December 2018: Is this a good time to enter bitcoin if you have cash? - page 3.

Kiweikoo

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Quote from: South Park on December 09, 2018, 10:36:07 AM

Quote from: BTCgrinders.com on December 03, 2018, 11:09:07 PM

The bitcoin price index is now 1.000000 XBT = 3,836.92 USD

~1 year ago the price was 1.000000 XBT = 19,916.37 USD

The current price is 19.3% of the previous all-time-high.

Like always there is not a definitive answer to that, if you are able to hold your coins despite the adversity that may come then buying bitcoin at the current prices can be one of the best decisions that you can take in your life, but if you do not have that it is entirely possible that you are going to lose money despite the low price that we are seeing, in that case it will be better for you to not invest in bitcoin.

Depends on how much cash you have too, doesn't it? I mean if you have 100 dollars it doesn't really worth getting into bitcoin between the purchasing and transactions and so forth you will end up with 90 dollars maybe even less, we talk about how amazing bitcoin transactions are compared to other methods but that doesn't really scale back a lot is it.

I mean if you can send a million dollars with 30 dollars fee that is amazing but if you send 100 dollars with 10 dollar fee that's horrible. Not that everything costs like that but when you are dealing with a third world country local exchange the fee for deposit and withdrawal gets to those amounts. Aside from that if you have a lot of cash in hand (anything over a thousand dollars would be fine) than it is a great time to join in.

wuvdoll

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Quote from: exstasie on December 10, 2018, 04:23:53 PM

The past month has been very despair-inducing so that's not surprising. After a year where was price was already down 70%, price dropped in half again and now lots of miners are shutting down. These definitely feel like pretty dark days so everyone is losing hope.

The down fall into half in last 2 weeks felt like never before as prices around $6.5k levels seemed reasonable for most people. When $6.5k zone was sustainable for months then the current level must be a temporary one and most probably markets may bounce back to it sustaining zones at any time. Miners will join back for sure as they are true business people and they will do their business where they could find their big profits. So, this is time to enter or to buy more. No doubts.

Quote from: exstasie on December 10, 2018, 04:23:53 PM

Fortunately, "it's darkest before dawn" usually applies to markets pretty well and this is a necessary part of the process. When everyone has sold because they expect lower, we've already hit the bottom.

Yes, this is the darkest zone in last 2 years and it will move away faster than we could imagine. ETF news may become a savior. Let's hope for best things to happen.

syberwolfen

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Quote from: icecube45 on December 09, 2018, 12:05:50 PM

If you want to enter and buy bitcoin, maybe now is the right time. That's because prices have gone down very far, don't wait for prices to fall again because if at any time prices go up you will lose the opportunity. It's better to immediately buy later if the price drops again to buy again. I am sure that next year prices will recover and continue to rise.

Yes you are right, if the price pumps everyone who are planning to invest in BTC will lose the opportunity. A lot of people are still waiting to see downfall and want to buy for more cheaper yes this is true, one of my friend has idea to buy BTC but he says the may go down and let's wait for few more days. One thing for sure in cryptocurrency is anything can happen over a night.

South Park

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Quote from: icecube45 on December 09, 2018, 12:05:50 PM

If you want to enter and buy bitcoin, maybe now is the right time. That's because prices have gone down very far, don't wait for prices to fall again because if at any time prices go up you will lose the opportunity. It's better to immediately buy later if the price drops again to buy again. I am sure that next year prices will recover and continue to rise.

But those that take the risk of buying cryptocurrencies at the current prices need to be completely sure about what they are doing, if the price went immediately up after they bought then it is going to be very easy for them to hold their coins but if the price keeps going down after they buy they are going to be assaulted by all kind of doubts about their decision and many will sell for an even lower price.

Yaunfitda

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Quote from: Semaj123 on December 10, 2018, 05:05:17 PM

Quote from: mahilchii on December 09, 2018, 12:46:53 PM

Quote from: icecube45 on December 09, 2018, 12:05:50 PM

If you want to enter and buy bitcoin, maybe now is the right time. That's because prices have gone down very far, don't wait for prices to fall again because if at any time prices go up you will lose the opportunity. It's better to immediately buy later if the price drops again to buy again. I am sure that next year prices will recover and continue to rise.

Ofcourse yes, this opportunity will never come again if the value goes up and a lot of them will miss the chance if they don't buy coins in cheap prices now. If the price soars up then a big margin is waiting for you.

Some are probably waiting for the price to go up and definitely those who are riskier person who dares to invest at the moment could have the chance of getting greater amount of profits if things will happen to be soaring by next year.

