When is it right to invest in Bitcoin? - page 3.

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Quote from: bitzizzix on May 16, 2024, 04:19:58 AM

There is always the question of when is the right time to buy Bitcoin.
And it is best to study and understand Bitcoin well first, see its footprint and also see your ability to buy Bitcoin. And with all that, you can judge when is the right time to buy Bitcoin, because in my opinion the best choice is to buy Bitcoin when you have funds within your means and whatever the amount is using money that you can afford to lose.
And every person or investor has a different strategy by buying DCA, buying dips and so on, but if the goal is for the long term everything will be fine because the long term is the best choice to generate profits in the future.

yes, the best time is when the capital we have is ready to buy bitcoin, and at that time it is the right time. The DCA method is usually the right thing when someone intends to buy bitcoin. This is because, when someone thinks too long, they will become doubtful, and sometimes cancel their intention to invest. So, when your intention is there, and your capital is there, then starting to buy at that time is the right time.

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Quote from: Skfox on May 10, 2024, 12:05:55 PM

-When is it the right time to invest in bitcon?
-How can one start planning?
-How do you follow up your bitcoin investment and other businesses?
-What are the assurance that you are ready?

Before continuing with investment actions in Bitcoin, knowing more details about the storage wallet must be a priority. The Bitcoin wallet is the most sacred place in investing in Bitcoin because assets can be lost if you ignore knowledge about the wallet.
When knowledge about storage wallets is well and correctly understood, then learning to know about Bitcoin investment and all these questions can be done over time as long as you have the time to do it.

Generally, the answer we often hear is buy when prices are low and sell when prices are high.
For me, long-term Bitcoin investment can be recommended. Investments in Bitcoin can be done regularly using the DCA method.

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Quote from: bitzizzix on May 16, 2024, 04:19:58 AM

There is always the question of when is the right time to buy Bitcoin.
And it is best to study and understand Bitcoin well first, see its footprint and also see your ability to buy Bitcoin. And with all that, you can judge when is the right time to buy Bitcoin, because in my opinion the best choice is to buy Bitcoin when you have funds within your means and whatever the amount is using money that you can afford to lose.
And every person or investor has a different strategy by buying DCA, buying dips and so on, but if the goal is for the long term everything will be fine because the long term is the best choice to generate profits in the future.

I just picked out something of a great Importance from your statement. The idea of studying Bitcoin properly and also observing it's footprint, gives a proper understand of dip and price hike. When the knowledge of price fluctuation is there, it would be easy for someone to capitalize on any form of dip as long as the dip is below the current average price.

As long as Bitcoin is concerned, the importance of understanding Bitcoin (necessary knowledge) should not be omitted. And also, DCA method is also a good idea especially when the investor has a consistent flow of income. If I were to be the investor, I would choose the DCA method when there is a consistent flow of income, or capitalize on dip when I actually save up for it. Just as you've said, the DCA method is suitable for a long term investment and I would take that.

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There is always the question of when is the right time to buy Bitcoin.
And it is best to study and understand Bitcoin well first, see its footprint and also see your ability to buy Bitcoin. And with all that, you can judge when is the right time to buy Bitcoin, because in my opinion the best choice is to buy Bitcoin when you have funds within your means and whatever the amount is using money that you can afford to lose.
And every person or investor has a different strategy by buying DCA, buying dips and so on, but if the goal is for the long term everything will be fine because the long term is the best choice to generate profits in the future.

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Quote from: Z_MBFM on May 15, 2024, 12:24:32 PM

Quote from: Skfox on May 10, 2024, 12:05:55 PM

Investing in bitcoin is not something you can just start doing, proper knowledge and planning is needed. Knowing that it is best invested as a short term for beginners like me and long term for experience investors so as to make profit. As an investor, one need to have other means of earnings in other not to stagger when unforeseen occurrences comes like in the bear market(period when bitcoin price falls). Knowing all of these, my questions are:
-When is it the right time to invest in bitcon?

The best time to invest in Bitcoin is every dumping. Investing in Bitcoin does not require a lot of knowledge or research. Investing in Bitcoin requires you to have patience and enough funds to invest that you don't have to use in your day-to-day operations. Because after investing in Bitcoin, you have to accept it as a long-term investment and hold it until it exceeds your target, then you will get a good quality profit.

But when bitcoin corrects or is dumped and we don't have the money to buy, is this the best time to buy? In my opinion, the best time to buy bitcoin is when you are willing to take the risk, you have the money then that is the best time for you to buy bitcoin.

In addition, we need to have at least basic knowledge about it before investing because we will not be able to hold bitcoin for long, you will not be able to hold it until it is profitable without knowledge. Holding bitcoins until you make profits or achieve your goals is not easy and to do so requires knowledge, no one can hold it without knowledge.

