Topic: Bitcoin, when to buy (Read 1144 times)

No need for you to become financially stable before you buy. As long as you're capable of buying and it's not going to affect your life economy and expenditures, you can buy when you're able.

I'd agree about DCA.

It's always the strategy on when and how we're going to purchase it. So, depending on your life status and as long as you're capable of doing that without having money constraints after your purchase, that's a good start.

answer of this question have to do with the individual observation I when to invest in Bitcoin and make a profit and when not to invest in Bitcoin.. for me some certain thing I know right well that we are investors need to know during the time want to invest in Bitcoin actually there's not a specific time that is profitable for someone to invest in Bitcoin because the price of Bitcoin is unpredictable when you think it that is the normal time to invest in Bitcoin might not be the time the price of Bitcoin will Skyrocket so from my own perspective I think that investing in Bitcoin depending when you have your capital and if you want to invest for long time you should at least wait until the Bitcoin price falls, during time of bearish season it is when bitcoin is good to be invest on

Hmm correct!
But anyway, there is also a way besides DCA, which is quite well as a profit organization. We called it Lump Sum.
 
Both have their own pros and cons, just as every strategy has its own good and bad. But to be considered, Both are just outstanding. I personally prefer the DCA strategy, through which I accumulate Bitcoin over a period of time. Which according to me, is the best strategy. But this is the best strategy when a person has a small amount for investment. While if someone has a large amount, I think there is no better strategy than Lump Sum. It is assumed that you have mastered the skills of market dynamics as well as technical, fundamental, etc. If not, I think a small mistake can push you into a big loss.

Actually I can't really tell for sure, reason been that there are some people who normally use timing method, there are also some people who does not like using such method. so I guess is just a matter of choice, you can buy at your convenience time you shouldn't wait for anyone to tell you when to buy and when not to buy. sometimes timing the market can make you lose a very big opportunity, that is why I don't always like using that method, but is very good sometimes maybe in terms of selling you can keep timing until it hits your target then you can sell.

When to buy Bitcoin is when you're financially stable,that's exactly the preferred state to accumulate bitcoin using the best strategy ever which happens to be the DCA strategy.Like most persons will say that every investment has their unique risk and an investor that wants to invest in Bitcoin should know and understand the analysis of the coin, bitcoin is volatile and not a quick rich scheme investment.Like I said earlier you must have something doing in order to continue accumulation of Bitcoin and also an emergency fund incase of necessity.Waiting till the dip before investing might you cut you off the next bull moment,so accumulate with your source of income with DCA strategy.

The best time to buy Bitcoin is when you are ready to buy it with money that is not used to buy anything else. Bitcoin prices tend to fluctuate, you can take advantage of bearish moments to buy them, because in general the Bitcoin graph continues to rise. The DCA strategy is very suitable for those of you who want to invest long term, you can accumulate assets periodically for the next one or two years and not sell the Bitcoin you own until its value exceeds the purchase price. By using this strategy you don't need to constantly monitor market prices and will prevent you from panicking if the price suddenly decreases or goes sideways.

Everyone has a pattern that they are using to invest, and everyone does what works best for them. If I were to tell anybody to invest in bitcoin, I wouldn’t just tell them to invest once, especially if the person is very new to bitcoin investment and is scared to invest. I would just tell them they should split their money and invest in parts.
 
Let me make an example. if you have $100 in your wallet and you want to invest, you can just decide to divide the $100 into parts, with each part being $25. You can decide to use $25 to invest every week or every two weeks, it depends on you. Just give yourself an amount to be invested and the time interval for your investment.

Sure thing. But, putting money into Bitcoin can look like a chance and you know risk. If you ask me, "when to best buy Bitcoin?" Opinions differ among people. Some like the Dollar-Cost Averaging (DCA) approach. It involves regular investments, no matter the price. Others wait for the price to fall to a better level. As a new person to cryptocurrencies, your idea to use DCA for a more long-term plan makes sense. Yet, it's helpful to think about other views. Try to learn from people who know this field well, in this forum.

Having reviewed the previous years and seen it I think it will run like a mad horse and the audience will watch it to their heart's content. It is true that not everyone can ride this horse.The best time to invest depends on various factors including your financial goals, risk tolerance, and market conditions.

I think the best time to buy bitcoins is when one wants to buy bitcoins. You say 10 years ago was the best time to buy bitcoins but we weren't there or haven't been able to invest in bitcoins since then. So if we invest in Bitcoin now that will also be the best time for us because we will start from here.
The method you are talking about is the dollar cost averaging method. By adopting this method, a person can buy a certain amount of bitcoins every month and accumulate gradually. If he doesn't increase his budget as you say and deposits the same amount of bitcoins every month, his bitcoin investment will grow at the end of the year.

Maybe that will be before the Bitcoin halving.We all know that the Bitcoin halving is only a few months away. During Bitcoin halving, the price of Bitcoin will drop a lot. But after the Bitcoin halving, bullrun season will start in the market, then the price of all coins including Bitcoin will increase again.

Not only 10 years ago, you can still buy BTC now and hodl for the bull run to come before you can sell which is what majority people in this community are doing to boost their wealth, which you can also apply the same formula to get the same result with them in this season.

You can get different prediction from different experts but ensure you do your own research to know if their prediction will come to stand in the future before following their steps and, if you want to know if there will be another bear run before the end of this year 2024 just ensure you save some money in case something like that happen you can still buy again.

