Considerations before buying BTC | Bitcointalksearch.org

Hamstead

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Quote from: senne on November 10, 2017, 11:52:10 AM

Quote from: Redanim on November 10, 2017, 09:01:30 AM

Before buying bitcoins you should always check bitcoins rate, how bitcoin grew up lately or fell down. And you always need checking all news related with bitcoins, you can still also consulting with person who understands in this theme, just advise you to have in mind major players opinion too.

But among all aspects the main thing you need to consider is the amount of money you are trying to invest in Bitcoin, because I should only invest that much amount of money which he can bear to lose or an amount which can be invested over a long period of time. As short-investment in Bitcoin can be risky due to ups and down but long term investment is surely beneficial.

Investing bitcoin either short term or long term is both beneficial. Close monitoring toward bitcoin price will give enough information and you are always aware of what is the flow in the market. Anyway, it is a good idea of not putting a big amount of money to bitcoin investment if you're doubted on this. Even though investing in bitcoin is risky but it have a big assurance of gaining rather that losing your money.

Xester

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Quote from: highperspective on November 06, 2017, 03:17:36 PM

What is the metrics that you take into account before investing in BTC? Do you think about how much it has been rising, what is news is coming up, and your personal belief in crypto?

If you will look into how much it has been rising, you might be intimidated or it might pursue you to invest with bitcoin. There is no consideration I take if I will buy bitcoin because I never bought any. I am just earning my bitcoin since there are ways to earn it. I am just continuously monitoring its price and that some news so I know if I should buy more or just hold it.

senne

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Quote from: Redanim on November 10, 2017, 09:01:30 AM

Before buying bitcoins you should always check bitcoins rate, how bitcoin grew up lately or fell down. And you always need checking all news related with bitcoins, you can still also consulting with person who understands in this theme, just advise you to have in mind major players opinion too.

But among all aspects the main thing you need to consider is the amount of money you are trying to invest in Bitcoin, because I should only invest that much amount of money which he can bear to lose or an amount which can be invested over a long period of time. As short-investment in Bitcoin can be risky due to ups and down but long term investment is surely beneficial.

Redanim

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Before buying bitcoins you should always check bitcoins rate, how bitcoin grew up lately or fell down. And you always need checking all news related with bitcoins, you can still also consulting with person who understands in this theme, just advise you to have in mind major players opinion too.

darkangel11

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Quote from: Thanasis on November 10, 2017, 08:34:31 AM

If you have enough investment just buy the bitcoin today itself,because the bitcoin price keeps going up everyday people are expecting that it will hit $ 10K by end of december so don't make it too late buddy.And make sure you have a good wallet and encrypt all you data or else your wallet maybe hacked .

Check again. While you were writing this post it actually went down Cheesy

We lost over $400 today and it could still go down from here.
You should learn not to follow the crowd. In 2014 people were expecting at least $2000 in 2015 and what they got was $300! The correction was long due. People on tradingview were expecting it a week ago. The lower you manage to buy the better so don't go in blindly.

Reid

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The money that will be left for you.
You can buy all the bitcoin that you want if you think you can risk your money.
But just be sure that there will still be something left for yourself and for your necessities.
No need to go max just so you could profit more. There is a chance there will be no profit but instead a loss will happen for a few weeks or months. With that, you should have been ready also with your budget.

Thanasis

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If you have enough investment just buy the bitcoin today itself,because the bitcoin price keeps going up everyday people are expecting that it will hit $ 10K by end of december so don't make it too late buddy.And make sure you have a good wallet and encrypt all you data or else your wallet maybe hacked .

BitcoinBallerina

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There are some considerations before buying BTC yes. First you need to do your own research and be completely comforatble with buying BTC and understand everything that is involved in the process. Figure out what hot wallet you want to use, I recommend Samourai Wallet, GreenAddress, or Electrum. Then pick an exchange. I recommend peer to peer and not centralized ones that ask all this info.

