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Topic: Too late to buy Bitcoin ? - page 9. (Read 1982 times)

sr. member
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November 22, 2024, 07:01:12 AM
#28
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 ?
In fact, you are too late to invest in Bitcoin. Many of those who invested in the bear market and held on to it plan to sell. But if you want to invest for a short period of time, you can invest, many expect the price of Bitcoin to increase significantly in 2025. But now that you invest so much, can you afford to lose so much? We know the Bitcoin market is uncertain and it's hard to predict what will happen, everyone just assumes it will go up a lot. You have to invest with risk, if you invest now then don't expect much profit, it will be better to sell if you get some profit. In my opinion it may be better to wait for the bear market rather than investing in the bull run, when the bear market starts after the bull run it will be more profitable to invest in the DCA method and hold for a long time.
legendary
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November 22, 2024, 06:50:40 AM
#27
Suggest an altcoin
I'll not advise you to buy altcoins, there are so many of them and it is hard to select the one that would eventually give you ROI, because there are so many pump and dump altcoins. I will advise that you stick to your original plan of buying bitcoin using the DCA strategy, even if you are looking for short term gains, we are still not at the peak of this cycle, except you are ready to gamble with altcoins and it could prolly not end well for a newbie like yourself.
hero member
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November 22, 2024, 05:30:25 AM
#26
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 .
I think you misinterpreted something from Op. Op meant he/she has will be able to invest $300-$400 monthly, i don't think this means he/she earns that figure monthly.

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 this is dependent on the Op investment plan, how long does he/she wants to HODL the coin before taking profit.

While the price of bitcoin seems like crazily high now, people current view of the market shows even after hitting $100k many will still be HODLing maybe probably to the 150k. This means Op can still invest now but that doesn't means he/she should just go all out because can go side ways at times and so it's important to invest, what will not make life difficult for you in order not to sell your coins in lost. Also, if your plans is actually a long term like 5 to 10 years, you won't have to worry much about the current price because there's an high tendency of it already passing $200k by then.


Exactly 300-400$ is not my salary but a budget I can invest and afford to lose .

I want to make a long term investment here .

Thank you for your reply fam
If this is the case, go ahead and accumulate Bitcoin as you like, but make sure you don't store up your Bitcoin on crypto exchange, or tell friends and families the amount of Bitcoin you have accumulated because nobody is to trust these days with your Bitcoin worth known to them. Keep your Bitcoin holdings private, and don't forget to keep your private keys in a safe place where you can't misplace or forget them.

That being said, I wish you success in your accumulation of $300 in Bitcoin every month. It's profitable months we have ahead of us in Bitcoin investment and accumulation
?
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November 22, 2024, 05:28:23 AM
#25
I try to buy Bitcoin now because is a period of my life that I can invest 300-400$ 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 are some questions that I can ask (but I doubt if you will answer it Cheesy).

Are you buying Bitcoin for the long-term or short-term?
Can you afford to lose that amount of money?
Are you a newbie with regards to investing into cryptocurrency?

This is only my opinion. If you're buying Bitcoin hoping to make profit for the short-term, there's still some profits that you can get, but I would say investing into altcoins would give you more profit than Bitcoin at its current price. Now if you're planning for long-term, I would suggest waiting for the bear market to happen so you can buy those Bitcoins at a much lower price. I know the excitement of investing into Bitcoin especially when you already have the money but be patient especially now that we are in a bull market already. In short, I would say avoid because I feel it's too late, but hey it's your own money and whatever you feel trust that feeling of yours. Smiley

If I'm in your situation though, I would stop accumulating Bitcoin for now and focus on altcoins.

Suggest an altcoin
sr. member
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November 22, 2024, 05:15:38 AM
#24
If they are not sure but still want to try just to start up their journey then spending small amount to start is nicest thing they could able to do.

But if they are not really so sure about their decision to invest with bitcoin best if they listen to their doubts and just start to gather more information then invest if they are truly ready to take the risk and apply those things they learn.
With either big or small investment capital, newbies can start with small part of their capital, practice DCA for their investment. It's good method to invest successfully and also helpful for them to gain experience with time in the market. If they make mistakes, starting will small capital won't cause them big losses.

