Bitcoin Forum

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?

If you have such a mind to buy every month despite the price, it means you are not bothered about price itself but to accumulate and hodl. Simple way is to buy when price has dropped after going high. It is known that price won't stay high for long without dropping, wait for retracement to buy. You can save your fiat and buy in bulk at a dropped price.

Personally, I buy lump sums at price drops. And while that's my personal strategy, I always still recommend dollar cost averaging or DCA(pretty much what you're doing, buying every month) as I think it's the best buying strategy for people who can't handle their emotions that much. Whereas with lump sum investing, I could see how an inexperienced investor could easily panic if the price drops after putting in a significant amount of money.

Yeah I have been doing DCA for about 2 years now (first starting with lower amounts, increased this year) and its been ok. I sometimes see price spikes but I should be pretty much averaged out.
Buying on Price Drops, I have been thinking about it but you never know when the bottom hits :)

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.

It's not necessarily buying on bottoms, because obviously no one knows where bottoms are; it's more of buying when people are panicking. But yea, it's definitely a strategy that's not for everyone as DCA is safer and mostly better for the typical hodler's mental health.

Do you use recurring payments? You could set it up with somewhere like coinbase where they'll take a certain amount every month and convert it into bitcoin or a cryptocurrency (not sure if they charge additional fees for that).

If you DCA once a month, I'd suggest going for the weekend because the price seems to be a little lower saturday evening (but I haven't actually plotted a pattern it just looks that way to me) on bst time - from filing tax returns.

If you buy the dips, I'd take an additional sum of either anything you randomely accrue or 10% of your dca position just to buy when the market slumps a bit.

I bought at $6k before we went to $3k and now we're at $7k and COULD rise further (we hit $8k before) just don't panic when stuff doens't go your way if you are dcsing and happy/confident with your investment...

DCA is probably one of the worst strategies here in the crypto market, it works in the stock market because prices of stocks are mostly stable compared to the wild jumps and fall we have in the crypto market. Simply by doing DCA in the crypto market you are just avoiding a lot of chances at the same time increasing your risk of having paper losses because you always disregard one thing and that is the price when you have bought Bitcoin. Since you are a beginner I won't really tell you to do a full on TA study but I would simply advice you to know where the supports and resistances are when you are at the time you will be buying, the nearest the price of Bitcoin is near the support level the bigger will be your margin of safety as well as maximizing the earning potential of your capital.

It will be better you study the market and makes a buy order when the price is a bit low. I know that someone like you might not have dedicate time to study and just wanna buy probably when your salary is being paid but buying when the price is very high is not really encouraging because the crypto is very volatile so you need to minimize risk by buying when the price is low

I tried to spot where the bottom when buying and guess what it's not yet the bottom. lol. My personal strategy for buying is when there is a price drop then it gets to a price where it slows down and kinda resisted, that's the price where I'm buying coz I know it will stop at that range increase afterwards, it happens to be effective 80% of the time. I don't know that much about DCA strategy, it looks so new to me, have you guys tried this?

lol, the inability to accurately find the bottom is everyone's problem in crypto trading because sincerely speaking, charts aren't always accurate so what I usually do is percentage buys, while it keeps dumping low, I keep averaging down because I usually have my funds in 5 place as at 20percent each waiting for such incidence

Since youve been considering for long term aspect then the thing youve been doing is just fine where you dont matter much on what price you had entered or bought as long you do aim and just tend to accumulate as much as you can.Being a hodler wont really be that easy where there are lots of temptations of selling off specially when you do saw you are profiting nor the price had gone down on where you had purchased.
So its up to you since its your money after all and buying anytime will be the best thing to be done specially if you arent really that caring much on its price for short duration.

Categorically when the market turns downwards during the bearish period. Although, this is just the simplest way to explain the buy mode to any newborn into the world of cryptocurrency. There are many possibilities to make good profits from buying deep and selling at greenish. As a new buyer, ensure to check the market movement before you place a buy mode hence you buy when the market is about to go deep. At this point, I would advise many buyers to buy Bitcoin or other good coins to hold against the upcoming Bitcoin event. Those who buy and hold will get the needed profits.

For those that want to hold their coins for the long term there are not that many strategies they can employ compared to those that like to trade, one strategy is to do what you are doing, just buy bitcoin regularly and over the long term this will produce good results as the price of bitcoin keeps increasing, the only other option is to wait until the price of bitcoin is below a certain benchmark and buy it at that point, however this strategy can be dangerous as you could get desperate and buy bitcoin out of FOMO at the top, so the first strategy is way safer.

Yes, really up to the holder when would be the best time for him. Because for me, as long as you can hold, the better, as I believe the price will increase in the coming years. But if you really do need to cash out because you need to pay something urgently, that's fine. It's not practical to borrow money from others if you have bitcoin stash somewhere.

That would matter to you and how you look into the market for the coming days. There is some reason why you have to consider buying today or just keep your money and wait for the dump again. Because for me, I have to wait for the market to move down but if it never happens until halving, I have to look for altcoins than Bitcoin.
But good thing that I already bought some Bitcoin last week and I am now holding it until the price reaches its peak and then sell.

Dollar cost averaging is pretty much one of the most common investing methods out there, and it's what most people suggest(specifically, DCA-ing S&P500 index funds) every time people ask for advice on investing. https://www.investopedia.com/terms/d/dollarcostaveraging.asp

Buying spread out has its benefits, but you can also regret not buying the dip. You could buy $1000 worth for example the dip of BTC when it was $4000 and have twice as much BTC versus if you dollar cost averaged 10 months before hand. But hindsight is 20 20.

Periodically, that is what I have been doing for years and it has worked for the most part.

If you go all in, there is no right time, just look at the price right now it moved from around 5k prices to close to 8k now for example, do you really think it is smart to buy now?

Or was it smarter to buy when it was lower? Of course, it was smarter to buy lower but how could you know when it will be lower once again? You wouldn't have any idea. So, what can you do?

Basically never go all in, always have a source of income that you will put into bitcoin, and just periodically put money into it, whenever price has a HUGE drop, just buy it, I know it may drop even further but just buy it, whenever price has a huge drop no matter what happens it will always go back, even if it takes a longer path.

I usually  buy bitcoin in the licensed local exchanges available in our country. And since you have mentioned you are buying bitcoin "every month", then I guess regardless the price of bitcoin, your purpose is for the long term hold.
 
 So, technically I assumed you are just asking "when is the right time to buy" since you are buying it monthly. Of course you are still aiming for the dip price acquired each month. Haven't you using some technical analysis? If not, you may  try using some of it so you have any idea which price will you gonna buy bitcoin. Or just proceed with what you have started. Afterall, long term holder will still be profitable when bull run comes.

Yes for now I have just been paying on the 15th of each month. Regardless of price.
I will continue buying, Im just asking myself is it worth it keeping the money on the side and waiting for a dropoff or just continue buying every month?

Thanks to everyone for giving me ideas and showing me their way of buying coins.
DCA has been my way, its been going good, yes I could have probably gotten more out of my Dollar if I waited but I have been lucky getting it cheap and it going up for a while too.

In your own speech you said you buy even when the price is up, I will like say that's not a good strategy when. Buying bitcoin or any other coin. Now I was taught to buy when market is low and sell off when it's high which is base on my T.a also with the help of F.a as well. I believe you know what T.a and F.a means in other words. Now this have nothing to do if you buy at every month.

Yes I dont look at price really.
Someitimes it might be at a high but sometimes it is on a low.

So in that way I try to average the price Im buying at.

I always buy at a low price but only 50% of my funds do i spend because it might even go to lower prices especially when Bitcoin is in a tricky situation when it's bouncing between support and resistance and might breakout to the upside and downside that's why i avoid buying all in to a price level.

Thats what I try to do with by spreading out my buying.
To average the price.

Although a steady auto buy will get you Bitcoin, you could get more if you time it right. Buy low and sell high, thats the secret to trading, lots of people kind of overlook that strategy.

I buy bitcoin when the price is down. But if every month, bitcoin price can be down, I will buy more bitcoin because that will be my best time to have bitcoin at a low price. I already suggest some of my friends purchase bitcoin every month, no matter how much the price of bitcoin but they should use the same amount of Fiat to buy bitcoin.

I think you did the right thing to buy bitcoin, at least that is work for you. You can still do that way while you can wait for the increases in bitcoin price so you can sell it at the right time.

Check out the history of bitcoin and you will see that there are many days when bitcoin price goes down more than 30%, there are days that is even higher but the realistic speaking 30% drops are a lot more common and a better timing. So, when you see one of those 30% drops because something huge happened, remember that whatever has happened, no matter how bad it is, no matter how hard it looks, no matter how many people says bitcoin is dead, do not EVER worry about bitcoin and just buy it.

If you buy it when bitcoin drops more than 30%, you will get in at the perfect time, everyone will be looking at bitcoin like it is dead and everyone will talk about how there is no way it can ever recover again, the market will be doomed and basically all kinds of bad things while you are buying, that is the toughest challenge, but in the end you will laugh at those people when you profit.

I believe everyone will tell you to always but at the bottom or when the price is extremely low, but the big question is, when is the buttom or when is always the price at lowest. I guess no one will ever know unless you guess. This has been the ways of cryptocurrency market,  you might think your are buying the bottom but you'll discover that the dip keep get deeper.  I guess that the reason behind the risk of cryptocurrency investment

People would always look after for that certain dip price and with the current price, do your really believe that people would havent some second thoughts?
Price now is tanking on 7k and its normal to have doubts because we wont know on where the price would go on the next minute hour day week or months.
So we can totally say that now would be the best time but as said,since he's planning to be a hodler then it wouldnt matter much on what price he would
buy since he would just hold anyway.

