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.
In my opinion that is not a valid strategy anymore, that will take to you 10 months and ten months is an eternity in the world of crypto, just look where the price of bitcoin was 10 months ago, so the only strategy that we can apply is to invest every single dollar we can afford in bitcoin as fast as possible if you do not do that you are going to lose a great deal of profits. 
Topic: How to train your money for costly bitcoin? - page 2. (Read 1840 times)
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.
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?
Get used to it since you cant change anything and we do know prices would really be not the same anytime on bitcoin on which if we did tend to buy $100 before and after we would really able to point out on whats their difference and decision if we do tend to convert it basing on the monetary value of our own currency before you do put some money or you would just decide to follow your old traditional ways of buying bitcoin. What do you think how to tackle the problem of investing in bitcoin on regular basis with prices going high and higher?
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.What do you think how to tackle the problem of investing in bitcoin on regular basis with prices going high and higher?
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.
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.
Its true that bitcoin price has gone very high and even middle class people would get astonished on seeing its price and think that they cold not afford that huge amount to buy a bitcoin.Instead,they could even buy bitcoins for 100 or 200 dollars.Also,they could wait until price falls before or after hard forks and buy more bitcoins.Either a smaller or tiny amount of bitcoin,we should just continue buying it monthly which would be more worth in future.
Waiting for prices to drop is not so good policy from bitcoin point of view. The price will swing from the 7500 dollars to 7300/7200 dollars. After that next big leap will be there. Thus waiting till the fork is over might not work as expected. Same thing happened when bitcoin-cash was launched. One thing for sure, chinese influence on the bitcoin market is over. Now there are many companies and users from many countries heavily investing in the bitcoin. When chinese exchanges were closed everyone was thinking that bitcoin price will fall. Nothing happened. In fact prices were increased by leaps and bounds. Check the price trends in bitcoin from last December or last years July.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.
Exactly there will be same percentage of profit for every investment. It doesn’t even matter what investment you have, the ratio of profits will be more than enough for every portion of investment. Make it more easy, whatever you can afford, put it in investment and then see the results. Make some good amount and then start going up width bigger investments. 
Its true that bitcoin price has gone very high and even middle class people would get astonished on seeing its price and think that they cold not afford that huge amount to buy a bitcoin.Instead,they could even buy bitcoins for 100 or 200 dollars.Also,they could wait until price falls before or after hard forks and buy more bitcoins.Either a smaller or tiny amount of bitcoin,we should just continue buying it monthly which would be more worth in future.
Waiting for prices to drop is not so good policy from bitcoin point of view. The price will swing from the 7500 dollars to 7300/7200 dollars. After that next big leap will be there. Thus waiting till the fork is over might not work as expected. Same thing happened when bitcoin-cash was launched. One thing for sure, chinese influence on the bitcoin market is over. Now there are many companies and users from many countries heavily investing in the bitcoin. When chinese exchanges were closed everyone was thinking that bitcoin price will fall. Nothing happened. In fact prices were increased by leaps and bounds. Check the price trends in bitcoin from last December or last years July.I don’t think that the problem is the price itself, it is more of our trust to bitcoins future. If we believe that the value of cryptocurrency will keep increasing year by year, we will be likely to buy at any price today but because of lack of confidence toward our own belief and we can’t handle the pressure of uncertainty then it boils down to regrets every time we don’t have the chance to profits every year because of being afraid to gamble.
Since bitcoin has the price fluctuation tendency we will be worry about the bitcoin's value in the chart. We should wait for bitcoin to grow more higher in that especially. If we people are long term holder means within some months or years bitcoin will be taking your investment amount to double the value in the chart. Don't say that we do not have chance to see the dump that is my opinion.
That is right, then I maybe wrong not mentioning about long term holders. Fluctuations is normal due to bitcoin nature because it is more of a human nature’s tendency to be affected by rumors and black propagandas. I don’t mention about bitcoin will not experience dump because it always does, example the 2800$ dip last September due to China regulation and Jamie Dimon CEO of JPmorgan bad comments.
