When to buy - A look into the future of BTC !?

SolomonF5

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Quote from: Darker45 on May 24, 2023, 10:35:46 PM

I'd say buy now and forget about the case of Ripple against the SEC. It will take years before a final decision is reached. But whatever happens to that case, I don't think it has so much effect to Bitcoin. That case has been ongoing for years now, it is not even newsworthy anymore.

i am completely diffrent opinion about that. sure i agree that bitcoin will not profit from the ripple case all too much, but still for the altcoins its possibly the biggest suitcase of all time that will decide over the future of all alts. cause if ripple looses, that would mean indirectly that ALL altcoins are securities. And Thta would be insanly damaging for the hole crypto space. And if ripple wins, altcoins are finally free. its like unleashing them, some journalists from btc-echo even call a win in this case "The accolade" for the crypto space.

First they ignore you
then they laugh about you
then they try to fight you <--- This is where crypto is right now
and then you win !

And the expected victory is not a matter of years anymore. I think its a matter of just some weeks. And when it happens, memes like Shib, Pepe, Doge and XRP itself will be the biggest winners. I would say pepe could even skyrocket a +1000% cause its just living from hypes Cheesy

Darker45

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I'd say buy now and forget about the case of Ripple against the SEC. It will take years before a final decision is reached. But whatever happens to that case, I don't think it has so much effect to Bitcoin. That case has been ongoing for years now, it is not even newsworthy anymore.

But DCA is the way to go. The price is down at the moment but it can still go down much lower, below $25,000. There might be cheaper days ahead.

drwhobox

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Quote from: Dr.Bitcoin_Strange on May 24, 2023, 06:50:10 PM

Considering all that, the right time to buy is when the person is ready to hold their Bitcoin until they make a profit, when they are sure that price volatility cannot trigger them to sell due to fear of not totally losing everything. There are people who can buy now, but if the Bitcoin price just drops to $24k, they will rush and sell off because of fear and a total lack of Bitcoin enlightenment.

There is no specific right time to buy bitcoin. If you have the money now to invest for 2 or 3 years you can do it now. Bitcoin is now giving a chance to people who don't buy to get their money into bitcoin. If people left out now I believe they will still wonder when the right time to buy bitcoin.

Quote

From different sources, I have read that Bitcoin will drop below $25k and will not go above $40k before the year ends.

So it is better to buy bitcoin while it doesn't reach 40k$. I saw many predicted bitcoin can touch 50k$ before the end of this year, but you never know the right prediction.

Dr.Bitcoin_Strange

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Considering all that, the right time to buy is when the person is ready to hold their Bitcoin until they make a profit, when they are sure that price volatility cannot trigger them to sell due to fear of not totally losing everything. There are people who can buy now, but if the Bitcoin price just drops to $24k, they will rush and sell off because of fear and a total lack of Bitcoin enlightenment.

From different sources, I have read that Bitcoin will drop below $25k and will not go above $40k before the year ends. Even the last content I read online assumes that towards the end of the year, there will be a big dip in price that will present the best opportunity to buy, but my advice is that anyone who is investing should also be accumulating gradually using the DCA until they encounter the best favorable opportunity to buy as much as they want without using the DCA any more at that price.

SolomonF5

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Quote from: Lucius on May 24, 2023, 06:26:26 AM

Quote from: SolomonF5 on May 23, 2023, 10:02:24 AM

i live in germany and its 500k € jumped to almost 800k € and what are you calling a building for a private person of 500k if not a house ?

I know that the standard of living in Germany is quite high, and even a house of half a million euros is obviously not something excessive, although for my standard we call such "houses" villas or residences, at least if you go a little to the east of the EU. For an example, look at what you can get on the Adriatic coast for 800k EUR, although the price was even 170k EUR less before.

https://bitcointalksearch.org/topic/m.58250640

Quote from: SolomonF5 on May 23, 2023, 10:02:24 AM

and when it comes to the shitcoins, yes actually thats what i want to do, invest into a shitcoin (XRP) wait for the lawsuit causing the temporal Skyrocket up to at least 100% i would suggest and then sell ^^ anyhow with 3k i cannot loose all to much compared to the 300k i "lost" through the house ^^

Your money, your risk - I personally don't think the results of the lawsuit will have that kind of impact on that altcoin. 100% is not something unattainable for an altcoin anyway, Bitcoin has achieved this since the beginning of the year.

right! exactly thats the reason why i count on XRP. 100% is not all too much for an altcoin and if that heavy weight of a rock lasting on XRPs back since years gets lifted, sure it will skyrocket, thats just the nature of things maybe not +10000% but i think a 100% rocket is realistic maybe close to 200%

yudi09

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Quote from: SolomonF5 on May 23, 2023, 06:12:14 AM

Quote from: yudi09 on May 23, 2023, 02:21:51 AM

-snip-

Ooo... If your strategy is suitable, continue. We only offer according to the circumstances that you convey in the topic and you do not explain that it has anything to do with your current condition, which is planning to build a house for your family.
Where I live, 2 Bitcoin at the current price can get one ready-to-use housing unit which is classified as luxurious.

