When to buy one time off bitcoin. - page 2.

GeorgeJohn

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Quote from: uchegod-21 on April 21, 2023, 02:00:16 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?

From my experience in bitcoin, theirs no specific time someone supposed know when is due or ready to invest in bitcoin, the time someone should invest in bitcoin have no specific time, normal life what we are supposed to do when we detect that bitcoin is going on bearish is to purchase more bitcoin if we have the funds, and same thing is applicable when bitcoin is in the bullish, because their is every tendency that during a bullish and you purchase bitcoin and within the intervals of one or two days the market might increase more than your expectations, so that's while I always emphasis that their's no specific time is the right time to invest in bitcoin, but new investors contradictory the investment time in bitcoin, what everyone is looking at for bitcoin investment is profit but some make it compulsory that only time you can make profit in bitcoin investment is during bearish time, I'm not kicking against time but what I know is that in bitcoin what gives profit for the Investment is the longer the investment stays until it meets with bullish market or season.

Nrcewker

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Quote from: 19Nov16 on May 08, 2023, 05:07:59 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.

South Park

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Quote from: Pierre 2 on May 09, 2023, 06:26:09 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. Remember when bitcoin was around 19-20k like a month ago or something. It was so cheap it was guarenteed to make profit there. So someone who bought around those levels made huge profits. We are in cheap price zone considering next year halving. But my own choice is below 25k. Its better to invest around that zone.

Exactly, while buying at the very bottom is the perfect moment to buy bitcoin, how many people can actually buy at that price? Just as the top only lasts for a few hours, or even minutes, the bottom is the same as well, but as long as you buy an asset that has good long term prospects and you do so for a price way below the top and its average price then you are doing a great purchase already, and then obtaining profits will just be a matter of time.

Pierre 2

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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. Remember when bitcoin was around 19-20k like a month ago or something. It was so cheap it was guarenteed to make profit there. So someone who bought around those levels made huge profits. We are in cheap price zone considering next year halving. But my own choice is below 25k. Its better to invest around that zone.

indah rezqi

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Quote from: Semar Mesem on May 09, 2023, 03:39:13 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.

Ryu_Ar1

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Quote from: 19Nov16 on May 08, 2023, 05:07:59 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.

Well, with the current conditions of course it can be very multiplied but it has happened and can't be done anymore. regret is allowed but on the other hand it is also a good lesson.
I'm too new to bitcoin to give you advice but when something like regret like this happens I prefer this to be an experience and we know that conditions like that cannot be repeated when buying bitcoin at a very low price but now profits can still be taken by continuing to be in bitcoin and believing in it.
The most important thing in this case is that you have felt considerable regret before so of course the hope is not to do the same thing a second time.

lixer

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Quote from: 19Nov16 on May 08, 2023, 05:07:59 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.

I think we all will have those kinds of regrets forever in our lives if we have been early adopters of Bitcoin but never actually held on to the assets that we had in the past because we never really knew or expected Bitcoin to become so powerful and valuable in the future, though we believed in the technology, that was a different thing.

Just like you, I also had enough Bitcoins back in the day when the price was only around $400 but I never managed to save any of it and spent it all and now I regret that why I didn't hold any of the assets that would be worth too much by now.

kro55

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Quote from: irhact on May 08, 2023, 10:15:42 AM

Quote from: Sir Legend on May 04, 2023, 09:50:13 PM

Many people say and hope they will buy a large amount of bitcoin if the price they say is reached, for example when the price is $ 25k we hear that many people will buy 10 btc when the price is below $ 20k, but when the price is $ 20k they are afraid because the price will continue to fall so they delay again, this type of investor will never invest in bitcoin and only make price predictions.

Those types of investors are very many in the market and we have all been guilty at some point because we postponed our investment because of been fearful of the market. Sometimes the price of Bitcoin can drop so fast that we begin to doubt if it'll be the best time to invest since we're scared of the price dropping further. When this doubt comes just buy and ignore it.

