Buy Buy Buy or Sell Sell Sell?

[rangga28]

When prices of bitcoin are fluctuating, how do you know when to buy? Learning more about using dollar-cost averaging to weather price volatility.
As the price of bitcoin is unpredictably increasing or decreasing over a short period of time due to its young economy, novel nature, and sometimes illiquid.

You’ve asked a question every newbie will want to ask, I’m not surprised by your approach though, but is best you don’t look at the highs and lows while planning to invest rather, you should use the DCA strategy to accumulate bitcoin on a weekly basis based on your financial capacity and you should be looking at a longer duration of investment, probably 7 years and above.

There are plenty of technical analysis tools to rely on, but none of them accurately predicts Bitcoin's price movements. So, everyone always feels left behind when the price reaches its all-time high, but they never want to enter when it drops and continues to fall. Meaning, even when the price is as it is now, they don't want to enter the market because they think the market will correct again.

So, in my opinion, it all depends on one's own will and assumptions. There's no difference in level between people because anyone who already knows about Bitcoin certainly has the same opportunities and chances. So, the best way is to start immediately with a solid understanding and not focus so much on theory that you never try it at all.

[Umulala-alala]

When prices of bitcoin are fluctuating, how do you know when to buy?

Use the dca strategy to buy bitcoin you will not be worried about the volatility of BTC  if you are waiting for the perfect entry to buy you will be making a mistake bitcoin price will always fluctuate that's the nature so to over come it is by buying BTC consistently using the dca strategy, this dca strategy will enable you buy BTC without considering about the price and also with this strategy (dca) you can buy with your discretionary income and hodl for 4-10 .

[Solokan]

Investing in the DCA method is applicable to both the rich and the poor. Many people may say that the poor cannot invest in Bitcoin, but I think the poor can also invest, but maybe they can do it in small amounts, but if they try, they can gradually continue their investment in the DCA method with a small amount, but for this, we must plan and try, if we do not continue with our efforts, then it will be true that the poor cannot invest. A poor person, if he is experienced in Bitcoin, can save some unnecessary expenses and invest, whether it is smoking, eating chocolate, but for this we must have effort, if we can try, then we will definitely be successful.

It is true that the DCA technique can be used by anyone because both poor and rich people can use this technique, and even those with small incomes can still use the DCA technique and buy according to their means. However, even those without a steady income can still use it because the most important factor is desire. If one lacks the desire to invest in BTC, they won't be able to do so, as there are many wealthy people who also choose not to invest in BTC and therefore do not own any.

But the most important thing is that we must strive and work hard because there are also many poor people who eventually become rich by investing in BTC. However, one of the keys to success in investing in BTC is that we must be strong against temptation because there are many people who are not strong enough to resist the temptation of BTC, one of which is not being able to hold BTC for the long term.

[yixichloro2xx]

As we may have it that some are already echoing buy buy, while the necessary plan and financial aid is not in place for the smooth running of their investments, because this is not what can be taken under a hash condition, we needed time to plan ourselves out and make the right decision as to what could be of profit to us at the long run.

Therefore, the order of how things should be done must be our first priority, getting the right investment strategy, and having plan ahead the time we are going to invest, so that it will be done without mixing things up and getting them more complicated for ourselves, because this is al about bitcoin investment as we may not be able to opt out anytime we like except when the market indicates so.

‎I somehow like the idea of preparation before a person jumps into Bitcoin investments. You know, Bitcoin isn't something a person will just jump in blindly all because of FOMO. It's Better to have clear plan on how you want to invest ( e.g Amount you want use to invest, is it every day or weekly you want to keep buying, how long you want to hold, tolerance level, expectations, keeping your emergency funds etc) makes a big difference. With a good plan you won't be interested to short term market movement or noise. Because your focus on a long term.

[HodlPlanet]

When prices of bitcoin are fluctuating, how do you know when to buy?

No one Knows When the Price of Bitcoin will increase or decrease, there is no specific time to buy Bitcoin,
but if you want, you Can set aside some Money from your income,
buy it for the long Term, And buy it AccOrding to plan, not because of Hype or fear.

