Topic: Bitcoin, when to buy - page 5. (Read 1150 times)

As long as we are in the bearish season, don't worry to buy Bitcoin. We are still in the year of bearish season, the next year is the first year of bullish season if we consider the previous cycle. Anyway, the current price of Bitcoin is also still around $34k, it is quite far from the ATH ($69k). Usually, when we are in the bullish season, the price will create a new ATH. Ideally, it should be above $69k. So, it is quite safe to buy now if you have funds.

If you understand what DCA is, it is no problem to apply it. But makes sure that you know it well.
Don't just follow what people suggest to you. You must ensure whether it fits to you or not.

In my opinion, when the market is good enough to give you profit then it would be better time to invest in the bitcoin. And you also know that we have seen in the previous days bitcoin was pumping hardly and now the price is enough to give a profit. But it also depends on your funds, for example how much fund you are holding plays also an important role in the profit of a trader.

Also, when the bitcoin was below $25k that was also a better time to invest in that, BTW waiting for the DCA method is also a wise thinking of a trader, it is already told by many top trader. But investment needs some planning to do it before, this step can mostly trader try out and they have more time to got to the profit.

You don't recommend to go for DCA and you also think Lump-sum can't be a better option for OP then what should he do 
You are right, but think for another second, the risk involved in doing Lump Sum at the current moment is that the OP is new, has less knowledge of how to buy, doesn't know the networks properly, is not familiar with the exchanges, and is unsure of which is best for him in the context of taxes and security, and most importantly, how he would keep those amounts safe. Then, besides all this, there are other factors like market analysis, etc. Considering all the points in mind, lump sum can be a good option if OP covers all of them, because they don't require years to learn. If he does lump sum now at the current market rather than doing DCA, he might be making more money, but emergency funds are necessary to be kept aside.
There is no doubt in it, that's why I mentioned FA with TA. 

The best time is when you are ready to invest and how come someone tell you what's the best time? It is easy to say invest at low and sell at high but who decides these low-high points? The decision is in your hands so just go with it without wasting time and waiting for right time as im coming time you will only regret not investing in it like the same old feelings we have from past.

If you have enough funds to invest, there may be enough time to buy bitcoins, if you are familiar with the volatility of the bitcoin market and can analyze it properly. However, it is important to invest mentally and in alignment with one's primary financial goals. Depending on the nature, investing in DCA can be both fiduciary and risky. With this method you can buy a fixed amount of bitcoins for a fixed period of time, which will not have a fixed effect on the price over time. It is possible to fix when to buy bitcoins using the DCA method. This gives you the opportunity to consider the price situation on the second side and you can change it if necessary in the future. You can follow your fixed dividend and required conditions.

If you are very confident in Bitcoin and the DCA method and can feel comfortable enough to use it, I think you just need action from yourself to try it. Although generally the right time to buy is when the price of Bitcoin has decreased, if you prefer the DCA method, I don't think you need to be affected by the price because you can buy it slowly using this method. Be it every week or every month because most of the time now is very suitable for buying assets like Bitcoin.

I would say that DCA is the best way because it mitigates the risk of loss over time. Even if you started buying at the top but you never stopped a DCA purchase during the price slump over the past year or so, you would have lowered your cost basis so much that your overall holdings now have a greater fiat valuation against every fiat currency.

This is a great tweet from Wicked Smart Bitcoin that shows just how valuable buying over time with a DCA really is: https://twitter.com/w_s_bitcoin/status/1719851382264521037

I also really like the Bitcoin Profitable Days chart from Look Into Bitcoin (https://whatsbitco.in/look-into-bitcoin) because it shows just how valuable it is to hodl over long periods of time. With a DCA, you end up buying more when the price is lower and less when the price is higher. Also, if you keep track of your average purchase price, then you can obviously buy more when the price is below your average cost per coin.

In short, bitcoin is long-term savings for long-term thinkers and DCA is a long-term way to buy. 

The best time to buy Bitcoin is when the price is low. You can use the DCA method to buy Bitcoin so you don't think too much about its price movements. The DCA method is the best way to accumulate more Bitcoin at various prices. The important thing is that you can regularly buy Bitcoin with the same amount of money.

By using the DCA method, you can be sure to buy Bitcoin for a certain period. Now is still the best time to buy Bitcoin, especially if there is a deeper decline shortly.

You don't need to rush or worry if the price decreases because it is a bonus for you so you can buy more Bitcoin. We've seen it dip so often that it's a good time to buy it.

What we have to pay attention to when using the DCA method is being disciplined and routine in buying Bitcoin. And even if we buy it when the current price is higher than yesterday, that's okay because our target is long-term.

Well, it's not a hype. It's true. There are a great number of knowledgeable guys in here who are even ever ready to pass across what they know to others for free. All you've to do is ask, and ask in the relevant boards.

Concerning the DCA you mentioned. Yes, it's a better way to accumulate Bitcoin (or any crypto) than buying at once if you've the set skills to spot Resistance and Support areas. If you aren't good at TA (Technical Analysis) you're likely to mess it up and miss the bus big time. To be on a safe side, just buy right now. We're approaching the Bitcoin halving event and price will soon go gaga up there.

I don't know why people are always seeing themselves as being late to bitcoin yes we know that bitcoin prices has gain much interest compared to back in the day where it was sold for less than $200 to $1000. I think what people should be considering now is that were the price could likely be in time to come if they will keep saying they are late or what best methods to applied to acquire bitcoin.

To me I only see the future as something that may be more difficult for people to acquire some fractions of bitcoin and now that you and I have all the best opportunities to at least have about $1k to $10k worth of bitcoin. You can buy that of $1k and hold till many years you feels like because the more we encountered halving the more bitcoin keeps increasing by then it could be very hard for people or average people to hold a decent volume of bitcoin.

