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wheelz1200
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January 16, 2020, 05:51:59 PM
 #41

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?

Dont try timing the market.  Buy as much as you can comfortably afford with the money you have and then go from there.  My recomendation from here and anyone is to incrementally buy week by week or month by month.  This protects you from sudden dips so you can cost average lower but at the same time be able to catch some of the rising prices with coin you already have bought. 

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BigBos
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January 17, 2020, 05:34:38 AM
 #42

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?

Dont try timing the market.  Buy as much as you can comfortably afford with the money you have and then go from there.  My recomendation from here and anyone is to incrementally buy week by week or month by month.  This protects you from sudden dips so you can cost average lower but at the same time be able to catch some of the rising prices with coin you already have bought. 
when market conditions like this, quite a lot of people who want to return to buy bitcoin and regret having sold it at a low price. to be honest, I agree with your opinion. do not rush to assess this. if you want to have bitcoin back, think carefully about the benefits, so you don't regret it. other than that, buy according to your needs, and don't overdo it.
You will regret when you put it in 1 basket, but things suddenly turn out to be a boomerang for you
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January 17, 2020, 06:10:27 AM
 #43

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?
No one can give you fixed prediction about bitcoin. Maybe what we people can say is bitcoin will get halving and big possibility it can pumped like in last pump. But there are possibility halving not change anything and maybe people who dissapointed with it can sell bitcoin and make it dumped hard. Do your own research and people's research here and you can make decision from it.

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January 17, 2020, 09:56:11 AM
 #44

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?

Dont try timing the market.  Buy as much as you can comfortably afford with the money you have and then go from there.  My recomendation from here and anyone is to incrementally buy week by week or month by month.  This protects you from sudden dips so you can cost average lower but at the same time be able to catch some of the rising prices with coin you already have bought. 
when market conditions like this, quite a lot of people who want to return to buy bitcoin and regret having sold it at a low price. to be honest, I agree with your opinion. do not rush to assess this. if you want to have bitcoin back, think carefully about the benefits, so you don't regret it. other than that, buy according to your needs, and don't overdo it.
You will regret when you put it in 1 basket, but things suddenly turn out to be a boomerang for you

If you've learned to manage your funds and don't risk it on just one blow, you won't do that because there's no assurance for the market to stay on the current level. While the price was at lower costs, then buying time must be initiated and accumulation of btc holdings must be observed better. You can eventually grow your asset when perfect target is reached so you can sell when high price is acquired.

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Shinpako09
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January 17, 2020, 11:21:38 AM
 #45

Buy now but I suggest just used $3k and reserve the $1k for emergency purposes. Even if the price goes down again, you still have money left to use and won't force yourself to sell at a lower price. You're not late yet if you were going to buy right now as we haven't reach a 5-digit price yet. It's either you take a risk or regret. If you will take a risk, you won't lose any as long you won't sell it at a lower price, all you need to do is wait for increase. The best time to buy btc is before a possible bull run.
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January 17, 2020, 12:01:15 PM
 #46

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.
You should do that and know the situation that you're dealing with. Don't commit into investment if you're at debt too although, it's a risk and reward mindset that you have there but be at the better place first.

If you have an amount freely and ready to invest and it won't affect you paying the loan, do it. I think you are aware of what you're doing and you're aware of the risk in bitcoin and what you're taking.

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January 17, 2020, 12:22:28 PM
 #47

Buy now but I suggest just used $3k and reserve the $1k for emergency purposes. Even if the price goes down again, you still have money left to use and won't force yourself to sell at a lower price. You're not late yet if you were going to buy right now as we haven't reach a 5-digit price yet. It's either you take a risk or regret. If you will take a risk, you won't lose any as long you won't sell it at a lower price, all you need to do is wait for increase. The best time to buy btc is before a possible bull run.
Agree with you on this strategy, this is a way to help us not to dump or sell when prices are falling because of emergencies in our lives. Always saving some money to solve those problems, OP didn't follow this strategy and now he has lost the opportunity to make a profit with bitcoin. But things are still not too late, now we can start buying and holding because the halving is still very far away

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January 17, 2020, 12:57:04 PM
 #48

I don't have bitcoin in my wallet and holding only several altcoin but really hope with bitcoin could back with higher price above $15,000 to make altcoin can allow how bitcoin price raise up, I think without bitcoin goes higher price impossible altcoin can raise with higher price how the same moment last 2017 and take much profit with our altcoin investment.

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January 17, 2020, 02:08:21 PM
 #49

It is still save to invest in bitcoin now because it is still relatively cheap as it is still in the region below 10,000. The halving expectation is one of the factors that will rise price and this is the best time you can reinvest.
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January 17, 2020, 02:17:52 PM
 #50

It is still save to invest in bitcoin now because it is still relatively cheap as it is still in the region below 10,000. The halving expectation is one of the factors that will rise price and this is the best time you can reinvest.

