Topic: Don't Buy Bitcoin Now - At USD6000 - page 2. (Read 2511 times)
No need to stop buying of bitcoin for simple reasons that won't affect the reality life. Unlike the price its good to buy bitcoin to profit through it. Also it has provided useful resources the availability of buying bitcoin according to the affordability. So rather than giving consideration to the price it's good to buy expecting profit.
To be honest, I don't feel like that. It’s going to be worth a billion dollars next year, just buy, buy, buy or regret later. Its going to be 8k-10k by january. Buy now, Never too late for BTC.
Why not. How if bitcoin in few months later really becomes $10K. Of course that means we have lost potential for big profits. There is no doubt that bitcoin values continue to bolt from day to day.
I dont think like that if theme is about volatile cryptocurrencies. Price should rise when there is demand that created by value. If people gonna to overestimate the power of blockchain,speculators will continue do their tricks over charts
Why not. How if bitcoin in few months later really becomes $10K. Of course that means we have lost potential for big profits. There is no doubt that bitcoin values continue to bolt from day to day.
If you buy now before the fork in November it will be better, cause bitcoin is trying to find its way to $8k and which might be possible be fore the year runs out. And when that happens, will it be wise at that time to buy @ $8k. 
Actually if people bought it at this price they would still have a lot of profit right now i mean 1.5k profit for each bitcoin if you bought it at a price of 6k that is a lot maybe not as lot as 3.2k or even less but profit is profit so buy how many you can!
Well I guess you are in the wrong right there, mate. See how much Bitcoins earn now? I, myself, is really surprised with the value of money I have right now because of Bitcoins' price that keeps soaring high. There are huge possibilities that it will continually grow till the very last quarter, hence, I am here to stay whatever Bitcoins I have. It is just so evident to me that this will steadily grow for more weeks.
The only real growth in the world's wealth is when one more ear of corn sprouts in your wheat field, when your cow born a calf, when one more honey bee brings honey to its hive.Bitcoins moving from $8 to $7100 creates no wealth.
Please, being in the winning side, you should later consider doing a little more charity to the poor. Don't pity the fools whose money went from their wallets to yours - they should be taught a lesson about the consequences of Greed.
Well I guess you are in the wrong right there, mate. See how much Bitcoins earn now? I, myself, is really surprised with the value of money I have right now because of Bitcoins' price that keeps soaring high. There are huge possibilities that it will continually grow till the very last quarter, hence, I am here to stay whatever Bitcoins I have. It is just so evident to me that this will steadily grow for more weeks.
Buy at anypoint untill 13th of november ,cause people will buy untill then no matter what.
Altcoin will drop by price and btc will be high as usal.
So buy now and donot re great.
A hard fork means your BTC would now be in both blockchains; but it is simple common sense that one of the two ledger must be invalidated in order that bitcoin is to be trusted - and survive. If the two forks last for years and I have my UTXO (unspent coins) in both ledger, that means both ledgers have been compromised. One must die off! Or one becomes the alt coin. Altcoin will drop by price and btc will be high as usal.
So buy now and donot re great.
not at all. altcoins have survived for many years and their survival never meant bitcoin to be invalidated. they remain as an "alternative" and the main thing forever will remain bitcoin until years from now something better comes along.
these forks are also temporary hiccups. after some short time they will just go into the list of "failed attempts" beside hundreds of others.
If wealth could be so easily created through just a digital fork, indeed blockchain technology is the next big thingy since the Lord God created the Heavens and the Earth in the legendary six days.
I have yet to buy into all these talk about blockchain technology, etc. About how BTC will be with us till the end of time. I don't even buy that Bitcoin is of any use contributing any benefits to society. Internet, digital technology of course would and should be to our benefit.
Buy at anypoint untill 13th of november ,cause people will buy untill then no matter what.
Altcoin will drop by price and btc will be high as usal.
So buy now and donot re great.
A hard fork means your BTC would now be in both blockchains; but it is simple common sense that one of the two ledger must be invalidated in order that bitcoin is to be trusted - and survive. If the two forks last for years and I have my UTXO (unspent coins) in both ledger, that means both ledgers have been compromised. One must die off! Or one becomes the alt coin. Altcoin will drop by price and btc will be high as usal.
So buy now and donot re great.
not at all. altcoins have survived for many years and their survival never meant bitcoin to be invalidated. they remain as an "alternative" and the main thing forever will remain bitcoin until years from now something better comes along.
these forks are also temporary hiccups. after some short time they will just go into the list of "failed attempts" beside hundreds of others.
