bitcoin has the nature of fluctuating and we will not be able to analyze and predict accurately because of course the market situation will be difficult to predict.
and in this case the decision is yours, because you yourself will buy.
and indeed in purchasing there are times when it is difficult for us to buy it right away because it is usually caused by fear, namely because we are afraid to buy too expensive.
but there are times when we haven't bought the btc price has gone up and usually after that the regrets that arise for not buying immediately.
so as many people have said, to deal with a situation like this, you have to buy a DCA system, so you get different prices.
Topic: Maybe I should wait before owning my bitcoin - page 2. (Read 737 times)
maybe you can start by buying a little bit of bitcoin until next year because I believe the price of bitcoin will be increased by the lowest will be 1.5x from the current bitcoin price while the higher price may be around 2~2.5x from the current bitcoin price.
why do I think of this? because next year there is a bitcoin halving.
Since there would be vast bullish movement by next year, it is good for us to start holding some amount of Bitcoin for the preparation of the next bull market that is coming to us soon. We need not to wait for the market to go bullish before we decided to but some good amount of Bitcoin now that the price of Bitcoin is still low and affordable to holding some good amount.any smart investors had been taking the opportunity of to buy large amount of Bitcoin because they know that the market is certainly going to go back to the previous level it was before now. why do I think of this? because next year there is a bitcoin halving.
maybe you can start by buying a little bit of bitcoin until next year because I believe the price of bitcoin will be increased by the lowest will be 1.5x from the current bitcoin price while the higher price may be around 2~2.5x from the current bitcoin price.
why do I think of this? because next year there is a bitcoin halving.
why do I think of this? because next year there is a bitcoin halving.
There is no specific time for bitcoin to rise in price, and relying solely on your own speculation to advise others is not a wise decision. I will agree with you, OP should buy some bitcoins from now on but hold until the price increases rather than a specific time. The past shows us bitcoin will rise after the halving happens, but that doesn't mean history will repeat itself, things may not turn out that way.
The reading of Neutral has more vote of 10 than the Sell that has 6 and Buy that has 8.
I will let this be my guide, will wait till the Buy has the highest vote. Money investment need to be carefully planned. This is just my plan, you can advice or give it kudos.
First of all welcome to the forum and good luck to your crypto endeavours. This is quite a small sample sizes and you still have more people voting to buy rather than to sell, that is why I would recommend you to buy at least small part of bitcoins already with your salary this year. There is no strong conviction for any action at the moment, all we see from your picture is that people are unsure what the future is going to bring. And the best case in such a scenario is in my opinion to buy at least some coins. Let's say prices will rally in the near future (scenario 1) and you missed your window to buy, then you will feel terrible for not buying earlier. The second scenario would be that the prices are not changing any time soon, then it doesn't really matter if you are invested or not. And the third scenario would be that prices are falling, which is not such a bad situation either. Because as long as you are not selling your coins you are not losing any money and eventually the prices are going to rebound. It's hard to go for the perfect time to buy and sell our coins.
indeed in buying bitcoin you have to be at the right time and when the price of btc is falling or is being corrected.
but in my opinion if you want to buy btc it's better to use the dca system.
and you need to remember that the market situation will be difficult to predict and buyers and sellers are difficult to predict, so I think only the DCA system is worth using.
but in my opinion if you want to buy btc it's better to use the dca system.
and you need to remember that the market situation will be difficult to predict and buyers and sellers are difficult to predict, so I think only the DCA system is worth using.
I will let this be my guide, will wait till the Buy has the highest vote. Money investment need to be carefully planned. This is just my plan, you can advice or give it kudos.
I don't think relying to this guide is a good idea at all. You won't learn anything from there and you'll always rely with this guide forever because you don't know how to do it by yourself. It's true that if you can follow other people advice for your own research so you can be more careful to invest next time, but I'd assume this one is just blindly follow the guide and call it a day. Might as well do DCA and learn to trade by the meantime, it's much better if you have little to no knowledge in investing Bitcoin. 
My desperation after becoming plus one here to own my bitcoin has grew in a week. The first journey was to look for the best wallet to use and Electrum becomes my choice. The account has been opened and I wait impatiently for my salary to enter this week to buy the first set and keep it.
The desire to own and invest in Bitcoin is great. However, it will be wiser when it is really at the right time, that is, when we are really ready in all respects before investing. as well as the free money used, the readiness of our plans, and our emotional maturity when investing. Because this is very important, as we know that investing in Bitcoin is volatile and very volatile. We might one day be very happy because the number of our assets is increasing due to the rising Bitcoin price. But on the other hand, we also have to be prepared when our assets drop when the price of Bitcoin drops. And this will probably be very painful. Therefore, you really have to prepare yourself to start investing in Bitcoin consciously, smartly, and also wisely. 
maybe you can start by buying a little bit of bitcoin until next year because I believe the price of bitcoin will be increased by the lowest will be 1.5x from the current bitcoin price while the higher price may be around 2~2.5x from the current bitcoin price.
why do I think of this? because next year there is a bitcoin halving.
why do I think of this? because next year there is a bitcoin halving.
