Post
Topic
Board Economics
Re: When do you buy Bitcoin ?
by
freedomgo
on 06/07/2016, 06:33:37 UTC
Just wondering when everyone buys bitcoin, weekly, monthly or just on the falls?  thinking of setting up something regular to ride out the waves.....  Grin

The price of bitcoin is the most unpredictable thing in this world.Because of its primary characteristics no one can tell what will happen with except rare cases (such may be halvings). It is decentralized (so no one can take care of it to help in achieving the staying in a given level) and is yet child (and is such is "capricious" and do what want; if old and mature will be more restrained and cannot go so fast up and down without any kind of rule). Having those in mind the only thing that can be made (at least that is what I do) is to buy every day on every various period little quantity of it. In this way you will not "feel" the costs and will have always more an more.
Buying bitcoins is the best thing you can do the right time to buy bitcoins in right after the drop because the price of the bitcoin will always rise a bit so when you buy bitcoins right after a drop
you gave enough time to wait till the price rise again.
Anytime you can buy bitcoins because the price is still young and we can still see a good price in the new future, you can buy bitcoins anytime but what is important is we can hold bitcoins longer.