2Pizza410000BTC
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November 03, 2023, 08:53:10 PM |
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The growth of Bitcoin over years have made it one of the most sorted after asset in the world right now and to me it's a lifetime opportunity that needed to be seized,
So my question is when is the best time to buy Bitcoin? Many people that have been into the industry before I even came in have mostly suggested the DCA method, some advice I allowed it to drop to my convenience price before I buy.
As a newbie I feel the DCA method is the best base on my own perspective of looking at it on the long term, I don't know if anyone have any better opinion? Because I believe in the hype that this forum is filled with knowledgeable people about cryptocurrency.
OP your question is what is the best time to buy bitcoin? If you have enough funds to invest then I would say the current time is enough for you to buy bitcoins. Bitcoin investment is not enough for you if you don't have funds no matter how volatile the Bitcoin market is. But if you have enough funds to buy bitcoin right now then this is enough time to buy bitcoin. Even so, since you haven't been involved in Bitcoin for a long time, don't dwell on what happened in the past and focus on the present. Bitcoin investment will be the best for you if you can move forward with the present time priority. Once people were not much confident in bitcoin investment now people have become much more confident in this bitcoin investment. So I would say to the late comers to Bitcoin, there is still plenty of opportunity to invest, I think you will see maximum success very quickly.
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KingsDen
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November 03, 2023, 10:18:18 PM |
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The first question of whether this is the right time to buy all depends on your investment goal. If you are a short term investor who is waiting to take profit within few weeks, this might not be a good time to buy. But if you are a long term investor who might not take profit till after 1 or 2 yes, this is a good time to buy, especially if you will apply your second question.
The first question about the DCA method of investing in bitcoin. It has been proven to be one of the best ways to accumulate wealth in not only cryptocurrency but also in other sphere of life.
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Zigabel
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November 03, 2023, 10:48:51 PM |
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So my question is when is the best time to buy Bitcoin?
Talking about the best time to buy Bitcoin, I will give a straight answer which is, Now is the best time . For an asset that is continually on the rise there's never a best time to buy it because if you keep waiting for the best time, the next time you come, you me see that it has appreciated above what you knew it to be earlier so now is always the best time to buy your Bitcoin. Few years back Bitcoin was cheaper than it is now so for someone who bought for a long term , should by now have accumulated some profits regardless of the up and down movement of price because it continues to appreciate, it only falls at time to make come retracement and further finds it's way up, Bitcoin is never depreciating like Fiat so it has remained a stable investment especially for the long time. Some people will advise you but Bitcoin during the dip but first you need to understand the concept of deep els you will keep waiting while Bitcoin will keep appreciating. If you continually wait for a deep you will never get a good opportunity as a deep is Bitcoin retesting an old price before moving up above it again so for every deep there's an old price that wants retested and it's definitely not going lower or cheeper than that price so no opportunity is better than when you meet it.
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hatshepsut93
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November 03, 2023, 11:54:21 PM |
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Bitcoin in the past demonstrated strong cyclic behavior with bull and bear markets, which makes it simple to suggest investing in bear market. We are currently in the final months of a bear market, according to this pattern, and will be leaving it after the halvening. If you have funds, it's better to put them into BTC now, than to stretch it over some period of time. DCA yields better results if the price keeps going down, but if it goes up, then you'll be getting less coins.
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Bd officer
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November 04, 2023, 03:04:55 AM |
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OP, I've heard many stories of people regretting why they didn't learn about Bitcoin earlier, why they didn't invest in Bitcoin earlier. You're new here and you've heard of Bitcoin by now, so I think it's a good enough time for you. Because in 2025, many predict that the price of Bitcoin may exceed 100k. If you have a source of income, invest in bitcoins with what you can afford to lose. Keep in mind that investing in Bitcoin is risky, but nowadays everyone has a lot of confidence in Bitcoin. You have heard about DCA which is very good, you invest in Bitcoin following DCA. It is expected that if you hold for 3-4 years, you will get a lot of profit.
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ImThour
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Bitcoin Bottom was at $15.4k
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November 04, 2023, 04:49:51 AM |
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Depends on your thought process and your HODLing strategy.
If you want to go for long run, today is a good day to buy. Tomorrow is also a good day to buy. You get it? If you want to do trading or sell just after a sudden 20% UP move, you shouldn't even think about buying Bitcoin.
