Last chance for cheap Bitcoin?

[Kyraishi]

So if I have a good understanding about the inherent expansion in value because of the limited supply of bitcoin, and the fact that countries are using and even legalizing Bitcoin as it filters into more societies and exchanges, is it the last chance to buy cheap or at least affordable bitcoins?

Will they cost 10k by December 15-20k next year?

Or do we have more time to collect them at cheaper rates?

Well i don't think that we are going to that high of a price next year. I think that it is much more likely for the price to actually come down a little bit, as the current hype dies down. We should be floating at around $3000-4000 imo next year.

So definitely not the last chance, but one of the last chances if you look at it long term.

BTC is only going to keep going up in the long term and i have no doubts about this at all. $4000 per coin should prove to still be a great investment in the long run.

[TonnyKakar104]

I dont think bitcoin price will double in 3 months.I think there is a lot of time to invest in bitcoin because its value will keep go up in the next 10 years .There is now way its price will keep decrease. Maybe next it will hit 10k but not this year

look
bitcoin surprise its users on every movement, but bitcoin never make anyone to loss, so it may be possible for bitcoin to double its price in just 3 months or  may be it takes less then 3 months, we never know.

you use the word "may be", i think that is not appropriate at this point because right bitcoin is at the point were no one can predict its value, its fluctuation always surprise the traders and so do other bitcoin holders.so it depend on fortune of its users.

[BTCLovingDude]

I dont think bitcoin price will double in 3 months.I think there is a lot of time to invest in bitcoin because its value will keep go up in the next 10 years .There is now way its price will keep decrease. Maybe next it will hit 10k but not this year

look
bitcoin surprise its users on every movement, but bitcoin never make anyone to loss, so it may be possible for bitcoin to double its price in just 3 months or  may be it takes less then 3 months, we never know.

you use the word "may be", i think that is not appropriate at this point because right bitcoin is at the point were no one can predict its value, its fluctuation always surprise the traders and so do other bitcoin holders.so it depend on fortune of its users.

fluctuations are a part of any other market too.
and unpredictable fluctuations are also a part of any market also.

the issue is that most people around here who are investing in bitcoin are extremely inexperience and unwilling to educate themselves. they think if a rise happens it must be a pump and a bubble and they think if a drop happens then it must be a bubble popping and end of bitcoin!!!!
but if they bother to check any other market they can see the same things are going on in other places too. but in those market like stocks or forex, the effects are too small because those investors know what they are doing.

[Tamilson]

I dont think bitcoin price will double in 3 months.I think there is a lot of time to invest in bitcoin because its value will keep go up in the next 10 years .There is now way its price will keep decrease. Maybe next it will hit 10k but not this year

look
bitcoin surprise its users on every movement, but bitcoin never make anyone to loss, so it may be possible for bitcoin to double its price in just 3 months or  may be it takes less then 3 months, we never know.

Bitcoin is indeed unpredictable. It's true that on just 3 months the price doubled and the long term holders surely profited from this. Time to time bitcoin price is increasing so as early as now so you should buy bitcoin now because soon when the China remove the temporary ban in ICO the price will surely skyrocket.

[Aamir1]

You can never predict with perfection when it is about bitcoin. It can double its price in 3 months, or it can even drop a half of its price in less than 3 weeks. We can never know if it is our last chance to buy bitcoins at a cheap price, but we can just buy with the hope and belief that bitcoin will go higher than where we are buying it, and that for sure will happen everytime until bitcoin exists.

[aso118]

I dont think bitcoin price will double in 3 months.I think there is a lot of time to invest in bitcoin because its value will keep go up in the next 10 years .There is now way its price will keep decrease. Maybe next it will hit 10k but not this year

look
bitcoin surprise its users on every movement, but bitcoin never make anyone to loss, so it may be possible for bitcoin to double its price in just 3 months or  may be it takes less then 3 months, we never know.

you use the word "may be", i think that is not appropriate at this point because right bitcoin is at the point were no one can predict its value, its fluctuation always surprise the traders and so do other bitcoin holders.so it depend on fortune of its users.

