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Poll
Question: Dec 15: Current price of $3209/btc is within:
$100 of bottom - 0 (0%)
$500 of bottom - 0 (0%)
$1000 of bottom - 1 (14.3%)
$2000 of bottom - 4 (57.1%)
$3000 of bottom - 2 (28.6%)
$5000 (it's going to 0) - 0 (0%)
Total Voters: 7

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Author Topic: December 2018: Is this a good time to enter bitcoin if you have cash?  (Read 21774 times)
xuv500
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December 30, 2018, 08:31:56 PM
 #81

The bitcoin price index is now 1.000000 XBT = 3,836.92 USD


~1 year ago the price was 1.000000 XBT = 19,916.37 USD


The current price is 19.3% of the previous all-time-high.

I think those who wanted to buy bitcoin at cheap price would have already done by now. We will not see such cheap prices of bitcoins again. On the other hand those who are asking that should be buy now or wait for 2000$ , are the ones who will never buy at any price and keep on thinking .

Yes it's never a good or bad time to invest in bitcoin it's the move which we make after investing which yields us the profit or loss, there were people.who were waiting for bitcoin to go back to $5k mark so that they can buy bitcoin and when bitcoin dropped down to under $4k still those people will not buy it.
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January 03, 2019, 05:38:20 AM
 #82

Consensus believe bitcoin will test $1200. This is as bearish as the board has been in the last 6 years.

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January 03, 2019, 11:13:56 PM
 #83

Just set aside a cash or fund that you are prepared to lose when you are investing in a cryptocurrency like bitcoin. This kind of investment is always risky and if you are not yet prepared for this then educate yourself first on cryptocurrencies. Bitcoin stays below $4000 and still good to buy, many believes that the coin will further go down this year before pumping again.
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January 03, 2019, 11:48:01 PM
 #84

December 2017 was a good time to sell Bitcoin if you are holding some at that time when Bitcoin reached its all time high. December 2018 is a good way to start over again if you still want to hold coins and sell when it reach another all time high. There are upcoming events that might hurt Bitcoin price again like the upcoming Chinese lunar new year where usually, price of BTC goes down before the event.
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January 04, 2019, 09:02:47 AM
 #85

Consensus believe bitcoin will test $1200. This is as bearish as the board has been in the last 6 years.

I'd hardly call 4 people out of a total of 6 people who bothered to vote this poll a board consensus.
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January 05, 2019, 12:17:55 PM
 #86

Consensus believe bitcoin will test $1200. This is as bearish as the board has been in the last 6 years.

I'd hardly call 4 people out of a total of 6 people who bothered to vote this poll a board consensus.
That's why its called a poll because we can choose up on our insights and majority of them voted for $2000 price bottom which didn't eventually happen on December 2018. We are
already on 2019 and price is tanking on 3000 above price but well its still not a sure thing if we can go below again or would just tank until the price would gradual increase on next months.No one knows.

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January 06, 2019, 08:52:45 AM
 #87

Just set aside a cash or fund that you are prepared to lose when you are investing in a cryptocurrency like bitcoin. This kind of investment is always risky and if you are not yet prepared for this then educate yourself first on cryptocurrencies. Bitcoin stays below $4000 and still good to buy, many believes that the coin will further go down this year before pumping again.
That is correct, newbies have tendency though to buy 1 bitcoin in a hurry. There is a proven method that you can purchase in small amounts and gradually increase and you would not noticed that you have stash more than 1 bitcoin already. So I will say that since the price is tanking at $3-$4K, its still a good time to get in while they are still at a discount price.

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January 10, 2019, 06:06:05 PM
 #88

The bitcoin price index is now 1.000000 XBT = 3,836.92 USD


~1 year ago the price was 1.000000 XBT = 19,916.37 USD


The current price is 19.3% of the previous all-time-high.

Price of bitcoin has not changed over the last 40 days. Sentiment has been low based on polls and opinions of bulls.

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January 11, 2019, 11:44:42 AM
 #89

.. snip ..

Price of bitcoin has not changed over the last 40 days. Sentiment has been low based on polls and opinions of bulls.

It's because there's not enough volume, meaning just the same people playing around the market, either shorting or just long term holders or even speculators who uses bot to trigger another sell-off just like we witnessed in the last 48 hours.

So there's no fresh blood to pump the market and unless we hear some good news to come this month, we might see the price trading sideways or worst going to the lower lows or the edge of $3K.

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January 11, 2019, 12:13:06 PM
 #90

If you bought bitcoin in the year of 2018 December you can get some profit last few days because bitcoin became $4000 again but the value of it decrease and now is $3600 again and don't be worry about that . You can enter bitcoin finally this year 2019 because it will be better the value compared last year 2018 when the whole year always decreasing the value. There is no need for you to think more just invest now your extra money.
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January 11, 2019, 01:35:13 PM
 #91

.. snip ..

Price of bitcoin has not changed over the last 40 days. Sentiment has been low based on polls and opinions of bulls.

It's because there's not enough volume, meaning just the same people playing around the market, either shorting or just long term holders or even speculators who uses bot to trigger another sell-off just like we witnessed in the last 48 hours.

So there's no fresh blood to pump the market and unless we hear some good news to come this month, we might see the price trading sideways or worst going to the lower lows or the edge of $3K.

Well that's something to expect since people have other priorities when it's holiday season. The price last december definitely would be a good time to take stocks but it's also giving time so many people don't have that much to spare.

 
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May 12, 2019, 07:20:22 PM
 #92

Indeed it was a good time to enter 5 months ago in December. Interestingly in the poll several voters believed that bitcoin would hit as low as $1200. Is that still possible? Yes, but will it go that low. Will there be enough fear and when? Where would the buyers enter if it could go below $2000?

All questions I'm sure we think about a lot.

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