Quote from: Z_MBFM on May 15, 2024, 12:24:32 PM

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-How can one start planning?

I don't have any additional plans to invest in Bitcoin and I don't think I need to. I prefer to continue investing only by following the DCA method

Likewise, to have faith in bitcoin, we need to have knowledge about it. Without knowledge, how can you confidently buy bitcoin (DCA) daily and monthly?

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Quote from: Queentoshi on May 10, 2024, 12:17:39 PM

This has been discussed many times before but because you are new, there is no way you would have known.

Quote from: Skfox on May 10, 2024, 12:05:55 PM

-When is it the right time to invest in bitcon?

The best time was yesterday.
I agree with everything you’ve said aside this my friend, I guess you’re trying to state the fact that Bitcoin can never go back to a Dollar which would have been the perfect time to start investing in Bitcoin.
Although personally through the help of this forum, I’ve come to understand that whenever you begin investing is the best time the aim is to begin and adopt productive strategies that’ll build your portfolio at a decent rate.

Due to circumstances of life most people run to Bitcoin as a get rich quick effort to support their finances which makes them make so many emotional decisions hoping Bitcoin will save them.

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Quote from: Skfox on May 10, 2024, 12:05:55 PM

-When is it the right time to invest in bitcon?

You can invest in Bitcoin at any time. I think now is the high time to invest in BTC as the price is within the range of retail investors. The chances are that the price will skyrocket in the coming months. If you haven't invested in BTC yet, go for it.

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-How can one start planning?

Do your research before jumping to any conclusion. You know your financial conditions better than anyone so make a list of your earnings and expenses and then decide the best amount to invest.

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-How do you follow up your bitcoin investment and other businesses?

Buy Bitcoin and hold it for the long term. Just forget about your investment for at least 10 years.

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-What are the assurance that you are ready?

Whenever you have enough knowledge and capital.

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Quote from: Queentoshi on May 10, 2024, 12:17:39 PM

The best time was yesterday.

No the best time to invest is today when you finally know about bitcoin and you have enough money to invest. Some people weren’t just ready yesterday however that should not discourage you still from investing. If you know about bitcoin today, you are capable yet you still did not do anything to invest then that is when you are making a mistake.

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Quote from: Mate2237 on May 15, 2024, 04:48:52 PM

This question was asked by different users and the answer are also the same. Recently bitcoin was struggling in the rate of $60k and $61k and was a good time to invest and now that the price is $65,800 the people that invested in the $60k will make their profits. And this is the short term investment plans and when the short term investment plan fall then you can extend the plan to long term investment. And now the price on the rising side. So it is not too late to invest.

Bitcoin has no specific time to invest and they think there is. And the time to invest is the time you have money. Invest at all time and make your profit whenever the price surpassed your purchase price. It is a calculative move one have to take to make profit. And always prepared your mind to invest i the dip.

Actually I think bitcoin has no specific time to invest, but it depends on your personal decision most people only invest in bitcoin when the value is high why most investors always invest when the market is red. However I think the best strategy to go about this bitcoin investment is to invest in a fixed amount every month for example you invest with $10k every month even when the market shows decline, because most people always use this timing method and this made a lot of people to lose a very big opportunity, though timing the market sometimes is good that's when you want to sell your coins maybe you can keep timing until it hits your target.

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This question was asked by different users and the answer are also the same. Recently bitcoin was struggling in the rate of $60k and $61k and was a good time to invest and now that the price is $65,800 the people that invested in the $60k will make their profits. And this is the short term investment plans and when the short term investment plan fall then you can extend the plan to long term investment. And now the price on the rising side. So it is not too late to invest.

Bitcoin has no specific time to invest and they think there is. And the time to invest is the time you have money. Invest at all time and make your profit whenever the price surpassed your purchase price. It is a calculative move one have to take to make profit. And always prepared your mind to invest i the dip.

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Quote from: Razmirraz on May 15, 2024, 11:23:42 AM

Quote from: Victorik on May 15, 2024, 07:51:12 AM

~Snip

The most appropriate time to invest in Bitcoin is when you already have cold money that is not used for other needs and are mentally, emotionally and patiently prepared when the market experiences a correction. For beginner traders or investors, they need to study guidelines for investing in Bitcoin to avoid mistakes that result in financial risks for assets, but for investors who already know Bitcoin closely, what they need is their own readiness and financial support to carry out their plans. Bitcoin is digital gold, the more you save, the greater your potential for making large profits.

