Author

Topic: How to train your money for costly bitcoin? (Read 1824 times)

legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
January 18, 2018, 03:26:02 AM
#90
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.
hero member
Activity: 2870
Merit: 574
Vave.com - Crypto Casino
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.
full member
Activity: 504
Merit: 107
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.
sr. member
Activity: 2366
Merit: 332
December 07, 2017, 02:18:20 AM
#87
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.
sr. member
Activity: 686
Merit: 277
November 27, 2017, 12:06:16 AM
#86
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.
sr. member
Activity: 420
Merit: 256
اللعنة
November 26, 2017, 10:42:30 PM
#85
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.
member
Activity: 350
Merit: 10
November 22, 2017, 10:44:33 PM
#84
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.
legendary
Activity: 1232
Merit: 1029
November 22, 2017, 09:37:05 PM
#83
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.
full member
Activity: 182
Merit: 100
November 22, 2017, 04:57:36 AM
#82
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.
hero member
Activity: 896
Merit: 502
November 22, 2017, 04:47:39 AM
#81
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.
sr. member
Activity: 770
Merit: 268
November 21, 2017, 11:31:19 AM
#80
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.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
November 21, 2017, 02:54:29 AM
#79
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.

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.
sr. member
Activity: 1033
Merit: 250
Leading Crypto Sports Betting & Casino Platform
November 19, 2017, 08:59:53 AM
#78
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.
hero member
Activity: 2870
Merit: 574
Vave.com - Crypto Casino
November 18, 2017, 07:54:05 PM
#77
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.
hero member
Activity: 2926
Merit: 640
November 18, 2017, 07:08:31 AM
#76
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.
hero member
Activity: 1204
Merit: 505
November 18, 2017, 01:09:11 AM
#75
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.
sr. member
Activity: 1148
Merit: 251
November 16, 2017, 06:14:28 PM
#74
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.
legendary
Activity: 3122
Merit: 1140
November 16, 2017, 06:05:34 PM
#73
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.
legendary
Activity: 2576
Merit: 1860
November 16, 2017, 05:58:11 PM
#72
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.
full member
Activity: 168
Merit: 100
reading.......
November 16, 2017, 05:35:33 PM
#71
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.
legendary
Activity: 2534
Merit: 1338
November 16, 2017, 02:51:35 PM
#70
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.
sr. member
Activity: 812
Merit: 272
November 14, 2017, 02:44:58 AM
#69
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.
legendary
Activity: 1386
Merit: 1020
DGbet.fun - Crypto Sportsbook
November 13, 2017, 01:18:08 PM
#68
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.
legendary
Activity: 2534
Merit: 1338
November 13, 2017, 12:40:40 PM
#67
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.
Investing 500 dollars in bitcoin is not that bad of an idea but it depends on how frequently you can do it, if you can do that once a month then investing that amount on bitcoin is fine but if that is the only money you can invest in the foreseeable future then it may be a good idea to invest in some altcoins and maybe in some icos that show promise, I know it can be hard to admit we lost a great opportunity to make a lot of money with bitcoin but there is nothing to be done except to wait for the next chance.
full member
Activity: 363
Merit: 101
November 13, 2017, 09:08:12 AM
#66
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.
full member
Activity: 182
Merit: 100
November 12, 2017, 10:05:53 AM
#65
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.
You are right we will have to I know the real price and the value of the bitcoin because as the time going the bitcoin is being very high in the price but for this we will have to know the best valuable price and the bitcoin will help a lot of the people to grow and to increase the power of the bitcoin I hope the bitcoin will be the future of the money and the future of the money will be bright with the investment of the bitcoin.
full member
Activity: 287
Merit: 102
November 11, 2017, 02:16:25 AM
#64
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.
legendary
Activity: 1540
Merit: 1003
November 10, 2017, 08:50:05 AM
#63
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.
If you are waiting now for this coin to dump then this is one of your big mistake so if you are willing to invest into this coin then invest now because price has already crossed 7.5k and soon it will be near 10k and that time will be the profit seeking rather than buying and at that time rather than you regret so invest now so that you can earn at that time and bitcoin is best at profit giving once put believe and earn.
full member
Activity: 140
Merit: 100
November 10, 2017, 06:27:55 AM
#62
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.
hero member
Activity: 896
Merit: 520
November 10, 2017, 05:27:48 AM
#61
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.
full member
Activity: 140
Merit: 100
November 10, 2017, 05:02:49 AM
#60
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.
newbie
Activity: 28
Merit: 0
November 10, 2017, 04:55:20 AM
#59
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.
hero member
Activity: 3010
Merit: 794
November 10, 2017, 04:18:00 AM
#58
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.
Just remember to allocate your funds into in a wise way which you would really only invest on the amounts which are extra and not being used on your daily expenses or living because we do know bitcoin investment doesnt guaranteed to last forever thats why we should really expect on those unexpected things to happen on which if we do only invest amounts that we can afford to lose up then it wont really make us totally wreck.
sr. member
Activity: 851
Merit: 254
Borderless for People, Frictionless for Banks
November 10, 2017, 04:11:00 AM
#57
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..
hero member
Activity: 896
Merit: 514
November 10, 2017, 03:11:23 AM
#56
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.
hero member
Activity: 2268
Merit: 789
November 09, 2017, 07:05:08 PM
#55
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?

