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Author Topic: Bitcoin is over 7000$ Should i invest now?  (Read 1145 times)
lordrost (OP)
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November 03, 2017, 08:27:41 PM
 #1

I keep my money with LTC and ETH.
I think to buy some BTC now. Should i buy now?

As for me, i think it will decrease to 6000, but then go up to 10 000

What do you think?
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November 03, 2017, 08:34:10 PM
 #2

if you believe that then it will be like that,should be right ?
trading rule :
never use what people says as your guide to make a decision,always do your own research.
which mean if you think it will move that way,why you do not make your own strategy ?
everyday and everytime are a good time to buy Bitcoin,because it has not found its place yet in my opinion.
they pumped it from $4000 to this price,that mean it has a possibility to reach $4000 more or less in the near future.
but even though that will happen,it will only for a few minutes because of the panic sell.
and lastly we still have a time for more than 10 days before segwit2x,i believe we should see the last one in the future.
hold it tightly.

for LTC and ETH,
if you already have a position in there,you should hold it.
because Bitcoin run will not last forever.
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November 03, 2017, 08:57:25 PM
 #3

If you are sure that bitcoin will decrease to $6000 before going to  $10,000 then you should wait until the price get back to that level. However, I have been following this market for quite sometimes now and I doubt if we would get back to $6000 before end of this year. Selling your ethereum and litecoin when the price is going down is not advisable and the right thing to do is to buy more coins when there price is going down.
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November 03, 2017, 09:38:14 PM
 #4

Well, you could invest now but chances are your investment will run into the red numbers pretty soon due to the inevitable (I assume?) correction after this peak. Are you allocating funds from ETH and LTC into BTC? I'd keep those two alts in any case. You could purchase BTC on a weekly basis so you spread out your risk. The cryptomarket is very unpredictable these days, more than ever!
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November 03, 2017, 09:54:16 PM
 #5

If you want to buy bitcoin but you doubt if this is the right time to buy or wait for the price to go down, maybe you should invest only a small fraction of the capital you plan to invest. That is, if you have $ 10,000 to invest in bitcoin, maybe you could buy now just $500, buy $700 worth of bitcoin at $6500, buy $1000 at $6000 and so on.
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November 03, 2017, 10:07:34 PM
 #6

it depends on if you want to hold for long or short time. you can buy now and hold for months and you will still take out your profit. . . but if it is for a short time, i fear a drop in price too. . . just wait and let see how it goes. .  . but personally, i a buying a little though waiting to see which way the market goes next
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November 03, 2017, 10:16:39 PM
 #7

I keep my money with LTC and ETH.
I think to buy some BTC now. Should i buy now?

As for me, i think it will decrease to 6000, but then go up to 10 000

What do you think?

Back when bitcoin reached $500 after struck at $200+ level for about half a year, some people questioned if they should invest on bitcoin that time because the price was considered as high. And then same question was being asked again when $1,000, $2,000, $3,000 so on have been reached. So now what?

What you need is guts to enter bitcoin investment and accepts all the associated risks rather than find an answer if it's really time to invest. No one knows what will happen so accept the deal if you really want to invest on bitcoin. Goodluck mate.

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November 03, 2017, 10:38:57 PM
 #8

I keep my money with LTC and ETH.
I think to buy some BTC now. Should i buy now?

As for me, i think it will decrease to 6000, but then go up to 10 000

What do you think?
Bitcoin already pumped into $7000 and i remember about the previous price was around $5900 and so, i will not buy the bitcoin right now. Just waiting for another correction and i will be able to buy the bitcoin much lower than the current price. Remember the bitcoin will never get the correction. the correction to stabilize the market.
To say about wait the bitcoin decrease will be better rather than buy it now.

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Indrawan77
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November 03, 2017, 11:14:05 PM
 #9

Eth and ltc is not a fast coin, as you can see the price is not moving a lot, for now the price is kind of rally too much, it will be a good idea to wait for a while, once there is a correction, buy immediately, if you keep on waiting you will lose the chance to get profit, people tend to wait too long and then they lost their opportunities
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November 03, 2017, 11:16:15 PM
 #10

If you are pretty unsure,  dont buy.  Follow your heart, dont get your trading positions over suggestions. Or much better evaluate each trading advices you get.  But whether bitcoin dumped or go up. Having bitcoin is like having a gold. It is priceless  and it will go up a more dozen folds in the future.
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November 03, 2017, 11:23:50 PM
 #11

I keep my money with LTC and ETH.
I think to buy some BTC now. Should i buy now?

