When to buy - question to Hodlers

[Innerpumper]

Hi fellow Hodlers,



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?

The most effective way to holder is to see the development of the project suppose the bitcoin holder wants to buy again, just know the current condition if follow the trend up you quite hold with a short time, if there are rumors circulate this good chance to get more profit.

[lienfaye]

The most effective way to holder is to see the development of the project suppose the bitcoin holder wants to buy again, just know the current condition if follow the trend up you quite hold with a short time, if there are rumors circulate this good chance to get more profit.

As a bitcoin hodler its easy for me when to buy bitcoin and I think we are aware of that. Buying low and selling high is the key to profit, just have lots of patience. Dont fomo because thats the usual mistakes of hodlers especially those lacking of knowledge in crypto investment. I accumulate bitcoin before the recovery happened hence I already made profit this time but still waiting for further increase because its possible due to halving.

[michellee]

Hi fellow Hodlers,
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?

The most effective way to holder is to see the development of the project suppose the bitcoin holder wants to buy again, just know the current condition if follow the trend up you quite hold with a short time, if there are rumors circulate this good chance to get more profit.

If bitcoin price can down deeper from the price now, then I think that will be the best time to buy and hold. You don't sell the bitcoin if the price does not increase so high, and you can hold it for a long time because some people cannot hold for a long time, and they sell their bitcoin when the price just start the rally. But if the price is not rising so higher, the holder will not sell their bitcoin because they have their own target to sell.

[MCobian]

Everyone would want to buy bitcoin when the price drops, the problem is we do not know when the price of bitcoin fell. Because bitcoin
prices are very volatile, so bitcoin price movements are difficult to predict. So maybe by buying bitcoin every month, no matter the price
is indeed a good decision. The most important thing is using money that we can afford to lose. I bought bitcoin gradually, so I divide the
capital I had. So when bitcoin falls from the price we buy, we can buy again. With this strategy I have made a double profit several times.

[Sanitough]

Everyone would want to buy bitcoin when the price drops, the problem is we do not know when the price of bitcoin fell.

We don't know when but we will know if the price will drop, and that is the timing we are all looking for.
Based on my experience, it's easy to spot when the price is at dip, just like this year, bitcoin dropped to $4000 so that should be the lowest and you'll buy that because you believe it will rise in the long run, that's the reason why you are going to be a hodler.

short term investment is harder than long term investment, so I don't think its a big problem spotting what price we will buy.

[Henry2020]

That's great advice, I'm just getting into this. Really great forum.

[sana54210]

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?

I guess no one could help you to get you accurate lower price levels to buy bitcoins. By considering how widely bitcoin is fluctuating, you may get probable lower prices and at the same time you may miss it as well. It is always good practice to buy bitcoins periodically so that definitely you could catch a probable lower prices.

One of the basic investment principle must be, NOT buying all at once. So, you are already doing good, but you must keep on watching markets closely so that you may get chances to catch the lowers prices instead of blindly buying at same date every month. I'm saying this because I know some investors who are buying from their salary of regular job and they never focus on catching lower prices as they simply buy on first day of every month. If they take time to watch the market by waiting with money, then they probably get lower prices within that month.

[Sanugarid]

Everyone would want to buy bitcoin when the price drops, the problem is we do not know when the price of bitcoin fell.

We don't know when but we will know if the price will drop, and that is the timing we are all looking for.
Based on my experience, it's easy to spot when the price is at dip, just like this year, bitcoin dropped to $4000 so that should be the lowest and you'll buy that because you believe it will rise in the long run, that's the reason why you are going to be a hodler.

Yeah, there is really no time to buy, what you need is the exact moment to buy and that is only when the price declines striking a down direction, that is the best position for you to buy, you can also buy in increasing position where you will notice that the price is increasing day by day, kinda good to ride that also. As for holders, it is easier for them to enter the market anytime whenever they want to cause they are holding it, no matter how down it is they'll just be sitting waiting for it to comeback.

short term investment is harder than long term investment, so I don't think its a big problem spotting what price we will buy.

Short term investment is harder, however long term investment is has a blind spot, you won't be seeing that you're losing unless it is coming near your sight.

[Hypnosis00]

That's great advice, I'm just getting into this. Really great forum.

I understand that you are new here and I'm glad that you appreciate how the forum runs for. 
Just keep reading and surely you can find a lot of helpful things and ideas that could give you more knowledge about crypto and could answer your question and doubts. And feel free to ask by then.

[ScamViruS]

Your strategy is good. I also follow this strategy, I try to buy $100 bitcoin per month, if I have extra money. Since I buy for long-term hold I try to average price every time. But I don't always buy the same amount, I often buy it after doing market analysis. Market analysis is of course important when it comes to buying bitcoin. If you have seen the last dump of Bitcoin, you will understand why I am saying that you should see where the market is going. During the last dump I was able to purchase some bitcoins. I was able to purchase at $4500. And this time of course I bought more than my regular purchase. So the amount of purchase has to be more or less by market analysis.

