Buy now or wait for Bitcoin? - page 16.

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Quote from: michellee on September 29, 2019, 11:37:05 AM

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Quote from: hyper7 on September 04, 2019, 06:41:10 AM

Hi all,

I want to invest some money in Bitcoin (long term investment)
It's better wait the next fall down (like the situation on December/January), or buy now?
Otherwise fixing a target for example 7000 or 8000 $ and buy in that moment?

Thank you in advance for your suggestion

I think it would be better if you would start to buy bitcoin, as long it doesn't reach it's price very high because if you start to buy bitcoin today you still have a chance to increase your profit if bitcoin also started to increase its price. It is the reason why a lot of people are starting to convert their fiat into bitcoin for them to gain profit.

I guess he needs to wait for a while because the trend now has changed. Bitcoin price now is down again so if he can analyze more about that, and I think he can be able to get a low price and not the price now. Maybe he can place the order buy at $7500-$7800, but that is up to him. We could suggest him to buy any price of bitcoin, but the final decision will be at him.

Bitcoin below $10,000 is a good buy in my opinion. But be wary of market especially now that bitcoin reach below $8,000. My advice, buy on staggered basis. If it dips further, buy again. Thats BTC cost averaging , and when market recovers its easy to recover your losses.

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Quote from: hyper7 on September 04, 2019, 06:41:10 AM

Hi all,

I want to invest some money in Bitcoin (long term investment)
It's better wait the next fall down (like the situation on December/January), or buy now?
Otherwise fixing a target for example 7000 or 8000 $ and buy in that moment?

Thank you in advance for your suggestion

We never knew when or if bitcoin will decrease its price compared to its current price right now hence, we should take the advantages and buy as much as you can otherwise it will be your loss. Actually you can purchase whenever time you want since you were going for long term investment, bitcoin never stop wavering so if the time comes that you think your investment would gain an enough profit then that is the time for you to sell.

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Quote from: carriebee on September 30, 2019, 05:03:25 AM

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You can't time the market. In my opinion, you should do dollar cost averaging in order to get the opportunity to buy some bitcoin. The price of bitcoin is really staying more or less 8,000 USD and the perfect thing to do is to buy bitcoin from at least 20% of your capital and as the bitcoin's price go lower then you should buy more to lower your average purchased price.

Definitely a good decision to buy bitcoin at this price, buying while price less $8k is also good opportunity for us. Indeed we cannot time the price in the market but buying more every it’s dip could gives us gain profit when it recovers. We may see changes of price so we can wait and purchase btc.

Buy now and for sure you will earn profit for the future, but if you think that the price will go down then it's good to wait and buy at the dip price. If you want a long term investment i suggest you to buy now and wait until the bull run happen.

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Quote from: Finestream on September 30, 2019, 04:33:33 AM

That's the thing I rely that makes me confident that bitcoin will not fall to its lowest since last year.
Bitcoin is now experiencing some dump, but it should not create a lot of panic as we have witness this kind of dump or even worse last year, and look what happen after, bitcoin this year starts to recover, stays over $10K for awhile and it brings back the confidence of the people into investing in the market.

Pump and dump is normal for any type of market. It is an opportunity for new investors or a chance to grab profit from their investment. Either way we should not be greedy when buying or selling. If it already dump like bitcoin from the previous days then don't hesitate to buy even if it goes lower, chill and wait for the pump again. No one knows if at this current price it will dump more or it will begin to pump.

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Quote from: ?? on ??

You can't time the market. In my opinion, you should do dollar cost averaging in order to get the opportunity to buy some bitcoin. The price of bitcoin is really staying more or less 8,000 USD and the perfect thing to do is to buy bitcoin from at least 20% of your capital and as the bitcoin's price go lower then you should buy more to lower your average purchased price.

Definitely a good decision to buy bitcoin at this price, buying while price less $8k is also good opportunity for us. Indeed we cannot time the price in the market but buying more every it’s dip could gives us gain profit when it recovers. We may see changes of price so we can wait and purchase btc.

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Quote from: andreibi on September 29, 2019, 03:43:40 PM

But long term, yes, Bitcoin will rally before the halving and it is less than 230 days away.

That's the thing I rely that makes me confident that bitcoin will not fall to its lowest since last year.
Bitcoin is now experiencing some dump, but it should not create a lot of panic as we have witness this kind of dump or even worse last year, and look what happen after, bitcoin this year starts to recover, stays over $10K for awhile and it brings back the confidence of the people into investing in the market.

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Quote from: hyper7 on September 04, 2019, 06:41:10 AM

Hi all,

I want to invest some money in Bitcoin (long term investment)
It's better wait the next fall down (like the situation on December/January), or buy now?
Otherwise fixing a target for example 7000 or 8000 $ and buy in that moment?