Depends on your thought process and your HODLing strategy.

If you want to go for long run, today is a good day to buy. Tomorrow is also a good day to buy. You get it?
If you want to do trading or sell just after a sudden 20% UP move, you shouldn't even think about buying Bitcoin.

Anytime before the Bitcoin Halving in next year is the best time to buy Bitcoin.

OP, I've heard many stories of people regretting why they didn't learn about Bitcoin earlier, why they didn't invest in Bitcoin earlier. You're new here and you've heard of Bitcoin by now, so I think it's a good enough time for you. Because in 2025, many predict that the price of Bitcoin may exceed 100k. If you have a source of income, invest in bitcoins with what you can afford to lose. Keep in mind that investing in Bitcoin is risky, but nowadays everyone has a lot of confidence in Bitcoin. You have heard about DCA which is very good, you invest in Bitcoin following DCA. It is expected that if you hold for 3-4 years, you will get a lot of profit.

Bitcoin in the past demonstrated strong cyclic behavior with bull and bear markets, which makes it simple to suggest investing in bear market. We are currently in the final months of a bear market, according to this pattern, and will be leaving it after the halvening. If you have funds, it's better to put them into BTC now, than to stretch it over some period of time. DCA yields better results if the price keeps going down, but if it goes up, then you'll be getting less coins.

Talking about the best time to buy Bitcoin, I will give a straight answer which is, Now is the best time . For an asset that is continually on the rise there's never a best time to buy it because if you keep waiting for the best time, the next time you come, you me see that it has appreciated above what you knew it to be earlier so now is always the best time to buy your Bitcoin.

Few years back Bitcoin was cheaper than it is now so for someone who bought for a long term , should by now have accumulated some profits regardless of the up and down movement of price because it continues to appreciate, it only falls at time to make come retracement and further finds it's way up, Bitcoin is never depreciating like Fiat so it has remained a stable investment especially for the long time. Some people will advise you but Bitcoin during the dip but first you need to understand the concept of deep els you will keep waiting while Bitcoin will keep appreciating. If you continually wait for a deep you will never get a good opportunity as a deep is Bitcoin retesting an old price before moving up above it again so for every deep there's an old price that wants retested and it's definitely not going lower or cheeper than that price so no opportunity is better than when you meet it.

The first question of whether this is the right time to buy all depends on your investment goal. If you are a short term investor who is waiting to take profit within few weeks, this might not be a good time to buy. But if you are a long term investor who might not take profit till after 1 or 2 yes, this is a good time to buy, especially if you will apply your second question.

The first question about the DCA method of investing in bitcoin. It has been proven to be one of the best ways to accumulate wealth in not only cryptocurrency but also in other sphere of life.

OP your question is what is the best time to buy bitcoin? If you have enough funds to invest then I would say the current time is enough for you to buy bitcoins. Bitcoin investment is not enough for you if you don't have funds no matter how volatile the Bitcoin market is. But if you have enough funds to buy bitcoin right now then this is enough time to buy bitcoin. Even so, since you haven't been involved in Bitcoin for a long time, don't dwell on what happened in the past and focus on the present. Bitcoin investment will be the best for you if you can move forward with the present time priority. Once people were not much confident in bitcoin investment now people have become much more confident in this bitcoin investment. So I would say to the late comers to Bitcoin, there is still plenty of opportunity to invest, I think you will see maximum success very quickly.

Don't get me wrong mate but you have made a very good advice here but I think this would apply better when talking about altcoin, the reason why I haven't gotten my desired amount of Bitcoin yet is about I don't have the financial capacity and not that i have any doubt about Bitcoin, accumulating Bitcoin should not only be seen as an investment plan but as a channel to breaking the barriers and challenges of the traditional financial system.

You said yourself that having Bitcoin is a lifetime opportunity. Technically, every time is the best time to buy BTC. What matters most is how you secure your BTC, your knowledge, and understanding about the market, and the plan you have for the investment you made in BTC.

DCA is a good investment based on how it gives room for more financial activities and reduces the impact of the market's short-term volatility which could lead to a panic sell but it is also a disciplined investment method.
You can wait till the market drops to your convenience but the chance of BTC going below $30K is slim.

The right time to buy bitcoin is when you have money to invest, your finances are in a safe position, and your knowledge is adequate as an investor in maintaining your bitcoin.
This sounds normal/commonplace but quite important to have before you invest in Bitcoin because it will involve your investment in the future.

The DCA strategy is quite good and this strategy is the most flexible strategy in every market state, so we can buy in cheap or expensive conditions with the time that has been determined, but maybe everyone's view is different about a strategy in making purchases, but in my opinion Personal DCA is the best especially when the market in the bearish season, the DCA strategy is far more effective.

There is no other option other than doing DCA if you want to hold your BTC for the long term, but you can do a lump sum too if you have funds in your hand right now. But most people go for DCA because they don't have enough money to do lump sums, so they use some of their monthly earnings or salary to invest in BTC on a weekly or monthly basis. But keep in mind that even if you are doing DCA or lump sums, you have to save some funds for emergencies.

You can use those funds either to buy more when the market comes down or if you have some kind of emergency and need funds for that.

I have learned this thing from my past experiences, and I highly suggest you save funds for emergencies and not invest all of your funds, even in DCA or lump sum. Because, let's say you have the capability to buy 1 BTC now for $35,000 and you buy one now by doing Lump Sum, and once the market goes up, like near-old ATH, your money will be doubled, which might not be doubled if you do DCA.