If you're too scared then you can DCA and that will make you not to miss buying if the price of Bitcoin falls lower. If you don't DCA then you might miss out the opportunity to buy some Bitcoin as the price mightn't fall again but continue rising and then you start blaming yourself.

DCA is a very effective solution for bitcoin investment, that way we will never miss any low price, and also profit generated will be very fast, but I don't understand why OP doesn't like this there. Without using DCA, there is really no way to know when is the best time to buy bitcoin, a one-time purchase never works for a volatile asset like bitcoin. The halving is getting closer and closer to us, which also means that the bull season is coming, if we continue to delay buying bitcoin now, we will most likely miss the opportunity.

Semar Mesem

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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.

irhact

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Quote from: Sir Legend on May 04, 2023, 09:50:13 PM

Many people say and hope they will buy a large amount of bitcoin if the price they say is reached, for example when the price is $ 25k we hear that many people will buy 10 btc when the price is below $ 20k, but when the price is $ 20k they are afraid because the price will continue to fall so they delay again, this type of investor will never invest in bitcoin and only make price predictions.

Those types of investors are very many in the market and we have all been guilty at some point because we postponed our investment because of been fearful of the market. Sometimes the price of Bitcoin can drop so fast that we begin to doubt if it'll be the best time to invest since we're scared of the price dropping further. When this doubt comes just buy and ignore it.

If you're too scared then you can DCA and that will make you not to miss buying if the price of Bitcoin falls lower. If you don't DCA then you might miss out the opportunity to buy some Bitcoin as the price mightn't fall again but continue rising and then you start blaming yourself.

Negotiation

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Investing in bitcoin will keep the faith and move forward no one knows exactly the right time to buy a cryptocurrency as volatile as bitcoin. There are different ways to approach your bitcoin acquisition and it depends on how much money you want to make and your risk tolerance rather than the timing of the purchase. Also, bitcoin halving significantly affects its price bitcoin price follows a logarithmic growth pattern. Buy and hold when it goes down and wait long term if you want to get a big profit.

Texac

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I don't think you will find the answer to your question because we all know bitcoin is unpredictable that's why we have DCA strategy. if you don't want to use DCA, it's hard to know when is the best time to buy bitcoin. but if you believe in history and if history repeats itself then this year's market will be like 2019's market. that means we still have a chance of bitcoin falling below $20k again and possibly by the end of the year. I'm not sure, but that's what happened in 2019 and 2020.

19Nov16

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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.

arimamib

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Quote from: uchegod-21 on April 21, 2023, 02:00:16 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?

I think if you use the DCA Strategy then you won't need to know when the price will drop deeper and when the price will go up more aggressively this year. Make purchases gradually every week before you really achieve a profitability in the future. I think next year's halving will trigger a significant price reaction, therefore we still have a chance to buy btc prices, in other words, below ATH.

I remember when the opportunity didn't come for the umpteenth time, so make the best of this opportunity to buy btc with the strategy you applied. Buy and hold until the halving arrives even if you hold for the long term so it's better for you to do it from now on.

gunhell16

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At the current price of Bitcoin, I think buy it now, and if it goes down again buy again, it's as simple as that. Then, with each sale you just hold until the bull run comes.

Now, regarding your question, if whether it will go down to 20k$ again, the answer is Yes, there is no specific time and day when and it may not depend on the demand and game of Bitcoin whale holders. Because no one knows what will happen to its value in the future because everything everyone says here on the forum is just speculation.

Questat

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Quote from: Swordsoffreedom on May 05, 2023, 09:57:17 PM

The ultimate goal when investing in bitcoin is profit, when and at what price is extremely important, so I also disagree with saying that there is no best time to buy. If we bought bitcoin for $69k last year, we most likely won't lose money when the next bull season comes, but we won't be profitable either, and that's a real waste of time and money. As for me, I'm still accumulating bitcoins, but when the price crosses $50k or nears the old ATH, I'll stop buying and wait instead of buying regardless because the future is unpredictable, including bitcoins.

