Too late to buy Bitcoin ? - page 5. | Bitcointalksearch.org

Mia Chloe

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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.

To be sincere judging from bitcoin's current price mark along so the momentum it's been keeping up for a long time now, its quite too small to be investing $20. Yes we often use the statement Risk what you can afford to lose, however sometimes you just have to take a bold step and a smart one at that. Infact as a bitcoiner too you will agree with me that it's worth taking the step if you are ready of course.

Infact if you weigh the odds, let's see we are at a 100k now and assuming op buys a total of $60 worth of bitcoin and we experience a pull back in a couple of months then op will likely end up being short a couple of dollars in addition to the little amount he put into investing.

Natalim

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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 you are here for long term hodling, then the current price would not be an issue for you since you're not here for short term profits. Bitcoin is certainly a good and profitable investment, only if you know how to manage it well.

However, if that amount of funds you've mentioned will be used after a month or two, then bitcoin is not the right investment for you. Invest only on your extra money, something that you can afford to lose if ever your investment gone wrong.

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Quote from: Fiatless on November 26, 2024, 02:20:50 PM

I tried to locate the story but didn't find it after my search. I really need to get the story because it is motivational, and it could serve as my reference to those who want to invest in Bitcoin. Most people who talk about crypto investment see it as a get-rich-quick avenue. Some people also want to have hundreds or thousands of dollars before they consider investing.

Hearing the story of a guy who consistently set aside such an amount and was consistent for eight years will be good learning material. It is never too late to invest in Bitcoin because historically the price will increase. All you need is a long-term plan and patience.

I found this information, and I think it can serve as a good motivation, as you correctly noted, for investing. Well, I think that this user who published this news in X had great faith and patience that all his investments, over eight years, would not be in vain. Not everyone is ready for such an act, and not everyone has such opportunities.

https://x.com/regothetrader/status/1855234677491073122

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I've been through the ringer more than anyone, I have seen every pitfall from Quadriga, Covid, all the way to FTX (aside from MT GOX). More black swans than you can possibly imagine. Many times I was tested on my own due diligence and conviction. Regardless, I kept moving forward with what I believed to be a mathematical certainty....

sotelorene

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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 ?

well first to start with, someone is not suppose to tell you the amount of money you are suppose to use in investing in bitcoin monthly, i guess it should be a personal something because we do not know what is your salary or wages and secondly we do not know the kind of lifestyle you have, i mean what you spend a day, a week or month(expenses). so it will be wrong for one to advise you on what amount you should use when one does not know about the above mention. but i can tell you for free that Bitcoin is an investment would not want or an investment you can not afford to miss because people who miss this opportunity back then are regretting till tomorrow but even with the regrets some does not still believe that Bitcoin has a great potential that will surprise people one day.

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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 will undoubtedly be a good investment for you. If you can continue to invest like you said, then something good awaits you shortly. There is no good time or wrong time to invest in Bitcoin. It would be better if you could maintain DCA and take BTC.

However, to invest in Bitcoin, you must have a long-term plan. It is not like you came and invested and left with a profit. If you invest here, you have to invest for the long term, and you have to remember that you will get something good from here, but that requires a lot of patience. Your money will not be lost because it is a trusted investment medium from which you can get something good.

Akbarkoe

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Yes, it is never too late to buy bitcoin even though the current and future prices are relatively high, but if the goal is long-term like 4 years or more, it will be more than enough for you OP to collect it, and can get profits that you can rely on for your life.

The buying phase should be done when people are afraid to buy like in the bearish season but now is the time for the bullish moment which of course has increased, if for short-term investment I doubt you can survive long in the market if something happens to bitcoin in the next few months.

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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 is no specific time frame to invest in Bitcoin you can invest anytime but you definitely have to pay attention to the market movement. Now the rate at which Bitcoin is adding its ATH and many are desperate to buy Bitcoin again due to high profit. I think you can invest in Bitcoin based on your financial situation. You can set aside a portion of your income every day to buy Bitcoin, or you can invest weekly or monthly.

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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 have the same doubts, now I have investments in index funds... seeing bitcoin prices it is a bit scary to invest in this asset. Apparently people have a lot of confidence in bitcoin and many people think that it has not reached its peak. I will try to invest when I can, because at some point it will go down and you can buy a little cheaper ... for now what I try is to inform me as much as possible, it is a complex world and you have to be very well informed.

