After the recent news re. BTC China and regulators crackdown on cryptocurrency trading, we all know which direction bitcoin and alt coins are currently heading. I wish to buy Bitcoin and Altcoin when they hit the floor, but i am unsure of when the right time is to enter?
For me, the best time to buy bitcoin is when it is experiencing a crash. If bitcoin crash, its price will decrease and thats your time to buy as much as you can. In that way, you can buy a huge amount of bitcoin because of its lower price. After that, keep and hold your bitcoin until the price of bitcoin increase again. Sell your bitcoin if you think that the profit you can gain is enough for you. The longer you hold your bitcoin, the larger the amount of profit you can gain.