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 question of when and what amount of Bitcoin to buy depends on the investor and why they are buying, whether for a short time holding or long time holding or just to make few profits and leave the market with fear of losing what they had gained. If you are buying larger quantities of Bitcoin , then I believe you are holding for a long time vice versa.
Everyone has different strategies and goals when investing in Bitcoin. So for investors who invest in Bitcoin for long-term, they can buy at any time
when they do have extra money. Because for investors who want to invest in Bitcoin for the long term usually have a very high price target to achieve.
So there is no need to be afraid to buy Bitcoin at high prices, because their target is much higher. Then investors who will invest in Bitcoin short term,
this is what I think is more difficult and they have to be careful in determining when is the right time to buy Bitcoin. Because they really have to wait
for the Bitcoin price to drop and have to quickly sell it when it's profitable. Usually the profit target for short-term investments is around 3%-5%,
it does look very small, but if accumulated in a month will be very large profits generated. So ask ourselves, more suitable investment in the short
term or long term investment. Because only we know what is best for ourselves.