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Author Topic: Invest 10k - 20k  (Read 1912 times)
upsidedown75
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February 28, 2017, 05:16:03 PM
 #41

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.

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
My question to you would be why did you wait for a long time after getting a good profit and what made you to come back when the price is high.If ETF is approved we can expect a price rise but it is highly unlikely that i will be approved this time around.
Your question itself has the answer. When bitcoin get great value, all the old adopters will make a come back and might regret for NOT holding. It is a common scenario in bitcoin I have read many people were crying who actually mined bitcoins just with their CPU.

ETF is highly expected to get approved as per many financial expert's view, but you are giving different statement, still we need to wait for actual outcome.

To buy huge money like 20k euro, I will prefer splitting up and buying in different exchanges and hence I will have less risk of losses.
dna217 (OP)
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March 08, 2017, 11:59:27 AM
 #42

Thanks everyone, I see the correction has started, I've prepared 5k following the suggestion to split the investment.

Now the natural question that follow is which target to wait? Do you think it will break 1150? I suppose so but I like to have your opinions!
Zadicar
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March 08, 2017, 12:52:50 PM
 #43

I just looked at bitcoin chart and I think you should wait a few more days and then buy cause the price is getting a bit lower. Also I don't think you should put all your investment at once. Anyways I don't think it's safe to keep your bitcoins till 2020.
Why you think it is unsafe to hold till next halving? if I had a choice, I would have hold for another 10 years.
Coming back to op,as bitcoin price is making new records, this is not the right time to buy.Wait for 1-2 week till bitcoin price settle down, then buy.
Dont need to argue because no one really knows on what would happen to bitcoin on upcoming years to come.We do have our own perspective and we should respect that on how we gonna engage to bitcoin and you are right better to wait for a week after the news so we could able to spot out the best chance to buy bitcoin.

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