Bitcoin Forum

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I had the same reaction before but unlike your friend I took the dive and I bought some Bitcoin a year ago when it is not yet so expensive like it is today. It is just human nature to be comparing the value of the past yet without considering the coming value of Bitcoin. Maybe your friend is not really that interested enough with Bitcoin...so just move on and respect anyone's decision on the matter.

they want to have a bargain with bitcoin, but the sad thing is now, even if it crashes it is unlikely for bitcoin to go all the way down, since bitcoin already established itself, the next target for bitcoin now is around 5k USD, it means, that if you buy today it will still be cheaper compared to the price it will offer you, among all cryptocurrencies bitcoin is considered a blue chip, like the term they use in stock market, it is more likely that it will go up.

I have a different scenario .... I told my friend about Bitcoin and left it at that... I did not bug him at all. He decided to invest

and he bought 1 coin. He started trading and he made a profit of $423 in 3 days. {buying & selling} This might be a very

volatile price period now, but he made good profits. You should not force the issue... just tell them about it and leave it. They

will eventually see "it" and come around.  ;D

every price is a buying price

TO be fair there is precedent with bitcoin crashing and getting in cheap after huge upswings, but I think people are going to figure out that the downswings and upswings will be less overtime. Its best to just cost average over time.

It's just that people that buy Bitcoin at the refular price don't need to make posts aboutbit. Most people don't wait for a crash. That said, Bitcoin always has sizeable pull backs which make a great opportunity to by more on sake. You could almost set your watch to the predictability of the price drops and subsequent bounces of support. The bounces are great signs of support and the optimism that exists in themarket.

I think now your friend regrets that he didnt buy osme coins when the price was 800$. Now if to compare wirh today's price 800$ do not look so much, right?
Who are those people who wish for bitcoin death? People who have no money to invest. Why do they wish it? To buy bitcoins cheap, but all of them wants to bitcoin raise back fast to it's previouse high price. But I doubt bitcoin will fall deeply too soon.

I dont know, I think it might correct a bit, granted I dont know how far. There definitely is a larger amount of institutional money coming into the space, but still many big holders who hold a large amount.

This guy just isn't committed to buying Bitcoin. He obviously doesn't see its future as we do and he's not willing to take the risk to get a piece of the possible upside.

You should rephrase the question. If the pric today is $3700, ask him if he would rather buy Butcoin at $4500 in the future or at $3700 today?

Current bull run is quite big and correction should be near, so its better to wait for some dip right now but if you are willing to hold bitcoin for long term than any price is good buy point. Price might cross $4k really soon, might be today.  ;D

He is not a bitcoin holder/buyer.Bitcoin is best then Gold.He missed the chance and cant bid it again. But if he want earn good profit from crypto holding,then tell him about Ethereum. Its next Bitcoin i think.already the price pumping a lot.just hold as much as u can.It will change your life sooner. mark my wards and thanks me when it happened.

People that aren't totally into Bitcoin but see the price rising dramatically probably want some of the profit associated with it, but don't really understand the price increase or believe in it.  So they "wait" for it to drop, but when its dropping they lose confidence in it and have fear.

if he waits a day btc will cheap back I think maybe he will take all his life to wait for things to happen. As we see, after the change on last Agust 1st, btc is gradually perfect themselves and become more powerful. The price has gone up a lot, once it reaches $ 4,000 I think he can not say anymore. It would be better for him to give up investing in btc because he basically does not want to invest money. And perhaps, the btc price reaches $ 4,000 which will be forthcoming.

There is no going back now,the price is crazy high and it is pushing higher than ever and closing on to $4000,if you were able to grab it when you had the opportunity then it is well and good,i am glad i got hold of some coins before forking so that i could have some BCH in the mean time and it was a good pick for me ,if there is a good correction which is highly unlikely i would like to pick up some.

At $800 he was incorrect.
At $1200 he was incorrect.
At $2400 he was correct.
At $3800 he is correct.

The price continuing to go up does not mean that its value is correct.  Your friend should not buy after the price goes up extremely dramatically for a long time - that would be extremely stupid investment advice.

Waiting for a bear market is quite reasonable.  What your friend got wrong is thinking that it was overvalued when it was early enough in the bull market for it to be an OK buy.

