When is it right to invest in Bitcoin? - page 4.

RockBell

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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.

Victorik

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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.

Questat

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Well, I hope that people understand that there is no perfect time to buy but there is the right time to do it and for me, that is when the price to cheap.
If we just imagine to person buying Bitcoin at $60k versus buying at $55k, it is obvious to see who will earn more if they sell together at the same price. That is why I say that every dip is another buying opportunity and every pump is always a selling opportunity. But if you are a long-term holder, it doesn't matter at least we buy Bitcoin during the bear season, not like this time. Because even though we believe that Bitcoin price will continue to increase but we don't have such assurance, it is better to act cleverly and cautiously.

fat buddah

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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?
-How can one start planning?
-How do you follow up your bitcoin investment and other businesses?
-What are the assurance that you are ready?

1. Always
2. Do your research and base your strategy on what are you trying to accomplish. You can DCA, buy dips, or even trade.
3. I'm DCAing, so I'm just checking my portfolio and watching the news from time to time.
4. When you did your research, understand that you need to invest only what you can afford to lose, and when you understand that it might be emotionally hard to see first dips or crashes and you will need to survive it.

Rockstarguy

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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.

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 .

kryptqnick

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I don't think investing in Bitcoin requires a lot of knowledge, but of course it's important to weigh in the risks and only invest what one can afford to lose. Answering the questions, I'd say a good time to invest in Bitcoin is when the price is 50% or more below the ATH, but it's okay to invest at any point one has an opportunity to do or, or to do DCA. Planning to invest should include choosing a method and platform of purchase, a non-custodial wallet to store BTC, and getting an idea of under which circumstances you will sell. Following up, to me, just means checking the price from time to time and perhaps checking the funds as well. And you're ready when you feel ready, it's a subjective matter.

kro55

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*STOP NOWHERE*

Quote from: Franctoshi on May 14, 2024, 03:30:42 PM

There on perfect or time to Buy Bitcoin, But from Bitcoins historical data Bitcoin has always make a new ATH after every 4 years, precisely after it halving, which means that even though you had buy the top of last Bitcoin ATH and wait few years later , Today you would still be in profit, However, you would have opportunity to get Bitcoin in a discount prices if you apply a strategy called DCA and Buy the dips , this way you will have a good time buying Bitcoin.

But I don't like and disagree with your advice about buying bitcoin right at ATH. If you bought bitcoin at 69k$ in 2021 and yes, you made a profit when bitcoin hit 73k$ 2 months ago. But you've held bitcoin for 4 years and the profit hasn't even reached 10%, do you think it's a smart investment strategy? So don't invest if you have no knowledge about bitcoin. Not to mention investing in bitcoin is much riskier than other assets, and if the returns we receive are not commensurate with the risks we face, it is best not to invest in it.
We need to have the right knowledge, strategy and plan before investing, don't invest blindly and become a liquidity pool for others.

Vinaa77

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Quote from: pinggoki on May 14, 2024, 02:45:16 AM

Let me tell you something about this one, you don't need anything fancy or any kind of intricate plan, what you really need is just the will and attitude of jumping first then ask questions later, just invest your money in bitcoin, the only thing that would matter in that case is how much you've got in terms of money and how consistent you can do it for your own pleasure, the only strategy you need is doing DCA and the patience to go for the long-term, you're already good to go with that one so I'm not sure why do you need to complicate something that could be done in a simple manner?

What you say is right, when we have made a lot of planning and we can't carry it out, of course it would be better for us to start trying it first, even though planning before investing is very important and it would be better if we could continue to try to invest and continue to seek knowledge about Bitcoin, if we can invest consistently of course we will be able to get satisfactory results from what we have invested, using the DCA strategy as you mentioned will certainly feel easier and we must be able to do it consistently so that we can enjoy the results satisfying investment in the future.

Maslate

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Quote from: Ale88 on May 11, 2024, 06:38:19 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?
-How can one start planning?
-How do you follow up your bitcoin investment and other businesses?
-What are the assurance that you are ready?

You don't need to be a bitcoin expert in order to buy and store them properly, you just need to do a little homework and then, if you want, you can keep studying and understanding bitcoin more and more. Many users on this forum, including myself, know the basic stuff about bitcoin but not everybody is interested in knowing every single aspect. If you want to be an expert before buying then you'll probably miss out a lot of opportunities.

