When to buy - question to Hodlers - page 5.

Hypnosis00

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Quote from: Henry2020 on May 04, 2020, 05:11:34 AM

That's great advice, I'm just getting into this. Really great forum.

I understand that you are new here and I'm glad that you appreciate how the forum runs for.
Just keep reading and surely you can find a lot of helpful things and ideas that could give you more knowledge about crypto and could answer your question and doubts. And feel free to ask by then.

Sanugarid

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Quote from: Sanitough on May 04, 2020, 04:42:42 AM

Quote from: MCobian on May 04, 2020, 03:50:17 AM

Everyone would want to buy bitcoin when the price drops, the problem is we do not know when the price of bitcoin fell.

We don't know when but we will know if the price will drop, and that is the timing we are all looking for.
Based on my experience, it's easy to spot when the price is at dip, just like this year, bitcoin dropped to $4000 so that should be the lowest and you'll buy that because you believe it will rise in the long run, that's the reason why you are going to be a hodler.

Yeah, there is really no time to buy, what you need is the exact moment to buy and that is only when the price declines striking a down direction, that is the best position for you to buy, you can also buy in increasing position where you will notice that the price is increasing day by day, kinda good to ride that also. As for holders, it is easier for them to enter the market anytime whenever they want to cause they are holding it, no matter how down it is they'll just be sitting waiting for it to comeback.

Quote from: Sanitough on May 04, 2020, 04:42:42 AM

short term investment is harder than long term investment, so I don't think its a big problem spotting what price we will buy.

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.

sana54210

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Quote from: xxjumperxx on April 27, 2020, 03:21:37 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 =)

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

I guess no one could help you to get you accurate lower price levels to buy bitcoins. By considering how widely bitcoin is fluctuating, you may get probable lower prices and at the same time you may miss it as well. It is always good practice to buy bitcoins periodically so that definitely you could catch a probable lower prices.

One of the basic investment principle must be, NOT buying all at once. So, you are already doing good, but you must keep on watching markets closely so that you may get chances to catch the lowers prices instead of blindly buying at same date every month. I'm saying this because I know some investors who are buying from their salary of regular job and they never focus on catching lower prices as they simply buy on first day of every month. If they take time to watch the market by waiting with money, then they probably get lower prices within that month.

Henry2020

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That's great advice, I'm just getting into this. Really great forum.

Sanitough

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Quote from: MCobian on May 04, 2020, 03:50:17 AM

Everyone would want to buy bitcoin when the price drops, the problem is we do not know when the price of bitcoin fell.

We don't know when but we will know if the price will drop, and that is the timing we are all looking for.
Based on my experience, it's easy to spot when the price is at dip, just like this year, bitcoin dropped to $4000 so that should be the lowest and you'll buy that because you believe it will rise in the long run, that's the reason why you are going to be a hodler.

short term investment is harder than long term investment, so I don't think its a big problem spotting what price we will buy.

MCobian

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Everyone would want to buy bitcoin when the price drops, the problem is we do not know when the price of bitcoin fell. Because bitcoin
prices are very volatile, so bitcoin price movements are difficult to predict. So maybe by buying bitcoin every month, no matter the price
is indeed a good decision. The most important thing is using money that we can afford to lose. I bought bitcoin gradually, so I divide the
capital I had. So when bitcoin falls from the price we buy, we can buy again. With this strategy I have made a double profit several times.

michellee

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Quote from: Innerpumper on May 04, 2020, 01:23:05 AM

Quote from: xxjumperxx on April 27, 2020, 03:21:37 AM

Hi fellow Hodlers,
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?

The most effective way to holder is to see the development of the project suppose the bitcoin holder wants to buy again, just know the current condition if follow the trend up you quite hold with a short time, if there are rumors circulate this good chance to get more profit.

If bitcoin price can down deeper from the price now, then I think that will be the best time to buy and hold. You don't sell the bitcoin if the price does not increase so high, and you can hold it for a long time because some people cannot hold for a long time, and they sell their bitcoin when the price just start the rally. But if the price is not rising so higher, the holder will not sell their bitcoin because they have their own target to sell.

lienfaye

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Quote from: Innerpumper on May 04, 2020, 01:23:05 AM

The most effective way to holder is to see the development of the project suppose the bitcoin holder wants to buy again, just know the current condition if follow the trend up you quite hold with a short time, if there are rumors circulate this good chance to get more profit.

