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Author Topic: Should I stop Buying BTC?  (Read 17817 times)
RudeeTam
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December 22, 2017, 11:51:06 PM
 #921

Bitcoin will rise again eventually since it's the trend nowadays. With this knowledge, for me, I wouldn't stop setting aside around 5% max of my monthly income to invest in bitcoin as my retirement plan. Given that it is bearish now. It may also go down this coming January as people's interest go down after the holidays. Good luck!

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December 24, 2017, 03:46:21 PM
 #922

You will buy the bitcoin. Bitcoin pricess is going down so you will buy and save the bitcoin for the future invest. Next year bitcoin prices will be go high. So it will improver your future life. You will gather some information from bitcpin. If need to bitcoin process and process information check the market places you will get some ideas for the bitcoin.
It fell from $18000 to $16000+plus, but that’s not really much of a fall. I already stopped buying Bitcoin and just benefiting from the investment I made recently before the high price rate. I can’t buy at $18000 and above., But that’s for me, cause I can’t. If you think you’re able to buy at this rates, then there is no problem. You can always buy at any time, at any price rate.
You are right bitcoin is going high and it is already more than $19k. If you are having bitcoin right now you are very lucky even then you should not stop buying bitcoin and should buy more and more. So buy bitcoin and save as you can. I love bitcoin for my best and bright future and it is all possible just because of bitcoin. Now in several countries bitcoin is being legal so it is not good to wait more and make difficulties for you to buy bitcoin.

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December 24, 2017, 05:25:07 PM
 #923

There are advantages to buying BTC. One of them is if you buy BTC, you can wait for the exchange rate to go up. The other they try to buy BTC and sell it for a higher price. But you can also get to your own BTC then have it swap.
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December 24, 2017, 05:58:47 PM
Last edit: December 24, 2017, 06:11:28 PM by STT
 #924

BTC should be used not speculated on, thats the simple answer.   So users should both buy and sell in order to benefit from gains.   I sold a computer game last year for a quite small amount, however because BTC appreciated that amount is about 500 dollars now.

Obviously the game was completely spare to me so I didnt need to spend the BTC.   This is the ideal holding, of value spare and so in theory I have gained this much just by converting an unused item into BTC and holding it ready to transact at a future point.
I dont really call this speculation so long as my value was not needed and the value of that transaction might have never existed if the BTC network had not enabled me to sell digital copy of a game to someone who lives 10,000 miles away and both of us didnt have to pay any great fees or trouble in order to do this.
I do lament that bitcoin has become loaded with speculators instead of people transacting, if the price pulling back removes some of them it becomes a positive event.  Fear is not the correct reaction, be involved with crypto and stay positive in your outlook  Smiley

Fees need to be fixed ASAP, whoever does this should be gaining by the value they provide the world.  That is the best way forward.

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God Fist
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December 24, 2017, 06:11:57 PM
 #925

Absolutely not , stopping buying bitcoin ( if you still can afford to it of course ) , is not a good choice . In an analogy , imagine that there's only houses in the world and that you know people will be taking them , if you can buy then you should do it independently from whether people are choosing to get them or stay outside , because the day all those people will decide to get the houses , they'll be yours and you'll be making a huge profit , the sooner you buy them the lower is the price ! It's the same with bitcoin , 21 million coins and people are still discovering it ! they'll eventually want to own it sooner or later ! there's profit to grab in every coin you buy .
CoolSkeleton
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December 24, 2017, 07:06:19 PM
 #926

Do not store all the eggs in one basket. U can easily understand when it falling down, so if u got enoth btc then stop
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December 24, 2017, 07:18:35 PM
 #927

It fell from $18000 to $16000+plus, but that’s not really much of a fall.

It did touch the fibbonaci line at around $11,000

I already stopped buying Bitcoin and just benefiting from the investment I made recently before the high price rate. I can’t buy at $18000 and above., But that’s for me, cause I can’t. If you think you’re able to buy at this rates, then there is no problem. You can always buy at any time, at any price rate.

You can but you just dont want to. You dont need to buy a whole coin but you can buy few mbtc of it

If you are having bitcoin right now you are very lucky even then you should not stop buying bitcoin and should buy more and more. So buy bitcoin and save as you can.

Some people suffer a huge blow buying from the top and probably they have sold everything. Holding is just another story now

I love bitcoin for my best and bright future and it is all possible just because of bitcoin. Now in several countries bitcoin is being illegal so it is not good to wait more and make difficulties for you to buy bitcoin.

