Time to buy Bitcoin? | Bitcointalksearch.org

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Quote from: Smitty Werben Man Jensen on November 21, 2019, 09:53:22 AM

Quote from: romero121 on November 19, 2019, 07:58:27 PM

The market trend isn't completely understandable, there is more price drop than expected. If it keeps up to gain momentum there'll be forward push in the price. If that happens then we can expect gradual growth as it is nearing the final month of the year. Same time if the drop happens with specific time interval there are chances for massive fall in the price of bitcoin followed will be the altcoins. So, it is good to wait for a short and make decision whether to invest right now or hold it.

it seems now is the time for you to set it up, the price of bitcoin is stuck at $ 7800 now,
you can buy some of your money in Bitcoin, or part of the altcoin that you trust, I'm sure tomorrow Bitcoin will go up again

And this is why trading or investing in any market is so hard, the price is still going down and for a time it went below 7000 and it is likely that we will close below 7300, at some point you need to take a decision, you need to be willing to accept that it is impossible to take decisions that are completely perfect, someone buying at 7800 may be lamenting his decision to buy at that price as the price is still going down but if you believe that the price at which you are buying is good then you need to do it.

Obviously there is a risk of short term losses if you do this but if you actually took the time to analyze the markets then most likely you will get close enough to the bottom and in the long term you will obtain good profits.

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Quote from: romero121 on November 19, 2019, 07:58:27 PM

The market trend isn't completely understandable, there is more price drop than expected. If it keeps up to gain momentum there'll be forward push in the price. If that happens then we can expect gradual growth as it is nearing the final month of the year. Same time if the drop happens with specific time interval there are chances for massive fall in the price of bitcoin followed will be the altcoins. So, it is good to wait for a short and make decision whether to invest right now or hold it.

it seems now is the time for you to set it up, the price of bitcoin is stuck at $ 7800 now,
you can buy some of your money in Bitcoin, or part of the altcoin that you trust, I'm sure tomorrow Bitcoin will go up again

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The market trend isn't completely understandable, there is more price drop than expected. If it keeps up to gain momentum there'll be forward push in the price. If that happens then we can expect gradual growth as it is nearing the final month of the year. Same time if the drop happens with specific time interval there are chances for massive fall in the price of bitcoin followed will be the altcoins. So, it is good to wait for a short and make decision whether to invest right now or hold it.

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Quote from: STT on November 18, 2019, 04:27:37 PM

No the advice given is often buy and leave well alone, over speculation or excessive activity can be a negative. Over the years, many people have been involved in crypto and sensed this was a sell area only to find the long term gains were of far greater magnitude. Just like now, today this could be a sell and I dont disagree but by the end of the year its easily a buy again as it all depends on the period to hold for.

Then it's not "investment, over time" but "investment, one-time", I totally misunderstood that part.

But I have a question, how sure are you that trading frequently is a bad thing? And how certain you are that holding is a good thing?

Isn't it trading causes the decrease (eventually, eliminates) of volatility? IIRC, the massive one-time buy in 2017 made a huge bubble, and holding them didn't help Bitcoin either--made it worse actually.

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Quote from: DaftAjax on November 17, 2019, 10:30:59 AM

Quote from: STT on November 16, 2019, 07:58:57 PM

Trading is far harder then investment over time, the main decision is on market being suitable to hold and in an area of growth.

But isn't investing over time needs trading as well? In fact, it's a necessity when constantly investing in something. We should always check the charts whenever we invest in that particular currency (whatever you wanna call it), to have the most optimal profit (over time).

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I do think alternatives to the status quo of conventional FIAT is a growth area, nothing is for certain but Bitcoin has a good chance of success and capturing part of this sector growth.

That's what Bitcoin supposed to be but look at it now. It became an asset rather than being the "alternative", and it's sad that the "growth area" we're seeking isn't as clear as we perceive it to be. Exposure isn't the problem from Bitcoin as of now, it's the utilization and adaptation we should be concerned about. And how can we utilize an "asset"? NO, we don't, we hold it. And I think people would still just hold their Bitcoins, considering what happened in 2017.

Exactly at this time, it’s the worst thing to utilize your investment but it's much better to hold as holding is always profitable for us. It’s not good to panic your coins those who sell at panic will suffer only loose. We can invest our money now and hold in 2017 people who have been holding for huge profit won, but those who sold before 2017 become sad and they regret at the end.

