Too late to get in? How'd you get BTC purchase money? Whole Coins? BTC Stocks?

[polaris409]

So I am on the BTC wagon and I have a couple grand free to invest in them. I have set up my Bittrex account and Coinbase etc.

My questions here are:

1. Is it too late to get in the game honestly? I know folks are saying by year end BTC will be between 5-10K.

2. How did you generate your funding to buy BTC? Like I know I have a lump sum of money coming soon. Do I drop it all on BTC or BTC and a mix of Alt Coins(dont hurt me.. I know alts are the devil)

3. Do you recommend buying whole coins or incremental purchases until you have whole coins?

4. Do you actually own BTC stock?

[TryNinja]

1. Is it too late to get in the game honestly? I know folks are saying by year end BTC will be between 5-10K.

No. You are not late for the party. We are just beginning and the price will rise a lot more in the future. Just imagine the amount of people who asked if they were late when the price was at $500 or even $1000. So, just do it and you won't regret!

2. How did you generate your funding to buy BTC? Like I know I have a lump sum of money coming soon. Do I drop it all on BTC or BTC and a mix of Alt Coins(dont hurt me.. I know alts are the devil)

In my case, I always buy Bitcoin when I can spent some money on it. There are a few coins you can also join in if you are confident and can afford some extra risks. Just make sure to make your own research before investing a big amount of cash on those coins. If you want my personal opinion, some of the altcoins I think have some future are Decred, Ethereum and maybe Litecoin if you think it will end up following Bitcoin price.

3. Do you recommend buying whole coins or incremental purchases until you have whole coins?

Depends on how much you want to invest. If you can't just dump a lot of cash for BTC, I guess it's ok to buy small amounts from time to time until you get at least one whole coin.

4. Do you actually own BTC stock?

Of course. And I tend to buy more when I can and have some extra money spared.

[RoommateAgreement]

the best way to invest in bitcoin is to do it slowly in my opinion. for example buy some amounts that you can afford with the extra money that you have and don't need. you can do it every 2 weeks or every month and keep it in cold storage.
the long term always wins.

and as for altcoins, i suggest staying away for now because of 2 reasosn. first you are new and have to know they are pump and dump and second altcoins are in a big bubble right now.

[noictib]

So I am on the BTC wagon and I have a couple grand free to invest in them. I have set up my Bittrex account and Coinbase etc.

My questions here are:

1. Is it too late to get in the game honestly? I know folks are saying by year end BTC will be between 5-10K.

2. How did you generate your funding to buy BTC? Like I know I have a lump sum of money coming soon. Do I drop it all on BTC or BTC and a mix of Alt Coins(dont hurt me.. I know alts are the devil)

3. Do you recommend buying whole coins or incremental purchases until you have whole coins?

4. Do you actually own BTC stock?

Honestly I would like to suggest you to get better study in the Bitcoin field and altcoin trading .
The people now entering in the Bitcoin market are himself at the beginning because in this year the people cames to know about it openly and it was not much famouse .
So here I will suggest you to first to know about everything and then just invest 40-50$ and learn trading practically with low money amount with low risk .
If you get better experience then start your work in this field with big investment .
Here I don't have stocl.of the Bitcoin , since I am in this field from 2013 but still today I have only 0.3btc in my wallet and 0.2btc in bulk investment for the eth , etc coin for long time .
So here it is regardless of the fact that how much you have and how many times ago you should enter in this field , but matter is to get study better practically .

[Yuhee]

the best way to invest in bitcoin is to do it slowly in my opinion. for example buy some amounts that you can afford with the extra money that you have and don't need. you can do it every 2 weeks or every month and keep it in cold storage.
the long term always wins.

and as for altcoins, i suggest staying away for now because of 2 reasosn. first you are new and have to know they are pump and dump and second altcoins are in a big bubble right now.

You should also keep in mind that you can not always depend investing as your main income. Try browsing youtube about btc and terms that you dont understand. You can learn a lot by just watching and you probably wont make a profit technically in just weeks if you are just beginning. There is no instant profit as one of the ingredient for success here is patience.

[Sithara007]

1. Is it too late to get in the game honestly? I know folks are saying by year end BTC will be between 5-10K.

No. It is not too late, even now. We are in an early adopter phase. I don't want to give you a target, but an ideal conservative target would be $5 K by 2020 January.

2. How did you generate your funding to buy BTC? Like I know I have a lump sum of money coming soon. Do I drop it all on BTC or BTC and a mix of Alt Coins(dont hurt me.. I know alts are the devil)

Sell some of your other investments (Mutual Funds, Equities.etc) and purchase BTC. Either you can go for 100% Bitcoin or something like 75% BTC and 25% altcoin.

3. Do you recommend buying whole coins or incremental purchases until you have whole coins?

It doesn't matter much.

4. Do you actually own BTC stock?

No. Too risky.

[MingLee]

So I am on the BTC wagon and I have a couple grand free to invest in them. I have set up my Bittrex account and Coinbase etc.

My questions here are:

1. Is it too late to get in the game honestly? I know folks are saying by year end BTC will be between 5-10K.

2. How did you generate your funding to buy BTC? Like I know I have a lump sum of money coming soon. Do I drop it all on BTC or BTC and a mix of Alt Coins(dont hurt me.. I know alts are the devil)

3. Do you recommend buying whole coins or incremental purchases until you have whole coins?

4. Do you actually own BTC stock?

1. It's never too late because you never have to own a whole Bitcoin. Sure, you'll have a smaller quantity of Bitcoin, but you still get the same amount of fiat value out of whatever you invest.
2. Work a lot, really. That and some trading. Wish I held more of it but holding right now.
3. Incremental, it really does not matter though. It's all up to your choice.
4. There are no Bitcoin "stocks" so I can't answer that question.

[DannyHamilton]

1. Is it too late to get in the game honestly?

No. It is still VERY early.  Each bitcoin is actually made up of 100,000,000 spendable units.

That means for $1 you can get more than 30,000 spendable units.

I know folks are saying by year end BTC will be between 5-10K.

That is impossible to predict.  Sure, it could be between 5-10K, but it also could be much higher or much lower.

I'd say a realistic prediction is that it will be somewhere between $10 and $50,000 by the end of the year.

2. How did you generate your funding to buy BTC?

I have a job.  The job pays me for the work I do.  I use some of that pay to buy bitcoins.

Like I know I have a lump sum of money coming soon. Do I drop it all on BTC or BTC and a mix of Alt Coins(dont hurt me.. I know alts are the devil)

I'm confused, I don't understand... If you know that alts are the devil, then why would you want to own any?

3. Do you recommend buying whole coins or incremental purchases until you have whole coins?

That depends on how much you can afford.

4. Do you actually own BTC stock?

Stock?  You mean like stock in a bitcoin based company like BitPay or Coinbase?  I didn't think any of them were offering stock yet, aren't they privately owned?  You'll have to explain what you mean.  Bitcoin is money.  You question is a bit like asking:
Do you own any U.S. dollar stock?
Do you own any Euro stock?
Do you own any Yen stock?

[Herbert2020]

i just want to add that you should try not to fall for the altcoin "hype". these days they are are rising a lot and there are lots of them that are rising. obviously it seems like they are more profitable and some may even tell you they are better. but in fact most of them will start their big drop right after the rise reached its limits (which may be 1 or 2 days). and the rest also have so many problems. in other words saying investing in altcoins is highly risky is an understatement.

[Celsiuss]

It's never too late to get into the game. Though it's too late to do some mining IMO.
You don't need to buy a whole coin, you can buy exactly how much you want depending on how much money you have in your pocket. You decide what you wanna invest.

[dunfida]

~snip~

Its never been too late when you plan to jump on the bitcoin boat. Prices might high as of now but potential on increasing even more is there which means we can really make profit out of it.Buying bitcoin doesnt need to be as whole but you can purchase it gradually because buying it as a whole isnt affordable by most people.

[S_D]

1. Is it too late to get in the game honestly? I know folks are saying by year end BTC will be between 5-10K.

Late but not too late get in!

2. How did you generate your funding to buy BTC? Like I know I have a lump sum of money coming soon. Do I drop it all on BTC or BTC and a mix of Alt Coins(dont hurt me.. I know alts are the devil)

Do not hesitate to diversify. Some alts are really promising.

3. Do you recommend buying whole coins or incremental purchases until you have whole coins?

It really depends on your financial position. If you got some funds sitting at your bank, definitely shift some to BTC, if you don't have reserves, its wise to opt for SIP.

4. Do you actually own BTC stock?

If you meant stash by stock, yes I do

[hasiramasenju]

as you says that bitcoin will reach to $5k someday and because the current price still not reach at that price so isn't too late to invest bitcoin and regarding your question how i generate funding to buy bitcoin frankly i combine every way to earn bitcoin such as signature campaign, bounty program, trading and gambling sometimes and yes currently i do have BTC stock

[deadsilent]

It's not too late mate. But i think you should observe the movement of the price first because we are at the peak right now. Yesterday, bitcoin created its new ATH. But drops quickly. So maybe you should a little more before buy bitcoin because we don't know what will happen. But i think it will fall a bit. Maybe the range is $2700-$2800 a piece.

[CryptoPro3]

Good questions.

My questions here are:

1. I do not believe it is too late to get in the game. I have known about BTC for a couple years and was using it for buying goods online when it was at $500-$800 per BTC. I shake my head knowing how valuable it would have been to save those coins for now and the future, however - can't change the past! I am still grateful to be able to buy bitcoins in the price range of $1500-$3000 considering my expectations for the price of BTC in the near and far future.

2. I generate my funding because I own a business that operates online and earn salary in fiat. I use a portion of my income to buy BTC when the price is "right" for me.

3. I think either way works well, it just depends on your personal situation. I like to switch it up, I will buy more coins (.5 - 2 btc) when I am very confident in the price, such as if it is at a daily or weekly low point. I will still throw a mid size chuck of cash at higher prices because I am confident it will still benefit me long term. I like to steadily collect BTC and 99% of my bitcoins are purchased from exchanges like Coinbase, Coinmama (way higher price) or Bittrex.

4. Yes!

[polaris409]

Thank you all for the information.

I a well verse in the pump and dump as I played penny stocks for years before I decided to really jump in the market a few years back. I actually have a meeting today with my financial adviser so I will bring it to his attention what I am trying to accomplish.

I always look for a diverse portfolio so no matter what some ALT will be purchased even if it is ETH.

I have been doing a ton of reading and browsing this site which forums always provide excellent info.

Thank you all for everything