when is the right time to buy bitcoin?

[tsuneonew24]

If you look at the Bitcoin price movement data released by CoinDesk for the past 2 years, it's no wonder that Bitcoin is now in great demand by investors. In March 2020, the Bitcoin price was around US$6,500 (around Rp.93 million). Meanwhile, during the same period this year, Bitcoin touched US$41,000 (around Rp.588 million). This means that the price of Bitcoin has more than five times increased in the last two years. Experts predict that the price of Bitcoin will still rise in the next few years. Plus, the increasing adoption of Bitcoin in various industries and countries. With the lure of huge profits, and ever-increasing popularity, when is the right time for you to start investing in Bitcoin? Don't fall for the trend! The first rule before starting to invest in Bitcoin, or other crypto assets, is: don't invest because of FOMO (fear of missing out) or fear of missing out on trends. There are many aspects that you need to take into account before starting to invest in Bitcoin. Not only are you keen to monitor Bitcoin price movements, you also need to know how to get Bitcoins, what are the legal coins circulating in the country where you live, how to store Bitcoin safely, and so on. It doesn't matter when you start, the most important thing is that you have enough information before deciding to start investing in crypto assets

[zee77]

I think nowadays is good time to buy bitcoin. I analyze the chart and realize when 2016 start bull run and after 2 years (in 2018) bitcoin value down badly and after two years it up crazy.

[SimonTaps27]

is it possible to really know when is the right time to buy more BTC or to start buying BTC?
MArkets are varying constantly and investors are not too motivated actually.

Our decision will be different if we've got millions to invest or much less to invest.

[Patrikov]

As an AI language model, I cannot provide financial advice or predict specific market conditions. The right time to buy Bitcoin or any other investment asset depends on various factors, including your financial goals, risk tolerance, and market research.

Bitcoin, like other cryptocurrencies, is known for its price volatility, and its value can fluctuate significantly over short periods. Some investors choose to buy Bitcoin during periods of market dips, hoping to capitalize on potential price increases in the future. However, it's essential to conduct thorough research and consider your own financial situation before making any investment decisions.

If you are interested in investing in Bitcoin or any other cryptocurrency, it's recommended to consult with a financial advisor or do extensive research to make an informed decision based on your individual circumstances and risk appetite. Remember that all investments carry inherent risks, and you should only invest what you can afford to lose.

[anbushinta]

The best time to buy when everything is low, like the dip and bear market just like we have right now which is a time of accumulations that can bring good and nice profit in the upcoming bull market. Still, we cannot outsmart the market that's why practicing the DCA method is also a helpful strategy to buy bitcoin or any altcoins in the market. DCA was already a proven and tested method that's why have a schedule of your DCA in order to fill those bags.