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KaratX

member

Activity: 252

Merit: 29

Sovryn - Brings DeFi to Bitcoin

Quote from: abdulfatah.busari on April 13, 2020, 05:38:52 PM

Hi guys
Trust you are staying safe, I have this to ask and you contribution will be highly welcome. "Though BTC is rising gradually again but
the strong downtrend of Bitcoin and the fact that economies are being affected by COVID-19 epidemic, Is this an opportunity for investors to buy and accumulate before the halving cycle occurs?"

Of course, what are you waiting for? Many top exchanges are presently filled with many Bitcoin buy orders, many noticed how good the next BTC halving is going to be for BTC holder, you'd better join the train before it's too late, I suggest you invest what you can afford to lose

KiloFoxtrot

copper member

Activity: 98

Merit: 4

Quote from: 20kevin20 on April 13, 2020, 07:29:47 PM

If you were to follow the basic stuff about investments, then this could be the perfect opportunity to buy more.

My trading history is full of hits & misses, but most misses were caused by me not purchasing on dumps & waiting for an even lower price or not selling at the top & hoping for an even larger boom. If I was to calculate all the lost opportunities I ever had, the loss on paper is huge.

If you see the prices going in a downtrend and BTC ~3x lower than ATH as an opportunity, buy it if you're willing to assume the risks it implies. According to basic trading rules, you buy low and sell high.

Exactly my thoughts also, since I have the same experience more or less before as well.

As a newbie, I wasn't even aware of the btc halving and I just found out about it only recently. Shocked

Nonetheless, that's why I'm actively doing my research again and catching up on what I should've done beforehand since I wasn't interested in investing anymore on btc. The wealth of experience being shared here is invaluable and the experience of trying to figure out how it's best to invest on btc, including other alts would be useful in the future.

And I must admit, I am hoping for the best but I"m also lowering my expectations, of course.

Negotiation

sr. member

Activity: 1204

Merit: 270

Hire Bitcointalk Camp. Manager @ r7promotions.com

I agree with you that your own decision is the best decision before investing Therefore if we work with our own intelligence we will be able to move forward by correcting the mistakes even if it is a loss. Bitcoin is a very powerful currency Although the economy has been hit by the COVID-19 epidemic its impact has diminished. Bitcoin prices have started to rise so investors now have a better chance of buying Bitcoin Bitcoin is likely to cross half of the events this month Bitcoin is growing at a higher price than before.

Velkro

legendary

Activity: 2296

Merit: 1014

Quote from: abdulfatah.busari on April 13, 2020, 05:38:52 PM

Hi guys
Trust you are staying safe, I have this to ask and you contribution will be highly welcome. "Though BTC is rising gradually again but
the strong downtrend of Bitcoin and the fact that economies are being affected by COVID-19 epidemic, Is this an opportunity for investors to buy and accumulate before the halving cycle occurs?"

Best answer already here: "Do not take my advice as an investment strategy or plan to follow, make sure you research on your own and decide on what decision is best for you".
If you will follow your own decisions you will be one to blame or praise. If you follow some random dude in internet, then you will blame him.
Try to figure it out yourself and verify any data.

SirCharles

newbie

Activity: 12

Merit: 0

Quote from: Annisa_crypto on April 15, 2020, 03:57:21 AM

This time is very crucial for the whole world due to COVID. Not only crypto the whole ecosystem is down. It is not about only you should invest in BTC you can invest in other cryptos as well which you think gives you good returns in the future. You can buy small amounts of the coin if the budget is a constraint. Stay safe and happy trading.

Depending on where you located at and including your current financial health for investing, COVID-19 does make you think not twice... maybe even thrice... because nothing is still certain until the pandemic concern has been resolved to a certain extent.

It's a good suggestion since like what you've said "you can buy small amounts of the coin if the budget is a constraint" indeed. But always make sure you that you have a back-up plan already, in order for you to avoid selling your crypto and avoid incurring unexpected losses as well.

