When to buy one time off bitcoin. | Bitcointalksearch.org

Fesatmas

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Quote from: uchegod-21 on April 21, 2023, 01:00:16 PM

Bitcoin next halving will happen in the 1st quarter of the year 2024, which means by this time next year. People that have witnessed halving and its bull run. Please, I want to know if;

Bull run happens few months or weeks to halving
Or it happens few weeks or months after halving
Or it happens simultaneously in the week or month of halving

I want to know when exactly to buy bitcoin since I don't want to use the DCA system in this purchase. Will market see anything below $20k again?

In the case of determining Bullrun is tentative, and no one can predict it correctly, we can only speculate according to their experiences and thoughts so you really have to reconsider it when getting answers from others about this.
Can occur before Halving and after Halving, either a week or a semseter afterwards or before, it can happen at the Bullrun Bitcoin moment, this is very ambiguous and very confused to determine.
Maybe the right time to make a buying decision depends on whether you don't really need the money you will invest or not, or whether you will use the money for close needs? This will affect your investment, if you don't have a plan like that starting from today buying Bitcoin is also no problem.

Quote from: Semar Mesem on May 09, 2023, 02:39:13 AM

I think the best strategy is to buy gradually, if we have monthly income or salary then leaving around $200 to buy bitcoin is a great thing, the future potential of bitcoin will continue to rise because of more and more adoption and development from many companies.

Yes, you should use a strategy like this to maintain panic or pressure when there is a decline, but it seems that OP does not like this strategy and he wants to do it in purchases once.

beerlover

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Quote from: Ayers on May 18, 2023, 07:24:21 AM

The chances of bitcoin correcting towards $20k are slim, but that doesn't mean it won't happen. If you believe in history and think it will repeat itself, you will find that it is quite possible. In 2019, after bitcoin recovered, it also had a major correction down $5k, and if history repeats itself, it is clear that we still have a chance to buy cheaply in the coming months.
But there is no guarantee everything will repeat itself, and I agree with you that now is also a good time to buy in. It is not necessary to buy one time, but we can divide the capital to buy.

I do not think it will happen, I do not see that chance as slim but literally non-existent. I feel like it is not going to be anything but a 25k+ price for a long time and then we are going to start going up eventually. People are looking at it the wrong way though, there is no single one time off for bitcoin, there never was and there never will be because if you do that, then even if you bought at 16k, you are not going to get wealthy.

You need to keep reinvesting into bitcoin more and more whenever you get some money so that those increases makes you rich. I personally do that, I try to achieve something that will make more sense and hopefully it will one day, but during that time I keep buying to have a bigger amount of bitcoin to be able to get richer easier in the future when bitcoin price goes up.

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Quote from: bbigtart on May 20, 2023, 05:40:21 AM

As you mentioned absolutely right Bitcoin has experienced significant growth in recent years especially in 2021 and it is attracting the interest of many people. Yes, it is 90% following the last 4 year cycle trend which is not surprising as it is similar to the previous one. Don't wait for BTC to bottom again in this cycle. Anyone buying now shouldn't panic when they see these numbers and HODL over the next few years bitcoin will pass $50k.

If the desired price is $50K, I don't think it's necessary to implement HODL for the next few years. Because according to predictions from some people after seeing the rate of price recovery that occurred from the beginning of this year to this month, it looks like Bitcoin could reach $ 50K after this year or at the end of this year so holders who are waiting for that price will obviously not be too long wait although at the moment the price is still under $30K.

Quote

I myself apply the DCA strategy, it's a wise decision in buying bitcoins. Because buying bitcoins with DCA a fixed amount on a regular basis, regardless of market price fluctuations. By doing so, I was able to average better prices over time.

The strategy that you apply is actually very correct, because you yourself will never feel pressured when buying in that way. So you will also be more satisfied when you get profits when the price starts to increase, but you also don't feel panic when the price increase doesn't happen in the near future. Because true Bitcoin holders are always dedicated to holding it in the long term, not for the short term.

