Topic: Too late to buy Bitcoin ? - page 2. (Read 587 times)

This is always the narrative of people who think missed out those times where bitcoin price is way cheaper when they monitor it and if the pump like this came they conclude that its late to buy bitcoin then start to regret on why they didn't decide to buy before since right now they can earn big with current big price upwards gotten by bitcoin.

If they could just erase these doubts and start to take action then provably that they would never ask question like what OP posted here. For sure there's always a way if they really want to invest with bitcoin. Also to many excuse if they don't like or doubting and this is what they are earning now regretting also think about its late to buy bitcoin. To many good suggestion here and hope fully these people would learn on those word also to their experience.

I split my bitcoin faith between day trading and HODLing. You may want to do the same split. I am hoping the price will stay below $100,000 for a few more days. I had bought $30,000 worth last June at $69,000. I bought another $30,000 worth after the post election climb at $89,000. I didn't trust the company that all my coin was in, so last week I cashed out at $91,000 and sent to my bank $70,000. I opened an account with Wealthsimple but the $60,000 transfer will take up to 5 business days. This is long term money from my retirement savings and $30,000 is profit I have made in a year by day trading BTC/USD with 20:1 margin leveraged accounts. I still have $30,000 profit in my day trading accounts. Bitget has up to 100:1 leverage with bitcoin futures if you want to try that route. ~~~~

Of course, Bitcoin is a good investment option for all but not everyone is ready or willing to invest. Perhaps, majority are ready to invest to benefit from the price fluctuation but only few of them are ready to face the reality surrounding bitcoin.

The price has grown high but it doesn't mean it's late to start your investment now. People mostly procrastinate to invest at a certain price hoping to get lower but never happen. They end up having no option than to invest at a more higher price. The range of money to invest on timely basis depends on how much you earn and how much you are willing to risk. Mind you, you must be ready to hold for a longer period to see a decent value since we are having ATH at the moment.

there's no time you purchase a Bitcoin that is west of time buying a Bitcoin neither the price is low or the prices high does not mean that Bitcoin investment they have a particular time you can invest on it it depend on your holding limit that with determine your profit but a process whereby some people said that we have a particular time someone is supposed to buy a Bitcoin I do think that that is the mentality of people who does not have money to invest in Bitcoin because if you invest in Bitcoin today and hold it for long time between the interval of 3 years it is very clear or quite understanding that the Bitcoin you purchase most definitely give you a profit if you hold properly without being panic to sell your Bitcoin

The answer is that it is not too late to buy bitcoin although it might be too late ride the train as the price is at $90k+ although there might be a chance to ride the train although it won't be a lot of profit or should I say you may/might earn a small profit when you buy and accumulate bitcoin today. This is what I can say to you, if you want to buy then buy and if you don't want to buy or waiting for a moment to buy then do it. What I said is my suggestion or advice and it's up to you if you do it or not. In short, just follow what your guts tell you to do.

There is no wrong time to invest in bitcoin provided you are buying to hold for a long time. The amount you plan to put in monthly is a good one but just to be clear, I hope such amount is what you can put in bitcoin and still have enough money to cover your basic needs and other things that might require you spending money urgently? If not, adjust your investment amount such that the only money you invest in bitcoin is the one you can hold in bitcoin for a long time like five to ten years.

When I hear it’s too late to buy Bitcoin, the question I ask myself is; what’s the plan?
Not quite long, $70k+ felt like it did fit into this stammer of being too late to buy. Now, with Bitcoin at $99k+, sure not at the time of writing this but, we are well aware Bitcoin has hit that price mark, it feels too late to buy but, the plan is what determines this for real.
If you’re ready to wait for price appreciation, I think we are far from an ATH as possible. We just warming up for what’s to come and people could take part as price is gradually rising to a mark that isn’t anticipated.

Go ahead and buy, ignore whatever the fudders have to say. They might tell you that we're closer to the peak of the market therefore buying right now is like throwing away your money but that isn't true.

Buying now will give you some profits before we get to the peak of the bull run. You can never do wrong with buying Bitcoin. After buying and the price starts dipping, you don't sell but continue to hodl. It shouldn't matter how long you hodl because you are still going to be profitable, it might only take longer than you expected and to be on the safer side, don't invest money that'll be needed urgently.

Invest as much as you are able to invest freely. If you want to enter long-term investment, it is not at all advisable for you to focus on the market. This price of Bitcoin is not the last price. So you should not wait for the price of Bitcoin to decrease.

And for investment, you should determine the amount of money that you are willing to burn. That is, choose the unnecessary amount of investment that you are willing to lose. If you are able to invest $ 300-$ 400, then you can manage your investment in the DCA (Dollar Cost Averaging) method. The DCA method is very easy for a beginner, because in DCA you do not have to worry about the unstable market situation. You do not even need knowledge to start investing in DCA. You can start investing with basic knowledge, and you can gain knowledge to manage your investment and protect your investment to make your investment last longer.

Wow thats huge actually for an extra money youve got there. Yes its a solid pick but od course you cant expect it to double your money as the price now of btc is close to 100k. Investment wise, a better choicr is for altcoin that still under or low mcap. But if you are into long term then btc is a good pick for blue chips crypto.

Investing on altcoin have risk but ofcourse theres a chance you could gain a lot of multiplier.

I value your advice to him, but newbies will intend to enjoy profit in short term, through either investment or trading. Your advice can be marked by him in memory or in browser bookmark for later reference after he experiences more in this market.

