Bitcoin Forum

Other => Beginners & Help => Topic started by: Barikui1 on November 03, 2023, 02:14:02 PM



Title: Bitcoin, when to buy
Post by: Barikui1 on November 03, 2023, 02:14:02 PM
The growth of Bitcoin over years have made it one of the most sorted after asset in the world right now and to me it's a lifetime opportunity that needed to be seized,

So my question is when is the best time to buy Bitcoin?
 
Many people that have been into the industry before I even came in have mostly suggested the DCA method, some advice I allowed it to drop to my convenience price before I buy.

As a newbie I feel the DCA method is the best base on my own perspective of looking at it on the long term, I don't know if anyone have any better opinion? Because I believe in the hype that  this forum is filled with knowledgeable people about cryptocurrency.


Title: Re: Bitcoin, when to buy
Post by: Faisal2202 on November 03, 2023, 02:44:43 PM
So my question is when is the best time to buy Bitcoin?
 
Many people that have been into the industry before I even came in have mostly suggested the DCA method, some advice I allowed it to drop to my convenience price before I buy.

As a newbie I feel the DCA method is the best base on my own perspective of looking at it on the long term, I don't know if anyone have any better opinion? Because I believe in the hype that  this forum is filled with knowledgeable people about cryptocurrency.
DCA Indeed the best method to accumulate BTC over the period. And buying at dips can also be practiced while doing DCA you don't have to do one thing at a time. Before suggesting anything, you should know the difference between trading holding and the methods that suit best to achieve your aims or goals.

If you are planning to hold btc for a longer period then DCA is good for you but other than DCA you can do a lump sum(buying all at once). In most cases, Lump Sum can make you a better profit than doing DCA. The choice between them also depends on your goals and capital.

If you have a huge capital present at the moment, then you can do a lump sum and can take entries by doing a little but fragmentation (taking entries in parts) but in the long term (5+ years) these small entry parts don't make that much difference.

Long story short, if you have a lot of money now you can go for a lump sum and if don't then you might want to go for DCA. But first, ask yourself what are your goals and yeah doing your own research is also necessary.  The best time to buy is when you think that now is the good point (for long term) for short term you have to do TA and FA.


Title: Re: Bitcoin, when to buy
Post by: Richbased on November 03, 2023, 02:46:00 PM
The growth of Bitcoin over years have made it one of the most sorted after asset in the world right now and to me it's a lifetime opportunity that needed to be seized,

So my question is when is the best time to buy Bitcoin?
 
Many people that have been into the industry before I even came in have mostly suggested the DCA method, some advice I allowed it to drop to my convenience price before I buy.

As a newbie I feel the DCA method is the best base on my own perspective of looking at it on the long term, I don't know if anyone have any better opinion? Because I believe in the hype that  this forum is filled with knowledgeable people about cryptocurrency.


Of a truth the DCA is the best method to be applied at this point due to the market fluctuations as the DCA will enable you to invest a certain amount at different intervals so with this method it will be easier to buy the DIP and HODL till the price of stocks in the market skyrockets.

It is expected that cryptocurrencies like the bitcoin and some other coin still has the possibility to increase in the future so the bitcoin being a volatile asset can be invested on for better trading.


Title: Re: Bitcoin, when to buy
Post by: Patrol69 on November 03, 2023, 02:51:16 PM
Before knowing when is the best time to invest, first you need to be sure how much you know about investing. In addition to knowing how much you know about investing, we also need to know whether you have enough money to invest. If a person does not know enough about investment and if he does not have the financial support to invest then it is better to refrain from investing because you should invest the amount of money you can lose and should not invest more than that. Investing a certain amount of money will have a direct impact on your lifestyle. If you have good idea about investment and if you have good financial support then you can start your investment now. If you start investing now you will surely get good from this investment in future because the market is quite positive now and the market will go better in future.


Title: Re: Bitcoin, when to buy
Post by: Shishir99 on November 03, 2023, 02:52:38 PM
As a newbie I feel the DCA method is the best base on my own perspective of looking at it on the long term, I don't know if anyone have any better opinion? Because I believe in the hype that  this forum is filled with knowledgeable people about cryptocurrency.

I guess they have suggested the correct thing and I don't think there is a better method other than DCA at this moment. However, If you can buy the most dip, that will be good for you. But we never if we are ever going to touch the 15K range or the 20K range. We are expecting a bull run after the halving event. At least most of us expect Bitcoin will be over 100K next year.

We don't know if Bitcoin will ever go down to the lower level like the 15K range. So it's better to start accumulating every week so you don't have to wait for the dip. If you see the downtrend, you will be able to buy then. For now, DCA is best.


Title: Re: Bitcoin, when to buy
Post by: Coin_trader on November 03, 2023, 03:03:11 PM
As a newbie I feel the DCA method is the best base on my own perspective of looking at it on the long term, I don't know if anyone have any better opinion? Because I believe in the hype that  this forum is filled with knowledgeable people about cryptocurrency.

DCA is the best method to buy Bitcoin in a much spread price to have a better position especially if you are the kind of person who keeps looking forward to purchase at bottom price as much as possible.

Buying Bitcoin in general is good idea because Bitcoin is the most successful and safe cryptocurrency in the market because of its true decentralized nature. Purchasing Bitcoin at any price point will surely give you return in the future if you will just hold since Bitcoin grows in parabolic pattern since the beginning. I personally purchased Bitcoin whenever I have money that is an excess to my business profit. Excess by means my business can run efficiently with or without this money in use.


Title: Re: Bitcoin, when to buy
Post by: Hamza2424 on November 03, 2023, 03:22:43 PM
Long story short, if you have a lot of money now you can go for a lump sum and if don't then you might want to go for DCA. But first, ask yourself what are your goals and yeah doing your own research is also necessary.  The best time to buy is when you think that now is the good point (for long term) for short term you have to do TA and FA.

OP  seems to be new here, even though he had a lot of capital amount the Lumps-Sums cant be a better option for him because it requires some experience & good analysis skills to enter. TBH I won't recommend going for the DCA to any of the members if he's experienced.

I know both come with some pros & cons, but DCA can be a good solution, the best all-rounder you can say for newbies & for the experienced ones they can modify DCA accordingly because it fixes the risk management & fud or FOMO-related physiologically strong issues. You can say it is a top-grade technique for effective risk management and profit/investment goals.

Also, TA & FA are recommended for the short term they come in handy or assist whatever you get better when it comes to long-term or cyclical investments or you can consider a generation-to-generation accumulation as well. In short terms, the game revolves around the pattern of price action which revolves around the sentiments and sentiments around the latest market developments according to the zone. Hehe Long story short the short-term market momentum is always based on the developments.


Title: Re: Bitcoin, when to buy
Post by: Gallar on November 03, 2023, 03:57:06 PM
The growth of Bitcoin over years have made it one of the most sorted after asset in the world right now and to me it's a lifetime opportunity that needed to be seized,

So my question is when is the best time to buy Bitcoin?
If you want to buy bitcoin and invest it for the long term, the right time to buy bitcoin is now. Because now is the last year before Bitcoin enters its halving cycle which usually occurs within 4 years. Then after the bitcoin halving arrives, usually after that there is always a bullish market that comes and at that time usually the price of bitcoin will soar high and can even reach a price that bitcoin has never experienced before (ATH). So in my personal opinion, if you are interested in the potential of Bitcoin and want to invest in it, now is a good time to buy it. However, I suggest you study bitcoin science first in more depth. So that when you start investing in Bitcoin you don't encounter any errors or problems. Because even though it is true, Bitcoin is an asset that has enormous potential to continue to experience price increases. However, if for example when you start investing in Bitcoin and your knowledge is still lacking, I personally think the possibility will be very dangerous for your Bitcoin investment. Therefore, first learn all the knowledge related to the field of bitcoin investment.

~Snip
As a newbie I feel the DCA method is the best base on my own perspective of looking at it on the long term,
~Snip
The DCA method is indeed a very good technique and as far as I know is widely used by bitcoin investors. Because as far as I know, the DCA system is like saving or collecting cold money regularly to invest in bitcoin. So DCA is a very simple technique, therefore I also highly recommend this technique. Because I personally also use the DCA technique to continue increasing assets in Bitcoin. But don't forget to use cold money/capital to invest in bitcoin. Because if you invest in bitcoin and don't use cold money/capital, in the future this could mess up your bitcoin investment.


Title: Re: Bitcoin, when to buy
Post by: sokani on November 03, 2023, 04:09:53 PM
So my question is when is the best time to buy Bitcoin?
The best time to buy Bitcoin is during the bear season and the best time to sell is during the bull season. Right now the market is partially bearish, so you can grab a bag and hold while we wait for the bull season.  

Many people that have been into the industry before I even came in have mostly suggested the DCA method, some advice I allowed it to drop to my convenience price before I buy.
DCA is for persons that are buying in smaller units every week or month based on their financial strength. You don't have to wait for the price to keep dropping down before buying because it might not drop and you could miss the opportunity to buy at a lower price. So as you money comes, just buy and hold.

As a newbie I feel the DCA method is the best base on my own perspective of looking at it on the long term, I don't know if anyone have any better opinion?
Lump sum and DCA are the two ways you can make your Bitcoin purchases, whatever method you choose is fine and it depends on your preference or how deep your pocket is.


Title: Re: Bitcoin, when to buy
Post by: Nheer on November 03, 2023, 04:42:29 PM
The growth of Bitcoin over years have made it one of the most sorted after asset in the world right now and to me it's a lifetime opportunity that needed to be seized,
Slowly Bitcoin have become popular as years goes by, the population of people adopting bitcoin is steadily increasing and even those who used to be afraid and think it is a scam investment now understand it’s concept. In my opinion ignorance have been the major setback why people didn’t adopt it but as it’s knowledge is being shared all over the world now everyone now want to be part of it and seize the lifetime opportunity.

So my question is when is the best time to buy Bitcoin?
It all depends on whether you intend to hold for a short time or a long time. Everyone wants to invest at a low price so they may benefit. There are a few things to think about when investing in bitcoin for a short time. First, a thorough market analysis must be done, which can be costly and risky. However, for beginners and those who plan to hold their bitcoin for a long time, I also think the DCA strategy is the best because it eliminates the need to constantly monitor the market price or make precise timing decisions. Bad timing is avoided with the DCA method.


Title: Re: Bitcoin, when to buy
Post by: alastantiger on November 03, 2023, 05:10:41 PM
So my question is when is the best time to buy Bitcoin?
The best time to buy bitcoin is the time when you have done your research and understood that bitcoin is not a get-rich-quick- scheme. The time doesn't matter but the knowledge of bitcoin is what matters. It is only those who FOMO that tend to consider the price.
 
Quote
As a newbie I feel the DCA method is the best base on my own perspective of looking at it on the long term, I don't know if anyone have any better opinion? Because I believe in the hype that  this forum is filled with knowledgeable people about cryptocurrency.

You got that right DCA is one of the most recommended strategies to buy bitcoin and build from them on. Another better strategy than buy is to allow people pay you in bitcoin. This way you avoid the stress and hassle associated with buying from exchanges. If you have a good skill you can request to be paid in bitcoin assuming your client is okay with it.

Another way of getting bitcoin is through trading. But this is for professionals.


Just stick with the two methods above and you will be just fine. For the DCA, you could do it manually or set it up so that at a specific period you are reminded to do it.


Title: Re: Bitcoin, when to buy
Post by: Zanab247 on November 03, 2023, 05:19:15 PM
Quote from: Barikui1
So my question is when is the best time to buy Bitcoin?
You can buy BTC at anytime , but I Buy BTC whenever I received salary from my working place, and wait for another salary to come before I can still buy waiting for massive bull run to come, because am use to long term hodling which some newbies are afraid to involve themselves, but newbies prefer short hodling where they can start making little profits before they can improve. But many newbies buy BTC when there is bear season on ground and hodl for the price to rise to some stage before they can sell to make profits from the market which, I will advise you to buy when the price is low in the market and sell when the price is high in the market.
 
Quote
As a newbie I feel the DCA method is the best base on my own perspective of looking at it on the long term, I don't know if anyone have any better opinion? Because I believe in the hype that  this forum is filled with knowledgeable people about cryptocurrency.
I believe many potential hodlers have given you some advice in this trend that will help you in the BTC investment but don't forget to carry out your own research to know if you are good in long term hodling or short term hodling before investing the money you can avoid to lose.


Title: Re: Bitcoin, when to buy
Post by: HONDACD125 on November 03, 2023, 05:23:49 PM
The growth of Bitcoin over years have made it one of the most sorted after asset in the world right now and to me it's a lifetime opportunity that needed to be seized,

So my question is when is the best time to buy Bitcoin?
 
Many people that have been into the industry before I even came in have mostly suggested the DCA method, some advice I allowed it to drop to my convenience price before I buy.

As a newbie I feel the DCA method is the best base on my own perspective of looking at it on the long term, I don't know if anyone have any better opinion? Because I believe in the hype that  this forum is filled with knowledgeable people about cryptocurrency.


There is no doubt that you will find useful and good information about the crypto currency market on this platform. You have chosen the best platform to learn and get information. Best time to buy Bitcoin is bear season If you know about Bitcoin bull season and bear season then you can buy Bitcoin at right time. During the bear season, you have the chance to get more Bitcoin at a lower price, and when people are afraid to buy Bitcoin, that is the best time to buy Bitcoin.

