Bitcoin Forum

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I try to "Buy The F******Dip", but it is hard in my city as there are not very many good BTC buying opportunties.  We have a BTC ATM ("BTM"), but it charges 9% over spot and requires ID.  localbitcoins does not work too well here, sigh...

Yet, when BTC goes down, it does give me incentive to buy.  Like now.  If the place with the BTM is open tomorrow, I'll drive over...

What say you?

Not aggressively, but yeah, a few coins here and there on some dips :D Always good to have a bit of Bitcoin profit, and also some fiat profit to pay for bills...

I don't usually buy since my coins are mostly profit but when I do I only buy what I can (which means not much since I'm just a teenager) .
However with this price drop , I was little bit happy because it gave me the chance to sell some stuff for BTC (and It's always better to sell when BTC is low then when BTC is low because you will get more BTC when it's low) .

Buy the fucking dip! I also prefer BTFTU...which stands for back the fucking truck up (so I can load up my bitcoin that I've bought on the dip!) The aggressive approach should be based on each person's budget, balance and view of the market of course. And it's tough to consider this a dip when just a few months back we were in the 200s.

This guy below has the right idea...sell stuff for BTC when it's low!

I always but the drip as convenient as I can since I don't have much extra cash to but more but I usually get super active on cloud mining and trading bitcoin this is the best time to do that because after the dip the price will normalize or sometimes it will go up again like it did in the past

i agree too. i like to sell stuffs when btc is low. in this way, i can see it as more profit when the price rise back to the trend again. so i dont mind letting it go at a bit more cheaper den others.

Selling stuff seems to be the best idea. Now what have I got that I can sell online. :)

Maybe I'm missing something here but why not just buy at a trusted exchange like Bitstamp? Their verification process is not complicated and doesn't take very long. Once completed you can simply wire money from your local bank and be ready for the dips.

As a buyer and local seller I purchase as much as possible during and also sell it off locally for cash.

Its actually a great business to buy and sell locally, I think more people should start doing it!

If there is a reason the OP can't register and verify at Bitstamp he could register at Bitfinex because it allows you to register without verifying if you never withdraw fiat. He could deposit Bitcoins to Bitfinex, sell when it's high, buy back when it's low, and only withdraw in Bitcoins. Provided he never makes a fiat withdrawal he never needs to do KYC verification at Bitfinex.

If I were you, I wouldn't buy. That 9% fee seems pretty steep. I am waiting for the price to reach $400, that is when I will buy. Otherwise I won't make profit.

If the price doesn't reach $400. I just won't buy. I am not an impulse buyer, unlike a lot of people.

Maybe I should try this exchange. Mt.Gox kind of ruined exchanges for me. After that huge incident, I have never trusted exchanges like I used to.

Are you sure this is a safe exchange? I don't want to lose my money.

If you don't trust them, just make sure the money is on there only for a short period of time.

Wire the fiat money to them, make the trade when you feel it is a good moment and than move the coins to your wallet asap.

If you want the cash again, just send the coins, trade and request the withdrawel.

I would say they're the safest and most trusted Bitcoin exchange around. Coinbase is definitely on the same level but they only operate in a handful of countries while Bitstamp is available worldwide. Of course there are no guarantees, it is practically impossible to foresee incidents like Mt Gox.

I have been buying monthly ever since we hit 2xx, and im still buying, im not going to stop buying monthly until I have 2 figure BTCs in my wallet, then I will stop buying monthly because it's too much hard work, I can't even eat properly, im eating cheap food just to be able to meet my portfolio goals. Some may say its insane but I don't care, I know in the end history will reward anyone that has at least 2 figures on their wallet in the long term.