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Author Topic: What price would you stop buying Bitcoin?  (Read 9542 times)
Amph
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May 12, 2017, 05:32:53 AM
 #21

bitcoin is divisible you know this right? buying 0.1 at $1000 is not different than buying 1 btc at $100 or 0.01 at $10k, so again i ask you why i should stop buying bitcoin?

it make no sense to buy based on the price, you should stop to buy if you think you are taing a bigger risk than the one you can handle, which is true in every investment

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May 12, 2017, 05:34:51 AM
 #22

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? 

Bitcoin needs buyers in order to maintain the price increase and further growth.
I`m not a bitcoin buyer,because i`m afraid of scammers,but maybe i should start buying soon.
I`m missing a lot of profit.



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May 12, 2017, 06:03:00 AM
 #23

Its already very high.I have already stopped buying bitcoins.Last price was $900 when i bought bitcoins.Now im just holding my bitcoins as price is rapidly increasing.I hope it would reach $2000 by the end of this month.
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May 12, 2017, 06:25:44 AM
 #24

well the price of bitcoin is now definitely expensive to buy atleast 1 whole coin even buying half of it is pain in my wallet and also, it is also risky to buy a bitcoin because the price may drop anytime due to scaling wars (if BU Hard fork Bitcoin happened) and the risk of collapse is also higher so, for now maybe earning bitcoins will be good for now and, i will wait for the price drop and buy atleast 3 bitcoins and hold it until the price come back to it's feet.

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May 12, 2017, 06:26:18 AM
 #25

Whatever the price is if there are always many people still using bitcoin and I still need it I would still buy it, anyway this price still not so high I expect $2500 at end of this year   Grin

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May 12, 2017, 06:30:44 AM
 #26

Mostly depends on your financial status. I buy BTC from the savings every month or two but now I have stopped as the price is too high, waiting for a dump to happen and then will buy all in BTC.



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May 12, 2017, 06:44:00 AM
 #27

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? 
You are just talking about in the vie of people are using bitcoin for store of value. But there are larger volume of people who are just using bitcoin as one medium of payments and they do not need to bother about price levels, they will buy and use, they do not need to wait for lower prices as prices levels are not impacting their purposes with bitcoins.

Again, there are people who are keeping buying bitcoins regularly like weekly/monthly. When these people will be believing into one million dollars worth for one bitcoin, I believe they will not stop at any price levels right now what bitcoin is being traded.


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May 12, 2017, 06:46:39 AM
 #28

Mostly depends on your financial status. I buy BTC from the savings every month or two but now I have stopped as the price is too high, waiting for a dump to happen and then will buy all in BTC.

Waiting for prices to come down is not a good way of investment because sometimes you may need to wait for long or forever because prices may not fall back to what your expecting. So it is good to start accumulating prices in small quantities now and then so that you buy price will average out. But as of now, prices are going only one direction and didn't correct for a long time so don't know what is happening.

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May 12, 2017, 06:48:56 AM
 #29

I stopped buying a long time ago at 238€. Granted I did buy a few times as the price was falling, at 345€ then 290€, then 238€, but I felt like the price was low and that downside was low.
Now we are at all time highs, I am not saying that the price won't continue to rise from here, but there is a lot of downside.  I mean $1000 is a good price historically, but someone buying today would be sat on a 40% loss at $1000.

I would be tempted to sell at some point, then rebuy should the price fall to increase my number of Bitcoins. The problem there is obviously that I don't know if and when the price will fall, and if it does, who knows where it will settle or how low it will go!

I am a happy holder at the moment.


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MysticOne
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May 12, 2017, 06:50:38 AM
 #30

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 you are expecting it to continue to rise then why would you not want to buy more? I wouldn't be risking money that you can't afford to lose though
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May 12, 2017, 06:50:55 AM
 #31

Suppose it depends on their financial situation, myself I will continue to spend an amount of fiat regardless of the price of bitcoin, so if I buy $50 a month that will remain in place.

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May 12, 2017, 06:51:02 AM
 #32

Mostly depends on your financial status. I buy BTC from the savings every month or two but now I have stopped as the price is too high, waiting for a dump to happen and then will buy all in BTC.

Waiting for prices to come down is not a good way of investment because sometimes you may need to wait for long or forever because prices may not fall back to what your expecting. So it is good to start accumulating prices in small quantities now and then so that you buy price will average out. But as of now, prices are going only one direction and didn't correct for a long time so don't know what is happening.

And don't expect bitcoin price to go down the sub $1000 now. And if you kept waiting for the bitcoin price to go down, then you will miss a lot of opportunity because it may not come down. As what the poster above me said, buy in small amounts or like put 5-10% of your monthly salary to bitcoin and try to accumulate as much as you can.

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May 12, 2017, 06:55:58 AM
 #33

I prefer earning bitcoin instead of buying. Through signature campaigns and through my website I am able to earn good. I only bought bitcoin twice when i first started with bitcoin. From then I prefer earning than buying.

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May 12, 2017, 06:57:13 AM
 #34

I will stop buying bitcoin if the price reaches at least 3000 USD per bitcoin because if the price reaches that i can expect dump for the price and i will just wait for the price to go down to 2000 USD and i will buy some few bitcoins and sell them for a high price.

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May 12, 2017, 06:59:44 AM
 #35

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? 

Well, frankly speaking 3 months ago I thought $1,500 is the high limit for Bitcoin price this year.  Apparently I was wrong about it. They say the price is rising due to wider adoption of BTC in Japan and I also heard that something similar is happening in Australia. If most people who are buying Bitcoin now are not traders, but long term investors, which is most likely, then the price will continue rising in the future.

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May 12, 2017, 07:15:41 AM
 #36

Bitcoin price is already so high so i already stop buying bitcoin what i gonna do is hold my bitcoin until the bitcoin price go up to a high price that i want but at this time not the best time to buy bitcoin maybe if the bitcoin price go down rapidly i will buy big volume of it.


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May 12, 2017, 07:19:27 AM
 #37

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? 

Well, by looking at the price of bitcoin now, it seems keep increase. So, i'm not stop buying bitcoin for now, just buy bitcoin everytime i have money. Because i predict the price of bitcoin can reach $2000 on this year.
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May 12, 2017, 07:22:47 AM
 #38

I would only stop buying Bitcoin if something catastrophic happened to the security of the blockchain. Aside from some crazy things in the media, probably no price would influence me. By the time this question would be relevant would we even be basing it in dollars?

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May 12, 2017, 07:29:24 AM
 #39

I prefer earning bitcoin instead of buying. Through signature campaigns and through my website I am able to earn good. I only bought bitcoin twice when i first started with bitcoin. From then I prefer earning than buying.

Probably case to case basis. Like you mate, you prefer to earn bitcoin through signature campaign and you don't want buying it. But most of us here, aside from signature campaign earnings, want to buy and invest through it. For me the price of bitcoin is irrelevant, As long as you have the money to buy and saved it, then it will not be a problem. Of course the old statement, "buy low, sell high" still holds true. But if you are waiting for the price to go low, then you will not buy it because the trend now is going up. So if you are really interested on bitcoin as store of value or investment, you will buy it at any market price to hold for future profits.

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May 12, 2017, 08:41:55 AM
 #40

I don't think I will stop buying at any certain stage because I see it as a payment system and if I need to send bitcoins to someone then I would buy it rather than sending from my savings. Yes, I believe that bitcoin will eventually show extraordinary performance down the road but that doesn't mean that I would not buy it. On the other hand, I might increase the volume of the purchase if the price falls.

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