This. We need a lot of people who's willing to take (calculated) risk to give them a huge windfall in 2-3 years time. So I would definitely say that this is a good time to enter and purchase cheap bitcoins. Remember that we won't see a market in the bears for so long.

There will be a time that it will suddenly make a reversal and we would like to the person who will make a lot of profits when that time come.

Semaj123

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Quote from: mahilchii on December 09, 2018, 12:46:53 PM

Quote from: icecube45 on December 09, 2018, 12:05:50 PM

If you want to enter and buy bitcoin, maybe now is the right time. That's because prices have gone down very far, don't wait for prices to fall again because if at any time prices go up you will lose the opportunity. It's better to immediately buy later if the price drops again to buy again. I am sure that next year prices will recover and continue to rise.

Ofcourse yes, this opportunity will never come again if the value goes up and a lot of them will miss the chance if they don't buy coins in cheap prices now. If the price soars up then a big margin is waiting for you.

Some are probably waiting for the price to go up and definitely those who are riskier person who dares to invest at the moment could have the chance of getting greater amount of profits if things will happen to be soaring by next year.

exstasie

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Quote from: BTCgrinders.com on December 10, 2018, 12:41:37 PM

This is the current results of the poll. Of 16 votes, the majority believes bitcoin will hit the bottom of ~1800. At the time of polling, the price of btc was $3800. It's interesting that not one person believe the price of btc was near the bottom at $3800.

The past month has been very despair-inducing so that's not surprising. After a year where was price was already down 70%, price dropped in half again and now lots of miners are shutting down. These definitely feel like pretty dark days so everyone is losing hope.

Fortunately, "it's darkest before dawn" usually applies to markets pretty well and this is a necessary part of the process. When everyone has sold because they expect lower, we've already hit the bottom.

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$100 of bottom   - 0 (0%)
$500 of bottom   - 1 (6.3%)
$1000 of bottom   - 4 (25%)
$2000 of bottom   - 6 (37.5%)
$3000 of bottom   - 4 (25%)
$5000 (it's going to 0)   - 1 (6.3%)

This is the current results of the poll. Of 16 votes, the majority believes bitcoin will hit the bottom of ~1800. At the time of polling, the price of btc was $3800. It's interesting that not one person believe the price of btc was near the bottom at $3800.

mahilchii

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Quote from: icecube45 on December 09, 2018, 12:05:50 PM

If you want to enter and buy bitcoin, maybe now is the right time. That's because prices have gone down very far, don't wait for prices to fall again because if at any time prices go up you will lose the opportunity. It's better to immediately buy later if the price drops again to buy again. I am sure that next year prices will recover and continue to rise.

Ofcourse yes, this opportunity will never come again if the value goes up and a lot of them will miss the chance if they don't buy coins in cheap prices now. If the price soars up then a big margin is waiting for you.

icecube45

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If you want to enter and buy bitcoin, maybe now is the right time. That's because prices have gone down very far, don't wait for prices to fall again because if at any time prices go up you will lose the opportunity. It's better to immediately buy later if the price drops again to buy again. I am sure that next year prices will recover and continue to rise.

andrerusso

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the tide may be low now but it's still yours to decide. the crypto world never ceases to be a surprise!

South Park

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Quote from: BTCgrinders.com on December 03, 2018, 11:09:07 PM

The bitcoin price index is now 1.000000 XBT = 3,836.92 USD

~1 year ago the price was 1.000000 XBT = 19,916.37 USD

The current price is 19.3% of the previous all-time-high.

Like always there is not a definitive answer to that, if you are able to hold your coins despite the adversity that may come then buying bitcoin at the current prices can be one of the best decisions that you can take in your life, but if you do not have that it is entirely possible that you are going to lose money despite the low price that we are seeing, in that case it will be better for you to not invest in bitcoin.

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Although only 14 people voted, it's kind of surprising that none believes bitcoin is already within $100 of the bottom! $3800 is quite low.

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Quote from: Farma on December 07, 2018, 01:21:10 AM

Quote from: kateycoin on December 06, 2018, 05:21:57 PM

Why not?as we can see the bitcoin price is $3650 so it will good to buy now if you have cash and wait a bull run so you can get great profit from.bitcoin. Don't wait that the bitcoin reach high price that you can't afford so grab the opportunity now as long you can afford it.

I might not do it now. well, maybe for some people this is an opportunity, but I am waiting for a pretty good news before returning to the opportunity to collect enough bitcoin. well, but you might have other choices, because many people say that 2019 will be a backlash.

