Ultimate (simple) guide on when to buy Bitcoin.

[Ojima-ojo]

First ops I will like to commend you for taking the time to put this simple guide into writing to teach newbies the best possible formula for bitcoin accumulation and as a long time a doctor like yourself will already have practical results to show from your formula but I will like to point your attention to a few things that you need to clarify to make this thread more understanding for a newbie.

You need to make some clear definitions of terms that you used in the write-ups such words as DCA which means dollar cost average but not all newbies know this meaning or have an idea what the word means.

So including it, the clear definition in the post will make it more understanding and comprehending for your readers, but on a general note, you did well in the guide because failure to invest in Bitcoin at the right time can lead to frustration and the rest of the other bad effect of wrong timing.

But above all, we must keep learning how to take advantage of the volatility of the bitcoin market and above all know when to hold and how long to hold because bitcoin is an exciting financial tool that needs a lot of studies to maximize its 100% potential and financial inclusion.

[Artemis3]

The answer is: Always.

You don't care about trading, you just want to get out of fiat, so whenever you get some fiat, you exchange it for bitcoin. Then, when you need to purchase something, if your country still doesn't have enough places that let you use your bitcoins directly, only then, you exchange the amount required to do your transaction.

Get in the habit to hold Bitcoin, you can never go wrong. Don't pay attention to price fluctuation, its temporary. In the long run, it preserves your wealth and no gov can make it lose value on a whim, like they do with fiat (or things pegged to fiat).

Only traders need to pay attention to the price, and many make mistakes and end losing so its not worth it in my opinion. Get a normal source of income you don't have to become a trader. If you are paid in bitcoin and you pay others in bitcoin, your self-sovereignty will be complete, you have successfully kicked the State out (and the banks, as a bonus).

[The Cryptovator]

The decision of when to buy Bitcoin does not have a universal answer. It is subjective and depends on individual calculations and considerations. One should purchase Bitcoin when they feel it is the right time for them based on their analysis. Factors such as market trends, personal investment goals, and risk tolerance should be taken into account when deciding when to buy.

For instance, my strategy is to buy during a significant market downturn as I have observed Bitcoin's price usually surges after such an event. This approach aligns with my expectations and personal calculations. It's essential to establish specific goals for buying and selling to maximize profits.

[wxa7115]

The decision of when to buy Bitcoin does not have a universal answer. It is subjective and depends on individual calculations and considerations. One should purchase Bitcoin when they feel it is the right time for them based on their analysis. Factors such as market trends, personal investment goals, and risk tolerance should be taken into account when deciding when to buy.

For instance, my strategy is to buy during a significant market downturn as I have observed Bitcoin's price usually surges after such an event. This approach aligns with my expectations and personal calculations. It's essential to establish specific goals for buying and selling to maximize profits.

Trying to create a strategy which fits everyone will ironically create the opposite, each person knows better than anyone else the particular circumstances they are facing on their lives and trying to force them to follow some sort of template is a mistake.

In my case I just buy bitcoin whenever I have some spare money, there are months in which this amount is high and there are other months in which I cannot do so due to an unexpected expense, but this strategy works for me and I would not try to force someone else to follow the same strategy I do.

[Plaguedeath]

You don't care about trading, you just want to get out of fiat, so whenever you get some fiat, you exchange it for bitcoin. Then, when you need to purchase something, if your country still doesn't have enough places that let you use your bitcoins directly, only then, you exchange the amount required to do your transaction.

Get in the habit to hold Bitcoin, you can never go wrong. Don't pay attention to price fluctuation, its temporary. In the long run, it preserves your wealth and no gov can make it lose value on a whim, like they do with fiat (or things pegged to fiat).

I think it's only good for Bitcoin maximalist who's really want to quit from centralization system, but for most majority people which fine with centralization and buy Bitcoin as a commodity, they only need to buy Bitcoin with the money that they can afford to lose. Diversifying to other commodities e.g. gold, real estate, stock etc are good decision too, they can minimize the risk if something worst happen e.g. Bitcoin get banned in big countries, this will cause panic on the market.

SEC has seized many mixers site, it's not Bitcoin, but we can't know what they will do in the future.

[Lucius]

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

Those who buy in the middle of a bull market or near the end have their own fault if they are unhappy today, and if they don't understand some things, the same thing will happen to them again in a few years. For those who want to invest long-term (at least 2-3 years), the best time has already passed considering that the price was below $20 000 for months, but the second best time is right now and in the months to come.

In general, looking at the situation of buying at $20k or $28k considering the potential growth, there is not too much difference, and I mean those who invest smaller amounts and their possible profit will not decrease significantly. For those who buy 1 BTC or maybe 0.5 BTC, of course there is a difference because it is about $10k or $5k that they could have saved, but for the majority who invest a few hundred $ a few $ savings will not mean a big difference.

[bakasabo]

There is only one ultimate advice (guide) when to buy Bitcoin - yesterday. No matter when you buy, there are still chances that the price will go down, or it will go up when you sell. But "yesterday" is the perfect day to buy, because you know what exactly to do today, sell, buy more or hold.

We have access to all the statistic data, we have most genius analytics, we have AI, but that does not help to create everyone rich after using ultimate buyers guy. That is why I see only two options, either there is no guide or "yesterday".

[wiss19]

I don't see why the best time to buy Bitcoin is when the global economy becomes stable because that will probably cause a lot of buying pressure since more money will pour in and we all know what happens when the demand increases, it's simple, more demand means higher price, so buying at a higher price doesn't really make sense.

And, that is just what usually happens, and I'm not saying that it is guaranteed, but to be honest, there is basically no perfect time to buy Bitcoin or you can't time the market perfectly at all. It's just better if you buy when you can, and hold tight after that.

[masyari]

Good to see that at least some people on this forum are searching for the really good entry in btc, especially if you want to buy a lot. I don't agree with some believer that it's always a good time to buy some btc, you need to think a lot before purchase if you want to secure your potential profits

[Lamkuthang]

But above all, we must keep learning how to take advantage of the volatility of the bitcoin market and above all know when to hold and how long to hold because bitcoin is an exciting financial tool that needs a lot of studies to maximize its 100% potential and financial inclusion.

I think the main guideline is simple, BTC can be anytime to buy but if you want to lower the risk consider dollar cost averaging (DCA) as well because the economy is still in a bad place, and high interest rates are used to fight inflation, which can cause problems further economics.

However, for those looking to buy Bitcoin, now might not be the best time to buy. It is best to follow what the Federal Reserve is doing, and when they start lowering interest rates, that is the time to start buying Bitcoin.

[darewaller]

There is only one ultimate advice (guide) when to buy Bitcoin - yesterday. No matter when you buy, there are still chances that the price will go down, or it will go up when you sell. But "yesterday" is the perfect day to buy, because you know what exactly to do today, sell, buy more or hold.

We have access to all the statistic data, we have most genius analytics, we have AI, but that does not help to create everyone rich after using ultimate buyers guy. That is why I see only two options, either there is no guide or "yesterday".

I think it was when the price is dumped and not necessarily yesterday because what if the price yesterday was on pumped? I don't think many people will buy but they will wait and it can take a day or two for the price to drop again.

If you mean by yesterday is when the time BTC was still a cent, there is still no way for the people to buy it because there is no such thing as time machine. Only those people who join BTC that time are lucky or knowledgeable but holding their coin for a long time is going to be a tough battle. I think only a few have been successful to hold up to this point. It will be better if we won't regret with our actions. We must only think that everything happens for a reason.