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Topic: When to invest in bitcoin - page 7. (Read 1127 times)

sr. member
Activity: 1400
Merit: 420
August 29, 2023, 09:35:37 AM
#68
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
If you look at Bitcoin history and ATHs you will jump into investing in Bitcoin without any confusion in your mind.  Because 2017 ATH was $20k again it dropped and again ATH averaged 68k which happened in 2021.  So now surely you can predict the next ATH.  The next ATH is likely to be $100k. now the price of bitcoin is between $27k so bitcoin is still in a lot of dip and investing in bitcoin now will make a lot of profit if the new ATH is reached. So now you guess what is the right time to invest in Bitcoin
hero member
Activity: 784
Merit: 672
Top Crypto Casino
August 29, 2023, 09:27:10 AM
#67
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 definitely a good asset without any doubt and it's far more than a asset as well. If you really want to invest in Bitcoin then bear market is the best time to accumulate some of it, and if you ask me when to invest in Bitcoin then I would recommend you to invest in it now if you can.

The price of Bitcoin is already very low and if someone is truly interested in Bitcoin then he/she can invest in it right now without any worries. I know that there can be some more dips in future, but we should also keep in mind that if none of those dips take place and the price continue to rise upwards then in that case you will wait forever to invest in it.

The current price of Bitcoin is already below $28k and any investor who knows Bitcoin well will most probably know that this is the best time to invest in it. If you really want to make some good profits then buy Bitcoin right now or today if you have cash and wait for at least 2 years before selling your Bitcoin.
sr. member
Activity: 728
Merit: 388
Vave.com - Crypto Casino
August 29, 2023, 08:38:01 AM
#66
The best time to invest in Bitcoin is in the bear market, and that's when everywhere is filled up with fear, at that time many people will hesitate to keep dollar cost averaging into Bitcoin, and the index will be at the fear level.

I don't want to believe that we've seen the worst bear market yet, I think we haven't gotten there, I remember how such times always feel like, dried and cruel to many investors, their DCA and their wallet lose value continuously for days and weeks and they get tired of holding.

When the market situation turns around it will be when people don't care anymore about crypto, There is a saying that no pain no gain, you will see pain in crypto and this is also the best place for massive gains.
legendary
Activity: 1022
Merit: 1341
August 29, 2023, 08:30:57 AM
#65
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
Your case now is not the price falling down but money to buy bitcoin when the it falls. You could not buy when the price was down so how sure are you when the price comes down again. This is an another period to buy again so have you make any move to buy it? Or if you don't have any cash with now then go and look for money and prepare for the next move. And also bitcoin is all time buyable. There is no specific time to buy bitcoin.
sr. member
Activity: 1204
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August 29, 2023, 08:17:04 AM
#64
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

If you are willing to buy bitcoin then buy it on the amount which think you are comfortable. But if you are doubting then don't do it and monitor how the market goes from time to time. But if you are a risk taker then invest some as of this moment since who knows maybe you can get much better result than waiting for nothing and miss all the opportunity placed by volatile market.
Yes, it depends on the person to invest in bitcoin and it is better to invest according to the ability because there is a long wait. It is difficult to predict when the price of this currency will increase as the market is not stable. Those who invest in cryptocurrency, it is important to have knowledge about the right time to invest in cryptocurrency or bitcoin. Because knowing the right time of investment if the right investment is made then there will be guaranteed return on investment.
hero member
Activity: 952
Merit: 541
August 29, 2023, 07:48:23 AM
#63
There is basically no right time to invest in Bitcoin. If you think based on the directions from the article you read, the right time to buy Bitcoin is when the price is in a bearish market, then what if the price drops even deeper after you buy a number of Bitcoins. Of course you will think when you make a purchase not at the right time.

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
What if the price goes up immediately.? Speculation is never accurate about Bitcoin price movements, prices can never be guessed by anyone because bitcoin price movements can never be controlled by any party. Waiting is not the right decision, when you feel confident after doing research the price can increase, there is no need to wait for the price to fall further to buy some Bitcoins.
hero member
Activity: 1316
Merit: 561
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August 29, 2023, 07:27:38 AM
#62
There is no perfect time to invest in bitcoins. Whenever you get the money just by the coin,  irrespective of its price. Bitcoins are very rare and limited in number ends. If you greed for more and wait for more low price, then definitely you will miss the right time to buy the coins. Bitcoins have already proved its worth by touching 69,000 USD. So if you are able to buy the bitcoins below 30k USD, then consider yourself lucky and buy the coins. There won’t be any better time to buy these high-valued coins.
As you say, there may never be a "perfect" time to buy Bitcoin. Supply and demand are clearly important. Since there are only so many Bitcoins, you make a solid argument for prospects below $30,000.