Anytime before the Bitcoin Halving in next year is the best time to buy Bitcoin.
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Adbitco
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November 04, 2023, 05:27:59 AM |
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I don't know why people are always seeing themselves as being late to bitcoin yes we know that bitcoin prices has gain much interest compared to back in the day where it was sold for less than $200 to $1000. I think what people should be considering now is that were the price could likely be in time to come if they will keep saying they are late or what best methods to applied to acquire bitcoin.
To me I only see the future as something that may be more difficult for people to acquire some fractions of bitcoin and now that you and I have all the best opportunities to at least have about $1k to $10k worth of bitcoin. You can buy that of $1k and hold till many years you feels like because the more we encountered halving the more bitcoin keeps increasing by then it could be very hard for people or average people to hold a decent volume of bitcoin.
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Mpamaegbu
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November 04, 2023, 07:57:22 AM |
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Because I believe in the hype that this forum is filled with knowledgeable people about cryptocurrency.
Well, it's not a hype. It's true. There are a great number of knowledgeable guys in here who are even ever ready to pass across what they know to others for free. All you've to do is ask, and ask in the relevant boards. Concerning the DCA you mentioned. Yes, it's a better way to accumulate Bitcoin (or any crypto) than buying at once if you've the set skills to spot Resistance and Support areas. If you aren't good at TA (Technical Analysis) you're likely to mess it up and miss the bus big time. To be on a safe side, just buy right now. We're approaching the Bitcoin halving event and price will soon go gaga up there.
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Before you boast of your material acquisition, take a stroll to a morgue and there you will find those who were once better than you're. Only fools think they've it all. Stay humble 🤔
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michellee
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November 04, 2023, 08:31:33 AM |
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The best time to buy Bitcoin is when the price is low. You can use the DCA method to buy Bitcoin so you don't think too much about its price movements. The DCA method is the best way to accumulate more Bitcoin at various prices. The important thing is that you can regularly buy Bitcoin with the same amount of money.
By using the DCA method, you can be sure to buy Bitcoin for a certain period. Now is still the best time to buy Bitcoin, especially if there is a deeper decline shortly.
You don't need to rush or worry if the price decreases because it is a bonus for you so you can buy more Bitcoin. We've seen it dip so often that it's a good time to buy it.
What we have to pay attention to when using the DCA method is being disciplined and routine in buying Bitcoin. And even if we buy it when the current price is higher than yesterday, that's okay because our target is long-term.
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Jon_Hodl
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November 04, 2023, 10:54:20 AM |
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I would say that DCA is the best way because it mitigates the risk of loss over time. Even if you started buying at the top but you never stopped a DCA purchase during the price slump over the past year or so, you would have lowered your cost basis so much that your overall holdings now have a greater fiat valuation against every fiat currency. This is a great tweet from Wicked Smart Bitcoin that shows just how valuable buying over time with a DCA really is: https://twitter.com/w_s_bitcoin/status/1719851382264521037I also really like the Bitcoin Profitable Days chart from Look Into Bitcoin ( https://whatsbitco.in/look-into-bitcoin) because it shows just how valuable it is to hodl over long periods of time. With a DCA, you end up buying more when the price is lower and less when the price is higher. Also, if you keep track of your average purchase price, then you can obviously buy more when the price is below your average cost per coin. In short, bitcoin is long-term savings for long-term thinkers and DCA is a long-term way to buy.
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I'm here to chew bubblegum and stack sats....and I'm all out of bubblegum. - Learn More About Bitcoin: What Is Bitcoin?
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Fara Chan
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November 04, 2023, 11:13:51 AM |
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The growth of Bitcoin over years have made it one of the most sorted after asset in the world right now and to me it's a lifetime opportunity that needed to be seized,
So my question is when is the best time to buy Bitcoin? Many people that have been into the industry before I even came in have mostly suggested the DCA method, some advice I allowed it to drop to my convenience price before I buy.
As a newbie I feel the DCA method is the best base on my own perspective of looking at it on the long term, I don't know if anyone have any better opinion? Because I believe in the hype that this forum is filled with knowledgeable people about cryptocurrency.
If you are very confident in Bitcoin and the DCA method and can feel comfortable enough to use it, I think you just need action from yourself to try it. Although generally the right time to buy is when the price of Bitcoin has decreased, if you prefer the DCA method, I don't think you need to be affected by the price because you can buy it slowly using this method. Be it every week or every month because most of the time now is very suitable for buying assets like Bitcoin.
