Monnt
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 Offline
Activity: 938
Merit: 1000
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January 01, 2017, 01:34:49 PM |
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As most of the time, there is no right answer for this, especially with regard to cryptocurrencies. In this market you have to work with probabilities. If you ask me, I think there are good chances that the price may drop a little more, maybe below USD 950, but I don't think it will touch the USD 900. Then I think there are good chances of a higher price increase.
$900 is far from a save price mark. As easy as the price went up lately, that easy is it also to see the price go back down to where we started. At this point I don't even know if the $800 will hold at the time it gets tested. Mainly because of the fact that there isn't real buy support. Buy support that will be visible by the time the price is about to go down, will simply get pulled by bots as soon as the price is nearly touching them. For most people the bitcoin’s price right now seems high to be able to invest in, but if you are able to get one bitcoin for a 1000$ right now you could make some profit, because the bitcoin price might reach higher values, it is high now and it will be high for a very long time so the best chance to get it is now. |
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angaper
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January 02, 2017, 02:17:00 AM |
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When this thread was opened (seven months ago) the price was below $600 and it was undoubtedly a good time to buy more coins. But at this time I am not so sure that it could be a good idea, because we are closer of the record high and at this point none can affirm with certainty what will happen next.
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Japinat
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January 02, 2017, 02:57:06 AM |
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When this thread was opened (seven months ago) the price was below $600 and it was undoubtedly a good time to buy more coins. But at this time I am not so sure that it could be a good idea, because we are closer of the record high and at this point none can affirm with certainty what will happen next.
Don't bet against the trend, you could certainly make profit doing short term investment buying now. I still believe the price will not stop at this level, it could grow more and might surpass the all time high before it will fall back a little bit. Do not hesitate, learn to take bigger risk, now is the right time to buy and tomorrow. |
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X-ray
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January 02, 2017, 04:38:15 AM |
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When this thread was opened (seven months ago) the price was below $600 and it was undoubtedly a good time to buy more coins. But at this time I am not so sure that it could be a good idea, because we are closer of the record high and at this point none can affirm with certainty what will happen next.
Don't bet against the trend, you could certainly make profit doing short term investment buying now. I still believe the price will not stop at this level, it could grow more and might surpass the all time high before it will fall back a little bit. Do not hesitate, learn to take bigger risk, now is the right time to buy and tomorrow. I doubt that when the price just reached the highest point or even surpasses it then the demand might be decreasing due to expensive price and the buyers could be worried to invest into bitcoin because when the price just really high then it's also vulnerable to instant dumping because of panic selling, once someone sell at mass amount then people will following it, and i think that people will have plan to sell it at its highest point |
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Fatanut
Legendary
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Activity: 1008
Merit: 1059
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January 02, 2017, 07:54:41 AM |
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When this thread was opened (seven months ago) the price was below $600 and it was undoubtedly a good time to buy more coins. But at this time I am not so sure that it could be a good idea, because we are closer of the record high and at this point none can affirm with certainty what will happen next.
Don't bet against the trend, you could certainly make profit doing short term investment buying now. I still believe the price will not stop at this level, it could grow more and might surpass the all time high before it will fall back a little bit. Do not hesitate, learn to take bigger risk, now is the right time to buy and tomorrow. That's probably what was somebody that bought at the peak of $1200 range back then was thinking. He bought coins thinking that he will be able to sell it for a higher price and he just have to short trade it. It turns out, that was the peak. You don't want to chase an increasing market because you might end up buying in the peak as well. I would recommend waiting for a little while and see what's going on in the bitcoin market and then look for other's opinion in the speculation board rather than saying "today is good time to buy and tomorrow too." |
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Zadicar
Legendary
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Activity: 1316
Merit: 1020
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January 02, 2017, 05:45:29 PM |
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When this thread was opened (seven months ago) the price was below $600 and it was undoubtedly a good time to buy more coins. But at this time I am not so sure that it could be a good idea, because we are closer of the record high and at this point none can affirm with certainty what will happen next.
