When is the best time to invest in Bitcoin?

Wakate

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Quote from: MAAManda on October 05, 2024, 03:27:27 AM

Quote from: wheelz1200 on October 04, 2024, 05:07:35 PM

Quote from: MAAManda on October 04, 2024, 12:24:31 PM

Agree with you, there's no such thing as a perfect time to buy Bitcoin (BTC), buy and own Bitcoin (BTC) as soon as you can is the best sentence. But if we compare the price during bear market & bull market, it would be better to buy it during bear market Cheesy

. However, I personally will definitely not hesitate in deciding when to buy it, I'll buy it at any price (as long as it is still affordable), because Bitcoin (BTC) has been tested in the market.

Agreed. Trying to hit the bottoms amd tops is almost impossible in crypto. I know people use technical analysis but I find it only half useful. My position is always trying to hit the 25% bottoms and 25 % from the tops. Hitting the exact peaks and valleys isn't important in the long run. I always recommend dollar cost averaging for people who aremt exactly sure.

No one should disagree, the market is one of the things that's difficult to predict, especially the market instrument is the crypto market which has a high level of fluctuation when compared to other market instruments. Since Bitcoin has the theory of rainbow chart, it is the right choice for people who still have doubts to choose DCA as their Bitcoin (BTC) purchasing method or strategy, one day they will surely profit from it.

The market is not easy to analyze that is why we need to have signals from big whales or crypto traders for us to trade in the market successful making some huge profits. Sometimes trading is not everything but buying and holding good tokens in the market for a bigger reward. The best time to buy in the market is when the price of Bitcoin is falling and everyone keeps complaining about their cryptocurrency losing values so we can sell when the price if Bitcoin is up or in a bill market. The price of Bitcoin is not easy to predict but we need some trading tools to be able to understand the market.

Accardo

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Quote from: Odusko on October 04, 2024, 06:45:25 PM

The worst time to accumulate bitcoin is always when bitcoin price is high, at least this is the most prevalent point that any investor will simply auto lose when you adopt such approach, so it best to understand the fact and what you mean to be a bear market, some bitcoin investors take a short term bitcoin discount price event to mean a good buying time, although for trader's, this could work, but for a long term bitcoin investors, such an approach will definitely lead to long term loses for you as an investor.

Unless you seek high profits, bitcoin will remain profitable, notwithstanding the amount you purchased. It'll only require time for the benefits to emerge. For instance, in 2017 those who bought at 19k thought they bought at the wrong time. Now, watch the difference. However, traders would want to buy during the bear market, and go bullish. Gradually, long term investors make bulky profits.

justdimin

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Quote from: Cryptocrit on October 03, 2024, 01:58:23 AM

Global economic events significantly impact on Bitcoin's price. Changes in interest rates, geopolitical tensions, and the overall market sentiment can cause Bitcoin's value to fluctuate wildly. For instance, during periods of economic instability, some investors turn to Bitcoin as a safe haven, driving up its price.

Regulatory developments are another critical factor. Government policies and regulations can either boost or hinder Bitcoin's adoption and value. Positive regulatory news can lead to price increases, while restrictive policies can cause sharp declines. Keeping an eye on regulatory changes is crucial for any potential investor.

I agree with others and think we should not wait for anything, just buy and hold, that is enough. Best time to invest into bitcoin is now, always keep investing, doesn't matter if the price goes down doesn't matter if it goes up, always keep investing. That should make it a lot more interesting for you and you could make some good profit from it as well.

I understand it may not be great for everyone, but we could still make this work, we are going to see this growing a lot better with time if we know what we are dealing with. Too many people end up with a great return if they end up buying more and more, just waiting for the price to go up could fix all of the problems and would make it easy to invest very quickly without worry.

MAAManda

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Quote from: wheelz1200 on October 04, 2024, 05:07:35 PM

Quote from: MAAManda on October 04, 2024, 12:24:31 PM

Agree with you, there's no such thing as a perfect time to buy Bitcoin (BTC), buy and own Bitcoin (BTC) as soon as you can is the best sentence. But if we compare the price during bear market & bull market, it would be better to buy it during bear market Cheesy

. However, I personally will definitely not hesitate in deciding when to buy it, I'll buy it at any price (as long as it is still affordable), because Bitcoin (BTC) has been tested in the market.

Agreed. Trying to hit the bottoms amd tops is almost impossible in crypto. I know people use technical analysis but I find it only half useful. My position is always trying to hit the 25% bottoms and 25 % from the tops. Hitting the exact peaks and valleys isn't important in the long run. I always recommend dollar cost averaging for people who aremt exactly sure.

No one should disagree, the market is one of the things that's difficult to predict, especially the market instrument is the crypto market which has a high level of fluctuation when compared to other market instruments. Since Bitcoin has the theory of rainbow chart, it is the right choice for people who still have doubts to choose DCA as their Bitcoin (BTC) purchasing method or strategy, one day they will surely profit from it.

