How to buy 1 bitcoin | Bitcointalksearch.org

Shimmiry

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Quote from: stskv on December 01, 2019, 05:12:00 PM

So I own $1000 in bitcoin but I want to invest the remaining amount to accumulate a whole bitcoin. The prices fluctuates every second so how can I do this on coinbase? I believe this is called a market buy order and I've looked at the steps on how to do this but I think they're outdated or wrong.

1000USD is a big money to buy only a single cryptocurrency. Better consider investing also on both Crypto market and Forex market. Cryptos, especially Bitcoin, are volatile. Having you huge money be invested on it alone would be too risky. But if you would really wanted to buy 1Bitcoin, there are a lot of marketplace to buy near your place (in which mine has too many). But still, you cannot buy at a low price now. You must either wait for another decrease or invest just atleast half of your money.

In how to buy, there's a lot of wallet that offers such feature. Never ever do it on an exchange unless you wanted to enter the world of trading. But if you do so, better study first the world of crypto market and have training in online trading simulations.

Mahanton

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Quote from: hahay on January 31, 2020, 04:29:24 PM

Quote from: bitgolden on January 31, 2020, 12:08:55 PM

Quote from: aomakun on January 29, 2020, 12:56:56 PM

sometimes we are indeed trapped by FOMO when we want to make a buy, so I hope when making a buy we can be in a calm condition and can also be thorough, rather than to secure ourselves. beyond that maybe our ability to be one factor to find the right time.

Buying is the most important step than selling. This is atleast what I feel because if we fail to buy at a approx dip than we might need to wait for some long time or mostly, FOMO can make us enter the markets at a wrong price which would give you loss and you need to wait for more than your estimated wait time in order to see profits again, so always be cautious while entering the markets. Once you enter at a correct price than you can hold until your sell price is been reached.

Never forget to put a stop loss in critical situations where you are not sure whether the price would pump or dump to avoid excess loss.

Yes, basically to always be more careful about buying and selling, there is no need to take or make hasty decisions when you have just entered the market because research is the most important if you expect good profits and maybe can obtained in the short term. Patience is also an important factor to get the best price, the point to control emotions is to avoid FOMO because we know, FOMO will only make regrets in the end.

It will vary on a certain individual on how he do look about BTC.If he do just jumped due to FOMO factor then he do definitely aims on making money on short time which
would result into careless actions or would surely got into Fomo and end up on waiting game because the price had slumped down.

If you do jump in with some basic knowledge on how crypto or btc works when it comes to long term aspect then you do tend to hold for sometime then buying anytime
wont really be an issue yet you dont care on what would be the price in short time.

hahay

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Quote from: bitgolden on January 31, 2020, 12:08:55 PM

Quote from: aomakun on January 29, 2020, 12:56:56 PM

sometimes we are indeed trapped by FOMO when we want to make a buy, so I hope when making a buy we can be in a calm condition and can also be thorough, rather than to secure ourselves. beyond that maybe our ability to be one factor to find the right time.

Buying is the most important step than selling. This is atleast what I feel because if we fail to buy at a approx dip than we might need to wait for some long time or mostly, FOMO can make us enter the markets at a wrong price which would give you loss and you need to wait for more than your estimated wait time in order to see profits again, so always be cautious while entering the markets. Once you enter at a correct price than you can hold until your sell price is been reached.

Never forget to put a stop loss in critical situations where you are not sure whether the price would pump or dump to avoid excess loss.

Yes, basically to always be more careful about buying and selling, there is no need to take or make hasty decisions when you have just entered the market because research is the most important if you expect good profits and maybe can obtained in the short term. Patience is also an important factor to get the best price, the point to control emotions is to avoid FOMO because we know, FOMO will only make regrets in the end.

mersal

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Quote from: fullhdpixel on January 31, 2020, 11:58:01 AM

Quote from: stskv on December 01, 2019, 05:12:00 PM

So I own $1000 in bitcoin but I want to invest the remaining amount to accumulate a whole bitcoin. The prices fluctuates every second so how can I do this on coinbase? I believe this is called a market buy order and I've looked at the steps on how to do this but I think they're outdated or wrong.

