I would not buy bitcoin (or any other cryptocurrency) when it standing that high in its price.
Waite for a deep and buy it then.
Topic: Does it make any sense to buy Bitcoin now? - page 18. (Read 1838 times)
I think so. Let's assume that Btc now is cheap prize 17699$ when we compared to the coming prize assuming of 20000$ in 2018 January. Just a presumption.
The value limit for the bitcoin is not fixed, the bitcoin value is still raising even it was very low as compare to the value before 2 months ago. In two month the value raised at this stage that no body was predict before. So the sense of the buying of the bitcoin is still very good and can be continue as the value is still raising. If the limit of the bitcoin value is fixed and bitcoin have get the value then the sense of the buying may effect.
In my opinion, yes it does make sense to buy bitcoin now, for the past few months at around $3k, we thought that the price was already high and there are a lot of speculations that the bubble will burst, but, the opposite happened and the price even grew exponentially. Even though it has all the signs of a bubble, it still has the potential to replace fiat in the future and the technology behind it is very useful across the globe. Bitcoin is a revolution in this modern generation just like Internet, smartphone, and other things that we thought before has no value.
Does it make any sense to buy Bitcoin now? Isn't the price too high? Will it ever offer 30 000% returns?
The problem is that everyone wants to earn so much returns on their investment that they believe. they are living back in 2010 but things have changed over the past. Bitcoin market cap is nearly $ 298,831,741,200 at this stage, the potential to rise more is getting narrow everyday. Bitcoin still holds the potential of raising your money to 2x-3x but 30,000% return is really unbelievable now. But this could also be possible but for reaching that goal it may take nearly a decade to achieve that amount.
Asking this question is like asking in Playstation board/forum whether to buy Playstation or not.
If u ask it here, I think most will encourage u to buy.
Not pouring cold water to anyone, is a bit tricky to know when btc bubble bursts... but sooner or later it will for sure.
As the price is really high now, once the bubble bursts, other crypto will more or less affected as well. (Due to fear or spread of media)
I will just post a story for people to read.. of course some may feel is not really link to btc etc.. but then I feel is worth the share.
Some might probably knew too. Sorry for my English, as it is not my first language.
A lot of pikachus lived near a village.
Pikachu is worth around $2 to few dollars.
One day a merchant came to the village to buy these pikachus!
He announced that he will buy it @ $100 each.
The villagers thought that this man is mad.
They thought how can somebody buy wild pokemon at $100 each?
Still, some people caught some and gave it to this merchant and he gave $100 for each pikachu.
This news spread like wildfire and people caught pikachus and sold it to the merchant.
After a few days, the merchant announced that he will buy pikachu @ 200 each.
The lazy villagers also ran around to catch the remaining pikachu!
They sold the remaining @ 200 each.
Then the merchant announced that he will buy pikachus @ 500 each!
The villagers start to lose sleep! ... They caught six or seven pikachu, which was all that was left and got 500 each.
The villagers were waiting anxiously for the next announcement.
Then the merchant announced that he is going home for a week. And when he returns, he will buy pikachu @ 1000 each!
He asked his employee to take care of the pikachus he bought. He was alone taking care of all the pikachus in pokeballs.
The merchant went home.
The villagers were very sad as there were no more pikachu left for them to sell it at $1000 each.☹
Then the employee told them that he will sell some @ 700 each secretly.
This news spread like fire. Since the merchant buys pikachu @ 1000 each, there is a 300 profit for each pikachu.
The next day, villagers made a queue near the employee.
The employee sold all the pikachus at 700 each. The rich bought pikachus in big lots. The poor borrowed money from money lenders and also bought pikachus!
The villagers took care of their pikachus & waited for the merchant to return.
But nobody came! Then they ran to the employee.
But he has already left too !
The villagers then realised that they have bought the useless wild pikachu @ 700 each and unable to sell them!
It will make a lot of people bankrupt and a few people filthy rich in this pikachu business.
That' how it will work.
If u ask it here, I think most will encourage u to buy.
Not pouring cold water to anyone, is a bit tricky to know when btc bubble bursts... but sooner or later it will for sure.
As the price is really high now, once the bubble bursts, other crypto will more or less affected as well. (Due to fear or spread of media)
I will just post a story for people to read.. of course some may feel is not really link to btc etc.. but then I feel is worth the share.
Some might probably knew too. Sorry for my English, as it is not my first language.
A lot of pikachus lived near a village.
Pikachu is worth around $2 to few dollars.
One day a merchant came to the village to buy these pikachus!
He announced that he will buy it @ $100 each.
The villagers thought that this man is mad.
They thought how can somebody buy wild pokemon at $100 each?
Still, some people caught some and gave it to this merchant and he gave $100 for each pikachu.
This news spread like wildfire and people caught pikachus and sold it to the merchant.
After a few days, the merchant announced that he will buy pikachu @ 200 each.
The lazy villagers also ran around to catch the remaining pikachu!
They sold the remaining @ 200 each.
Then the merchant announced that he will buy pikachus @ 500 each!
The villagers start to lose sleep! ... They caught six or seven pikachu, which was all that was left and got 500 each.
The villagers were waiting anxiously for the next announcement.
Then the merchant announced that he is going home for a week. And when he returns, he will buy pikachu @ 1000 each!
He asked his employee to take care of the pikachus he bought. He was alone taking care of all the pikachus in pokeballs.
The merchant went home.
The villagers were very sad as there were no more pikachu left for them to sell it at $1000 each.☹
Then the employee told them that he will sell some @ 700 each secretly.
This news spread like fire. Since the merchant buys pikachu @ 1000 each, there is a 300 profit for each pikachu.