This.  There will be a correction soon.  I'm not saying the price will be cut in half or anything, but in just the last month it's doubled in price from $2000 to nearly $4000, and half of that occurred in the last week.  That steep a climb will NOT last, and it's most likely because of the whole SegWit thing being successful.

I think the increase in price has started recently and it will continue and the correction will not occur for now. Maybe there will be a correction after 5000 dollar. The effect of Segwit in bitcoin price will be greater than this.

I also think so. Haven't you noticed some bitcoin miners are not cooperating in the case of bitcoin's development after a couple of week of the announcement? That it will fade out. But then came up the bcc issue. It seems that they're not trusting a lot. Maybe this has something to do with the overpricing and some investors are trying to take a rebound so that they could get more profit.

Bitcoin crash is the common strategy and it really works man. Yet the problem right now that other bitcoin users can't see is that bitcoin massively growing so why use the same old method if you can see the potential of massive price growth unless you haven't see it then you will probably be going for the old strategy the crash and buy

this forum is littered with people who declared a price and stuck to it. they're still so stuck in their little bubble that they can't see the bigger picture.

this ain't a normal market. it's a market still finding its feet and gaining new people every day. sure, it's gonna crash. timing it is stupid and impossible. better to buy in a little every week and not try to be an expert because there are none.

While you are right in a sense, you must admit buying now at $4,000 is quite a big risk...

They are waiting for the dips because they want to buy Bitcoin , in a way that it won't be expensive, then they'l hold it for a period of time and will sell it if the price of Bitcoin is high. The only thing wrong with your friend's decision is that, he should've buy Bitcoin when the price is only 800$. Same as now. He may buy Bitcoin at this moment, because the pumps are continuous. Something big in return is also assured.

no need to wait for bitcoin crash to buy bitcoin in order to maximize profits because bitcoin prices will continue to rise. I would rather buy bitcoin using felling at any price or buy bitcoin now and hold.

Your friend understands how trading works :) dont be mad at him.

Never buy into a peak unless you have insider knowledge, or have absolute certainty. Remember the GOX. Bitcoin surged and climbed, it started to make the news, and all types of new guys came to the board, enthusiastic about getting in before it went "moon".

Oh boy did it not moon.

SO the rest of the story is that most of the new guys that came here got salty, and left. Id be pretty pissed myself to watch my 1000 dollar investment slide down to 300, but meh. I say all that to say this; markets expand and contract. if it goes up, eventually it will go down, maybe not full correction, but it always dips.  this bubble we are in is a risky thing. sure the price may go to 4k, but what if it doesnt?  the risk of loss might outweigh the opportunity costs of not buying and having it go up. FOMO is a powerful thing. but FOBB (fear of being broke) is even stronger. I'd rather not get something than possibly loss something.

1. they feel this is worthless vapor, and it isn't worth real money so they only feel ok about it if they are aquiring it with trading moves.
or,
2. They lived through a crash from the peak down to a fraction of where they bought, and had to live with that for a year or more. They don't want that happening again.

yes. it's pretty dumb to go all in now, especially since the rise as laid out by the op has not exactly been a slow and steady one recently. the buyers of the 2013 peak had a three year and more wait to get in the black again. i don't see it happening that long again but people should maybe be pacing themselves.

Price just hit 10x the price of early spring 2016, which I consider the base of this pump ($400). On watching countless crypto pumps this is an area that almost always dumps.

ofcourse that's the only way they can buy bitcoin when btc price has a big dump and make a good profit from it buy waiting it to pump again and have it raise bubble. trading is not that easy you must buy low and sell high that's how it works to have an income from trading. you must have a strong connection at the market so you will know when the bigwhales gonna sell their btc.

It could be that these people are afraid of taking risks. They may want to be apart of the bitcoin parade, but are so risk averse thinking they could lose money that they just can't bring themselves to pull the trigger. Saying that they will wait for a dip to buy in is just their excuse.

For some people it could be that they feel that they aren't getting a good deal by buying at what they believe to be a high price and want to buy at a "discount" with the dip. My friend's aunt will not buy anything unless it is on sale - food, clothes, electronics, car, plane tickets, etc, etc. No matter what. If it ain't on sale ie, buy one get one free/half price/discounted, she ain't buying it.

