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Author Topic: When to buy ?...  (Read 451 times)
aliitp
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August 08, 2018, 10:32:19 AM
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Many speculations saying BTC can go as low as 5k or maybe even less, but nothing for sure, so is now the right time to buy ? or should we wait a bit longer for BTC price drops more ? of course am talking about buying considerably huge amount for the average Joe in $...

I have a strong feeling BTC was not created to settle at low 7k$ and a lot of potentials are yet to come...

As a side question, this part worries me more, say BTC reaches 1 Mil (lets just imagine) and you do have 1 BTC or more, which exchange will actually cash out that much money for you, is it even factual !?...
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cyrax00777
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August 08, 2018, 10:47:09 AM
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Nobody will answer this exactly. What can I say is that I did a little bit of study. It is better for you to buy when the price will get lower, like 6-6,5k. It also depends what type of invest do you want to do. Long time holding or short time trading. So, that's it.
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August 08, 2018, 10:49:58 AM
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You said it yourself. No one knows for sure, even us here, even the expert traders doesn't know with 100% guarantee where the price will go.

As a side question, this part worries me more, say BTC reaches 1 Mil (lets just imagine) and you do have 1 BTC or more, which exchange will actually cash out that much money for you, is it even factual !?...
If it ever reaches 1 mil, trust me. You wouldn't need to sell it.

locsta123
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August 08, 2018, 10:55:26 AM
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If it ever reaches 1 mil, trust me. You wouldn't need to sell it.

What do you mean you wouldn't need to sell it?

And in regards to the OP I personally think btc won't go below (or much below) 6k just my opinion though. And like the previous person said it depends on what you want to do if it is short term trading or long term holding Smiley.
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August 08, 2018, 11:29:05 AM
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I have a strong feeling BTC was not created to settle at low 7k$ and a lot of potentials are yet to come...
well... you already have your answer Smiley if you believe so then the right time is now
you can trade a bit and when it drops you can buy and accumulate some more

As a side question, this part worries me more, say BTC reaches 1 Mil (lets just imagine) and you do have 1 BTC or more, which exchange will actually cash out that much money for you, is it even factual !?...
when it's $1M/BTC then possibly bitcoin is the strongest currency
and most likely bitcoin is already accepted and adopted by most countries in the world
so why would you need to exchange it, just use it to buy and pay stuff

aliitp
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August 08, 2018, 11:36:54 AM
 #6

Nobody will answer this exactly. What can I say is that I did a little bit of study. It is better for you to buy when the price will get lower, like 6-6,5k. It also depends what type of invest do you want to do. Long time holding or short time trading. So, that's it.

6-6.5 sounds adequate to buy, thanks !...
aliitp
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August 08, 2018, 11:43:02 AM
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I have a strong feeling BTC was not created to settle at low 7k$ and a lot of potentials are yet to come...
well... you already have your answer Smiley if you believe so then the right time is now
you can trade a bit and when it drops you can buy and accumulate some more

Its my gut feeling !...


As a side question, this part worries me more, say BTC reaches 1 Mil (lets just imagine) and you do have 1 BTC or more, which exchange will actually cash out that much money for you, is it even factual !?...
when it's $1M/BTC then possibly bitcoin is the strongest currency
and most likely bitcoin is already accepted and adopted by most countries in the world
so why would you need to exchange it, just use it to buy and pay stuff

Am just worried IF and WHEN BTC Makes a Big hit, (100 times the current price or so...) whether if any exchange would buy my BTC and cashing out for me or Reject saying BTC is just too high right now and we dont have enough cash !...
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August 08, 2018, 12:46:12 PM
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I think you are missing the above point.
You think of bitcoin as something with a value in dollars / euro's / etc. The point that was made is that, íf bitcoin reaches 1 million, it probably means that bitcoin has become an accepted currency, therefor there would not be a need to exchange it anymore, you would use it like you would use cash right now.

If not, I'm sure that it will not reach that high of a value without potential buyers, so you won't have to worry about cashing in, if you would really want to.

marlon45
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August 08, 2018, 12:56:15 PM
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If you buy a bit every now and then, you do cost averaging which makes it more viable. You also lower your risk. Think long term imo
Barmalei06
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August 08, 2018, 01:13:51 PM
 #10

nobody knows what course will be farther, but it would be desirable that it has gone up
ryhames
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August 08, 2018, 01:25:17 PM
 #11

Nobody knows,
But maybe it is the side effect of postponed announcement from SEC until September 2018.
And if i want to buy, i will wait maybe 1 week again until the price bitcoin has stable because i think it just temporary effect of postponed SEC.
laborrdj
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August 08, 2018, 01:39:01 PM
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Just trust your instinct but also look at the stock market. In that you will when to buy and invest.
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August 08, 2018, 01:45:35 PM
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If it ever reaches 1 mil, trust me. You wouldn't need to sell it.

What do you mean you wouldn't need to sell it?

And in regards to the OP I personally think btc won't go below (or much below) 6k just my opinion though. And like the previous person said it depends on what you want to do if it is short term trading or long term holding Smiley.

When the time comes, you're going to be able to transact with the BTC you have even with your local stores. Would already might be pointless to sell it.

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August 08, 2018, 02:08:46 PM
 #14

Looking at the trend over the years, I can assure you that bitcoin can go lower, but it will surely bounce back stronger. As for the second part of your question, you can always use more than one exchange to sell.
DarkDrake
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August 08, 2018, 02:33:55 PM
 #15

sadly it is almost imposible for anybody to answer this question.

my advice would be to research the coins you are interested in buying and then make a decision on at what price do you feel it's worth buying at.

sorry that i could not be of more use.
smt_red
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August 08, 2018, 02:35:43 PM
 #16

BTC in future too will become gold of cryptocoins and people who would like save money just will buy BTC. Stay only in Bitcoin  Shocked
KingBit.io
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August 08, 2018, 02:49:22 PM
 #17

If anyone knows the exact answer, please let me know! Grin The truth is that there are good and bad periods. Moments of fall, some see as a bad sign, others see with a good signal. This will require technical analysis to make decisions. We can only make estimates.
boyptc
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August 08, 2018, 03:11:29 PM
 #18

Am just worried IF and WHEN BTC Makes a Big hit, (100 times the current price or so...) whether if any exchange would buy my BTC and cashing out for me or Reject saying BTC is just too high right now and we dont have enough cash !...
You don't have to think about it. When bitcoin hits that high prices again, people would love to buy it so these exchanges will keep opening their automatic buy and sell options.

And for your timing of buying, you have that strong feeling and add those positive replies from others. What are you waiting for? $6,400 is a good deal.

Sarel Wolmarans
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August 08, 2018, 03:52:47 PM
 #19

To think long term is the most important part, dont act on feelings!!
haohuynh
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August 08, 2018, 04:32:26 PM
 #20

When Bitcoin will go below 6k, You buy it. Waiting until 8k, you should sell it. Bitcoin is the strongest currency.
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