Actually,i'm deciding to buy bitcoins only after seeing its previous performance and its huge rise in price within a small span of time.I could feel hat my investment in bitcoins is safe in my wallet unless i reveal my private keys.
But since its price is very high now,i would just see whether there is a chance of price drop due to events like hard forks and price of bitcoin drops just like it dropped before august 1 hard fork.
But still if i don't find any such chance,then i would just buy bitcoins without delaying more.
Topic: Considerations before buying BTC - page 4. (Read 1161 times)
You should think and take care of a lot of things before investing in bitcoin, maybe you are wanting to invest because you can make easy money with cryptocurrencies, but it is still so risky, you can lose your money at any time if you are a newbie and if you dont even know how does the market works.
Better to buy some guides or watch some videos about bitcoin before buying some, you are never going to stop learning because bitcoin is a very extensive lesson.
Better to buy some guides or watch some videos about bitcoin before buying some, you are never going to stop learning because bitcoin is a very extensive lesson.
The first and foremost consideration one has to have before buying bitcoins is how much bitcoins will the person going to buy and where is he going to save the bitcoins because security is very important when it comes to saving bitcoins. One must also make sure they will be needing the money they spent on Bitcoin anytime soon.
Agree:
Two important things:
Only invest in what you can afford to loose, btc very volatile.
I will advise to keep you btc on a trezor.
I will also add that you better wait for the btc price correction before buying btc again. don't be a FOMO
Doing this will lessen your loss if price reversal happens
Just don't predict the market, ride it
The first and foremost consideration one has to have before buying bitcoins is how much bitcoins will the person going to buy and where is he going to save the bitcoins because security is very important when it comes to saving bitcoins. One must also make sure they will be needing the money they spent on Bitcoin anytime soon.
Agree:
Two important things:
Only invest in what you can afford to loose, btc very volatile.
I will advise to keep you btc on a trezor.
For me it's just the cash, really. While there's a lot of potential to be held within bitcoin and cryptocurrencies as a whole, it still needs a bit of time to really revolutionize the economy by a large margin. Currently it's a very promising project that will open a lot of doors to new solutions to everyday transactions and economics as a whole. But like I said, for me it's mostly money now. Of course I also take a gander at the news regarding the exchange rate and whatnot, it's important for me.
The first and foremost consideration one has to have before buying bitcoins is how much bitcoins will the person going to buy and where is he going to save the bitcoins because security is very important when it comes to saving bitcoins. One must also make sure they will be needing the money they spent on Bitcoin anytime soon.
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?
I'm focusing on the bigger picture. Sure, it can bring short term profits but it's the big picture that makes me hold onto it when the price drops. I always read as much as I can trying to figure out why the prices decreased or increased and have my own view instead of trying to follow the crowd. .
I have invested because I could see how BTC is changing the world and how popular it's becoming. I've put my money into it long ago and haven't sold even when I was at a loss.
You have a point on that. Because if you look at it at short-term basis and you're monitoring the trend every minute or every hour, you will go crazy.
Because once the BTC drops a lil bit, you will feel that you lost something that you should have sold it earlier.
And also, don't rely entirely with your BTC investments, like you put all of your life savings into this.
Because if something goes awry, at least you will not regret for the rest of your life.
The paty you will follow is extremely dangerous, let me say. You can't trust bitcoin 100% clearly and you can't know what's gonna happen in the future. It can start a decline trend once again and this would be very bad for you honestly if you go with all in by getting bitcoin.
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?
I'm focusing on the bigger picture. Sure, it can bring short term profits but it's the big picture that makes me hold onto it when the price drops. I always read as much as I can trying to figure out why the prices decreased or increased and have my own view instead of trying to follow the crowd. .
I have invested because I could see how BTC is changing the world and how popular it's becoming. I've put my money into it long ago and haven't sold even when I was at a loss.
That is great you have not sold and I hope you do not sell it all once it reaches a million because it can go further then I thnk instead of people selling they should buy with bitcoin, if everyone is looking at this as just to dump, then yeah I will be expecting a pop the bubble on the bitcoin charts.
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?