Owning a whole number of bitcoins have never been an easy task at least in the current market situations. If you have $1000 but have the will to trade with whole number of bitcoins than you can move onto leverage trading. You can trade with 1 BTC on futures platforms just by holding some amount as collateral. $1000 would be a great collateral and you can easily trade above 1 BTC but there comes huge risk.

Your coins might be liquidated any time if the price you predicted went in opposite direction. This leads to huge loss and hence you should first try trading on various testnets so that you can test your skills and then move onto real trading if you find any profits in demo trading.

I don't think he wanted to make $1000 worth of bitcoin into whole one by trading strategies,it looks like he wanted to buy remaining amount of bitcoins needed from his fiat savings.Its just simple he has to check the market price and availability of bitcoins in wallet then just enters the remaining figures needed in the trade order.

bitgolden

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Quote from: aomakun on January 29, 2020, 12:56:56 PM

sometimes we are indeed trapped by FOMO when we want to make a buy, so I hope when making a buy we can be in a calm condition and can also be thorough, rather than to secure ourselves. beyond that maybe our ability to be one factor to find the right time.

Buying is the most important step than selling. This is atleast what I feel because if we fail to buy at a approx dip than we might need to wait for some long time or mostly, FOMO can make us enter the markets at a wrong price which would give you loss and you need to wait for more than your estimated wait time in order to see profits again, so always be cautious while entering the markets. Once you enter at a correct price than you can hold until your sell price is been reached.

Never forget to put a stop loss in critical situations where you are not sure whether the price would pump or dump to avoid excess loss.

fullhdpixel

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Quote from: stskv on December 01, 2019, 05:12:00 PM

So I own $1000 in bitcoin but I want to invest the remaining amount to accumulate a whole bitcoin. The prices fluctuates every second so how can I do this on coinbase? I believe this is called a market buy order and I've looked at the steps on how to do this but I think they're outdated or wrong.

Owning a whole number of bitcoins have never been an easy task at least in the current market situations. If you have $1000 but have the will to trade with whole number of bitcoins than you can move onto leverage trading. You can trade with 1 BTC on futures platforms just by holding some amount as collateral. $1000 would be a great collateral and you can easily trade above 1 BTC but there comes huge risk.

Your coins might be liquidated any time if the price you predicted went in opposite direction. This leads to huge loss and hence you should first try trading on various testnets so that you can test your skills and then move onto real trading if you find any profits in demo trading.

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Quote from: Aying on December 10, 2019, 05:49:16 AM

Quote from: bettercrypto on December 09, 2019, 03:13:46 PM

Buying bitcoin is one of the hardest thing for me. 1 bitcoin is too much expensive in my case since I am just a small time person. In fact, it is my dream even before. However, I want to make it as possible as I can. I think I just need to save atleast 10% of my salary and buy 1BTC during crash. It is good if I buy at price of 5000 dollars or less.

In your case that you are busy and not focusing on crypto it is too hard to have 1 BTC but if you focus your time on trading and learn a lot of trading tricks or learn more the market to earn bitcoin, then it is possible. for now that the price is not at good condition, it is time to accumulate more then hodl if you want to have 1 BTC and more profit.

indeed to be able to buy and have 1 BTC it requires quite a lot of $, for example like me who currently cannot afford to be able to buy it, but I don't want to wait for my money to be collected until I can buy 1 BTC, with the minimum money I try to enter in trading and little by little I will collect my profits to be able to have 1 BTC or even more, because for example I wait for my money to be collected to be able to buy 1BTC which I fear the price will rise even higher.

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Quote from: alisonwonder on December 10, 2019, 06:53:31 AM

Quote from: BitHodler on December 10, 2019, 06:44:02 AM

Quote from: Aying on December 10, 2019, 05:49:16 AM

for now that the price is not at good condition, it is time to accumulate more then hodl if you want to have 1 BTC and more profit.