DCA is also a good method, because no one ever knows the absolute bottom, So the more Bitcoin falls, he keeps buying Bitcoin keeping a reasonable gap in price. However, I think the best time to buy is when the price of Bitcoin has dropped at least 60% from its all-time high, then is the best time to buy. If you want to buy with half of your capital, this can be a good decision. So that if the price falls further, you have capital and can buy further down.


Title: Re: Bitcoin, when to buy
Post by: Jegileman on November 03, 2023, 05:33:58 PM
So my question is when is the best time to buy Bitcoin?
 
Many people that have been into the industry before I even came in have mostly suggested the DCA method, some advice I allowed it to drop to my convenience price before I buy.

There is no ideal moment to acquire bitcoin, and if you are always waiting for the price to drop to a specific price you set for it, you will not be able to buy and hold a large number of bitcoins as you are prepared to invest for the long term. I just noticed that you're familiar with the DCA method, indicating that you've been involved with bitcoin for some time. The DCA approach is used by those who can't acquire a lot of bitcoin at once; it helps them balance their portfolio by buying at low and high prices. It is an excellent approach for individuals who do not have the funds to invest in bitcoin all at once.

As a newbie I feel the DCA method is the best base on my own perspective of looking at it on the long term, I don't know if anyone have any better opinion? Because I believe in the hype that  this forum is filled with knowledgeable people about cryptocurrency.

This isn't simply a hyped forum; it deserves to be overhyped since it offers information about bitcoin that you won't find anywhere else online. As you continue to connect and grow in the forum, you'll realise how great of a place it is, full with knowledgeable individuals and information.


Title: Re: Bitcoin, when to buy
Post by: Honyek on November 03, 2023, 06:18:47 PM
The right time to buy bitcoin is now if you have the money, or later if you don't. However, whenever you are ready and want to make a purchase, it is very important to know the current situation of bitcoin and its record, so that you can be able to make proper decision. Concerning investment, you will be able to know exactly which one to go for.


Title: Re: Bitcoin, when to buy
Post by: EL MOHA on November 03, 2023, 06:32:48 PM
DCA is for persons that are buying in smaller units every week or month based on their financial strength. You don't have to wait for the price to keep dropping down before buying because it might not drop and you could miss the opportunity to buy at a lower price. So as you money comes, just buy and hold.

I don’t think it is only for people but smaller satoshi but can also be use by even Those that a lot of money available to buy, this will help them to minimize loss and also maximize profits. Going in all at once even when the price is at his low is not that great than buying at different price ranges with the DCA method.


Title: Re: Bitcoin, when to buy
Post by: ZAINmalik75 on November 03, 2023, 06:55:56 PM
The growth of Bitcoin over years have made it one of the most sorted after asset in the world right now and to me it's a lifetime opportunity that needed to be seized,

So my question is when is the best time to buy Bitcoin?
 
Many people that have been into the industry before I even came in have mostly suggested the DCA method, some advice I allowed it to drop to my convenience price before I buy.

As a newbie I feel the DCA method is the best base on my own perspective of looking at it on the long term, I don't know if anyone have any better opinion? Because I believe in the hype that  this forum is filled with knowledgeable people about cryptocurrency.
There is no other option other than doing DCA if you want to hold your BTC for the long term, but you can do a lump sum too if you have funds in your hand right now. But most people go for DCA because they don't have enough money to do lump sums, so they use some of their monthly earnings or salary to invest in BTC on a weekly or monthly basis. But keep in mind that even if you are doing DCA or lump sums, you have to save some funds for emergencies.

You can use those funds either to buy more when the market comes down or if you have some kind of emergency and need funds for that.

I have learned this thing from my past experiences, and I highly suggest you save funds for emergencies and not invest all of your funds, even in DCA or lump sum. Because, let's say you have the capability to buy 1 BTC now for $35,000 and you buy one now by doing Lump Sum, and once the market goes up, like near-old ATH, your money will be doubled, which might not be doubled if you do DCA.


Title: Re: Bitcoin, when to buy
Post by: bangjoe on November 03, 2023, 07:15:42 PM
So my question is when is the best time to buy Bitcoin?
The right time to buy bitcoin is when you have money to invest, your finances are in a safe position, and your knowledge is adequate as an investor in maintaining your bitcoin.
This sounds normal/commonplace but quite important to have before you invest in Bitcoin because it will involve your investment in the future.

As a newbie I feel the DCA method is the best base on my own perspective of looking at it on the long term, I don't know if anyone have any better opinion? Because I believe in the hype that  this forum is filled with knowledgeable people about cryptocurrency.
The DCA strategy is quite good and this strategy is the most flexible strategy in every market state, so we can buy in cheap or expensive conditions with the time that has been determined, but maybe everyone's view is different about a strategy in making purchases, but in my opinion Personal DCA is the best especially when the market in the bearish season, the DCA strategy is far more effective.


Title: Re: Bitcoin, when to buy
Post by: suzanne5223 on November 03, 2023, 07:39:29 PM
The growth of Bitcoin over years have made it one of the most sorted after asset in the world right now and to me it's a lifetime opportunity that needed to be seized,

So my question is when is the best time to buy Bitcoin?
You said yourself that having Bitcoin is a lifetime opportunity. Technically, every time is the best time to buy BTC. What matters most is how you secure your BTC, your knowledge, and understanding about the market, and the plan you have for the investment you made in BTC.

Many people that have been into the industry before I even came in have mostly suggested the DCA method, some advice I allowed it to drop to my convenience price before I buy.
As a newbie I feel the DCA method is the best base on my own perspective of looking at it on the long term, I don't know if anyone have any better opinion? Because I believe in the hype that  this forum is filled with knowledgeable people about cryptocurrency.

DCA is a good investment based on how it gives room for more financial activities and reduces the impact of the market's short-term volatility which could lead to a panic sell but it is also a disciplined investment method.
You can wait till the market drops to your convenience but the chance of BTC going below $30K is slim.



Title: Re: Bitcoin, when to buy
Post by: BIT-BENDER on November 03, 2023, 07:55:02 PM
I don’t think it is only for people but smaller satoshi but can also be use by even Those that a lot of money available to buy, this will help them to minimize loss and also maximize profits. Going in all at once even when the price is at his low is not that great than buying at different price ranges with the DCA method.
Don't get me wrong mate but you have made a very good advice here but I think this would apply better when talking about altcoin, the reason why I haven't gotten my desired amount of Bitcoin yet is about I don't have the financial capacity and not that i have any doubt about Bitcoin, accumulating Bitcoin should not only be seen as an investment plan but as a channel to breaking the barriers and challenges of the traditional financial system.


Title: Re: Bitcoin, when to buy
Post by: 2Pizza410000BTC on November 03, 2023, 08:53:10 PM
The growth of Bitcoin over years have made it one of the most sorted after asset in the world right now and to me it's a lifetime opportunity that needed to be seized,

So my question is when is the best time to buy Bitcoin?
 
Many people that have been into the industry before I even came in have mostly suggested the DCA method, some advice I allowed it to drop to my convenience price before I buy.

As a newbie I feel the DCA method is the best base on my own perspective of looking at it on the long term, I don't know if anyone have any better opinion? Because I believe in the hype that  this forum is filled with knowledgeable people about cryptocurrency.

OP your question is what is the best time to buy bitcoin? If you have enough funds to invest then I would say the current time is enough for you to buy bitcoins. Bitcoin investment is not enough for you if you don't have funds no matter how volatile the Bitcoin market is. But if you have enough funds to buy bitcoin right now then this is enough time to buy bitcoin. Even so, since you haven't been involved in Bitcoin for a long time, don't dwell on what happened in the past and focus on the present. Bitcoin investment will be the best for you if you can move forward with the present time priority. Once people were not much confident in bitcoin investment now people have become much more confident in this bitcoin investment. So I would say to the late comers to Bitcoin, there is still plenty of opportunity to invest, I think you will see maximum success very quickly.


Title: Re: Bitcoin, when to buy
Post by: KingsDen on November 03, 2023, 10:18:18 PM
The first question of whether this is the right time to buy all depends on your investment goal. If you are a short term investor who is waiting to take profit within few weeks, this might not be a good time to buy. But if you are a long term investor who might not take profit till after 1 or 2 yes, this is a good time to buy, especially if you will apply your second question.

The first question about the DCA method of investing in bitcoin. It has been proven to be one of the best ways to accumulate wealth in not only cryptocurrency but also in other sphere of life.


Title: Re: Bitcoin, when to buy
Post by: Zigabel on November 03, 2023, 10:48:51 PM
So my question is when is the best time to buy Bitcoin?

Talking about the best time to buy Bitcoin, I will give a straight answer which is, Now is the best time . For an asset that is continually on the rise there's never a best time to buy it because if you keep waiting for the best time, the next time you come, you me see that it has appreciated above what you knew it to be earlier so now is always the best time to buy your Bitcoin.

Few years back Bitcoin was cheaper than it is now so for someone who bought for a long term , should by now have accumulated some profits regardless of the up and down movement of price because it continues to appreciate, it only falls at time to make come retracement and further finds it's way up, Bitcoin is never depreciating like Fiat so it has remained a stable investment especially for the long time. Some people will advise you but Bitcoin during the dip but first you need to understand the concept of deep els you will keep waiting while Bitcoin will keep appreciating. If you continually wait for a deep you will never get a good opportunity as a deep is Bitcoin retesting an old price before moving up above it again so for every deep there's an old price that wants retested and it's definitely not going lower or cheeper than that price so no opportunity is better than when you meet it.


Title: Re: Bitcoin, when to buy
Post by: hatshepsut93 on November 03, 2023, 11:54:21 PM
Bitcoin in the past demonstrated strong cyclic behavior with bull and bear markets, which makes it simple to suggest investing in bear market. We are currently in the final months of a bear market, according to this pattern, and will be leaving it after the halvening. If you have funds, it's better to put them into BTC now, than to stretch it over some period of time. DCA yields better results if the price keeps going down, but if it goes up, then you'll be getting less coins.


Title: Re: Bitcoin, when to buy
Post by: Bd officer on November 04, 2023, 03:04:55 AM
OP, I've heard many stories of people regretting why they didn't learn about Bitcoin earlier, why they didn't invest in Bitcoin earlier. You're new here and you've heard of Bitcoin by now, so I think it's a good enough time for you. Because in 2025, many predict that the price of Bitcoin may exceed 100k. If you have a source of income, invest in bitcoins with what you can afford to lose. Keep in mind that investing in Bitcoin is risky, but nowadays everyone has a lot of confidence in Bitcoin. You have heard about DCA which is very good, you invest in Bitcoin following DCA. It is expected that if you hold for 3-4 years, you will get a lot of profit.


Title: Re: Bitcoin, when to buy
Post by: ImThour on November 04, 2023, 04:49:51 AM
Depends on your thought process and your HODLing strategy.

If you want to go for long run, today is a good day to buy. Tomorrow is also a good day to buy. You get it?
If you want to do trading or sell just after a sudden 20% UP move, you shouldn't even think about buying Bitcoin.

Anytime before the Bitcoin Halving in next year is the best time to buy Bitcoin.


Title: Re: Bitcoin, when to buy
Post by: Adbitco on November 04, 2023, 05:27:59 AM
I don't know why people are always seeing themselves as being late to bitcoin yes we know that bitcoin prices has gain much interest compared to back in the day where it was sold for less than $200 to $1000. I think what people should be considering now is that were the price could likely be in time to come if they will keep saying they are late or what best methods to applied to acquire bitcoin.

To me I only see the future as something that may be more difficult for people to acquire some fractions of bitcoin and now that you and I have all the best opportunities to at least have about $1k to $10k worth of bitcoin. You can buy that of $1k and hold till many years you feels like because the more we encountered halving the more bitcoin keeps increasing by then it could be very hard for people or average people to hold a decent volume of bitcoin.


Title: Re: Bitcoin, when to buy
Post by: Mpamaegbu on November 04, 2023, 07:57:22 AM
Because I believe in the hype that  this forum is filled with knowledgeable people about cryptocurrency.
Well, it's not a hype. It's true. There are a great number of knowledgeable guys in here who are even ever ready to pass across what they know to others for free. All you've to do is ask, and ask in the relevant boards.

Concerning the DCA you mentioned. Yes, it's a better way to accumulate Bitcoin (or any crypto) than buying at once if you've the set skills to spot Resistance and Support areas. If you aren't good at TA (Technical Analysis) you're likely to mess it up and miss the bus big time. To be on a safe side, just buy right now. We're approaching the Bitcoin halving event and price will soon go gaga up there.



Title: Re: Bitcoin, when to buy
Post by: michellee on November 04, 2023, 08:31:33 AM
The best time to buy Bitcoin is when the price is low. You can use the DCA method to buy Bitcoin so you don't think too much about its price movements. The DCA method is the best way to accumulate more Bitcoin at various prices. The important thing is that you can regularly buy Bitcoin with the same amount of money.

By using the DCA method, you can be sure to buy Bitcoin for a certain period. Now is still the best time to buy Bitcoin, especially if there is a deeper decline shortly.

You don't need to rush or worry if the price decreases because it is a bonus for you so you can buy more Bitcoin. We've seen it dip so often that it's a good time to buy it.

What we have to pay attention to when using the DCA method is being disciplined and routine in buying Bitcoin. And even if we buy it when the current price is higher than yesterday, that's okay because our target is long-term.


Title: Re: Bitcoin, when to buy
Post by: Jon_Hodl on November 04, 2023, 10:54:20 AM
I would say that DCA is the best way because it mitigates the risk of loss over time. Even if you started buying at the top but you never stopped a DCA purchase during the price slump over the past year or so, you would have lowered your cost basis so much that your overall holdings now have a greater fiat valuation against every fiat currency.

