When to buy - question to Hodlers - page 4.

smyslov

sr. member

Activity: 2030

Merit: 269

Quote from: xxjumperxx on April 27, 2020, 04:21:37 AM

Hi fellow Hodlers,

I hope Im right in this subforum to ask the following question that has probably been asked plenty of times?

When do you buy or do you spread out buying Bitcoin with FIAT?

I myself buy Bitcoin every month no matter the price for a set amount from my paycheck, in hopes of averaging the price I buy for.
Before doing that Id wait and hope to catch it at a lower price but that always seemed to go in the wrong way, aka. price went up =)

Im just asking because I want to know if there is a more effective way to do it?

tl;dr When do you buy your Bitcoin?

Just always keep in mind to only invest what you can afford to lose, if you practice this you are ok and good to go buy Coin when you have money that you can allocate for coins, it's better that you buy it when the market is down, in line with the theory buy low sell high, you don't have to worry about coins going down after you bought it as long as you are buying the top coins in the market.

celot

sr. member

Activity: 1492

Merit: 269

I think many trader ask on forum when good time to buy altcoin or bitcoin, always the same question from many trader exactly with beginner in trading way. I think best time for investing and trading when your potential coin have touch support price, you can buy much do you want if you can't analyze with coin price.

carlfebz2

hero member

Activity: 2926

Merit: 722

DGbet.fun - Crypto Sportsbook

Quote from: suzanne5223 on May 06, 2020, 11:30:33 AM

Quote from: rodskee on May 06, 2020, 10:47:27 AM

Quote from: suzanne5223 on May 06, 2020, 09:43:56 AM

Quote from: Ems439 on May 05, 2020, 09:58:02 PM

I think this time is time to buy, because still bearest market due to pandemic,but I'm sure after this pandemic bull run is waving slowly but surely☺️☺️☺️

As you said, this is the perfect time to buy before the it total bullrun market but the pandemic wont be the reason why the bullrun market wont happen and what people need to be careful about is the coin the choose to hold. In the meantime, it better to go all in bitcoin than altcoin.

So what should be the reason why the bullrun wont come or happen?Seems that you
have much idea why the market suffering like this now?

Crypto market is not suffering now and bullish trend ought to automatically happen after bitcoin halving as planned by Satoshi but the miners and whales decision determine in some situations if bullish will happen.

Nothing is assured and also the market doesnt only rely with whales nor miners.It all vary with the demand from people the community which would drive out the price in a particular price level.
Theres no sure if we would heap up or down after halving even most people already expecting on positive outcome but this wont happen overnight.I would always prefer on
stable and gradual increase rather than short time spikes.

Quote from: suzanne5223 on May 06, 2020, 11:30:33 AM

Quote from: rodskee on May 06, 2020, 10:47:27 AM

In some reason the market starts bull this year from January to middle of March,but
when the Covid-19 make its way to spread in almost
every continent of the world then all of a sudden the market reacted so bad and this
is why i think Virus makes this market dump and will
remain dumping until everything gets clear and the spread stops .

Dont get me wrong, the covid-19 spread cause dump in price of the marker but it only exit the weak hands and the January market till now is never a bullish market but an uptrend market for the preparation of halving because bullish market is simultaneously/ridiculous surge in price of the market.

We cant point if this price increase is really indicating that we are going for a bull run. The pandemic situation did really make some effect
but its only a shortwhile and the price had recovered again.

gantez

full member

Activity: 1736

Merit: 121

Quote from: Reatim on May 05, 2020, 11:53:03 PM

I believe in your trust in Bitcoin because Buying monthly even if the price is going high is rare attitude of investors here.

This to my own opinion is not a very good business plan. Buying at any time or month means not taking the speculative analysis into consideration. The better thing to do is waiting for when price has drop to maximize profit.

Mpamaegbu

legendary

Activity: 2716

Merit: 1225

Once a man, twice a child!

Quote from: Becky666 on May 05, 2020, 05:17:08 PM

When to buy to me is when the market seem red and not green which signifies the bullish run. The appropriate time to buy cryptocurrency is when the bullish run gather momentum. This momentum always give a way for the very bullish run, like what is going to happen few days to come is a signal for better days ahead. Buying before the bitcoin halving is the best choice to make, for those who will wait for the middle of the bullish bitcoin halving will be the dumping ground this season except they are good on long-term holding. Buy bitcoin now and hold against the market rise.

