Quote from: Barikui1 on November 03, 2023, 02:14:02 PM

The growth of Bitcoin over years have made it one of the most sorted after asset in the world right now and to me it's a lifetime opportunity that needed to be seized,

So my question is when is the best time to buy Bitcoin?

Many people that have been into the industry before I even came in have mostly suggested the DCA method, some advice I allowed it to drop to my convenience price before I buy.

As a newbie I feel the DCA method is the best base on my own perspective of looking at it on the long term, I don't know if anyone have any better opinion? Because I believe in the hype that this forum is filled with knowledgeable people about cryptocurrency.

Well i believe the surge is kinda down for now and it’s always advisable to buy the dip to accumulate more profit if you’re buying for a short term. But if you’re buying for a long term it’s advisable to buy voluminous amount of bitcoin so the wait can really worth it. Buying bitcoin is complicated when you don’t know how bitcoin market works. But one thing for sure is not to buy when the market is high, for instance bitcoin is down almost $20000 lower than all time high and definitely bitcoin always double it price whenever the market is going up. So it’s advisable to buy this dip because the higher bitcoin goes the higher the dip will always be, today dip price has once been all time high long ago, joining earlier will always be the preferable option.
The best time to buy Bitcoin is when nobody wants it, just like the crash in march of 2020 where people sold heavily through exchanges like Coinbase, Primexbt, Binance, Kraken etc… with prices going as low as 3200 per 1 Bitcoin. This is when people should stock up heavily on it but the problem here is human psychology as it is very hard to make yourself to buy something when things look bleak. The problem now when we are in a bull market is not to FOMO as there will definitely be corrections on the way up. And when you see a such correction then it may be a favorable time to buy Bitcoin. Keep in mind that Bitcoin may go for a prolonged time without experiencing corrections especially in strong bull markets like the one we are now