When Can I Invest In Bitcoin?
YES, NOW, VERY SOON BITCOIN WILL BE ON THE MOON, many times you have heard this line when you asked someone what the best time is to invest in bitcoin. But the truth is that nobody knows exactly about the movement of bitcoin.
As we all know that there are so many factors involved to accurate the future of bitcoin and its financial capacity, but no one can predict its direction up to the moon or down to the land.
Is It A Best Time To Use Bitcoin in 2018 or Wait?
The best answer is “Both” yes you read it correct, why not purchase bitcoin today and hold it. Holding is the thing that seems to have the sticky potential of managing the entire ecosystem that is bitcoin, the first ever peer to peer and decentralized blockchain cryptocurrency application.
Before buying and holding remember one thing:
Don’t invest more than you can’t afford to lose.
Because bitcoin is a risky investment and price can come down after you purchased.
What Strategy Should I Follow To Buy Bitcoin?
There are so many strategies which can be followed to buy bitcoin but dollar cost averaging is one of the best strategy followed by most investors.
Using this strategy doesn’t allow you to place one big order you will place order with a fixed amount each time. You can buy it monthly, weekly or daily, depend on your investment.
The benefit of using this strategy, it will average the price of your investment when you purchase more bitcoin and the overall price of the bitcoin will be lower than the current price.
What Is The Best Time To Invest In Bitcoin?
Now you have a clear idea to use dollar cost averaging strategy, the next question is when the best time is to enter in the market, the answer is, buy bitcoin when the price is lower than the average historical performance. You can use moving average indicator to know the best entry and exit points.
Cryptocurrency market is highly volatile, and nobody know what will happen tomorrow or even in the next hour. Investment in the crypto market can be good or bad, you can make good profit on a good day but on the other hand, you can also lose your all investment.
If you are using any other strategy to buy bitcoin than share with me.
Happy investment...