Lol. For those expressing disappointment of not being given a chance to buy btc during it's early days, well this is your chance 🤣 though it's not bad to observe a little more since most indicators point to further bottoms for this year. That's cheaper coins for you.

Shinpako09

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Depends on your guts but if I were in your situation i'll wait a little more but this price is good to enter already. It's just, I think the fall isn't done yet but of course I could be wrong. The price seems good, if the price fall after you bought, you might wait a little longer but no worries for sure we will have a rise soon.

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Quote from: kateycoin on December 06, 2018, 05:21:57 PM

Why not?as we can see the bitcoin price is $3650 so it will good to buy now if you have cash and wait a bull run so you can get great profit from.bitcoin. Don't wait that the bitcoin reach high price that you can't afford so grab the opportunity now as long you can afford it.

I might not do it now. well, maybe for some people this is an opportunity, but I am waiting for a pretty good news before returning to the opportunity to collect enough bitcoin. well, but you might have other choices, because many people say that 2019 will be a backlash.

KrishaBitcoin

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So sad that most of the crypto users are not buying this 80% off from the last year price of $19k. This is maybe many are already leave the crypto currency investments in dismay or people are afraid to join this investments because they might thinking Bitcoin is dying therefore there is no timeline for buying it cheap as the price of Bitcoin is already affordable to purchase.

Febo

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Quote from: Wilhelm on December 04, 2018, 10:11:29 AM

Quote from: Febo on December 04, 2018, 10:07:28 AM

Quote from: BTCgrinders.com on December 03, 2018, 11:09:07 PM

Is this a good time to enter bitcoin if you have cash?

The bitcoin price index is now 1.000000 XBT = 3,836.92 USD

~1 year ago the price was 1.000000 XBT = 19,916.37 USD

The current price is 19.3% of the previous all-time-high.

You calculated it yourself. It is 5 times better to buy bitcoin as it was a year ago. No to mention that USD lost some value in last year. Let me add this. Now and all 2019 will be perfect time to buy Bitcoin. 5 years from now will not matter if you bought at $4000 or at $2000 or at $8000. All these numbers will look totally the same.

It will matter as much as "a house", "a mansion" or "an estate" Grin

If it will matter for a house or a mansion then you will be super rich in any option you choose.

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Quote from: Bonsaiav on December 06, 2018, 04:56:13 PM

Quote from: BTCgrinders.com on December 03, 2018, 11:09:07 PM

The bitcoin price index is now 1.000000 XBT = 3,836.92 USD

~1 year ago the price was 1.000000 XBT = 19,916.37 USD

The current price is 19.3% of the previous all-time-high.

In the future, maybe a moment like this will be something rare or difficult for us to find, because price fluctuations are very difficult for us to predict. For me, this is the right time to convert cash into the bitcoin format, but not for them especially those who expect the price of bitcoin to fall lower, so someday they can buy large amounts of bitcoin at low prices.

We all have our own strategies and techniques, whether investing with high or low amounts, diversification or the other way around. All of this gives profit, difference is the amount of the profit. I, for example have decided to invest but only in low amount because even if I believe that bitcoin will rise again, I still mind seeing my money getting stock up for months. I can't consider my source of income as a stable job so I only stock small chunks of meat in the freezer. There is no certainty that bitcoin will rise again this month or early next year and that it will pump gain so there really is too many factors to consider before investing.

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Quote from: cluit on December 04, 2018, 10:58:32 AM

It is never a good time to go all in on any investment at any given time.

If you have some cash that is big enough to divide into couple pieces the smartest move would be investing only a part of it right now and watch what happens.

If a person invested all of his investments at 20 thousand dollars he would be so much in trouble right now however if he invested a bit at 20 and a bit at 10 and a bit at 6 he would have had some middle ground there and if that person kept investing at 6 and even continued to this day at 4 right now he would move so much further away from 20 thousand dollar times.

Hence, even if it looks like it is 4 thousand dollars and everything is going great, do not put all your money there all at the same time. Just invest a bit more and wait around, I think January is looking great.

So, you are telling him to split his investment into smaller parts? Well, this could work out. Since, you are investing lower amount, you are risking less and have more risk control compared to going all in. But, do keep in mind that, the lower your risk, the lower is the profit. If you want to make higher profit, then you will have to go all in and deal with the high risk that comes along. Either way, you are gambling with your investment and it is up to you how much you are willing to risk.

Topic: December 2018: Is this a good time to enter bitcoin if you have cash? - page 3. (Read 21886 times)