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Author Topic: 1BTC = $600USD, now a good time to buy?  (Read 6920 times)
skyline_king
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September 21, 2016, 04:54:21 PM
 #21

I think it is good btc price has been nice and stable.. more people I feel will invest if the price stay pretty stable..

 I can't make any statement about how well it will do or not  but I am thinking it will be stable for a bit
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September 21, 2016, 05:35:04 PM
 #22

I believe there's more down side than up side at this point. In my posts and threads, I've often repeated how it will stagnate or fall between July (the halving) and Nov/Dec'2016. Before November 2016, this will go down, 500 and under is very possible.

Keep in mind the late Nov/early Dec rise to 800-900.

Keep in mind the coming crash in Jan'2017, we're looking at 250 blood bath level.

What a wild ride it's going to be!

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September 21, 2016, 05:37:29 PM
 #23

I believe there's more down side than up side at this point. In my posts and threads, I've often repeated how it will stagnate or fall between July (the halving) and Nov/Dec'2016. Before November 2016, this will go down, 500 and under is very possible.

Keep in mind the late Nov/early Dec rise to 800-900.


Keep in mind the coming crash in Jan'2017, we're looking at 250 blood bath level.

What a wild ride it's going to be!

Why do you say a crash in Jan coming..
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September 21, 2016, 07:16:13 PM
 #24

I think it is good btc price has been nice and stable.. more people I feel will invest if the price stay pretty stable..

 I can't make any statement about how well it will do or not  but I am thinking it will be stable for a bit

Stability will attract people that are willing to use Bitcoin as currency. Volatility is for investors and traders very important as it will allow them to make profits. Stability isn't wanted by them.
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September 21, 2016, 09:38:22 PM
 #25

Bitcoin will stay in this price for a loooong time, if you want to invest, try to read more about some altcoins. They have much more speculation value right now than the bitcoin.
I doubt the price will double untill next halving
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September 22, 2016, 01:58:18 AM
 #26

Bitcoin will stay in this price for a loooong time, if you want to invest, try to read more about some altcoins. They have much more speculation value right now than the bitcoin.
I doubt the price will double untill next halving

I hope that your speculation is not going to happen and the price of bitcoin is going to remain $600 for a long time. But I think that is better rather than falling down.

And for the next halving the possibility of bitcoins price to increase is higher as that day is going to come.

Before the halving happens the price is going to increase already because of the demand of bitcoin is keep on increasing.

Vires in Numeris
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September 22, 2016, 06:05:45 AM
 #27

i say it is a good time to buy but try to spread your buy orders at a range that you feel more comfortable with so that if price went lower you can still buy a couple of times on different levels and if it only stayed here you can buy at least once.

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Altynbekova
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September 22, 2016, 08:01:23 AM
 #28

Now is a good time to buy if you ask me, the price has been stable for a long time now so I think that this has become the new barrier.
I do not think that the price is going to be much lower then this so you can buy for $600 it is the best option at the moment.
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September 22, 2016, 10:12:56 AM
 #29

If you are in it for the long haul, I think the prices right now won't matter much. Buy with whatever budget you have and forget about it for the next 5 years. Just think that you lost that amount and move on and just go check it again after that span of time. You would be surprised how much the price has changed.
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September 22, 2016, 01:15:23 PM
 #30

Price is going down, here is my assumptions why it happens:

1. Owners of Paxful (service similar to localbitcoins) were arrested in Miami with cocaine and AR-15. This caused uproar in the bitcoin world.

2. Uncertain future of bitcoin legislation in Japan and New Zealand where corresponding National Banks are evaluating bitcoin legal status.

3. Strong USD economic forecasts caused bitcoin investors do decline their support.

Do you know anything more?
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September 22, 2016, 01:56:15 PM
 #31

I truly think that bitcoin will drop this week to around $500 in price as its been around $600 for a long time.

What is the reason though? You believe that just because the price has been around $600 for a long time, that it means it will drop to $500?

There no such basis that bitcoins price would go lower its price like that, even though it stabilize its  price as of now but  its not possible to drop like that, Thus we  must  expect that it would  gradually increase its price  on next week or months, no one really knows on what when it would be.

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September 22, 2016, 02:07:35 PM
 #32

-snip-

When you say long-term, how long are we talking about?
I dont mind holding onto the bitocoin for like....3-4 months. I'm not looking to become a day-trader, but id expect to be able to buy/sell every 3/4 months and make a tidy profit.

it is hard to say. the long term i have in mind is a much longer period of time but i think it is still possible to make some profit in 3-4 months.

Quote
My aim right now is to buy at $550, then sell at $750-800, it depends if i need the money at the time.
25% ROI over 3-4month period seems pretty good for me.

try to find a good entry point that you are sure you will make a profit.

i can only give you an example of the past:
when the bitfinex hack happened i started gathering some fiat from here and there and even got some out of other places to buy bitcoin because i was sure that any price that we saw back then during those days will be an excellent profit. and i was right.

although keep in mind that waiting for a very low price like $500 may never happen ever again.