Nobody wants to feel like a sucker, even if long term they end up with a big win.
And in the moment, there is no guarantee you will "miss out" the unknown is a scary thing.

Because it happens when every normal person wants to buy an active, doesnt matter if it is bitcoin, stuff, or anything else.
I just thought the same, i know btc when it was around 15 dollars each, and i thought that it was not gonna have future, i missed the opportunity of my life like i said, i traded 21 bitcoins for a laptop in 2011.
I started trading and using bitcoin last year when it was around $700 each one.
I wanted to buy but i said that bitcoin was so expensive and i wanted to wait until it reached $500
nowadays it is at $4000 and it is impossible for me to buy a whole bitcoin, but i do trading and other stuff that makes me earn little bitcoins and just hold them for long term.

At that time your friend might not see or believe about what your saying or in denial for a profit he maybe gain for other thing than bitcoin. Sometimes we should do understand that they have doubts of anything especially investing their own hard earned money.

Today many people are feel regret for not buying bitcoin when the price is still below $ 3000, including me, this happened because currently bitcoin prices are already very high, and it may be very difficult to see bitcoin prices fall below $ 3000, because these few days We see fluctuations but they are stable at $ 3800- $ 4000, so if we want to buy bitcoin,  now is the time because do not let us regret for a second time.

He is still be waiting for a drop.
The time he was supposed to buy was before the hard fork, when there was a panic sale, even at that time too, the price was still increasing, he should just close his eyes and buy now, otherwise he will not like his present action of waiting for a drop in the nearest future.

Start now, buy say $200 / per week or $50 / day, whatever but if you buy periodically over a large time, you will average out the small peaks and troughs.

Well, this is the answer to OP's question, people who try to invest safely usually don't want to buy during the bull run, they always think that now is the top and waiting for the dip, while in fact no one knows what the price would be tomorrow or in a week, we might go even higher, or fixate around $4,000, or drop down to $3,000-3,5000. This is why investors shouldn't care much about current price and try to day trade, instead they better to just hodl for at least 5-10 years.

Some people are stupid, really. I sold to one guy 100€ worth of bitcoins, and later in the day he called me a thief, and wanted his money back. Screw him, now he lost a great opportunity to earn some money. He is so stupid, he will never have much in his life...

I guess he said the same thing. but shit coin will be better for your friend, because the bitcoin's dip can't be considered by the exact number to define the number already become the dip for bitcoin. Your friend gives a nice joke for me.  :D

That's common thinking of majority of the users. Everyone has the same thought process of buying low and selling high. For the same, people who cannot afford it presently expect for a price crash, so that can earn a profit by the days in a short or longer.

i think he will said the same like before and not trying to buy any bitcoin. i have my friend that said like that but i fortunately, i don't listen what he said, i'd rather to listen to my feeling which say i can buy after the price is break down for a while so i can buy with the lower price although the price now is up to $4xxx.

Duh, because it's at its all time high.  That's normal, plus there's no way to tell where we're going from here.   Lots of people bought at the high in 2013 and got burned.  Of course if they'd held on to that bitcoin they'd be in the black, but no one here has got a functioning crystal ball.

Lol.. I guess he said he would also buy at a dip. That's the altitude of people who live in regrets. You and I know that Bitcoin isn't going back to $1000 again, except there is going to be a to total eclipse of the crypto world. Yes, many people are still in this altitude.

from what I have seen all these years, people who are waiting for the "crash" to buy bitcoin, will never buy it. they wait and wait and the crash they have in mind never happens. and the funnier part is that if someday that crash happens out of nowhere they will still not buy! because they are scared and greedy and wait for a lower price and a bigger crash, and you know during crashes there is always FUD which makes people more on edge.

Same thing :D

BTC curve for now is still linear and anybody that misses the dips to get on board only will have to pay more later

It's probably people are not used to these crazy price increases in such a short time.
Bitcoin is having huge potential and the people participating right now know this, because they understand the technology!And that we are still pretty early in the game. So NOW is the time to get in you're right.
But people who have no clue what Bitcoin is about often compare it with stocks or other investment vehicles. And that is the big mistak they are making.
Bitcoin and crypto currencies is a completely new phenomenon. You can compare that with traditional markets.
This is a new asset class! And now is the time to take advantage of it. Maybe we are close to hit the exponential phase of s-curve adoption. If that should be the case we will move up to 10k+ in no time.

