Now is the perfect time to invest in Bitcoin - page 7.

348Judah

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Quote from: RockBell on October 13, 2022, 05:09:07 AM

Considering the present market trend is actually best time to gather enough but don’t put all your life savings in bitcoin is just for individual to be strategic in time of accumulating once bull comes there won’t be regrets of not investing and accumulating enough if is alt coin your investing in do your research before investing, because most project are just hype before you know is either no buyer then the coin starts dumping.

If you must invest then make bitcoin the ultimate priority of your investment and not other centralized cryptocurrencies that will leave today and die tomorrow, the only digital currency that worth your investment and risk taking is with bitcoin, now it has another advantage to know wjen to buy especially this present condition at dip, the kind of wallet to use and the exchange indeed required all matters alot when taking a buying decision to invest in bitcoin.

Questat

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Quote from: ajiz138 on October 13, 2022, 07:36:28 AM

Quote from: RockBell on October 13, 2022, 05:09:07 AM

snip...

We don't have to consider anymore we have to be able to collect more Bitcoin in a way that we can and of course we shouldn't put all the money in Bitcoin, it's a wrong thing in my opinion, so there must still be financial considerations in everything that will be issued but if there is more money of your total expenses, you can invest in Bitcoin while it's cheap to buy, don't wait it's not good it will only slow it down.

I say never jump into useless altcoin investments, especially new projects that will all turn into shitcoins and just waste your time and money, we know more about altcoins, don't we? We should avoid this and be more consistent with Bitcoin as a more productive asset than other coins.

It is a situation that we need to think it over and over again. More people have lost their money due to investing wrong coins but it was not just like that as we might lose as well even investing in Bitcoin if we never know how to manage our funds wisely. Yes, we've never said that the current market condition is the perfect time to buy but considering the fact that buying low is a usual practice by most investors, I'd see this is a working strategy that we don't have to reject.

ajiz138

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Quote from: RockBell on October 13, 2022, 05:09:07 AM

Considering the present market trend is actually best time to gather enough but don’t put all your life savings in bitcoin is just for individual to be strategic in time of accumulating once bull comes there won’t be regrets of not investing and accumulating enough if is alt coin your investing in do your research before investing, because most project are just hype before you know is either no buyer then the coin starts dumping.

We don't have to consider anymore we have to be able to collect more Bitcoin in a way that we can and of course we shouldn't put all the money in Bitcoin, it's a wrong thing in my opinion, so there must still be financial considerations in everything that will be issued but if there is more money of your total expenses, you can invest in Bitcoin while it's cheap to buy, don't wait it's not good it will only slow it down.

I say never jump into useless altcoin investments, especially new projects that will all turn into shitcoins and just waste your time and money, we know more about altcoins, don't we? We should avoid this and be more consistent with Bitcoin as a more productive asset than other coins.

CryptoBuds

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Quote from: Rockstarguy on October 13, 2022, 04:26:13 AM

Quote from: uneng on October 12, 2022, 06:01:48 PM

Maybe it's not the perfect time yet, because bitcoin can continue losing value and as many have already bought bitcoin this year thinking they were buying the dip it might be risky if they continue acquiring more btcs on the currently moment. For new investors I would say it is a good moment to start holding, but for veteran investors I think it's a moment to wait and see how the market is going to behave soon.

Who ever wants to buy bitcoin now I don't think now is a wrong time to bitcoin. Many people bought bitcoin at 18k thinking that would be the last dip, even it bitcoin still goes dip I don't their will be much different of price. The dip ranges we have seen in this bear market I don't think it will be wrong for anyone that wants to buy bitcoin. This is a time to buy bitcoin in bit against the next bull market. The dip is not strictly for one particular people to buy, investor can buy and hodl.

