Too late to buy Bitcoin ? - page 7. | Bitcointalksearch.org

Albarq

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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 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.

reagansimms

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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 believe in the future growth of Bitcoin, then Bitcoin is a good investment for you. Whether it is good or not depends on each person's perception, if you already have basic knowledge of Bitcoin and analyze the price movement from when it first appeared until now, this will further encourage your interest in continuing to invest when you have money ready to invest.
You can invest any amount as long as the money is not used for other needs or money that you are ready to lose, there is no limit to investing in Bitcoin. You also need to monitor market movements when making purchases, if the traded price is too high (in your opinion), you can postpone until the price is as desired.

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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 ?

Surely bitcoin is the best investment option for you right now. If investing $300 to $400 Is continent for you then you can proceed. But make sure you split it across each week and make sure you don't invest aggressively to the extent of seling back your coin to solve your problem when you have not met your set target. Because surely some folks do that because of lack of proper planning. We have been tought to always have a source of income that will enable us to be able to invest in bitcoin set aside fund for emergency and have some discretion to solve some other problems to enable us not to sell our bitcoin HODLings when the set target is not met. Otherwise it may be problematic to invest and later sell down the road.

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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 ?

You have to do it as soon as you can. Take example of this guy that have been consistently buying Bitcoin and doesn't mind the market conditions, what matters to him the most is that he's consistent with what he does and he's able to accumulate and there's always the addition of Bitcoin in quantity based on his long term plan. It's not too late and you've got money to do that so start as soon as possible.

Quote from: Wonder Work on November 24, 2024, 12:28:46 PM

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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, I think it's still a good time to buy Bitcoin (even though you already foot dragged this far). The dip you're seeing now is a cool off period for Bitcoin. You may want to utilize the retracement and get a good entry before it takes up again. For those who are panicking and thinking Bitcoin will be on a decline now, they should know that it hasn't even done double of its previous ATH, let alone triple it. By now we should've known of how high Bitcoin had been reaching against every of its previous ATHs to make a new one. Its last circle ATH was around $68k+, we haven't done even $100k yet in this present circle. DYOR, please. Don't rely on my comment to take your decision as this isn't a financial advice.

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Quote from: Cryptomultiplier on November 24, 2024, 08:41:01 AM

Am sure that by now you may have come across or heard many people talking about DCA strategy or lump sum strategy of investment in Bitcoin. If you have, then I suggest you start with research into knowing what they are and how you can apply them to any investment plan you have.

I don't know if the op is aware of the DCA method which I think will be the best investment strategy for a beginner,now that you have mentioned it I think it is an opportunity for the op to learn more about it and invest since he's saying That he can be putting in the amount he mentioned in his post monthly. Consistency is the best way to have a good DCA method once he is knowledgeable about the method I think he will have no issues doing his investment very well.

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Quote from: Wonder Work on November 24, 2024, 02:41:17 PM

It is better not to think about making a short-term profit because the price of Bitcoin is so high that something can happen very soon. Therefore, the investment trend will be maintained if DCA remains long. If it cannot be done, then you should wait a little and see what the market does before taking the next step.

It would be dumb move if someone will buy bitcoin during bull season and holding it for long term investment. It depends on the person if they will take the risk to take a short term investment during bull market or not take the risk. Even if it's not during bull season could still lead some loses although it is very different if it's during bull market since the lose of profit could be big. 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.

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Quote from: nakamura12 on November 24, 2024, 02:23:04 PM

It is still possible to earn profit since there's a chance that the price of btc will reach 100k although if someone is buying bitcoin right now for long term hold then it is not the right time to do it since it's bull market at the moment. To be honest, I don't agree with you that this period is not a good time since gaining profit is still possible and yoi even mention it which is for short term gains. We can see that the price not long ago goes back to 88k+ before going back to 90k+ so it should be on short term end rather than long term which will be on losing end if buying right now then hold for long.

It is possible to profit now, but it will be a short-term investment. Those who make a short-term investment will take this into the trading system when they trade it. From here, they can make some profit. It should be kept in mind that the primary market is currently running. How worthy is it to profit by employing a short-term one now? At the level we are at right now, the price of Bitcoin will exceed $100k. That is why no matter what time is taken, it should be taken carefully, or you will lose.

It is better not to think about making a short-term profit because the price of Bitcoin is so high that something can happen very soon. Therefore, the investment trend will be maintained if DCA remains long. If it cannot be done, then you should wait a little and see what the market does before taking the next step.

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

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.

It is still possible to earn profit since there's a chance that the price of btc will reach 100k although if someone is buying bitcoin right now for long term hold then it is not the right time to do it since it's bull market at the moment. To be honest, I don't agree with you that this period is not a good time since gaining profit is still possible and yoi even mention it which is for short term gains. We can see that the price not long ago goes back to 88k+ before going back to 90k+ so it should be on short term end rather than long term which will be on losing end if buying right now then hold for long.