I agree. People generally only buy when they see the price go up because they think Bitcoin is going to change the world or something, but after a while they figure out that they bought the peak of a rally and will keep bleeding.

The uglier the market looks, the better the buying opportunity is. That's the evidence we have in every market. If people for once did the opposite of what they think is the best thing to do, they would have made quite a bit of money.

but our problem is difficult to determine when the right time to buy. is the current price of bitcoin going down or up? sometimes a few percent increase makes us FOMO and a decline makes us panic.

sometimes we are indeed trapped by FOMO when we want to make a buy, so I hope when making a buy we can be in a calm condition and can also be thorough, rather than to secure ourselves. beyond that maybe our ability to be one factor to find the right time.

Alice Nuttal

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I guess you do understand that no one will give you a trading strategy here, right? Mostly, because it takes a lot of time to develop one and no one still has any guarantees. Though, there are many pieces of advice on this thread. Well, I can give you one more: try to learn what does the situation on the market looks like. IDK, maybe use this info bot https://t.me/CexIoInfoBot or another one. It will be easier to earn then.

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Quote from: BitHodler on December 10, 2019, 06:44:02 AM

Quote from: Aying on December 10, 2019, 05:49:16 AM

for now that the price is not at good condition, it is time to accumulate more then hodl if you want to have 1 BTC and more profit.

I agree. People generally only buy when they see the price go up because they think Bitcoin is going to change the world or something, but after a while they figure out that they bought the peak of a rally and will keep bleeding.

The uglier the market looks, the better the buying opportunity is. That's the evidence we have in every market. If people for once did the opposite of what they think is the best thing to do, they would have made quite a bit of money.

That is a very simple experiment that I made long ago, I realized that I kept losing money in the markets and since I kept detailed records I asked myself the next question, what if I did the opposite? What if instead of selling I bought and instead of buying I sold? And to my surprise the results were positive, since then I have changed my mind and whenever I feel fearful about the market instead of selling I buy more and this has brought me good results.

alisonwonder

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Quote from: BitHodler on December 10, 2019, 06:44:02 AM

Quote from: Aying on December 10, 2019, 05:49:16 AM

for now that the price is not at good condition, it is time to accumulate more then hodl if you want to have 1 BTC and more profit.

I agree. People generally only buy when they see the price go up because they think Bitcoin is going to change the world or something, but after a while they figure out that they bought the peak of a rally and will keep bleeding.

The uglier the market looks, the better the buying opportunity is. That's the evidence we have in every market. If people for once did the opposite of what they think is the best thing to do, they would have made quite a bit of money.

but our problem is difficult to determine when the right time to buy. is the current price of bitcoin going down or up? sometimes a few percent increase makes us FOMO and a decline makes us panic.

BitHodler

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Quote from: Aying on December 10, 2019, 05:49:16 AM

for now that the price is not at good condition, it is time to accumulate more then hodl if you want to have 1 BTC and more profit.

I agree. People generally only buy when they see the price go up because they think Bitcoin is going to change the world or something, but after a while they figure out that they bought the peak of a rally and will keep bleeding.

The uglier the market looks, the better the buying opportunity is. That's the evidence we have in every market. If people for once did the opposite of what they think is the best thing to do, they would have made quite a bit of money.

janggernaut

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Quote from: Stargazer on December 09, 2019, 01:47:35 PM

I am not clear what you are trying to say here. Buying Bitcoin in coinbase as easy as everyone can do it. Are you trying through the Coinbase Pro exchange or from the app? App worked perfect for me, therefore the Coinbase Pro exchange also very easy to process. Otherwise, you can try Binnace but don't think Coinbase is outdated or wrong!

