Bitcoin Forum

My new year resolution for 2015 was to buy 1 bitcoin a month. Now, I have 4 bitcoin. But, the price value of bitcoin is stuck at $250. Any good advice for me please. Should I keep going with the New year resolution. Will the price increase in value.

Nobody really knows if the price will increase, decrease or hold steady. But if you're getting nervous, you do have the option of buying an e-gift card so you can at least get "face value" without having to pay the exchange fees.

Only invest what you can 100% afford to lose. If you can afford to buy 1 bitcoin/month without it affecting your financial situation then keep at it. Good investors know to be prepared to hold investments at minimum for 5 years, plan accordingly.

If you can't afford it, stop purchasing them and don't plan on the price rising anytime soon. Then decide if you need to sell your coins to cover daily costs.

Send them to the address below in my signature.  I'll take care of everything for you  ;D

https://i.imgur.com/9qdLS7F.jpg?1

I'd sell them now, right away. The current price at 240 is probably the high end, we're looking at 160 any day. Don't get left behind holding worthless bitcoins when the big whales, early adopters and the manipulators decide to dump and dump big. Be smart. Btc price won't go up anytime this year or the next. There's nothing, nobody to drive up the price and keep it there. Chinese tried it late 2013 and they failed. There's nothing or nobody to drive up the price in a big way.

My advice: Don't listen to anyone on here.

Also, $250 is really really cheap. Don't sell at this point.

Best of luck.

From what I know, hold on to it! It's low, so don't sell

I say hold it unless of-course you're facing some financial problems, in which case go ahead and sell it but if that's not the case, then hold it and wait for your investment to grow.

Yes, continuing to buy is a good idea. Bitcoins may go down again. But bitcoiners believe that this just means we can buy even more of them with the same amount of money. They may go up, and in that case bitcoiners believe they were smart to buy before the rise. Either way, most of us would recommend to buy and hold, and don't be sad about the downturns. Just buy more.

First off , I assume the op is not a newbie to btc in the first place but in fact posing as such , effectively trolling pretending they are someone actually new to btc. If they are not , and you op are genuinely asking this question , you need to understand a few things - the runup in price from 100 - sub 100 to 1200 was accomplished by a fraudulent exchange known as mtgox that used a billion nonexistent dollars to jack the price up to those levels and the price of bitcoin has been steadily death spiraling downward for over a year - we won't see prices like that again unless there is another fraudulent exchange that does the same as mtgox did , or if one of the major drug cartels adopts bitcoin in a serious way , or an eccentric multi billionaire decides to liquidate many of their assets and dump it all into bitcoin - meanwhile please understand that at this point in time bitcoin is essentially a pump and dump manipulated slush fund which is pushed up and down on a minute to minute basis so that people can extract profit from idiot newcomers who don't know what the fuck they are doing , with it's primary purpose still being evading taxes / money laundering / conducting illegal purchases - these people who are encouraging you to drop more into it and to hold are evil profiteering douche bags who watch the market 20hrs a day and are constantly trading on a daily basis - you're just a simpleton victim to them

Nobody would be able to give you the best answer. Instead, ask yourself are you really desperate and in need of money?

Double your buying to 2 BTC a month.

bet everything on 2x payout in your favorite dice site.

If you, then hodling is the answer.

If you lose, then sell is the answer

Keep buying at this prices and hold. There will be sometime that bitcoin will rise up in value as more and more people will be using it.

I think what we need is a bitcoin Army. To educate people about bitcoin. So, that more people can buy. So, STOP SELLING AND BUY MORE BITCOIN. That will pump the price value up.

ALWAYS hold onto at least 1-2 btc.. Your fiat gains are hardly worth it. Your 4 bitcoin can become an immense amount of wealth… That is if you understand why you and others should trust it, if you don't understand it, then there isn't much to say to convince you one way or the other… I am not a preacher and bitcoin is not a religion soo… just understand what your private keys are, learn how to use them, and then learn how to use them safely.

I prefer: hold until prices reaches 500+ or it is low enough that even the beartrolls don't post nowhere but down predictions

If prices reach 500 then you think again what to do

Nobody's gonna be able to hodl a 100X gain if you're thinking about it all the time. You could be an oak 99% of the time and waver once and...you've gotten off the train. You have to find a way to trick yourself to hodl or buy other coins that you can sell on the way up cuz yer gonna face overwhelming "sell" pressure at times.

If you can afford to, hold all your bitcoin. I've been gradually buying more and more over the last few months, best to think longterm and stop watching the daily price fluctuations.

I say hold it, because what can you do with $1000 in this society?  If its money you really cant afford to lose maybe you should split the risk and sell half.

I suggest you to store them with a paper wallet and forget of these 2 bitcoin for about 3-4 years (or at least remember them before the next halving ~ July 2016). I want also to tell you : buy bitcoin now it is so cheap. Don't sell them now the price is not "true".

The price will probably increase till the ATH news.

Cool new year resolution and well done setting goals i have to assume you can afford to buy a btc a month, so if you are not in a major situation where you really need the money you keep them and do as others have said store them in a safe place and kinder forget about them easier said than done :o Also if you have the money to continue buying then you probably should keep buying at least what you can afford it will not be long before we brake out and cheap coin will be gone for awhile again. Good luck!