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Quote from: Kelvinid on May 19, 2023, 05:30:59 AM

In fact, it has started to grow last 2021 bull season and definitely, we gonna expect to double its number this coming bull season. The continuous growth of Bitcoin in every 4-year cycle brings attention to the community and brings more excitement. And to this time, we are expecting another ATH record. But we have also analyzed and set for a target price when to buy and when to sell. So, while it was not yet arrived, better not to waste our time then but to buy some and hold. We don't need to wait for the price of Bitcoin reach to $50k otherwise, I would say it was late already.

As you mentioned absolutely right Bitcoin has experienced significant growth in recent years especially in 2021 and it is attracting the interest of many people. Yes, it is 90% following the last 4 year cycle trend which is not surprising as it is similar to the previous one. Don't wait for BTC to bottom again in this cycle. Anyone buying now shouldn't panic when they see these numbers and HODL over the next few years bitcoin will pass $50k.

I myself apply the DCA strategy, it's a wise decision in buying bitcoins. Because buying bitcoins with DCA a fixed amount on a regular basis, regardless of market price fluctuations. By doing so, I was able to average better prices over time.

ancafe

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Quote from: Ayers on May 19, 2023, 07:31:45 AM

Yes, short term volatility is nothing for long term holders like us. But as a long-term investor, why don't you expect bitcoin to drop below $20k?

Speaking of long term investors definitely expect the price to drop below $20k to capitalize on the buy and also many long term investors are expecting a big price hike for now. But the problem is we are trying to analyze the movement of the bitcoin market this month, so that by calculating some conditions and market reactions, I say bitcoin is difficult to reach a price of $ 20k this month. The problem is not whether or not the price of bitcoin goes down, but rather trying to discuss the price potential this month.

Quote from: Ayers on May 19, 2023, 07:31:45 AM

I have opposite thoughts and desires from you, I want bitcoin to correct below 20k again so we can accumulate more bitcoins with the same capital. That's actually a good thing, not quite as bad as many people fear, and it's also what the OP expected.
It's been almost 1 month since this thread was created, I'm curious if OP bought bitcoin or is still waiting for another time to buy.

It's normal that we think differently because basically all of us hope to collect more bitcoins to spend on the next ATH and I'll also be waiting for additional purchases if bitcoins reach $20K going forward. Looks like the OP hasn't answered some of the replies on the previous page and probably still hasn't made a purchase for now.

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Quote from: uchegod-21 on April 21, 2023, 01:00:16 PM

Bitcoin next halving will happen in the 1st quarter of the year 2024, which means by this time next year. People that have witnessed halving and its bull run. Please, I want to know if;

Bull run happens few months or weeks to halving
Or it happens few weeks or months after halving
Or it happens simultaneously in the week or month of halving

I want to know when exactly to buy bitcoin since I don't want to use the DCA system in this purchase. Will market see anything below $20k again?

We know the Bitcoin market is booming at some times and dumping a lot at other times. There came a time when Bitcoin set a new record in its history which was a complete bull market. However, the market slowly descends from that position to a bear market. It is difficult to tell when the market will rise and when the price of Bitcoin will fall. It always depends on the buying or selling of the market, so it is not possible to say when the market will be dumping and when it will be pumping. Since you want to invest on the back, you must invest from a position when the market goes down. and the current position of the market is definitely not possible to get $20000 dollars but if you invest in the current market you will definitely get profit. And you have to keep in mind after investing when bitcoin market is ATH sell your invested Bitcoin but you can make good profit.

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Quote from: ancafe on May 19, 2023, 04:41:24 AM

Quote from: Ayers on May 18, 2023, 07:24:21 AM

The chances of bitcoin correcting towards $20k are slim, but that doesn't mean it won't happen. If you believe in history and think it will repeat itself, you will find that it is quite possible. In 2019, after bitcoin recovered, it also had a major correction down $5k, and if history repeats itself, it is clear that we still have a chance to buy cheaply in the coming months.
But there is no guarantee everything will repeat itself, and I agree with you that now is also a good time to buy in. It is not necessary to buy one time, but we can divide the capital to buy.