But it is better if he can find a low price so he can get more bitcoin. I suggest he not use all of the money he has but only uses some money, maybe half of the total money he has, so he has the other money as a reserve. But if he can accept the volatility of bitcoin price, then I guess that he can buy with all of his money, and hold it for a while. We hope that when the halving time comes, the price can increase higher, and maybe the price will reach $20k again.

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January 17, 2020, 02:22:48 PM
 #51

If those $4000 is total amount of your current money then it could be risky to go all in for buy bitcoin and i think use only 25% from $4000 to buy bitcoin is pretty safe but i have to says to get cheap price of bitcoin currently a bit late because the rally has begun and in my view the best opportunity to get cheap bitcoin is last year so those who already buying bitcoin on last year will have decent profit if they sell bitcoin at the current price

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TheGreatPython
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January 17, 2020, 02:36:47 PM
 #52

Bitcoin is really doing good these days. I have seen a lot of predictions and they have all failed, though Dave on Twitter said there’s going to be an increase and he stated reasons, but there are other experts that have claimed he’s wrong so I can’t really tell where we are heading to. Based on what we have experienced in the past years, I guess there is going to be another bull run after the halving.

I am not having high expectations on Bitcoin because I know that anything can happen and we can be disappointed, so I always mind how much I’m investing.

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perla
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January 17, 2020, 02:59:35 PM
 #53

It is still save to invest in bitcoin now because it is still relatively cheap as it is still in the region below 10,000. The halving expectation is one of the factors that will rise price and this is the best time you can reinvest.

But it is better if he can find a low price so he can get more bitcoin. I suggest he not use all of the money he has but only uses some money, maybe half of the total money he has, so he has the other money as a reserve. But if he can accept the volatility of bitcoin price, then I guess that he can buy with all of his money, and hold it for a while. We hope that when the halving time comes, the price can increase higher, and maybe the price will reach $20k again.
I will agree with you when you said OP use half amount of his total money. Because with him reserve it, he can use the rest to something that maybe urgent or can be back up if his investment be not good anymore. Since i heard OP said that withdrew like a month and half ago on coinbase to pay some college loans, i think he must have spare money for that thing again.

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nickenburg
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January 17, 2020, 03:14:40 PM
 #54

Dont invest what you cant miss, If u want to buy Crypto but have to withdraw it for fiat later I think it is not a very smart investment.
Most people say buy 80% in Bitcoin and 20% in Altcoins, But I am more of a risktaker and buy a bigger % in Altcoins.

At the moment it is rising again and I would wait till the market is falling down a bit again and start buying where you think the lowest price will be.
Definitely do some research in to Altcoins and Buy Bitcoin and Altcoins that would be my strategy.
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January 17, 2020, 03:34:30 PM
 #55

Just spend 70-80% of the money you have and invest in this market. and the remaining 20% you can afford to pay for life if there is a job to handle. I also went through your case, invested all the money I had in the market and then I had to sell them at the bottom to pay for the hospital fees. It was a first lesson when I entered this market, never spend all the money you have to buy something or invest in something

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barota
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January 17, 2020, 03:43:49 PM
 #56

prices bitcoin can rise to level 10000 usd if bitcoin rise and stable above 9000 usd , because i think there is some small order sell in that support , i hope everyone hold and start buying again if some traders sold at this prices before and the end of bear market will end soon ; this is a good chance for buying under 10000 usd per btc
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January 17, 2020, 04:31:58 PM
 #57

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?
What strategies do you want? If you still have a problem with your school financially, I suggest don't use your money in the bank to invest because you might regret it if you fail. Especially now, you don't seem to understand your investment fully. But if you want to risk, be sure to yourself that you are ready when it fails or if you do have some knowledge about of investment and trading go invest and trade at your own risk.

3996
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January 19, 2020, 01:48:58 AM
 #58

Great, now its above $9,000 and I have to wait for my deposit to go through Angry
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January 19, 2020, 03:44:57 AM
 #59

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?
What strategies do you want? If you still have a problem with your school financially, I suggest don't use your money in the bank to invest because you might regret it if you fail. Especially now, you don't seem to understand your investment fully. But if you want to risk, be sure to yourself that you are ready when it fails or if you do have some knowledge about of investment and trading go invest and trade at your own risk.
Well, if he still needs money, I don't think changing it to crypto would be better. We say that because the crypto world is very risky, so there is no guarantee that you can still have $ 4000. however, you have the right to invest in anything, but think carefully. if you are impatient, you should not invest in crypto.
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January 19, 2020, 09:21:41 AM
 #60

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?
If you want to go invest it in bitcoin because i know you have knowledge on it you know how to deal in bitcoin. So much better to invest your money in bitcoin then hold it for a long time you must have more patience so that you will gain a good profit. Strategy is in your hand and your decision not ours you must believe in your own strategy than other.
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