WHEN DO YOU BUY BITCOIN? - page 5. | Bitcointalksearch.org

Chato1977

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Quote from: Ziskinberg on November 29, 2021, 02:49:26 PM

When to BUY?
The answer is "When we are ready to lose". No specific time. I don't make you feel negative but in most possible cases, we should have to prepare for it as this was part of our investment experience.
Because I believe that we've done everything (research, plan, and etc...) before making a decision to risk investing in crypto. Until we fully understand how this works and if we are prepared for what will happen next, we are been ready enough.

If you are dealing in crypto you must know that a chance to earn is also a chance to lose, meaning when you decide to invest then you also decide to lose.

What we are dealing here is a chance of gaining and losing and if you are only to earn then you must not deal with crypto.

we have met some accounts that only seeking for winning but in the end crying because their Noob attitude added with greed make them a loser.

Zilon

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Quote from: 95Bolu on November 27, 2021, 07:41:35 PM

What is your strategy to buy bitcoin?

My strategy is quite simple I sell whenever ever I make a little profit while I patiently wait for a new dip or a slight fall in price below my selling price then take advantage of it to buy more. This technique require so much discipline to avoid trading with emotions. No matter how small the profit comes I just take it while i wait for another good entry point to buy more and if its not good enough to buy I still wait more longer

rodskee

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Quote from: 95Bolu on November 27, 2021, 07:41:35 PM

At one point or the other, we all need to buy bitcoin, but when do you actually buy it? or when is the best moment to buy bitcoin?

it has been a common advice to buy whem there is a drop in prices for discounted purchase .

but its up to your decisions .

Quote

For example, should I save some cash to but bitcoin when there's a 0 -15% dip? or should I wait till there's a major drop of >30%?

it is not saving before planning , but you must save before taking the plans because sometimes price will fall in your front while you are still looking for chances.

Quote

Is DCA the only way to buy bitcoin? What if I invest in an altcoin that booms and then take profit from it to buy more bitcoin?

What is your strategy to buy bitcoin?

actually that is a perfect idea buying altcoin first to multiple ypur capital.

but if you are lucky to find one good alt that will favor your plans

muratsink

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at this time maybe the price of bitcoin is still not stable but to buy bitcoin I don't think you need to wait for the right time because bitcoin is a long-term investment so it doesn't have to take special time to buy bitcoin maybe bitcoin is currently experiencing an unstable price but for me buying at a high price is better than buying it at a low price, because buying at a high price we will also sell at a higher price

Amejoaquim

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Dollar cost averaging (or DCA) means buying a little bit at a set interval. Some people buy weekly or monthly or whenever they get paid. You can either do a set dollar amount or a percentage of your income but it seems to be the most effective method over long periods of time. Everything else is just rolling the dice.

kawetsriyanto

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Quote from: BuyingBitcoin on November 28, 2021, 02:34:28 AM

Buying the dip during a bull market is different than buying the dip during a bear market. It dips 1 to 3 times in a bull market vs it dips 3 to 6 times during a bear market.

I don't care about how many dips. What I care is to buy at the right time when it is in the dip. 1-3 dips in the bull market is more than enough if you bought Bitcoin at that moment. If I saw the dip, I will use more than 70% of my funds to buy Bitcoin. Then I will hold it until BTC reaches a certain price. 30% of my funds will be spent to buy altcoins for trading weekly or monthly. So, for a typical person like me, it is no problem with fewer dips in the bull market. Wink

Momoamzad

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Ifirst of all yes DCA is the best way to buy BTc. And second I will suggest you to follow 3 step technic what I follow to buy in three step . Do not buy all in once.buy small portion part by part . That will help you to protect from loss. Suppose if you have 100$ . You can use it in 30% at current price than wait for correction n when price down U can invest another 30% like that . But don't be panic if you buy in ATH just hold it untill you reach your target.

dimox

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Quote from: deadmousehat on November 27, 2021, 09:01:11 PM

The main thing is that you have money and Surely we are all familiar with #BuytheDip that is heard on almost all social media today.
Buy dips to maximize profits when prices rise again. everyone has their own speculation and analysis if you believe bitcoin will drop to >30% then go ahead.

in the past, we said when you have money, because the price still low, like you still make profit when you buy bitcoin. now, you need to calculate it to make maximal profit, you can buy now in high price but still remember if the price is really great.

