Bitcoin is here to stay, and it’s getting a lot of positive attention. Big names like The Times and even the President are talking about it. Everyone seems to agree it’s not a scam anymore and is actually something valuable.
This all suggests that both Bitcoin and altcoins have lower risk factors than they did before. Plus, altcoin prices are pretty stable right now; they haven’t shot up like they used to in previous years. So, does that mean it’s a good time to buy, or should we wait a bit longer? (No, I’m not saying to throw 100k into BTC!)
What really matters here is the risk/reward ratio.
Is now a good time to invest in crypto?
19 replies 253 views
just_bridgeSenior Member
Posts: 160 · Reputation: 1146
#2Aug 25, 2018, 11:33 PM
And this is where a strategy that doesn't care whether the price of bitcoin is at 100 000 USD or less comes it. You may have read about it but for the sake of the OP, I will repeat it - it is the dollar cost averaging strategy. That is it. You buy steadily, never following the FUD, the price or other market sentiments but based on your goal, weekly, monthly or which ever way you choose to buy it. And it can be automated or manually controlled by you.
any time is the right time to buy bitcoin if you see from the historical chart that BTC always sets a new record of ATH every bullish cycle, you can be buying at the top and you'd still profit if you're patience enough but as mentioned by other people, just do DCA if you're confused. even buying above $100k is fine if you just keep DCA-ing until price increase exponentially from your cost average and you can already realize your profit.
or if you're really care about risk/reward ratio, then just wait until bearish cycle comes in. it's as easy as that.
We here absolutely assure that it is a good thing but we can't classify that everyone is rejoicing and is also with us. There are still some people that tells that bitcoin is a scam because of their bad experience towards it.
They've been a victim of a scam that used Bitcoin.
The comparison of Bitcoin and altcoins for the risk that they bear is vague. Both are composed of different risk level and I think Bitcoin is the one that has less of it.
Many alts have significantly increased in their prices and if that's what you think that it's not a good time to buy, some might think that it's still fine if they DCA.
It's really not about what these people say, the coin BTC has already made a name and built that trust and reputation for itself even before these people could say anything supportive about it. Still same people that criticise it to be scam years back are now the ones embracing it as a financial instrument to rely on.
You can't compare the risk level of bitcoin to altcoins. And it's worthy to know that bitcoin is different from altcoin, don't confuse one for another.
Just as yesterday was, today is still a right time to buy bitcoin, you could either buy in lump-sum or DCA method. You risk it procrastinating and not buying right now despite the price.
There's no right or wrong time when it comes to buying Bitcoin. It will all comes down to the risk/reward.
Everybody assures that it's a good thing? How about those who lost their money investing into it? How about those who got scammed because of Bitcoin? Can you tell to them that Bitcoin's still a good thing despite of what happened to them? Also, as much as I want to say that there's nobody who thinks that Bitcoin's a scam, there are still some out there that believes that it is, and probably most of them are those uneducated investors who just invested in Bitcoin, and lost money for various reasons (scams, hacks, etc.) The risk level of Bitcoin might be lower, but it isn't as safe as other asset classes out there and that's because of its volatility. As for altcoins, those top ones are safer than those who are at the bottom.
You can try to buy today now that Bitcoin's lower than $100,000 since you suggested not to buy at $100,000 or above.
QuantumVectorFull Member
Posts: 84 · Reputation: 290
#7Aug 27, 2018, 08:47 AM
It is Bitcoin that is assured as a good investment to make for the future. For altcoins, you don't have to build your trust in them because their future profits are not always guaranteed.
Bitcoin has a lower risk, while altcoins have a high risk. Hacks can happen on altcoins and it affects their prices. Hardly that Bitcoin gets hacked. Bitcoin is a secured investment that nations make.
The right time to invest in altcoins is when you have made up your mind to have a risk of investment in them, by having a diversified investment
block_2018Senior Member
Posts: 155 · Reputation: 949
#8Aug 29, 2018, 08:40 PM
People say that the current price of $100K is already too high but he won't know in the future bitcoin can be more than $200K, if there are still doubts then don't buy let alone ask about investing too early now.
Altcoins fall more severely when the market is experiencing a correction and this is sometimes difficult to recover but bitcoin can get back to the initial price ($100K) even if there is a slight decline, but rest assured bitcoin will be more than $150K.
The right time is always today. Though I guess if you're looking to invest in it then it depends on what time frame you're looking for. I don't believe you need all these bs about it being celebrated and whatnot anyway if you're only investing a short few months. Heck, you'd want the market to be more volatile. More volatility means more chances for you to profit anyway! If you were holding in the long term then it's not necessarily bad that there's events like these, but not necessarily important as well imo. I mean it doesn't need such proof, it has and always has been for the past decade stayed as what we know it after all.
Never make yourself not to think about having that less risk because when we do speak into this aspect then this isnt something that you do make yourself that being confident about it. I do have the question for you. How you do consider out that the current price are the lowest price for now? Why not buying up $100k price per Bitcoin? We cant really be able to deny that when it comes to recognition and adoption then cryptocurrencies is making some different in comparing into those previous years but on which of course this isnt that we can be that confident on trying out to invest. The golden rule on here is that never invest into the amount on which you cant afford to lose on which this will be always the best rule so that you wont be finding yourself having that panic whenever your investment do goes south. It will really be that up to you on how you would be able to handle things up accordingly.
