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Topic: Maybe I should wait before owning my bitcoin - page 3. (Read 737 times)

sr. member
Activity: 448
Merit: 264
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.
As for me it is not some time but at all time. If a trade did not check signal before entering the market, my brother he will not survive in the market, so he has to do some research and check the market to know the movement of the market. 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.
sr. member
Activity: 1372
Merit: 348
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.

You wait, wait, and wait for the price of Bitcoin to go down, but instead of going down it just keeps going up. Finally you decide to buy when the Bitcoin price is high enough, but you buy it when the market is aggressive, in the end you lose money and regret it.

It the price of Bitcoin is surging and has increased by a huge percentage from the time it started, then I think it is wise to wait for the correction in order to get into the market with lower price.  It is not bad to wait for a better opportunity of buying Bitcoin at a lower price if and only if the market is surging and is yet to experience correction.

What lessons can be learned? don't delay buying Bitcoin. If you have the opportunity to buy now, do it. Don't delay any longer.

The lesson to be learned is not about delaying or not delaying.  It is about the market entry timing. We should know better that rushing to invest in Bitcoin without considering the market trend and performance for the past weeks or months can often lead us to a wrong entry point.  Like those who are in rush to invest when Bitcoin are in its peak and those who missed to invest when the market is in its  bearish sentiment and at the lowest entry point.  It is the right timing that we must learn if we wanted to maximize profit in Bitcoin trading.
member
Activity: 532
Merit: 13
If you decide not to buy now sure if not determined that your Salary will be spent on frivolous things. Personally, for me, I won't wait for any dump or to see the market, once I have my money I will buy, what is now left for me is to hold the coin until I profit as much as I want.
full member
Activity: 868
Merit: 202
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.

You wait, wait, and wait for the price of Bitcoin to go down, but instead of going down it just keeps going up. Finally, you decide to buy when the Bitcoin price is high enough, but you buy it when the market is aggressive, in the end you lose money and regret it. What lessons can be learned? don't delay buying Bitcoin. If you have the opportunity to buy now, do it. Don't delay any longer!
copper member
Activity: 2968
Merit: 575
www.Crypto.Games: Multiple coins, multiple games
Yeah, I think it is always wise to wait before buying your Bitcoin. By "wait", I mean being ready and understanding everything before jumping in with your money. It's always better to be safe than sorry, especially when it comes to money investment. Tradingview is actually a good platform to read the charts, and though I haven't read the guides, I am sure it would be of some use/help. Still better to follow multiple legit source than to stick with one source. Always remember that it's important to have a carefully planned strategy when investing in crypto, and always take the time to study the market and charts if you want to invest successfully.Remember to do your own research and make informed decisions based on what you learned. Not on what others told you.
member
Activity: 1165
Merit: 78
I think you need to wait somehow as the monthly advice says because you're still convinced about what you read want exactly based on everything you just said now and you need to be sure about that before you proceed with your Bitcoin journey.
Bitcoin is $27k currently, of which I don't think that's a bad price for O.P. not to invest in as much as he/she intends to hold the coin for a very long term (but only if he doesn't have the money currently). Secondly, if that market signal was to be 100% accurate, I bet you all Bitcoin holders would have been a millionaire by now because all they would have to do is just wait till when the signal says "Buy" they buy and sell when the signal says "Sell' and take profit every time. But I will love to surprise you that that sign does not work as you think, and as such I will like to advise O.P to try and have a budget and buy an amount of Bitcoin he/she can always afford at that very moment, knowing fully well that it's not a Ponzi scheme where he should be thinking of getting rich overnight
I never follow signals. What is used is the historical market trend cause it never lies since the Bitcoin market always replicates its previous trend.
With that being said, the OP plan was not to invest in Bitcoin. His plan was to trade BTC and he has yet to understand what crypto trading is and what he really wants for himself which is why I advise him to wait until he understands what he really wants.
hero member
Activity: 840
Merit: 570
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.

Yes, there is always a good moment to buy.and this period is known as a bear market, and it occurs when the price of Bitcoin is falling.The fundamental issue, however, is that it can be challenging to forecast when Bitcoin will hit its lowest price and, more recently, when the bear market will end. As a result, many people who constantly time the market end up missing out on opportunities of bear market period.

I think any investor who buy Bitcoin at the current price and keep it for a long time before selling it, it will make a profit.If Bitcoin's maximum price during the previous bull run was $60k+ and the current price is $28k, I think anyone who buys now will earn a good profit during the bull run. Due that nobody can accurately predict when the price of bitcoin will rise or fall, it is still a smart idea to purchase it at this price average level.
sr. member
Activity: 2184
Merit: 251
SOL.BIOKRIPT.COM
~snip~

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.