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Quote from: cutesgirl on November 17, 2019, 01:47:04 AM

Quote from: clickerz on November 15, 2019, 05:04:34 AM

Quote from: yulionoo on November 14, 2019, 10:59:57 PM

yes I agree with you I also always give a target when I will sell my coins. when the coins that I hold have experienced a 50% increase then I will sell them. if after selling the price of the coin goes up again I will not regret it because I already made a profit. but if I continue to hold the coin too long without a target and keep hoping the coin will rise again. I will be disappointed when the coins go down because they do not get profits because expectations do not match reality.

This is another lesson I want to employ. I learned it the hard way because I have some coin at has no value at all now. This is a piece of sound advice especially if you are starting on cryptocurrency especially on altcoins or tokens. Don't hold for too long especially the project is new and just launch, big whales will dump their holdings as long as they have profit.

Invest looking which condition how bitcoin and altcoin price, never look with bitcoin have down or lower price become god chance for investing, how if bitcoin take down again and not raise up. There are always have chance with bitcoin goes down and up but think with good analyze for bitcoin when is up before invest your money.

and if face this condition we have to be calm, dont be panic or even selling our asset when we see bitcoin or altcoin price drop. We must admit that current condition still not good, their is no confidence that could make us courage to buy crypto currency again.

And in near future i see bitcoin still have chance to drop again ,if we have no floating minus position we could start buy it again to accumulate our bitcoin amount.

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Quote from: DaftAjax on November 17, 2019, 10:30:59 AM

But isn't investing over time needs trading as well?

No the advice given is often buy and leave well alone, over speculation or excessive activity can be a negative. Over the years, many people have been involved in crypto and sensed this was a sell area only to find the long term gains were of far greater magnitude. Just like now, today this could be a sell and I dont disagree but by the end of the year its easily a buy again as it all depends on the period to hold for.
Its reasonable to keep track of a sector, the level of BTC dominance and other ideas. I was currently reading about Turkey possibly entering with some use of crypto, it has suffered problems from its distance to dollar and of course China announced some crypto activity. Thats all fundamentals, its easily arguable its best not to trade but holding over a year is reasonable. A separate amount could be traded but they are two different things because the time frames are so different.

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Quote from: yulionoo on November 14, 2019, 10:59:57 PM

yes I agree with you I also always give a target when I will sell my coins. when the coins that I hold have experienced a 50% increase then I will sell them. if after selling the price of the coin goes up again I will not regret it because I already made a profit. but if I continue to hold the coin too long without a target and keep hoping the coin will rise again. I will be disappointed when the coins go down because they do not get profits because expectations do not match reality.

This is not a bad strategy but do you have any way to get back in the market if the coins you were holding keeps going up? I ask this because it is easy to say that if you earn 50% you will be happy with your results but how many people were early adopters of bitcoin and sold their bitcoin for a cheap price and they are now regretting their decision even when they got profits out of it.

A trading strategy in order to be complete not only should tell you when to get in the market and out of it, it should also have a way to tell you if it is good idea to get back in a coin which you have recently sold.

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Quote from: STT on November 16, 2019, 07:58:57 PM

Trading is far harder then investment over time, the main decision is on market being suitable to hold and in an area of growth.

But isn't investing over time needs trading as well? In fact, it's a necessity when constantly investing in something. We should always check the charts whenever we invest in that particular currency (whatever you wanna call it), to have the most optimal profit (over time).

Quote

I do think alternatives to the status quo of conventional FIAT is a growth area, nothing is for certain but Bitcoin has a good chance of success and capturing part of this sector growth.

That's what Bitcoin supposed to be but look at it now. It became an asset rather than being the "alternative", and it's sad that the "growth area" we're seeking isn't as clear as we perceive it to be. Exposure isn't the problem from Bitcoin as of now, it's the utilization and adaptation we should be concerned about. And how can we utilize an "asset"? NO, we don't, we hold it. And I think people would still just hold their Bitcoins, considering what happened in 2017.

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Quote from: clickerz on November 15, 2019, 05:04:34 AM

Quote from: yulionoo on November 14, 2019, 10:59:57 PM

yes I agree with you I also always give a target when I will sell my coins. when the coins that I hold have experienced a 50% increase then I will sell them. if after selling the price of the coin goes up again I will not regret it because I already made a profit. but if I continue to hold the coin too long without a target and keep hoping the coin will rise again. I will be disappointed when the coins go down because they do not get profits because expectations do not match reality.

This is another lesson I want to employ. I learned it the hard way because I have some coin at has no value at all now. This is a piece of sound advice especially if you are starting on cryptocurrency especially on altcoins or tokens. Don't hold for too long especially the project is new and just launch, big whales will dump their holdings as long as they have profit.

Invest looking which condition how bitcoin and altcoin price, never look with bitcoin have down or lower price become god chance for investing, how if bitcoin take down again and not raise up. There are always have chance with bitcoin goes down and up but think with good analyze for bitcoin when is up before invest your money.