Quote from: Pahom on November 30, 2021, 10:31:35 AM

My strategy is to buy Bitcoin regularly. I try to buy every month after receiving my salary. Also I enlarge my capitals on big corrections. The last time I bought on correction was in July. I bought for 34 000$. I follow the same strategy in terms of all mainstream currencies, so I buy ethereum, bnb, matic,Solana, Cardano,Polkadot etc on regular basis and on drawdowns.

yeah, sometime you need to set aside some money for inevstment. some people will always deal with crypto every month to save their future, and this is good move because crypto always grow

ChiBitCTy

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As I tell all my clients who try to decide putting a lump sum in to their retirement plans or to spread that lump sum out across the course of the year (dollar cost averaging). Sure you can get lucky and end up buying the low point for the year but in all likelihood it wont be, so DCA tends to be the way to go. Sure you can wait for a dip to start, of course.

meanwords

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Quote from: 95Bolu on November 27, 2021, 07:41:35 PM

At one point or the other, we all need to buy bitcoin, but when do you actually buy it? or when is the best moment to buy bitcoin?

For example, should I save some cash to but bitcoin when there's a 0 -15% dip? or should I wait till there's a major drop of >30%?

Is DCA the only way to buy bitcoin? What if I invest in an altcoin that booms and then take profit from it to buy more bitcoin?

What is your strategy to buy bitcoin?

I'd be satisfied with a 10-20% dip because I know it's temporary and Bitcoin will bounce back eventually, the uncertain thing is when will it bounce back. Bitcoin volatility has gown down so much from hundreds that eventually, Bitcoin's price would settle at a stable range in the future, from which I think that price is way higher than our price today.

Snappycoco

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I buy regularly. I've been hoarding BTC since 2019 and never sold any. I set aside some money from my savings and put it in BTC whatever price I get it. I'm a long term holder so minor price movements don't matter to me. However, I only invest the money I can afford to lose. For example, if have a monthly savings of a 1000$ I put 100$ in BTC and just forgets about it.

Pahom

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My strategy is to buy Bitcoin regularly. I try to buy every month after receiving my salary. Also I enlarge my capitals on big corrections. The last time I bought on correction was in July. I bought for 34 000$. I follow the same strategy in terms of all mainstream currencies, so I buy ethereum, bnb, matic,Solana, Cardano,Polkadot etc on regular basis and on drawdowns.

tygeade

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Quote from: 95Bolu on November 27, 2021, 07:41:35 PM

At one point or the other, we all need to buy bitcoin, but when do you actually buy it? or when is the best moment to buy bitcoin?

For example, should I save some cash to but bitcoin when there's a 0 -15% dip? or should I wait till there's a major drop of >30%?

Is DCA the only way to buy bitcoin? What if I invest in an altcoin that booms and then take profit from it to buy more bitcoin?

I don’t have a percentage that I feel is right to buy cryptocurrency, I just buy cryptocurrency anytime I feel that the market is in a good condition for me to buy it. I watch the market everyday and how it moves, and I’m also getting my updates through different sources.

So, there are so many things that are involved when I am making such a decision on whether I should be buying cryptocurrency or not. This way, based on different factors, if I should that the time is right to buy, then I would buy. Sometimes the market doesn’t have to go down for me to even buy bitcoin with years long plans.

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Quote from: taufik123 on November 29, 2021, 01:47:30 PM

Quote from: blockman on November 28, 2021, 05:17:07 PM

It is expensive and that's why they think it's not worth so they're observing. But as they see the price goes up again, that makes them interested again in it because that makes them miss the opportunity that should have been done by them when the price has dropped.
But when they do, they're doing a quick decision that makes them in FOMO and it's all on them if they've made a good decision. But at the end of it, they still get to own bitcoin which is a good thing.

Everyone will be interested when the price of Bitcoin starts to go up and keeps going up, but when the price keeps going down they don't buy it. it is indeed a natural thing and often happens for those who do not understand the state of the crypto market.
Lay people even continue to do FOMO when the price is at its peak, FOMO will always end badly when we can't hold it well. Everyone can buy bitcoin at any price, the most important thing is the strategy and the main target. Don't be swayed by FUD and FOMO.

Yes, that's the sure thing and as usual. They're liking to buy bitcoin when the price is up and they don't like it and ignore it most of the time when the correction comes to it.
Too bad that these people are being hit by FOMO when the price swings and with some FUD, they lose their optimism for bitcoin because they think that it's not worth it anymore upon reading those bad news that normally comes to the market when we're at the top.

Questat

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It is our own discretion, not because someone told us so.
*capital
*knowledge
*plan

If you have these things, I guess you are in the right position to start buying Bitcoin. Well, we may consider the price as it was good to buy during the bear season but at this time, it looks like we just taking advantage of every correction as we may no longer see bearish season comes again.

milewilda

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Quote from: Ziskinberg on November 29, 2021, 02:49:26 PM

When to BUY?
The answer is "When we are ready to lose". No specific time. I don't make you feel negative but in most possible cases, we should have to prepare for it as this was part of our investment experience.
Because I believe that we've done everything (research, plan, and etc...) before making a decision to risk investing in crypto. Until we fully understand how this works and if we are prepared for what will happen next, we are been ready enough.

