At the present time, the price of Bitcoin has come down a lot. There is no point in buying Bitcoin at this time. The ideal time to buy Bitcoin is when the Bitcoin market is in good shape.Those who work with the cryptocurrency market always know when the price of bitcoin will rise. Bitcoin prices are set based on bitcoin buying and selling. When a large bitcoin buyer arrives, the price of bitcoin tends to skyrocket. This is something we've seen before when the world's richest people started doing it.
This is not true. The best time to buy bitcoin is when the market sentiment is down, when prices are low, when the general feel of the market is bearish... when nobody wants to be buying. On the other hand, when everything is bullish, prices are rising rapidly, and the market sentiment is high, in other words when everyone is buying expecting prices to 'go to the moon' --that might be a good time to be selling / taking profits.
There is a bitcoin "fear and greed index" on the internet that is a measure of crypto market sentiment... historically when that index has been at "fear" or "extreme fear" --these have been the best times to buy and when that index is at "greed" or "extreme greed", those are good times to sell.
This is a general principle...