[Saltysugar99]

It is true that the DCA technique can be used by anyone because both poor and rich people can use this technique, and even those with small incomes can still use the DCA technique and buy according to their means. However, even those without a steady income can still use it because the most important factor is desire. If one lacks the desire to invest in BTC, they won't be able to do so, as there are many wealthy people who also choose not to invest in BTC and therefore do not own any.

But the most important thing is that we must strive and work hard because there are also many poor people who eventually become rich by investing in BTC. However, one of the keys to success in investing in BTC is that we must be strong against temptation because there are many people who are not strong enough to resist the temptation of BTC, one of which is not being able to hold BTC for the long term.

DCA is really a method that can be used by both rich and poor because the main thing here is not a big amount at once, but consistency. However, anyone can do DCA when you are doing it with discretionary funds. If someone does DCA without keeping money for necessary expenses ad emergency fund , then if the market drops a little, he will be forced to sell when an emergency arises. This is the most common way to failure. So DCA is for everyone, if it is not money for necessary expenses but on top of excess money.
You said that DCA can be done even if there is no steady income, but its depends on desire. In investing bitcoin its not only depends on wish but also  cashflow (although it may be irregular), planning, and determining the amount according to the condition are needed. DCA is also possible for someone with irregular income. But He has to allocate systematically after the income comes. For example: when the income comes, he will first meet the necessary expenses, then buy the fixed part of  bitcoin, and create the emergency fund if it is not full for 3 to 6 month expenses . So even if there is no steady income, investment is possible if there is a proper plan.

You are right that many rich people do not buy bitcoin. Personally, I think that buying bitcoin is not a moral obligation. Whether a person will buy bitcoin or not depends on his willingness, preparation and ability. If you read JJG's  individual factors concept on this matter, you can get the right idea. Even if someone is rich, if his spending habits, lifestyle, or mental tolerance cannot take the volatility of  bitcoin, he will not buy it, it is normal. And even if someone has a low income, if his discretionary is small, he can accumulate. But many poor people become rich by investing in bitcoin, it is very risky. Because it creates the idea for newbies that buying bitcoin  is enough to make rich. The reality is that some people have made a lot of profit from BTC, but many people have made mistakes and bought Bitcoin with loans, leveraged it, panic sold, or went to shitcoins and suffered losses. Bitcoin may create opportunities, but it is not a guarantee that someone will become rich from poor. Your results depend on how you behave, how regular you are, and whether you can avoid forced selling for long time investing and holding mindset.

[ZeroVinsonN]

When prices of bitcoin are fluctuating, how do you know when to buy?

No one Knows When the Price of Bitcoin will increase or decrease, there is no specific time to buy Bitcoin,
but if you want, you Can set aside some Money from your income,
buy it for the long Term, And buy it AccOrding to plan, not because of Hype or fear.

When you say setting aside money from your income you should know that it's best to invest in bitcoin with your discretionary income since this the the money that you can afford to lose rather than investing with money meant for paying your bills, we need to understand that bitcoin investment is a long term investment so when you allocate funds to bitcoin you are not to for any reason try to take that fund out for something else this is why you should invest with your discretionary income alone, this way you still get to settle your regular bills while still investing in bitcoin with your discretionary and to avoid running into unwanted situations that might push you to sell your bitcoin too early it's also advisable to have an emergency fund readily available too, this is also gotten from your discretionary income as well and it's best to save up to at least 3 months worth of your expenses in your emergency fund so that it can actually serve if and when an emergency comes up.

[Shineup]

When prices of bitcoin are fluctuating, how do you know when to buy? Learning more about using dollar-cost averaging to weather price volatility.
As the price of bitcoin is unpredictably increasing or decreasing over a short period of time due to its young economy, novel nature, and sometimes illiquid.

You’ve asked a question every newbie will want to ask, I’m not surprised by your approach though, but is best you don’t look at the highs and lows while planning to invest rather, you should use the DCA strategy to accumulate bitcoin on a weekly basis based on your financial capacity and you should be looking at a longer duration of investment, probably 7 years and above.

There are plenty of technical analysis tools to rely on, but none of them accurately predicts Bitcoin's price movements. So, everyone always feels left behind when the price reaches its all-time high, but they never want to enter when it drops and continues to fall. Meaning, even when the price is as it is now, they don't want to enter the market because they think the market will correct again.