Bitcoin's 69,000 USD milestone highlighted its potential and people's faith in it. Waiting for the right price is tempting, but it might waste time. There are no guarantees in life, only opportunities. Its not luck if you can buy Bitcoin for less $30,000. Its smart in a scarcity-based market. Blockchain technology's cryptography is sophisticated, but its concept is simple: scarcity drives value. The perfect example is Bitcoin.
sr. member
Activity: 616
Merit: 306
Rollbit.com
August 29, 2023, 07:25:42 AM
#61
before buying btc, of course, you have to check whether the market is good or not, and of course you also have to pay attention to finances because without money it will be difficult to buy btc, and you also have to have personal money and also have to use idle money, I think what you do, of course you have to dig more and more for knowledge about btc without stopping, and if you already have money you will be able to buy btc immediately and will invest in btc comfortably because your knowledge is extensive.

yes, I agree with your opinion, and indeed before investing in btc it would be better if knowledge is prioritized, and indeed what must be used to invest in btc is idle money, because by using idle money we will not panic when we find the market down.

but with the interest in investing in btc of course it is a good step, I hope the op becomes a successful btc investor.
copper member
Activity: 2268
Merit: 539
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August 29, 2023, 03:03:48 AM
#60
There is no perfect time to invest in bitcoins. Whenever you get the money just by the coin,  irrespective of its price. Bitcoins are very rare and limited in number ends. If you greed for more and wait for more low price, then definitely you will miss the right time to buy the coins. Bitcoins have already proved its worth by touching 69,000 USD. So if you are able to buy the bitcoins below 30k USD, then consider yourself lucky and buy the coins. There won’t be any better time to buy these high-valued coins.
legendary
Activity: 1288
Merit: 1081
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August 29, 2023, 02:58:05 AM
#59
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 best time to invest in Bitcoin is when the prices on discount. But when you say that before you invest in Bitcoin, you need to do a very thorough research. I don't think that it is necessary. We need such amount of research when you want to invest in alternative coins, in Bitcoin when the price is low, everyone must surely know that the price is low and that is when you are supposed to buy. You do not have to kill yourself much when it is about bitcoin, but when it is about altcoins you need to be very careful in your research and every decision you make.
hero member
Activity: 2100
Merit: 546
Leading Crypto Sports Betting & Casino Platform
August 29, 2023, 01:59:34 AM
#58
Most of us lose a lot of opportunities in life for either we don't have the resources required or we don't have enough time, but what's harsh about life is that opportunities don't wait for you, and it's all about your luck and destiny whether you will get an opportunity of that nature or better than it again in your life and if you do, consider yourself very lucky because most people don't get that opportunity and they keep waiting their whole life for that one moment.

When it comes to Bitcoin and the cryptocurrency market, many traders and speculators face the same problem as you, they don't have money when the market is low and they've come to know about it, and by the time they get money, they don't get the same opportunity for buying again.
sr. member
Activity: 1022
Merit: 363
August 29, 2023, 01:05:17 AM
#57
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

If you are willing to buy bitcoin then buy it on the amount which think you are comfortable. But if you are doubting then don't do it and monitor how the market goes from time to time. But if you are a risk taker then invest some as of this moment since who knows maybe you can get much better result than waiting for nothing and miss all the opportunity placed by volatile market.
full member
Activity: 1540
Merit: 219
August 29, 2023, 12:42:20 AM
#56
The answer to this question is simple, whenever you have the money. Initially, try to buy the dip to accumulate more coins, then increase your Bitcoin holding by investing bit by bit. This way you will have some Bitcoins and it will not burden your savings either.
It's not that simple, whenever you have money implies that you're going to ignore your other needs just to invest in bitcoin. I do agree with your second advice though but I'd like to add that you should buy more bitcoin whenever there's a dip compared to when you're slowly accumulating. At the end of the day, it's better for you to be smart about investing by doing DCA and budgeting your daily expenses.
hero member
Activity: 1862
Merit: 601
The Martian Child
August 29, 2023, 12:33:08 AM
#55
If someone is planning to invest in bitcoin for long-term purposes then I guess the perfect time is when you already have the excess funds. Make a regular dollar-cost averaging (DCA) regularly. The problem with waiting for the price to dip is there is no assurance that bitcoin will drop again. What if bitcoin pumps and then the dip later is only half of the pumped price? This is actually happening since bitcoin touched $15k late last year. So it would be better to make a regular purchase without paying much attention to its price since the goal is long-term anyway. The price of bitcoin is still very far from its previous ATH of $67k.

