There's no right time to invest in Bitcoin other than investing when your discretionary income is available, but if you see anyone that's waiting for the right time to buy Bitcoin, just know that the person isn't buying Bitcoin with a long term mindset, and the person will have to wait to buy Bitcoin when a dip occurs so that it will enable the person to sell his Bitcoin once the price of Bitcoin starts increasing.
Your comment is very vague.A person can start investing only if he has a source of discretionary income. Many people have their own income through which a person can invest but cannot continue to invest consistently or in the midst of a financial crisis, he sells his holdings. To maintain the continuity of investment and to keep the investment stress free, one should invest with discretionary income. Discretionary income is the amount of money that you have left after deducting all your expenses, that is discretionary income.
The right time to accumulate Bitcoin is when your discretionary income is available, Bitcoin is long time Investment so it's not what we should rush into if we are yet not prepared for it you and Nightwatchmare are almost saying the same thing here if we still struggle to figure out our discretionary income we should not try going into bitcoin investment, so the right time to invest in bitcoin and start accumulating Bitcoin is when you have figured if you have your discretionary.
You are absolutely You should only invest in Bitcoin if you have discretionary income.Although Bitcoin has become a much more profitable investment space over time..But since its price fluctuates very quickly, we should invest here for the long term and this is what all the discussions are about here.
And before investing in Bitcoin, you must have a proper understanding of Bitcoin.What is most important is fund management. It is important to ensure that there is a regular cash flow.Then, after the reserve fund emergency fund is created, regular survivors will have to invest in Bitcoin only after a long time.And it is very important to maintain the right balance between daily expenses, emergency funding, reserve funding, and the money that is being invested in Bitcoin.
Fair enough, and for me I always tell anyone who is desirous of investing in bitcoin that it’s better you get started first, even though your understanding In bitcoin investment isn’t too much yet, but as long as you have your discretionary income to invest with, then why not go ahead and invest, along the line as you continue your investment, surely you’ll learn more about bitcoin investment with your ongoing accumulation and hold. A lot of folks probably find it difficult investing in bitcoin simply because they feel they don’t know enough or maybe they don’t have proper understanding of bitcoin and because of that they can’t invest. There’s no specific time of the year meant for bitcoin investment, no summer, no winter. The only time is when you’re able to figure out your discretionary income to start your bitcoin investment. You must not have everything figured out by trying to have a proper understanding of bitcoin investment before you can start investing. Get started first and you’ll understand more properly with your ongoing investment.
@Rukyeri, you Made a valid point but where I find it quite misleading especially to the newbies who are desirous of investing in bitcoin is where you said “before investing in bitcoin, you must have a proper understanding first before you start. For me I think it will put some fear in the mind of many folks who wants to invest but they feel they must have a proper knowledge or understanding of bitcoin before they can start and at such they can’t start with their investment first even when they have the discretionary income to do so. That time they are trying to get the proper knowledge would have been used to accumulate a reasonable amount of bitcoin stash in their portfolio.