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Author Topic: When to invest in bitcoin  (Read 1079 times)
dimonstration
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August 28, 2023, 06:26:54 PM
 #41

I was willing to buy bitcoin immediately the price drop but the challenge i have them was I'm  not with cash, but I will be waiting until the price fall again, and if it fall again I will not miss the opportunity of buying bitcoin and keep for long term investment

Doing this will just put you on an infinite cycle of waiting and waiting until you didn’t buy at all since the price already recovered. Waiting for a price drop is a tricky part because you will keep waiting to drop more when the price is already droping while you will never purchase above the price which you missed to enter when you are still waiting to drop more.

Just DCA and evaluate what’s your real purpose on why you choose Bitcoin as investment. Doing long term investment will help you to easily decide on when to purchase and it is NOW.

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August 28, 2023, 06:27:35 PM
 #42

Rather than seeking for the right timing  focus on a price point wherein you are ready to endure market price changes. Perhaps the 'right time' is now, would you be able to hold it for weeks  or months? What if a sudden dump in its value happen for some reason given that we have no full control of its market price, what would you do then? Point here is to invest when you're ready and not when you think it is the perfect time to do so. You may enter at any price point you would like to but what would generate your profit is simply your patience as an investor. If you would be able to assure you won't pull your funds out if ever something happens, then go. What should be measured is one's tolerance over market price changes.

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August 28, 2023, 08:09:24 PM
 #43

Bitcoin is good asset when you know exactly when to invest in bitcoin, before now I have being reading articles of bitcoin and when I read the articles of bitcoin I do notice new things every time I read of bitcoin. I notice that investing in bitcoin it needs more research to know when due is the perfect time to invest in bitcoin. And I find out that the perfect time a newbie can invest  in bitcoin  is when the price  of bitcoin  is in bear market, like some weeks ago bitcoin drop a different in the market price and its very nice opportunity for short term investors to buy and keep and be ready to sell when the market rise. I was willing to buy bitcoin immediately the price drop but the challenge i have them was I'm  not with cash, but I will be waiting until the price fall again, and if it fall again I will not miss the opportunity of buying bitcoin and keep for long term investment

What if the price doesn't fall again and that last dump was the last correction before the bull market. Don't procrastinate when investing in Bitcoin because you might be postponing when you want to buy Bitcoin and before you know it, it's already late as the price has pumped.

Buying Bitcoin during the bear market is the perfect time because during this time, the price of Bitcoin is always at a very low price but when you buy Bitcoin during the bullish season, you'll be buying Bitcoin at a more costly price but whenever you have the cash, buy Bitcoin.

The most important thing Is that you own Bitcoin and it doesn't matter when you buy as when it's time for profits, you'll be gaining profits wth everyone  that has Bitcoin but the only difference is in the quality that you own as those who bought in bear will own more quality.

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August 28, 2023, 09:11:17 PM
 #44

Strategically speaking, and it is no secret to anyone that volatility in the Bitcoin market is an important feature to take into account when deciding when to invest... Many investors have found opportunities in bear market times, when prices are lower and they can get more Bitcoin for their money. But based on experience, it is also crucial to remember that the market is unpredictable and there can be risks associated with investing in highly volatile assets, what do I mean by that? That even when there is a bearish period and you think that it will not go down any more according to the analysis, it is quite probable that it will go down a little more. For this reason, I always recommend listening to the market, being aware of the Bitcoin news, who spoke well , who spoke badly... These are factors that you believe or not, end up positively or negatively affecting the value of any investment

The strategy of buying on a price drop and then selling when the market rises is a common tactic among short-term investors, but that is what most do and while they do have profits, they never become significant enough profits. A good advice, buy Bitcoin, save it and when you see that it has reached the maximum peak of its value, sell it and later, prepare to enjoy..
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August 28, 2023, 09:19:34 PM
 #45

I find out that the perfect time a newbie can invest  in bitcoin  is when the price  of bitcoin  is in bear market, like some weeks ago bitcoin drop a different in the market price and its very nice opportunity for short term investors to buy and keep and be ready to sell when the market rise.
The best time to invest in Bitcoin is during the bear season, we are still not out of the bear season and the recent deep in market price is a wonderful opportunity for you to buy and hodl some Bitcoin. Bitcoin halving is less than a year and when the bull season kicks off you will make good profit.

