How to train your money for costly bitcoin?

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: palle11 on December 07, 2017, 02:18:20 AM

To train money is to hold it in your wallet because from the look of things, bitcoin price is increasing daily and this is a very good profit margin for people who have invested already. Also, using the proceed to invest again either in altcoin is good way to grow your money.

I think what the OP meant to say was that how he/she can train themselves OR how they can spread their money into different altcoins. Yes bitcoin price is dropping and its around 10k USD today and thus its a good time to buy bitcoin if you have not already.

To be safe I would invest in those coins which are the top 10 in coinmarketcap (EXCEPT bitcoin cash obviously) and then hodl them. But if you are day trading you can try some shitcoin pump and dumps.

traderethereum

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Quote from: icol333 on January 17, 2018, 09:32:43 PM

As always, buy low, sell high, HODL when it's stable. If you're not a big whale investor, I suggest you to buy every time you think your wallet could fit. An 70:30 ratio for crypto and real currency works for me.

but sometimes we need to make a target price to sell so we can take a profit for what we invest and we need to determine how long we want to invest. we need to know how much our limit to buy so we still have money if somehow the price is down too far so we can buy more amount and then we can hold as long as we can.

icol333

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As always, buy low, sell high, HODL when it's stable. If you're not a big whale investor, I suggest you to buy every time you think your wallet could fit. An 70:30 ratio for crypto and real currency works for me.

palle11

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To train money is to hold it in your wallet because from the look of things, bitcoin price is increasing daily and this is a very good profit margin for people who have invested already. Also, using the proceed to invest again either in altcoin is good way to grow your money.

d1ceplayer

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Quote from: ?? on ??

we, we can wait until the price drops before or after hard fork and buy more bitcoin me. and while we are going to invest in altcoin to do trade that can generate a lot of bitcoin for a short period of time to get good results

No any hard fork is expected to be occurring that may crash down the bitcoin price drastically and people will buy bitcoin and if a hard fork comes, it will reduce the price just a bit. Experts were alarming the people that it is the beginning of bitcoin and in future it will rise much high so why the people were sleeping that time.

It is not so late or not much expensive to buy so arrange money and buy it now because no one know the increase price of bitcoin at the end of this month. I think altcoin investment is not a good idea.

ramsdaj28

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اللعنة

Quote from: lordquanta on November 03, 2017, 10:22:09 AM

Given the situation of bitcoin prices are growing higher and more higher since last few weeks is becoming more and more difficult to keep up with the regular small fixed amount of purchase. Earlier for 100 dollars a month or bimonthly I was able to see the reasonable amount of bitcoin ( or should I say satoshis). Nowadays the prices have gone high which feels real good for existing amount purchased so far. However at the same time getting clueless about how much should be put aside for regular bitcoin purchase. Because for 100 dollars the amount of satoshis we get is nothing.
What do you think how to tackle the problem of investing in bitcoin on regular basis with prices going high and higher?

That's really the main problem now for small investors planning to invest in bitcoin. With the high price of bitcoin, these small investors have a hard time planning on how much money should they spend to get some bitcoin (actually, satoshis). Last year, you can buy 1.315 BTC with $500.00 (lowest price of BTC last year is $380.00, REALLY!!!). Imagine, if you've bought that bitcoin last year and hold it until now, you would have around $9,500.00 in your pocket (that's 19x your investment). Now, you can get around 0.07 BTC only with $500.00. See the difference.

But now, we can't go back in past, and we have nothing to do with that situation. We have to accept the fact that we've missed the opportunity that bitcoin have given to us before. The best thing to do now is to invest your money in other cryptocurrencies or what we call ALTCOINS. Don't chase the bitcoin craze now because it's too late now IF you're going to invest just a small amount of money to it.

slyfox

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Quote from: lordquanta on November 03, 2017, 10:22:09 AM

Given the situation of bitcoin prices are growing higher and more higher since last few weeks is becoming more and more difficult to keep up with the regular small fixed amount of purchase. Earlier for 100 dollars a month or bimonthly I was able to see the reasonable amount of bitcoin ( or should I say satoshis). Nowadays the prices have gone high which feels real good for existing amount purchased so far. However at the same time getting clueless about how much should be put aside for regular bitcoin purchase. Because for 100 dollars the amount of satoshis we get is nothing.
What do you think how to tackle the problem of investing in bitcoin on regular basis with prices going high and higher?

