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Author Topic: How to train your money for costly bitcoin?  (Read 1772 times)
malikusama
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November 06, 2017, 01:01:52 PM
 #21

The bitcoin growth or profit percentage will be the same no matter either you are going to invest $100 or $1000. To be honest I don't take it as a problem what you can afford to invest do it instead of banging your head all around.
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November 06, 2017, 01:16:55 PM
 #22

Its true that bitcoin price has gone very high and even middle class people would get astonished on seeing its price and think that they cold not afford that huge amount to buy a bitcoin.Instead,they could even buy bitcoins for 100 or 200 dollars.Also,they could wait until price falls before or after hard forks and buy more bitcoins.Either a smaller or tiny amount of bitcoin,we should just continue buying it monthly which would be more worth in future.
Waiting for prices to drop is not so good policy from bitcoin point of view. The price will swing from the 7500 dollars to 7300/7200 dollars. After that next big leap will be there. Thus waiting till the fork is over might not work as expected. Same thing happened when bitcoin-cash was launched. One thing for sure, chinese influence on the bitcoin market is over. Now there are many companies and users from many countries heavily investing in the bitcoin. When chinese exchanges were closed everyone was thinking that bitcoin price will fall. Nothing happened. In fact prices were increased by leaps and bounds. Check the price trends in bitcoin from last December or last years July.
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November 06, 2017, 02:41:51 PM
 #23

Its true that bitcoin price has gone very high and even middle class people would get astonished on seeing its price and think that they cold not afford that huge amount to buy a bitcoin.Instead,they could even buy bitcoins for 100 or 200 dollars.Also,they could wait until price falls before or after hard forks and buy more bitcoins.Either a smaller or tiny amount of bitcoin,we should just continue buying it monthly which would be more worth in future.
Waiting for prices to drop is not so good policy from bitcoin point of view. The price will swing from the 7500 dollars to 7300/7200 dollars. After that next big leap will be there. Thus waiting till the fork is over might not work as expected. Same thing happened when bitcoin-cash was launched. One thing for sure, chinese influence on the bitcoin market is over. Now there are many companies and users from many countries heavily investing in the bitcoin. When chinese exchanges were closed everyone was thinking that bitcoin price will fall. Nothing happened. In fact prices were increased by leaps and bounds. Check the price trends in bitcoin from last December or last years July.
I further agree with what you were trying to say. There is no less risk when your waiting for the lowest possible price for bitcoin, besides its never really a good idea to just wait on dips and buy, but it will soon to follow those regrets that are at the end when you try to buy at the peak. Bitcoin fluctuation nowadays is literally mind breaking to guess or analyze.

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November 06, 2017, 02:43:38 PM
 #24

Given the situation of bitcoin prices are growing higher and more higher since last few weeks is becoming more and more difficult to keep up with the regular small fixed amount of purchase. Earlier for 100 dollars a month or bimonthly I was able to see the reasonable amount of bitcoin ( or should I say satoshis). Nowadays the prices have gone high which feels real good for existing amount purchased so far. However at the same time getting clueless about how much should be put aside for regular bitcoin purchase. Because for 100 dollars the amount of satoshis we get is nothing.
What do you think how to tackle the problem of investing in bitcoin on regular basis with prices going high and higher?

One of the good example of why we can't just go straight to the point that Bitcoin will be used as a regular currency. This age is so young that we must learn how to use it for the sake of the future generations. The pioneers in the crypto world will be the one who will get rich because they've accumulated some big amount of btc and they are using this advantage, and because we have this outstanding technology the later people who will know and understand this currency will make this as an investment too and the process will continue and we don't know how long.
Some experts are saying that bitcoins price can go up to 1 million dollars.

The only solution I know is that invest some pretty large amount now and meanwhile observe the price and make it as an investment. Is so ineffcient to use it as a regular currency nowadays. Just sayin'.

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November 06, 2017, 02:58:23 PM
 #25

I think it's better not to look at the amount of satoshis you got on your fiat rate, but to see the percentage growth along your investment. It's cold hard fact that buying a significant portion of BTC is hardly possible anymore, but being discipline is still a viable option i guess, how bout switching to ETH or a longer term investment like mining stuff? Anyway everything is just same if you look at the bigger picture, less satoshi but when it grow 20% also your fiat profit is still 20%. If you keep thinking on $100 investment are too 'dusty', consider going for alts where margin profit is higher rather than Holding for months for 50% growth, ALTs would bring your further than that.

