Newbie/Student investing problems :) (PS: Not asking for your money XD)

Pffrt

sr. member

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If you wait for BTC to get lower in price, you may end up buying a big unit with FOMO which may cause you a panic sell later. I would recommend to follow DCA simply. That would be the best start for newbie.

Damien42530000

newbie

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Merit: 0

Quote from: Police Indo on August 09, 2019, 09:33:28 AM

Quote from: Damien42530000 on August 08, 2019, 03:34:52 PM

Quote from: Harlot on August 08, 2019, 03:29:24 PM

-snip-

Ok nice thanks a lot. If I may ask u ur opinion on what that range price would be to go " all in " (not really all in since its just 200 a month). Something like 7-9k USD ? lower ? higher ? . I also forgot to mention than it would be a long term investment. I won't sell till BTC hits 35-50K USD.

If your goal is a long-term investment, like selling up to 35K, I don't think if the 10 / 9K difference is a problem. most importantly if you already have enough money, then you must observe the BTC trend that is happening, it's better. indeed prices always go up and down, if you see the current conditions Bitcoin tends to be rising, it's better to wait a little down. i think could go back down to $ 9K.

Yeah exactly. And I really started looking at the prices everyday the past 2-3 weeks and it kept going up and the vast majority of the people were saying BTC was holding strong at 11K and looking to break 12K+ resistance which would set the price to be 11K minimum and never go under but I wasn't sure
Idk how far down BTC will go and what price it would nice to buy cause I don't mind keeping fiat money for a while till I find the appropriate time to buy BTC.

I know I should make my own opinion about those stuff and I try to do. Like I think BTC will be huge in a few years that is why I want to invest but the only thing I can't figure out is when to buy. I agree that if my goal is 35-50K like I said it doesn't really matter if I buy at 10 or 11K but I like to be safe and make the most profit out of it . The thing that most pisses me off is that BTC was around 3-4K USD for 6 month this year but I couldn't do much about since I didn't have money to use by that time. And now it's 11Kish and I don't know if it will drop low like it did before or not. I definitely don't wanna miss out the next big rush and it would be stupid to miss for a few 5-6K difference but then again 5-6K is something to consider even for long term investment I think. I try looking at the pros and cons but can't pick a side.

What im thinking of doing is saving those 200/month as fiat money till BTC drops to below 10K USD then buy since I truly don't wanna miss the next rush and if it ends up going down as low as 7-8K USD I ll be a but sad but that's the game

What are ur opinions on how low BTC could go till it rises up again ? if it is ur point of view of course

and if its not im interested also .Thanks

Police Indo

full member

Activity: 649

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Quote from: Damien42530000 on August 08, 2019, 03:34:52 PM

Quote from: Harlot on August 08, 2019, 03:29:24 PM

-snip-

Ok nice thanks a lot. If I may ask u ur opinion on what that range price would be to go " all in " (not really all in since its just 200 a month). Something like 7-9k USD ? lower ? higher ? . I also forgot to mention than it would be a long term investment. I won't sell till BTC hits 35-50K USD.

If your goal is a long-term investment, like selling up to 35K, I don't think if the 10 / 9K difference is a problem. most importantly if you already have enough money, then you must observe the BTC trend that is happening, it's better. indeed prices always go up and down, if you see the current conditions Bitcoin tends to be rising, it's better to wait a little down. i think could go back down to $ 9K.

Damien42530000

newbie

Activity: 5

Merit: 0

Thanks a lot for all ur advices. From what I have read and the option u guys told me where the best and since I m mostly going for long term I ll just buy BTC every time I have the possibility knowing that those 200e/month won't restrain me from living like I'm currently. It isn't money I need badly right now, I can afford to invest it.

Thanks again and take care guys

jossiel

hero member

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DGbet.fun - Crypto Sportsbook

If you are capable to do it monthly and you believe on long term position the process and strategy that you have to do is to accumulate. Do it with the time that you have set.

Buy 200 euros monthly no matter what the price is. 1 BTC = 1 BTC all of the time. The mindset that you should have is you'll buy no matter what the price is because you believe that the price will become higher in the near future. However, as long as its on a dip that's the time that you will buy and accumulate.

CryptopreneurBrainboss

legendary

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eXch.cx - Automatic crypto Swap Exchange.