The next day, villagers made a queue near the employee.
The employee sold all the pikachus at 700 each. The rich bought pikachus in big lots. The poor borrowed money from money lenders and also bought pikachus!
The villagers took care of their pikachus & waited for the merchant to return.
But nobody came! Then they ran to the employee.
But he has already left too !
The villagers then realised that they have bought the useless wild pikachu @ 700 each and unable to sell them!
It will make a lot of people bankrupt and a few people filthy rich in this pikachu business.
That' how it will work.
How long does one wait until the price drops if it even drops to a level that you are looking for? I think if you have the funds to buy bitcoin then just go ahead and buy it.
Will it ever offer the crazy % return that we have seen already? maybe as you never know what is around the corner, I think we will see the price at least double in the short term.
Will it ever offer the crazy % return that we have seen already? maybe as you never know what is around the corner, I think we will see the price at least double in the short term.
Does it make any sense to buy Bitcoin now? Isn't the price too high? Will it ever offer 30 000% returns?
No you can buy bitcoin at any time all time is good price now more than 18,000$ and can be about 20,000$ next three days.
crash must happen so thinking carefully
Does it make any sense to buy Bitcoin now? Isn't the price too high? Will it ever offer 30 000% returns?
people always check the current price bitcoin and always ended up not buying because they think that bitcoin price are already high. If you are going to buy right, you can still make profit in a long term goal.
like the poster above me said, it depends on your goal, if it's for a long term investment (buy, store and forget) it is indeed the right moment to buy because from now on it can only increase the value (with some drops here and there), for trading? well, it's a bit too high but you can always try with a small amount of cash and see.
The basic idea is to buy and forget, long term investment and don't listen to FUDS around, invest what you can lose and live happily!
The basic idea is to buy and forget, long term investment and don't listen to FUDS around, invest what you can lose and live happily!
Does it make any sense to buy Bitcoin now? Isn't the price too high? Will it ever offer 30 000% returns?
If you are in a situation of buying and selling and gain early profits then this price is too high for you but if you have patience and you are long term hodler then this price is also good for you because these thoughts emerge on everyone's mind even if the price is low. So anytime is best if you are long term hodler and returns will be unimaginable so the choice is yours.
You can still buy believing that it will grow to your profit.
Yeah, you can buy bitcoin now because still so many institutional investors are not yet started investing bitcoin. This will be started once CAME, Nasdaq start its futures and ETF approvals are still pending.
O yes it really makes sense, because now is the largest amount of btc that is growing, and btc is very fast to earn now because of many investors and increasing of the value of btc. People are now getting rid about it because it is very expensive to sold, and it is just one btc how much more if it grows and grow.
I prefer to wait until holidays when people forget about crypto and price will fall
Why would people forget about the cryptocurrencies after holidays? That makes no sense to me.
Anyway, now isn't exactly perfect time for buying Bitcoins the price is heading towards 18000$ and more but still if you have some extra funds to invest, go for it. This is not the peak of Bitcoin price and I beleive next year the price could go to 25000$ so it's still not too late to invest, it's just expensive.
Doesn't make sense to me either. This last thanksgiving actually showed an immense rise in BTC interest (googletrends) and price.
No it doesn't make any sense to buy bitcoin at absurdly high prices
Get a time machine and pick up some bitcoin from 2010.
Its already gone up 6,000,000 x its original price. Yes 6 million! Normally 2x-10x is a great return. Even if bitcoin somehow climbed all the way to $100,000 that would still only be a 6x increase from where it is.
When you think about how it has gone up 6 million times its original price and realize how little room there is for it to keep going, it starts to make more sense to SELL bitcoin than to buy it. Why would you want to buy at the very highest price?
Now is the time to SELL!
Get a time machine and pick up some bitcoin from 2010.
Its already gone up 6,000,000 x its original price. Yes 6 million! Normally 2x-10x is a great return. Even if bitcoin somehow climbed all the way to $100,000 that would still only be a 6x increase from where it is.
When you think about how it has gone up 6 million times its original price and realize how little room there is for it to keep going, it starts to make more sense to SELL bitcoin than to buy it. Why would you want to buy at the very highest price?
Now is the time to SELL!
Does it make any sense to buy Bitcoin now? Isn't the price too high? Will it ever offer 30 000% returns?
Why it wouldnt ? probably ( or even better ) is for sure that bitcoin will be more valuable on Jan 1st.
New year new price, remember what I'm saying.
Better buy bitcoin than start the other business bcos price of bitcoin can riseup higher so we can.get a bigger profit. If the other businesss we have to wait many yeara to get a big profit
It's still not too late to buy Bitcoin. Because in the long term Bitcoin will grow tens of times. However, in the short term, you can wait for a correction, which most likely will not be until January next year. It's up to you to buy or not now. Nobody can say you clearly.
I prefer to wait until holidays when people forget about crypto and price will fall
Why would people forget about the cryptocurrencies after holidays? That makes no sense to me.
Anyway, now isn't exactly perfect time for buying Bitcoins the price is heading towards 18000$ and more but still if you have some extra funds to invest, go for it. This is not the peak of Bitcoin price and I beleive next year the price could go to 25000$ so it's still not too late to invest, it's just expensive.
Does it make any sense to buy Bitcoin now? Isn't the price too high? Will it ever offer 30 000% returns?
Why not ?
For how long will this question will be asked repeatedly?
Every time i see this question , i come up with one question .. Aren't you aware of the market and bitcoin's value . It is never a bad time to buy bitcoin . You are definitely going to get some profit sooner or later . You must take the inspiration from the old holders who had that patience and persistence to hold bitcoin when it was just $100 or below.
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