Right. Knowing even the basic is fine, as long as you continue to study and learn everyday once you start to invest in bitcoin. The important thing is, you know what you are doing and you have certain goal to achieve, that way you will stick to your goal by investing and hodling, and by not being easily tempted to sell when price crash or correction appears. Invest bitcoin in a calm and patient mind, that way you will achieve your goal and won’t end up investing at a loss.

SATWAT

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Quote from: Franctoshi on May 14, 2024, 03:30:42 PM

There on perfect or time to Buy Bitcoin, But from Bitcoins historical data Bitcoin has always make a new ATH after every 4 years, precisely after it halving, which means that even though you had buy the top of last Bitcoin ATH and wait few years later , Today you would still be in profit, However, you would have opportunity to get Bitcoin in a discount prices if you apply a strategy called DCA and Buy the dips , this way you will have a good time buying Bitcoin.

For me there is no perfect time to buy its just needed you have money into your pocket and having all required things from where you can buy bitcoins its simple with currently we are having all around $61K which is the good price to buy for long run investment and short term as well because now we are having good chance of going positive or staying here for some time.
Recently we are having our ATH which is good sign and most chances we will be having another soon in 2024 with 2025 is going to be good year for the crypto community because many hurdles are settled and sentiments are also positive which are going to help for having good range of price for the long run.

Kristiyana

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Quote from: BALIK on May 14, 2024, 02:45:51 AM

Quote from: Ale88 on May 11, 2024, 06:38:19 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?
-How can one start planning?
-How do you follow up your bitcoin investment and other businesses?
-What are the assurance that you are ready?

You don't need to be a bitcoin expert in order to buy and store them properly, you just need to do a little homework and then, if you want, you can keep studying and understanding bitcoin more and more. Many users on this forum, including myself, know the basic stuff about bitcoin but not everybody is interested in knowing every single aspect. If you want to be an expert before buying then you'll probably miss out a lot of opportunities.

Also, I don't really know what expert means, what is the definition of expert? We have in-depth knowledge but cannot make profits and miss many opportunities, or only need basic knowledge and we can make big profits. So who is the expert in this case?

I agree with you, there is no need to become an expert before investing in bitcoin, or being called an expert means we will definitely profit without loss. When investing or business, the ultimate goal is the profit we can make, no one cares how much knowledge we have as long as we make a profit, we are winners.

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.

Dzwaafu11

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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

You don't really have any experts before you invest in bitcoin; in fact, you did not suppose to find someone when you want to invest in bitcoin to collaborate with because when it comes to money, I don't think you are supposed to trust another person. People change when things like this come, and another reason you shouldn't look for experts is because the person who you think will put you through knows more about bitcoin than you do, so definitely this person knows many ways to scam you when he sees that your investment has started appreciating since he knows everything about your investment from the first time, so the best thing is to do your own research. (DYOR)

Franctoshi

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There on perfect or time to Buy Bitcoin, But from Bitcoins historical data Bitcoin has always make a new ATH after every 4 years, precisely after it halving, which means that even though you had buy the top of last Bitcoin ATH and wait few years later , Today you would still be in profit, However, you would have opportunity to get Bitcoin in a discount prices if you apply a strategy called DCA and Buy the dips , this way you will have a good time buying Bitcoin.

LogitechMouse

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

~
Knowing all of these, my questions are:
-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?

- There's no such thing as "right" time to invest into Bitcoin because what you even think is the right time might not even be the right time because there might be a better time than you think. It's best to just buy if there's an opportunity. Maybe that's the right time. If there's a correction, that might be a good time to buy.
- Start planning? I mean just plan. If you are equipped with knowledge already, you will learn how to plan, and how long will that plan be. Just be knowledgeable and you will be able to start planning.
- I have no businesses, but I follow up by checking on the market daily to keep myself updated. I don't know what you mean with this one TBH.
- Assurance? In crypto space, there's no such thing as assurance. The fact that the Bitcoin is unpredictable is already a proof that your assurance to make money off of it is almost non-existent. You can make profit, but you can also lose money depending on your decisions. There's no assurance that you will make money and lose money as well. Just have knowledge, and that will increase your chances of making money in crypto.

