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Topic: Too late to buy Bitcoin ? - page 6. (Read 2024 times)

hero member
Activity: 700
Merit: 577
November 27, 2024, 05:20:01 PM
#90
Today bitcoin came down to $91900 before it rise up to $97k again today so if you were calculative investor, you could have invested at that time and prepare for the next month plan. You don't buy bitcoin at the peak but at the average price or rate so that you can make profit when it rise up again in the long run. If you have the funds to invest. It is okay with the $300 to $400 investment plan for every months. The waiting technics should be done calculative and not just  waiting to buy when the price is down to the bear market. You should use any small slice down to buy more at all time if there is money.

Many people have been waiting for the dip to purchase more but it will not go back again to the bottom so use any opportunity that come now. Like today was an another opportunity to buy.
hero member
Activity: 2520
Merit: 783
November 27, 2024, 05:19:24 PM
#89
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.

As for me I think the waiting strategy is very wrong especially if the plan is to buy and hold for a long time, irrespective of the price points one can still buy Bitcoin at a fraction within the available discretional income, for a newbie I will advise him not to make an investment decisions under pressure or fomo, Bitcoin has a very long way to go such that the price we are seeing today might not be seen again or will be seen as a dip tomorrow, it is best he get the fucking started with the basic knowledge and invest with an amount he can be comfortable with either weekly or monthly after ensuring his other living expenses are taken care with a provisional emergency funds.

If you are doing a lumpsum strategy I guess nothing wrong for doing that, But if you are doing DCA well maybe that is statement really have a sense. And it differ on the strategy used by a person and actually there's nothing wrong with that especially if their main intention on each action they do is to hold their bitcoin for long term. I agree that bitcoin has many more to offer and people should not get scared about the past dips and if they look at the past price also the current recovery happen they could determine that there's really nothing to get scared of to take action if they are dealing bitcoin chance for good recovery after correction happen is really possible to happen.

People should start and eliminate their doubts since this is their number one enemy, what they need to do is to take action regarding on investing on bitcoin and just learn other more important information also other things need to tackle. What's important for now is they should start since doubting will not result to any good results to anyone.
sr. member
Activity: 308
Merit: 256
November 27, 2024, 01:24:26 PM
#88
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.

As for me I think the waiting strategy is very wrong especially if the plan is to buy and hold for a long time, irrespective of the price points one can still buy Bitcoin at a fraction within the available discretional income, for a newbie I will advise him not to make an investment decisions under pressure or fomo, Bitcoin has a very long way to go such that the price we are seeing today might not be seen again or will be seen as a dip tomorrow, it is best he get the fucking started with the basic knowledge and invest with an amount he can be comfortable with either weekly or monthly after ensuring his other living expenses are taken care with a provisional emergency funds.
sr. member
Activity: 1022
Merit: 363
November 27, 2024, 04:05:22 AM
#87
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 Bitcoin is indeed a good investment asset like the Gold and real estate, and the most interesting part is that regardless of the price, one can literally buy as low as $10 unlike the above mentioned two assets, but your investment should be base on your risk tolerance, how much you capable of risking and you would be fine should anything happen, since you want to invest $300-$400 monthly,  you also can spread it across, $100 and buy not buy all at same time.
In depositing, you can take advantage of buying bitcoin fractional amounts of any amount within your means, which is not possible in the case of gold or real estate. The Bitcoin depositing strategy is easy to understand. An investor can decide to buy Bitcoin at any time regardless of the price with any amount of assets under the DCA method. When investing in gold or real estate an investor has to allocate additional money and make a lump sum investment, which may be beyond the means of most investors. DCA method is a method of depositing Bitcoin through which an investor can tend to deposit any amount on a weekly or monthly basis. When depositing valuable assets like Bitcoin with real assets, you should proceed with consistent buying decisions to have the right execution capacity.

They look bitcoin as a whole that's why those people think about buying bitcoin is so expensive. If they would just acquire the volume they can afford or the money they can spend then provably that accumulating bitcoin will never be a problem with these people. But they choose to be eaten by their doubts that's why they always regret to missed out certain good events just like what happen recently on bitcoin.