I think with newbies, if they invest and take profit in a single market cycle, it's good for them to actually have profit to enjoy it. It helps them to have more reasons and motivation to continue their adventures in this market.

About your advice, it's reasonable because holding bitcoin through some market cycles will maximize ROI of your investment. Like in 2020 or 2021, if missed chance to take profit around $69,000 but you were strong enough to hold your bitcoins for four years, till now, you can take profit around $100,000. Better price for taking profit and history of Bitcoin shows that a longer you hold it, a more unbelievable ROI for your investment portfolio.

https://casebitcoin.com/

The amount you, OP, want to invest can be a good investment and a good "safety cushion" if you wait patiently, at least until the next halving. But you should check your strength to see whether this money and this amount will not be important for you for several years. Likewise, if you can invest a significant amount, you will certainly be able to buy a hardware wallet, which will be a reliable storage of your funds.

Yes investing in Bitcoin can be good at any time but predicting market is hard. And also some from us think Bitcoin price will drop after reaching $100k while others are more hopeful. You must decide whis is better to invest now or wait for price drop. Using DCA method can help reduce risks. Before investing make sure we must have steady income to support our investment plan. It is good to prioritize financial stability. If we do not have reliable income focus on building stable financial foundation first. With patience and good plan investing in Bitcoin can be profitable.

No time is too late to invest in bitcoin, though I think bitcoin may decline after reaching $100k. Now it is your obligations to chose wether to buy now though DCA or you will wait to buy the dip. All I know is that whenever you invest in bitcoin is not too late even as we know that bitcoin is at the pick and may fall sooner but there's still hope to invest now. We are just bearly at the $100k ballmark and we still have much bridge to cross so don't be afraid to invest as any money you put in bitcoin will yeild it profit in due time. Just make sure you have something dong to help you buy bitcoin regularly, otherwise if there is no steady income cashflow I will say there is no need to invest in bitcoin but rather use the fund to start up something that will yeild profit to invest in bitcoin.

I often encounter questions like this when beginners want to start investing in Bitcoin.
Usually, they start looking when the price of bitcoin is rising or when ATH occurs.

so this is it, keep in mind. the price of bitcoin which has currently touched ATH, at some point in the future, will definitely be low if the price of bitcoin breaks through the old ATH. The point is that when you buy at the current peak, it will be cheap when bitcoin prints a new ATH.

So it's never too late to start investing in Bitcoin.

If you invest routinely every month, as you said, do that continuously even though later, before Bitcoin prints a new ATH again and the price drops.

Investment is not just about looking for momentary profit. But more about how you believe in the assets you choose. and also give your investment target. for example, you want to invest in Bitcoin for only 5 to 10 years. so keep making purchases until your target is complete, then take all your investment results.

regarding the results, here we cannot see for sure how much potential profit is obtained. But try looking at this.



from the image that I quoted from the visual capitalist ¹, when compared to other assets, bitcoin still outperforms the others. only investment in bitcoin is able to provide a profit of more than 100%. while the others cannot even exceed 30%.
if you look again at Bitcoin's performance, in 2017 bitcoin's performance was astonishing which could reaching 1300%.

I hope this will help you.

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_{1. Visualized: Bitcoin Returns vs. Major Asset Classes}

Hmmm that's Awesome mate !
Investment criteria is totally eligible on DYOR. But if you want it for educational purposes so for sure I will give you my own opinion regarding through Bitcoin investment.
 
Buddy you need to understand that Bitcoin is a volital asset and no baddy can predict it. So if you want to invest your savings you need to invest that money which you can tolerate to lose it. Second point you need to keep in the mind that now Bitcoin made a new ATH. And if you want to become a long-term investor, you can accumulate Bitcoin under DCA even in the current situation. But if you are a short term investor, I think you can't get as much profit as buying Bitcoin in dip. Becuse Bitcoin is at its peak. Compared to this, you can get a good touch of profit in Alt.

DYOR !

That kind of thinking will get you nowhere. Theres no way you coulda known a month back where Bitcoin's price was headed, just like predicting the futures impossible.  Trying to time everything perfect rarely works out - you miss opportunities.

I can only speak from my own experience here.  If I had waited for some big crash before putting my money in, I would probably be bummed looking at my portfolio right now instead of feeling good about it. 

Rather than trying to chase ideal imaginary conditions maybe think about taking a more consistent strategy? Like setting aside a regular amount to invest each month.  That way you reduce the impacts of the ups and downs and set yourself up better long-term.

It is not about investing much money but investing an amount you can afford while still maintaining financial stability and having money for other expenses. If $300-$400 is what you can afford and still have enough money to cater for other expenses then it’s not bad since if you can maintain consistency and keep investing every month as you mentioned. Don’t put more than you can afford because of how bitcoin movement is currently stick to your plan no matter what.

With the current price if bitcoin DCA is the best option now and he should know that there is no rushing in bitcoin investment and to get the best of it he has to invest for a long time.

This is not the first time that the price of Bitcoin reaches a high, many people want to buy it, although a few months ago they did not even think about it. It is those who bought Bitcoin 2 years ago, at a price that is 6 times lower than the current one, who will now receive a profit from holding, while those who will buy it now will receive candy wrappers.

Yes, it's a good option for you if you aren't in hurry to make money fast. You may follow DCA method and somewhat dip buying method and you're good to go. You'll surely gain much profits by holding your investment for 5 to 10 years.