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peter0425

sr. member

Activity: 2618

Merit: 439

Quote from: ekoice on October 06, 2017, 06:43:39 AM

Quote from: ZBTCoin on August 12, 2017, 12:19:33 PM

I asked my friend if he was going to buy bitcoin when it was 800. He said it was too expensive and he would wait for a dip.

at $1200 he said the same thing.
at $2400 he said the same thing.
at $3400 he said the same thing.

Now its about to break 4,000. I asked him if he was going to buy some bitcoin today. Guess what he said?

Some people like your friend never come forward to take even small risks.Without taking risks,nothing could be achieved.But it should not be a blind risk and it should be a calculated risk.I think that your friend still would not buy even when bitcoin price becomes $10,000.Atleast,he should have learnt a lesson on analyzing the previous price history of bitcoin.

There are really people who are not risk takers. And maybe your his friend didn't know a single thing what is investment and how bitcoin works in order to gain profit. And you will see that numerous thread been open asking what is the best buying point, but never did actually get bitcoin when the price is already discounted and still waiting for the price to still go down.

That's why we always tell's them that there are no good buying point. If you are here for the long haul then you really need to invest on it without waiting for any dips. Unfortunately, most of them feared and really don't get how the systems works. That is why they are all talk without making any actual moved to really get it when the price is too low.

ekoice

hero member

Activity: 742

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Quote from: ZBTCoin on August 12, 2017, 12:19:33 PM

I asked my friend if he was going to buy bitcoin when it was 800. He said it was too expensive and he would wait for a dip.

at $1200 he said the same thing.
at $2400 he said the same thing.
at $3400 he said the same thing.

Now its about to break 4,000. I asked him if he was going to buy some bitcoin today. Guess what he said?

Some people like your friend never come forward to take even small risks.Without taking risks,nothing could be achieved.But it should not be a blind risk and it should be a calculated risk.I think that your friend still would not buy even when bitcoin price becomes $10,000.Atleast,he should have learnt a lesson on analyzing the previous price history of bitcoin.

noninum

sr. member

Activity: 505

Merit: 250

They just wait for the air to stop, and they will not do anything. Little action will make things look more clear. And it became clear that they had missed the train. Buying at current prices isn't a bad thing. Because remember, our goal invest in bitcoin not for a day or two. But for long term.

Herbert2020

legendary

Activity: 1946

Merit: 1137

Quote from: Pab on September 18, 2017, 05:47:37 PM

Thay maybe follow fud what is saying bitcoi will drop to 1000$,but if we look history we can see that one year ago btc went from 550$ to 300$ now it is diffrent,China will not ban crypto even thay will current market oes not depend from China.China is big player but one of many now

the FUD obviously always says a dumb number as its bottom. the purpose of a FUD is not to guide you but it is to scare you so they say $1000, $2000, etc. it is the same as before when $2400 was the all time high and a correction was on the way. the FUD kept repeating that $700 is on the way and price never went to $1xxx range even!

Armstand

hero member

Activity: 626

Merit: 500

Quote from: Pab on September 18, 2017, 05:47:37 PM

Thay maybe follow fud what is saying bitcoi will drop to 1000$,but if we look history we can see that one year ago btc went from 550$ to 300$ now it is diffrent,China will not ban crypto even thay will current market oes not depend from China.China is big player but one of many now

For now it's the ICO and exchanges they ban so they are still capable of holding btc and acquiring some crypto for holding only since there will be no use of it for them in the mean time. We all wait to make the best decision depending on it's status of dump or pump.

Pab

legendary

Activity: 1862

Merit: 1012

Thay maybe follow fud what is saying bitcoi will drop to 1000$,but if we look history we can see that one year ago btc went from 550$ to 300$ now it is diffrent,China will not ban crypto even thay will current market oes not depend from China.China is big player but one of many now

949miner

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Activity: 448

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Stake & Vote or Become a IoTeX Delegate!

