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Author Topic: What price would you stop buying Bitcoin?  (Read 9542 times)
cazza
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May 11, 2017, 11:49:30 PM
 #1

The price of Bitcoin is hitting new highs regularly now...  and yet it is expected to continue rising.  At what price would you stop buying? 
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May 12, 2017, 12:02:07 AM
 #2

never. i'll spend and replenish. bitcoin ain't gonna go any further unless there are people willing to buy.

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May 12, 2017, 12:03:36 AM
 #3

The price of Bitcoin is hitting new highs regularly now...  and yet it is expected to continue rising.  At what price would you stop buying? 

We still don't know what might happen in bitcoin's proce, it may pump or dump but we don't know if it will continue. And I don't buy bitcoin, I just earn them in some services that I do, I am planning to save them so I can use them as a capital in the future, maybe trade or invest.



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May 12, 2017, 12:17:21 AM
 #4

I dont really have a price I would stop buying bitcoin because the price of bitcoin is relative. I would only look at bitcoin if I saw there being no fundamental future for bitcoins to exist. As long as bitcoin has future potential, I would buy bitcoins at any price.
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May 12, 2017, 12:41:05 AM
 #5

It depends. We must watch the market movement. Now for an example, I wouldn't buy Bitcoins for the currently price as I want to make profit on medium term. The price is increasing a lot and soon it will be saturated with some risk to have the price decreased. If I see the market is too stable (doesn't matter the price), and suddenly the price start increasing, so I can buy Bitcoins to sell soon.

The price can be $1000 or $10.000, what matters is the market movement.

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May 12, 2017, 01:19:15 AM
 #6

I dont really have a price I would stop buying bitcoin because the price of bitcoin is relative. I would only look at bitcoin if I saw there being no fundamental future for bitcoins to exist. As long as bitcoin has future potential, I would buy bitcoins at any price.
Good thing that you are not considering the value of bitcoin, at some point at its current price now although it is high but eventually would rise more than that in the future. But for me, if the price per btc would be $50k again, I am gonna trade again. But if the price will continue to rise I am gonna trade but just a few btc.

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May 12, 2017, 01:24:55 AM
 #7

The price of Bitcoin is hitting new highs regularly now...  and yet it is expected to continue rising.  At what price would you stop buying? 

If I were a trader, I would never have thought of stopping buying bitcoin, because it was a potential coin, its value could have fallen, however, it would surely continue to increase in The future, therefore, is not worth the maximum so we stop buying bitcoin, as long as the market still needs bitcoin, it will definitely increase the price.

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May 12, 2017, 01:33:11 AM
 #8

The price of Bitcoin is hitting new highs regularly now...  and yet it is expected to continue rising.  At what price would you stop buying? 

I have already stopped buying bitcoins.
Right now, I have my little stash which I am holding. The incremental gains that can be made with additional investment is low.

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May 12, 2017, 02:18:07 AM
 #9

The price of Bitcoin is hitting new highs regularly now...  and yet it is expected to continue rising.  At what price would you stop buying? 

I have already stopped buying bitcoins.
Right now, I have my little stash which I am holding. The incremental gains that can be made with additional investment is low.

Stop buying Bitcoin at this time is a good option, as bitcoin is carrying too high value, the risk of collapse is also higher, if you continue to invest in it, you must accept confrontation with risk. Dangerous machine. So, to be safe, do not invest more money in it.

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May 12, 2017, 02:21:24 AM
 #10

Who are you talking to, day traders/ long term holders/ investors/ merchants/ newbies? everyone has a limit, everyone will buy and use bitcoin as they need to, if you want to see the resistance limits then what ever the price might be there will always be a large group of real supporters backing bitcoin up regardless of market price.

Pro traders and skilled investors will always make profit on any given price, I'm more interested to know how much people are willing to pay as normal fees than what you are asking.
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May 12, 2017, 02:23:02 AM
 #11

Who are you talking to, day traders/ long term holders/ investors/ merchants/ newbies? everyone has a limit, everyone will buy and use bitcoin as they need to, if you want to see the resistance limits then what ever the price might be there will always be a large group of real supporters backing bitcoin up regardless of market price.

Pro traders and skilled investors will always make profit on any given price, I'm more interested to know how much people are willing to pay as normal fees than what you are asking.

There is always a maximum price for a coin at a specified time, in order to get a profit, business people always count on every problem, so they will not defy the value to buy it. You are giving a false opinion, you do not really understand the market.


