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Topic: When to invest in bitcoin (Read 1138 times)

sr. member
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September 14, 2023, 06:02:10 AM
Bitcoin is good asset when you know exactly when to invest in bitcoin, before now I have being reading articles of bitcoin and when I read the articles of bitcoin I do notice new things every time I read of bitcoin. I notice that investing in bitcoin it needs more research to know when due is the perfect time to invest in bitcoin. And I find out that the perfect time a newbie can invest  in bitcoin  is when the price  of bitcoin  is in bear market, like some weeks ago bitcoin drop a different in the market price and its very nice opportunity for short term investors to buy and keep and be ready to sell when the market rise. I was willing to buy bitcoin immediately the price drop but the challenge i have them was I'm  not with cash, but I will be waiting until the price fall again, and if it fall again I will not miss the opportunity of buying bitcoin and keep for long term investment
Bitcoin is undoubtedly a good investment asset. But you must know when to buy Bitcoin to invest. A newbie has a lot of desire to invest Bitcoin but he doesn't know exactly when to invest. But I think now is a good time to invest in Bitcoin. Yes, quite some time ago the price of Bitcoin came down slightly from the current price. If people could have invested in Bitcoin back then, they would still have short-term profits. But those who are thinking to make long term investment can invest from this instant market as the market will go up very soon. You may not get this price of Bitcoin later.
hero member
Activity: 504
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September 14, 2023, 04:47:23 AM
The price is now acceptable for buying, but it is difficult to say what will happen next, whether a further fall will follow, or it can be expected that growth will continue soon. Therefore, I would not buy Bitcoin with all the money I have now, I will definitely leave some part in case the price of Bitcoin continues to fall. We can only act based on market movements, but we cannot know for sure where it will go next. Perhaps there are those who are still waiting for the best price to buy, they are waiting for a new bottom and perhaps they can wait for this, but this is move for luck, because this may not happen and after the current correction the growth will continue.

Since you never know when the best time to buy or sell is, I think it is required to determine for yourself how much and for how long you are willing to invest. And what percentage of profit will suit you. This way you will have at least some confidence and not hesitate as you see the market change. Yes, this approach does not guarantee you an entry at the bottom and an exit at the top, but it does ensure that the position will be both opened and closed. And this is already a lot, compared to the fact that most people simply look at the chart in the hope of seeing even lower prices there to buy, or even higher prices to sell, but this does not happen, so there are no actions by such a person is undertaken. And he remains where he was.
sr. member
Activity: 2436
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September 14, 2023, 04:21:03 AM
Not only in bear market but the right time to invest in Bitcoin is when you're finally decided that you are a 100% sure about it.
If you or anyone wants to wait on a 100% assurance to invest in bitcoin, you just might end up not having to invest at all. That’s because, there isn’t any 100% assurance on bitcoin investment or any other investments out there. It completely undermines the risk factor of it and as such, you just might be doing it wrong.

You’ve got to understand the risk, have a good knowledge of what you’re about to invest in as well as how to safeguard your investment and that would be a green.

Those that are waiting on a bear market or a market at the dip to invest in bitcoin would end up procrastinating and never get to invest. It’s better you DCA.

What I meant by 100% sure is about everything that should be consider before investing, not just the money.

And waiting is a must, I don't know why you're so negative about it. Waiting doesn't technically means that you have to wait until it drops hard, but when you're contented about the price to buy or sell it. But yeah, newbies often wait forever that's why they always missed the chance to make profits and they repeat it so many times before they totally learned their lesson.
legendary
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September 10, 2023, 02:39:18 PM
-snip-

Some people don't wait for the dip and buy bitcoin whenever they have extra amount of money other than daily use. The reason behind this act is that if you wait for the dip and occurrence of dip takes longer time then there is a possibility that your saved amount will be easily spend in other useless activities in a case of waiting for the dip.

I think it is the best decision but most of the people don't do this because they don't believe investment due to higher volatility rate. It depends on the economic condition of a person that when he can afford he should buy bitcoin because some people will not be able to afford at higher and some will miss the opportunity by waiting for the lowering worth
Waiting for a dip is fine, but they can also do that with DCA. Dollar Cost Averaging is intended to give you the opportunity so that if at any time the price of the asset you invest in falls lower than the initial purchase price, then you still have a budget to accumulate it. Experienced investors certainly implement this strategy when investing, but lump sums are also not something that is prohibited.

