Quote from: Rockstarguy on December 13, 2024, 01:22:49 PM

Quote from: I_Anime on December 12, 2024, 05:15:55 PM

Just as time wait for no man that's how Bitcoin prices wait for no man . When comes to investing in Bitcoin is good to make plans though, but don't let that plans leads to procrastination, because many people keep using that idea of planning to procrastinate, there alot of folks that wanted to get into Bitcoin when the price range was still around $50k but they had to procrastinate due to many reasons like planning, or waiting for a certain the dips but now Bitcoin is X2 of that price range (now 100k) so these are stuff procrastinating can lead to when comes to bitcoin investment.

The price of bitcoin can't be predicted and waiting for the dip to buy bitcoin is not the best. Those who always wait for the dip to buy bitcoin normally have certain price of what they think the price of bitcoin will fall to and waiting for the price the market will be going a differently from what they want and they end up not buying. You don't wait for the dip, you only grab it when you have opportunity or come across it. You don't have to wait for the dip to invest in bitcoin because waiting is not necessary, you just have to invest now and hodl and make good profit in the future.

Some people feels when they wait to buy bitcoin in the dip is more profitable but the time wasted would have been a time to buy bitcoin which value would have been achieved in all these times.

In fact, it is not possible to say anything clearly about when the market will go in which direction, but regular analysis of the market gives an idea about this. People who invest usually do not wait for the time when the market will come down a lot and then they invest. Because skilled investors know that they have to invest in every market situation so that they don't miss any investment opportunities. Many such opportunities are missed by those investors who always wait for the market to come down and invest at that time.

I have seen many investors who have been waiting for a long time to invest in Bitcoin but until now they have not been able to invest in Bitcoin because they are not ready to risk money. They always think that the market will fall further from the current price and at that time they will invest. When the market comes down as expected they again doubt the market and again they wait to invest at a lower price thus the investor loses all his opportunities but he can't invest at the right time.

If you want to get something good from investment, you have to invest regularly and continuously in the market, so that no opportunity is missed and if you keep this investment for a long time, you will definitely get a good amount of profit from this investment.

Quote from: DubemIfedigbo001 on December 13, 2024, 05:10:48 PM

I think we're spending too much time comparing Bitcoin to gold, gold has run it's own cause and Bitcoin is currently on its own journey. We investors just need keep doing our part, accumulating Bitcoin and spreading the awareness across to the uninformed persons and hope most big companies and the government of other countries recognize Bitcoin and create favourable grounds for it's propagation.

In due time, gold would certainly have no other option than to bow to Bitcoin which is the king of investment opportunities and hedge against inflation.

Gold is precious metal on the other hand Bitcoin is the most valuable digital currency but we have to avoid comparing Bitcoin with gold. While Bitcoin can be used for investment, I never really consider gold to be a good investment. But if one thinks that he will convert his money through gold and the profit from this will not matter much for him then it is okay to buy gold and keep it in the bank locker.

The price of gold was at a certain level at the same time when bitcoin was worth 20k dollars. But when the price of Bitcoin touched 20k dollars to 100k dollars, the price of gold did not change much from that level to the current level.
Naturally imagine you bought a bitcoin at a time when bitcoin was worth $20k. At the same time, if you bought gold with the same amount of money, then which investment platform is currently giving you more profit, of course Bitcoin and the profit amount is much higher.

As investment is made to make money, I would always suggest that even if there is some risk of money, that investment should be Bitcoin as there is a higher chance of profit from investing in Bitcoin than investing in other platforms.