I personally think BTC is a SELL at the moment. I will buy back in after the inevitable correction...which, by the way, I'd be VERY surprised if it wasn't comfortably below 6k. I'm thinking 4.5-5k.
It will rise again for sure, and it will reach these levels again. It's still a good long term investment, but short term trading it's a sell - the bulls are tired...a fork is pending...it's headed down.
It is not easy to do. The number of available coins on the market are easy to calculate. Whales know how many coins you have and therefore can always keep costs down until you need money and you sell your coins. when all coins will be in their hands, they will cease to sell and raise the price. It will rise again for sure, and it will reach these levels again. It's still a good long term investment, but short term trading it's a sell - the bulls are tired...a fork is pending...it's headed down.
There is a simple strategy to make money by just a simple controlled buying and selling strategy. It works for stocks, forex as well as for bitcoins - for the super rich.
1) First acquire large amount of bitcoins. They are now the so called whales (those owning large number of BTC) who are the 1% very intelligent, sharp and very rich speculators - think George Soros. They are also smart to know that there are very alluring aspect of bitcoins to the small 99 % mass speculators/investors.
2) Use the simple : "Buy Furious Sell Patiently Strategy" repeatedly over a period.
It works this way.
a) Plan pushing the market up - say for a year (bitcoin has risen from May 2016 till present for 1½ years).
b) Say for a 16 hr trading cycle per day, buy X BTC in 4 hr EVENLY. Sell the same X BTC in the next 12 hr EVENLY - like a robot.
c) Repeat the same pattern of buying in a short period and off-loading the same amount in a much longer period. The pattern of 16 hr cycles per day is just a suggestion. It could be buying in 1 day and off loading in the next 3 days the same number BTC.
d) In this manner, throughout the 1 - 1½ year, the whale manipulators do not increase its holding of BTC.
This strategy in general will make the whales a profit as - on average - he would be buying low and selling high for 1½ years WITHOUT the need to increase his BTC holdings.
e) NOW, after the 1½ year of pushing up the market, the price should be at its peak - USD 7000.
f) It is now the time for the SLOW KILL.
Use the strategy of OFF LOADING HIS large holding of BTC - over a long period of 3 YEARS :
SELL A LARGE AMOUNT EVENLY OVER 3 YEARS:
Sell X BTC per day for 3 years.
No strategy needed. Just do it as if by robots. He would - on average - be selling at highs what he bought at lows. It is not Quantum Mechanics, but simple averaging and probabilities.
That's how the top 1% outplays the other 99%.
1) First acquire large amount of bitcoins. They are now the so called whales (those owning large number of BTC) who are the 1% very intelligent, sharp and very rich speculators - think George Soros. They are also smart to know that there are very alluring aspect of bitcoins to the small 99 % mass speculators/investors.
2) Use the simple : "Buy Furious Sell Patiently Strategy" repeatedly over a period.
It works this way.
a) Plan pushing the market up - say for a year (bitcoin has risen from May 2016 till present for 1½ years).
b) Say for a 16 hr trading cycle per day, buy X BTC in 4 hr EVENLY. Sell the same X BTC in the next 12 hr EVENLY - like a robot.
c) Repeat the same pattern of buying in a short period and off-loading the same amount in a much longer period. The pattern of 16 hr cycles per day is just a suggestion. It could be buying in 1 day and off loading in the next 3 days the same number BTC.
d) In this manner, throughout the 1 - 1½ year, the whale manipulators do not increase its holding of BTC.
This strategy in general will make the whales a profit as - on average - he would be buying low and selling high for 1½ years WITHOUT the need to increase his BTC holdings.
e) NOW, after the 1½ year of pushing up the market, the price should be at its peak - USD 7000.
f) It is now the time for the SLOW KILL.
Use the strategy of OFF LOADING HIS large holding of BTC - over a long period of 3 YEARS :
SELL A LARGE AMOUNT EVENLY OVER 3 YEARS:
Sell X BTC per day for 3 years.
No strategy needed. Just do it as if by robots. He would - on average - be selling at highs what he bought at lows. It is not Quantum Mechanics, but simple averaging and probabilities.
That's how the top 1% outplays the other 99%.
Those rich people were not kind of people sitting in front of their computer for more than 10 minutes, if I have 10 million that I can make another 10 million in just 2 weeks why would I do that for almost 6 years sitting in front of computer every 4 hours, contemplating my grand strategy to make another 10 million in 6 years, if you put small amount into the market you be caught by another whales that have different strategy probably against your strategy
I agree, the whole market is being controlled by whales and rich people.
