Ultimate (simple) guide on when to buy Bitcoin.

[crypticj]

Hello everyone!

Recently I see a lot of questions being asked on this forum like "Is it the best time to buy Bitcoin??", "should I buy Bitcoin right now?" etc.
So I thought that it would be a great time to give a simple answer to these questions.

I already have topics when I talk about when to buy bitcoin, but here I want to simplify it for everyone who still wondering about the timing.

So, first of all, bitcoin is a GREAT technology and we all agree that it WILL go up and will cost much more in the future. That's why any time is actually a good time to buy Bitcoin. But if you want to lower the risks of investing in the wrong time, consider DCA. I still believe that DCA is the best method to invest money in Bitcoin.
So the simple answer: if you don't want to risks and you belive in Bitcoin tech, then go and start DCAing right now.

But for those who want to time Bitcoin, then right now is probably NOT the best time to buy BTC. Many people who say that Bitcoin has got up to 29k so it will keep going down just because, are probably wrong, cos they just ignore all macroeconomy statistics.
I said it the last time and I will say it again: The economy is STILL in a bad place. We should not forget that high-interest rates are destroying an economy to lower inflation. So we are not done and it's not over yet.

So when to buy Bitcoin then?
Personally, I still think that we should follow what FED is going right now because they decide what to do with interest rates. I think the best time to start buying Bitcoin will be the moment FED will start lowering interest rates. After that (now immediately) economy will start getting better and, obviously, bitcoin will go up too.
And I also think that when that will happen, bitcoin will be much lower than right now. Because statistically speaking, FED won't start lowering interest rates until something will go completely wrong and something big will collapse. Only that will be a good signal for them that it's time to stop.

So, to recap everything I said here: if you just don't care about timing and want to buy Bitcoin, then start buying it right now (but only by DCA), and if you care about timing and want to take a risk to get bigger gains, then wait for the FED to start lowering rates and for the economy to become better.

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[vitya1982]

Yeah, you're right. I prefer DCAing, it works great in a long term and gives some consistency. You start to care less about weekly fluctuations and start looking at the big picture.

[Charles-Tim]

I think the best time to start buying Bitcoin will be the moment FED will start lowering interest rates. After that (now immediately) economy will start getting better and, obviously, bitcoin will go up too.

Are you serious? People should buy bitcoin after the FED starts to reduce interest rate when the price of bitcoin is still low? It is not necessary to buy bitcoin at once, you can use DCA strategy instead to just buy weekly.

This is another good advice, as the price of bitcoin becomes to decrease again, you can use the averaging strategy to continue to buy more.

Just know that bitcoin will be $100000 or more one day. Buying now will be in favour.

Edit:
People that should be concerned more about interest rate are traders, not holders.

[Rruchi man]

It is not necessary to buy bitcoin at once, you can use DCA strategy instead to just buy weekly.

Some people think that for them to earn bitcoins they need to have a large amount of money to invest and buy a substantial amount at once, waiting to get that huge amount is delaying and delaying is dangerous, even investing huge amounts at once is also dangerous. DCA is the best strategy now and tomorrow.

Anyone who has been thinking about buying bitcoins should have started buying bitcoins yesterday which was a better time than today. Buy today and have a strategy to continue buying on intervals.

[Zaguru12]

So when to buy Bitcoin then?
Personally, I still think that we should follow what FED is going right now because they decide what to do with interest rates. I think the best time to start buying Bitcoin will be the moment FED will start lowering interest rates. After that (now immediately) economy will start getting better and, obviously, bitcoin will go up too.
And I also think that when that will happen, bitcoin will be much lower than right now. Because statistically speaking, FED won't start lowering interest rates until something will go completely wrong and something big will collapse. Only that will be a good signal for them that it's time to stop.

So, to recap everything I said here: if you just don't care about timing and want to buy Bitcoin, then start buying it right now (but only by DCA), and if you care about timing and want to take a risk to get bigger gains, then wait for the FED to start lowering rates and for the economy to become better.

I doubt this analysis because in the past when ever FED decides to increase the interest it causes people to go away from highly volatile assets like bitcoin and stocks and that is why as there increase interest rates people sell of there bitcoin and this causes the Bitcoin market to face a little down turn. If we take the 2022 excess increase of the interest rate for example we could all see how bitcoin reduced to 16K. Below is a chart that shows the correlation.



