Quote from: alastantiger on November 17, 2024, 09:59:49 PM

I have to disagree I believe there's no wrong time to buy, the people buying mightn't have had, spare cash when the price was low but only got some cash presently. There are those that are only now getting convinced about the potential of Bitcoin so they're buying. Some are investing for the future as they plan to buy and hodl for as long as they can, neither of this people are making a mistake buying Bitcoin presently. The only mistake that they can make is when they sell too early because of the market falling and they get scared.

The president elect Donald Trump also made many people to hear about Bitcoin and this might be their first time getting to know about it since it was mentioned and trending during the campaign period. We shouldn't discourage them from buying saying we're at the top, the market can rise further for this bull season and will increase more in years to come.

If this is not the right time to buy bitcoin, I wonder for those who have never been in the market and are thinking about investing in bitcoin, when is the right time for them?

Many people make the mistake of investing, they only look at price and ignore factors like supply, capitalization and use case...But in my opinion we should do a comprehensive assessment to know the real potential of bitcoin instead of just looking at its price and saying it is too high to invest.

Bitcoin ETFs are still buying billions of dollars every day while retail investors like us are scared, which is baffling. Not to mention that as far as I know, less than 10% of the world's population knows about and invests in bitcoin, all of which shows that investing in bitcoin at this point is even considered early.