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Essential10
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November 04, 2023, 03:07:46 PM |
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The growth of Bitcoin over years have made it one of the most sorted after asset in the world right now and to me it's a lifetime opportunity that needed to be seized,
So my question is when is the best time to buy Bitcoin? Many people that have been into the industry before I even came in have mostly suggested the DCA method, some advice I allowed it to drop to my convenience price before I buy.
As a newbie I feel the DCA method is the best base on my own perspective of looking at it on the long term, I don't know if anyone have any better opinion? Because I believe in the hype that this forum is filled with knowledgeable people about cryptocurrency.
If you have enough funds to invest, there may be enough time to buy bitcoins, if you are familiar with the volatility of the bitcoin market and can analyze it properly. However, it is important to invest mentally and in alignment with one's primary financial goals. Depending on the nature, investing in DCA can be both fiduciary and risky. With this method you can buy a fixed amount of bitcoins for a fixed period of time, which will not have a fixed effect on the price over time. It is possible to fix when to buy bitcoins using the DCA method. This gives you the opportunity to consider the price situation on the second side and you can change it if necessary in the future. You can follow your fixed dividend and required conditions.
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aysg76
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November 04, 2023, 04:11:32 PM |
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The best time is when you are ready to invest and how come someone tell you what's the best time? It is easy to say invest at low and sell at high but who decides these low-high points? The decision is in your hands so just go with it without wasting time and waiting for right time as im coming time you will only regret not investing in it like the same old feelings we have from past.
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Faisal2202
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November 04, 2023, 06:28:42 PM |
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OP seems to be new here, even though he had a lot of capital amount the Lumps-Sums cant be a better option for him because it requires some experience & good analysis skills to enter. TBH I won't recommend going for the DCA to any of the members if he's experienced. You don't recommend to go for DCA and you also think Lump-sum can't be a better option for OP then what should he do I know both come with some pros & cons, but DCA can be a good solution, the best all-rounder you can say for newbies & for the experienced ones they can modify DCA accordingly You are right, but think for another second, the risk involved in doing Lump Sum at the current moment is that the OP is new, has less knowledge of how to buy, doesn't know the networks properly, is not familiar with the exchanges, and is unsure of which is best for him in the context of taxes and security, and most importantly, how he would keep those amounts safe. Then, besides all this, there are other factors like market analysis, etc. Considering all the points in mind, lump sum can be a good option if OP covers all of them, because they don't require years to learn. If he does lump sum now at the current market rather than doing DCA, he might be making more money, but emergency funds are necessary to be kept aside. Long story short the short-term market momentum is always based on the developments.
There is no doubt in it, that's why I mentioned FA with TA. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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TakeItEasy
Sr. Member
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Activity: 1622
Merit: 270
Undeads.com - P2E Runner Game
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November 04, 2023, 06:44:42 PM |
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The growth of Bitcoin over years have made it one of the most sorted after asset in the world right now and to me it's a lifetime opportunity that needed to be seized,
So my question is when is the best time to buy Bitcoin? Many people that have been into the industry before I even came in have mostly suggested the DCA method, some advice I allowed it to drop to my convenience price before I buy.
As a newbie I feel the DCA method is the best base on my own perspective of looking at it on the long term, I don't know if anyone have any better opinion? Because I believe in the hype that this forum is filled with knowledgeable people about cryptocurrency.
In my opinion, when the market is good enough to give you profit then it would be better time to invest in the bitcoin. And you also know that we have seen in the previous days bitcoin was pumping hardly and now the price is enough to give a profit. But it also depends on your funds, for example how much fund you are holding plays also an important role in the profit of a trader. Also, when the bitcoin was below $25k that was also a better time to invest in that, BTW waiting for the DCA method is also a wise thinking of a trader, it is already told by many top trader. But investment needs some planning to do it before, this step can mostly trader try out and they have more time to got to the profit.
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nurilham
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November 04, 2023, 09:48:31 PM |
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So my question is when is the best time to buy Bitcoin?
As long as we are in the bearish season, don't worry to buy Bitcoin. We are still in the year of bearish season, the next year is the first year of bullish season if we consider the previous cycle. Anyway, the current price of Bitcoin is also still around $34k, it is quite far from the ATH ($69k). Usually, when we are in the bullish season, the price will create a new ATH. Ideally, it should be above $69k. So, it is quite safe to buy now if you have funds. Many people that have been into the industry before I even came in have mostly suggested the DCA method, some advice I allowed it to drop to my convenience price before I buy.