If they want to succeed and earn on their investment they should eliminate those doubts and better to focus gaining a lot of knowledge since if they are the type of person that is eager to learn more about new information everyday for sure they would not worry about the prices and for sure they would choose either they do lumpsum or execute the famous DCA method for their investment.
full member
Activity: 126
Merit: 93
November 27, 2024, 12:33:00 AM
#86
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 Bitcoin is indeed a good investment asset like the Gold and real estate, and the most interesting part is that regardless of the price, one can literally buy as low as $10 unlike the above mentioned two assets, but your investment should be base on your risk tolerance, how much you capable of risking and you would be fine should anything happen, since you want to invest $300-$400 monthly,  you also can spread it across, $100 and buy not buy all at same time.
In depositing, you can take advantage of buying bitcoin fractional amounts of any amount within your means, which is not possible in the case of gold or real estate. The Bitcoin depositing strategy is easy to understand. An investor can decide to buy Bitcoin at any time regardless of the price with any amount of assets under the DCA method. When investing in gold or real estate an investor has to allocate additional money and make a lump sum investment, which may be beyond the means of most investors. DCA method is a method of depositing Bitcoin through which an investor can tend to deposit any amount on a weekly or monthly basis. When depositing valuable assets like Bitcoin with real assets, you should proceed with consistent buying decisions to have the right execution capacity.
full member
Activity: 728
Merit: 217
November 26, 2024, 03:30:44 PM
#85
I try to buy Bitcoin now because is a period of my life that I can invest 300-400$ 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 one advisor want to give to you for investment of Bitcoin there is no time that is preferable or a special time for someone to invest in Bitcoin but the thing is that you should have a target and I think that many persons I have said so that you should do invest with target and if bitcoin or the coin you are investing on meet up to your target then you cash out but if you does not meet up your target then you can still hold , so this scenario is emphasizing on bitcoin investment that there is no time is not good for you to invest provided that you have the capital to invest so you can invest at any point in time depending the level of the money or the found you have
hero member
Activity: 574
Merit: 554
Leading Crypto Sports Betting & Casino Platform
November 26, 2024, 02:20:50 PM
#84
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.

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.     
hero member
Activity: 1022
Merit: 600
November 26, 2024, 02:09:25 PM
#83
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 Bitcoin is indeed a good investment asset like the Gold and real estate, and the most interesting part is that regardless of the price, one can literally buy as low as $10 unlike the above mentioned two assets, but your investment should be base on your risk tolerance, how much you capable of risking and you would be fine should anything happen, since you want to invest $300-$400 monthly,  you also can spread it across, $100 and buy not buy all at same time.
legendary
Activity: 2128
Merit: 1775
November 26, 2024, 08:50:40 AM
#82
I try to buy Bitcoin now because is a period of my life that I can invest 300-400$ 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 am very sure that it is never too late if there is a desire to invest in Bitcoin, generally all of us here understand that once the Bitcoin price halving occurs it will print a new ATH price, it happens once every four years.

This month Bitcoin has created a new ATH, higher than the previous halving, meaning that the price of Bitcoin in the future I think will be higher than now, so don't panic when the price of Bitcoin falls after you invest, let time pass and it will answer all your needs.

The point is to always be optimistic and believe that it is never too late to invest.
full member
Activity: 252
Merit: 131
November 26, 2024, 08:37:46 AM
#81
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.
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.
full member
Activity: 784
Merit: 115
November 26, 2024, 04:27:06 AM
#80
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.

Yes, I read that inspirational story in X. It is not easy to buying Bitcoin every day for 8 years but that man prove that he can do. So we can also do that and hold for some years although the price now is at $93.

Here is the story in X:
Code:
https://x.com/regothetrader/status/1855234677491073122

We can make a big profit like him but it needs to buy Bitcoin constantly by weekly or monthly. We choose what term we want to use and we are free to decide how much money we will use to invest in Bitcoin.

If @OP can use $300-$400 to buy Bitcoin monthly, that will be good for him because he can accumulate more Bitcoin. But he must remember that need to have discipline to keep buying Bitcoin monthly.
legendary
Activity: 1904
Merit: 1176
Glory To Ukraine! Glory to the heroes!
November 26, 2024, 02:31:12 AM
#79
I try to buy Bitcoin now because is a period of my life that I can invest 300-400$ per month do you think that Btc is a good investment option for me and the range of the money I can invest monthly ?

Maybe now is not the best time for this, but it depends on the purpose for which you want to buy, if this is a long-term investment and you are ready for a drawdown after the bull run, then you can buy, or if you are satisfied with a small profit if bitcoin grows to 150k in the coming months (and this is a positive forecast according to my expectations), but it can also be much lower.