This is obvious even to the literally blind or the deafened deaf. It's the best strategy for trading and like W.Buffet opined, "buy when others are scared and sell when they're greedy buying."

suzanne5223

hero member

Activity: 2660

Merit: 651

Want top-notch marketing for your project, Hire me

Quote from: rodskee on May 06, 2020, 10:47:27 AM

Quote from: suzanne5223 on May 06, 2020, 09:43:56 AM

Quote from: Ems439 on May 05, 2020, 09:58:02 PM

I think this time is time to buy, because still bearest market due to pandemic,but I'm sure after this pandemic bull run is waving slowly but surely☺️☺️☺️

As you said, this is the perfect time to buy before the it total bullrun market but the pandemic wont be the reason why the bullrun market wont happen and what people need to be careful about is the coin the choose to hold. In the meantime, it better to go all in bitcoin than altcoin.

So what should be the reason why the bullrun wont come or happen?Seems that you
have much idea why the market suffering like this now?

Crypto market is not suffering now and bullish trend ought to automatically happen after bitcoin halving as planned by Satoshi but the miners and whales decision determine in some situations if bullish will happen.

Quote from: rodskee on May 06, 2020, 10:47:27 AM

In some reason the market starts bull this year from January to middle of March,but
when the Covid-19 make its way to spread in almost
every continent of the world then all of a sudden the market reacted so bad and this
is why i think Virus makes this market dump and will
remain dumping until everything gets clear and the spread stops .

Dont get me wrong, the covid-19 spread cause dump in price of the marker but it only exit the weak hands and the January market till now is never a bullish market but an uptrend market for the preparation of halving because bullish market is simultaneously/ridiculous surge in price of the market.

shadowdio

sr. member

Activity: 1876

Merit: 289

Zawardo

Well I buy bitcon when the price is down or suddenly dump that is the perfect time to buy bitcoin but now bitcoin is already high, I don't think if this is good time to buy.

rodskee

full member

Activity: 2408

Merit: 202

Quote from: suzanne5223 on May 06, 2020, 09:43:56 AM

Quote from: Ems439 on May 05, 2020, 09:58:02 PM

I think this time is time to buy, because still bearest market due to pandemic,but I'm sure after this pandemic bull run is waving slowly but surely☺️☺️☺️

As you said, this is the perfect time to buy before the it total bullrun market but the pandemic wont be the reason why the bullrun market wont happen and what people need to be careful about is the coin the choose to hold. In the meantime, it better to go all in bitcoin than altcoin.

So what should be the reason why the bullrun wont come or happen?Seems that you
have much idea why the market suffering like this now?
In some reason the market starts bull this year from January to middle of March,but
when the Covid-19 make its way to spread in almost
every continent of the world then all of a sudden the market reacted so bad and this
is why i think Virus makes this market dump and will
remain dumping until everything gets clear and the spread stops .

suzanne5223

hero member

Activity: 2660

Merit: 651

Want top-notch marketing for your project, Hire me

Quote from: Ems439 on May 05, 2020, 09:58:02 PM

I think this time is time to buy, because still bearest market due to pandemic,but I'm sure after this pandemic bull run is waving slowly but surely☺️☺️☺️

As you said, this is the perfect time to buy before the it total bullrun market but the pandemic wont be the reason why the bullrun market wont happen and what people need to be careful about is the coin the choose to hold. In the meantime, it better to go all in bitcoin than altcoin.

leea-1334

hero member

Activity: 2296

Merit: 953

Temporary forum vacation

Quote from: Reatim on May 05, 2020, 11:53:03 PM

I believe in your trust in Bitcoin because Buying monthly even if the price is going high is rare attitude of investors here.

I admit wanted to do the same but when the market is bullying/i start to feel helpless and becomes contented in my Holdings and this made me bitter once the value continues to grow the next days.

But one thing that we have in common is buying at least once a week or month specially when the market is in below 6k .

I do not think it is a rare attitude,,, I know a lot of people including myself who buy every month, or every possible period, it is the only way we can get bitcoin a little bit. This is called average costing, very old tactic:) It does not care about the price, it just buys whenever possible.

Reatim

sr. member

Activity: 2828

Merit: 357

Eloncoin.org - Mars, here we come!

I believe in your trust in Bitcoin because Buying monthly even if the price is going high is rare attitude of investors here.

I admit wanted to do the same but when the market is bullying/i start to feel helpless and becomes contented in my Holdings and this made me bitter once the value continues to grow the next days.

But one thing that we have in common is buying at least once a week or month specially when the market is in below 6k .

KnightElite

sr. member

Activity: 924

Merit: 275

Most of the people have the answers of buying because they think that the price is still cheap and they are so very high that makes them a speculator. I use technical analysis so there are parameters that I keep checking before I buy or before I hold a coin. When I do holding, I make sure that the price is above average of the 20 MA which is consider as short term support. I also make sure that the momentum of a particular coin is strong because it is one of the bullish signals. If you will buy or use new strategy make sure that is suitable to your skills in order for you to be profitable.