But it is always good to do analysis first before making a decision. There are times when a lump sum is better than DCA, but there are times when DCA tends to be recommended because the market is less profitable. So the point is that consideration and analysis are needed so that investment plans and goals can be achieved.
full member
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September 10, 2023, 02:19:47 PM
If you're probably asking the right time to invest in bitcoin, then now and ever is the best time, I will go by saying this that whenever you're having money to exchange for bitcoin then you can invest, also when the market is bearish you can invest and set a target, when you discover you're a low income earner and wish to use DCA for buying gradually and accumulating it, then lastly, invest in bitcoin whenever you think you've got enough needed to make an investment with, which will help you against making mistakes.
yeah, great idea, i really like the DCA concept, especially when you make money in the real world (have a stable income) with work or business then investing in bitcoin with the DCA concept can make your expenses stable, you will be very free to determine the monthly budget that you have to spend to buy bitcoin.  but not everyone likes the DCA concept, some also like to buy bitcoin when the market is bearish and then sell when they have made a profit (Bitcoin investors have different tricks and styles)
hero member
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September 10, 2023, 11:42:14 AM
That is why when you can invest now, buy it because we don't know if Bitcoin is just going to rally up and you will be left behind. The strategy of others that are accumulating Bitcoin is the same as mine: as long as I have extra money, no matter what the price is, I always purchase it because I am accumulating Bitcoin, not because I could be left behind, but because if I wait a few days, the money intended for it will be used for something else. That is why I always purchase, no matter what.

Some people don't wait for the dip and buy bitcoin whenever they have extra amount of money other than daily use. The reason behind this act is that if you wait for the dip and occurrence of dip takes longer time then there is a possibility that your saved amount will be easily spend in other useless activities in a case of waiting for the dip.

I think it is the best decision but most of the people don't do this because they don't believe investment due to higher volatility rate. It depends on the economic condition of a person that when he can afford he should buy bitcoin because some people will not be able to afford at higher and some will miss the opportunity by waiting for the lowering worth
hero member
Activity: 980
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September 06, 2023, 09:56:43 AM
Some people already missed the opportunity to buy bitcoin when the price was even lower. Most of them do end up listening to news that bitcoin is going to dump more, so they end up waiting and hoping that bitcoin is going to dump more so that they will buy, but no matter how much bitcoin dumps, some people won’t still invest and will still hope it dumps more, but instead of bitcoin dumps more, it changes pattern and starts pumping, and they missed the opportunity. Some of them might not even see bitcoin at that particular price anymore, but due to fear and news that they listen to, they decided not to invest in bitcoin. Everyone who still has plans to invest in bitcoin can still do that now because, as I said, the price of bitcoin is still low.
The price is now acceptable for buying, but it is difficult to say what will happen next, whether a further fall will follow, or it can be expected that growth will continue soon. Therefore, I would not buy Bitcoin with all the money I have now, I will definitely leave some part in case the price of Bitcoin continues to fall. We can only act based on market movements, but we cannot know for sure where it will go next. Perhaps there are those who are still waiting for the best price to buy, they are waiting for a new bottom and perhaps they can wait for this, but this is move for luck, because this may not happen and after the current correction the growth will continue.
sr. member
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Merit: 254
September 06, 2023, 07:33:16 AM
In general bitcoin is not just something you can just buy any time in the Aim of making profit
Or you have heard of bitcoin so many times and you want to see how it works.
But to my knowledge I will advise you to have a bitcoin or use it as means of transaction before you can proceed on research or reading articles on how to trade bitcoins.
The reason is because you have to be aware of the Game in BTC, before picking interest to make profit, Everyone is generally a trader but just few do a calculating trade and getting good signals.
The most important thing is that if you have interest in trading bitcoin, start using it for transaction so you can be able to know some basics things.
Some people are luck, they may be doing transactions for some people or have company money with them, And bitcoin rise, they only give them the value company records and take the profits, but if any loss they will tell company to check that bitcoin has decreased.
People are trading everyday but they don’t even know.
sr. member
Activity: 770
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September 06, 2023, 06:57:12 AM
If you said you would wait till the price falls again, I think you are misunderstanding something. The bitcoin market is unpredictable; it can change at any moment, so if you use the current price to buy now, you can see that even if the price falls more, you will just buy more.
Some people already missed the opportunity to buy bitcoin when the price was even lower. Most of them do end up listening to news that bitcoin is going to dump more, so they end up waiting and hoping that bitcoin is going to dump more so that they will buy, but no matter how much bitcoin dumps, some people won’t still invest and will still hope it dumps more, but instead of bitcoin dumps more, it changes pattern and starts pumping, and they missed the opportunity. Some of them might not even see bitcoin at that particular price anymore, but due to fear and news that they listen to, they decided not to invest in bitcoin. Everyone who still has plans to invest in bitcoin can still do that now because, as I said, the price of bitcoin is still low.
sr. member
Activity: 826
Merit: 460
September 06, 2023, 06:42:26 AM
In investing, no matter what kind of investment it is (crypto, putting up a business, real estate), the rule of thumb is always to invest what you can afford to lose, because you noticed that those people who invest all their money and even take out a loan just to put up the business they want are forced to close it because they are losing money, and after that, they get into trouble paying their loan.

