Why you should buy bitcoins NOW (well, now should have bought back THEN)

[deisik]

The top line is that it is a winning strategy overall

If you sell your bitcoins today, you are likely set to lose tomorrow (by letting go a good chance to get rich really quick). On the other hand, if you buy bitcoins now, you will take an opportunity and use the FUD behind the BU split against BU itself and to your advantage by buying low. If the old Bitcoin fails, you will have the new Bitcoin in absolutely the same amount, if the new one fails, you will have the old one which thereby proves its strength, might and power. So getting rid of bitcoins would be a losing strategy while acquiring more is seemingly a winning one whatever way the events are going to unfold in the future. Just keep your bitcoins in your personal wallet so that no one could steal this opportunity from you

You do not think that Bitcoin might make another new low after this rise? You posted this on March 26 when Bitcoin was trading around $940 - $990 and has risen after that. But it is creating another lower high and it is getting ready to go down again if we follow the pattern for this month. It would be better to watch and wait in my opinion, or make low bids to be safe

You are confusing something here

As much as I discard technical analysis as a viable way for predicting and evaluating future price behavior, I still can't help noting that just one lower high after a few consecutive higher lows mid-to-long term (basically, 250-750-550-1100-750-1300-950) doesn't tell us anything. Strictly speaking, we haven't yet made a new lower high, since we barely touched the support level at 900 dollars per coin (i.e. the support there hasn't yet been broken), and right now we are mostly trading sideways. In fact, we may well yet make a new higher high in the coming weeks (that would be an ATH, obviously). Other than that, the price may go below 900 dollars (say, down to 600 dollars), but it just means that you may be buying up all the way down (personally, that's what I'm prepared to do myself)

[1714651596]

1714651596

[1714651596]

1714651596

[xypos]

The top line is that it is a winning strategy overall

If you sell your bitcoins today, you are likely set to lose tomorrow (by letting go a good chance to get rich really quick). On the other hand, if you buy bitcoins now, you will take an opportunity and use the FUD behind the BU split against BU itself and to your advantage by buying low. If the old Bitcoin fails, you will have the new Bitcoin in absolutely the same amount, if the new one fails, you will have the old one which thereby proves its strength, might and power. So getting rid of bitcoins would be a losing strategy while acquiring more is seemingly a winning one whatever way the events are going to unfold in the future. Just keep your bitcoins in your personal wallet so that no one could steal this opportunity from you

Exactly. People shouldn't panic just because there is a fork.

There will be a fork that fails, but then you will receive 1 Bitcoin Core Coin and 1 Bitcoin Unlimited Coin on each bitcoin you own anyways, so it shouldn't be a problem. I mean there may even be a future fork that is more accepted by everyone in the community that replaces both BC and BU, nobody knows.

The top line is that it is a winning strategy overall

If you sell your bitcoins today, you are likely set to lose tomorrow (by letting go a good chance to get rich really quick). On the other hand, if you buy bitcoins now, you will take an opportunity and use the FUD behind the BU split against BU itself and to your advantage by buying low. If the old Bitcoin fails, you will have the new Bitcoin in absolutely the same amount, if the new one fails, you will have the old one which thereby proves its strength, might and power. So getting rid of bitcoins would be a losing strategy while acquiring more is seemingly a winning one whatever way the events are going to unfold in the future. Just keep your bitcoins in your personal wallet so that no one could steal this opportunity from you

You do not think that Bitcoin might make another new low after this rise? You posted this on March 26 when Bitcoin was trading around $940 - $990 and has risen after that. But it is creating another lower high and it is getting ready to go down again if we follow the pattern for this month. It would be better to watch and wait in my opinion, or make low bids to be safe

You are confusing something here

As much as I discard technical analysis as a viable way for predicting and evaluating future price behavior, I still can't help noting that just one lower high after a few consecutive higher lows mid-to-long term (basically, 250-750-550-1100-750-1300-950) doesn't tell us anything. Strictly speaking we haven't yet made a new lower high, since we barely touched the support level at 900 dollars per coin (i.e. haven't yet broken support), and right now we are mostly trading sideways. In fact, we may well yet make a new higher high in the coming weeks (that would be an ATH, obviously). Other than that, the price may go below 900 dollars (say, down to 600 dollars), but it just means that you may be buying up all the way down (personally, that's what I'm prepared to do myself)

I'm prepared to do that as well, as long as the fork hasn't happened yet

[Amph]

Anything sub $1,000 is an absolute bargain & if you can afford to, should absolutely be investing a couple of grand into bitcoin right now.

