When is it right to invest in Bitcoin?

[Zanab247]

In fact, if you are looking for the right time to invest in Bitcoin, you will never find the right time. I always say the best way to invest in Bitcoin is to invest the amount you can afford to lose. Never invest beyond your means.

But if you have the money with you, you can buy BTC at anytime from the market, but if you want your profit to come big, try to use bear run to buy BTC from the market and hodl for long years before you can market to accumulate profits.

Never you invest all your money in BTC which is not advisable, because it will be difficult for you to endure during the bear run and there are some bear run that use to take one or two years before bull run will occur, and if you don't have other sources of income, it can cause you to sell in a lower price.

Do not invest by borrowing money from anyone. Save some money from your income every month to invest in Bitcoin. If you invest little by little, it will eventually add up to a lot.

If you want to enjoy the benefits of BTC investment, never you think of borrowing money from bank or people around you to invest in BTC because it will not allow you to endure like 3 or 4 years before you can sell, because the person that borrowed you the money will like to use the money to do other things which he or she will not allow long years.

[bSpend]

my questions are:
-When is it the right time to invest in bitcon?
-How can one start planning?
-How do you follow up your bitcoin investment and other businesses?
-What are the assurance that you are ready?

I think the only important question on your list of questions is how to know the right time to invest in bitcoin, the rest of other questions are completely unnecessary - sorry to say.

And in terms of knowing the right time to invest in bitcoin, I will say the same thing I've always said when I come across questions like this, and that is that, there is no right or wrong time to invest in bitcoin as long as we are already here today looking forward to tomorrow., the only right time I can say - to invest in bitcoin was yesterday, but since yesterday is past and no way to go back into it, another right time is today and now, and this is because, in terms of price, the market movement is unpredictable, you might want to for price to drop but instead, it end up going up.

So for me, I think the best time to invest in bitcoin in exactly the time you have your funds ready, and have made up your mind in invest that funds in bitcoin, you may decide to use DCA or any other strategy, but what is most important is that, you have taken the decision and are already investing.

[Bravut]

This is not really DCAing method works, you're a confuse.
DCA is simply utilizing a specific amount which to invest consistently either weekly, quarterly, monthly that won't exhaust you after set aside your expenses, discretionary funds and also emergency funds as you invest to avoid tappering or tempted with the invested amount.
This simply allow us continually invest in the market irrespective of the market situation at any moment.  From your explanation anyone would get exhausted, which capital seriously, how about our daily expenses to be met up. It doesn't meet the criteria before indulging in it, more or less investing without plan.

That's exactly what I said but just in a different way. I know that normally when people buy a specific asset after a specific time interval regardless of its price is what is called doing DCA, but that doesn't mean that a person needs to specifically wait for that interval to make another purchase.

If you have a budget in your hands, you buy Bitcoin at $65k with 10% of that budget, and Bitcoin drops to $60k tomorrow which is always possible, you can go ahead and buy Bitcoin at $60k with 10% of your remaining funds, and continue doing that for whatever price you deem fit for your investment plan until you have invested all your money or you think that you should stop buying as the price might start going up from there.

Nice, it based on the investment plan of any individual and how far he/she want to go with a target that gears them wether to be aggressive or conservative in there accumulation journey. As you said,I don't support the idea of anyone to stop buying Bitcoin wether the price pumps or dumps, I think it should be a long run (probably lifetime), journey to keep accumulating (reinvesting), after you might have taken your profits, but you keep going since it a valuable asset and already have proven itself and we still don't know what the future holds for us, not being too optimistic though.

[Crypto Library]

Investing in bitcoin is not something you can just start doing, proper knowledge and planning is needed. Knowing that it is best invested as a short term for beginners like me and long term for experience investors so as to make profit. As an investor, one need to have other means of earnings in other not to stagger when unforeseen occurrences comes like in the bear market(period when bitcoin price falls). Knowing all of these, my questions are:
-When is it the right time to invest in bitcon?
-How can one start planning?

As I am seeing that you have mentioned that you are beginners and I think you are under the misconception that short-term trading is for beginners and long-term trading is for experienced traders. The correct thing is that short term trading is for professional well analysis skilled traders and on the other hand Long-term trading can be done by beginners to professional level traders. Because short term trading requires more analysis than long term trading. On the other hand, long-term trading is done by following a simple DCA method and starting investment for long-term, in this case you just have to adopt an affordable amount of bitcoin after a certain period like every week or month.

-How do you follow up your bitcoin investment and other businesses?

If you invest in Bitcoin in the long term, you don't need to spend much time for analysis, so I don't think that investment in Bitcoin will have any effect on the business.

-What are the assurance that you are ready?

Your stable income and a certain percentage of which you can afford to invest in Bitcoin

[Cripple Dan]

I'd say about 2009-2010 is the right time.