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Author Topic: How much bitcoin to buy?  (Read 1355 times)
Aikidoka
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December 25, 2019, 06:01:48 PM
 #61

You did right though, buying bitcoin is one of the best decisions that you took I guess, I mean this timing is the best in my opinion because it's gonna increase in the future. Furthermore, buying bitcoin is more profitable in the long run unlike the other coins, because most of altcoins are so bad and you'll be rarely getting a profit from em.
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December 25, 2019, 06:48:32 PM
 #62

I recently purchased bitcoin, it was the most I have ever put into a cryptocurrency. 
This is going to be a long term buy, This was taken out of stock money,
Now that I have done this I feel more excited about
where bitcoin is headed than  I do about stocks. Now I feel like I should take more out of
Stocks, Feel there’s going to be more return this way. Thoughts on this am I getting carried away



Congratulations on making such a very necessary decision on buying btc, i think it is a very good decision especially when making it towards long term investment, am sure in 5 years to come you will be very happy making this decision now.
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December 25, 2019, 07:27:46 PM
 #63

You did right though, buying bitcoin is one of the best decisions that you took I guess, I mean this timing is the best in my opinion because it's gonna increase in the future. Furthermore, buying bitcoin is more profitable in the long run unlike the other coins, because most of altcoins are so bad and you'll be rarely getting a profit from em.


in buying bitcoin is indeed a pretty good choice, because bitcoin is good enough for long-term investment. if he has a few funds it would be good to make bitcoin as an investment savings but it must remain based on research foundation. without research and also the objectives, the investment will certainly be adrift following the market situation

R


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December 25, 2019, 07:37:16 PM
 #64

Congratulations on making such a very necessary decision on buying btc, i think it is a very good decision especially when making it towards long term investment, am sure in 5 years to come you will be very happy making this decision now.
the only challenge we have to face when holding Bitcoins are emotion and greediness cuz sometimes there is a time later that you have to decide to sell or to keep it. As example in 2017  and early 2018 where the price was really high that time and people seem to not sell it for some reasons that lead to big regret for most of the people so please sell when you can cuz you don't want that happen again on u.

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December 25, 2019, 07:53:23 PM
 #65

It's not a good time to buy bitcoin, don't let yourself be disappointed in bitcoin.
Wait a minute for the price to fall and all you have to bet is ready to lose, Caution!
And wait a long time, because it is like interest in a bank, it grows over time and not your work and effort.
And you will earn a profit if you are mentally strong.
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December 25, 2019, 08:00:12 PM
 #66

I do have a financial plan in place. I can use 5% of funds to buy stocks or cryptocurrency
Or whatever. Right now I’m good with bitcoin. This can be a 5- 10 year move I don’t need the money
For anything now. 
Here are the other coins I can buy
Ethereum
Bitcoin cash
Litecoin
EOS
Ripple

Good option if you will hold bitcoin for that long because you don't have to worry and spend that money you'll use to invest and as for altcoins, you just made a list of alts which can easily determine what coins you should buy. I'll eliminate the most and shall remain these altcoins that I think are good for me.
ETH
Litecoin



 

 

 

 

 

 


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December 25, 2019, 09:32:10 PM
 #67

I do have a financial plan in place. I can use 5% of funds to buy stocks or cryptocurrency
Or whatever. Right now I’m good with bitcoin. This can be a 5- 10 year move I don’t need the money
For anything now. 
Here are the other coins I can buy
Ethereum
Bitcoin cash
Litecoin
EOS
Ripple

Good option if you will hold bitcoin for that long because you don't have to worry and spend that money you'll use to invest and as for altcoins, you just made a list of alts which can easily determine what coins you should buy. I'll eliminate the most and shall remain these altcoins that I think are good for me.
ETH
Litecoin
As long as he only chooses the top coins then at least it is the right choice for a long-term holding plan, he can spend his money without thinking or considering a quick return and that is already a good first step and all that needs to be done next is to remain consistent and if need to buy more and add a bigger portfolio, maybe it will be good in the future too.

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December 25, 2019, 10:03:26 PM
 #68

Good option if you will hold bitcoin for that long because you don't have to worry and spend that money you'll use to invest and as for altcoins, you just made a list of alts which can easily determine what coins you should buy. I'll eliminate the most and shall remain these altcoins that I think are good for me.
ETH
Litecoin
As long as he only chooses the top coins then at least it is the right choice for a long-term holding plan, he can spend his money without thinking or considering a quick return and that is already a good first step and all that needs to be done next is to remain consistent and if need to buy more and add a bigger portfolio, maybe it will be good in the future too.
There are top coins that I don't have on my list and neither want to invest because I simply don't like them. This should be the other investors mindset that if they are about to choose, the money that they'll allocate to that investment is good for nothing within a long time and doesn't have the obligations to be spent. It's all up to OP's choice, we've given significant suggestions and he's even more knowledgeable than the other investors that are asking what kind of coin that they should buy with lesser risk.