That is because people still want to buy bitcoin cheaper than it was before. I bought some bitcoin at $3500 yesterday, and now i can say that i bought it cheaper than now, because i am taking a profit of 4%-5% of that buy. It always depends, i have a friend that is always saying that he will buy bitcoin when it goes back to $1000 again. but i dont think that is gonna happen in the future.

BitHodler

legendary

Activity: 1526

Merit: 1179

Quote from: Opekin on September 18, 2017, 06:04:11 AM

Its common "Price is too high i will wait for it to dump" when it dumps i will wait more its high until the price goes up and have a new price range. Its a cycle for most of the people i have a friends also waiting for that and keep always on saying its high price.

These people don't understand this market, and don't understand how much potential Bitcoin has in the long term. Back in the days when we were hovering around the $500 level, it was seen as high.

At that moment the market may have been overbought, but that didn't hinder me from buying even more since my goal is to hold everything for the very long term ~ that's how it should be.

Seriously, at current levels, if you plan to invest for the long term, how much difference does it make to wait for the price to fall down a few hundred bucks? Current levels are nothing more than peanuts if we look at the bigger picture.

In other words, just buy at current levels and have a decent bit of fiat aside for when the price falls down, very simple.

allohha

full member

Activity: 672

Merit: 176

Quote from: Opekin on September 18, 2017, 06:04:11 AM

Quote from: ZBTCoin on August 12, 2017, 12:19:33 PM

I asked my friend if he was going to buy bitcoin when it was 800. He said it was too expensive and he would wait for a dip.

at $1200 he said the same thing.
at $2400 he said the same thing.
at $3400 he said the same thing.

Now its about to break 4,000. I asked him if he was going to buy some bitcoin today. Guess what he said?

Its common "Price is too high i will wait for it to dump" when it dumps i will wait more its high until the price goes up and have a new price range. Its a cycle for most of the people i have a friends also waiting for that and keep always on saying its high price.

The fact is that these fluctuations in the price of Bitcoin give an opportunity not only to earn, but also to attract new investors. Whether this situation attracts more and more users, then the popularization of Bitcoin is solved by a good scale.

Opekin

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Activity: 396

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Quote from: ZBTCoin on August 12, 2017, 12:19:33 PM

I asked my friend if he was going to buy bitcoin when it was 800. He said it was too expensive and he would wait for a dip.

at $1200 he said the same thing.
at $2400 he said the same thing.
at $3400 he said the same thing.

Now its about to break 4,000. I asked him if he was going to buy some bitcoin today. Guess what he said?

Its common "Price is too high i will wait for it to dump" when it dumps i will wait more its high until the price goes up and have a new price range. Its a cycle for most of the people i have a friends also waiting for that and keep always on saying its high price.

Teemotje

member

Activity: 98

Merit: 10

Because it is very cheap when bitcoin crashes i thought of buying bitcoin when it was:

$1200
$1700
$2300

but i never did because it seemed too much money and now it is at a price of $4000 so i regret my choice right now.

hatshepsut93

legendary

Activity: 3024

Merit: 2148

Buying the dip is sure a very smart strategy, but dips happen for many reasons and its important to distinguiqsh them. For example, the recent dip to around $2,800 was caused by overspeculation and panic in reaction to China news - so in order to buy this dip, one should have predicted these news and buy at a very short window, since the price rebounded in the next day. Then there are other types of dips - caused by pure speculation on the price, like the recent drop from $5,000 to $4,500 - they are more common, but you have to wait for them for a long time and risk to miss out on opportunity. There's also a third scenario - something catastrophic happens and Bitcoin will crash to the ground. This is extremely unlikely and no one will be able to tell when is the bottom. So, in general, buying dips is extremely hard, and you need some luck to catch them, so for less experienced people it's better to just buy and hodl for years and not worry about the price.

que91

full member

Activity: 406

Merit: 100

Quote from: SMSabuj on September 15, 2017, 12:50:03 PM

Quote from: ZBTCoin on August 12, 2017, 12:19:33 PM

I asked my friend if he was going to buy bitcoin when it was 800. He said it was too expensive and he would wait for a dip.

at $1200 he said the same thing.
at $2400 he said the same thing.
at $3400 he said the same thing.

