Buying Bitcoin used to be a real headache, but not anymore.
With the introduction of new mobile and web services, people can now easily purchase cryptocurrencies in minutes from nearly any place on earth. Yet, most of the available providers offer unfairly high rates and commission.
Bitcoin is known for its volatility, a double-edged sword that has turned some investors into millionaires very quickly while burning others along the way. If you are planning to purchase the cryptocurrency world, then the obvious question left is when the right time to do it.
If you bought Bitcoin in December 2017, then most likely ended up on a loss. On the contrary, if you bought in January 2019, you could be sitting on a considerable profit. So, what is the best time to buy bitcoin? What indicators should you turn to for near-accurate analysis?
Let’s face it.
Bitcoin trading is now a top needed skill in financial settings.
Knowing the right time to place a buy or sell bid is important in making profits as a crypto trader.
Also, having knowledge of technical analysis isn’t a bad idea as well.
Before now, financial investment did not include cryptocurrencies.
But now that they do, everyone wants to know the best time of the day to buy Bitcoin.
Since you have also decided to diversify your investment into Bitcoin (see our opinion on the top 10 undervalued cryptocurrencies), you are practically buying currency like the pounds and Euro. However, there are some particular strategies one has to adopt before you can invest in cryptocurrencies such as Bitcoin.
Bitcoin is not a company or a stock.
It is a virtual currency.
If you still don’t quite get what Bitcoin is, you may wish to defer to the plethora of videos online and articles on this site in order to get a clearer understanding.
So, when you finally decide to invest in crypto, you are essentially buying a currency like the US Dollar or Euro. However, there are also some specific strategies for investing in BTC.
With surging interest in this newest and most exciting asset class, many new investors are curious as to what times might be the best to make purchases in cryptocurrency markets.
On the surface, this question might seem like a strange one.
After all, markets are so complex that there’s rarely a stable right or wrong time to buy in that could apply to everyone.
Imagine asking someone what the best times to buy stocks or commodities are and expecting to receive a straight answer that you could mark on your calendar.