Topic: Bitcoin, when to buy - page 3. (Read 1150 times)

Dear these questions are very common like when should we buy Bitcoin and what is the best method to buy Bitcoin DCA or Lump Sum if you ask me the same question so I would say you should read this topic which I created some months ago there you can read the best suggestions of the experienced members. here is the link to the topic>>>>"Lump sum Vs DCA" for Bitcoin Accumulation". Must have a look here.

what I learned from there is that DCA suits well those who have fewer funds and they can not buy at once so that they can keep accumulating the BTC from time to time when they get their salaries and it is not highly recommended that only those should not do DCA who received their salaries monthly or weekly based it depends on everybody plans or preferences. On the other hand Lump sum suits well for those who have a big amount of money and do not care about the market price so they just buy and hold it for the long term. So in the end plan always matters alot.

I think not all people have the same method of depositing bitcoins everyone has a different method to deposit bitcoins. If you want to invest bitcoins with dollar cost averaging (DCA) method I think you can buy bitcoins at any time with any amount of money. But one thing if you want to invest first you need to gain experience about investment.
Now not only the newbies but the seasoned investors are continuing their investments with Dollar Cost Averaging (DCA) method and planning to hold it for a long time.

Waiting for the bear market alone before you buy bitcoin is not a good idea, the reason why we have the DCA method is for people to buy bitcoin whenever they have money to invest irrespective of how small the money is, so doing that continually one can always accumulate as much bitcoin even when in bull market. You can continue to buy with DCA till the bear market comes in then you can buy with lump sum.

If you buy the whole part of bitcoin, it would mean very expensive most especially for newbies. That is why using DCA is highly encouraged so that any investor would not feel the burden on his expenses while he’s trying to accumulate bitcoin. And if asked when to start doing it, NOW is the best time for that. Bitcoin is currently priced at $39k so before it goes to $40k up, then start buying now. Bitcoin halving is getting near, it would be wiser to stack more bitcoin these days so we can also ride the hype of making massive profits once bull run starts to appear.

When the price of bitcoin is increasing, it is good for you to use DCA to buy bitcoin but if the price very low and the bottom of the dip then you don't need to use the mathematical method of DCA but to purchase any amount at that time and hodle for the long term investment. So with the two methods I mentioned just now there is no time and period to buy bitcoin but all time. But if you meet the price at the dip time then it is your best if luck.

They suggested it for you because it is easier to get into the paradigm.

For purchasing of Bitcoin it does not have a particular duration or timing that you will know or you have to ascertain before buying Bitcoin only thing you need is to know when the price of Bitcoin rise and then when the price also fall, that that is why what we needed in Bitcoin is to know exactly when the market is about to enter a bullish market is about to enter a bearish market that is what is important in Bitcoin cycle on the Bitcoin investment for anyone who does not know they strategies for bitcoin investment.

The Investment is of two kind long time investment on the short-term investment so if you want to go into a long time investment you can purchase at any given point in time but if we want to go in short time you have to target the market very well knowing that you are anxious of when the market will rise and you sell to make a profit,

This short dip is an excellent opportunity for holder to top their investment and have good value to the Bitcoin because when the price is low the better the rate of Bitcoin you will have and ofcourse the DCA strategy is probably the best but for chances like this it's better to go wild and buy big that's if funds is available. Most people that use the DCA strategy are mostly people that tend strategize their income flow so they can meet up with accumulation and still with other things.

If you buy BTC anytime in the market, it will not help you to make a good profits like those who always buy during bear season which is the best season for people to buy and hodl for future profit. The market price has fall down to $38k Few hours ago and it will still fall more before it will begin to rise again and if you have money to buy BTC, you can buy as many you want so that you will sell to make profits when the price rise higher in the future.

Investing doesn't matter one should invest because Bitcoin is great but investing in it is only investing the money you have which is extra available

So that if there is any loss in future then your investment is not affected and your work is not affected, you can benefit from it, but these are a few things. Keep in mind that if I'm lost my money what will be the next?

If you use the (DCA) Dollar Costing Average method then any time is suitable for you to buy bitcoins. Because with DCA method you can reduce your purchase price a lot. Moreover, currently the market is slowly going deep. So I think now is the right time for you to buy bitcoin but definitely using (DCA) method.

It is difficult to predict where the price of Bitcoin will be in the next ten years due to the way many countries are now looking at cryptocurrency and trying hard to regulate it, The popularity of Bitcoin and the increasing tendency of people to invest in it, all these things are worrying some countries.

So some countries are working to control that and its price. However, this doesn’t mean that it isn’t profitable to buy it,but Bitcoin is still better than other investments.

But how do you determine when Bitcoin is cheap while the price is above 37K a piece. Even if it dump to 20K or 10K level Bitcoin is not cheap. You will never purchase Bitcoin if you are looking for a cheap price.

