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timerland

hero member

Activity: 1526

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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?

Well he could have definitely bought in between those pumps. There were a lot of dips in between pumps that could have definitely been taken advantage of, instead of just blindly buying in at every single moment with every single cent that you own.

At the time of my post it's already broken $4k and stayed up there for a day.

Honestly, i would not buy now and i would agree with your friend on this occasion, wait for the crash and the panic, and buy then.

But it's up to you honestly. I personally think this pump isn't going to be over either, until at least the end of the month. If you feel comfortable buying in now then go ahead.

Denker

legendary

Activity: 1442

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It's probably people are not used to these crazy price increases in such a short time.
Bitcoin is having huge potential and the people participating right now know this, because they understand the technology!And that we are still pretty early in the game. So NOW is the time to get in you're right.
But people who have no clue what Bitcoin is about often compare it with stocks or other investment vehicles. And that is the big mistak they are making.
Bitcoin and crypto currencies is a completely new phenomenon. You can compare that with traditional markets.
This is a new asset class! And now is the time to take advantage of it. Maybe we are close to hit the exponential phase of s-curve adoption. If that should be the case we will move up to 10k+ in no time.

But I can understand people in a way when they checked the long time chart as Bitcoin tends to crash after big moves. But history doesn't always repeat. And if you plan to enter Bitcoin for long, 5-10 years at least, it shouldn't really matter to buy now imo.

djuvantebit

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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?

Same thing Cheesy

BTC curve for now is still linear and anybody that misses the dips to get on board only will have to pay more later

Pursuer

legendary

Activity: 1638

Merit: 1163

Where is my ring of blades...

from what I have seen all these years, people who are waiting for the "crash" to buy bitcoin, will never buy it. they wait and wait and the crash they have in mind never happens. and the funnier part is that if someday that crash happens out of nowhere they will still not buy! because they are scared and greedy and wait for a lower price and a bigger crash, and you know during crashes there is always FUD which makes people more on edge.

Mpamaegbu

legendary

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Once a man, twice a child!

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?

Lol.. I guess he said he would also buy at a dip. That's the altitude of people who live in regrets. You and I know that Bitcoin isn't going back to $1000 again, except there is going to be a to total eclipse of the crypto world. Yes, many people are still in this altitude.

The Sceptical Chymist

legendary

Activity: 3500

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Top Crypto Casino

Duh, because it's at its all time high. That's normal, plus there's no way to tell where we're going from here. Lots of people bought at the high in 2013 and got burned. Of course if they'd held on to that bitcoin they'd be in the black, but no one here has got a functioning crystal ball.

ethereumhunter

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Activity: 2912

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Leading Crypto Sports Betting & Casino Platform

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?

i think he will said the same like before and not trying to buy any bitcoin. i have my friend that said like that but i fortunately, i don't listen what he said, i'd rather to listen to my feeling which say i can buy after the price is break down for a while so i can buy with the lower price although the price now is up to $4xxx.

oegarod

sr. member

Activity: 602

Merit: 252

That's common thinking of majority of the users. Everyone has the same thought process of buying low and selling high. For the same, people who cannot afford it presently expect for a price crash, so that can earn a profit by the days in a short or longer.

asriloni

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Leading Crypto Sports Betting & Casino Platform

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?

I guess he said the same thing. but shit coin will be better for your friend, because the bitcoin's dip can't be considered by the exact number to define the number already become the dip for bitcoin. Your friend gives a nice joke for me. Cheesy

Cocotier

newbie

Activity: 7

Merit: 0

Some people are stupid, really. I sold to one guy 100€ worth of bitcoins, and later in the day he called me a thief, and wanted his money back. Screw him, now he lost a great opportunity to earn some money. He is so stupid, he will never have much in his life...

hatshepsut93

legendary

Activity: 3024

Merit: 2148

Quote from: European Central Bank on August 12, 2017, 06:41:04 PM

Quote from: BitcoinBallerina on August 12, 2017, 05:48:48 PM

While you are right in a sense, you must admit buying now at $4,000 is quite a big risk...

yes. it's pretty dumb to go all in now, especially since the rise as laid out by the op has not exactly been a slow and steady one recently. the buyers of the 2013 peak had a three year and more wait to get in the black again. i don't see it happening that long again but people should maybe be pacing themselves.

