the answer to your question is simple: "always".
$ are printed faster than btc are mined... so in the end price goes up, it's inevitable.
but if you wanna time your trades, well... buy on any dip and and for now, follow what's going on with the etfs because that's what's deciding the markets.
and since there are still almost 300k btc to sell for grayscale, well let's just say that we may not be in full bull until a few months.
Topic: When is it right to invest in Bitcoin? - page 8. (Read 956 times)
There's no definite right time to invest in Bitcoin
Invest when you have the extra funds and ready psychologically to enter the market.
The plan is based on your goals and objective. You the one that can create your own plan based on your resource constraint
It's adviced not to invest more than you can bear to loss and engaging in DCA (buying in units as time goes on) wouldn't be bad.
Bitcoin investment(holding) barely require any of your time except you planning on trading
Which I would advice against
You can never tell you fully ready until you try it.
It's not impossible for the mind to deceive the you that you are ready when you ain't.
Invest lil by lil and increase as your your mind and body gets stronger against market changes.
Don't invest money that would make you desperate and sell in loss.
Invest when you have the extra funds and ready psychologically to enter the market.
The plan is based on your goals and objective. You the one that can create your own plan based on your resource constraint
It's adviced not to invest more than you can bear to loss and engaging in DCA (buying in units as time goes on) wouldn't be bad.
Bitcoin investment(holding) barely require any of your time except you planning on trading
Which I would advice against
You can never tell you fully ready until you try it.
It's not impossible for the mind to deceive the you that you are ready when you ain't.
Invest lil by lil and increase as your your mind and body gets stronger against market changes.
Don't invest money that would make you desperate and sell in loss.
:(Some people would advice that the best time to invest in bitcoin is during the bear market when the price are low. And I couldn't agree more. Another time to invest in bitcoin is when you are ready. Your readiness should be a factor. And when that time comes, you can you the Dollar-cost-Averaging method to do it.
As for planning, you need to educate yourself. Education is powerful and in cryptocurrency you need to spend time in doing your own research, setting yours goal, reading up on wallets, creating strategies to manage the risks that comes with investing in bitcoin and learning the laws and regulations of the different platforms which you may choose to buy bitcoin.
You will know when you are ready. When you can start making contributions to conversations around bitcoin and cryptocurrencies at least the fundamentals. When you do not feel like you are missing out, and when you guts tells you too.
There are so many responses to your questions that you need to read to now it all. I will recommend you read Andreas Antonopoulos, Mastering Bitcoin: Unlocking Digital Cryptocurrencies.
As for planning, you need to educate yourself. Education is powerful and in cryptocurrency you need to spend time in doing your own research, setting yours goal, reading up on wallets, creating strategies to manage the risks that comes with investing in bitcoin and learning the laws and regulations of the different platforms which you may choose to buy bitcoin.
You will know when you are ready. When you can start making contributions to conversations around bitcoin and cryptocurrencies at least the fundamentals. When you do not feel like you are missing out, and when you guts tells you too.
There are so many responses to your questions that you need to read to now it all. I will recommend you read Andreas Antonopoulos, Mastering Bitcoin: Unlocking Digital Cryptocurrencies.
This has been discussed many times before but because you are new, there is no way you would have known.
-When is it the right time to invest in bitcon?
The best time was yesterday. -How do you follow up your bitcoin investment and other businesses?
If you have other businesses that you are into while you are considering investing in Bitcoin that is a good move because investing in Bitcoin will not take away the time you have to run other businesses, it will just give you a sense of joy that you have an alternate investment in something other than your business. -What are the assurance that you are ready?
When you are emotionally ready to handle the risks with investing in bitcoins, then you are ready.
Investing in bitcoin is not something you can just start doing, proper knowledge and planning is needed. Knowing that it is best invested as a short term for beginners like me and long term for experience investors so as to make profit. As an investor, one need to have other means of earnings in other not to stagger when unforeseen occurrences comes like in the bear market(period when bitcoin price falls). Knowing all of these, my questions are:
-When is it the right time to invest in bitcon?
-How can one start planning?
-How do you follow up your bitcoin investment and other businesses?
-What are the assurance that you are ready?
-When is it the right time to invest in bitcon?
-How can one start planning?
-How do you follow up your bitcoin investment and other businesses?
-What are the assurance that you are ready?
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