Topic: When is it right to invest in Bitcoin? (Read 956 times)

I'd say about 2009-2010 is the right time.

As I am seeing that you have mentioned that you are beginners and I think you are under the misconception that short-term trading is for beginners and long-term trading is for experienced traders. The correct thing is that short term trading is for professional well analysis skilled traders and on the other hand Long-term trading can be done by beginners to professional level traders. Because short term trading requires more analysis than long term trading. On the other hand, long-term trading is done by following a simple DCA method and starting investment for long-term, in this case you just have to adopt an affordable amount of bitcoin after a certain period like every week or month.
If you invest in Bitcoin in the long term, you don't need to spend much time for analysis, so I don't think that investment in Bitcoin will have any effect on the business.
Your stable income and a certain percentage of which you can afford to invest in Bitcoin

Nice, it based on the investment plan of any individual and how far he/she want to go with a target that gears them wether to be aggressive or conservative in there accumulation journey. As you said,I don't support the idea of anyone to stop buying Bitcoin wether the price pumps or dumps, I think it should be a long run (probably lifetime), journey to keep accumulating (reinvesting), after you might have taken your profits, but you keep going since it a valuable asset and already have proven itself and we still don't know what the future holds for us, not being too optimistic though.

I think the only important question on your list of questions is how to know the right time to invest in bitcoin, the rest of other questions are completely unnecessary - sorry to say.

And in terms of knowing the right time to invest in bitcoin, I will say the same thing I've always said when I come across questions like this, and that is that, there is no right or wrong time to invest in bitcoin as long as we are already here today looking forward to tomorrow., the only right time I can say - to invest in bitcoin was yesterday, but since yesterday is past and no way to go back into it, another right time is today and now, and this is because, in terms of price, the market movement is unpredictable, you might want to for price to drop but instead, it end up going up.

So for me, I think the best time to invest in bitcoin in exactly the time you have your funds ready, and have made up your mind in invest that funds in bitcoin, you may decide to use DCA or any other strategy, but what is most important is that, you have taken the decision and are already investing.

But if you have the money with you, you can buy BTC at anytime from the market, but if you want your profit to come big, try to use bear run to buy BTC from the market and hodl for long years before you can market to accumulate profits.

Never you invest all your money in BTC which is not advisable, because it will be difficult for you to endure during the bear run and there are some bear run that use to take one or two years before bull run will occur, and if you don't have other sources of income, it can cause you to sell in a lower price.

If you want to enjoy the benefits of BTC investment, never you think of borrowing money from bank or people around you to invest in BTC because it will not allow you to endure like 3 or 4 years before you can sell, because the person that borrowed you the money will like to use the money to do other things which he or she will not allow long years.

That's exactly what I said but just in a different way. I know that normally when people buy a specific asset after a specific time interval regardless of its price is what is called doing DCA, but that doesn't mean that a person needs to specifically wait for that interval to make another purchase.

If you have a budget in your hands, you buy Bitcoin at $65k with 10% of that budget, and Bitcoin drops to $60k tomorrow which is always possible, you can go ahead and buy Bitcoin at $60k with 10% of your remaining funds, and continue doing that for whatever price you deem fit for your investment plan until you have invested all your money or you think that you should stop buying as the price might start going up from there.

We can invest in Bitcoin anytime. Personally I think a part of any amount of our income should be invested regularly, I think most investors tend to invest this way. We must hold on for a long time. We will invest a portion of any amount of our income regularly and hold it for a long time. Should hold till we get 3X/4X return from there.

Investing in bitcoin or cryptocurrency is entirely up to the investor. Investing is by no means an easy matter. If you want to invest you have to have a clear idea about several things. The crypto market moves on a bullish basis so investors tend to hold on to price falls. Bitcoin's price is down a lot from the past and will go higher later this year so this may be the right time to invest.

Time IN the market is what counts, not timing the market. I've always said the best deals are made by those who understand the game, not those who watch the clock. DCA, that was a wise decision. You play the long game, taking measured decisions over time, not trying to guess every move. While I understand that when Bitcoin reaches $66,000, some people become anxious, that is a floor rather than a ceiling. It portends of things to come. Standing by for a downturn could mean passing up the larger picture. When is the best to buy Bitcoin? That is when you see it is a revolution rather than only money. That's not when you're winging it; that's when you've done your homework.

What you say is very true, the right time to invest is when we have funds that we can afford to invest and that we can save for a long period of time so that we get good results from the investment we make and it would be better if we didn't do it. recommend others to invest. at certain times so as not to blame us when they make a purchase and the price drops again. Of course there are some people who experience panic, but we have to let someone buy according to their wishes and we don't need to force them to invest.

Bitcoin investment indeed requires investors to have knowledges about it. Although mustn't be knowledges about the technical factors but the primary knowledges such as understanding that
1) it's not a get quick rich.
2) Awareness that it's a volatile digital currency which the price would fluctuate.
3) Investors requires other source of income.
4) Staying aware that bitcoin Investors emotional sentiments with the market condition doesn't affect the market price instead it drains your Investors vibes and energies.
5) Setting up a investment goal and be determined by it so that you can prosperously stay let your asset grow to meet that goal.
6) Most ultimate is being aware that you as a bitcoin Investor is holding treasures that could attract local and international scammers and thefts to do aware with your funds. So you should be concious with your crypto wallet details in order to stay safe.