BALIK

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Quote from: Ale88 on May 11, 2024, 06:38:19 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?
-How can one start planning?
-How do you follow up your bitcoin investment and other businesses?
-What are the assurance that you are ready?

You don't need to be a bitcoin expert in order to buy and store them properly, you just need to do a little homework and then, if you want, you can keep studying and understanding bitcoin more and more. Many users on this forum, including myself, know the basic stuff about bitcoin but not everybody is interested in knowing every single aspect. If you want to be an expert before buying then you'll probably miss out a lot of opportunities.

Also, I don't really know what expert means, what is the definition of expert? We have in-depth knowledge but cannot make profits and miss many opportunities, or only need basic knowledge and we can make big profits. So who is the expert in this case?

I agree with you, there is no need to become an expert before investing in bitcoin, or being called an expert means we will definitely profit without loss. When investing or business, the ultimate goal is the profit we can make, no one cares how much knowledge we have as long as we make a profit, we are winners.

pinggoki

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Let me tell you something about this one, you don't need anything fancy or any kind of intricate plan, what you really need is just the will and attitude of jumping first then ask questions later, just invest your money in bitcoin, the only thing that would matter in that case is how much you've got in terms of money and how consistent you can do it for your own pleasure, the only strategy you need is doing DCA and the patience to go for the long-term, you're already good to go with that one so I'm not sure why do you need to complicate something that could be done in a simple manner?

batang_bitcoin

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Quote from: MainIbem on May 13, 2024, 06:39:45 PM

Quote from: batang_bitcoin on May 13, 2024, 06:04:07 PM

There is no need for an expert to collab with you. You can do it on your own if you want to buy Bitcoin. You read steps on how to purchase your first ever BTC and then you're good. What's wrong with most people think that are not yet in Bitcoin that it's so hard to buy Bitcoin where in fact that it is not when you know how to read and follow simple instructions.

Well, most people feel they'll need instructions from experts before going into the market, Although it's not a bad idea but I think without collaborating with an expert one could study and Bitcoin understand it's concept better then it would be easier for them to go into the market, purchase and invest in it. I feel It would be better for one to learn it, understand it and purchase it themselves cause some said experts could take advantage of your ignorance and cheat you based on the fact you know nothing about Bitcoin. I think people should invest in Bitcoin when they're financially buoyant of purchasing it without affecting their day to day life or going totally broke. For me the best time to invest in Bitcoin is during the bear season for a long term investor so as to profit during bull season.

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.

bitterguy28

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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?
-How can one start planning?
-How do you follow up your bitcoin investment and other businesses?
-What are the assurance that you are ready?

- the right time is when you are ready and willing to risk your money .

- before investing you must plan first lol , never invest when you are not knowledgeable about the investments.

- what do you mean by Followup ? bitcoin is inside your wallet , nothing that you need to follow up because you can check that all time.

- like what my first comment says, when your funds is ready and you know where to risk

MainIbem

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Quote from: batang_bitcoin on May 13, 2024, 06:04:07 PM

There is no need for an expert to collab with you. You can do it on your own if you want to buy Bitcoin. You read steps on how to purchase your first ever BTC and then you're good. What's wrong with most people think that are not yet in Bitcoin that it's so hard to buy Bitcoin where in fact that it is not when you know how to read and follow simple instructions.

Well, most people feel they'll need instructions from experts before going into the market, Although it's not a bad idea but I think without collaborating with an expert one could study and Bitcoin understand it's concept better then it would be easier for them to go into the market, purchase and invest in it. I feel It would be better for one to learn it, understand it and purchase it themselves cause some said experts could take advantage of your ignorance and cheat you based on the fact you know nothing about Bitcoin. I think people should invest in Bitcoin when they're financially buoyant of purchasing it without affecting their day to day life or going totally broke. For me the best time to invest in Bitcoin is during the bear season for a long term investor so as to profit during bull season.

batang_bitcoin

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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

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

There is no need for an expert to collab with you. You can do it on your own if you want to buy Bitcoin. You read steps on how to purchase your first ever BTC and then you're good. What's wrong with most people think that are not yet in Bitcoin that it's so hard to buy Bitcoin where in fact that it is not when you know how to read and follow simple instructions.

Topic: When is it right to invest in Bitcoin? - page 4. (Read 956 times)