FreddieFear (OP)
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September 09, 2017, 06:18:04 PM |
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Hi,
So having begun researching bitcoin and researching blockchain a bit a bit over the last few days, I'm building up to my first big buy in in a few weeks. My focus is the long term. I intend to put the majority of my $2000 investment into bitcoin, ether, and ripple, with some others (perhaps neo) on the side. Is there any reason why doing this now is a bad idea? Best case scenario for me would be a big crash in the next couple of weeks after which I can buy in cheap, but am I just a sucker buying into the fomo or will my investment at this time go up in the long run, regardless of what short term fluctuations may come?
Would love to know your thoughts. How do your strategies compare?
xo
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dothebeats
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September 09, 2017, 06:53:51 PM |
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That is my common mistake, to postpone my purchase and regret it later. Since you've mentioned that you're in it for the long term, why not buy now and forget it about it as soon as possible? You shouldn't be bothered by the coming weeks or even the coming year if youre in it for the long term. I've waited 3 good years before I let go of my first purchases on bitcoin and now holding a few more for the next 3 years again. If you decided on sticking to it, might as well buy now while the price is taking a beating.
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DaMut
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September 09, 2017, 06:55:09 PM |
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It is very good to understand about yourself,
Most people using their emotion to trade,which is why a lot of people lose their money instead of gain the profit from it.
Crypto and other assets are different,
Crypto will always steadily increasing in value and popularity in the next few years later because it has not been implemented yet by people.
So it still have a lot room to grow in the future,it's a good start in my opinion if you want to hold it for a long run,but it would be better if you can read the markets and the traders.
Crypto rule,buy on rumour sell on news.
In coming days or week we will see another downward movement(based on my opinion),if you can spare some cash try to buy it in the coming down.but it is ok if you buy it right now and holding it for a long term,
No matter what will happen in the short run.you will always get profit if you keep it for a long term
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HabBear
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September 09, 2017, 07:06:29 PM |
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Bad idea for Bitcoin? Probably not. There's another fork coming in November which is supposed to create a third "air dropped" currency, so if you own bitcoin before that date you'll get the benefit of that new currency being just given to you (provided you have a wallet that will support it).
Going with a coin that has a lower fiat price offers the potential opportunity for greater price appreciation. Litecoin, Ether, and Ripple all have lower prices and could be poised for more significant growth over the next few years.
It's something to consider! When it doubt, own a few!
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Skyborn
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September 09, 2017, 08:18:22 PM |
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I am alsoe debating wheter I should make my first purchase. But this market can go so fast that you just have to be involved. I knew about bitcoin before I seriously started researching it and I still regret I didn't dig deeper back then. Don't live in regret, if you're planning on holding for a long time (couple of years) then buy now.
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Hamilcar
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September 09, 2017, 08:23:02 PM |
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You better hold what you choose a long term to have a decent profit.
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tyuner4
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September 09, 2017, 08:27:44 PM |
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IMO, there isn't a good time to buy because the "right" time won't come. Since it is for the long term, just buy it. No point saving hundred bucks but losing thousands.
Good luck pal.
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Mike Mayor
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September 09, 2017, 10:16:14 PM |
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Buy bitcoin now before the price goes up again. If you looking for another good coin that will stick around use waves. Waves is similar to eth and also has tokens that use it's platform. Therefore it won't just disappear Because it's a technology in itself which other tokens require to work. You can also find interest leasing out your waves to help supernodes and the nice thing is you still in control control you don't have to make a transfer the waves stay in your wallet.
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PromethiumX
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September 10, 2017, 12:46:50 AM |
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What's death got to do with it?
Are you concerned your coin will be lost when you die?
If so create paper wallets and leave them in your will.
When to buy? NOW....
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coinsgod
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September 10, 2017, 09:11:42 AM |
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What's death got to do with it?
Are you concerned your coin will be lost when you die?
If so create paper wallets and leave them in your will.
When to buy? NOW....
So, why might you die Mr. OP? We all want to know. |
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banake
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September 10, 2017, 02:10:23 PM |
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YOu should buy ETH and forget blockchain.
After few years, you will be millionaire
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FreddieFear (OP)
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September 10, 2017, 02:21:53 PM |
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Thanks for the advice guys. As to why I might die?  A bit of hyperbole in reference to my fears of being the guy who goes all in at the peak and being penniless when it comes to the massive slump that many are predicting. Related: do any of you use dollar-cost averaging? Seems like a decent remedy to my emotional noobie mindset. |
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gunhell16
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September 10, 2017, 02:30:37 PM |
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if you want a nice profit you should reasearch more about the coin before you purchase .. weell the bitcoin is a agood investment but this is not for a short term you need to wait for the next months .. if you want a good earning for btc well you should guard the market sell high buy low ... a thousand bucks is 25% profit .. if you were about to invest before monaco komodo ripple veerge was at its best .. but if you want a ssure profit after like 3-6months stick on bitcoin !!!
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Arkham Knight
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September 11, 2017, 03:12:53 AM |
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Those are good altcoins worth to invest but if I were you I will buy most of money into btc.
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vitarian
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September 11, 2017, 03:42:43 AM |
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If you are that scared of going all in, just cost average it and buy every week
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endlasuresh
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September 11, 2017, 05:15:10 AM |
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Currently the price is too good for investment, however you need to know more information for trading without loss. Long term is always good, but we need to pay Debts, and for our lifestyle etc.
It's only $2k investment so try 1000 short term and other 1k for long term to see the taste of this Bitcoin.
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Daniel 777
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September 11, 2017, 08:55:44 AM |
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first i will thanks you because you start with knowledge so you will never lose money
i think bitcoin is so risky coin o if you want to read it will waste time be smart and try to take some risks
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Indighost
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September 11, 2017, 10:29:12 AM |
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you can't really predict the market
Anyone telling you to buy or not to buy has no idea, they would be rich otherwise
If you feel like investing just do it
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vitarian
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September 12, 2017, 12:43:40 AM |
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Currently the price is too good for investment, however you need to know more information for trading without loss. Long term is always good, but we need to pay Debts, and for our lifestyle etc.
It's only $2k investment so try 1000 short term and other 1k for long term to see the taste of this Bitcoin.
If price hits $100,000, then price would be find. Or maybe dump to nothing. just invest whatever you are willing to not care about losing |
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deadsilent
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September 12, 2017, 01:14:28 AM |
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You are focusing on long term investments. Then, buy now while it's still at its low price. Im pretty sure you'll get profit since it's for long term investment. Look at bitcoin on its price last year. $2000+. Now compare it to it's current price right now. It's now doubled it's price. Just buy and hold them. Just ignore whatever happens and hold them no matter what. You should buy good for long term. Me, i prefer Ethereum and Bitcoin since they are the most popular and has the biggest market in the cryptoworld.
Bitcoin is dropping since some altcoins on the Chinese exchanges are delisted. This is the right opportunity to buy Bitcoin at a lower price. Bitcoin is a sure money man. That is a fact. Just hold them as long as you can. Ethereum right now is stable. I don't think it will fall down. It will gonna pump soon as many people are waiting for big announcement.
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