We have dropped at $3.8k the last month and I think that was the bottom price (maybe for now). If we have never lost that chance, we almost make it to the double. I know that many of us here have missed that time and they are waiting for the market to drops again but I believe it won't happen this time since halving has come and I believe that people are now holding their assets in the anticipation of the possible effect of this event. It is really at high risk when we are buying today at the current price for we are not sure that after halving we are able to see the price to continue moving high.

Im buying bitcoin everytime I have capital to do so and the status of btc price is dropping.

We dont know when is the bottom since the price can crash further or recover right after you buy. So as long as the price is cheap compared to its previous price then thats the right to buy.

However it depends for every trader because we have different perspective when investing.

First of all you need to make a strategy first before you spend money to buy bitcoin or even altcoin.

Becausw with the strategy at least you can minimize the risk that will be faced, especially in cryptocurrency which popular with high risk high return.

Like you have to set the pariod of time to keep your money in it and it is a must when becomes an investor.

I get used to buy bitcoin with partial strategy when I intended to choose long term investment and I will buy it in any price situation.

But I have to make an anlust first (technical analyst is more prefee) when I intended to choose short term strategy to know a good time to buy it.

I'm actually allocating a portion of my salary to buy Bitcoin but that will depend on its price. If the market situation is bullish, I just keep my funds and just buy when the price drops down. That's the simple strategy that I have and I think I'm applying the basic strategy which is to buy low and to sell high. However, since we're in a pandemic situation, it's hard for me to buy Bitcoin since I don't have a job due to the lockdown. It's a good thing that I'm gaining something out of my investments before. It's really an advantage that we allocate something for investing because that will benefit us, especially during unexpected crisis.

Personally I just bought all at the bottom in the $3000s. But I just happened to come into a bunch of money from work while Bitcoin was at the bottom and knew it was the bottom so I threw every spare dollar I had into Bitcoin in the $3000s in early 2019.

But in general Dollar Cost Averaging - buy a bit every week or whatever - is a good strategy. Right now we are in the macro bull market part of the market cycle, and have been for 13 months, but we're still far from the bull market heating up and going exponential so Dollar Cost Averaging right now is a great idea. I'd say buy as much as you can under $10k though, cuz if you want to be a HODLER anything under $10k is gold. Really anything under $20k is gold for this market cycle, but current prices are fantastic from a long term perspective.

If someone gave me a chunk of money right now to buy bitcoin with, I'd throw it in all right now, not really caring whether it goes back to 7000s again soon because 8000s is still a fantastic price and I wouldn't feel like trying to guess when I am gonna get the absolute best price, and in a few months very likely 8000s will be long gone anyways. I saw a lot of people on here saying they were waiting to buy back when it was in the $3000s in early 2019 because they thought it'd go lower or because they wanted to wait for a clear sign of a bull market over $6k before they would buy - my point is don't try to time for the best price, just dollar cost average while you have the chance, cuz all those people who sat around not buying on the bottom waiting for some much lower price or strangely some much higher price missed out on the best buying opportunity that was just sitting in front of them for like 4 months.

Pick an amount from your paycheck you can afford to invest and buy that much bitcoin after each paycheck at least until bitcoin goes above $20k.

the best way to do it to earn your money monthly and buy in bulk. perfect timing is better that averaging but not all can handle the emotions and crypto is way more volatile than stable stocks.

Of course when prices are low the best time to buy bitcoin. Actually it's good to collect bitcoin by buying each month regardless of bitcoin
prices. But there is a more effective way, by the money that we want to buy bitcoin, first stored in stablecoins. If the price of bitcoin drops,
then convert the stablecoins we have into bitcoin. With this strategies more effective and when the price of bitcoin rises, the profit generated
can be greater.

Your current straategy is really effective in very long term so don't care about the price, just keep investing on bitcoins regularly then someday if you calculate the price you invested and the value of your current bitcoin maybe multiple times.

Buying Bitcoin every month is not really necessary. You had an opportunity to buy when the price of Bitcoin decreased due to the pandemic. The price dropped to as low as $3,800 and even below that, and that’s the perfect time for anyone that wants to invest in Bitcoin, and do so with a huge amount of money. Now the price is going up and if you didn’t you buy you have missed out.

You can still get in at this time and if you’re lucky you will make profit. The halving is already close and I don’t know where the market will be heading to after the halving, whether it’s going to drop or keep going up. Let’s wait and see.

Since I am in it for the long Haul on not for short term trading, Im not really missing out I think.
I plan to hodl Bitcoin for a few years. :)

Then good to hear that?
It could be at high risk in trading unless if you are knowledgeable enough in this. But I presume that you don't know anything about trading and that holding is a certain thing you must have to do otherwise, you'll just throwing your money.

I bought some Bitcoins last week at $7.5k and look at now, maybe I was lucky and I am gaining now. Then the question is, should I sell it now? And the answer is "It depends on me", and just like the answer to OP's question.

There isn't really a time you can think of buying BTC. Best you could do is hold some FIATS and wait for dip in price. You can also take advantage of buying of specific amounts anytime you have cash.

