“The best time to get into bitcoin was yesterday, the second best time is today” is the rallying call of more than a few maximalists.
People new to buying bitcoin have to look at the historical data of when the “best time” to buy would have been for them. There is almost 8 years of data (it was a buy at less than $1) for the prices people have purchased bitcoin at, there have been many entry that were amazing entry points in retrospect.
Our original Trading Strategy for buying bitcoin:
So every buyer and holder needs to make sure they understand the “correct” times to buy vs. “anytime” to store value in bitcoin now. You could probably sell at some of those points last year but we don’t know how to do that.
Learn Technical Analysis
There are some basic patterns that ALL technical traders use to make decisions for buying and selling anything on a market at the correct times.
Times to buy before the price goes higher:
Find a TA on Youtube
The really lazy (guilty), just find one of the hundreds of TA traders on YouTube that go over charts and go over their price change expectations. Their videos should have months or years of calls that you can watch, with the historical price of bitcoin to see if they’re accurate.
We are fans of Tone Vays for this obviously, he has charted the price of bitcoin for years quite accurately. When the spike at the end of 2017 was happening, even at that point he was warning 2018 would be a slow year… that wasn’t a HARD call to make.
For people who don’t TA though, it always good to know what experienced traders think the price levels will look like over the next few days and weeks.