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Author Topic: Should I stop Buying BTC?  (Read 17252 times)
Tmnt581
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September 14, 2017, 05:23:46 PM
 #1

Should I stop buying BTC for above market value or should I start paying the listed price? I support Bitcoin and still pay 5k a BTC does anyone see bitcoin going back up?
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September 14, 2017, 05:35:32 PM
 #2

Should I stop buying BTC for above market value or should I start paying the listed price? I support Bitcoin and still pay 5k a BTC does anyone see bitcoin going back up?

For now yes you can stop buying it because market is reacting in a negative way after the Exchange in China have started to shutdown. This would be a signal that other countries may soon follow it and thus the prices are going to slash in a big way in coming time.

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September 14, 2017, 05:38:29 PM
 #3

Should I stop buying BTC for above market value or should I start paying the listed price? I support Bitcoin and still pay 5k a BTC does anyone see bitcoin going back up?

If you may ask me what is the better thing to do then I would recommend the old saying of professional traders 'buy low, sell high' as bitcoin is experiencing a downfall right now I think it is the best time to buy because of this issues that made the price of bitcoin to plunge down. But it is better also to invest only what you can afford to lose.

No one can really tells what will happen in the future but you have a chart of past market of bitcoin and just take a look and understand the history of it and it will surely help, as history repeat itself.
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September 14, 2017, 05:49:58 PM
 #4

Should I stop buying BTC for above market value or should I start paying the listed price? I support Bitcoin and still pay 5k a BTC does anyone see bitcoin going back up?

Yes, I'm still believe on bitcoin so I keep hold most of my bitcoin. Chinese issue may affect this fenomena but I'm sure there will be another momentum for bitcoin to going up higher than current highest on this year.
But it's up to you since as we all know that bitcoin is risky investation ( high risk high reward ! )

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September 14, 2017, 05:53:03 PM
 #5

Stop or not it's all depend on you,
Bitcoin will always recovering back to the peak and always hit new ath every year for now,it's because it has not implemented yet and has a lot room to grow.
The question when you stop to buy it or not is whenever you play it,you should have a financial back up to support it.

It would be better for you to buy a bitcoin when the price is going down,they're exhausting their money to pump it and they need to cash some of it to push it again.Bitcoin has not hit its peak yet,so it will not cause you any harm if you keep holding it.

So if you can afford to buy it right now,then buy it.
Just play that you can afford to lose

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September 14, 2017, 05:55:26 PM
 #6

Should I stop buying BTC for above market value or should I start paying the listed price? I support Bitcoin and still pay 5k a BTC does anyone see bitcoin going back up?

It will recover soon whenever there is sudden dump in the price with the various reasons but with some days or week bitcoin price will touch the peak value again.
We do understand we should invest on bitcoin and buy it more. Hence, supply will increase and network blocks will be locked with vast payments. Then with the demand bitcoin price will increase and give huge impact.

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September 14, 2017, 05:55:54 PM
 #7

If you're in for the long run I would advise you to just keep buying if that is what you want. Maybe try to buy for a market rate instead of buying above the normal rate. By doing so you will be able to maximize your profits. But in the end it's your decision.
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September 14, 2017, 05:56:24 PM
 #8

Yikes 5K per BTC? You need a new guy. But this is a time to buy, not when it's going up silly.

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September 14, 2017, 06:12:54 PM
 #9

Thanks guys.
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September 14, 2017, 06:19:29 PM
 #10

Should I stop buying BTC for above market value or should I start paying the listed price? I support Bitcoin and still pay 5k a BTC does anyone see bitcoin going back up?
No one can tell when exactly bitcoin will start gathering momentum for the next upward movement. In recent time bicoin has surfer a significant lose from $4,800 down to $3, 800 all as a result of ICO ban in China. It will not be too bad if buy at this time. But don't invest all your capital, but some thing you can part with.

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September 14, 2017, 06:21:59 PM
 #11

Actually now is the best time to start buying more BTC, you should never buy at a hype, now is the time!

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September 14, 2017, 06:27:22 PM
 #12

5k a btc? that's a really high price, you should'nt have bought bitcoin when the price is near ATH. You should lower your average cost this time. You should open some buy orders near $3000 as there's a strong support and if the price bounce back you can get some profit.


