At one point or the other, we all need to buy bitcoin, but when do you actually buy it? or when is the best moment to buy bitcoin?
For example, should I save some cash to but bitcoin when there's a 0 -15% dip? or should I wait till there's a major drop of >30%?
Is DCA the only way to buy bitcoin? What if I invest in an altcoin that booms and then take profit from it to buy more bitcoin?
What is your strategy to buy bitcoin?
The key on when to purchase BTC is to study the market and analyze its price depending per weeks or days.
Currently, the price of BTC skyrocketed from $54,000 to $58,000 within a matter of hours. With this kind of gain, it is relatively safe to assume that its price might decrease again and find its normal range. But since the price also broke the $60,000 barrier last month, that should be your 'maximum' price that you should consider investing. Today is a good time to purchase more for long-term HODLing. Again, this is purely based from price history market which should be one of the factors in considering your decision to either purchase/sell your resources.