Topic: When do you buy Bitcoin ? - page 149. (Read 201272 times)
I am thinking to buy at least 0.5BTC to 1BTC by the end of the year(before the new year) and wait/hold until July or August.
The right time to buy bitcoins is when the price drops and when you believe that it will bounce back so you could make profits, if you're into trading that is.
I buy when the market is wild. This moment for example the market is wild. Fluctuation of the price are quite high. So I place both buy and sell order to maximize my profit.
When the market is asleep I try to make my profit with the alts.
Thanks for ll the replies, i had thought about buying 1BTC a month. So if i divided that into days that would be 0.0328 i could buy daily, somedays i would buy high but on average it should balance out over the year.
To be honest i think BTC will increase massively in the future and i am planning to hold long term anyway, so i think that today's price is a bargain, but its about maximizing the amount i get per £ now.
To be honest i think BTC will increase massively in the future and i am planning to hold long term anyway, so i think that today's price is a bargain, but its about maximizing the amount i get per £ now.
If it makes you feel better you should definitely apply dollar cost averaging. However it won't maximize your bitcoin holdings:
Quote from: Vanguard research July 2012
We conclude that if an investor expects such trends to continue, is satisfied with his or her target asset allocation, and is comfortable with the risk/return characteristics of each strategy, the prudent action is investing the lump sum immediately to gain exposure to the markets as soon as possible. But if the investor is primarily concerned with minimizing downside risk and potential feelings of regret (resulting from lump-sum investing immediately before a market downturn), then DCA may be of use.
Great link, Thank you. very interesting, so if i get the jist its saying buy today over buying on a regular basis if you feel the asset will rise?
The title of the Vanguard research basically summarizes it: "Dollar-cost averaging just means taking risk later"
You can't time the market, but time in the market is important. However you need to be able to stomach a potential (paper) loss.
Please be aware that bitcoin != the stock market, and is a highly volatile and risky 'investment'. That is why you need to imagine which scenario would make you feel worse:
Losing a large percentage of the money you invested vs missing the train with huge upswings. It is up to you.
The right time to buy bitcoins is when the price drops and when you believe that it will bounce back so you could make profits, if you're into trading that is.
Thanks for ll the replies, i had thought about buying 1BTC a month. So if i divided that into days that would be 0.0328 i could buy daily, somedays i would buy high but on average it should balance out over the year.
To be honest i think BTC will increase massively in the future and i am planning to hold long term anyway, so i think that today's price is a bargain, but its about maximizing the amount i get per £ now.
To be honest i think BTC will increase massively in the future and i am planning to hold long term anyway, so i think that today's price is a bargain, but its about maximizing the amount i get per £ now.
If it makes you feel better you should definitely apply dollar cost averaging. However it won't maximize your bitcoin holdings:
Quote from: Vanguard research July 2012
We conclude that if an investor expects such trends to continue, is satisfied with his or her target asset allocation, and is comfortable with the risk/return characteristics of each strategy, the prudent action is investing the lump sum immediately to gain exposure to the markets as soon as possible. But if the investor is primarily concerned with minimizing downside risk and potential feelings of regret (resulting from lump-sum investing immediately before a market downturn), then DCA may be of use.
Great link, Thank you. very interesting, so if i get the jist its saying buy today over buying on a regular basis if you feel the asset will rise?
monthly 10 btc .
10 BTC that is so much money that is like 3000 -3500 dollar every month -.-So in one year you hace 120 Bitcoin hmm oke.
i buy after the bitcoin price goes down a bit
monthly 10 btc .
Price drop is the best time to buy bitcoins and selling it during the price rise.
I actually did buy btc for 2000USD when btc price was 240-270 and sold it for 330, by the process I saved one btc for myself as a profit
I actually did buy btc for 2000USD when btc price was 240-270 and sold it for 330, by the process I saved one btc for myself as a profit
Best time to buy for me is when everyone is talking about the price drop.
And best time to sell is when everyone is talking about how the price is going to the moon.
And best time to sell is when everyone is talking about how the price is going to the moon.