This is a great tweet from Wicked Smart Bitcoin that shows just how valuable buying over time with a DCA really is: https://twitter.com/w_s_bitcoin/status/1719851382264521037

I also really like the Bitcoin Profitable Days chart from Look Into Bitcoin (https://whatsbitco.in/look-into-bitcoin) because it shows just how valuable it is to hodl over long periods of time. With a DCA, you end up buying more when the price is lower and less when the price is higher. Also, if you keep track of your average purchase price, then you can obviously buy more when the price is below your average cost per coin.

In short, bitcoin is long-term savings for long-term thinkers and DCA is a long-term way to buy. 


Title: Re: Bitcoin, when to buy
Post by: Fara Chan on November 04, 2023, 11:13:51 AM
The growth of Bitcoin over years have made it one of the most sorted after asset in the world right now and to me it's a lifetime opportunity that needed to be seized,

So my question is when is the best time to buy Bitcoin?
 
Many people that have been into the industry before I even came in have mostly suggested the DCA method, some advice I allowed it to drop to my convenience price before I buy.

As a newbie I feel the DCA method is the best base on my own perspective of looking at it on the long term, I don't know if anyone have any better opinion? Because I believe in the hype that  this forum is filled with knowledgeable people about cryptocurrency.
If you are very confident in Bitcoin and the DCA method and can feel comfortable enough to use it, I think you just need action from yourself to try it. Although generally the right time to buy is when the price of Bitcoin has decreased, if you prefer the DCA method, I don't think you need to be affected by the price because you can buy it slowly using this method. Be it every week or every month because most of the time now is very suitable for buying assets like Bitcoin.


Title: Re: Bitcoin, when to buy
Post by: Essential10 on November 04, 2023, 03:07:46 PM
The growth of Bitcoin over years have made it one of the most sorted after asset in the world right now and to me it's a lifetime opportunity that needed to be seized,

So my question is when is the best time to buy Bitcoin?
 
Many people that have been into the industry before I even came in have mostly suggested the DCA method, some advice I allowed it to drop to my convenience price before I buy.

As a newbie I feel the DCA method is the best base on my own perspective of looking at it on the long term, I don't know if anyone have any better opinion? Because I believe in the hype that  this forum is filled with knowledgeable people about cryptocurrency.

If you have enough funds to invest, there may be enough time to buy bitcoins, if you are familiar with the volatility of the bitcoin market and can analyze it properly. However, it is important to invest mentally and in alignment with one's primary financial goals. Depending on the nature, investing in DCA can be both fiduciary and risky. With this method you can buy a fixed amount of bitcoins for a fixed period of time, which will not have a fixed effect on the price over time. It is possible to fix when to buy bitcoins using the DCA method. This gives you the opportunity to consider the price situation on the second side and you can change it if necessary in the future. You can follow your fixed dividend and required conditions.


Title: Re: Bitcoin, when to buy
Post by: aysg76 on November 04, 2023, 04:11:32 PM
The best time is when you are ready to invest and how come someone tell you what's the best time? It is easy to say invest at low and sell at high but who decides these low-high points? The decision is in your hands so just go with it without wasting time and waiting for right time as im coming time you will only regret not investing in it like the same old feelings we have from past.


Title: Re: Bitcoin, when to buy
Post by: Faisal2202 on November 04, 2023, 06:28:42 PM
OP  seems to be new here, even though he had a lot of capital amount the Lumps-Sums cant be a better option for him because it requires some experience & good analysis skills to enter. TBH I won't recommend going for the DCA to any of the members if he's experienced.
You don't recommend to go for DCA and you also think Lump-sum can't be a better option for OP then what should he do  ;)
I know both come with some pros & cons, but DCA can be a good solution, the best all-rounder you can say for newbies & for the experienced ones they can modify DCA accordingly
You are right, but think for another second, the risk involved in doing Lump Sum at the current moment is that the OP is new, has less knowledge of how to buy, doesn't know the networks properly, is not familiar with the exchanges, and is unsure of which is best for him in the context of taxes and security, and most importantly, how he would keep those amounts safe. Then, besides all this, there are other factors like market analysis, etc. Considering all the points in mind, lump sum can be a good option if OP covers all of them, because they don't require years to learn. If he does lump sum now at the current market rather than doing DCA, he might be making more money, but emergency funds are necessary to be kept aside.
Long story short the short-term market momentum is always based on the developments.
There is no doubt in it, that's why I mentioned FA with TA.  ;)


Title: Re: Bitcoin, when to buy
Post by: TakeItEasy on November 04, 2023, 06:44:42 PM
The growth of Bitcoin over years have made it one of the most sorted after asset in the world right now and to me it's a lifetime opportunity that needed to be seized,

So my question is when is the best time to buy Bitcoin?
 
Many people that have been into the industry before I even came in have mostly suggested the DCA method, some advice I allowed it to drop to my convenience price before I buy.

As a newbie I feel the DCA method is the best base on my own perspective of looking at it on the long term, I don't know if anyone have any better opinion? Because I believe in the hype that  this forum is filled with knowledgeable people about cryptocurrency.


In my opinion, when the market is good enough to give you profit then it would be better time to invest in the bitcoin. And you also know that we have seen in the previous days bitcoin was pumping hardly and now the price is enough to give a profit. But it also depends on your funds, for example how much fund you are holding plays also an important role in the profit of a trader.

Also, when the bitcoin was below $25k that was also a better time to invest in that, BTW waiting for the DCA method is also a wise thinking of a trader, it is already told by many top trader. But investment needs some planning to do it before, this step can mostly trader try out and they have more time to got to the profit.


Title: Re: Bitcoin, when to buy
Post by: nurilham on November 04, 2023, 09:48:31 PM
So my question is when is the best time to buy Bitcoin?
As long as we are in the bearish season, don't worry to buy Bitcoin. We are still in the year of bearish season, the next year is the first year of bullish season if we consider the previous cycle. Anyway, the current price of Bitcoin is also still around $34k, it is quite far from the ATH ($69k). Usually, when we are in the bullish season, the price will create a new ATH. Ideally, it should be above $69k. So, it is quite safe to buy now if you have funds.

Many people that have been into the industry before I even came in have mostly suggested the DCA method, some advice I allowed it to drop to my convenience price before I buy.
If you understand what DCA is, it is no problem to apply it. But makes sure that you know it well.
Don't just follow what people suggest to you. You must ensure whether it fits to you or not.



Title: Re: Bitcoin, when to buy
Post by: Roseline492 on November 04, 2023, 10:27:30 PM
The DCA strategy is quite good and this strategy is the most flexible strategy in every market state, so we can buy in cheap or expensive conditions with the time that has been determined, but maybe everyone's view is different about a strategy in making purchases, but in my opinion Personal DCA is the best especially when the market in the bearish season, the DCA strategy is far more effective.
Yeah is one of the best strategy to use in times of investment, however the DCA helps to guide an investor especially the new people on cryptocurrency on how to accumulate Bitcoin with a risk management.

One of the things I like about DCA strategy is that it doesn't only benefit the rich but also the less privilege who doesn't have much money but are eager to invest on Bitcoin, however by educating them on how to invest using the only money they can afford to accumulating it bit by bit.

Although one of the things about DCA strategy is that you don't accumulate everything at once because it has to do with accumulating with a lesser amount of money but with the possibility of getting to your investment target in the future.



Title: Re: Bitcoin, when to buy
Post by: HajiBagi on November 06, 2023, 06:12:25 AM
So my question is when is the best time to buy Bitcoin?

According to what I understand, you can purchase bitcoin whenever you want, but the most advantageous time to do so is when its price hasn't increased. Nevertheless, you can still invest right now because the market bull run hasn't yet begun, dispelling the myth that doing so will not yield any profits. You can do so now, and I think the market will rise, so you'll profit from your investment, buddy.

You can buy BTC at anytime , but I Buy BTC whenever I received salary from my working place, and wait for another salary to come before I can still buy waiting for massive bull run to come, because am use to long term hodling which some newbies are afraid to involve themselves, but newbies prefer short hodling where they can start making little profits before they can improve. But many newbies buy BTC when there is bear season on ground and hodl for the price to rise to some stage before they can sell to make profits from the market which, I will advise you to buy when the price is low in the market and sell when the price is high in the market.

Yes, you are correct about some newbies, but I think you should have said "some newbies." The reason I say "some newbies" is that not all newbies like holding their bitcoin for a short while; the only one who cannot hold their bitcoin for very long is not capable of engaging in any cryptocurrency-related activities. Whether you like it or not, you must learn how to hold your coin for extended periods of time because if the market is not strong enough for you to sell it, you will not. Some newbies are very intelligent when it comes to cryptocurrency; I have seen a lot of them in this forum, and even when the market starts to pick up steam, they will always prefer to hold onto their coin to make sure the bull run is strong enough to motivate them to sell. Some newbies are very understandable that they even really understand how to invest in bitcoin and hold for a period of time.


Title: Re: Bitcoin, when to buy
Post by: blckhawk on November 06, 2023, 07:03:38 AM
The best time to buy bitcoin would be the time when bitcoin price is freefalling or during the bear season, I mean that's the time when people are panic selling hoping to cut their losses or just panicking entirely because a lot of them don't really like their investment going down in value. For me and maybe other logical people out there, that's the best time but you have to understand that when you buy at that time that the prices may continue to go down which will challenge your fortitude and mental endurance and if you know that you can survive that, you have to also know that you should just buy whenever you can and not wait for the lowest of that bear season because no one knows when and where it will bounce back.


Title: Re: Bitcoin, when to buy
Post by: Bitcoin_people on November 06, 2023, 09:33:47 AM
~~
So my question is when is the best time to buy Bitcoin?
 ~~

I think if you have enough capital you can buy bitcoin anytime it depends on you. Because when a person is interested in buying Bitcoin, he depends a lot on his money, if he doesn't have money, he will never invest and if he has money, he will definitely invest. In the past I have seen many people buy and hold Bitcoin at any time because they were looking for a golden opportunity rather than holding for the long term. Accordingly, if you have a long-term plan to buy bitcoins, you will never find time to invest in bitcoins. Moreover, if you invest now, you will surely gain in the future, however, you must first invest as much as you can afford to lose. If you want to invest short term then you can buy when the market is down and sell when the market is pumping it will give you profit for military time. And if you plan long term then buy and hold bitcoin from anywhere and it will give you huge profit when bitcoin market turns bull.


Title: Re: Bitcoin, when to buy
Post by: Benedictare on November 13, 2023, 02:23:21 PM
Alot of things need to be put into consideration before buying . You need to have a planed budget  t o secure your financial strength and know the risk involved and having your start up money which will not affect your personal and other expenses for the month afterpurchasing your Bitcoin,quality knowledge and understanding about the buying processes before going into Bitcoin buying whether you're buying for a long-term(7-20 years) or short-term(weekly or monthly) and in doing that you need and to use the DNA method because it's a good method which strategy an investor invests a total sum of money in small amount of cryptocurency over a period of time instead of investing in bulk (huge amount of money) which gradually increasing and accumulating you wealth.

  In buying and investing in Bitcoin  you buy at anytime that is comfortable tomemwhen you have money, which some people will not want they keep waiting for the price to be very low up to the bottom line which at times does not come easily and it keeps on increasing which will now make you to be lossing as you wait instead of DCA at the initial


Title: Re: Bitcoin, when to buy
Post by: Porfirii on November 13, 2023, 02:56:17 PM
-snip-

  In buying and investing in Bitcoin  you buy at anytime that is comfortable tomemwhen you have money, which some people will not want they keep waiting for the price to be very low up to the bottom line which at times does not come easily and it keeps on increasing which will now make you to be lossing as you wait instead of DCA at the initial

DCA seems to be the preferred method here in the forum, as I always read the advice to use it instead of buying in bulk. I can understand the reasons why they (and you) prefer it, but for some people it is better simply to buy at whatever price and hodl. Imagine that someone decides today to invest in Bitcoin, and has 5.000 USD he/she can afford to lose: doing DCA would suppose following the price and deciding the right moment to buy, but not everybody wants to keep an eye on the market, and sometimes it is simply better to make the purchase and forget about it for years. So in these cases, DCA is not the best solution.

In addition, in those jurisdictions where you have to pay taxes on Bitcoin, DCA complicates calculations and can be a little tricky too if you don't document your operations and forget the prices at which you bought.


Title: Re: Bitcoin, when to buy
Post by: YUriy1991 on November 13, 2023, 03:09:34 PM
The growth of Bitcoin over years have made it one of the most sorted after asset in the world right now and to me it's a lifetime opportunity that needed to be seized,

So my question is when is the best time to buy Bitcoin?

The exact time when it is best to buy Bitcoin, whether when the price rises or falls, is a decision in our own hands because with market conditions fluctuating so quickly, costs can swing wildly, putting you at risk.

Many people that have been into the industry before I even came in have mostly suggested the DCA method, some advice I allowed it to drop to my convenience price before I buy.

As a newbie I feel the DCA method is the best base on my own perspective of looking at it on the long term, I don't know if anyone have any better opinion? Because I believe in the hype that  this forum is filled with knowledgeable people about cryptocurrency.

I think this is not a coincidence. There are many who have started investing in BTC long before we started and it is natural that our seniors convey what is the best and the most appropriate and easy technique.