Snub

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I buy it when I have that chance, tomorrow it is gonna to be more expensive...
So, no metrics, just buy it when you can

zais

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Quote from: highperspective on November 06, 2017, 03:17:36 PM

What is the metrics that you take into account before investing in BTC? Do you think about how much it has been rising, what is news is coming up, and your personal belief in crypto?

everything that will be done must be full of consideration, if what we do produce result because doing something careless mostly fatal result, buy bitcoin its consideration is about price, if we really want big profit buy bitcoin at low price and sell it at a time when prices go up

azhar700

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My interest in bitcoin started in 2016, and I always use my confidence to buy bitcoin, and if there is a chance to buy a lower price, I will definitely do it too. My goal in the world of cryptocurrency, especially bitcoin is for long-term purposes, although there is a fear of loss but it is a risk that I must accept (commitment)

oegarod

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Quote from: Caesar-Giulius on November 10, 2017, 06:23:43 AM

Since the day I have strong interests in BTC, I don’t really ask myself questions before buying BTC. But of course when there is bad news and BTC price dipped, I will try to buy if I have extra money.

Yes, that's a good thinking to make buying of bitcoin at the right moment. When there is a negative statement circulating people always have a panicking in their mind about the further growth of bitcoin. Very few overcomes the same, so to be on the wiser side it's good to buy as much possible.

misterj

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Before buying Bitcoin, consider the value present in that day of your purchase. If the bitcoin value is low or shows that in the graph its value is going down, this is where you should do your purchase. If the value that day is higher than normal or in the graph shows that it is increasing.l, this is the time where you should not do your purchase. Rather you should sell if you have bitcoin in hand for your profit gain.

Caesar-Giulius

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Buy, sell and store real cryptocurrencies

Since the day I have strong interests in BTC, I don’t really ask myself questions before buying BTC. But of course when there is bad news and BTC price dipped, I will try to buy if I have extra money.

Cherylstar86

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Quote from: pat4cryptoreal on November 10, 2017, 06:13:53 AM

There are lot of things to consider when ever any one went to make any investment. If you look at the price of bitcoin 5 years back you will have no option than to invest in bitcoin because this will give you assurance of profit.

Well having an assurance with your profit is one of the biggest considerations that you're going to think of before you decide investing with bitcoin. That's a certain vision about its future and I am confident that since last year at the month of december, wave back at the price at around $900 and now at the very promising price at $7k. How surprising is it and its worth seven times folded price compared from last year.

pat4cryptoreal

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There are lot of things to consider when ever any one went to make any investment. If you look at the price of bitcoin 5 years back you will have no option than to invest in bitcoin because this will give you assurance of profit.

fattyforhire

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The only question I asked myself before investing in bitcoin was whether I was ready to lose the invested amount of money and live peacefully in case of something. I pondered for a long time, and yet I decided to lay down. About what for a second he did not regret.

argiyan.tri

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for me personally, the possibility if investing, what I think is the future. because we do not know what will happen in the future.

CMIIW

metenjean

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Quote from: highperspective on November 06, 2017, 03:17:36 PM

What is the metrics that you take into account before investing in BTC? Do you think about how much it has been rising, what is news is coming up, and your personal belief in crypto?

If we're making an investment in anything not just bitcoin then i think rising price and ROI will be the first thing in our mind, personally i dont really like news because it often comes out after the price already moving however i do take not some big news that can set up a trend for my future investment and i dont think personal belief in any crypto can make any difference in bitcoin investment because as long as the data still build up for bitcoin then i dont need to believe it, i just need to make sure to cover my investment in case it fall down Grin

olushakes

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Quote from: highperspective on November 06, 2017, 03:17:36 PM

What is the metrics that you take into account before investing in BTC? Do you think about how much it has been rising, what is news is coming up, and your personal belief in crypto?

You know what, all those factors there are not applicable when it comes crypto currency in general especially bitcoin because all those ones that are not based on feeling, are based on historical figures while the ones otherwise are based on speculations the two put together, are not enough to alter positions because they are not a determinant of what will happen afterwards. In my own case, the moment I have the fiat available, I am buying

Topic: Considerations before buying BTC (Read 1215 times)