How to Buy Bitcoin When Prices Skyrocket

[Grandeur]

Bitcoin is already a "rich man" coin as it's market price is already a big amount if it may be out that way so I don't normally advise new investors to start with Bitcoin but lower value coins like eth,Sol, etc then buying during the dip usually gives profit when it rises.

 

[Sincerem]

Well, it is still of great importance that intending investors should stick to buying crypto currency which are quite stable and with a tendency to rise in the nearest future. A good way to invest in crypto currency is by going into crypto currency trading which involves the buying and selling of your crypto currency by taking advantage of the high volatility nature to make profits .

 

[Mayox25]

I think what you stated is meant for those who are trading the market they are the ones to know the timing to do any of these during a bullish run. For those who aren't trading wait for the dip and buy after that when there is a bullish run sell.

 

[Sotherefore]

I think what you stated is meant for those who are trading the market they are the ones to know the timing to do any of these during a bullish run. For those who aren't trading wait for the dip and buy after that when there is a bullish run sell.

Yes , that is true , you can't buy cryptocurrency for investment at the highest peak of a crypto charts because it will definitely retrace back. You just have to learn about your support and resistance , that is all.

 

[Chibson]

Dollar cost averaging is one of the best methods in which people can use to invest in cryptocurrency and make some good amount of profit at the end of the day. This method is effective when you are investing in cryptocurrency. Even if you make losses it will be minimal.

 

[tyrim88]

think the best way to buy Bitcoin now is to buy the dip. According to analyst, most of the coin going up at the moment will soon find some corrections point and drop back and that's the best time to give the coin a support before it start another bullish run. Other coin you can also buy include litecoin and Bitcoin cash.

This has bee the method i usually prefer to do trading with,because when the value of a crypto enter into a dip,that is definitelly the right time to buy and then keep for future appriciation,or even sell to get good returns.

 

[Sotherefore]

When the price of a particular cryptocurrency is up, we have to be careful, buying it at that time might be risky as the market might likely drop. Which means our asset could depreciate in value

 

[Lynaia]

This thread has been posted since January last year, which shows nobody can predict cryptocurrency. Because from $40k then has been going down since beginning of this year

 

[Alisco]

The DCA has always been my option right from time, definitely the best because one needs to buy certain amount of btc at intervals. Using the buying order may require you to wait till the values decrease so that you can purchase but i see this as a waste of time.

Your idea of reviewing and monitoring the rise and fall in the price of DCA is the best, you buy DCA when there's a shift back from the initial price. I think right now is the best to invest in DCA