Topic: Buy at $780-800 USD (Read 4051 times)

Bitcoin is indeed maturing and I think its decentralized nature is beginning to hold sway as can be seen from its resilenceeven after the ETF disapproval. One of the worries was that people were going to panic and dump Bitcoin, but it was all water poured on the back of a duck. $1200 is in view one more time and Bitcoin goes on even without SEC.

Isn't it laughable that one of the commentators argument against the ETF was that Bitcoin is characterized by extreme hoarding and low liquidity   Guess someone should tell him, we're going to hoard it even the more until it value docks on the moon.

If he have bought at the lower price then this would be the perfect time to sell bitcoins to make huge profits as now we are close to $1300 mark and everyone is hoping to see the price of $1500 at the end of this month so if he is satisfied with current price then he can sell some part of it and if he wants to make higher profits then better to wait for some more days.

I really think OP and those who believed in him is now happy having profit from way back new year time. For now all I can say is wait for another price movement to sell so that you will have lesser regret when the price go up. So to have profit buy at every dump sell at every pump. That way we can be like OP who smiles whenever there is a pump or big pump that occurs. 

If there is no approval of the ETF, the price might drop below $1000 for short period.

I saw same kind of messages after every fall of bitcoin's price. Yes, there are a lot of people who didn't buy bitcoin with the price 800$ after the New Year's fall, but I am ok with that. maybe cause of even 800$ is too big money to me to allow myself at least one bitcoin. I have another strategy - I just stay some % of my coins on a side every month 

how fast?

Ahahah
And spazzdla is sitting here with his coins bought at 800$!
With a little smile that says "told you motherfuckers" 

I believe so, ETF decision is another crucial part of bitcoin in order to get more big adopters invest on bitcoin.
Current rally of bitcoin price maybe caused by this news which people thought what will happen if SEC approve winklevoss ETF, take a part for the future profits in case bitcoin could reach $2000-$3000 per BTC1 in this year.

The chances of approval are really slim and if ETF is not approved we might see an immediate correction in the price ,i do hope there is a strong resistance near thousand dollars and i expect it wont go down further,after that it will be a slow recovery . In case if it is approved then the scene changes drastically.

Lol if you read when this thread were created.  OP was right, to buy at those price.  If you look at how much Bitcoin is right now, and listen to the OP and bought at $800, you will be enjoying a $400 profit.  I do not know if this charge will continue if ETF is disapproved. I hope ETF rejection does not have much effect if ever.

I think the price could be still decrease and we will still experience the down below $1,000 but since many people are believing in bitcoin and waiting for low price of bitcoin its slowly decrease but high chance that bitcoin price will not going back to 3 digit..

Price perhaps touching $800 one more time is not in anyway saying that the moon expedition has been aborted. Rather as what to expect in every financial market, the price of any asset does not just move in a straight line or indefinitely in anyone direction, so we can still touch a point below $1000 to gather momentum for the upthrust.

Everything will depend on the ETF approval if it gets approved then price will climb up in coming days but if it goes the other way then price can go down dramatically and no one knows how low it can go and at that point of time we may see that low price of bitcoins but till then fingers are crossed and only time will show what will happen in coming days.

Well as of now it seems certain that the price won't be going under 1000 anytime soon, much less 800. ETF is the only thing we really have an idea of in terms of the future of the price of Bitcoin, but looks like at least today we're hovering around the 1250$ mark.

Well this prices now seem to be an utopia. Like many others I would love to be able to buy bitcoin at these prices again. But looking at my current portfolio I am happy that I was able to buy enough bitcoins to profit from any rise.

What made you think price can jump to $1m/BTC over night? people aren't idiots they can mine the coins with much much less amounts if invested in mining.
Just a heads up, price won't drop back to below $900 ever again only in case of critical failure. even critical failure is almost impossible in a system where hash power is fairly distributed between more than 5 major mining farms.

no one knows what will happen in this year even if you say that the prediction is at $1,500 in may, 2017. there is still any possibility for bitcoin to gets down a while before its rise up in one range and we know that, we passed that so as long as we can still make profit with the price now, i think we can make that profit.

If bitcoin went to $1,000,000 you wouldn't sell because that would mean no one is using fiat, only bitcoin. So you would just keep your bitcoin and use it in the form of bitcoin. Everything would be priced in bitcoin and all business would be conducted in bitcoin. A perfect world.

I do not know... If the price goes to totally crazy to let's say 1 000 000 usd/btc, I doubt at least I bother to sell at that point anymore because by then I have money more than I am comfortable with.  Therefore, why not to sell....?

everyone apart from the most crazy hoarder has their price where they'd offload a little.

what would be interesting to watch is the level of selling if it was clear we were heading into the multiples of thousands. that's the type of thing hoarders dream of and they'd probably believe it was only getting started. there'd be a real selling strike then, and maybe an epic selloff when the common psychological barriers have been breached.