I was willing to buy bitcoin immediately the price drop but the challenge i have them was I'm  not with cash, but I will be waiting until the price fall again, and if it fall again I will not miss the opportunity of buying bitcoin and keep for long term investment.
It is a pity you don't have money to take advantage of the current Bitcoin market price of $26k and grab a bag. Not to worry, you can be doing a DCA, i.e buying gradually whenever you have money so that you won't miss out. Don't hope that the price would fall further because that might not happen, just take a position and wait for the bull season.
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August 28, 2023, 11:14:08 PM
 #46

If you ignore the current price of the bitcoin you can invest whenever you want as long we you have your bitcoin itself, but if the price varies you must wait for the opportunity to buy. One of the ideas when to enter or exit is to understand the technical analysis or even the basic concept of trading this gives you an insight into when is the right time now.
Currently are in the bear market you can accumulate as you can so you don't left behind with the next ATH.

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August 29, 2023, 12:00:51 AM
 #47

Bitcoin is good asset when you know exactly when to invest in bitcoin, before now I have being reading articles of bitcoin and when I read the articles of bitcoin I do notice new things every time I read of bitcoin. I notice that investing in bitcoin it needs more research to know when due is the perfect time to invest in bitcoin. And I find out that the perfect time a newbie can invest  in bitcoin  is when the price  of bitcoin  is in bear market, like some weeks ago bitcoin drop a different in the market price and its very nice opportunity for short term investors to buy and keep and be ready to sell when the market rise. I was willing to buy bitcoin immediately the price drop but the challenge i have them was I'm  not with cash, but I will be waiting until the price fall again, and if it fall again I will not miss the opportunity of buying bitcoin and keep for long term investment
To know exactly when it's time for us to invest in Bitcoin is definitely different for everyone because this depends on the financial condition and readiness of each individual to invest. Yes, it's true that in general it's better if we can invest when the price of Bitcoin is low or we could say it's in a bearish market, but i think for beginners the most important thing is to first understand how to invest and what strategies are good and what suits their conditions, that's why Beginners should do research before starting to invest.
If you don't currently have the cash to use to invest, then you should start compiling your budget to set aside a few percent of the income you have, then you can implement the DCA strategy for yourself. You don't have to buy Bitcoin directly in large quantities at once, but you can buy it using the DCA strategy regularly.
You can never predict exactly whether the price of Bitcoin will really be that low, it is possible that if you keep waiting for the price to drop then you may never invest in Bitcoin and you may unknowingly "miss the train" during a bullish period.

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August 29, 2023, 02:07:17 AM
 #48

 Just to add, I think the best time to invest in Bitcoin is when you've learned how risk tolerant you are because as a result of it's high volatility, it's regarded as one of the risky yet rewarding investments one can venture into. Investing in Bitcoin can be quite cool especially if you do it with funds you can afford to spare so you don't get forced to sell when things go south.
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 I was willing to buy bitcoin immediately the price drop but the challenge i have them was I'm  not with cash, but I will be waiting until the price fall again, and if it fall again I will not miss the opportunity of buying bitcoin and keep for long term investment
ATM, Bitcoin price is a bit shaky and whilst some feel it's price might drop to say $20-22k, I feel the lowest it can go before getting back up is 25k, so you best be buying now if you can and begin your hodling journey.

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August 29, 2023, 02:16:44 AM
 #49

before buying btc, of course, you have to check whether the market is good or not, and of course you also have to pay attention to finances because without money it will be difficult to buy btc, and you also have to have personal money and also have to use idle money, I think what you do, of course you have to dig more and more for knowledge about btc without stopping, and if you already have money you will be able to buy btc immediately and will invest in btc comfortably because your knowledge is extensive.