Ems439

jr. member

Activity: 236

Merit: 6

I think this time is time to buy, because still bearest market due to pandemic,but I'm sure after this pandemic bull run is waving slowly but surely☺️☺️☺️

sandos

sr. member

Activity: 440

Merit: 250

#SWGT CERTIK Audited

Quote from: Becky666 on May 05, 2020, 05:17:08 PM

When to buy to me is when the market seem red and not green which signifies the bullish run. The appropriate time to buy cryptocurrency is when the bullish run gather momentum. This momentum always give a way for the very bullish run, like what is going to happen few days to come is a signal for better days ahead. Buying before the bitcoin halving is the best choice to make, for those who will wait for the middle of the bullish bitcoin halving will be the dumping ground this season except they are good on long-term holding. Buy bitcoin now and hold against the market rise.

Bitcoin is the best investment at the moment, but the last few months have been very volatile and often make investors feel more anxious. The worst time was in March because this was the time when Bitcoin price dropped to $4,000 but now the price has improved a lot and is being traded stably at $8900. Hopefully in the near future the crypto market will continue to increase in price and have more new opportunities for new entrants.

ene1980

hero member

Activity: 2002

Merit: 535

Quote from: xxjumperxx on April 27, 2020, 04:21:37 AM

I myself buy Bitcoin every month no matter the price for a set amount from my paycheck, in hopes of averaging the price I buy for.
Before doing that Id wait and hope to catch it at a lower price but that always seemed to go in the wrong way, aka. price went up =)

tl;dr When do you buy your Bitcoin?

If you have a base idea on what the market situation will be in the near future then you should be prepared to invest when ever there is a dip in the market rather than investing whenever you like irrespective of the price. The halving is not a secret and everyone who invest in the market knows that the market would rise from the present situation and investors started investing whenever the price went down.

For you to have a better understanding, here is the data for the past few moths conducted by some researchers.

https://news.bitcoin.com/12-months-of-onchain-data-bitcoin-whales-hundreds-of-btc-from-small-fish/

Becky666

full member

Activity: 756

Merit: 231

When to buy to me is when the market seem red and not green which signifies the bullish run. The appropriate time to buy cryptocurrency is when the bullish run gather momentum. This momentum always give a way for the very bullish run, like what is going to happen few days to come is a signal for better days ahead. Buying before the bitcoin halving is the best choice to make, for those who will wait for the middle of the bullish bitcoin halving will be the dumping ground this season except they are good on long-term holding. Buy bitcoin now and hold against the market rise.

Utoy101

member

Activity: 368

Merit: 11

Quote from: xxjumperxx on April 27, 2020, 04:21:37 AM

tl;dr When do you buy your Bitcoin?

Whenever i see question like this, i always can't help it but laugh hard.... Like what do you expect the Veterans to tell you other than buy low and sell high? I'm not trying to debunk your question but the thing is, no when knows when it is the right time to buy, it's always assumption because if anyone knows when to buy and sell, i believe such person would have a lot of million dollars already

Sanitough

hero member

Activity: 2856

Merit: 673

Quote from: Sanugarid on May 04, 2020, 10:23:45 AM

Short term investment is harder, however long term investment is has a blind spot, you won't be seeing that you're losing unless it is coming near your sight.

There is no blind spot if you keep monitoring, my strategy varies on the particular coins that I am holding for long term.
For example, I invested bitcoin, I don't need to get updated all the time as I understand it will not fail, but I have more delicate treatment on my altcoins as anytime they could lose their value, I've experience it already in the past, so I learn from that and will not allow to happen again.

TheGreatPython

sr. member

Activity: 2618

Merit: 335

It is easy to see when it drops, it is harder for some people to get in when it drops, that is the problem. Hell the whole reason why it drops is the people who sell, so those people actually got panic and sold their coins instead of buying at those prices, some person actually dropped their bitcoins under 5k this year, they actually did that on a year we moved above 10k, so it is not about seeing when price goes down and seeing when it goes up.

Some people are just too afraid, they are afraid when going down and afraid when going up as well, some people see bitcoin going up and buy it at the top because they fear they are going to miss out, and same people actually sell when it goes down because they fear it will go down further. So they just purely lose and leave.

ScamViruS

hero member

Activity: 1806

Merit: 720

Top Crypto Casino

Your strategy is good. I also follow this strategy, I try to buy $100 bitcoin per month, if I have extra money. Since I buy for long-term hold I try to average price every time. But I don't always buy the same amount, I often buy it after doing market analysis. Market analysis is of course important when it comes to buying bitcoin. If you have seen the last dump of Bitcoin, you will understand why I am saying that you should see where the market is going. During the last dump I was able to purchase some bitcoins. I was able to purchase at $4500. And this time of course I bought more than my regular purchase. So the amount of purchase has to be more or less by market analysis.

Topic: When to buy - question to Hodlers - page 4. (Read 1034 times)