I wish there were more people like you.
The problem that lies in the future of bitcoin adaption is the fact that there might not be enough coins for the newbies because the whales do not care to sell their coins from their digital treasure chests (they have plenty of fiat already from the previous bubbles).
People like you are actually helping the community by releasing the coins and taking fiat money for the coins.

There is no chance to buy bitcoin under 1,000$  Do not say $800. it's just a day dream. the prediction is at 1,500$ in May, 2017 and it could hit 2,000$ at the end of 2017.

to get more profits, may buy bitcoin priced below $ 500 is the best. but, we probably would require quite a long time until we can buy bitcoin at that price, because there are currently no signs that bitcoin prices will go down. Well, buy bitcoin priced at $ 600 or $ 700 will only make us gain a little.

All of this are only speculation that after a dropped ,theres a big pump up next. Theres no guarantee that after a drop theres a pump, but most commonly happened is after a a dropped it keeps dropping and dropping.

This was a good advice. I was fortunate to buy when the price drop to about $750, and now, with the price has traced to $900 I am already making profits; however I still think about holding my coins since the $1,000 mark is in sight.

To create stable market, yes we need more bitcoin spread widely instead of possess by big whales which they could manipulate the price. But, maybe big whales holding to much and just give us chance to buy more coins at cheaper price. Because when it goes up, average people can't buy, another problem for bitcoin development.

Thanks God that the time of such prices passed and bitcoin again costs 900+$. I never had a plan to buy bitcoins. Cause of bitcoin is the only way to make some money to me and everything I make I cash out once a month just like a salary. So than more bitcoin costs then better to me.

But surprisingly, bitcoin prices are staying so strong around $900 price levels and making ease at that big psychological resistance levels. Usually stable prices are symptoms for another rally. So we can expect bitcoin prices will be testing $1000+ at any time, I guess traders are just waiting for Mr Trump to get into power.

Still, fluctuations might surprise any trader so some downfall up to $860 price levels also will be possible before another rally.

maybe when the price of bitcoin dropped to $ 700- $ 800, it might be a great opportunity to buy bitcoin in large numbers. it aims to benefit greatly if bitcoin prices rose to $ 900 or more. perhaps in the near future bitcoin prices climbed back above $ 1,000. so, no matter if you buy bitcoin when it drops.

To me it seems we've found a new mid term low around 800 dollar. The price is flirting with 900 dollar, but it would not suprise me we will see it suddenly go down back to the old resistance. That is offcource when any kind of 'bad' news happens.

Really this is very good for the bitcoins itself.  We now never seen bitcoin price going very down. Bitcoin will touch 1100$ very soon as per my analysis and i think that by the year end we shall go beyond 2000$.  Those who have bitcoin saved in the wallet now, will surely get the profit in the near future.

I don't think it will be falling lower than that anytime soon, I do agree that we should buy at that limit but everyone is looking to make a profit, if they could buy lower I guess everyone would wait for the lower price..

I think the 880 band is decisive. If it can hold, it can try to make a 900 as soon as possible and break it back down 750.

Yes this is the best idea i already buy bitcoin for only $800 dollars when it decrease now it increase into $891 so all in all i already made up 91$ profit just holding them and never spend them on trading nor investments. Just hold and wait for the profit <3

That's easy talking now the price has gone up like $100 from that point. I am sure you would think completely different if the price went down instead of up.

While I agree that hodling is the best and least effort intensive form of investing, people however find it way too boring as their coin count doesn't increase.

That's why you see people quite often look for high risk investments such as altcoins, and some rookies even head over to cloud mining sites...

It is a great time to bought bitcoin at this point, for sure the price will keep on rising, i had bought 0.3 BTC , i am sure i am going to get more profit in the next month and by holding bitcoin longer, I will earned more profit

Yes, it's right. The price at $780-$800 is very great to buy more and keep it on your cold wallet . That is smart investing on bitcoin at this time.
There is no need to do anything . Just buy and hold bitcoins if you can at this price.

Bottom already happened in the mid 700's USD. It's funny how some people still are dreaming with lower prices, because we are going to go 1000$ soon. Trump is a mess and he is going to keep shaking the geopolitical scene one tweet at a time. This will keep making gold and bitcoin up.

See the today's value buddy. It 890$ now. Again bitcoin value is getting increase in the price chart. I hope that bitcoin will again touch to 1100$ before this year ends. Try to dump the btc in your wallet itself . I am sure you could make profit in upcoming months.

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.

I did not done this and I also do not think that its smart because its just a very high buying price, I would wait on a lower price if I buy again.

I couldn't resist buying back 2 BTC at $780 that I have sold over $1000 not that long ago. I am quite satisfied with this outcome where I will buy buy back more, but only if the price drops to the far lower side of $700. If the price climbs back up, then it's good because I already bought back.

