Too late to buy Bitcoin ? | Bitcointalksearch.org

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legendary

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Quote from: ? on November 21, 2024, 04:01:06 PM

I try to buy Bitcoin now because is a period of my life that I can invest 300-400$ per month do you think that Btc is a good investment option for me and the range of the money I can invest monthly ?

There are some questions that I can ask (but I doubt if you will answer it Cheesy

).

Are you buying Bitcoin for the long-term or short-term?
Can you afford to lose that amount of money?
Are you a newbie with regards to investing into cryptocurrency?

This is only my opinion. If you're buying Bitcoin hoping to make profit for the short-term, there's still some profits that you can get, but I would say investing into altcoins would give you more profit than Bitcoin at its current price. Now if you're planning for long-term, I would suggest waiting for the bear market to happen so you can buy those Bitcoins at a much lower price. I know the excitement of investing into Bitcoin especially when you already have the money but be patient especially now that we are in a bull market already. In short, I would say avoid because I feel it's too late, but hey it's your own money and whatever you feel trust that feeling of yours.

If I'm in your situation though, I would stop accumulating Bitcoin for now and focus on altcoins.

GreatArkansas

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Take gold as an example of what happened on ETF approval:
Now we already have Bitcoin ETFs also, this was really expected, I was hoping this to happen after ETF approval on Bitcoin but I just didn't it happened very soon but it already happened, and I'm glad about it.
To answer the question OP, it's not too late. Best way to do it, buy in different level, so just incase you are worried about buying on the peak prices.

PrivacyG

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If you say this is an amount you can afford to lose, do it. Maybe diversify. A hundred Dollars in Bitcoin, a hundred Dollars in a Stock you research well and think will do good in the future and a hundred more Dollars in something else. Maybe a Commodity or some thing like that.

It is never bad to put Money into Investments. Some of them will fail. Maybe most of them in the beginning. Others may do well enough that the losses will be compensated by them. But you can only learn through failure. And it will probably be worth it years down the line.

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Quote from: ? on November 21, 2024, 04:01:06 PM

I try to buy Bitcoin now because is a period of my life that I can invest 300-400$ per month do you think that Btc is a good investment option for me and the range of the money I can invest monthly ?

It is unknown to what level the price of Bitcoin will rise, but I would not risk buying it now. In my opinion, the best solution now would be to wait for the BTC price correction and buy altcoins for the entire deposit, which should bring a good profit with the onset of the altcoin season.

GeorgeJohn

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Quote from: ? on November 21, 2024, 04:01:06 PM

I try to buy Bitcoin now because is a period of my life that I can invest 300-400$ per month do you think that Btc is a good investment option for me and the range of the money I can invest monthly ?

if bitcoin is not a good investment why do you think that many people invest on Bitcoin on daily basis.. so I will encourage you to invest in Bitcoin because I did come prices increasing now definitely it will also experience decrease so if Bitcoin did not experience decrease this year come expressed next year but don't panic when you come across ourselves because the more you hold your Bitcoin for years the more bitcoin get appreciated in value so investing in Bitcoin with the $300 to $400 I don't think that is a wrong investment that conception that courage is good and the it will benefit you in future not now many people who has invested in Bitcoin has no regret till now, instead they are making more money on it.

Cantsay

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If the reason you want to buy now is because of the recent rise in price then I’ll suggest you take a step back and look at it better because there is a tendency for the price to drop at any point in time but if you just want to buy and HODL it no matter what happens to the price then you can go for it.

$400 monthly isn’t that bad - you should be able to accumulate a decent amount of bitcoin if you’re consistently buying and you’ll even enjoy it more if the price should drop and you keep buying because any slight increase will cause your portfolio to increase too (but since you’re buying now you might not be able to get too much profit from it though).

matt dev

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It’s never too late, it all depends on risk management I believe.

PX-Z

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I can say yes, it's too risky to buy for now but with a little risk with some preventions like stop-loss order in trading sites/app i guess you're probably fine but if you don't know what is this yet, try to make your research first.

2Pizza410000BTC

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Quote from: ? on November 21, 2024, 04:01:06 PM

I try to buy Bitcoin now because is a period of my life that I can invest 300-400$ per month do you think that Btc is a good investment option for me and the range of the money I can invest monthly ?

