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Author Topic: When to buy Bitcoin. The price of the coin exceeded $ 6500  (Read 176 times)
Bounty_Hunter
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August 26, 2018, 09:51:25 AM
 #21

I'm afraid it's too early to buy. The price is not stable yet and bitcoin may drop below $ 6,000. I think spring or winter would be a good time for shopping)

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August 26, 2018, 09:57:43 AM
 #22

There shouldn't be a specific timeline to indicate it is a time to buy or not but I think the price now is at its lowest and buying bitcoins now will make you a profit in case the price goes above 8000 to 10000 in the next few months which is highly possible.

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August 26, 2018, 10:16:02 AM
 #23

To buy bitcoin you can used coinbase and and of the exchanges. I believe that the current recovery may get bitcoin above $7500 before we can see another correction again. To buy bitcoin now that the price is low will give more profit in years to come.
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August 26, 2018, 01:28:50 PM
 #24

I think buying bitcoin is stupid now. The price may fall lower especially if we take into account the deviation of bitcoin ETF today.

I totally disagree with you if you buy on long term. Even medium term. If you plan to hold your bitcoins for 5 years, bow and next year is best chance of your lifetime. What is left of your lifetime of course. You will never have better chance again.

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nidacoinlove
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August 26, 2018, 01:48:09 PM
 #25

I think buying bitcoin is stupid now. The price may fall lower especially if we take into account the deviation of bitcoin ETF today.

I totally disagree with you if you buy on long term. Even medium term. If you plan to hold your bitcoins for 5 years, bow and next year is best chance of your lifetime. What is left of your lifetime of course. You will never have better chance again.
Planing to hold for a long term is a good idea but it needs a lot of patience and some huge courageous nerves to fight with the time. By the way I personally like target based holding. It minimises the risk ratio as well as you are most of the time updated with with the events and occurrences to get a good view of the market. You get more opportunities to achieve your target.

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August 26, 2018, 01:56:06 PM
 #26


Over the past six days, the Crypto-currency has risen in price by 8%. Today, its rate may decrease, says CoinDesk analyst Omkar Godboul
On Monday, August 20, the average market rate of Bitcoin rose above $ 6500, after which it declined. Now the Crypto currency is trading at $ 6,480, August 14, its price was $ 5,980, over the past six days it has risen 8%. At the same time, the total capitalization of the industry grew by $ 27 billion.

According to the expert CoinDesk Omkara Godboula, in the near future the price of bitcoin should remain above the $ 6320 zone, otherwise the rate will again fall to the level of $ 6000. Then, the Crypto currency may fall to $ 5859 and $ 5755.

On the other hand, if the coin value can rise above $ 6595, it will reach the $ 7000 zone. Bitcoin will begin to recover gradually if it can consolidate above $ 7067. In the near future this is less likely than a negative scenario.
It is still at a very low price compared to what it can achieve as we already saw. Bitcoin has potential to go way beyond $20k and still stay around those prices for a long time, its just a matter of time before another huge bull run happens. The prices of bitcoin was around 900 dollars last year and than went to 20k, there is still a chance that bitcoin goes above $20k and closer to $30k from $6k levels. So i think buying even now is great chance at the dip.

People bought bitcoin when it was $20k thinking bitcoin will be going to $100k or whatever and now they are sad they purchased so high but when you tell people to buy at the dip so they can cash out when bull comes again they are afraid, than they watch the bull run sadly and try to get in too late and hope they can make profit.

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August 26, 2018, 02:26:41 PM
 #27

the price of bitcoin should remain above the $ 6320 zone, otherwise the rate will again fall to the level of $ 6000. Then, the Crypto currency may fall to $ 5859 and $ 5755.

On the other hand, if the coin value can rise above $ 6595, it will reach the $ 7000 zone.

i think now everyone knows how bullshit speculations like these are. it is funny that sometimes it comes from news sites like Coindesk,...
we all know that bitcoin is volatile and its fluctuations don't mean rise or fall. in other words going down to $6000 does NOT mean going further down. and going up to $6595+ does NOT mean it should rise up. as you can see price has been above that price for more than 2 days now and we have not yet went above $7k.

at this point the market is still controlled by the fear and is supported by the strong belief that $6k is the bottom. and as long as these two are around we will stay in the same range: between $5.9k-6k and $7k-$7.5k and it is neither a rise or fall worthy of mention, when it goes up and down within this range.














 

 

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Febo
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August 31, 2018, 04:36:57 PM
 #28

I think buying bitcoin is stupid now. The price may fall lower especially if we take into account the deviation of bitcoin ETF today.

I totally disagree with you if you buy on long term. Even medium term. If you plan to hold your bitcoins for 5 years, bow and next year is best chance of your lifetime. What is left of your lifetime of course. You will never have better chance again.
Planing to hold for a long term is a good idea but it needs a lot of patience and some huge courageous nerves to fight with the time. By the way I personally like target based holding. It minimises the risk ratio as well as you are most of the time updated with with the events and occurrences to get a good view of the market. You get more opportunities to achieve your target.

