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?
i've been lurking for a long time (couple years), and imo the best strategy is to dollar-cost-average into bitcoin from the first day you decide to invest. it's not easy to know when the floor is, so if you plan to hold BTC over the long term (3-5 years), your best bet would be to start by buying every week or every month for the next year or two.