HACKER Q&A
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When is a good time to invest in Bitcoin


I'm looking to get into bitcoin but don't want to lose money right away. When is a good time to buy into it?


  👤 tehsnitch Accepted Answer ✓
Follow the sane advice and dollar cost average - set aside a small amount each week, say $50, and use that to buy btc no matter what the price is. Have a plan to hold the coin for a certain amount of time say 2 years or when it reaches a certain price threshold say $20k. This way you are getting some exposure, with greatly reduced risk compared to dropping the whole lot in at once.

👤 wmf
One thing you can do is look at historical trends and buy when the price is near the bottom of the band (which it is now):

https://www.blockchaincenter.net/bitcoin-rainbow-chart/ https://bitcoineconomics.io/beam.html

Or you can use a stock-to-flow model and buy when the price is below the model's prediction:

https://digitalik.net/btc/


👤 lildata
Simple answer is : when the price is low. If you don't wanna wait or have to figure out the if & when, dollar cost averaging is the most basic strategy https://en.m.wikipedia.org/wiki/Dollar_cost_averaging