I think the best to buy Bitcoin was 10 years ago. You can buy Bitcoin whenever you like. I have seen many people saying that purchase Bitcoin every month using a fixed amount. This will not burden your budget and at the end of the year, you will have a good quantity of Bitcoin investment. I have read some analysis, and they were saying that Bitcoin price might dip before April 2024, which is the ideal time to buy Bitcoin if you haven't invested yet.     

Timing of investment is very important in business. But it is very difficult to determine the right time to invest in the crypto currency world. But wait for the dip. If you think the market will not go deep, then you can slowly invest using the DCA method. By doing this , your bitcoins are purchased and you can slowly reduce the purchase price of the market.

Newbies should start investing in Bitcoin now if they want to invest. Because if the new investor thinks why they didn't invest when the price of Bitcoin was much lower then it will just be their regret. DCA Strategy is very easy for Bitcoin investment beginners. By adopting this method new investors can start their investment very easily and even increase their Bitcoin investment continuously if they have full initiative to invest in Bitcoin.

I am not going to say here that I have very good experience with Bitcoin but if anyone thinks he will invest in Bitcoin then he can invest from the current price. Because no one can say exactly what shape the market will take but by doing some market analysis people can make some guess about the price. Those who are market experts may guess and invest their own thoughts but I think as a newbie if he wants to invest a lot then it is better to buy from the current price. Also if a new investor thinks of investing using DCA method it will be better for him.

It's like stocks that you really want to buy. There is no right or wrong time to get in, especially with a deflationary product like Bitcoin. If you are convinced of the product, then you can get in at any time. However, you should avoid buying at times of extreme hype. At all other times, however, you can buy at any time.

the best you can buy Bitcoin and they make a profit is when the market is extremely down or extremely low it is the best someone can buy a Bitcoin and hold for long time and immediately the market is in green color you can say to make a profit that is why it is incoring or any investor to venture into cryptocurrency investment immediately the market is on bearish so that whenever the market Rises you make profit through the opportunity of it increment, so from my own perspective we have a special period or someone can buy a Bitcoin for long-term investment and we also have a particular time someone can buy a Bitcoin for short-term investment so it is inability of some of us to notice the particular time that will be favorable for us to purchase a bitcoin and they also make a profit during the process, so what I advise people is that you have to examine the the market before you purchase a bitcoin for long time or short-term investment.

Those factors shouldn't be any hindrance at this moment, knowing full well that we're approaching an event that will usher in a new ATH. Bitcoin is still below its present ATH, and we know that it had always overtaken its previous ones to create a new one. If you were looking at any factor that could hold anyone back from buying, that should be during the bear season, not now. ATM, the market is excited.

By the way, anyone can buy at any time they want. Actions of whales can't stop anyone from trading or investing.

Definitely. Bitcoin is not only a digital asset to buy, but the safest way to secure our future. Bitcoin has many potentiality that makes it quit different from other investment which are:

1. Bitcoin is a good store of value with the potential of higher volatility over time.
2. Dont expire like bank note which could be changed from time to time. It remain constant in appearance  while Changes in price due to volatility.
3. Bitcoin is a digital asset that has a long life spam. Meaning it can stay upto 50 years in a wallet without being dominant like local bank account.
4. Bitcoin doesn't require paperwork 📜 where you have to fill form before registration. But can open at the comfort of your zone.
5. Bitcoin has the best privacy and security system expecially in DEX. Which mean you do transaction anonymously without people knowing who owns the wallet except for CEX where required kyc before exchange.
6. Bitcoin is the fastest way of sending money across the globe without going to the bank or requesting for western union money transfer.
So all this potential are the reason while I say Bitcoin is more important than the way you think.


Bitcoin doesn't have a particular time to buy. If you study very well, is either you buy on lump sum, dip and hold and the DCA. But the most popular one is the weekly DCA. Because if you only want to buy when it's dip you might be disappointed because Bitcoin is not waiting for anybody. So the DCA still serves as the best amount all.

Like you said, if you wait for it to fall before you buy, you will be disappointed. Just like many people who fail to buy  bitcoin when it was low below $16k, now they are regretting why dey didn't buy it then. But the problem about the dip strategy is that you don't really know the best time to buy when it's dip. Because you don't know whether that time might be the last time you will see the lowest dip. And probably if it was, you regret forever. Except bitcoin price fall to same category next time.

Looking at Bitcoin investment for long term perspective of which the investment plan is to buy and hodl requires an investor not  to necessarily be looking at the market movement on the view that this is mostly done by short time investors whose interest is only to buy and maximize profits within the shortest time frame which is more risky and considered to be gambling reason why long term investment is been prioritize. The dca stratege gives investors the flexibility to invest and enter the market irrespective of price and time because deciding if Bitcoin has a place in your portfolio requires looking beyond today's headlines but for future profit maximization. Similarly buying at dip should only be seen as additional advantage of accumulating more Bitcoin in to your portfolio. both for newbie and  experience investor the dca  is the best because it mitigates the risk tolerance in Bitcoin investment by given investors the emotional rest needed to manage their asset properly.


The first best time to buy Bitcoin was yesterday and the second best time is today, this brings to every Bitcoin antispator that procrastination ever buying Bitcoin or the person that is asking on the best time to buy the dip, this implies that the best time is never tomorrow regardless of the speculations on how low the price might drop in the future if you can't buy it now , there is no certainty that you will be able to buy it tomorrow.