When I was starting into the world of cryptocurrency and trading I make a lot of research, watching videos and reading a lot of articles what is the best way when is the right time to buy a lot of coins. Also here in this forum base on my conclusion most of the people follow the basic investment and trading which is buying when the price is dip also known when the market price of the coin falls down immediately most of the people are grabbing this kind of opportunities to make an investment or buy a lot of coins which is good and then they are now holding their coins and wait the market price of it becomes huge and profitable again. As a beginner, you can also use this kind of technique because most of the time it effective and also you can get a lot of profit with this but always take care sometimes choosing the best coin to hodl is the best if you want for a long term or short term investments.


Also you can try to make investment regarding with the use of the fiat currency because the market on this are volatile too it depends on you how you will handle the transaction. Today the fiat currency are still now slowly going back to normal which is good to buy a lot of coins.

Considering the time you had posted this where the price of BTC is pumping which I think is unusual and at this moment where I am typing this reply, there is an indication that it would dump:

This is clearly a case of FOMO whether you are doing this intentionally or not. This is not right since a good trader should think with a rational mind and I always got this notification from a known exchange in its mobile application warning me to trade responsibly in the times where the market is very volatile which involves risks which brings me to my next point. It is precisely with risks that the statement you had said shouldn't appeal to the emotions that might lead you to a loss but rather analyze what the graph tells you along with the information, news circulating around which you could use to lay foundations of your judgment.

Not right now really, we are already very high and we have increased like hell, which means you should not buy right now.
Of course, if you really want to get into the bitcoin world itself there is no stopping anyone, however it is not really a smart idea for today.

You could possibly maybe wait a bit, get USDT or something like that instead, which means you would be in the crypto world without buying bitcoin and risking your money, that way you can move your money anywhere you want as well, normally back in the day when you were in fiat you were in limited places, wherever you are using, now with USDT you can put them anywhere you want. I just want to make sure that nobody just goes into bitcoin right away when the price increased so much in a bull run.

The only problem with that strategy is that those huge drops do not really last that long, after such an important drop the market has a tendency to recover very quickly so you either have to watch the markets in a consistent basis or you need to set up your exchange account to send you alerts to your smart phone when there is such a huge drop so you do not miss it and you can take advantage of the opportunity that has presented itself to you.

If you ask the true bitcoin lovers (who are all the known long term holders) about when to buy bitcoins, then they will simply answer like "all the times are good to enter bitcoins because we are still in the beginning days of bitcoin's boom and you may consider yourself as an early adopter and late adopter of bitcoin yet to born" ;D :D. Yes, we have seen these at least 100 times across this forum's various boards.

Honestly, the current times must be most right time to buy bitcoins by considering the upcoming halving. You may not need to wait with holding if you expect some 10% or 25% of returns. But, it is highly recommended to hold until 2021 if you look for 10x profits. Yes, 1000% returns if you opt to hold for years. So, current time must be more profitable for the people who plan up for years.

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 am also following the same routine as you have been doing. I have been investing in Bitcoin for a certain amount from my paycheck every month and things are quite down as I started doing it from 2018.

I believe in the long run it will earn us a profit. In the meantime accumulate as much as you can as with less dollar value you will be getting more satoshi.

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.

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.

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.

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.

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.

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.

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!

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.

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.

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.

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.

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.

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.

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

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.

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.
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.

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.

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.

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.

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.

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 

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.

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/

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.

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☺️☺️☺️

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.

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.

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 .

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.

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.

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.

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."

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.

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.

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.

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.

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.

We should not be disappointed when the price of currency falls We have to wait patiently believing that the price will go up anytime It is easy to make a profit if the price goes up. I think now is the best time to buy The price of every currency in the crypto market is rising Bitcoin has moved to almost half of the events Prices are likely to rise further so we can get double profit if we buy and hold now. The market is rising steadily and the price of currencies is rising due to the impact of bulls Great time to buy and hold Bitcoin.

I think they can analyze to find the best time to buy altcoin or bitcoin, but the best time to buy is when the price is down deeper than the last price. But to get a good time, we need to wait for a while because the time will not be unpredictable so you need to use the alarm if the price can reach a level price. If the alarm sound, that means, you need to prepare on the market to buy the coin.

Not because you are buying as well like OP meaning this is not a rare attitude,because can you name other people that has this same objective?many of us here are buying monthly but that is when the price is at low level but not on the moment that bitcoin is in bullying time.

I rarely found even in my sets of friend that has been loyal to bitcoin butt hey prevent buying when the peak is there and when they felt like another dump is near to com.like what happen in 2017 when people buys more in december but suddenly becomes failure in january.

The most essential thing here in trading is patience and good timing. People are struggling when to buy and sell bitcoin because they aren't knowledgeable and aware of the market. In hodling, people are really greedy and tempted to sell even if it is not that necessary to do that, there are always a possibility of bitcoin to increase its price simultaneously and that's the reason why you should wait for the right and fixed moment.

