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Ask HN: When is a good time to invest in Bitcoin

• lildata 6y ago
  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 https://en.m.wikipedia.org/wiki/Dollar_cost_averaging
  • notadog 6y ago
    The website dcaBTC.com provides some useful information and a calculator/charts about dollar cost averaging bitcoin: https://dcabtc.com/ https://dcabtc.com/
• wmf 6y ago
  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://www.blockchaincenter.net/bitcoin-rainbow-chart/ https://bitcoineconomics.io/beam.html 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/ https://digitalik.net/btc/
• tehsnitch 6y ago
  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.
• Proven 6y ago
  Bitcoin is hopeless, stay the hell out. But I know you won't because you need to get rich quick.