It's almost certain that good profits will be made buying at $1,000.

I do not think so. If the Core team does not allow a block size rise soon, the bitcoin price will drift lower in the short term.

if this did not happen already with all the drama what make you think that will happen "soon"? bitcoin value is dependent on the amount the investors bought at certain level

there is no way that those investors will start to dump their amount and lose their investment just because of some fud here and there

these investors don't really care much about the technical aspects of bitcoin, they buy to sell later at higher value, they will not dump for any reason now

[Kakmakr]

You have to know that FUD is driven by greed and therefore FUD will never stop. It is your responsibility to analyze all of this and figure out what is hype and what is FUD. I prefer to ignore all the noise and just focus on the numbers. Alt coins are closely linked to Bitcoin and usually when Bitcoin goes down, people use Alt coins as a means to protect their wealth.

I try to spot the beginning of the stampede and profit from that and then always buy Bitcoin when the price take a dip. 

[Qartada]

Anything sub $1,000 is an absolute bargain & if you can afford to, should absolutely be investing a couple of grand into bitcoin right now.

It's almost certain that good profits will be made buying at $1,000.

I do not think so. If the Core team does not allow a block size rise soon, the bitcoin price will drift lower in the short term.

if this did not happen already with all the drama what make you think that will happen "soon"? bitcoin value is dependent on the amount the investors bought at certain level

there is no way that those investors will start to dump their amount and lose their investment just because of some fud here and there

these investors don't really care much about the technical aspects of bitcoin, they buy to sell later at higher value, they will not dump for any reason now

If they expect Bitcoin to fail, they'll dump.  That'll only come if the value falls to <$700 but that's the kind of level that is more than possible and if ETH's market cap keeps rising while Bitcoin falls to that level, even if just temporary, it'll be hard for Bitcoin to handle.

[1Referee]

I try to spot the beginning of the stampede and profit from that and then always buy Bitcoin when the price take a dip.  

That's the best possible thing to do. While others get driven by fear and dump their coins as result, you just buy/trade and take advantage of the situation. I have been doing exactly that. Just look at how easy it is to make profit each time the price sinks under the $1000 level. So far, the price has repeatedly recovered its +$1000 position due to the demand. In a matter of a few days, you can make a more than decent profit, and that several times per month. We can thank the uncertainties around the potential hard fork for that, in this case.

[deisik]

I try to spot the beginning of the stampede and profit from that and then always buy Bitcoin when the price take a dip. 

That's the best possible thing to do. While others get driven by fear and dump their coins as result, you just buy/trade and take advantage of the situation. I have been doing exactly that. Just look at how easy it is to make profit each time the price sinks under the $1000 level. So far, the price has repeatedly recovered its +$1000 position due to the demand. In a matter of a few days, you can make a more than decent profit, and that several times per month. We can thank the uncertainties around the potential hard fork for that, in this case

This strategy is called a Ping-Pong strategy

In general, the main problem with it (and Bitcoin is no exception to this rule) is that the price never trades in any fixed range for any reliable period of time. This period of time seems to be most important aspect as to why this strategy fails exactly in the end. 90% of all traders share common traits, i.e. their expectation (patience) period is essentially the same, and within this period the price very rarely moves in a certain range since the market always works against the mass psychology. It is either goes up way above or goes down way below that. Otherwise, most traders wouldn't be losing all eventually, while some others wouldn't be taking all that at the end of the day

[iqlimasyadiqa]

because the current price of bitcoin is declining. so with this price reduction we can take advantage in the future.
with a very high increase we can become very rich in a moment. very fortunate for people who have a lot of bitcoin.

[mkmdoc]

Now it is not the right time to buy bitcoin because already the value of the bitcoin is high, again once if any speculation goes on bitcoin definitely the price of bitcoin will decrease again and falls to below 1000$. To raise its price again it will take a lot of time.

