The perfect time to buy bitcoin is always now. Once you understand the reason for bitcoin. Since the beginning of June, Bitcoin price has been stuck in the $19,000 to $21,000 range. Many people who had planned to buy Bitcoin after his third Halving are now waiting.
The questioning that prevents these people from taking action is quite simple:
Should I buy Bitcoin when its price is around $19,000 or should I wait for it to drop to take advantage of a better opportunity?
This question is often asked. I always see a lot of people asking when is the best time to buy Bitcoin.
Some would even go far to ask what is the best day or month to buy bitcoin .
understand the reason for Bitcoin
In my opinion, the most important thing before you can answer this question is to understand the reason for Bitcoin. Many people will buy Bitcoin without understanding why Bitcoin was created. If you don’t make the effort to understand the problems that Bitcoin wants to solve, you can never be convinced of the need to buy Bitcoin.
So the secret is to understand what Bitcoin really is.
This is not such an obvious thing, because more than 90% of people who buy Bitcoin for the first time are simply attracted by the financial appeal of Bitcoin.
This is understandable, because Bitcoin has been the most profitable asset of the past decade.
Bitcoin posted an extraordinary performance of +9,000,000%. Logically, this attracts a lot of people.
So there is nothing wrong with people coming to Bitcoin in this way. What matters is that afterwards as many people as possible make the effort to go further to discover Bitcoin, before being convinced that it is an essential solution for the world of the future.
Moving from the financial appeal to the belief that Bitcoin is a revolution is something harder. Many people stop after a first purchase of Bitcoin without understanding that Bitcoin is much more than a cryptocurrency.
Bitcoin is the money protocol for the Internet. Those who understand it don’t waste their time looking for the next Bitcoin. That would be like looking for the next Internet, and it would make no sense.
Bitcoin is here to stay, and if it has any real shortcomings right now, they will be fixed over time by the highly talented developers that work each day for improving Bitcoin.
By reaching this level of understanding, you will be able to know when is the perfect time to buy Bitcoin.
There is no such thing that a perfect time for buying Bitcoin
The perfect time in life is a rather contradictory concept. I sincerely think it is a utopia to believe that there is a perfect time to take action in life.
Rather, I believe that it is up to you to take responsibility and then make your actions successful.
So there really is no perfect time to buy Bitcoin. That’s like saying that every moment is a perfect time to buy Bitcoin. If you believe in the Bitcoin revolution, you can buy Bitcoin whether its price is $69,500 or $17,500.
While Bitcoin price is $21,300 today, many people are waiting for a possible drop in the $16,000 range to buy Bitcoin.
By doing so, you risk never buying it, and thus missing out on the Bitcoin revolution. You have no short term guarantee on the Bitcoin price. That is the reality.
Bitcoin price may drop into the $16,000 range in the coming days or weeks, just as it may never drop below $8,000 again, and may rise well above the $21,000 range, which is a psychological barrier at the moment.
There is a great deal of uncertainty at the moment, and you will find as many bullish supporters as bearish supporters.
So from my point of view, the best thing to do is to take action now by buying Bitcoin for the first time. Buying Bitcoin today at $20,300 doesn’t mean that you won’t be able to buy more if the price drops to $17,000, or $16,000.
You would simply be guaranteed not to miss out on the Bitcoin revolution by sitting on the train platform waiting indefinitely for a hypothetical better time than now.
Adopting a DCA strategy with Bitcoin is a great thing
This mentality of considering that the perfect time to buy Bitcoin is always now can be found in the Dollar-Cost Averaging (DCA) strategy. This strategy, which is also applied in the world of traditional finance, consists of buying Bitcoin with a fixed amount of money on a periodic basis.
I have been doing this personally since I discovered Bitcoin.
This allows you to avoid the constant question of when is the perfect time to buy Bitcoin. You don’t miss out on the Bitcoin revolution, and then all you have to do is HODL your Bitcoins no matter what.
You accumulate Bitcoin, and you can spend your time learning more about Bitcoin and the economy to really take care of your future.
This strategy is reinforced by the chart showing Bitcoin price evolution since 2010:
Bitcoin prive evolution over the past decade
Currently, the number of Bitcoin users represents no more than 0.5% of the world’s population.
For the Internet, it was the same in 1998. A little more than twenty years later, nearly 60% of the world’s population uses the Internet.
This clearly shows you that Bitcoin is still at an early stage. Its growth potential remains phenomenal, especially since its excellent fundamentals are being reinforced by the economic crisis we are currently experiencing.
In the months and years to come, more and more people will be looking to preserve their wealth as best they can, while resisting censorship as best they can. This famous censorship of the current system, which sees banks able to freeze your assets at any time, or block some of your transactions.
Bitcoin is the perfect answer to these problems.
It is therefore obvious that more and more people will use it in the future to protect themselves from the growing uncertainty in our world. Bitcoin is a hedge against uncertainty.
Conclusion
Whether you buy Bitcoin at $25,000 or $10,000 will not make that much of a difference in the future. Either way, you will be seen as a genius.
You can rest easy. Consider that the perfect time to buy Bitcoin is always now. All you have to do before then is to understand what Bitcoin really is. Then everything will become natural to you.
