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Author Topic: What price would you stop buying Bitcoin?  (Read 9542 times)
Gameroid
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May 18, 2017, 06:45:01 PM
 #141

When I start use BTC I never thought I could buy BTC in so high price, and I still don't know I would stop.
I would not want to purchase Bitcoin at a high price because the amount of risk that it contains will only get larger if the price is up that high. Since the people that purchased or mined Bitcoin when it was within the single digit price range, those people are likely to dump and cause a price crash when Bitcoin gets really expensive for the average person.
I would not want to purchase Bitcoin when/if it gets around $70,000 per coin.
to me i am still too much confident that the price of bitcoin will go more high and high and at the end of 2017 it is expected that the price of bitcoin will cross 3000 USD therefore i am still buying bitcoin and i will continue buying bitcoin then the price reach to 2500 USD level, although  during this journey  the price of bitcoin will take some correction but over all the price of bitcoin will continue raising its price.
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May 18, 2017, 10:41:14 PM
 #142

I had stopped buying bitcoin on the last two months, i never thinked the price would cross 1300 this year, atleast not until the split issue doesnt comes to an end, the delay is damaging a lot bitcoin, some countries are mooving forward to legalize bitcoin, and looks like no one wanna to solve the current issues over bitcoin.
Why are people stating left and right that a Bitcoin split is going to happen? Do they even know what a split actually is?
Please try to explain it to me like I am 5 because I am pretty sure if BU happens they would just build an Altcoin for it right?

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May 18, 2017, 11:12:24 PM
 #143

The price is based on market psychology, not any fundamental fixed value.

Therefore as long as the majority of people believe the price will rise, it will rise. And from what I see the market in general is very optimistic so the price will continue to rise for now.

However as bitcoin becomes more widespread in use, it will be harder to judge overall market psychology as people who are not loyal to coin begin to use it. When this happens I believe the price will become very vulnerable to selloffs.

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May 18, 2017, 11:34:11 PM
 #144

I stopped buying bitcoins when the price broke the $1,000 barrier. But with the bitcoins accumulated until then I have been investing them mainly in trading to continue increasing my coins.

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May 18, 2017, 11:39:24 PM
 #145

I stop buying bitcoin when bitcoin keep rising like a rocket then I'm wait for huge dump so I can buy more bitcoins, when bitcoin huge pump then there will be a huge dump.

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May 18, 2017, 11:42:53 PM
 #146

I stop buying bitcoin when bitcoin keep rising like a rocket then I'm wait for huge dump so I can buy more bitcoins, when bitcoin huge pump then there will be a huge dump.

This usually happens. Even if it is not a huge dump, there is usually a 5% to 10% price decrease after a pump, then the price slowly goes up again.

Be wary and don't get caught holding the bags!!!



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May 18, 2017, 11:49:36 PM
 #147

If the price take point on more than $5000, maybe I will not buy bitcoin anymore. Not with technical reason, it's just a scare factor that I am too scare to buy something​ that doesn't have physical form.
And for now I feel free to invest on it, even I know the price is more likely to go up, there is always time to dump moments

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May 19, 2017, 12:09:15 AM
 #148

I stop buying bitcoin when bitcoin keep rising like a rocket then I'm wait for huge dump so I can buy more bitcoins, when bitcoin huge pump then there will be a huge dump.
Majority the trader still buy bitcoins when huge pump coming, one reason if huge coming sometimes will not stop in a day, it's mean you can take a big profit in that's day and mostly dump will come in other days or next days.

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May 19, 2017, 12:31:14 AM
 #149

Ifthe price was flat for like a year everybody would stop buy including me. At that point it would just be money which is not a bad thing.

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May 19, 2017, 12:37:05 AM
 #150

as of now i wont stop buying bitcoins because we all know that the price keeps pumping in the near future, though the price right now is high it would be more higher in the more future. We cant predict it but we are sure that the price now will be more double in the future. Well if the bitcoin will die and that is the time i will not buy anymore bitcoin .