While I agree with you that it's necessary to be knowledgeable about bitcoin before Investing, so that you don't have to regret it on the run due to the fact that the market price may not always go according to your wills, I'll disagree with you for saying short term investment is for the beginners while long term investments is for the experienced.
If you'd ask me, I'll even tell you that it's best that experienced investors are best good for short term goal because they must have figured the volatility of the marketing system to approach to the prediction of the market price.
While the beginners have to stay trustful and unpanicks and just keep hodling to use the opportunity and to understand the market and alongside, you'd be potential t see your assets growing.

So in all, long term holding is the best for both either beginners and experienced investors

Bitcoin is a volatile digital financial technology which it's market price is unpredictable although its volatile potential is optimizing to increase in time to keep greater values of its ATHs. So for that, it's minded to investing on bitcoin doesn't have a specific period

When you are ready to be in bitcoin in the sense that for this to start from finance, your financial planning and management goes well in order to make ready wholeheartedly and believe that bitcoin is indeed worthy of investment. Because however for bitcoin this is not an imposition and we also don't need to force ourselves when we still don't have more money to be in bitcoin because in the end we also have to pay attention to our condition first before actually being in bitcoin.
For the time problem it is you who determines in the end but when it asks about when by referring to the price then indeed I will say wherever the price of bitcoin is still worth it so that the reason is too expensive sometimes becomes a bit classic and tends to be ridiculous because it only covers ourselves who are still not ready to be in bitcoin.

There are no guarantees but when we already feel confident and ready to face all risks including the worst possibilities then it is a sign that we are really serious about this and things like that can only be proven through time because in the end it is time that answers whether we are ready or not because the volatile movement of bitcoin will cause an uncertain market condition and that is where your readiness will be tested.

For me I don't think that we have any time that is special for me to invest in Bitcoin investing in Bitcoin is based on when you have the money to buy as many as you want so that is why I don't like to advise people when they will purchase Bitcoin because you can purchase bitcoin now and the price fall and when the price Fall you lose from your investment so therefore there is no particular time that is perfect time for someone to invest in Bitcoin except that you want to invest when the price of Bitcoin is low so if you don't want to investment the price of Bitcoin is low it is your own concern

In fact, if you are looking for the right time to invest in Bitcoin, you will never find the right time. I always say the best way to invest in Bitcoin is to invest the amount you can afford to lose. Never invest beyond your means.

Do not invest by borrowing money from anyone. Save some money from your income every month to invest in Bitcoin. If you invest little by little, it will eventually add up to a lot.

You may borrow and invest huge amounts but you will lose peace of mind. And if you can afford to invest huge amounts, I suggest you buy Bitcoin at the spot price store theme in a safe place and forget you ever bought Bitcoin for a few years .

This is not really DCAing method works, you're a confuse.
DCA is simply utilizing a specific amount which to invest consistently either weekly, quarterly, monthly that won't exhaust you after set aside your expenses, discretionary funds and also emergency funds as you invest to avoid tappering or tempted with the invested amount.
This simply allow us continually invest in the market irrespective of the market situation at any moment.  From your explanation anyone would get exhausted, which capital seriously, how about our daily expenses to be met up. It doesn't meet the criteria before indulging in it, more or less investing without plan.

hmm right!
There might not be a specific time since no one can perfectly time the market so there is no point in waiting, but there are specific methods for specific times when you wish to invest. Let's take the current price as an example, now if someone wants to buy Bitcoin when the price of Bitcoin is above $66k which is a very high price, they would think that maybe they should wait for the price to drop before they buy because it is currently too high.

They don't need to wait, all they need is to apply a method, and we use the DCA method in such situation. The DCA method is used to buy an asset with a portion of your capital at a certain price point and keep the remaining capital with you, when the price drops in the future, you can use the remaining funds to buy again, and you keep doing that until you have nothing left or you think it has reached the bottom.

You are not pressured to invest in Bitcoin you can start smoothly. You must acquire proper knowledge about the Bitcoin market in order to invest in different ways. After making a bitcoin investment, when you see that the bitcoin is going down, you must boldly hold your bitcoin investment. The right time to invest in Bitcoin will be when you master the investment methods like you said DCA method, then you don't need to be told to invest in Bitcoin now, you can decide for yourself when to do it. One thing to keep in mind at all times is to hold onto your bitcoins until you reach the target.

When you are financially stable then you can start investing the DCA way and it will be a long-term accumulation - that's what I've been doing until now.

Yes you have to have a good plan but for me starting first is better.

It will be separate, investing will continue and I will not leave the other business because it is a source of income that must be increased because with business we can get better profits.

Be emotionally ready, be patient, don't panic and keep it up, most importantly guarantee you have an emergency fund.

Exactly if a person has money and also wants to put it into Bitcoin then he should not think deeply because in such situations he always tries to wait to see more reduction in price and when the price surges a little bit then he cancels the idea of investing in Bitcoin. I think if one wants to buy Bitcoin then he should not be so doubtful that he cannot realise the better time to invest.

We have to invest by accepting the current price without waiting for further decrease because with such hope we never become able to invest in Bitcoin and when price goes higher then we regret our past ignorance.

Invest as soon as possible if you have extra income. Don't wait until you start, if you can start now, why not. Use cold money if you want to invest in bitcoin, if you think the additional income is sufficient use the DCA method I think it will be very helpful, buy weekly or monthly set aside your money, slowly but surely don't be too pushy because it will be very risky. because investing in bitcoin is a long-term investment,