Bitcoin Forum

Hello,just wanted to ask:if I buy $120 of bitcoin and sell it can I still make a profit?(not expecting a digantic profit but something leke $5 that way I whole slowly build up a bitcoin.

you should have bought before the pump and sold at 500, in this way you would have 100% more right now

i think we are not going to sub 300, it should be relatively safe to buy now or around 300, you can buy now and sell at the next mini pump

Bitcoin just dropped almost a hundred dollars today and hit $311 USD. I'd recommend to buy now, as I think there will suddenly be a sharp increase. Prepare your wallets, guys... This is going to be a big one! I might make a few hundred off this next jump! :D

Technically you can make a profit with any amount as long as you buy low and sell high. Of course, bigger investment equals bigger profit but maybe it's best to start with small amounts anyway if you are new to trading.

Anything can happen.

If you expect a price rise, then buy BTC now, if you expect the BTC price to fall more, then wait and buy low.

On the long term I expect BTW to rise though.

If you ask such a question, it means that you have no idea about trading. I recommend you buy a small amount (if $ 120 is for you little, its ok) then at least 2 times a day check Bitcoin charts and look what's going to happen with the price .. after about a year maybe six months (if it will be not late) You will decide if it is worth investing in Bitcoin ;)

You are very optimistic I must say. I don't know is your reasoning mere wishful dreaming or you have some other insight, but I hope you are right though!

OP, I am sure that if you buy at this moment, you will be able to get some profit in the future, we just don't know when exactly and how long will you have to wait.

i think that bitcoin price will drop to 250$ before to go up again to 400$ like always go down then the price will go double :P but to buy now it is not a bad idea to buy now and wait for the price to reach again 400$ will be soon ;) i think it need 2 month or less

$250 is too low. Can't think of a reason why the price will go that low. If we go below $300 we most likely will stay under $300 for quite a while as sell walls will form and keep it there.

$311 is a good time to buy in at to be honest, it's been floating around this mark (give or take $50) for the past years.

$225 seems to be the minimum support price, I haven't seen things drop below that for a good while. I forget which analyst posted that, Max Keiser maybe. I like the stability (medium term) of Bitcoin.

I think $250 is quite possible.. next should jump up to $500 or more :) but $300 is good price to buy anyway. Nobody knows when next rocket will start.. ;)

it could go down still. maybe around $270 before it will retrace back and then go up again. Those who earned the last pump were still celebrating as of now and might help the pump the next month to once again gain for the yuletide stash.

Nothing is impossible, but a lot people have bought their coins above $300. There is no reason for them to sell it for anything lower than that if they are not in panic. If they have weak hands, then yeah, they will sell at a loss.

you can definetely profit by trading bitcoin but you have to know when to buy and sell, i suggest you look at the price variations for a couple of days to get used to how it works.

You could buy right now and wait a little bit and sell again when the valie increases

That's what i've been doing, you should be ok if you make profits

Buy BTC is a good idea is cheaper.

And what that it goes too 400 dollar than maybe sell it. Or wait few years that BTC well go to 600 dollar.

Only if we are lucky that BTC goes up. I hope so that it goes up.

It's not a problem. Even if you just buy $50 worth of Bitcoins. Use the money you can afford to purchase Bitcoins with. There is always profit to be made, even with these amounts.

I will be sincere. Don't fatigue yourself with this kind of amounts. Cannot make make money or bitcoin with that amount. Then it is not written somewhere where the price of bitcoin will go up and you can know that moment and will sell and when the price will drop down and you again will know that moment and will buy. You can buy today some part of bitcoin with that money and maybe cannot be able to sell it even for 6 months. To wait 6 months to earn 5 us dollar is not a normal thing. You maybe can have more if you go with faucets and be active here in bitcointalk to increase your rank and to find a good or even less god signature campaign than do such kind of "trading" you want to do.

Anyhow this is what I think. You have your mind and your thoughts. And as I do always in such cases, I advice you to do what you think and not what think me or the others. Read everything here in your thread to have some ideas or even for fun but decide yourself with your mind what to do.