But all of the things and happenings in your trading career is in your hand, it is up to you if you will do good in your transactions. In long term profit, you should really think critically to prevent short term losses because that can affect your trading quality if you let those losses enter your transactions. Always be aware about the market movement and the factors that affects it to read some changes in its price.

Personally one of the common questions of the people when is the right time to buy a lot of coin and bitcoin. For me, I used the traditional way of making profit what is that? When the market price drops or we called as the dip I bought a lot of coins just simply applying the rule if buy low and sell high that is the basic concept of making more profit or income and also it depends on your when you think that the market price of the coins drops so you can make a huge market income. It is not only the right time to buy or sell your coins but for me halving is one of the best effecting ways to do that kind of methods of earning because most of my investment and trading makes me a huge income with that so profit is with me.



One of the things we need to consider too is what kind of coin you will buy because when halving comes most of the people will be bought a lot of bitcoin but if not it is for altcoin season so be wise what and which coin gives you a huge income.

I still follow the most basic one buy low and sell high because i'm still making profit from it even if it takes a long span of time. Although we cannot predict the lowest value, but once the current price has dropped a bit lower, i will start buying bitcoin and then just patiently waiting when it will increase its price so i can start making profits. Of course patience would still be the best virtue not to panic when things aren't going your way.

If you believe in the growth of bitcoin, then the price that exists now does not matter to you. But this is only in theory) In practice, you should not buy BTC at the highest possible price. I believe that simply keeping your bitcoins in your account is not the right decision. Sometimes you need to sell your BTC and then buy it back at a lower price. But this already requires special knowledge)

That advice is true if what you're looking for is to hold your coins for a very long time but very few people have the patience to hold for that long, if what you're looking for is to obtain some decent profits in a short amount of time this market can give you those profits but for that you will need to learn to read the signals the market gives you and that is not easy to do because as we know the whales in this market are very powerful and they can manipulate some of those signals as they wish.

I want to say bitcoin buying near the have been more consistent and predictable especially within the first few days. Second, note the higher confidence of returns above zero. Buying at near term high does have a higher return in general, but its less consistent and comes with some downside risk. Even though there are no trading sessions that account for more or less volume, there are certain parameters to take into account before buying cryptocurrency. According to multiple analyses on average daily bitcoin prices.

There is nothing wrong with the method you're using to buy Bitcoin. Some of us don't do it that way, though, we just wait for the right time to buy. I don't buy every month, I only buy when I feel it's the right time to start buying. Whenever there are some situations whereby the price starts falling and people are selling, I usually take that opportunity to buy as much as I can and store them in my wallet and wait for when to sell.

When the pandemic affected the price earlier this year, I seized that opportunity to buy some coins and add to my wallet. The ones I had before decreased in price, I didn't sell them, it was already late so I decided to buy more and add to it lol. I guess any price levels just before the halving should be a great price to buy and hold as halving mat trigger another stronger waves like what we had in 2017.

My method of buying is when the price is low so that I can maximize the money that I will put into it, I think that it has been my mantra ever since my friend introduced me to bitcoin. I don't have problems with the way you spend your money to invest on bitcoin but I can see that you will be netting less profit because you are buying bitcoin no matter if the price goes up or not. My advice to Hodlers out there is to set a price where you are willing to let go of the bitcoin you are holding so that you will not wait for something that will result in fruitless endeavor.

Have anyone used indicator script from tradest.io?
I’m looking someone who can tell is it really that accurate.

If you will strictly follow that, I guarantee that you'll be able to grow your money here in crypto, but make sure you don't buy shitcoins, and to be safe, just buy bitcoin and just do that strategy every time you see a great entry price and then sell when the market is bullish again.

with the bitcoin's volatility, you can expect your money will grow in no time.

I'm not tradest.io user, but from their website they are claimed if has 78% accuracy, i think you need to re-thinking about this percentage. I have an alternative if you interest, you can use custom indicator or open script indicator on tradingview, this is will be safe for you since it available for free user. You can try and practice before implement in your real trading, DYOR

That is one of the basics of trading, to.buy low and sell high, that is what gives profit. However, it's not always easy to edtimate how low the price will go and when is the best time for buying. The same refers for selling too. So, there is always certain amount of risk and possibility for bad judgment, otherwise trading would be very easy, wouldn't it?
However, I completely agree that the best option is to stick to Bitcoin, experimenting with bunch of anonimous coins is not the best strategy.

The market has been very active lately and prices are changing very quickly. For this reason, if I need to comment according to today's market conditions, I think that every downward movement is a buying opportunity in the short term and I make my purchases in the declines that I consider as every price improvement. I think it is early for medium term purchases, so I continue to make purchases and sales without making medium term investment plans. As for the long term, I think the prices are very affordable, but since I am an impatient investor, I do not show much interest in my long term investments. Of course, I do not neglect to expand my long-term investment basket by separating my profit margin with the short-term transactions I have made from time to time. In summary, I think there is a purchase opportunity for the short term, I do not have a clear idea for the medium term, and I think we are at very good price levels for the long term investment.

if we can separate the greed from the expectation then possibilities is always there but the problem is people now that newly entered this market always look for profit but not to expect dropping thats why when it happens they automatically panic and sell .
for my years here the best and effective advice usually in topic is patience and yeah i have used this for many times and i mostly make good profit than when i am in rush.