You should buy during correction based on the chart because looking for a cheap price will make you stuck on waiting unless you are just pertaining to a lower price to the current one. But cheap is long gone to Bitcoin.

Buying Bitcoin cheap is of course the most recommended. Sometimes situations like that make beginners a little hesitant to determine their attitude, whether to enter and buy Bitcoin or have to wait for the price to fall cheaper.
I'm sure you have also been asked by several people or your friends regarding the correct Bitcoin price. We will be quite hesitant to give a price range when the person asking is a beginner. because they don't really know the risks of investing. So when someone asks, show them a graph of Bitcoin prices from year to year. beginners will see the potential that Bitcoin can gain in the long term. not something we buy and sell and then make a big profit.

in my openion its very important think that to take your own financial objectives risk tolerance and investing plan into account. Even though DCA is a wise plan some investors could also search for openings when the market declines or when prices are down to normal.
And also DCA entails investing a set amount of money in Bitcoin on a  daily and regular basis depand on its price. and also Investors may experience less stress while using this point which helps to lessen the effects of short terms price swings.

Yes, many people know a lot about bitcoin, but what you should know is that everyone has a different approach to accumulating bitcoins, and the method everyone uses is the one that works best for them. Many people believe that the DCA method is the best method because it can be done by anyone, regardless of financial situation. If you want to buy bitcoin in a better way, you should do so in a lump sum, but this is only available to some people depending on their financial strength. DCA can also be completed by someone who has previously completed a lump sum purchase, making it the most convenient method of purchasing and accumulating bitcoin.

The question of when to buy Bitcoin should not be the problem, we should have the mindset of buying Bitcoin when the price is low so that we can decide to sell when the price goes up which is one of the ways we can make profits from the market.
Bitcoin is still ranging now and with time maybe at the beginning of next year, we might be seeing the price of Bitcoin going up gradually.
For us to grab from the bull market, it is good for us to try and buy some Bitcoin now when the price is still ranging so that we can sell when the price finally goes up.

The question of when to buy is best answered based on your investment goal. The time the Mr Bob would want to buy will not be the time that Mrs Alice will want to buy if both has different investment goals.
For instance, bitcoin price is within $37k and anyone who is willing to take profit in the next 2 years can buy bitcoin now and wait till the next 2 years and they will be on profits.
There are people who will buy at 37 because they are targeting 40k, which I think is somewhat risky. While some buy continuously with the DCA method.
So, everyone has their entry points according to their investment goals but the best rule to buy is to buy low and sell high.

it just requires people with complete belief in Bitcoin's future potential. those who panic sell when prices fall, only think about taking the opportunity to avoid losses or secure their profits quickly. and hope they will wait at the bottom again to collect more.
if you want to buy Bitcoin, then do it right away. Don't delay if you plan to invest long-term. There is no problem if you buy gradually every time you have money that you allocate to Bitcoin. let's say $100 every week, that's not a bad thing. there may be investors who wait for the moment of decline and buy in large quantities to take advantage of lower prices. but if you don't have more money, you can accumulate your Bitcoins slowly.

  Well i believe the surge is kinda down for now and it’s always advisable to buy the dip to accumulate more profit if you’re buying for a short term. But if you’re buying for a long term it’s advisable to buy voluminous amount of bitcoin so the wait can really worth it. Buying bitcoin is complicated when you don’t know how bitcoin market works. But one thing for sure is not to buy when the market is high, for instance bitcoin is down almost $20000 lower than all time high and definitely bitcoin always double it price whenever the market is going up. So it’s advisable to buy this dip because the higher bitcoin goes the higher the dip will always be, today dip price has once been all time high long ago, joining earlier will always be the preferable option.
  The best time to buy Bitcoin is when nobody wants it, just like the crash in march of 2020 where people sold heavily through exchanges like Coinbase, Primexbt, Binance,  Kraken etc… with prices going as low as 3200 per 1 Bitcoin. This is when people should stock up heavily on it but the problem here is human psychology as it is very hard to make yourself to buy something when things look bleak. The problem now when we are in a bull market is not to FOMO as there will definitely be corrections on the way up. And when you see a such correction then it may be a favorable time to buy Bitcoin. Keep in mind that Bitcoin may go for a prolonged time without experiencing corrections especially in strong bull markets like the one we are now

Yeah bitcoin have gained more popularity so far and from the look of things now bitcoin might really become the next generation currency that will put and end to fiat and unnecessary financial errors that have been in our banking system over the years due to it's decentralized policy, so the more we all embrace this life changing currency now, the better for us all.


The best time to buy bitcoin is now, like it is never too late to start accumulating bitcoins now because from various speculations it is believe that bitcoin may not dip further than this so buying it now may seem as the best time before it skyrocket to an unobtainable price.