When to buy - question to Hodlers

[suzanne5223]

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☺️☺️☺️

As you said, this is the perfect time to buy before the it total bullrun market but the pandemic wont be the reason why the bullrun market wont happen and what people need to be careful about is the coin the choose to hold. In the meantime, it better to go all in bitcoin than altcoin.

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[rodskee]

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☺️☺️☺️

As you said, this is the perfect time to buy before the it total bullrun market but the pandemic wont be the reason why the bullrun market wont happen and what people need to be careful about is the coin the choose to hold. In the meantime, it better to go all in bitcoin than altcoin.

So what should be the reason why the bullrun wont come or happen?Seems that you
have much idea why the market suffering like this now?
In some reason the market starts bull this year from January to middle of March,but
when the Covid-19 make its way to spread in almost
every continent of the world then all of a sudden the market reacted so bad and this
is why i think Virus makes this market dump and will
remain dumping until everything gets clear and the spread stops .

[shadowdio]

Well I buy bitcon when the price is down or suddenly dump that is the perfect time to buy bitcoin but now bitcoin is already high, I don't think if this is good time to buy.

[suzanne5223]

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☺️☺️☺️

As you said, this is the perfect time to buy before the it total bullrun market but the pandemic wont be the reason why the bullrun market wont happen and what people need to be careful about is the coin the choose to hold. In the meantime, it better to go all in bitcoin than altcoin.

So what should be the reason why the bullrun wont come or happen?Seems that you
have much idea why the market suffering like this now?

Crypto market is not suffering now and bullish trend ought to automatically happen after bitcoin halving as planned by Satoshi but the miners and whales decision determine in some situations if bullish will happen.

In some reason the market starts bull this year from January to middle of March,but
when the Covid-19 make its way to spread in almost
every continent of the world then all of a sudden the market reacted so bad and this
is why i think Virus makes this market dump and will
remain dumping until everything gets clear and the spread stops .

Dont get me wrong, the covid-19 spread cause dump in price of the marker but it only exit the weak hands and the January market till now is never a bullish market but an uptrend market for the preparation of halving because bullish market is simultaneously/ridiculous surge in price of the market.

[Mpamaegbu]

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.

This is obvious even to the literally blind or the deafened deaf. It's the best strategy for trading and like W.Buffet opined, "buy when others are scared and sell when they're greedy buying."

[gantez]

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

This to my own opinion is not a very good business plan. Buying at any time or month means not taking the speculative analysis into consideration. The better thing to do is waiting for when price has drop to maximize profit.

[carlfebz2]

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☺️☺️☺️

As you said, this is the perfect time to buy before the it total bullrun market but the pandemic wont be the reason why the bullrun market wont happen and what people need to be careful about is the coin the choose to hold. In the meantime, it better to go all in bitcoin than altcoin.

So what should be the reason why the bullrun wont come or happen?Seems that you
have much idea why the market suffering like this now?

Crypto market is not suffering now and bullish trend ought to automatically happen after bitcoin halving as planned by Satoshi but the miners and whales decision determine in some situations if bullish will happen.

Nothing is assured and also the market doesnt only rely with whales nor miners.It all vary with the demand from people the community which would drive out the price in a particular price level.
Theres no sure if we would heap up or down after halving even most people already expecting on positive outcome but this wont happen overnight.I would always prefer on
stable and gradual increase rather than short time spikes.

In some reason the market starts bull this year from January to middle of March,but
when the Covid-19 make its way to spread in almost
every continent of the world then all of a sudden the market reacted so bad and this
is why i think Virus makes this market dump and will
remain dumping until everything gets clear and the spread stops .

Dont get me wrong, the covid-19 spread cause dump in price of the marker but it only exit the weak hands and the January market till now is never a bullish market but an uptrend market for the preparation of halving because bullish market is simultaneously/ridiculous surge in price of the market.

We cant point if this price increase is really indicating that we are going for a bull run. The pandemic situation did really make some effect
but its only a shortwhile and the price had recovered again.

[celot]

I think many trader ask on forum when good time to buy altcoin or bitcoin, always the same question from many trader exactly with beginner in trading way. I think best time for investing and trading when your potential coin have touch support price, you can buy much do you want if you can't analyze with coin price.

[smyslov]

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?

Just always keep in mind to only invest what you can afford to lose, if you practice this you are ok and good to go buy Coin when you have money that you can allocate for coins, it's better that you buy it when the market is down, in line with the theory buy low sell high, you don't have to worry about coins going down after you bought it as long as you are buying the top coins in the market.

[Negotiation]

We should not be disappointed when the price of currency falls We have to wait patiently believing that the price will go up anytime It is easy to make a profit if the price goes up. I think now is the best time to buy The price of every currency in the crypto market is rising Bitcoin has moved to almost half of the events Prices are likely to rise further so we can get double profit if we buy and hold now. The market is rising steadily and the price of currencies is rising due to the impact of bulls Great time to buy and hold Bitcoin.

[michellee]

I think many trader ask on forum when good time to buy altcoin or bitcoin, always the same question from many trader exactly with beginner in trading way. I think best time for investing and trading when your potential coin have touch support price, you can buy much do you want if you can't analyze with coin price.

I think they can analyze to find the best time to buy altcoin or bitcoin, but the best time to buy is when the price is down deeper than the last price. But to get a good time, we need to wait for a while because the time will not be unpredictable so you need to use the alarm if the price can reach a level price. If the alarm sound, that means, you need to prepare on the market to buy the coin.

[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 .

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.

Not because you are buying as well like OP meaning this is not a rare attitude,because can you name other people that has this same objective?many of us here are buying monthly but that is when the price is at low level but not on the moment that bitcoin is in bullying time.