 

 

 

 

 

 


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December 25, 2019, 11:39:38 PM
 #69

I recently purchased bitcoin, it was the most I have ever put into a cryptocurrency. 
This is going to be a long term buy, This was taken out of stock money,
Now that I have done this I feel more excited about
where bitcoin is headed than  I do about stocks. Now I feel like I should take more out of
Stocks, Feel there’s going to be more return this way. Thoughts on this am I getting carried away


You are doing the right thing. Just buy more bitcoin if you have more money and then wait for it to pump before you sell it. Hold it for long term and I am sure that it would be worth it and it would be great investment for the future. Add more bitcoin in your wallet .

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December 26, 2019, 03:36:33 AM
 #70

I recently purchased bitcoin, it was the most I have ever put into a cryptocurrency. 
This is going to be a long term buy, This was taken out of stock money,
Now that I have done this I feel more excited about
where bitcoin is headed than  I do about stocks. Now I feel like I should take more out of
Stocks, Feel there’s going to be more return this way. Thoughts on this am I getting carried away


You are doing the right thing. Just buy more bitcoin if you have more money and then wait for it to pump before you sell it. Hold it for long term and I am sure that it would be worth it and it would be great investment for the future. Add more bitcoin in your wallet .

Look at the price of Bitcoin in January 2019, it is worth $3.8k and  the price of Bitcoin now which is around $7.2k, so if you bought last January and you sell it today then you gain almost 90% which is very good thing despite the market condition, so always choose any ways for you to earn, it is just based on perfect timing and analysis.

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December 26, 2019, 04:10:39 AM
 #71

I recently purchased bitcoin, it was the most I have ever put into a cryptocurrency. 
This is going to be a long term buy, This was taken out of stock money,
Now that I have done this I feel more excited about
where bitcoin is headed than  I do about stocks. Now I feel like I should take more out of
Stocks, Feel there’s going to be more return this way. Thoughts on this am I getting carried away


You are doing the right thing. Just buy more bitcoin if you have more money and then wait for it to pump before you sell it. Hold it for long term and I am sure that it would be worth it and it would be great investment for the future. Add more bitcoin in your wallet .

Look at the price of Bitcoin in January 2019, it is worth $3.8k and  the price of Bitcoin now which is around $7.2k, so if you bought last January and you sell it today then you gain almost 90% which is very good thing despite the market condition, so always choose any ways for you to earn, it is just based on perfect timing and analysis.
But the thing is you do not know if it is the bottom of the price. There are people who lose money because they bought at the bottom where the price is really not at the bottom and it continue to go down. Identifying the bottom is really hard because you are never sure if there will be another dip or not. Counter trend strategy is really risky decision but the thing is you can successfully do it with prior knowledge and also good technical analysis skills.

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December 26, 2019, 04:27:56 AM
 #72

yes i think it was the right decision to take some stock to buy bitcoin. in my opinion investing bitcoin is more profitable than stocks. bitcoin price fluctuations can provide huge profits if we buy and sell bitcoin at the right time. and with bitcoin investments we can control our investment assets in full. in contrast to shares we cannot control our assets fully, shares are very dependent on the decisions and policies of the company that issued the shares.

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December 26, 2019, 04:35:50 AM
 #73

I recently purchased bitcoin, it was the most I have ever put into a cryptocurrency. 
This is going to be a long term buy, This was taken out of stock money,
Now that I have done this I feel more excited about
where bitcoin is headed than  I do about stocks. Now I feel like I should take more out of
Stocks, Feel there’s going to be more return this way. Thoughts on this am I getting carried away



your confidence in making a decision then, that's what you will produce. traders and investors expect the same thing about the price of Bitcoin. but still have to remember about risk management. where losses are things that could have happened and it's an absolute risk in the world of cryptocurrency.

