Invest 10k - 20k

[dna217]

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

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[cryptworld]

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.

[Wapinter]

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.

[cryptworld]

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.

My opinion is that bitcoin will become safe currency only if stock markets get a big hit. If stock markets suffer a decline then bitcoin will be safe investment. Otherwise I wouldn't hold it til 2020

[eternalgloom]

I would personally be inclined to buy a huge amount, even at current prices. Let's see if this prediction comes true, I'd say that within one month, we'll see an all time high of around 1300 dollars at least and I don't think it will drop below $1000.

I've had good experiences with Kraken and Poloniex, so those are the only exchanges I would recommend.

[dna217]

Thanks everyone, I really hope eternalgloom is right hehe  
About buying so the suggestion is to use directly exchanges? You say so considering security, fees or both?
 

[death69]

I think only services can have a good amount of Bitcoin for you to buy and sell. However, they charge a quite big fee and I doubt that you will satisfy with it. Why don't you increase your reputation and then you can sell and buy Bitcoin with a nice price. If you are a trusted member, people will sell Bitcoin to you without any doubt

[SONG GEET]

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)

1. BTC-E and localbitcoins for high volume daily trading  Look at coinbase, kraken and bitfinex they have much more volume than others.

2. Price is pumping really hard in this week so you better wait for some correction so that you can buy bitcoin in range of 1000$-1100$.

3. If you can wait for next 4 years (next halving) than current price can be considered as good price. Good luck

[Catmony]

If you are thinking about holding bitcoin for long term than current price is good buy point (but don't get panic if we see some correction within few days/weeks after big rise like right now).
- Don't panic on dump
- Don't get excited on pump and buy more
- Rather than keep waiting for price rise, try to quickly sell/buy for few $ profit daily/weekly

[avatar_kiyoshi]

Thanks everyone, I really hope eternalgloom is right hehe 
About buying so the suggestion is to use directly exchanges? You say so considering security, fees or both?
 

Buy such a big amount, I think better to use directly exchange.
Fees and security, both also need to considered. Use exchange I think it will charge pretty much fees, but use localbitcoin I think rarely to see people hold such amount, unless you separate such amount to buy periodically.

[ArdiPrabowo]

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

if you investment in use capital money 10-20k dollar
i think is very long time if you must wait until year 2020, so in 3 year youre money not return money, is nothing money, is bad decision

[sunsilk]

I'm thinking two things if you wait, it's either you will see bitcoin at lower price (not too low) but still an advantage for buying.

And you can see the price to keep on increasing which you will doubt to buy even more. We have almost the same time frame.

I'm also planning to hold until he next halving.

[uneng]

Now it's not a good time to buy bitcoins, the price is good to sell or to wait a bit more.
If you are ready to hold until 2020, do this, you will have a lot of profit in long run. Bitcoin is the best long term investment these days, I never saw nobody complaining about this, many investors are building their future investing in bitcoins.

[JeffBrad12]

1. Where I should buy such quantity? Up to now I've been using BTC-E and Localbitcoins to buy/sell BTC

You've already on the right place.

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?

This time bitcoin is unpredictable but the main speculation about the bullish of bitcoin will end on 11 march.

3. I'm ready to hold it till the next halving (2020 I believe),
do you consider it safe (even at the current price)

With the halving and it will decrease the supply of bitcoin. and i think there is a chance for the price of bitcoin to double soon.

[squatz1]

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.

My opinion is that bitcoin will become safe currency only if stock markets get a big hit. If stock markets suffer a decline then bitcoin will be safe investment. Otherwise I wouldn't hold it til 2020

Even if the stock market takes a tank people will still keep going back to it and back to it as it does prove to give a good amount of gains overtime when it comes to putting the stock market on graphs for 50 years for example. It's been the safest investment so far even if people face setbacks during financial recessions like in 2008 when the stock market crashed.

You can't go ahead and compare a currency to the entire investment market (mostly used at least) for the United States, it just doesn't make sense in the least.

Though OP I don't think you should go ahead and purchase at the moment, give the hype some time to die down before you go ahead and purchase.

[emezh10]

I agree. Bitcoin is growing and growing because of the supply and demand reaction. Many people will invest and bitcoin this year and the price of the bitcoin will grow and grown because of that. Me myself is investing in bitcoin because bitcoin will grown as time pass by because bitcoin is only starting. It's like when people buy bitcoin the price will grow as simple as that and I am agree that investing with bitcoin is good opportunity for everyone because bitcoin has a bright future. And in the pasty speculation the bitcoin market price will reach the pick of 25000$ So better to save bitcoin now.

[tabas]

So it looks like you are an earlier comer than me. Then if so why you need to ask those questions if you are already into bitcoin for years already.
But I will answer some of it.