Every day is the best time to invest in bitcoin, but you still have to do analysis to find out when is the best time to buy. Investing at any price can still be done if you want to be a long-term holder, but there is no harm in maximizing your investment strategy with DCA so that your average purchase price is lower.

Investment strategies can vary, but the bottom line is that you can buy at any price every day. The problem that most investors have is a limited budget which makes their steps a little hampered when one day they experience a decline due to price volatility.

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Quote from: Rockstarguy on May 15, 2024, 05:13:20 AM

Quote from: Queentoshi on May 10, 2024, 12:17:39 PM

This has been discussed many times before but because you are new, there is no way you would have known.

Quote from: Skfox on May 10, 2024, 12:05:55 PM

-When is it the right time to invest in bitcon?

The best time was yesterday.

If yesterday was just the best time to invest most beginners would think their is no hope or opportunity for them to invest today. The best time to invest is when you see good reasons to invest and not investing in ignorance just to make quick money. The best time to invest in bitcoin is when one realised that bitcoin is a longterm investment and understands it is also a volatile currency which people must not expect to make profit from it quick.

Yesterday were the days when we were ignorant and skeptical about bitcoin and will missed the opportunity of investing it which their is nothing that can be done about it, but we still have today and the same bitcoin people were unable to invest because of some reasons, now is still a good time to invest in bitcoin so far as one is not investing to make quick money from it .

For me, there is no particular time to best invest in bitcoin. But if you can do it today and continue to do it everyday, you end up having a satisfying earnings with bitcoin in the future. Don’t dwell in the past as a lot of people were not aware about bitcoin, or they knew it but they’re skeptical. But focus on today and in the future accumulating more bitcoin, that’s the only way so you won’t missed golden opportunities with bitcoin, and you’ll stay being profitable most of the time.

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Quote from: Skfox on May 10, 2024, 12:05:55 PM

-When is it the right time to invest in bitcon?

For me, this question couldn't be answered unless the person who is asking would also tell us their plan after investment, if it is just for a short term or long term.
And if it is for long term then you are accumulating by continues investment.
For short term it would depend on the market movement or price chart.

Quote from: Skfox on May 10, 2024, 12:05:55 PM

-How can one start planning?

For me they need to know how much they could put in it, they need to plan how much of their salary or earnings would go to this investment, and that amount shouldn't affect their life or how they currently live.

Quote from: Skfox on May 10, 2024, 12:05:55 PM

-How do you follow up your bitcoin investment and other businesses?

I don't have a business so I only have my crypto investment and regular job, I keep track of my crypto investment through a portfolio on mobile app.

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Quote from: batang_bitcoin on May 14, 2024, 02:30:45 AM

I know right but someone who can't find his mentor needs to do more of research than finding someone to mentor him. Why? That's because the scammers might take advantage of the situation and instead of him buying Bitcoin, he might end up buying them Bitcoin with his money. There are too many scammers nowadays and seeing a situation like this, they won't hesitate to take that moment on because that seems an opportunity for them to take.

This is quite true and trying to figure out who is who would be the toughest thing to do in the crypto world. I believe that we are going to take some time, but we will get there eventually. The best thing to handle at the moment would be making sure that we are going to end up with a mentor who is a friendly person that someone we know already knows.

Meeting some stranger is hard, but if you already know someone (personal life would be good) who shows you a mentor, then you have some proof that your friend already knows him, and made some money with him, and learned things with him, like they spent some time together. This would mean that you are going to go into something that would be less risky, still not zero, but at least less risky than some stranger online.

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Quote from: Skfox on May 10, 2024, 12:05:55 PM

Investing in bitcoin is not something you can just start doing, proper knowledge and planning is needed. Knowing that it is best invested as a short term for beginners like me and long term for experience investors so as to make profit. As an investor, one need to have other means of earnings in other not to stagger when unforeseen occurrences comes like in the bear market(period when bitcoin price falls). Knowing all of these, my questions are:
-When is it the right time to invest in bitcon?

The best time to invest in Bitcoin is every dumping. Investing in Bitcoin does not require a lot of knowledge or research. Investing in Bitcoin requires you to have patience and enough funds to invest that you don't have to use in your day-to-day operations. Because after investing in Bitcoin, you have to accept it as a long-term investment and hold it until it exceeds your target, then you will get a good quality profit.

Quote

-How can one start planning?

I don't have any additional plans to invest in Bitcoin and I don't think I need to. I prefer to continue investing only by following the DCA method

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Quote from: Skfox on May 10, 2024, 12:05:55 PM

-When is it the right time to invest in bitcon?
-How can one start planning?
-How do you follow up your bitcoin investment and other businesses?
-What are the assurance that you are ready?