As a bitcoin hodler its easy for me when to buy bitcoin and I think we are aware of that. Buying low and selling high is the key to profit, just have lots of patience. Dont fomo because thats the usual mistakes of hodlers especially those lacking of knowledge in crypto investment. I accumulate bitcoin before the recovery happened hence I already made profit this time but still waiting for further increase because its possible due to halving.

Innerpumper

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Quote from: xxjumperxx on April 27, 2020, 03:21:37 AM

Hi fellow Hodlers,

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?

The most effective way to holder is to see the development of the project suppose the bitcoin holder wants to buy again, just know the current condition if follow the trend up you quite hold with a short time, if there are rumors circulate this good chance to get more profit.

Aaroenz0r

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Quote from: LUCKMCFLY on May 03, 2020, 10:40:15 PM

Quote from: xxjumperxx on April 27, 2020, 03:21:37 AM

~snip~

The secret of the Hodlers, Whales, Strong Hands lies in what some books say: "Millionaires always buy cheap" and sell "expensive", it is simple, hodlers and strong hands always buy when the price of Bitcoin is low, taking advantage the panic and the emotions of the weak hands, if they buy cheap, what they do is wait patiently for when the price rises to obtain benefits.

But for sharks and market controllers, they will know the cheap price! because they are the ones with a lot of money and they can turn red to green immediately. But for us, we don't know what the manipulator's plan is. I also previously thought that buying bitcoin at $ 14k was cheap when bitcoin dropped from $ 20k in a few days. but I was wrong because then the strong sell-off fell to $ 3k5. So it's hard to know what is cheap and what is a good time to buy. I think we need to learn a lot about technical analysis and learn how to manage capital to make small losses in the DCA method. That is the best way for us to be profitable.

Latviand

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Quote from: thebutton on April 27, 2020, 08:59:42 AM

If you are aiming for a long-term then you don't have to worry that much with the prices. In my case, I buy BTC when I deemed that it was below what I consider as the "normal" price which is subjective to me of course. You can do your strategy tho buying every month despite the prices but I suggest to analyze through maybe through the news, if you are doing TA (which I don't familiarize myself yet with this) then you might want to use it or just simply the graph itself. You might want to use these to determine on how much would you buy this month and the next months or would you rather not just buy at all yet.

That should be the right way, you should wait patiently for its price to become less than the normal price so that you have a certain percentage of profit. The only crucial thing here is the waiting game, the duration of how long will its price to become lower compared to the original price before it moves. Sometimes you just need to seek information in the internet if there's a news related to the effect in the economy then you should perform technical analysis properly. If you have good speculation and prediction then your strategies should become effective and will really give you profit. Analyzing the graph of the market will make you have some ideas regarding the changes and movement of a certain coin's price.

iv4n

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Quote from: LUCKMCFLY on May 03, 2020, 10:40:15 PM

Quote from: xxjumperxx on April 27, 2020, 03:21:37 AM

~snip~

The secret of the Hodlers, Whales, Strong Hands lies in what some books say: "Millionaires always buy cheap" and sell "expensive", it is simple, hodlers and strong hands always buy when the price of Bitcoin is low, taking advantage the panic and the emotions of the weak hands, if they buy cheap, what they do is wait patiently for when the price rises to obtain benefits.

What you just wrote is a secret of traders, holders don't gamble with buying/selling! From one angle you can be right, if a holder buys low, hold for years (literally) and only then he thinks about selling! I think this is a good topic for a Chinese proverb "A wise man makes his own decisions. An ignorant man follows public opinion." In crypto it's buy when others are panicking, sell when they start calling a million dollar bitcoin. And on years back this proven to be very accurate!

LUCKMCFLY

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Quote from: xxjumperxx on April 27, 2020, 03:21:37 AM

~snip~

The secret of the Hodlers, Whales, Strong Hands lies in what some books say: "Millionaires always buy cheap" and sell "expensive", it is simple, hodlers and strong hands always buy when the price of Bitcoin is low, taking advantage the panic and the emotions of the weak hands, if they buy cheap, what they do is wait patiently for when the price rises to obtain benefits.

alan2here

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Quote from: dragon695 on May 03, 2020, 12:15:40 AM

To invest more effectively, we should have knowledge of speculation and technical analysis. Dow theory will help you a lot in buying and holding effectively in the long run. You can read it on Google or YouTube, there are many tutorials on basic technical analysis right now. You just need to learn a little about trendline, and read carefully about Dow theory. Surely you will find a reasonable buying point in bitcoin.