Greetings

Zanab247

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With what you have heard about BTC or seen about BTC, if I tell you that BTC investment is not the best option will you believe me? BTC is the best option to invest, but that amount you want to be investing in BTC monthly is too big because you need to have some money as reserve in case there is an emergency that require money, it will be easy for you to solve which is the reason I said you should not be investing such amount of money monthly in BTC.

I will advise you to be saving the money and wait for the price to dump very well before you can use the money to accumulate BTC in your portfolio, and you will earn plenty of profit in the future because there is a big opportunity for those that hodl their BTC for long years.

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Quote from: Stable090 on November 30, 2024, 05:04:53 PM

Bitcoin investment is just the best, better than all the altcoins that you can see in the market. No matter what bitcoin price is, if you are having the mindset to invest in bitcoin, then you can invest in it, don’t think that bitcoin price is already too high.

In some periods that have happened Bitcoin has always had a better ending, so bitcoin is a pretty good investment option. But when you start, there is something you have to know that the future cannot be known and surely everyone must be prepared for bad possibilities. Start with confidence and be prepared for all the risks that will come your way.

Stable090

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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 investment is just the best, better than all the altcoins that you can see in the market. No matter what bitcoin price is, if you are having the mindset to invest in bitcoin, then you can invest in it, don’t think that bitcoin price is already too high. Around 2020, I'm sure some people won’t invest in bitcoin because they will think that the price was already too high, but we all can see what bitcoin price is today, so don’t even allow current bitcoin price to stop you from investing in bitcoin.

When investing in bitcoin, we should know that no amount is too big or too small. If you want to invest and you don’t have a big amount of money, you can easily invest any amount that you have with you. Don’t think it’s too small, and you can keep on topping up your wallet whenever you have money with you.

tvplus006

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Quote from: GbitG on November 30, 2024, 04:17:10 PM

Quote from: ? on November 26, 2024, 02:13:07 AM

Did you hear a story about the guy who was buying BTC for $15 every single day for 8 years straight? Basically, no matter what, he was still able to spend $15 every day, as he mentioned on his X page. I mean, he spent a while, as I remember, around $30k, but in the end, accumulated almost $700k in BTC. It is pretty wild and motivates me.
My point? If you're ready for long-term investments and it's OK for u to wait - go for it.

Ohh WOW that's really a privilege for us !
I am very happy to hear this. Literally, this guy did amazing. This guy has achieved the aim of real investors. 700k$ BTC is quite awesome. Some people say that in order to invest in Bitcoin, you need a big amount, like little book of accumulating does nothing. But today I am very happy to hear that a person has accumulated 700k$ Bitcoin with an investment of 15$. This is an instructive story for those who do not believe in the small among for investment in Bitcoin.

You misunderstood the message you quoted. He bought $15 worth of Bitcoin every day and thus his expenses amounted not to 15 bucks, but 30 thousand dollars. And he started investing when the price of BTC was $400, not $100,000, as it is now.

GbitG

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Quote from: ? on November 26, 2024, 02:13:07 AM

Did you hear a story about the guy who was buying BTC for $15 every single day for 8 years straight? Basically, no matter what, he was still able to spend $15 every day, as he mentioned on his X page. I mean, he spent a while, as I remember, around $30k, but in the end, accumulated almost $700k in BTC. It is pretty wild and motivates me.

My point? If you're ready for long-term investments and it's OK for u to wait - go for it.

Ohh WOW that's really a privilege for us !

I am very happy to hear this. Literally, this guy did amazing. This guy has achieved the aim of real investors. 700k$ BTC is quite awesome. Some people say that in order to invest in Bitcoin, you need a big amount, like little book of accumulating does nothing. But today I am very happy to hear that a person has accumulated 700k$ Bitcoin with an investment of 15$/day. This is an instructive story for those who do not believe in the small among for investment in Bitcoin.

Quote from: Fiatless on November 26, 2024, 02:20:50 PM

~~ It is never too late to invest in Bitcoin because historically the price will increase. All you need is a long-term plan and patience.

Yep, that's absolutely right. It is never too late for a long term investment in Bitcoin. Now whoever is ready for long-term investment should start investing now. Because Bitcoin follows a bullish pattern all the time. So let's make it better...

Orpichukwu

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Quote from: tvplus006 on November 28, 2024, 05:15:27 PM

At a time when we consider the current price of Bitcoin to be too high and are waiting for a correction to buy, the MicroStrategy campaign continues to buy BTC. So last week, MicroStrategy bought 55,500 Bitcoins, while the average purchase price was $97862 for 1 BTC.