Although Bitcoin investment is suitable for everyone, some people may not consider Bitcoin as a suitable investment. It is best to invest and hold until the investment succeeds and reaches a certain price but not everyone can keep it. However if you earn 300 to 400 dollar per month then you can invest 100 dollars per month. Because if you invest $100 per month and continue for a long time, you will be very successful. At this point you can be a little patient from investing because the market is now at a very high position if the market is a little dumping you can start investing from there. But if you think it's too late I can't wait you can continue investing using the DCA method. But I think it would be better to wait for the Bitcoin market to dump.

Coyster

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IMO, it is never late to buy bitcoin, though i hope you are not trying to FOMO buy because of bitcoin's price is now rising very fast and about to break $100,000. If you have the intentions of investing that amount monthly, that is called DCA and it is a great strategy, particularly for beginners, what you need next is to learn about wallets and get a good one to use, buying bitcoin is one thing, the other, and most importantly, is keeping it safe/secure.

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Quote from: ? on November 21, 2024, 04:38:40 PM

Exactly 300-400$ is not my salary but a budget I can invest and afford to lose .

I want to make a long term investment here .

Thank you for your reply fam

Then you don't need to worry much about now, you are on the right track, the price will still surge more rather just continue stacking till it is time it seems good for you to take profit.
Here's a thread that will really be helpful for you on this your new journey https://bitcointalksearch.org/topic/m.1858442

avp2306

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Quote from: ? on November 21, 2024, 04:01:06 PM

I try to buy Bitcoin now because is a period of my life that I can invest 300-400$ per month do you think that Btc is a good investment option for me and the range of the money I can invest monthly ?

Based on your question posted here I guess you are not ready to invest with bitcoin. Maybe try to invest in yourself and make yourself knowledgeable enough so that you would get an idea on how to deal with bitcoin on certain situation occur.

Don't throw some money at that early if you are not really so sure on what you are doing. Everything will follow and became smooth once you learn a lot of things about bitcoin so instead of asking that much better if you read helpful articles that can enhance your knowledge about bitcoin and other things helpful to you.

For sure profit will just come once you already have good knowledge about this coin.

Callido

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Quote from: _act_ on November 21, 2024, 04:05:04 PM

It is better you invest low amount of money on bitcoin right now. If your salary is $400 monthly, you can be investing like $20 on bitcoin which is 5% of your monthly income . The price is high already but there is tendency that the price might go up. If you can be patient, wait until the next bull market begins after the coming bear market to invest more. I may not be absolutely right but that is my opinion.

Now lot's of people are on the rush to kick start their investment, the price was very low then and just few were able to take on the opportunity, we can consider this moment not too brilliant to begin the purchase depending on how long the profits are expected to be returned but basically on the long run, now is neither not the best nor the worst position to enter the market, we are current half way into the bull run and more prices are expected to be witnessed, investing now but just with little decent amount is better than doing nothing.

Miles2006

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Quote from: ? on November 21, 2024, 04:01:06 PM

I try to buy Bitcoin now because is a period of my life that I can invest 300-400$ per month do you think that Btc is a good investment option for me and the range of the money I can invest monthly ?

Bitcoin is a good investment choice, asking what range and amount you should invest monthly depends totally on you, it’s actually hard giving any advice at the moment seeing bitcoin price increasing I hope you’re aware about bitcoin bull and bear market. If this energy can continue for a long period of time it’s nice going for bitcoin using the dca strategy, starting now when the price is high most people will not agree but guess what, if you never get to see such price range again it’s either you buy now because no one knows what’s next.

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Quote from: Amphenomenon on November 21, 2024, 04:20:41 PM

Quote from: _act_ on November 21, 2024, 04:05:04 PM

It is better you invest low amount of money on bitcoin right now. If your salary is $400 monthly, you can be investing like $20 on bitcoin which is 5% of your monthly income .

I think you misinterpreted something from Op. Op meant he/she has will be able to invest $300-$400 monthly, i don't think this means he/she earns that figure monthly.

