Topic: Better Late than Never? - page 38. (Read 10514 times)
You are right.You need not have to feel for the late entry as bitcoin price has yet to attain new peaks.When almost all treat bitcoin just as an investment,its good to see you to use it for what it was actually created.But with the higher transaction fee prevailing today,it will not be economical for you to buy goods of low price.Its said that amazon is getting ready to accept bitcoins.Overtock.com,an online retailer shop accepts bitcoin payment.
All I know now is bitcoin just to buy digital products, like pulses, electric tokens, game vouchers. If you want to buy a household appliance, you have to convert to fiat currency. But you can try check on google. From the information, Amazon accepts bitcoin as payment.
of course better late than never, im pretty new on this and have to say its actually overwhelming, the amount of information there is and the amount of things to do makes you want to dedicate to something else, however its also very interesting
I couldn't wait any longer and jumping into cryptocurrency pretty late. I understand I have invested at the high end as of late, but with the rapid growth over the last several weeks I would be a fool not to jump in.What are the predictions of the bubble before it bursts and drops back down?
Also, I imagine it should become my goal, as an investor, to actually use the bitcoin for what it was created to do. Peer to Peer purchasing in a free market, not relying on the banks or 3rd party taking their cut. Where can I begin actually using bitcoin to purchase normal household items?
Yes, bitcoin is about to pass 20K mark and probably before the end of the year its mark hits 25k, all traders in speculation thread are talking about that,
I couldn't wait any longer and jumping into cryptocurrency pretty late. I understand I have invested at the high end as of late, but with the rapid growth over the last several weeks I would be a fool not to jump in.What are the predictions of the bubble before it bursts and drops back down?
Also, I imagine it should become my goal, as an investor, to actually use the bitcoin for what it was created to do. Peer to Peer purchasing in a free market, not relying on the banks or 3rd party taking their cut. Where can I begin actually using bitcoin to purchase normal household items?
My dad owns a few bitcoins, now he told me a few days ago that he is looking to sell his house in order to buy bitcoins, i told him that he was insane.
No one knows if bitcoin is going to crash or not, but risking a house is something very DIFFERENT from investing a few hundreds or thousands.
If you are looking to invest less than $10000, then do it, there is nothing to loss in there, you can easy recover $10k in a few months.
But if you are going to put all your life savings in here, do not do it, you are going to run with a huge risk.
woooow, that's so crazy, I see that your dad 100% believes in bitcoin until he dares sell his house for bitcoin investing, I feel amazed at his decision. good luck, and hopefully the house is replaced by a nicer and luxurious home No one knows if bitcoin is going to crash or not, but risking a house is something very DIFFERENT from investing a few hundreds or thousands.
If you are looking to invest less than $10000, then do it, there is nothing to loss in there, you can easy recover $10k in a few months.
But if you are going to put all your life savings in here, do not do it, you are going to run with a huge risk.
In the long term, cryptocurrency market will only grow, so you have nothing to fear. But the risk of a correction remains.
What do you mean by risk of a correction?
market crash
I believe the correction might happen but not too much dump and bitcoin or altcoins will bounce back. Investing on cryptocurrency is always a good decision and profitable one, yes its risky but believe on it and you will earn some of it.
In the long term, cryptocurrency market will only grow, so you have nothing to fear. But the risk of a correction remains.
What do you mean by risk of a correction?
market crash
I believe the correction might happen but not too much dump and bitcoin or altcoins will bounce back. Investing on cryptocurrency is always a good decision and profitable one, yes its risky but believe on it and you will earn some of it.
It's not late to invest in bitcoin, infact it's better now than later. As for the fabled bubble that is said to burst any second now, I highly doubt it. There may be a correction, but it shouldn't affect the cryptocurrency market that much if it doesn't lead to an overall market crash, so no worries there. It's an extremely volatile currency so really there's no clear prediction.
It's safe to invest your bitcoins in anything you desire, just make sure not to blow up your lifetime savings on it, it's not a very smart move. I would suggest keeping them, hodling more specifically, the long term investment will pay off.
It's safe to invest your bitcoins in anything you desire, just make sure not to blow up your lifetime savings on it, it's not a very smart move. I would suggest keeping them, hodling more specifically, the long term investment will pay off.
I couldn't wait any longer and jumping into cryptocurrency pretty late. I understand I have invested at the high end as of late, but with the rapid growth over the last several weeks I would be a fool not to jump in.bitcoin is having a big acceptance, there is money coming and this will increase the price in the future, of course I do not know what the bitcoin price will be next year and I can not tell you that next year you will get a profit of 4x as lately many people just want 4x profits. but surely some profit you will have
What are the predictions of the bubble before it bursts and drops back down?
with your pessimistic thinking I would not recommend that you buy some bitcoin
Where can I begin actually using bitcoin to purchase normal household items?
look for the bitcoin debit cards or this overstock.com
Bitcoins are great for long term investment so i think that you can't be late to invest in bitcoins or any other crypto currency.Bitcoins haven't reached it's potential yet and will continue to rise as long as people invest and uses them.But if you are going to invest in bitcoins now, just to be safe wait for a drop or something as while investing always try to buy low sell high but the price remain around 16-17k buy them i don't think so that it will go down beyond that now.