STT

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I invest on monthly
basis, from my salary.

Regular investment is a reasonable investment strategy. I think its called dollar cost investment or something similar, I will look it up. The idea is to invest into an asset class over time, many people think just Bitcoin is fine and others believe the whole spread of crypto currencies should be bought or at least the top 10.
Buying over time is something I often look back on a few things and wish I had done, so long as the trend is positive long term it works. Something like INTC or intel shares it was a valid idea or Microsoft or the whole tech sector all have been good vehicles for world growth though initially there was alot of uncertainty. This particular asset of crypto is more volatile so perhaps the idea is even more applicable to spread risk over time.

https://www.investopedia.com/terms/d/dollarcostaveraging.asp

Its a far more reasonable idea then trying to buy the bottom price with just one buy. Trading is far harder then investment over time, the main decision is on market being suitable to hold and in an area of growth. I do think alternatives to the status quo of conventional FIAT is a growth area, nothing is for certain but Bitcoin has a good chance of success and capturing part of this sector growth.

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Quote from: yulionoo on November 14, 2019, 10:59:57 PM

yes I agree with you I also always give a target when I will sell my coins. when the coins that I hold have experienced a 50% increase then I will sell them. if after selling the price of the coin goes up again I will not regret it because I already made a profit. but if I continue to hold the coin too long without a target and keep hoping the coin will rise again. I will be disappointed when the coins go down because they do not get profits because expectations do not match reality.

This is another lesson I want to employ. I learned it the hard way because I have some coin at has no value at all now. This is a piece of sound advice especially if you are starting on cryptocurrency especially on altcoins or tokens. Don't hold for too long especially the project is new and just launch, big whales will dump their holdings as long as they have profit.

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Quote from: yulionoo on November 13, 2019, 12:33:06 AM

I don't think anyone knows exactly when is the best time to buy bitcoin. some people would say buy when prices go down and sell when prices go up. in my opinion this is easy to say but it is quite difficult to do because the price of bitcoin is very volatile. so that I am principled when I have more money I will buy bitcoin and then hold it. I will hold it until the price of bitcoin can pump higher than my purchase price. I will be patient waiting for that. investing in crypto does require patience.

I agree on that, there's no one can knows when's exactly the best time. But we use indicators and speculations and create an intelligent guess when it is the good time to buy base on the charts that we see and specially if you're into analysis. There's also that practice of cost averaging that no matter what's the price, buying is a must. And for those who don't know when's the exact time to buy, they can do that strategy.

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Quote from: syamster on November 13, 2019, 03:02:47 AM

Quote from: yulionoo on November 13, 2019, 12:33:06 AM

I don't think anyone knows exactly when is the best time to buy bitcoin. some people would say buy when prices go down and sell when prices go up. in my opinion this is easy to say but it is quite difficult to do because the price of bitcoin is very volatile. so that I am principled when I have more money I will buy bitcoin and then hold it. I will hold it until the price of bitcoin can pump higher than my purchase price. I will be patient waiting for that. investing in crypto does require patience.

yes it is really difficult to decide whether it is good time to buy or sell, because sometimes the after buying at low the price comes down more and sometimes after selling at high the price increases much more then people regret that it was a wrong decision, i think to avoid these regretting we should set our own targets, like when there is bull run then we should buy more and more, and when we reach to the targeted profit then we should sell it without any delay.

yes I agree with you I also always give a target when I will sell my coins. when the coins that I hold have experienced a 50% increase then I will sell them. if after selling the price of the coin goes up again I will not regret it because I already made a profit. but if I continue to hold the coin too long without a target and keep hoping the coin will rise again. I will be disappointed when the coins go down because they do not get profits because expectations do not match reality.

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Quote from: bileq on November 12, 2019, 02:09:09 PM

if you can sleep comfortably when you put your head on the pillow this is the right time to buy bitcoin Grin

This is a good test but one that is awfully flawed, many investors believe that they are capable of something only to discover too late that they are not, you may think that you may buy bitcoin today and be happy with your decision regardless of the way the market moves, but we know this is not true for the majority of investors, as soon as the market begins to move in the opposite direction many people being to get really uncomfortable.

And instead of holding their coins and forget about them because they know that over the long term they should recover their money they begin to get more nervous with each passing day until they cannot sleep comfortably anymore and they have to sell their coins.

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Quote from: Triffin on November 13, 2019, 02:03:18 PM

Quote from: carriebee on November 11, 2019, 09:51:21 AM

Quote from: d3nz on November 09, 2019, 10:37:21 PM

I think it will go down more until it hits $8.2k level and that's the best time to buy bitcoin. And it already break the suoport level so we might see it in anytime to go down.

