How to train your money for costly bitcoin?

[Mister1k]

I don’t think that the problem is the price itself, it is more of our trust to bitcoins future. If we believe that the value of cryptocurrency will keep increasing year by year, we will be likely to buy at any price today but because of lack of confidence toward our own belief and we can’t handle the pressure of uncertainty then it boils down to regrets every time we don’t have the chance to profits every year because of being afraid to gamble.

Since bitcoin has the price fluctuation tendency we will be worry about the bitcoin's value in the chart. We should wait for bitcoin to grow more higher in that especially. If we people are long term holder means within some months or years bitcoin will be taking your investment amount to double the value in the chart. Don't say that we do not have chance to see the dump that is my opinion.

[777Bitcoin]

I don’t think that the problem is the price itself, it is more of our trust to bitcoins future. If we believe that the value of cryptocurrency will keep increasing year by year, we will be likely to buy at any price today but because of lack of confidence toward our own belief and we can’t handle the pressure of uncertainty then it boils down to regrets every time we don’t have the chance to profits every year because of being afraid to gamble.

Since bitcoin has the price fluctuation tendency we will be worry about the bitcoin's value in the chart. We should wait for bitcoin to grow more higher in that especially. If we people are long term holder means within some months or years bitcoin will be taking your investment amount to double the value in the chart. Don't say that we do not have chance to see the dump that is my opinion.

That is right, then I maybe wrong not mentioning about long term holders. Fluctuations is normal due to bitcoin nature because it is more of a human nature’s tendency to be affected by rumors and black propagandas. I don’t mention about bitcoin will not experience dump because it always does, example the 2800$ dip last September due to China regulation and Jamie Dimon CEO of JPmorgan bad comments.

[ivanst776]

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.

If you are waiting now for this coin to dump then this is one of your big mistake so if you are willing to invest into this coin then invest now because price has already crossed 7.5k and soon it will be near 10k and that time will be the profit seeking rather than buying and at that time rather than you regret so invest now so that you can earn at that time and bitcoin is best at profit giving once put believe and earn.

[farwellbit]

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.

Exactly there will be same percentage of profit for every investment. It doesn’t even matter what investment you have, the ratio of profits will be more than enough for every portion of investment. Make it more easy, whatever you can afford, put it in investment and then see the results. Make some good amount and then start going up width bigger investments.

[Qastessa]

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.

You are right we will have to I know the real price and the value of the bitcoin because as the time going the bitcoin is being very high in the price but for this we will have to know the best valuable price and the bitcoin will help a lot of the people to grow and to increase the power of the bitcoin I hope the bitcoin will be the future of the money and the future of the money will be bright with the investment of the bitcoin.

[Maddinson100]

first do a lot of paper trade or if you found free software where you can play your money, the catch is get used to it first before spending your money because if you have not enough knowledge when you trade its just like gambling not knowing what lies ahead mush different in trading/investing where you studied the possible outcome

You have used the best strategy indeed.  The whole thing is entirely dependent upon the guess game. You don’t actually know that whether the price is going to fall substantially to a lower level that meets your requirement or it is going to shoot up again. Hence keeping your money set aside waiting for the price reversals is all dependent upon the luck.

But in my opinion the safest thing to do is to keep in investing your money in some sort of business so that the economy doesn’t remain stagnant and this is how the chances of buying more btc would increase automatically.

[Silberman]

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?

That's really the main problem now for small investors planning to invest in bitcoin. With the high price of bitcoin, these small investors have a hard time planning on how much money should they spend to get some bitcoin (actually, satoshis). Last year, you can buy 1.315 BTC with $500.00 (lowest price of BTC last year is $380.00, REALLY!!!). Imagine, if you've bought that bitcoin last year and hold it until now, you would have around $9,500.00 in your pocket (that's 19x your investment). Now, you can get around 0.07 BTC only with $500.00. See the difference.

But now, we can't go back in past, and we have nothing to do with that situation. We have to accept the fact that we've missed the opportunity that bitcoin have given to us before. The best thing to do now is to invest your money in other cryptocurrencies or what we call ALTCOINS. Don't chase the bitcoin craze now because it's too late now IF you're going to invest just a small amount of money to it.

Investing 500 dollars in bitcoin is not that bad of an idea but it depends on how frequently you can do it, if you can do that once a month then investing that amount on bitcoin is fine but if that is the only money you can invest in the foreseeable future then it may be a good idea to invest in some altcoins and maybe in some icos that show promise, I know it can be hard to admit we lost a great opportunity to make a lot of money with bitcoin but there is nothing to be done except to wait for the next chance.