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December 26, 2019, 06:33:17 AM
 #74

I recently purchased bitcoin, it was the most I have ever put into a cryptocurrency. 
This is going to be a long term buy, This was taken out of stock money,
Now that I have done this I feel more excited about
where bitcoin is headed than  I do about stocks. Now I feel like I should take more out of
Stocks, Feel there’s going to be more return this way. Thoughts on this am I getting carried away

Definitely you are getting carried away but I think it is good.  Just make sure you have that patience and strong hand to hodl until your target price is achieved.  Many people who are too enthusiastic towards BTC ends up being disappointed when the BTC price crashed.  You should be well aware that Bitcoin price goes up and down insanely in fast pace.

Holding bitcoin is not a certain thing. You should take a risk before you gain profits out of it. It's good to buy bitcoin in this season where bitcoin is in a downward price, but we're not sure when will it's price will grow again.

Just manipulate your emotion because failure may come and always check the market to know when to sell what you store

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December 26, 2019, 06:34:04 AM
 #75

Actually, this is not just you, but I am also thinking of trying to collect large amounts of bitcoin. I don't know the extent to which I can collect it, it's just that I also feel that there will be a big return ahead.
for now, utilizing anything to be able to own bitcoin is a matter of priority. I also collect altcoin, but for now, I focus on bitcoin.


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December 26, 2019, 08:41:06 AM
 #76

Actually, this is not just you, but I am also thinking of trying to collect large amounts of bitcoin. I don't know the extent to which I can collect it, it's just that I also feel that there will be a big return ahead.
for now, utilizing anything to be able to own bitcoin is a matter of priority. I also collect altcoin, but for now, I focus on bitcoin.

Basically with all the future promises and speculation, there's really an extent that we might be influenced to buy and accumulate large volume of bitcoin and cryptocurrency. But this is in fact true, the race today is to have more bitcoin because of the halving that will happen in the next year. With that, for people who are saying accumulate only a certain amounts of bitcoin, then maybe we should ignore it and try get the best out of the market. Accumulate as much as we can and feast as much as can when times comes our speculation becomes true. Of course we will not sell in price not worth our investment.
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December 26, 2019, 08:53:13 AM
 #77

I think in terms of buying Bitcoin, there’s never a upper limit amount to buy. therefore don't think of it as an investment. It's a gamble, pure and simple. However, I will leave you with this fact. only 21M bitcoin will ever exist. approximately 3M-5M of that 21M bitcoin has been irrevocably lost, and block rewards are halved every 4 years and therefore bitcoins gain scarcity exponentially. if all bitcoin were in circulation and every human had an equal amount, that would equate to roughly 0.003 BTC. that is a good metric of wealth within the Bitcoin economy. thereby, just think about them and say why you should be careful about Buying bitcoin?
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December 26, 2019, 08:57:05 AM
 #78

I recently purchased bitcoin, it was the most I have ever put into a cryptocurrency. 
This is going to be a long term buy, This was taken out of stock money,
Now that I have done this I feel more excited about
where bitcoin is headed than  I do about stocks. Now I feel like I should take more out of
Stocks, Feel there’s going to be more return this way. Thoughts on this am I getting carried away


since we are in lowest price now,i think what you are doing is perfect and in timing,imagine that we are heading halving season and you decide to buy Bitcoin at this moment.

so Go take more amount from stocks and transfer here in crypto,but try to consider buying altcoins as well maybe those in top 1-10 is safer to make good bucks next year since you have mentioned that this is for holding.
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December 26, 2019, 09:39:27 AM
 #79

I recently purchased bitcoin, it was the most I have ever put into a cryptocurrency. 
This is going to be a long term buy, This was taken out of stock money,
Now that I have done this I feel more excited about
where bitcoin is headed than  I do about stocks. Now I feel like I should take more out of
Stocks, Feel there’s going to be more return this way. Thoughts on this am I getting carried away
What are you doing right now is good, as a newbie member in this forum I am gladly to see that even though a newbie has the urge to buy and risk on bitcoin which is a good thing to do.
If you have the urge to buy many bitcoins or if you have the big budget to invest on it then it is really good, all of us are excited what would be happen on our risking in bitcoin, I am just suggesting that don't panic if something happens on the price of bitcoin if it dumps so hard because it is normal that sometimes bitcoin dump. Keep buying bitcoin if it dumps so that when it pump up again you will gain profit on it, don't be carried away by your feelings that you will have a huge losses if that happens, just wait the good opportunity on when you will sell your bitcoins in the future. Good luck to all of us young fella.



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December 26, 2019, 09:43:52 AM
 #80

It is still not too late for you to invest in this market, especially investing in Bitcoin. You can buy now and set a long-term goal, in the future I am sure the price of bitcoin will be many times higher than the current price. And the most important thing is how much patience you have to be able to expect profits from this market

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