But I can understand people in a way when they checked the long time chart as Bitcoin tends to crash after big moves. But history doesn't always repeat. And if you plan to enter Bitcoin for long, 5-10 years at least, it shouldn't really matter to buy now imo.

Well he could have definitely bought in between those pumps. There were a lot of dips in between pumps that could have definitely been taken advantage of, instead of just blindly buying in at every single moment with every single cent that you own.

At the time of my post it's already broken $4k and stayed up there for a day.

Honestly, i would not buy now and i would agree with your friend on this occasion, wait for the crash and the panic, and buy then.

But it's up to you honestly. I personally think this pump isn't going to be over either, until at least the end of the month. If you feel comfortable buying in now then go ahead.

In a trending market, as opposed to a market that is in a trading range, buying in at an all time high is a statistically safe strategy. The problem is that for most people it is difficult to tell when the market is in a trending mode until it is already almost over.

I've seen nothing wrong to buy some this time. who cares that BitCoin is going to the moon, in coming future, it will be more expanded. This is part of the market ups and downs. I hardly believe that never make any decision due to fear of the market speculations. Try to be a leader, not to a follower.

If you got money that you want to invest dont wait again to buy bitcoin, if you keep on waiting you will miss the chance to become rich, look at the price, a week ago it is still 3500$ now it is passed 4000$, if you wait again you will miss another train

He said the same thing again, right? Does your friend holding any amount of btc or not? If he is not holding any amount and he keeps on saying that. Don't bother to say it again next time man, you're just wasting your time because obviously he is not interested. He was the one who lost an oppurtunity, not you.

I am the "forever optimist" but I think people should be cautious to buy in at the peak of a "spike" .... The price history tells

us that the "spike" will only last for a few days and then people starts to dump to take profits. If you are clever, you will time

the buying on the start of a bull run and not at the upper end of the curve. This time, it might be a little different.. because

adoption in Japan is driving the price increase... but you never know what might happen.  ???

Ha ha. LOL  8) He can not buy a single satoshi of Bitcoin ever. He will just wait and wait. But Bitcoin won't dump as his wants. Now Bitcoin is dumping. You can tell him to buy Bitcoin now. It will pump soon. So it's the time to buy Bitcoin.

reading these couple of lines in OP seems like reading my lifetime experience specially on this forum with all its newbie member topics. each time the price rises they call it "too expensive" and the worst thing is that they call a bottom and say with absolute certainty that they will buy at that price. and what do you know, that price actually happens but they won't buy because now they are reading the FUD and thing a lower price is also possible.
long story short price recovers back up and they are still waiting the long wait because now they have missed their target and are depressed!

i always warn people to make sure to "buy the dip" but so little ever listen.

But I really doubt the scenario of whales on the market in this year. Do you remember event Mt.Gox exchange offline down make the price of Bitcoin crashed from $1,300 to ~$1xx? Yeah, and in someday, after they created a strong faith on the market, they will repeat this scenario! 8)

Buying the dip is sure a very smart strategy, but dips happen for many reasons and its important to distinguiqsh them. For example, the recent dip to around $2,800 was caused by overspeculation and panic in reaction to China news - so in order to buy this dip, one should have predicted these news and buy at a very short window, since the price rebounded in the next day. Then there are other types of dips - caused by pure speculation on the price, like the recent drop from $5,000 to $4,500 - they are more common, but you have to wait for them for a long time and risk to miss out on opportunity. There's also a third scenario - something catastrophic happens and Bitcoin will crash to the ground. This is extremely unlikely and no one will be able to tell when is the bottom. So, in general, buying dips is extremely hard, and you need some luck to catch them, so for less experienced people it's better to just buy and hodl for years and not worry about the price.

Because it is very cheap when bitcoin crashes i thought of buying bitcoin when it was:

$1200
$1700
$2300

but i never did because it seemed too much money and now it is at a price of $4000 so i regret my choice right now.

Its common "Price is too high i will wait for it to dump" when it dumps i will wait more its high until the price goes up and have a new price range. Its a cycle for most of the people i have a friends also waiting for that and keep always on saying its high price.

