Hi there, I've been watching BTC since 2011. I've made experience trading and I had good ROI investing 500$ (got 2k back). I've been saving since then and now I feel I'm ready to invest some more.
why did you wait this long, if you don't mind me asking. i mean there has been so many awesome opportunities to get in. remember the $180 bitcoin day or the day Hearn helped us get low 400ish bitcoins once again. I have a few questions: 1. Where I should buy such quantity? Up to now I've been using BTC-E and Localbitcoins to buy/sell BTC 2. It's a good time? At today it's 1100$/BTC.. Not the best moment I think, what do you think? Shall I wait? 3. I'm ready to hold it till the next halving (2020 I believe), do you consider it safe (even at the current price) Thanks for your comments ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) 1. depending on where you live you should try some exchanges that accept your bank, BTC-E has higher fees and the price there is usually behind (lower on rises). localbitcoins is super high price than exchanges. 2. if you wanna go long it is a good time, if short nobody can tell you/ 3. in that case then it is an awesome time to buy. although learn about how to secure your wallet (cold storage which you may already know) and then know that price is volatile so plan accordingly.
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We've had a significant bull run already so I'm expecting a price drop rather than a bull run to the moon.
I think the price will be stable between $1000 to 1200 in the next few months. Then it will start rising again. if only one thing is for 100% sure, that is the fact that price won't last stable here (although you were cheeky and chose a big range) for "a couple of months! you are mostly forgetting that in a short while there is the ETF results coming out and there is always the Chinese irrelevant news and their so called inspections! the range of stability for now is $1110-$1190 and the type of news that comes out will determine the short orientation.
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nope ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) i am still a bitcoin hodler who keeps buying more bitcoin each week or every other week with any money that i have and i don't need and then hodl it. the withdrawal fee of my exchange service has not yet changed so it doesn't affect me transferring those coins to my cold storage... and as far as other usages go, it has not yet changed me. but mostly because this hasn't been going on for long.
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i disagree. trading cryptocurrencies are much more profitable than anything in the world. none of the pairs in the Forex market has gone up 120% in the past year but bitcoin has. none of the Forex market pairs can even go up 200-500% in 3 days but altcoins can.
it is all about experience. if you can find these things before hand and take advantage of the situation then you make profit if not you lose money.
in the end, if you make more profit with Forex then do that, if you make more with crypto currencies then trade them. it is based on the person who is trading and the experience they have in the said markets.
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the best strategy is always to buy and hodl these ETF are coming and going, it is only bitcoin that stays ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) it is like yesterday when people were arguing about price going lower than $900 or not and now we bid to 3 digits adieu! unlikely to be approved. The US doesnt like Chinese control of the market.
If the last month has proven anything it is that the Chinese have no control over the market. They have lagged behind in price the whole time, and haven't led ant dumps or breakouts. China's influence is over and done with. to be 100% accurate, the Chinese influence has never changed. they still have their size. but this size is not as small and non existent as what most people think these days and it certainly is not as huge and unrealistic as people thought back at the time of fake volume. we can't deny the fact that Chinese ore big traders and they are investing in bitcoin. but it is not as people show and say "China controls bitcoin" that is just bullshit to build FUD on.
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I have a lot of money investing in coins. It does not make sense to invest in coins that are simply numbers Is this crazy? Or is it normal?
the only thing that is not normal is your question. you may want to rephrase your question a bit. and anything that is not normal is investing in random coin that you don't know anything about, so investigate before investing. also first make sure what you are looking for in your investment. if it is a quick money then most altcoins pre-pump are good idea to invest in. but if it is other things then your options become limited.
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The transaction fees are high (they consume 8% of the transaction amount) and I don't see it increasing due to the high price of bitcoins. The transaction size is itself increasing. Where earlier we used to have a fixed fee of 0.0001 BTC enough for any transaction amount below 0.1 BTC, now it requires me to send 0.0008 BTC for the same amount. If it's the price, then it should have been the opposite. This article explains everything: http://www.nigeriatoday.ng/2017/02/bitcoin-transaction-fees-are-up-more-than-1200-in-past-two-years/as a legendary member you should already know that transaction fee has been being calculated based on the size of transaction in bytes for a very long time now. so statements such as "fee as 8% of the transaction amount" and "paying high fee for same amounts" does not make any sense, and are wrong for the most part. and it is best to avoid saying them. also the transaction sizes are not increasing, they are the same size on average as they were before. but there are exception that you may have seen and also the spam attack had some pretty big txs.
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Is it wise to buy in bitcoins now at a so high price($1171)? Do you think it is going to rise a new high level?
nobody can give you the answer to this question but you. if you see the potential in bitcoin then buy now, if you can't see it then there is not much argument we can make here to change that. i mostly have been buying when price was low starting from $200 and up until today, i have also bought some when it was $1050 because i believe in the future of bitcoin. right now there has been a big rise, so there may be some dumps and price coming down a little as a correction, but in long term it will be worth much more than this.
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you are only saying this because you personally have never used bitcoin for anything other than selling it for fiat and getting out as fast as possible. you my friend think bitcoin is a cash-cow not a currency. that is why you are wishing the price go to the moon so your 0.25390216BTC is worth a fortune. but let me tell you that is not going to happen with small or smaller blocks.
p.s. i am very curious to see your face the day you are going to spend your current 0.25390216BTC and are forced to pay 0.01200060BTC as fee since you have 37 outputs to spend! and by the way with your proposal (0.5 MB blocks) you will be forced to pay 0.1BTC as fee
you can use this comment as the answer to the question you will ask that day in the future.
