Bitcoin cs Drops, This is the Right Time to Buy Crypto according to the Crypto Academy

Bittime - In the last few weeks, the prices of Bitcoin and other altcoins have experienced a drastic decline. In the midst of this uncertainty, many investors are looking to find out when is the right time to buy crypto. 

According to the Crypto Academy, moments like this can actually be a golden opportunity for smart investors. BHere are some strategies and considerations to determine the right time to buy crypto.

Why Are Crypto Prices Plummeting?

Before getting into the main discussion about the right time to buy crypto, it is important to understand the reasons behind the decline in crypto prices. Several factors that influenced this decline include:

Regulatory Policy

Regulatory uncertainty in various countries often causes price volatility.

Market Sentiment

Negative news and bearish sentiment can lead to mass selling by investors.

Market Correction

After a period of significant increases, the market often undergoes a correction to adjust the value of the asset.

Read also: 5 Crypto Assets Worth Buying During a Market Crash

The Right Time to Buy Crypto

According to Crypto Academy, there are several indicators and strategies that can be used to determine the right time to buy crypto:

Technical Analysis

Using technical analysis tools such as Moving Averages, Relative Strength Index (RSI), and Bollinger Bands can help identify good entry points. When the indicator shows oversold conditions, this could be a signal to buy.

Dollar-Cost Averaging (DCA)

This strategy involves purchasing a fixed amount of crypto at regular intervals, regardless of market price. With DCA, investors can reduce the risk of buying at price peaks and obtain a more stable average price.

Global Economic Events

Monitoring global economic events that may affect the crypto market, such as interest rate decisions or monetary policy changes, can help determine the right time to buy.

Market Sentiment

According to Crypto Academy, understanding market sentiment through social media, forums, and crypto news can provide additional insight into when the time is right to buy. The positive sentiment that begins to emerge after a major price drop can be an indication of a good time to buy.

Why Buy When Prices Drop?

Buying crypto when prices drop has several advantages, including:

1. Discount Price: When crypto prices fall, investors have the opportunity to purchase assets at lower prices, which can increase potential future profits.
2. Recovery Chances: History shows that crypto markets often recover after big drops, so buying when prices are low can provide profits when prices rise again.
3. Portfolio Diversification: The right time to buy crypto also means expanding your portfolio with a variety of crypto assets, reducing risks and increasing your chances of profit.

Conclusion

Determining the right time to buy crypto in the midst of falling prices like what happened to Bitcoin and other altcoins is a challenge in itself. However, with the right strategy and a good understanding of the market, investors can exploit this moment for long-term profits. 

Following advice from the Crypto Academy, such as using technical analysis, DCA strategies, and understanding market sentiment, can help investors make wiser decisions.

Remember that crypto investments always involve risks, and it is important to conduct in-depth research and consult with experts before making any investment decisions.

How to Buy Crypto on Bittime

You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study Complete Guide How to Buy Crypto on Bittime. 

Monitor graphic movement of Bitcoin (BTC) price, Ethereum (ETH), Solana (SOL), and other cryptos to find out today's crypto market trends in real-time on Bittime.