I rarely found even in my sets of friend that has been loyal to bitcoin butt hey prevent buying when the peak is there and when they felt like another dump is near to com.like what happen in 2017 when people buys more in december but suddenly becomes failure in january.

[AniviaBtc]

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.

The most essential thing here in trading is patience and good timing. People are struggling when to buy and sell bitcoin because they aren't knowledgeable and aware of the market. In hodling, people are really greedy and tempted to sell even if it is not that necessary to do that, there are always a possibility of bitcoin to increase its price simultaneously and that's the reason why you should wait for the right and fixed moment.

But all of the things and happenings in your trading career is in your hand, it is up to you if you will do good in your transactions. In long term profit, you should really think critically to prevent short term losses because that can affect your trading quality if you let those losses enter your transactions. Always be aware about the market movement and the factors that affects it to read some changes in its price.

[CarnagexD]

Personally one of the common questions of the people when is the right time to buy a lot of coin and bitcoin. For me, I used the traditional way of making profit what is that? When the market price drops or we called as the dip I bought a lot of coins just simply applying the rule if buy low and sell high that is the basic concept of making more profit or income and also it depends on your when you think that the market price of the coins drops so you can make a huge market income. It is not only the right time to buy or sell your coins but for me halving is one of the best effecting ways to do that kind of methods of earning because most of my investment and trading makes me a huge income with that so profit is with me.

I think many trader ask on forum when good time to buy altcoin or bitcoin, always the same question from many trader exactly with beginner in trading way. I think best time for investing and trading when your potential coin have touch support price, you can buy much do you want if you can't analyze with coin price.

I think they can analyze to find the best time to buy altcoin or bitcoin, but the best time to buy is when the price is down deeper than the last price. But to get a good time, we need to wait for a while because the time will not be unpredictable so you need to use the alarm if the price can reach a level price. If the alarm sound, that means, you need to prepare on the market to buy the coin.

One of the things we need to consider too is what kind of coin you will buy because when halving comes most of the people will be bought a lot of bitcoin but if not it is for altcoin season so be wise what and which coin gives you a huge income.

[Kasabus]

I think many trader ask on forum when good time to buy altcoin or bitcoin, always the same question from many trader exactly with beginner in trading way. I think best time for investing and trading when your potential coin have touch support price, you can buy much do you want if you can't analyze with coin price.

I think they can analyze to find the best time to buy altcoin or bitcoin, but the best time to buy is when the price is down deeper than the last price. But to get a good time, we need to wait for a while because the time will not be unpredictable so you need to use the alarm if the price can reach a level price. If the alarm sound, that means, you need to prepare on the market to buy the coin.

I still follow the most basic one buy low and sell high because i'm still making profit from it even if it takes a long span of time. Although we cannot predict the lowest value, but once the current price has dropped a bit lower, i will start buying bitcoin and then just patiently waiting when it will increase its price so i can start making profits. Of course patience would still be the best virtue not to panic when things aren't going your way.

[tvplus006]

...
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...

If you believe in the growth of bitcoin, then the price that exists now does not matter to you. But this is only in theory) In practice, you should not buy BTC at the highest possible price. I believe that simply keeping your bitcoins in your account is not the right decision. Sometimes you need to sell your BTC and then buy it back at a lower price. But this already requires special knowledge)

[South Park]

If you ask the true bitcoin lovers (who are all the known long term holders) about when to buy bitcoins, then they will simply answer like "all the times are good to enter bitcoins because we are still in the beginning days of bitcoin's boom and you may consider yourself as an early adopter and late adopter of bitcoin yet to born" . Yes, we have seen these at least 100 times across this forum's various boards.

Honestly, the current times must be most right time to buy bitcoins by considering the upcoming halving. You may not need to wait with holding if you expect some 10% or 25% of returns. But, it is highly recommended to hold until 2021 if you look for 10x profits. Yes, 1000% returns if you opt to hold for years. So, current time must be more profitable for the people who plan up for years.

That advice is true if what you're looking for is to hold your coins for a very long time but very few people have the patience to hold for that long, if what you're looking for is to obtain some decent profits in a short amount of time this market can give you those profits but for that you will need to learn to read the signals the market gives you and that is not easy to do because as we know the whales in this market are very powerful and they can manipulate some of those signals as they wish.

[pgbit]

I want to say bitcoin buying near the have been more consistent and predictable especially within the first few days. Second, note the higher confidence of returns above zero. Buying at near term high does have a higher return in general, but its less consistent and comes with some downside risk. Even though there are no trading sessions that account for more or less volume, there are certain parameters to take into account before buying cryptocurrency. According to multiple analyses on average daily bitcoin prices.

[bitgolden]

There is nothing wrong with the method you're using to buy Bitcoin. Some of us don't do it that way, though, we just wait for the right time to buy. I don't buy every month, I only buy when I feel it's the right time to start buying. Whenever there are some situations whereby the price starts falling and people are selling, I usually take that opportunity to buy as much as I can and store them in my wallet and wait for when to sell.

When the pandemic affected the price earlier this year, I seized that opportunity to buy some coins and add to my wallet. The ones I had before decreased in price, I didn't sell them, it was already late so I decided to buy more and add to it lol. I guess any price levels just before the halving should be a great price to buy and hold as halving mat trigger another stronger waves like what we had in 2017.

[Lorence.xD]

My method of buying is when the price is low so that I can maximize the money that I will put into it, I think that it has been my mantra ever since my friend introduced me to bitcoin. I don't have problems with the way you spend your money to invest on bitcoin but I can see that you will be netting less profit because you are buying bitcoin no matter if the price goes up or not. My advice to Hodlers out there is to set a price where you are willing to let go of the bitcoin you are holding so that you will not wait for something that will result in fruitless endeavor.