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Author Topic: Best Time to Invest in Bitcoin??  (Read 5327 times)

Offline Hisbullah

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Re: Best Time to Invest in Bitcoin??
« Reply #60 on: September 17, 2024, 07:23:35 PM »

Just like what we're looking at it now. If you have bought in the past days when it's under $60k, you're in profit whether be it small or big.
The essence of doing this strategy is about flexibility and you don't pressure yourself from doing so.
Go wild and out with the money that you have but make sure that you're investing with the funds that you're not going to carry on in the next coming days or weeks or even a year or so.
Yes, I also bought more bitcin at a price below $ 60k, precisely I bought when the price of Bitcoin dropped to $ 49K. If I sell this time, maybe I get a profit but I plan to hold until next year, because almost everyone who decides on long -term holders waiting for the bullish season next year. Likewise I am. I have prepared free funds that are not used for the next year because we have to prepare a reserve fund for our needs.
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Re: Best Time to Invest in Bitcoin??
« Reply #60 on: September 17, 2024, 07:23:35 PM »

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Offline kulkhan

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Re: Best Time to Invest in Bitcoin??
« Reply #61 on: September 17, 2024, 09:34:27 PM »

Just like what we're looking at it now. If you have bought in the past days when it's under $60k, you're in profit whether be it small or big.
The essence of doing this strategy is about flexibility and you don't pressure yourself from doing so.
Go wild and out with the money that you have but make sure that you're investing with the funds that you're not going to carry on in the next coming days or weeks or even a year or so.
Yes, I also bought more bitcin at a price below $ 60k, precisely I bought when the price of Bitcoin dropped to $ 49K. If I sell this time, maybe I get a profit but I plan to hold until next year, because almost everyone who decides on long -term holders waiting for the bullish season next year. Likewise I am. I have prepared free funds that are not used for the next year because we have to prepare a reserve fund for our needs.
I also bought some amount of Bitcoin. I started Buying from 2023. I think near future Bitcoin price will increase more. Now bitcoin price is $60500 i think it well increase in future there has no doubt.
So i think now bitcoin price is some high but reasonable. If anyone buy bitcoin now he will be profitable there has no doubt. I
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Re: Best Time to Invest in Bitcoin??
« Reply #61 on: September 17, 2024, 09:34:27 PM »

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Re: Best Time to Invest in Bitcoin??
« Reply #62 on: September 17, 2024, 09:43:49 PM »
"If you're going to invest in Bitcoin, the short time horizon is four years, the medium time horizon is ten years, and the right time horizon is forever." 
 Otherwise, if luck is good, everyday is the best time.
Short time horizon of 4 years? I agree with it.
Medium time horizon of 10 years? Too long TBH, but it might work for some investors.
Right time horizon of FOREVER? Nahhh don't be stupid enough to hold your Bitcoins until you die.

Bitcoin is an asset (although it can be seen as a currency as well) and assets are made for us to make some profit in it. You will not get anything if you will hold your coins forever LOL. That's not a good practice if you're an investor. I will ask you OP. What will you get if you will hold your Bitcoins forever? It's just completely stupid if you choose to do that thing.

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Re: Best Time to Invest in Bitcoin??
« Reply #63 on: September 17, 2024, 10:01:28 PM »
"If you're going to invest in Bitcoin, the short time horizon is four years, the medium time horizon is ten years, and the right time horizon is forever." 
 Otherwise, if luck is good, everyday is the best time.

Your speculations about how long someone can invest in bitcoin is actually right but many people could chose between those time periods they wish to keep their bitcoin for, even for lower timeframe than the ones you’ve assumed on. Your short term assumption of just four years could be a long term investment for someone and would prefer to invest a year or two to when the bull run will begin. The bitcoin market is such that cannot be predicted, but the opportunity that it provides is many that you can always come into the market and if you’re patient enough, you’ll make a lot of money from it when your investment reaches is peak at bull run.

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Re: Best Time to Invest in Bitcoin??
« Reply #64 on: September 18, 2024, 07:34:45 AM »
"If you're going to invest in Bitcoin, the short time horizon is four years, the medium time horizon is ten years, and the right time horizon is forever." 
 Otherwise, if luck is good, everyday is the best time.
Short time horizon of 4 years? I agree with it.
Medium time horizon of 10 years? Too long TBH, but it might work for some investors.
Right time horizon of FOREVER? Nahhh don't be stupid enough to hold your Bitcoins until you die.

Bitcoin is an asset (although it can be seen as a currency as well) and assets are made for us to make some profit in it. You will not get anything if you will hold your coins forever LOL. That's not a good practice if you're an investor. I will ask you OP. What will you get if you will hold your Bitcoins forever? It's just completely stupid if you choose to do that thing.

Only if you think of it as to give your BTC to your sons and grandsons, hehe ;D
But, I do agree - holding it for a long time brings profit and potential if a person invests gradually every month or so, - and the point of it is to accumulate enough to then slowly get your share from being patient with your investment.
That's my view on it.

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Re: Best Time to Invest in Bitcoin??
« Reply #65 on: September 18, 2024, 01:18:14 PM »
Only if you think of it as to give your BTC to your sons and grandsons, hehe ;D
But, I do agree - holding it for a long time brings profit and potential if a person invests gradually every month or so, - and the point of it is to accumulate enough to then slowly get your share from being patient with your investment.
That's my view on it.
Long term holding is very profitable and should be the go to option for investors but holding forever is not ideal it will only mean that you don’t have any investment plans at all you just investing for no reason. You should have a certain target price that you should consider taking profits at least. DCA strategy is the most effective way to accumulate bitcoin and this can also apply to accumulating other coins as well , investing gradually at certain intervals.
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Re: Best Time to Invest in Bitcoin??
« Reply #66 on: September 18, 2024, 01:32:07 PM »
Only if you think of it as to give your BTC to your sons and grandsons, hehe ;D
But, I do agree - holding it for a long time brings profit and potential if a person invests gradually every month or so, - and the point of it is to accumulate enough to then slowly get your share from being patient with your investment.
That's my view on it.
Long term holding is very profitable and should be the go to option for investors but holding forever is not ideal it will only mean that you don’t have any investment plans at all you just investing for no reason. You should have a certain target price that you should consider taking profits at least. DCA strategy is the most effective way to accumulate bitcoin and this can also apply to accumulating other coins as well , investing gradually at certain intervals.
The investor must be responsible for his own profits and losses. Holding for long term is definitely profitable especially in accumulating bitcoins but the investor should invest according to his financial condition. Although DCA strategy is suggested for long term holders but no one knows the financial condition of the investor better than him. Holding forever may not be a logical investment plan. So I think he can take any decision if he needs to and definitely Investment plans should always be designed with a goal.

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Re: Best Time to Invest in Bitcoin??
« Reply #66 on: September 18, 2024, 01:32:07 PM »


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Re: Best Time to Invest in Bitcoin??
« Reply #67 on: September 18, 2024, 02:21:35 PM »
Only if you think of it as to give your BTC to your sons and grandsons, hehe ;D
But, I do agree - holding it for a long time brings profit and potential if a person invests gradually every month or so, - and the point of it is to accumulate enough to then slowly get your share from being patient with your investment.
That's my view on it.
Long term holding is very profitable and should be the go to option for investors but holding forever is not ideal it will only mean that you don’t have any investment plans at all you just investing for no reason. You should have a certain target price that you should consider taking profits at least. DCA strategy is the most effective way to accumulate bitcoin and this can also apply to accumulating other coins as well , investing gradually at certain intervals.
The investor must be responsible for his own profits and losses. Holding for long term is definitely profitable especially in accumulating bitcoins but the investor should invest according to his financial condition. Although DCA strategy is suggested for long term holders but no one knows the financial condition of the investor better than him. Holding forever may not be a logical investment plan. So I think he can take any decision if he needs to and definitely Investment plans should always be designed with a goal.

I do agree. It's the investor's responsibility after all, and his funds are at stake there.
He should only spend what he is willing to freeze for the time being, otherwise, it would all go to nothing in the long run. Investment is called such for a reason - some time (more than a week or two, or even a month) is needed to see the results from it.

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Re: Best Time to Invest in Bitcoin??
« Reply #68 on: September 18, 2024, 03:13:01 PM »
~
I do agree. It's the investor's responsibility after all, and his funds are at stake there.
He should only spend what he is willing to freeze for the time being, otherwise, it would all go to nothing in the long run. Investment is called such for a reason - some time (more than a week or two, or even a month) is needed to see the results from it.
It should be so, that's why an investor is required to be able to choose and analyze the coins that will be invested well. So that they do not experience losses if possible, and the hope of getting big profits can be achieved.
Bitcoin also has the right time to enter investment or not, that's where investors are required to make the right choice.

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Re: Best Time to Invest in Bitcoin??
« Reply #69 on: September 19, 2024, 01:08:47 PM »
Only if you think of it as to give your BTC to your sons and grandsons, hehe ;D
But, I do agree - holding it for a long time brings profit and potential if a person invests gradually every month or so, - and the point of it is to accumulate enough to then slowly get your share from being patient with your investment.
That's my view on it.
Long term holding is very profitable and should be the go to option for investors but holding forever is not ideal it will only mean that you don’t have any investment plans at all you just investing for no reason. You should have a certain target price that you should consider taking profits at least. DCA strategy is the most effective way to accumulate bitcoin and this can also apply to accumulating other coins as well , investing gradually at certain intervals.
The investor must be responsible for his own profits and losses. Holding for long term is definitely profitable especially in accumulating bitcoins but the investor should invest according to his financial condition. Although DCA strategy is suggested for long term holders but no one knows the financial condition of the investor better than him. Holding forever may not be a logical investment plan. So I think he can take any decision if he needs to and definitely Investment plans should always be designed with a goal.
Yes, I agree with you, an investor's investment plan should be up to a certain goal. Before investing he should pay attention to his own financial situation, and he should be sure whether he can secure the investment continuously till his specified goal. After considering everything he should decide to invest a certain amount of money, which he can invest regularly on a weekly or monthly basis without any hindrance, no matter how small the amount may be, just keep in mind that it is To keep regular and to continue for a long time. He can definitely benefit from this in the long run.
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Re: Best Time to Invest in Bitcoin??
« Reply #70 on: September 19, 2024, 02:53:47 PM »
The price of Bitcoin has fallen a lot but logically there is a possibility of it going up but there is a lot of volatility in the price of Bitcoin.
As you predicted, Bitcoin started to go up again and the whole market is green again. We all know that Bitcoin will recover at some point no matter how much it goes down. So, if someone asks what is the best time to invest in Bitcoin, the answer will always remain the same. Do DCA and never wait for the dip. But if you luckily find a dip market, then of course you should take the chance to buy as much as you can.

