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December 18, 2017, 09:23:46 AM *
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Question: When do you recommend?
Buy Bitcoin Immediately - 15 (75%)
Buy Bitcoin after Dec 18 in case it slumps - 2 (10%)
Run for the hills and buy none - 0 (0%)
I like turtles - 3 (15%)
Total Voters: 20

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Author Topic: When to buy Bitcoin  (Read 481 times)
Bamel
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December 06, 2017, 04:46:12 PM
 #41

I don't time at all. I just recognize where I have the money that I want to put into it, and then just buy it at the price it's at, at that time. Same for btc purchases.
If you're confident in the use-case of bitcoin, it really matters little when individual exchanges happen.

Do that, and if you're feeling more advanced implement an Optimal Growth Strategy based on the Kelly Criterion. If you're not a die-hard, never-sell hodler, of course.

As someone who can't afford a ton of Bitcoin I am hesitant to do this because of the miner fees. Having to pay miners fees from the exchange to my wallet and then back to the exchange can be a decent percentage of profits when you have to do this multiple times.

There is no real need to DCA, especially with concerns re: high tx fees.
Just wait to see a slight fall in price - not long, not wait for a big crash, just a little dip from the absolute top prices - then buy, and wait a few years. Guaranteed gain unless you bought at the peak of a +300-1000%-price-appreciation-in-~2-months-bubble.
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Rludd
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December 06, 2017, 04:46:42 PM
 #42

I don't time at all. I just recognize where I have the money that I want to put into it, and then just buy it at the price it's at, at that time. Same for btc purchases.
If you're confident in the use-case of bitcoin, it really matters little when individual exchanges happen.

Do that, and if you're feeling more advanced implement an Optimal Growth Strategy based on the Kelly Criterion. If you're not a die-hard, never-sell hodler, of course.

As someone who can't afford a ton of Bitcoin I am hesitant to do this because of the miner fees. Having to pay miners fees from the exchange to my wallet and then back to the exchange can be a decent percentage of profits when you have to do this multiple times.

There is no real need to DCA, especially with concerns re: high tx fees.
Just wait to see a slight fall in price - not long, not wait for a big crash, just a little dip from the absolute top prices - then buy, and wait a few years. Guaranteed gain unless you bought at the peak of a +300-1000%-price-appreciation-in-~2-months-bubble.
Very much this. I want to dollar cost average but the constant fees are putting me off. If I buy every month I am worried that over the course of a year I'll be paying large amount of fees. Is this just part of dollar costing?
vergel24official
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December 06, 2017, 04:46:51 PM
 #43

Seeing the bitcoin price now is high, what more in the future buy atleast small amount if you can't afford big.
mamaya
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December 06, 2017, 04:48:22 PM
 #44

I plan to sell out all by the end of the year after it has pumped from CME and hopefully before it crashes again.
samuraijin
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December 06, 2017, 04:52:56 PM
 #45

I think the price is cheap and that's where I'll buy and save a little bit with a bit of price will buy a lot of bitcoin and get a lot of profit from the bitcoin

Ibrahim60
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December 06, 2017, 04:55:46 PM
 #46

I think you need to buy bitcoin immediately. Because bitcoin price growing up never stopped. So you must get profit. I also think that bitcoin price never slump too much that you want. If it is slump but so little amount. So never wait for big amount slump. If you want to get profit, you need to buy bitcoin now.
cepedacharles
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December 06, 2017, 04:57:49 PM
 #47

For me you buy bitcoin now because many say that bitcoin price will increase in december and next year and if you going to invest now and your select is long-term because it's more profitable if You have a lot of money and you invest 2-3 years and start growing your bitcoin And should you buy a bitcoin should be on the secure market like poloniex, bittrex and your bitcoin will safe.

emberbekas
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December 06, 2017, 05:02:24 PM
 #48

So... when to buy Bitcoin? Now.. as it's about to hit $13,000, or wait for a slump?

Waiting for bitcoin prices to go down significantly to take a buy position at this point seems difficult. It is better to start to buy now and no need to wait for the slump. Wish this will become the right decision.

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crypto_world
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December 06, 2017, 05:06:37 PM
 #49

Bitcoin can always be bought. If you plan to keep this coin for several years, then you can buy Bitcoin every time you have extra money. In the future it will make you rich

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December 06, 2017, 05:07:56 PM
 #50

buying bitcoin is a good habit I think.. because it gives some good profit after a short time and increase in amount.I think the price of the bitcoin may be increase next year and get enough profit...
wallstone
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December 06, 2017, 05:14:52 PM
 #51

I think it is never late to buy bitcoin as when I bought it at 3000$ few months ago, it was seemed as expensive at that time but today everybody wish to buy at 3000$ which seems impossible now.  Well someday it will seems impossible to buy at this price so buy now
I agree that it is never too late to buy bitcoin and I think if we buy bitcoin few years ago I think we could become millionaire now because as of now the price of bitcoin was totally expensive. Even though it was expensive you must still keep on buying it because it will you to make much income.

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December 06, 2017, 05:25:58 PM
 #52

I will wait for the bitcoin price to go down and then buy and save it if bitcoin price will come back up I will sell it and I make sure it will get a huge profit.

Pamadar
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December 06, 2017, 05:29:39 PM
 #53

I think you need to buy bitcoin immediately. Because bitcoin price growing up never stopped. So you must get profit. I also think that bitcoin price never slump too much that you want. If it is slump but so little amount. So never wait for big amount slump. If you want to get profit, you need to buy bitcoin now.
As we see how far bitcoin went after this thread was created, so I also thinks that OP should analyze and assess if how far he can take the risk,
anytime correction will happen and that will make some downfall if OP can take that then the timing still okay and buy bitcoin and hold would be
profitable in the long run.

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damrianto
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December 15, 2017, 01:47:56 PM
 #54

now is not a good plan for investments who want to buy bitcoin.
  you can temporarily store eth in the wallet. when it's right that next year you will be able to get big profits

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December 15, 2017, 01:53:49 PM
 #55

If you want to invest in bitcoin, then you can buy it now, yes, right now. Because in the long run, bitcoin is sure to go up. People are always hesitating to miss the opportunity, I hope you will have a good investment to start, my friend!

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December 15, 2017, 01:58:42 PM
 #56

The btc price is $ 18k and I think it is the highest price. So everyone will be selling their btc and coming up with a slight discount, that's the time to buy.

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December 15, 2017, 02:06:34 PM
 #57

So... when to buy Bitcoin? Now.. as it's about to hit $13,000, or wait for a slump?
Now is the time! We can't wait for the price to drop because it won't happen anytime soon due to the continuous increase in demand. Wait any longer and the price will just keep on rising..

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December 15, 2017, 02:15:32 PM
 #58

So... when to buy Bitcoin? Now.. as it's about to hit $13,000, or wait for a slump?
Just buy whenever and what price you want and if bitcoin will falls just hold it because it is pretty sure bitcoin will recover after some corrections

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December 15, 2017, 02:25:53 PM
 #59

it is who the price is low, you buy.
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December 15, 2017, 02:57:10 PM
 #60

From a long-term perspective, the price is not high. It's still not too late to buy Bitcoin. Because in the long term Bitcoin will grow tens of times. However, in the short term, you can wait for a correction, which most likely will not be until January next year (but it is not clear))).

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