The best time to buy

[Newlifebtc]

Bitcoin is an investment that if you understand it,you will reap well from it,now that the prices are falling is the best time to buy and save up the ones you have, because soonest the prices will increase by then you can sell if you want and make your profit

[pooya87]

Bitcoin is an investment

Wrong. Bitcoin is a currency not an investment.

now that the prices are falling

Prices aren't falling now, they fell 10-11 days ago and for the past 48 hours the price has been rising. The best time to buy bitcoin was in the dip when everyone was panicking and spreading FUD (although it is not too late).

because soonest the prices will increase by then you can sell if you want and make your profit

Again bitcoin is not get rich quick scheme that you buy and hold for a short while then become rich as you sell and take the profits. It's a decentralized currency that is created to give people the financial sovereignty they need.

[BlackHatCoiner]

Wrong. Bitcoin is a currency not an investment.

While I do believe that it should be considered by most people as a currency and not as an investment, I find it wrong to not consider it an investment. Bitcoin was introduced as a cash system, and thus, a currency, but an investment is any asset or item that will bring profit at some point in the future.

A house is a building for human habitation, but it's also an investment. Or an even better example: If you take part to Forex trading, all the national currencies are, simultaneously, investments.

[MusaMohamed]

Best time to buy in April was days ago. Best time to buy Bitcoin generally is too broad and I can not get it.

Each month have each best time to buy Bitcoin, lowest price in a month.
Each year you will have some bearish months to buy Bitcoin.
Each forum years, you have many best times to buy discount Bitcoin.

[Poker Player]

Wrong. Bitcoin is a currency not an investment.

While I do believe that it should be considered by most people as a currency and not as an investment, I find it wrong to not consider it an investment. Bitcoin was introduced as a cash system, and thus, a currency, but an investment is any asset or item that will bring profit at some point in the future.

I too was surprised that @pooya87 said that. Bitcoin was created as currency but as of today it is not. It is an investment and a store of value but not a medium of exchange. And I'm not sure it will be in the future either, because by Gresham's law, people tend to save and not spend the coins they consider valuable, being them a store of value instead of a medium of exchange.

[BlackHatCoiner]

It is an investment and a store of value but not a medium of exchange.

Stating the opposite is also wrong. The fact that people accept it as a payment method makes it, indeed, a medium of exchange.

[cmg777]

It is an investment and a store of value but not a medium of exchange.

Stating the opposite is also wrong. The fact that people accept it as a payment method makes it, indeed, a medium of exchange.

I'd say you are both right. Bitcoin is both a medium of exchange and investment. This is why BTC is called "Digital Gold". Initially BTC was conceived as mainly a means of semi-anonymous exchange between two or more people. However, the deflationary rate it was built upon made it into more of an investment as time went on. So presently, I would say BTC leans more towards investment than means of exchange just like gold. Sure if someone is willing to accept gold as payment for a product/service then you can use it as a medium of exchange but most likely you would lose out on the future gains against the USD which makes people want to keep gold as an investment. 

[macson]

imo if you don't use USD/BTC conversion....anytime is the best time to buy Bitcoin!

Wrong. Bitcoin is a currency not an investment.

While I do believe that it should be considered by most people as a currency and not as an investment, I find it wrong to not consider it an investment. Bitcoin was introduced as a cash system, and thus, a currency, but an investment is any asset or item that will bring profit at some point in the future.

I too was surprised that @pooya87 said that. Bitcoin was created as currency but as of today it is not. It is an investment and a store of value but not a medium of exchange. And I'm not sure it will be in the future either, because by Gresham's law, people tend to save and not spend the coins they consider valuable, being them a store of value instead of a medium of exchange.

Have you read the Bitcoin whitepaper, initially Bitcoin was deliberately created as a currency to allow you to freely transfer your funds without going through the bank....it's just that because of the manipulators who make the price very expensive, they turn Bitcoin into an investment asset at will.

imo if asked whether Bitcoin is an asset or currency then calling Bitcoin both is not wrong. ^{(depending from where side you look it)} cmiiw

[passwordnow]

It is an investment and a store of value but not a medium of exchange.