If you understand what DCA is, it is no problem to apply it. But makes sure that you know it well. Don't just follow what people suggest to you. You must ensure whether it fits to you or not.
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Roseline492
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November 04, 2023, 10:27:30 PM |
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The DCA strategy is quite good and this strategy is the most flexible strategy in every market state, so we can buy in cheap or expensive conditions with the time that has been determined, but maybe everyone's view is different about a strategy in making purchases, but in my opinion Personal DCA is the best especially when the market in the bearish season, the DCA strategy is far more effective.
Yeah is one of the best strategy to use in times of investment, however the DCA helps to guide an investor especially the new people on cryptocurrency on how to accumulate Bitcoin with a risk management. One of the things I like about DCA strategy is that it doesn't only benefit the rich but also the less privilege who doesn't have much money but are eager to invest on Bitcoin, however by educating them on how to invest using the only money they can afford to accumulating it bit by bit. Although one of the things about DCA strategy is that you don't accumulate everything at once because it has to do with accumulating with a lesser amount of money but with the possibility of getting to your investment target in the future.
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HajiBagi
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November 06, 2023, 06:12:25 AM |
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So my question is when is the best time to buy Bitcoin?
According to what I understand, you can purchase bitcoin whenever you want, but the most advantageous time to do so is when its price hasn't increased. Nevertheless, you can still invest right now because the market bull run hasn't yet begun, dispelling the myth that doing so will not yield any profits. You can do so now, and I think the market will rise, so you'll profit from your investment, buddy. You can buy BTC at anytime , but I Buy BTC whenever I received salary from my working place, and wait for another salary to come before I can still buy waiting for massive bull run to come, because am use to long term hodling which some newbies are afraid to involve themselves, but newbies prefer short hodling where they can start making little profits before they can improve. But many newbies buy BTC when there is bear season on ground and hodl for the price to rise to some stage before they can sell to make profits from the market which, I will advise you to buy when the price is low in the market and sell when the price is high in the market.
Yes, you are correct about some newbies, but I think you should have said "some newbies." The reason I say "some newbies" is that not all newbies like holding their bitcoin for a short while; the only one who cannot hold their bitcoin for very long is not capable of engaging in any cryptocurrency-related activities. Whether you like it or not, you must learn how to hold your coin for extended periods of time because if the market is not strong enough for you to sell it, you will not. Some newbies are very intelligent when it comes to cryptocurrency; I have seen a lot of them in this forum, and even when the market starts to pick up steam, they will always prefer to hold onto their coin to make sure the bull run is strong enough to motivate them to sell. Some newbies are very understandable that they even really understand how to invest in bitcoin and hold for a period of time.
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blckhawk
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November 06, 2023, 07:03:38 AM |
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The best time to buy bitcoin would be the time when bitcoin price is freefalling or during the bear season, I mean that's the time when people are panic selling hoping to cut their losses or just panicking entirely because a lot of them don't really like their investment going down in value. For me and maybe other logical people out there, that's the best time but you have to understand that when you buy at that time that the prices may continue to go down which will challenge your fortitude and mental endurance and if you know that you can survive that, you have to also know that you should just buy whenever you can and not wait for the lowest of that bear season because no one knows when and where it will bounce back.
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Bitcoin_people
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November 06, 2023, 09:33:47 AM |
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~~ So my question is when is the best time to buy Bitcoin? ~~
I think if you have enough capital you can buy bitcoin anytime it depends on you. Because when a person is interested in buying Bitcoin, he depends a lot on his money, if he doesn't have money, he will never invest and if he has money, he will definitely invest. In the past I have seen many people buy and hold Bitcoin at any time because they were looking for a golden opportunity rather than holding for the long term. Accordingly, if you have a long-term plan to buy bitcoins, you will never find time to invest in bitcoins. Moreover, if you invest now, you will surely gain in the future, however, you must first invest as much as you can afford to lose. If you want to invest short term then you can buy when the market is down and sell when the market is pumping it will give you profit for military time. And if you plan long term then buy and hold bitcoin from anywhere and it will give you huge profit when bitcoin market turns bull.
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