There is not much to do, you had our chance to buy bitcoin for relatively cheap prices and now it seems that opportunity is forever lost, the only thing you can do now is to try to earn bitcoin directly and hope that is enough, but obviously that has gotten harder as well since now you are going to receive a lot less bitcoin for your efforts.

naidray

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Quote from: lordquanta on November 03, 2017, 10:22:09 AM

Given the situation of bitcoin prices are growing higher and more higher since last few weeks is becoming more and more difficult to keep up with the regular small fixed amount of purchase. Earlier for 100 dollars a month or bimonthly I was able to see the reasonable amount of bitcoin ( or should I say satoshis). Nowadays the prices have gone high which feels real good for existing amount purchased so far. However at the same time getting clueless about how much should be put aside for regular bitcoin purchase. Because for 100 dollars the amount of satoshis we get is nothing.
What do you think how to tackle the problem of investing in bitcoin on regular basis with prices going high and higher?

There is no easier way to tackle the problem than to just buy the normal amount of satoshis you can afford to buy now or look for a job that would be paying you a lot so you can buy more to store for the future. There is nothing we can do about it as we cannot eat our cake and have it. As the value keeps increasing, so is the amount in BTC keeps reducing and there is nothing anyone can do except to keep enjoying the ones you have bought increasing over time.

bitcoinvamp

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Quote from: lordquanta on November 03, 2017, 10:22:09 AM

Given the situation of bitcoin prices are growing higher and more higher since last few weeks is becoming more and more difficult to keep up with the regular small fixed amount of purchase. Earlier for 100 dollars a month or bimonthly I was able to see the reasonable amount of bitcoin ( or should I say satoshis). Nowadays the prices have gone high which feels real good for existing amount purchased so far. However at the same time getting clueless about how much should be put aside for regular bitcoin purchase. Because for 100 dollars the amount of satoshis we get is nothing.
What do you think how to tackle the problem of investing in bitcoin on regular basis with prices going high and higher?

It has obviously become really difficult and out of reach to buy bitcoins at this point because of the high price. What we can do is that hold the amount we have as bitcoins and when the price starts to comes down to some extent we could convert our bitcoins to fiat and then with that money we could again buy bitcoins at the lower prices. Just a thought.

zeaderza

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Quote from: Maddinson100 on November 13, 2017, 09:08:12 AM

Quote from: xbl1008 on November 08, 2017, 01:39:39 PM

first do a lot of paper trade or if you found free software where you can play your money, the catch is get used to it first before spending your money because if you have not enough knowledge when you trade its just like gambling not knowing what lies ahead mush different in trading/investing where you studied the possible outcome

You have used the best strategy indeed. The whole thing is entirely dependent upon the guess game. You don’t actually know that whether the price is going to fall substantially to a lower level that meets your requirement or it is going to shoot up again. Hence keeping your money set aside waiting for the price reversals is all dependent upon the luck.

But in my opinion the safest thing to do is to keep in investing your money in some sort of business so that the economy doesn’t remain stagnant and this is how the chances of buying more btc would increase automatically.

Bitcoin is totally unpredictable and guessing will never help in this field so see the market rates and stay up to date as this coin surely gives chances to its investors to buy more and investing into some other business will be not effective because when you have bitcoin then there is no need to invest in to any other so stick to your strategy. Just buy and hold and always backup some capital to avail buying chance.

lordquanta

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Quote from: malikusama on November 06, 2017, 08:01:52 AM

The bitcoin growth or profit percentage will be the same no matter either you are going to invest $100 or $1000. To be honest I don't take it as a problem what you can afford to invest do it instead of banging your head all around.

Intent of thread was to discuss investment strategy with rising bitcoin price. It was NOT a whining about lost opportunities nor thinking situation as problem in first place. Instead approach is toward understanding situation and modify the investment moves accordingly. With this kind of discussion we all get benefit. like someone suggested that some well known alt-coins are also good option. Coins likes bitcoin cash, litecoin, ether etc. We could come up with couple of month or quarterly strategy instead of monthly.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: Bonenx14 on November 19, 2017, 08:59:53 AM

Quote from: traderethereum on November 18, 2017, 07:54:05 PM

Quote from: ricardobs on November 18, 2017, 01:09:11 AM

Quote from: ?? on ??

we, we can wait until the price drops before or after hard fork and buy more bitcoin me. and while we are going to invest in altcoin to do trade that can generate a lot of bitcoin for a short period of time to get good results

There is nothing hard on how you can handle your investment during high price rate times. Okay, according to the op, he bought lots of bitcoins at the time when price was very low, which is a very good thing that he did, he was really lucky.