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May 12, 2017, 03:01:58 AM
 #12

Who are you talking to, day traders/ long term holders/ investors/ merchants/ newbies? everyone has a limit, everyone will buy and use bitcoin as they need to, if you want to see the resistance limits then what ever the price might be there will always be a large group of real supporters backing bitcoin up regardless of market price.

Pro traders and skilled investors will always make profit on any given price, I'm more interested to know how much people are willing to pay as normal fees than what you are asking.
Pro traders will definitely make use of the bitcoin even if the price ia found low. Most of the time the beginner to trading quote high profit margin and end it up. For a sustained long term profiting small profit margin nred to be quoted that helps in continued trading leading to minimum profit but the increased trading volume gives better earning.

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May 12, 2017, 03:08:05 AM
 #13

With my budget, I think I'll only buy some when it is under $1000, hopefully there comes a time when it goes down and I can buy, I won't buy above it as I feel it is risky as no one has any idea what its gonna do tomorrow and how the price is gonna react.

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May 12, 2017, 03:29:25 AM
 #14

The price of Bitcoin is hitting new highs regularly now...  and yet it is expected to continue rising.  At what price would you stop buying? 
just few people dare to buy bitcoin when the price is high because it is too risky and it would be better to produce bitcoin with faucet, gambling, trading and signature campaign than to buy it. I would buy bitcoin if the price had gone down maybe about $1000 or less.

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lienfaye
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May 12, 2017, 03:43:06 AM
 #15

The price of Bitcoin is hitting new highs regularly now...  and yet it is expected to continue rising.  At what price would you stop buying?  
Actually i didnt buy the bitcoin that i accumulate in my wallet it came from my earnings in trading and sig campaign. because i dont spend my coins i save enough and still counting for more. with the current price i dont think its wise to buy btc now, since the btc price is volatile i would wait for it to drop. however if you can afford to buy btc regardless of the price then do it because we cant predict what will gonna happen for the coming days.
pooya87
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May 12, 2017, 03:46:13 AM
 #16

Never! obviously.
as long as i can not find a job that is paying me in bitcoin, the only option i am left with is to buy bitcoin if i want to use it. and for using bitcoin the price doesn't matter.

FlightyPouch
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May 12, 2017, 03:46:46 AM
 #17

With my budget, I think I'll only buy some when it is under $1000, hopefully there comes a time when it goes down and I can buy, I won't buy above it as I feel it is risky as no one has any idea what its gonna do tomorrow and how the price is gonna react.

But depending on bitcoin's price and it's popularity, I don't think that it can dump or fall from the price of $1000. I think it will just dump from $1400 or $1500 but I dont think it will reach again $1000. Well, nobody knows what might happen in the future.


 
 
 
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bits19
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May 12, 2017, 03:55:43 AM
 #18

Well its not about at what price you should stop, its about how you can get the most benefit out of this market.

As we have observes from the precious trend that always a point comes when a bubble arise and suddenly price goes down. Now if you are trader you should sell those your bitcoin before that comes and when price goes down buy it again.

But if you want to invest for a long term, then according to market pundit this is just starting as may be 1-2 % population are using crypto currency. Now think about when it becomes 10% and then 50% and more. You will top of the world. Smiley

But still this market is unpredictable, don't put your all money. Always keep ready for the worst.
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May 12, 2017, 04:39:34 AM
 #19

Why to stop buying bitcoin  Huh
Bitcoin price will keep on rising because demand is growing while supply is limited and new coins that are generated everyday is decreasing. For me best time to buy more bitcoin is during some correction on price, just wait for correction after large pump on price and buy whatever you can.

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chris200x9
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May 12, 2017, 04:40:30 AM
 #20

With my budget, I think I'll only buy some when it is under $1000, hopefully there comes a time when it goes down and I can buy, I won't buy above it as I feel it is risky as no one has any idea what its gonna do tomorrow and how the price is gonna react.

But depending on bitcoin's price and it's popularity, I don't think that it can dump or fall from the price of $1000. I think it will just dump from $1400 or $1500 but I dont think it will reach again $1000. Well, nobody knows what might happen in the future.

When the BTC price was $1000 people said once the price dump to $700 or $800 we will buy. Now it doubled, so people are telling once it goes down $1000 we will buy. The real fact is if suppose our bad luck the price fall to $1k then no one will buy I will bet. Becasue if that happen no one will believe that again, the price will go up to $1700. The same thing will repeat every price up and down.

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