Topic: Buy at $780-800 USD - page 3. (Read 4049 times)

Based upon the Op's quote we could have bought when the price was staggering within the range of $780 - $800. Now it could have given a better profit, none of the users might have thought that such a growth happens now because the price went down after a major peak increase. As price have been sustaining no more drop in price can be expected soon.

Those are the kind of people that always see a good buy 100 or 200 dollars below whatever current price it may be, and if we were at 30 dollars, they would see 5 dollars as current price. Those are the guys that missed the boat since day one, they can't never decide so that's why they never take action, and the only way to remain the same as you are now is to not take action.

Shakes head... This particular board seems to be a filter for all of the dumbest members of bitcoin.talk. Sorry, I don't mean to pick on you, but this comment is particularly foolish.

Yes, right now $500 seems like a great buy... because the price is way over $500! If you can find anyone to sell you btc @$500 then of course it's a good buy. The current price factors in the situation right now. Some would say that the price *is* an accurate summary of the situation now.

Now if there were a bunch of reasons, or a big reason for the price to drop to $500, then $500 wouldn't be a good buy to most people. By definition it would be a good sell for around half.

Below 500 is smart buy.

I'm buying small amounts below 800 but I still think the price could go lower. Could the price drop to as low as 500?

Are you desperate for the price to hold? I am sorry but the price will go lower than $780 - $800. You should not give bad advice here in the forum because there are a lot of newbies here who might listen to you. There is an expression among traders. It says "Avoid catching a falling knife". Everyone should adhere to it to steer clear from losing any money.

Its just your own choice it can be okay but I would not do it, I simply consider this price as too high to buy, I think its not profitable enough with the upcoming price but of course you never know what happens with the price so it can also be an option to still do it.

It's called dollar cost averaging and it's a great way to invest over the longterm. It actually mitigates your risk because you avoid putting a lot of money in all at once. You'll see a steadier fluctuation with your funds rather than huge spikes up and down.

I just bought some more bitcoins for the long-haul!

Can maybe be good and it will climb again but I think that when you bought the price was too high if I have to be really honest.

Im buying some everyday but I wish I could buy more then some. I guess my come will just have to do.

the conclusion that now is the right time, and also we can benefit greatly in the future. using bitcoin in the future will become daily. This is a great time to buy a bitcoin with the money we have.

I am also about to start to buy bitcoin again and start to hold it.
Truly economics apply in bitcoin, since now the bitcoin is low many people will buy and the price again will rise. Who know after a month bitcoin price will surprise us. It really depends on the users. 

I think more price decreases will happen soon because there is still more red in the market and i think they are still pushing down the price of bitcoin but the other traders still pushing it up.. it is hard to predict right now if you are just  buy bitcoin there is the possibility that you will hold it for a long time instead you be lose if you sell it early..

which is right we already seen that the price went up to 1k$+ and we don't know whether it can go back up from that stage or if the price will keep fallen down but its a good chance for newcomers to invest and hold it seems that bitcoin will get his free advertisement with media covering the downfall and for sure we will see big players to join the ride, lets keep supporting and buy little by little.

I don't know the reasons of bitcoin droop, but it's a really good chance to buy some. That is what we waited, me and all those users who wanted to invest in bitcoin. So, let's not skip this chance.

Look at the charts man. Plus China is still "investigating" all of this market manipulation thing. I say it's going down real good due to panic selling. $500 isn't that far off any more. I remember when I bought at $400, was hodling all this time and still am. *poker face*

I hate to say it, but Trump could make Bitcoin great again.

Let me tell you the story of how I started with BTC.  Similar to many peoples I am sure.

I was playing golf in 2013 and my buddy tells us we should buy bitcoin, $70 per coin.  I look into it, spend some time to complicated give up.  Was going to buy 10. Forget about it.

Dec 2016, I read BTC is $600... FOMO (fear of missing out) sets in and I get setup on an exchange as quick as possible, takes several days, BTC explodes during that time.. now over $1000, I am setup. I buy into bitcoin first at $1100 CAD, oh ya I did.  
It starts dropping and I want to get in at mining.  I buy 4 S1's when BTC was around $800, the network difficult spikes... the returns are not what I anticipated.  I got my coins back but it cost hydro to do it.  I still want to mine and buy the S3's as soon as they come out, probably turn a small profit even after power costs.  
Buy more coins around $600 then at $400.. BTC drops to $200(The S1s are shut off).  I do nothing for a bit, it holds at $200.  I buy some at $200 planning to buy a larger chuck at $100 and double every bitcoin I own at $50.  

Bitcoin skyrockets to $500(I buy a tad). Falls holds for some time(S3's are shut off, draw way to much power, buy USB miners to mine for fun).

Bitcoin skyrockets to $780, falls, holds for a a tad.

Bitcoin skyrockets to $1500 CANDIAN , falls (I buy a tad),  and here we are.




I have been watching a lot of BNN and it has been suggested buying lower to drop your average buy cost is a good idea.  You REALLY need to look into what you are buying however.  I believe BTC has a chance to rival gold as a store of value.  Could also be a world reserve currency but forget about dreaming crazy big just looking at a store of value, if BTC held 50% the market cap of gold.. $250,000.00  per coin..  IMO BTC is better in gold in every way EXCEPT, for world ending situations and lets be honest who cares you're probably dead and the potential for an unknown bug or flaw in an encryption algo that doesn't get fixed.  I am betting on any bug we run into gets fixed with out the failure of BTC and it seriously competes with gold as the store of value people chose in rough times.

I also doubt if it will be good for making profit but its depending on what the price is gonna do soon or later.

Buying at that price is maybe worth it but the profit will right now be minimum so I doubt about doing that, maybe with some patience it can make you rich but its a heavy investment and pricey.