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Author Topic: How to buy 1 bitcoin  (Read 795 times)
stskv (OP)
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December 01, 2019, 10:12:00 PM
 #1

So I own $1000 in bitcoin but I want to invest the remaining amount to accumulate a whole bitcoin.  The prices fluctuates every second so how can I do this on coinbase?  I believe this is called a market buy order and I've looked at the steps on how to do this but I think they're outdated or wrong.
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December 01, 2019, 10:23:20 PM
 #2

So I own $1000 in bitcoin but I want to invest the remaining amount to accumulate a whole bitcoin.  The prices fluctuates every second so how can I do this on coinbase?  I believe this is called a market buy order and I've looked at the steps on how to do this but I think they're outdated or wrong.
Just look at sell orders and you can set buy order on exactly the price of someone else sell order and you will buy from him.
Simple as that, current price of 1 BTC is around $7500 u need a lot more.
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December 01, 2019, 10:43:27 PM
 #3

.... I believe this is called a market buy order and I've looked at the steps on how to do this but I think they're outdated or wrong.

What do you mean outdated or wrong?

May we know the steps you are talking about?

The prices fluctuates every second so how can I do this on coinbase?

The exchange rate will depend on the time the transaction got executed.

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December 02, 2019, 01:04:28 AM
 #4

So I own $1000 in bitcoin but I want to invest the remaining amount to accumulate a whole bitcoin. 
With what you have $ 1K, what is left of that amount for you to invest in bitcoin? how can you invest the rest for a bitcoin, while the price of bitcoin is now $ 7300.
need more capital to reach so you can bitcoin.

The prices fluctuates every second so how can I do this on coinbase?  I believe this is called a market buy order and I've looked at the steps on how to do this but I think they're outdated or wrong.
obviously at any time there will always be changes due to a transaction. now you just need to place it, if you want to sell or buy but all prices are determined by the price when you place.

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December 02, 2019, 01:27:23 AM
 #5

I made a mistake and invested $1000 in bitcoin on the bitcoin app not the bitcoin pro exchange.  My plan was to invest a small amount and see that build up but I change my mind and would like to the whole value of a bitcoin which around $7300 right now not just $1000 worth.  So how can I do this through the exchange?  So now I need to invest around $6300.
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December 02, 2019, 01:58:15 AM
 #6

So I own $1000 in bitcoin but I want to invest the remaining amount to accumulate a whole bitcoin.  
With what you have $ 1K, what is left of that amount for you to invest in bitcoin? how can you invest the rest for a bitcoin, while the price of bitcoin is now $ 7300.
need more capital to reach so you can bitcoin.

I think I'm confusing you.  I got $1000 from my bank account and put into bitcoin using coinbase pro.  Now I want to put in whatever is leftover to own a whole bitcoin not just $1000 worth.
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December 02, 2019, 02:52:24 AM
 #7

I made a mistake and invested $1000 in bitcoin on the bitcoin app not the bitcoin pro exchange.  My plan was to invest a small amount and see that build up but I change my mind and would like to the whole value of a bitcoin which around $7300 right now not just $1000 worth.  So how can I do this through the exchange?  So now I need to invest around $6300.
I will advice that you might invest little amount of first, dont spend to much in only one trade. Or you may try to split your money, if you are going to have a $7300 then maybe you should put $3300 to other alt coins and the bigger amount would be sent to bitcoin investment. Just invest to those trusted exchange! Nothing else for you not to commit mistake again.
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December 02, 2019, 03:07:56 AM
 #8

If you want to trade to hopefully increase your bitcoin stack, you're probably looking at Coinbase Pro: https://pro.coinbase.com/

Note, if you're a really inexperienced trader, I heavily wouldn't suggest going this route. My suggestion would be that you hold on to your bitcoin, and earn money through jobs/gigs/businesses instead and use the money you earn to buy bitcoin. You're highly likely to lose money with trading than to earn money.

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December 02, 2019, 03:52:13 AM
 #9

If that is the case, you are so rich to buy a whole 1 bitcoin out of your funds. I just highly suggest that prepare the safest wallet possible first before you buy so you already have a place to store it such as a ledger, though, I highly recommend not buying 1 bitcoin at this time. Try to consider buying at lower price if you are about to accumulate that huge amount of bitcoin. But if you just want to invest a small amount, then go ahead, try to find local exchange where you can have bitcoins at.
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December 02, 2019, 04:00:22 AM
 #10

So I own $1000 in bitcoin but I want to invest the remaining amount to accumulate a whole bitcoin.  The prices fluctuates every second so how can I do this on coinbase?  I believe this is called a market buy order and I've looked at the steps on how to do this but I think they're outdated or wrong.
If you trade on Coinbase, it's quite easy and you can literally buy BTC from them, they only update their prices every 5 minutes or so, and when your transaction is getting processed, it's basically set in stone (the price), and they can't change it.

They have huge, huge spreads though (something like 5%) and I would definitely recommend you to look at other options like paxful, which don't require your ID, and have only 1 percent or so via bank transfers (0.9% spread or smth, and then a 0.1% bank transfer, I believe).

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December 02, 2019, 04:11:53 AM
 #11

Use negotiate option on top of the page from Coinbase.

Then use the Buy option from the 3 given (Buy / Sell / Convert) and follow next instructions.

Care that you need to be verified so you can add multiple deposit sides such as pay pal, bank and so on.

