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How to Buy Bitcoin When Prices Skyrocket

Sammyesx

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Buying bitcoin when the price is very high is very risky there is no certainty that it will continue to go high, they are just predictions, and like every other predictions it might not turn out the way you think, the best and safest time to buy is when the price is low.
 

Highflyer

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As long as Bitcoin continues to dominate the cryptocurrency market, investors will always benefit from high liquidity levels. Even during periods of market uncertainty. Over the years, Bitcoin has shown a volatile yet consistent growth.Once 21 million bitcoins are in circulation, prices depend on whether it is considered practical (readily usable in transactions), legal, and in demand, which is determined by the popularity of other cryptocurrencies.
 

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Once 21 million bitcoin are in circulation, price depend on whether it is considered practical (readily usable in transactions), legal, and in demand, which is determined by the popularity of other cryptocurrencies.
When there’s 21million bitcoin in circulation, there’ll be surge in its price and the price will solely be determined by the amount of bitcoin being traded. Currently 18.4 million is in circulation and 4 million bitcoin is being traded. 18 million bitcoin hoarded is the reason why there’s a huge surge in its price. Currently from the trade charts, the last three days have recorded high sell order than buy order and Thisbe has affected its price significantly
 

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Currently the Bitcoin price has hit above $ 40k, and many people want to become new Bitcoin investors, but they don't know when is the right time to buy Bitcoin, because many experts predict that the Bitcoin price will continue to be bullish at least until the end of 2021.
Many people are looking for a method or way to buy Bitcoin, for you or anyone who wants to buy Bitcoin when the price skyrocketed, here are some of the ways that I consider the most appropriate at this time include:
1. Dollar Cost Averaging (DCA)
This DCA method is the most successful way again, because it is very easy and does not require technical analysis and indicators, this method investors only need to buy Bitcoin periodically (for example every $ 30) for a certain period of time,
2. Buy Limit Order
This method is a pending Buy order below the current price, there are several exchanges or platforms that provide a Buy Limit Order feature,
the weakness of this method often takes time, we are also not sure that we will get Bitcoin according to the price we want.
3. Buying the Dip
Buying the Dip is one way to buy Bitcoin when the price is corrected. It sounds very easy, but we have to analyze technical and fundamentals, so investors or buyers must understand several aspects such as price movements, charts.
4. Combination of DCA and Buying the Dip
This combination or combination method is often used by whales and institutions to buy Bitcoin in large quantities (but not all the funds provided to buy Bitcoin at once) and there is nothing wrong with you also practicing this method.

If you are going to buy Bitcoin which method will you choose, or you have your own method.
I do not understand understand the DCA method.

Does this mean buying in bits, as opposed to buying the amount of Bitcoin you want all at once? Like buying a hundred times in bits of $30, instead of $3,000 at once?
 

BrolySSJ

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Buying bitcoin when the price is very high is very risky there is no certainty that it will continue to go high, they are just predictions, and like every other predictions it might not turn out the way you think, the best and safest time to buy is when the price is low.
This is true, but I think that when it comes to coins like Bitcoin there is a certain degree of certainty that arises when you are actually buying the coin because you can be assured that If you are patient it will rise in price. This may happen in a few weeks or a few months or even in a few years of time. But the key is to have patience.
 

btaliat

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I used the dollar cost averaging not only it is easier, it is also stress free. I don't need to through a lot of stress befor buying. I will just save some amount of money for the bitcoin at a particular period in time maybe two months interval.
 

springtech

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U
Currently the Bitcoin price has hit above $ 40k, and many people want to become new Bitcoin investors, but they don't know when is the right time to buy Bitcoin, because many experts predict that the Bitcoin price will continue to be bullish at least until the end of 2021.
Many people are looking for a method or way to buy Bitcoin, for you or anyone who wants to buy Bitcoin when the price skyrocketed, here are some of the ways that I consider the most appropriate at this time include:
1. Dollar Cost Averaging (DCA)
This DCA method is the most successful way again, because it is very easy and does not require technical analysis and indicators, this method investors only need to buy Bitcoin periodically (for example every $ 30) for a certain period of time,
2. Buy Limit Order
This method is a pending Buy order below the current price, there are several exchanges or platforms that provide a Buy Limit Order feature,
the weakness of this method often takes time, we are also not sure that we will get Bitcoin according to the price we want.
3. Buying the Dip
Buying the Dip is one way to buy Bitcoin when the price is corrected. It sounds very easy, but we have to analyze technical and fundamentals, so investors or buyers must understand several aspects such as price movements, charts.
4. Combination of DCA and Buying the Dip
This combination or combination method is often used by whales and institutions to buy Bitcoin in large quantities (but not all the funds provided to buy Bitcoin at once) and there is nothing wrong with you also practicing this method.