No. Holding long time is totally simple. You dont have to do anything at all. Cant be more simple as that. But if you want to do something I suggest you this SSS method. https://bitcointalk.org/index.php?topic=345065.0    You sell 10% when price doubles and buy back when decreases. This way you never miss moon, so sale to early and you also get returned your investment and dont end up with full bags.

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August 31, 2018, 06:04:11 PM
 #29

I think buying bitcoin is stupid now. The price may fall lower especially if we take into account the deviation of bitcoin ETF today.

I totally disagree with you if you buy on long term. Even medium term. If you plan to hold your bitcoins for 5 years, bow and next year is best chance of your lifetime. What is left of your lifetime of course. You will never have better chance again.

yes you are right, investing a huge amount right now will give you an opportunity to become wealthy in the future since the market price is volatile and bitcoins is very low for so long.

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August 31, 2018, 09:42:18 PM
 #30

On the other hand, if the coin value can rise above $ 6595, it will reach the $ 7000 zone. Bitcoin will begin to recover gradually if it can consolidate above $ 7067. In the near future this is less likely than a negative scenario.

 it's been 9 days since this post and it seems the price is struggling to stay above $ 6900 and since we do not have good news to drive a big price increase, we can imagine that the price will fall to $ 6200. it has been very bad months for bitcoin and altcoins, I would not have imagined that I would ever see the ETH price below $ 280. Imagine the losses that many people must be having with these price falls

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August 31, 2018, 09:51:21 PM
 #31

On the other hand, if the coin value can rise above $ 6595, it will reach the $ 7000 zone. Bitcoin will begin to recover gradually if it can consolidate above $ 7067. In the near future this is less likely than a negative scenario.

 it's been 9 days since this post and it seems the price is struggling to stay above $ 6900 and since we do not have good news to drive a big price increase, we can imagine that the price will fall to $ 6200. it has been very bad months for bitcoin and altcoins, I would not have imagined that I would ever see the ETH price below $ 280. Imagine the losses that many people must be having with these price falls
The price does not always depends on "good" news or "bad" news. Moreover, the price did go above $7,000 for a brief moment and then fall back below $6,900. But right now we can see that the price has once again gone above $7,050 which is actually a good sign for us. Hoping to see the price exceed $7,500 within the end of the next two week which is quite possible if the price can sustain above $7,000.


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chris200x9
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August 31, 2018, 11:24:21 PM
 #32

I think buying bitcoin is stupid now. The price may fall lower especially if we take into account the deviation of bitcoin ETF today.

No, I think buying bitcoin is still too early. The FUD flow is still strong and too little time has passed since the previous bullcoin bull trend. I personally wait for $ 5000 to buy.

I'm afraid it's too early to buy. The price is not stable yet and bitcoin may drop below $ 6,000. I think spring or winter would be a good time for shopping)

What I know is no one knows the market bottom and everyone just doing a guessing game based on some past performance and current news. But market never moves based on our calculations so what I think is we should start buying in small amount instead of waiting for the market bottom. In case of a market don't reach to your bottom price then you may just keep watching market but never really enjoy the profit.
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September 01, 2018, 12:15:57 AM
 #33

I'm afraid it's too early to buy. The price is not stable yet and bitcoin may drop below $ 6,000. I think spring or winter would be a good time for shopping)

Even if it does drop below 6k, it will not stay there...the risk/return rewards are looking very much in favour of buying now

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September 01, 2018, 11:12:49 AM
 #34

I'm afraid it's too early to buy. The price is not stable yet and bitcoin may drop below $ 6,000. I think spring or winter would be a good time for shopping)

In my own opinion, investing a huge amount today is the best thing you can do since the market prices are still low and you will be surely earning a huge amount of profit if you invest today.

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September 01, 2018, 11:58:17 AM
 #35

I feel that the price of Bitcoin will not go below $5000-$000, so if anyone is interested in stocking up their wallet, I think now is the best time to do it.  And I mean,  the years is almost coming to an end and what we forget to understand is that 2018 was suppose to be a year of buying more (if you have the capital) and hodling cause it's a year of correction. The coming year may bring more pump.

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September 01, 2018, 09:06:38 PM
 #36

I feel that the price of Bitcoin will not go below $5000-$000, so if anyone is interested in stocking up their wallet, I think now is the best time to do it.  And I mean,  the years is almost coming to an end and what we forget to understand is that 2018 was suppose to be a year of buying more (if you have the capital) and hodling cause it's a year of correction. The coming year may bring more pump.

Even if it will go under $5000. Does that matter? No i dont, because if it goes that low it will stay there for a day or a week. Price will then move a pit up and just slightly move up and down for few months. Bottom line is Bitcoin under $10k is cheap. What is under $7k is a robbery.  5 years from now you would kill for a time machine to return to 2018. Probably 3 years from now.

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