Such is the fluctuating nature of bitcoin prices and no one can predict it for sure, but if you look at the movements at the beginning of the year until now, I'm not so sure that in the future bitcoin will be corrected again to $ 20k and come back as you said nothing is impossible when the market corrected again. Interest rates and the economic impact may be one of the reasons for the correction, but I hope it doesn't go beyond $20k if it does.

Regardless of how the market reacts in the near future and for me it doesn't matter when we as long term holders, let alone almost close to half, so the most appropriate step is to take the approach of collecting bitcoin according to capital and the purchase timeframe can be adjusted to each individual by dividing stages to buy as you say.

Yes, short term volatility is nothing for long term holders like us. But as a long-term investor, why don't you expect bitcoin to drop below $20k? I have opposite thoughts and desires from you, I want bitcoin to correct below 20k again so we can accumulate more bitcoins with the same capital. That's actually a good thing, not quite as bad as many people fear, and it's also what the OP expected.
It's been almost 1 month since this thread was created, I'm curious if OP bought bitcoin or is still waiting for another time to buy.

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Quote from: lepbagong on May 18, 2023, 12:53:55 AM

Quote from: 19Nov16 on May 08, 2023, 04:07:59 AM

Early 2015 my first experience buying bitcoin was at coinbase, at that time they only accepted purchases via credit card and i bought 2 btc which i planned for cloud mining and gambling, at that time the price of 1 btc was around $235, of course if i hold on until now i can get a lot of profit.

many were at the same time as you, friend, many did not predict that the price of bitcoin would increase sharply in just a few halving periods. but when the last ATH in 2017 many started to understand and started investing in bitcoin, maybe now more people know more and it's not surprising that everyone is competing to keep buying and saving.

In fact, it has started to grow last 2021 bull season and definitely, we gonna expect to double its number this coming bull season. The continuous growth of Bitcoin in every 4-year cycle brings attention to the community and brings more excitement. And to this time, we are expecting another ATH record. But we have also analyzed and set for a target price when to buy and when to sell. So, while it was not yet arrived, better not to waste our time then but to buy some and hold. We don't need to wait for the price of Bitcoin reach to $50k otherwise, I would say it was late already.

ancafe

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Quote from: Ayers on May 18, 2023, 07:24:21 AM

The chances of bitcoin correcting towards $20k are slim, but that doesn't mean it won't happen. If you believe in history and think it will repeat itself, you will find that it is quite possible. In 2019, after bitcoin recovered, it also had a major correction down $5k, and if history repeats itself, it is clear that we still have a chance to buy cheaply in the coming months.
But there is no guarantee everything will repeat itself, and I agree with you that now is also a good time to buy in. It is not necessary to buy one time, but we can divide the capital to buy.

Such is the fluctuating nature of bitcoin prices and no one can predict it for sure, but if you look at the movements at the beginning of the year until now, I'm not so sure that in the future bitcoin will be corrected again to $ 20k and come back as you said nothing is impossible when the market corrected again. Interest rates and the economic impact may be one of the reasons for the correction, but I hope it doesn't go beyond $20k if it does.

Regardless of how the market reacts in the near future and for me it doesn't matter when we as long term holders, let alone almost close to half, so the most appropriate step is to take the approach of collecting bitcoin according to capital and the purchase timeframe can be adjusted to each individual by dividing stages to buy as you say.

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Quote from: Nrcewker on May 15, 2023, 08:27:59 AM

Quote from: 19Nov16 on May 08, 2023, 04:07:59 AM

Early 2015 my first experience buying bitcoin was at coinbase, at that time they only accepted purchases via credit card and i bought 2 btc which i planned for cloud mining and gambling, at that time the price of 1 btc was around $235, of course if i hold on until now i can get a lot of profit.

