Is it worth buying bitcoins now? (2000$ /btc)

The mechanism of value increase is so unstable that it is hard to predict anything.

arguments it may increase

+ even my neighbors are asking me abut BTC increase/decrease, which means people are starting to invest not even knowing the idea of BTC, so demand is increasing
+ BTC is used as stability for alts
+ BTC is used as security in alt smart contracts (a balanced security portfolio)
+ many countries are looking for alternatives to reduce the influence of banks

[-] argument it may decrease

- investment of people having no idea about cryto may increase of the risk of Sheep Rush
- high transaction fees
- demand vs. supply problem
- hard for micro transactions
- does not represent a real value, only agreed

..and the story goes on..

Quote from: Shawns on May 20, 2017, 08:33:10 PM

Hello,

I was wondering if it was worth it to buy bitcoins right now at the price of $2000,- /btc.
I can also wait till it drops to maybe 1800$-1900$, but would that make a huge difference?

I'm now just holding my coins, but im not making really good profits as I only have around 0.5BTC

Shawns

Normally I would say don't buy with prices this high and wait for the drop. But right now the price keeps going up so I don't know. I thought it would drop back below $1500, but there seems to be no end to the increase.

That is why everybody wonders what will happen. Is this a scenario that the value is pumped and requires a correction (i.e. 700-800 USD) or due to demand and inflow of capital this is just another step of historical value growth (i.e. up to 2700 USD and the correcting to 2000 as stable). It's like 'Fortune teller' or 'reading tea leaves'

I started another topic to try to assess the book value to check what is the P/E economic value. But the algorithm is complex and simplification may not show the problem. Also no one knows how much BTC is lost/blocked/kept as freeze and how big amount of BTC may interfere the market (as speculation factor).

There is now a new saying If you are trading bitcoin.

"Buy high, sell higher". LOL. Looks like we will not see bitcoin going down in the next couple of months. So it you are going to wait for It to go down, then you will might loss opportunity to make profit out of your investment. So for me, I would say that it is better to buy bitcoin as the opportunity to gain good dividends is there. I speculate that the price will really go up and can be sustained in the future. Australia will also enter the picture in July 1. Japan, China and South Korea are hugging all the bitcoin they can get and influencing the price of bitcoin to go further. You don't need to be a market analyst, just buy it now.

You're talking long-term. I'm talking about short-term. There has to be a correction. Bulls are going to realize their profits.

Quote from: gregory51gosh on May 22, 2017, 02:47:25 PM

You're talking long-term. I'm talking about short-term. There has to be a correction. Bulls are going to realize their profits.

It is still the same result if you buy BTC fort term or long term, Because in the, Bitcoin will just ended up pumping since the demand for this coin are increasing, You will just left behind the trend once you decided to do a short trade.

If I only had 0.5 bitcoin's I'd definitely be buying still. Ask yourself the question, do you think bitcoin will be valued at like $5000+ in years to come?
If the answer is yes then what are you waiting for?

You don't want to regret anything in life, if in the future the price is ridiculously high you will regret not buying in.

I always see buying bitcoin as worth it. Yes, the price is high today, others think it might dump while the rest think it will continue rising. No one knows what will really happen, but in my opinion, the price will continue rising in the coming days/months/years. So if you plan to hold for a long term, it will still be worth it. There's always a risk anyway.

There is no right answer to this question. If we say now and the price drops, then you lost. But if we say wait for a drop and the price never drops then you lost precious opportunity. You should follow what your heart tells you and what you believe will happen to bitcoin so there will be no one to blame when things turn bad.

The solution is to diversify the risk entering altcoins, tokens etc. Example: 40% BTC, 20% ETH, 20% 'altcoins top 10', 20% tokens as high-risk investments (at least 5-10 projects, mostly 90% will fail, while 1 boosts).

But it is still HIGH risk. Roulette even Wink

It is never too late to buy Bitcoin. Who would have known that Bitcoin would breach $2,000 this month, if you read the other topics here in the speculation section predicted that it would be by end of this year. Also, early today, Bitcoin is priced at $2,030 and as I type its now priced $2,140. Still a good time to buy.

The idea of speculation is that.. you speculate. You speculate over a huge risk which may be altered by a huge profit.

I still think that in relation to crypto, it's like a roulette. I'm not saying it is something wrong. It is like a heaven for traders. Especially with no regulations. But still is has to base on experience and mechanisms of risk lowering.

But as much as you are comfortable with losing and hold it for ten years- you won't regret it. The moment to sell is when it is worth so much you are uncomfortable to lose it.

'Best moment to sell is when buyers are present' as Japanese say

Well, it worth buying even when the price rises to $5,000 usd but, it all depends on what you intend doing with these coin i.e buying to resell to eager buyer's when there is a slight increase in price!

Thanks

Quote from: Shawns on May 20, 2017, 08:33:10 PM

I was wondering if it was worth it to buy bitcoins right now at the price of $2000,- /btc.
I can also wait till it drops to maybe 1800$-1900$, but would that make a huge difference?

I'm now just holding my coins, but im not making really good profits as I only have around 0.5BTC

The recent hack news insist me to buy more and more bitcoins ( if you don't know google about the recent virus - Wannacry ) but that been said if the main reason for the spike in the price is the recent hack only then surely the hackers will soon dump their coins and it might be the worst idea investing knowing this.

But if the reason is not just hack but some solid investors then surely its the best time to buy because it won't take any time getting close to 3000$ in coming days with the rate it is climbing.

Quote from: Shawns on May 20, 2017, 09:02:59 PM

yes, im nit going to buy much this time.

When the correction is happening i will buy more

There are lots of people waiting for the correction price thing that leads to regrets and until now waiting for that lol.

Remember the first rally to $1,000? People expect a crash and it happened. But still not bought because they are still waiting for more crash and now look at what happened. Price increase again as the start of what we are today resulting now for the large margin to their desire price to buy.

No other words and you already know the risks when putting money on bitcoin. Buy based on your own stand.

Quote from: goinmerry on May 22, 2017, 07:47:31 PM

Quote from: Shawns on May 20, 2017, 09:02:59 PM

yes, im nit going to buy much this time.

When the correction is happening i will buy more

I agree and I believe there is no better time than buying bitcoin now. I have seen lots of people asking about the timing on buying bitcoins ever since bitcoin was around 700, almost all say when it goes down in price, but the question is what is the right price. So I agree with goinmerry, buy on your own stand.

Quote from: gregory51gosh on May 22, 2017, 05:50:27 PM

'Best moment to sell is when buyers are present' as Japanese say

The Japanese aren't doing very well economically. After twenty years of economic stagnation, they have a monstrous public debt which was built up trying to fend of deflation for so many years. I'm not sure they are the ones to look to for when to buy and sell... at least not right now.

Quote from: BitFinnese on May 22, 2017, 09:48:06 PM

Quote from: goinmerry on May 22, 2017, 07:47:31 PM

Quote from: Shawns on May 20, 2017, 09:02:59 PM

yes, im nit going to buy much this time.

When the correction is happening i will buy more

Most of the people are hoping that price will drop in coming days and that would be the right time to buy bitcoins and I think price may drop by 10% and even that drop can be considered as a good price to buy bitcoins and price will not go too low now so if you want to buy then you can buy them now.