The fact is that these fluctuations in the price of Bitcoin give an opportunity not only to earn, but also to attract new investors. Whether this situation attracts more and more users, then the popularization of Bitcoin is solved by a good scale.

These people don't understand this market, and don't understand how much potential Bitcoin has in the long term. Back in the days when we were hovering around the $500 level, it was seen as high.

At that moment the market may have been overbought, but that didn't hinder me from buying even more since my goal is to hold everything for the very long term ~ that's how it should be.

Seriously, at current levels, if you plan to invest for the long term, how much difference does it make to wait for the price to fall down a few hundred bucks? Current levels are nothing more than peanuts if we look at the bigger picture.

In other words, just buy at current levels and have a decent bit of fiat aside for when the price falls down, very simple.

That is because people still want to buy bitcoin cheaper than it was before. I bought some bitcoin at $3500 yesterday, and now i can say that i bought it cheaper than now, because i am taking a profit of 4%-5% of that buy. It always depends, i have a friend that is always saying that he will buy bitcoin when it goes back to $1000 again. but i dont think that is gonna happen in the future.

Thay maybe follow fud what is saying bitcoi will drop to 1000$,but if we look history we can see that one year ago btc went from 550$ to 300$ now it is diffrent,China will not ban crypto even thay will current market oes not depend from China.China is big player but one of many now

For now it's the ICO and exchanges they ban so they are still capable of holding btc and acquiring some crypto for holding only since there will be no use of it for them in the mean time. We all wait to make the best decision depending on it's status of dump or pump.

the FUD obviously always says a dumb number as its bottom. the purpose of a FUD is not to guide you but it is to scare you so they say $1000, $2000, etc. it is the same as before when $2400 was the all time high and a correction was on the way. the FUD kept repeating that $700 is on the way and price never went to $1xxx range even!

They just wait for the air to stop, and they will not do anything. Little action will make things look more clear. And it became clear that they had missed the train. Buying at current prices isn't a bad thing. Because remember, our goal invest in bitcoin not for a day or two. But for long term.

Some people like your friend never come forward to take even small risks.Without taking risks,nothing could be achieved.But it should not be a blind risk and it should be a calculated risk.I think that your friend still would not buy even when bitcoin price becomes $10,000.Atleast,he should have learnt a lesson on analyzing the previous price history of bitcoin.

There are really people who are not risk takers. And maybe your his friend didn't know a single thing what is investment and how bitcoin works in order to gain profit. And you will see that numerous thread been open asking what is the best buying point, but never did actually get bitcoin when the price is already discounted and still waiting for the price to still go down.

That's why we always tell's them that there are no good buying point. If you are here for the long haul then you really need to invest on it without waiting for any dips. Unfortunately, most of them feared and really don't get how the systems works. That is why they are all talk without making any actual moved to really get it when the price is too low.

These people who don't want to buy because "the price is high" will only buy it when fiat money is abolished by governments and replaced by bitcoin. But by that time, bitcoin will be 1 million dollars each, and they will not be able to complain about the "high price".

There is no high for bitcoin, only lows. If you buy at $4000, expect to be $6000 in six months, or even earlier than that.

Of course when bitcoin crash the prices fall, just as it did with mid-september then when I can buy bitcoin at a price of $ 3300 and a week later the price goes back to $ 4000.

My friends also have the same reaction. I agree that most people who turn to bitcoin are experiencing financial problems. As a person who doesn't have money can invest money in a new business? That's why this forum makes a great contribution to the development of the bitcoin community. Each person may get a small amount of coins without investing money to use as start-up capital.

Yeah. That's one lesson I learn the hard way. We should get bitcoin whatever the price. You just need patience because it will take time to really show how much profit you can get. History charts are on our side. Bitcoin has proven time and time again that it can rise in time. So if you think that the price is too high for you, think again.You don't want to regret your decision saying that you should have bought it when the price is $4000 because the price could you as high as $6000-$7000 in the next 6 months. So prepare your funds now so that you can't miss the party later.

As of now the price of bitcoin is 4400 dollars and I bekieve it will increase the price more . So dont wait the price decrease because you lose opportunity to esrn more. Its better to invest your extra money in bitcoin now and hold it for few months and you will earn a lot of profit for sure. But it depends always in the demand on the market. If price decrease i set my buying price at 4k dollars .