So, in my opinion, it all depends on one's own will and assumptions. There's no difference in level between people because anyone who already knows about Bitcoin certainly has the same opportunities and chances. So, the best way is to start immediately with a solid understanding and not focus so much on theory that you never try it at all.

This statement is contradictory honestly I don't think if there is any technical tools to rely on this kind of believe has made most people to be gambling with Bitcoin rather than investing, the market is unpredictable and over times it has proves a lot of people wrong while relying on tools,
Having a basic knowledge is most important towards getting started as you increase your knowledge with time while already accumulating Bitcoin a lot can be gotten from experience while focusing more on the fundamentals than relying on theories.

[Tonimez]

Having a basic knowledge is most important towards getting started as you increase your knowledge with time while already accumulating Bitcoin a lot can be gotten from experience while focusing more on the fundamentals than relying on theories.

The real question is what do you describe as basic knowledge of bitcoin? This Idea of having basic knowledge can be deceitful for a beginner who thinks he can learn about bitcoin completely before he can start investing in bitcoin. This has made many beginners not to invest at all in bitcoin while learning about bitcoin.

For me what a beginner really needs is the availablity of a discretionary income and owning a wallet or an exchange for accumulation. A beginner should also understand that all he needs is to accumulate for a long-term and also understand that volatility can cause panic among investors and then have in mind that it is better to invest for a long time of about 4 to 10 years at least during which bitcoin would have gone through some cycles and gives higher chances of success for the investor.

[Father111]

When prices of bitcoin are fluctuating, how do you know when to buy?

Use the dca strategy to buy bitcoin you will not be worried about the volatility of BTC  if you are waiting for the perfect entry to buy you will be making a mistake bitcoin price will always fluctuate that's the nature so to over come it is by buying BTC consistently using the dca strategy, this dca strategy will enable you buy BTC without considering about the price and also with this strategy (dca) you can buy with your discretionary income and hodl for 4-10 .

Buy during Dip is the best time but being unable to determine when the Dip may occur is unrealistic due to Bitcoin volatile nature and this is the main reason DCA is preferred because it enables one accumulate Bitcoin through one's discretional funds on weekly or monthly basis over a period of 4-10 years without loosing out.

[Crytohillss]

When prices of bitcoin are fluctuating, how do you know when to buy?

No one Knows When the Price of Bitcoin will increase or decrease, there is no specific time to buy Bitcoin,
but if you want, you Can set aside some Money from your income,
buy it for the long Term, And buy it AccOrding to plan, not because of Hype or fear.

When you say setting aside money from your income you should know that it's best to invest in bitcoin with your discretionary income since this the the money that you can afford to lose rather than investing with money meant for paying your bills, we need to understand that bitcoin investment is a long term investment so when you allocate funds to bitcoin you are not to for any reason try to take that fund out for something else this is why you should invest with your discretionary income alone, this way you still get to settle your regular bills while still investing in bitcoin with your discretionary and to avoid running into unwanted situations that might push you to sell your bitcoin too early it's also advisable to have an emergency fund readily available too, this is also gotten from your discretionary income as well and it's best to save up to at least 3 months worth of your expenses in your emergency fund so that it can actually serve if and when an emergency comes up.

Absolutely, the idea of learning everything in the first place can really hold people back, Bitcoin is one of the asset which those things where real knowledge comes with time and experience not just reading the theories as long as anyone has discretionary income a secure wallet or exchange and a long term mindset they are already ahead volatility is unavoidable but if one can zoom out and think in years  rather than months it becomes much easier to stay alert on the accumulation rather than short term price.

[Obulis]

Ad wr may have it that some are already echoing buy buy, while the necessary plan and financial aid is not in place for the smooth running of their investments, because this is not what can be taken under a hash condition, we needed time to plan ourselves out and make the right decision as to what could be of profit to us at the long run.

Therefore, the order of how things should be done must be our first priority, getting the right investment strategy, and having plan ahead the time we are going to invest, so that it will be done without mixing things up and getting them more complicated for ourselves, because this is al about bitcoin investment as we may not be able to opt out anytime we like except when the market indicates so.

