When should I buy Bitcoins?

[MarkRoberts]

The most asked question by every newcomer is that “Can you tell me the right time to buy Bitcoin?”. The problem is, there are no correct answers for this question because it is solely dependent on the intent and reason that you’re buying Bitcoins for.

If you’re seeking to get into Cryptocurrency trading, want to trade bitcoins, and are in it for short-term gain, you’ll have to get in touch with various cryptocurrency trading methods and try to analyze the market.

Suppose you’re seeking to get into the Cryptocurrency ecosystem, and you want to support Bitcoin’s for its principles, technology, and future. In that case, you have two options: DCA or buying it regardless of the price.

You can invest a defined quantity of your money, into Bitcoin, in an orderly period. For example, you can buy $100 of bitcoin every week instead of investing a larger sum of money in one day; this strategy will help you buy bitcoins for the long-term and protect you from losing all of your money. Or you can buy it regardless of the price it is at right now because, in the long term, the price is expected to go up, making these differences unimportant.


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