That company is taken this very seriously; they buy as if there is something that they are preparing for in the next coming year, and they are the total definition of bitcoin, which is currently undervalued. Others are saying it's very high and not the right time to buy; they are busy buying more in every given opportunity they get from companies proceeds.

tvplus006

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Quote from: Questat on November 28, 2024, 11:37:57 AM

Bitcoin is a highly risky investment, yet it has huge potentials to succeed in the future. However, investing at the current price may not be the best entry in the market, try to wait for a while until a price drop occurs which will create a good opportunity to buy. ..

At a time when we consider the current price of Bitcoin to be too high and are waiting for a correction to buy, the MicroStrategy campaign continues to buy BTC. So last week, MicroStrategy bought 55,500 Bitcoins, while the average purchase price was $97862 for 1 BTC.

Zackz5000

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It's never too late to invest in Bitcoin if you have a long term investment plan. The current price of Bitcoin shouldn't stop us from accumulating Bitcoin since we are investing for long time purpose as those who fail to accumulate Bitcoin now thinking the price is high will definitely regret in future time because Bitcoin price will rise above what it is now.
We can be accumulating Bitcoin little by little either weekly or monthly regardless of Bitcoin price and hodl for long provided all the necessary things needed to hodl Bitcoin for long is made available which includes your discretionary income and emergency fund.

Questat

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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 highly risky investment, yet it has huge potentials to succeed in the future. However, investing at the current price may not be the best entry in the market, try to wait for a while until a price drop occurs which will create a good opportunity to buy. Then follow DCA method. Buy at your extra money at a consistent basis, regardless of its price. And by hodling your coins patiently, like 5-10 years maximum, your investment will paid off in time when you decide to sell at its highly impressive value.

Ryu_Ar1

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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 ?

As long as the goal is for the future or maybe a few years longer then I think the chance is still very large when looking at the progress and process that bitcoin has gone through since its inception until now of course the progress is quite good and it is still feasible to do it without it being too late to be there.

Many people who think it's too late to be in bitcoin is because they want instant profits and don't want to wait and go through the process so they think it's too late to be in bitcoin because the price is too high.

Whereas if we talk about the process and are ready to go through it by investing for a few years or longer then actually for now it is still very worth it to stay in bitcoin right now and do it with DCA once a month like you are doing right now.

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Quote from: Zoomic on November 24, 2024, 02:17:31 PM

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 ?

To me, this period is not a good time for me to buy bitcoins because we are already in the bull season. I have my investment goals, so buying now will change my plans. For you, you can invest now only if you will be patient with your investment. Do not just be in a hurry to invest, think carefully about what you intend to achieve after investing. Since you want to do DCA, a long term approach will be more profitable for you. But if on the other hand your intentions are for short term gains, I can't assure you of having a profitable investment.

I don't agree that it's late for someone to invest in bitcoin, even if we are already in bullrun. What if this price went are seeing today is going to be the lowest price we are going to see Bitcoin? Even those who bought at the peak of last bullrun and successfully held till this bullrun are in massive profits right now. If they had followed this your mentality that we were already in bullrun then, and failed to buy when they did, most of them couldn't have bought bitcoin. And while waiting procrastination would have set in and possibly they would have missed out. So even people who are buying bitcoin now stand a higher chance of making profit from it if they can buy now and hold it for long. Bitcoin is gradually coming mainstream and when it has successfully achieved that, we won't be seeing bitcoin this cheap anymore. So anyone who has the money to invest now should go ahead and not wait.

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Quote from: Yucky on November 26, 2024, 08:37:46 AM

Currently, the Bitcoin price is over $92k. If you have the financial capacity to get Bitcoin, then go ahead and use the DCA method, since he has $300 to $400 to spare. He can keep investing that amount while hoping that the profit will keep increasing. This is because the market is bullish now but there is no guarantee that it will continue to be like that or it will keep increasing next year.

If it doesn't keep increasing, and instead, there's a halving it means you might not get the much interest that you anticipate. But if it keeps rising, there's a possibility of you getting your interest back. And it now depends on how long you intend to hodl - for a year, two, three, or four, so you give it time to accumulate the amount of profit you want. But generally it's not a bad time to buy and hold m Bitcoin.

During the past 24 hours I have seen the price of bitcoin increasing and decreasing. The percentage of increasing and decreasing of bitcoin price is about 4-5 percent. Halving will be years later since the last halving is on April this year so I don't know why you mentioned halving. There's no wrong about doing dca strategy during bull season although people who do it won't earn much profit if plan to do short term investment so if doing DCA during bull season is that it should be for long term and not short term.

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