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!
full member
Activity: 196
Merit: 100
November 09, 2017, 06:58:56 PM
#54
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.
full member
Activity: 238
Merit: 108
November 08, 2017, 04:44:33 PM
#53
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
member
Activity: 70
Merit: 10
November 08, 2017, 04:11:23 PM
#52
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 !!
legendary
Activity: 2534
Merit: 1338
November 08, 2017, 03:39:25 PM
#51
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.
full member
Activity: 322
Merit: 103
November 08, 2017, 01:39:39 PM
#50
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
hero member
Activity: 1274
Merit: 519
Coindragon.com 30% Cash Back
November 08, 2017, 11:37:32 AM
#49
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.

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.
Aba
full member
Activity: 431
Merit: 100
November 08, 2017, 11:04:00 AM
#48
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.
hero member
Activity: 1246
Merit: 529
CryptoTalk.Org - Get Paid for every Post!
November 08, 2017, 08:54:16 AM
#47
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?

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
member
Activity: 294
Merit: 10
November 07, 2017, 11:11:20 PM
#46
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.
full member
Activity: 260
Merit: 104
November 07, 2017, 10:09:40 PM
#45
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.
full member
Activity: 182
Merit: 100
November 07, 2017, 07:40:26 PM
#44
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.
sr. member
Activity: 854
Merit: 257
November 07, 2017, 07:15:51 PM
#43
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.
hero member
Activity: 2842
Merit: 772
November 07, 2017, 07:51:17 AM
#42
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.
legendary
Activity: 1652
Merit: 1000
November 07, 2017, 07:31:54 AM
#41
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
sr. member
Activity: 420
Merit: 250
November 07, 2017, 05:46:59 AM
#40
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.
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
November 07, 2017, 05:26:11 AM
#39
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)
newbie
Activity: 26
Merit: 0
November 07, 2017, 05:08:34 AM
#38
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
So anyway, I applied as a merit source :)
November 07, 2017, 03:45:40 AM
#37
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.
full member
Activity: 344
Merit: 105
November 07, 2017, 03:38:11 AM
#36
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 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
sr. member
Activity: 644
Merit: 261
November 06, 2017, 09:00:49 PM
#35
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.
sr. member
Activity: 686
Merit: 253
November 06, 2017, 07:17:20 PM
#34
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  Smiley