Thank you in advance for your suggestion

I say buy some now and then use some of your savings and buy a little every month as others mentioned before.

Also, what I wish I was doing right from when I started investing in BTC, is to not be afraid to take some profits. What I mean is that if you see a nice fat pump, don't be afraid to sell some thinking "what if it pumps more?". If it pumps more, you got yourself a nice profit. But usually it goes down, giving you a chance to rebuy more btc without actually spending a dime

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Quote from: NalanGirlAs on September 29, 2019, 05:54:17 AM

Everybody dreams of buying from low and selling from high. However, it is almost impossible to achieve this within full limits. If you believe in Bitcoin, you should buy it maybe not always but at least at prices that you think are relatively low and wait for it to rise. If you want to make short-term profits, you should search the forum for topics like margin or daily trade. Good luck.

How about continue buying everytime it's falling down ... you'll just collect the rewards later which of course you need to be patient and looking for another unexpected skyrocketing price just like in 2016-2017 and 2018-2019 .. you know bitcoin always move up like a rocket so it's realistic!

Aand It's indeed not a financial advice , you should looking for elsewhere if you want to. But here's the thing ... bitcoin is something that I personally believed as a really long time investment more than real estate.

So I won't bother with any kind market situation... I'll just buy more when I think it's on discount and of course if I have some spare money to put in Grin

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Quote from: andreibi on September 29, 2019, 03:43:40 PM

Well, the weekly candle will be final in less than 5 hours and the same with the daily candlestick. And both candles don't look too good, we might be seeing a cheaper Bitcoin at the start of the week.

But long term, yes, Bitcoin will rally before the halving and it is less than 230 days away.

Waiting is always the right choice for all of us to have big profits in the long run, having this bitcoin halving that would happen next year only means that the price would drop even more than what we are expecting, it is frustrating because we are in the bearish market for almost a year and the bull seems to be lost in space or still in the moon waiting to come again, but I'm sure something good will happen before bitcoin halving will happen next year.

It would be not bad if bitcoin's price would go up, up to $15,000-$19,000 before this year ends, we could have at least a good new year's celebration or christmas celebration when you celebrate one.

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Well, the weekly candle will be final in less than 5 hours and the same with the daily candlestick. And both candles don't look too good, we might be seeing a cheaper Bitcoin at the start of the week.

But long term, yes, Bitcoin will rally before the halving and it is less than 230 days away.

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Quote from: Herry Toms on September 04, 2019, 07:06:32 AM

Why you are worried that could happen and no one knows if it really happens. I think you need to buy it now, instead of waiting for another fall.
This is a fair price to buy BTC now and it should go up from here towards 20k.

He was very wise with his decision, and I am sure he is not new in crypto, so he knows the truth! I think he was confused about investing and look market already at dip and price is decreasing day by day! Bitcoin at 20K BTC is a daydream, for now, it won't happen very soon for sure. I think he should wait more days to buy Bitcoin at a cheaper price!

If you feel it cannot happen again at any time, then you don’t know much about bitcoin, you could say that people are quite skeptical about investment nowadays because of scammers, but they have been skeptical since January this year after the way ICO became messed up last year and was not encouraging for investment again, but yet, we still saw the speed at which bitcoin used in spiking around April unexpectedly.

The same way that we never expected bitcoin to surge is the same way that the price of bitcoin will increase this time around also without any prior notice. So don’t think we can't see $20k soon, any factor could come in at any time to make the buying and investing in bitcoin interested very big investors today and we will see the price shoot up again.

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Quote from: ?? on ??

Quote from: hyper7 on September 04, 2019, 06:41:10 AM

Hi all,

I want to invest some money in Bitcoin (long term investment)
It's better wait the next fall down (like the situation on December/January), or buy now?
Otherwise fixing a target for example 7000 or 8000 $ and buy in that moment?

Thank you in advance for your suggestion

I think it would be better if you would start to buy bitcoin, as long it doesn't reach it's price very high because if you start to buy bitcoin today you still have a chance to increase your profit if bitcoin also started to increase its price. It is the reason why a lot of people are starting to convert their fiat into bitcoin for them to gain profit.

I guess he needs to wait for a while because the trend now has changed. Bitcoin price now is down again so if he can analyze more about that, and I think he can be able to get a low price and not the price now. Maybe he can place the order buy at $7500-$7800, but that is up to him. We could suggest him to buy any price of bitcoin, but the final decision will be at him.

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Quote from: Ridwan Fauzi on September 28, 2019, 11:50:50 PM

Quote from: semobo on September 28, 2019, 10:10:15 PM

So your target for purchase has arrived,take the advantage of it before whales taking it.But for now nothing good for the prices to rise up so you can plan what you can do now and be ready to face the consequences by investing it.Seems like it stabled now after the sudden dump of Bakkt launch which means prices getting ready to take off again!

