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Author Topic: When do you buy Bitcoin ?  (Read 200764 times)
calkob
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November 28, 2015, 10:23:03 PM
 #1

Just wondering when everyone buys bitcoin, weekly, monthly or just on the falls?  thinking of setting up something regular to ride out the waves.....  Grin
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November 28, 2015, 11:37:58 PM
 #2

Im accumulating fiat until I see a good price
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November 29, 2015, 02:04:46 AM
 #3

I don't have any regular schedule or anything. Usually would only buy when value seems low enough that it wouldn't dip after I purchased.

Although, lately I haven't been buying any. A regular schedule would likely be the best bet. Maybe allocate a certain percentage of each paycheck or something so it is a slow, steady trickle.
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November 29, 2015, 02:12:34 AM
 #4

i rarely buy btc. last time i bought btc was when the prices were stable at around 230 ish. i think ill buy again if they go under 300.
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November 29, 2015, 03:23:50 AM
 #5

i buy it when it falls and i also buy bitcoin with a fixed amount of fiat each month to send to my wallet to hold for a long time. as long as the price stays below a certain price level i will continue to do it.
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November 29, 2015, 03:45:35 AM
 #6

I always do when the price falls, its good to hold some btc ,one day you might be insanely rich guy. Many people buy bitcoins to keep their wealth anonymous.

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November 29, 2015, 04:13:47 AM
 #7

I use to buy a little every month when the price was low, right now it looks as if it might go down a bit further so currently I am not buying but if and when the price goes down I have the funds ready to get in.

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November 29, 2015, 06:42:42 AM
Last edit: November 29, 2015, 08:41:17 AM by n2004al
 #8

Just wondering when everyone buys bitcoin, weekly, monthly or just on the falls?  thinking of setting up something regular to ride out the waves.....  Grin

The price of bitcoin is the most unpredictable thing in this world.Because of its primary characteristics no one can tell what will happen with except rare cases (such may be halvings). It is decentralized (so no one can take care of it to help in achieving the staying in a given level) and is yet child (and is such is "capricious" and do what want; if old and mature will be more restrained and cannot go so fast up and down without any kind of rule). Having those in mind the only thing that can be made (at least that is what I do) is to buy every day on every various period little quantity of it. In this way you will not "feel" the costs and will have always more an more.
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November 29, 2015, 08:32:13 AM
 #9

Just wondering when everyone buys bitcoin, weekly, monthly or just on the falls?  thinking of setting up something regular to ride out the waves.....  Grin

no timetable for buy bitcoin , I buy bitcoin only when the price falls after a few days stable Smiley
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November 29, 2015, 08:41:00 AM
 #10

Just wondering when everyone buys bitcoin, weekly, monthly or just on the falls?  thinking of setting up something regular to ride out the waves.....  Grin

I usually sell stuff to get bitcoins and in case the buyer don't accept or don't have Bitcoin as payment method then I accept Paypal and then I buy Bitcoin using Paypal , so It's basically monthly/whenever I have the money  ... once I have decent stuff to sell (mostly digital) .

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November 29, 2015, 09:00:11 AM
 #11

I am only doing trading for small profit with my bitcoin neither buying nor selling. From here it will cost me around +30% more to buy bitcoin with my local currency, so i can't convert my fiat into bitcoin.

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November 29, 2015, 10:10:04 AM
 #12

When I see a fall, I do my research. I usually do it for a day, to make sure that Bitcoin isn't going to continue that down-trend. A few times I have missed that huge rise, a few times I stayed out and didn't lose alot of my money, and a few times I've done pretty well, if I do say so myself. It depends on how safe you want to be. The less safe, the more lucrative. But it's a double-edged blade. Think carefully.

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November 29, 2015, 11:07:33 AM
 #13

I usually sell a few things on ebay each month and when I do I just use paypal and pay a little premium and pick up btc. I figure even if btc dies one day its not like I cashed out my 401k and sunk it into bitcoin. Just little investments here and there and it actually adds up nicely.



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Rainbot
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November 29, 2015, 11:16:51 AM
 #14

When the value has stabilized after a (huge) spike; gotta avoid the beartraps. Also, when the prices is very steadily and slowly going upwards. If it rockets upwards, then a correction or something like that is close and investing tends to be unwise, especially when trading on short and mid-term.
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November 29, 2015, 11:29:53 AM
 #15

I only buy Bitcoin when it is getting dumped to the ground, that's when I do buy low and sell high. Other than that, I buy Bitcoin when there are large enough price swings to profit from, but that's purely for day trading purposes.

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November 29, 2015, 11:37:04 AM
 #16

not buying at the moment, but earning it directly, which is much better imho

but usually when i see a long stagnation, like it was with the 230 mark
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November 29, 2015, 11:46:32 AM
 #17

As there so many different types of people out there, the way when, how and how much bitcoins they buy is also very different.
The more money someone had which he can afford to lose the more often he might buy Bitcoin.
Others who have to safe a certain amount of fiat before they can invest will buy much less often of course.The same goes for the amount they can invest.
Furthermore it depends how much risk someone will take. Risk takers buy and trade way more often than conservative participants.
And of course everybody wants to buy when price is "low".And there lots of subjective opinions what "low" is.
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November 29, 2015, 12:07:40 PM
 #18

I only buy Bitcoin when it is getting dumped to the ground, that's when I do buy low and sell high. Other than that, I buy Bitcoin when there are large enough price swings to profit from, but that's purely for day trading purposes.

I think it is very difficult to guess the low prices in any investment either it is bitcoin price or share prices so the best method to buy is start buying in small quantities when ever you can and get the best average price over the time. I always buy when I get some extra cash and will sell when I make some decent profit.
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November 29, 2015, 12:20:13 PM
 #19

I only buy Bitcoin when it is getting dumped to the ground, that's when I do buy low and sell high. Other than that, I buy Bitcoin when there are large enough price swings to profit from, but that's purely for day trading purposes.

I think it is very difficult to guess the low prices in any investment either it is bitcoin price or share prices so the best method to buy is start buying in small quantities when ever you can and get the best average price over the time. I always buy when I get some extra cash and will sell when I make some decent profit.

It is impossible to know what the ultimate low of the price will be. The best we can do is guess and do a bit research as far as that is possible. That's why I always buy when people are unhappy and are selling like there is no tomorrow.

Some times when I buy the price may go down a bit further, but that's not a problem at all as I never go all in. I always do 25% buying at start and leaving 75% fiat in my account for when the price goes down even further. That's how I will continue to benefit from the price going lower. If the price goes down at least $10-$20 lower than when I bought, I use another 10% of my fiat to buy again.

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November 29, 2015, 12:36:32 PM
 #20

I bought a few through localbitcoins. I never sold any. I just use it when the price is high. I hold most bitcoin.

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