Everything depending on bitcoin behaviour.. But for now almost everywhere you invest money you easily double investment or more.
Everywhere ?I believe you are talking about altcoins to which you are referring as everywhere but I feel we need to read the project and their area of expertise and if it is going to work in real life or not instead of investing in any altcoins but I agree with your statement as per the current market situation money can be easily double with any altcoins as it's going like a bull market now but after correction everything will be revised so it's better to invest in the right coins which has scope in future.
I couldn't wait any longer and jumping into cryptocurrency pretty late. I understand I have invested at the high end as of late, but with the rapid growth over the last several weeks I would be a fool not to jump in.What are the predictions of the bubble before it bursts and drops back down?
Also, I imagine it should become my goal, as an investor, to actually use the bitcoin for what it was created to do. Peer to Peer purchasing in a free market, not relying on the banks or 3rd party taking their cut. Where can I begin actually using bitcoin to purchase normal household items?
Everything depending on bitcoin behaviour.. But for now almost everywhere you invest money you easily double investment or more.
My dad owns a few bitcoins, now he told me a few days ago that he is looking to sell his house in order to buy bitcoins, i told him that he was insane.
No one knows if bitcoin is going to crash or not, but risking a house is something very DIFFERENT from investing a few hundreds or thousands.
If you are looking to invest less than $10000, then do it, there is nothing to loss in there, you can easy recover $10k in a few months.
But if you are going to put all your life savings in here, do not do it, you are going to run with a huge risk.
If he already owns a few bitcoins, there can't be a real need to invest more and more, and risk the house and everything he has gathered. But, if he has a few houses, it can be a wise decision. Anyway, if he want to risk it, and he can afford to risk it, then risk it. He has 50% chance to win and to lose... In my opinion the way forward for the price is still up, but there could be some bumps on the road now, there won't be an easy ride... There are too many people investing now and fees are high, mempool is full. If LN starts that could help a lot, until then, we need to be careful... No one knows if bitcoin is going to crash or not, but risking a house is something very DIFFERENT from investing a few hundreds or thousands.
If you are looking to invest less than $10000, then do it, there is nothing to loss in there, you can easy recover $10k in a few months.
But if you are going to put all your life savings in here, do not do it, you are going to run with a huge risk.
In the long term, cryptocurrency market will only grow, so you have nothing to fear. But the risk of a correction remains.
No there are still risk in investing in bitcoin because bitcoin is volatile we do not know if the price will continue to increase or not. .but because of the price increase people are attracting to invest and more people are investing that is why the price of bitcoin is getting more expensive.. Buy small amount that you can afford to lose is ok just to get the benefits of price increase..
In the long term, cryptocurrency market will only grow, so you have nothing to fear. But the risk of a correction remains.
What do you mean by risk of a correction?
market crash
I couldn't wait any longer and jumping into cryptocurrency pretty late. I understand I have invested at the high end as of late, but with the rapid growth over the last several weeks I would be a fool not to jump in.Well, you entered just exactly at the right time. Bitcoin surged and gained 2K in just one night. I just slept a few hours and bitcoin reached a new ATH. That is incredible timing for you.
What are the predictions of the bubble before it bursts and drops back down?
It is hard to tell with bitcoin but I expect a correction before the holiday ends or right after the holiday. Maybe January next year we will see a slight dump on price. It was like that last year, maybe it could happen again. Take a look at the article made by Theymos: https://www.reddit.com/r/Bitcoin/comments/7gi55s/dont_invest_recklessly/.
Theymos make a great article about a newcomer that wants to jump in into Bitcoin.
Theymos make a great article about a newcomer that wants to jump in into Bitcoin.
This was well written. Great read and couldn't agree more. Kind of goes back to the whole idea of "don't put all your eggs in one basket". Spreading a portion of my investments throughout multiple crypto may be the best plan for me.
My dad owns a few bitcoins, now he told me a few days ago that he is looking to sell his house in order to buy bitcoins, i told him that he was insane.
No one knows if bitcoin is going to crash or not, but risking a house is something very DIFFERENT from investing a few hundreds or thousands.
If you are looking to invest less than $10000, then do it, there is nothing to loss in there, you can easy recover $10k in a few months.
But if you are going to put all your life savings in here, do not do it, you are going to run with a huge risk.
No one knows if bitcoin is going to crash or not, but risking a house is something very DIFFERENT from investing a few hundreds or thousands.
If you are looking to invest less than $10000, then do it, there is nothing to loss in there, you can easy recover $10k in a few months.
But if you are going to put all your life savings in here, do not do it, you are going to run with a huge risk.
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