As for me, i think it will decrease to 6000, but then go up to 10 000

What do you think?

The answer is totally up to your personal budget, expectations etc.

If you're looking for a short term trade, this may not be a good idea. If you're a holder, you can still buy it not to miss possible pumps. But never buy bitcoin blindly.
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November 03, 2017, 11:27:06 PM
 #12

I keep my money with LTC and ETH.
I think to buy some BTC now. Should i buy now?

As for me, i think it will decrease to 6000, but then go up to 10 000

What do you think?
Its your choice, I sold few of my ETH not that big amount but I want to ride the bull. If you want to ride and take some profits after the run, go buy bitcoin but if you dont want to as you are solid believing LTC and ETH will be the next to pump, go for your goal. Every coin has their own momentum.

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November 03, 2017, 11:28:31 PM
 #13

Bitcoin price may dump and pump and if you are unsure wether to invest or not it is best to make a firm decision first. Bitcoin price is expensive now we could invest and wait for the price to grow. Or else wait for the correction, it is a matter of thinking and taking risks in investing in bitcoin because value is high.
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November 04, 2017, 01:29:50 AM
 #14

Bitcoin price may dump and pump and if you are unsure wether to invest or not it is best to make a firm decision first. Bitcoin price is expensive now we could invest and wait for the price to grow. Or else wait for the correction, it is a matter of thinking and taking risks in investing in bitcoin because value is high.


i feel the correction is closer. but you can buy little now, wait for any movement. if it drops, buy little more but if it increases take your profit.
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November 04, 2017, 01:57:03 AM
 #15

I'm not sure there's been a worse time to invest than right now since BTC's inception.  A (possibly major) correction is not only looking likely, but even long overdue at this point.  I wouldn't go there.  Not even if I were one of the fortunate ones that got into it during BTC's infancy and could pretty much just keep investing every spare buck they had along the way... I think I'd wait it out for awhile and observe. 

I still have supreme confidence in the long term future of BTC, but I haven't been this pessimistic about it's short term prospects maybe ever.  It's been overvalued for awhile now, but thus far we've gotten away with only minor dips.  A "correction" is an entirely different ballgame and would be far more severe, and many signs point to this finally taking place.
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November 04, 2017, 03:09:59 AM
 #16

My advice is to wait a little bit and see what happens.  We've had a huge run-up in the last several days.  And if you look back for about a week at an intraday chart (like the hourly or 30-minute), you can draw an almost perfect trendline under price starting around $5800 and going all the way up to about $7200.  That trendline was just broken about 7 hours ago, which means we're likely in for at least a short-term correction.
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November 04, 2017, 03:19:25 AM
 #17

As others have previoulsy stated, if you think that BTC is going to drop to 6000 then you should wait until it happens before investing.

My personal suggestion is to wait until after the fork before buying BTC

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November 04, 2017, 03:23:46 AM
 #18

I keep my money with LTC and ETH.
then you are watching your money "melt away" as these two altcoins lose their value slowly and over time.

I think to buy some BTC now. Should i buy now?

As for me, i think it will decrease to 6000, but then go up to 10 000
did you just answer yourself?!!

this is always true about bitcoin no matter what the price is:
it will always rise in long term. sometimes it takes a day sometimes a week and sometimes a couple of months but it will rise because nothing will change, the supply is still limited which makes bitcoin scarce and the adoption (demand) is rising since more people find out about bitcoin and invest in it.

you should always be responsible for your investment. now is after a big and fast rise so it may not be the best time to buy but also it is bitcoin, it may continue rising like this for a couple more 1000 dollars.

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November 04, 2017, 04:02:59 AM
 #19

If you could accept losing this money without go broke, you should invest. Because even if the price goes down after the fork, on February will be worth at least 10K. So you should buy and just forget about because this month will have some blood.
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November 04, 2017, 04:08:05 AM
 #20

I keep my money with LTC and ETH.
I think to buy some BTC now. Should i buy now?

As for me, i think it will decrease to 6000, but then go up to 10 000

What do you think?


Keep that in mind that the current price for now is so high and I suggest you to wait for a little moment since maybe you can see some dumps on it, But if you can't wait for that then buy with extra careful and do some short trades as much as possible so that you can earn aswell buy again when there's a dump will came after the pump.

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