ZBTCoin (OP)
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Activity: 10
Merit: 0
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August 12, 2017, 05:19:33 PM
Last edit: April 22, 2019, 07:06:24 PM by ZBTCoin |
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The block chain is the main innovation of Bitcoin. It is the
first distributed timestamping system.
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CryptoBry
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August 12, 2017, 05:36:18 PM |
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I had the same reaction before but unlike your friend I took the dive and I bought some Bitcoin a year ago when it is not yet so expensive like it is today. It is just human nature to be comparing the value of the past yet without considering the coming value of Bitcoin. Maybe your friend is not really that interested enough with Bitcoin...so just move on and respect anyone's decision on the matter.
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ivrynx
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August 12, 2017, 05:43:16 PM |
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they want to have a bargain with bitcoin, but the sad thing is now, even if it crashes it is unlikely for bitcoin to go all the way down, since bitcoin already established itself, the next target for bitcoin now is around 5k USD, it means, that if you buy today it will still be cheaper compared to the price it will offer you, among all cryptocurrencies bitcoin is considered a blue chip, like the term they use in stock market, it is more likely that it will go up.
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Kprawn
Legendary
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Activity: 1904
Merit: 1073
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August 12, 2017, 05:47:05 PM |
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I have a different scenario .... I told my friend about Bitcoin and left it at that... I did not bug him at all. He decided to invest and he bought 1 coin. He started trading and he made a profit of $423 in 3 days. {buying & selling} This might be a very volatile price period now, but he made good profits. You should not force the issue... just tell them about it and leave it. They will eventually see "it" and come around.  |
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Prince8
Member
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Activity: 102
Merit: 10
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August 12, 2017, 05:50:12 PM |
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every price is a buying price
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andrew24p
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August 12, 2017, 05:50:49 PM |
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TO be fair there is precedent with bitcoin crashing and getting in cheap after huge upswings, but I think people are going to figure out that the downswings and upswings will be less overtime. Its best to just cost average over time.
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HabBear
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August 12, 2017, 05:56:50 PM |
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It's just that people that buy Bitcoin at the refular price don't need to make posts aboutbit. Most people don't wait for a crash. That said, Bitcoin always has sizeable pull backs which make a great opportunity to by more on sake. You could almost set your watch to the predictability of the price drops and subsequent bounces of support. The bounces are great signs of support and the optimism that exists in themarket.
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SvenBomvolen
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August 12, 2017, 05:57:49 PM |
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I asked my friend if he was going to buy bitcoin when it was 800. He said it was too expensive and he would wait for a dip.
at $1200 he said the same thing.
at $2400 he said the same thing.
at $3400 he said the same thing.
Now its about to break 4,000. I asked him if he was going to buy some bitcoin today. Guess what he said?
I think now your friend regrets that he didnt buy osme coins when the price was 800$. Now if to compare wirh today's price 800$ do not look so much, right? Who are those people who wish for bitcoin death? People who have no money to invest. Why do they wish it? To buy bitcoins cheap, but all of them wants to bitcoin raise back fast to it's previouse high price. But I doubt bitcoin will fall deeply too soon. |
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andrew24p
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August 12, 2017, 06:06:46 PM |
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I dont know, I think it might correct a bit, granted I dont know how far. There definitely is a larger amount of institutional money coming into the space, but still many big holders who hold a large amount.
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HabBear
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August 12, 2017, 06:13:35 PM |
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I asked my friend if he was going to buy bitcoin when it was 800. He said it was too expensive and he would wait for a dip.
This guy just isn't committed to buying Bitcoin. He obviously doesn't see its future as we do and he's not willing to take the risk to get a piece of the possible upside. You should rephrase the question. If the pric today is $3700, ask him if he would rather buy Butcoin at $4500 in the future or at $3700 today? |
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Catmony
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August 12, 2017, 06:16:30 PM |
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Current bull run is quite big and correction should be near, so its better to wait for some dip right now but if you are willing to hold bitcoin for long term than any price is good buy point. Price might cross $4k really soon, might be today. |
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Rrita
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August 12, 2017, 06:33:47 PM |
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He is not a bitcoin holder/buyer.Bitcoin is best then Gold.He missed the chance and cant bid it again. But if he want earn good profit from crypto holding,then tell him about Ethereum. Its next Bitcoin i think.already the price pumping a lot.just hold as much as u can.It will change your life sooner. mark my wards and thanks me when it happened.
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freeyourmind
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August 12, 2017, 07:12:42 PM |
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People that aren't totally into Bitcoin but see the price rising dramatically probably want some of the profit associated with it, but don't really understand the price increase or believe in it. So they "wait" for it to drop, but when its dropping they lose confidence in it and have fear.
