Bitcoin, when to buy

[Bushdark]

 
  The best time to buy Bitcoin is when nobody wants it, just like the crash in march of 2020 where people sold heavily through exchanges like Coinbase, Primexbt, Binance,  Kraken etc… with prices going as low as 3200 per 1 Bitcoin.

it just requires people with complete belief in Bitcoin's future potential. those who panic sell when prices fall, only think about taking the opportunity to avoid losses or secure their profits quickly. and hope they will wait at the bottom again to collect more.
if you want to buy Bitcoin, then do it right away. Don't delay if you plan to invest long-term. There is no problem if you buy gradually every time you have money that you allocate to Bitcoin. let's say $100 every week, that's not a bad thing. there may be investors who wait for the moment of decline and buy in large quantities to take advantage of lower prices. but if you don't have more money, you can accumulate your Bitcoins slowly.

The question of when to buy Bitcoin should not be the problem, we should have the mindset of buying Bitcoin when the price is low so that we can decide to sell when the price goes up which is one of the ways we can make profits from the market.
Bitcoin is still ranging now and with time maybe at the beginning of next year, we might be seeing the price of Bitcoin going up gradually.
For us to grab from the bull market, it is good for us to try and buy some Bitcoin now when the price is still ranging so that we can sell when the price finally goes up.

[Ndabagi01]

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.

Yes, many people know a lot about bitcoin, but what you should know is that everyone has a different approach to accumulating bitcoins, and the method everyone uses is the one that works best for them. Many people believe that the DCA method is the best method because it can be done by anyone, regardless of financial situation. If you want to buy bitcoin in a better way, you should do so in a lump sum, but this is only available to some people depending on their financial strength. DCA can also be completed by someone who has previously completed a lump sum purchase, making it the most convenient method of purchasing and accumulating bitcoin.

[petulino]

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?
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 openion its very important think that to take your own financial objectives risk tolerance and investing plan into account. Even though DCA is a wise plan some investors could also search for openings when the market declines or when prices are down to normal.
And also DCA entails investing a set amount of money in Bitcoin on a  daily and regular basis depand on its price. and also Investors may experience less stress while using this point which helps to lessen the effects of short terms price swings.

[rozak]

The question of when to buy Bitcoin should not be the problem, we should have the mindset of buying Bitcoin when the price is low so that we can decide to sell when the price goes up which is one of the ways we can make profits from the market.
Bitcoin is still ranging now and with time maybe at the beginning of next year, we might be seeing the price of Bitcoin going up gradually.
For us to grab from the bull market, it is good for us to try and buy some Bitcoin now when the price is still ranging so that we can sell when the price finally goes up.

Buying Bitcoin cheap is of course the most recommended. Sometimes situations like that make beginners a little hesitant to determine their attitude, whether to enter and buy Bitcoin or have to wait for the price to fall cheaper.
I'm sure you have also been asked by several people or your friends regarding the correct Bitcoin price. We will be quite hesitant to give a price range when the person asking is a beginner. because they don't really know the risks of investing. So when someone asks, show them a graph of Bitcoin prices from year to year. beginners will see the potential that Bitcoin can gain in the long term. not something we buy and sell and then make a big profit.

[AbuBhakar]

Buying Bitcoin cheap is of course the most recommended. Sometimes situations like that make beginners a little hesitant to determine their attitude, whether to enter and buy Bitcoin or have to wait for the price to fall cheaper.
I'm sure you have also been asked by several people or your friends regarding the correct Bitcoin price. We will be quite hesitant to give a price range when the person asking is a beginner. because they don't really know the risks of investing. So when someone asks, show them a graph of Bitcoin prices from year to year. beginners will see the potential that Bitcoin can gain in the long term. not something we buy and sell and then make a big profit.

But how do you determine when Bitcoin is cheap while the price is above 37K a piece. Even if it dump to 20K or 10K level Bitcoin is not cheap. You will never purchase Bitcoin if you are looking for a cheap price.

You should buy during correction based on the chart because looking for a cheap price will make you stuck on waiting unless you are just pertaining to a lower price to the current one. But cheap is long gone to Bitcoin.

[HONDACD125]

Bitcoin does not have a particular time an investor suppose to buy bitcoin,  like some people do make a phrase that is late for them to invest in bitcoin, why in bitcoin investment their is no time someone invested with bitcoin is waste of time and waste of resources, but considering another factor, investing in bitcoin what it needs is timing and if you are investing in bitcoin to make a profit make sure you invest in bitcoin during the time of bearish time.

I think people who are saying that they are late to invest in Bitcoin are right, because the people who are buying bitcoin at the time are also late.Some time ago when Bitcoin was trading around $16 k, there were people who did not invest in Bitcoin. Now that Bitcoin is trading above $35k, people want to invest in Bitcoin right now.

