It is Always a Good Time to Buy Bitcoin.
When is a Good Time to Buy Bitcoin?
I am constantly asked if it is a good time to buy Bitcoin. My reply is simple, "always be buying". Some folks like to buy all at one time but I prefer to break up my purchases over time.
Why is buying Bitcoin over time a good idea?
If you break up your purchases over time you decrease your risk. Bitcoin is a volatile asset and as you see it can have wild swings. So if you buy every week regardless of the price you decrease your risk and anxiety.
Same concept as in stocks. Best performance comes from holding long term and buying regularly
Cost averaging is probably a good bet. But as over the long term people think it will reach 250k per bitcoin or more when to invest seems a bit lost in the noise for a long term hold.
Cost averaging is a proven method of buying when the asset acquired is in a long term uptrend.
If BTC reaches the value you mentioned, buying it over the next 3-4 years in increments will make a lot of people very wealthy.
I've following this passive indexing strategy, combined with cost averaging and the new concept in crypto of owning the millionth of supply. It has yielded me great results with managed low risks. Please let me know what you think? https://steemit.com/bitcoin/@cryptoeagle/what-percentage-should-you-invest-in-each-cryptocurrency-to-become-a-millionaire-a-guaranteed-winning-strategy-updated-8-19-2017
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Meep you meep hahah
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Wow, I can't believe Bitcoin made it onto Family Guy. To bad its a skit where Peter makes it sound like an awfule "Peter" type of idea. Lol
As prices continue to go through the roof I continue to think months ago was the best time to buy bitcoin!
http://www.FlippyCoin.com is the #1 Cryptocurrency Exchange!
oh
Ive been buying BTC since 2015 ! HODL
Yaay!
NICE!
Yes, but which is the real Bitcoin? Legacy Bitcoin or Bitcoin Cash?
Bitcoin Cash already had the longest chain and frequently has half the hashrate of the legacy chain? Not to mention there is a very real possibility of a third Bitcoin chain if the 2x hardfork goes bad in November.
Last year, I would gladly tell everyone in my family, and everyone I met, to check out bitcoin. But today, I don't do that anymore due to all the drama and uncertainty.
It's sad thing to witness the division within the community over the scaling issue. I honestly thought we would never see two competing bitcoin chains, but here we are.
I don't think I will ever buy a bitcoin. Mostly because I have fallen through the cracks of society.
However, my thoughts have been on how to earn bitcoin.
Things like steemit are great.
But making a business where people send you bitcoin all the time would be even better.
If you create decent content on steemit you can earn steem and convert to bitcoin. The biggest bloggers earn up to $1000 for really good posts. Build a following, Make a couple of those sort of posts and you'll have over 1 btc in no time!
Absolutely, reminds me of a recent video by @oceanica who basically said at Bitcoin's current price it's hard to say what will happen in the near future, therefore he recommends finding ways to earn it instead of paying fiat cash for it (although I believe as @hilarski implies, it's always a good long term investment).
Just paste into youtube "Bitcoin's near $4,000 - Why I'm NOT Investing Anymore! " and you'll see it, I'd post the link here but for some reason Steemit removes all text whenever I post a YT link in a comment.
This is gold standard material.
The program part that interprets links messes up with youtube links.
You have to put them on a separate line and often separated by a blank line.
Then it will put a player in your comment.
The better way is to put it into an href
<A href="https://www.youtube.com/watch?v=28HfAI2Ka3U">https://www.youtube.com/watch?v=28HfAI2Ka3U</A>You can replace the second url with the title, or whatever text you would like to have highlighted.
I am actually implementing this advice for all cryptocurrencies. Buying over time and playing safe.
The best time to buy Bitcoin is ANYTIME.
There is never be late to invest in cryptos.
Excellent post ( upvoted and resteemed)
Oh really? I hope to buy more bitcoin soon, then.😁😁
Over time and not with impulse. Actually thinking you might wanna wait a little bit if you want to invest in Bitcoin right now, till things balance itself out a little more.
Very interesting post. I have buy some bitcoins one month later. hope for better bitcoin future.