If you realize that Bitcoin is a good digital currency and is useful for the future, of course buying it doesn't have to wait for the price of $80k, $90k or $100k because every purchase is the right time to do it. If you think Bitcoin can be profitable because the price will go up and continue to go up in a certain period of time, do it by buying when the price is cheap. The interpretation of the word cheap here also varies from one party to another.
There is no time that is not right for investing in bitcoin as long as you have the discretionary income and you are not investing for short-term profits. It is only traders that are always timing the market to know when to invest and when not to invest . Talking about shitcoins, I would never advise any one to invest in shitcoins because the risk of one losing money is very high and also about investing 100k at once to me is not a good idea, we have different methods of accumulating bitcoin and I would always advise newbie to start with the dca strategy which gives one the opportunity of accumulating bitcoin at regular intervals, with this strategy you don't need to put in 100k at once you can split into different parts. You can decide to start with as little as $10.
For someone who hasn't been to crypto or stock market and they just learn about cryptocurrencies, its a bit too late. These people will now just be looking at Gold while it hasn't reach $5000 yet. But they will also find out Gold is not easy to trade. And the Physical gold is not easy to sell.
They'd be left with few options which one could be the memecoins. Or they will just mine PI since its easy to mine it with phones. Just my thoughts,
I think I'll say, there's never a time too late to buy any crypto currency assets. This is the period where a buying strategy has to be put in place. If one is buying using savings made from the real world, to grow or accumulate more crypto currency, a strategy will need to be implemented. IMO, bi-weekly purchase, depending on ones income, will be of good yield after a period of time.
For me, I still prefer to accumulate in fractions more Bitcoin, as the market is still seeing some consolidation and lows.
lynx_degenFull Member
Posts: 61 · Reputation: 253
#15Sep 2, 2018, 10:48 PM
You can buy Bitcoin now and then make some profit after you sell in Q4 or when you feel Bitcoin price was too high.
You can also buy Bitcoin now and keep accumulating until the next super cycle, you will earn a good amount of money.
So, any option is good.
There's nothing wrong for someone who want to invest $100K in Bitcoin, it's only wrong if you force yourself to sell anything in order to invest as much as possible or you take a loan by thinking you will earn more and use the profit to cover the interest.
If you calculation of how and when its safe to buy bitcoin is done through this which you have mentioned above then you might to some extent mislead yourself, where you put so much trust on government officials with or without them Bitcoin have proven to be worth buying and everytime is the best time to buy it.
The risk level I see you are rating it base on government support if you use that strategy you might fall victim to government owned and promoted scam tokens like the one done by two country president recently, which all resulted to pump and dump for the Altcoin.
eh - you are comparing the risk level of Altcoins to that of Bitcoin as in they are the same?
Risk level of Bitcoin has diminished for sure over the last 12 months thats for sure based
on various acceptances and government sound bites but I wouldnt say the same for Altcoins.
They remain to me a sort of "pot luck" in terms of "investment" and I dont believe you can
Invest in them, its pure speculation and hope that you pick the one that goes parabolic
for 24 hours and you get a chance to sell at the high.
I would rather own a fraction of Bitcoin than a quantity in whole of $hitcoins bar LTC & XMR
gigahodlerFull Member
Posts: 35 · Reputation: 306
#18Sep 4, 2018, 08:54 AM
You can buy Bitcoin at any time. You may think that the price of Bitcoin has increased a lot and may not increase. But we are optimistic that it will reach $ 150,000 by the middle of this year or the end of this year. We are not sure but we are optimistic that it will reach. Because the price of Bitcoin is estimated according to the demand. If you look at the past few years, you will not be able to understand.
You can buy Bitcoin at any time by adopting the DCA method. By adopting the DCA method, you can reach your goal very easily.
Overall the holding time should always be long term if you are looking to succeed no matter what happens in the short term. If you are pondering whether to buy on a short term time frame, you will always be waiting for it to go cheaper, or will always be stressed with general volatility. My suggestion is to not worry too much about the price and think more about what you can afford to hold over a long time frame (4 years plus) as this has not failed anyone since bitcoin began. As for altcoins, they're a different game. Unless you are a good researcher and trader who is able to stay on top of changes within a project and read between the lines/filter out the noise, it's a high risk high reward game as you said. I wouldn't call Bitcoin the same game if Bitcoin continues to remain secure in the long run.
vault_2009Full Member
Posts: 198 · Reputation: 739
#20Sep 4, 2018, 11:18 AM
I understand that you are assuming like bitcoin is currently lower than 100k levels hence the risks are reduced and you consider the current prices are right time to enter. All I like to mention here is, you need to study about the fundamentals of bitcoin and its probable upside potential. This way some people believe that bitcoin may touch 1M level this year whereas some people speculate about 150k or 200k level for the same time span. In my opinion, in long run even 10M also possible but for next year or for next 2 years, I am with fingers crossed. So, it may be early or right time to buy bitcoin (not whole cryptocurrencies) with respect to how long that you are planning to hold.
This way, you may miss the upcoming bullish market (if any). This is the reason, DCA may help you better than waiting and then all-in-at-once.