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Topic: Too late to buy Bitcoin ? - page 10. (Read 1982 times)

sr. member
Activity: 182
Merit: 120
November 21, 2024, 04:39:47 PM
#8
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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Merit: -
November 21, 2024, 04:38:40 PM
#7
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.

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
hero member
Activity: 1022
Merit: 744
November 21, 2024, 04:33:42 PM
#6
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.
sr. member
Activity: 602
Merit: 260
November 21, 2024, 04:33:29 PM
#5
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.
sr. member
Activity: 700
Merit: 470
Hope Jeremiah 17vs7
November 21, 2024, 04:20:41 PM
#4
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.

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 $200k by then.
sr. member
Activity: 1491
Merit: 320
🐪
November 21, 2024, 04:12:05 PM
#3
I try to buy Bitcoin now because is a period of my life that I can invest 300-400$ 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.
legendary
Activity: 1064
Merit: 1298
Lightning network is good with small amount of BTC
November 21, 2024, 04:05:04 PM
#2
It is better you invest low amount of money on bitcoin right now. If your salary is $400 monthly, you can be investing like $20 on bitcoin which is 5% of your monthly income . The price is high already but there is tendency that the price might go up. If you can be patient, wait until the next bull market begins after the coming bear market to invest more. I may not be absolutely right but that is my opinion.
?
Activity: -
Merit: -
November 21, 2024, 04:01:06 PM
#1
I try to buy Bitcoin now because is a period of my life that I can invest 300-400$ per month do you think that Btc is a good investment option for me and the range of the money I can invest monthly ?
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