Buy at $780-800 USD

[SvenBomvolen]

   Price now is 768 dollars for 1 btc, and I see this as a huge drop. Spazzdla you are legendary member, and I see you are long in this business, do you really think it will rise again. I have some amount, and now I wondering to hold more or to sell and take what I can take.
   I have never been in situation like this one, so any advice would be great. I`m thinking about it all day, and I regret cause I didnt sell when it was 1000. I`m a rooky in all this, and now I`m sweating and wondering what to do and to not make some big mistake.

[richardsNY]

I couldn't resist buying back 2 BTC at $780 that I have sold over $1000 not that long ago. I am quite satisfied with this outcome where I will buy buy back more, but only if the price drops to the far lower side of $700. If the price climbs back up, then it's good because I already bought back.

[StevensonCarl]

I did not done this and I also do not think that its smart because its just a very high buying price, I would wait on a lower price if I buy again.

[TravisNeko]

Buying at that price is maybe worth it but the profit will right now be minimum so I doubt about doing that, maybe with some patience it can make you rich but its a heavy investment and pricey.

[Zigsss]

Buying at that price is maybe worth it but the profit will right now be minimum so I doubt about doing that, maybe with some patience it can make you rich but its a heavy investment and pricey.

I also doubt if it will be good for making profit but its depending on what the price is gonna do soon or later.

[spazzdla]

  Price now is 768 dollars for 1 btc, and I see this as a huge drop. Spazzdla you are legendary member, and I see you are long in this business, do you really think it will rise again. I have some amount, and now I wondering to hold more or to sell and take what I can take.
   I have never been in situation like this one, so any advice would be great. I`m thinking about it all day, and I regret cause I didnt sell when it was 1000. I`m a rooky in all this, and now I`m sweating and wondering what to do and to not make some big mistake.

Let me tell you the story of how I started with BTC.  Similar to many peoples I am sure.

I was playing golf in 2013 and my buddy tells us we should buy bitcoin, $70 per coin.  I look into it, spend some time to complicated give up.  Was going to buy 10. Forget about it.

Dec 2016, I read BTC is $600... FOMO (fear of missing out) sets in and I get setup on an exchange as quick as possible, takes several days, BTC explodes during that time.. now over $1000, I am setup. I buy into bitcoin first at $1100 CAD, oh ya I did.  
It starts dropping and I want to get in at mining.  I buy 4 S1's when BTC was around $800, the network difficult spikes... the returns are not what I anticipated.  I got my coins back but it cost hydro to do it.  I still want to mine and buy the S3's as soon as they come out, probably turn a small profit even after power costs.  
Buy more coins around $600 then at $400.. BTC drops to $200(The S1s are shut off).  I do nothing for a bit, it holds at $200.  I buy some at $200 planning to buy a larger chuck at $100 and double every bitcoin I own at $50.  

Bitcoin skyrockets to $500(I buy a tad). Falls holds for some time(S3's are shut off, draw way to much power, buy USB miners to mine for fun).

Bitcoin skyrockets to $780, falls, holds for a a tad.

Bitcoin skyrockets to $1500 CANDIAN , falls (I buy a tad),  and here we are.




I have been watching a lot of BNN and it has been suggested buying lower to drop your average buy cost is a good idea.  You REALLY need to look into what you are buying however.  I believe BTC has a chance to rival gold as a store of value.  Could also be a world reserve currency but forget about dreaming crazy big just looking at a store of value, if BTC held 50% the market cap of gold.. $250,000.00  per coin..  IMO BTC is better in gold in every way EXCEPT, for world ending situations and lets be honest who cares you're probably dead and the potential for an unknown bug or flaw in an encryption algo that doesn't get fixed.  I am betting on any bug we run into gets fixed with out the failure of BTC and it seriously competes with gold as the store of value people chose in rough times.

[ynef]

Look at the charts man. Plus China is still "investigating" all of this market manipulation thing. I say it's going down real good due to panic selling. $500 isn't that far off any more. I remember when I bought at $400, was hodling all this time and still am. *poker face*

I hate to say it, but Trump could make Bitcoin great again.

[Tanic]

I don't know the reasons of bitcoin droop, but it's a really good chance to buy some. That is what we waited, me and all those users who wanted to invest in bitcoin. So, let's not skip this chance.

[Golftech]

I don't know the reasons of bitcoin droop, but it's a really good chance to buy some. That is what we waited, me and all those users who wanted to invest in bitcoin. So, let's not skip this chance.

which is right we already seen that the price went up to 1k$+ and we don't know whether it can go back up from that stage or if the price will keep fallen down but its a good chance for newcomers to invest and hold it seems that bitcoin will get his free advertisement with media covering the downfall and for sure we will see big players to join the ride, lets keep supporting and buy little by little.

[socks435]

I think more price decreases will happen soon because there is still more red in the market and i think they are still pushing down the price of bitcoin but the other traders still pushing it up.. it is hard to predict right now if you are just  buy bitcoin there is the possibility that you will hold it for a long time instead you be lose if you sell it early..

[SvenBomvolen]

  Price now is 768 dollars for 1 btc, and I see this as a huge drop. Spazzdla you are legendary member, and I see you are long in this business, do you really think it will rise again. I have some amount, and now I wondering to hold more or to sell and take what I can take.
   I have never been in situation like this one, so any advice would be great. I`m thinking about it all day, and I regret cause I didnt sell when it was 1000. I`m a rooky in all this, and now I`m sweating and wondering what to do and to not make some big mistake.