Do you want to be a trader or investor?
You can't decide anything in a week so I advice you to wait, learn necessary things about the thing you are going to accumulate and access your capital loss value then invest and do it for long term then you will be feeling what the real returns will be.
Don't end up in shady, scam exchange while in an attempt to buy your first sats.
You can't decide anything in a week so I advice you to wait, learn necessary things about the thing you are going to accumulate and access your capital loss value then invest and do it for long term then you will be feeling what the real returns will be.
Don't end up in shady, scam exchange while in an attempt to buy your first sats.
I'm still perplexed as to why people still consult charts prior to purchasing bitcoin because, as I see it, a chart cannot actually provide someone with what they desire. If you want to purchase bitcoin, do so at the appropriate time without consulting a chart. After all, what would you do with your money if you followed a chart but later realized it wasn't the right time for you to purchase bitcoin? Before waiting for the time chart to show, I think you're going to use that money elsewhere, which might discourage you from purchasing and selling bitcoin.When the price of bitcoin dropped years ago, some individuals vowed never to buy it again and advised new investors to stay away since the coin would keep falling in value. However, just a few days ago, the price of bitcoin reached $30k, which suggests that many people are still holding out hope that the price will rise repeatedly.
We need to buy when the market is low and sell when the market is going up.
"Be fearful when others are greedy and be greedy when others are fearful" Warren Buffet. We all know about that but in practice we don't do that. Most of us do oppositely like part of the crowd and we don't do oppositely to the crowd. Unfortunately we mostly buy at tops, sell at bottoms.https://www.silkinvest.com/content-archive/2018/9/23/be-greedy-when-others-are-fearful
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Although the problem that is involved is that we might not know what the market is doing and where the market is going. This is why it is good for one to know how to read the market to be able to know when we are going to sell or buy in the market. The Crypto market moves up and down and if we observe well we will see that volatility is something that do make people to be scared of holding because they no not what thw market is warming up to do and the next direction of the market.
You don't have to identify it if you focus on fundamentals and have good belief in Bitcoin. Buy bitcoin, consider it as your long term investment and you can ignore all greed, fear, ups and downs in the market, psychology cycle of the market and simply hold your bitcoins.If you understand it, it is good and a support for your decision but your life and your investment will be more easily if you simply hold your bitcoin.
I have no doubt you really have idea about how bitcoin works entirely. As it is now, every investor knows this current market condition is the best situation at which one can bag more bitcoin when holding for a long time. You should know holding now would pay off in the long run and you can buy in little fractions on daily purpose.
Good idea. But I recommend you learn more about Bitcoin and trends so you can decide for yourself.
And overall, if you are not a good trader, then the best decision for you would be to use DCA to buy Bitcoin periodically in small parts.
That way you will statistically buy at a better price because you will leave your feeling aside and won't make emotional mistakes.
p.s. I'm waiting for bitcoin to go down too, so I think you choose the right tactics for now.
Good luck!
And overall, if you are not a good trader, then the best decision for you would be to use DCA to buy Bitcoin periodically in small parts.
That way you will statistically buy at a better price because you will leave your feeling aside and won't make emotional mistakes.
p.s. I'm waiting for bitcoin to go down too, so I think you choose the right tactics for now.
Good luck!
Usually checking of signal is applicable for the both, so are you indirectly telling us you can invest whenever the market is high is that what you mean?
This is wrong idea, during investment you need to check and study your market very well before jumping into and buy without knowing whether is about to dip or bull so during investment you must take precaution of these things as well. Check whether is the right time to buy and hold or not sometimes you may venture into market and it changes direction and turns bad on you.
This is wrong idea, during investment you need to check and study your market very well before jumping into and buy without knowing whether is about to dip or bull so during investment you must take precaution of these things as well. Check whether is the right time to buy and hold or not sometimes you may venture into market and it changes direction and turns bad on you.
Just like technical analysis can be used to identify potential trends and price movements that may affect the long-term performance of an asset, but you need to make sure that you are not making short-term trading decisions based solely on technical analysis.
You know most at times I wonder how people do reason, why would someone go into investment without know and study the market, it's not possible for an investors to make his investments without drawing close charts and doing some analysis to connotes if the market is favorable to enter or not. As a matter of fact, Investment and trading uses the same functions to overview the market.
My desperation after becoming plus one here to own my bitcoin has grew in a week. The first journey was to look for the best wallet to use and Electrum becomes my choice. The account has been opened and I wait impatiently for my salary to enter this week to buy the first set and keep it.
