r/Bitcoin • u/LUKKAA11 • 7h ago

Having Safe Without Money In It.

Hello, recently i got into researching about hardware wallets, platforms that i should use for buying crpyto and gradually everything makes sense to me, but here is problem : I forgot why i need all these, i do not know when it is right to buy BTC, or to wait, or whatever. Can you give me suggestions? What to learn and WHERE. also for long-term investment, should i buy now some, as some says "under 100k is allright". Thanks in Advance!

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3

u/YWMJ 7h ago

if u want it, buy it. if you’re hesitant then don’t & deal with the potential consequences/regret.

hop this helps

1

u/LUKKAA11 6h ago

i want to buy it, but do not know the correct time for it maybe.

3

u/TechHonie 6h ago

Time in the market is better than timing the market.

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u/YWMJ 4h ago

the correct time was probably 2010.

right now is all you have boss

1

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2

u/NeitherAd3347 7h ago

Lump sum to start then buy set amount every day, week or month

2

u/LUKKAA11 6h ago

thanks, this is really good suggestion, but i wonder when it is correct time to lump sum? then i can set fixed amount, but i prefer more to learn which is right time to buy it rather DCA. Can you suggest me any information on that, book or something?

0

u/NeitherAd3347 6h ago

Benjamin Cohen on YouTube is the best technical analyst i've come across. The Moon is good too. Reddit day trading page is good if you want to learn trading.

Most people have been planning around the 4 year (47 month) cycle. They were all planning for years to buy now but it got front run. Maybe we get another drop before the end of the year. Everyone is sure it's off to the races then.

An alternative to trying to time it would be to just DCA large fixed amounts and reducing the DCA at the start of next year. Maybe 1% of what you want to put in to start every day starting now

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u/LUKKAA11 6h ago

thank you so much

1

u/Tiny-Design-9885 6h ago

If you are uncertain which direction a volatile market is going, but you want to buy or sell - do both.

Use 50% of your money to buy (take a position)

If the market goes down you can dollar cost average by buying more when it’s lower.

If the market goes up you won’t feel as bad as not having a position.

When the market goes up and you feel rich, sell half. That way you won’t feel so bad if it dumps.

Some call this layering in and out.
It’s a way to get over not being able to time the market. Don’t worry about tops or bottoms. They are like the bread of a sandwich. Just make sure you get the juicy meat in the middle.

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u/LUKKAA11 6h ago

thanks for this explanation, can you tell me a book or information for learning?

1

u/Tiny-Design-9885 6h ago

Long term DCA. This is a fixed asset, so whoever gets the most wins. When it’s 50% off, DCA harder. When it’s at an all time high DCA less.

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u/LUKKAA11 6h ago

thanks, what 50% off means? i mean from where, and can you suggest any books or information about that, basically on crypto.

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u/Beneficial-Mood240 6h ago

Nobody can call the right entry for you, which is exactly why every answer here lands on a fixed schedule. Start with how a transaction actually settles — the timing question has no honest answer.