Buying near ATH has always been not the best solution, you need to buy on a bear market and sell on a bull market, this rule has always worked, I don't think that this time something should change.
?
Activity: -
Merit: -
November 26, 2024, 02:13:07 AM
#78
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.
sr. member
Activity: 742
Merit: 366
November 25, 2024, 05:46:58 PM
#77
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 I understand you well, you meant at this moment you can be able to invest $300 to $400 monthly in bitcoin, which means you are earning a lot at this moment and you want to use the opportunity of which you are earning a lot of money right now to invest.

Well, that is a nice idea, but just understand that there should be a limit. When you see that it has reached a limit that you can afford to lose, you won’t stop because you are still earning the same amount, so you should be aware of the risk and other things that you need to know.

However, if you think you can afford to lose such an amount in a month, which is good for you, then it should be for investing in bitcoin too. So I will say it’s a nice idea you should invest this money if you can afford to lose it, but if you can't, then you should think again and make the right decision for yourself.
full member
Activity: 252
Merit: 175
cout << "Bitcoin";
November 25, 2024, 04:39:13 PM
#76
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 be honest, $300-400 is quite a decent amount to invest in Bitcoin every month for someone that probably lives in a country where unemployment rate is high, and there is inflation (which is present in most countries around the world anyways). In as much as Bitcoin had recently experienced a bullish movement, which we aren't even certain of how long it will last(but we hope for long), it's never still too late to buy Bitcoin. Considering your capability of around $300-400(let's just use $300), you will end up buying a total of nothing less than $3600 in a year, which isn't bad at all.

But I'm not sure of how frequent you get this $300-400. Is it at the end of the month or the money come in batches (like a weekly payment). If you happen to receive a weekly payment that amount to your investment budget, then I will suggest that you make your Bitcoin purchase weekly, rather than waiting till the end of the month. But if it turns out that you get the money at the end of the month, then just continue doing your thing.
full member
Activity: 448
Merit: 163
November 25, 2024, 04:25:55 PM
#75
I try to buy Bitcoin now because is a period of my life that I can invest 300-400$ per month do you think that Btc is a good investment option for me and the range of the money I can invest monthly ?
Yeah off course the Bitcoin has become best coin in all over the world that everybody have interest to invest in, since the time people’s relying that Bitcoin is a good investment nobody wants to miss to invest in Bitcoin again; but as for you now I think this money amount of money that you wanted to start is too big for you as new beginners.

Because one thing about the Bitcoins investment is that, if your a beginner and you have know any ideal about the Bitcoins investments even though you start things will know go as well you want; at time the market will go as your expectations: and that’s why they said before a person should introduce his in to the Bitcoins, is good for to go deep research about the Bitcoins so that it will know how it operates.
hero member
Activity: 1428
Merit: 653
Leading Crypto Sports Betting & Casino Platform
November 25, 2024, 10:53:36 AM
#74
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.
I think op interest increased as he noticed that price has started increasing and thus is a major interest of people because when they don't see Bitcoin at top they wouldn't have that mind to go venture to have good spot preserved for them, but however it's not too late though, even though the price has risen above expected we still believe that those who invested now would reap their profit either next year or next bitcoin halving because there could be possibility for huge dump after the bull run, and those who are not patient enough might likely panicked and sell of their holdings before the next halving.
legendary
Activity: 2072
Merit: 4265
✿♥‿♥✿
November 25, 2024, 08:57:10 AM
#73
. If still wants to ride the train then I think it's not wrong to buy small amount of bitcoin at this time and hoping it will reach 100k soon even if the gain is small.

Definitely. You are right that any amount, even a small one, especially for a beginner, will be a good investment, at least to feel like someone who keeps up with the times. I think even a few bucks in profit is a good motivation for a beginner to start learning more about Bitcoin and use the DCA strategy for a few years.
member
Activity: 182
Merit: 24
OrangeFren.com
November 25, 2024, 07:12:07 AM
#72
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, bitcoin is a good investment but the price of bitcoin is too high for you to invest such huge amount of funds in this period, because it will be difficult for you to make a reasonable income from the capital, but if you can wait for the price of bitcoin to decrease before you can start investing what you can afford to lose in bitcoin investment, I think you have make a good decision to embrace bitcoin investment, it never too late to buy bitcoin when you are financial buoyant, since you are a newbie, I will advice you to learn more about bitcoin investment before you can start investing such amount of funds into bitcoin investment.
newbie
Activity: 239
Merit: 0
November 25, 2024, 06:39:42 AM
#71

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 depends on the policy you think, with many factors to think about investing in bitcoin, but I think investing in bitcoin is very good for now and it's something that needs to be done, with forward thinking of course it's the best choice for now, regarding the amount of money invested depends on the ability you have to enter it, which is clearly very good for the future.
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