[york780]

Now it is not the right time to buy bitcoin because already the value of the bitcoin is high, again once if any speculation goes on bitcoin definitely the price of bitcoin will decrease again and falls to below 1000$. To raise its price again it will take a lot of time.

Below 1000$ = insta buy.

[deisik]

Anything sub $1,000 is an absolute bargain & if you can afford to, should absolutely be investing a couple of grand into bitcoin right now.

It's almost certain that good profits will be made buying at $1,000.

I do not think so. If the Core team does not allow a block size rise soon, the bitcoin price will drift lower in the short term.

if this did not happen already with all the drama what make you think that will happen "soon"? bitcoin value is dependent on the amount the investors bought at certain level

there is no way that those investors will start to dump their amount and lose their investment just because of some fud here and there

these investors don't really care much about the technical aspects of bitcoin, they buy to sell later at higher value, they will not dump for any reason now

There seem to be a lot of angry altcoin buyers sticking around

A few promising coins crashed recently (e.g. Dash coin) so the level of FUD around Bitcoin seems to creeping up since they might not be quite happy with their investments and the returns they hoped for. Below are just a few example that I have met today in different threads (including this one). Or it may be the same group of people likely hired by Jihad and Co to spread FUD, while Bitcoin is not going to crash which these dudes likely expected

The bitcoin price is unstable right now, anytime the big dump can happen, Just to prevent to get another loss, just buy on the red candle soon

Now it is not the right time to buy bitcoin because already the value of the bitcoin is high, again once if any speculation goes on bitcoin definitely the price of bitcoin will decrease again and falls to below 1000$. To raise its price again it will take a lot of time.

[1Referee]

This strategy is called a Ping-Pong strategy

In general, the main problem with it (and Bitcoin is no exception to this rule) is that the price never trades in any fixed range for any reliable period of time. This period of time seems to be most important aspect as to why this strategy fails exactly in the end. 90% of all traders share common traits, i.e. their expectation (patience) period is essentially the same, and within this period the price very rarely moves in a certain range since the market always works against the mass psychology. It is either goes up way above or goes down way below that. Otherwise, most traders wouldnn't be losing all eventually, while some wouldn't be taking all that at the end of the day

Correct, it can't and won't last endlessly, but that's all fine as Bitcoin will offer traders enough other opportunities. Especially in situations as we are moving in right now with uncertainties regarding a potential hard fork. In order to get rid of these uncertainties, Bitcoin must scale, and as long as that isn't happening, we'll face a long period of heavy occasional price swings and range movements.

[marcuslong]

I will not waste money to buy bitcoin now since bitcoin started to increase i you guys planing to buy bitcoin now think twice you will just gain approximately 100$ income or maybe less bitcoin right now is in $1033 per 1 bitcoin plus the fee of buying and if the bitcoin rise up to 1200 or more then your just made up 100 or less profit just buy when the price is low in atleast 900 dollars per coins. restore them in bitcoin wallet while waiting for price increase.

[cpfreeplz]

I will not waste money to buy bitcoin now since bitcoin started to increase i you guys planing to buy bitcoin now think twice you will just gain approximately 100$ income or maybe less bitcoin right now is in $1033 per 1 bitcoin plus the fee of buying and if the bitcoin rise up to 1200 or more then your just made up 100 or less profit just buy when the price is low in atleast 900 dollars per coins. restore them in bitcoin wallet while waiting for price increase.

What the hell are you trying to say? Maybe try some punctuation ffs.

Anything sub $1,000 is an absolute bargain & if you can afford to, should absolutely be investing a couple of grand into bitcoin right now.

It's almost certain that good profits will be made buying at $1,000.

