Quote from: JayJuanGee on August 01, 2023, 12:04:06 AM

Quote from: Fivestar4everMVP on July 31, 2023, 11:10:00 PM

Quote from: Sayeds56 on July 31, 2023, 04:23:15 PM

Quote from: Patrol69 on July 31, 2023, 07:07:35 AM

Opportunities don't always come and you don't always have to wait for opportunities, you have to create them yourself. Those who risked investing in Bitcoin after the price of Bitcoin reached $16K are successful today, but those who were waiting for the market to fall further are still waiting for an opportunity. So those who want to invest, make a little courage in your mind and definitely invest with risk. I hope you will not be cheated by investing.

Your point regarding timing to invest in Bitcoin is indeed valid, as opportunities may not always align with our expectations. Nevertheless, there are ways to explore buying opportunities by using technical Indicators and charts, such as, RSI, MACD and Moving averages Indicators. Understanding and learning to use them doesn't demand much efforts and time, and there are numerous tutorial videos available on social media platforms in various languages. By utilizing these, investors can enhance their ability to identify favorable moments to take entry in Bitcoin market.

Well, this is only valid for well experienced investors who have spent some time in the industry, for news who wanna make some quick move by investing, waiting to learn about this stuff can play out in two ways for them,
1, it can play out in their favor that by the time they are through learning and ready make their first investment, the price of bitcoin must have dropped from the price it used to be.
2, it can also play out against them that by the time they are through learning and ready to make their first investment, the price of bitcoin must have risen higher than what it used to be..

So the best thing i think is to invest when ever you are comfortable with the price, most especially if you are investing for the long term, entry price shouldn't be much of a problem as long as you are not buying in a bull season.

Well if someone is just learning about bitcoin, and they cannot control whether it is a bull season or not.

They may well need to get a stake right away.. and then maybe figure out details later.

Right now we might be in a bull season, even if we have a bit of a plateau for the past nearly 5 months.

But yeah, they might be in a worse situation if they come to bitcoin at $80k, and then they have to consider whether the BTC price is going to dip or not. .and if so when? There is no guarantee that BTC prices will dip back past $80k once they go above that.. so people coming to bitcoin at that time ($80k and other various points) do have some potential dilemmas regarding whether to wait or to get started right away.. and if they get started right away, then by how much?

It seems that in bitcoin, we are frequently advantaged by being in bitcoin for a long time, but sometimes the first several years can be painful, even though the best choice, even in a bull market might be to get started sooner rather than later... and it is just a matter of how much to start with and how much, if any, to hold in reserves.

I think every investor need this mindset as that is the only way not to miss out on the ride. No one can truly know how market will play out; best is to buy at a discount and hold to find out the outcome.

Quote from: JayJuanGee on August 01, 2023, 12:04:06 AM

But yeah, they might be in a worse situation if they come to bitcoin at $80k, and then they have to consider whether the BTC price is going to dip or not. .and if so when? There is no guarantee that BTC prices will dip back past $80k once they go above that.. so people coming to bitcoin at that time ($80k and other various points) do have some potential dilemmas regarding whether to wait or to get started right away.. and if they get started right away, then by how much?

Anyone who gets in when BTC get to $80k may not actually be making the best decision. BTC ATH is about $69k and from history, next bull run will surpass this with target at $100k. As usual, we will see some corrections when we hit this new ATH. Since BTC has the ability to correct even beyond 20%, it might go below $80k again when that happens and anyone waiting to enter at that price will be at a temporary loss and might panic and sell.

I think the best is to buy anywhere below the current ATH of $69k...even now.