When to buy - question to Hodlers

[Joyawan13]

Im just asking because I want to know if there is a more effective way to do it?


tl;dr When do you buy your Bitcoin?

Since youve been considering for long term aspect then the thing youve been doing is just fine where you dont matter much on what price you had entered or bought as long you do aim and just tend to accumulate as much as you can.Being a hodler wont really be that easy where there are lots of temptations of selling off specially when you do saw you are profiting nor the price had gone down on where you had purchased.
So its up to you since its your money after all and buying anytime will be the best thing to be done specially if you arent really that caring much on its price for short duration.

yes, indeed for example we want to buy and want to store bitcoin for a long time, you are not afraid of being wrong, because it is different if you buy bitcoin for you to trade in a short time, so for example when you buy it you think it is a high price and at that time bitcoin has lowered the price it doesn't matter, because when bitcoin has lowered the price for example you don't panic to sell it and you let the bitcoin that you already have, you won't lose the bitcoin that you have, so invest as much as you want for example you believe bitcoin will bring You to a better future.

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[cytpoway121]

Before buying, there are certain questions needing answers

1. Are u buying on the long or short term?
2. Are you well informed about the token you want to buy?

Answering those questions to yourself honestly will go a mile in dictating when to buy because you have information to guide your decision, the most idea way to buy is when it is bearish and low in price, second way is when it has a good support and showing confident prospective of having a bulls soon.

It all boils down to you doing a very good job researching

[carlfebz2]

Im just asking because I want to know if there is a more effective way to do it?


tl;dr When do you buy your Bitcoin?

Since youve been considering for long term aspect then the thing youve been doing is just fine where you dont matter much on what price you had entered or bought as long you do aim and just tend to accumulate as much as you can.Being a hodler wont really be that easy where there are lots of temptations of selling off specially when you do saw you are profiting nor the price had gone down on where you had purchased.
So its up to you since its your money after all and buying anytime will be the best thing to be done specially if you arent really that caring much on its price for short duration.

yes, indeed for example we want to buy and want to store bitcoin for a long time, you are not afraid of being wrong, because it is different if you buy bitcoin for you to trade in a short time, so for example when you buy it you think it is a high price and at that time bitcoin has lowered the price it doesn't matter, because when bitcoin has lowered the price for example you don't panic to sell it and you let the bitcoin that you already have, you won't lose the bitcoin that you have, so invest as much as you want for example you believe bitcoin will bring You to a better future.

Thats average costing where you buy on a lower price if it tends to drop but it doesnt mean that you would focus or go all in in this case because we know that theres no assurance that btc would last up forever.

Always mind of the risk involved even if you do stick with Bitcoin but it doesnt mean that you are already on safe haven.Always take measures on possible scenarios to happen, whats important is that you do
able to secure out your profits and re-roll your profits to gain another profit.In that case, if market becomes worst you do at least wont regret since you already have secure initial investment.

[Cootie]

Hi fellow Hodlers,

I hope Im right in this subforum to ask the following question that has probably been asked plenty of times?

When do you buy or do you spread out buying Bitcoin with FIAT?

I myself buy Bitcoin every month no matter the price for a set amount from my paycheck, in hopes of averaging the price I buy for.
Before doing that Id wait and hope to catch it at a lower price but that always seemed to go in the wrong way, aka. price went up =)


Im just asking because I want to know if there is a more effective way to do it?


tl;dr When do you buy your Bitcoin?

It is always best to buy it when it is on its floor price. Just like commodities, it is best to buy when the price is cheap. That's effective. You can get more profit from it obviously. But it still depends on the the price by the time you sell. It's not the buy price that you have to consider but also the sell price. Actually it is more important because your profit will depend on it, not on the buy price. So, try focusing on that too.

[Vitalicus]

I take profit in fiat after growth. As a rule, any continuous movement is accompanied by a natural recession.
Such moments help me increase the number of BTC on the balance. The main thing is not to be greedy and come back in time.

I also have the same thoughts as you. The principle of investors is not to rush. Our mentality must stand firm against the rigors of the market. There is no benefit to those in a hurry. It took me several years of holding BTC to become rich.

[giammangiato]

Hi fellow Hodlers,

I hope Im right in this subforum to ask the following question that has probably been asked plenty of times?

When do you buy or do you spread out buying Bitcoin with FIAT?

I myself buy Bitcoin every month no matter the price for a set amount from my paycheck, in hopes of averaging the price I buy for.
Before doing that Id wait and hope to catch it at a lower price but that always seemed to go in the wrong way, aka. price went up =)


Im just asking because I want to know if there is a more effective way to do it?


tl;dr When do you buy your Bitcoin?