I agree, it is possible that bitcoin will continue to lose value, but that is only an uncertain prediction. This is the right time for everyone, who has the need to buy and hold bitcoin regardless of newbies or veterans. I believe that even experienced people have no guarantee of knowing what the market will be like in the future. Bitcoin price that has dropped 70% could see that we are at the bottom or near the bottom, so there is nothing wrong with buying from now on.

Agbe

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Bitcoin price has also crossed the 18k mark today, indicating that it may drop back down to $17k or even more. But since no one can tell the actual future price of cryptocurrency will be, I am not completely sure that it will be. But looking at its behavior and looking at previous trading chats suggests that it might happen

The decreasing Mark or price of bitcoin was predicted before this time. It was predicted that, bitcoin price that is the dip will drop to 17 before the year will end and so the increasing price will reach 23k before the year will round out but as it is now I do think the price will still climb to 23k because as it is going down like this, before it will come up again, it will be the end of year.
For buying of bitcoin now is a good idea but money to buy is an another issue. But looking at the preceded years prices or the movement of the market, this year the price might come down to below 17k but I have not seen the 23k price which was predicted. The time to acquire more bitcoin is now but only if there is money to do that.

RockBell

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Considering the present market trend is actually best time to gather enough but don’t put all your life savings in bitcoin is just for individual to be strategic in time of accumulating once bull comes there won’t be regrets of not investing and accumulating enough if is alt coin your investing in do your research before investing, because most project are just hype before you know is either no buyer then the coin starts dumping.

Rockstarguy

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Quote from: uneng on October 12, 2022, 06:01:48 PM

Maybe it's not the perfect time yet, because bitcoin can continue losing value and as many have already bought bitcoin this year thinking they were buying the dip it might be risky if they continue acquiring more btcs on the currently moment. For new investors I would say it is a good moment to start holding, but for veteran investors I think it's a moment to wait and see how the market is going to behave soon.

Who ever wants to buy bitcoin now I don't think now is a wrong time to bitcoin. Many people bought bitcoin at 18k thinking that would be the last dip, even it bitcoin still goes dip I don't their will be much different of price. The dip ranges we have seen in this bear market I don't think it will be wrong for anyone that wants to buy bitcoin. This is a time to buy bitcoin in bit against the next bull market. The dip is not strictly for one particular people to buy, investor can buy and hodl.

uneng

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Maybe it's not the perfect time yet, because bitcoin can continue losing value and as many have already bought bitcoin this year thinking they were buying the dip it might be risky if they continue acquiring more btcs on the currently moment. For new investors I would say it is a good moment to start holding, but for veteran investors I think it's a moment to wait and see how the market is going to behave soon.

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Bitcoin price may dump or it may come down to 16-17 thousand dollars again but it doesn't look like it will drop more but since it is likely to go down some more so those who haven't bought Bitcoin so far should wait for a few more days then when the market normalizes or if If it goes to 17k again then buy and hold bitcoin. it will be a good entry

Has Bitcoin fallen to $16k during this bearish season?
As far as I know, the lowest price was around $17k. Please, correct me if I'm wrong!! Undecided

In the last few months, Bitcoin price was quite stable to survive above $18k. I tried several times to drop again to $17k, but it seems $18k is a strong wall. Because of the failure of the drop attempts under $18k, I am sure the price of Bitcoin won't have a chance to drop to $17k again or to $16k. The price of Bitcoin is likely to survive above $18k and it may gradually increase above $20k in the next few months.

milewilda

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Quote from: Oasisman on October 10, 2022, 04:14:35 PM

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Quote from: BobK71 on October 10, 2022, 01:27:03 AM

In trading we often skip the good times knowingly. When the time is right for us to buy, we get embarrassed by its negative buzz and sell despite losing many times. We can never expect anything good in such a situation. Bitcoin is at a low level right now. Exploiting the bearish period by buying more can lead to huge opportunities.