Makes sense to me.  It also makes sense that when you're in the middle of a bull
market to buy the dips.  The question is when will the bull market run out of steam.  Either
way, we're not at the end of it; we're just hovering right now, and it's probably not a bad
idea to buy at $4350.  Whenever we break out of this range, we're likely to head higher.

If only I had more money to burn, I'd be buying bitcoin.  Alas, I do not. :'(

Because the only people that do that, are those who have been introduced in bitcoin for so many years, and know how the bitcoin price works, like me, i have been in bitcoin for more than four years now, and the same happened some years ago.
So i prefer to wait until the price crash a little, and then buy, and there is nothing new with that, it happens on the stock market too.

Personally, I don't have much money. And I don't want to buy bitcoin for expensive prices. I believe in it, but when I want to buy it, it should be really cheap like crysis prices. That's the reason of my act.

lolololol. People who wants to profit in bitcoin but doesn't have the guts to buy because they proclaimed "its expensive" should just step out. Life is not that easy if you're waiting for a really cheap price like that then you're just waiting for nothing and while at it you'll losing opportunities. if you want to earn big then you have to take a risk. the advice i can give you now is to earn from jobs if you don't have money and then wait for the dump after a big pump to buy. Look at the charts after a big quick pump it dumps. Just don't ask so much for a lower price you'll be good. be realistic

Why actually do you want to buy bitcoin? If you want to use it as a currency and buy things, it can't be "too expensive", as there is no difference if you buy a tv for $500 in a shop or the same tv for $500 equivalent in bitcoins through the internet. You still need that money. If you want to buy bitcoin in order to profit in the future, it can't be "too expensive", as if let's say bitcoin will get to $10,000 there is no difference if you bought it at $1000, $3000 or $7000, you still get profit. You get more, you get less, but still you earned some money. Therefore, I don't understand how you can consider it to be "too expensive".

most people hear something and understand something else!

for example when you say "buy in the dips" they go out of their ways to find a dip so deep that the coin has to die to reach it! in other words they go overboard with their expectations and some of them are actually spreading FUD and they buy a lot higher than they publicly tell others.

Many people can not understand that the fall in prices can be expected forever and constantly lose the opportunity to earn money. I think that you need to buy when you have money and then wait for the price to rise.

Your friend just didn't believe in bitcoin. If he really interested he would bought during even a little dip in price.
Just forget about and him and do your investing.

Bitcoin has had quite a turbulent history and it is not unimaginable that it could crash again. If you did buy now and there was a crash, however temporary, then you have basically thrown away money. The current price is close to the all time high and it is amazing that it has held for so long. When there was bad news out of China a single bitcoin lost over a thousand dollars in worth - it's all about timing.

It depends on your strategy. If you buy before a crash, you are not throwing away money. You have paper losses, not actual losses.
If you plan to hold for the long term, it really doesn't matter.

Haha.
I think I have said this too with someone else here in the forum.
They will keep on waiting for the cheaper price but it didnt happen. And if it does it didnt took a lot of time and it goes back. But at that time where bitcoin fall at 2800 they said it is going to fall more and they will buy after that.
Guess what happened too?  ;D

People are greedy. They always fail to see the big picture and react emotionally. They also for some unknown reason think the money will jump into their pockets without much effort. That's why they prefer to wait for Bitcoin to go down and tell themselves they will buy, but when it happens they end up waiting for it to go deeper and deeper and miss the point when it recovers back to where it was.

I don't know what to say about your friend.people like these are the ultimate losers.They would not be ready to take risk of even $1.Either they have not understood about bitcoin properly or they don't have enough courage to take risks.Your friend has not even analyzed the previous price history of bitcoin.I think that friend would not even buy bitcoin even if its price falls suddenly to $1,000 now.These people always want to stay in the comfort zone itself.Success could only be achieved if they come out of their comfort zone.

They want to gain profit. that's why people wants bitcoin to crash. The price of bitcoin is unpredictable.
You can buy bitcoin at any amount price but be sure sell it when the price is higher.

Each and every user have the thinking of becoming rich, but in the mean very few has the backing to invest and profit out of the same. So the people who believe in the potential, but lack in funding wait with patience to experience a crash and invest by that day getting back the profits.