Planning is indeed something that needs to be done when we are going to invest in an asset such as bitcoin, because with better planning, our investment will definitely run more smoothly. However, even so, sometimes we must also be brave enough to take action even if we are not yet in a perfect financial situation. Because if we wait too long and demand perfection when investing, I think that is not a good idea. Because in the end, we will lose a lot of momentum. Bitcoin will not wait for us until our financial situation improves, so start investing in bitcoin while learning from experience. Because that is clearly better in my opinion. Because learning while practicing will clearly yield much better results. So, when we want to invest in Bitcoin and already have discretionary funds, we can start buying Bitcoin. Because that is clearly better and will not just remain a plan that is never carried out.

Investing in bitcoin has little to do with financial stability,you can start investing within your capacity as little as you have you can draft a portion of it for investment while you wait for a bigger breakthrough in your finances.
Waiting to get everything figured out in your finances may end up killing your zeal in investing in bitcoin and the worst part is bitcoin doesn't wait for no man if you don't start buying now it's in 80s how do u think u can buy in it's over $200k.
You can start as little as $5 -$10 now with a continuous investment you will find out before the end of the year you have accumulated alot of bitcoin.

I agree with you, delay is a very dangerous thing and someone who's serious and willing to invest in Bitcoin will not wait to get everything in his palm before they start investing because the hardest part of every investment is the strength and determination to start first and ones someone starts investing the spirit will be there to continue unless you don't trust in Bitcoin and I think some people are still doubting the potential of Bitcoin because of how volatile it is and when these people see massive Dip in Bitcoin they will conclude what they don't know and if they don't change they will regret in the future.

Provided that you have your discretionary income available then all you have to do is to just start investing, preferably with the DCA, it might look small at first but over time the value will rise to a point where you will finally get to appreciate your own efforts see you profit grow, it's all about your willingness to HODL and not sell for any reason that might popup along the way and this is why it's also smart to have an emergency fund ready to handle unexpected situations that might come up along the way as you are accumulating bitcoin, it's all about your determination and dedication to your investment, as long as you do not lose focus and get distracted by worthless shitcoins that promise the world when they obviously can not even deliver on their own promises, stick to bitcoin and watch your holdings grow.

Obviously DCA seems the best strategy for a newbie, newbies can keep learning while already investing. That DCA is a gradual move on accumulation journey doesn't make it weak. The pressure of volatility is not visible to a newbie who is using DCA strategy and DCA strategy on it's own looks long-term oriented. An investor can target a long time of applying DCA which makes it relational to long-term investment approach. DCA can even increase the focus on Bitcoin accumulation thereby undermining the temptations of fake exchanges and pump-and-dump scheme/shitcoins.

[Cossyblack]

Absolutely, the idea of learning everything in the first place can really hold people back, Bitcoin is one of the asset which those things where real knowledge comes with time and experience not just reading the theories as long as anyone has discretionary income a secure wallet or exchange and a long term mindset they are already ahead volatility is unavoidable but if one can zoom out and think in years  rather than months it becomes much easier to stay alert on the accumulation rather than short term price.

I think people must drop that idea that they could actually learn everything about bitcoin. That could take them a lifetime and while studying they might lost interest in bitcoin and may never invests again. Chasing after absolute knowledge about bitcoin may take a lifetime since bitcoin is still evolving and haven't come close to its peak yet. People should stop chasing after absolute knowledge as it won't profits them in anyway. They should focus on discretionary income and simple understanding on how to buy bitcoin from a centralised exchange and transfer it into a secure wallet and hold for the long term.

[PhilosopherKing]

When prices of bitcoin are fluctuating, how do you know when to buy?

All time is a good time to buy when using DCa. With DCa there is no need to bother about the whole "when do I buy" bullshit, you just buy based on your schedule and move on with your life.

By default, bitcoin fluctuates,  so when you start to be waiting for the best price to buy, it will only turn you into a market timer, and a lot of people suck at that. That is why you should just continue with using your DCa, period.

[Gallar]

Ad wr may have it that some are already echoing buy buy, while the necessary plan and financial aid is not in place for the smooth running of their investments, because this is not what can be taken under a hash condition, we needed time to plan ourselves out and make the right decision as to what could be of profit to us at the long run.