Unless there is a full restriction about bitcoin in your country then you could always use some loophole to buy bitcoin. I dont even think that there will be any restriction at all though unless you live in North Korea

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December 24, 2017, 07:33:18 PM
 #928

in my opinion this is one of the best times for buying bitcoins, if you haven't already done it, because it is now much cheaper than it will be soon
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December 24, 2017, 08:08:48 PM
 #929

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?
 

Don't stop buying Bitcoin. We all know that Bitcoin price is still low and decreasing as of the moment but don't be discourage because that is normal in trading but instead take this as opportunity to buy additional investment. We all know how Bitcoin performs well and how the price goes up and have exceeded the highest price so many times. Just hold and be patient to wait for Bitcoin so rise again. Hopefully, before the year ends or next year the price will go up again as others speculated. Let's just cross our fingers and believe in Bitcoin.
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December 24, 2017, 08:25:15 PM
 #930

Bitcoin is a great asset and at that any money invested in bitcoin will always earn you profits at the long run, even thou the price may be down now it only take a little patients and the price of bitcoin will go back up. My advice to you is that if you have the needed capital to buy bitcoin this is the best time to do so because you will buy at low price now and in a short time to come you sell at a very high price there by making a lot of profit.
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December 24, 2017, 08:35:10 PM
 #931

My advice to you is that if you have the needed capital to buy bitcoin this is the best time to do so because you will buy at low price now
If I have no more capital, should I borrow from my grandmother? Wink

in a short time to come you sell at a very high price there by making a lot of profit.
I thought I had to HODL, not sell?
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December 25, 2017, 01:03:51 PM
 #932

If you are trading with long term, I give advice to hold it. Because I believe the price of bitcoin will be higher.
But if you are the type of daily trading, this ia not the right time to buy a bitcoin, because right now the price of the bitcoin still being corrections.
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December 25, 2017, 02:13:26 PM
 #933

No way, I think this is the right to buying BTC. because BTC price now down. so, you should now buy BTC then hold 1 year or more then sell it & got huge profit.

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December 25, 2017, 03:36:15 PM
 #934

in my opinion this is one of the best times for buying bitcoins, if you haven't already done it, because it is now much cheaper than it will be soon

Exactly, the price of bitcoin is still quite low in the present time and it is in the price adjustment phase, buying it at this point, we will probably get a pretty good profit in the next year, this is a good opportunity to make money, should not miss. However, it is only a short-term plan, in the long run, I think we should stop buying bitcoin because the value of bitcoin is much higher than the price in the past, continuing to buy will bring us much risk, we can not be sure the bitcoin will still rise, pouring a big amount of money into buying bitcoin can put us in a bad situation, we will lose money, so should not overdose, this loss is difficult to accept, regret is still better than too risky

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December 25, 2017, 05:48:34 PM
 #935

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.
It really depends on your mind. If you have patience and eagerness to earn you dont need to ask. But i will tell you that you dont need give up. Why? Just look at the price of the bitcoin as of now. Motivate yourself to earn here.
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December 25, 2017, 05:54:07 PM
 #936

Do not store all the eggs in one basket. U can easily understand when it falling down, so if u got enoth btc then stop

I would advice the same. Never concentrate all of your wealth in a single asset. You need to diversify. I am not saying that you need to dump half of your BTC. You can convert small amounts, such as 10% or 20% to other assets such as bullion or equities.
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December 25, 2017, 05:55:04 PM
 #937

in my opinion this is one of the best times for buying bitcoins, if you haven't already done it, because it is now much cheaper than it will be soon

For long term holders price right now is really a good entry, buying then hold for some years will bring bigger profits, but if you are just going to do some shorting then its risky as bircoin swing is unpredictable and we can lose big amount if we make a wrong move.
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December 25, 2017, 11:33:41 PM
 #938

in my opinion this is one of the best times for buying bitcoins, if you haven't already done it, because it is now much cheaper than it will be soon

For long term holders price right now is really a good entry, buying then hold for some years will bring bigger profits, but if you are just going to do some shorting then its risky as bircoin swing is unpredictable and we can lose big amount if we make a wrong move.
I believe so, the price is stable and it won't go down below $10,000 and I think there will be a new wave of pump after witnessing great news that might lead to bigger speculation, that has been happening in the past so I don't think it will not repeat again because there are people who like to push the price when they are hype and that's the trend.

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December 25, 2017, 11:43:07 PM
 #939

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?
never think that you will stop on buying bitcoin you should buy and buy until you have money to buy it, then if the price is right then you can sell it in the right price you want.
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December 25, 2017, 11:55:24 PM
 #940

If you feel like you're already satisfied with you investment, then you can stop now since bitcoin's price is really expensive. But if you have all the money, they why stop buying? Bitcoin's market price doesn't stop growing anyway.

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