Title: Re: Bitcoin, when to buy
Post by: $crypto$ on November 13, 2023, 03:16:43 PM
As a newbie I feel the DCA method is the best base on my own perspective of looking at it on the long term, I don't know if anyone have any better opinion? Because I believe in the hype that  this forum is filled with knowledgeable people about cryptocurrency.
If with the DCA method you feel more comfortable in bitcoin investment with its accumulation then take that step because if you only wait for the time of decline then this will slightly hamper you in investing, even if you wait for the decline then the desire to buy wants to be even lower, when the price rises you regret not buying at the previous decline price.

Instead of thinking about it then just continue DCA with your own perspective, maybe some people have suggestions if it fits then apply it in your method, I myself by doing DCA is much better than having to wait for a decline because we never know the direction of bitcoin.


Title: Re: Bitcoin, when to buy
Post by: Publictalk792 on November 13, 2023, 03:35:52 PM
It's great that you recognize the growth potential of Bitcoin and are considering investing in it. The best time to buy Bitcoin is a common question. But if you want to invest in Bitcoin so I will say just buy and hold.

The DCA method that you mentioned is a popular strategy for investing in Bitcoin. DCA can be a sensible strategy especially for New persons to the cryptocurrency market. It helps to reduce the risk of making a large investment at a unfavorable price. By spreading your purchases over time you can benefit from the average price of Bitcoin over the long term.


Title: Re: Bitcoin, when to buy
Post by: Ricardo11 on November 23, 2023, 12:54:58 PM
Before investing you need to be sure that if what you are investing in is lost, it will not affect your lifestyle, because what you are investing can also be lost. So invest only what you can afford to lose. If you want to invest, you can invest now, because the market value of Bitcoin is now within reach. While it will be out of reach then, the market is currently quite positive. So if you want to invest then invest now for long term without delay. This will give you a lot of returns in the future.


Title: Re: Bitcoin, when to buy
Post by: Kasabus on November 23, 2023, 08:24:20 PM
The growth of Bitcoin over years have made it one of the most sorted after asset in the world right now and to me it's a lifetime opportunity that needed to be seized,

So my question is when is the best time to buy Bitcoin?
 
Many people that have been into the industry before I even came in have mostly suggested the DCA method, some advice I allowed it to drop to my convenience price before I buy.

As a newbie I feel the DCA method is the best base on my own perspective of looking at it on the long term, I don't know if anyone have any better opinion? Because I believe in the hype that  this forum is filled with knowledgeable people about cryptocurrency.

The fact that bitcoin's value always appreciate its value every year, I guess it's safe to say that everyday is the best time to buy regardless of its current price. You are not investing for short term duration but certainly for long term hodling so even if you buy at a high price, that is not going to worry you because you are not selling it in the first place when bitcoin price is dumping.

 I believe the best decision is to DCA instead. Aside that you won't miss any opportunity in the market, your bitcoin portfolio will continue to grow even more as you try to buy when you have spare money to spend.


Title: Re: Bitcoin, when to buy
Post by: Odusko on November 23, 2023, 09:10:09 PM
The growth of Bitcoin over years have made it one of the most sorted after asset in the world right now and to me it's a lifetime opportunity that needed to be seized,

So my question is when is the best time to buy Bitcoin?
 
Bitcoin is indeed the most valuable asset of this generation and at that many if not all that want to venture into bitcoin have to do that with the right approach and taking the right steps toward achieving such with less rsik possible and by so doing one beed to consider a number of factors while buying bitcoin.
A d going back  to your question of when is the best time to buy Bitcoin,  the answer to that is, it is best to buy Bitcoin when the price is low against buying when the  market is already at high price such as in all time high time.
Quote
Many people that have been into the industry before I even came in have mostly suggested the DCA method, some advice I allowed it to drop to my convenience price before I buy.
Both DCA and waiting for price to drop before buying are both good advice and you should take time to study them both because in DCA you still need the application of timing just like what you have when waiting to buy in the low-price region,  because both requires, the application of right timing.
Quote
As a newbie I feel the DCA method is the best based on my own perspective of looking at it in the long term, I don't know if anyone has a better opinion. Because I believe in the hype that this forum is filled with knowledgeable people about cryptocurrency.

DCA measures still require some level of technical analysis of the market to be able to make the right choice of when to either hold or sell off applying the DCA formula.


Title: Re: Bitcoin, when to buy
Post by: Distinctin on November 23, 2023, 09:47:02 PM
The growth of Bitcoin over years have made it one of the most sorted after asset in the world right now and to me it's a lifetime opportunity that needed to be seized,

So my question is when is the best time to buy Bitcoin?
 
Many people that have been into the industry before I even came in have mostly suggested the DCA method, some advice I allowed it to drop to my convenience price before I buy.

As a newbie I feel the DCA method is the best base on my own perspective of looking at it on the long term, I don't know if anyone have any better opinion? Because I believe in the hype that  this forum is filled with knowledgeable people about cryptocurrency.

Smart investors never wait for dips anymore, but do the DCA instead just to maximize the opportunities to purchase in the market. And with regards to bitcoin, its price never fail us most of the time so even if we decide to buy at its high price, that won't matter because we are in for long term investment. And the longer we set maximum years for long term hodling, the higher the chances to reap huge profits.

However, not all investors have the same mindset. And that's okay as long as we never sell low, lower than the prices we enter the market.


Title: Re: Bitcoin, when to buy
Post by: Vaculin on November 23, 2023, 09:58:58 PM
The growth of Bitcoin over years have made it one of the most sorted after asset in the world right now and to me it's a lifetime opportunity that needed to be seized,

So my question is when is the best time to buy Bitcoin?
 
Many people that have been into the industry before I even came in have mostly suggested the DCA method, some advice I allowed it to drop to my convenience price before I buy.

As a newbie I feel the DCA method is the best base on my own perspective of looking at it on the long term, I don't know if anyone have any better opinion? Because I believe in the hype that  this forum is filled with knowledgeable people about cryptocurrency.

Its best to enter the market when the market is bearish, that's where you can maximize your profits if you decide to sell in the future. However, if you are for long-term hodling, then everyday is the best time to buy. Do not worry if you buy at an expensive price, its value will certainly double or triple in the next years so always go for long term hodling. And with DCA, then it will be easier for you to grow your portfolio as long as you never stop from buying.

Not just with bitcoin but even in altcoins, apply DCA if you can. But make sure to find the right coins to invest, otherwise you will regret your decision why you spend a lot investing in altcoins.


Title: Re: Bitcoin, when to buy
Post by: Onyeeze on November 23, 2023, 10:37:17 PM
The growth of Bitcoin over years have made it one of the most sorted after asset in the world right now and to me it's a lifetime opportunity that needed to be seized,
In bitcoin it doesn't have a limitations of growth and I believe that bitcoin if be looking at the increment method you might lose interest for the investment, but what I really want us to know of bitcoin investment whosoever that find it as opportunity is base on the person's research about bitcoin because you can not on your own consider it just like that as investment opportunity without having anything reasonable about bitcoin.

So my question is when is the best time to buy Bitcoin?
Bitcoin does not have a particular time an investor suppose to buy bitcoin,  like some people do make a phrase that is late for them to invest in bitcoin, why in bitcoin investment their is no time someone invested with bitcoin is waste of time and waste of resources, but considering another factor, investing in bitcoin what it needs is timing and if you are investing in bitcoin to make a profit make sure you invest in bitcoin during the time of bearish time.


Title: Re: Bitcoin, when to buy
Post by: serjent05 on November 23, 2023, 10:56:21 PM
The growth of Bitcoin over years have made it one of the most sorted after asset in the world right now and to me it's a lifetime opportunity that needed to be seized,

So my question is when is the best time to buy Bitcoin?
 
Many people that have been into the industry before I even came in have mostly suggested the DCA method, some advice I allowed it to drop to my convenience price before I buy.

As a newbie I feel the DCA method is the best base on my own perspective of looking at it on the long term, I don't know if anyone have any better opinion? Because I believe in the hype that  this forum is filled with knowledgeable people about cryptocurrency.

Its best to enter the market when the market is bearish, that's where you can maximize your profits if you decide to sell in the future. However, if you are for long-term hodling, then everyday is the best time to buy. Do not worry if you buy at an expensive price, its value will certainly double or triple in the next years so always go for long term hodling. And with DCA, then it will be easier for you to grow your portfolio as long as you never stop from buying.

I highly agree and to maximize the time in making profit, if one is familiar with the cycle of Bitcoin, the best time to buy BTC is when it is about to transition to bull market.  The bull market is catalized by the Bitcoin halving event, with the sign of positive sentiement.  Investing in the last pace of bear market is the best time to buy,IMO.  That is to get profit in the shortest period of time, the timing to buy when the market is about to go full blast.

Not just with bitcoin but even in altcoins, apply DCA if you can. But make sure to find the right coins to invest, otherwise you will regret your decision why you spend a lot investing in altcoins.

It is applicable not only in the cryptocurrency but also in other form of investment.  One should aspire for the familiarity of the market in order to take advantage of the cycle or ups and downs of the market.


Title: Re: Bitcoin, when to buy
Post by: Luffygroove on November 24, 2023, 05:16:02 AM
For individuals who consider bitcoin as a long-term investment, DCA will always be an excellent choice. I mean, if we look in the past, the bitcoin price has only risen, even when there has been a correction or even a bear season. However, the cycle indicates that there will always be a new ATH (at least according to previous bull runs). As a long-term investor, purchasing Bitcoin at any price is fine. However, if you've been in the crypto space long enough, you'll see a trend and be able to come up with a plan based on it. For example, if there is a halving every four years, you will know when to buy (usually 2 to 3 years after halving) and when to collect your profit (a few months before halving, on halving itself, a year after).


Title: Re: Bitcoin, when to buy
Post by: HONDACD125 on November 24, 2023, 06:01:56 AM

Bitcoin does not have a particular time an investor suppose to buy bitcoin,  like some people do make a phrase that is late for them to invest in bitcoin, why in bitcoin investment their is no time someone invested with bitcoin is waste of time and waste of resources, but considering another factor, investing in bitcoin what it needs is timing and if you are investing in bitcoin to make a profit make sure you invest in bitcoin during the time of bearish time.

I think people who are saying that they are late to invest in Bitcoin are right, because the people who are buying bitcoin at the time are also late.Some time ago when Bitcoin was trading around $16 k, there were people who did not invest in Bitcoin. Now that Bitcoin is trading above $35k, people want to invest in Bitcoin right now.

Right now they're saying they're late to buy bitcoin, and they really are. Therefore, there is a time to buy in Bitcoin. If you buy Bitcoin when it reaches its all-time high and starts to go down from there, So of course your time of buying is wrong and you are too late to buy. We have only one objective to invest in Bitcoin and that is to get profit, so choosing the right time should be our first priority.


Title: Re: Bitcoin, when to buy
Post by: Porfirii on November 24, 2023, 06:11:08 AM

Bitcoin does not have a particular time an investor suppose to buy bitcoin,  like some people do make a phrase that is late for them to invest in bitcoin, why in bitcoin investment their is no time someone invested with bitcoin is waste of time and waste of resources, but considering another factor, investing in bitcoin what it needs is timing and if you are investing in bitcoin to make a profit make sure you invest in bitcoin during the time of bearish time.

I think people who are saying that they are late to invest in Bitcoin are right, because the people who are buying bitcoin at the time are also late.Some time ago when Bitcoin was trading around $16 k, there were people who did not invest in Bitcoin. Now that Bitcoin is trading above $35k, people want to invest in Bitcoin right now.

Right now they're saying they're late to buy bitcoin, and they really are. Therefore, there is a time to buy in Bitcoin. If you buy Bitcoin when it reaches its all-time high and starts to go down from there, So of course your time of buying is wrong and you are too late to buy. We have only one objective to invest in Bitcoin and that is to get profit, so choosing the right time should be our first priority.

Most people who say that they are late are right, because the exponential potential of Bitcoin is lower now than years ago. It costed cents a when it was invented, and a decade ago it costed less than 50$: I doubt that at this stage Bitcoin is able to go 1000x in the next ten years.

Anyway, for those who think that it is enough with smaller winnings too, then with the focus in the long term, it seems that it is always a good moment to buy, if you just hodl it enough time.



Title: Re: Bitcoin, when to buy
Post by: Shishir99 on November 24, 2023, 12:19:03 PM
Most people who say that they are late are right, because the exponential potential of Bitcoin is lower now than years ago. It costed cents a when it was invented, and a decade ago it costed less than 50$: I doubt that at this stage Bitcoin is able to go 1000x in the next ten years.

Forget about 1000x. Would you believe it will gain 50x in the next ten years? If it happens, Bitcoin will touch $1.5 Million each coin. Can you imagine that? Still, I consider Bitcoin is the one currency that can be trusted. What other coins do you suggest to others as kind of safe investment? Is there any other coins which you can consider as safe as Bitcoin?

Even if you talk about risky investment, is there any coin that can give you a gurantee that it will go 1000x? I would be very much happy to have a coin that will give 50x in the next bull run. The problem is, nobody knows!


Title: Re: Bitcoin, when to buy
Post by: Richbased on November 24, 2023, 02:05:22 PM
The growth of Bitcoin over years have made it one of the most sorted after asset in the world right now and to me it's a lifetime opportunity that needed to be seized,

Yeah bitcoin have gained more popularity so far and from the look of things now bitcoin might really become the next generation currency that will put and end to fiat and unnecessary financial errors that have been in our banking system over the years due to it's decentralized policy, so the more we all embrace this life changing currency now, the better for us all.