Well that's very clear, because there will always be peace in us if we use money that we can afford to lose or we won't mind if something happens to that money, it's indeed a very good solution, because considering market movements are very volatile and something significant can happen without us realizing it there, and also not infrequently people complain about losing money that turns out to be money for their kitchen needs. Taking a loan to invest? I honestly never suggested it to anyone even my colleagues or family, because obviously it's a bad alternative, as I said above, even experts have difficulty predicting market movements and in the end as you said it is very likely that they will fail and have difficulty paying the accumulated debt.


If you decide to save instead of invest because you don't feel confident, which most of us do, just keep in mind that you are not taking a risk, you are just staying in your comfort zone, meaning you won't be getting what you are dreaming of, like being rich. We need to take risks to achieve those, so it is your choice, are you going to stay in your comfort zone or are you taking risks with the possibility that you will be able to achieve your dreams?

Yes, your statement can be related to the discussion above, in my opinion, instead of borrowing because you are desperate to invest, you should save the money if you don't have the courage to lose or don't have the confidence. That's right, if you choose this option it means you are not taking risks at all, as we know you will be able to achieve what you want if you dare to take risks, and if not it means you will stay in your comfort zone and never move forward.
hero member
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September 06, 2023, 05:04:15 AM
Since nobody can predict what will happen to the price of Bitcoin tomorrow, I also believe that it is okay to invest now. Some people may believe that the price of Bitcoin will eventually decline, but it may never reach someone desired level. As a result, it is best to preserve the existing price and subsequently resume price increases. The best way to reduce risk in a bitcoin investment is through DCA, which involves buying small amounts consistently. I'd like to say that buying bitcoin at a low price is always the best, but the question now is how we can get the chance to do so because that is always the ideal low target.

Everyone will share their views some will be in favor of Bull season whereas other will says against bitcoin but real knowledge is unknown yet because we are all humans and we cannot know about future. We can share only the benefits of bitcoin because convincing others are very difficult task so if someone wants bitcoin and believe on its success then he will not be effected by fake news.

Next year bitcoin will be pump and its holders will be able to take advantage because the lower price for months also occurred before but people with sharp mind did not loss hope as a consequence of which they become a constant participants of bitcoin now.

The bear market can be a good time to invest in crypto or bitcoin but if your goal is to invest in this market for the long term, i recommend investing with a dollar cost average(DCA). Because you never know when you will need money and when you invest in a bear market, there is a high probability that your investment will decline. During this period, you may need money urgently and you may face big losses.

To avoid this, you can buy Bitcoin periodically. This way you won't have to make timely trades in the market. It doesn't matter when you invest in Bitcoin with DCA. Because your capital is spread over predefined intervals, your purchases during the investment period will bring the average price down to a more reasonable level. I recommend investing with DCA.



The reason for DCA is not because maybe you will need money, that's a different problem, the advantage of gradual DCA is because of volatility in the market, no one knows the top and no one knows the bottom, that's why DCA is very good.

It safe you from going all into an investment where as more volatile attacks the asset, if you will need money you shouldn't invest that money into crypto in the first place, crypto investment is very risky that's why you must invest money you won't need any time sooner.

If you are very careful with yourself and your investment you should always have emergency funds somewhere, and you should also have some money aside to run your daily living and responsibilities, I believe this is the right way to invest in any assets.
hero member
Activity: 2366
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September 06, 2023, 04:48:20 AM
The bear market can be a good time to invest in crypto or bitcoin but if your goal is to invest in this market for the long term, i recommend investing with a dollar cost average(DCA). Because you never know when you will need money and when you invest in a bear market, there is a high probability that your investment will decline. During this period, you may need money urgently and you may face big losses.

To avoid this, you can buy Bitcoin periodically. This way you won't have to make timely trades in the market. It doesn't matter when you invest in Bitcoin with DCA. Because your capital is spread over predefined intervals, your purchases during the investment period will bring the average price down to a more reasonable level. I recommend investing with DCA.

