crypticj (OP)
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February 04, 2023, 01:39:39 AM Merited by microsurfer (1) |
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Hello crypto bros, today I want to share my thoughts on when it will be the best time to buy bitcoin. Don't get me wrong, I'm not saying that you shouldn't buy bitcoin right now, DCA is still the best tactic. But it's still good to know WHEN it will be the best time to safely invest money in bitcoin and be sure that it will probably go up from now on. But I won't be bothering you with TA analysis (that is probably wrong) and strange predictions, today we will just look at the facts. I'll start by saying that yes, I think we are still in the bear market and it's obvious that the economy is still suffering. And it's not a secret that bitcoin still didn't decouple from the NASDAQ so we should understand that if the economy goes down => bonds go down => bitcoin goes down too. So we still might see some down movements and maybe we will even see a new button because statistically something always breaks down after fed pivot. So we can safely say that we will see a true bull run only when the economy will start recovering, but it can't happen until rates will start going down. That's why right now I think that we all should wait for the one single indicator: lowering of the rates. Bitcoin won't go up mediately, but it will mean that economy will start recovering => more money will go to the assets => and bitcoin and bonds will go up. The only question is when will it happen? Well, if we look at how fast inflation is going down, I can assume that it will probably go down to the expected 3-4% in the Q4 of 2023. So I'm not expecting a bull run until 2024. But again, I don't want you all to be bearish on bitcoin or selling it. For most people, DCA is enough to survive this crypto winter, but if you want to invest a lot of money in bitcoin, then I think it's better to wait until the signal we talked about. BTCBTCBTCBTC
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worle1bm
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February 04, 2023, 05:07:56 AM |
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See if you are planning to hold it for long term then every time is best time to invest in Bitcoin as growth chances are high giving you profits in the long term period but if you are looking it for trading purpose then you need to have all the trading knowledge and guidance for it but for me just hold it for say 4-5 years with DCA also if you can and this time will be also best.
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EarnOnVictor
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February 04, 2023, 08:32:22 AM |
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Thanks for this, your view is appreciated. But I don't totally agree with you as correlating NASDAQ and Bitcoin is not professional in my view. I've seen a lot of people mentioning this correlation, but they do not always happen. It's true that situations make them move in the same way at times, but check their charts, the curves are not always the same, so I will avoid using one to invest in the others.
That said, I like the idea of DCAing, but now, I will have almost my investment in bitcoin, and the trick is for me to locate the bottom and buy it, then move it to USDT when a bearish trend is established (for holding).
This is solely being done with the help of technical analysis, and it has been so productive for me since last year that I got fully involved in BTC.
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Lucius
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February 04, 2023, 04:07:37 PM Merited by Ultegra134 (2) |
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~snip~ The only question is when will it happen? Well, if we look at how fast inflation is going down, I can assume that it will probably go down to the expected 3-4% in the Q4 of 2023. So I'm not expecting a bull run until 2024.
I would write it in a much simpler way, because regardless of inflation, stocks or even war, most people expect a new big bull run to happen after the next halving, which means in the second half of 2024 or during 2025. As for investors, especially small ones, they all want to invest for as short a period as possible and are looking for some kind of winning formula, but now they are faced with a big doubt because despite speculations that the bottom will be even closer to $10k, the exact opposite happened.
~snip~ That said, I like the idea of DCAing, but now, I will have almost my investment in bitcoin, and the trick is for me to locate the bottom and buy it, then move it to USDT when a bearish trend is established (for holding).
I hope you know about the risk when it comes to stablecoins, because most of them can be frozen regardless of how you store them. I never liked that fact, so although I understand that stablecoins have some advantages in trading, when it comes to holding, I would never gamble in that way. [UPDATED] PSA: Most Stablecoins Can Be Frozen, Even in Your Own Wallets
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Nrcewker
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February 04, 2023, 05:00:50 PM |
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but if you want to invest a lot of money in bitcoin, then I think it's better to wait until the signal we talked about. BTCBTCBTCBTC
I don’t agree with you on this statement. I mean if you greed for more then definitely you will miss the golden opportunity to grab the Bitcoins at the current best possible price. Remember one thing that Bitcoins are limited in number, that is more Bitcoins cannot be created or invented. Hence it makes Bitcoins very much valuable. As the time will pass these coins will become more valuable as the demand will increase side by side. So according to me there is no perfect time to buy the Bitcoins. Whenever possible buy as many coins as you can and hold for long term. Definitely you will see huge profits.
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palle11
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February 04, 2023, 05:21:08 PM |
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The only question is when will it happen? Well, if we look at how fast inflation is going down, I can assume that it will probably go down to the expected 3-4% in the Q4 of 2023. So I'm not expecting a bull run until 2024. But again, I don't want you all to be bearish on bitcoin or selling it. For most people, DCA is enough to survive this crypto winter, but if you want to invest a lot of money in bitcoin, then I think it's better to wait until the signal we talked about. BTCBTCBTCBTC
The beginning of this paragraph above is what is important, when ? That when is what nobody knows and you have made the post look like you are sure of what will happen with the price of bitcoin whether winter or summer. As far as the price of bitcoin is concern many investors only have the idea of bull and bear in mind and they know their target and they look forward to halving to take out cash or go in.