If a big whale wants the bitcoin price to go 100$ higher, he can do it easily.
Also , we should take into consideration that the bitcoin market cap is not really 120B$, because there is a large amount of lost bitcoins(I would guess around a million of bitcoins are lost), so whales have a larger control over the market.
With the average trading volume of about 1.5B$ A day, it is possible for someone who has 2B$ ready to be invested, to easily increase the price in a thousand dollars or more.
I personally think BTC is a SELL at the moment. I will buy back in after the inevitable correction...which, by the way, I'd be VERY surprised if it wasn't comfortably below 6k. I'm thinking 4.5-5k.
It will rise again for sure, and it will reach these levels again. It's still a good long term investment, but short term trading it's a sell - the bulls are tired...a fork is pending...it's headed down.
It will rise again for sure, and it will reach these levels again. It's still a good long term investment, but short term trading it's a sell - the bulls are tired...a fork is pending...it's headed down.
i don't know if you wrote this before and now you are copy pasting it but price is >$7100 now
oh and by the way, price going from (for example) $0.01 to $1 may seem like nothing to you NOW but it is exactly the same as price going from $1000 to $99,000. that would be the exact same 9900% rise
For many years from 2009 to 2013 the price was about USD 8.
you should check the charts sometime because you couldn't be more wrong.oh and by the way, price going from (for example) $0.01 to $1 may seem like nothing to you NOW but it is exactly the same as price going from $1000 to $99,000. that would be the exact same 9900% rise
My figures are from :
https://charts.bitcoin.com/chart/price.
They showed USD 8.00. If you think you have the data, just show - don't do one-liner. Share your great knowledge with the rest of us.
I don't care about the USD 7100 figure "now". I suspect you are the type trying to talk the market up.
And you are the type that does the opposite?
To preddict the market, we have to pay attention to the more stable prices before and after Mt. Gox in 2013/2014.
~snip~
"Don't buy now".
It may even be wise to lock in some "real" fiat money instead.
Another question that others should ask:
"Where does this USD 6000 quote come from?".
Is it really true that there is a "spot" market between BTC and USD. But how can trading exchanges give spot quotes when a bitcoin confirmation of 6 blocks may take hours? So we have to know how "spot" real is the USD 6000/BTC that we are given.
Also ask:
"If you want to sell your bitcoins now, would the orders get through with confirmation?"
"How long does the sell confirmation takes?"
"Are there real buyers at current prices?"
~snip~
"Don't buy now".
It may even be wise to lock in some "real" fiat money instead.
Another question that others should ask:
"Where does this USD 6000 quote come from?".
Is it really true that there is a "spot" market between BTC and USD. But how can trading exchanges give spot quotes when a bitcoin confirmation of 6 blocks may take hours? So we have to know how "spot" real is the USD 6000/BTC that we are given.
Also ask:
"If you want to sell your bitcoins now, would the orders get through with confirmation?"
"How long does the sell confirmation takes?"
"Are there real buyers at current prices?"
There is no connection between MT. Gox and current price, exchanges have to pay attention to their security and keep most bitcoin in cold storage.
Do not buy at $6000?
Current price is $7100, LoL
Bitcoin price gain more value in the last few months compare to bitcoin journey in the last 7 years.
And bitcoin will continue to rise over $8K in this year I guess. What about in 2018? and you said do not buy.
Well, I prefer to sell instead of buy
If the price of bitcoin moves to the 6000$ means,investor will get happy.Since the price will move towards 8000$ after the fork.If the price is reduce before the fork means ,it's luck for the investor and the new investors. After the fork the price will reach 8000$ sure.
First of all I don't know what people mean when they say the bitcoin is overpriced. Bitcoin has the value that users are willing to pay for it and it can't be overpriced. What will happen after the fork next week no one can't say for sure but to some predictions we might expect the price dump but very soon afterwards also the price pump. And to bux or not depends if you have shoet term or long term profit strategy. Anway, look at the bitcoin price as a game that changes all the time and be flexible.
For pure breed speculators, there is no concept of a market being overpriced or under-priced. Only market analysts talk about over or under priced, PE ratios, candle stick charts, etc; they never put the money where their mouth is! The true speculators only ask:
How do I now make money in this Bitcoin market?
They don't care if Bitcoin now is at $8 or $7000; they only ask how to make the most money out of what is happening.
For the true speculators, there is neither short nor long term strategy; there is only the strategy of profit.
For governments, the rate of USD/Yuan does matter - it could be overpriced or under-priced.
To preddict the market, we have to pay attention to the more stable prices before and after Mt. Gox in 2013/2014.