Now it's about to break 4,000. I asked him if he was going to buy some bitcoin today. Guess what he said?

Ha ha. LOL Cool

He can not buy a single satoshi of Bitcoin ever. He will just wait and wait. But Bitcoin won't dump as his wants. Now Bitcoin is dumping. You can tell him to buy Bitcoin now. It will pump soon. So it's the time to buy Bitcoin.

But I really doubt the scenario of whales on the market in this year. Do you remember event Mt.Gox exchange offline down make the price of Bitcoin crashed from $1,300 to ~$1xx? Yeah, and in someday, after they created a strong faith on the market, they will repeat this scenario! Cool

RoommateAgreement

hero member

Activity: 770

Merit: 500

Bazinga!

reading these couple of lines in OP seems like reading my lifetime experience specially on this forum with all its newbie member topics. each time the price rises they call it "too expensive" and the worst thing is that they call a bottom and say with absolute certainty that they will buy at that price. and what do you know, that price actually happens but they won't buy because now they are reading the FUD and thing a lower price is also possible.
long story short price recovers back up and they are still waiting the long wait because now they have missed their target and are depressed!

i always warn people to make sure to "buy the dip" but so little ever listen.

SMSabuj

sr. member

Activity: 602

Merit: 251

I am a professional Web Designer and Developer

Quote from: ZBTCoin on August 12, 2017, 12:19:33 PM

I asked my friend if he was going to buy bitcoin when it was 800. He said it was too expensive and he would wait for a dip.

at $1200 he said the same thing.
at $2400 he said the same thing.
at $3400 he said the same thing.

Now it's about to break 4,000. I asked him if he was going to buy some bitcoin today. Guess what he said?

Ha ha. LOL Cool

He can not buy a single satoshi of Bitcoin ever. He will just wait and wait. But Bitcoin won't dump as his wants. Now Bitcoin is dumping. You can tell him to buy Bitcoin now. It will pump soon. So it's the time to buy Bitcoin.

Kprawn

legendary

Activity: 1904

Merit: 1074

Quote from: machinek20 on August 14, 2017, 06:53:29 AM

If you got money that you want to invest dont wait again to buy bitcoin, if you keep on waiting you will miss the chance to become rich, look at the price, a week ago it is still 3500$ now it is passed 4000$, if you wait again you will miss another train

I am the "forever optimist" but I think people should be cautious to buy in at the peak of a "spike" .... The price history tells

us that the "spike" will only last for a few days and then people starts to dump to take profits. If you are clever, you will time

the buying on the start of a bull run and not at the upper end of the curve. This time, it might be a little different.. because

adoption in Japan is driving the price increase... but you never know what might happen. Huh

Shinpako09

legendary

Activity: 2058

Merit: 1015

He said the same thing again, right? Does your friend holding any amount of btc or not? If he is not holding any amount and he keeps on saying that. Don't bother to say it again next time man, you're just wasting your time because obviously he is not interested. He was the one who lost an oppurtunity, not you.

machinek20

hero member

Activity: 840

Merit: 501

If you got money that you want to invest dont wait again to buy bitcoin, if you keep on waiting you will miss the chance to become rich, look at the price, a week ago it is still 3500$ now it is passed 4000$, if you wait again you will miss another train

ibuddy122505

sr. member

Activity: 1066

Merit: 261

I've seen nothing wrong to buy some this time. who cares that BitCoin is going to the moon, in coming future, it will be more expanded. This is part of the market ups and downs. I hardly believe that never make any decision due to fear of the market speculations. Try to be a leader, not to a follower.

Soros Shorts

donator

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Quote from: The Sceptical Chymist on August 13, 2017, 09:26:31 PM

Duh, because it's at its all time high.

In a trending market, as opposed to a market that is in a trading range, buying in at an all time high is a statistically safe strategy. The problem is that for most people it is difficult to tell when the market is in a trending mode until it is already almost over.

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