[Zadicar]

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?

Get used to it since you cant change anything and we do know prices would really be not the same anytime on bitcoin on which if we did tend to buy $100 before and after we would really able to point out on whats their difference and decision if we do tend to convert it basing on the monetary value of our own currency before you do put some money or you would just decide to follow your old traditional ways of buying bitcoin.

[henmark]

Keep spending the same amount you were. The USD value is the same, just see the bitcoins you purchased at a cheaper price as "discounted coins".. You just have to think that in X years, what you're buying now will seem very cheap in comparison to the actual price.

Agreed! If you want to increase the worth of the bitcoin which you are having in your pocket, then you have to for sure go for holding of bitcoin and that too for quite a long period of time. It is the only way of increasing the worth of your money.

In fact, this will also help you in having more amount of money and that too without putting in lot of efforts. All you need is to remain patient.

[Silberman]

Just set aside 500 dollars a month and when you have 5k you just wait till bitcoin drops down and buy 1 with that 1 bitcoin you invest in other coins and make the most out of them that is what i did and i have a lot of profit out of them.

In my opinion that is not a valid strategy anymore, that will take to you 10 months and ten months is an eternity in the world of crypto, just look where the price of bitcoin was 10 months ago, so the only strategy that we can apply is to invest every single dollar we can afford in bitcoin as fast as possible if you do not do that you are going to lose a great deal of profits.

[Drixy]

well, maybe you must prepare some money, and then, keep focus on bitcoin price which one sometimes not stable. then you can buy when the price drop..

Good idea to prepare for a drop and invest immediately a large sum of money to begin with and wait for a convincing time to spend or withdraw all that. Price drop was made on last few days passed and it was a $1000 drop i know its a lot but bitcoin recocers all that from few days ago too so i did think that it was planned by a stock holder of bitcoin to withdraw and upheld it.

[Darker45]

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?

That is true. When Bitcoin goes high, the feeling will be double and opposite. On the one hand, we are happy that Bitcoin is gaining great acceleration in price growth. But on the other hand, we are also somehow sad that we cannot anymore buy a significant amount of Satoshis with our little savings. But then it is still worth it for as long as there is almost certain growth as compared to a kind of gamble with some other coins.

[dunfida]

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 would say it is just like the same which the satoshi we do earn would really be less compared wayback before when it was still cheap which is really normal. The thing that hesitates us is when bitcoins price tend to go down suddenly which would really result on non-good situation. We can accumulate on small parts or satoshis but it not really good in the eyes when we do purchase worth of $100 of bitcoin but the numbers is quiet few but we should get used to it since btc is already valuable which values are expected to be on this way.

[carriebee]

well, maybe you must prepare some money, and then, keep focus on bitcoin price which one sometimes not stable. then you can buy when the price drop..

Good idea to prepare for a drop and invest immediately a large sum of money to begin with and wait for a convincing time to spend or withdraw all that. Price drop was made on last few days passed and it was a $1000 drop i know its a lot but bitcoin recocers all that from few days ago too so i did think that it was planned by a stock holder of bitcoin to withdraw and upheld it.

This is true bitcoin become expensive day by day that price is increasing. Yes I agree when the price drops the best thing to do is buy bitcoin on you can afford amount to invest. As been said invest on what you can afford only but then still profit may achieve because bitcoin would be high soon.

[ricardobs]

we, we can wait until the price drops before or after hard fork and buy more bitcoin me. and while we are going to invest in altcoin to do trade that can generate a lot of bitcoin for a short period of time to get good results

There is nothing hard on how you can handle your investment during high price rate times. Okay, according to the op, he bought lots of bitcoins at the time when price was very low, which is a very good thing that he did, he was really lucky.

If he really bought much, then there is no need to invest now at this high rate, he better wait and earn profits from his first Investment while he waits for a price decrease.

[darewaller]

Just set aside 500 dollars a month and when you have 5k you just wait till bitcoin drops down and buy 1 with that 1 bitcoin you invest in other coins and make the most out of them that is what i did and i have a lot of profit out of them.

You really have a good plan, just set aside an amount of money and wait for the right time to invest into bitcoin and altcoins. As of now, I will advise to invest on Altcoins cause they will rise very soon in price rate, especially Ethereum.