Yes this example will again be shown to other peoples when Bitcoins will be revolving at 75k usd. At that time people will quote example of this time. Many of us will say that, there was a time when BTC costed 30k usd and we bought plenty. So yes it only proves that we have always underestimated the price of Bitcoins. And it also proves that Bitcoins have lot of potential and it’s very rare. So Op don’t look for better prices, and buy Bitcoins whenever you can.

It will happen again but there is a big difference already in terms of price. The price before is very cheap compared to now and I don't think those times will ever repeat. If let say bitcoin able to fall that low, I don't think people will feel happy about it but they will feel skeptical and nervous because it is an unusual dip anymore.

Maybe the dip will just continue till the price goes to zero. For now we should erase that thoughts as we are likely going to move forward not backwards. Let's not make the same mistakes and regret again for those who haven't bought bitcoin before when they have the chance so that we can create a good story and memory later on.

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Quote from: Ayers on May 18, 2023, 07:24:21 AM

The chances of bitcoin correcting towards $20k are slim, but that doesn't mean it won't happen.

I completely agree because there is no consensus that can really confirm market moves to date.
Everyone has different ideas and opinions about how they interpret current price movements. I'm not too sure about the $20k possibility, while some may believe it's coming.

Quote from: Ayers on May 18, 2023, 07:24:21 AM

If you believe in history and think it will repeat itself, you will find that it is quite possible. In 2019, after bitcoin recovered, it also had a major correction down $5k, and if history repeats itself, it is clear that we still have a chance to buy cheaply in the coming months.
But there is no guarantee everything will repeat itself, and I agree with you that now is also a good time to buy in. It is not necessary to buy one time, but we can divide the capital to buy.

It is likely that lower prices will exist if the market is subject to an external impact due to the economy or interest rate adjustments. But anyway, I think bitcoin investor interest may be much higher to build their investment portfolio and that will push the price higher ahead of the 2024 halving.

I don't ignored buy opportunities when I have the budget to do so, but I think I'll implement DCA instead of going all-in in one fell swoop. This allows me to get better low averages instead of all-ins.

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Quote from: lepbagong on May 18, 2023, 12:53:55 AM

many were at the same time as you, friend, many did not predict that the price of bitcoin would increase sharply in just a few halving periods. but when the last ATH in 2017 many started to understand and started investing in bitcoin, maybe now more people know more and it's not surprising that everyone is competing to keep buying and saving.

during ATH 2017 many people were new to Bitcoin and corrections occurred slowly until finally in 2021 surprisingly Bitcoin returned to ATH.
now many people believe and will not panic anymore when there is a slight correction because if you look at history from the past, the price of Bitcoin sooner or later is always able to recover.

Quote from: Ayers on May 18, 2023, 07:24:21 AM

If you want to make big profits according to the next ATH this is the right time and even though bitcoin will no longer correct to $20k and below. Halvings are also likely to occur at much larger numbers and even though there is no guarantee, if you pay attention, each halving will definitely give birth to a new price from the previous ATH.

The current purchase calculation will also generate big profits for you. I doubt bitcoin will return to the price of $ 20k and even if it does it is possible in the next two months, but there seems very little chance of a correction to $20k below that.

if you look at what happened a long time ago then of course now is the right time.
but apart from that I only saw Bitcoin price movements throughout 2023 and I thought and predicted that there would be no more low prices, I said so after seeing that no significant movements had occurred and the corrections that occurred after the increase was not so long and deep so I'm thinking if it isn't or isn't a spike hitting a high that means it's a good time to buy.

I agree with you that this year the possibility of bitcoin to be corrected to $ 20k is very slim, look at the correction that is happening right now, there has been a decline in the price for several weeks but it is not that deep.

Ayers

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Quote from: ancafe on May 18, 2023, 03:35:49 AM

Quote from: uchegod-21 on April 21, 2023, 01:00:16 PM

I want to know when exactly to buy bitcoin since I don't want to use the DCA system in this purchase. Will market see anything below $20k again?