Therefore, the order of how things should be done must be our first priority, getting the right investment strategy, and having plan ahead the time we are going to invest, so that it will be done without mixing things up and getting them more complicated for ourselves, because this is al about bitcoin investment as we may not be able to opt out anytime we like except when the market indicates so.

Planning is indeed something that needs to be done when we are going to invest in an asset such as bitcoin, because with better planning, our investment will definitely run more smoothly. However, even so, sometimes we must also be brave enough to take action even if we are not yet in a perfect financial situation. Because if we wait too long and demand perfection when investing, I think that is not a good idea. Because in the end, we will lose a lot of momentum. Bitcoin will not wait for us until our financial situation improves, so start investing in bitcoin while learning from experience. Because that is clearly better in my opinion. Because learning while practicing will clearly yield much better results. So, when we want to invest in Bitcoin and already have discretionary funds, we can start buying Bitcoin. Because that is clearly better and will not just remain a plan that is never carried out.

Investing in bitcoin has little to do with financial stability,you can start investing within your capacity as little as you have you can draft a portion of it for investment while you wait for a bigger breakthrough in your finances.
Waiting to get everything figured out in your finances may end up killing your zeal in investing in bitcoin and the worst part is bitcoin doesn't wait for no man if you don't start buying now it's in 80s how do u think u can buy in it's over $200k.
You can start as little as $5 -$10 now with a continuous investment you will find out before the end of the year you have accumulated alot of bitcoin.

Yes, the point is,, we must be brave enough to start investing in Bitcoin. That's the KEY to maintaining sustainable motivation. Furthermore, if we're talking about Bitcoin, which has already reached $200,000, I think buying Bitcoin at that price is also a good idea. I'm sure Bitcoin's highest price is far more than $200,000,, but it could even reach over a million dollars in my opinion. Therefore,, even if Bitcoin eventually reaches $200,000, if we're still in the accumulation phase, we shouldn't stop buying Bitcoin. At that point, $200,000 could be its lowest price. But if we're talking about the present, it's clear that buying at the current price is better than buying at a higher price. This is because investing in Bitcoin requires maximizing our potential, whether through purchases or other means. Therefore, DCA and continue DCA until we have too much Bitcoin.

[Finebone]

Yes, the point is,, we must be brave enough to start investing in Bitcoin. That's the KEY to maintaining sustainable motivation. Furthermore, if we're talking about Bitcoin, which has already reached $200,000, I think buying Bitcoin at that price is also a good idea. I'm sure Bitcoin's highest price is far more than $200,000,, but it could even reach over a million dollars in my opinion. Therefore,, even if Bitcoin eventually reaches $200,000, if we're still in the accumulation phase, we shouldn't stop buying Bitcoin. At that point, $200,000 could be its lowest price. But if we're talking about the present, it's clear that buying at the current price is better than buying at a higher price. This is because investing in Bitcoin requires maximizing our potential, whether through purchases or other means. Therefore, DCA and continue DCA until we have too much Bitcoin.

I agree with you here because this is what most people don't know about Bitcoin, they are only looking at it present performance in the market without considering the fact that Bitcoin is still very cheap if you contemplate on the value it may rise up to in the future, because if am not wrong, their was a time bitcoin was seen as extremely high at 62k, but right now it's a dip that may never come again, so my own advice here is for all Bitcoin investors to keep on buying and accumulating it now that it's still cheap and early, because in few years from now, this price may look a serious dip that may never come again, because bitcoin has the potential to rise up to a million dollar in the future.

[Emikoyumi]

When prices of bitcoin are fluctuating, how do you know when to buy? Learning more about using dollar-cost averaging to weather price volatility.
As the price of bitcoin is unpredictably increasing or decreasing over a short period of time due to its young economy, novel nature, and sometimes illiquid.

Thinking too much about the bitcoin price only makes the head tired because it never moves in a straight way,Today it suddenly gose up tomorow it gose down again,So worying about the perfect time to buy is useless, Putting a lot of money at once often brings regret when the price drops later, That is why buying small amounts over time is better,This way you buy when the price is low and also when the price is high,Overall the average price stays reasonable...Most importently the mind stays calm,The market is still new and the rules are not fully clear yet,So moving slowly without rushing is better, Having patience and buying regularly reduces risk and stress...