Bitcoin is a medium of exchange as well, that's really the purpose of it before when it's not yet considered as an investment. It just so happen that the value has increased and most people who hold it chose to make it as an investment. As we receive payment in bitcoin in campaigns, makes it as an example of being a medium of exchange.

Best time to buy in April was days ago. Best time to buy Bitcoin generally is too broad and I can not get it.

I agree on that but it's not too late. We can also say that the best time was on 2018 and the past years that we've got. This means that there's still time left to buy bitcoin before it finally goes to the top.

[examplens]

Wrong. Bitcoin is a currency not an investment.

While I do believe that it should be considered by most people as a currency and not as an investment, I find it wrong to not consider it an investment. Bitcoin was introduced as a cash system, and thus, a currency, but an investment is any asset or item that will bring profit at some point in the future.

I too was surprised that @pooya87 said that. Bitcoin was created as currency but as of today it is not. It is an investment and a store of value but not a medium of exchange. And I'm not sure it will be in the future either, because by Gresham's law, people tend to save and not spend the coins they consider valuable, being them a store of value instead of a medium of exchange.

@pooya87 have right here. The basic idea of Bitcoin is not investment, it’s just an additional product that has come on time.
If Bitcoin fall to $3000, can it be called an investment for the one who bought at $60k?
If you hold any fiat, $ for example. Can you say that is a Dollar investment?
When you buy a house to live in, is this investment or physical good? You must pay bills, servicing for this house, to keep them usable.

[cmg777]

@pooya87 have right here. The basic idea of Bitcoin is not investment, it’s just an additional product that has come on time.
If Bitcoin fall to $3000, can it be called an investment for the one who bought at $60k?
If you hold any fiat, $ for example. Can you say that is a Dollar investment?
When you buy a house to live in, is this investment or physical good? You must pay bills, servicing for this house, to keep them usable.

I see what you are trying to say here. Bitcoin is a product like gold or stocks or any other right? Comparing buying BTC at 3K or ATH of 60K+ is like comparing buying Apple when the fell in the 90s (before the iPod) and buying Tesla at its ATH. They are both investments that can rise and have the potential to fall. The investment that seems to always fall is the dollar due to printing of the currency. Did you know 25% of all USD money was printed during pandemic? What do you think that will do? Cause the dollar to lose value due to inflation. Yes holding dollars is an investment but a bad one at that as you expected to spend the money on either something that will go up in value (houses, stocks, crypto, etc), provide a business or means of income/product (equipment, services, etc), or something that provides happiness like a gold chain or new car or something that sates your consumption as a human being (food, shelter, water, other bills). Really all the dollar is to me is the latter its a glorified government stamp or subsidy that only devalues over time. Bitcoin can be in the physical just like a house as there are the Ledger series wallet or simply the wallet.dat on a usb stick as examples.

[GeorgeJohn]

Best time to buy in April was days ago. Best time to buy Bitcoin generally is too broad and I can not get it.

Each month have each best time to buy Bitcoin, lowest price in a month.
Each year you will have some bearish months to buy Bitcoin.
Each forum years, you have many best times to buy discount Bitcoin.

Am against it because Bitcoin don't have a specific time to buy or sell, someone can Bitcoin anytime Bitcoin goes up and down because of market determination , so it depends when you feel like to buy your coin or currency without blaming someone direction or encouragement to buy.

[Alisha-k]

True investors are increasing their Bitcoin block by buying more coins to add to their existing wallet while opportunist are getting rid of their coin with fair of losing their funds if Bitcoin finally falls below $40,000. But for me I still want to buy more

[pooya87]

I too was surprised that @pooya87 said that. Bitcoin was created as currency but as of today it is not. It is an investment and a store of value but not a medium of exchange. And I'm not sure it will be in the future either, because by Gresham's law, people tend to save and not spend the coins they consider valuable, being them a store of value instead of a medium of exchange.

Just because fees go up for a short period of time, or because price is rising and some people may hold more that doesn't change the nature of bitcoin. In fact each time price goes up the amount of bitcoin people spend increases too.