If you want to make big profits according to the next ATH this is the right time and even though bitcoin will no longer correct to $20k and below. Halvings are also likely to occur at much larger numbers and even though there is no guarantee, if you pay attention, each halving will definitely give birth to a new price from the previous ATH.

The current purchase calculation will also generate big profits for you. I doubt bitcoin will return to the price of $ 20k and even if it does it is possible in the next two months, but there seems very little chance of a correction to $20k below that.

The chances of bitcoin correcting towards $20k are slim, but that doesn't mean it won't happen. If you believe in history and think it will repeat itself, you will find that it is quite possible. In 2019, after bitcoin recovered, it also had a major correction down $5k, and if history repeats itself, it is clear that we still have a chance to buy cheaply in the coming months.
But there is no guarantee everything will repeat itself, and I agree with you that now is also a good time to buy in. It is not necessary to buy one time, but we can divide the capital to buy.

ancafe

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Quote from: uchegod-21 on April 21, 2023, 01:00:16 PM

Bitcoin next halving will happen in the 1st quarter of the year 2024, which means by this time next year. People that have witnessed halving and its bull run. Please, I want to know if;

Bull run happens few months or weeks to halving
Or it happens few weeks or months after halving
Or it happens simultaneously in the week or month of halving

Usually six months before reaching the halving bitcoin will rise slowly and this sign can also appear and be accompanied by a small correction on its way as is happening now, almost no one can guarantee about certainty but people calculate the whole cycle and predict randomly based on previous pattern.

It could be that you have to wait in the last two months of this year how the reaction will occur. But for me it doesn't really matter because if we hold on to cycles then the potential for bitcoin to reach a halving is getting closer and we have to act for all possibilities for its utilization.

Quote from: uchegod-21 on April 21, 2023, 01:00:16 PM

I want to know when exactly to buy bitcoin since I don't want to use the DCA system in this purchase. Will market see anything below $20k again?

If you want to make big profits according to the next ATH this is the right time and even though bitcoin will no longer correct to $20k and below. Halvings are also likely to occur at much larger numbers and even though there is no guarantee, if you pay attention, each halving will definitely give birth to a new price from the previous ATH.

The current purchase calculation will also generate big profits for you. I doubt bitcoin will return to the price of $ 20k and even if it does it is possible in the next two months, but there seems very little chance of a correction to $20k below that.

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Quote from: 19Nov16 on May 08, 2023, 04:07:59 AM

Early 2015 my first experience buying bitcoin was at coinbase, at that time they only accepted purchases via credit card and i bought 2 btc which i planned for cloud mining and gambling, at that time the price of 1 btc was around $235, of course if i hold on until now i can get a lot of profit.

many were at the same time as you, friend, many did not predict that the price of bitcoin would increase sharply in just a few halving periods. but when the last ATH in 2017 many started to understand and started investing in bitcoin, maybe now more people know more and it's not surprising that everyone is competing to keep buying and saving.

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Quote from: fzkto on May 16, 2023, 10:32:39 AM

It all depends on how long you are prepared to wait. Of course it is good to have extra money to be able to buy again. But for example if you bought in 2017 at 15k or 18k and didn't sell for 4 years, you could sell in 2021 with a good profit. And if you don't have patience, you can lose money even if you bought bitcoin partly.

The profit will obviously depend on how long you can wait but it also depends on what price you've bought at, if you buy at $23k at once, and then the price touches $19k before it goes back to $29k, now when you book profit at $29k, you will surely have some profit but you could have more profit if you had done DCA and also bought some at $19k since that would've provided you with a better buying average overall.

Buying at once is good but only if you can correctly predict the bottom and the price starts going up right from the point where you've bought, that is when buying all at once works the best but since it is not possible to perfectly time the market, it is better to do DCA.

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Quote from: SirLancelot on May 16, 2023, 01:21:23 AM

Quote from: indah rezqi on May 09, 2023, 04:28:28 PM

Quote from: Semar Mesem on May 09, 2023, 02:39:13 AM

I think the best strategy is to buy gradually,

Not forever, I mean it really depends on market conditions. If in 1 day you see bitcoin down 10%, then buy as much as you want and it's still fine if you buy with your whole budget. Such a decline is just a response of traders to panic, but rest assured the price will recover after some time when many investors enter and buy low.

