When do you buy Bitcoin ?

[zodiac3011]

I bought a few through localbitcoins. I never sold any. I just use it when the price is high. I hold most bitcoin.

Hello although localbitcoins can be convenient for your purchase, the price in localbitcoins is usually higher than the market so this can be a risk

[bitebits]

I bought a few through localbitcoins. I never sold any. I just use it when the price is high. I hold most bitcoin.

Hello although localbitcoins can be convenient for your purchase, the price in localbitcoins is usually higher than the market so this can be a risk

Not if you buy and sell on localbitcoins and only use the bitcoins for saving purposes (hodl).

[mouneshwar123]

I bought a few through localbitcoins. I never sold any. I just use it when the price is high. I hold most bitcoin.

Hello although localbitcoins can be convenient for your purchase, the price in localbitcoins is usually higher than the market so this can be a risk

Not if you buy and sell on localbitcoins and only use the bitcoins for saving purposes (hodl).

I usually get bitcoin in localbitcoins lesser than the value in market.

[calkob]

Thanks for ll the replies, i had thought about buying 1BTC a month.  So if i divided that into days that would be 0.0328 i could buy daily, somedays i would buy high but on average it should balance out over the year. 

To be honest i think BTC will increase massively in the future and i am planning to hold long term anyway, so i think that today's price is a bargain, but its about maximizing the amount i get per £ now.

[yenxz]

Everyrime is always good for buying bitcoin,if you know that bitcoin price will raise up.

[bitebits]

Thanks for ll the replies, i had thought about buying 1BTC a month.  So if i divided that into days that would be 0.0328 i could buy daily, somedays i would buy high but on average it should balance out over the year.  
To be honest i think BTC will increase massively in the future and i am planning to hold long term anyway, so i think that today's price is a bargain, but its about maximizing the amount i get per £ now.

If it makes you feel better you should definitely apply dollar cost averaging. However it won't maximize your bitcoin holdings:

We conclude that if an investor expects such trends to continue, is satisfied with his or her target asset allocation, and is comfortable with the risk/return characteristics of each strategy, the prudent action is investing the lump sum immediately to gain exposure to the markets as soon as possible. But if the investor is primarily concerned with minimizing downside risk and potential feelings of regret (resulting from lump-sum investing immediately before a market downturn), then DCA may be of use.

[HostSurf]

It kinda depends for me. If I feel like I could make profits out of the amount that I bought the bitcoin then yes I will buy.

[wikenpp]

Best time to buy for me is when everyone is talking about the price drop.

And best time to sell is when everyone is talking about how the price is going to the moon.

[spirit of btc]

Price drop is the best time to buy bitcoins and selling it during the price rise.
I actually did buy btc for 2000USD when btc price was 240-270 and sold it for 330, by the process I saved one btc for myself as a profit

[Financial_Genius]

monthly 10 btc .

[makingwin1]

i buy after the bitcoin price goes down a bit

[Oscoda]

monthly 10 btc .

10 BTC that is so much money that is like 3000 -3500 dollar every month -.-
So in one year you hace 120 Bitcoin hmm oke.

[calkob]

Thanks for ll the replies, i had thought about buying 1BTC a month.  So if i divided that into days that would be 0.0328 i could buy daily, somedays i would buy high but on average it should balance out over the year. 
To be honest i think BTC will increase massively in the future and i am planning to hold long term anyway, so i think that today's price is a bargain, but its about maximizing the amount i get per £ now.

If it makes you feel better you should definitely apply dollar cost averaging. However it won't maximize your bitcoin holdings:

We conclude that if an investor expects such trends to continue, is satisfied with his or her target asset allocation, and is comfortable with the risk/return characteristics of each strategy, the prudent action is investing the lump sum immediately to gain exposure to the markets as soon as possible. But if the investor is primarily concerned with minimizing downside risk and potential feelings of regret (resulting from lump-sum investing immediately before a market downturn), then DCA may be of use.

Great link, Thank you.  very interesting, so if i get the jist its saying buy today over buying on a regular basis if you feel the asset will rise?

[ThunderThomas]

The right time to buy bitcoins is when the price drops and when you believe that it will bounce back so you could make profits, if you're into trading that is.

[bitebits]

Thanks for ll the replies, i had thought about buying 1BTC a month.  So if i divided that into days that would be 0.0328 i could buy daily, somedays i would buy high but on average it should balance out over the year.  
To be honest i think BTC will increase massively in the future and i am planning to hold long term anyway, so i think that today's price is a bargain, but its about maximizing the amount i get per £ now.

If it makes you feel better you should definitely apply dollar cost averaging. However it won't maximize your bitcoin holdings:

We conclude that if an investor expects such trends to continue, is satisfied with his or her target asset allocation, and is comfortable with the risk/return characteristics of each strategy, the prudent action is investing the lump sum immediately to gain exposure to the markets as soon as possible. But if the investor is primarily concerned with minimizing downside risk and potential feelings of regret (resulting from lump-sum investing immediately before a market downturn), then DCA may be of use.

Great link, Thank you.  very interesting, so if i get the jist its saying buy today over buying on a regular basis if you feel the asset will rise?

The title of the Vanguard research basically summarizes it: "Dollar-cost averaging just means taking risk later"

You can't time the market, but time in the market is important. However you need to be able to stomach a potential (paper) loss.
Please be aware that bitcoin != the stock market, and is a highly volatile and risky 'investment'. That is why you need to imagine which scenario would make you feel worse:

Losing a large percentage of the money you invested vs missing the train with huge upswings. It is up to you.

[wikenpp]

The right time to buy bitcoins is when the price drops and when you believe that it will bounce back so you could make profits, if you're into trading that is.

I buy when the market is wild. This moment for example the market is wild. Fluctuation of the price are quite high. So I place both buy and sell order to maximize my profit.

When the market is asleep I try to make my profit with the alts.

[ivanst776]

I am thinking to buy at least 0.5BTC to 1BTC by the end of the year(before the new year) and wait/hold until July or August.

[richardsNY]

I simply buy when I feel comfortable. Which is mostly when there is a long period where the price doesn't move much. If the price is tanking it gives me an even better opportunity to buy cheap coins.

[wikenpp]

I am thinking to buy at least 0.5BTC to 1BTC by the end of the year(before the new year) and wait/hold until July or August.

I think that is a safe bet. I really see no way this could be a bed investment.

SInce after the block halving the price should be at least 450+

[inget]

When the price is low or if I see a deal that can be payed with bitcoin. Sometimes on this forum f.e.

I see some deals that can only be bought with btc, so i cash out some fiat for bitcoin.