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Topic: When to invest in bitcoin - page 10. (Read 1127 times)

legendary
Activity: 2954
Merit: 1153
August 27, 2023, 06:33:16 PM
#8
Given the current Bitcoin market trend, I believe the best time to invest in Bitcoin is now.  It meets the needed requirement so far to have a maximum profit since the market is currently at its lower lows, unless the price gets dipper in the later days but we can always average down through DCA.

So if anyone has the funds and wants to jump on the Bitcoin bandwagon, do not hesitate, the opportunity has given itself.  Buy now so that you won't regret it later.
legendary
Activity: 3234
Merit: 1214
Vave.com - Crypto Casino
August 27, 2023, 06:31:31 PM
#7
There is no specific time on which bitcoin invest needs to be done. Everytime is good for investment, all that need to be considered is the affordability and the time period one can hold. For now it is good time to invest considering the upcoming halving and the downturn in the market. However the patience is the one that pays off with the profit. Rather than regretting later it is good to make use of the opportunity investing with the smallest amount possible.
sr. member
Activity: 1820
Merit: 436
August 27, 2023, 06:25:48 PM
#6
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

The perfect time for sure is when the market drops or deeps a huge percentage because you can buy Bitcoin at a big discount that just means you're going to have a lot more volume with your money meaning you're going to earn a huge profit when the market price back to the top. But it wasn't always a good strategy because you dont know when the dip is going to hit or is it going to happen at all.

My advice is always to Dollar cost average or you could modify it by investing every week or month so that you can go along with the Bitcoin market price and not get left with the market trend. IF you going to dollar cost average buying Bitcoin for example weekly you can make sure that you always going to make a profit as long as you just selling your Bitcoin when the market price skyrockets or on Bullrun. At the same time not get left out by the movement of the market because you always buying, I mean there are situations when you are just waiting for the dips but then it never happens and the market price already skyrocketed then you lose your opportunity, but if you buy everytime you could easily avoid getting left out.
sr. member
Activity: 812
Merit: 257
PredX - AI-Powered Prediction Market
August 27, 2023, 06:14:54 PM
#5
Bitcoin is indeed the first asset that introduces blockchain technology and is popular with the community to the wider public from the past to the present,

The ups and downs of bitcoin are sometimes followed by altcoins that make bitcoin a role model.

I think HODL is a winner, because if you talk to new people when day trading, the profit will be subject to price fluctuations, deducted fees and crypto exchange taxes (if it is regulated in a country).

Different story with professionals, enough capital trading strategy and money management.

bitcoin is very good for long-term / daily investment according to your beliefs should buy or sell.

Indeed, it can go up very drastically or down as well, even so investors are quite a lot and growing, seen by the density of transactions in its explorer, on social media, also in this forum is timeless,

bitcoin is quite cheap and almost all countries use it as an asset and legal currency.

I use crypto for fees, transactions and partial capital for airdrops in 25% of my portfolio, I am quite comfortable.

If you are waiting for the Buy moment just try DCA whenever you have the readiness and opportunity at the best price.

legendary
Activity: 1554
Merit: 1139
August 27, 2023, 05:37:55 PM
#4
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
Some ideas that has lead many yo never getting to invest in bitcoin is,

The idea of a short term investment where you hope to buy and hold for few days or weeks and perhaps few months let’s say 4-6 months and expect the profits to start pouring in. It often turns out to be some bad idea as, you might get disappointed in the long run. Given that, the level of speculation one can have on bitcoin is one that comes without any guarantee as price might circulate about a region for more time than anticipated and that would promote the wrong idea within an individual. The idea of short term investment is one that pushes people to borrow to invest or redirect money meant for some project for bitcoin investments and you could end up being disappointed.

Long term investments always serves you better and it often breaks the barrier of having a predetermined time to take profit off your investment. Also, using DCA to invest ensures you don’t get to procrastinate on your investment choices as there isn’t a specific time to bitcoin investment. What you consider bear or low today was once a bullish trend in time past. That’s how dynamic the market is.
hero member
Activity: 994
Merit: 1089
August 27, 2023, 05:36:58 PM
#3
Bitcoin is good asset when you know exactly when to invest in bitcoin,
BTC is a good 'asset' even if it wasn't volatile and you couldn't invest in it, it is decentralized p2p money that is permissionless and censorship resistant, that is a good enough utility.
sr. member
Activity: 504
Merit: 279
August 27, 2023, 05:36:01 PM
#2
Although the best time to buy bitcoin has always been during the dip periods or the bearish periods but I would say as long as the price is still around $30k or below it is still at its dip. So whenever you have money at hand that time is the best time to buy bitcoin and not longing for a dip in price.

Also you could utilize the the Dollar Cost Averaging method, it will be perfect for periods like this
full member
Activity: 330
Merit: 110
Catalog Websites
August 27, 2023, 05:22:42 PM
#1
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
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