Time to buy Bitcoin?

[batang_bitcoin]

I don't think anyone knows exactly when is the best time to buy bitcoin. some people would say buy when prices go down and sell when prices go up. in my opinion this is easy to say but it is quite difficult to do because the price of bitcoin is very volatile. so that I am principled when I have more money I will buy bitcoin and then hold it. I will hold it until the price of bitcoin can pump higher than my purchase price. I will be patient waiting for that. investing in crypto does require patience.

I agree on that, there's no one can knows when's exactly the best time. But we use indicators and speculations and create an intelligent guess when it is the good time to buy base on the charts that we see and specially if you're into analysis. There's also that practice of cost averaging that no matter what's the price, buying is a must. And for those who don't know when's the exact time to buy, they can do that strategy.

[clickerz]

yes I agree with you I also always give a target when I will sell my coins. when the coins that I hold have experienced a 50% increase then I will sell them. if after selling the price of the coin goes up again I will not regret it because I already made a profit. but if I continue to hold the coin too long without a target and keep hoping the coin will rise again. I will be disappointed when the coins go down because they do not get profits because expectations do not match reality.

This is another lesson I want to employ. I  learned it the hard way because I have some coin at has no value at all now. This is a piece of sound advice especially if you are starting on cryptocurrency especially on altcoins or tokens. Don't hold for too long especially the project is new and just launch, big whales will dump their holdings as long as they have profit.

[STT]

I invest on monthly
basis, from my salary.

Regular investment is a reasonable investment strategy.   I think its called dollar cost investment or something similar, I will look it up.     The idea is to invest into an asset class over time, many people think just Bitcoin is fine and others believe the whole spread of crypto currencies should be bought or at least the top 10.
   Buying over time is something I often look back on a few things and wish I had done, so long as the trend is positive long term it works.   Something like INTC or intel shares it was a valid idea or Microsoft or the whole tech sector all have been good vehicles for world growth though initially there was alot of uncertainty.   This particular asset of crypto is more volatile so perhaps the idea is even more applicable to spread risk over time.

https://www.investopedia.com/terms/d/dollarcostaveraging.asp

Its a far more reasonable idea then trying to buy the bottom price with just one buy.   Trading is far harder then investment over time, the main decision is on market being suitable to hold and in an area of growth.  I do think alternatives to the status quo of conventional FIAT is a growth area, nothing is for certain but Bitcoin has a good chance of success and capturing part of this sector growth.

[cutesgirl]

yes I agree with you I also always give a target when I will sell my coins. when the coins that I hold have experienced a 50% increase then I will sell them. if after selling the price of the coin goes up again I will not regret it because I already made a profit. but if I continue to hold the coin too long without a target and keep hoping the coin will rise again. I will be disappointed when the coins go down because they do not get profits because expectations do not match reality.

This is another lesson I want to employ. I  learned it the hard way because I have some coin at has no value at all now. This is a piece of sound advice especially if you are starting on cryptocurrency especially on altcoins or tokens. Don't hold for too long especially the project is new and just launch, big whales will dump their holdings as long as they have profit.

Invest looking which condition how bitcoin and altcoin price, never look with bitcoin have down or lower price become god chance for investing, how if bitcoin take down again and not raise up. There are always have chance with bitcoin goes down and up but think with good analyze for bitcoin when is up before invest your money.

[DaftAjax]

Trading is far harder then investment over time, the main decision is on market being suitable to hold and in an area of growth. 

But isn't investing over time needs trading as well? In fact, it's a necessity when constantly investing in something. We should always check the charts whenever we invest in that particular currency (whatever you wanna call it), to have the most optimal profit (over time).

I do think alternatives to the status quo of conventional FIAT is a growth area, nothing is for certain but Bitcoin has a good chance of success and capturing part of this sector growth.

That's what Bitcoin supposed to be but look at it now. It became an asset rather than being the "alternative", and it's sad that the "growth area" we're seeking isn't as clear as we perceive it to be. Exposure isn't the problem from Bitcoin as of now, it's the utilization and adaptation we should be concerned about. And how can we utilize an "asset"? NO, we don't, we hold it. And I think people would still just hold their Bitcoins, considering what happened in 2017.

[wxa7115]

yes I agree with you I also always give a target when I will sell my coins. when the coins that I hold have experienced a 50% increase then I will sell them. if after selling the price of the coin goes up again I will not regret it because I already made a profit. but if I continue to hold the coin too long without a target and keep hoping the coin will rise again. I will be disappointed when the coins go down because they do not get profits because expectations do not match reality.

This is not a bad strategy but do you have any way to get back in the market if the coins you were holding keeps going up? I ask this because it is easy to say that if you earn 50% you will be happy with your results but how many people were early adopters of bitcoin and sold their bitcoin for a cheap price and they are now regretting their decision even when they got profits out of it.

A trading strategy in order to be complete not only should tell you when to get in the market and out of it, it should also have a way to tell you if it is good idea to get back in a coin which you have recently sold.

[STT]

But isn't investing over time needs trading as well?

No the advice given is often buy and leave well alone, over speculation or excessive activity can be a negative.   Over the years, many people have been involved in crypto and sensed this was a sell area only to find the long term gains were of far greater magnitude.   Just like now, today this could be a sell and I dont disagree but by the end of the year its easily a buy again as it all depends on the period to hold for.
   Its reasonable to keep track of a sector, the level of BTC dominance and other ideas.   I was currently reading about Turkey possibly entering with some use of crypto, it has suffered problems from its distance to dollar and of course China announced some crypto activity.   Thats all fundamentals, its easily arguable its best not to trade but holding over a year is reasonable.   A separate amount could be traded but they are two different things because the time frames are so different.