Fortunately with DCA strategy for investment, if they practice it properly, there will be no wrong entry, because their entries can be low or high at different investment rounds, but with time in long term, their entry price will be averaged.

Invest small capital, do it regularly, stay in the market for a long time, will help them to understand it market more. It's foundation for their investment success in future.

https://dcabtc.com/
hero member
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November 22, 2024, 04:54:52 AM
#23
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.

You are actually right mate, this is same thing I keep telling anyone who might be fascinated by the bullish momentum of BTC and wants to jump in now and buy. The price is currently high and of we remember correctly, we are only supposed to buy low and sell high. There's actually a risk right now in buying Bitcoin at a high price as it might drop and your investment would take longer to get back into profits.. it's better for op here to invest little like you said and wait for the next bear season to arrive.

If they are not sure but still want to try just to start up their journey then spending small amount to start is nicest thing they could able to do. Bitcoin is strong currency though and provably that their money is safe there especially if they look forward to sell it for long term purposes.  But if they just aiming to buy and sell low then maybe they would struggle to find good position especially if they are using small amount since provably the current volatility of bitcoin might confuse them and provably this would leave up to more higher risk to lose their money.

But if they are not really so sure about their decision to invest with bitcoin best if they listen to their doubts and just start to gather more information then invest if they are truly ready to take the risk and apply those things they learn.
sr. member
Activity: 336
Merit: 365
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November 22, 2024, 04:47:42 AM
#22
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.

You are actually right mate, this is same thing I keep telling anyone who might be fascinated by the bullish momentum of BTC and wants to jump in now and buy. The price is currently high and of we remember correctly, we are only supposed to buy low and sell high. There's actually a risk right now in buying Bitcoin at a high price as it might drop and your investment would take longer to get back into profits.. it's better for op here to invest little like you said and wait for the next bear season to arrive.
legendary
Activity: 2576
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November 21, 2024, 10:15:38 PM
#21
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 are some questions that I can ask (but I doubt if you will answer it Cheesy).

Are you buying Bitcoin for the long-term or short-term?
Can you afford to lose that amount of money?
Are you a newbie with regards to investing into cryptocurrency?

This is only my opinion. If you're buying Bitcoin hoping to make profit for the short-term, there's still some profits that you can get, but I would say investing into altcoins would give you more profit than Bitcoin at its current price. Now if you're planning for long-term, I would suggest waiting for the bear market to happen so you can buy those Bitcoins at a much lower price. I know the excitement of investing into Bitcoin especially when you already have the money but be patient especially now that we are in a bull market already. In short, I would say avoid because I feel it's too late, but hey it's your own money and whatever you feel trust that feeling of yours. Smiley

If I'm in your situation though, I would stop accumulating Bitcoin for now and focus on altcoins.
legendary
Activity: 2534
Merit: 1397
November 21, 2024, 08:45:53 PM
#20
Take gold as an example of what happened on ETF approval:
Now we already have Bitcoin ETFs also, this was really expected, I was hoping this to happen after ETF approval on Bitcoin but I just didn't it happened very soon but it already happened, and I'm glad about it.
To answer the question OP, it's not too late. Best way to do it, buy in different level, so just incase you are worried about buying on the peak prices.

legendary
Activity: 882
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November 21, 2024, 08:30:11 PM
#19
If you say this is an amount you can afford to lose, do it.  Maybe diversify.  A hundred Dollars in Bitcoin, a hundred Dollars in a Stock you research well and think will do good in the future and a hundred more Dollars in something else.  Maybe a Commodity or some thing like that.

It is never bad to put Money into Investments.  Some of them will fail.  Maybe most of them in the beginning.  Others may do well enough that the losses will be compensated by them.  But you can only learn through failure.  And it will probably be worth it years down the line.
legendary
Activity: 2268
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To the Moon
November 21, 2024, 06:24:23 PM
#18
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 is unknown to what level the price of Bitcoin will rise, but I would not risk buying it now. In my opinion, the best solution now would be to wait for the BTC price correction and buy altcoins for the entire deposit, which should bring a good profit with the onset of the altcoin season.
hero member
Activity: 1666
Merit: 723
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November 21, 2024, 06:19:39 PM
#17
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 bitcoin is not a good investment why do you think that many people invest on Bitcoin on daily basis.. so I will encourage you to invest in Bitcoin because I did come prices increasing now definitely it will also experience decrease so if Bitcoin did not experience decrease this year come expressed next year but don't panic when you come across ourselves because the more you hold your Bitcoin for years the more bitcoin get appreciated in value so investing in Bitcoin with the $300 to $400 I don't think that is a wrong investment that conception that courage is good and the it will benefit you in future not now many people who has invested in Bitcoin has no regret till now, instead they are making more money on it.
hero member
Activity: 700
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November 21, 2024, 06:16:44 PM
#16
If the reason you want to buy now is because of the recent rise in price then I’ll suggest you take a step back and look at it better because there is a tendency for the price to drop at any point in time but if you just want to buy and HODL it no matter what happens to the price then you can go for it.