If he really bought much, then there is no need to invest now at this high rate, he better wait and earn profits from his first Investment while he waits for a price decrease.

i think the op now is one of the richest person in his city because when he withdraw his money, i am sure he can make a lot of profit and he can do right now while the price is at a good price. i think he can withdraw several bitcoin and saving the money into his bank account while he can do another trading to increase his bitcoin again and i am sure that the profit will be bigger than now. he can buy another bitcoin when the price is decrease and then sell for higher price later.

OP's strategy is pretty good, we'd better imitate it if we can, and it's also true to buy the coin at the lowest price and sell at a high price. it is an opportunity to achieve high profits.

Imitating someone else's methods may or may not be a good idea. You never know how much truth the person has spoken and how much of their investments are actually true. Many investors often get paid for companies to shill for them. Now this attracts other potential customers. The one who invests with their own brains and thinks of the next step is the real investor.

Quote from: henmark on November 14, 2017, 02:44:58 AM

Quote from: Beicin on November 07, 2017, 07:40:26 PM

Keep spending the same amount you were. The USD value is the same, just see the bitcoins you purchased at a cheaper price as "discounted coins".. You just have to think that in X years, what you're buying now will seem very cheap in comparison to the actual price.

Agreed! If you want to increase the worth of the bitcoin which you are having in your pocket, then you have to for sure go for holding of bitcoin and that too for quite a long period of time. It is the only way of increasing the worth of your money.

In fact, this will also help you in having more amount of money and that too without putting in lot of efforts. All you need is to remain patient.

You can try selling bits of that bulk amount you are hodling. I often sell fractions of it when price rises and buy more when price dips.

Bonenx14

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Quote from: traderethereum on November 18, 2017, 07:54:05 PM

Quote from: ricardobs on November 18, 2017, 01:09:11 AM

Quote from: ?? on ??

we, we can wait until the price drops before or after hard fork and buy more bitcoin me. and while we are going to invest in altcoin to do trade that can generate a lot of bitcoin for a short period of time to get good results

There is nothing hard on how you can handle your investment during high price rate times. Okay, according to the op, he bought lots of bitcoins at the time when price was very low, which is a very good thing that he did, he was really lucky.

If he really bought much, then there is no need to invest now at this high rate, he better wait and earn profits from his first Investment while he waits for a price decrease.

i think the op now is one of the richest person in his city because when he withdraw his money, i am sure he can make a lot of profit and he can do right now while the price is at a good price. i think he can withdraw several bitcoin and saving the money into his bank account while he can do another trading to increase his bitcoin again and i am sure that the profit will be bigger than now. he can buy another bitcoin when the price is decrease and then sell for higher price later.

OP's strategy is pretty good, we'd better imitate it if we can, and it's also true to buy the coin at the lowest price and sell at a high price. it is an opportunity to achieve high profits.

traderethereum

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Quote from: ricardobs on November 18, 2017, 01:09:11 AM

Quote from: ?? on ??

we, we can wait until the price drops before or after hard fork and buy more bitcoin me. and while we are going to invest in altcoin to do trade that can generate a lot of bitcoin for a short period of time to get good results

There is nothing hard on how you can handle your investment during high price rate times. Okay, according to the op, he bought lots of bitcoins at the time when price was very low, which is a very good thing that he did, he was really lucky.

If he really bought much, then there is no need to invest now at this high rate, he better wait and earn profits from his first Investment while he waits for a price decrease.

i think the op now is one of the richest person in his city because when he withdraw his money, i am sure he can make a lot of profit and he can do right now while the price is at a good price. i think he can withdraw several bitcoin and saving the money into his bank account while he can do another trading to increase his bitcoin again and i am sure that the profit will be bigger than now. he can buy another bitcoin when the price is decrease and then sell for higher price later.

darewaller

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Quote from: Kennedymaster on November 10, 2017, 04:55:20 AM

Just set aside 500 dollars a month and when you have 5k you just wait till bitcoin drops down and buy 1 with that 1 bitcoin you invest in other coins and make the most out of them that is what i did and i have a lot of profit out of them.