On the second thought, I checked the chart of bitcoin to know if it's safe to buy immediately. My trading experience is weak but not so bad that I can't read the chart. The chart shows bitcoin is still going down, that made me rush to tradingview advice to be sure. The monthly advice shows that I should wait.
The reading of Neutral has more vote of 10 than the Sell that has 6 and Buy that has 8.
I will let this be my guide, will wait till the Buy has the highest vote. Money investment need to be carefully planned. This is just my plan, you can advice or give it kudos.
Better safe than sorry.On the second thought, I checked the chart of bitcoin to know if it's safe to buy immediately. My trading experience is weak but not so bad that I can't read the chart. The chart shows bitcoin is still going down, that made me rush to tradingview advice to be sure. The monthly advice shows that I should wait.
The reading of Neutral has more vote of 10 than the Sell that has 6 and Buy that has 8.
I will let this be my guide, will wait till the Buy has the highest vote. Money investment need to be carefully planned. This is just my plan, you can advice or give it kudos.
If you are a long term trader it would be fine entering any price point but ofcourse who doesn't want to make your decision on investment, efficient. For sure you'd earn more from waiting for a lower market price as to how you read the chart. Problem here is missing the uptrend if you will be too patient; expecting a downfall til $10k but happened to have a pivot on $24k. Would be fine if you would manage to cope up with the increase, but what if you did not? Buying halfway through pumps would be a gamble already 'coz prices could fall in an instant. And as we can normally see, once you chase the market trend you'd be easily frustrated.
I checked the chart of bitcoin to know if it's safe to buy immediately. My trading experience is weak but not so bad that I can't read the chart. The chart shows bitcoin is still going down, that made me rush to tradingview advice to be sure. The monthly advice shows that I should wait.
The reading of Neutral has more vote of 10 than the Sell that has 6 and Buy that has 8.
I will let this be my guide, will wait till the Buy has the highest vote. Money investment need to be carefully planned. This is just my plan, you can advice or give it kudos.
As you are looking for advice to invest then I can tell you that if you are a long term investor you can invest from instant market. The market is still relatively low. Moreover, if you think that the market may fall further, then it depends on you what you do. It is uncertain whether the market will go down. Because the market is full of volatility now. You may fail to do proper analysis in this volatile market. And here the voting system you have done may not be a good investment advice for you. So whatever you do, do it from your own thoughts. The reading of Neutral has more vote of 10 than the Sell that has 6 and Buy that has 8.
I will let this be my guide, will wait till the Buy has the highest vote. Money investment need to be carefully planned. This is just my plan, you can advice or give it kudos.
I'll trust more the greed index than that vote meter of buying and selling. Well, we have our every way of determining if it's a good time to buy or not.
But most of us will start buying when we consider the price is low and not with that type of measurement just as what you've indicated and said to be what you'll be following.
Anyway, if you buy, just think of it as your permanent decision that can't be altered so that you will have no regrets.
But most of us will start buying when we consider the price is low and not with that type of measurement just as what you've indicated and said to be what you'll be following.
Anyway, if you buy, just think of it as your permanent decision that can't be altered so that you will have no regrets.
No right time other than for you to buy whenever you have the funding and hold the coin till you get enough profit. The market and people may be discouraging but the decision is yours to take
there's a right time to buy but for now you'll have to wait for it cause when you buy right now while the price is still high, yes you can still gain enough profit but, it may cost a lot of money but if will you buy it in a bearish and hold it thinking for long term investment it may be worth a shot.The image seem as if you’re following signal before investing. Although this could be right some other times but it is not entirely good to trust on them.
Do you know that trading is different from investment. In investment , you can do without checking the signal but I don't think you can do that in the trading.Usually checking of signal is applicable for the both, so are you indirectly telling us you can invest whenever the market is high is that what you mean?
This is wrong idea, during investment you need to check and study your market very well before jumping into and buy without knowing whether is about to dip or bull so during investment you must take precaution of these things as well. Check whether is the right time to buy and hold or not sometimes you may venture into market and it changes direction and turns bad on you.
As I can see, trading signals and analysis can be useful tools, they should be used carefully and as part of a broader investment strategy.
Probably these tools probably be useful in identifying opportunities for long-term investment, you need to make sure that you are using them in the right decision. Just like technical analysis can be used to identify potential trends and price movements that may affect the long-term performance of an asset, but you need to make sure that you are not making short-term trading decisions based solely on technical analysis.
The image seem as if you’re following signal before investing. Although this could be right some other times but it is not entirely good to trust on them.
Do you know that trading is different from investment. In investment , you can do without checking the signal but I don't think you can do that in the trading.Usually checking of signal is applicable for the both, so are you indirectly telling us you can invest whenever the market is high is that what you mean?
This is wrong idea, during investment you need to check and study your market very well before jumping into and buy without knowing whether is about to dip or bull so during investment you must take precaution of these things as well. Check whether is the right time to buy and hold or not sometimes you may venture into market and it changes direction and turns bad on you.
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