I would say not to use any indicators aside from the price and only the price. When you look at the price you clearly see when it goes down and when it goes up, just act accordingly and you can buy when it is low and when it is high. If you see price moving from 4k to 8k, DO NOT BUY bitcoin, even if it goes to 10k after that. When price is going up that is the worst time to buy bitcoin.

However if you see it go from 10k to 8k you could start thinking about buying bitcoin a lot more, sure that is still a little drop and not enough to go all in, that type of small drop is when you go in a bit, still go in because you can make a profit, but not all in. However if you see it go to 6k after this, you can go all in. Believe me eventually it will be 10k again in 1 year after you buy at 6k.

I think this is the buying bitcoin near the low have been more consistent and predictable especially within the first few days. Second, note the higher confidence of returns above zero. Buying at near-term highs does have a higher return in general, but its less consistent and comes with some downside risk in crypto market. The market depend bitcoin is prone to a massive drop from time to time.

Yes, you are right if we just need to see the price. When someone decide to be an active trader, he/she want to get daily profit. When you say if we are buy in 8k and drop to 6k, bitcoin will back to 10k or even higher in the future, but its not effective for daily trader. That why many trader using indicator, with this tools at least they can analyze, take a decision or even set cut loss to minimize his/her asset drops in short period. Your suggestion for holder only, not for daily trader i think.

Using trading tools have that advantage than using nothing and it is quite difficult for day traders when they don't have any of these. Because in the situation as we have, it will take a big role and I think holders will do the same. Actually, I'd tried it to do trading without any indicator or any trading tools, you can say the difference and it is really hard to make a profit. That is how important to have them and use them all the time, not only for traders but also for you as an investor.

@OP, take everyone's advice with a grain of salt here because nobody can exactly say/predict when to buy BTC (they can't even predict what's the bottom for the year even if the bottom has already been served on the charts to them). Try to buy more every time you see a drop because drops are chances, huge chances of coming back and BTC always bounces back. Even if you bought at $20k and you'd have bought higher amount of BTC but the USD value is exactly the same - at $3000, you should be in green already.

I think now's an honest time to shop for from holders When the worth of BTC goes down if we buy and hold it then the worth will go up later Therefore, before buying a currency you've got to seem at the trading charts to ascertain which currency is probably going to travel up by crores. I can easily analyze through charts it's possible to urge more profit by investing in BTC. While the costs of other currencies are less likely to rise the costs of BTC and Ethereum are likely to rise So now's an honest time to shop for.

Best ever time to buy bitcoin is right after a huge time, more precisely when everyone start panic selling.This is the stratefy used by whales so as a smart investor we have to use this opportunity to make money for ourselves.

Buying from paycheck on monthly basis is also a great idea for real long term investors.

Since they are holders, they don't really care whether it's uptrend or downtrend as long as they think that a certain price is good to buy.

They will not sell after all so if ever a downtrend happened right after they bought, no worries as they will hold no matter what.

There is no definite answer about WHEN so try to make up an own decision by doing research and analysis.

Only one solution for good timing to buy and invest with cryptocurrency when bitcoin and altcoin have been support price, maybe you must waiting for when your target coin to buy touch lower price and sell after break out to higher price.

You are really doing good if your intention is for long period. According to you, you are not a day trader but buy monthly when you have your paycheck. There are a lot of strategies to speculate when the price might go down or up. There are something called technical and fundamental analysis, you can have research on this.

When you do have that HODLER mind then you would definitely do such thing where buying up coins when you do think its cheap and
dont tend to sell no matter how high the price do peak out.This is truly a definition of being a hodler but it isnt really bad to consider
to sell out on peaks for you to secure out profits.Just like what happen on previous ATH where people should cash it out
then buy again when the price goes down in 3k levels.Rinse and repeat.


Aiming for support? Everybody does but not all does have the balls to buy when the market is declining and thats a fact.

I take profit in fiat after growth. As a rule, any continuous movement is accompanied by a natural recession.
Such moments help me increase the number of BTC on the balance. The main thing is not to be greedy and come back in time.