Annisa_crypto

member

Activity: 128

Merit: 13

This time is very crucial for the whole world due to COVID. Not only crypto the whole ecosystem is down. It is not about only you should invest in BTC you can invest in other cryptos as well which you think gives you good returns in the future. You can buy small amounts of the coin if the budget is a constraint. Stay safe and happy trading.

iCrypto2

newbie

Activity: 9

Merit: 0

Quote from: LbtalkL on April 14, 2020, 12:54:01 PM

If you have extra money that is ready to lose it is always good to buy Bitcoin either in bear or bull I think in the long run bitcoin price will be more higher. But if you are planning to invest the only money you have got, I don't recommend either long or short term, anything can happen in crypto in just a day so it is better not to enter crypto if you are not capable and be responsible in any decision you make be wise.

I agree! I'm not ashamed to admit that I've had my own mistakes before and those things you've said are pretty basic suggestions but are on point. Newbies beware, take heed and listen to the wisdom of the more experienced (if you'd rather not lose what you've earned and worked hard for).

LbtalkL

full member

Activity: 1176

Merit: 162

If you have extra money that is ready to lose it is always good to buy Bitcoin either in bear or bull I think in the long run bitcoin price will be more higher. But if you are planning to invest the only money you have got, I don't recommend either long or short term, anything can happen in crypto in just a day so it is better not to enter crypto if you are not capable and be responsible in any decision you make be wise.

akhjob

sr. member

Activity: 1050

Merit: 416

Buy Bitcoin

Nobody is perfect in predicting the market, especially Crypto market. Generally, it's good to buy when the market is in a state of panic and the price dumps. But if you are not good at predicting the highs and lows of the market, I would suggest you to go for DCA (Dollar Cost Averaging) strategy. DCA strategy reduces the impact of volatility in large purchases. Have an estimate of how much you are going to invest into Bitcoin, split them into parts and purchase Bitcoin weekly/monthly based on your preference irrespective of the price action. By this way, you don't have to necessarily predict the market.

Eclipse26

sr. member

Activity: 658

Merit: 268

bullsvsbears.io

It is not directly affected by the PANDEMIC, but the action and situations of people are the things that reflect to the market price. How? Covid-19 is existing for months already, correct me if I am wrong, but the decline in its price happened recently, when the pandemic spread and affected more countries . My thoughts to this is that, investors pulled their holdings and investments to prioritize their needs since there are shortage in some countries when it comes to goods and services, so they might use their investments for this emergency.

Going back, this would be a good opportunity to invest , no doubt, but it will depend on your capability as an investor. Can you afford allocating an investment at this point? 'Coz if you can, it would be good. But if you cannot, do not push things, and prioritize the things you need to live.

SirCharles

newbie

Activity: 12

Merit: 0

Quote from: Yaunfitda on April 13, 2020, 09:54:26 PM

Quote from: abdulfatah.busari on April 13, 2020, 05:38:52 PM

Hi guys
Trust you are staying safe, I have this to ask and you contribution will be highly welcome. "Though BTC is rising gradually again but
the strong downtrend of Bitcoin and the fact that economies are being affected by COVID-19 epidemic, Is this an opportunity for investors to buy and accumulate before the halving cycle occurs?"

There's no "perfect time" to buy bitcoin in my opinion, it's really up to us, how are going to take the "risk". Maybe you can invest today, but can you hold on it?

You can buy anytime you want, however, if you have little appetite for risk, meaning you easily succumb and got nervous when the price started to go down because you are losing your portfolio and you can't think logically and all you wanted to do is sell right away. Then I guess you won't last in this game, just saying.

I share the same sentiments you've mentioned, including more or less the same comments by others here as well. You must have a budget and you must be prepared for both the best case or worst-case scenarios when investing. Also, the amount of research could never be discounted and if you rush to soon, you might regret and be burned by your hasty ill-advised decisions.