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May 19, 2017, 12:51:31 AM
 #151

Bitcoins are fairly similar to stocks in a way so I am not quite sure if there is a maximum price at which people would stop buying them. As the price of bitcoins continues to skyrocket (I believe its value reaches 1900 USD today), investors will be more likely to buy in as they would like to see the value of their assets increase. What would stop people from buying bitcoins however is if people were to start selling their bitcoins at a faster rate than it is being purchased, leading to a downward spiral in which more and more people continue to sell while the value continues to drop. That is essentially what took place during the Great Depression quite a few years ago. Let's hope that doesn't happen anytime soon! Though despite the cyclical nature of a stock crash, bitcoin has proved itself unwavering and has survived many 'deaths' over the years. Perhaps the root cause would be the stalwart believers in the decentralized currency, supposing that a lower price would simply be a positive opportunity. Basically if they price would start to plummet, bitcoin holders would start to sell off all their bitcoins. Then, when the price has reached its low, they buy back their bitcoins for a much lower price.

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May 19, 2017, 01:53:18 AM
 #152

Buy on the sound of cannons, sell when the violins are playing... I would not buy right now, with all that fuss. I think the price will fall before a new high, so I'm waiting.
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May 19, 2017, 02:02:00 AM
 #153

I would only stop buying it if it reach its peak, I mean the most higher price that we could never imagine, because if we are still going to buy when that time comes, we couldn't have any profits at all in the long run, we might just lose the capital that we have used on buying it. So we have to be wise on buying bitcoin, and avoid making naive decisions that you might regret on the end.

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May 19, 2017, 02:05:37 AM
 #154

If you are confident of the long term trend and the potential for higher prices in the future, cost averaging might be a good strategy. Buying regularly at certain prices will still give a good amount of gains if done correctly. This new all time high will merely be another price that's cheap to buy at if you look at it years from now.
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May 19, 2017, 04:02:32 AM
 #155

I won't. I'm a high school student and every time I get spare cash, I head down to the BTC atm and top up my wallet. I even use my lunch money! Next stop is 10k... buy now or cry later!

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May 19, 2017, 04:25:38 AM
 #156

If we look at rising bitcoin prices, we have a view of bitcoin's advancement itself as an investment in the future, although sometimes we have to analyze feedback from price movements that are afraid of falling, it seems necessary consideration to buy Bitcoin in Time due to fear of falling prices

   
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May 19, 2017, 08:57:23 AM
 #157

I think a Good Investor will never Stop Buying It .

As the price wont be stable We cant say anything about The Price .

Its always better to study the market .

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May 19, 2017, 09:11:15 AM
 #158

With the current price now, I don't think I'll ever buy again, I officially stopped, unless it crashes. I would prefer mining at the moment

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May 19, 2017, 09:24:43 AM
 #159

If we look at rising bitcoin prices, we have a view of bitcoin's advancement itself as an investment in the future, although sometimes we have to analyze feedback from price movements that are afraid of falling, it seems necessary consideration to buy Bitcoin in Time due to fear of falling prices

That is why we need to fill ourselves with new so that we will have a more broader idea about Bitcoin whether it is rising to a higher heights or is it falling down like an avalanche. For example, we know this year the price of Bitcoin to reach $2000 is certain especially countries started accepting Bitcoin thus the users and demand increases. Also you tend to sell your Bitcoin when it reach $2000 because as they say Bitcoin price would undergo correction thus it will adjust the price as to what it should be that means the price would go down then you will buy Bitcoin in its cheapest price.
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May 19, 2017, 05:18:56 PM
 #160

I would only stop buying it if it reach its peak, I mean the most higher price that we could never imagine, because if we are still going to buy when that time comes, we couldn't have any profits at all in the long run, we might just lose the capital that we have used on buying it. So we have to be wise on buying bitcoin, and avoid making naive decisions that you might regret on the end.

How do you know when it reaches its peak. We all want to know.

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