~snip~
"Don't buy now".
It may even be wise to lock in some "real" fiat money instead.
Another question that others should ask:
"Where does this USD 6000 quote come from?".
Is it really true that there is a "spot" market between BTC and USD. But how can trading exchanges give spot quotes when a bitcoin confirmation of 6 blocks may take hours? So we have to know how "spot" real is the USD 6000/BTC that we are given.
Also ask:
"If you want to sell your bitcoins now, would the orders get through with confirmation?"
"How long does the sell confirmation takes?"
"Are there real buyers at current prices?"
~snip~
"Don't buy now".
It may even be wise to lock in some "real" fiat money instead.
Another question that others should ask:
"Where does this USD 6000 quote come from?".
Is it really true that there is a "spot" market between BTC and USD. But how can trading exchanges give spot quotes when a bitcoin confirmation of 6 blocks may take hours? So we have to know how "spot" real is the USD 6000/BTC that we are given.
Also ask:
"If you want to sell your bitcoins now, would the orders get through with confirmation?"
"How long does the sell confirmation takes?"
"Are there real buyers at current prices?"
There is no connection between MT. Gox and current price, exchanges have to pay attention to their security and keep most bitcoin in cold storage.
Do not buy at $6000?
Current price is $7100, LoL
Bitcoin price gain more value in the last few months compare to bitcoin journey in the last 7 years.
And bitcoin will continue to rise over $8K in this year I guess. What about in 2018? and you said do not buy.
Well, I prefer to sell instead of buy
If you are familiar with logic and reasoning - as with proofs in pure number theory - you will easily see that your statement "Bitcoin price gain more value in the last few months compare to bitcoin journey in the last 7 years" need not have to have anything to do with whether you show now buy into Bitcoin. The only answer you need is to this question:
Is this a good time for me to buy and hold now ?
You only need to be "smart" and "know" if it is a good time to buy now at 7000.One more observation. We are all born different. Some are just smart and some people are just rather dull. It is just like this and we can't do anything about it.
There is a popular Arab proverb:
He who knows not he knows not, he is a fool. Avoid him
He who knows he knows not, he is simple. Guide him.
He who knows he knows, he is wise. Follow him.
He who knows not he knows, he is asleep. Wake him.
He who knows he knows not, he is simple. Guide him.
He who knows he knows, he is wise. Follow him.
He who knows not he knows, he is asleep. Wake him.
To preddict the market, we have to pay attention to the more stable prices before and after Mt. Gox in 2013/2014.
~snip~
"Don't buy now".
It may even be wise to lock in some "real" fiat money instead.
Another question that others should ask:
"Where does this USD 6000 quote come from?".
Is it really true that there is a "spot" market between BTC and USD. But how can trading exchanges give spot quotes when a bitcoin confirmation of 6 blocks may take hours? So we have to know how "spot" real is the USD 6000/BTC that we are given.
Also ask:
"If you want to sell your bitcoins now, would the orders get through with confirmation?"
"How long does the sell confirmation takes?"
"Are there real buyers at current prices?"
~snip~
"Don't buy now".
It may even be wise to lock in some "real" fiat money instead.
Another question that others should ask:
"Where does this USD 6000 quote come from?".
Is it really true that there is a "spot" market between BTC and USD. But how can trading exchanges give spot quotes when a bitcoin confirmation of 6 blocks may take hours? So we have to know how "spot" real is the USD 6000/BTC that we are given.
Also ask:
"If you want to sell your bitcoins now, would the orders get through with confirmation?"
"How long does the sell confirmation takes?"
"Are there real buyers at current prices?"
There is no connection between MT. Gox and current price, exchanges have to pay attention to their security and keep most bitcoin in cold storage.
Do not buy at $6000?
Current price is $7100, LoL
Bitcoin price gain more value in the last few months compare to bitcoin journey in the last 7 years.
And bitcoin will continue to rise over $8K in this year I guess. What about in 2018? and you said do not buy.
Well, I prefer to sell instead of buy
depending for people bro, even if he buy BTC now, he still profitable in the future
if not buy now, when?? when the price over $6000, bitcoin price will go to the moon
It is a good chance, we should buy bitcoin at the moment because it is on its way to peak and its worth will increase with time because people are favoring it and are investing into it. So a person who at the moment do not buy bitcoin and is waiting for a fall so that its price comes down then it is hard to say anything about it, it’s worth is increasing with speed of light and those who do not buy it now will regret it in future.if not buy now, when?? when the price over $6000, bitcoin price will go to the moon
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