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hugeblack
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February 04, 2023, 06:56:39 PM |
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And it's not a secret that bitcoin still didn't decouple from the NASDAQ so we should understand that if the economy goes down => bonds go down => bitcoin goes down too.
Do you have enough evidence to support your argument? There are a lot of claims about the link between Bitcoin and the Nasdaq but there is no clear link. This chart is for past years and does not show any clear correlation. And this is last year's chart, in which allegations of the link between Bitcoin and Nasdaq increased. So there is no direct correlation, and it is true that Bitcoin is affected by global events, but not to the extent that there is a direct correlation.
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Ultegra134
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February 04, 2023, 08:07:22 PM |
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~snip~ The only question is when will it happen? Well, if we look at how fast inflation is going down, I can assume that it will probably go down to the expected 3-4% in the Q4 of 2023. So I'm not expecting a bull run until 2024.
I would write it in a much simpler way, because regardless of inflation, stocks or even war, most people expect a new big bull run to happen after the next halving, which means in the second half of 2024 or during 2025. As for investors, especially small ones, they all want to invest for as short a period as possible and are looking for some kind of winning formula, but now they are faced with a big doubt because despite speculations that the bottom will be even closer to $10k, the exact opposite happened. The majority of us are expecting or at least hoping for a new bull run somewhere after the upcoming halving because there seems to be some correlation between the two. However, what if the economy is in a worse condition than it currently is? We certainly can't expect much growth currently since the market has been going downhill for the past few years, but what if the condition is worse in the near future? Could Bitcoin still thrive? The OP is also claiming that there's still a possibility of the market crashing again, but in my opinion, Bitcoin is unlikely to fall below $20,000 again.
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Alisha-k
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February 04, 2023, 08:43:01 PM |
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I will agree with OP that we are still in the bear market but it not as dip as it was in 2022. This time it is not just the dip we are aiming to buy because it might not occur again. Until another ATH is reached. I will simply stick to DCA and take profit when i think the price looks favourable.
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crzy
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February 04, 2023, 08:53:15 PM |
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I will agree with OP that we are still in the bear market but it not as dip as it was in 2022. This time it is not just the dip we are aiming to buy because it might not occur again. Until another ATH is reached. I will simply stick to DCA and take profit when i think the price looks favourable.
There’s still no confirmation of a bull trend so technically, we are still down and the price right can still change. Doing DCA is good because ATH will always happen with Bitcoin, time can tell and the price is still cheap if you’ll look at it for long term. The best time is when you have extra money already and when you are already willing to take the risk, you can buy more Bitcoin with this.
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DoublerHunter
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February 04, 2023, 09:00:07 PM |
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I will agree with OP that we are still in the bear market but it not as dip as it was in 2022. This time it is not just the dip we are aiming to buy because it might not occur again. Until another ATH is reached. I will simply stick to DCA and take profit when i think the price looks favourable.
There’s still no confirmation of a bull trend so technically, we are still down and the price right can still change. Doing DCA is good because ATH will always happen with Bitcoin, time can tell and the price is still cheap if you’ll look at it for long term. The best time is when you have extra money already and when you are already willing to take the risk, you can buy more Bitcoin with this. ^DCA is a very important factor and strategy in investing in BTC if you don't know the trend of the market. This sounds like a safe purchasing method for BTC and of course, an amount that only you can afford to wait for a long period of time. There is no specific time when is the best time to buy BTC, for me., anything as long as you follow the DCA method and use an amount that you can afford. The BTC's next halving will almost come and as people expect BTC will create another ATH because of the hype.
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lalabotax
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February 04, 2023, 09:57:24 PM |
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The only question is when will it happen? Well, if we look at how fast inflation is going down, I can assume that it will probably go down to the expected 3-4% in the Q4 of 2023. So I'm not expecting a bull run until 2024. But again, I don't want you all to be bearish on bitcoin or selling it. For most people, DCA is enough to survive this crypto winter, but if you want to invest a lot of money in bitcoin, then I think it's better to wait until the signal we talked about. BTCBTCBTCBTC
Investment in Bitcoin for long term period is a good thing.Moreover if we have set the target to sell the Bitcoin at certain rate. This will ease us to make some scheme that we need. Target will be various and seems like when we are buying the Bitcoin in seeralstages using DCA, so does the selling activities. that is why we needto ensure when we need to buy and sell right. The next bullish era may happen in 2024 or 2025. Although we don't really know about it, at elast, we have the oreoaration. Doing DCA at this time is one of the best ways to accumulate Bitcoin so far.As long as we are ready to hold the coin and the risks, whyshould worry? The firts thing to do is always don't panic in every market condition.