So my question is when is the best time to buy Bitcoin?

The best time to buy bitcoin is now, like it is never too late to start accumulating bitcoins now because from various speculations it is believe that bitcoin may not dip further than this so buying it now may seem as the best time before it skyrocket to an unobtainable price.


Title: Re: Bitcoin, when to buy
Post by: Youngkhngdiddy on November 24, 2023, 02:55:46 PM
The growth of Bitcoin over years have made it one of the most sorted after asset in the world right now and to me it's a lifetime opportunity that needed to be seized,

So my question is when is the best time to buy Bitcoin?
 
Many people that have been into the industry before I even came in have mostly suggested the DCA method, some advice I allowed it to drop to my convenience price before I buy.

As a newbie I feel the DCA method is the best base on my own perspective of looking at it on the long term, I don't know if anyone have any better opinion? Because I believe in the hype that  this forum is filled with knowledgeable people about cryptocurrency.

  Well i believe the surge is kinda down for now and it’s always advisable to buy the dip to accumulate more profit if you’re buying for a short term. But if you’re buying for a long term it’s advisable to buy voluminous amount of bitcoin so the wait can really worth it. Buying bitcoin is complicated when you don’t know how bitcoin market works. But one thing for sure is not to buy when the market is high, for instance bitcoin is down almost $20000 lower than all time high and definitely bitcoin always double it price whenever the market is going up. So it’s advisable to buy this dip because the higher bitcoin goes the higher the dip will always be, today dip price has once been all time high long ago, joining earlier will always be the preferable option.
  The best time to buy Bitcoin is when nobody wants it, just like the crash in march of 2020 where people sold heavily through exchanges like Coinbase, Primexbt, Binance,  Kraken etc… with prices going as low as 3200 per 1 Bitcoin. This is when people should stock up heavily on it but the problem here is human psychology as it is very hard to make yourself to buy something when things look bleak. The problem now when we are in a bull market is not to FOMO as there will definitely be corrections on the way up. And when you see a such correction then it may be a favorable time to buy Bitcoin. Keep in mind that Bitcoin may go for a prolonged time without experiencing corrections especially in strong bull markets like the one we are now


Title: Re: Bitcoin, when to buy
Post by: rozak on November 24, 2023, 05:02:06 PM
 
  The best time to buy Bitcoin is when nobody wants it, just like the crash in march of 2020 where people sold heavily through exchanges like Coinbase, Primexbt, Binance,  Kraken etc… with prices going as low as 3200 per 1 Bitcoin.
it just requires people with complete belief in Bitcoin's future potential. those who panic sell when prices fall, only think about taking the opportunity to avoid losses or secure their profits quickly. and hope they will wait at the bottom again to collect more.
if you want to buy Bitcoin, then do it right away. Don't delay if you plan to invest long-term. There is no problem if you buy gradually every time you have money that you allocate to Bitcoin. let's say $100 every week, that's not a bad thing. there may be investors who wait for the moment of decline and buy in large quantities to take advantage of lower prices. but if you don't have more money, you can accumulate your Bitcoins slowly.


Title: Re: Bitcoin, when to buy
Post by: KingsDen on November 24, 2023, 06:02:38 PM
So my question is when is the best time to buy Bitcoin?
The question of when to buy is best answered based on your investment goal. The time the Mr Bob would want to buy will not be the time that Mrs Alice will want to buy if both has different investment goals.
For instance, bitcoin price is within $37k and anyone who is willing to take profit in the next 2 years can buy bitcoin now and wait till the next 2 years and they will be on profits.
There are people who will buy at 37 because they are targeting 40k, which I think is somewhat risky. While some buy continuously with the DCA method.
So, everyone has their entry points according to their investment goals but the best rule to buy is to buy low and sell high.


Title: Re: Bitcoin, when to buy
Post by: Bushdark on November 24, 2023, 06:06:14 PM
 
  The best time to buy Bitcoin is when nobody wants it, just like the crash in march of 2020 where people sold heavily through exchanges like Coinbase, Primexbt, Binance,  Kraken etc… with prices going as low as 3200 per 1 Bitcoin.
it just requires people with complete belief in Bitcoin's future potential. those who panic sell when prices fall, only think about taking the opportunity to avoid losses or secure their profits quickly. and hope they will wait at the bottom again to collect more.
if you want to buy Bitcoin, then do it right away. Don't delay if you plan to invest long-term. There is no problem if you buy gradually every time you have money that you allocate to Bitcoin. let's say $100 every week, that's not a bad thing. there may be investors who wait for the moment of decline and buy in large quantities to take advantage of lower prices. but if you don't have more money, you can accumulate your Bitcoins slowly.
The question of when to buy Bitcoin should not be the problem, we should have the mindset of buying Bitcoin when the price is low so that we can decide to sell when the price goes up which is one of the ways we can make profits from the market.
Bitcoin is still ranging now and with time maybe at the beginning of next year, we might be seeing the price of Bitcoin going up gradually.
For us to grab from the bull market, it is good for us to try and buy some Bitcoin now when the price is still ranging so that we can sell when the price finally goes up.


Title: Re: Bitcoin, when to buy
Post by: Ndabagi01 on November 24, 2023, 07:23:43 PM
As a newbie I feel the DCA method is the best base on my own perspective of looking at it on the long term, I don't know if anyone have any better opinion? Because I believe in the hype that  this forum is filled with knowledgeable people about cryptocurrency.

Yes, many people know a lot about bitcoin, but what you should know is that everyone has a different approach to accumulating bitcoins, and the method everyone uses is the one that works best for them. Many people believe that the DCA method is the best method because it can be done by anyone, regardless of financial situation. If you want to buy bitcoin in a better way, you should do so in a lump sum, but this is only available to some people depending on their financial strength. DCA can also be completed by someone who has previously completed a lump sum purchase, making it the most convenient method of purchasing and accumulating bitcoin.


Title: Re: Bitcoin, when to buy
Post by: petulino on November 25, 2023, 04:45:16 PM
The growth of Bitcoin over years have made it one of the most sorted after asset in the world right now and to me it's a lifetime opportunity that needed to be seized,

So my question is when is the best time to buy Bitcoin?
As a newbie I feel the DCA method is the best base on my own perspective of looking at it on the long term, I don't know if anyone have any better opinion? Because I believe in the hype that  this forum is filled with knowledgeable people about cryptocurrency.

in my openion its very important think that to take your own financial objectives risk tolerance and investing plan into account. Even though DCA is a wise plan some investors could also search for openings when the market declines or when prices are down to normal.
And also DCA entails investing a set amount of money in Bitcoin on a  daily and regular basis depand on its price. and also Investors may experience less stress while using this point which helps to lessen the effects of short terms price swings.


Title: Re: Bitcoin, when to buy
Post by: rozak on November 26, 2023, 03:20:39 PM
The question of when to buy Bitcoin should not be the problem, we should have the mindset of buying Bitcoin when the price is low so that we can decide to sell when the price goes up which is one of the ways we can make profits from the market.
Bitcoin is still ranging now and with time maybe at the beginning of next year, we might be seeing the price of Bitcoin going up gradually.
For us to grab from the bull market, it is good for us to try and buy some Bitcoin now when the price is still ranging so that we can sell when the price finally goes up.
Buying Bitcoin cheap is of course the most recommended. Sometimes situations like that make beginners a little hesitant to determine their attitude, whether to enter and buy Bitcoin or have to wait for the price to fall cheaper.
I'm sure you have also been asked by several people or your friends regarding the correct Bitcoin price. We will be quite hesitant to give a price range when the person asking is a beginner. because they don't really know the risks of investing. So when someone asks, show them a graph of Bitcoin prices from year to year. beginners will see the potential that Bitcoin can gain in the long term. not something we buy and sell and then make a big profit.


Title: Re: Bitcoin, when to buy
Post by: AbuBhakar on November 26, 2023, 03:32:36 PM
Buying Bitcoin cheap is of course the most recommended. Sometimes situations like that make beginners a little hesitant to determine their attitude, whether to enter and buy Bitcoin or have to wait for the price to fall cheaper.
I'm sure you have also been asked by several people or your friends regarding the correct Bitcoin price. We will be quite hesitant to give a price range when the person asking is a beginner. because they don't really know the risks of investing. So when someone asks, show them a graph of Bitcoin prices from year to year. beginners will see the potential that Bitcoin can gain in the long term. not something we buy and sell and then make a big profit.

But how do you determine when Bitcoin is cheap while the price is above 37K a piece. Even if it dump to 20K or 10K level Bitcoin is not cheap. You will never purchase Bitcoin if you are looking for a cheap price.

You should buy during correction based on the chart because looking for a cheap price will make you stuck on waiting unless you are just pertaining to a lower price to the current one. But cheap is long gone to Bitcoin.


Title: Re: Bitcoin, when to buy
Post by: HONDACD125 on November 26, 2023, 03:40:06 PM

Bitcoin does not have a particular time an investor suppose to buy bitcoin,  like some people do make a phrase that is late for them to invest in bitcoin, why in bitcoin investment their is no time someone invested with bitcoin is waste of time and waste of resources, but considering another factor, investing in bitcoin what it needs is timing and if you are investing in bitcoin to make a profit make sure you invest in bitcoin during the time of bearish time.

I think people who are saying that they are late to invest in Bitcoin are right, because the people who are buying bitcoin at the time are also late.Some time ago when Bitcoin was trading around $16 k, there were people who did not invest in Bitcoin. Now that Bitcoin is trading above $35k, people want to invest in Bitcoin right now.

Right now they're saying they're late to buy bitcoin, and they really are. Therefore, there is a time to buy in Bitcoin. If you buy Bitcoin when it reaches its all-time high and starts to go down from there, So of course your time of buying is wrong and you are too late to buy. We have only one objective to invest in Bitcoin and that is to get profit, so choosing the right time should be our first priority.

Most people who say that they are late are right, because the exponential potential of Bitcoin is lower now than years ago. It costed cents a when it was invented, and a decade ago it costed less than 50$: I doubt that at this stage Bitcoin is able to go 1000x in the next ten years.

Anyway, for those who think that it is enough with smaller winnings too, then with the focus in the long term, it seems that it is always a good moment to buy, if you just hodl it enough time.


It is difficult to predict where the price of Bitcoin will be in the next ten years due to the way many countries are now looking at cryptocurrency and trying hard to regulate it, The popularity of Bitcoin and the increasing tendency of people to invest in it, all these things are worrying some countries.

So some countries are working to control that and its price. However, this doesn’t mean that it isn’t profitable to buy it,but Bitcoin is still better than other investments.


Title: Re: Bitcoin, when to buy
Post by: cryptodude on January 23, 2024, 04:33:18 PM
If you use the (DCA) Dollar Costing Average method then any time is suitable for you to buy bitcoins. Because with DCA method you can reduce your purchase price a lot. Moreover, currently the market is slowly going deep. So I think now is the right time for you to buy bitcoin but definitely using (DCA) method.


Title: Re: Bitcoin, when to buy
Post by: God bless u on January 23, 2024, 06:04:51 PM
It's great that you recognize the growth potential of Bitcoin and are considering investing in it. The best time to buy Bitcoin is a common question. But if you want to invest in Bitcoin so I will say just buy and hold.

The DCA method that you mentioned is a popular strategy for investing in Bitcoin. DCA can be a sensible strategy especially for New persons to the cryptocurrency market. It helps to reduce the risk of making a large investment at a unfavorable price. By spreading your purchases over time you can benefit from the average price of Bitcoin over the long term.

Investing doesn't matter one should invest because Bitcoin is great but investing in it is only investing the money you have which is extra available

So that if there is any loss in future then your investment is not affected and your work is not affected, you can benefit from it, but these are a few things. Keep in mind that if I'm lost my money what will be the next?


Title: Re: Bitcoin, when to buy
Post by: Zanab247 on January 23, 2024, 07:24:21 PM
Quote from: cryptodude
If you use the (DCA) Dollar Costing Average method then any time is suitable for you to buy bitcoins. Because with DCA method you can reduce your purchase price a lot. Moreover, currently the market is slowly going deep. So I think now is the right time for you to buy bitcoin but definitely using (DCA) method.
If you buy BTC anytime in the market, it will not help you to make a good profits like those who always buy during bear season which is the best season for people to buy and hodl for future profit. The market price has fall down to $38k Few hours ago and it will still fall more before it will begin to rise again and if you have money to buy BTC, you can buy as many you want so that you will sell to make profits when the price rise higher in the future.


Title: Re: Bitcoin, when to buy
Post by: DaNNy001 on January 23, 2024, 08:51:55 PM
If you use the (DCA) Dollar Costing Average method then any time is suitable for you to buy bitcoins. Because with DCA method you can reduce your purchase price a lot. Moreover, currently the market is slowly going deep. So I think now is the right time for you to buy bitcoin but definitely using (DCA) method.

This short dip is an excellent opportunity for holder to top their investment and have good value to the Bitcoin because when the price is low the better the rate of Bitcoin you will have and ofcourse the DCA strategy is probably the best but for chances like this it's better to go wild and buy big that's if funds is available. Most people that use the DCA strategy are mostly people that tend strategize their income flow so they can meet up with accumulation and still with other things.