1. Where I should buy such quantity? Up to now I've been using BTC-E and Localbitcoins to buy/sell BTC

Go for LBC you can see a lot of sellers there and you can compare them and buy the lowest.

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?

It's a good time if your a rich guy but if you are not that one, don't buy it's really high.

3. I'm ready to hold it till the next halving (2020 I believe), do you consider it safe (even at the current price)

Let's do it together mate I'm doing it too.

[chaser15]

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

1. Stick to that if you feel you are comfortable using them. You have been using them for a long time.

2. There's no such thing as good time but right timing. Up to you to decide if you will consider any rate as "right timing".

3. Well if you consider holding then don't sell and expect that price will be up more till the next halving. It will take time are you really sure you want to do this?

[Sled]

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

You can stick on buying and selling bitcoins in localbitcoins because that is a good site and i also tried that and i don't have any issue encountered using that. Patience is a virtue and you can wait for the price to pump more and as what you said, the next halving is incoming in 2020 which there is a high possibility of doubling the price now because there is a lot of factors that can help the price to spike up. So it is worth to wait up to 2020.

[bamboylee]

You can buy bitcoins now but do not use all your money yet. Let's wait out what will happen on the decision about ETF. The price may go down if it gets disapproved and that is a perfect time to buy.

The decision to hold until the next halving is quite good. We saw the effect of this halving to the price last time. It may happen again and your bitcoin may give you a profit of 10 times.

[Sled]

You can buy bitcoins now but do not use all your money yet. Let's wait out what will happen on the decision about ETF. The price may go down if it gets disapproved and that is a perfect time to buy.

The decision to hold until the next halving is quite good. We saw the effect of this halving to the price last time. It may happen again and your bitcoin may give you a profit of 10 times.

This is also a good advice, don't invest all your money but only invest what you can afford to lose because that will help you to think comfortable of your investment and you don't need to worry about getting negative profit from sudden dump because you just invested a mid range money that you are ready to lose. Investing is bit kind of gambling but it can help you to grow your income.

[dna217]

So it looks like you are an earlier comer than me. Then if so why you need to ask those questions if you are already into bitcoin for years already.
But I will answer some of it.

1. Where I should buy such quantity? Up to now I've been using BTC-E and Localbitcoins to buy/sell BTC

Go for LBC you can see a lot of sellers there and you can compare them and buy the lowest.

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?

It's a good time if your a rich guy but if you are not that one, don't buy it's really high.

3. I'm ready to hold it till the next halving (2020 I believe), do you consider it safe (even at the current price)

Let's do it together mate I'm doing it too.

Well, I'm an earlier comer than you but I always played safely. Small investments, more like experiments to test the ground... Now with this decision, I feel the uncertainty to make a new move, and so I had the need to discuss it 

[dna217]

You can buy bitcoins now but do not use all your money yet. Let's wait out what will happen on the decision about ETF. The price may go down if it gets disapproved and that is a perfect time to buy.

The decision to hold until the next halving is quite good. We saw the effect of this halving to the price last time. It may happen again and your bitcoin may give you a profit of 10 times.

Thanks, the decision to hold until the next halving is more like an emergency plan. I hope to free the investment sooner but if something happen like the dump of 2014, I will hold it till then.

[dna217]

1. Where I should buy such quantity? Up to now I've been using BTC-E and Localbitcoins to buy/sell BTC

You've already on the right place.

You mean here on the forum? Is it safe?

[Idrisu]

Currently, bitcoin is over prices I.e at the over bought zone. What you need to do now is be patient when the price pull back to $1000 or below then you can buy. You can also wait for what will happen after 11-3-2017 if the ETF get approved then if it not approved the price will pull back. Goodluck.

[iv4n]

Holding bitcoins is good plan, but if you are watching btc from 2011 its strange that you dont have experience with bitcoins by now. You should know that price is dropping after each big rise, maybe you need to wait a bit more, price can drop.
20k is a lot, for 3 years and next halving you can double your investment.

[cpfreeplz]

I wouldn't be buying right now. There was a huge rise and there's probably going to be a correction. That's just my 2 cents.

The smartest thing to do would be to dollar cost average, buy a little every week and then you're taking less risk with the ups and downs of the price.

[Qartersa]

I wouldn't be buying right now. There was a huge rise and there's probably going to be a correction. That's just my 2 cents.

The smartest thing to do would be to dollar cost average, buy a little every week and then you're taking less risk with the ups and downs of the price.

Well, I think the correction just happened, and it seems that it will come back up and will soon to rise. If it doesn't rise from $1,160 then probably we'll see another $900-$1,000 price ranges, the worse case would be the prices will reach $800 again. Right now might not be the best time to buy indeed.