It seems OP is having hard time to buy bitcoin since the price keep changing in sec, so his buying order can't be execute yet. it's not about coinbase is outdated (other people would complain if they are outdated about their price, which also impossible for such like coinbase)

Aying

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Quote from: bettercrypto on December 09, 2019, 03:13:46 PM

Buying bitcoin is one of the hardest thing for me. 1 bitcoin is too much expensive in my case since I am just a small time person. In fact, it is my dream even before. However, I want to make it as possible as I can. I think I just need to save atleast 10% of my salary and buy 1BTC during crash. It is good if I buy at price of 5000 dollars or less.

In your case that you are busy and not focusing on crypto it is too hard to have 1 BTC but if you focus your time on trading and learn a lot of trading tricks or learn more the market to earn bitcoin, then it is possible. for now that the price is not at good condition, it is time to accumulate more then hodl if you want to have 1 BTC and more profit.

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Quote from: stskv on December 01, 2019, 05:12:00 PM

So I own $1000 in bitcoin but I want to invest the remaining amount to accumulate a whole bitcoin. The prices fluctuates every second so how can I do this on coinbase? I believe this is called a market buy order and I've looked at the steps on how to do this but I think they're outdated or wrong.

Your thoughts seem to be moving towards trading and I highly recommend not trying. Because when trading, you have to pay a fee when you order. Besides, if you are lucky, you will gain a few units, but if unlucky, you will lose a few units and lose extra fees. To be able to trade, you need to learn a lot from trading books.

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Buying bitcoin is one of the hardest thing for me. 1 bitcoin is too much expensive in my case since I am just a small time person. In fact, it is my dream even before. However, I want to make it as possible as I can. I think I just need to save atleast 10% of my salary and buy 1BTC during crash. It is good if I buy at price of 5000 dollars or less.

Stargazer

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I am not clear what you are trying to say here. Buying Bitcoin in coinbase as easy as everyone can do it. Are you trying through the Coinbase Pro exchange or from the app? App worked perfect for me, therefore the Coinbase Pro exchange also very easy to process. Otherwise, you can try Binnace but don't think Coinbase is outdated or wrong!

milewilda

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Quote from: stskv on December 01, 2019, 05:12:00 PM

So I own $1000 in bitcoin but I want to invest the remaining amount to accumulate a whole bitcoin. The prices fluctuates every second so how can I do this on coinbase? I believe this is called a market buy order and I've looked at the steps on how to do this but I think they're outdated or wrong.

You cant stop the fluctuation and thats a normal thing with bitcoin and you should get used to it.Price in usd would vary from time to time so if you are targeting on buying bitcoin
then you should buy it on its current price on a certain time.After you bought it then price would either dump or rise on next to that.If you arent ready for such scenario then
bitcoin investment isnt for you. Theres no wrong or outdated because no matter where you do buy those prices would really be changing from time to time.

BitcoinTurk

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To buy 1 Bitcoin, you need to pay 7450 USD for today's price. Bitcoin is easier to buy than the old times, so you can buy without difficulty. Yes, I'm writing an answer based on this topic, because the message in the topic is ridiculous and nothing to answer. In line with your budget, if you can't get 1 Bitcoin, you should buy it according to your budget and use this money correctly to reach your goal. Unfortunately with 1000 USD you cannot buy 1 Bitcoin but you can increase this money by getting 0.13 Bitcoin and get 1 Bitcoin.

Hippocrypto

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Quote from: Asmonist on December 09, 2019, 07:46:52 AM

Basically, you need to earn the price equivalent of 1 bitcoin today. As much as you can you must have the various sources of income and activities to earn bitcoin as well. Its a two way process, to earn bitcoin or to accumulate the certain $ dollar equivalent of 1 btc. Buying sites are everywhere and easy to process once you have the funds.

Save some of small income that you had, don't spend on thing that you don't need most. Only spend your money on basic commodities like food and transportation, so that we may save our money just for bitcoin holdings and we can earn a profitable income when we're able to acquire enough money to buy 1 bitcoin. Although it's hard to reach that amount, but with deligence and hardwork it's alwayd possible.

Topic: How to buy 1 bitcoin (Read 799 times)