BTC increase

Hey guys, I remember when BTC price was pretty low, I did not have the guts to buy, how you guys make sure the price is at a nice spot to buy?

80% Haircut from ATH.

Close your eyes. Hold through thick and thin.

Keep fingers crossed that there is at least one more massive pump left in it, before they (the CIA, who created Bitcoin), pull the plug on it in the most spectacular way.

There's a saying "Time IN the market" not "TimING the market"

If you are bullish, start buying and stay in. If you're scared, go to church.

You can't "know" that it is a good point to buy. But in general you want to buy when it's low, or you think it's undervalued.

I don't think you can "make sure". That's the point with Crypto, it can change in a heart beat. I've invested since 2017 and rarely sold anything along the way, even if in retrospect I should have done. Some coins went to nothing. But on balance, just investing regularly, regardless of the price, has been a good approach for me, and no stressing about when to buy, when to sell etc.

The question you asked should be "if I don't buy now and the price multiplies again, will I have made the same mistake"? Of course, impossible to know, so it's just what you decide.

Personally, I've found trading cryptos impossible, I just buy.

Deciding the right time to buy Bitcoin, or any asset for that matter, often boils down to thorough research and understanding market dynamics. It's crucial to 'do your own research' (DYOR) to make informed decisions. One significant factor to consider in the current situation with Bitcoin is its impending Halving event. Occurring every four years, this event has historically had an impact on its price. A halving event reduces the reward for mining new blocks by half, effectively cutting the new supply of Bitcoin and can lead to increased scarcity. Over the last three events, there were periods of volatility followed by a price increase and all-time highs, making the 2024 Event a much-awaited occurrence.

However, it's important to approach trading with caution. The crypto market is known for its volatility, and while halving events can lead to potential market value increases due to scarcity, there are no guarantees in trading. Prices can be influenced by a wide range of factors beyond halving, including regulatory news, market sentiment, and technological developments.

A key piece of advice is to only trade with funds that you can afford to lose. This approach helps manage risk and ensures that your finances aren't jeopardised by market fluctuations. Set clear goals and limits to manage potential losses and secure profits.

To help you decide on your decision, you can access our free eBook, The Ultimate Guide to Trading the 2024 Bitcoin Halving Event: (link). It comes with insights on the crypto market, a historical overview of the previous events, the potential price trajectories of Bitcoin and altcoins in 2024, and more.

It is not a good time to get in I would say. In my opinion, the market is in decision. If BTC can't stand above 68k and hold it for like a week or something. I think there will be a significant downtrend coming up. You can consider finding a position.

Imo, crypto will see sharp sell-offs until rates come down. Crypto doesn't yield, but you can get 4.4% annual yield with T-notes.

Can't cryptocurrency be considered as a short-term investment?

As much as Gold is. Yields nothing, no worth but to facilitate a trade for something else.

What is a t-note?

Treasury Note from the US Treasury. Fully guaranteed yield.

Bitcoin halving is coming. Spot Bitcoin has just been approved in Hong Kong. I think there will be another round of increase.

It will drop again significantly, wait and see.

for me, crypto is more about trading than investing.

I truly hate this statement and I refused to believe it would, but the chart is saying otherwise..

RIP to all those accounts that had short on BTC ^^

I still remember when people were screeming for the 12k mark on BTC, imagine how much the whales made out of them. but recently btc has been floating in this range but hope it does break the 100k mark with in the year.

Really hard to determine its fair value. Basically it's continuing process you should constantly monitor is it gaining adoption or not especially concerning rules of its trading and exchange in different countries.

I'm not sure what's going on