If you want to invest don't look for a short term profit. Buy some now and expect it to gain value over the following year, but don't be discouraged if nothing happens for 6 months.

Of course could you make a profit. On the other site you can also make a loss.It all depends on the entry point and the actual market situation. These are day trader has to know, and many other stuff as well.This includes also luck and risk.
I recommend you not to get into Bitcoin to make a quick buck if you have no idea what you're doing.The chance of getting burned is not small.

you will make big profit if the price skyrockets like days before. However if it's not, that's still fine too! small fluctuation in bitcoin's price can give you some small profit. Just watch the market, read the news, with some lucks you surely will make some!

yes you can but don't think you can buy $120 worth of bitcoin anywhere

If you can then you're extremely lucky

Of course! You can make more than a hundred dollars if you time it right. I made about 80 investing $100 just before the big jump ti $480. I'm happy :D

Yes, ofcourse - if is coming panic everyone can lost control and sell.. but my prediction is based on something else. Time will show what gonna happen ;) But I think that less than $ 300 does not fall and that is a good price to buy BTC. If we fall below $ 300 then we can touch even $ 250.

Nobody here can give you a 100% guarantee that the price will go up higher than what you invested today. It is still a experiment and a highly volatile currency. The risk takers

always take a gamble, and sometimes it pays off. We look at the overall statistics of the Bitcoin price, since it started and we make a future projection on where it's going. So far

all indications are that it would be VERY volatile over the short term and more stable over a longer term. {So in short... it's not a get rich scheme, with quick returns}

Good luck... small steps, will get you there eventually.  ::)

You want to do day trading... it's very basic, buy cheap, sell high. Of course, this sounds easier than it seems, thats why most people end up screwing up and lossing their money long term. It's better to buy and hold long term. And not panic sell.

I don't think buying around $300 is a bad idea, but it depends on how much you are willing to hold. I'm not sure where the price would be in the next upcoming weeks but I can definitely see it close to $400 or more at the end of the year, so yeah, you will get some profit.

Emibalca, did you do it? Did you buy the $120 worth of Bitcoin? How much bitcoin were you able to get?

Hang on to it...the one thing most of us here agree in is that you'll be able to make a profit on it in the future.

Cheers!

Yes you can make some profit with but I doubt you'll get it quick, if you'll buy right now, you probably need to hold it for some time just to reach your profit goal. Still there's a chance of losing instead of gaining some profit, bitcoin price is unpredictable , be aware of the risks.

Theoretically yes, but you will probably lose money rather than gain it. Stay out of daytrading untill you read some ariticles etc. about it.

It is definitely doable but not that easy, your instinct needs to be spot on, you need to have a lot of patience and not get greedy at any point. The way I do it is I just try to always stay on top even if it is only by $1, if you start regretting your own decision because you could've made more money it becomes dangerous. For example if I buy at $300 and sell at $315 but BTC goes up to $400, it doesn't matter because I'm still on top. If I'm holding more dollars than I started out with I'll try as far as possible to not buy less BTC than what I got with my initial investment, except if my instinct tells me the current spike has not yet reached its peak.

if we know if you could profit or not we would all buy $120 and predict the result lol

If $120 is not a big money for you I'd suggest you to buy Bitcoin with it right now, you will not lose a lot anyway. But if it is a big amount for you then you might wait till BTC goes a bit under $300 and buy at the time. This might never happen though. At least I think it will not.

Yes you can make little by little with day trading. But when you will be out of your laptop keep all your fiat currency as bitcoin. 

Anything can happen, either you'll make some money or lose some but you will never lose all. It's hard to predict the market movement but if you think the price is going to go up in near future then go ahead and buy it but do remember if it doesn't you will have to keep hold of it until the price of it is over than your bought price and this is why trading is almost like gambling, you're trying to predict the future.

heh and this is the problem ;) i am afraid to, that price can go under $300, even as low as $250, but i think $300 is good price to buy Bitcoin. Even under $330 in my opinion is worth of risk.. There are speculations that in next two-three weeks will be next rocket up to $500 or more.. - but this version is to me unlikely, $ 400 imo, is more possible.