Topic: Too late to buy Bitcoin ? - page 8. (Read 2024 times)

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.

Why do you think the bitcoin price is already high for you to invest? I know bitcoin price is about to enter $100k, and we are entering the bull run gradually, but we should know that after the bull run, bitcoin continues to grow, so we are not supposed to sell everything during the bull run, most people holding for a long time won’t even sell their bitcoin during the bull run. I have a wallet that I won’t even be touching the bitcoin in it even during bull run, but I still have another wallet that I will sell off when bitcoin hits my target.

Sure, bitcoin is the best investment you can make, and when investing in bitcoin, no amount of money is too small, even if you have a little amount of money, you can still invest it in bitcoin. Normally we are suppose to invest what we can afford to lose in bitcoin.

You can start by researching the DCA method and depositing Bitcoin every month, which can build up to a large holding over time and over a long period of time. The tendency to deposit every fraction of Bitcoin can lead to a large Bitcoin pile. With Bitcoin current upward price trend you should start with a small DCA and try to increase the deposit size over time taking into account market conditions such as making a lump sump investment decision during bearish periods. The need for a backup fund is therefore very important to manage your long-term DCA strategy.

The amount of money you can deposit per month depends on your ability but you should be able to deposit any amount and you should make sure that you have a long-term and regular DCA goal of 4-10 years.

No time is too late for you to invest in Bitcoin, as long as you can afford it and you are investing in Bitcoin for a long time, which you are not going to be in a hurry to try to cash out your money when the price might be too low. 
 
If you don't invest today and wait for tomorrow, you might not meet the price this friendly, and secondly, the bitcoin price is not something that you will say has a limit on how much it could not pass in price, which would have been maybe a reason to say it's too late to invest in it when there might not be much profit, but in Bitcoin it's just a matter of patience, and those who invest for a long time will enjoy it.

there are people who are doing DCA and are probably buying BTC using a lot less than $300-$400 per month to invest, so yeah, $300-$400 a month can be a good investment. now, I am not saying that you should invest immediately, I am just saying that with that amount of money per month it could be a good invest, also you need to know the risk you are taking, bitcoin is a volatile investment and there is a possibility that after you buy bitcoin the price suddenly dips and it could take a while for it to return to the price you purchased you bitcoin.