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

[fravia]

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.

well i just buy bitcoin when i have some spare money to spend, but i think that buying lots of bitcoins at once is better, because when you will find from where you want to buy, price might rise

i have friends that buys then at same time, i have friends that buys few bitcoins but many times, both ways are good, you get bitcoins anyway, so it is up to how which you like more

[1714162595]

1714162595

[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.

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.

Yes. There are a couple of commercial trading engines that pairs USD/BTC and some Altcoins. But it's a little complex to set up rules. I may want to explore it if I have more time but not now.

[praprata]

I would do a one off buy because than you have one price and you will make profit with the price that is the bitcoin sold for now.
I would recommend you to to it on that way and not spread it.

[Bitcoinbee]

you can do one time as long as the trading transaction can be completed, and of course making it sure that the value is low enough to make a profit when you sell it.  spread buy out can also be an excellent idea depending on your strategy in receiving it.   

[fravia]

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.

personally i like to buy as many bitcoins as i can in one buy as usually i buy bitcoins when i see bitcoins for a small price, so in case that price might rise later, i buy them in one buy

but most of my friends buy them many times but bitcoin each time or so, they say they buy like this in case that price will fall later so they will be able to get even  cheaper bitcoins

[bittrojan]

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.

i suggest you to spread buy out,find best deal and find right person to buy bitcoin,or if you want to buy bitcoin from exchange,its look better fo you,but you should find exchange that accept payment from your country.

[Bitcoinbee]

If you do the one time buy it has to be with trusted traders doing it with localbitcoin is far more secure having actual trades and personally witnessing the transaction being done.  If you spread it that's also a smart move but still you have to do it with trusted ones.  Not with the sweet talking scammers.  That's why I do bulk trades with my localbitcoins because witnessing the completion of the trade is far more safe than waiting for it at the other side of the globe.

[bitlancr]

I would buy it in one time because most likely it will be cheaper with the fee's and also the price is now still low and maybe in the future a lot higher.

[newcoins1978]

I would buy it in one time because most likely it will be cheaper with the fee's and also the price is now still low and maybe in the future a lot higher.

I also would do it in one transaction, the fee's will indeed be lower and there is a chance that the bitcoin is gonna rise in its price and if you than buy you will lose profit at the end when you sold them.

[biggbox]

I wonder do exchanges give you discounts if you offer to buy in huge quantities.

[Edsemen]

I wonder do exchanges give you discounts if you offer to buy in huge quantities.

I do not think so. But the Poloniex has some discount in fees if you are a big trader for some time.

[fravia]

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.

if it is hard to buy bitcoins in your country, like you can't find sellers, or it is not even legal to buy bitcoins in your country, then i think you should buy them in one buy of course

but if you can buy bitcoins whenever you want, then i think that you can buy bitcoins when you need them and spread the buy out, and try to buy at cheap price

[biggbox]

I am still following my strict routine of buying $X worth of BTC at a fixed day on a monthly basis, regardless of the BTC price. Let's say you budgeted $500 for investment, then every month on the 5th, you buy $500 worth of BTCs. We just have to think of BTCs as a form of shares investment.

[Edsemen]

I am still following my strict routine of buying $X worth of BTC at a fixed day on a monthly basis, regardless of the BTC price. Let's say you budgeted $500 for investment, then every month on the 5th, you buy $500 worth of BTCs. We just have to think of BTCs as a form of shares investment.

That is a good method. The potential of the bitcoin appreciation is much larger than the share investments.

[DomesticTrader]

you can do one time as long as the trading transaction can be completed, and of course making it sure that the value is low enough to make a profit when you sell it.  spread buy out can also be an excellent idea depending on your strategy in receiving it.   

Indeed if you are gonna do it be sure to do it right and buy it low to sell it a lot higher, with buying it at one time you can make a lot of money in the future.

[biggbox]

I am still following my strict routine of buying $X worth of BTC at a fixed day on a monthly basis, regardless of the BTC price. Let's say you budgeted $500 for investment, then every month on the 5th, you buy $500 worth of BTCs. We just have to think of BTCs as a form of shares investment.

That is a good method. The potential of the bitcoin appreciation is much larger than the share investments.

But most of us were greedy and hope for better appreciation and did not sell when the price spiked beyond 750.

[mrhelpful]

I would def spread the buy out.

Take in different metrics so instead of buying 1 whole bitcoin today, you buy pieces so you hedge the risk way less.

When there is a huge price movement this saves you a ton of headache but you also miss out a huge action as well depending when it occurs.

But the buying should of been done before this whole halving scenario though lol.

[helloeverybody]

This post is from back in december 2015, Does anyone know what the op actually ended up doing? did you buy any? Obviously with hindsight now it would appear your best decision would have been to buy in a one off at the time since we have had a fair price rise since then. had i known it would definitely gone up in price i would have gone all in however ive spread out my buys and this has worked out ok for me so far.