Title: Re: Bitcoin, when to buy
Post by: GeorgeJohn on January 23, 2024, 09:49:41 PM
For purchasing of Bitcoin it does not have a particular duration or timing that you will know or you have to ascertain before buying Bitcoin only thing you need is to know when the price of Bitcoin rise and then when the price also fall, that that is why what we needed in Bitcoin is to know exactly when the market is about to enter a bullish market is about to enter a bearish market that is what is important in Bitcoin cycle on the Bitcoin investment for anyone who does not know they strategies for bitcoin investment.

The Investment is of two kind long time investment on the short-term investment so if you want to go into a long time investment you can purchase at any given point in time but if we want to go in short time you have to target the market very well knowing that you are anxious of when the market will rise and you sell to make a profit,


Title: Re: Bitcoin, when to buy
Post by: Mate2237 on January 23, 2024, 10:33:47 PM
When the price of bitcoin is increasing, it is good for you to use DCA to buy bitcoin but if the price very low and the bottom of the dip then you don't need to use the mathematical method of DCA but to purchase any amount at that time and hodle for the long term investment. So with the two methods I mentioned just now there is no time and period to buy bitcoin but all time. But if you meet the price at the dip time then it is your best if luck.

They suggested it for you because it is easier to get into the paradigm.


Title: Re: Bitcoin, when to buy
Post by: Finestream on January 23, 2024, 11:28:09 PM
If you buy the whole part of bitcoin, it would mean very expensive most especially for newbies. That is why using DCA is highly encouraged so that any investor would not feel the burden on his expenses while he’s trying to accumulate bitcoin. And if asked when to start doing it, NOW is the best time for that. Bitcoin is currently priced at $39k so before it goes to $40k up, then start buying now. Bitcoin halving is getting near, it would be wiser to stack more bitcoin these days so we can also ride the hype of making massive profits once bull run starts to appear.


Title: Re: Bitcoin, when to buy
Post by: Justbillywitt on January 24, 2024, 09:48:35 AM
Quote from: cryptodude
If you use the (DCA) Dollar Costing Average method then any time is suitable for you to buy bitcoins. Because with DCA method you can reduce your purchase price a lot. Moreover, currently the market is slowly going deep. So I think now is the right time for you to buy bitcoin but definitely using (DCA) method.
If you buy BTC anytime in the market, it will not help you to make a good profits like those who always buy during bear season which is the best season for people to buy and hodl for future profit. The market price has fall down to $38k Few hours ago and it will still fall more before it will begin to rise again and if you have money to buy BTC, you can buy as many you want so that you will sell to make profits when the price rise higher in the future.

Waiting for the bear market alone before you buy bitcoin is not a good idea, the reason why we have the DCA method is for people to buy bitcoin whenever they have money to invest irrespective of how small the money is, so doing that continually one can always accumulate as much bitcoin even when in bull market. You can continue to buy with DCA till the bear market comes in then you can buy with lump sum.


Title: Re: Bitcoin, when to buy
Post by: cryptoWODL on January 24, 2024, 11:08:12 AM
The growth of Bitcoin over years have made it one of the most sorted after asset in the world right now and to me it's a lifetime opportunity that needed to be seized,

So my question is when is the best time to buy Bitcoin?
 
Many people that have been into the industry before I even came in have mostly suggested the DCA method, some advice I allowed it to drop to my convenience price before I buy.

As a newbie I feel the DCA method is the best base on my own perspective of looking at it on the long term, I don't know if anyone have any better opinion? Because I believe in the hype that  this forum is filled with knowledgeable people about cryptocurrency.

I think not all people have the same method of depositing bitcoins everyone has a different method to deposit bitcoins. If you want to invest bitcoins with dollar cost averaging (DCA) method I think you can buy bitcoins at any time with any amount of money. But one thing if you want to invest first you need to gain experience about investment.
Now not only the newbies but the seasoned investors are continuing their investments with Dollar Cost Averaging (DCA) method and planning to hold it for a long time.


Title: Re: Bitcoin, when to buy
Post by: snowpega on January 24, 2024, 12:19:14 PM
The growth of Bitcoin over years have made it one of the most sorted after asset in the world right now and to me it's a lifetime opportunity that needed to be seized,

So my question is when is the best time to buy Bitcoin?
 
Many people that have been into the industry before I even came in have mostly suggested the DCA method, some advice I allowed it to drop to my convenience price before I buy.

As a newbie I feel the DCA method is the best base on my own perspective of looking at it on the long term, I don't know if anyone have any better opinion? Because I believe in the hype that  this forum is filled with knowledgeable people about cryptocurrency.


Dear these questions are very common like when should we buy Bitcoin and what is the best method to buy Bitcoin DCA or Lump Sum if you ask me the same question so I would say you should read this topic which I created some months ago there you can read the best suggestions of the experienced members. here is the link to the topic>>>>"Lump sum Vs DCA" for Bitcoin Accumulation" (https://bitcointalk.org/index.php?topic=5470916.msg63020867#msg63020867). Must have a look here.

what I learned from there is that DCA suits well those who have fewer funds and they can not buy at once so that they can keep accumulating the BTC from time to time when they get their salaries and it is not highly recommended that only those should not do DCA who received their salaries monthly or weekly based it depends on everybody plans or preferences. On the other hand Lump sum suits well for those who have a big amount of money and do not care about the market price so they just buy and hold it for the long term. So in the end plan always matters alot.


Title: Re: Bitcoin, when to buy
Post by: Franctoshi on January 24, 2024, 12:45:43 PM
A DCA strategy reliefs these emotions that most investors attach to their investments which puts them on this pressure of selling when the market is seriously bleeding because they have used the amount of money they can't afford to lose and invest at one particular time, But using DCA strategy will not only help you not to have more exposure to the market that is investing what you can't afford to lose, but also helps you to invest without it affecting your day-to-day personal and family expenses, while still, on the long run you will meet up your Bitcoin investment target without having to feel you have invested a huge amount of money in the market.


Title: Re: Bitcoin, when to buy
Post by: YOSHIE on January 24, 2024, 02:15:09 PM
My understanding of Bitcoin is very diverse, those who are involved in it, from investing, trading, mining and so on, the core behind all of that is making a profit and making the best use of Bitcoin to be financially successful.

But if this is what you ask...!
So my question is when is the best time to buy Bitcoin?

Of course, this must be answered depending on their purpose in coming to the Bitcoin market. When investing, of course many people hope for the long term and it is always associated with the ATH phenomenon, if that is what they want, I think at this time it is still worth considering buying and if they trade of course they know the right time to buy and sell, they have knowledge in analyzing things where the best and bad prices are.

Now it depends on you, the purpose of coming to the Bitcoin market, maybe you will find out all that as time goes by.


Title: Re: Bitcoin, when to buy
Post by: Essential10 on January 24, 2024, 03:37:53 PM
The growth of Bitcoin over years have made it one of the most sorted after asset in the world right now and to me it's a lifetime opportunity that needed to be seized,

So my question is when is the best time to buy Bitcoin?
 
Many people that have been into the industry before I even came in have mostly suggested the DCA method, some advice I allowed it to drop to my convenience price before I buy.

As a newbie I feel the DCA method is the best base on my own perspective of looking at it on the long term, I don't know if anyone have any better opinion? Because I believe in the hype that  this forum is filled with knowledgeable people about cryptocurrency.

I think not all people have the same method of depositing bitcoins everyone has a different method to deposit bitcoins. If you want to invest bitcoins with dollar cost averaging (DCA) method I think you can buy bitcoins at any time with any amount of money. But one thing if you want to invest first you need to gain experience about investment.
Now not only the newbies but the seasoned investors are continuing their investments with Dollar Cost Averaging (DCA) method and planning to hold it for a long time.
Yes, DCA method of Bitcoin investment is good, I quite like this method. I think now is the right time to buy Bitcoin. If you notice, you will see that the price of Bitcoin has been going down for a while now. I believe bitcoin will reach its ATH after the next bitcoin halving. I think it is not right to miss these moments, from now on using DCA method in Bitcoin investment you can hold your Bitcoin for long term.


Title: Re: Bitcoin, when to buy
Post by: puloweh555 on January 24, 2024, 07:04:53 PM
If we want to know when is the right time to buy Bitcoin, it seems very difficult to determine when is the right time because this will remain a big secret for all of us. Again, in the bitcoin journey, there is no right time to buy bitcoin because this is because the price of bitcoin is very fluctuating.

But if you invest in the long term then buying bitcoin at any time using the dca method is the right and best time regardless of whether the price goes up or down. Because in the long term, we believe the price of Bitcoin will continue to increase, especially as the bitcoin halving will soon occur. Whatever the price of Bitcoin when you buy it, it will eventually rise in price in the long run. What is certain is that Bitcoin investment can be said to be double-edged, it can produce profits or losses. However, with the right tactics and mindset, you will likely be profitable in no time.


Title: Re: Bitcoin, when to buy
Post by: Issa56 on January 24, 2024, 09:20:07 PM
The question of when to buy Bitcoin should not be the problem, we should have the mindset of buying Bitcoin when the price is low so that we can decide to sell when the price goes up which is one of the ways we can make profits from the market.
Most of the people that are always serious online asking when to buy bitcoin are not really to invest in bitcoin, they are just wasting time. Most of them know that they are supposed to buy when bitcoin is down, but they won’t buy because no matter how low bitcoin goes, they will always want it to go lower, even if bitcoin hit $1, some people won’t still buy, and most of them will come online and be asking when to buy bitcoin. The funniest part is that if bitcoin starts pumping, those people are still the ones that will be online complaining they missed out.

For us to grab from the bull market, it is good for us to try and buy some Bitcoin now when the price is still ranging so that we can sell when the price finally goes up.
We are all expecting a bull run after the halving, actually, nobody is confident about when the bull run will start, but we are all hoping it will be soon. If you want to accumulate bitcoin, it’s better you do that now. I can still say the bitcoin price is still low now, but if you don’t accumulate now, don’t end up complaining later in the future that you missed out because you had the opportunity to invest but didn't.


Title: Re: Bitcoin, when to buy
Post by: God bless u on January 25, 2024, 05:47:35 AM
The question of when to buy Bitcoin should not be the problem, we should have the mindset of buying Bitcoin when the price is low so that we can decide to sell when the price goes up which is one of the ways we can make profits from the market.
Most of the people that are always serious online asking when to buy bitcoin are not really to invest in bitcoin, they are just wasting time. Most of them know that they are supposed to buy when bitcoin is down, but they won’t buy because no matter how low bitcoin goes, they will always want it to go lower, even if bitcoin hit $1, some people won’t still buy, and most of them will come online and be asking when to buy bitcoin. The funniest part is that if bitcoin starts pumping, those people are still the ones that will be online complaining they missed out.

For us to grab from the bull market, it is good for us to try and buy some Bitcoin now when the price is still ranging so that we can sell when the price finally goes up.
We are all expecting a bull run after the halving, actually, nobody is confident about when the bull run will start, but we are all hoping it will be soon. If you want to accumulate bitcoin, it’s better you do that now. I can still say the bitcoin price is still low now, but if you don’t accumulate now, don’t end up complaining later in the future that you missed out because you had the opportunity to invest but didn't.
The price of bitcoin is very great right now it is going to be what it is right now if I get it for 38k it will give me a lot of profit because I have done my analysis which is what I estimate the price of bitcoin to be 62k. It's going to touch down soon so I'll get a lot of benefit if I just hold it for three months.
If I've bought it I'll hope for 62k if it comes down then I I'll take it more if it doesn't go down, if it just goes up, I won't sell it before 62k.


Title: Re: Bitcoin, when to buy
Post by: cryptoWODL on January 25, 2024, 08:37:23 AM
The price of bitcoin is very great right now it is going to be what it is right now if I get it for 38k it will give me a lot of profit

A few days ago you might have missed that opportunity because a few days ago the price of bitcoin reached 39 thousand dollars and you can buy bitcoins if you want. But still the price of Bitcoin has not increased much. The price of Bitcoin has only reached 40 thousand dollars. You still have a great opportunity to buy Bitcoin.

Quote
because I have done my analysis which is what I estimate the price of bitcoin to be 62k. It's going to touch down soon so I'll get a lot of benefit if I just hold it for three months.
I don't know how many bitcoins you have purchased at once. If you buy a bitcoin I think you can get good profit when the price of bitcoin reaches 62 thousand. But if you buy bitcoin with small amount of money i.e. $100 or $200 and keep it only for three months I think you can't expect good profit. Investing in bitcoins must be hold for a long time otherwise no one can expect good profits.


Title: Re: Bitcoin, when to buy
Post by: Zanab247 on January 25, 2024, 06:39:31 PM
Quote from: Mate2237
When the price of bitcoin is increasing, it is good for you to use DCA to buy bitcoin but if the price very low and the bottom of the dip then you don't need to use the mathematical method of DCA but to purchase any amount at that time and hodle for the long term investment. So with the two methods I mentioned just now there is no time and period to buy bitcoin but all time. But if you meet the price at the dip time then it is your best if luck.

They suggested it for you because it is easier to get into the paradigm.
It will be very hard for you to miss it when you succeeded to buy in the bear and hodl till bull run, I will advise you to buy when the price is very low like what we are about to experience again in the bear market and, if you can prepare the money to get it right when the price fall back to your satisfaction.

 Don't forget that the market price can change at anytime but if you are truly ready to buy reliable coins from the market, let it be BTC or Ethereum because it will not take you a long time before you will start making profits from it.