It kinda depends for me. If I feel like I could make profits out of the amount that I bought the bitcoin then yes I will buy.
Thanks for ll the replies, i had thought about buying 1BTC a month. So if i divided that into days that would be 0.0328 i could buy daily, somedays i would buy high but on average it should balance out over the year.
To be honest i think BTC will increase massively in the future and i am planning to hold long term anyway, so i think that today's price is a bargain, but its about maximizing the amount i get per £ now.
To be honest i think BTC will increase massively in the future and i am planning to hold long term anyway, so i think that today's price is a bargain, but its about maximizing the amount i get per £ now.
If it makes you feel better you should definitely apply dollar cost averaging. However it won't maximize your bitcoin holdings:
Quote from: Vanguard research July 2012: "Dollar-cost averaging just means taking risk later"
We conclude that if an investor expects such trends to continue, is satisfied with his or her target asset allocation, and is comfortable with the risk/return characteristics of each strategy, the prudent action is investing the lump sum immediately to gain exposure to the markets as soon as possible. But if the investor is primarily concerned with minimizing downside risk and potential feelings of regret (resulting from lump-sum investing immediately before a market downturn), then DCA may be of use.
Everyrime is always good for buying bitcoin,if you know that bitcoin price will raise up.
Thanks for ll the replies, i had thought about buying 1BTC a month. So if i divided that into days that would be 0.0328 i could buy daily, somedays i would buy high but on average it should balance out over the year.
To be honest i think BTC will increase massively in the future and i am planning to hold long term anyway, so i think that today's price is a bargain, but its about maximizing the amount i get per £ now.
To be honest i think BTC will increase massively in the future and i am planning to hold long term anyway, so i think that today's price is a bargain, but its about maximizing the amount i get per £ now.
I bought a few through localbitcoins. I never sold any. I just use it when the price is high. I hold most bitcoin.
Hello although localbitcoins can be convenient for your purchase, the price in localbitcoins is usually higher than the market so this can be a riskNot if you buy and sell on localbitcoins and only use the bitcoins for saving purposes (hodl).
I bought a few through localbitcoins. I never sold any. I just use it when the price is high. I hold most bitcoin.
Hello although localbitcoins can be convenient for your purchase, the price in localbitcoins is usually higher than the market so this can be a riskNot if you buy and sell on localbitcoins and only use the bitcoins for saving purposes (hodl).
I bought a few through localbitcoins. I never sold any. I just use it when the price is high. I hold most bitcoin.
Hello although localbitcoins can be convenient for your purchase, the price in localbitcoins is usually higher than the market so this can be a risk
I bought a few through localbitcoins. I never sold any. I just use it when the price is high. I hold most bitcoin.
I only buy Bitcoin when it is getting dumped to the ground, that's when I do buy low and sell high. Other than that, I buy Bitcoin when there are large enough price swings to profit from, but that's purely for day trading purposes.
I think it is very difficult to guess the low prices in any investment either it is bitcoin price or share prices so the best method to buy is start buying in small quantities when ever you can and get the best average price over the time. I always buy when I get some extra cash and will sell when I make some decent profit.
It is impossible to know what the ultimate low of the price will be. The best we can do is guess and do a bit research as far as that is possible. That's why I always buy when people are unhappy and are selling like there is no tomorrow.
Some times when I buy the price may go down a bit further, but that's not a problem at all as I never go all in. I always do 25% buying at start and leaving 75% fiat in my account for when the price goes down even further. That's how I will continue to benefit from the price going lower. If the price goes down at least $10-$20 lower than when I bought, I use another 10% of my fiat to buy again.
I only buy Bitcoin when it is getting dumped to the ground, that's when I do buy low and sell high. Other than that, I buy Bitcoin when there are large enough price swings to profit from, but that's purely for day trading purposes.
I think it is very difficult to guess the low prices in any investment either it is bitcoin price or share prices so the best method to buy is start buying in small quantities when ever you can and get the best average price over the time. I always buy when I get some extra cash and will sell when I make some decent profit.
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