I don’t think that the problem is the price itself, it is more of our trust to bitcoins future. If we believe that the value of cryptocurrency will keep increasing year by year, we will be likely to buy at any price today but because of lack of confidence toward our own belief and we can’t handle the pressure of uncertainty then it boils down to regrets every time we don’t have the chance to profits every year because of being afraid to gamble.
Since bitcoin has the price fluctuation tendency we will be worry about the bitcoin's value in the chart. We should wait for bitcoin to grow more higher in that especially. If we people are long term holder means within some months or years bitcoin will be taking your investment amount to double the value in the chart. Don't say that we do not have chance to see the dump that is my opinion.
I don’t think that the problem is the price itself, it is more of our trust to bitcoins future. If we believe that the value of cryptocurrency will keep increasing year by year, we will be likely to buy at any price today but because of lack of confidence toward our own belief and we can’t handle the pressure of uncertainty then it boils down to regrets every time we don’t have the chance to profits every year because of being afraid to gamble.
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.
It's really hard now buying bitcoins just worth 100$ now is of no good with all the fees and other extra charges instead you can save up every month and when you have a good amount of funds you can then purchase additional bitcoins the price might change a lot but there is no other option
Yes, nowadays the price of bitcoin is very high but still its not too late and one can get profit by investing in bitcoins. If you want to invest in bitcoin, then it greatly depend on your income. No matter if your income is more or less you just need to make your routine tough and save money to invest in bitcoins. You should start from less amount and then slowly rise, I think this will give you a fine profit.
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..
It's really hard now buying bitcoins just worth 100$ now is of no good with all the fees and other extra charges instead you can save up every month and when you have a good amount of funds you can then purchase additional bitcoins the price might change a lot but there is no other option
Yes, nowadays the price of bitcoin is very high but still its not too late and one can get profit by investing in bitcoins. If you want to invest in bitcoin, then it greatly depend on your income. No matter if your income is more or less you just need to make your routine tough and save money to invest in bitcoins. You should start from less amount and then slowly rise, I think this will give you a fine profit. 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?
What do you think how to tackle the problem of investing in bitcoin on regular basis with prices going high and higher?
Shouldn't we take this as an opportunity rather than a problem? I understand that the price increase of bitcoins result to having difficulties of new investors investing, but with the coming fork by this November, then expect the prices to plunge down. You must consider that there are a lot of news regarding the reason behind the price increasing and you also must acknowledge the upcoming fork because prices will surely decrease. You may use the price history of bitcoin as a basis whether or not you should invest into bitcoin. Many people call it a bubble, but I see it as a golden opportunity!
It is hard situation, because not many people here know as profitable source as bitcoin so far. Defninitely as you mentioned buying bitcoin every moth for 100$ is pointless nowadays. You need to consider other crypto currency probably, or just try to earn more money and pay more for bitcoin? It is bad solution, the best would be waiting for price dumb because bitcoin can't always growth. Then you will have racked up money. You should know what you expect, and what do you feel abut bitcoin but definitely the price is so high. But no one knows what will bring the future.
It is quite difficult to hold a bitcoin that was purchase a long time when the price is somewhat low because the value today will really tempt you to sell them for a good profit especially given the fact that bitcoin value for tomorrow is uncertain. Many says you will regret of you sell now but in my point of view there's no wrong decision in selling your coins if the price is really high like today because after all you can still invest after getting your earnings and its not bad to enjoy some of them
Bitcoin price is like a moving train,you can always join the ride as soon as you can and at the end you would realized you have trained your money for the "costly bitcoin".
Better late and never !!
Better late and never !!
Its true that bitcoin price has gone very high and even middle class people would get astonished on seeing its price and think that they cold not afford that huge amount to buy a bitcoin.Instead,they could even buy bitcoins for 100 or 200 dollars.Also,they could wait until price falls before or after hard forks and buy more bitcoins.Either a smaller or tiny amount of bitcoin,we should just continue buying it monthly which would be more worth in future.
People need to get used to this, the days where we could invest just a few hundreds of dollars and get several bitcoins are now over, I know that it is hard to accept it but we need to do it, if we do not invest now then instead of investing 7000 dollars to get a bitcoin it will come to the point where you will need to invest tens of thousands of dollars and by that point even a person that is well off will have a problem buying any bitcoin. Jump to: