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Author Topic: If you want to take Bitcoin, take it or not??  (Read 5971 times)

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If you want to take Bitcoin, take it or not??
« on: October 12, 2024, 10:08:26 AM »
There are many ups and downs in the Crypto market, so don't be too quick to believe whether you should trade or not.  I talk about myself that I want to do business but the question comes in my mind that should I invest or not??  Bitcoin price is currently skyrocketing so is it worth buying??

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If you want to take Bitcoin, take it or not??
« on: October 12, 2024, 10:08:26 AM »

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Re: If you want to take Bitcoin, take it or not??
« Reply #1 on: October 12, 2024, 10:55:24 AM »
There are many ups and downs in the Crypto market, so don't be too quick to believe whether you should trade or not.  I talk about myself that I want to do business but the question comes in my mind that should I invest or not??  Bitcoin price is currently skyrocketing so is it worth buying??
I believe that you would be created an excellent topic and comment in your post. Because we know that bitcoin is the best valuable crypto in cryptocurrency market. So i think it will be best profitable crypto for us in cryptocurrency market. But we also know that crypto market will continue running in up and down. So i believe that if bitcoin price will down, than we can invest or trade in this crypto. Because we know that down market is very prefer for  hold crypto.
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Re: If you want to take Bitcoin, take it or not??
« Reply #1 on: October 12, 2024, 10:55:24 AM »

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Re: If you want to take Bitcoin, take it or not??
« Reply #2 on: October 12, 2024, 11:35:47 AM »
There are many ups and downs in the Crypto market, so don't be too quick to believe whether you should trade or not.  I talk about myself that I want to do business but the question comes in my mind that should I invest or not??  Bitcoin price is currently skyrocketing so is it worth buying??
If you get used to only buying or investing in bitcoin when the price is going up, then rest assured you will forever be limited in the amount of profit you can make from your investment.
Wise investors only buy bitcoin when the price is down, and they use DCA strategy to acquire even more bitcoins as the price continues to drop, and when the price start going up, noobs like you jump in to buy, guess who you will buying from? It's the wise investors who bought when the price was very lower.

Bitcoin have over and over again proven to always rise back after every major fall, and those who are aware of this are taking advantage of it to make good money for themselves.
You too can learn the same, buy when the price is down and going down, waiting to buy when the price is already rising is a mistake even though most times, it's still quite profitable.
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Re: If you want to take Bitcoin, take it or not??
« Reply #3 on: October 12, 2024, 11:50:21 AM »
There are many ups and downs in the Crypto market, so don't be too quick to believe whether you should trade or not.  I talk about myself that I want to do business but the question comes in my mind that should I invest or not??  Bitcoin price is currently skyrocketing so is it worth buying??
Are you considering investing in Bitcoin? Now might be a good time, as the price is currently in a retracement phase. Many expect this month to be bullish, dubbed 'Uptober.' However, I predict the price will remain around $60,000.

For investing in Bitcoin, consider using the Dollar-Cost Averaging (DCA) method, where you invest small amounts gradually. Alternatively, some people do wiat for dips, but I don't advice awaiting too much as we don't know what move the market might be making next. on the other hand, Purchasing at higher prices reduces potential profits that could be made from buying at lower levels

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Re: If you want to take Bitcoin, take it or not??
« Reply #4 on: October 12, 2024, 02:59:13 PM »
There are many ups and downs in the Crypto market, so don't be too quick to believe whether you should trade or not.  I talk about myself that I want to do business but the question comes in my mind that should I invest or not??  Bitcoin price is currently skyrocketing so is it worth buying??

No one can give you financial advise, or you shouldn't be asking one because there is no sure or definite answer here. I can say that Bitcoin is a bad buy because as you have said it has a lot of ups and downs, but are you going to believed me? In investing, you should make your final decision by doing your own research. And I would say that majority here who has been in the market for so long, I doubt that they've ask or being mentored by others. We simply take the risk on investing on it and we are so happy that we did it. So just ask yourself if you are willing to take that big leap. Only thing I can say is that Bitcoin is not a get rich scheme, it will take a lot from you, specially mentally as you are going to hold on it for a long time to make a big profit.
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Re: If you want to take Bitcoin, take it or not??
« Reply #5 on: October 12, 2024, 03:40:51 PM »
~snip~
Bitcoin price is currently skyrocketing so is it worth buying??


The price of BTC has been relatively stable for months with a few slightly bigger drops, so I don't see where your conclusion about "skyrocketing" comes from?

My view is that BTC is always valuable, not only in terms of price, but in terms of being the only decentralized cryptocurrency that has achieved incredible success in 15 years. If you think only about the price, then you will always have a problem, because if today BTC is expensive for you, tomorrow it can be even more expensive, and in 5 or 10 years you can remember this moment and think how cheap it was then (today).
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Re: If you want to take Bitcoin, take it or not??
« Reply #6 on: October 12, 2024, 04:39:01 PM »
There are many ups and downs in the Crypto market, so don't be too quick to believe whether you should trade or not.  I talk about myself that I want to do business but the question comes in my mind that should I invest or not??  Bitcoin price is currently skyrocketing so is it worth buying??
I'm unsure who told you BTC price is skyrocketing. To me, BTC has been consolidating and sideways for the past six months, inducing market-wide FUD. If you believe BTC is surging, perhaps you're a long-term investor comparing current price to early 2023, or you might be misinterpreting the market current state.