No one knows. Don't listen to anyone claimin they know where we're headed from here! Thing is: we're currently at a remarkably long time of stagnating prices and even gains in an otherwise record-long period of downwards movements. If you really intend to continue buyin 1 BTC per month (a good idea in my opinion) I think you should hold your coins and make sure not to panic sell them at the next drop. But make sure to make up your own mind!!!

Instead of thinking about either selling them all or holding them all you might consider keeping half no matter what, and maybe selling half if it seems a good time to. If the price goes up you still hold half which should cover your losses on the other half.

If you're wondering if you've wasted your money then I'm speculating that you aren't super wealthy. So I'd advise to just keep the 4 BTC and carry on with your life.

This should provide adequate security in case a global economic crisis happens. A little piece of mind stashed away, just in case.

Here is a quick guide on how the current prices should be seen. It's not mine, but I fully agree with the author, as he pretty much nails it:


If you have still some dry powder, you may use and don't buy something else for your everyday life, then buying here carries relatively little risk.

Just be patient, your 4 Bitcoins are a solid long term investment.

Hold your coins, that's the best advice some one can give you.

I'd stick to your plan and keep buying at this price and definitely don't sell them. I think holding bitcoins will pay off eventually as it's still early days for btc in my opinion.


If it went down to 0-50 I'd be thinking, shit is this really a good idea?  :D

give many small loans of 0.1btc to many users who need it.it can increase your earning 30-40% per 3-4day

Just hold and enjoy the ride!

You will be waking up everyday with a smile on youre face when we entering a new bullmarket.

Thing is, if we reach those prices (400-500) and stay there for a month or two, we've entered a definitive bull-market again. We will be headed upwards from there and the risk actually gets smaller with each USD that we gain.

You might consider switching to dollar-cost averaging with your BTC purchases.

i.e. just pick a value you want to spend ($250) every month and buy at a comfortable level to manage risk, remain unemotional, and accumulate.

Make sure to stop doing this (temporarily) if/when we blow up past the ATH and climb at an insane rate.  Take a good look at the bubbles in BTC's history and try your best to prepare mentally for your sell plan.  Don't be too greedy.

Hold them in a safe cold wallet!
Work and work and work some more to buy more coins!
Hopefully profit!

If you fold now and sell you'll get most or all of your fiat, but then what? You're out of the contest. Can't win and can't lose. You'll need another hobby.
4 coins is a nice position in my opinion. Maybe (or maybe not), slow your accumulation (because you're uncertain), but don't sell. You went this far and there is hope.


HODL and keep the faith. That's what I do.

(I still mine because I'm a miner and miners have to mine. Even when at a loss. I balance faith and stupidity every day!)

What do you mean (when we blow up past the ATH) what does ATH mean. Please

I'm a miner too. But, my mining rig is small. I want to keep it that way cuz the value of bitcoin it down. I do it for fun. but my focuss is on buying bitcoin. 1 bitcoin per month while the price is down. cuz now I can afford to buy

today I'm planning on buying $50 worth Bitcoin I'm using the tips that I get for my customer. Lol.

My last buy was at $289. No one gets it exactly right.
Buy when you can afford. Hold what you buy. Don't chicken out.
In fact, you've inspired me to make a little buy myself  ;) 

You can atleast wait it out till the new ATH exchange comes out.

What is ATH. What does that mean. Please

wow it make me feel good to hear that I inspired you. I guess the problem that I am having right now. is the fact that I don't have patient. I don't like to wait. I never had patient has a child. everytime I look online I see the price goes down. honestly it's kind of freaking me out. I guess I need to stop looking online. I'm sure if the price goes back up extremely. the media like CNN and CNBC well keep me posted. Lol. I'm going to keep buying because I believe"a rising tide lifts all boats"

Most people use that acronym to mean all time high which is 1160ish, so I'm assuming the poster was telling you to at least hold til that.

Ok. I got it now. Thanks man.

If you wait till the ATH, please wait longer, as it's most likely that it will surpass it quite quickly.

Simply, keep buying until 2016. Stick to your plan.

I think its the exchange. Apart from that we also have Ethereum coming out next month.

ATH exchange? ATH as Chef stated is the all time high valuation.   
We may not see that again, at least in my lifetime though I hope to.
Are you thinking about the Vinklevoss Exchange Traded Fund?
The impact of that can't be known but I think it would provide buoyancy to the current lost in space valuation.

I would say hold on to them. My guess is that they'll be worth about $340 by th end of the year.

keep it

Unpopular opinion, but i would sell if i only had 4 bitcoins. holding is obviously not an option since you are allready obviously getting nervous holding it, so trading is the only option left.
Since there seams to be little affect from recent media to any new money comming in, and trending of bitcoin is stagnant, i would say were going back close to 200 very soon, and about 200would be my buyback.
15% profit aint bad, it would yield you 0,60btc if its correct assesment.

Its hard to speculate what will happen after, so for now sell, and set rebuy @200, if you want to listen to an advice from random stranger that is :]

cheers

you should ask for advice on a public forum and then after 100 people or so reply you can chose which advice suits you most from all the varying points of view.

try to play with the market, small amount, follow the wave, and always dump first and then buy

that is exactly my point. The biggest effort to be made is to get things moving to the upside. After $350 is broken, then it would be much easier to think about resuming the bull. But we must first get there.