Well, this is the answer to OP's question, people who try to invest safely usually don't want to buy during the bull run, they always think that now is the top and waiting for the dip, while in fact no one knows what the price would be tomorrow or in a week, we might go even higher, or fixate around $4,000, or drop down to $3,000-3,5000. This is why investors shouldn't care much about current price and try to day trade, instead they better to just hodl for at least 5-10 years.

fluidjax

hero member

Activity: 750

Merit: 601

Start now, buy say $200 / per week or $50 / day, whatever but if you buy periodically over a large time, you will average out the small peaks and troughs.

Drnice

sr. member

Activity: 588

Merit: 251

He is still be waiting for a drop.
The time he was supposed to buy was before the hard fork, when there was a panic sale, even at that time too, the price was still increasing, he should just close his eyes and buy now, otherwise he will not like his present action of waiting for a drop in the nearest future.

Anfisman

full member

Activity: 140

Merit: 100

Today many people are feel regret for not buying bitcoin when the price is still below $ 3000, including me, this happened because currently bitcoin prices are already very high, and it may be very difficult to see bitcoin prices fall below $ 3000, because these few days We see fluctuations but they are stable at $ 3800- $ 4000, so if we want to buy bitcoin, now is the time because do not let us regret for a second time.

Nameless27

sr. member

Activity: 322

Merit: 253

At that time your friend might not see or believe about what your saying or in denial for a profit he maybe gain for other thing than bitcoin. Sometimes we should do understand that they have doubts of anything especially investing their own hard earned money.

xaxistech

sr. member

Activity: 322

Merit: 250

Because it happens when every normal person wants to buy an active, doesnt matter if it is bitcoin, stuff, or anything else.
I just thought the same, i know btc when it was around 15 dollars each, and i thought that it was not gonna have future, i missed the opportunity of my life like i said, i traded 21 bitcoins for a laptop in 2011.
I started trading and using bitcoin last year when it was around $700 each one.
I wanted to buy but i said that bitcoin was so expensive and i wanted to wait until it reached $500
nowadays it is at $4000 and it is impossible for me to buy a whole bitcoin, but i do trading and other stuff that makes me earn little bitcoins and just hold them for long term.

duke944

sr. member

Activity: 546

Merit: 253

Nobody wants to feel like a sucker, even if long term they end up with a big win.
And in the moment, there is no guarantee you will "miss out" the unknown is a scary thing.

Junko

legendary

Activity: 1512

Merit: 1000

It could be that these people are afraid of taking risks. They may want to be apart of the bitcoin parade, but are so risk averse thinking they could lose money that they just can't bring themselves to pull the trigger. Saying that they will wait for a dip to buy in is just their excuse.

For some people it could be that they feel that they aren't getting a good deal by buying at what they believe to be a high price and want to buy at a "discount" with the dip. My friend's aunt will not buy anything unless it is on sale - food, clothes, electronics, car, plane tickets, etc, etc. No matter what. If it ain't on sale ie, buy one get one free/half price/discounted, she ain't buying it.

DrGuns4Hands

hero member

Activity: 910

Merit: 550

ofcourse that's the only way they can buy bitcoin when btc price has a big dump and make a good profit from it buy waiting it to pump again and have it raise bubble. trading is not that easy you must buy low and sell high that's how it works to have an income from trading. you must have a strong connection at the market so you will know when the bigwhales gonna sell their btc.

duke944

sr. member

Activity: 546

Merit: 253

Quote from: European Central Bank on August 12, 2017, 06:41:04 PM

Quote from: BitcoinBallerina on August 12, 2017, 05:48:48 PM

While you are right in a sense, you must admit buying now at $4,000 is quite a big risk...

yes. it's pretty dumb to go all in now, especially since the rise as laid out by the op has not exactly been a slow and steady one recently. the buyers of the 2013 peak had a three year and more wait to get in the black again. i don't see it happening that long again but people should maybe be pacing themselves.

Price just hit 10x the price of early spring 2016, which I consider the base of this pump ($400). On watching countless crypto pumps this is an area that almost always dumps.

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