Quote from: _act_ on November 21, 2024, 04:05:04 PM

The price is high already but there is tendency that the price might go up. If you can be patient, wait until the next bull market begins after the coming bear market to invest more. I may not be absolutely right but that is my opinion.

I think this is dependent on the Op investment plan, how long does he/she wants to HODL the coin before taking profit.

While the price of bitcoin seems like crazily high now, people current view of the market shows even after hitting $100k many will still be HODLing maybe probably to the 150k. This means Op can still invest now but that doesn't means he/she should just go all out because can go side ways at times and so it's important to invest, what will not make life difficult for you in order not to sell your coins in lost. Also, if your plans is actually a long term like 5 to 10 years, you won't have to worry much about the current price because there's an high tendency of it already passing $200k by then.

Exactly 300-400$ is not my salary but a budget I can invest and afford to lose .

I want to make a long term investment here .

Thank you for your reply fam

Hyphen(-)

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Quote from: ? on November 21, 2024, 04:01:06 PM

I try to buy Bitcoin now because is a period of my life that I can invest 300-400$ per month do you think that Btc is a good investment option for me and the range of the money I can invest monthly ?

Yes, if you really want to invest in cryptocurrency, then Bitcoin is the best, and you are not late.

If you are willing to hold your Bitcoin for long, I assure you that you will benefit from the investment in the future.

Investing such an amount monthly will be very good. The method is called DCA method, and it is the best method that is been employed for people that don't have money to invest once. The market price is not the problem; just have consistency while investing and make sure you invest what you can afford to lose.

I_Anime

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Quote from: ? on November 21, 2024, 04:01:06 PM

I try to buy Bitcoin now because is a period of my life that I can invest 300-400$ per month do you think that Btc is a good investment option for me and the range of the money I can invest monthly ?

I will say is still early to invest on bitcoin, but try to apply some risk management ( because all investment have risk ) but if you can hold bitcoin for long , you have already reduced the chances of selling in loss .

But just try to invest small portion of your salary first using DCAing, to avoid being a victim of fomo by jumping all in using lump-sum, because time like this DCA method is better and i hope you are the patient type because bitcoin investment is all about been patient and discipline.

So is never too late to start building something now.

Amphenomenon

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Quote from: _act_ on November 21, 2024, 04:05:04 PM

It is better you invest low amount of money on bitcoin right now. If your salary is $400 monthly, you can be investing like $20 on bitcoin which is 5% of your monthly income .

I think you misinterpreted something from Op. Op meant he/she has will be able to invest $300-$400 monthly, i don't think this means he/she earns that figure monthly.

Quote from: _act_ on November 21, 2024, 04:05:04 PM

The price is high already but there is tendency that the price might go up. If you can be patient, wait until the next bull market begins after the coming bear market to invest more. I may not be absolutely right but that is my opinion.

I think this is dependent on the Op investment plan, how long does he/she wants to HODL the coin before taking profit.

While the price of bitcoin seems like crazily high now, people current view of the market shows even after hitting $100k many will still be HODLing maybe probably to the 150k. This means Op can still invest now but that doesn't means he/she should just go all out because can go side ways at times and so it's important to invest, what will not make life difficult for you in order not to sell your coins in lost. Also, if your plans is actually a long term like 5 to 10 years, you won't have to worry much about the current price because there's an high tendency of it already passing $200k by then.

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Quote from: ? on November 21, 2024, 04:01:06 PM

I try to buy Bitcoin now because is a period of my life that I can invest 300-400$ per month do you think that Btc is a good investment option for me and the range of the money I can invest monthly ?

It is hard to predict how will price be in the future but to average the price better try to invest smaller amounts over larger period of time. That way you will avoid investing all your money on peak price.

Also it is good strategy to buy BTC on "quiet" periods. Those are the periods in which BTC is not in mass media every day. Because when it is not in media it is good indicator that the price is on low end.

_act_

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It is better you invest low amount of money on bitcoin right now. If your salary is $400 monthly, you can be investing like $20 on bitcoin which is 5% of your monthly income . The price is high already but there is tendency that the price might go up. If you can be patient, wait until the next bull market begins after the coming bear market to invest more. I may not be absolutely right but that is my opinion.

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