Right now they're saying they're late to buy bitcoin, and they really are. Therefore, there is a time to buy in Bitcoin. If you buy Bitcoin when it reaches its all-time high and starts to go down from there, So of course your time of buying is wrong and you are too late to buy. We have only one objective to invest in Bitcoin and that is to get profit, so choosing the right time should be our first priority.

Most people who say that they are late are right, because the exponential potential of Bitcoin is lower now than years ago. It costed cents a when it was invented, and a decade ago it costed less than 50$: I doubt that at this stage Bitcoin is able to go 1000x in the next ten years.

Anyway, for those who think that it is enough with smaller winnings too, then with the focus in the long term, it seems that it is always a good moment to buy, if you just hodl it enough time.

It is difficult to predict where the price of Bitcoin will be in the next ten years due to the way many countries are now looking at cryptocurrency and trying hard to regulate it, The popularity of Bitcoin and the increasing tendency of people to invest in it, all these things are worrying some countries.

So some countries are working to control that and its price. However, this doesn’t mean that it isn’t profitable to buy it,but Bitcoin is still better than other investments.

[cryptodude]

If you use the (DCA) Dollar Costing Average method then any time is suitable for you to buy bitcoins. Because with DCA method you can reduce your purchase price a lot. Moreover, currently the market is slowly going deep. So I think now is the right time for you to buy bitcoin but definitely using (DCA) method.

[God bless u]

It's great that you recognize the growth potential of Bitcoin and are considering investing in it. The best time to buy Bitcoin is a common question. But if you want to invest in Bitcoin so I will say just buy and hold.

The DCA method that you mentioned is a popular strategy for investing in Bitcoin. DCA can be a sensible strategy especially for New persons to the cryptocurrency market. It helps to reduce the risk of making a large investment at a unfavorable price. By spreading your purchases over time you can benefit from the average price of Bitcoin over the long term.

Investing doesn't matter one should invest because Bitcoin is great but investing in it is only investing the money you have which is extra available

So that if there is any loss in future then your investment is not affected and your work is not affected, you can benefit from it, but these are a few things. Keep in mind that if I'm lost my money what will be the next?

[Zanab247]

If you use the (DCA) Dollar Costing Average method then any time is suitable for you to buy bitcoins. Because with DCA method you can reduce your purchase price a lot. Moreover, currently the market is slowly going deep. So I think now is the right time for you to buy bitcoin but definitely using (DCA) method.

If you buy BTC anytime in the market, it will not help you to make a good profits like those who always buy during bear season which is the best season for people to buy and hodl for future profit. The market price has fall down to $38k Few hours ago and it will still fall more before it will begin to rise again and if you have money to buy BTC, you can buy as many you want so that you will sell to make profits when the price rise higher in the future.

[DaNNy001]

If you use the (DCA) Dollar Costing Average method then any time is suitable for you to buy bitcoins. Because with DCA method you can reduce your purchase price a lot. Moreover, currently the market is slowly going deep. So I think now is the right time for you to buy bitcoin but definitely using (DCA) method.

This short dip is an excellent opportunity for holder to top their investment and have good value to the Bitcoin because when the price is low the better the rate of Bitcoin you will have and ofcourse the DCA strategy is probably the best but for chances like this it's better to go wild and buy big that's if funds is available. Most people that use the DCA strategy are mostly people that tend strategize their income flow so they can meet up with accumulation and still with other things.

[GeorgeJohn]

For purchasing of Bitcoin it does not have a particular duration or timing that you will know or you have to ascertain before buying Bitcoin only thing you need is to know when the price of Bitcoin rise and then when the price also fall, that that is why what we needed in Bitcoin is to know exactly when the market is about to enter a bullish market is about to enter a bearish market that is what is important in Bitcoin cycle on the Bitcoin investment for anyone who does not know they strategies for bitcoin investment.

The Investment is of two kind long time investment on the short-term investment so if you want to go into a long time investment you can purchase at any given point in time but if we want to go in short time you have to target the market very well knowing that you are anxious of when the market will rise and you sell to make a profit,

[Mate2237]

When the price of bitcoin is increasing, it is good for you to use DCA to buy bitcoin but if the price very low and the bottom of the dip then you don't need to use the mathematical method of DCA but to purchase any amount at that time and hodle for the long term investment. So with the two methods I mentioned just now there is no time and period to buy bitcoin but all time. But if you meet the price at the dip time then it is your best if luck.

They suggested it for you because it is easier to get into the paradigm.

[Finestream]

If you buy the whole part of bitcoin, it would mean very expensive most especially for newbies. That is why using DCA is highly encouraged so that any investor would not feel the burden on his expenses while he’s trying to accumulate bitcoin. And if asked when to start doing it, NOW is the best time for that. Bitcoin is currently priced at $39k so before it goes to $40k up, then start buying now. Bitcoin halving is getting near, it would be wiser to stack more bitcoin these days so we can also ride the hype of making massive profits once bull run starts to appear.

