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Author Topic: Moment for buying or selling?  (Read 10201 times)
moviebuff777
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May 14, 2017, 07:18:59 PM
 #41

I was thinking, because of Bitcoin price skyrocketed, would it be wise to buy bitcoin now? I have some bitcoin in wallet, but nothing much, and i was thinking to buy some bitcoin more. But because of price rising in last few days i am not sure what to do, because if i buy now, maybe price will go down and ill lose profit, or maybe it will go up and i did not buy so ill lose profit too. What are your thinking on matter and what do you think how much will price of bitcoin rise this year?

I think we may see a price drop so you could get a better price for bitcoin if you wait. However, if you're going to hold long term, it may be okay to go ahead and buy.

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May 14, 2017, 07:29:41 PM
 #42

I believe it is the moment of buying.  Australia will be accepting bitcoin as money this July if I am not mistaken.  I believe it will produce the same boost to bitcoin economy and price. So buying now will give us profit since there is a huge chance of bitcoin increasing in price once this time come.


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StarofBTC
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May 14, 2017, 08:44:25 PM
 #43

I believe it is the moment of buying.  Australia will be accepting bitcoin as money this July if I am not mistaken.  I believe it will produce the same boost to bitcoin economy and price. So buying now will give us profit since there is a huge chance of bitcoin increasing in price once this time come.
Yes, I am not having any confusion about what I need to do with my bitcoins. I am already doing maximizing my bitcoins from my trading profits and holding is the exact thing I am doing right now because I believe selling at current prices may make regretting any bitcoiner. Holding and then adding few more bitcoins if possible would be the right action and highly recommended.

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May 14, 2017, 10:38:37 PM
 #44

I believe it is the moment of buying.  Australia will be accepting bitcoin as money this July if I am not mistaken.  I believe it will produce the same boost to bitcoin economy and price. So buying now will give us profit since there is a huge chance of bitcoin increasing in price once this time come.
I concur. There might be a small drop, but we're still going up in the long term. If you need quick money and might want to get out in the next weeks you can sell now and wait. If you're into a long term investment and won't need to money in hand soon, I'd recommend you buy. Prices will most likely touch ATH again in the next 6 months.

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May 14, 2017, 10:59:49 PM
 #45

I believe it is the moment of buying.  Australia will be accepting bitcoin as money this July if I am not mistaken.  I believe it will produce the same boost to bitcoin economy and price. So buying now will give us profit since there is a huge chance of bitcoin increasing in price once this time come.
I concur. There might be a small drop, but we're still going up in the long term. If you need quick money and might want to get out in the next weeks you can sell now and wait. If you're into a long term investment and won't need to money in hand soon, I'd recommend you buy. Prices will most likely touch ATH again in the next 6 months.

Poor persons should wait for the small drop. It will be better, you can buy more bitcoins than now, but if your goal is to hold it for real long run, buy now... Just don't regret if the price drops a bit soon.  Smiley
Usually the price continue constantly or increase a lot at the end of year, I predict the small drop can occur in few months.

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May 15, 2017, 03:11:36 AM
 #46

Buying in small fractions or something that you can afford to do regularly would surely help in accumulating bitcoins. Even if it takes a while for you to have a substantial amount, if you just stick to a certain strategy, the long term outlook will be good. And at the rate things are going, and with bitcoin acceptance spreading, we can expect a rosy future for bitcoin.


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May 15, 2017, 03:26:33 AM
 #47

Buying in small fractions or something that you can afford to do regularly would surely help in accumulating bitcoins. Even if it takes a while for you to have a substantial amount, if you just stick to a certain strategy, the long term outlook will be good. And at the rate things are going, and with bitcoin acceptance spreading, we can expect a rosy future for bitcoin.

Buying in small quantity is the best way to accumulate either bitcoins or any other shares or altcoins. Because it gives you the best average price over the time. If one decided to invest on some particular share or cryptocurrency then start immediately instead of waiting for the particular price point. If you wait for the price then you may or may not get the investing opportunity or you may need to wait for too long to see that price to enter.

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May 15, 2017, 04:05:16 AM
 #48

I was thinking, because of Bitcoin price skyrocketed, would it be wise to buy bitcoin now? I have some bitcoin in wallet, but nothing much, and i was thinking to buy some bitcoin more. But because of price rising in last few days i am not sure what to do, because if i buy now, maybe price will go down and ill lose profit, or maybe it will go up and i did not buy so ill lose profit too. What are your thinking on matter and what do you think how much will price of bitcoin rise this year?
I think no it would not good to buy a whole bitcoin because of the price increases everyday, buying a whole bitcoin is expensive but if you buy a fraction of the coin it will not expensive for you. atleast you have a investment to make a profit from it.

And as the second question, I predict that bitcoin price will hit $2000 within 3 months and $2500 in the end of the year but I don't rely on predictions since we can't hold the market.

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May 15, 2017, 05:50:40 AM
 #49

i find that the best moment for you to sell is when there is a consolidation, you can tell that by looking at the resistance and the value at which the majority are buying

when you see that they are buying always at the same price point and the value look solid, that is probably the bootm, and from there there are high chance that will increase, you cna buy safely

correct tiem for selling is more complicated, there is no way to know the top, you can try to predict it via mental barrier, like for now $2k or before was $1500 and so on
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May 15, 2017, 07:48:51 AM
 #50

I was thinking, because of Bitcoin price skyrocketed, would it be wise to buy bitcoin now? I have some bitcoin in wallet, but nothing much, and i was thinking to buy some bitcoin more. But because of price rising in last few days i am not sure what to do, because if i buy now, maybe price will go down and ill lose profit, or maybe it will go up and i did not buy so ill lose profit too. What are your thinking on matter and what do you think how much will price of bitcoin rise this year?

What are you looking for? long term or short term? if it's long term, then it's not matter if you want to buy now or wait a few days. But if you want a short term profit, then i suggest you wait until the price go down a bit. It's been rising lately and will go down for sure. There's a drop in price about a day ago, that's one of the suitable time to buy bitcoin.

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Polar91
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May 15, 2017, 08:14:01 AM
 #51

I was thinking, because of Bitcoin price skyrocketed, would it be wise to buy bitcoin now? I have some bitcoin in wallet, but nothing much, and i was thinking to buy some bitcoin more. But because of price rising in last few days i am not sure what to do, because if i buy now, maybe price will go down and ill lose profit, or maybe it will go up and i did not buy so ill lose profit too. What are your thinking on matter and what do you think how much will price of bitcoin rise this year?
Actually, no one can tell when bitcoin would dump or pump. In this since, your question can not be answered however there are just possibilities of huge pump in bitcoin as other countries such as Australia are considering bitcoin to be legalized. Thus, I think it's better to but bitcoins or altcoins as early as possible.

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May 15, 2017, 08:18:07 AM
 #52

I was thinking, because of Bitcoin price skyrocketed, would it be wise to buy bitcoin now? I have some bitcoin in wallet, but nothing much, and i was thinking to buy some bitcoin more. But because of price rising in last few days i am not sure what to do, because if i buy now, maybe price will go down and ill lose profit, or maybe it will go up and i did not buy so ill lose profit too. What are your thinking on matter and what do you think how much will price of bitcoin rise this year?

That is the risk you would need to take. Everyone could tell you here to buy because that will increase bitcoin price again. But in the end it will be your decision. Are you willing to risk your money for an unsure investment.
This thing have been a fight of courage. Who can stay, who can hold or who are those who makes the right decision at the right time.
For me, it will always be a good time to buy. There is no telling what could happen.

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May 15, 2017, 09:43:13 AM
 #53

I would recommend you to buy bitcoins right now as the price of bitcoins may be high right but you got to keep in hold till the price of bitcoins reach a minimum of 3000$ ,then only its worth in investing in bitcoins.
Well, the price might get that high, no doubt about it. Nevertheless, bitcoin is worth too much to buy it IMO. It is better to earn it and keep rather than buy. Now is not the time for investments into anything (well, probably now is the time in invest into litecoin though). Now is time for earning and storing good alts as well as bitcoin. Bitcoin is now $1700. This happened so fast and I still think it will fall to $1k at least for some reason.

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May 15, 2017, 09:51:11 AM
 #54

I would recommend you to buy bitcoins right now as the price of bitcoins may be high right but you got to keep in hold till the price of bitcoins reach a minimum of 3000$ ,then only its worth in investing in bitcoins.
Well, the price might get that high, no doubt about it. Nevertheless, bitcoin is worth too much to buy it IMO. It is better to earn it and keep rather than buy. Now is not the time for investments into anything (well, probably now is the time in invest into litecoin though). Now is time for earning and storing good alts as well as bitcoin. Bitcoin is now $1700. This happened so fast and I still think it will fall to $1k at least for some reason.

Yeah that is a possibility that price can crash in coming months so I think we should wait for that time to buy bitcoins and right now its not the best time to buy bitcoins as price is really high so I prefer to sell some of my bitcoins as I bought them at low price and rest I will hold for the future to earn higher profits from it.

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May 15, 2017, 09:52:58 AM
 #55

I am trying to save a bit for long term but I also cash a little out every month for home expenses. Just do with Bitcoin like you would with your other currencies. Use what you need in the interim and try stash some in savings. It's not too late to buy Bitcoin, it will go up more and more eventually.


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May 15, 2017, 09:53:17 AM
 #56

The things you're discussing are extremely hard to apply in real time trading. It's impossible to know the moment for buying or selling, it's even hard to take a guess for this.

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May 15, 2017, 10:03:04 AM
 #57

I am trying to save a bit for long term but I also cash a little out every month for home expenses. Just do with Bitcoin like you would with your other currencies. Use what you need in the interim and try stash some in savings. It's not too late to buy Bitcoin, it will go up more and more eventually.

I also regard bitcoin as a long-term investment. And for me a good time to buy at a time when the price has become a bit lower. But I know that if I buy now, then in a few years I will become richer

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May 15, 2017, 10:37:06 AM
 #58

The things you're discussing are extremely hard to apply in real time trading. It's impossible to know the moment for buying or selling, it's even hard to take a guess for this.

Determine the exact time of purchase is difficult, but in any case, you need to buy or earn bitcoin in order to get a profit from your coins in a few years.

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May 15, 2017, 11:04:17 AM
 #59

I think this is the time of keeping, bitcoin became a legal way of direct payment in Japan.
This is the death of fiat?
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May 15, 2017, 11:06:27 AM
 #60

I am trying to save a bit for long term but I also cash a little out every month for home expenses. Just do with Bitcoin like you would with your other currencies. Use what you need in the interim and try stash some in savings. It's not too late to buy Bitcoin, it will go up more and more eventually.

I also regard bitcoin as a long-term investment. And for me a good time to buy at a time when the price has become a bit lower. But I know that if I buy now, then in a few years I will become richer

If you are a long term holder then you can buy them even now but I would suggest you to wait for some more days as price may fall in coming days and if it goes down then you can buy bitcoins at cheaper price which will also give you higher amount of bitcoins.

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