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JimmieA
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August 12, 2017, 08:40:15 PM |
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if he waits a day btc will cheap back I think maybe he will take all his life to wait for things to happen. As we see, after the change on last Agust 1st, btc is gradually perfect themselves and become more powerful. The price has gone up a lot, once it reaches $ 4,000 I think he can not say anymore. It would be better for him to give up investing in btc because he basically does not want to invest money. And perhaps, the btc price reaches $ 4,000 which will be forthcoming.
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eaLiTy
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August 12, 2017, 08:51:23 PM |
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There is no going back now,the price is crazy high and it is pushing higher than ever and closing on to $4000,if you were able to grab it when you had the opportunity then it is well and good,i am glad i got hold of some coins before forking so that i could have some BCH in the mean time and it was a good pick for me ,if there is a good correction which is highly unlikely i would like to pick up some.
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Xavofat
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August 12, 2017, 08:52:05 PM |
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At $800 he was incorrect.
At $1200 he was incorrect.
At $2400 he was correct.
At $3800 he is correct.
The price continuing to go up does not mean that its value is correct. Your friend should not buy after the price goes up extremely dramatically for a long time - that would be extremely stupid investment advice.
Waiting for a bear market is quite reasonable. What your friend got wrong is thinking that it was overvalued when it was early enough in the bull market for it to be an OK buy.
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anon4250158
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August 12, 2017, 09:17:10 PM |
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The price continuing to go up does not mean that its value is correct. Your friend should not buy after the price goes up extremely dramatically for a long time - that would be extremely stupid investment advice.
Waiting for a bear market is quite reasonable. What your friend got wrong is thinking that it was overvalued when it was early enough in the bull market for it to be an OK buy.
This. There will be a correction soon. I'm not saying the price will be cut in half or anything, but in just the last month it's doubled in price from $2000 to nearly $4000, and half of that occurred in the last week. That steep a climb will NOT last, and it's most likely because of the whole SegWit thing being successful. |
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Rozita
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August 12, 2017, 09:39:37 PM |
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The price continuing to go up does not mean that its value is correct. Your friend should not buy after the price goes up extremely dramatically for a long time - that would be extremely stupid investment advice.
Waiting for a bear market is quite reasonable. What your friend got wrong is thinking that it was overvalued when it was early enough in the bull market for it to be an OK buy.
This. There will be a correction soon. I'm not saying the price will be cut in half or anything, but in just the last month it's doubled in price from $2000 to nearly $4000, and half of that occurred in the last week. That steep a climb will NOT last, and it's most likely because of the whole SegWit thing being successful. I think the increase in price has started recently and it will continue and the correction will not occur for now. Maybe there will be a correction after 5000 dollar. The effect of Segwit in bitcoin price will be greater than this. |
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Gaff
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August 12, 2017, 09:53:34 PM |
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The price continuing to go up does not mean that its value is correct. Your friend should not buy after the price goes up extremely dramatically for a long time - that would be extremely stupid investment advice.
Waiting for a bear market is quite reasonable. What your friend got wrong is thinking that it was overvalued when it was early enough in the bull market for it to be an OK buy.
This. There will be a correction soon. I'm not saying the price will be cut in half or anything, but in just the last month it's doubled in price from $2000 to nearly $4000, and half of that occurred in the last week. That steep a climb will NOT last, and it's most likely because of the whole SegWit thing being successful. I think the increase in price has started recently and it will continue and the correction will not occur for now. Maybe there will be a correction after 5000 dollar. The effect of Segwit in bitcoin price will be greater than this. I also think so. Haven't you noticed some bitcoin miners are not cooperating in the case of bitcoin's development after a couple of week of the announcement? That it will fade out. But then came up the bcc issue. It seems that they're not trusting a lot. Maybe this has something to do with the overpricing and some investors are trying to take a rebound so that they could get more profit. |
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chixka000
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August 12, 2017, 10:06:08 PM |
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I asked my friend if he was going to buy bitcoin when it was 800. He said it was too expensive and he would wait for a dip.
at $1200 he said the same thing.
at $2400 he said the same thing.
at $3400 he said the same thing.
Now its about to break 4,000. I asked him if he was going to buy some bitcoin today. Guess what he said?
Bitcoin crash is the common strategy and it really works man. Yet the problem right now that other bitcoin users can't see is that bitcoin massively growing so why use the same old method if you can see the potential of massive price growth unless you haven't see it then you will probably be going for the old strategy the crash and buy |
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