[iram3130]

I wouldn't be buying right now. There was a huge rise and there's probably going to be a correction. That's just my 2 cents.

The smartest thing to do would be to dollar cost average, buy a little every week and then you're taking less risk with the ups and downs of the price.

Well, I think the correction just happened, and it seems that it will come back up and will soon to rise. If it doesn't rise from $1,160 then probably we'll see another $900-$1,000 price ranges, the worse case would be the prices will reach $800 again. Right now might not be the best time to buy indeed.

Yes, I too will suggest you to wait for sometime and have a close look at the market rates.. I believe right now the price is in the dropping zone and I'm also waiting for it to drop some so that I can buy for my long term investment.

[The_prodigy]

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)

Wait for the price under 1000$ per bitcoin then buy it when you can hold it till next halving then wait for the crisis and then buy tones of bitcoin but i think it will not happen anymore on bitcoin once the etf approved. It is safe when you hold it than loosing them on investment and gambling.

[jtipt]

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

Hey OP, it's nice to see that you made quite a bit profit from bitcoin.  Now for buying/selling as other people have said before me localbitcoin and even BTC-E is a good choice, stick with it. I don't think right now is the best time to buy as price can drop in coming week as the 1100 hike was a bit too fast you should  buy when the price comes down to $1000 atleast. And yes its a good decision to hold till 2020 I'm pretty sure bitcoin price will rise a lot even before halving. Good luck.

[xuan87]

actually it is a bit expensive to buy in 1100$, bitcoin price is a bit unstable for a moment, but if you want to hold that long I think you are going to make some profit, judging from the chart and the trends, when 2020 bitcoin will be more expensive than 1100$

[Ferris419]

actually it is a bit expensive to buy in 1100$, bitcoin price is a bit unstable for a moment, but if you want to hold that long I think you are going to make some profit, judging from the chart and the trends, when 2020 bitcoin will be more expensive than 1100$

Price will surely higher after 3 years and may be we may see the price around $2k at that point of time so if you can hold them till that time then you can buy even with a current price but if you want to make quick profits then better to wait for price drop.

[geopolisch]

actually it is a bit expensive to buy in 1100$, bitcoin price is a bit unstable for a moment, but if you want to hold that long I think you are going to make some profit, judging from the chart and the trends, when 2020 bitcoin will be more expensive than 1100$

Yes, in future bitcoin will be on moon hence buying now must be a profitable action. Based on some basic characteristics of bitcoin, we can be assured about bitcoin's future prices regardless of currently influencing factors like ETF approval or anything similar to that. (If that will not happen it might happen in near future. Because people's demand will make government to approve them.)

If we do not buy now, we may miss $1100 levels' buying opportunities permamnently. Or may need to wait for ROI for some times. But surely we will be in profits after years.

[phaddie]

If I would be having that amount of money then I would choose to invest in bitcoins at this stage as price is going higher and higher so it can give me best returns in future if I can manage to hold them for a descent time period.

[BitcoinHodler]

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.

why did you wait this long, if you don't mind me asking. i mean there has been so many awesome opportunities to get in. remember the $180 bitcoin day or the day Hearn helped us get low 400ish bitcoins once again.

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

1. depending on where you live you should try some exchanges that accept your bank, BTC-E has higher fees and the price there is usually behind (lower on rises). localbitcoins is super high price than exchanges.

2. if you wanna go long it is a good time, if short nobody can tell you/

3. in that case then it is an awesome time to buy. although learn about how to secure your wallet (cold storage which you may already know) and then know that price is volatile so plan accordingly.

[dna217]

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.

why did you wait this long, if you don't mind me asking. i mean there has been so many awesome opportunities to get in. remember the $180 bitcoin day or the day Hearn helped us get low 400ish bitcoins once again.

In a word, confidence.  I had to convince myself and my partner too. I was always "I'm going to do it" but I have waited till now.
Last year (400 level) I was ready myself but I was concentrated doing other things. I suppose life and confidence needs his time.

[dna217]

Holding bitcoins is good plan, but if you are watching btc from 2011 its strange that you dont have experience with bitcoins by now. You should know that price is dropping after each big rise, maybe you need to wait a bit more, price can drop.
20k is a lot, for 3 years and next halving you can double your investment.

Having experience and feel confident in this kind of investment are two different things.
Asking is a good way to confirm my thoughts.
Thanks for your valuable comments!

[angaper]

I think the current momentum in the bitcoin price can't be sustainable for long, and sooner rather than later we will see an important correction that could send the price below the $1,000 mark again, so I think you should be patient to wait for a better price and invest your capital with maximum benefit.

[Weatherby]

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

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.

[upsidedown75]

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

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]

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]

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.