Topic: How to train your money for costly bitcoin? - page 4. (Read 1772 times)

I have a cheeky little solution but I am assuming that you are earning something in bitcoin every month. So instead of investing what you earn in fiat. Go for investing the bitcoins you earn. Take a fixed amount of bits for regular purchasing. This way you can tackle the problem of increasing price and moreover gain from the rising prices.

This is very good question that you have put forth in front of the community. Because truly its getting difficult to decide how much money to be spent on bitcoin each week. It should be regardless of the prices because we know that the price for bitcoin will grow in the future. But its difficult when it pumped to 7K in a single night. I mean that unimaginable pump and anyone can get scared with such hikes and there are more than thousand questions which ask for how to do it, when to do it. Really getting tough day by day. If it is steady growth then we are completely fine but if it is something like this form 3k to 7k straight in two to three days then thats difficult to decide really.

If you are tied to the dollar then I don't see any problems. What's the difference how many coins you bought? If you bought 1 bitcoin and it will bring you a profit of 100 dollars now of investment of a few thousand Satoshi bring you an income of $ 200. I don't see any problem. Can only be moral, but you do rejoice when the price of bitcoin is increasing.

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 the best way to do now is to earn from bitcoins since it is in the highest price like selling and trading. and then keep the profit and wait for the price to go down deep to buy bitcoins. and the second options is to work, do a jobs that earns bitcoin in that way it will double the profits.

I think it's better not to look at the amount of satoshis you got on your fiat rate, but to see the percentage growth along your investment. It's cold hard fact that buying a significant portion of BTC is hardly possible anymore, but being discipline is still a viable option i guess, how bout switching to ETH or a longer term investment like mining stuff? Anyway everything is just same if you look at the bigger picture, less satoshi but when it grow 20% also your fiat profit is still 20%. If you keep thinking on $100 investment are too 'dusty', consider going for alts where margin profit is higher rather than Holding for months for 50% growth, ALTs would bring your further than that.

One of the good example of why we can't just go straight to the point that Bitcoin will be used as a regular currency. This age is so young that we must learn how to use it for the sake of the future generations. The pioneers in the crypto world will be the one who will get rich because they've accumulated some big amount of btc and they are using this advantage, and because we have this outstanding technology the later people who will know and understand this currency will make this as an investment too and the process will continue and we don't know how long.
Some experts are saying that bitcoins price can go up to 1 million dollars.

The only solution I know is that invest some pretty large amount now and meanwhile observe the price and make it as an investment. Is so ineffcient to use it as a regular currency nowadays. Just sayin'.

I further agree with what you were trying to say. There is no less risk when your waiting for the lowest possible price for bitcoin, besides its never really a good idea to just wait on dips and buy, but it will soon to follow those regrets that are at the end when you try to buy at the peak. Bitcoin fluctuation nowadays is literally mind breaking to guess or analyze.

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.

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.

Well, you are implying that the BTC price will keep going up with no signs of stopping, which actually it's not likely to happen. The surge in the price in the last few weeks is due to several reasons (hard fork, CME group, rumours about chinese exchanges coming back, etc, etc) so this isn't something that we're going to see very often, in fact, we could probably return to the steady increase in the price like we used to have months ago after the hardfork, and most likely the 'new ATH every 3 days' trend could come to and end.

For now, if anyone wants to invest in Bitcoin I would probably recommend a weekly strategy (you have more control and the risk is lower), maybe put some cash every monday, and analyse the market environment every friday/saturday in order to see the results of the investment and approach the next week more objectively on whether you should put more money or less money on monday.

It's not that altcoins aren't safe, it's just that people misunderstand the concept of short-term investement and long term investement, but also each investor needs to evaluate the risks according to their goals. Anyone who has been involved in cryptocurrencies for a while now knows that Altcoins can be profitable. Also, comparing Bitcoin with altcoins is unfair, especially when BTC has a 62.5% dominance in the cryptocurrecy maket.

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 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.

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

I agree with most of the comments here. If a fixed monthly allowance for bitcoin investment is no longer buying "enough" satoshi, then might as well just buy during plunges. Of course, that would mean you would have to keep the money elsewhere where it would be easy to use it to snag up cheap coins.

I'm curious, how quickly can you peeps move your money from a bank to an exchange? Do all banks in your country already have tie-ups with exchanges? Coz right now, letting them accumulate first seem to be the way to get more satoshis per dollar.

I suggest that there should be no desperation about buying of bitcoin rather wait for a retracement to jump into.

Meanwhile, for people who have been investing weekly or monthly on bitcoin, you can also save up to accumulate your intending investment for like two months and by that time, you might be lucky the price might fall.

I never said that I'm not feeling sad. Here the point which i'm trying to raise 'Some people were investing in bitcoin on regularly like $100 dollars per month. Now that price of bitcoin has gone sky-high. 'which strategy would work better for those'. Some suggestions about instead of investing on regular basis that on monthly, go with big stash like double monthly $200 or quarter 400 dollars. That would save the transaction charges and give the leverage of buying more bitcoins. At the same time when there is dip in price then we could buy in bulk. Just like now the price is back to 7100 dollars from the 7500 dollars. That is a dip. Buy coins at that point.

Hey
Remember this there are some people here who can't afford to invest in bitcoins and they just store what they get in signature campaigns and get them cashed out when they need , infact 100 dollars if you are investing monthly then for the long term you are going to make a good profit out of it .
Also you can take loan from a bank or somw friend and invest as many as you want and makw tht 100 dollars as your installment and then pay them back monthly and add up if you want to .
There isn't any amount too big or too small or too irrelevant, you just need to know what you can do to increase your chances of profit.
And just to give you an example, my friend invested 50 dollars in stock market .. Within 1 day he had 150 dollars .
Be meticulous , alert and organized doesn't matter how small you are investing.. You are investing and thats a big deal.. best of luck

We have to understand our reality that bitcoin has gone beyond the reach of ordinary men and women. A hundred dollars that looks big before is now like a cent in the current bitcoin pricing. I believe that we should still buy no matter the amount one can get from bitcoin. Our reality is here, currently you cannot get big amount of satoshi with 100$ again and the truth is that we don't know  were this trend will end but,  I think is going to last for a long time. We have to seriously hold the one we are having now as most of the one we have sold have make other people a millions of dollars now.