Regardless, if you have idle funds and want to invest in crypto, BTC is always a worthy addition to your portfolio. I believe we're in an uptrend, a bullrun is imminent, and BTC could easily hit $150K-$170K in 2025.
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Re: If you want to take Bitcoin, take it or not??
« Reply #6 on: October 12, 2024, 04:39:01 PM »


Offline LogitechMouse

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Re: If you want to take Bitcoin, take it or not??
« Reply #7 on: October 12, 2024, 04:43:55 PM »
---
Bitcoin price is currently skyrocketing so is it worth buying??
Well, compare to it's price a few days ago, it surely is skyrocketing... or not. I guess the correct term is "recovering" because we've seen Bitcoin going up to this price as well before going down to below $60,000 a few days ago.

It isn't skyrocketing, but just recovering. As for your question though, it will depend on how long will you hold it. If you're planning to hold it for short term meaning weeks, I guess you might need to wait a bit to make a correction yet again. Now if you're buying it because you want to sell it during the bull run, buying now is still a good choice because at the end of the day, you will still make profit although it will be lower compared to if you waited for it to go down. You can buy, but don't blame anybody because you can't make a decision by yourself.

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Re: If you want to take Bitcoin, take it or not??
« Reply #8 on: October 12, 2024, 04:52:25 PM »
investment and business are all positive things and can be run both
indeed the price of BTC currently has a fairly high price, but actually you don't need to worry about where we can buy bitcoin by installments so buy btc according to your ability even though the price of btc continues to rise, you will definitely be able to get profit every time you buy btc

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Re: If you want to take Bitcoin, take it or not??
« Reply #9 on: October 12, 2024, 04:54:21 PM »
There are many ups and downs in the Crypto market, so don't be too quick to believe whether you should trade or not.  I talk about myself that I want to do business but the question comes in my mind that should I invest or not??  Bitcoin price is currently skyrocketing so is it worth buying??

You money so your choice.

I will say that bitcoin is already a proven commodity that has grown from thing to $60K at the moment in just over 15 years and if you still need some convincing reason to invest now then I don't know what else will.

Probably bitcoin is the asset that gave returns this much compared to anything in the world since it's existence.
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Re: If you want to take Bitcoin, take it or not??
« Reply #10 on: October 12, 2024, 07:16:09 PM »
  Bitcoin price is currently skyrocketing so is it worth buying??
Bitcoin’s value is on the increase, but it has not yet gotten to its peak value, you can still profit from the increase in value if you invest well giving yourself a good chance. There is more assurance of the value of bitcoin increasing than some other coins, so it is still very worth buying.

Investing well in bitcoin right now means buying a significant amount to account for the long opportunity period of investing that has always been.
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Re: If you want to take Bitcoin, take it or not??
« Reply #11 on: October 12, 2024, 07:43:22 PM »
There are many ups and downs in the Crypto market, so don't be too quick to believe whether you should trade or not.  I talk about myself that I want to do business but the question comes in my mind that should I invest or not??  Bitcoin price is currently skyrocketing so is it worth buying??

I have some questions I will like to ask you, are you new to Bitcoin and are you investing for the first time. If yes, I hope you understand the risk involved in it. If you do, then another question I will like to ask you is about time you want to invest. Are you investing for the long term or you are doing it for the short term, you need to ask yourself this question before you put money in Bitcoin.

There is nothing bad in buying Bitcoin, if you think the price is going up and not coming down, you can do some risk management and practice dollar cost average, that will help you to buy more in the future when the price drop or go higher and it will even favor you more than when you but everything at once.
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Online robelneo

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Re: If you want to take Bitcoin, take it or not??
« Reply #12 on: October 12, 2024, 08:53:40 PM »
There are many ups and downs in the Crypto market, so don't be too quick to believe whether you should trade or not.  I talk about myself that I want to do business but the question comes in my mind that should I invest or not??  Bitcoin price is currently skyrocketing so is it worth buying??

Although its desirable to buy Bitcoin when in dip or in bear season, its still good to buy Bitcoin anytime as long as you can hold that Bitcoin until you realize your profit, I'm more into buying Bitcoin when I have funds and I am comfortable waiting for the price to move up and multiply my earnings, I am not good at trading, so I concentrate on DCA and accumulating, and I love to do it in the bear trend.
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Offline Aanuoluwatofunmi

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Re: If you want to take Bitcoin, take it or not??
« Reply #13 on: October 12, 2024, 09:39:44 PM »
There are many ups and downs in the Crypto market, so don't be too quick to believe whether you should trade or not.  I talk about myself that I want to do business but the question comes in my mind that should I invest or not??  Bitcoin price is currently skyrocketing so is it worth buying??

Bitcoin is worth buying, we should be mindful of this at anytime as long as we know that we are going to give some time for it to mature before the sell, when we invest on bitcoin, then we are expected to go ore further into safety ways to secure our investments in it, because its not in buying alone, but instead, we do some certain things which are not very attractive enough for us to have our expectations in it.

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Re: If you want to take Bitcoin, take it or not??
« Reply #14 on: October 12, 2024, 10:06:45 PM »
In my opinion it is always better to make this form of investment too, buying small fractions of bitcoin monthly, its value in the long term can only increase given that the rewards for mining are halved every 4 years
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