Quote
If it takes a year, id be abit more annoyed but am willing to wait that long, and im not the sort of person who will 'panic', I know the price will go up again because i am a belive in the technology behind it, unless something drastic happens. (lets say, a worldwide black out for months), then id be worried. (because it would be worthless and i wouldnt even be able to do anything with it haha)

in my opinion when it comes to trading you either have to become a day trader and ride the daily changes and make profit
or become a long term trader and buy low (in a dip) and hold until you see a big rise which you expect a fall (e.g. $780 rise) and sell there
rinse and repeat.

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Xester
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September 22, 2016, 02:16:07 PM
 #33

Sure.  Buy now as many bitcoin user said that its price will goes up before the end of the year.  Buy while the price is low.  If I have some money Ibwould definitely buy.  Sad thing to say is that I am only here just to have bitcoins for my needs.  But given more opportunity I think I will become one of the successful bitcoin earner.
panju1
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September 22, 2016, 03:33:53 PM
 #34

Sure.  Buy now as many bitcoin user said that its price will goes up before the end of the year.  Buy while the price is low.  If I have some money Ibwould definitely buy.  Sad thing to say is that I am only here just to have bitcoins for my needs.  But given more opportunity I think I will become one of the successful bitcoin earner.

Bitcoin seems to have some downward bias, dipping below $600.
I would hesitate putting sizable amounts of money into Bitcoin at this point.
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September 22, 2016, 04:00:43 PM
 #35

Seems like the price of btc has taken abit of a dip in the last week, any experts on trading here have a analysis on the near future for the price?
I'm thinking about making a small investment of 2btc to sell quickly when the price goes back up.

But im no expert on trading, and there is so much knowledge and information available i don't know where to start looking.
It looks quite safe to buy now and the price will rise before the end of the year?

Even an expert trader can't answer what will happen accurately in the following next months.

Here's the best deal, since no such valid support to all the claims whether the price will be up or down, then have a guts to buy at the current rate.

By looking at the weekly chart, the weekly high reached around $610 and the dipping point as of today is around $595. Yes it plays around $600 so I think this price is the correction.

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September 22, 2016, 05:29:10 PM
 #36

Sure.  Buy now as many bitcoin user said that its price will goes up before the end of the year.  Buy while the price is low.  If I have some money Ibwould definitely buy.  Sad thing to say is that I am only here just to have bitcoins for my needs.  But given more opportunity I think I will become one of the successful bitcoin earner.

Bitcoin seems to have some downward bias, dipping below $600.
I would hesitate putting sizable amounts of money into Bitcoin at this point.

You may know about the Bitcoin's future and what will be world will give a trademark to the bitcoin. However value will arise in the end of this year and every halving time also price will rise so it shows bitcoin is with potential and you can buy it.
MONKEYJUNK
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September 22, 2016, 05:48:28 PM
 #37

Bitcoin will stay in this price for a loooong time, if you want to invest, try to read more about some altcoins. They have much more speculation value right now than the bitcoin.
I doubt the price will double untill next halving

I hope that your speculation is not going to happen and the price of bitcoin is going to remain $600 for a long time. But I think that is better rather than falling down.

And for the next halving the possibility of bitcoins price to increase is higher as that day is going to come.

Before the halving happens the price is going to increase already because of the demand of bitcoin is keep on increasing.

I don't know man, looks like a lot of newbies are comming and discover the bitcoin but a lot of older people are trying to bet in altcoins because there a lot over there with good projects...

We have to sit and watch... I doubt the price gonna fall, people love hold Grin
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September 22, 2016, 07:12:39 PM
 #38

Bitcoin will stay in this price for a loooong time, if you want to invest, try to read more about some altcoins. They have much more speculation value right now than the bitcoin.
I doubt the price will double untill next halving

I hope that your speculation is not going to happen and the price of bitcoin is going to remain $600 for a long time. But I think that is better rather than falling down.

And for the next halving the possibility of bitcoins price to increase is higher as that day is going to come.

Before the halving happens the price is going to increase already because of the demand of bitcoin is keep on increasing.

I don't know man, looks like a lot of newbies are comming and discover the bitcoin but a lot of older people are trying to bet in altcoins because there a lot over there with good projects...

We have to sit and watch... I doubt the price gonna fall, people love hold Grin

Its not gonna fall anytime good but it does not has a great future a head right now, no doubts about that.
I think that it will fall a bit but than go up again very soon.
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September 22, 2016, 09:16:12 PM
 #39

Now you can see the price is under $600 so it is a good time to buy and I am sure that the price will increase up within a few weeks so if you want to sell them quick then you will also get the profit and if you will keep them for longer then it will make a big profit for you.
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September 24, 2016, 05:40:43 PM
 #40

Everytime you are not buying Bitcoin you are making a big mistake long term. I have been buying Bitcoin every month since it was 150 dollars at the January 2015 bottom and I have been making only green gains. You can never go wrong long term if you buy every month, I dont care if it takes 1 or 10 years, you always make gains.
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