And it is a opportunity to buy some altcoins and wait again if the value will pumps once more or bounce back to $10k.

There is a possibility for bitcoin to reach for that price you mentioned. As the price is really unpredictable we could buy some btc to the point that we can take the risks. The market is volatile so in my opinion, let's grab the chance in buying when it’s low and have patience until such time we could see the pump price of bitcoin.

This is what all successful traders and bitcoin supporters do. They simply grab the mighty coin when prices are low and try to hold it as long as they can until market does not pump hard or they don’t reach their set targets. If we talk about the current scenario, bitcoin is showing some decent moves towards pump. These are the last few chances given by bitcoin to all those investors who want to become rich by buying bitcoin low and selling high.

It’s not an easy task to know the exact time to buy and to sell but for this, you must know how to make research. Analyze before you sell and invest if you will buy now then it will give you profit but if waiting more could be harmful that’s why better grab the opportunity and make savings. In a few months it will start rising rapidly but yet it’s low price with a promising future.

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Quote from: mk4 on September 26, 2019, 08:24:21 AM

News flash: No one knows when exactly the best time to buy is. If you think bitcoin has a future and in that future bitcoin has a higher price that it's price right now, then just dollar-cost average! May it be weekly, bi-weekly(I prefer this), or monthly. That way, you don't need to rely on technical analyses from people you don't even know if they actually know what they're talking about.

I always consider that the best time to purchase bitcoins would be the day that you discover its existence on the market- basically the first date of purchase. From that on, the trend continues and your investment starts.

Like what you have mentioned, if people were to accurately predict the price of bitcoin in the future, then everyone would be rich by now. Treat bitcoin as you are treating the other investments in the market but with a much volatile price.

Quote from: barabarian1 on November 08, 2019, 11:31:08 PM

I think buying bitcoin or not all depends on the research we do. if we are sure that bitcoin will pump again then don't delay buying immediately. but if we feel bitcoin can drop even lower then wait. do the research seriously and be sure of the decisions that have been taken. and do not ever regret the decision that has been taken. before entering the bitcoin market we must know that the price of bitcoin is very volatile and unpredictable. all possibilities can occur. in investing bitcoin we must be patient and not easily panic.

Doing research before purchasing can definitely lower the risk of your investments incurring a loss but this must also be coupled with patience and knowledge about the news circulating as these factors also affect the price of BTC on the market.

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Quote from: carriebee on November 11, 2019, 09:51:21 AM

Quote from: d3nz on November 09, 2019, 10:37:21 PM

I think it will go down more until it hits $8.2k level and that's the best time to buy bitcoin. And it already break the suoport level so we might see it in anytime to go down.

And it is a opportunity to buy some altcoins and wait again if the value will pumps once more or bounce back to $10k.

There is a possibility for bitcoin to reach for that price you mentioned. As the price is really unpredictable we could buy some btc to the point that we can take the risks. The market is volatile so in my opinion, let's grab the chance in buying when it’s low and have patience until such time we could see the pump price of bitcoin.

This is what all successful traders and bitcoin supporters do. They simply grab the mighty coin when prices are low and try to hold it as long as they can until market does not pump hard or they don’t reach their set targets. If we talk about the current scenario, bitcoin is showing some decent moves towards pump. These are the last few chances given by bitcoin to all those investors who want to become rich by buying bitcoin low and selling high.

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Quote from: yulionoo on November 13, 2019, 12:33:06 AM

I don't think anyone knows exactly when is the best time to buy bitcoin. some people would say buy when prices go down and sell when prices go up. in my opinion this is easy to say but it is quite difficult to do because the price of bitcoin is very volatile. so that I am principled when I have more money I will buy bitcoin and then hold it. I will hold it until the price of bitcoin can pump higher than my purchase price. I will be patient waiting for that. investing in crypto does require patience.

yes it is really difficult to decide whether it is good time to buy or sell, because sometimes the after buying at low the price comes down more and sometimes after selling at high the price increases much more then people regret that it was a wrong decision, i think to avoid these regretting we should set our own targets, like when there is bull run then we should buy more and more, and when we reach to the targeted profit then we should sell it without any delay.

yulionoo

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I don't think anyone knows exactly when is the best time to buy bitcoin. some people would say buy when prices go down and sell when prices go up. in my opinion this is easy to say but it is quite difficult to do because the price of bitcoin is very volatile. so that I am principled when I have more money I will buy bitcoin and then hold it. I will hold it until the price of bitcoin can pump higher than my purchase price. I will be patient waiting for that. investing in crypto does require patience.

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