You can try DCA if you're not good at reading the chart, if you're waiting for Bitcoin till the next bull movement you're already missing the current opportunity. Bitcoin can down 10% in a day and up 10% in a day so waiting for Bitcoin to have a vote that has Buy more compare to sell like you do, you will miss the train  Roll Eyes
full member
Activity: 443
Merit: 110
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.
sr. member
Activity: 2828
Merit: 357
Eloncoin.org - Mars, here we come!

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.



It is your money mate so you must be the one to decide and make it happen.but
if you are going to ask us of how to handle this?
better not to wait for that long because the market may change anytime and you will regret of waiting than buying when you have a chance.
this may be a good guide but remember that experienced members is the best guide you may use.
legendary
Activity: 1792
Merit: 1296
Crypto Casino and Sportsbook
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.



Why wait? Better purchase price? I understand your desire to maximize your profitability, but I think that these attempts to wait for the best entry point are a waste of time. Just do it and don't worry. That's how I would say. This is not a call to action and you must make the decision yourself.

Some people can wait a very long time for bitcoin's fall even further. They wait and wait, but time goes by and they never buy. They live with some kind of naive hope that one day they will definitely buy as soon as btc becomes cheaper. Bitcoin drops in price, but they still don't buy and find new excuses for themselves. Don't be like that.

You are absolutely right that money investments should be taken seriously. But in the case of bitcoin, the rule works (so far it has worked) that whenever you buy, sooner or later it will pay off (it only depends on the waiting time). So, don't get carried away with a long wait to start.
sr. member
Activity: 882
Merit: 215
#SWGT CERTIK Audited
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.

It is always wise to exercise caution before making any investment decisions, especially when it comes to volatile assets like Bitcoin. Although you may be excited to enter the cryptocurrency market because in recent days corrections are very prone and Bitcoin charts show a downward trend. yes, I think it's better to just wait and see where the wind goes because the trading experience of each individual is definitely different and not all the same.


All I'll say is that most people that wait a long time to get into Bitcoin end up regretting that they waited so long.

I want to clarify that the statement "most people who waited a long time to get into Bitcoin end up regretting that they waited so long" is a subjective claim that has no verifiable evidence to support its validity. While it may be true that some individuals who hold off on investing in Bitcoin have missed out on potential profits, there are also many factors to consider, such as the volatility and unpredictable nature of the cryptocurrency market.

So, instead of rushing to invest based on FOMO (fear of missing out), it's better to take a breath first and continue to analyze market trends and risks and then make informed decisions based on personal financial goals and risk tolerance. I think that's how it should be and maybe better.
hero member
Activity: 2632
Merit: 833
Electrum wallet is undoubtedly the best as a complete wallet with more security in terms of wallet. As per your statement you have prepared everything and are just waiting for your monthly salary. This decision can be the best decision of your life. Since you have some idea about trading. Having some idea about trading and having no idea are two different things. Since you are able to read the chart and have some idea about it you try to move forward using that idea. If you keep doing this regularly, you can convert your minimal idea into much bigger idea.

It's going to be good for him, he is lucky that he find the Electrum wallet when he was still in the beginning. For me, I didn't research that much when I started to go back to bitcoin. I have some before, but I might have lost it already. As for investing, if the OP is going to wait for paycheck after paycheck to invest on bitcoin, then yes, as what the majority says, it's better to do DCA. It will greatly benefited him in the long run, he can do weekly or bi-weekly, or whenever his paycheck arrives.
sr. member
Activity: 1386
Merit: 406
Electrum wallet is undoubtedly the best as a complete wallet with more security in terms of wallet. As per your statement you have prepared everything and are just waiting for your monthly salary. This decision can be the best decision of your life. Since you have some idea about trading. Having some idea about trading and having no idea are two different things. Since you are able to read the chart and have some idea about it you try to move forward using that idea. If you keep doing this regularly, you can convert your minimal idea into much bigger idea.
full member
Activity: 1442
Merit: 108
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.