For us, the DCA method is a method that is very suitable to use if you ask when is the right time to buy Bitcoin.

lovesmayfamilis

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All the time you are waiting, assuming the best price, others are using (DCA). There have been many predictions about the rise or fall of the market and, accordingly, the behavior of Bitcoin, but there is not one exact one. Just be consistent in your actions, determine the time for which you are ready to forget about your invested money, and do not look at the price. Invest steadily and you will definitely get a good result.

Porfirii

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Quote from: sheenshane on May 22, 2023, 07:33:06 PM

It's been always suggested here always the DCA way of purchasing Bitcoin is the smartest way to handle risk and I tend to agree with the comment above. Instead of trying to time the market, you invest a fixed amount at regular intervals over time and this will help to manage the risk in short-term price fluctuations.

If you're going to ask me, anytime is worth it to buy as long as we aren't yet hit the all-time high and hold it for a long period of time until such ATH will come. Or let's say, never sell until your profit wasn't there.

We like to condense universal laws for everything, like when is the best moment to buy or to get your first kiss, but I would suggest that the best moment to buy depends on more important factors than supports and resistances: it depends on your mental, emotional and financial situation. Because it's the same to buy low when you need the money urgently than to buy high with the money you can afford to lose.

If you don't need the money, and you feel that you are fully convinced about the potential of this technology, then and only then will be the right time to buy, no matter at what price.

Lucius

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Quote from: SolomonF5 on May 23, 2023, 10:02:24 AM

i live in germany and its 500k € jumped to almost 800k € and what are you calling a building for a private person of 500k if not a house ?

I know that the standard of living in Germany is quite high, and even a house of half a million euros is obviously not something excessive, although for my standard we call such "houses" villas or residences, at least if you go a little to the east of the EU. For an example, look at what you can get on the Adriatic coast for 800k EUR, although the price was even 170k EUR less before.

https://bitcointalksearch.org/topic/m.58250640

Quote from: SolomonF5 on May 23, 2023, 10:02:24 AM

and when it comes to the shitcoins, yes actually thats what i want to do, invest into a shitcoin (XRP) wait for the lawsuit causing the temporal Skyrocket up to at least 100% i would suggest and then sell ^^ anyhow with 3k i cannot loose all to much compared to the 300k i "lost" through the house ^^

Your money, your risk - I personally don't think the results of the lawsuit will have that kind of impact on that altcoin. 100% is not something unattainable for an altcoin anyway, Bitcoin has achieved this since the beginning of the year.

Halime Anatolia

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Quote from: _act_ on May 23, 2023, 06:26:34 AM

Quote from: SolomonF5 on May 22, 2023, 05:27:16 PM

Now? = Yes but only till XRP Lawsuit Peak is over
After XRP Lawsuit victory while skyrocketing in 2-6 Weeks = NO, dont buy Highs!
At the deepest point of the following depression when everybody thinks crypto dies..again... about oct-dec = YES
January 2024, halving year = NOW ore NEVER!

Again this is no financial advice, just my personal strategy

What does ripple has to do with this? Who cares about SEC lawsuit against ripple when there is nothing it has that can affect bitcoin.

That is true. But when viewed from the two major South Korean cryptocurrency exchanges, namely on the Upbit and Bithumb platforms, XRP is the most traded asset even though there are issues that XRP has failed the Howey test and does not meet the criteria to be considered as a security. So I'm also confused @_act_ seeing the movement of XRP.

SolomonF5

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Quote from: 348Judah on May 23, 2023, 06:54:47 AM

Best time to buy can be discovered in your active speculations althrough using many of the indications to set in for when the price is more favourable for an investment, we mostly encourage buying the dip and holding, which means, you have to target the time when the price comes down and you invest, you can also do this by little by little to cut loss by using the pattern of Dollar Cost Averaging in buying your asset.

