Post
Topic
Board Speculation
Re: Road to 100k?
by
JayJuanGee
on 31/08/2024, 18:30:35 UTC
You don’t sound like someone that knows anything about bitcoin investment. Why will you discourage people not to invest in bitcoin now and say that the price is high. The best time to invest in bitcoin was yesterday and the second best time is today. If you don’t start your investment now, when do you wish to start to accumulate more before the bull run. If you’ve invested in bitcoin when the price is at $58K that you claim to be high, when it’s already in $100K, you’ve made almost x2 of your investment.  It’s just simple, anytime you start is not bad as long as you’re holding for a long term, the value of your money would have appreciated by then. Waiting for the market to fall before investing may be the wrong choice you would ever take, it may not dip further and we may never see this price again when it moves from here. So make hay while the sun shines.
The best time when the price is cheap with the calculation between today and yesterday. If today Bitcoin is traded at a price of $ 59,000, then the best time is when the price of Bitcoin is at the level of $ 57,700.

Correct. And I strongly agreed on this that at any time buying is not a bad action because Bitcoin that is purchased regularly for long -term purposes will be in a profitable position if it is assessed from the aspect of price only. I don't really care about market conditions before the new ATH is achieved is the best time to buy.

If you are a newbie to bitcoin (and perhaps even in your first whole cycle of accumulating bitcoin, which is 4 years), then you should not be giving any shits whether the BTC price is $57,700 or $59k when you are making your various buys or even entering into BTC for the first time.

The more important part is to get started right away and to figure out a plan in which you are able to buy regularly, such as weekly, and even if you are ONLY able to start out by buying $10 per week, do what you can to continue to buy $10 per week, and then to make sure you understand that you are investing within the limits of your disposable income, which means that it is extra money that you have after you have accounted for your expenses.

Some newbies to bitcoin are more organized and aware of their cashflow than others, and so each newbie should be assessing his own cashflow management skills in order to improve to account for bitcoin's volatility, and perhaps to create a situation in which he can invest into bitcoin in relatively aggressive ways without overdoing it. In the end each person is responsible for his own decisions to invest into bitcoin or not, and if he decides to invest into bitcoin how to go about such accumulation of bitcoin, which seems that if investing is the goal, then the timeline should be 4-10 years or longer for each time that he buys and perhaps to figure out a strategy to start out buying with either DCA and/or lump sum and perhaps to add buying on dip into the accumulation strategies, even though DCA does seem to work best for newbies, yet if any newbie is able to frontload his investment into bitcoin, then frontloading creates more options, since a regular DCA strategy can take many years to build up a decently sized bitcoin portfolio.