Bitcoin Price

[stskv]

I had a bitcoin but withdrew like a month and half ago on coinbase to pay some college loans especially since the value kept dropping.  Obviously not the case now, I have $4,000 in the bank, what can I do now to make the best of bitcoin or can you give me strategies as it starts rising again?

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[CryptoBry]

You can buy some Bitcoin now if you are really a risk-taker or if you think that days from now Bitcoin will still be growing, maybe trudging the way to the $10,000 hill zone. In addition, since many alts are also moving, you can select some 5 good alts where to invest your money and encash them whenever you already realized a handsome profit. As you might already know, investing with cryptocurrency can be carrying some risks so always be informed and do your own diligence and at the end don't be shocked if you lose some money or better yet made some good ROI.

[bL4nkcode]

Separate your money for living and investment, if that 4k is for investing then, you can buy BTC now try to buy for lower price, and don't think of spending it, try to hodl at least 6-8 months from now, hodl is the best way for investment in BTC. Though there's someone who will tell you to trade, sure, if you know what's the success way of trading then do it, but if not, then hold is the recommeded choice.

Just to make sure that you use a secured device for hodling the BTC you have, at least desktop wallet such electrum in safe and malware-free desktop or a hardware wallet such ledger and trezor.

[joinfree]

It's a big pain in the butt when the price o bitcoin increases as soon as you sell your portion of it but in your case i think you still have the opportunity to buysome and hold it as bitcoin halving approaches. Bitcoin price is likely to double with the halving approaching so it's going to be a good plan to earn some profits in this regard.

[mk4]

As much as how bullish I am on bitcoin, bitcoin is still a risky and speculative asset. If you're willing to invest in bitcoin, only put in the money that you're not going to need any time soon. Because if bitcoin drops in price and at the same time you suddenly need to sell some of the bitcoin for you to have money to spend on something important, you're screwed. Only you can answer your question. We don't know how much your income and how much your daily/monthly spending is.

[jossiel]

How much is your balance for the loan? I'd advise you to pay that first so that you are free to do or spend that money in whatever and whenever you want. But if that's not easy and not the way that I think. If you have a spare money with your savings and that entire $4,000 is, wait a bit until the price decreases for the while.

But as much as possible be debt free first so that the experience you had before won't happen and if you have to pay for the loan and the price of bitcoin drops, you won't be feeling sorry for selling it.

[Kupid002]

I had a bitcoin but withdrew like a month and half ago on coinbase to pay some college loans especially since the value kept dropping.  Obviously not the case now, I have $4,000 in the bank, what can I do now to make the best of bitcoin or can you give me strategies as it starts rising again?

the problem is what if you just need to use that money  you invested in BTC and time you need the money the price drop are you prepare to use that money even you are at lost? If you look at secure way you can just stay it in your bank. If you want to invest to bitcoin and aware that you may lose then you can buy now.

[amacar2]

I had a bitcoin but withdrew like a month and half ago on coinbase to pay some college loans especially since the value kept dropping.  Obviously not the case now, I have $4,000 in the bank, what can I do now to make the best of bitcoin or can you give me strategies as it starts rising again?

May be the price is little bit pumped right now specially today a jump of around 10% so if price will go down by same % by tomorrow you might loss 400 bucks. But market can go opposite so its better you make your own decision. Only invest what you can loss.

For me its better to wait a week or so, place buy order around 8000$

[stskv]

How much is your balance for the loan? I'd advise you to pay that first so that you are free to do or spend that money in whatever and whenever you want. But if that's not easy and not the way that I think. If you have a spare money with your savings and that entire $4,000 is, wait a bit until the price decreases for the while.

But as much as possible be debt free first so that the experience you had before won't happen and if you have to pay for the loan and the price of bitcoin drops, you won't be feeling sorry for selling it.

It's a student loan a little above $17,000 and I pay $189/month or ready.  I'm afraid the price won't decrease for a long time or how about if it never does again to $7,000.  Wirhdrawing was a risk in itself and a mistake, I plan to wait after investing again.

[stskv]

Separate your money for living and investment, if that 4k is for investing then, you can buy BTC now try to buy for lower price, and don't think of spending it, try to hodl at least 6-8 months from now, hodl is the best way for investment in BTC. Though there's someone who will tell you to trade, sure, if you know what's the success way of trading then do it, but if not, then hold is the recommeded choice.

Just to make sure that you use a secured device for hodling the BTC you have, at least desktop wallet such electrum in safe and malware-free desktop or a hardware wallet such ledger and trezor.

I plan to hold on to it from now on amd 4k is for investment.  What's the difference between purchasing bitcoin on the coinbase app like I did and making a buy order on coinbase pro???