Iam not sure if this BTC DCA tool is already be mention in this thread but it is a nice tool to see how your portfolio would have performed if you would have invest in Bitcoin with different parameters.
For example: If you would have invest 300$ a month during the last 3 years, you would have a 31.43% gain. But if you would have invest 10$ daily in the same period, you would have a 64.33% gain instead.
https://dcabtc.com/

...No matter how you do it, you do it wrong.   :D

We can't expressed that the coin price has decreased and already at the lowest price if we don't have any strategy. You can't use your prediction without any analysis, you will be depend on FOMO if you doing that and will make you get lose instead of you get profit. At least you have to know the trend line strategy, I think the strategy is really simple and easy to understood. And most trader out there has considered that trend line strategy is the best way to start buying and selling bitcoin or altcoin.

yes, indeed for example we want to buy and want to store bitcoin for a long time, you are not afraid of being wrong, because it is different if you buy bitcoin for you to trade in a short time, so for example when you buy it you think it is a high price and at that time bitcoin has lowered the price it doesn't matter, because when bitcoin has lowered the price for example you don't panic to sell it and you let the bitcoin that you already have, you won't lose the bitcoin that you have, so invest as much as you want for example you believe bitcoin will bring You to a better future.

Before buying, there are certain questions needing answers

1. Are u buying on the long or short term?
2. Are you well informed about the token you want to buy?

Answering those questions to yourself honestly will go a mile in dictating when to buy because you have information to guide your decision, the most idea way to buy is when it is bearish and low in price, second way is when it has a good support and showing confident prospective of having a bulls soon.

It all boils down to you doing a very good job researching

Thats average costing where you buy on a lower price if it tends to drop but it doesnt mean that you would focus or go all in in this case because we know that theres no assurance that btc would last up forever.

Always mind of the risk involved even if you do stick with Bitcoin but it doesnt mean that you are already on safe haven.Always take measures on possible scenarios to happen, whats important is that you do
able to secure out your profits and re-roll your profits to gain another profit.In that case, if market becomes worst you do at least wont regret since you already have secure initial investment.

It is always best to buy it when it is on its floor price. Just like commodities, it is best to buy when the price is cheap. That's effective. You can get more profit from it obviously. But it still depends on the the price by the time you sell. It's not the buy price that you have to consider but also the sell price. Actually it is more important because your profit will depend on it, not on the buy price. So, try focusing on that too.

I also have the same thoughts as you. The principle of investors is not to rush. Our mentality must stand firm against the rigors of the market. There is no benefit to those in a hurry. It took me several years of holding BTC to become rich.

I do the same, I buy each week a little amount of BTC not looking the price. In the long time I m in positive respect my investment. I also checked this kind of strategy on a website that simulate for amount, timing, and other variables the % of gain. With 10$ for week in 3 years since 2017 you are +66%

Its a very challenging question that when to buy as market is very fluctuating. I think when you think to buy a token you must see some characteristics of market like- that tokens last 15 days price up down statistics and at the same time BTC price. As per example i bought some KICK & DRG tokens last month but matter of sorrow that when i bought tokens BTC turned to pump so tokens price again fall and fall. Now if i can buy again that tokens in low price average market will my favour and when market will up, i will be gainer.

So like this example you have to think market condition before buy and you will be gainer.

thanks.

That is good. At least you can have more and more bitcoin while the price is not too high now. Who knows, if in the next months, bitcoin price increase more than the price now, and hit $10k again, so that means, you will make a good profit from that. And after the price hit the highest price, the price will go down again to make a correction to the lower price, and it will go to the higher price again. That will happen like that, and it will happen many times.

It will really just depend on the coin you are into because not all that have dumped would have the chance to pump.So its really hard to tell or to decide if you would buy those coins or would be afraid to do so

because its just normal that you would think on that it might even dropped way more lower thats why its really hard to make decisions here on a speculative market.Just like on whats said above on where it

do really need some sort of gambling decision because you would need to risk on if you do really believe on a particular project.

The price of Bitcoin is unpredictable and often goes against the crowd because if people are psychologically panicked, it will certainly not be profitable. I think one way or another, you need to consider carefully before deciding to buy because Bitcoin is currently very high and will soon have a major adjustment in the next few months.

Now that the amount of scams has increased we've to be a touch more careful Not just Bitcoin but every currency has got to be thoroughly analyzed before buying the market. you're right to understand the foremost effective trading strategies  If we will analyze the trade market well and buy bitcoin now's an honest time to shop for bitcoin because there's an opportunity for a price rise within the future.

Yes, what you are saying is right. We cannot predict with accuracy, but at least, we can predict where the price will go based on the trading history and analyze the market. We need to analyze before buying bitcoin because, with that way, we can find a good time to buy bitcoin, and that can help us to buy bitcoin at a low price. Like what we see now, bitcoin price is down deeper than a few days ago, so I think it is a good time to buy more bitcoin ;D

the price of Bitcoin has risen again to $ 9100, has gone up to $ 200 in a few minutes, seems to be returning to $ 9500,
but this should be the right moment for altcoin to move

I hope so. The price now still at $9,100 range so the chance for bitcoin price to go up still wide open. I am not sure if the altcoin can move at this moment because bitcoin already drop too deep than before but maybe, some of the altcoins can increase higher. But you need to be careful if you want to trade altcoin pair bitcoin because the altcoin can go down for more without we notice.