A reason why we have this market analysis is to have some idea of when to buy and when to sell. Assuming that there is no best time to buy Bitcoin but at least buying it at a low price is more profitable compared to buying at a high price when both of them are sold at the same price. If we really have a long market experience, we certainly have the idea of when is the perfect time to buy and I would say that we still have time left before halving so probably this year is just our best chance to accumulate Bitcoin as next year it would be possibly expensive already.

South Park

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Quote from: Oasisman on May 06, 2023, 02:07:27 AM

OP was looking to enter below $20k which is more likely we're not gonna see it while we are fast approaching the Bitcoin halving. I would always suggest the DCA method if he wants to maximize the opportunity to buy at a lower price if not closer to the bottom. Now, if I'm in OP's shoes, realistically $25k is a much safer choice if I want to purchase 1 Btc all at once, otherwise I'll gonna miss everything till the next Bitcoin halving.
Bitcoin may take a dive between June and August, but it's not guaranteed though.

The OP missed their chance to buy at that price and with this in mind they need to adjust their strategy, now a price below 25k is more realistic but even then it is difficult to know if we will get to those levels soon, as each month that passes in which this does not happen the possibilities of this occurring at all drop as the halving is getting closer, so this means there is a very real possibility 28k is the best price the OP can hope to get, and if they do not invest now then they will have to once again adjust their strategy and buy bitcoin for an even higher price.

Wong Gendheng

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Bitcoin investment is a very good and profitable thing, we have the opportunity to get a big profit if you dare to take risks by buying, if we want to buy in large quantities, then I suggest storing in the private wallet, trust wallets on Android are good wallets because they provide private Key so that we can control the full bitcoin that we have.

Oasisman

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Quote from: BobK71 on May 05, 2023, 03:03:52 PM

Quote from: uchegod-21 on April 21, 2023, 02:00:16 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?

Although DCA is a good method for the purchase of Bitcoin. However, since you do not want to follow this strategy, you must take a risk. Because no one is sure when the price of Bitcoin will fall and when it will rise. In that case you have to take the decision in a specific range. If you do not follow the DCA, it won't be too much to be a problem if you invest for the long term. In this case I think the current price is not bad either. It is better to buy bitcoin from $28K to $30K. Though there may be some changes in the price because of Volatility, there is nothing to worry. Expecting the purchase of Bitcoin $20k or below is not worthy according to the time.

OP was looking to enter below $20k which is more likely we're not gonna see it while we are fast approaching the Bitcoin halving. I would always suggest the DCA method if he wants to maximize the opportunity to buy at a lower price if not closer to the bottom. Now, if I'm in OP's shoes, realistically $25k is a much safer choice if I want to purchase 1 Btc all at once, otherwise I'll gonna miss everything till the next Bitcoin halving.
Bitcoin may take a dive between June and August, but it's not guaranteed though.

Swordsoffreedom

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Quote from: pawel7777 on May 02, 2023, 05:13:51 PM

Quote from: GeorgeJohn on May 02, 2023, 03:51:04 PM

because from my understanding and experience in bitcoin, theirs no time you purchase bitcoin for investment is not best time, except that your motive of investing in bitcoin is for short term,

Really? Was buying at the ath of $68k the "best" time as well?
I get it, we are on the Bitcoin forum and (almost) everyone is pro-bitcoin, but let's not get detached from reality. Buying in at something that looks like a potential peak is not a smart move even if you're here for the long run. There's no guarantee that ath will keep getting higher every cycle or that cycles will keep repeating themselves as they did in the past. That's impossible.

The ultimate goal when investing in bitcoin is profit, when and at what price is extremely important, so I also disagree with saying that there is no best time to buy. If we bought bitcoin for $69k last year, we most likely won't lose money when the next bull season comes, but we won't be profitable either, and that's a real waste of time and money. As for me, I'm still accumulating bitcoins, but when the price crosses $50k or nears the old ATH, I'll stop buying and wait instead of buying regardless because the future is unpredictable, including bitcoins.

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