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exactly this (of course with a little bit more zoom out is much better). bitcoin price surpassing gold is only good if it puts bitcoin on some radars or possibly can make it a little bit more popular. other than that, bitcoin hodlers such as me only care about how the price is moving up. and it has been beating gold all the way ever since i started investing in it. the 100%-300% yearly rises bitcoin had in the past has no match ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Bitcoin price will not continue rising forever, we experienced this case earlier when it reached over $1050 then fell under $850. From other side, I think this rise can give more value to other altcoins which are growing, in my opinion, Bitcoin will not be the only dominant cryptocurrency in the future.
well first of all that rise started from $780 and ended up at $900 despite all the fluctuations in the middle, and that is called a price rise. you are only looking at half the change! also bitcoin will continue rising for the foreseeable future. and it will last at least a couple of years. and it may not kill altcoins but it will always hit the altcoin market pretty hard since everyone pulls out their money out of this market and moves to bitcoin at times like this when bitcoin is rising.
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i think the article was either poorly translated to English or the author is poorly telling the story, maybe my Inglish Soks.
in any case instead of talking about why we didn't invest while price was $100 and regretting the years gone by we should start thinking that yesterday price was lower than today and tomorrow price will be higher than today for at least a couple of more years.
if you care about profit invest today and become a BitcoinHodler instead of being afraid and postponing it until you find a dip!!!
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haha, someone put my name on their hat ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) i just realized the price of it was a little bit high too. gotta find something locally and see if they produce one of these, cause i want it bad...
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just put it in your will, and if you have a lawyer then even better. tell him about it and place the will with him. it is the same as anything else there doesn't need to be any complication just because it is bitcoin. and besides when you invest a very large amount of money into something you usually tell your family, and they usually are aware of what it is, unless you are lazy or don't trust your own family ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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I think will be a long and bounce up from the bottom, up to 0.02 btc
If it over shoot, 0.03 is possible. Well if that happens i will stack some of coins and wait for the price to be booost again. ugh i still hoping that eth will be grow again and will pump and i will sold this coins of mine do you think when the price of eth will be increase again? If there an investors who will buy tones of eth? Or if the creator will be pump it what do you think? all of us traders are hoping this can happen. but in fact i doubt it can happen anytime soon and no there aren't any traders who are left who can buy ethereum at this point. right now bitcoin price is rising and logically eth should go down versus bitcoin but it is staying up with huge manipulation and these days you can always see the big walls that whales put up. it actually is a fun thing to watch.
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i always hate topics with "Versus" in them because they always attract so many false information and so many trolling as you can already see here.
bitcoin is always going to be THE cryptocurrency and all the rest will remain alt-coins. but this doesn't mean one is better and the other is bad and it certainly doesn't mean the other is good either.
in case of altcoins such as monero, there are lots of potential for them to grow. specially when they have "Useful features". as long as they continue being developed and move forward with the adoption and the need of that day, they will grow bigger.
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This is such a speculative question that it is more like a guess work rather than speculation. there are lots of factors you have to consider. - there has already been a rise and obviously we can't have rise nonstop - there is the ongoing story with China and all their crap about bitcoin and wanting to regulate their exchanges - there is also ETF that will come soon (although i believe it is next month) with all that said we can go both ways, not necessarily rise only.
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Holding btc is a decent way to earn extra money but its not a guarantee that you will reap what you sowed. I would rather diversify my investment into altcoins as well to avoid losing everything at once.
if you consider bitcoin investment risky, then altcoins investing is 100 times riskier. that is why if you want to diversify properly then you should do it with things other than cryptocurrencies. it is good to also invest in altcoins but it is best if you invest your money in things such as gold, or if stocks market is good in your country, then in stocks or generally in things with more stability and higher chances of small profit.
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I still believe that gambling is one of the major reason in the growing demand for bitcoin.
i disagree. bitcoin gambling is big these days and has grown a lot as we can see from the number of casinos that are being created every month! but people are still finding out about bitcoin and start using it as an investment first. it is all about the price So, please choose two from these games which you think is best.
Edit: PLEASE VOTE AND NOT JUST COMMENT.
voted for Dice games, and it is funny to see everyone else has voted for that too. no wonder everyone who wants to make a casino makes a dice site first ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) and the funny part is that , dice is not even a great game. with the house edge and how boring it is. but it sure is addictive.
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What are the chances of another "China bans bitcoin for the 97th time" story sometime between now and $1242.... ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) i think this story not find readers any more ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) they will come up with something new ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) maybe they will try to promote disapproval of the ETF as a catastrophe (if it will not get approved)but we all know, no matter what, Bitcoin road long term is only UP! Indeed. I'm considering shorting before the allegedly 'catastrophic' ETF news causes the inevitable selling, just so I can accumulate more coins prior to the impending shot at the moon! although this is such an iffy strategy but this is also my thoughts. i am waiting for the "possible" ETF failure and the FUD that will surely come with that. and these times are excellent for this type of trading to get a shitloads of profit while everyone is scratching their head thinking what happened ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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