If you are going to buy Bitcoin which method will you choose, or you have your own method.
pu are absolutely right. The central idea here is to buy whenever the price falls and sell when the price rises. Keep repeating this process and you are good.
However you might just want to simply buy when the price dips and them hold unto whatever you have bought for as long as it takes for the price to moon. Patience is the KEY WORD.
 

Suba

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I do not understand understand the DCA method.

Does this mean buying in bits, as opposed to buying the amount of Bitcoin you want all at once? Like buying a hundred times in bits of $30, instead of $3,000 at once?
Yeah you are right, DCA method is an investment method by buying gradually but regularly, for example every month you buy Bitcoin worth $ 30 and all year you have bought Bitcoin worth $ 360, of course with a different purchase price. this aims to reduce the risk of loss.
 

GoldenLady

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Yeah you are right, DCA method is an investment method by buying gradually but regularly, for example every month you buy Bitcoin worth $ 30 and all year you have bought Bitcoin worth $ 360, of course with a different purchase price. this aims to reduce the risk of loss.
I understand, but won't it increase the cost of transaction over time, sinve many small transactions will have to be carried out?

I definitely see the risk reduction in this method, since price changes constantly and can dip really low sometimes.
 

Ojonuyo

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Thanks for the explanation, because due to the increase in Bitcoin worth, so many persons are interested in investing and becoming new bitcoin investors but do not know how to go about it. From reading your above mentioned I feel combination method should be the best way to acquire this coin
 

Learning

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Thanks for this great information knowledge of bitcoin price above 30$ to 40$ buying cryptocurrency trading personal profit and trading tips.
 

Aniwhyte

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You're absolutely right, I read your informations over and over again and I picked a lot of points from them, what you stated are facts which cannot be erased. You are very much right on this, well done boss.
 

Suba

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I understand, but won't it increase the cost of transaction over time, sinve many small transactions will have to be carried out?

I definitely see the risk reduction in this method, since price changes constantly and can dip really low sometimes.
You're smart, of course the transaction fee increases due to repeated purchases in a fixed amount, but the fee will be included in the purchase price when calculating the profit and loss (or when you sell Bitcoin). This DCA method has been applied to stocks and now many people using this method on cryptocurrency,
 

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Thanks for these wonderful and very educative piece, since I haven't actually bought Bitcoin before, I don't really know what it means to use a method to buy Bitcoin.

From your article, the first method which you called Dollar cost average sounds more appealing to me, I will probably use it when I want to purchase Bitcoin but for now, I mainly use Bitcoin as a payment gateway.
 

Rollerkid

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I don't think buying bitcoin when the price skyrocket is a good idea, you might end up losing but you can't lose if you have patience. However, if I'm to buy bitcoin now, I will prefer using market order. I think it is the easiest and fastest for me.
 

ahmedo24

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If you are buying bitcoin when the price is high you will surely be paying high fee except from coinbase to coinbase, Secondly you may not make much profit because it is possible that the price may decrease or increase much more than it has prior to your buying.
 

BrolySSJ

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I used the dollar cost averaging not only it is easier, it is also stress free. I don't need to through a lot of stress befor buying. I will just save some amount of money for the bitcoin at a particular period in time maybe two months interval.
Is the dollar cost averaging method when you are able to purchase the same amount of Bitcoin at regular intervals? I have heard that this method is especially good because if you do so even when the price is high the low-priced months will balance off. In fact if you put 100 dollars into Bitcoin every month for the last three years, now you will have close to half a Bitcoin.
 

Lyrrex

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I do not go through all the stress you're just listed above ,when I want to invest on bitcoins or other cryptocurrency and I find out that the price is going up I'll just wait for the price to come down before I buy because I don't want to risk my money in something that I do not know how the market will be,
 

GoldenLady

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You're smart, of course the transaction fee increases due to repeated purchases in a fixed amount, but the fee will be included in the purchase price when calculating the profit and loss (or when you sell Bitcoin). This DCA method has been applied to stocks and now many people using this method on cryptocurrency,
I see the advantages of this method and I think it will work really well for small income owners too.

Buying the dip is a good method too, but trying to analyze a complex and volatile market like the crypto market won't be easy.

Any tips?
 

Ojonuyo

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Thanks for sharing this ideas. A lots of individuals in the world are very much interested in investing in bitcoin after seeing and hearing the success of bitcoin from the previous years and have come to the understanding that bitcoin is not a scam. Their major discouragement is the present price but thanks to you for sharing.
 
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