Don't bet against the trend, you could certainly make profit doing short term investment buying now. I still believe the price will not stop at this level, it could grow more and might surpass the all time high before it will fall back a little bit. Do not hesitate, learn to take bigger risk, now is the right time to buy and tomorrow. That's probably what was somebody that bought at the peak of $1200 range back then was thinking. He bought coins thinking that he will be able to sell it for a higher price and he just have to short trade it. It turns out, that was the peak. You don't want to chase an increasing market because you might end up buying in the peak as well. I would recommend waiting for a little while and see what's going on in the bitcoin market and then look for other's opinion in the speculation board rather than saying "today is good time to buy and tomorrow too." Thats the hardest part on making some decision regarding on buying bitcoin because we wont know if we are on the peak or on the bottom because no one could able to guess the movement of bitcoins price and as you mentioned to those people who bought $1200 price they would definitely suffer losses when bitcoin crashes down its price back. |
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fiscorcle
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January 02, 2017, 10:43:03 PM |
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When this thread was opened (seven months ago) the price was below $600 and it was undoubtedly a good time to buy more coins. But at this time I am not so sure that it could be a good idea, because we are closer of the record high and at this point none can affirm with certainty what will happen next.
Don't bet against the trend, you could certainly make profit doing short term investment buying now. I still believe the price will not stop at this level, it could grow more and might surpass the all time high before it will fall back a little bit. Do not hesitate, learn to take bigger risk, now is the right time to buy and tomorrow. That's probably what was somebody that bought at the peak of $1200 range back then was thinking. He bought coins thinking that he will be able to sell it for a higher price and he just have to short trade it. It turns out, that was the peak. You don't want to chase an increasing market because you might end up buying in the peak as well. I would recommend waiting for a little while and see what's going on in the bitcoin market and then look for other's opinion in the speculation board rather than saying "today is good time to buy and tomorrow too." Thats the hardest part on making some decision regarding on buying bitcoin because we wont know if we are on the peak or on the bottom because no one could able to guess the movement of bitcoins price and as you mentioned to those people who bought $1200 price they would definitely suffer losses when bitcoin crashes down its price back. Arguably though, if you believe in BTC at all, you should invest because long-term growth. Also, far too many of us here (myself included) are prone to spending, wasting, or gambling away our BTC in istupid moments |
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john2231
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January 02, 2017, 10:56:51 PM |
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When this thread was opened (seven months ago) the price was below $600 and it was undoubtedly a good time to buy more coins. But at this time I am not so sure that it could be a good idea, because we are closer of the record high and at this point none can affirm with certainty what will happen next.
Don't bet against the trend, you could certainly make profit doing short term investment buying now. I still believe the price will not stop at this level, it could grow more and might surpass the all time high before it will fall back a little bit. Do not hesitate, learn to take bigger risk, now is the right time to buy and tomorrow. That's probably what was somebody that bought at the peak of $1200 range back then was thinking. He bought coins thinking that he will be able to sell it for a higher price and he just have to short trade it. It turns out, that was the peak. You don't want to chase an increasing market because you might end up buying in the peak as well. I would recommend waiting for a little while and see what's going on in the bitcoin market and then look for other's opinion in the speculation board rather than saying "today is good time to buy and tomorrow too." Thats the hardest part on making some decision regarding on buying bitcoin because we wont know if we are on the peak or on the bottom because no one could able to guess the movement of bitcoins price and as you mentioned to those people who bought $1200 price they would definitely suffer losses when bitcoin crashes down its price back. Yeah that is the problem but how about if the price will increase more.. so you lose the opportunity better to always buy more bitcoins if the price was crash if you really don't want to lose just hold those bitcoin and wait again for the price increase since we are already tested that bitcoin is always increasing becaise more adoption will come more price increase will come and its a normal that the price are crashing because it is always depends in demand and supply.. |
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naidray
Legendary
Offline
Activity: 1232
Merit: 1029
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January 03, 2017, 07:01:46 PM |
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Well if u bought at the time you posted this thread then i would highly recommend you but buying now when the price is goin to touch 1000$ nah i would recommend you to wait for few months the price may come down and then u should u buy btc for urself
yes, Buying at pick price is a gamble you can wait to buy when the price go down but If you will buy now the price will go down and you will loose some or large part of your money. So Buying now is a risk patience is a virtue. I agree for you to wait until the price will go down. It is peak I guess what you said as pick. Please understand that the price $1000 is anot a maximum boundary and bitcoins WILL SURELY reach higher values than this too. This misconception of $1000 is actually leading to most investors being dumping their coins. I guarantee they will regret later. |
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geopolisch
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January 03, 2017, 09:32:35 PM |
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When this thread was opened (seven months ago) the price was below $600 and it was undoubtedly a good time to buy more coins. But at this time I am not so sure that it could be a good idea, because we are closer of the record high and at this point none can affirm with certainty what will happen next.