Bitcoin has been in a huge deep so far . But still its subsequent behavior cannot be predicted . Bitcoin has been behaving erratically for a long past . Which is losing the confidence of the buyers and holders . So I think that those who are already buying and holding Bitcoins should hold on to Bitcoins tightly. And those who haven't bought yet should wait for a few more days and buy Bitcoin when the market returns to normal

Do you guys think Bitcoin may fall deeper? Because IMO, $19k is a great buy though. Or maybe one can just DCA just to make sure you're not missing every dip than just waiting for Bitcoin to decline further. I'm not sure what's your definition of "normal" market, but I think Bitcoin's huge volatility is what makes it normal.
It's normal that we see huge swings every now and then. Huge dips may cause buyers to lose confidence, but it's actually a huge opportunity to buy rather than FOMOing on the latter when prices starts to climb back.

If you want you can. i have bought bitcoin at the price of $20k . it is not any problem for me. i am not worried for it. so you can definitely buy now if you can accept rick. but if you bought btc and if your porpos is to gain a huge profit then you must hold your bitcoin for long time as much as possible .

If you do have the money then keep DCA'ing but its true that entry point wont really be a bothersome if you do really accumulate bitcoin for long term purposes.Unless if you do go for short term then buying on higher
price is something that you cant really proceed on easily.You would be pertaining and aiming for the lowest price as possible.Perfect time to invest will really vary on someones preference.
Perfect time cant really be determined since there are different factors which would really be affecting your decisions towards your purchasing times.
There's no perfect time, its only the risk chance that you could really put into.

EarnOnVictor

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Quote from: BobK71 on October 10, 2022, 01:27:03 AM

In trading we often skip the good times knowingly. When the time is right for us to buy, we get embarrassed by its negative buzz and sell despite losing many times. We can never expect anything good in such a situation. Bitcoin is at a low level right now. Exploiting the bearish period by buying more can lead to huge opportunities.

Then such a person is not serious, I will always do what I want to do in terms of investment without thinking twice. I am well experienced, and it is best that we just close our eyes to invest when the risk is worth it. The higher our affinities to take risks, the better our chances to gain and be successful in life. Though we should take only reasonable risks, and with what I have known about Bitcoin, you should not think it twice when you see the 'Go' confirmation through the right channel of speculation.

Mauser

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Quote from: Shaha98 on October 01, 2022, 11:24:17 PM

Bitcoin price is currently 19302 dollars but the possibility of Bitcoin price increase from here is very high.And I think Bitcoin price in 2023 Chances of reaching $100,000 per year are very high so if one wants to invest then now is the best time to invest in Bitcoin.

If you invest at this time then you will definitely be able to reap huge benefits as I believe that Bitcoin price will increase greatly by 2023.

Bitcoins are definitely cheap right now compared to one year ago. I agree with you that it's a good time to buy some coins now if you have spare money that you like to invest. The problem many people have at the moment is that they don't have a lot of free money to invest in. Both rent and food prices have been rising a lot since the covid pandemic, while income didn't rise at the same rate. What makes you think that we are going to see prices above 100,000 USD next year? I am also optimistic when it comes to crypto currencies, but the economic forecasts are not that good for 2023. Many countries will see inflation numbers around 10% next year which is going to make everyday life very difficult. Less money to invest also means less demand for bitcoins, which will keep the price low. In my opinion it all comes down to if we the energy crisis will be fixed, otherwise we are not seeing a new ATH for bitcoins.

ChiBitCTy

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Now is a good time to invest in anything that you believe in. Whether it is bitcoin or something having to do with the stock market etc, almost all markets across the board are down, which is precisely the time when you do buy in. About the only thing I can think of that isn't getting crush right now is the housing market, but it might be starting to have issues itself here before long.

So dollar cost average in if you still believe in bitcoin.