Title: Re: Bitcoin, when to buy
Post by: Lukmanfirdaus1 on January 25, 2024, 06:57:48 PM
Honestly, I personally have never used any analysis to buy bitcoin, I can't answer when is the right time to buy bitcoin, because I just keep buying and accumulating my bitcoin. if there is unused money I always buy bitcoin, because I save bitcoin for the long term. One thing I believe so far, bitcoin has not touched its ath, it will continue and I also don't know when it will end, but if you ask the target , maybe I'll stop at $1 million dollars. Yes, please laugh, but I am optimistic that Bitcoin will reach that price.


Title: Re: Bitcoin, when to buy
Post by: Essential10 on January 26, 2024, 02:57:47 AM
The price of bitcoin is very great right now it is going to be what it is right now if I get it for 38k it will give me a lot of profit because I have done my analysis which is what I estimate the price of bitcoin to be 62k. It's going to touch down soon so I'll get a lot of benefit if I just hold it for three months.
If I've bought it I'll hope for 62k if it comes down then I I'll take it more if it doesn't go down, if it just goes up, I won't sell it before 62k.
For a couple of days the price of Bitcoin has been going up and down a bit from $40k. Bitcoin has taken a lot of correction in the span of two and a half weeks, from now on you can invest in Bitcoin, $38k can be gone in one or two days. As the price of Bitcoin is close to $40k not so much far from $38k. Anyway don't miss the moment, you can dive right now to invest in Bitcoin. If you invest and hold for a few months after the bitcoin halving I expect you to get over $62k. It is also possible that Bitcoin will be reaches its ATH, just buy and hold.


Title: Re: Bitcoin, when to buy
Post by: Negotiation on January 26, 2024, 03:18:50 AM
There is no obligation to buy bitcoins, you just have to think that every time you invest a little bit, you will find yourself at a very profitable level after a while.
Bitcoin investment plans are often long-winded. But the matter of investment is completely your personal matter. When you have enough money you will invest and when your income is less then you will reduce the amount of investment.

Even if someone started investing $100 per week into BTC near the top of the first 2021 peak and through the second 2021 peak, and he continued to invest consistently and persistently that $100 every week for the past 3 years, he would be profitable right now since he would have had invested right around $15,700 and he would have 0.558 BTC ** (which would be worth around $22,320), and personally, I think that would be a great place to be for a person with that level of a discretionary/disposable budget..

**[b]Edited:[/b] Here is the link for DCA of $100 per week for last 3 years https://dcabtc.com?sd=2021-01-24&sda=custom&f=weekly&d=3_years&ac=10000&c=true

You can check out his advice it might be good for you.


Title: Re: Bitcoin, when to buy
Post by: NewRanger on January 26, 2024, 09:00:44 AM
So my question is when is the best time to buy Bitcoin?


The market crash a few days ago may have made many people a little disappointed but if the OP asked this I have a personal reason to explain, bitcoin has a limited supply and why try buying from now on and BTC is not a hidden gem anymore.

However, in this sideways condition, trading is actually very difficult and to get even a small profit we need to hold the position for several days. Now. For BTC, in my opinion, you don't need to spend that much effort, just buy it and hold it for a period of 3-5 years at least, then you will really feel the results.


Title: Re: Bitcoin, when to buy
Post by: Promocodeudo on January 26, 2024, 05:16:07 PM
Before knowing when is the best time to invest, first you need to be sure how much you know about investing. In addition to knowing how much you know about investing, we also need to know whether you have enough money to invest. If a person does not know enough about investment and if he does not have the financial support to invest then it is better to refrain from investing because you should invest the amount of money you can lose and should not invest more than that. Investing a certain amount of money will have a direct impact on your lifestyle. If you have good idea about investment and if you have good financial support then you can start your investment now. If you start investing now you will surely get good from this investment in future because the market is quite positive now and the market will go better in future.

Exactly, knowing some aspect of bitcoin before investing will help a potential investor, you don't just invest your fund into something you know nothing about, you might end up referring such a move, though people still make this kind of mistake because of what they have heard about a commodity, they will decide to invest just like that without thorough investigation about how such system works.

Knowing the best time to invest is not a bad idea, but my question becomes, is there any best time to invest in bitcoin for me everytime is good, emphatically bitcoin is volatile in nature which I know every bitcoiner is conversant with such word, if we say that people should buy or invest when price dips, what if it continue dipping, I think the best time to invest is when you have the fund because if you have the money and wait until the price dips you might end up being discouraged.


Title: Re: Bitcoin, when to buy
Post by: odunybiz on February 02, 2024, 11:22:11 PM
Honestly, I personally have never used any analysis to buy bitcoin, I can't answer when is the right time to buy bitcoin, because I just keep buying and accumulating my bitcoin. if there is unused money I always buy bitcoin, because I save bitcoin for the long term. One thing I believe so far, bitcoin has not touched its ath, it will continue and I also don't know when it will end, but if you ask the target , maybe I'll stop at $1 million dollars. Yes, please laugh, but I am optimistic that Bitcoin will reach that price.

This is seriously a great method to accumulate BTC. One of the reason why people don't buy Bitcoin is because of the high price value but most people has forgotten that a drop in bowl everyday will fill up the bowl one day. Buying gradually what you can avoid on regular basis can make you accumulate what you don't even expect. So, everytime is a good moment to buy BTC if you are a long term investor.


Title: Re: Bitcoin, when to buy
Post by: Viscore on February 02, 2024, 11:52:41 PM
If you know the real value and potentials of bitcoin, you will jump to conclusion that everyday is the best time to buy bitcoin, regardless if you do it through DCA or all in buying, that depends already on your own preference. Most likely that bitcoin halving is fast approaching, then we should hurriedly prepare our bitcoin portfolio so that we can still drive the hype when bitcoin halving suddenly enters the market and make significant changes afterwards.


Title: Re: Bitcoin, when to buy
Post by: arjunmujay on February 03, 2024, 01:23:34 AM
If you know the real value and potentials of bitcoin, you will jump to conclusion that everyday is the best time to buy bitcoin, regardless if you do it through DCA or all in buying, that depends already on your own preference. Most likely that bitcoin halving is fast approaching, then we should hurriedly prepare our bitcoin portfolio so that we can still drive the hype when bitcoin halving suddenly enters the market and make significant changes afterwards.
considering that the current price of bitcoin is high compared to the price several months or years ago, DCA is very appropriate for those who don't have a lot of money to buy bitcoin in full. Even though you only buy fractions, over time they will become a whole coin.

As for when is the right time, if you look at the market timeline, the price of Bitcoin continues to increase from year to year. By looking at that, it's really worth buying at any time. Moreover, the Bitcoin halving will happen soon. It's not too late to buy and get more profits when the halving occurs.


Title: Re: Bitcoin, when to buy
Post by: Dimitri94 on February 03, 2024, 02:17:13 AM
The growth of Bitcoin over years have made it one of the most sorted after asset in the world right now and to me it's a lifetime opportunity that needed to be seized,

So my question is when is the best time to buy Bitcoin?
 
Many people that have been into the industry before I even came in have mostly suggested the DCA method, some advice I allowed it to drop to my convenience price before I buy.
Long-term bearsness of Bitcoin will certainly be bullish, but many are reluctant to risk investing in high volatility. In this situation DCA plays an important role in Bitcoin holdings by reducing that risk to an investor. On the one hand it reduces the risk and on the other hand it gives every opportunity to increase the Bitcoin portfolio. DCA is the best strategy for those who are preparing for long-term holdings of Bitcoin. None of us know when Bitcoin will rise and fall. However, by following this method, the investor can remain risk-free regardless of the rise and fall of the price.

I think every dip is the best time to hold bitcoin. Those who understand the importance of Bitcoin will definitely try to utilize the most of the dips. Bitcoin's current price is also a good time to buy according to it's potentiality.


Title: Re: Bitcoin, when to buy
Post by: MIner1448 on February 03, 2024, 08:13:02 AM
The choice to buy Bitcoin depends on many factors and objectives. I would advise you to keep an eye on the whales, if they are draining bitcoins, then you can’t enter the market, if you can’t buy either, then they are speculating on its price, so that they can then cut off the profit from the hamsters. In general, a lot of factors depend on buying Bitcoin.


Title: Re: Bitcoin, when to buy
Post by: Mayor of ogba on February 03, 2024, 09:18:15 AM
The growth of Bitcoin over years have made it one of the most sorted after asset in the world right now and to me it's a lifetime opportunity that needed to be seized,

So my question is when is the best time to buy Bitcoin?
 
Many people that have been into the industry before I even came in have mostly suggested the DCA method, some advice I allowed it to drop to my convenience price before I buy.

As a newbie I feel the DCA method is the best base on my own perspective of looking at it on the long term, I don't know if anyone have any better opinion? Because I believe in the hype that  this forum is filled with knowledgeable people about cryptocurrency.
As a newbie, stick with accumulating bitcoin with the DCA strategy at regular intervals because the DCA strategy will help to control the volatility of bitcoin in your bitcoin investment. Buying the bitcoin dip might give a wrong impression that will make you hate bitcoin, and you will never want to invest in bitcoin again because, as a newbie, if you buy the dip and it continues dipping, you will be upset that this is not what you were expecting from bitcoin and be forced to sell your bitcoin even though you are at a loss. Also, before you start accumulating your bitcoin, make sure you have a source of income that will allow you to save an emergency fund you will use to take care of your financial needs, so that you will not depend on your bitcoin investment to sort them out.


Title: Re: Bitcoin, when to buy
Post by: 2Pizza410000BTC on February 03, 2024, 02:27:58 PM
The choice to buy Bitcoin depends on many factors and objectives. I would advise you to keep an eye on the whales, if they are draining bitcoins, then you can’t enter the market, if you can’t buy either, then they are speculating on its price, so that they can then cut off the profit from the hamsters. In general, a lot of factors depend on buying Bitcoin.
I don't think there's any need to watch the whales to invest in Bitcoin. Investing in Bitcoin always requires your own effort. If you aim to invest in Bitcoin then you can invest using DCA method if you don't have money to invest at once. In particular, I never trust the predictions of influencers to invest, I always invest using my own intuition, DCA methodology.


Title: Re: Bitcoin, when to buy
Post by: Tmoonz on February 05, 2024, 10:15:47 AM
Looking at Bitcoin investment for long term perspective of which the investment plan is to buy and hodl requires an investor not  to necessarily be looking at the market movement on the view that this is mostly done by short time investors whose interest is only to buy and maximize profits within the shortest time frame which is more risky and considered to be gambling reason why long term investment is been prioritize. The dca stratege gives investors the flexibility to invest and enter the market irrespective of price and time because deciding if Bitcoin has a place in your portfolio requires looking beyond today's headlines but for future profit maximization. Similarly buying at dip should only be seen as additional advantage of accumulating more Bitcoin in to your portfolio. both for newbie and  experience investor the dca  is the best because it mitigates the risk tolerance in Bitcoin investment by given investors the emotional rest needed to manage their asset properly.


The first best time to buy Bitcoin was yesterday and the second best time is today, this brings to every Bitcoin antispator that procrastination ever buying Bitcoin or the person that is asking on the best time to buy the dip, this implies that the best time is never tomorrow regardless of the speculations on how low the price might drop in the future if you can't buy it now , there is no certainty that you will be able to buy it tomorrow.



Title: Re: Bitcoin, when to buy
Post by: Samlucky O on February 05, 2024, 11:44:18 AM
The growth of Bitcoin over years have made it one of the most sorted after asset in the world right now and to me it's a lifetime opportunity that needed to be seized,
Definitely. Bitcoin is not only a digital asset to buy, but the safest way to secure our future. Bitcoin has many potentiality that makes it quit different from other investment which are:

1. Bitcoin is a good store of value with the potential of higher volatility over time.
2. Dont expire like bank note which could be changed from time to time. It remain constant in appearance  while Changes in price due to volatility.
3. Bitcoin is a digital asset that has a long life spam. Meaning it can stay upto 50 years in a wallet without being dominant like local bank account.
4. Bitcoin doesn't require paperwork 📜 where you have to fill form before registration. But can open at the comfort of your zone.
5. Bitcoin has the best privacy and security system expecially in DEX. Which mean you do transaction anonymously without people knowing who owns the wallet except for CEX where required kyc before exchange.
6. Bitcoin is the fastest way of sending money across the globe without going to the bank or requesting for western union money transfer.
So all this potential are the reason while I say Bitcoin is more important than the way you think.

So my question is when is the best time to buy Bitcoin?

Bitcoin doesn't have a particular time to buy. If you study very well, is either you buy on lump sum, dip and hold and the DCA. But the most popular one is the weekly DCA. Because if you only want to buy when it's dip you might be disappointed because Bitcoin is not waiting for anybody. So the DCA still serves as the best amount all.

Many people that have been into the industry before I even came in have mostly suggested the DCA method, some advice I allowed it to drop to my convenience price before I buy.
Like you said, if you wait for it to fall before you buy, you will be disappointed. Just like many people who fail to buy  bitcoin when it was low below $16k, now they are regretting why dey didn't buy it then. But the problem about the dip strategy is that you don't really know the best time to buy when it's dip. Because you don't know whether that time might be the last time you will see the lowest dip. And probably if it was, you regret forever. Except bitcoin price fall to same category next time.



Title: Re: Bitcoin, when to buy
Post by: Mpamaegbu on February 05, 2024, 05:50:59 PM
The choice to buy Bitcoin depends on many factors and objectives. I would advise you to keep an eye on the whales, if they are draining bitcoins, then you can’t enter the market...
Those factors shouldn't be any hindrance at this moment, knowing full well that we're approaching an event that will usher in a new ATH. Bitcoin is still below its present ATH, and we know that it had always overtaken its previous ones to create a new one. If you were looking at any factor that could hold anyone back from buying, that should be during the bear season, not now. ATM, the market is excited.