As a long term investor my only suggestion for you is that don’t wait to buy the Bitcoins, if you have funds, then just buy the coins irrespective of the price. Bitcoins are very valuable coins. They are limited in numbers. Hence if the demand to accumulate the coin increases (which is actually happening), then in order to meet the demand the price will go up. Hence, in a long go, there is more chances that it will give you solid profit. Hence, accumulate as many coins as you can and hold it. Definitely you will make good profits.

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Quote from: Victorik on May 15, 2024, 07:51:12 AM

There's no perfect time to buy Bitcoin. The most important thing is have enough information to guide your investment. If you don't have the right guidance, mistake will definitely be inevitable.
Many jump into buying bitcoin without a clearly defined plan.
It's a good thing you are asking questions.

The most appropriate time to invest in Bitcoin is when you already have cold money that is not used for other needs and are mentally, emotionally and patiently prepared when the market experiences a correction. For beginner traders or investors, they need to study guidelines for investing in Bitcoin to avoid mistakes that result in financial risks for assets, but for investors who already know Bitcoin closely, what they need is their own readiness and financial support to carry out their plans. Bitcoin is digital gold, the more you save, the greater your potential for making large profits.

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Quote from: Skfox on May 10, 2024, 12:05:55 PM

-When is it the right time to invest in bitcon?

For me, every time is the right time to invest in Bitcoin depending on what the investment is meant for. If it is for trading, you can start immediately, but be sure that you are good at it. And if it is for investment, you may wait for the time that Bitcoin has retraced so well, so that you can still strike a better inexpensive asset.

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-How can one start planning?

You can plan by starting learning right away. You need to be ready both physically and mentally, and you need to save towards the plan even as you should have your budget and your management plans.

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-How do you follow up your bitcoin investment and other businesses?

Let me stick to Bitcoin investment here. If you want the best about Bitcoin investment, I advise you to have your tangible amount of money for it since the price of the coin is high already. Also, ensure that you already have your analytical means. You should be a very good speculator to know the time to invest and divest. Do not be a blind holder like many would advice you, you should always follow what your trading chart tells you, it is your best guide.

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-What are the assurance that you are ready?

Your financial capability, determination and mind state should tell you if you are ready.

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Quote from: Kristiyana on May 14, 2024, 03:58:23 PM

I totally agree with you but is good to have the knowledge about bitcoin investment, for you to get profited in bitcoin investment doesn't mean that you need to be expert rather you have to acquire the knowledge about how bitcoin investment works and also to get the necessary information about bitcoin investment, because if you don't have the knowledge about how bitcoin investment works there's no way you're going to get profited in bitcoin investment.

The advice you say is not wrong, but you also have to explain what kind of information every person who wants to become a Bitcoin investor should know when they want to invest in Bitcoin? Because I think people who want to invest in Bitcoin will definitely have found out about Bitcoin and also information about the history of Bitcoin through various sites and also through several other investors who have already invested in Bitcoin. So what every new investor needs is their mentality and courage in making an investment and knowing the right time to do it, because the only way to do it is to buy and store it in a safe place for the long term.

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Quote from: RockBell on May 15, 2024, 08:16:32 AM

Quote from: Plan well on May 13, 2024, 05:50:59 PM

(Every time is a right time) why i said so is that we can actually predict when bitcoins will skyrocket I mean who knows tomorrow

Exactly because if you want the price to decide when you are going to invest in Bitcoin then you will never invest because you will be waiting for when the price will come down so that you can buy it is a good idea but waiting its a long time if not that you are holding, so if you have the money to buy just buy because that might be the only opportunity you have to be able to invest because, bitcoin price is always going up, so the earlier your mind is made up about investment the better. no one knows tomorrow.

Quote from: Plan well on May 13, 2024, 05:50:59 PM

We just have to know more about anything concern BTC investment before you inter market and the best way to do that is to collaborate with the expert in the business

The knowledge we have about bitcoin will give us the direction to follow, and that is why we can not joke with learning when it comes to bitcoin, you must be ready to learn every single thing. because every information is needed. and entering the market with knowledge will be of great help.

We should buy when we are willing to accept risk and apply the DCA strategy instead of buying all at once. Bitcoin is unpredictable, it can increase immediately after we buy it but the opposite can also happen, so using DCA is never a bad strategy. In addition, we need to do some basic analysis and research before buying, we should not assume that bitcoin is unpredictable and we rush to buy right at the ATH zone of bitcoin. If Bitcoin goes up, it will definitely go down, it never increases vertically, so you should not rush and mistakenly buy at a peak like the recent price zone of $73k. Don't buy bitcoin because Fomo without any analysis.

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