Yeah exactly ! It is not easy to make big profits buying at this price because though the price might get to much higher values but you might not make profit of 400-500$ per bitcoins. I think the price would get to around 1250 USD and then starts dropping, lets see if it happens  |
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senyorito123
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January 03, 2017, 09:49:22 PM |
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When this thread was opened (seven months ago) the price was below $600 and it was undoubtedly a good time to buy more coins. But at this time I am not so sure that it could be a good idea, because we are closer of the record high and at this point none can affirm with certainty what will happen next.
Yeah exactly ! It is not easy to make big profits buying at this price because though the price might get to much higher values but you might not make profit of 400-500$ per bitcoins. I think the price would get to around 1250 USD and then starts dropping, lets see if it happens And also its so risky since theres a big possibilities that price will go down at this current level since we cannot take out that many dumpers will dump there btc since they are satisfied for their profits at this current rate, thats the reason why at this point i can't tell if its good to buy nor not, since we are at unpredictable level will some speculator speculates that the 2013 happenings will.be happen again when price of bitcoin reach to 1000$. |
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Yuuto
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January 03, 2017, 10:00:35 PM |
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When this thread was opened (seven months ago) the price was below $600 and it was undoubtedly a good time to buy more coins. But at this time I am not so sure that it could be a good idea, because we are closer of the record high and at this point none can affirm with certainty what will happen next.
I think so too because the price is near the all time high and I'm not sure which way it's going yet. Right now it is moving just sideways but it could be a fierce drop from hereon in or it might steadily climb a bit more. Personally I think it is always a good time to buy coins even if the price is high because I believe bitcoin is going to be used widely in a SHTF situation. Nobody is going to turn to precious metals, simply because they are not as divisible and convenient as bitcoin. |
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Fatanut
Legendary
Offline
Activity: 1008
Merit: 1059
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January 04, 2017, 02:05:53 AM |
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When this thread was opened (seven months ago) the price was below $600 and it was undoubtedly a good time to buy more coins. But at this time I am not so sure that it could be a good idea, because we are closer of the record high and at this point none can affirm with certainty what will happen next.
Don't bet against the trend, you could certainly make profit doing short term investment buying now. I still believe the price will not stop at this level, it could grow more and might surpass the all time high before it will fall back a little bit. Do not hesitate, learn to take bigger risk, now is the right time to buy and tomorrow. That's probably what was somebody that bought at the peak of $1200 range back then was thinking. He bought coins thinking that he will be able to sell it for a higher price and he just have to short trade it. It turns out, that was the peak. You don't want to chase an increasing market because you might end up buying in the peak as well. I would recommend waiting for a little while and see what's going on in the bitcoin market and then look for other's opinion in the speculation board rather than saying "today is good time to buy and tomorrow too." Thats the hardest part on making some decision regarding on buying bitcoin because we wont know if we are on the peak or on the bottom because no one could able to guess the movement of bitcoins price and as you mentioned to those people who bought $1200 price they would definitely suffer losses when bitcoin crashes down its price back. Arguably though, if you believe in BTC at all, you should invest because long-term growth. Also, far too many of us here (myself included) are prone to spending, wasting, or gambling away our BTC in istupid moments I guess? But you don't necessarily have to wait long-time if you could invest at the right time. Back to the 1200$ guy, he most probably is smiling right now because finally 1200$ is almost there. Most of the other people that has bought bitcoins at 1200$ range sold their coins for a lower price when they see the price is dramatically decreasing to prevent any further loss. |
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dearbesz1219
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January 04, 2017, 05:15:37 AM |
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The price value of bitcoin for now is getting higher, and we don't know where it should gonna be. So I would suggest not to buy because it will hard and it will hurt you badly if the price fluctuate at once, though it can be said as stable price by now. just wait for the meantime, then once the price decrease its up to you if you like to buy.
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pooya87
Legendary
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Activity: 3430
Merit: 10517
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January 04, 2017, 06:14:50 AM |
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we are currently witnessing a FOMO state where a lot of people are afraid they are missing out on bitcoin profit and many will start this fearing soon and they all rush to buy bitcoin, which means we are going to be on the rise for the following days and possibly a week or two where price keeps going up only.