To avoid such situations I would say it is highly needed to invest only those amount of money you can afford to forget about for a quite long period of time, and may be even to lose. If you don’t feel confident that you don’t get into a situation in the future, when you will need to take unrealised investments, then it’s better to save some reserve in fiat currencies. Otherwise, there will be little sense in such investments.

In investing, no matter what kind of investment it is (crypto, putting up a business, real estate), the rule of thumb is always to invest what you can afford to lose, because you noticed that those people who invest all their money and even take out a loan just to put up the business they want are forced to close it because they are losing money, and after that, they get into trouble paying their loan.

If you decide to save instead of invest because you don't feel confident, which most of us do, just keep in mind that you are not taking a risk, you are just staying in your comfort zone, meaning you won't be getting what you are dreaming of, like being rich. We need to take risks to achieve those, so it is your choice, are you going to stay in your comfort zone or are you taking risks with the possibility that you will be able to achieve your dreams?
hero member
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September 06, 2023, 04:35:45 AM
The bear market can be a good time to invest in crypto or bitcoin but if your goal is to invest in this market for the long term, i recommend investing with a dollar cost average(DCA). Because you never know when you will need money and when you invest in a bear market, there is a high probability that your investment will decline. During this period, you may need money urgently and you may face big losses.

To avoid this, you can buy Bitcoin periodically. This way you won't have to make timely trades in the market. It doesn't matter when you invest in Bitcoin with DCA. Because your capital is spread over predefined intervals, your purchases during the investment period will bring the average price down to a more reasonable level. I recommend investing with DCA.

To avoid such situations I would say it is highly needed to invest only those amount of money you can afford to forget about for a quite long period of time, and may be even to lose. If you don’t feel confident that you don’t get into a situation in the future, when you will need to take unrealised investments, then it’s better to save some reserve in fiat currencies. Otherwise, there will be little sense in such investments.
newbie
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September 06, 2023, 03:00:04 AM
Timing the market can be challenging, and it's important to be prepared for both bull and bear markets. Buying Bitcoin during a bear market when prices are lower can be a good strategy for long-term investors.
sr. member
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September 06, 2023, 01:37:47 AM
but I will be waiting until the price fall again, and if it fall again I will not miss the opportunity of buying bitcoin and keep for long term investment

Considering the current price of the market, you can still buy up until now if you wish to invest because for as long as the bitcoin price is still less than $30K, it is still an opportunity to buy. If you said you would wait till the price falls again, I think you are misunderstanding something. The bitcoin market is unpredictable; it can change at any moment, so if you use the current price to buy now, you can see that even if the price falls more, you will just buy more.

However, if the funds are already with you and you have planned to use the money for bitcoin investment and you are still waiting for the price to fall more than the current one, you may use the money, so I suggest you buy now, but it depends on your wish. If you think you can keep the money to yourself, then you can wait until then.
sr. member
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September 05, 2023, 10:05:13 PM
That is why when you can invest now, buy it because we don't know if Bitcoin is just going to rally up and you will be left behind. The strategy of others that are accumulating Bitcoin is the same as mine: as long as I have extra money, no matter what the price is, I always purchase it because I am accumulating Bitcoin, not because I could be left behind, but because if I wait a few days, the money intended for it will be used for something else. That is why I always purchase, no matter what.
Not everyone can afford to buy Bitcoin all the time.  Maybe there are people who have a small amount of money to invest. Those people wait for a certain time to buy bitcoins, when the price of bitcoins will drop. But currently the price of Bitcoin is very low. Investing in Bitcoin at this time can expect good profits. The time op has been waiting for, the price of bitcoin has dropped, op can invest now if he wants.
To invest in Bitcoin, which already has a high price, you don't need to buy it in whatever units you want; just do it. I agree to use funds that are not actually used so as not to interfere with interests that are carried out routinely. I think everyone hopes to be able to buy bitcoin when it is corrected, but if you wait too long, then you might not be able to buy it. If indeed there are funds that are not used routinely, then just use them to buy immediately. Even though at that time the price had indeed not corrected, there was fear that the opportunity to buy could be delayed again.Remember that bitcoin movements are difficult to predict and that there are always possibilities, and don't delay buying when the funds are available.
full member
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September 05, 2023, 09:58:16 PM
Not only in bear market but the right time to invest in Bitcoin is when you're finally decided that you are a 100% sure about it.
If you or anyone wants to wait on a 100% assurance to invest in bitcoin, you just might end up not having to invest at all. That’s because, there isn’t any 100% assurance on bitcoin investment or any other investments out there. It completely undermines the risk factor of it and as such, you just might be doing it wrong.

