Should I do a one off buy or spread the buy out?

[miayama]

I have just come into some money from the sale of a car.  I'd like to buy bitcoins but I am not sure how to buy.  Given the current market conditions would you suggest a one off buy,  buying over a period of a few days, buying over a period of a month or any other way.  I hope to get some good suggestions although I realize nobody can really predict what's going to happen given the current volatility.

It is always recommended that buy in split , first you study the market for some days when you get confidence about the market then start buying in split according to your plan . because nowadays market is too volatile in a 24 hrs time the market fluctuates around more than $20 to $30 so you have to first check the market position then start buying.

Do you mean we should buy only when the price is the lowest in the last 24 hours? If the price rises, we will not buy.

[1715118742]

1715118742

[1715118742]

1715118742

[1715118742]

1715118742

[Edsemen]

If you think the price will rise in long term, you can buy whenever the price drops 20% from the recent peaks.

[Cryptopher]

I want to move into a position where I buy and hodl, but I always hold out too long to buy in after a drop :/

[pooya87]

I want to move into a position where I buy and hodl, but I always hold out too long to buy in after a drop :/

that is where the bots come in. and so far the only good bot is the one you yourself code.
you set it so that it can decide for you by keeping its eye on the market 24,7 so you never have to lose any more opportunities.

[bitlancr]

The best thing is just save it. That is the best option I think that you can do and that will be smart if you are going to do that.
But I hope that more people will use Bitcoin. And that the value will rise for a long time in the future.

[richardsNY]

The best thing is just save it. That is the best option I think that you can do and that will be smart if you are going to do that.
But I hope that more people will use Bitcoin. And that the value will rise for a long time in the future.

He is asking whether it is better to buy a certain amount of coins at once or several times with lower amounts.

Most of the people here think that the closer we come to the block halving, the higher the price will be. I know this thread is from December, but the advice for every one is to buy right now with 50% of the money that you have, and keep the other 50% for when the price goes down more. If you do this you will always have funds to benefit from the price that may get lower.

[n0ne]

Think yourself in what respect you need the profit. So do the buying process accordingly.
Even when the post has been posted the price was good enough to get a good profit.
The same situation has been going on presently.

[Arrakeen]

Buy all at once. Bitcoin is a dangerous, sexy beast that'll have you crying one day and leaping for joy the next.  Buying all at once will maximize these emotions, you'll fall in love in no time

[nwedepius]

One thing is for sure, cryptocurrency had come to stay however, you must not put your eggs in one basket.  Best of luck

[Herbert2020]

Buy all at once. Bitcoin is a dangerous, sexy beast that'll have you crying one day and leaping for joy the next.  Buying all at once will maximize these emotions, you'll fall in love in no time

it depends on your strategy. there is no one right way to do it.

for example if you are planning on holding your bitcoin for long time and then sell it when the price went up, you should buy it all at once and move it to your cold storage.

but if you want to keep trading then you should change how you buy according to the situation. sometimes at once and sometimes with some spread by looking at how the market is changing.

[Edsemen]

One thing is for sure, cryptocurrency had come to stay however, you must not put your eggs in one basket.  Best of luck

I will have some crypto currencies in my portfolio. I have the bitcoin, Ethereum and Monero and litecoin. In that order.

[praprata]

I have just come into some money from the sale of a car.  I'd like to buy bitcoins but I am not sure how to buy.  Given the current market conditions would you suggest a one off buy,  buying over a period of a few days, buying over a period of a month or any other way.  I hope to get some good suggestions although I realize nobody can really predict what's going to happen given the current volatility.

It is always recommended that buy in split , first you study the market for some days when you get confidence about the market then start buying in split according to your plan . because nowadays market is too volatile in a 24 hrs time the market fluctuates around more than $20 to $30 so you have to first check the market position then start buying.

Do you mean we should buy only when the price is the lowest in the last 24 hours? If the price rises, we will not buy.

You can also invest now around this time. The value is not that high now so it is possible to do that.
But you never know what can happen later in the future. But you can see now that the price is rising a bit.

[EdenHazard]

I have just come into some money from the sale of a car.  I'd like to buy bitcoins but I am not sure how to buy.  Given the current market conditions would you suggest a one off buy,  buying over a period of a few days, buying over a period of a month or any other way.  I hope to get some good suggestions although I realize nobody can really predict what's going to happen given the current volatility.

really?you sold your car and have a plan to buy bitcoins? this is amazing,because some people earn bitcoins for a dream to buy car but anyway,you are true bitcoiner,you should buy when bitcoin price lower than currenct price,sure the price will going back to $400 and more.

[miayama]

I have just come into some money from the sale of a car.  I'd like to buy bitcoins but I am not sure how to buy.  Given the current market conditions would you suggest a one off buy,  buying over a period of a few days, buying over a period of a month or any other way.  I hope to get some good suggestions although I realize nobody can really predict what's going to happen given the current volatility.

really?you sold your car and have a plan to buy bitcoins? this is amazing,because some people earn bitcoins for a dream to buy car but anyway,you are true bitcoiner,you should buy when bitcoin price lower than currenct price,sure the price will going back to $400 and more.

The situation is different. If I think the bitcoin price will triple this year, and I do not have other resoucres, I might sell my car to buy bitcoin.

[Edsemen]

I have just come into some money from the sale of a car.  I'd like to buy bitcoins but I am not sure how to buy.  Given the current market conditions would you suggest a one off buy,  buying over a period of a few days, buying over a period of a month or any other way.  I hope to get some good suggestions although I realize nobody can really predict what's going to happen given the current volatility.

really?you sold your car and have a plan to buy bitcoins? this is amazing,because some people earn bitcoins for a dream to buy car but anyway,you are true bitcoiner,you should buy when bitcoin price lower than currenct price,sure the price will going back to $400 and more.

The situation is different. If I think the bitcoin price will triple this year, and I do not have other resoucres, I might sell my car to buy bitcoin.

If your is worth $2000 now, the bitcoin you buy will be $6000 by the end of the year. It could be even higher.

[biggbox]

My buying strategy is simple: Allocate X amount each month. Buy as much BTC as possible with X amount, regardless of price movements.

[Doms]

I'm gonna spread out my buying if I were in your shoes. If you are still not too familiar with the current trends or price movements, spreading out is the best thing to do. I wouldn't rush on going all in, as there will always be opportunities buy at a low price. It's not even timing that matters sometimes, it's just time.

[romero121]

My buying strategy is simple: Allocate X amount each month. Buy as much BTC as possible with X amount, regardless of price movements.

That's a good form of try to make a better profit in the later days, as you'll get an assured price difference between the buying and selling price.

[biggbox]

My buying strategy is simple: Allocate X amount each month. Buy as much BTC as possible with X amount, regardless of price movements.

That's a good form of try to make a better profit in the later days, as you'll get an assured price difference between the buying and selling price.

Yup. Simple no brainer for a simple person like me.

It is less tedious than monitoring prices and making the best shot. Unless there's a good trading engine around.

[Herbert2020]

My buying strategy is simple: Allocate X amount each month. Buy as much BTC as possible with X amount, regardless of price movements.

That's a good form of try to make a better profit in the later days, as you'll get an assured price difference between the buying and selling price.

Yup. Simple no brainer for a simple person like me.

It is less tedious than monitoring prices and making the best shot. Unless there's a good trading engine around.

what is a "trading engine"?! if you mean some kind of automation and usage of bots then you can use them, there are a couple good bots out there that let you do all kinds of settings and also some of the exchangers have some kinds of conditional trading that you can set some conditions for your orders.