By the way, anyone can buy at any time they want. Actions of whales can't stop anyone from trading or investing.


Title: Re: Bitcoin, when to buy
Post by: GeorgeJohn on February 05, 2024, 05:59:51 PM
The choice to buy Bitcoin depends on many factors and objectives. I would advise you to keep an eye on the whales, if they are draining bitcoins, then you can’t enter the market, if you can’t buy either, then they are speculating on its price, so that they can then cut off the profit from the hamsters. In general, a lot of factors depend on buying Bitcoin.
the best you can buy Bitcoin and they make a profit is when the market is extremely down or extremely low it is the best someone can buy a Bitcoin and hold for long time and immediately the market is in green color you can say to make a profit that is why it is incoring or any investor to venture into cryptocurrency investment immediately the market is on bearish so that whenever the market Rises you make profit through the opportunity of it increment, so from my own perspective we have a special period or someone can buy a Bitcoin for long-term investment and we also have a particular time someone can buy a Bitcoin for short-term investment so it is inability of some of us to notice the particular time that will be favorable for us to purchase a bitcoin and they also make a profit during the process, so what I advise people is that you have to examine the the market before you purchase a bitcoin for long time or short-term investment.


Title: Re: Bitcoin, when to buy
Post by: tyz on February 05, 2024, 07:40:51 PM
So my question is when is the best time to buy Bitcoin?

It's like stocks that you really want to buy. There is no right or wrong time to get in, especially with a deflationary product like Bitcoin. If you are convinced of the product, then you can get in at any time. However, you should avoid buying at times of extreme hype. At all other times, however, you can buy at any time.


Title: Re: Bitcoin, when to buy
Post by: Tipeform$ on February 06, 2024, 06:02:11 AM
The growth of Bitcoin over years have made it one of the most sorted after asset in the world right now and to me it's a lifetime opportunity that needed to be seized,

So my question is when is the best time to buy Bitcoin?
 
Many people that have been into the industry before I even came in have mostly suggested the DCA method, some advice I allowed it to drop to my convenience price before I buy.

As a newbie I feel the DCA method is the best base on my own perspective of looking at it on the long term, I don't know if anyone have any better opinion? Because I believe in the hype that  this forum is filled with knowledgeable people about cryptocurrency.

I am not going to say here that I have very good experience with Bitcoin but if anyone thinks he will invest in Bitcoin then he can invest from the current price. Because no one can say exactly what shape the market will take but by doing some market analysis people can make some guess about the price. Those who are market experts may guess and invest their own thoughts but I think as a newbie if he wants to invest a lot then it is better to buy from the current price. Also if a new investor thinks of investing using DCA method it will be better for him.


Title: Re: Bitcoin, when to buy
Post by: AirtelBuzz on February 06, 2024, 02:13:10 PM
I think as a newbie if he wants to invest a lot then it is better to buy from the current price. Also if a new investor thinks of investing using DCA method it will be better for him
Newbies should start investing in Bitcoin now if they want to invest. Because if the new investor thinks why they didn't invest when the price of Bitcoin was much lower then it will just be their regret. DCA Strategy is very easy for Bitcoin investment beginners. By adopting this method new investors can start their investment very easily and even increase their Bitcoin investment continuously if they have full initiative to invest in Bitcoin.


Title: Re: Bitcoin, when to buy
Post by: Games.Bitcoin on February 06, 2024, 05:02:50 PM
Timing of investment is very important in business. But it is very difficult to determine the right time to invest in the crypto currency world. But wait for the dip. If you think the market will not go deep, then you can slowly invest using the DCA method. By doing this , your bitcoins are purchased and you can slowly reduce the purchase price of the market.


Title: Re: Bitcoin, when to buy
Post by: encryptogon on February 06, 2024, 06:33:52 PM
I think the best to buy Bitcoin was 10 years ago. You can buy Bitcoin whenever you like. I have seen many people saying that purchase Bitcoin every month using a fixed amount. This will not burden your budget and at the end of the year, you will have a good quantity of Bitcoin investment. I have read some analysis, and they were saying that Bitcoin price might dip before April 2024, which is the ideal time to buy Bitcoin if you haven't invested yet.     


Title: Re: Bitcoin, when to buy
Post by: Zanab247 on February 06, 2024, 06:48:47 PM
Quote from: encryptogon
I think the best to buy Bitcoin was 10 years ago. You can buy Bitcoin whenever you like. I have seen many people saying that purchase Bitcoin every month using a fixed amount. This will not burden your budget and at the end of the year, you will have a good quantity of Bitcoin investment. I have read some analysis, and they were saying that Bitcoin price might dip before April 2024, which is the ideal time to buy Bitcoin if you haven't invested yet.     
Not only 10 years ago, you can still buy BTC now and hodl for the bull run to come before you can sell which is what majority people in this community are doing to boost their wealth, which you can also apply the same formula to get the same result with them in this season.

You can get different prediction from different experts but ensure you do your own research to know if their prediction will come to stand in the future before following their steps and, if you want to know if there will be another bear run before the end of this year 2024 just ensure you save some money in case something like that happen you can still buy again.


Title: Re: Bitcoin, when to buy
Post by: AirtelBuzz on February 07, 2024, 05:10:18 AM
I think the best to buy Bitcoin was 10 years ago. You can buy Bitcoin whenever you like.
I think the best time to buy bitcoins is when one wants to buy bitcoins. You say 10 years ago was the best time to buy bitcoins but we weren't there or haven't been able to invest in bitcoins since then. So if we invest in Bitcoin now that will also be the best time for us because we will start from here.
Quote
I have seen many people saying that purchase Bitcoin every month using a fixed amount. This will not burden your budget and at the end of the year, you will have a good quantity of Bitcoin investment.
The method you are talking about is the dollar cost averaging method. By adopting this method, a person can buy a certain amount of bitcoins every month and accumulate gradually. If he doesn't increase his budget as you say and deposits the same amount of bitcoins every month, his bitcoin investment will grow at the end of the year.

Quote
I have read some analysis, and they were saying that Bitcoin price might dip before April 2024, which is the ideal time to buy Bitcoin if you haven't invested yet.    
Maybe that will be before the Bitcoin halving.We all know that the Bitcoin halving is only a few months away. During Bitcoin halving, the price of Bitcoin will drop a lot. But after the Bitcoin halving, bullrun season will start in the market, then the price of all coins including Bitcoin will increase again.


Title: Re: Bitcoin, when to buy
Post by: Olatundespo on February 07, 2024, 09:01:04 AM
Quote from: encryptogon
I think the best to buy Bitcoin was 10 years ago. You can buy Bitcoin whenever you like. I have seen many people saying that purchase Bitcoin every month using a fixed amount. This will not burden your budget and at the end of the year, you will have a good quantity of Bitcoin investment. I have read some analysis, and they were saying that Bitcoin price might dip before April 2024, which is the ideal time to buy Bitcoin if you haven't invested yet.     
Not only 10 years ago, you can still buy BTC now and hodl for the bull run to come before you can sell which is what majority people in this community are doing to boost their wealth, which you can also apply the same formula to get the same result with them in this season.

You can get different prediction from different experts but ensure you do your own research to know if their prediction will come to stand in the future before following their steps and, if you want to know if there will be another bear run before the end of this year 2024 just ensure you save some money in case something like that happen you can still buy again.
Having reviewed the previous years and seen it I think it will run like a mad horse and the audience will watch it to their heart's content. It is true that not everyone can ride this horse.The best time to invest depends on various factors including your financial goals, risk tolerance, and market conditions.


Title: Re: Bitcoin, when to buy
Post by: merekamo on February 10, 2024, 01:56:57 AM
The growth of Bitcoin over years have made it one of the most sorted after asset in the world right now and to me it's a lifetime opportunity that needed to be seized,

So my question is when is the best time to buy Bitcoin?
 
Many people that have been into the industry before I even came in have mostly suggested the DCA method, some advice I allowed it to drop to my convenience price before I buy.

As a newbie I feel the DCA method is the best base on my own perspective of looking at it on the long term, I don't know if anyone have any better opinion? Because I believe in the hype that  this forum is filled with knowledgeable people about cryptocurrency.

Sure thing. But, putting money into Bitcoin can look like a chance and you know risk. If you ask me, "when to best buy Bitcoin?" Opinions differ among people. Some like the Dollar-Cost Averaging (DCA) approach. It involves regular investments, no matter the price. Others wait for the price to fall to a better level. As a new person to cryptocurrencies, your idea to use DCA for a more long-term plan makes sense. Yet, it's helpful to think about other views. Try to learn from people who know this field well, in this forum.


Title: Re: Bitcoin, when to buy
Post by: Cyber_warrior on February 10, 2024, 03:04:00 AM
I am not going to say here that I have very good experience with Bitcoin but if anyone thinks he will invest in Bitcoin then he can invest from the current price.
Everyone has a pattern that they are using to invest, and everyone does what works best for them. If I were to tell anybody to invest in bitcoin, I wouldn’t just tell them to invest once, especially if the person is very new to bitcoin investment and is scared to invest. I would just tell them they should split their money and invest in parts.
 
Let me make an example. if you have $100 in your wallet and you want to invest, you can just decide to divide the $100 into parts, with each part being $25. You can decide to use $25 to invest every week or every two weeks, it depends on you. Just give yourself an amount to be invested and the time interval for your investment.


Title: Re: Bitcoin, when to buy
Post by: mamesso on February 10, 2024, 04:39:41 AM
The best time to buy Bitcoin is when you are ready to buy it with money that is not used to buy anything else. Bitcoin prices tend to fluctuate, you can take advantage of bearish moments to buy them, because in general the Bitcoin graph continues to rise. The DCA strategy is very suitable for those of you who want to invest long term, you can accumulate assets periodically for the next one or two years and not sell the Bitcoin you own until its value exceeds the purchase price. By using this strategy you don't need to constantly monitor market prices and will prevent you from panicking if the price suddenly decreases or goes sideways.


Title: Re: Bitcoin, when to buy
Post by: Fiasem20 on May 06, 2024, 07:28:08 PM
When to buy Bitcoin is when you're financially stable,that's exactly the preferred state to accumulate bitcoin using the best strategy ever which happens to be the DCA strategy.Like most persons will say that every investment has their unique risk and an investor that wants to invest in Bitcoin should know and understand the analysis of the coin, bitcoin is volatile and not a quick rich scheme investment.Like I said earlier you must have something doing in order to continue accumulation of Bitcoin and also an emergency fund incase of necessity.Waiting till the dip before investing might you cut you off the next bull moment,so accumulate with your source of income with DCA strategy.


Title: Re: Bitcoin, when to buy
Post by: Kristiyana on May 06, 2024, 08:33:17 PM
Actually I can't really tell for sure, reason been that there are some people who normally use timing method, there are also some people who does not like using such method. so I guess is just a matter of choice, you can buy at your convenience time you shouldn't wait for anyone to tell you when to buy and when not to buy. sometimes timing the market can make you lose a very big opportunity, that is why I don't always like using that method, but is very good sometimes maybe in terms of selling you can keep timing until it hits your target then you can sell.


Title: Re: Bitcoin, when to buy
Post by: GbitG on May 06, 2024, 08:44:50 PM
As a newbie I feel the DCA method is the best base on my own perspective of looking at it on the long term, I don't know if anyone have any better opinion? Because I believe in the hype that  this forum is filled with knowledgeable people about cryptocurrency.
Hmm correct!
But anyway, there is also a way besides DCA, which is quite well as a profit organization. We called it Lump Sum.
 
Both have their own pros and cons, just as every strategy has its own good and bad. But to be considered, Both are just outstanding. I personally prefer the DCA strategy, through which I accumulate Bitcoin over a period of time. Which according to me, is the best strategy. But this is the best strategy when a person has a small amount for investment. While if someone has a large amount, I think there is no better strategy than Lump Sum. It is assumed that you have mastered the skills of market dynamics as well as technical, fundamental, etc. If not, I think a small mistake can push you into a big loss.


Title: Re: Bitcoin, when to buy
Post by: GeorgeJohn on May 06, 2024, 09:39:52 PM
So my question is when is the best time to buy Bitcoin?
 
answer of this question have to do with the individual observation I when to invest in Bitcoin and make a profit and when not to invest in Bitcoin.. for me some certain thing I know right well that we are investors need to know during the time want to invest in Bitcoin actually there's not a specific time that is profitable for someone to invest in Bitcoin because the price of Bitcoin is unpredictable when you think it that is the normal time to invest in Bitcoin might not be the time the price of Bitcoin will Skyrocket so from my own perspective I think that investing in Bitcoin depending when you have your capital and if you want to invest for long time you should at least wait until the Bitcoin price falls, during time of bearish season it is when bitcoin is good to be invest on


Title: Re: Bitcoin, when to buy
Post by: boyptc on May 06, 2024, 09:45:39 PM
When to buy Bitcoin is when you're financially stable
No need for you to become financially stable before you buy. As long as you're capable of buying and it's not going to affect your life economy and expenditures, you can buy when you're able.

that's exactly the preferred state to accumulate bitcoin using the best strategy ever which happens to be the DCA strategy.
I'd agree about DCA.

It's always the strategy on when and how we're going to purchase it. So, depending on your life status and as long as you're capable of doing that without having money constraints after your purchase, that's a good start.