You really have a good plan, just set aside an amount of money and wait for the right time to invest into bitcoin and altcoins. As of now, I will advise to invest on Altcoins cause they will rise very soon in price rate, especially Ethereum.

For bitcoin, this is not the right time, the price is still dropping slowly and very soon it will drop to a very low rate and will get pumped again. So wait for it to drop and invest immediately.

ricardobs

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Quote from: ?? on ??

we, we can wait until the price drops before or after hard fork and buy more bitcoin me. and while we are going to invest in altcoin to do trade that can generate a lot of bitcoin for a short period of time to get good results

There is nothing hard on how you can handle your investment during high price rate times. Okay, according to the op, he bought lots of bitcoins at the time when price was very low, which is a very good thing that he did, he was really lucky.

If he really bought much, then there is no need to invest now at this high rate, he better wait and earn profits from his first Investment while he waits for a price decrease.

carriebee

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Quote from: Drixy on November 16, 2017, 05:35:33 PM

Quote from: pentol86 on November 10, 2017, 04:11:00 AM

well, maybe you must prepare some money, and then, keep focus on bitcoin price which one sometimes not stable. then you can buy when the price drop..

Good idea to prepare for a drop and invest immediately a large sum of money to begin with and wait for a convincing time to spend or withdraw all that. Price drop was made on last few days passed and it was a $1000 drop i know its a lot but bitcoin recocers all that from few days ago too so i did think that it was planned by a stock holder of bitcoin to withdraw and upheld it.

This is true bitcoin become expensive day by day that price is increasing. Yes I agree when the price drops the best thing to do is buy bitcoin on you can afford amount to invest. As been said invest on what you can afford only but then still profit may achieve because bitcoin would be high soon.

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Quote from: lordquanta on November 03, 2017, 10:22:09 AM

Given the situation of bitcoin prices are growing higher and more higher since last few weeks is becoming more and more difficult to keep up with the regular small fixed amount of purchase. Earlier for 100 dollars a month or bimonthly I was able to see the reasonable amount of bitcoin ( or should I say satoshis). Nowadays the prices have gone high which feels real good for existing amount purchased so far. However at the same time getting clueless about how much should be put aside for regular bitcoin purchase. Because for 100 dollars the amount of satoshis we get is nothing.
What do you think how to tackle the problem of investing in bitcoin on regular basis with prices going high and higher?

I would say it is just like the same which the satoshi we do earn would really be less compared wayback before when it was still cheap which is really normal. The thing that hesitates us is when bitcoins price tend to go down suddenly which would really result on non-good situation. We can accumulate on small parts or satoshis but it not really good in the eyes when we do purchase worth of $100 of bitcoin but the numbers is quiet few but we should get used to it since btc is already valuable which values are expected to be on this way.

Darker45

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Quote from: lordquanta on November 03, 2017, 10:22:09 AM

Given the situation of bitcoin prices are growing higher and more higher since last few weeks is becoming more and more difficult to keep up with the regular small fixed amount of purchase. Earlier for 100 dollars a month or bimonthly I was able to see the reasonable amount of bitcoin ( or should I say satoshis). Nowadays the prices have gone high which feels real good for existing amount purchased so far. However at the same time getting clueless about how much should be put aside for regular bitcoin purchase. Because for 100 dollars the amount of satoshis we get is nothing.
What do you think how to tackle the problem of investing in bitcoin on regular basis with prices going high and higher?

That is true. When Bitcoin goes high, the feeling will be double and opposite. On the one hand, we are happy that Bitcoin is gaining great acceleration in price growth. But on the other hand, we are also somehow sad that we cannot anymore buy a significant amount of Satoshis with our little savings. But then it is still worth it for as long as there is almost certain growth as compared to a kind of gamble with some other coins.

Drixy

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reading.......

Quote from: pentol86 on November 10, 2017, 04:11:00 AM

well, maybe you must prepare some money, and then, keep focus on bitcoin price which one sometimes not stable. then you can buy when the price drop..

Good idea to prepare for a drop and invest immediately a large sum of money to begin with and wait for a convincing time to spend or withdraw all that. Price drop was made on last few days passed and it was a $1000 drop i know its a lot but bitcoin recocers all that from few days ago too so i did think that it was planned by a stock holder of bitcoin to withdraw and upheld it.

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