[Joeboy]

Obviously DCA seems the best strategy for a newbie, newbies can keep learning while already investing. That DCA is a gradual move on accumulation journey doesn't make it weak. The pressure of volatility is not visible to a newbie who is using DCA strategy and DCA strategy on it's own looks long-term oriented. An investor can target a long time of applying DCA which makes it relational to long-term investment approach. DCA can even increase the focus on Bitcoin accumulation thereby undermining the temptations of fake exchanges and pump-and-dump scheme/shitcoins.

Talking about the best strategy, then it is DCA. DCA isnt just the best for the newbies, it is the best for all. The newbies, old investors, rich, poor, average class etc, can all make use of DCA...Using DCA makes it possible for folks to keep buying without necessarily timing the markets or waiting for the perfect entry point...With DCA you are able to adjust your buys based on the current level of your income and if you experience an increased income in the future,  DCA still makes it possible for you to still apply flexibility to your buys. But then this may very well not be possible with other strategies...

[sotelorene]

When prices of bitcoin are fluctuating, how do you know when to buy? Learning more about using dollar-cost averaging to weather price volatility.
As the price of bitcoin is unpredictably increasing or decreasing over a short period of time due to its young economy, novel nature, and sometimes illiquid.

Thinking too much about the bitcoin price only makes the head tired because it never moves in a straight way,Today it suddenly gose up tomorow it gose down again,So worying about the perfect time to buy is useless, Putting a lot of money at once often brings regret when the price drops later, That is why buying small amounts over time is better,This way you buy when the price is low and also when the price is high,Overall the average price stays reasonable...Most importently the mind stays calm,The market is still new and the rules are not fully clear yet,So moving slowly without rushing is better, Having patience and buying regularly reduces risk and stress...

As a long term investor what do you need to be thinking about in Bitcoin? Thinking about Bitcoin is a waste of time and I don't think anyone who is serious to investor and hold for long will be worried or think about Bitcoin because it is not necessary. An investor is already aware of the volatile nature of Bitcoin so thinking about the fluctuations and getting yourself worked up is an impression that you don't trust what you are investing on. I disagree with you when you said putting a lot of money at once often bring regret because this is not true, a serious investor with a huge discretionary can purchase as many fraction as possible at a time  and there won't be any regrets but if the investor use money outside their discretionary then there will be a problem.

[IjawMan]

Yes, the point is,, we must be brave enough to start investing in Bitcoin. That's the KEY to maintaining sustainable motivation. Furthermore, if we're talking about Bitcoin, which has already reached $200,000, I think buying Bitcoin at that price is also a good idea. I'm sure Bitcoin's highest price is far more than $200,000,, but it could even reach over a million dollars in my opinion. Therefore,, even if Bitcoin eventually reaches $200,000, if we're still in the accumulation phase, we shouldn't stop buying Bitcoin. At that point, $200,000 could be its lowest price. But if we're talking about the present, it's clear that buying at the current price is better than buying at a higher price. This is because investing in Bitcoin requires maximizing our potential, whether through purchases or other means. Therefore, DCA and continue DCA until we have too much Bitcoin.

I agree with you here because this is what most people don't know about Bitcoin, they are only looking at it present performance in the market without considering the fact that Bitcoin is still very cheap if you contemplate on the value it may rise up to in the future, because if am not wrong, their was a time bitcoin was seen as extremely high at 62k, but right now it's a dip that may never come again, so my own advice here is for all Bitcoin investors to keep on buying and accumulating it now that it's still cheap and early, because in few years from now, this price may look a serious dip that may never come again, because bitcoin has the potential to rise up to a million dollar in the future.

For investors that have a futuristic overview of bitcoin price than focusing on present price they will have no reasons to bother on accumulating more bitcoin as they can,
cause with that futuristic overview of the potential value of bitcoin about 5 -10 years from now the  present price or ATH of $126,000 will be called the dip in similar way the $73,000 ATH in  March 2024 is what we call the dip today.

Looking at bitcoin price chart we still have opportunity to be in large profit accumulating bitcoin now cause the price is still cheap from a futuristic overview.