Many people do buy bitcoin because they are interested in the coin but don't give it a proper research and monitoring to know the best position to sell hodl or reinvest, you have to make use of the weekly candles, price charts, price history, and live updates on the trend moves of the daily report on bitcoin price by your consistent speculations, your target should be directed towards the bullrun coming soon as well.

well the bullrun is not coming "soon" if things wont come all too bad it will slowly begin nov-dec if things gettin out of controle maybe jan-feb but yeah the halving bullrun will come for sure like it always did. The only big question is, what to expect till then?

michellee

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If someone asks when to buy Bitcoin, you can buy it anytime and at any price. The important thing is that you can accept everything, meaning accept the price at that time and understand that buying Bitcoin means you are ready with all the risks, namely a decline after you buy.

If you're ready, that's good because you already understand. But if you are not ready, I suggest buying Bitcoin when the price drops and buying using the DCA method. Don't buy it with all your money because that will prevent you from buying it when the price drops again.

And now is a good time to buy Bitcoin but buy it with a small amount of money and wait a while. You can buy it again if the price keeps dropping by $100-$500. But the safest thing (maybe it is not safest for everyone but it is safe for me so you need to research furthermore) is maybe you can decide to buy Bitcoin in a week or once a month so you don't depend on the price of Bitcoin at that time. But you follow a timeframe to buy Bitcoins and it will be easier to follow that than asking when you can buy them.

EarnOnVictor

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Quote from: _act_ on May 23, 2023, 06:26:34 AM

Quote from: SolomonF5 on May 22, 2023, 05:27:16 PM

Now? = Yes but only till XRP Lawsuit Peak is over
After XRP Lawsuit victory while skyrocketing in 2-6 Weeks = NO, dont buy Highs!
At the deepest point of the following depression when everybody thinks crypto dies..again... about oct-dec = YES
January 2024, halving year = NOW ore NEVER!

Again this is no financial advice, just my personal strategy

What does ripple has to do with this? Who cares about SEC lawsuit against ripple when there is nothing it has that can affect bitcoin.

My advice is that buying bitcoin now is good. Do not sell if the price is falling, just be happy that you will see double and double of the double of your money after many months.

Quote from: EarnOnVictor on May 22, 2023, 06:45:05 PM

This is why I advise the DCAing approach, and this should be done every 2-3 months for effectiveness.

What of buying every week?

This could be done according to how convenient is to the person as no one would in the end regret investing in Bitcoin. However, my conclusion was based on these reasons:

1. The 2-3 months price could significantly vary, it might be in support of the investor or against them depending if the price is high or low at the investing time. DCAing at that interval might not let them miss the cheaper price totally.

2. Some people are monthly earners and it might not be convenient for them to invest weekly and even monthly at times depending on their financial power and needs. But 2-3 months maximum shouldn't be difficult for them to be able to pump something into Bitcoin.

GreatArkansas

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Quote from: SolomonF5 on May 22, 2023, 05:27:16 PM

January 2024, halving year = NOW ore NEVER!
(....)

Make sense, we are almost the same predictions as what will happen before the block-halving event.
Since the ETA of bitcoin block halving is around April 2024, and what I observed on the past Bitcoin block halvings of Bitcoin, price action are very volatile months before. Most are Bitcoin pumps months before the ETA of Bitcoin block halving.

BIT-BENDER

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Quote from: YUriy1991 on May 23, 2023, 08:28:28 AM

What you mentioned is a good and real assumption when viewed from history. However, my view is just general - there are always investment opportunities in the money market world and there are no time and event limits if you really want to enter the market and start an investment journey, of course not carelessly. because capital and time and mind are at stake here. So when are good times to buy? the answer is the best time to buy really depends on each individual's personal goals, risk tolerance, and the investment strategy that he will use later.

If we that missed Bitcoin in 2009 had the power to go back in time then I believe we would all have gone back to 2009 and definitely invest in Bitcoin we a good amount of money we have, but in reality that's not the case, we can turn back the hands of time neither can we keep regretting missing Bitcoin at that time, the next best time is starting now, although the profits of those who bought Bitcoin back then and still holding up till now would be more regardless of that we would still make good profit in the long run if your reason for joining crypto-currency is mainly for investment purposes.

I don't think there is a better time to invest rather it's best to know
#What you want to buy
#amount of Capital you have
#your time frame for the investment

These are amongst factors you should consider more when trying to invest in crypto-currency especially what you want to buy, If I was asked I would always go for Bitcoin.