X-ray

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Quote from: letteredhub on October 04, 2024, 07:34:33 PM

I remember when sometimes in mid 2022 when bitcoin price fell to about $20k and now comparing the price of bitcoin today where it's hovering around $60-61k . The truth of the matter is that those that invested at that mid 2022 won't have any worries with what the price is doing right now as they are already in good significant profit because they bought at a significantly low price period. So I agree with you, it's just to stay patient wait when the bears come again and buy very low and wait for another bull run circle again to take profit.

Definitely, bearish cycle when fear and greed index is at its lowest will always be the best time to accumulate.
but I still remember back then when BTC hits $20k so many people actually saying that bitcoin is doomed, the bubble has popped and some things like that and in the end, very few people actually accumulate.
could see the same scenario playing out again, the trading volume reaching really low when bearish hits for a reason, mainly because average retailer too afraid to enter the market and make initiative.

hopefully though I can just bag some BTC in the future bearish cycle if any, since I started to think that maybe there won't be any bearish cycle and BTC will only range around $50k since we've got exposure to ETF anyway and my big bet is, institutional investors won't let the price of BTC plummet below their entry price after we've reached $100k. unless they escaped the market of course.

letteredhub

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Quote from: Oshosondy on October 03, 2024, 02:16:47 AM

Quote from: Cryptocrit on October 03, 2024, 01:58:23 AM

Global economic events significantly impact on Bitcoin's price. Changes in interest rates, geopolitical tensions, and the overall market sentiment can cause Bitcoin's value to fluctuate wildly. For instance, during periods of economic instability, some investors turn to Bitcoin as a safe haven, driving up its price.

You do not need to disturbed yourself with all these if you want invest in bitcoin. The best strategy is to be very patient, wait let the bear market comes, let the bitcoin price fall very well over long period of time. Then you can invest in bitcoin. You will later notice that those that you mention will only temporary have impact on the price. If you buy at a significantly low prices you will make money from holding bitcoin.

I remember when sometimes in mid 2022 when bitcoin price fell to about $20k and now comparing the price of bitcoin today where it's hovering around $60-61k . The truth of the matter is that those that invested at that mid 2022 won't have any worries with what the price is doing right now as they are already in good significant profit because they bought at a significantly low price period. So I agree with you, it's just to stay patient wait when the bears come again and buy very low and wait for another bull run circle again to take profit.

Odusko

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Quote from: Accardo on October 04, 2024, 10:15:46 AM

There is no worse time to accumulate bitcoin, but the worst of it is not buying at all or not intending to purchase bitcoin anytime soon. However, from the responses above, I'd recommend the bear season as the best moment to buy bitcoin and hold. Though, if the person is not sure of their finances when it's bearish, they could buy at the bull run, given that they'll not spend for a longer duration.

The worst time to accumulate bitcoin is always when bitcoin price is high, at least this is the most prevalent point that any investor will simply auto lose when you adopt such approach, so it best to understand the fact and what you mean to be a bear market, some bitcoin investors take a short term bitcoin discount price event to mean a good buying time, although for trader's, this could work, but for a long term bitcoin investors, such an approach will definitely lead to long term loses for you as an investor.
The quest to make the gain when market take a positive rapid direction such as in the bull market, is one sure way to lose because at that point, you are not using your technical knowledge and rather you based on emotions to make your decision based on the current happening, mean while if you take a deeper look at the long term chart you should have discovered the red spot in such investment position.

wheelz1200

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Quote from: MAAManda on October 04, 2024, 12:24:31 PM

Quote from: Accardo on October 04, 2024, 10:15:46 AM

There is no worse time to accumulate bitcoin, but the worst of it is not buying at all or not intending to purchase bitcoin anytime soon. However, from the responses above, I'd recommend the bear season as the best moment to buy bitcoin and hold. Though, if the person is not sure of their finances when it's bearish, they could buy at the bull run, given that they'll not spend for a longer duration.

Agree with you, there's no such thing as a perfect time to buy Bitcoin (BTC), buy and own Bitcoin (BTC) as soon as you can is the best sentence. But if we compare the price during bear market & bull market, it would be better to buy it during bear market Cheesy

. However, I personally will definitely not hesitate in deciding when to buy it, I'll buy it at any price (as long as it is still affordable), because Bitcoin (BTC) has been tested in the market.

Agreed. Trying to hit the bottoms amd tops is almost impossible in crypto. I know people use technical analysis but I find it only half useful. My position is always trying to hit the 25% bottoms and 25 % from the tops. Hitting the exact peaks and valleys isn't important in the long run. I always recommend dollar cost averaging for people who aremt exactly sure.