Nothing to see here
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December 02, 2019, 04:17:37 AM
 #12

So I own $1000 in bitcoin but I want to invest the remaining amount to accumulate a whole bitcoin.  The prices fluctuates every second so how can I do this on coinbase?  I believe this is called a market buy order and I've looked at the steps on how to do this but I think they're outdated or wrong.
I think in almost every market, if it still in buy / sell orders means you can buy / sell on that price and executed it. Or if you are in hurry, you can pick sell orders in it and pump it. But my suggestion is set your own buy order and left it until it is executed. I never trade in coinbase, but i think the system is same with other market.

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December 02, 2019, 04:39:41 AM
 #13

if you want to invest 1 bitcoin, my suggestion is to divide your capital in several exchanges, if one day the exchange is problematic you don't lose all your money, although the exchange has a good reputation, we must remain careful of the assets we have.
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December 02, 2019, 05:18:27 AM
 #14

So I own $1000 in bitcoin but I want to invest the remaining amount to accumulate a whole bitcoin.  The prices fluctuates every second so how can I do this on coinbase?  I believe this is called a market buy order and I've looked at the steps on how to do this but I think they're outdated or wrong.

Just hold your bitcoin until the price increase so you will see your profit. The price will be like that every day and will always fluctuate. You don't have to worry if the price is down because soon, the price will increase. But if you have bitcoin in the market, I think you can use that bitcoin for trading, and you will have a chance to sell the bitcoin if the price increase, and you can repurchase bitcoin if the price is down. So that will allow you to make more money, and you will also have more bitcoin. But you will have skills to trade because it's not easy to trading.

I made a mistake and invested $1000 in bitcoin on the bitcoin app not the bitcoin pro exchange.  My plan was to invest a small amount and see that build up but I change my mind and would like to the whole value of a bitcoin which around $7300 right now not just $1000 worth.  So how can I do this through the exchange?  So now I need to invest around $6300.

You can send your bitcoin to the exchanges, and you can choose binance. I think you don't have to invest more because you have a chance to get your money back if you can be patient. Just wait for a while to see the bitcoin price will increase.

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December 02, 2019, 06:57:33 AM
 #15

if you want to invest 1 bitcoin, my suggestion is to divide your capital in several exchanges, if one day the exchange is problematic you don't lose all your money, although the exchange has a good reputation, we must remain careful of the assets we have.

The 1 Bitcoin is a huge amount of money so we must think many times before we proceed with it as it's hard to earn that money in real life. So for me if I do have that kind of money, won't invest all in Bitcoin, maybe around $2k only for Bitcoin and $2k for Ethereum and the rest would just rather save it as my emergency fund.

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December 02, 2019, 07:23:06 AM
 #16

I think I'm confusing you.  I got $1000 from my bank account and put into bitcoin using coinbase pro.  Now I want to put in whatever is leftover to own a whole bitcoin not just $1000 worth.
Then deposit it again on coinbase to buy the current price of bitcoin and I've got a warning to you.

Avoid people that will offer you to 'multiply' that amount you've got to obtain 1 bitcoin. Because of the desire you have right now to make it at least 1 bitcoin, you might be greedy and listen to them.

Avoid those strangers that might come to you.

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December 02, 2019, 07:27:32 AM
 #17

The 1 Bitcoin is a huge amount of money so we must think many times before we proceed with it as it's hard to earn that money in real life.
Who knows this guy is so damn rich and seems don't care the $6300 that he needs to have to complete his 1 bitcoin.
However, even if it's the case he should be knowledgeable about wallet moreover don't store any funds on exchange sites or any third party wallet.

Anyway, I would suggest OP to be careful in buying bitcoin and don't be impulsive. Try to understand the market first.
So how can I do this through the exchange?  So now I need to invest around $6300.
You just need a fiat, lol! Kidding aside, you can link your bank account on any trusted exchange site and just set your buy order.

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December 02, 2019, 07:45:11 AM
 #18

I think I'm confusing you.  I got $1000 from my bank account and put into bitcoin using coinbase pro.  Now I want to put in whatever is leftover to own a whole bitcoin not just $1000 worth.
Then deposit it again on coinbase to buy the current price of bitcoin and I've got a warning to you.

Avoid people that will offer you to 'multiply' that amount you've got to obtain 1 bitcoin. Because of the desire you have right now to make it at least 1 bitcoin, you might be greedy and listen to them.

Avoid those strangers that might come to you.

I do agree, this is the best choice, if OP does not have any experience to trading to at least increase his bitcoin holdings by buying bitcoin in a natural way is the best choice to collect a whole bitcoin that he wanted.

Yes, avoid scam and do not listen to making money in an instant or anything like this to prevent from losing all your funds.



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Rainbot
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December 02, 2019, 08:14:58 AM
 #19

Investing using your fiat money a total of 1 bitcoin is really huge money. Investing in it will not guarantee you a 100% profit cause this kind of market can take a fall also sometimes a massive downfall. Please don't put all your assets in an exchange, you don't know what may happen like security breach and data compromising... So just keep it instead on a wallet where you have full control of your private keys.

MarioV
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December 02, 2019, 09:22:49 AM
 #20

It is really becoming difficult to buy bitcoins. This is why it is healthier (against depression) to buy Satoshi, hoping that they will grow up and get over maturity.
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