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November 06, 2017, 03:12:58 PM
 #26

Given the situation of bitcoin prices are growing higher and more higher since last few weeks is becoming more and more difficult to keep up with the regular small fixed amount of purchase. Earlier for 100 dollars a month or bimonthly I was able to see the reasonable amount of bitcoin ( or should I say satoshis). Nowadays the prices have gone high which feels real good for existing amount purchased so far. However at the same time getting clueless about how much should be put aside for regular bitcoin purchase. Because for 100 dollars the amount of satoshis we get is nothing.
What do you think how to tackle the problem of investing in bitcoin on regular basis with prices going high and higher?
i think the best way to do now is to earn from bitcoins since it is in the highest price like selling and trading. and then keep the profit and wait for the price to go down deep to buy bitcoins. and the second options is to work, do a jobs that earns bitcoin in that way it will double the profits.
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November 06, 2017, 03:13:27 PM
 #27

for the price of bitcoin at this time is very heavy I guess to be able to have bitcoin as before. but for some people it is no different for those who sell their bitcoin that has been bought when it is cheap and sell it now. I myself since bitcoin experienced a significant increase never again buy and just get bitcoin through work and exchange it with bitcoin then this is the capital I use today  Smiley
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November 06, 2017, 03:20:31 PM
 #28

If you are tied to the dollar then I don't see any problems. What's the difference how many coins you bought? If you bought 1 bitcoin and it will bring you a profit of 100 dollars now of investment of a few thousand Satoshi bring you an income of $ 200. I don't see any problem. Can only be moral, but you do rejoice when the price of bitcoin is increasing.
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November 06, 2017, 06:20:05 PM
 #29


This is very good question that you have put forth in front of the community. Because truly its getting difficult to decide how much money to be spent on bitcoin each week. It should be regardless of the prices because we know that the price for bitcoin will grow in the future. But its difficult when it pumped to 7K in a single night. I mean that unimaginable pump and anyone can get scared with such hikes and there are more than thousand questions which ask for how to do it, when to do it. Really getting tough day by day. If it is steady growth then we are completely fine but if it is something like this form 3k to 7k straight in two to three days then thats difficult to decide really.


 
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November 06, 2017, 06:42:49 PM
 #30

I have a cheeky little solution but I am assuming that you are earning something in bitcoin every month. So instead of investing what you earn in fiat. Go for investing the bitcoins you earn. Take a fixed amount of bits for regular purchasing. This way you can tackle the problem of increasing price and moreover gain from the rising prices.
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November 06, 2017, 07:06:39 PM
 #31

Just continue to dollar cost average, this is the safest and best bet. Ride the highs and the lows with little stress.

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November 06, 2017, 07:18:30 PM
 #32

The bitcoin growth or profit percentage will be the same no matter either you are going to invest $100 or $1000. To be honest I don't take it as a problem what you can afford to invest do it instead of banging your head all around.


That’s fairly true actually. Because there is no point in making investment which are not affordable to oneself. I mean if I can afford to invest $100 then I should be happy with $150 and if I’m able to afford that $1000 then it’s obvious to get 1500 profit. There is no difference.

You have given good point here which talks straightforward. You will get whatever you invest and you will loose whatever you invest. So better make some calculations really to train your so called money. ;-)
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November 06, 2017, 11:19:36 PM
 #33

Idk, do you feel like your stack is big enough? Do you feel like we're going to go higher over the long term? Buys every two weeks or months (dollar cost averaging) is the smartest thing you can do to mitigate your risk. It's a good investment strategy.

This is the best advice I've seen, and it doesn't just apply to bitcoin. Any long term, significant investment is best made through dollar cost averaging so as to even out the price variance of buying assets at any one time. That said, it doesn't do anything to address the OP's question about what to do now that bitcoin is so expensive, but that's just the nature of the beast. Bitcoin is worth a lot more than it was last year, your $100 investment isn't going to move the needle much any more. There's no remedy for that. At this point, I'm not even dollar cost averaging new bitcoin purchases, because this price level doesn't seem to me to be sustainable.

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November 07, 2017, 12:17:20 AM
 #34

for the price of bitcoin at this time is very heavy I guess to be able to have bitcoin as before. but for some people it is no different for those who sell their bitcoin that has been bought when it is cheap and sell it now. I myself since bitcoin experienced a significant increase never again buy and just get bitcoin through work and exchange it with bitcoin then this is the capital I use today  Smiley

I think its best to trade along the margins if you have a good foresight by buying and selling within short times in order to  grow your money to be able to buy more and then repeat the process until you have so munch more than you started with but all this comes with luck and skill in trading.
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November 07, 2017, 02:00:49 AM
 #35

Looking at the price now, it seems hard to just buy immediately because you would only get a little amount of satoshi in your wallet but if you do the dollar cost averaging then it won't hurt that much to see the price go up or down because you have the average of it. One thing also is to buy in the dip, with the incoming hard fork, there is an expected dip after that so maybe it would be the opportunity for you to buy bitcoin.