Z_MBFM

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Quote from: Oshosondy on October 03, 2024, 02:16:47 AM

Quote from: Cryptocrit on October 03, 2024, 01:58:23 AM

Global economic events significantly impact on Bitcoin's price. Changes in interest rates, geopolitical tensions, and the overall market sentiment can cause Bitcoin's value to fluctuate wildly. For instance, during periods of economic instability, some investors turn to Bitcoin as a safe haven, driving up its price.

You do not need to disturbed yourself with all these if you want invest in bitcoin. The best strategy is to be very patient, wait let the bear market comes, let the bitcoin price fall very well over long period of time. Then you can invest in bitcoin. You will later notice that those that you mention will only temporary have impact on the price. If you buy at a significantly low prices you will make money from holding bitcoin.

A look at the Bitcoin price chart from beginning to end shows how Bitcoin follows a four-year cycle and how long after forming a new ATH, the price of Bitcoin starts to decline and by what percentage it has fallen. By analyzing these things, a prediction can be made as to when the price of Bitcoin can fall and if you buy Bitcoin in that down market and hold it patiently for a long time, you can get a good amount of profit from Bitcoin. It is not a very difficult task like trading. So anyone can do it but it requires a lot of patience

SmartGold01

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Quote from: Cryptocrit on October 03, 2024, 01:58:23 AM

Market sentiment is a powerful driver of Bitcoin's price. Investor confidence and speculation can cause significant price swings.

Of course news and information influences the market so severely because there are lot of people with fairy tells and giving speculation to price at same time affecting the small investors who doesn't understand how the forces works. A simple news can stir up the price to affect it positively or negatively but what really matters is the right time to invest, hold and sell since most of the news are unverified or from unreliable site and sources. A bitcoin enthusiast understand how the bitcoin market works and are mostly focusing on their investment plan could be years before their maturity, with this they are hardly being moved or influence by unauthorized news source.

MAAManda

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Quote from: Accardo on October 04, 2024, 10:15:46 AM

There is no worse time to accumulate bitcoin, but the worst of it is not buying at all or not intending to purchase bitcoin anytime soon. However, from the responses above, I'd recommend the bear season as the best moment to buy bitcoin and hold. Though, if the person is not sure of their finances when it's bearish, they could buy at the bull run, given that they'll not spend for a longer duration.

Agree with you, there's no such thing as a perfect time to buy Bitcoin (BTC), buy and own Bitcoin (BTC) as soon as you can is the best sentence. But if we compare the price during bear market & bull market, it would be better to buy it during bear market Cheesy

. However, I personally will definitely not hesitate in deciding when to buy it, I'll buy it at any price (as long as it is still affordable), because Bitcoin (BTC) has been tested in the market.

Accardo

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There is no worse time to accumulate bitcoin, but the worst of it is not buying at all or not intending to purchase bitcoin anytime soon. However, from the responses above, I'd recommend the bear season as the best moment to buy bitcoin and hold. Though, if the person is not sure of their finances when it's bearish, they could buy at the bull run, given that they'll not spend for a longer duration.

Alexandros Tziolisis

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Quote from: salad daging on October 03, 2024, 02:20:41 PM

Make sure you are ready with the finances you have - then buy bitcoin regularly in a weakened bitcoin state it will be better and most importantly you can be consistent and patient in waiting a long time because investing is certainly a goal not 1-2 years but with a minimum of 1 5-year cycle.

No money no action.. Grin

I think we are right. we must be ready with the finances we have if need buy more BTC to accumulate because commenting alone is not enough to give encouragement without doing it.

FortuneFollower

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Quote from: Tmoonz on October 04, 2024, 05:29:28 AM

Firstly, I don't think this topic belongs here, yeah it could have been more better in a Bitcoin discussion board or threads hence it seems to be off since this board emphasis or prioritize talking about other digital currency other than Bitcoin itself but however, this particular topic has been created over and over again and I must say with a direct answer which is, any one ever considering venturing in to Bitcoin must have that personal conviction of seeing Bitcoin as a coin worth investing on irrespective of the negativity towards it, you also have to look at the positive side of it, Bitcoin has already overcome a lot for it to be where it is today, considering when is the right time I must say that the right time is whenever you figure out that you have am amount that is readily available for investment, get the fucking started and figure out other things along the way, the dca strategy have numerous benefits which includes getting in to the market without any form of timing, the market can be very uncertain hence, timing the market is not necessary especially for a newbie investor.

Yeah, it boils down to whether you have skin in the game or not, as I've read on one of the threads Grin

If you do believe in BTC, what it stands for, and that it would be profitable, get started! Learn, adapt, invest, and don't forget to have a stable source of income for the time being.
And await the cycles to change like the cycles of nature to see the boons of your deeds.