I think about all of these things before investing into BTC. Initialing I invested into bitcoin because I have a strong belief that this is the way of the future and a better financial system for the world's financial ecosystem worldwide. However, times to buy more or maybe try to sell high and buy low along the rollercoaster of value that is BTC, I look at what has happened in the news and the graph of how much it has gone up or down recently. In the long-term I believe it will all go up, however the short run price looks like it is in large part due to news and what happens with the community if bitcoin... such as the this upcoming and past forks. Good luck too you.
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?
I'm focusing on the bigger picture. Sure, it can bring short term profits but it's the big picture that makes me hold onto it when the price drops. I always read as much as I can trying to figure out why the prices decreased or increased and have my own view instead of trying to follow the crowd. .
I have invested because I could see how BTC is changing the world and how popular it's becoming. I've put my money into it long ago and haven't sold even when I was at a loss.
You have a point on that. Because if you look at it at short-term basis and you're monitoring the trend every minute or every hour, you will go crazy.
Because once the BTC drops a lil bit, you will feel that you lost something that you should have sold it earlier.
And also, don't rely entirely with your BTC investments, like you put all of your life savings into this.
Because if something goes awry, at least you will not regret for the rest of your life.
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?
I think you should do all of those things, but in the end you really need to ask yourself if you believe in project, because if you don't, then you are just coming in for it's price, and if everyone does that, then someone will eventually lose money. I would say that if you believe in the project and you want to be a long term holder, then you can actually buy it at anytime you want. Of course that since BTC is so volatile, if you get it for a good lower price, it's better for you since you get more coins. Right now I would wait for the fork to pass, because BTC price will probably get some kind of correction.
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?
Considerations before buying btc? Then I would definitely find the lowest possible price range on that particular day.We do know its hard but its possible to find out but would really matter on your knowledge and also I'm a trader for how many years. Always buy on lower prices for later on profits when the price do hit up again.Im an active buyer and seller of bitcoin which I do earn bitcoin on doing it not on constant basis but winning rate or profitable trades is always higher than on losing trades but if you are going for long term then there no need to do these kind of steps. 
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?
I'm focusing on the bigger picture. Sure, it can bring short term profits but it's the big picture that makes me hold onto it when the price drops. I always read as much as I can trying to figure out why the prices decreased or increased and have my own view instead of trying to follow the crowd. .
I have invested because I could see how BTC is changing the world and how popular it's becoming. I've put my money into it long ago and haven't sold even when I was at a loss.
The only considerations before i bought my Bitcoins is i checked first the way it goes up and down in the graph like for example this week max cap price was 7500+ and now the price is 7080+ so this is a perfect time to buy Bitcoin while it is low and i am sure that upon holding those bought Bitcoin, price will go up again passing 7500+. I don't consider the news or articles about Bitcoin i just buy with my guts and hoping to profit in the long term.
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?
The only reason that made me to invest in bitcoin and other crypto currency is to make PROFIT from my investment. My personal believe about crypto currency is that, I strongly believe that bitcoin will continue to grow from strength to strength and so shall it continue.
If you plan to hold long time, as most of us do, there s no metrics to consider. Just buy, store safely, wait and profit.
If you do plan to get in, I d wait after the mid of this month, since the price should retract a bit after this SegWit2x fork.
If you do plan to get in, I d wait after the mid of this month, since the price should retract a bit after this SegWit2x fork.
The only considerations there should be before buying BTC are ones in terms of safety and security. Do your homework with what is involved in the world of cryptocurrencies. If you can do this then you are well on your way to starting to buy and hold BTC. Make sure you take your time understanding why your private keys are so important. This is key to storing your wealth.
I buy bitcoin in the first place because of ideological reasons. I don't like the monopoly of our country to print money and control the banks! My Bank account can block at any time simply because the Bank will not have money to pay me! This is wrong, and so I keep my money in bitcoins.
I thought that i was never going to say this, but this is the perfect scenario to buy bitcoins, the price is bleeding a lot and it needs to recover a bit, but p robably it will go down by some hundreds before the new fork.
If you are looking to invest some money, do it now, you can take an easy 10% when it recovers on a few days from now, dont be dumb, this is the perfect money and i think that i will buy one more bitcoin tomorrow, because it is still so cheap.
If you are looking to invest some money, do it now, you can take an easy 10% when it recovers on a few days from now, dont be dumb, this is the perfect money and i think that i will buy one more bitcoin tomorrow, because it is still so cheap.
Personally, I'm investing in bitcoin only think about the profit it can bring me.
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