I have been making a monthly DCA on bitcoin since December of last year. I am following the same strategy even if the $25k level is very tempting since I already purchased this month at $26k+. So my next chance to buy again is this coming September and I don't know if the price will be lower or higher than the current price right now. One thing is clear, I will continue my monthly DCA until bitcoin reaches $50k again.
sr. member
Activity: 714
Merit: 347
August 29, 2023, 12:30:37 AM
#54
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

You are correct that investing in bitcoin is not difficult at all because the first thing to consider is the price of the coin. You check the price to make sure it has decreased a little bit, and you also consider the price to determine whether you will profit from selling your coin after holding it for a while. I believe that at this time, you can buy your coin and hold on to it because I know the price of bitcoin is going to increase. Have you ever made an investment in bitcoin before, I have a question for you.Do you know anything about bitcoin? And did you understand the risk associated with bitcoin? I ask you this question so you can think again before you invest.

The reason I ask is because, before investing in bitcoin, you must be able to accept risk; otherwise, you might do so and discover that the price is dropping, which will not make you happy. Additionally, if you are not physically or mentally strong enough to do so, you may not be able to invest in bitcoin because it is an investment for those with a sound mind and financial means to do so. So, in my opinion, you can invest in bitcoin at the moment, but I still suggest that you be capable of doing it before getting involved in bitcoin investing.
hero member
Activity: 1288
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August 28, 2023, 11:42:04 PM
#53
The answer to this question is simple, whenever you have the money. Initially, try to buy the dip to accumulate more coins, then increase your Bitcoin holding by investing bit by bit. This way you will have some Bitcoins and it will not burden your savings either.
hero member
Activity: 2604
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August 28, 2023, 10:22:17 PM
#52
When to buy Bitcoin depends on the low price you want. You can buy Bitcoins instantly based on the market price but you can also buy Bitcoins later, two hours later or even a few days later. But if you wait to buy it now, you may miss out on buying at a low price because Bitcoin prices can go up without notice.

Most people start buying Bitcoin when the price drops below. But some people hesitate to buy it even though the price is already at a low price because they are still waiting for the price to drop even lower. If you don't have much money, you can buy Bitcoins with a small amount of money regularly known as DCA. It will be better for you because you don't have to pay attention to the volatility of Bitcoin prices.

If you can buy Bitcoins regularly, you can collect some Bitcoins. And now is the right time to start buying Bitcoin using DCA.
legendary
Activity: 2506
Merit: 1394
August 28, 2023, 09:53:00 PM
#51
before buying btc, of course, you have to check whether the market is good or not, and of course you also have to pay attention to finances because without money it will be difficult to buy btc, and you also have to have personal money and also have to use idle money, I think what you do, of course you have to dig more and more for knowledge about btc without stopping, and if you already have money you will be able to buy btc immediately and will invest in btc comfortably because your knowledge is extensive.
And I guarantee that this is the most difficult job to do, identify the market whether the market is good or not, or when to buy.
No one knows the next move of Bitcoin, that's why a lot of traders lose money.
That's why there are also some people splitting their buy orders on different price because they don't know how Bitcoin will get cheaper.
copper member
Activity: 2254
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August 28, 2023, 09:50:03 PM
#50
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

If you compare the current price and the most recent ATH of bitcoin then you can see that bitcoin is being heavily discounted. It would be a bad idea to not buy now and wait for the price to drop. I'm not saying prices will never fall again, but there's also no solid evidence that prices will fall more. Many people used to think like you when the price dropped below 20k and they decided to wait for the price to drop further to buy but then missed the bottom of bitcoin. Bitcoin is unpredictable so buy when you have the money and use DCA strategy, don't wait for the price to drop.
member
Activity: 476
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August 28, 2023, 09:16:44 PM
#49
before buying btc, of course, you have to check whether the market is good or not, and of course you also have to pay attention to finances because without money it will be difficult to buy btc, and you also have to have personal money and also have to use idle money, I think what you do, of course you have to dig more and more for knowledge about btc without stopping, and if you already have money you will be able to buy btc immediately and will invest in btc comfortably because your knowledge is extensive.
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