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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 ?

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.

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Quote from: Ricardo11 on November 24, 2024, 10:40:11 AM

For those who want to invest in Bitcoin for long-term holding, it is never too late to invest, they can start investing at any time. Especially those who will invest following DCA. And yes, for this, it is very important to ensure personal financial status and positive cash flow.

Because if our financial situation is bad, we will not be able to sustain our investment for a long time, and our investment must be long-term, at least 10 years. That is, all in all, we need to build a strong source of income and can never wait for the right time to invest, Because as a result, you will just keep missing out on good opportunities to start investing. (if you have decided to invest for long-term holding).

Yes, those who will invest following DCA can start investing at any time, if they can, they should start. To invest, you must struggle personally and start investing with that ability. Many people are seen investing for a few days and then stop investing; this thinking cannot be used. To invest, you must invest for a long time. Those who invest invest for a long time. I recently posted a post on long-term investment in a Bitcoin discussion. You can see how patiently that person has continued his long-term investment. I'm sharing it with you.

https://bitcointalksearch.org/topic/if-you-are-investing-in-bitcoin-you-should-make-this-investment-5520514

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Quote from: Pi-network314159 on November 22, 2024, 08:29:00 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 ?

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.

For those who want to invest in Bitcoin for long-term holding, it is never too late to invest, they can start investing at any time. Especially those who will invest following DCA.
And yes, for this, it is very important to ensure personal financial status and positive cash flow.
Because if our financial situation is bad, we will not be able to sustain our investment for a long time, and our investment must be long-term, at least 10 years.
That is, all in all, we need to build a strong source of income and can never wait for the right time to invest, Because as a result, you will just keep missing out on good opportunities to start investing. (if you have decided to invest for long-term holding).

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

If your salary is $400 monthly, you can be investing like $20 on bitcoin which is 5% of your monthly income.

He didn't say that his monthly salary is $400, but instead that he can invest $300-$400 per month.

@OP Despite bitcoin price hovering around its all time high, don't think that you are too late to the party so you turn to altcoins instead, mistake that many of us when we got in the contact with bitcoin for the first time. Just be aware of the fact that you bitcoin won't make you rish by investing few thoussands of dollars, and that you may have to wait for years to get significant profit.

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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 ?

That's a good size of monthly investment if you will do it consistently. Now, how long do you plan to do that?

If you won't be satisfied with the outcome of it when you start doing so that is because you have just started. You need to put up a plan of the range of doing it.

Let's say you have a good outcome several months from now, what you do next? will you continue to DCA or you're going to stop there and will start selling? plan your game because you are way better than the others who are only wishing to DCA with that amount monthly because they have lesser and not even close to yours.

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Am sure that by now you may have come across or heard many people talking about DCA strategy or lump sum strategy of investment in Bitcoin. If you have, then I suggest you start with research into knowing what they are and how you can apply them to any investment plan you have.

For one, the DCA strategy will help you invest any fraction of your money having purchased some BTC and where it is an excellent choice as compared to lump sum, is when one has to invest regularly in fractions until a duration you feel is enough but it is always good to use this strategy if you are thinking investment for a long time, so that incase your funds cease or starts coming slow, you can manage to meet up by further dividing the fraction you would normally and regularly invest, this is so as to suit your pressing economic situation.

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That is a nice allocation that you prepare to invest in Bitcoin. It is not too late to invest in Bitcoin with any amount you prepare. Bitcoin is a good investment option for you and others and you can start anytime you want even in this time. But if you want to wait for a while until the price reach the lower price than now, you are free to choose that.

But you need to analyze first to find your entry point to start investing in Bitcoin. But there is no exact range of the money you can invest monthly because that will depends on yourself. You should know how much money you willing to use to invest in Bitcoin. You need to calculate and know how much your expenses monthly and know how much money you still have. Don't forget to set the same amount of money monthly so you can directly to buy Bitcoin.

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Quote from: lovesmayfamilis on November 23, 2024, 02:45:03 AM

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.

Op is definitely being caught up by FOMO. Price has been skyrocketing for a long time now and the 100k we all anticipated would happen next year is already before us. Right now I think the OP is contemplating because he is not sure if the pump will continue or he should wait till price retraces back down a little.
Every one is happy to buy during dips and wait for the pump period like we experienced 48k a couple of months back and now we've pumped to literally double that price. The problem is if OP is advised to wait , what if the pump doesn't retrace sooner?

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Quote from: adultcrypto on November 23, 2024, 05:24:43 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 ?

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.

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.

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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. ~~~~

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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 ?

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.

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