In any investment, it takes knowledge to be successful in this market because this is not an easy place for you to make a profit.

In fact, I always learn a lot at Youtube and this is a very popular channel for all traders in this market. However, you need to choose good channels to study and find experienced professionals.

jhonjhon

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Quote from: Twinkledoe on May 03, 2020, 01:00:32 AM

Quote from: dragon695 on May 03, 2020, 12:15:40 AM

To invest more effectively, we should have knowledge of speculation and technical analysis. Dow theory will help you a lot in buying and holding effectively in the long run. You can read it on Google or YouTube, there are many tutorials on basic technical analysis right now. You just need to learn a little about trendline, and read carefully about Dow theory. Surely you will find a reasonable buying point in bitcoin.

Aside from that, in my opinion there is no right time or wrong time to buy bitcoin. As long as you can afford to risk what you have and always remember the simple logic in trading - buy low , sell high. So you should always aim to sell your bitcoin at least higher than what you bought it, even if you are gaining lil profit.

Do we think that people are buying crypto during the bullish season? It is pretty sure they leave the market once and look back when it drops again, then start buying in preparation for the next peak.

Yeah, you may right that there is no wrong and the right time in buying but it much better to find the best time to buy and sell either. Smart people can think that surely.

Twinkledoe

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Quote from: dragon695 on May 03, 2020, 12:15:40 AM

To invest more effectively, we should have knowledge of speculation and technical analysis. Dow theory will help you a lot in buying and holding effectively in the long run. You can read it on Google or YouTube, there are many tutorials on basic technical analysis right now. You just need to learn a little about trendline, and read carefully about Dow theory. Surely you will find a reasonable buying point in bitcoin.

Aside from that, in my opinion there is no right time or wrong time to buy bitcoin. As long as you can afford to risk what you have and always remember the simple logic in trading - buy low , sell high. So you should always aim to sell your bitcoin at least higher than what you bought it, even if you are gaining lil profit.

havoc928

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Quote from: pixie85 on May 02, 2020, 04:47:33 PM

I buy when I have some spare cash lying around and always look at percentage drops.
When price drops by 10% I don't even care. This is a no trade zone for me.

When it drops by 30% is where I start to wake up and watch it. Might buy if I already have money on an exchange like I did when it droppwd from 9000 to 6000 last month.

A 50% drop is a sure buy for me. I'll even borrow money to buy at this point.

I don't rely on volatile percentages to buy or sell. I often use technical analysis and capital management to buy and hold for a certain period of time. because when the price of bitcoin goes down, we can still buy it but when it falls, we lose more. and the important thing is that we are buried in bitcoin and waiting for a draw to sell and profit. that would not be sure because there are currently many people using your method and buying bitcoin at $ 18k and $ 16k. It's been 2 years now and they still can't get their capital back. Therefore, it is still necessary to learn more about technical analysis.

dragon695

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To invest more effectively, we should have knowledge of speculation and technical analysis. Dow theory will help you a lot in buying and holding effectively in the long run. You can read it on Google or YouTube, there are many tutorials on basic technical analysis right now. You just need to learn a little about trendline, and read carefully about Dow theory. Surely you will find a reasonable buying point in bitcoin.

Dr.Osh

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maybe your strategy is good enough to buy every month. but, make sure to check the price, and also the risk that you can accept. for now, I only do that when I need it. I prioritize earning from hard work than buying it now. You know the current situation is quite critical. however, I feel that your strategy will work when bitcoin prices rise after halving. I remember that there was a thread that said that you will get a big profit if you buy $ 1 bitcoin every day.

fortunecrypto

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Quote from: xxjumperxx on April 27, 2020, 03:21:37 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?

You are doing right when you are buying when you have an extra funds, it's always invest what you can afford to lose and do not put all your savings, but the best time to buy Bitcoin or any coin is always when the price is down or in the bear market, some people have second thought of doing that because they are not very confident that the market will get up soon.

Topic: When to buy - question to Hodlers - page 5. (Read 1061 times)