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Quote from: Altryist on October 11, 2022, 06:17:15 AM

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Bitcoin price may dump or it may come down to 16-17 thousand dollars again but it doesn't look like it will drop more but since it is likely to go down some more so those who haven't bought Bitcoin so far should wait for a few more days then when the market normalizes or if If it goes to 17k again then buy and hold bitcoin. it will be a good entry

What if there is a rebound now, and we bounce 30K before continuing further decline? No one can know where the market will move next. I increasingly see that many people expect bitcoin to fall to 10k and even lower, I don’t know if this is possible, except in the event of some very serious force majeure and most likely it will be a short-term decline, if of course this happens. I still think that now it would be logical if the market bounced somewhere to the level of 25-30k, we are falling for too long.

Many people predict bitcoin to drop to $10k or so because we are in a bear cycle and previous bear cycles bitcoin is down 80%-85% since its last ATH, and the current reduction is about 70%. So, it is more likely that the bearish momentum of bitcoin has not stopped. We should keep in mind that apart from economic events or interest rate hikes that are weighing on the market making it impossible for the market to move up, we are in a winter cycle i.e. a 4 year down cycle that is repeating itself once again and we're only in our first year so it's still early to expect a bull run.

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Quote from: BALIK on October 10, 2022, 04:53:13 PM

Quote from: romero121 on October 10, 2022, 04:28:59 PM

Quote from: Wiwo on October 10, 2022, 04:11:58 PM

We should try as much as possible to stay away from Bitcoin market speculations as a holder and not constant draining of ourselves of our time trying to analyze or speculate the price of Bitcoin so at this moment what Bitcoin price will be in the next couple of years to come can't be speculated, just as you rightly said in the body of your statement in this post, Bitcoin was at a high price of $72k in 2020-2021 but in 2022 Bitcoin is struggling to retain the 20k price trench mark, so speculation of Bitcoin price is a total was of time.

Speculation is part of the market. Through observation it is possible to understand the real market progress. For now there is no big bullish move. The high price of bitcoin happened through demand. The demand happens out of continued speculation about the market. We can't say speculation to be waste of time. Whenever we get an opportunity to invest at a lower price it is good to make use of the opportunity which will help us experience the profiting at the earliest.

Speculation is part of the market but if we are long-term holders, speculating too much will be a waste of time. Up to now, the bitcoin price has dropped a lot, maybe 70% of its ATH so this is considered a good price for us to accumulate and hold. It is possible that bitcoin will continue to fall but will not be able to drop more so speculation, in this case, is not very effective, since it is a long-term holding, the increase or decrease of 5% -10% is not significant.
The current market volatility depends on economic news and the military situation, so analysis and speculation based on charts are almost useless.

This isn't the best entry time for long-time holders, since the price of Bitcoin is relatively low now compared to Bitcoin's all-time high price which is about 70% higher than the price of Bitcoin right now. Long-term holders are bullish on Bitcoin accumulation presently and if the price continues to dip more weak hands will sell and the bag holders will continue to accumulate more Bitcoin.

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Bitcoin price may dump or it may come down to 16-17 thousand dollars again but it doesn't look like it will drop more but since it is likely to go down some more so those who haven't bought Bitcoin so far should wait for a few more days then when the market normalizes or if If it goes to 17k again then buy and hold bitcoin. it will be a good entry

What if there is a rebound now, and we bounce 30K before continuing further decline? No one can know where the market will move next. I increasingly see that many people expect bitcoin to fall to 10k and even lower, I don’t know if this is possible, except in the event of some very serious force majeure and most likely it will be a short-term decline, if of course this happens. I still think that now it would be logical if the market bounced somewhere to the level of 25-30k, we are falling for too long.

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Quote from: Oasisman on October 10, 2022, 04:14:35 PM

~snip~
Do you guys think Bitcoin may fall deeper? Because IMO, $19k is a great buy though. Or maybe one can just DCA just to make sure you're not missing every dip than just waiting for Bitcoin to decline further. I'm not sure what's your definition of "normal" market, but I think Bitcoin's huge volatility is what makes it normal.
It's normal that we see huge swings every now and then. Huge dips may cause buyers to lose confidence, but it's actually a huge opportunity to buy rather than FOMOing on the latter when prices starts to climb back.