[TheGreatPython]

It is easy to see when it drops, it is harder for some people to get in when it drops, that is the problem. Hell the whole reason why it drops is the people who sell, so those people actually got panic and sold their coins instead of buying at those prices, some person actually dropped their bitcoins under 5k this year, they actually did that on a year we moved above 10k, so it is not about seeing when price goes down and seeing when it goes up.

Some people are just too afraid, they are afraid when going down and afraid when going up as well, some people see bitcoin going up and buy it at the top because they fear they are going to miss out, and same people actually sell when it goes down because they fear it will go down further. So they just purely lose and leave.

[Sanitough]

Short term investment is harder, however long term investment is has a blind spot, you won't be seeing that you're losing unless it is coming near your sight.

There is no blind spot if you keep monitoring, my strategy varies on the particular coins that I am holding for long term.
For example, I invested bitcoin, I don't need to get updated all the time as I understand it will not fail, but I have more delicate treatment on my altcoins as anytime they could lose their value, I've experience it already in the past, so I learn from that and will not allow to happen again.

[Utoy101]

tl;dr When do you buy your Bitcoin?

Whenever i see question like this, i always can't help it but laugh hard....  Like what do you expect the Veterans to tell you other than buy low and sell high? I'm not trying to debunk your question but the thing is, no when knows when it is the right time to buy, it's always assumption because if anyone knows when to buy and sell, i believe such person would have a lot of million dollars already 

[Becky666]

When to buy to me is when the market seem red and not green which signifies the bullish run. The appropriate time to buy cryptocurrency is when the bullish run gather momentum. This momentum always give a way for the very bullish run, like what is going to happen few days to come is a signal for better days ahead. Buying before the bitcoin halving is the best choice to make, for those who will wait for the middle of the bullish bitcoin halving will be the dumping ground this season except they are good on long-term holding. Buy bitcoin now and hold against the market rise.

[ene1980]

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 =)

tl;dr When do you buy your Bitcoin?

If you have a base idea on what the market situation will be in the near future then you should be prepared to invest when ever there is a dip in the market rather than investing whenever you like irrespective of the price. The halving is not a secret and everyone who invest in the market knows that the market would rise from the present situation and investors started investing whenever the price went down.

For you to have a better understanding, here is the data for the past few moths conducted by some researchers.

https://news.bitcoin.com/12-months-of-onchain-data-bitcoin-whales-hundreds-of-btc-from-small-fish/

[sandos]

When to buy to me is when the market seem red and not green which signifies the bullish run. The appropriate time to buy cryptocurrency is when the bullish run gather momentum. This momentum always give a way for the very bullish run, like what is going to happen few days to come is a signal for better days ahead. Buying before the bitcoin halving is the best choice to make, for those who will wait for the middle of the bullish bitcoin halving will be the dumping ground this season except they are good on long-term holding. Buy bitcoin now and hold against the market rise.

Bitcoin is the best investment at the moment, but the last few months have been very volatile and often make investors feel more anxious. The worst time was in March because this was the time when Bitcoin price dropped to $4,000 but now the price has improved a lot and is being traded stably at $8900. Hopefully in the near future the crypto market will continue to increase in price and have more new opportunities for new entrants.

[Ems439]

I think this time is time to buy, because still bearest market  due to pandemic,but I'm sure after this pandemic bull run is waving slowly but surely☺️☺️☺️

[KnightElite]

Most of the people have the answers of buying because they think that the price is still cheap and they are so very high that makes them a speculator. I use technical analysis so there are parameters that I keep checking before I buy or before I hold a coin. When I do holding, I make sure that the price is above average of the 20 MA which is consider as short term support. I also make sure that the momentum of a particular coin is strong because it is one of the bullish signals. If you will buy or use new strategy make sure that is suitable to your skills in order for you to be profitable.

[Reatim]

I believe in your trust in Bitcoin because Buying monthly even if the price is going high is rare attitude of investors here.

I admit wanted to do the same but when the market is bullying/i start to feel helpless and becomes contented in my Holdings and this made me bitter once the value continues to grow the next days.

But one thing that we have in common is buying at least once a week or month specially when the market is in below 6k .

[leea-1334]

I believe in your trust in Bitcoin because Buying monthly even if the price is going high is rare attitude of investors here.

I admit wanted to do the same but when the market is bullying/i start to feel helpless and becomes contented in my Holdings and this made me bitter once the value continues to grow the next days.

But one thing that we have in common is buying at least once a week or month specially when the market is in below 6k .

I do not think it is a rare attitude,,, I know a lot of people including myself who buy every month, or every possible period, it is the only way we can get bitcoin a little bit. This is called average costing, very old tactic:) It does not care about the price, it just buys whenever possible.