   Price now is 768 dollars for 1 btc, and I see this as a huge drop. Spazzdla you are legendary member, and I see you are long in this business, do you really think it will rise again. I have some amount, and now I wondering to hold more or to sell and take what I can take.
   I have never been in situation like this one, so any advice would be great. I`m thinking about it all day, and I regret cause I didnt sell when it was 1000. I`m a rooky in all this, and now I`m sweating and wondering what to do and to not make some big mistake.

Been bag holding since 2013.  Buying them coins at $200 seems like that was a good plan.

A few days ago people said Bitcoin would never reach sub 800 prices again , things can change very fast.
If price goes sub 700 you will probably see another flash crash, so i wont take the risk.

Can I get a guarantee on that. Because I have been watching it and saw it go just below $800 but then it increased by $10 just when I was about to buy some so now held off on it until it drops even further, if it even does.
If it does go to $700 I would imagine most if not all the badholders will sell at that time because dropping by more than $200 over a 12 hour period is too much for most to handle and they will end up with a seize of somekind if they do hold for too long.

Sure buy at this price if you are crazy, i said couple of days ago we will go sub 800 and here we are. Do not risk your money we do not know how much lower it will go .I say sub 700 USD in couple of days if not today. if it holds and no more bullshit news then we will maybe fight back up to 700-750 range

wow, bitcoin prices actually go down very quickly. This may affect our performance as a hunter bitcoin. Well, this never happened in years past. Well, now we can only hope that the price of bitcoin will be back at a price above $ 900, and used this opportunity to buy bitcoin in large numbers.

Enjoy bagholding , price will go sub 700 fast.

It ain't the end of bitcoin, ya dam fool!  Ah don't cares if'n the price up and goes to $100, it still ain't dead.  An' we did drop under $200 last year or late 2015 if I ain't mistaken.  So y'all jist get the twist out yo britches an' BUY till yo monkey ass hurts.  Then we see how dead this here thang is.

the bottom and the high after it is not for sure at this point and we have no way of knowing.
but what we know is that the current dump has no real reason behind it and it is based purely on FUD
and also we can be sure that price will jump back up and when it does it will go up fast and big.

If 700$ bitcoin price  break ,and bitcoin price is still going down and down.. could.it be the end of bitcoin?  It looks like were heading again on the price of bitcoin last feb 2016 which is 200$. History repeats itself.

I'm waiting for 650-700$ the bottom line then re-buy it and  I will hold bitcoin in 3 months later . I expect bitcoin will return back at least 1,000$ or more in this year. I like bitcoin to be pumped and dumped . it will give us more profit.

People are still waking up to this news in the states and the market trading day just started well over an hour and a half ago so once the news that it sunk even further away from the $1000 that those news outlets were so proud of announcing then the price will plummet even further than that of what you just bought them at. So just have more money on hand to grab up some more when the trading day is over.

already bought it while the price at range $750 and actually i didn't expect this crash but seems if we could took advantages from this crash then there will be small profit because after i bought at those range the price start to climb up again and already reach to $800 but i still hold it because very potential to rise up again more than the current price

And just want to add that we must go with the current flow and open doors for every chances and opportunity.

Who knows that we can't see another price like this once bitcoin will goes on a push again and will start to maintain the resistance above from the given price of OP. Forget regrets and face the risk. If people bought at $780-$800 and price still continously drop then just go on. Bitcoin investment is meant for a long term and not on an short period of time profit.

That is a nice way to see it in a different light for this malestorm while it is happening.
It does give pause to just take a breath and carry forward.
I also think it is an opportune time to buy some while it is back at this price because it is bound to bounce back to the levels that we saw last week at over the grand line.
That is for certain and we should all keep our wits about us when things like this happen and they do happen often in this bitcoin market of price volatility.

Yeah if could able to see the every year's price chart. You could see this dump. I do not know why its happening but still the same thing is happening in continuously 2 years. Price will automatically increase in some months. If you are fine current value itself means you could sell it out also.

I can't considered that range as a resistance line for now since it can't hold for a given period of time. However, as far as my own analyzation and fearless view is concern, StochRsi dictating somehow that it can be nominated for a resistance line for a decent percentage now. Let's just wait and see for the following days.

And yes agree to buy and HODL in a moment like this. Take advantage of that shit dip and eye for a long term profit.

It's great for a trader to experience this level of volatility. I am only buying for the purpose of trading as all my other coins that I have for holding purposes are bought below the $300 level. In that regard, it's not interesting for me to pile up even more coins at these levels. That being said, somehow I have the feeling that we may drop further down till a point where we may settle below $800 for a couple of days. Just make sure you have some money left in case the price drops down further. If you buy in smaller fractions then you might even buy all the way down. It will average down your buying price significantly. Never go all in.

someone once said a nice sentence to me, he said whales dumping coins like this is a good chance for everyone else to get in bitcoin before they buy back again. and this way coins will be distributed more and more every time this happens.

Short term it's more 750$ imho and 680$ cannot be entirely ruled out.

Buy all the coins, ALL OF THEM.

This is the resistance line.. HODL IT and profit from it.