[Justbillywitt]

If you use the (DCA) Dollar Costing Average method then any time is suitable for you to buy bitcoins. Because with DCA method you can reduce your purchase price a lot. Moreover, currently the market is slowly going deep. So I think now is the right time for you to buy bitcoin but definitely using (DCA) method.

If you buy BTC anytime in the market, it will not help you to make a good profits like those who always buy during bear season which is the best season for people to buy and hodl for future profit. The market price has fall down to $38k Few hours ago and it will still fall more before it will begin to rise again and if you have money to buy BTC, you can buy as many you want so that you will sell to make profits when the price rise higher in the future.

Waiting for the bear market alone before you buy bitcoin is not a good idea, the reason why we have the DCA method is for people to buy bitcoin whenever they have money to invest irrespective of how small the money is, so doing that continually one can always accumulate as much bitcoin even when in bull market. You can continue to buy with DCA till the bear market comes in then you can buy with lump sum.

[cryptoWODL]

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.

I think not all people have the same method of depositing bitcoins everyone has a different method to deposit bitcoins. If you want to invest bitcoins with dollar cost averaging (DCA) method I think you can buy bitcoins at any time with any amount of money. But one thing if you want to invest first you need to gain experience about investment.
Now not only the newbies but the seasoned investors are continuing their investments with Dollar Cost Averaging (DCA) method and planning to hold it for a long time.

[snowpega]

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.

Dear these questions are very common like when should we buy Bitcoin and what is the best method to buy Bitcoin DCA or Lump Sum if you ask me the same question so I would say you should read this topic which I created some months ago there you can read the best suggestions of the experienced members. here is the link to the topic>>>>"Lump sum Vs DCA" for Bitcoin Accumulation". Must have a look here.

what I learned from there is that DCA suits well those who have fewer funds and they can not buy at once so that they can keep accumulating the BTC from time to time when they get their salaries and it is not highly recommended that only those should not do DCA who received their salaries monthly or weekly based it depends on everybody plans or preferences. On the other hand Lump sum suits well for those who have a big amount of money and do not care about the market price so they just buy and hold it for the long term. So in the end plan always matters alot.

[Franctoshi]

A DCA strategy reliefs these emotions that most investors attach to their investments which puts them on this pressure of selling when the market is seriously bleeding because they have used the amount of money they can't afford to lose and invest at one particular time, But using DCA strategy will not only help you not to have more exposure to the market that is investing what you can't afford to lose, but also helps you to invest without it affecting your day-to-day personal and family expenses, while still, on the long run you will meet up your Bitcoin investment target without having to feel you have invested a huge amount of money in the market.

[YOSHIE]

My understanding of Bitcoin is very diverse, those who are involved in it, from investing, trading, mining and so on, the core behind all of that is making a profit and making the best use of Bitcoin to be financially successful.

But if this is what you ask...!

So my question is when is the best time to buy Bitcoin?

Of course, this must be answered depending on their purpose in coming to the Bitcoin market. When investing, of course many people hope for the long term and it is always associated with the ATH phenomenon, if that is what they want, I think at this time it is still worth considering buying and if they trade of course they know the right time to buy and sell, they have knowledge in analyzing things where the best and bad prices are.

Now it depends on you, the purpose of coming to the Bitcoin market, maybe you will find out all that as time goes by.

[Essential10]

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.

I think not all people have the same method of depositing bitcoins everyone has a different method to deposit bitcoins. If you want to invest bitcoins with dollar cost averaging (DCA) method I think you can buy bitcoins at any time with any amount of money. But one thing if you want to invest first you need to gain experience about investment.
Now not only the newbies but the seasoned investors are continuing their investments with Dollar Cost Averaging (DCA) method and planning to hold it for a long time.

Yes, DCA method of Bitcoin investment is good, I quite like this method. I think now is the right time to buy Bitcoin. If you notice, you will see that the price of Bitcoin has been going down for a while now. I believe bitcoin will reach its ATH after the next bitcoin halving. I think it is not right to miss these moments, from now on using DCA method in Bitcoin investment you can hold your Bitcoin for long term.

[puloweh555]

If we want to know when is the right time to buy Bitcoin, it seems very difficult to determine when is the right time because this will remain a big secret for all of us. Again, in the bitcoin journey, there is no right time to buy bitcoin because this is because the price of bitcoin is very fluctuating.

But if you invest in the long term then buying bitcoin at any time using the dca method is the right and best time regardless of whether the price goes up or down. Because in the long term, we believe the price of Bitcoin will continue to increase, especially as the bitcoin halving will soon occur. Whatever the price of Bitcoin when you buy it, it will eventually rise in price in the long run. What is certain is that Bitcoin investment can be said to be double-edged, it can produce profits or losses. However, with the right tactics and mindset, you will likely be profitable in no time.