One of the reason bitcoin is facing an upturn movement now is the failure of banks like silvergate and Silicon Valley, as this has made people to run a bit away from centralized entities to avoid any further occurrence.
As it stands there’s no clear indication of the government will lower the cost of interest rates and also with the recessions lurking the market will be highly unpredictable and that is why the easiest way is to accumulate bitcoin now using the DCA method.

[MusaMohamed]

So when to buy Bitcoin then?
Personally, I still think that we should follow what FED is going right now because they decide what to do with interest rates

Don't look at what governments do, what FED do and will do. Bitcoin does its mission and you must understand it market cycle that is about 4 years with bull and bear years. When you understand it, you will know when are best months to DCA.

Because it has bear and bull years in 4-year cycle, it won't go up forever in each big bull market and will have about 70 to 80% correction from all time high. If you can wait till that price, you can confidentially do DCA in many months and wait for a next bull run.

People who did DCA at $69,000, $65,000, $60,000 or $50,000 would feel regret recent months.

[Similificator]

There sure are tons of techniques out there that different kinds of people use nowadays in order to decide when truly is the right time to buy bitcoin. What it all comes down to is personal preference be it due to time, budget or whatever. For me though, when it comes to my portfolio for long term hoodling, regardless of the type of coin it, I only buy them with my extra money or with the extra profits from winning spot or futures trades. I don't over buy with every opportunity I have. I do this for the sole purpose of having peace of mind. I already have the short term and mid term trades to worry about. Not to mention occasional futures trades and hedging. lol

[Lucius]

Before anyone realizes that the OP is serious in what he writes, you should read some of the previous threads he opened and see that his assumptions are mostly wrong. From the fact that the price of BTC will remain below $22 000 for a long time, to the fact that it will "very likely" fall towards $15 000.

~snip~
So, to recap everything I said here: if you just don't care about timing and want to buy Bitcoin, then start buying it right now (but only by DCA), and if you care about timing and want to take a risk to get bigger gains, then wait for the FED to start lowering rates and for the economy to become better.

Those who invest in Bitcoin should not make their decisions based on what central banks are doing, especially not waiting for interest rates to decrease and for the economy to experience some sort of recovery. Even if this happens and money becomes cheaper, it means that the demand for BTC will increase and that will push the price up - and then what logic is there in waiting to invest? Your advice is actually bad and you have been misleading people for months.

[ElmedoRator]

We've all heard of future upside opportunities, but I accept the fact that a few can stick to their original plan, or simply get a little lucky. Simple formula to invest in most markets that I think anyone can apply successfully, do your research first and build capital, the process won't take much of your time, don't be too hasty to look at it someone's success without looking at what they've been through. DCA is a great formula, but the way I see people emotionally driven by the news makes the original theory slowly lose its value.

[un_rank]

But for those who want to time Bitcoin...

... then you are probably playing a zero sum game and wasting your time too.
The market is volatile, we can convince ourselves all we want but there is no guarantee when it comes to trying to predict the market.
 
When using dollar cost averaging you can increase or decrease the amounts of your purchase in response to a decrease or increase in the price respectively, but still keep the purchases at regular intervals. I rather do this than wait for a determined time to go all in at once.

- Jay -

[Darker45]

So, have you been getting bigger gains because of this strategy? You've been here for around 6 years already. Which is better so far in terms of profit, to DCA or to buy Bitcoin in bulk following the Fed's decision?

Personally, I don't care so much about what the central bank of a faraway country is doing. Especially when it comes to Bitcoin, I'd rather just acquire when I have the money to spare and hodl. After all, I don't think that Bitcoin's price is really in correlation with whatever decision the Fed makes about its decaying currency, notwithstanding those moments when there is seemingly one.

[Dr.Bitcoin_Strange]

So, first of all, bitcoin is a GREAT technology and we all agree that it WILL go up and will cost much more in the future. That's why any time is actually a good time to buy Bitcoin. But if you want to lower the risks of investing in the wrong time, consider DCA. I still believe that DCA is the best method to invest money in Bitcoin.
So the simple answer: if you don't want to risks and you belive in Bitcoin tech, then go and start DCAing right now.

Most people take out loans to invest in Bitcoin with the hope of getting a profit and repaying their loan when the price rises, but it's inappropriate to invest in a volatile asset like Bitcoin with loaned money; it's better to accumulate gradually with the DCA strategy so that they don't need to be under the pressure of wanting to sell with just a little profit due to market manipulations. You have made a good point already, @OP. Bitcoin is an appreciative asset whose value will continue to increase, and with such an asset, there is never a bad time to buy, unless you think that when a person buys at a very low price, it also opens them up to a higher profit compared to people that will buy at a higher price. The truth is that everyone will definitely make a profit.