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Husires
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February 04, 2023, 11:03:16 PM |
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I agree with you, but we will get a discrepancy in the schemes if what moves the price are retail traders and they are ordinary users who deduct part of their money and transfer it to Bitcoin, many of them will think about investing now because it is the right time to build wealth in the next five years, but if the economic crisis deepens, many will They will not find extra money to invest.
But if the price is controlled by the big whales, they also try to keep the price low to collect more.
So we agree that the price will remain low, but low to what extent?
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Chainsmokers
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February 05, 2023, 04:44:10 AM |
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I will agree with OP that we are still in the bear market but it not as dip as it was in 2022. This time it is not just the dip we are aiming to buy because it might not occur again. Until another ATH is reached. I will simply stick to DCA and take profit when i think the price looks favourable.
There’s still no confirmation of a bull trend so technically, we are still down and the price right can still change. Doing DCA is good because ATH will always happen with Bitcoin, time can tell and the price is still cheap if you’ll look at it for long term. The best time is when you have extra money already and when you are already willing to take the risk, you can buy more Bitcoin with this. It looks like bullish isn't going to happen any time soon and right now anything can still happen, and the best time that knows and that can determine only ourselves, what is clear is that investing in Bitcoin is never wrong as long as we can really manage it properly.
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TheUltraElite
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February 05, 2023, 05:15:21 AM Last edit: February 05, 2023, 05:32:38 AM by TheUltraElite |
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You can keep a general conclusion that stocks/bonds/commodities going down means there is a background negative event and therefore bitcoin will also go down but there is not direct relation between them. Those who short will sell on the dump to buy back at lower prices, so if the same group of investors are going in on each of these assets it might seem that bitcoin is following them. I would say that there is no "best" time but one should buy bitcoin at the lower range of the cycle otherwise just wait it out. Like currently there is a uptrend going on, so the time to buy was before this when the bear market was going on. Strangely, I am seeing threads talking about buying bitcoin only after the uptrend has started and not during the bear market, when intelligent investors actually do the opposite.
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theskillzdatklls
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February 05, 2023, 05:24:25 AM |
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The best time to buy Bitcoin is right now. The second best time is probably with DCA. The third best time is probably to use the rainbow strategy.
You could do a hybrid of them all. Load up now, then DCA over time, and DCA harder when lower on the rainbow and DCA less when higher on the rainbow.
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yudi09
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February 05, 2023, 05:37:17 AM |
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Re: The best time to buy bitcoin.
Now is a good time to buy Bitcoin. No need to think long, just buy and hold before the new ATH comes. For most investors who are very familiar with Bitcoin's journey, they will buy Bitcoin based on their economic capabilities and will make it a long-term investment. For me, they will target the appropriate price to sell. So far I still can't say yes regarding the relationship between Bitcoin and Nasdaq. How do you think Bitcoin is still not separated from Nasdaq? The influence is only one, namely economic conditions. The DCA concept can still be applied in trading and is still relevant.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | ▀█ | THE #1 SOLANA CASINO | ████████████▄ ▀▀██████▀▀███ ██▄▄▀▀▄▄█████ █████████████ █████████████ ███▀█████████ ▀▄▄██████████ █████████████ █████████████ █████████████ █████████████ █████████████ ████████████▀ | ████████████▄ ▀▀▀▀▀▀▀██████ █████████████ ▄████████████ ██▄██████████ ████▄████████ █████████████ █░▀▀█████████ ▀▀███████████ █████▄███████ ████▀▄▀██████ ▄▄▄▄▄▄▄██████ ████████████▀ | ........5,000+........ GAMES ......INSTANT...... WITHDRAWALS | ..........HUGE.......... REWARDS ............VIP............ PROGRAM | . PLAY NOW |
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adaseb
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February 05, 2023, 05:39:42 AM |
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Here is my advice being here since 2014.
Best time to sell your Bitcoin is when everywhere you go, everyone is talking about Bitcoin. Your mother is asking you about Bitcoin. You get in an Uber and he is talking about Bitcoin. That means it’s time to sell.
Best time to buy is when people are saying Bitcoin is dead. And it’s trading sideways and not going anywhere. That is the perfect time to buy when everybody else has moved on back to stock or forex.
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btcb3g1nn3r
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February 05, 2023, 09:21:16 AM |
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check how long will take the pump since January, wait after 1/3 dip of the complete move and buy some, buy more after 1/2 dip if that will come, sell everything after fed pivot
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maydna
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February 05, 2023, 09:50:42 AM |
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The best time to buy bitcoin is when the price is below. Like in a few weeks ago, it was at $15k. But unfortunately, we don't know when the lowest price of bitcoin will be reached, and we can only predict the price. And maybe a clue that we can use is when the price experiences a correction and goes down. We have to get ready to buy at the low price we want and hope it's the lowest price.
But if your goal is long term, you can use the DCA strategy so that it won't confuse you to set a low price. As long as your target is weekly or monthly, you can buy bitcoins at any price immediately but make sure to buy when there is a correction.
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