That's the thing though, a few years ago saying $19k is a great buy would have been crazy, but only a year ago it would have been an amazing price. Things keep changing all the time.

No one knows what will happen in the future, but of course, based on the fundamentals, Bitcoin should increase in value over the long term.

I agree that maybe DCA is the simplest way to accumulate wealth with Bitcoin, without using too much of your time trying to make the right decision at the right time.

BALIK

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Quote from: romero121 on October 10, 2022, 04:28:59 PM

Quote from: Wiwo on October 10, 2022, 04:11:58 PM

We should try as much as possible to stay away from Bitcoin market speculations as a holder and not constant draining of ourselves of our time trying to analyze or speculate the price of Bitcoin so at this moment what Bitcoin price will be in the next couple of years to come can't be speculated, just as you rightly said in the body of your statement in this post, Bitcoin was at a high price of $72k in 2020-2021 but in 2022 Bitcoin is struggling to retain the 20k price trench mark, so speculation of Bitcoin price is a total was of time.

Speculation is part of the market. Through observation it is possible to understand the real market progress. For now there is no big bullish move. The high price of bitcoin happened through demand. The demand happens out of continued speculation about the market. We can't say speculation to be waste of time. Whenever we get an opportunity to invest at a lower price it is good to make use of the opportunity which will help us experience the profiting at the earliest.

Speculation is part of the market but if we are long-term holders, speculating too much will be a waste of time. Up to now, the bitcoin price has dropped a lot, maybe 70% of its ATH so this is considered a good price for us to accumulate and hold. It is possible that bitcoin will continue to fall but will not be able to drop more so speculation, in this case, is not very effective, since it is a long-term holding, the increase or decrease of 5% -10% is not significant.
The current market volatility depends on economic news and the military situation, so analysis and speculation based on charts are almost useless.

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Quote from: Wiwo on October 10, 2022, 04:11:58 PM

We should try as much as possible to stay away from Bitcoin market speculations as a holder and not constant draining of ourselves of our time trying to analyze or speculate the price of Bitcoin so at this moment what Bitcoin price will be in the next couple of years to come can't be speculated, just as you rightly said in the body of your statement in this post, Bitcoin was at a high price of $72k in 2020-2021 but in 2022 Bitcoin is struggling to retain the 20k price trench mark, so speculation of Bitcoin price is a total was of time.

Speculation is part of the market. Through observation it is possible to understand the real market progress. For now there is no big bullish move. The high price of bitcoin happened through demand. The demand happens out of continued speculation about the market. We can't say speculation to be waste of time. Whenever we get an opportunity to invest at a lower price it is good to make use of the opportunity which will help us experience the profiting at the earliest.

Oasisman

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Quote from: BobK71 on October 10, 2022, 01:27:03 AM

In trading we often skip the good times knowingly. When the time is right for us to buy, we get embarrassed by its negative buzz and sell despite losing many times. We can never expect anything good in such a situation. Bitcoin is at a low level right now. Exploiting the bearish period by buying more can lead to huge opportunities.

Bitcoin has been in a huge deep so far . But still its subsequent behavior cannot be predicted . Bitcoin has been behaving erratically for a long past . Which is losing the confidence of the buyers and holders . So I think that those who are already buying and holding Bitcoins should hold on to Bitcoins tightly. And those who haven't bought yet should wait for a few more days and buy Bitcoin when the market returns to normal

Do you guys think Bitcoin may fall deeper? Because IMO, $19k is a great buy though. Or maybe one can just DCA just to make sure you're not missing every dip than just waiting for Bitcoin to decline further. I'm not sure what's your definition of "normal" market, but I think Bitcoin's huge volatility is what makes it normal.
It's normal that we see huge swings every now and then. Huge dips may cause buyers to lose confidence, but it's actually a huge opportunity to buy rather than FOMOing on the latter when prices starts to climb back.

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