In the psychology of a market cycle, we maybe in the period of thrill or euphoria now. We don't know when it will end but at some point, buyer steam would be weaker and that's the time the price would slowly go lower. Those who are already experienced in trading knows this cycle that's why they know when to buy and sell and see whale activity and when the price is down, that's the time to buy.

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November 07, 2017, 08:38:11 AM
 #36

Given the situation of bitcoin prices are growing higher and more higher since last few weeks is becoming more and more difficult to keep up with the regular small fixed amount of purchase. Earlier for 100 dollars a month or bimonthly I was able to see the reasonable amount of bitcoin ( or should I say satoshis). Nowadays the prices have gone high which feels real good for existing amount purchased so far. However at the same time getting clueless about how much should be put aside for regular bitcoin purchase. Because for 100 dollars the amount of satoshis we get is nothing.
What do you think how to tackle the problem of investing in bitcoin on regular basis with prices going high and higher?

I believe that we should still buy no matter the amount one can get from bitcoin. Our reality is here, bitcoin is hardly possible anymore, but being discipline is still a viable option i guess, to have profit to bitcoin, we neef to be patient and decipline
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November 07, 2017, 08:45:40 AM
 #37

Given the situation of bitcoin prices are growing higher and more higher since last few weeks is becoming more and more difficult to keep up with the regular small fixed amount of purchase. Earlier for 100 dollars a month or bimonthly I was able to see the reasonable amount of bitcoin ( or should I say satoshis). Nowadays the prices have gone high which feels real good for existing amount purchased so far. However at the same time getting clueless about how much should be put aside for regular bitcoin purchase. Because for 100 dollars the amount of satoshis we get is nothing.

Welcome to the world where the price of an article being 10BTC today becomes 1btc tomorrow. Since the start of the crypto market this has been happening. Now that bitcoin price is high I can understand you problem but there is not much you can do about it except that cashing out would be profitable to a large extent.


Quote
What do you think how to tackle the problem of investing in bitcoin on regular basis with prices going high and higher?
Personally I am holding bitcoin and not transacting much. However if you need to do regular transactions then I suggest buy smaller amounts of bitcoin keep the USD equivalent of that amount of bitcoin equal in all cases.

R


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November 07, 2017, 10:08:34 AM
 #38

Just go in too a trust able exchange like bittrex and sell your dollars or euros for bitcoin there i bought it from there but remember do not overbid it because that will give you a loss it is always a beginners mistake to overbid.
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November 07, 2017, 10:26:11 AM
 #39

I think investing in Bitcoin with such a small amount of money will be very difficult for you to buy a reasonable amount of BTC. Instead, you can invest in other Altcoin, more money, more profit and a lot safer than Bitcoin.
You are correct about the difficulty continuing to rise with investment in bitcoin. However the investment in altcoin is not safer at all. We all know that altcoins have very short life and mostly used for the pump and dumps. Altcoins are good for trading to earn some quick profit if you are following it thoroughly. Otherwise reliance on the altcoin will very dangerous. If you look at the next five altcoin to the bitcoin then you will notice that only ethereum, bitcoin-cash, ripple have somewhat good market capital.
It would be better to change the strategy of monthly to bimonthly or quarterly.

I can't quite agree with your point

You seem to be inadvertently confusing altcoins with shitcoins. All shitcoins are altcoins by definition, but not all altcoins are shitcoins (logic for dummies). In this way, major altcoins (my personal preference is Litecoin but it is certainly not alone as a major altcoin) are not a lot riskier than Bitcoin investments. Yes, Bitcoin has been rising big way recently while altcoins mostly stagnated (in dollar terms), but that only means that it has been more profitable these days. You can't say that it is less risky or a lot less risky than top altcoins (read the latter are not safe)

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November 07, 2017, 10:46:59 AM
 #40

By risking of sounding like captain obvious, there is one of two things you can do:
1. Increase the amount of dollars to buy the predefined amount of satoshis.
2. Buy as much as you can for 100$

This is expected consequence of constant rise in btc value.
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