$400 monthly isn’t that bad - you should be able to accumulate a decent amount of bitcoin if you’re consistently buying and you’ll even enjoy it more if the price should drop and you keep buying because any slight increase will cause your portfolio to increase too (but since you’re buying now you might not be able to get too much profit from it though).
newbie
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November 21, 2024, 06:14:53 PM
#15
It’s never too late, it all depends on risk management I believe.
hero member
Activity: 1554
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November 21, 2024, 06:09:24 PM
#14
I can say yes, it's too risky to buy for now but with a little risk with some preventions like stop-loss order in trading sites/app i guess you're probably fine but if you don't know what is this yet, try to make your research first.
sr. member
Activity: 364
Merit: 195
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November 21, 2024, 05:57:20 PM
#13
I try to buy Bitcoin now because is a period of my life that I can invest 300-400$ per month do you think that Btc is a good investment option for me and the range of the money I can invest monthly ?
Although Bitcoin investment is suitable for everyone, some people may not consider Bitcoin as a suitable investment. It is best to invest and hold until the investment succeeds and reaches a certain price but not everyone can keep it. However if you earn 300 to 400 dollar per month then you can invest 100 dollars per month. Because if you invest $100 per month and continue for a long time, you will be very successful. At this point you can be a little patient from investing because the market is now at a very high position if the market is a little dumping you can start investing from there. But if you think it's too late I can't wait you can continue investing using the DCA method. But I think it would be better to wait for the Bitcoin market to dump.
legendary
Activity: 2184
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November 21, 2024, 05:56:28 PM
#12
IMO, it is never late to buy bitcoin, though i hope you are not trying to FOMO buy because of bitcoin's price is now rising very fast and about to break $100,000. If you have the intentions of investing that amount monthly, that is called DCA and it is a great strategy, particularly for beginners, what you need next is to learn about wallets and get a good one to use, buying bitcoin is one thing, the other, and most importantly, is keeping it safe/secure.
sr. member
Activity: 700
Merit: 470
Hope Jeremiah 17vs7
November 21, 2024, 05:40:01 PM
#11
Exactly 300-400$ is not my salary but a budget I can invest and afford to lose .

I want to make a long term investment here .

Thank you for your reply fam
Then you don't need to worry much about now, you are on the right track, the price will still surge more rather just continue stacking till it is time it seems good for you to take profit.
Here's a thread that will really be helpful for you on this your new journey https://bitcointalksearch.org/topic/m.1858442
sr. member
Activity: 1022
Merit: 363
November 21, 2024, 05:10:44 PM
#10
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 ?

Based on your question posted here I guess you are not ready to invest with bitcoin. Maybe try to invest in yourself and make yourself knowledgeable enough so that you would get an idea on how to deal with bitcoin on certain situation occur.

Don't throw some money at that early if you are not really so sure on what you are doing. Everything will follow and became smooth once you learn a lot of things about bitcoin so instead of asking that much better if you read helpful articles that can enhance your knowledge about bitcoin and other things helpful to you.

For sure profit will just come once you already have good knowledge about this coin.
jr. member
Activity: 36
Merit: 23
November 21, 2024, 04:50:38 PM
#9
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.
Now lot's of people are on the rush to kick start their investment, the price was very low then and just few were able to take on the opportunity, we can consider this moment not too brilliant to begin the purchase depending on how long the profits are expected to be returned but basically on the long run, now is neither not the best nor the worst position to enter the market, we are current half way into the bull run and more prices are expected to be witnessed, investing now but just with little decent amount is better than doing nothing.
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