When to buy - question to Hodlers

[Paycoinzzz]

Hi fellow Hodlers,

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

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

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

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

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

[cryptothreads]

Hi fellow Hodlers,

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

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

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

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

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

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

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

[Oceat]

   I am long-term investor, and I invest when I have money! Once a month from my salary, or once in two months,
depending on bonuses on my salary and expenses for current month for family and house.

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

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

[Savemore]

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

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

[timmmers]

If you are going to buy BTC right now, be careful because it doesn´t look like that the market will go up. Trading volume is decreasing and there is a big drop on hashing power, it dropped by tens of percents, last time that hashing power dropped so much, price followed it. 

[enhu]

If you are going to buy BTC right now, be careful because it doesn´t look like that the market will go up. Trading volume is decreasing and there is a big drop on hashing power, it dropped by tens of percents, last time that hashing power dropped so much, price followed it. 

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

[dunfida]

   I am long-term investor, and I invest when I have money! Once a month from my salary, or once in two months,
depending on bonuses on my salary and expenses for current month for family and house.

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

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

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

[davidroux]

If you are going to buy BTC right now, be careful because it doesn´t look like that the market will go up. Trading volume is decreasing and there is a big drop on hashing power, it dropped by tens of percents, last time that hashing power dropped so much, price followed it. 

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

[kesmex]

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