Also you can't say bitcoin is not a currency and at the same time claim that it is an investment. Because if bitcoin loses its only utility as a medium of exchange it becomes useless and will lose its value. In other words the only reason why bitcoin has value and that value keeps on increasing is because of two things: it is a decentralized currency and it still has a long way to go to reach mass adoption.
The other way works though, bitcoin is a currency that gains value which makes it also a store of value.

[mk4]

In summary (based on the arguments on this thread):

• Some people will use bitcoin as a currency.
• Some people will use bitcoin as a store-of-value.
• Some people will use bitcoin as an investment.

We're all free to do whatever we want with our bitcoin, which is what makes it beautiful. You're welcome.

[mrjoy15]

Bitcoin goes up and down but Bitcoin is till bullish so HODL it and wait till it hits another high. Bitcoin has lost some value as U.S President Biden's proposed high tax fro capital gains. Market fluctuations is normal, but we only lose money when we decided to sell the coin.Anytime is a good time for buying bitcoin, don't sell bitcoin unless you're starving.

[boyptc]

Best time to buy is when all market is red but not many have the nerves to buy. Only mature and serious investors have the nerves to buy when market is bleeding. I remember how people reacted in dec 2018, when bitcoin went down to 3500$. Only wise investors bought at that time.

It is always the case.

When the market has seen to be red, there will be a lot of people that will say that it's a good time to buy.

But you'll never know how many of them really are buying by that time.

[Zotak337]

Bitcoin is an investment

Wrong. Bitcoin is a currency not an investment.

now that the prices are falling

Prices aren't falling now, they fell 10-11 days ago and for the past 48 hours the price has been rising. The best time to buy bitcoin was in the dip when everyone was panicking and spreading FUD (although it is not too late).

because soonest the prices will increase by then you can sell if you want and make your profit

Again bitcoin is not get rich quick scheme that you buy and hold for a short while then become rich as you sell and take the profits. It's a decentralized currency that is created to give people the financial sovereignty they need.

Presently still bitcoin works more like a investment to me than a currency, people are withdrawing their Fiat for banks and buying bitcoin? Using currency to buy currency? No, they are using currency to buy gold that's a I can see here meaning that bitcoin is more like a valuable asset than money

[AniviaBtc]

Wrong. Bitcoin is a currency not an investment.

While I do believe that it should be considered by most people as a currency and not as an investment, I find it wrong to not consider it an investment. Bitcoin was introduced as a cash system, and thus, a currency, but an investment is any asset or item that will bring profit at some point in the future.

I too was surprised that @pooya87 said that. Bitcoin was created as currency but as of today it is not. It is an investment and a store of value but not a medium of exchange. And I'm not sure it will be in the future either, because by Gresham's law, people tend to save and not spend the coins they consider valuable, being them a store of value instead of a medium of exchange.

Bitcoin is only an investment if you buy it to trade it in a certain exchange like Binance.

But normally, bitcoin is a digital currency and not mainly a store of value but due to volatility in the market, people are holding it when its price varies.

The best time to buy and own bitcoin is during bearish market, that's when you will really appreciate how profitable bitcoin is when its price increase in bull run.

[lovesmayfamilis]

Today the situation with Bitcoin is such that you can see those who truly believe in Bitcoin and those who give up their positions and faith in it.
Glassnode released a report that the latest correction only affected short-term holders.
https://insights.glassnode.com/the-week-on-chain-week-17-2021/

They are most likely newbies. But those who are real hodlers remained completely calm, their wallets were left without any movement.
What does this mean? The fact that today bitcoin has reached such popularity that corrections do not cause violent excitement. And buying bitcoin will be relevant at any time. Similarly, we can add that Nexon recently invested $100 million in Bitcoin, buying 1,717 BTC at an average price of $58,226 per coin. Accordingly, whatever the price of bitcoin, there are no fewer people willing to buy it.
https://en.cryptonomist.ch/2021/04/28/nexon-invests-in-bitcoin/