There would be no specific time for this which is actually true on which the time we do consider on buying then this is something in our own decisions whether we could take out some risk or not because we know that price isnt stable which means opportunities could really come anytime which means
that specific actions to be made out will really be someones experience and knowledge into the market because not all would really be that knowledgeable
or well skilled when it comes on making trading or investment decisions.

Ziskinberg

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When to BUY?
The answer is "When we are ready to lose". No specific time. I don't make you feel negative but in most possible cases, we should have to prepare for it as this was part of our investment experience.
Because I believe that we've done everything (research, plan, and etc...) before making a decision to risk investing in crypto. Until we fully understand how this works and if we are prepared for what will happen next, we are been ready enough.

qwertyup23

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Quote from: 95Bolu on November 27, 2021, 07:41:35 PM

At one point or the other, we all need to buy bitcoin, but when do you actually buy it? or when is the best moment to buy bitcoin?

For example, should I save some cash to but bitcoin when there's a 0 -15% dip? or should I wait till there's a major drop of >30%?

Is DCA the only way to buy bitcoin? What if I invest in an altcoin that booms and then take profit from it to buy more bitcoin?

What is your strategy to buy bitcoin?

The key on when to purchase BTC is to study the market and analyze its price depending per weeks or days.

Currently, the price of BTC skyrocketed from $54,000 to $58,000 within a matter of hours. With this kind of gain, it is relatively safe to assume that its price might decrease again and find its normal range. But since the price also broke the $60,000 barrier last month, that should be your 'maximum' price that you should consider investing. Today is a good time to purchase more for long-term HODLing. Again, this is purely based from price history market which should be one of the factors in considering your decision to either purchase/sell your resources.

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Quote from: blockman on November 28, 2021, 05:17:07 PM

It is expensive and that's why they think it's not worth so they're observing. But as they see the price goes up again, that makes them interested again in it because that makes them miss the opportunity that should have been done by them when the price has dropped.
But when they do, they're doing a quick decision that makes them in FOMO and it's all on them if they've made a good decision. But at the end of it, they still get to own bitcoin which is a good thing.

Everyone will be interested when the price of Bitcoin starts to go up and keeps going up, but when the price keeps going down they don't buy it. it is indeed a natural thing and often happens for those who do not understand the state of the crypto market.
Lay people even continue to do FOMO when the price is at its peak, FOMO will always end badly when we can't hold it well. Everyone can buy bitcoin at any price, the most important thing is the strategy and the main target. Don't be swayed by FUD and FOMO.

Quote from: laurenB7742 on November 29, 2021, 01:38:48 PM

Actually, I don't have enough time to do technical analysis. Professionally I do work on a farm 8hours/day and do Sportsbet the rest of the time, So I can't manage enough time to do an analysis of the market condition. But, I invest in Bitcoin when I have free money in my hand, I don't care about the correction/dump/10%-3% whatever. I buy Bitcoin at the spot price, after a few months later when I calculate my investment & profit, I just pleased and satisfied with it. If I saw 0 profit I buy more and prolong my holding time, till now I had not faced any loss in the Bitcoin market.

technical analysis will not waste much time, even in just 10 minutes you can do it. The most important thing you should use is basic technical analysis.
If you have free money or money you don't really need, long-term investing is for you. buy now and wait for it to go up and make a profit, buying more when the price keeps going down won't be a problem when you have money in reserve.
most importantly you know where you should take advantage.

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Quote from: taufik123 on November 29, 2021, 01:14:25 PM

Quote from: Wysi on November 29, 2021, 01:02:55 PM

I usually buy Bitcoin when there is the dip of more than 10% and it starts recovering, I would suggest you to monitor the market whenever there is a dip and once you notice that it has started recovering more than 3% then it's the time to make entry. I have tried this it works but we need a lot of patience.

Not only patience, the most correct method is to use technical analysis, so you know at what price to buy, at what support to buy. do not just rely on a guess without any analysis. to get fast results scalping strategy will be very useful.
Looking for a 5% to 10% reduction can be done easily, but you also have to know at what price you should take the profit.

Actually, I don't have enough time to do technical analysis. Professionally I do work on a farm 8hours/day and do Sportsbet the rest of the time, So I can't manage enough time to do an analysis of the market condition. But, I invest in Bitcoin when I have free money in my hand, I don't care about the correction/dump/10%-3% whatever. I buy Bitcoin at the spot price, after a few months later when I calculate my investment & profit, I just pleased and satisfied with it. If I saw 0 profit I buy more and prolong my holding time, till now I had not faced any loss in the Bitcoin market.

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