[pawanjain]

I had a bitcoin but withdrew like a month and half ago on coinbase to pay some college loans especially since the value kept dropping.  Obviously not the case now, I have $4,000 in the bank, what can I do now to make the best of bitcoin or can you give me strategies as it starts rising again?

I can understand how mesmerizing it must be for you right now to buy bitcoin since the price has started increasing again.
But you know what, we don't know if the price would further keep rising or it will decline soon.
For me. most of the times when I invested when the price started to rise, it had a fall in price soon after I invested.
So I would recommend you not to go all in and just invest a small % of your amount and wait for the market to react.

[stskv]

You can buy some Bitcoin now if you are really a risk-taker or if you think that days from now Bitcoin will still be growing, maybe trudging the way to the $10,000 hill zone. In addition, since many alts are also moving, you can select some 5 good alts where to invest your money and encash them whenever you already realized a handsome profit. As you might already know, investing with cryptocurrency can be carrying some risks so always be informed and do your own diligence and at the end don't be shocked if you lose some money or better yet made some good ROI.

Can you give me an example of a couple of altcoins?

[pakhitheboss]

I had a bitcoin but withdrew like a month and half ago on coinbase to pay some college loans especially since the value kept dropping.  Obviously not the case now, I have $4,000 in the bank, what can I do now to make the best of bitcoin or can you give me strategies as it starts rising again?

Calculate what you need and what you can spare from the total that you have in your Bank. After calculating invest half from the amount that you can spare into Bitcoin this month and the rest next month. Wait till April and then sell.

Do not invest in any altcoins.

[mk4]

You can buy some Bitcoin now if you are really a risk-taker or if you think that days from now Bitcoin will still be growing, maybe trudging the way to the $10,000 hill zone. In addition, since many alts are also moving, you can select some 5 good alts where to invest your money and encash them whenever you already realized a handsome profit. As you might already know, investing with cryptocurrency can be carrying some risks so always be informed and do your own diligence and at the end don't be shocked if you lose some money or better yet made some good ROI.

Can you give me an example of a couple of altcoins?

First off:

1. 99% of altcoins are bad investments, and not to mention that you'd have to time the markets really well to profit off it.
2. Don't invest in things you don't understand. So if you'd need to ask which altcoins to invest in, then I'd suggest you don't go for it.

I'm sure this isn't the reply you want to see, but someone just has to say it.

[freedomgo]

50% for bitcoin and 50% for altcoins, if the market will be again bullish, for sure your money will grow.
Look at today's market, bitcoin only increase 10% but the altcoins are already pumping, bsv, bch, and even dash, so just try to study which altcoins are good for investment because if they are legit, they will benefit in the bull run.

[Wintersoldier]

I had a bitcoin but withdrew like a month and half ago on coinbase to pay some college loans especially since the value kept dropping.  Obviously not the case now, I have $4,000 in the bank, what can I do now to make the best of bitcoin or can you give me strategies as it starts rising again?

I probably consider you are late to ask for this time on which best way you could make your profit out of your $4000 dollar fund. Because in the past weeks, bitcoin is still at $7k price range which is quite acceptable to entry, but eith the market showing more potentiL increase, bitcoin might now be crucial to buy.

But if we could see some stable price range at 8-9k, probably the best way for you is to invest in bitcoin.

[MURONDI]

you should do research before trading bitcoin, learn to understand and analyze the market so that you don't regret it later on, You must have confidence and do not be easily influenced by the opinions of others, bitcoin trading is something that is very risky, so be wise in investing your funds.

[smartbitcoininvestor]

I wouldn't buy bitcoin now. I would wait until the price is low and then buy.

As Warren Buffet says, the mark of a good investment is the quality of the business itself. In this regard the price that you buy the stock at is only important if you are overpaying. Thus, it is best to buy bitcoin when the price is low.

[maydna]

Before you invest your money in bitcoin, you should think that the money is not going to be used for your daily needs or to pay for your study, and that money is free to use. If the answer is yes, you can use half of that amount, which is $2000 to invest in bitcoin or use only $1000, but you don't have just to hold, but you can use it to trade to increase your bitcoin and fiat money. But that is only if you have skills in trading, but if you don't have skills in trading, you can just buy bitcoin and hold it in your wallet.

Before you buy bitcoin, make sure that you can buy bitcoin at a low price, and I think soon, bitcoin price will go down for a while to adjust the price before the price can increase higher again. Never use all of your money to invest in bitcoin, although you believe that bitcoin price will rise so high because that will be too risky for you. Besides that, you never know when bitcoin price can increase or decrease and how far bitcoin price will move, so it is better to play safe.

[bL4nkcode]

What's the difference between purchasing bitcoin on the coinbase app like I did and making a buy order on coinbase pro???

As what I read (since I never bought bitcoin and use coinbase yet), buying in coinbase pro is surely much cheaper than on coinbase.