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X-ray
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January 04, 2017, 08:23:51 AM |
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The price value of bitcoin for now is getting higher, and we don't know where it should gonna be. So I would suggest not to buy because it will hard and it will hurt you badly if the price fluctuate at once, though it can be said as stable price by now. just wait for the meantime, then once the price decrease its up to you if you like to buy.
it's depend. if he's going to buy bitcoin to pay some bills then it's fine but if it's in purpose to gain some profit then it's bad, also nowadays is really hard to earn bitcoin outside of this forum and for example is those faucets which are now most of them are closed due too high price of bitcoin making the owners broke if people rapidly claiming and/or getting attacked by bots deployed by faucet hunter |
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Fatanut
Legendary
Offline
Activity: 1008
Merit: 1059
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January 05, 2017, 10:56:46 AM |
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The price value of bitcoin for now is getting higher, and we don't know where it should gonna be. So I would suggest not to buy because it will hard and it will hurt you badly if the price fluctuate at once, though it can be said as stable price by now. just wait for the meantime, then once the price decrease its up to you if you like to buy.
it's depend. if he's going to buy bitcoin to pay some bills then it's fine but if it's in purpose to gain some profit then it's bad, also nowadays is really hard to earn bitcoin outside of this forum and for example is those faucets which are now most of them are closed due too high price of bitcoin making the owners broke if people rapidly claiming and/or getting attacked by bots deployed by faucet hunter Someone who can make a script to automatically claim in faucet sites should have a good job in real life and shouldn't be wasting his time with faucets since he's very knowledgeable enough about scripts to know how to bypass captchas, and move on from one faucet site to another or maybe even claim simultaneously. He's going to earn much more than his auto-claim-from-faucet script can make. It's not hard to earn bitcoins outside of this forum, btw. The only things that you can do here to earn money is sell stuffs, offer services, and signature campaign. Selling stuffs and offering services would require audience, this is not the only forum where you can find bitcoin users. To some people this forum isn't a really good place to do those (sell stuffs+offer service) because there's already trusted people here. For example, if you're going to try managing signature campaign or do lending, people would ask you various stuffs first and the majority would prefer going with the trusted user over you. |
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farhaan
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January 05, 2017, 12:36:32 PM |
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Yes, it is definitely good time to invest in bitcoins. If you do late in investing, then definitely you have to pay more for buying the same number of bitcoins later. Already, it has reached $1070 price. Better invest now itself.
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bravehearth0319
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January 06, 2017, 04:24:58 AM |
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I'm planning on getting a fraction of a bitcoin. Maybe about 1/4 or 1/8 BTC just to fill my wallet with something. Is now a good time to do so?
I could say that its not the good time for now to buy a bitcoin due to it will surely goes down a days from now, just hold and wait, that's the only thing we can do for now. And by getting bitcoins the option are; join in the signature campaign and do their rules, or do the the bitcoin faucets, or buy bitcoin if you have enough fund for it. |
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Fatanut
Legendary
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Activity: 1008
Merit: 1059
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January 06, 2017, 10:22:29 AM |
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When this thread was opened (seven months ago) the price was below $600 and it was undoubtedly a good time to buy more coins. But at this time I am not so sure that it could be a good idea, because we are closer of the record high and at this point none can affirm with certainty what will happen next.
It is in fact, the general impression of traders that tilts the market to the side that it goes, so now the majority of traders are of the impression that bitcoin is already overpriced, so buying it now would not be a very good business decision even though the project for bitcoin in 2017, is that the $2500 price mark would be hit. Like it has been said over and over again, the way to profit in trading is by buying low and selling high. If you have been observing the market keenly, you would have noticed as a result of the cyclic nature of the market, that there will always be another opportunity to buy low. The opportunity to buy low is today. The price has been playing around 900$-950$. There has been a recent dump/panic dump that has happened. Some people would doubt that it's a good time to buy right now since it's $900 and $900 is a big amount of money to most. That's the same thing people back then was thinking. Even the OP of this thread has made this thread because he was doubtful with the $600 price. Now, he's enjoying his profits. It is in fact, the general impression of traders that tilts the market to the side that it goes, so now the majority of traders are of the impression that bitcoin is already overpriced, so buying it now would not be a very good business decision even though the project for bitcoin in 2017, is that the $2500 price mark would be hit.
The price right now is overpriced only to people that wants to cash out in a year or two. But for someone that wants to invest bitcoins and then cash out after a couple of decades, the price of bitcoins right now is soooooo cheap (and I can't even emphasize that even more). Bitcoin is still in the beginning phase and this price will be something people in the future would think as "really really cheap" just like how we see the price of the past (a couple of dollar for a bitcoin) as really really cheap. |
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