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Quote from: Cryptocrit on October 03, 2024, 01:58:23 AM

Market sentiment is a powerful driver of Bitcoin's price. Investor confidence and speculation can cause significant price swings.

Many of us frequently ask this question, but deciding the best time to invest in Bitcoin can be challenging due to the cryptocurrency market's notorious volatility. Unlike traditional investments, Bitcoin's price is influenced by a wide range of factors, making it hard to pinpoint an ideal entry time. Understanding these factors can help you make a more informed decision.

Global economic events significantly impact on Bitcoin's price. Changes in interest rates, geopolitical tensions, and the overall market sentiment can cause Bitcoin's value to fluctuate wildly. For instance, during periods of economic instability, some investors turn to Bitcoin as a safe haven, driving up its price.

Regulatory developments are another critical factor. Government policies and regulations can either boost or hinder Bitcoin's adoption and value. Positive regulatory news can lead to price increases, while restrictive policies can cause sharp declines. Keeping an eye on regulatory changes is crucial for any potential investor.

https://www.cryptocrit.xyz/2024/09/when-is-best-time-to-invest-in-bitcoin.html

Firstly, I don't think this topic belongs here, yeah it could have been more better in a Bitcoin discussion board or threads hence it seems to be off since this board emphasis or prioritize talking about other digital currency other than Bitcoin itself but however, this particular topic has been created over and over again and I must say with a direct answer which is, any one ever considering venturing in to Bitcoin must have that personal conviction of seeing Bitcoin as a coin worth investing on irrespective of the negativity towards it, you also have to look at the positive side of it, Bitcoin has already overcome a lot for it to be where it is today, considering when is the right time I must say that the right time is whenever you figure out that you have am amount that is readily available for investment, get the fucking started and figure out other things along the way, the dca strategy have numerous benefits which includes getting in to the market without any form of timing, the market can be very uncertain hence, timing the market is not necessary especially for a newbie investor.

wheelz1200

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I mean it's always the best time to invest into bitcoin. We are pretty much near the all time high or close enough. So pretty much anyone who bought amd held bitcoin since 2009 made the right decision to buy. That trajectory up is incredible and is no where near the top. If ypu are cautious than just dollar cost average your way in over time. But ypu don't want to be on the sidelines for this next bull run.

passwordnow

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Just accept it that the best time to invest in Bitcoin is when you are ready and have the money. The market is so confusing that you'll have to think of when the best time is. But as you're trying to find it out when's the right time, you might end up not finding it because you're looking for a perfect timing and that's hard to see. So, upon that acceptance, the market is also like that at all times, very volatile. You don't have to be so very good in looking at the charts or so. Just make yourself deal with the volatility, have the money ready and buy it when you seem prepared already. And like now, when there's already a slash of $6k from the current price that we have for this week. That's already the right time to buy it. Don't figure it out when the best time is, but figure out when your best time is to buy.

Wiwo

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Quote from: Oshosondy on October 03, 2024, 02:16:47 AM

Quote from: Cryptocrit on October 03, 2024, 01:58:23 AM

Global economic events significantly impact on Bitcoin's price. Changes in interest rates, geopolitical tensions, and the overall market sentiment can cause Bitcoin's value to fluctuate wildly. For instance, during periods of economic instability, some investors turn to Bitcoin as a safe haven, driving up its price.

You do not need to disturbed yourself with all these if you want invest in bitcoin. The best strategy is to be very patient, wait let the bear market comes, let the bitcoin price fall very well over long period of time. Then you can invest in bitcoin. You will later notice that those that you mention will only temporary have impact on the price. If you buy at a significantly low prices you will make money from holding bitcoin.

The big question is, when is ithe bear market and how do we know we are in a bitcoin bear market, this is very important to know instead of just advising ops to just wait, because to some, the current price is a bear price and good for them to open a position in bitcoin, and to others, this may be some high price even as bitcoin dropped from 65k+ to around 59k in the last 24 hours.

But then let me not forget to mention that ops have this thread on the wrong board, since the topic borders on. Bitcoin price speculation it should be move to bitcoin speculations board.

Cryptoababe

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For me, I think the best time to buy Bitcoin is when your instinct tells you that it has bottomed. However, your instinct will always be wrong. Therefore, it's better to have a DCA plan in place instead of trying to get the best time to buy Bitcoin.

salad daging

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Indeed, bitcoin goes up a lot with its factors, but if you start then that's not what you should think about now, how you are mentally ready to invest and you must have a strategy in investing whether DCA or by buying a lump sum.

Make sure you are ready with the finances you have - then buy bitcoin regularly in a weakened bitcoin state it will be better and most importantly you can be consistent and patient in waiting a long time because investing is certainly a goal not 1-2 years but with a minimum of 1 5-year cycle.

Topic: When is the best time to invest in Bitcoin? (Read 238 times)