Actually, to buy bitcoin there is no word to say a good and the bad time especially for long term intention. Moreover if we see the fundamental analyst I mean bitcoin will face halving event and there is some companies who able to accept or make their own crypto has been proven that most people on this world have known it and they are still considering to buy it.

I don't have any idea to commenting Bakkt service at this time, I've been waiting for a long time to see this service be launched and even most crypto user is doing so. But when it was launched at 23 September a few days ago just give a negative sentiment to the market. I don't know it is just a trick from some whales to buy in the deep or indeed the service is not interested by most investor.

There is no perfect day in crypto life so we need to just buy it and also help other people to realize it so just said buy now even OP looking for this price to buy some bitcoins.

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You must learn first the flow of crypto market and no one can gives you definite prediction of price. The current price is below $8k and if you can take risks it is still good to buy. If plan long term investing in bitcoin accumulating more is good. As long you understand the flow and risks in crypto buying of btc and the price is low is a nice decision.

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Quote from: hyper7 on September 04, 2019, 06:41:10 AM

Hi all,

I want to invest some money in Bitcoin (long term investment)
It's better wait the next fall down (like the situation on December/January), or buy now?
Otherwise fixing a target for example 7000 or 8000 $ and buy in that moment?

Thank you in advance for your suggestion

Many people are now waiting for the big dump of bitcoin and they predict that it might fall in the price of 7000$ or below so I suggest once it hit that price you should invest then hold it and wait for the next halving that will happen in the next year 2020. I agree with you that it's better to wait for the next fall so you might buy it at a low price then you might sell it in a high price. Do not waste your time and just buy now and hold it so you can gain once the price goes up.

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Quote from: KnightElite on September 29, 2019, 04:03:12 AM

Most of the beginners have misconception about investing in bitcoins. Just because they saw that the price of bitcoin is too low, then they will start investing. It is the misconception that we should change. The price of the bitcoin is too volatile, you can only have foresight about the price of the bitcoin if you have enough knowledge about technical analysis.

There is nothing wrong with this, buying bitcoin in the lower price is the most basic way of making profits in investing in bitcoin even as a beginner, so how come that it is a misconception, I'm perflexed. It would be funny if they will do the opposite, buying bitcoin in a high price then when it drops, welcome to panic selling squad, and yes, the bitcoin's price is volatile that is why it's sometimes way up high, sometimes it's way down low.

Beginners are taking this advantage because that's the best thing they could do for now, you also started that way, so don't discourage them and let them to their homework.

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Quote from: OmegaStarScream on September 04, 2019, 07:04:17 AM

You shouldn't ask for financial advice here on the forums because people tend to give advice based on their opinion and beliefs regarding the market but If your goal is long term investment as you're saying, then, in my opinion (a lot might disagree), you should accumulate as much as you can, regardless of the current price because no one could predict the price. You should also keep in mind that the halving is going to occur in ~250 days and that would mean less bitcoin in circulation so more people will be buying before that, and the price might not drop as you're expecting.

I agree if it is for long term then you really need to buy as much as you could ,
Because we don't really know how much it could drop so don't set your price on when to buy it,
Because you might just miss more opportunity while waiting .
And don't let the panic get the best of you there are some who would say that they are investing for the long term but when the market crash they would also dump their investment.

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Are you sure there will be another fall?

Buy not and do not hesitate. Then that is the time you should wait for the increase.
I am not guessing here but I am sure it will increase in just a manner of time. It cannot be predicted accurately but it will.
Adoption may be slow but it is still adoption which increases the market value of bitcoin.

Better not be late or you will just regret it next time because you are thinking too much.
It is way cheaper now and that might be the cheapest that you can get.

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Quote from: KnightElite on September 29, 2019, 04:03:12 AM

Most of the beginners have misconception about investing in bitcoins. Just because they saw that the price of bitcoin is too low, then they will start investing. It is the misconception that we should change. The price of the bitcoin is too volatile, you can only have foresight about the price of the bitcoin if you have enough knowledge about technical analysis.

In other words, without the word "Thought" all the words "Thought" are wrong. others think that they will soon buy big money when they buy bitcoin because of the rising prices in the market, so often they buy it so suddenly that it causes them to worry because they think they are losing their money invested. Wrong mindset because it was created, because you have to learn or know things about bitcoin trading first.

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I think you are aiming too much, your target price was so far to be honest. I'm not saying that it was impossible for btc's price to reach $7k to $8k especially knowing that the market is not so lively for quite a long time butvit still requires time. I can't even say when is the time btc will reach that point so for you to save time I advice you to invest now, hodl until it reaches ATG or what ever price you want to exit. Another reason why I adviced you like that is becuase the bitcoin halving is gonna happen next year, I'm pretty sure you don't want to miss the boat, right?

Topic: Buy now or wait for Bitcoin? - page 16. (Read 2600 times)