For someone who is gradually investing in Bitcoin with their job earnings, like mapping out a particular amount to invest either every week or month, they may not even get worked up with the price because they are absolutely investingin funds that will not affect their budget for the month.

[Blurr007]

It is important to keep in mind that the cryptocurrency market is quite speculative and volatile and before making an investment in bitcoin and other crypto currency, investors should do extensive research and take their risk tolerance into account. 

Market demand and world economic events are some of the variables that might impact the price of bitcoin.
Also, it's crucial to remember that investing in cryptocurrencies has risks, so buyers should only make bets they can afford to lose. 

[DeathAngel]

Yeah, you're right. I prefer DCAing, it works great in a long term and gives some consistency. You start to care less about weekly fluctuations and start looking at the big picture.

This is the way although obviously if you have money set aside to buy bitcoin in your bank & the price crashes due to an unforeseen black swan event, i.e. COVID crash, then it’s not a bad idea to take a calculated risk & smash buy.

 

[salad daging]

So the FED by lowering interest rates affects the price of bitcoin? I think it's okay to wait for the decision I think this is only for fiat money and what happens to their economy while bitcoin is not based on FED and you should never believe in this because bitcoin has its own movement even though I know this can also be influence other news.

See MicroStrategy has bought over 1000 BTC at a price of $28000 that means no effect for bitcoin holders but what we need to know is when you have enough capital to invest in bitcoin then whatever is the best price because bitcoin will have long term prospects and we always expect $100k or more so even buying under $50K is not a problem and there is no need to look at the FED statement.

Indeed, with the DCA strategy it is best to do it every week, this will be used by many, including myself, because if I honestly can't afford to buy more, then with DCA it is our way of continuing to hold bitcoin.

[rat03gopoh]

Buy bitcoin piece by piece when you want, make it a collectible like you buy a rare old stuff where price is relative. Maybe the price will be cheaper for the next few months, because only a small part of the human population is a fan of this stuff. Wait until the majority of the human population seeks it out to find out its true value.

Even most successful entrepreneurs are losing money in the early years.

[zasad@]

The best strategy is to buy bitcoin at a price below the bitcoin realized price. This strategy is as reliable as a Kalashnikov assault rifle. Over the past 11 years, this strategy has never failed, and you do not need to study complex charts and economists' forecasts.
https://bgeometrics.com/bitcoin-realized-price/

[Aanuoluwatofunmi]

if you just don't care about timing and want to buy Bitcoin, then start buying it right now (but only by DCA), and if you care about timing and want to take a risk to get bigger gains, then wait for the FED to start lowering rates and for the economy to become better.

There's no economy in the fiat system that gives favours on bitcoin price to go up or down neither is the FED or any other governments agency contributing to this, the bitcoin network has it own economy strictly monitored by the bitcoin volatility in demand and supply of bitcoin, if you're coming in as a new investor, then go through the process of accumulation by adoption a DCA pattern for your bitcoin buy, this will help you reduce the rate to losses because you're buying up gradually in an accumulated manner and not at once, this pattern as well is common to most traders as well who take positions either short or long.

[so98nn]

I am also fed up after reading the FED related thing. There is seriously no connection between the FED interest rates and bitcoin prices. How come they are related anyways in any sense. There was only few instances when we have seen some ups and downs in the bitcoin prices when FED changed the interest rates. However it was soon proven that the change in price observed because of peeps finding it easier to invest in bitcoin rather than keeping money in the banks for shitty interest rates.

For me, simple formula to invest is, just keep buying bitcoin at various entry points and make it DCA investment. With the time you will find yourself in a spot where your buy price is lowest of all and your profits are at peak level. :-)

[Sha256explorer]

It is not necessary to buy bitcoin at once, you can use DCA strategy instead to just buy weekly.

Some people think that for them to earn bitcoins they need to have a large amount of money to invest and buy a substantial amount at once, waiting to get that huge amount is delaying and delaying is dangerous, even investing huge amounts at once is also dangerous. DCA is the best strategy now and tomorrow.

Anyone who has been thinking about buying bitcoins should have started buying bitcoins yesterday which was a better time than today. Buy today and have a strategy to continue buying on intervals.

if you were starting buyng bitcoin when it Was at 60000, now probably you were not happy.