When to buy one time off bitcoin. - page 3.

ilovealtcoins

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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?

Historically, bull runs occurred a year after the halving, whether things will change or not is unknown. If history repeats itself, you still have a buying opportunity. Because in 2019 bitcoin also recovered quickly but still ended up falling to $4k and causing the altcoin market to almost die. But gradually accumulating is also a good idea, why not like it?

Furious 7

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Quote from: Joshapat on May 03, 2023, 06:44:35 AM

The price of bitcoin will always fluctuate, there is no history that in a month or 30 days the price continues to rise without any decline, this is of course a good opportunity for us to get profit at any time, there is no good time to buy, but if we buy immediately then this gives us the opportunity to get profit.

This is something that must be realized because the concept of buying at a low price and selling at a high price is also not as beautiful as imagined, so it is clear that momentum must be utilized.
The momentum has been there since the last few years and even we were given more discounts when we were at $ 15k before so indeed when talking about the best time actually I still feel that any opportunity when we have more money especially when bitcoin is experiencing a correction is something good .

But on the other hand it depends on the people who are here as well because there are indeed different understandings of the best time, such as some who wait quite a long time for a low price as desired, some take advantage of the momentum when prices experience corrections and add to their portfolios and there is also a DCA.
Everything is not wrong because they have their own vision.

BobK71

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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.

pawel7777

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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.

That's so true. The psychology of an average armchair investor is full of flaws. We like to think of ourselves that are actions are logic-based but the reality is we're primarily driven by basic emotional instincts like fear or greed.
I'd add to that that people are often just too afraid to pull a trigger and take actions and will search for excuse (i.e. waiting for the "right" price) to delay making a decision and executing it.

Sir Legend

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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.

STT

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Theres a good sequence of higher lows and till the last month or so higher highs. However we've been held back in a fairly clear way, its not possible to know for certain if its due to break upwards or weakness will appear. We have pulled back some and then recovered higher, I would guess we are positive and able to continue to do so however the whole year I did not think will register as an outstanding bullish year.

This is quite stagnant in summary though we moved, the resolution was sideways which was my view for 2023 not negative but alot of work to be done in working through volume from prior years it cannot be forgotten only revised.

Ojima-ojo

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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?

Fact is no one is certain as at when the next bull market will happen even after Bitcoin halving, so no one can tell you if it will be bull in one week after halving or one year after the halving but one thing you should know from the economic point of views about Bitcoin halving is.

Bitcoin halving means the block size will be decreased meaning the total number of Bitcoin given as rewards to miners and in circulation will be reduced, and so since scarcity equals an increase in value so that is why Price increase is always expected after every halving since the supply will reduce thereby making bitcoin scarce.

But how and when the demand will sore that will force the price of Bitcoin to increase thereby leading to ATH still remain unknown to all of us.

But if you ask me, the best time to buy Bitcoin is when the price is low and that is buying any significant dip before the halving.

sana54210

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Quote from: EarnOnVictor on May 04, 2023, 10:08:12 AM

It seems you are reasoning like me, I'm so curious these days in preparing for the 2024 drama. Nonetheless, my advice for you is to learn how to study your Bitcoin chart very well, all the answers you need are there. I recommend you use both weekly and monthly charts for effective studies.

Still, let me try to answer your questions:

No one yet knows the exact date of the 2024 halving or promises the same reaction, but judging by what happened in the last one, the pump started in April (a month before the halving). I guess it was due to FOMO, but was never significant like what started in October of the same year. There are months that ended bearish before the October pump that lasted till 2021.

This calls for wisdom, one should have started buying as early as April or even March and leave it for at least 9 months.

I would guess that April or may will be the month, there is no "exact" but that is as good as it gets. It means that we have about a year left, and you could start buying right now, since we do not need the exact date and hour when that will happen, we could start buying right now, that should not really be an issue.

I hope that people would realize before it's too late that they could invest into bitcoin without a worry, and they could make a profit next year after the halving as well, all they have to do is buy right now and hold until next year and maybe a bit more after that if they want more profit, but that's about it. I think it is important that people keep forgetting about how they could make a profit, and they keep questioning when they should get in, it's today, you should get in today.

EarnOnVictor

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

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?

It seems you are reasoning like me, I'm so curious these days in preparing for the 2024 drama. Nonetheless, my advice for you is to learn how to study your Bitcoin chart very well, all the answers you need are there. I recommend you use both weekly and monthly charts for effective studies.

Still, let me try to answer your questions:

No one yet knows the exact date of the 2024 halving or promises the same reaction, but judging by what happened in the last one, the pump started in April (a month before the halving). I guess it was due to FOMO, but was never significant like what started in October of the same year. There are months that ended bearish before the October pump that lasted till 2021.

This calls for wisdom, one should have started buying as early as April or even March and leave it for at least 9 months.

pawel7777

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Quote from: Joshapat on May 03, 2023, 06:44:35 AM

there is no good time to buy

Of course there is. The problem is, we don't know for sure whether the present time is a good time to buy, we can only judge that in retrospect, when it's in the past. But that doesn't mean that good time does not exist.