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.
legendary
Activity: 2044
Merit: 1115
★777Coin.com★ Fun BTC Casino!
November 06, 2017, 06:19:36 PM
#33
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.
sr. member
Activity: 700
Merit: 300
November 06, 2017, 02:18:30 PM
#32
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. ;-)
legendary
Activity: 1540
Merit: 1029
November 06, 2017, 02:06:39 PM
#31
Just continue to dollar cost average, this is the safest and best bet. Ride the highs and the lows with little stress.
sr. member
Activity: 728
Merit: 275
November 06, 2017, 01:42:49 PM
#30
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.
sr. member
Activity: 658
Merit: 260
CryptoTalk.Org - Get Paid for every Post!
November 06, 2017, 01:20:05 PM
#29

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.

sr. member
Activity: 434
Merit: 255
November 06, 2017, 10:20:31 AM
#28
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.
full member
Activity: 255
Merit: 100
November 06, 2017, 10:13:27 AM
#27
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  Smiley
full member
Activity: 406
Merit: 105
November 06, 2017, 10:12:58 AM
#26
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 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.
full member
Activity: 644
Merit: 117
swing!
November 06, 2017, 09:58:23 AM
#25
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.
hero member
Activity: 648
Merit: 502
November 06, 2017, 09:43:38 AM
#24
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?

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'.
legendary
Activity: 1022
Merit: 1043
αLPʜα αɴd ΩMeGa
November 06, 2017, 09:41:51 AM
#23
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 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.
sr. member
Activity: 770
Merit: 268
November 06, 2017, 08:16:55 AM
#22
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.
copper member
Activity: 1050
Merit: 294
November 06, 2017, 08:01:52 AM
#21
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.
hero member
Activity: 714
Merit: 500
November 06, 2017, 07:35:01 AM
#20
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.
hero member
Activity: 2086
Merit: 994
Cats on Mars
November 05, 2017, 11:49:51 AM
#19
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?
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.

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.
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.
sr. member
Activity: 770
Merit: 268
November 05, 2017, 11:07:42 AM
#18
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.
full member
Activity: 241
Merit: 100
November 04, 2017, 01:47:21 PM
#17
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.
hero member
Activity: 672
Merit: 500
November 04, 2017, 11:48:08 AM
#16
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
hero member
Activity: 1764
Merit: 584
November 04, 2017, 10:26:13 AM
#15
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.
hero member
Activity: 2660
Merit: 630
Vave.com - Crypto Casino
November 04, 2017, 07:21:13 AM
#14
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.
sr. member
Activity: 770
Merit: 268
November 04, 2017, 07:09:07 AM
#13
You are feeling sad that for $100 of money,you get only few satoshis.Instead,you should see that how much value your invested satoshi grows in future.For example,if BTC price is $7,195 and if it increases to $8,000,the your invested amount would raise to $111.

We have to just consider about the increase in our invested amount and not to worry about having more satoshis or bitcoin as a whole.

If you still feel that you are not able to buy a whole bitcoin,definitely you are too late to enter in to the game.
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 $200 or quarter 400 dollars. That would save the transaction charges and give the leverage of buying more bitcoins. At the same time when there is dip in price then we could buy in bulk. Just like now the price is back to 7100 dollars from the 7500 dollars. That is a dip. Buy coins at that point.
hero member
Activity: 1890
Merit: 831
November 04, 2017, 01:08:17 AM
#12
Hey
Remember this there are some people here who can't afford to invest in bitcoins and they just store what they get in signature campaigns and get them cashed out when they need , infact 100 dollars if you are investing monthly then for the long term you are going to make a good profit out of it .
Also you can take loan from a bank or somw friend and invest as many as you want and makw tht 100 dollars as your installment and then pay them back monthly and add up if you want to .
There isn't any amount too big or too small or too irrelevant, you just need to know what you can do to increase your chances of profit.
And just to give you an example, my friend invested 50 dollars in stock market .. Within 1 day he had 150 dollars .
Be meticulous , alert and organized doesn't matter how small you are investing.. You are investing and thats a big deal.. best of luck
sr. member
Activity: 882
Merit: 282
November 04, 2017, 01:03:23 AM
#11
We have to understand our reality that bitcoin has gone beyond the reach of ordinary men and women. A hundred dollars that looks big before is now like a cent in the current bitcoin pricing. I believe that we should still buy no matter the amount one can get from bitcoin. Our reality is here, currently you cannot get big amount of satoshi with 100$ 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.
hero member
Activity: 686
Merit: 500
November 04, 2017, 12:49:19 AM
#10
You are feeling sad that for $100 of money,you get only few satoshis.Instead,you should see that how much value your invested satoshi grows in future.For example,if BTC price is $7,195 and if it increases to $8,000,the your invested amount would raise to $111.