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Re: Best Time to Invest in Bitcoin??
« Reply #71 on: September 19, 2024, 03:07:27 PM »
The price of Bitcoin has fallen a lot but logically there is a possibility of it going up but there is a lot of volatility in the price of Bitcoin.
As you predicted, Bitcoin started to go up again and the whole market is green again. We all know that Bitcoin will recover at some point no matter how much it goes down. So, if someone asks what is the best time to invest in Bitcoin, the answer will always remain the same. Do DCA and never wait for the dip. But if you luckily find a dip market, then of course you should take the chance to buy as much as you can.
Waiting for dip isn't always a good idea and I agree with you on this. For me pullbacks are the only dips I know that I can buy that is why DCA is one of the most effective strategy to use if we really wanted to get the steepest dip of crypto prices especially in Bitcoin.

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Re: Best Time to Invest in Bitcoin??
« Reply #72 on: September 19, 2024, 03:19:51 PM »
Waiting for dip isn't always a good idea and I agree with you on this. For me pullbacks are the only dips I know that I can buy that is why DCA is one of the most effective strategy to use if we really wanted to get the steepest dip of crypto prices especially in Bitcoin.

Right. The reason is that if someone waits for a dip and wants to use their money only on dips, they don't know which one is the dip. For example, Bitcoin is at 60K today, and someone is waiting for a dip. The next day, Bitcoin was dumped to 55K, but they did not buy because they thought there could be more dumped soon. The ideal thing is to buy at the 55K price range, and if Bitcoin drops further to 50K, they should buy more. That is how DCA works.

Whoever thought I would buy the dip did not buy anything because they were waiting for a further dip. Bitcoin was around 56 to 58K range for a while and many people were waiting for 50K range. But look at the market today. It jumped to 63K again. So, doing DCA during the dip is important as well.
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Re: Best Time to Invest in Bitcoin??
« Reply #73 on: September 19, 2024, 11:24:34 PM »
As you predicted, Bitcoin started to go up again and the whole market is green again. We all know that Bitcoin will recover at some point no matter how much it goes down. So, if someone asks what is the best time to invest in Bitcoin, the answer will always remain the same. Do DCA and never wait for the dip. But if you luckily find a dip market, then of course you should take the chance to buy as much as you can.
Yep. Bitcoin jumped to $63,800 today and it looks rising again at a higher rate. TBH I expected Bitcoin can reach $65,000 before it dropped again to $60,000. If it can reach $65k again, it will be the sign that Bitcoin will try to achieve $70k again in the near future. Sure, even if it dropped again, it should recover again. But sometimes we must wait for a longer time if Bitcoin is experiencing a too sever dump. Since it is nearing the end of the year, I don't expect it will return below $50k. If it happens, I doubt that we may see Bitcoin above $80k at the end of this year.

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Re: Best Time to Invest in Bitcoin??
« Reply #74 on: September 20, 2024, 01:53:31 PM »
Yep. Bitcoin jumped to $63,800 today and it looks rising again at a higher rate. TBH I expected Bitcoin can reach $65,000 before it dropped again to $60,000. If it can reach $65k again, it will be the sign that Bitcoin will try to achieve $70k again in the near future. Sure, even if it dropped again, it should recover again. But sometimes we must wait for a longer time if Bitcoin is experiencing a too sever dump. Since it is nearing the end of the year, I don't expect it will return below $50k. If it happens, I doubt that we may see Bitcoin above $80k at the end of this year.

I am not expecting much at this moment. I wanted to check why Bitcoin's price suddenly started to rise again, as the market has been in the red for the last couple of days. I figured out that BlackRock released a new 9-page called Bitcoin Whitepaper, which has increased the confidence of investors.  I found that news on Cointelegraph BTC rallies past $62.6K after BlackRock issues Bitcoin white paper

I don't know what is new in the new whitepaper, but I believe that BlackRock explained how investors could utilize Bitcoin. They said BlackRock published a Bitcoin white paper on its appeal to investors as a “unique diversifier” that is detached from traditional fiscal and geopolitical risks. So, I assume this is where the investors got some confident.
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