In this ever-evolving world, the methods of investing in commodities are evolving as well. It has evolved up to the extent of investing in digital assets which do not have a physical existence and along these lines, Bitcoin has emerged to be one of the most significant digital assets globally.
Based on decentralized blockchain technology, Bitcoin reached new heights in the past couple of years and made traditional traders wonder about the rise of cryptocurrency.
Right Time To Buy Bitcoin Explained
But some of the major questions that arise are when to buy Bitcoin, which is the right time to start investing in Bitcoin?
Should one invest in Bitcoin now or wait for the market dip? In this article, we are going to discuss some of the key aspects of buying Bitcoins, what is the best time to buy BTC, and what are the things one should keep in mind before starting to trade in Bitcoin.
Points To Consider Before Buying Bitcoin
There are a few things every Bitcoin trader must be aware of to avoid some major losses while investing in Bitcoin.
Knowing about the hype which is usually created around the coins is critically important and understanding the reasons behind such hypes will help you avoid any unwanted situations.
Taking time to read through the trends of highs and lows and predicting the movement of graphs on the bases of tangible evidence rather than some news can go a long way.
Another important aspect that one must consider before buying Bitcoin is its past trends as buying at a peak could result in a long-term loss if the price does not move up from there.
Best Time To Buy Bitcoin According To Economists
Economists have always been skeptical about the real value of crypto assets due to the high volatility in their prices; however, things have changed in the recent past and economists are learning more about the technology behind the ever-changing trends of Bitcoin.
After observing various trends over the months, they do not claim to predict the highs and lows in the market but according to them, the highest change in prices is seen over the weekend when the graph moves quickly and other swings are observed in the starting of the month and festivals.
Best Time Of Day To Buy Bitcoin
Claiming the knowledge to predict the best time to buy Bitcoin exactly can never be the truth as it changes every second and some external factor affects the prices on a regular basis as well.
However, if you go through the trends of Bitcoin prices a clear drop is visible during the specific hour of the day that can be utilized to buy your Bitcoin assets.
As per our research buying from 11 PM to midnight and in the afternoon can result in a significant short-term hike in the portfolio as the prices at that time hit their bottom.
Should You Buy The Dip And Sell It High?
A big yes, Why not? The key principle of traditional trade is to buy a commodity at the lowest possible price and sell them at the highest possible price will result in the highest possible profits.
You can put this method into any kind of trade and it assures a profit if implemented correctly. If you are planning to start your crypto journey, a Bitcoin dip could be the best time to start your Bitcoin investments as the prices are supposed to rise due to the hyper buying during the dips.
Investing in dips and then selling high is one of the safest strategies out there and is extremely unlikely to fail.
Can Bitcoin Hit A New All-Time High In 2022?
From all the things that Bitcoin has taught, never say never have become critical to its nature.
Nobody expected Bitcoin to reach its present heights. All the traders who held their assets during the dips took a significant profit from their Bitcoin traders and hence Bitcoin is still one of the most valued cryptos present in the market. But will it reach new heights?
Most probably yes, with new investors coming on board every day, markets are recovering from the pandemic with a boom, and bitcoin is supposed to reach a new all-time high in 2022.
While trading Bitcoins, we all faced the dilemma to choose the perfect timing for our investments. Choosing the right time of investing could be the deal-breaker for most of the traders out there and result in a fruitful portfolio.
In this article, we tried our best to provide you with the right information regarding the best time for buying your Bitcoin assets.
We hope that this article will assist you in taking the right decision during your next trade and making a significant profit.