Yaunfitda

hero member

Activity: 2870

Merit: 594

Quote from: abdulfatah.busari on April 13, 2020, 05:38:52 PM

Hi guys
Trust you are staying safe, I have this to ask and you contribution will be highly welcome. "Though BTC is rising gradually again but
the strong downtrend of Bitcoin and the fact that economies are being affected by COVID-19 epidemic, Is this an opportunity for investors to buy and accumulate before the halving cycle occurs?"

There's no "perfect time" to buy bitcoin in my opinion, it's really up to us, how are going to take the "risk". Maybe you can invest today, but can you hold on it?

You can buy anytime you want, however, if you have little appetite for risk, meaning you easily succumb and got nervous when the price started to go down because you are losing your portfolio and you can't think logically and all you wanted to do is sell right away. Then I guess you won't last in this game, just saying.

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

If you're going to hold long-term, why even attempt to time the markets? Any price in this price range is a good buy in my opinion if you're planning on holding for years and years anyway. If you're short-term trading, it's pretty much a coin flip.

demian.agustin67

jr. member

Activity: 63

Merit: 3

i have already monitored about stability of btc price since past 3 - 6 months ago, i remembered the moment when it reached its lower level at 90M per btc in IDR currency before covid-19 pandemic. Today it touch 111 M per btc in IDR, its means that the trend is stable enough even in pandemic eras. I think this could be our opportunity to invest more in btc

20kevin20

legendary

Activity: 1134

Merit: 1598

If you were to follow the basic stuff about investments, then this could be the perfect opportunity to buy more.

My trading history is full of hits & misses, but most misses were caused by me not purchasing on dumps & waiting for an even lower price or not selling at the top & hoping for an even larger boom. If I was to calculate all the lost opportunities I ever had, the loss on paper is huge.

If you see the prices going in a downtrend and BTC ~3x lower than ATH as an opportunity, buy it if you're willing to assume the risks it implies. According to basic trading rules, you buy low and sell high.

AakZaki

legendary

Activity: 2338

Merit: 1084

zknodes.org

I am not too pessimistic before Halving, because for me price movements can go up high and down dramatically. We are just realistic where when we look at two halving earlier in 2012 and 2016 the price of Bitcoin has risen to the highest resistance and then experienced a price decline that year where Halving occurred.

Some people still believe, including the OP, maybe they have been told by others.
But however the OP has to do its own analysis or research.

bitmover

legendary

Activity: 2352

Merit: 6089

bitcoindata.science

Quote from: abdulfatah.busari on April 13, 2020, 05:38:52 PM

Is this an opportunity for investors to buy and accumulate before the halving cycle occurs?"

This is a good opportunity to accumulate not only bitcoin, but also stocks, precious metal, bonds, etc.

It is also very risky. The best time to buy is when blood is on the streets...

Coyster

legendary

Activity: 2184

Merit: 1302

Do not take my advice as an investment strategy or plan to follow, make sure you research on your own and decide on what decision is best for you, despite that, I'll advice you to the best of my knowledge.

Bitcoin price is not "too low" right now, though you can seize the opportunity and accumulate coins, but do not do that with the halving at the back of your mind. Many of you noobs are too excited about the halving and I can see that with the amount of threads on the same topic in bitcoin discussion board. You should be forewarned that the halving may not have the desired effect you want it to. Accumulate coins to hold them far longer than the halving time, at least for your health, so you don't get a heart attack, and always "invest only what you can afford to lose"

abdulfatah.busari

jr. member

Activity: 462

Merit: 1

Hi guys
Trust you are staying safe, I have this to ask and you contribution will be highly welcome. "Though BTC is rising gradually again but
the strong downtrend of Bitcoin and the fact that economies are being affected by COVID-19 epidemic, Is this an opportunity for investors to buy and accumulate before the halving cycle occurs?"

Topic: Want to Know (Read 308 times)