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September 14, 2017, 06:28:01 PM
 #13

I think we should grab the opportunity while it is at low price,
And let's just hope that it would recover soon and be back on the high price.

   
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September 14, 2017, 06:33:41 PM
 #14

Waiting for some funds to buy my first bitcoins. Could become rich soon if the Chinese communist party ends as expected (XI confirmed with minority destroyed) and Kim sends a nuke against Japan  Grin

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September 14, 2017, 06:46:40 PM
 #15

You remind me of a friend of mine who always buys high and sells low because he panics.

He is the typical investor who would give a signal to Rockefeller to sell: It is said that Rockefeller was having his shoes shined by a boy who, while doing the job, started giving him stock tips. That made him get out of the stock market and avoid financial depression. It is argued whether the story is true or not but I think that’s not as important as the moral of it.

When an asset price hits ATH after ATH, it starts appearing in the news and, everybody, even uneducated people, starts buying because they hear that other people have had good returns and they want returns too. Then is when you hear the shoe shiner talking about stock, bulbs, houses, or bitcoins. So that is a sign that the asset in question is at least, overpriced. And, what do those people do when prices fall? They start panicking and sell.
I would advise you to do the opposite as my friend. If you really believe Bitcoin is a good investment, you should buy more because that way you would average the cost. If not, at least hold to it.

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September 14, 2017, 07:17:57 PM
 #16

Should I stop buying BTC for above market value or should I start paying the listed price? I support Bitcoin and still pay 5k a BTC does anyone see bitcoin going back up?

Just keep on the tradition of buying low, and selling high. This maybe the draw back of ICO banning in China, but I'm sure that bitcoin will recover soon. It happened a lot in the recent year, but if you don't trust bitcoin enough, you might have a regret when it recovers.

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September 14, 2017, 07:43:02 PM
 #17

Should I stop buying BTC for above market value or should I start paying the listed price? I support Bitcoin and still pay 5k a BTC does anyone see bitcoin going back up?
wait dont buy now , for a moment we think that bitcoin being hit by drought now, if there is hope until $3700 tomorrow please you buy, but if down to $2500 ready ready to sell big purchase land of magnitude

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September 14, 2017, 07:47:16 PM
 #18

Should I stop buying BTC for above market value or should I start paying the listed price? I support Bitcoin and still pay 5k a BTC does anyone see bitcoin going back up?

It will go back up, maybe this week but likely not. More likely it will go up again in 2 weeks or so~

China news and other things going on are causing some sell off.

Though I am worried that the marketcap has gone down to 110 Billlion across all crypto. It worries me we were at 170 billion and went down that muh that fast.



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September 14, 2017, 07:48:24 PM
 #19

Should I stop buying BTC for above market value or should I start paying the listed price? I support Bitcoin and still pay 5k a BTC does anyone see bitcoin going back up?
wait dont buy now , for a moment we think that bitcoin being hit by drought now, if there is hope until $3700 tomorrow please you buy, but if down to $2500 ready ready to sell big purchase land of magnitude
As stated bitcoin is expected to reach a bigger price in the upcoming days. The price at present seems dropping and the same might go low, so one who has got plans to buy can wait for a short time period and then make the decision whether to buy or to wait longer.


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aardvark15
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September 14, 2017, 08:25:03 PM
 #20

Should I stop buying BTC for above market value or should I start paying the listed price? I support Bitcoin and still pay 5k a BTC does anyone see bitcoin going back up?

I think you think about starting to buy. Drops like this are opportunities to get Bitcoins at a cheaper price. I wouldn't have bought Bitcoins at $5000 or even $4000. I won't buy any now unless the price drops below $3000 but you could consider starting to buy now if you have the money available to invest.

Always buy on a drop and ad the bottom if you can but we don't know where that will be yet. If you start buying now, you're at least getting Bitcoins at about a 35% drop from the peak so you're getting a bit of a discount on the price.

Only buy if you think the price will recover of course. You can always buy some now and wait for the price to drop more and buy more later if it does.

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