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August 29, 2023, 02:50:03 AM
 #50

I was willing to buy bitcoin immediately the price drop but the challenge i have them was I'm  not with cash, but I will be waiting until the price fall again, and if it fall again I will not miss the opportunity of buying bitcoin and keep for long term investment

If you compare the current price and the most recent ATH of bitcoin then you can see that bitcoin is being heavily discounted. It would be a bad idea to not buy now and wait for the price to drop. I'm not saying prices will never fall again, but there's also no solid evidence that prices will fall more. Many people used to think like you when the price dropped below 20k and they decided to wait for the price to drop further to buy but then missed the bottom of bitcoin. Bitcoin is unpredictable so buy when you have the money and use DCA strategy, don't wait for the price to drop.

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August 29, 2023, 02:53:00 AM
 #51

before buying btc, of course, you have to check whether the market is good or not, and of course you also have to pay attention to finances because without money it will be difficult to buy btc, and you also have to have personal money and also have to use idle money, I think what you do, of course you have to dig more and more for knowledge about btc without stopping, and if you already have money you will be able to buy btc immediately and will invest in btc comfortably because your knowledge is extensive.
And I guarantee that this is the most difficult job to do, identify the market whether the market is good or not, or when to buy.
No one knows the next move of Bitcoin, that's why a lot of traders lose money.
That's why there are also some people splitting their buy orders on different price because they don't know how Bitcoin will get cheaper.

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August 29, 2023, 03:22:17 AM
 #52

When to buy Bitcoin depends on the low price you want. You can buy Bitcoins instantly based on the market price but you can also buy Bitcoins later, two hours later or even a few days later. But if you wait to buy it now, you may miss out on buying at a low price because Bitcoin prices can go up without notice.

Most people start buying Bitcoin when the price drops below. But some people hesitate to buy it even though the price is already at a low price because they are still waiting for the price to drop even lower. If you don't have much money, you can buy Bitcoins with a small amount of money regularly known as DCA. It will be better for you because you don't have to pay attention to the volatility of Bitcoin prices.

If you can buy Bitcoins regularly, you can collect some Bitcoins. And now is the right time to start buying Bitcoin using DCA.

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August 29, 2023, 04:42:04 AM
 #53

The answer to this question is simple, whenever you have the money. Initially, try to buy the dip to accumulate more coins, then increase your Bitcoin holding by investing bit by bit. This way you will have some Bitcoins and it will not burden your savings either.

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August 29, 2023, 05:30:37 AM
 #54

Although the best time to buy bitcoin has always been during the dip periods or the bearish periods but I would say as long as the price is still around $30k or below it is still at its dip. So whenever you have money at hand that time is the best time to buy bitcoin and not longing for a dip in price.

Also you could utilize the the Dollar Cost Averaging method, it will be perfect for periods like this

You are correct that investing in bitcoin is not difficult at all because the first thing to consider is the price of the coin. You check the price to make sure it has decreased a little bit, and you also consider the price to determine whether you will profit from selling your coin after holding it for a while. I believe that at this time, you can buy your coin and hold on to it because I know the price of bitcoin is going to increase. Have you ever made an investment in bitcoin before, I have a question for you.Do you know anything about bitcoin? And did you understand the risk associated with bitcoin? I ask you this question so you can think again before you invest.

The reason I ask is because, before investing in bitcoin, you must be able to accept risk; otherwise, you might do so and discover that the price is dropping, which will not make you happy. Additionally, if you are not physically or mentally strong enough to do so, you may not be able to invest in bitcoin because it is an investment for those with a sound mind and financial means to do so. So, in my opinion, you can invest in bitcoin at the moment, but I still suggest that you be capable of doing it before getting involved in bitcoin investing.

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August 29, 2023, 05:33:08 AM
 #55

If someone is planning to invest in bitcoin for long-term purposes then I guess the perfect time is when you already have the excess funds. Make a regular dollar-cost averaging (DCA) regularly. The problem with waiting for the price to dip is there is no assurance that bitcoin will drop again. What if bitcoin pumps and then the dip later is only half of the pumped price? This is actually happening since bitcoin touched $15k late last year. So it would be better to make a regular purchase without paying much attention to its price since the goal is long-term anyway. The price of bitcoin is still very far from its previous ATH of $67k.