You’ve got to understand the risk, have a good knowledge of what you’re about to invest in as well as how to safeguard your investment and that would be a green.

Those that are waiting on a bear market or a market at the dip to invest in bitcoin would end up procrastinating and never get to invest. It’s better you DCA.

I think what he is saying is that when we have enough confidence in bitcoin and are sure of our decision that is the best time to invest. Because everyone knows bitcoin is very volatile and in investing risk and profit are always proportional to each other, as an investor no one does not know this.

But I agree with you that the people who are still waiting for the price to drop further to buy will definitely never buy, or they will have to buy at a higher price. Waiting for a cheap price to buy is an unwise idea when it comes to bitcoin because it is unpredictable. DCA is the solution.
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September 05, 2023, 09:28:10 PM
Bitcoin is good asset when you know exactly when to invest in bitcoin, before now I have being reading articles of bitcoin and when I read the articles of bitcoin I do notice new things every time I read of bitcoin. I notice that investing in bitcoin it needs more research to know when due is the perfect time to invest in bitcoin. And I find out that the perfect time a newbie can invest  in bitcoin  is when the price  of bitcoin  is in bear market, like some weeks ago bitcoin drop a different in the market price and its very nice opportunity for short term investors to buy and keep and be ready to sell when the market rise. I was willing to buy bitcoin immediately the price drop but the challenge i have them was I'm  not with cash, but I will be waiting until the price fall again, and if it fall again I will not miss the opportunity of buying bitcoin and keep for long term investment
I think you have caught the price on right time .I have noticed crypto market are volatile on recent time though it is happen for some reason ,Having for some positive news it was rising a bit but after a small time spare it has down once again .Short term investor has earned a few but its a good opportunity for long time trader who are always find the deep .I think the price is really on the low and we can invest here for long term ,its not a financial advice ,I just think it myself.However it is always profitiable for holding it for long term .I think you have found the right moment to get entry wait and hold it for long term you will surely get a good profit .
legendary
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September 05, 2023, 07:10:48 PM
But on the other side, I may say that it may be very hard for newbies to time the market, meaning to know when it will be the perfect price for accumulating bitcoin, because I don't think they may have the knowledge to do their own research to know the right time to buy, and one thing again is that many people always find it hard to hold for extra money unless it gets it invested. Now, I see every opportunity as a good opportunity to invest in Bitcoin, but the truth is that you should get ready to hold for long periods of time.
I won’t say only newbies alone know how low bitcoin will go, even professionals don’t know how low or high bitcoin will go, so if any beginner is trying to invest and he or she is scared if bitcoin price is going to dump more, the best thing to do is to divide the money into some parts and they shouldn’t invest all at once, so the more bitcoin keeps on dumping, they can start buying gradually, and if it dumps more, they will still have money to buy more.
 
Currently, if I am investing in bitcoin, I will just buy it all at once and I will save myself unnecessary stress because I know the price is already down. Since I will be holding it for the long term, I won’t care about the little price movement happening currently.

Yes, even financial experts cannot know when is a good time to buy bitcoin, not just newbies. Like the bear season of 2022, when bitcoin dropped from $69k to $40k, many experienced investors also started accumulating bitcoin because they thought it was close to bottoming. But no one would have expected that it was still quite a high price when reduced to 15k USD. The DCA strategy is something we must not forget when talking about good times to buy bitcoin. But to have enough confidence to use DCA, newbies need to have knowledge about bitcoin, they will not be brave enough with DCA if they do not clearly understand bitcoin's movements.
legendary
Activity: 1554
Merit: 1139
September 05, 2023, 06:05:00 PM
Not only in bear market but the right time to invest in Bitcoin is when you're finally decided that you are a 100% sure about it.
If you or anyone wants to wait on a 100% assurance to invest in bitcoin, you just might end up not having to invest at all. That’s because, there isn’t any 100% assurance on bitcoin investment or any other investments out there. It completely undermines the risk factor of it and as such, you just might be doing it wrong.

You’ve got to understand the risk, have a good knowledge of what you’re about to invest in as well as how to safeguard your investment and that would be a green.

Those that are waiting on a bear market or a market at the dip to invest in bitcoin would end up procrastinating and never get to invest. It’s better you DCA.
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