You might be surprised by the price movements in the short-term, with the price moving up and down rapidly based on the latest news reports and rumours. But in the long term, I am not surprised that Bitcoin has appreciated considerably in value.

[rizkyhiw]

You can never predict with perfection when it is about bitcoin. It can double its price in 3 months, or it can even drop a half of its price in less than 3 weeks. We can never know if it is our last chance to buy bitcoins at a cheap price, but we can just buy with the hope and belief that bitcoin will go higher than where we are buying it, and that for sure will happen everytime until bitcoin exists.

You can't indeed but with a good analysis you can get close into it ,
And based on my own analysis currently it's gonna be a constant drop ,
So i will just waiting until reach the lowest and supported to be bullish again ,
At the end of this year i might make a move to decide buy or still waiting. Let's see.

[Kisanaq]

I think this is the cheapest price we can still get, remember there's always a surprise at the end of the year and I'm sure it will happen soon. bitcoin prices will soon skyrocket until December and then down again in January next year.

[alyssa85]

Just be careful with the "buy the dip strategy. According to the following article, we're due a reversal:

https://www.cnbc.com/2017/09/12/bitcoin-is-the-most-crowded-investment-in-the-world-right-now.html

In a year that has seen digital currency prices go higher not by percentages but multiples, investors are starting to worry that things have gone a bit too far.

Bitcoin is now considered the "most crowded trade," as measured by sentiment in the monthly global Bank of America Merrill Lynch Fund Managers survey. That means investors believe there are too many people on one side of the trade and it could be due for a reversal.

Bitcoin's price has surged about 330 percent this year, the beneficiary of a jump in interest for the cryptocurrency and a growing field of competitors, as well as a flight to alternative assets and, some fear, a speculative bubble.

The Merrill survey is one of the most followed and respected on Wall Street. Conducted during the week that ended Thursday, more than 200 global fund managers with at least $600 billion under management were surveyed.

[amacar2]

Will they cost 10k by December 15-20k next year?

$10k by coming december will be over optimistic speculation, I think price can easily cross $5k by end of this year and might be it will be around $9k and $10k by next year if everything works as predicted. Transaction fee is still high and that might cause huge hurdle in future, when lightening network will be activated than we can expect quite good pump in bitcoin price because sending bitcoin might cross almost zero when lightening network will be there.

Nobody can say this is the cheapest bitcoin price we will ever have but personally I think current price level is good entry point.

[susila_bai]

So if I have a good understanding about the inherent expansion in value because of the limited supply of bitcoin, and the fact that countries are using and even legalizing Bitcoin as it filters into more societies and exchanges, is it the last chance to buy cheap or at least affordable bitcoins?

Will they cost 10k by December 15-20k next year?

Or do we have more time to collect them at cheaper rates?

by December the maximum it can cross is between 5000 to 5800, more then that i dont think so, because right now the Bitcoin is in the accumulation period and we can see the price going down also. So if you are thinking of buying then you can split and buy on all bottoms.

[tevayo]

So if I have a good understanding about the inherent expansion in value because of the limited supply of bitcoin, and the fact that countries are using and even legalizing Bitcoin as it filters into more societies and exchanges, is it the last chance to buy cheap or at least affordable bitcoins?

Will they cost 10k by December 15-20k next year?

Or do we have more time to collect them at cheaper rates?

by December the maximum it can cross is between 5000 to 5800, more then that i dont think so, because right now the Bitcoin is in the accumulation period and we can see the price going down also. So if you are thinking of buying then you can split and buy on all bottoms.

It is still the bottom and there is no sure way to tell that there would be another dump in the coming months, so we must accumulate bitcoins when we have time to do so, as once the time will pass and no dump like this happens then we will regret that why we didn't buy bitcoins at this time.