I do not think so. If the Core team does not allow a block size rise soon, the bitcoin price will drift lower in the short term.

if this did not happen already with all the drama what make you think that will happen "soon"? bitcoin value is dependent on the amount the investors bought at certain level

there is no way that those investors will start to dump their amount and lose their investment just because of some fud here and there

these investors don't really care much about the technical aspects of bitcoin, they buy to sell later at higher value, they will not dump for any reason now

There seem to be a lot of angry altcoin buyers sticking around

A few promising coins crashed recently (e.g. Dash coin) so the level of FUD around Bitcoin seems to creeping up since they might not be quite happy with their investments and the returns they hoped for. Below are just a few example that I have met today in different threads (including this one). Or it may be the same group of people likely hired by Jihad and Co to spread FUD, while Bitcoin is not going to crash which these dudes likely expected

The bitcoin price is unstable right now, anytime the big dump can happen, Just to prevent to get another loss, just buy on the red candle soon

Now it is not the right time to buy bitcoin because already the value of the bitcoin is high, again once if any speculation goes on bitcoin definitely the price of bitcoin will decrease again and falls to below 1000$. To raise its price again it will take a lot of time.

They were expecting a huge crash but it just never happened. That's why these altcoin pumps aren't lasting.

[Wind_FURY]

The top line is that it is a winning strategy overall

If you sell your bitcoins today, you are likely set to lose tomorrow (by letting go a good chance to get rich really quick). On the other hand, if you buy bitcoins now, you will take an opportunity and use the FUD behind the BU split against BU itself and to your advantage by buying low. If the old Bitcoin fails, you will have the new Bitcoin in absolutely the same amount, if the new one fails, you will have the old one which thereby proves its strength, might and power. So getting rid of bitcoins would be a losing strategy while acquiring more is seemingly a winning one whatever way the events are going to unfold in the future. Just keep your bitcoins in your personal wallet so that no one could steal this opportunity from you

You do not think that Bitcoin might make another new low after this rise? You posted this on March 26 when Bitcoin was trading around $940 - $990 and has risen after that. But it is creating another lower high and it is getting ready to go down again if we follow the pattern for this month. It would be better to watch and wait in my opinion, or make low bids to be safe

You are confusing something here

As much as I discard technical analysis as a viable way for predicting and evaluating future price behavior, I still can't help noting that just one lower high after a few consecutive higher lows mid-to-long term (basically, 250-750-550-1100-750-1300-950) doesn't tell us anything. Strictly speaking, we haven't yet made a new lower high, since we barely touched the support level at 900 dollars per coin (i.e. the support there hasn't yet been broken), and right now we are mostly trading sideways. In fact, we may well yet make a new higher high in the coming weeks (that would be an ATH, obviously). Other than that, the price may go below 900 dollars (say, down to 600 dollars), but it just means that you may be buying up all the way down (personally, that's what I'm prepared to do myself)

If you discard technical analysis in evaluating the behavior of the price then what is your reason in suggesting that now is a good time to start buying Bitcoin? Is there a fundamental reason?

I have to admit you might be correct because the price have been stable for the past 3 or 4 days. But how do we know for sure it will not go down?

[hase0278]

For me it is not a very good time to buy bitcoins right now even if the price have been stable to where it is now. It is still not a very good time to buy since the probability of it going down right now to sub 1000$ or less is there and I see that there are no good news recently that will really drive bitcoin up to the moon or if not drive it to go up in price. For now, I think it is the best time to sell or hold.

[poetra2501]

For me it is not a very good time to buy bitcoins right now even if the price have been stable to where it is now. It is still not a very good time to buy since the probability of it going down right now to sub 1000$ or less is there and I see that there are no good news recently that will really drive bitcoin up to the moon or if not drive it to go up in price. For now, I think it is the best time to sell or hold.

But, in this moment I think to sell Bitcoin is not good time too, because if we are see in
the market now I believe the price of Bitcoin will be rise again. Although with the fundamental analysis
we are haven't a news about that. Yeah IMO this is the best time to buy Bitcoins then we holding it for future.

[deisik]

There seem to be a lot of angry altcoin buyers sticking around

A few promising coins crashed recently (e.g. Dash coin) so the level of FUD around Bitcoin seems to creeping up since they might not be quite happy with their investments and the returns they hoped for. Below are just a few example that I have met today in different threads (including this one). Or it may be the same group of people likely hired by Jihad and Co to spread FUD, while Bitcoin is not going to crash which these dudes likely expected

The bitcoin price is unstable right now, anytime the big dump can happen, Just to prevent to get another loss, just buy on the red candle soon

Now it is not the right time to buy bitcoin because already the value of the bitcoin is high, again once if any speculation goes on bitcoin definitely the price of bitcoin will decrease again and falls to below 1000$. To raise its price again it will take a lot of time.