There is no need to hurry with the investment. First part in investing in anything, should be to make yourself aware about that thing. So, to be able to invest in crypto properly, you should first do all the research about bitcoin. Bitcointalk can be a good source for this. There are different sections here dedicated to different aspects of crypto. You can read the investment journeys of other members and there returns. Also, start with small investments first. Do not invest more than what you can afford to loose.
hero member
Activity: 798
Merit: 509
Leading Crypto Sports Betting & Casino Platform
Most probably i think you should wait before owning a bitcoin. Make a research first and study further the market, enhance your skills as well in investing. No one can really tell what will happen to the market if it will go down or if it will goes up. Wait for the market to go downwards and set a target price on your target investment. While waiting you can stake a stable coin so that your funds would earn some percentage while waiting for your target price of bitcoin. Do not be so desperate just keep calm and have more patience.

If you're advising someone to invest in Bitcoin that's a decentralized project, you shouldn't be suggesting they also be investing in a centralized project like stablecoin and asking them to stake it. Stablecoin are not good project to be investing in.

Be careful of the high APY those stablecoin promises when you stake your coins with them either through exchange or their staking platform, they can fail you at anytime or the value of your investment goes to zero because of the collapse of the stablecoin.

Buy Bitcoin, you shouldn't be waiting to buy Bitcoin instead you're meant to buy then wait. You have to ignore the price movement since you're not a trader, your concern should be profiting on the long run.
sr. member
Activity: 1610
Merit: 264
I agree with Zaguru12 and many others about the DCA as a reasonable option for investments. It's easy to do, a popular strategy, and you sort of win some and lose some because sometimes you invest at a good time and sometimes at a not-that-good time, but it's alright in the end. Of course, everyone should do what feels right to them, and it's totally reasonable to just watch the market for some time and then decide when to invest, how much to invest and which strategy to use (if any).
Let alone any articles out there. I usually just use articles like Forbes or Yahoo Finance as a guide or at least just an idea through data provided whether I would just sell or buy. There's likely a possibility that some even articles sites are paid to drive the decisions of the public, don't you think?
And yeah, DCA would kinda save you from the possible headaches when you do the opposite and impulsive buying.

You need a real person to talk toface to face and not so machine telling you when to buy or not based on people's vote. A reason for this is that you have an investment plan crafted for you .

Hey, take your time researching on Bitcoin. There are many ways to invest whether when the price is up or down. Read it up. Ask questions and make your decision on which to follow. If you ask me everyday is a good day to buy some. Bitcoins, it depends on who you ask.

Most of the time, you don't need to. Mentorship is a plus, but sometimes getting a network to teach you is a pain in the ass. If you can handle the research all by yourself since the resources are free anyway in the internet, do it most of the time.

full member
Activity: 325
Merit: 136
Most probably i think you should wait before owning a bitcoin. Make a research first and study further the market, enhance your skills as well in investing. No one can really tell what will happen to the market if it will go down or if it will goes up. Wait for the market to go downwards and set a target price on your target investment. While waiting you can stake a stable coin so that your funds would earn some percentage while waiting for your target price of bitcoin. Do not be so desperate just keep calm and have more patience.
hero member
Activity: 2926
Merit: 722
DGbet.fun - Crypto Sportsbook
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.



You dont really need for any vote because the answer would really be depending on you because if you are really that mindful about its price then you would be depending on you whether you would
really go for short term or long term which means that if you are mindful about cheap price entry spot then you are likely going for short term trades but if you dont mind with the current price
and you are really that dying on trying to get one or own some bitcoins then do it. You wont really be needing any community response or voting because it would really be depending on you.
There's no need to wait because the market now is still that lying low which its considerable to enter before bullish market starts.

You need to decide for yourself OP, not just because some website told you to wait, it should be on your own volition not to mention that there's a probability that that website is going to tell you to buy when the market is already going up and nearing it's peak. The best way to do something is to start something.
Yes, this is what im saying above that dont make yourself get influenced by any feedbacks or suggestion or any websites telling on what you should gonna do.
We are all speculators on here which it would be normal that approach and comments would really be entirely be different into each other.
Listen into your own head and emotion or feelings whether you do need to buy or hold a little more.
We do have our own will on doing so.
member
Activity: 322
Merit: 10
Waiting for the right time to invest can be a smart move, especially if the charts and expert advice suggest that the price of bitcoin may continue to drop in the short term.

You may want to consider diversifying your portfolio by investing in other assets, such as stocks or bonds, to spread out your risk. Additionally, make sure that you're investing an amount that you can afford to lose, as the value of Bitcoin can be volatile and unpredictable.

it's up to you to make the final decision about when to invest in Bitcoin. Keep researching, stay informed, and make a decision that you feel comfortable with. Good luck
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