I do the same, I buy each week a little amount of BTC not looking the price. In the long time I m in positive respect my investment. I also checked this kind of strategy on a website that simulate for amount, timing, and other variables the % of gain. With 10$ for week in 3 years since 2017 you are +66%

[pragna]

Its a very challenging question that when to buy as market is very fluctuating. I think when you think to buy a token you must see some characteristics of market like- that tokens last 15 days price up down statistics and at the same time BTC price. As per example i bought some KICK & DRG tokens last month but matter of sorrow that when i bought tokens BTC turned to pump so tokens price again fall and fall. Now if i can buy again that tokens in low price average market will my favour and when market will up, i will be gainer.

So like this example you have to think market condition before buy and you will be gainer.

thanks.

[ethereumhunter]

I do the same, I buy each week a little amount of BTC not looking the price. In the long time I m in positive respect my investment. I also checked this kind of strategy on a website that simulate for amount, timing, and other variables the % of gain. With 10$ for week in 3 years since 2017 you are +66%

That is good. At least you can have more and more bitcoin while the price is not too high now. Who knows, if in the next months, bitcoin price increase more than the price now, and hit $10k again, so that means, you will make a good profit from that. And after the price hit the highest price, the price will go down again to make a correction to the lower price, and it will go to the higher price again. That will happen like that, and it will happen many times.

[Mahanton]

Its a very challenging question that when to buy as market is very fluctuating. I think when you think to buy a token you must see some characteristics of market like- that tokens last 15 days price up down statistics and at the same time BTC price. As per example i bought some KICK & DRG tokens last month but matter of sorrow that when i bought tokens BTC turned to pump so tokens price again fall and fall. Now if i can buy again that tokens in low price average market will my favour and when market will up, i will be gainer.

So like this example you have to think market condition before buy and you will be gainer.

thanks.

It will really just depend on the coin you are into because not all that have dumped would have the chance to pump.So its really hard to tell or to decide if you would buy those coins or would be afraid to do so

because its just normal that you would think on that it might even dropped way more lower thats why its really hard to make decisions here on a speculative market.Just like on whats said above on where it

do really need some sort of gambling decision because you would need to risk on if you do really believe on a particular project.

[Synaesthesia]

I do the same, I buy each week a little amount of BTC not looking the price. In the long time I m in positive respect my investment. I also checked this kind of strategy on a website that simulate for amount, timing, and other variables the % of gain. With 10$ for week in 3 years since 2017 you are +66%

That is good. At least you can have more and more bitcoin while the price is not too high now. Who knows, if in the next months, bitcoin price increase more than the price now, and hit $10k again, so that means, you will make a good profit from that. And after the price hit the highest price, the price will go down again to make a correction to the lower price, and it will go to the higher price again. That will happen like that, and it will happen many times.

The price of Bitcoin is unpredictable and often goes against the crowd because if people are psychologically panicked, it will certainly not be profitable. I think one way or another, you need to consider carefully before deciding to buy because Bitcoin is currently very high and will soon have a major adjustment in the next few months.

[Subbir]

Only one solution for good timing to buy and invest with cryptocurrency when bitcoin and altcoin have been support price, maybe you must waiting for when your target coin to buy touch lower price and sell after break out to higher price.

We can't expressed that the coin price has decreased and already at the lowest price if we don't have any strategy. You can't use your prediction without any analysis, you will be depend on FOMO if you doing that and will make you get lose instead of you get profit. At least you have to know the trend line strategy, I think the strategy is really simple and easy to understood. And most trader out there has considered that trend line strategy is the best way to start buying and selling bitcoin or altcoin.

Now that the amount of scams has increased we've to be a touch more careful Not just Bitcoin but every currency has got to be thoroughly analyzed before buying the market. you're right to understand the foremost effective trading strategies  If we will analyze the trade market well and buy bitcoin now's an honest time to shop for bitcoin because there's an opportunity for a price rise within the future.

[ethereumhunter]

That is good. At least you can have more and more bitcoin while the price is not too high now. Who knows, if in the next months, bitcoin price increase more than the price now, and hit $10k again, so that means, you will make a good profit from that. And after the price hit the highest price, the price will go down again to make a correction to the lower price, and it will go to the higher price again. That will happen like that, and it will happen many times.

The price of Bitcoin is unpredictable and often goes against the crowd because if people are psychologically panicked, it will certainly not be profitable. I think one way or another, you need to consider carefully before deciding to buy because Bitcoin is currently very high and will soon have a major adjustment in the next few months.

Yes, what you are saying is right. We cannot predict with accuracy, but at least, we can predict where the price will go based on the trading history and analyze the market. We need to analyze before buying bitcoin because, with that way, we can find a good time to buy bitcoin, and that can help us to buy bitcoin at a low price. Like what we see now, bitcoin price is down deeper than a few days ago, so I think it is a good time to buy more bitcoin

[ningrum]

That is good. At least you can have more and more bitcoin while the price is not too high now. Who knows, if in the next months, bitcoin price increase more than the price now, and hit $10k again, so that means, you will make a good profit from that. And after the price hit the highest price, the price will go down again to make a correction to the lower price, and it will go to the higher price again. That will happen like that, and it will happen many times.