[fanbeila]

Well,it seems to be a little bit hard for bitcoin price to almost double to reach $10k by this year end.We have one obstacle before bitcoin could take off.In november,most miners have decided to activate segwit 2x by once again hard fork as they had signed earlier in may 2017 in NYA(New York Agreement).Only after that,we could expect price hikes in bitcoin.But now,due to china banning ICOs and banning bitcoin exchanges,price is very low and it seems to be a good opportunity to buy bitcoins.

[rosygreat]

I heard that the price of bitcoin will be around 10k by the end of 2017.

[erikalui]

The major increase in bitcoins was only due to Segwit and then it dropped too in between. In Sept 2015, the price was $236 then in SEpt 2016 it was $600 and now it's more than $4200 which means there is no stable growth in the currency but it's just based on speculation. Fortunately as many had predicted in 2015 that the currency will drop to $100 when it suddenly increased to $500, today they wouldn't have imagined it to reach $4000-$5000+.  Japan accepting bitcoins was a huge plus as well and if more countries start accepting bitcoins, we could see a price of $8k next year.

[iv4n]

The major increase in bitcoins was only due to Segwit and then it dropped too in between. In Sept 2015, the price was $236 then in SEpt 2016 it was $600 and now it's more than $4200 which means there is no stable growth in the currency but it's just based on speculation. Fortunately as many had predicted in 2015 that the currency will drop to $100 when it suddenly increased to $500, today they wouldn't have imagined it to reach $4000-$5000+.  Japan accepting bitcoins was a huge plus as well and if more countries start accepting bitcoins, we could see a price of $8k next year.

I was here in that time, I started to learn about bitcoin in August 2015 and joined here in forum short after. Price was around 200 dollars and even then there were many speculations about bitcoin price. You give a short version of past two years, but you forgot couple things like halving, last year one big exchange was hacked. I also remember many similar threads like this one, buy while it's cheap and under 500 dollars, and thread with question to sell or hold more? Its like history repeating, buy while its cheap and under 10000 dollars. I believe this stories will come true again, and this time I'm holding.

[Catmony]

I don't think so, sooner or later we might see another massive crash in crypto if chinese government will officially release statement regarding ICO ban and shutting down of local trading platforms.

Hold whatever you have in fiat to get some cheap bitcoin along with other alts.

[oegarod]

If you go through the entire history of bitcoin, one could easily understand what is the present scenario. Days of buying bitcoin cheaper has gone, by that time very few understood about its potential. Now people wish to buy more, but they are not in a situation to afford because of the increased pricing.

[crairezx20]

I don't think so, sooner or later we might see another massive crash in crypto if chinese government will officially release statement regarding ICO ban and shutting down of local trading platforms.

Hold whatever you have in fiat to get some cheap bitcoin along with other alts.

I think this will be the last chance to buy cheap bitcoin .. its only a chinese exchanges not the whole world as you can seen there are a lots of exchanges in other country and there are many people are buying bitcoins not only in china..
Better to check the trends if where country are high amount of buying bitcoins.
As i can seen for now in google trends base on search nigeria is the highest demand of bitcoin..  
China is 15% below so i think if china will gonna close exchanges i think only few price of bitcoin can be reduce but it can be recover back again..

[Lanatsa]

If you go through the entire history of bitcoin, one could easily understand what is the present scenario. Days of buying bitcoin cheaper has gone, by that time very few understood about its potential. Now people wish to buy more, but they are not in a situation to afford because of the increased pricing.

This is one of the regrets on most people who did miss the cheap price of bitcoin back in the past on where we can still able to afford bitcoin on those times but now we are hitting recent 4k price which is really impossible for an average joe to buy. Even myself do really have a hard time on purchasing even on a single bitcoin because of its price.For now we can consider that bitcoins price is still cheap because of its potential in the future.