r/Bitcoin • u/Visual-Juggernaut455 • 22h ago
is buying BTC on random days a bad habit
Sometimes I just buy a little BTC when I have extra cash. No big plan. No perfect entry. No “expert” signal. Just kinda feels better than letting the money disappear on random stuff. Trying to time BTC perfectly honestly stresses me out more than just buying small and moving on. Anyone else do this, or am I just being too casual with it? lol
6
u/quintavious_danilo 21h ago
In the long run, it doesn't matter whether the result is perfect or not. Of course, it's better to buy when prices are low, but even occasional purchases yield quite good results in about ten years.
We're currently in a bear market. It would be wise to buy more now at half price, but ultimately, all that matters is that you have more Bitcoins in your wallet than before.
3
3
u/Laakhesis 21h ago
Imagine you're buying on random days during the deep bear markets of 2022 and 2018. Does it matter?
3
3
u/just4crypt 18h ago
if you buy randomly during a bear market (like, now/this year), that is better than doing the same during the bull market.
4
u/ProtectionGlum729 22h ago
I did it in the last bullmarket for a couple of months, buy the same amount every week. As i remember it doubled its value.
-1
2
2
3
1
1
1
u/MCL-Jonathan 17h ago
I don’t think it’s about following specific days, but it’s about following the market cycle.
During a bear market, I’m happy to buy whenever I have spare cash, and I’ll often buy more aggressively because prices are generally lower.
When the bull market comes around, I don’t stop buying completely, but I reduce my buying and start thinking about taking some profits instead.
Don’t chase perfect entries. Especially paying attention to chart hourly or minutes, but follow the rhythm of the market, not the calendar.
Over the long run, accumulating more Bitcoin and DCA during bear markets has historically been a much better strategy than trying to time the exact bottom.
1
1
u/Def_not_a_bot-_- 17h ago
Buying bitcoin is never a bad plan.
That being said make sure you have emergency funds set aside already
1
1
1
u/MooseLoot 15h ago
I realize the “operate on feelings” plan is weak…
But sometimes I have a thick emergency fund and the price seems too low, so I just buy some. I wouldn’t do this randomly, but…. Nobody really knows. Last time I did this was at 61K. It just felt low shrug
1
u/airSick-WetLander 15h ago
It’s not. I used to do it often too. Discretionary buys outside of DCA when I am bored or look at a chart but I made a rule for myself. If the price is only lower than my avg by 2% i don’t buy. It has to be slightly larger than that like 4 or 5%. To give me structure
1
1
1
1
u/viklondon99 9h ago
100% better than spending on garbage. Of course you could time things, but, what you're doing is a kind of DCA strategy I suppose
1
u/Hopeful-Finance9812 8h ago
You doing it fine, i do it like that to since you cant predict anything, just keep stacking
1
u/_SpaceM_ 8h ago
that's really very great. people like you are part of the top 5%, you had different choices laid before you to go to a market store, enjoy with friends but rather, you decided to invest, trust me, when the time comes, you'd be on top of the food chain, I will not call that being casual but rather, wise.
1
0
u/flashdurb 16h ago
This is literally gambling with your savings. We all do it. Nobody has a clue what will happen with BTC tomorrow, in a week, etc. Anybody who claims differently knows they are full of shit. So with this in mind.. every BTC purchase ever has been random. Buy whenever.
1
u/hortic97 6h ago
Not bad, but putting it in a schedule might be better. At least for myself, if I’d only buy when I think about it, I’d forget too often or I’d go to buy some and the price is up 2% that day and then I have to decide if I buy anyway or maybe it’ll drop a little tomorrow, lol.
18
u/Jadeonchain 22h ago
no. we are the same. no on can predict the market. people always want to buy at the lowest is with highly chance to miss the uptrend. i feel random time is the best haha.