Let me tell you the story of how I started with BTC.  Similar to many peoples I am sure.

I was playing golf in 2013 and my buddy tells us we should buy bitcoin, $70 per coin.  I look into it, spend some time to complicated give up.  Was going to buy 10. Forget about it.

Dec 2016, I read BTC is $600... FOMO (fear of missing out) sets in and I get setup on an exchange as quick as possible, takes several days, BTC explodes during that time.. now over $1000, I am setup. I buy into bitcoin first at $1100 CAD, oh ya I did.  
It starts dropping and I want to get in at mining.  I buy 4 S1's when BTC was around $800, the network difficult spikes... the returns are not what I anticipated.  I got my coins back but it cost hydro to do it.  I still want to mine and buy the S3's as soon as they come out, probably turn a small profit even after power costs.  
Buy more coins around $600 then at $400.. BTC drops to $200(The S1s are shut off).  I do nothing for a bit, it holds at $200.  I buy some at $200 planning to buy a larger chuck at $100 and double every bitcoin I own at $50.  

Bitcoin skyrockets to $500(I buy a tad). Falls holds for some time(S3's are shut off, draw way to much power, buy USB miners to mine for fun).

Bitcoin skyrockets to $780, falls, holds for a a tad.

Bitcoin skyrockets to $1500 CANDIAN , falls (I buy a tad),  and here we are.




I have been watching a lot of BNN and it has been suggested buying lower to drop your average buy cost is a good idea.  You REALLY need to look into what you are buying however.  I believe BTC has a chance to rival gold as a store of value.  Could also be a world reserve currency but forget about dreaming crazy big just looking at a store of value, if BTC held 50% the market cap of gold.. $250,000.00  per coin..  IMO BTC is better in gold in every way EXCEPT, for world ending situations and lets be honest who cares you're probably dead and the potential for an unknown bug or flaw in an encryption algo that doesn't get fixed.  I am betting on any bug we run into gets fixed with out the failure of BTC and it seriously competes with gold as the store of value people chose in rough times.

   I think your experience is not so frequently. You invested money in bitcoins, a lot of time, you mined bitcoins. That is awesome I think, you have history with bitcoins.
   "..but forget about dreaming crazy big.." I`m aware of potential, but even you are, like experienced member here, a gambler. " I am betting on any.." When you bet on something in the end that is just a bet, that can go wrong in some moment.
   Lets wait to see what will happen after this drop, I will risk and continue to keep my coins safe.
   

[burner2014]

I am also about to start to buy bitcoin again and start to hold it.
Truly economics apply in bitcoin, since now the bitcoin is low many people will buy and the price again will rise. Who know after a month bitcoin price will surprise us. It really depends on the users. 

[gilangIDR]

I am also about to start to buy bitcoin again and start to hold it.
Truly economics apply in bitcoin, since now the bitcoin is low many people will buy and the price again will rise. Who know after a month bitcoin price will surprise us. It really depends on the users. 

the conclusion that now is the right time, and also we can benefit greatly in the future. using bitcoin in the future will become daily. This is a great time to buy a bitcoin with the money we have.

[KitcatCat]

Im buying some everyday but I wish I could buy more then some. I guess my come will just have to do.

[JamesColombia]

I couldn't resist buying back 2 BTC at $780 that I have sold over $1000 not that long ago. I am quite satisfied with this outcome where I will buy buy back more, but only if the price drops to the far lower side of $700. If the price climbs back up, then it's good because I already bought back.

Can maybe be good and it will climb again but I think that when you bought the price was too high if I have to be really honest.

[Chris!]

It's great for a trader to experience this level of volatility. I am only buying for the purpose of trading as all my other coins that I have for holding purposes are bought below the $300 level. In that regard, it's not interesting for me to pile up even more coins at these levels. That being said, somehow I have the feeling that we may drop further down till a point where we may settle below $800 for a couple of days. Just make sure you have some money left in case the price drops down further. If you buy in smaller fractions then you might even buy all the way down. It will average down your buying price significantly. Never go all in.

It's called dollar cost averaging and it's a great way to invest over the longterm. It actually mitigates your risk because you avoid putting a lot of money in all at once. You'll see a steadier fluctuation with your funds rather than huge spikes up and down.

I just bought some more bitcoins for the long-haul!

[CryptoUser25]

Its just your own choice it can be okay but I would not do it, I simply consider this price as too high to buy, I think its not profitable enough with the upcoming price but of course you never know what happens with the price so it can also be an option to still do it.

[Wind_FURY]

Buy all the coins, ALL OF THEM.

This is the resistance line.. HODL IT and profit from it.

Are you desperate for the price to hold? I am sorry but the price will go lower than $780 - $800. You should not give bad advice here in the forum because there are a lot of newbies here who might listen to you. There is an expression among traders. It says "Avoid catching a falling knife". Everyone should adhere to it to steer clear from losing any money.

[aardvark15]

I'm buying small amounts below 800 but I still think the price could go lower. Could the price drop to as low as 500?

[ask]

I'm buying small amounts below 800 but I still think the price could go lower. Could the price drop to as low as 500?

Below 500 is smart buy.