We have to just consider about the increase in our invested amount and not to worry about having more satoshis or bitcoin as a whole.

If you still feel that you are not able to buy a whole bitcoin,definitely you are too late to enter in to the game.
sr. member
Activity: 910
Merit: 257
November 03, 2017, 11:53:37 PM
#9
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?
Maybe, you should lessen your buying times for now but double or triple your buying amount everytime you buy. Or maybe, buy after the November fork, most probably we can see a correction on the price after that , you can then buy as much as you can.
full member
Activity: 602
Merit: 129
November 03, 2017, 11:42:38 PM
#8
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 suppose if you have invested it on the second chance of bitcoins downfall on the china ban you would have a huge valued price over now. I think our chance now is to wait for another bitcoin fall and put more money on it and wait for few months. But would not recommend strongly because it has risks involved i know you know it but it is not that high it would depend on your basis.
sr. member
Activity: 602
Merit: 252
November 03, 2017, 10:47:52 PM
#7
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?

An investment in Bitcoin shouldn't be considered big or small, given that you're putting in $100 per month and going for the long haul. Over years, the same investment that you would consider 'small' and 'not so worthy' would've grown into thousands and with the ever increasing price of Bitcoin, you would've made more profit that investing in banks which offer mere interest rates.
legendary
Activity: 966
Merit: 1042
November 03, 2017, 10:01:53 PM
#6
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.
legendary
Activity: 2534
Merit: 1338
November 03, 2017, 09:59:41 PM
#5
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.
hero member
Activity: 1190
Merit: 525
CryptoTalk.Org - Get Paid for every Post!
November 03, 2017, 10:50:36 AM
#4
If you don't want to accumulate higher amounts of money in fiat to buy BTCs, you can still buy $100 in BTCs and let it on the exchange without the need of transactions. Every month you buy your $100 and accumulate it on the exchange balance, when you have a decent amount of satoshis you can move it.

This way you don't waste time with money in fiat, you will always have some money in satoshis to grow its value.
legendary
Activity: 2436
Merit: 1362
November 03, 2017, 10:38:28 AM
#3
its a tricky one for sure, i mentioned this before.
the fees is what is killing the prospect of investing
small amounts of FIAT to BTC [or anything to bitcoin]
and also for your small amount of FIAT you get a
very small fraction of BTC

I suppose the options are either to invest the same
amount but in half the transactions so your $100
becomes $200 to invest at a time bit once per month
instead of $100 twice per month for example.
this should attract lower fees.

or accumulate each of those $100 and wait for a
price drop which will happen but not a often as
you would like.

sr. member
Activity: 994
Merit: 302
November 03, 2017, 10:36:01 AM
#2
Yup, that is the problem now, how to keep buying bitcoin as it becomes less and less affordable. Maybe rather than buying bitcoins monthly, maybe you can let them accumulate first? What I mean is, maybe leave them for some expected decrease in price. As it is now, there seem to be at least 2 every year. When there's a plunge, you can then use this allocated money to buy bitcoins.

Just a thought though, I'm not sure how it'll work in practice.
sr. member
Activity: 770
Merit: 268
November 03, 2017, 10:22:09 AM
#1
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?
Jump to: