Topic: How to train your money for costly bitcoin? - page 3. (Read 1772 times)
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
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?
The only thing you can do in order to maximize the amount of bitcoin you can buy is to buy bitcoin when there is a dip in the price, another strategy is to save all your money and wait for a major correction, it was not long ago there was a correction below 2000 dollars, but the problem with that strategy is there is not a guarantee that bitcoin is going to go that low and may go up instead.What do you think how to tackle the problem of investing in bitcoin on regular basis with prices going high and higher?
I agree. I think that it would always be a good business move to buy low and sell high. It's a principle most businesses use in order to gain some profit. The main difference, however, with the bitcoin market is that you need to study the trends and how the market works in the prevailing time, since it can change very easily. Also, it should be noted that you also need to know when you should be selling them to gain maximum profit.
It is rather difficult to invest in bitcoin with small capital, capital is a very important part to participated the trade in bitcoin. with a very large capital the possibility of profit that we will get also big enough and otherwise if we have little capital our profit also small too. but by collecting the results from a little profit later we will also certainly have a big capital for trading in bitcoin.
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?
Well of course it would have been a lot better if you were able to get in when the price is mot that.high but think about it this way, you don't have to invest on a whole bitcoin. Your 100$, when you imvest it in bitcoin, would eventually grow in itself in time. You're still going to be in profit even with that amount
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.
Definitely the way to look at it if you are determined to invest in bitcoin, yes you may not see the same returns on your later investments but you can still profit as well as the fact you will not lose your earliest investments and the great returns you enjoyed on them.
If I were you, you will just keep on working to increase your bitcoin in your wallet and do not think about buying bitcoin yet so if the time comes that you can afford to buy the bitcoin price, then you have the money to buy for it. As of now, try to focus on earning bitcoin so someday you will have a big profit and would reach the dreams you have for you and your family.
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.
Definitely the way to look at it if you are determined to invest in bitcoin, yes you may not see the same returns on your later investments but you can still profit as well as the fact you will not lose your earliest investments and the great returns you enjoyed on them.
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.
Yes, nowadays we are all very greatful on how the bitcoin prices are increasing especially when we already have an existing sun of money on it while it is rising. However, since we don’t have the assurance on how long will this continue and how much more we can earn or might loss from it, we ahould always be cautious with are investments and money in bitcoin. Personally, I think our bitcoin ahould still have its activity on different activities and be distributed properly on different bitcoin available activity since diversifying of bitcoin will also lessen the risk of you lossing everything. I think this thinking on fiat money should also apply in bitcoin if we want to cope with the value increase going on in bitcoin.
we still can bought bitcoin for small amount on the exchanges but if you have to wait untill the price dropped i don't think there will be massive dumped again which is we can utilize that situation because bitcoin looks stronger for me although there was several dumped happened but bitcoin can recover it and return to reach the higher price and in my view we cannot tackle this problem and as the bitcoin users liked it or not we have to following the trend and indeed even i cannot buy 1 bitcoin with the current price because that was so high and 1 bitcoin currently in my country worth to bought a car
In my view, then we should all wait till the prices drop and the price is reasonable enough for most of us to get. Right now the value is so massive that only those who have loads of money can get it. So it order to utilize our money or budget in buying bitcoin, the only logically choice is to wait for it to dip and buy as many as you can. But you need to be quick very others have the same mindset as well otherwise in a span of just a few hours bitcoin price will increase immediately. The element of time is not on our side here.
we still can bought bitcoin for small amount on the exchanges but if you have to wait untill the price dropped i don't think there will be massive dumped again which is we can utilize that situation because bitcoin looks stronger for me although there was several dumped happened but bitcoin can recover it and return to reach the higher price and in my view we cannot tackle this problem and as the bitcoin users liked it or not we have to following the trend and indeed even i cannot buy 1 bitcoin with the current price because that was so high and 1 bitcoin currently in my country worth to bought a car
By risking of sounding like captain obvious, there is one of two things you can do:
1. Increase the amount of dollars to buy the predefined amount of satoshis.
2. Buy as much as you can for 100$
This is expected consequence of constant rise in btc value.
1. Increase the amount of dollars to buy the predefined amount of satoshis.
2. Buy as much as you can for 100$
This is expected consequence of constant rise in btc value.
I think investing in Bitcoin with such a small amount of money will be very difficult for you to buy a reasonable amount of BTC. Instead, you can invest in other Altcoin, more money, more profit and a lot safer than Bitcoin.
You are correct about the difficulty continuing to rise with investment in bitcoin. However the investment in altcoin is not safer at all. We all know that altcoins have very short life and mostly used for the pump and dumps. Altcoins are good for trading to earn some quick profit if you are following it thoroughly. Otherwise reliance on the altcoin will very dangerous. If you look at the next five altcoin to the bitcoin then you will notice that only ethereum, bitcoin-cash, ripple have somewhat good market capital. It would be better to change the strategy of monthly to bimonthly or quarterly.
I can't quite agree with your point
You seem to be inadvertently confusing altcoins with shitcoins. All shitcoins are altcoins by definition, but not all altcoins are shitcoins (logic for dummies). In this way, major altcoins (my personal preference is Litecoin but it is certainly not alone as a major altcoin) are not a lot riskier than Bitcoin investments. Yes, Bitcoin has been rising big way recently while altcoins mostly stagnated (in dollar terms), but that only means that it has been more profitable these days. You can't say that it is less risky or a lot less risky than top altcoins (read the latter are not safe)
Just go in too a trust able exchange like bittrex and sell your dollars or euros for bitcoin there i bought it from there but remember do not overbid it because that will give you a loss it is always a beginners mistake to overbid.
legendary
Activity: 2898
Merit: 1253
Call your grandparents and tell them you love them
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.
Welcome to the world where the price of an article being 10BTC today becomes 1btc tomorrow. Since the start of the crypto market this has been happening. Now that bitcoin price is high I can understand you problem but there is not much you can do about it except that cashing out would be profitable to a large extent.
Quote
What do you think how to tackle the problem of investing in bitcoin on regular basis with prices going high and higher?
Personally I am holding bitcoin and not transacting much. However if you need to do regular transactions then I suggest buy smaller amounts of bitcoin keep the USD equivalent of that amount of bitcoin equal in all cases. 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?
I believe that we should still buy no matter the amount one can get from bitcoin. Our reality is here, bitcoin is hardly possible anymore, but being discipline is still a viable option i guess, to have profit to bitcoin, we neef to be patient and decipline
Looking at the price now, it seems hard to just buy immediately because you would only get a little amount of satoshi in your wallet but if you do the dollar cost averaging then it won't hurt that much to see the price go up or down because you have the average of it. One thing also is to buy in the dip, with the incoming hard fork, there is an expected dip after that so maybe it would be the opportunity for you to buy bitcoin.
In the psychology of a market cycle, we maybe in the period of thrill or euphoria now. We don't know when it will end but at some point, buyer steam would be weaker and that's the time the price would slowly go lower. Those who are already experienced in trading knows this cycle that's why they know when to buy and sell and see whale activity and when the price is down, that's the time to buy.
In the psychology of a market cycle, we maybe in the period of thrill or euphoria now. We don't know when it will end but at some point, buyer steam would be weaker and that's the time the price would slowly go lower. Those who are already experienced in trading knows this cycle that's why they know when to buy and sell and see whale activity and when the price is down, that's the time to buy.
for the price of bitcoin at this time is very heavy I guess to be able to have bitcoin as before. but for some people it is no different for those who sell their bitcoin that has been bought when it is cheap and sell it now. I myself since bitcoin experienced a significant increase never again buy and just get bitcoin through work and exchange it with bitcoin then this is the capital I use today 
I think its best to trade along the margins if you have a good foresight by buying and selling within short times in order to grow your money to be able to buy more and then repeat the process until you have so munch more than you started with but all this comes with luck and skill in trading.
Idk, do you feel like your stack is big enough? Do you feel like we're going to go higher over the long term? Buys every two weeks or months (dollar cost averaging) is the smartest thing you can do to mitigate your risk. It's a good investment strategy.
This is the best advice I've seen, and it doesn't just apply to bitcoin. Any long term, significant investment is best made through dollar cost averaging so as to even out the price variance of buying assets at any one time. That said, it doesn't do anything to address the OP's question about what to do now that bitcoin is so expensive, but that's just the nature of the beast. Bitcoin is worth a lot more than it was last year, your $100 investment isn't going to move the needle much any more. There's no remedy for that. At this point, I'm not even dollar cost averaging new bitcoin purchases, because this price level doesn't seem to me to be sustainable.
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.
That’s fairly true actually. Because there is no point in making investment which are not affordable to oneself. I mean if I can afford to invest $100 then I should be happy with $150 and if I’m able to afford that $1000 then it’s obvious to get 1500 profit. There is no difference.
You have given good point here which talks straightforward. You will get whatever you invest and you will loose whatever you invest. So better make some calculations really to train your so called money. ;-)
Just continue to dollar cost average, this is the safest and best bet. Ride the highs and the lows with little stress.
Jump to: