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Author Topic: Is this right time to buy bitcoin??  (Read 5050 times)
Prodigan786
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June 22, 2017, 08:55:44 AM
 #1

After seeing some post regarding bitcoin legalized in india (link will be given below)  spreading around facebook and other social media lots of my friends asking about investing in bitcoin is this right time or 1)it may go down till that can we wait and buy  or 2) it will take off booming then we cant touch because of overprice . Please could somebody give clear picture Link: https://cointelegraph.com/news/suddenly-bitcoin-to-be-officially-legal-in-india
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June 22, 2017, 09:06:14 AM
 #2

After seeing some post regarding bitcoin legalized in india (link will be given below)  spreading around facebook and other social media lots of my friends asking about investing in bitcoin is this right time or 1)it may go down till that can we wait and buy  or 2) it will take off booming then we cant touch because of overprice . Please could somebody give clear picture Link: https://cointelegraph.com/news/suddenly-bitcoin-to-be-officially-legal-in-india

As a Bitcoin community member it is good news, and yesterday only there was a similar thread but no link attached, I am very happy now my Indian friends will be able to buy Bitcoins. Is it the right price, difficult to answer as this is not a official government response, so would suggest you to buy in bits so you don't loose out a lot if price crashes. Say 100$ per day keep on buying at different prices so you can get a average. That's what's I do and I feel safe that way. However I would like to caution you that if in case this news turns falls, Bitcoin prices can crash badly.

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June 22, 2017, 09:09:49 AM
 #3

It is a good news and slowly it will increase the demand for bitcoins. But if you want to invest money then no one can suggest you correctly when you can start. So the best time is now not later. If you have decided to invest in these cryptocurrencies then better start today with a small amount and slowly build it in the longer run.
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June 22, 2017, 09:27:23 AM
 #4

Well that news will impact the price of bitcoin and it's not just about India's legalization but also other countries and the supply and demand of bitcoin that affects the pricing. I say that while it is still early just invest and buy bitcoin, it may look expensive for a single bitcoin but don't wait for it that 1 bitcoin will be equal to $10k+.
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June 22, 2017, 09:50:00 AM
 #5

After seeing some post regarding bitcoin legalized in india (link will be given below)  spreading around facebook and other social media lots of my friends asking about investing in bitcoin is this right time or 1)it may go down till that can we wait and buy  or 2) it will take off booming then we cant touch because of overprice . Please could somebody give clear picture Link: https://cointelegraph.com/news/suddenly-bitcoin-to-be-officially-legal-in-india
you already see the price down a days ago do you really buy at that price Huh bitcoin price is always good to buy as soon as more people being interested in bitcoin investment   the price will continue to grow no one can stop it just buy and hold .
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June 22, 2017, 09:56:04 AM
 #6

IMO, this is a perfect time to purchase Bitcoin. The exchange rates are still down, after reaching a peak of $3,000 per coin a few days back. And if SegWit2X gets activated (right now it is having more than 87% support, with 80% needed for the implementation), then we can expect Bitcoin to touch at least $5,000 per coin. If things go according to our plan, even $25,000 per coin can't be ruled out.



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June 22, 2017, 09:58:57 AM
 #7

If you believe in holding it for a long term then I think the current price is the best price to buy bitcoins as very soon we may cross the price of $3000 and it may go even higher by the end of the year so at that time you can sell your coins to make some good profits in a quick time.

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June 22, 2017, 10:02:54 AM
 #8

If you believe in holding it for a long term then I think the current price is the best price to buy bitcoins as very soon we may cross the price of $3000 and it may go even higher by the end of the year so at that time you can sell your coins to make some good profits in a quick time.
If more people invested their money into Bitcoin then the price of Bitcoin will go up really fast. I feel that there is not that many people invested in Bitcoin right now so the price of it is actually lower since Bitcoin is not promoted as much as it should be.

 
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June 22, 2017, 10:08:15 AM
 #9

It is a good news and slowly it will increase the demand for bitcoins. But if you want to invest money then no one can suggest you correctly when you can start. So the best time is now not later. If you have decided to invest in these cryptocurrencies then better start today with a small amount and slowly build it in the longer run.
yea, now is right time to buy bitcoin. I agree this topic now you buy btc not late.

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June 22, 2017, 10:08:47 AM
 #10

Yes today is a great time to buy bitcoin, a few days to go and it'll increase back its value again especially with the good news it has brought in.

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June 22, 2017, 10:16:02 AM
 #11

if we don't blow up bitcoin from within ourselves then the demand for bitcoin will only increase as time goes by. this means the price will rise over time too with good chances, specially in long term.
and all the news like this will only speed up the process that is ongoing. and remember that bitcoin price has been pretty high in India all along for nearly 6 months now which shows there is an overwhelming demand from that country.

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June 22, 2017, 10:21:24 AM
 #12

Yes today is a great time to buy bitcoin, a few days to go and it'll increase back its value again especially with the good news it has brought in.
It's a pretty good investment. I would recommend people to invest in Bitcoin if they have any extra money laying around because the price of Bitcoin is very likely to go up. People that are in specific investment schemes that I won't mention like to put their money into bitcoin so they can send payments, if only they knew that they could make money just by holding onto their coins.

 
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June 22, 2017, 10:22:14 AM
 #13

If you believe in holding it for a long term then I think the current price is the best price to buy bitcoins as very soon we may cross the price of $3000 and it may go even higher by the end of the year so at that time you can sell your coins to make some good profits in a quick time.
If more people invested their money into Bitcoin then the price of Bitcoin will go up really fast. I feel that there is not that many people invested in Bitcoin right now so the price of it is actually lower since Bitcoin is not promoted as much as it should be.

There is no doubt that bitcoin is lacking promotion at global level as its not getting support from the media and the government and if it starts getting support from the media then it will draw attention of many people who are not aware about bitcoins yet and that can take demand higher in near future.
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June 22, 2017, 10:42:18 AM
 #14

Well, bitcoin loves 'drama'

If the seg witness plan with eventual 2mb hardfork goes thru I see a possibility
of $5,000 usd bitcoin by the end of the year.

If it does not happen, esp if UASF and bitmain' UAHF kicks in, and even more
of a cluster. Well, btc and altcoins will crash imho big time. With chance of
bitcoin well under 1,000 usd  

All depends if bitcoin core pushes back, on what they likely see as miner
centralization and their view any future hard forks are too dangerous, as they
claim.

Pick your poison. Place your bet. Me, holding btc and mining ltc and holding
ltc as my hedging. Not that I really have a clue, but my gut.

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June 22, 2017, 10:51:58 AM
 #15

It's difficult to answer this question.
We don't know how much you want to invest and how long you are ready to wait before you withdraw funds.
In my opinion, the best time to invest in bitcoin was last year, when bitcoin was around $250.
Now, when bitcoin price is very high, some profit is still possible, but not so big and no so fast as before.
Still, in the long term, you can buy and hold bitcoin, and expect nice profits in the coming years Smiley
So, if you have long term goal, yes, it's right time to buy bitcoin.

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June 22, 2017, 11:00:20 AM
 #16

Why this headline? I would understand if OP is newbie, but he is member he is here for some time already and he didn't find couple minutes to check did someone posted some similar thread before.
Headline is one of the oldest and most repeated probably, topic like topic is not new, almost a week we started to talk about it and we waiting to see what will India do. India is big country, big market, so this will be a huge impact on bitcoin price I'm sure.


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June 22, 2017, 11:11:43 AM
 #17

It is a very good news that Indian people with their high population will be able to buy bitcoins. I think it can help bitcoin to rise in value. I think it is not late to buy bitcoin. Every day there is new good news about bitcoin. One day Japan, One day Australia, One day Russia and now India. The price of bitcoin will rise gradually and a big pump in prices is also possible. In my opinion people should invest even in few satoshis.
Don't lose the chance.





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June 22, 2017, 11:16:34 AM
 #18

If you believe in holding it for a long term then I think the current price is the best price to buy bitcoins as very soon we may cross the price of $3000 and it may go even higher by the end of the year so at that time you can sell your coins to make some good profits in a quick time.
If more people invested their money into Bitcoin then the price of Bitcoin will go up really fast. I feel that there is not that many people invested in Bitcoin right now so the price of it is actually lower since Bitcoin is not promoted as much as it should be.


Perhaps it is because of that factor that slightly slows the development of bitcoin and its popularity. Certainly different if the government and the media involved in helping the development of bitcoin will certainly accelerate its progress.
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June 22, 2017, 11:36:12 AM
 #19

Yes today is a great time to buy bitcoin, a few days to go and it'll increase back its value again especially with the good news it has brought in.
yes no doubt that the current time is the best time to buy bitcoin, because still the price of bitcoin is trading low and there are more chances that in next few the price of bitcoin raise too much high.
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June 22, 2017, 11:39:48 AM
 #20

I believe that bitcoins are never too late to buy, but if you do not have money to buy, you can earn. This is digital gold and it's silly to miss this opportunity.

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