Quote from: Joshapat on May 03, 2023, 06:44:35 AM

but if we buy immediately then this gives us the opportunity to get profit.

And if we don't buy immediately, there won't be opportunities for profit? DCA has proven to be a good tactic and it doesn't require buying in immediately.

Joshapat

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The price of bitcoin will always fluctuate, there is no history that in a month or 30 days the price continues to rise without any decline, this is of course a good opportunity for us to get profit at any time, there is no good time to buy, but if we buy immediately then this gives us the opportunity to get profit.

pawel7777

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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.

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?

At this point you don't need to wait for bullrun to occur before you purchase bitcoin, 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, its people who is into short term investment of bitcoin is always determined or curious to know if during bitcoin halving and bullrun time will determine their profits for the Investment, let us not confused ourselves over bitcoin investment, its quite right you can invest in bitcoin whenever you have the capital to invest, its doesn't matter if bitcoin is in the state of degradation or in the state of acceleration in price. Invest and allow the rotation or nature of the market to give results, either positively or negatively, that's while it's encouraging to use a spare money to invest bitcoin to avoid panicking towards the investment.

FUCKBSVFUCK

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This is another opportunity for you to buy bitcoin because in the event that you want to hold it for more years, you can invest in Bitcoin and hold it until the price crashes like today. So, you have to wait a while for the price to return to its previous state. It's always best if you bought the dip and you can hold it until it crash again. Once the bitcoin price recovers you could take it for the next bull run.

GeorgeJohn

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Bitcoin buying does not have duration, so I believe that this incoming users of bitcoin suppose at know that you can purchase bitcoin anytime you wish to buy bitcoin, and I believe that many people have understand that, what I will encourage people to do during bitcoin investment or during the time of buying bitcoin is that Bitcoin if you are financial buoyant enough, don't hesitate to buy bitcoin as many you wishes.

boyptc

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Quote from: duckalis on April 25, 2023, 08:49:49 PM

Typically, the price of BTC begin to rise about 6 months before a halving, and don’t change much during the halving period itself. On average, according to past periods, the price may peak 12 months after a halving.

And that means that it is better if months before the halving. You'll save more money and effort by that time but, you'll also need to address your goal if that's totally okay for you to buy at those rates.

While it seemingly stagnant to see movements before the halving but that's one ideal time for someone who plans to buy one time.

Either way, as long as you buy before it or even just a couple of weeks after it since effect might come several months after.

South Park

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Quote from: Dave1 on April 25, 2023, 08:37:11 PM

And if the OP continues to think that the price might go to $20k or below, that chance might not come again as the price shoots up again to above $28k and maybe the bulls are going to push for another run at $30k a the end of the month to keep the market positive and green.

And so with that advise of others, it's a better strategy to really do DCA for the rest of the year at least prior to the bitcoin block halving instead of just one time buy off at a lower price that the OP is hoping for. But that opportunity might not come, just saying

Traders need to learn to take advantage of the opportunities the market gives them, anyone that wanted to buy bitcoin for a price below 20k had months to do it, if that is not enough time for them to take advantage of that price or if they were simply afraid of doing so, as at the time the price of bitcoin still had a very pronounced negative tendency, then they need to reconsider their decision to become traders, since they do not seem to have what is necessary to do this job in an appropriate manner.

duckalis

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Typically, the price of BTC begin to rise about 6 months before a halving, and don’t change much during the halving period itself. On average, according to past periods, the price may peak 12 months after a halving.

Dave1

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And if the OP continues to think that the price might go to $20k or below, that chance might not come again as the price shoots up again to above $28k and maybe the bulls are going to push for another run at $30k a the end of the month to keep the market positive and green.

And so with that advise of others, it's a better strategy to really do DCA for the rest of the year at least prior to the bitcoin block halving instead of just one time buy off at a lower price that the OP is hoping for. But that opportunity might not come, just saying

bangjoe

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Quote from: pawel7777 on April 21, 2023, 06:13:39 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?

Each halving will have much less impact than the previous one, and if things rarely pan out the way that everyone expects them. After all, if we could predict such things with 100% - we'll all be rich - and that's impossible,

No one has a crystal ball to answer your question, but if you're confident that bitcoin will go up again and will at least reach its previous ath, then waiting for the potential dip makes little sense. You could buy now and still enjoy great gains if your prediction comes true. Waiting for the dip could backfire. Don't try to time the market perfectly, that's not possible.

Yes, each cycle has a different pattern, different dynamics and different price ups and downs, as well as when a bull run occurs, it will be very difficult to take into account and compare with previous cycles to draw one hundred percent conclusions and predictions, and it is true if we can take into account each phase in bitcoin with 100% accuracy maybe I am a billionaire today.

I agree, don't focus too much on thinking buying on dips because it will trick you and make the strategy look bad if the expected dips don't happen, the thing to be sure of is that we are still far from the previous ATH which means the opportunity is still wide open for gains the advantages of bitcoin basically we believe the four year cycle of bitcoin which has the lowest price point and the highest price point in each cycle.

And why doesn't the OP want to go with the DCA strategy? isn't that the most reliable strategy in a fairly volatile market situation like recently.

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