They were expecting a huge crash but it just never happened. That's why these altcoin pumps aren't lasting.

And what does it tell us?

As to me, it basically tells us that the recent price crash (if we can call it crash in the first place) was likely due to some Bitcoin whale selling off his stash of bitcoin (as I said it elsewhere, maybe, The Winklee twins themselves had been selling out) plus the usual panic selling, which, though, was rather constrained and didn't last for long this time. Indeed, there can be some impact of the "coming" fork (which may in fact never come, to begin with) but its effect seems to have also quickly come to nought

[Amph]

I will not waste money to buy bitcoin now since bitcoin started to increase i you guys planing to buy bitcoin now think twice you will just gain approximately 100$ income or maybe less bitcoin right now is in $1033 per 1 bitcoin plus the fee of buying and if the bitcoin rise up to 1200 or more then your just made up 100 or less profit just buy when the price is low in atleast 900 dollars per coins. restore them in bitcoin wallet while waiting for price increase.

the right time to buy is always when the other fear the market, and the right time to sell is when the opposite situation is true

the value will likely not go below this threshold, the market is just reflecting the decision and the fud based on the whole thing about BU/segwit

after all this is set you can rest assured that the old high value will be the new bottom, we have seen time so many times in bitcoin it's so predictable and not funny anymore...

[deisik]

The top line is that it is a winning strategy overall

If you sell your bitcoins today, you are likely set to lose tomorrow (by letting go a good chance to get rich really quick). On the other hand, if you buy bitcoins now, you will take an opportunity and use the FUD behind the BU split against BU itself and to your advantage by buying low. If the old Bitcoin fails, you will have the new Bitcoin in absolutely the same amount, if the new one fails, you will have the old one which thereby proves its strength, might and power. So getting rid of bitcoins would be a losing strategy while acquiring more is seemingly a winning one whatever way the events are going to unfold in the future. Just keep your bitcoins in your personal wallet so that no one could steal this opportunity from you

You do not think that Bitcoin might make another new low after this rise? You posted this on March 26 when Bitcoin was trading around $940 - $990 and has risen after that. But it is creating another lower high and it is getting ready to go down again if we follow the pattern for this month. It would be better to watch and wait in my opinion, or make low bids to be safe

You are confusing something here

As much as I discard technical analysis as a viable way for predicting and evaluating future price behavior, I still can't help noting that just one lower high after a few consecutive higher lows mid-to-long term (basically, 250-750-550-1100-750-1300-950) doesn't tell us anything. Strictly speaking, we haven't yet made a new lower high, since we barely touched the support level at 900 dollars per coin (i.e. the support there hasn't yet been broken), and right now we are mostly trading sideways. In fact, we may well yet make a new higher high in the coming weeks (that would be an ATH, obviously). Other than that, the price may go below 900 dollars (say, down to 600 dollars), but it just means that you may be buying up all the way down (personally, that's what I'm prepared to do myself)

If you discard technical analysis in evaluating the behavior of the price then what is your reason in suggesting that now is a good time to start buying Bitcoin? Is there a fundamental reason?

I have to admit you might be correct because the price have been stable for the past 3 or 4 days. But how do we know for sure it will not go down?

Oh, I just noticed that you are the same dude that once claimed that we would never go over 600 dollars per coin

I guess you may want to finally read the opening post. If you read it, you would get a clue that the reasons why I suggested to buy now (i.e. then, when the price was still below 1,000 dollars. just in case) had nothing to do with technical analysis. I even doubt if they have anything to do with fundamental analysis as well (though the latter is debatable). Basically, my point comes down to grasping at a rare opportunity where your risks are lower than potential profits. And it is not just lower, they are in fact skewed disproportionately in favor of a win since Bitcoin holders will likely profit in any case, i.e. in the case when Bitcoin Core prevails and in the case when Bitcoin Unlimited succeeds (provided they hold their coins in their personal wallets, of course)