Using a buy limit order is almost the same as waiting for the price to drop to the amount you set to buy, the difference is that with the order once the price drop to the price you set, it buys automatically even if you are not online. Buying at low price is the best.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.