the price of Bitcoin is $26,026 which was $30,000 a few days ago. If we continue to see Bitcoin price appreciation like this then surely the best time to invest is currently Bitcoin price.
copper member
Activity: 1498
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Bitcoin Bottom was at $15.4k
August 27, 2023, 09:06:51 PM
#17
The current ongoing time period is the best phase to Invest in Crypto. You can buy anytime before Bitcoin Halving that is going to happen in second quarter of 2024. You can also try to Dollar Cost Average (DCA) your way into acquiring Bitcoin, no need to buy it just fully and hold on it. However, If for some reason Bitcoin price reaches $20k, you can jump on it and buy it fully without having a second thought.
member
Activity: 392
Merit: 31
August 27, 2023, 08:48:59 PM
#16
now the price of btc is in the range of $ 26000, I think buying btc at this time will not be too risky, because in my opinion if you buy btc the price is below $ 30000 then the risk is not too high, but of course you have to analyze yourself and predict yourself because the decision is yours, and be yourself.

I think you can also buy BTC using the DCA system because fluctuations in the price of BTC are very difficult to predict.
hero member
Activity: 1778
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[Nope]No hype delivers more than hope
August 27, 2023, 08:24:33 PM
#15
-snip-
I was willing to buy bitcoin immediately the price drop but the challenge i have them was I'm  not with cash, but I will be waiting until the price fall again, and if it fall again I will not miss the opportunity of buying bitcoin and keep for long term investment
What if when the price falls again, you face the same challenge? You don't allow yourself to start out this way.

You should be prepared with your cash when thinking about investing, and all the denominations of the lowest currency in any country are still worth buying a few satoshis. Not having cash I don't think is a logical reason, unless you mean you set yourself the minimum for each purchase which is actually difficult for you.
sr. member
Activity: 602
Merit: 387
Rollbit is for you. Take $RLB token!
August 27, 2023, 08:13:38 PM
#14
I notice that investing in bitcoin it needs more research to know when due is the perfect time to invest in bitcoin. And I find out that the perfect time a newbie can invest  in bitcoin  is when the price  of bitcoin  is in bear market
Perfect time to invest in Bitcoin is when you have capital for investment and it must be your own money. Then you can buy Bitcoin and hold but if you can buy in a bear market, it is better than in a bull market.

However it is not completely correct as a price in bull market like its start can be lower than price in start of a bear market. In a same bear market phase, if you buy early, it is worse than if you buy when it is nearly completed. If you bought it at $40,000 in 2022, it would be worse than today price.

Reminder is "Don't time the market and don't find perfect time to invest in Bitcoin".
legendary
Activity: 1162
Merit: 2025
Leading Crypto Sports Betting & Casino Platform
August 27, 2023, 07:30:24 PM
#13
Keep in mind that when one is considering to buy Bitcoin or any other asset one is not only supposed to check the time of the market but also how personal finances are going.

When an investment or purchase of a speculative asset is within the realm of consideration it must be because there are some savings or spare money to be out at some degree of risk, otherwise it would be counter productive to try to invest with money one is not supposed to touch that way. Both the market and our finances are supposed to be in the correct timing in order to get the maximum of possible benefits out of positions.

That is my personal take, at least. A dip is useless if there is no reliable liquidity.
hero member
Activity: 2338
Merit: 757
Top-tier crypto casino and sportsbook
August 27, 2023, 06:58:56 PM
#12
There is no specific time to invest in Bitcoin because every time will be good as long as Bitcoin has promising prospects in the medium and long term. Also, this depends on your investment plans and the extent to which you aspire to achieve investment profits.
What scares investors the most is their failure to understand the degree of risk in investing in encrypted assets, and that investing in bitcoin may be considered the least risky of all, especially if it is a long-term investment. They are usually small investors or new investors. It would be better for them to invest in small amounts.
legendary
Activity: 3122
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
August 27, 2023, 06:57:19 PM
#11
Given the current Bitcoin market trend, I believe the best time to invest in Bitcoin is now.  It meets the needed requirement so far to have a maximum profit since the market is currently at its lower lows, unless the price gets dipper in the later days but we can always average down through DCA.

So if anyone has the funds and wants to jump on the Bitcoin bandwagon, do not hesitate, the opportunity has given itself.  Buy now so that you won't regret it later.

we can't define the right moment for each person. but for me, as long as you have spare funds that you can allot on this market, why not? also, you are not seeing this investment as a potential source of your emergency funds, because you have no idea what the market looks like when you badly needed your money.
legendary
Activity: 3472
Merit: 3217
Playbet.io - Crypto Casino and Sportsbook
August 27, 2023, 06:53:01 PM
#10
Waiting for the bitcoin price to fall before purchasing some bitcoins may not be the ideal strategy to follow while stockpiling your crypto assets. You never know if this is the lowest the price can go, and if you wait for it to go lower, you may be compelled to buy at a higher price later since it did not go lower again. This is where the Dollar Cost Averaging method comes into play to meet your purchasing needs; it will cover for the times you bought at a higher price when the price drops to buy again. Considering the crypto market is big and price movement is unpredictable, we can never forecast where it will go.

That strategy works on those who don't know how to read the market and only those who want to hold assets for an extended period of time.

DCA strategy looks the same as the martingale strategy and I think if you combine DCA while analyzing the market on what price has resistance will allow you to maximize and buy more at the bottom price unlike without analyzing the market.
sr. member
Activity: 784
Merit: 306
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August 27, 2023, 06:38:47 PM
#9
Waiting for the bitcoin price to fall before purchasing some bitcoins may not be the ideal strategy to follow while stockpiling your crypto assets. You never know if this is the lowest the price can go, and if you wait for it to go lower, you may be compelled to buy at a higher price later since it did not go lower again. This is where the Dollar Cost Averaging method comes into play to meet your purchasing needs; it will cover for the times you bought at a higher price when the price drops to buy again. Considering the crypto market is big and price movement is unpredictable, we can never forecast where it will go.
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