I have been making a monthly DCA on bitcoin since December of last year. I am following the same strategy even if the $25k level is very tempting since I already purchased this month at $26k+. So my next chance to buy again is this coming September and I don't know if the price will be lower or higher than the current price right now. One thing is clear, I will continue my monthly DCA until bitcoin reaches $50k again.

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August 29, 2023, 05:42:20 AM
 #56

The answer to this question is simple, whenever you have the money. Initially, try to buy the dip to accumulate more coins, then increase your Bitcoin holding by investing bit by bit. This way you will have some Bitcoins and it will not burden your savings either.
It's not that simple, whenever you have money implies that you're going to ignore your other needs just to invest in bitcoin. I do agree with your second advice though but I'd like to add that you should buy more bitcoin whenever there's a dip compared to when you're slowly accumulating. At the end of the day, it's better for you to be smart about investing by doing DCA and budgeting your daily expenses.
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August 29, 2023, 06:05:17 AM
 #57

I was willing to buy bitcoin immediately the price drop but the challenge i have them was I'm  not with cash, but I will be waiting until the price fall again, and if it fall again I will not miss the opportunity of buying bitcoin and keep for long term investment

If you are willing to buy bitcoin then buy it on the amount which think you are comfortable. But if you are doubting then don't do it and monitor how the market goes from time to time. But if you are a risk taker then invest some as of this moment since who knows maybe you can get much better result than waiting for nothing and miss all the opportunity placed by volatile market.

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August 29, 2023, 06:59:34 AM
 #58

Most of us lose a lot of opportunities in life for either we don't have the resources required or we don't have enough time, but what's harsh about life is that opportunities don't wait for you, and it's all about your luck and destiny whether you will get an opportunity of that nature or better than it again in your life and if you do, consider yourself very lucky because most people don't get that opportunity and they keep waiting their whole life for that one moment.

When it comes to Bitcoin and the cryptocurrency market, many traders and speculators face the same problem as you, they don't have money when the market is low and they've come to know about it, and by the time they get money, they don't get the same opportunity for buying again.

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August 29, 2023, 07:58:05 AM
 #59

Bitcoin is good asset when you know exactly when to invest in bitcoin, before now I have being reading articles of bitcoin and when I read the articles of bitcoin I do notice new things every time I read of bitcoin. I notice that investing in bitcoin it needs more research to know when due is the perfect time to invest in bitcoin. And I find out that the perfect time a newbie can invest  in bitcoin  is when the price  of bitcoin  is in bear market, like some weeks ago bitcoin drop a different in the market price and its very nice opportunity for short term investors to buy and keep and be ready to sell when the market rise. I was willing to buy bitcoin immediately the price drop but the challenge i have them was I'm  not with cash, but I will be waiting until the price fall again, and if it fall again I will not miss the opportunity of buying bitcoin and keep for long term investment

The best time to invest in Bitcoin is when the prices on discount. But when you say that before you invest in Bitcoin, you need to do a very thorough research. I don't think that it is necessary. We need such amount of research when you want to invest in alternative coins, in Bitcoin when the price is low, everyone must surely know that the price is low and that is when you are supposed to buy. You do not have to kill yourself much when it is about bitcoin, but when it is about altcoins you need to be very careful in your research and every decision you make.

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August 29, 2023, 08:03:48 AM
 #60

There is no perfect time to invest in bitcoins. Whenever you get the money just by the coin,  irrespective of its price. Bitcoins are very rare and limited in number ends. If you greed for more and wait for more low price, then definitely you will miss the right time to buy the coins. Bitcoins have already proved its worth by touching 69,000 USD. So if you are able to buy the bitcoins below 30k USD, then consider yourself lucky and buy the coins. There won’t be any better time to buy these high-valued coins.

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