The price of Bitcoin is unpredictable and often goes against the crowd because if people are psychologically panicked, it will certainly not be profitable. I think one way or another, you need to consider carefully before deciding to buy because Bitcoin is currently very high and will soon have a major adjustment in the next few months.

Yes, what you are saying is right. We cannot predict with accuracy, but at least, we can predict where the price will go based on the trading history and analyze the market. We need to analyze before buying bitcoin because, with that way, we can find a good time to buy bitcoin, and that can help us to buy bitcoin at a low price. Like what we see now, bitcoin price is down deeper than a few days ago, so I think it is a good time to buy more bitcoin

the price of Bitcoin has risen again to $ 9100, has gone up to $ 200 in a few minutes, seems to be returning to $ 9500,
but this should be the right moment for altcoin to move

[ethereumhunter]

Yes, what you are saying is right. We cannot predict with accuracy, but at least, we can predict where the price will go based on the trading history and analyze the market. We need to analyze before buying bitcoin because, with that way, we can find a good time to buy bitcoin, and that can help us to buy bitcoin at a low price. Like what we see now, bitcoin price is down deeper than a few days ago, so I think it is a good time to buy more bitcoin

the price of Bitcoin has risen again to $ 9100, has gone up to $ 200 in a few minutes, seems to be returning to $ 9500,
but this should be the right moment for altcoin to move

I hope so. The price now still at $9,100 range so the chance for bitcoin price to go up still wide open. I am not sure if the altcoin can move at this moment because bitcoin already drop too deep than before but maybe, some of the altcoins can increase higher. But you need to be careful if you want to trade altcoin pair bitcoin because the altcoin can go down for more without we notice.

[davinchi]

Everyone here wants to buy at the lowest price, but most of the time you can't really tell. It is just like what happened earlier this year, no one knew that the price will fall below $4000 when the pandemic started, it took them by surprised and while some were running out because they thought the price would go down to $2000 or $1000, others who are wise utilized the opportunity and started investing because they knew that's the opportunity they had and no matter what, the price will still go up.

buying at dips may help us to cover all possible lows. Because, no one could exactly predict the lower possible price levels, we do not have any other option except "buying at all dips". It means we should not go "all-in-one". Also, we must have enough patience to wait and watch. But, long term holders are having less hassles compared to what short term investors and traders are experiencing.

[Desscount]

there are no signs that Bitcoin will return to $ 4000 or under $ 4000, the pandemic is still ongoing and it seems to have an impact on the crypto currency market, because according to current news the crypto and gold currencies are among the best investments, surely everyone does not want bad things to happen, always pray for better future

[Quidat]

there are no signs that Bitcoin will return to $ 4000 or under $ 4000, the pandemic is still ongoing and it seems to have an impact on the crypto currency market, because according to current news the crypto and gold currencies are among the best investments, surely everyone does not want bad things to happen, always pray for better future

Im not saying that the current pandemic doesnt have any impact in gold or crypto but if this situation would go even further on where
it will cause economic recession then it would really be expected that there would be movements that would really connect into the issue.
Lets hope that we wont really go into that situation and answering about when to buy in hodlers point of view then it would be surely
on anytime since they do held of coins for long term then buying wont really be a problem no matter what price they are into.

[Bezobraznike]

   I am long-term investor, and I invest when I have money! Once a month from my salary, or once in two months,
depending on bonuses on my salary and expenses for current month for family and house.
   In few years when prices go up few dollars up and down will not make a huge difference in my opinion. And I
believe that will happen in few years. I started around two years ago and I think I need to hold at least 5 more years.

[tbterryboy]

   I am long-term investor, and I invest when I have money! Once a month from my salary, or once in two months,
depending on bonuses on my salary and expenses for current month for family and house.
   In few years when prices go up few dollars up and down will not make a huge difference in my opinion. And I
believe that will happen in few years. I started around two years ago and I think I need to hold at least 5 more years.

You can buy basically at any time, the results may vary of course but buying at every moment works wonders if you ask me. Bitcoin is a currency that is against fiat and fiat constantly loses value, look at USA right now, they have printed 2 trillion dollars, they are printing 2.2 trillion more and all of that combined makes dollars lose value as well, yet at the end of the day bitcoin gains value so to me that is awesome. I live in a country where dollar gains value as well, so to me, I am making even more and more.

Buy bitcoin right now, buy it a month later, buy it one year later, doesn't matter where you buy it. The real thing is, when will you sell it, that is the real question, if you sell it at profit that is awesome, if you can't wait and panic and sell, that is the real trouble.

[bct_ail]

   I am long-term investor, and I invest when I have money! Once a month from my salary, or once in two months,
depending on bonuses on my salary and expenses for current month for family and house.

That is a good way. The problem is, that you don't may to to  look about the price then. Many people don't make it and they still waiting for better prices. Its a pity that there a so less exchanges which offers a savings plan. I only know one.