Everyone here wants to buy at the lowest price, but most of the time you can't really tell. It is just like what happened earlier this year, no one knew that the price will fall below $4000 when the pandemic started, it took them by surprised and while some were running out because they thought the price would go down to $2000 or $1000, others who are wise utilized the opportunity and started investing because they knew that's the opportunity they had and no matter what, the price will still go up.

buying at dips may help us to cover all possible lows. Because, no one could exactly predict the lower possible price levels, we do not have any other option except "buying at all dips". It means we should not go "all-in-one". Also, we must have enough patience to wait and watch. But, long term holders are having less hassles compared to what short term investors and traders are experiencing.

there are no signs that Bitcoin will return to $ 4000 or under $ 4000, the pandemic is still ongoing and it seems to have an impact on the crypto currency market, because according to current news the crypto and gold currencies are among the best investments, surely everyone does not want bad things to happen, always pray for better future

Im not saying that the current pandemic doesnt have any impact in gold or crypto but if this situation would go even further on where
it will cause economic recession then it would really be expected that there would be movements that would really connect into the issue.
Lets hope that we wont really go into that situation and answering about when to buy in hodlers point of view then it would be surely
on anytime since they do held of coins for long term then buying wont really be a problem no matter what price they are into.

   I am long-term investor, and I invest when I have money! Once a month from my salary, or once in two months,
depending on bonuses on my salary and expenses for current month for family and house.
   In few years when prices go up few dollars up and down will not make a huge difference in my opinion. And I
believe that will happen in few years. I started around two years ago and I think I need to hold at least 5 more years.

You can buy basically at any time, the results may vary of course but buying at every moment works wonders if you ask me. Bitcoin is a currency that is against fiat and fiat constantly loses value, look at USA right now, they have printed 2 trillion dollars, they are printing 2.2 trillion more and all of that combined makes dollars lose value as well, yet at the end of the day bitcoin gains value so to me that is awesome. I live in a country where dollar gains value as well, so to me, I am making even more and more.

Buy bitcoin right now, buy it a month later, buy it one year later, doesn't matter where you buy it. The real thing is, when will you sell it, that is the real question, if you sell it at profit that is awesome, if you can't wait and panic and sell, that is the real trouble.

That is a good way. The problem is, that you don't may to to  look about the price then. Many people don't make it and they still waiting for better prices. Its a pity that there a so less exchanges which offers a savings plan. I only know one.

Ideally, you should not buy Bitcoin through intermediaries. they will buff the price up very high and buy bitcoin will be different from the price on the CEX in crypto market. When you receive your salary each month, you should buy USDT, the price will not be too much difference and then you will use USDT to deposit to exchanges, then will buy Bitcoin, the price will be much cheaper.

I agree with you. If you buy, you should only buy USDT with Fiat, and after you have USDT, you should buy Bitcoin because it will be more accurate than buying Bitcoin directly.

Of course, the spread is very low and is usually only available to large investors entering this market. I also usually take profits in USDT and switch back to Fiat when enough and everything often happens very fast.

I think it all depends of what type of investors are you. Some may prefer to invest then hodl for a certain days, months or year(s) before they start selling. And also we do have some apps already these days that would pop up or tells us what is the price of Bitcoin on that day. Those weak hands investors will always fall because they can't wait and they lose their self-control. People should know that investment is always risky and they should minimize the risk before investing.

The answer will be subjective because we have different goals after all, but there are things that hodlers do not understand first and it is the identifying the trend. There are just buying and telling to themselves that they can be rich in the future by holding bitcoin but that kind of mentality is sucks especially for those who do not fully understand trading.

The best time to buy and hold is when there is a certain event which is the trend reversal where the downtrend will become a uptrend. It is the best time to accumulate bitcoin but there should be a risk management in order to handle unexpected situations.

If you are going to buy BTC right now, be careful because it doesn´t look like that the market will go up. Trading volume is decreasing and there is a big drop on hashing power, it dropped by tens of percents, last time that hashing power dropped so much, price followed it.  :'(

My chart says it going up though, I really think the drop today is just a slight change but will continue to go up in the next few days and maybe breaking that 10k resistance again.  So when they say you but the dip, you buy the dip because today it just dip to give everyone a chance for you to take a train ticket for the ride.

It will really vary on each person because not all would really have that kind of good self-control if they do experience these kind of scenarios specially when they do saw that their portfolio is on deep reds.It just a matter of risk management because not all would really be that prepare into situations in declining markets where they do normally panic out and sell off early because they are afraid that the price would go zero.lol. Buying opportunities will be most likely in times on where most people are on panic or losing confidence which is evident and obvious on market condition and thats the perfect
opportunity to buy but your emotions would be your primary enemy on this one.

Bitcoin price today has dropped to $8700 and lost more than 8% of its value in just one day. This coin is really hard to predict and usually very volatile. However, if you still choose a long-term investment, this price is still very cheap because I am sure in the next few years Bitcoin will soon surpass the old ATH and will be very high value if 5% of the population choose to invest.

altcoin has all experienced a sharp decline and has been in the accumulation zone since 300 days,
I hope there will be a big increase in altcoin this year, and if you want to buy altcoin, now is the time!