Seems like a lot of new Bitcoin investors are feeling lost right now. They’re asking if it’s a smart move to buy and hold Bitcoin at this moment. The market’s been pretty wild lately, with Bitcoin bouncing between 112k and 116k for weeks now. So yeah, it’s understandable that some folks are unsure about whether to grab more. I mean, is now the time to buy?
I recently bought about $963 worth of Bitcoin a few weeks back at 107,000 × 0.009 dollars. Thankfully, I’m seeing a solid profit from that, which is making me think about adding even more to my stash. Plus, I’ve been coming across insights from experienced traders who are saying Bitcoin might soar to 130k or even 140k by 2025.
What do you guys think? Should I flip more cash into Bitcoin right now? Can’t wait to hear your thoughts.
Current state of the Bitcoin market
19 replies 61 views
hodler_farmMember
Posts: 26 · Reputation: 180
#2Feb 3, 2021, 11:29 AM
You have to be very new to all this if you think that bitcoin going between 112k and 116k range is volatile.
For someone like you (not very experienced), probably the best investment strategy is dollar cost average method, in which you buy certain amount of bitcoin on the regular basis, no matter the price. That way you will avoid the standard mistake of trying to time the market.
Buy at any price and just have fun, don't put the money you are not willing to put on hodl to the work, and remember core principles of BTC and how to hodl properly at all.
Don't see dips as something worth of your action - wait out for your targets to be achieved.
diamond_atlasSenior Member
Posts: 408 · Reputation: 1359
#4Feb 5, 2021, 06:56 AM
Investment in Bitcoin with long term plan of accumulation and holding is best for most of investors. As the market is volatile and unpredictable, it's hard to predict its movements correctly and always make right decisions from your predictions. Therefore, DCA is a good strategy for most of investors and this strategy can use for both accumulation and exit (take profit).
For Accumulation: Websites for Dollar Cost Averaging DCA.
For Withdrawal: https://bitcoindata.science/withdrawal-strategy
It is entirely your decision whether you want to buy today or not, but what is certain is that whenever you want to buy is the right time, there is no need to think about volatility because it will decrease if you have a long-term approach to Bitcoin investment, so don't focus too much on Bitcoin volatility because it is only a short-term fluctuation that is temporary and often confusing for new investors.
^ Agreed.
We don't trade BTC like some kind of memecoin / alt short-term or mid-term..We think wider with it, knowing fully well it will bring results
Bitcoin is expected to still rise in price especially later these months before the year ends and this price of bitcoin may be the lowest we will see it for the rest of the year. Or at least that is the ideal situation and of course we have got to take advantage of that possibility so if you are asking me whether people should buy or not... my answer is a yes.
Since you already have some bitcoin, this will be a good time to accumulate more bitcoin.
silentchainHero Member
Posts: 473 · Reputation: 2317
#8Feb 7, 2021, 07:12 PM
Definitely such enthusiasts who are skeptic about when to buy their bitcoin exists and the impression has been a misleading causing them to miss opportunities of buying in the early times. Those are actually reacting according to lack of their knowledge because at any given time as long you have the money to buy is always the best time. Timing when to buy should be an accumulating strategy probably buying on the dip or based on the availability of when you can afford to buy more.
When you earlier mande mentioned "newbies", did you also involve yourself? Because I suggest this question should come from newbies.
It is obvious that you are only doing future trading since you are looking out to buy based on what you expect the price to sit in the short term. However, you can still buy but know it is risky to believe you can actually make profits in the short time.
Okay, I think it might be the right decision for them to use the DCA method at this time. Because using the DCA method will make their holdings longer-term and their holding balance will gradually increase. I am thinking of depositing some more Bitcoins using the DCA method at this time, and I will try to deposit some more Bitcoins using the DCA method to make my holdings longer-term. I think the secret to success lies in holding Bitcoins, so I will make my investments longer-term.
It all depends, if you're planning on a short time hold for bitcoin buy, obviously this may not be the perfect timing, but if you're targeting on using a specific approach to buy and hold for long, you can try to use DCA in buying whenever the market has been found on a bear trend, then you buy the dip and hold, then continue with the process for long in buying, while you wait till the season for bull arrives.
I don't see a reason for confusion on this regard, Bitcoin is going to be a volatile currency for live, the recent surge we had were reported to be from the fed cut rate which had a significant impact on the the market, in general, the best time of buying bitcoin should be at the dip, after the fall of the market in bear season.
Consider the answer to this from the two quoted I made as reply for you on other aspects.
Totally depends on how long your target to hold your Bitcoin. If you're willing to hold it for long term, just DCA, then leave it alone. If you're seeking hourly or daily profit, then put limit order at the demand zone and sell when it bounces.
If you say they're hesitant because they're afraid that the market might get bearish, I would understand. However, if it's because of volatility, then it does not make sense because volatility is the intrinsic characteristic of Bitcoin. You just cannot take that away from Bitcoin, and that's one of the basic things anyone should know before buying Bitcoin.