SolomonF5

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Quote from: Lucius on May 23, 2023, 09:47:47 AM

Quote from: SolomonF5 on May 23, 2023, 06:12:14 AM

Well it is a strategy that fits for my personal situation. My problem with DCA that i cannot use this strategy right now because i am building a house for my family which should have cost about 500k but then corona came followed by the ukraine and now we are about to pay almost 800k.

Is that 500k US dollars or your national currency? I live in the EU, but a house of half a million USD or EUR is not even called a house in our country, and only those who are at the top of the pyramid can afford it. Anyway, your timing was bad.

Quote from: SolomonF5 on May 23, 2023, 06:12:14 AM

This forced me to sell off anything i had at the possible badest moment (january) while i had invested closely before the ftx desaster ^^ this situations cost me a lot of money and now i only have 3k bugs left to invest but still i cant say if i can loose them ore if i would need them becouse the house could possibly become any more expensive depending on what comes next.
~snip~

Are you building an $800k house, have only $3k in cash, and are you thinking about some investments? Honestly, you can only profit from that $3k if you invest in some shitcoin that will explode overnight and bring you x000% profit, but you can also go to a casino and choose black/red or maybe green if you feel extremely lucky Grin

i live in germany and its 500k € jumped to almost 800k € and what are you calling a building for a private person of 500k if not a house ? xD but yes the timing was as bad as it could be, but thats something you only know when its too late ^^ and how could i expect ftx, corona and ukraine...? and no i dont have only 3k cash left xD thats just the rest of the rest from what i thought could get lost and i would not care^^ but thats just how god works u never know what he figures out next Cheesy

and when it comes to the shitcoins, yes actually thats what i want to do, invest into a shitcoin (XRP) wait for the lawsuit causing the temporal Skyrocket up to at least 100% i would suggest and then sell ^^ anyhow with 3k i cannot loose all to much compared to the 300k i "lost" through the house ^^

@Jawhead999
nothing is better than BTC Cheesy

Jawhead999

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@OP you're just want to make your candle stick looks similar with the other graph by picking a specific time frame e.g. 2020 to 2023, why you're not at least use the 2013-2023 time frame?

If someone look at the 2013-2023 graph, they will see Bitcoin is always recover from the dump season and it might convinced them to invest in Bitcoin. If I cherry pick a graph of USD to BTC on the rise position, can we say USD is better than BTC? Tongue

Lucius

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Quote from: SolomonF5 on May 23, 2023, 06:12:14 AM

Well it is a strategy that fits for my personal situation. My problem with DCA that i cannot use this strategy right now because i am building a house for my family which should have cost about 500k but then corona came followed by the ukraine and now we are about to pay almost 800k.

Is that 500k US dollars or your national currency? I live in the EU, but a house of half a million USD or EUR is not even called a house in our country, and only those who are at the top of the pyramid can afford it. Anyway, your timing was bad.

Quote from: SolomonF5 on May 23, 2023, 06:12:14 AM

This forced me to sell off anything i had at the possible badest moment (january) while i had invested closely before the ftx desaster ^^ this situations cost me a lot of money and now i only have 3k bugs left to invest but still i cant say if i can loose them ore if i would need them becouse the house could possibly become any more expensive depending on what comes next.
~snip~

Are you building an $800k house, have only $3k in cash, and are you thinking about some investments? Honestly, you can only profit from that $3k if you invest in some shitcoin that will explode overnight and bring you x000% profit, but you can also go to a casino and choose black/red or maybe green if you feel extremely lucky Grin

YUriy1991

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What you mentioned is a good and real assumption when viewed from history. However, my view is just general - there are always investment opportunities in the money market world and there are no time and event limits if you really want to enter the market and start an investment journey, of course not carelessly. because capital and time and mind are at stake here. So when are good times to buy? the answer is the best time to buy really depends on each individual's personal goals, risk tolerance, and the investment strategy that he will use later.

348Judah

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Best time to buy can be discovered in your active speculations althrough using many of the indications to set in for when the price is more favourable for an investment, we mostly encourage buying the dip and holding, which means, you have to target the time when the price comes down and you invest, you can also do this by little by little to cut loss by using the pattern of Dollar Cost Averaging in buying your asset.

Many people do buy bitcoin because they are interested in the coin but don't give it a proper research and monitoring to know the best position to sell hodl or reinvest, you have to make use of the weekly candles, price charts, price history, and live updates on the trend moves of the daily report on bitcoin price by your consistent speculations, your target should be directed towards the bullrun coming soon as well.

Topic: When to buy - A look into the future of BTC !? (Read 235 times)