The traditional financial advice, that “it is impossible to time the market,” holds true for bitcoin too. However, the answer to this question ultimately depends on your goals, financial circumstances and investment strategy.
Investors that have concerns about timing the market should consider dollar cost averaging their bitcoin investment using an exchange like Kraken. Dollar cost averaging allows investors to purchase the same dollar amount of bitcoin on a consistent time interval, regardless of its market price. This allows investors to constantly accumulate bitcoin, without having to worry about timing each market fluctuation.