Here's an advice I always follow, Don't wait to invest, invest and wait. Although this totally depends on your intended period of investment. Since your capital isn't ready (just fractions as you said in OP) i would advice you either buy into the market when ever those funds are available or buy in at the end of the month with the 200€. Your target shouldn't be about catching the next bull run you might miss the big picture by so doing. Buidl your wallet until you have enough bitcoin you can get your hands on, the future is bright. You're still a student use that as an advantage, buidl your account for your future don't look at the price of bitcoin now. That's all I have to say.

My advice are strictly based on long term investment, if you insist on recieving short term advice then you're better off learning how to trade so you can capitalize on the ups and downs of the market.

leowonderful

legendary

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Bitcoin FTW!

A pretty safe way to invest that I've been using for quite some time is dollar cost averaging- buying in a set amount every set number of weeks so I average out my entry and don't go all in at one price point. There's really no 'best' way of buying into anything in the end; you could also try going all in at one entry point once you've determined what price is a good buy in point through doing technical analysis as well.

harizen

legendary

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Merit: 1398

For support ➡️ help.bc.game

We don't know how's your financial status. You know your capability about spending money more than us. Therefore, try to analyze if you can afford to buy at a certain price rate. The trend is also changing so determining the "best" buying price may vary to each other.

Not a friendly advice but if your goal is just to accumulate bitcoin and plan to hodl it for long, then consider any price rate to make an entry. But to plan for selling it sooner or later or take advantage of the price swing, you need a bit of experience here watching the price since listening to advice will just make you more confused.

Quote from: Damien42530000 on August 08, 2019, 03:19:04 PM

BUT idk if it will drop . This is why I need you...

No one knows.

Damien42530000

newbie

Activity: 5

Merit: 0

Quote from: Harlot on August 08, 2019, 03:29:24 PM

You might be referring too DCA here or dollar cost averaging where you don't really care for the price and just buy and buy on a given period and to tell you honestly it won't work in the crypto market. DCA isn't even a good investment method where you don't value the current price of an asset, it doesn't really maximize your capital because you don't care about the fluctuations happening. Two things are hurting here and one is your earning potential and two is the margin of safety you are stretching because of the random prices you are buying BTC. If I were you I'll just wait for the perfect opportunity where I can spend everything I save on a perfect bottomed out price.

Ok nice thanks a lot. If I may ask u ur opinion on what that range price would be to go " all in " (not really all in since its just 200 a month). Something like 7-9k USD ? lower ? higher ? . I also forgot to mention than it would be a long term investment. I won't sell till BTC hits 35-50K USD.

Harlot

hero member

Activity: 1806

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You might be referring too DCA here or dollar cost averaging where you don't really care for the price and just buy and buy on a given period and to tell you honestly it won't work in the crypto market. DCA isn't even a good investment method where you don't value the current price of an asset, it doesn't really maximize your capital because you don't care about the fluctuations happening. Two things are hurting here and one is your earning potential and two is the margin of safety you are stretching because of the random prices you are buying BTC. If I were you I'll just wait for the perfect opportunity where I can spend everything I save on a perfect bottomed out price.

Damien42530000

newbie

Activity: 5

Merit: 0

Hey guys and girls,

I'm a 4th year dentistry student in Europe and I missed the 2017 BTC rush. I never had much BTC in my wallet. I mostly use it for Betting like 50e/month when I feel like it. Since I ll be able to save/invest around 50e/WEEK : 200e/month next year im looking directly into Bitcoin.

My main question is should I just buy whevener the price is 10-11Keuros (11,5-12,5k USD ) the 200 each month that I get or I should save those 200e/month till BTC drops to a lower price and buy in a large amount at that time ? BUT idk if it will drop . This is why I need you. I definitely don't wanna miss the next big rush but I also don't wanna buy BTC at the wrong time. Kinda wanna know when should be a good time to buy. like I don't expect BTc to drop to 2K like it did last year but idk what amount in euro/USd is a MUST buy of BTC.

If u had any advice other than just trust urself for investing that would be super cool.

Thanks in advance and sorry for my weird English.

Topic: Newbie/Student investing problems :) (PS: Not asking for your money XD) (Read 200 times)