Buying in increments or maybe DCA is good, but only if you believe that prices are likely to drop lower than your first purchase price. There are times when you buy with DCA and there are times when you buy with a lump sum, so get to know those well instead of relying on just one buying strategy.

What if the price drops 5% more after you have bought with all your budget at once? You won't be able to buy more and you will obviously regret buying all at once as you could get some at a lower price if you were a bit patient but since no one can stay patient in such situations, that's why doing DCA is the best way to go within such times.

When you do DCA, you leave no room for regret since you will be buying some at every price interval, and by the end of the dip or when your budget has been exhausted, you will have a pretty good buying average already.

It all depends on how long you are prepared to wait. Of course it is good to have extra money to be able to buy again. But for example if you bought in 2017 at 15k or 18k and didn't sell for 4 years, you could sell in 2021 with a good profit. And if you don't have patience, you can lose money even if you bought bitcoin partly.

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Quote from: indah rezqi on May 09, 2023, 04:28:28 PM

Quote from: Semar Mesem on May 09, 2023, 02:39:13 AM

I think the best strategy is to buy gradually,

Not forever, I mean it really depends on market conditions. If in 1 day you see bitcoin down 10%, then buy as much as you want and it's still fine if you buy with your whole budget. Such a decline is just a response of traders to panic, but rest assured the price will recover after some time when many investors enter and buy low.

Buying in increments or maybe DCA is good, but only if you believe that prices are likely to drop lower than your first purchase price. There are times when you buy with DCA and there are times when you buy with a lump sum, so get to know those well instead of relying on just one buying strategy.

What if the price drops 5% more after you have bought with all your budget at once? You won't be able to buy more and you will obviously regret buying all at once as you could get some at a lower price if you were a bit patient but since no one can stay patient in such situations, that's why doing DCA is the best way to go within such times.

When you do DCA, you leave no room for regret since you will be buying some at every price interval, and by the end of the dip or when your budget has been exhausted, you will have a pretty good buying average already.

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Quote from: uchegod-21 on April 21, 2023, 01:00:16 PM

Bitcoin next halving will happen in the 1st quarter of the year 2024, which means by this time next year. People that have witnessed halving and its bull run. Please, I want to know if;

Bull run happens few months or weeks to halving
Or it happens few weeks or months after halving
Or it happens simultaneously in the week or month of halving

I want to know when exactly to buy bitcoin since I don't want to use the DCA system in this purchase. Will market see anything below $20k again?

That first quarter you are mentioning is also a speculation, because the halving might come even at the fourth quarter of this year then the bull kick at the first quarter of the year 2024. The last halving I met was before the bull. Even this flustration bear and little bull period. We can see that it is the small halving always before nthe little bull, so we can still keep it at that.
As for the time to buy bitcoin, it is good to buy when bitcoin is on the bearish market so you can make Profit or gain whenever the price goes up.

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Quote from: Pierre 2 on May 09, 2023, 05:26:09 PM

It is nearly impossible to find perfect time to buy enough Bitcoin. Its chronic issue with investing in financial markets. You will never hit perfect time. So you shoud rather focus on accumulating at terrible market conditions.

This is a cliché, but it's probably the only good advise one can give. People are posting questions about good time to buy or sell hoping for some collective wisdom, but financial markets are not ruled by democracy and majority often gets it wrong.

Quote from: Pierre 2 on May 09, 2023, 05:26:09 PM

Remember when bitcoin was around 19-20k like a month ago or something. It was so cheap it was guarenteed to make profit there.

But back then no one knew when the price was going to go and the market mood was not very high. Saying "you should've bought then" while looking at the past charts is easy, predicting the future is a whole different game.

Topic: When to buy one time off bitcoin. (Read 811 times)