Some persons would say wait when the market is bearish, and I would say that too if your target is to hold short term. However, there's no perfect time for buying Bitcoin. It all depends on what you want and how long you intend to hold. $69K was once an time ATH, but right now it's gone and $123.4k that we are celebrating and calling ATH will be bottom tomorrow.
hodler_gweiFull Member
Posts: 82 · Reputation: 479
#13Feb 9, 2021, 11:01 PM
If they're new to Bitcoin, it's a good idea to learn about its fundamentals, nature, history, and movements from the start. If they truly understand it, they won't be confused or worried about the price of Bitcoin when they have the money and want to buy it.
Bitcoin is a very promising long-term investment because its price will continue to rise over time, and this is what they need to know. So, if you or they have the money to buy Bitcoin now, I recommend doing so and holding it for the long term. You can also accumulate by using the DCA method throughout your investment journey, buying periodically when you have money weekly, monthly, or when you have income to add to your Bitcoin holdings. Your Bitcoin holdings will grow significantly over the long term and generate substantial profits in the future.
humblefarmSenior Member
Posts: 378 · Reputation: 1571
#14Feb 11, 2021, 11:56 PM
It would have been better to say that newbie investors are confused about Bitcoin accumulation due to this slight volatility. Anybody who has been involved in Bitcoin investment would have been aware that the market usually experiences fluctuations. They would have known that accumulating Bitcoin during bear season is better. A long-term investment approach using DCA would be better than buying during the bull run and expecting instant profit.
Plan to accumulate Bitcoin during the bear season when the price has dropped. Keep accumulating until the next bull season, and you will make more money.
Firstly, what's their plan, and do they really understand what is Bitcoin? not just about buying Bitcoin, but get to know the reason why Bitcoin.
Are you just buying for short-term gains or hodling? Or do you want Bitcoin as an alternative method of payment to cash, and hedging against inflation. Once you identify a reason to buy do not hesitate to begin your investment journey into Bitcoin. Bitcoin doesn't have a particular price to target to buy that is the best or where you can target to buy at the lowest point, but you can take advantage of any dip you see in the market and also by using the dollar cost averaging method, this way you can get a good price out of the market.
My suggestion is to accumulate your Bitcoin purchases regularly in the long term. It seems you are thinking about short-term profits, which I don't think will be very significant.
I don't know how you'll respond when the market price drops and surprises you. The value of your investment will decline, and will you panic? Don't follow what others say when deciding to buy Bitcoin. Enrich your knowledge first, and you will know the steps you need to take according to your plan.
Why not?
You said that the context is an investor, which means buying with the intention of holding for the long term, so there is no problem with that. We know that over time, Bitcoin adoption will become more widespread, on a larger scale than it is today. This is very likely to happen, so there is a high possibility that Bitcoin will reach a price much higher than its current ATH.
Based on what i see, i assume you are a trader, because instead of discussing the potential price of Bitcoin in 2030 or the next cycle, your focus is on 2025, which will end in three months. I do not advise you to buy or sell, because your focus is short-term, and opportunities are always there.
I believe that in the coming months, we will enter the end of the bull market, which means the bear market will soon arrive, and prices will undergo a healthy correction. This is a normal occurrence in every cycle. Hopefully, prices will not drop significantly like they did in the previous bear market, reaching the $16k level.
You have no evidence to prove that investors are not buying Bitcoin since it has been goin pretty up and down from $112k to $116k. Investors are buying Bitcoin and HODLing, if the market is staggering doesn't mean people are not buying but itean that people are selling. And we can't be specific on who is selling. And of course they should buy Bitcoin now and don't relent because we still have a long way to go.
First of all I will congratulate you for having the courage to buy Bitcoin asuvh as this even though you don't have much idea about Bitcoin. I will encourage you to buy Bitcoin and stack in your wallet, Bitcoin will keep on surging higher and higher. Don't forget that bitchas been up since 2010 till 2025 despite the downtimes. From less than $1 to $124k is a huge change in Price, and we are expecting more greater height. Just keep on investing I promise you will not regret. But don't forget to keep your seed phrase in a safe place because if you lose them, you have lost your fund.
Its a perfectly fine time to be involved with Bitcoin unless you have to sell next week or next month or similar short term holdings. If want to buy and hold its a fine time but trading and wanting instant profits is the usual complaint that is hard to debate with.
We can see BTC went down today despite being so close to 120k it should have been magnetically drawn closer yet we cannot really know how the progress will go by each day only state some level of probability or confidence.
The general outlook for this year even next year should be quite fine imo and BTC isnt out of lockstep with many other assets so it wont be too surprising to see good gains improve some more but I would never presume any easy road ahead is cleared ready.
You are already in profit and that's why you're adding more. The higher the purchase price you're having, the little profit that you'll get. But if you have a more wider and longer view on how long you should hold, that profit might increase more. We want more people to hold more bitcoin. And if you are capable of buying now, you have to do it. It's likely that we're nearing to the peak of it once this year ends, no one knows how high it will be so if you're going to buy right now, make it sure that it's a money and amount you afford to lose and hold longer if the market didn't go along with your expectations.
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