For bitcoin, this is not the right time, the price is still dropping slowly and very soon it will drop to a very low rate and will get pumped again. So wait for it to drop and invest immediately.

[traderethereum]

we, we can wait until the price drops before or after hard fork and buy more bitcoin me. and while we are going to invest in altcoin to do trade that can generate a lot of bitcoin for a short period of time to get good results

There is nothing hard on how you can handle your investment during high price rate times. Okay, according to the op, he bought lots of bitcoins at the time when price was very low, which is a very good thing that he did, he was really lucky.

If he really bought much, then there is no need to invest now at this high rate, he better wait and earn profits from his first Investment while he waits for a price decrease.

i think the op now is one of the richest person in his city because when he withdraw his money, i am sure he can make a lot of profit and he can do right now while the price is at a good price. i think he can withdraw several bitcoin and saving the money into his bank account while he can do another trading to increase his bitcoin again and i am sure that the profit will be bigger than now. he can buy another bitcoin when the price is decrease and then sell for higher price later.

[Bonenx14]

we, we can wait until the price drops before or after hard fork and buy more bitcoin me. and while we are going to invest in altcoin to do trade that can generate a lot of bitcoin for a short period of time to get good results

There is nothing hard on how you can handle your investment during high price rate times. Okay, according to the op, he bought lots of bitcoins at the time when price was very low, which is a very good thing that he did, he was really lucky.

If he really bought much, then there is no need to invest now at this high rate, he better wait and earn profits from his first Investment while he waits for a price decrease.

i think the op now is one of the richest person in his city because when he withdraw his money, i am sure he can make a lot of profit and he can do right now while the price is at a good price. i think he can withdraw several bitcoin and saving the money into his bank account while he can do another trading to increase his bitcoin again and i am sure that the profit will be bigger than now. he can buy another bitcoin when the price is decrease and then sell for higher price later.

OP's strategy is pretty good, we'd better imitate it if we can, and it's also true to buy the coin at the lowest price and sell at a high price. it is an opportunity to achieve high profits.

[TheUltraElite]

we, we can wait until the price drops before or after hard fork and buy more bitcoin me. and while we are going to invest in altcoin to do trade that can generate a lot of bitcoin for a short period of time to get good results

There is nothing hard on how you can handle your investment during high price rate times. Okay, according to the op, he bought lots of bitcoins at the time when price was very low, which is a very good thing that he did, he was really lucky.

If he really bought much, then there is no need to invest now at this high rate, he better wait and earn profits from his first Investment while he waits for a price decrease.

i think the op now is one of the richest person in his city because when he withdraw his money, i am sure he can make a lot of profit and he can do right now while the price is at a good price. i think he can withdraw several bitcoin and saving the money into his bank account while he can do another trading to increase his bitcoin again and i am sure that the profit will be bigger than now. he can buy another bitcoin when the price is decrease and then sell for higher price later.

OP's strategy is pretty good, we'd better imitate it if we can, and it's also true to buy the coin at the lowest price and sell at a high price. it is an opportunity to achieve high profits.

Imitating someone else's methods may or may not be a good idea. You never know how much truth the person has spoken and how much of their investments are actually true. Many investors often get paid for companies to shill for them. Now this attracts other potential customers. The one who invests with their own brains and thinks of the next step is the real investor.

Keep spending the same amount you were. The USD value is the same, just see the bitcoins you purchased at a cheaper price as "discounted coins".. You just have to think that in X years, what you're buying now will seem very cheap in comparison to the actual price.

Agreed! If you want to increase the worth of the bitcoin which you are having in your pocket, then you have to for sure go for holding of bitcoin and that too for quite a long period of time. It is the only way of increasing the worth of your money.

In fact, this will also help you in having more amount of money and that too without putting in lot of efforts. All you need is to remain patient.

You can try selling bits of that bulk amount you are hodling. I often sell fractions of it when price rises and buy more when price dips.

[lordquanta]

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.

Intent of thread was to discuss investment strategy with rising bitcoin price. It was NOT a whining about lost opportunities nor thinking situation as problem in first place. Instead approach is toward understanding situation and modify the investment moves accordingly. With this kind of discussion we all get benefit. like someone suggested that some well known alt-coins are also good option.  Coins likes bitcoin cash, litecoin, ether etc. We could come up with couple of month or quarterly strategy instead of monthly.