[Serco]

yes I agree with you I also always give a target when I will sell my coins. when the coins that I hold have experienced a 50% increase then I will sell them. if after selling the price of the coin goes up again I will not regret it because I already made a profit. but if I continue to hold the coin too long without a target and keep hoping the coin will rise again. I will be disappointed when the coins go down because they do not get profits because expectations do not match reality.

This is another lesson I want to employ. I  learned it the hard way because I have some coin at has no value at all now. This is a piece of sound advice especially if you are starting on cryptocurrency especially on altcoins or tokens. Don't hold for too long especially the project is new and just launch, big whales will dump their holdings as long as they have profit.

Invest looking which condition how bitcoin and altcoin price, never look with bitcoin have down or lower price become god chance for investing, how if bitcoin take down again and not raise up. There are always have chance with bitcoin goes down and up but think with good analyze for bitcoin when is up before invest your money.

and if face this condition we have to be calm, dont be panic or even selling our asset when we see bitcoin or altcoin price drop. We must admit that current condition still not good, their is no confidence that could make us courage to buy crypto currency again.
 
And in near future i see bitcoin still have chance to drop again ,if we have no floating minus position we  could start buy it again to accumulate our bitcoin amount.

[Visbay]

Trading is far harder then investment over time, the main decision is on market being suitable to hold and in an area of growth. 

But isn't investing over time needs trading as well? In fact, it's a necessity when constantly investing in something. We should always check the charts whenever we invest in that particular currency (whatever you wanna call it), to have the most optimal profit (over time).

I do think alternatives to the status quo of conventional FIAT is a growth area, nothing is for certain but Bitcoin has a good chance of success and capturing part of this sector growth.

That's what Bitcoin supposed to be but look at it now. It became an asset rather than being the "alternative", and it's sad that the "growth area" we're seeking isn't as clear as we perceive it to be. Exposure isn't the problem from Bitcoin as of now, it's the utilization and adaptation we should be concerned about. And how can we utilize an "asset"? NO, we don't, we hold it. And I think people would still just hold their Bitcoins, considering what happened in 2017.

Exactly at this time, it’s the worst thing to utilize your investment but it's much better to hold as holding is always profitable for us. It’s not good to panic your coins those who sell at panic will suffer only loose. We can invest our money now and hold in 2017 people who have been holding for huge profit won, but those who sold before 2017 become sad and they regret at the end.

[DaftAjax]

No the advice given is often buy and leave well alone, over speculation or excessive activity can be a negative.   Over the years, many people have been involved in crypto and sensed this was a sell area only to find the long term gains were of far greater magnitude.   Just like now, today this could be a sell and I dont disagree but by the end of the year its easily a buy again as it all depends on the period to hold for.

Then it's not "investment, over time" but "investment, one-time", I totally misunderstood that part.

But I have a question, how sure are you that trading frequently is a bad thing? And how certain you are that holding is a good thing?

Isn't it trading causes the decrease (eventually, eliminates) of volatility? IIRC, the massive one-time buy in 2017 made a huge bubble, and holding them didn't help Bitcoin either--made it worse actually.

[romero121]

The market trend isn't completely understandable, there is more price drop than expected. If it keeps up to gain momentum there'll be forward push in the price. If that happens then we can expect gradual growth as it is nearing the final month of the year. Same time if the drop happens with specific time interval there are chances for massive fall in the price of bitcoin followed will be the altcoins. So, it is good to wait for a short and make decision whether to invest right now or hold it.

[Smitty Werben Man Jensen]

The market trend isn't completely understandable, there is more price drop than expected. If it keeps up to gain momentum there'll be forward push in the price. If that happens then we can expect gradual growth as it is nearing the final month of the year. Same time if the drop happens with specific time interval there are chances for massive fall in the price of bitcoin followed will be the altcoins. So, it is good to wait for a short and make decision whether to invest right now or hold it.

it seems now is the time for you to set it up, the price of bitcoin is stuck at $ 7800 now,
you can buy some of your money in Bitcoin, or part of the altcoin that you trust, I'm sure tomorrow Bitcoin will go up again

[wxa7115]

The market trend isn't completely understandable, there is more price drop than expected. If it keeps up to gain momentum there'll be forward push in the price. If that happens then we can expect gradual growth as it is nearing the final month of the year. Same time if the drop happens with specific time interval there are chances for massive fall in the price of bitcoin followed will be the altcoins. So, it is good to wait for a short and make decision whether to invest right now or hold it.

it seems now is the time for you to set it up, the price of bitcoin is stuck at $ 7800 now,
you can buy some of your money in Bitcoin, or part of the altcoin that you trust, I'm sure tomorrow Bitcoin will go up again

And this is why trading or investing in any market is so hard, the price is still going down and for a time it went below 7000 and it is likely that we will close below 7300, at some point you need to take a decision, you need to be willing to accept that it is impossible to take decisions that are completely perfect, someone buying at 7800 may be lamenting his decision to buy at that price as the price is still going down but if you believe that the price at which you are buying is good then you need to do it.

Obviously there is a risk of short term losses if you do this but if you actually took the time to analyze the markets then most likely you will get close enough to the bottom and in the long term you will obtain good profits.