Is it wise to invest 1k into Bitcoin at this point? - page 2.

EdenHazard

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Quote from: snowdropfore on August 16, 2017, 11:38:23 PM

get in as soon as possible, it is not too late ,it does not matter what price you buy,3000,or 4000. all you have to do is holding

yes , the price could still rising to unlimited value ! as an early adopter said and did , they will never cashout their bitcoin until it has reached $1 million dollar or at least $100k! so your $1k could still turn up to 100 times , nobody knows about that right ?

take a risk now or crying and regret later , just like when you see the price of bitcoin only $10 7 years ago and now it is $4,500.

sapnu

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Quote from: Fun4Me2 on August 16, 2017, 12:38:42 PM

What is your input?

Yes, because at this moment, and as we are seeing right now, Bitcoin is on fire. Continuous increase on it market value is happening. If you'll invest now and buy Bitcoin, you'll just hold it and see how high will bitcoin increase. It will be a good decision to invest at this point where Bitcoin is more in demand as it was before.

flounderella

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harizen

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Quote from: Fun4Me2 on August 16, 2017, 12:38:42 PM

What is your input?

Wise or not, go throw it away on bitcoin.

If you are here in the forum way back when the price was still on $1,000 for the first time since the last time it happened, there are some questions about if it's too late to ride the wave? Hesitation coems up to the mind of others and instead of buying they want to wait for more dips but it didn't happened. And still the same concern was being brought up while the price is increasing. If you look chronologically, the price suffers price crash but in the end, the rise is way more higher.

Now come to think of it after all those happenings. Do you think it's wise to invest on bitcoin right now?

Cranidos

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Quote from: Fun4Me2 on August 16, 2017, 12:38:42 PM

What is your input?

Of course. I always wanted to buy some Bitcoin but I cannot since I cannot afford to buy some even at a small percentage. Not that I am so poor or something, I just do not have some money now that I can afford to lose. If you will invest 1000 USD now, it might gain profit since all are seeing Bitcoin boarding a new rocket.

skorupi17

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At this point? I have to say yes to that. If only I have 1000 USD in possession, I will definitely invest it to Bitcoin immediately. I am pretty confident that Bitcoin will still increase in price. The only question for you is for how long do you need/want to hold your Bitcoin? If it is for a short period of time only, you might not get a lot or even lose some; but if you will hold 'em for a long period of time, a year or so, then I suggest that you get on board now!

Carlsen

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It depends on how necessary that money is for you.
If you say that you would invest that money anyway into something, then go ahead.
If you think it's a good way to make profit in a short time because you need the profit, be careful.
I would not see bitcoin as a short term investment.
To be on the safe side, I would calculate with some time to sell it again.

Pleione527

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If you're planning to invest it for a long term investment I would suggest yes because I believe bitcoin is still undervalued and that it would probably increase after some quite time. But if it's for short term investment better wait till the price goes down because as of this time the value of bitcoin is really high and you might not earn if you invest now

LavaJack

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Quote from: snowdropfore on August 16, 2017, 11:38:23 PM

get in as soon as possible, it is not too late ,it does not matter what price you buy,3000,or 4000. all you have to do is holding

This is right. It's currently in a bull market with no forseeable major negative catalyst, except for another hard fork in november (which, by all means, means nothing for the bitcoin network but the market will move sentimentally).

snowdropfore

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get in as soon as possible, it is not too late ,it does not matter what price you buy,3000,or 4000. all you have to do is holding

ASHLIUSZ

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Right now investing with bitcoin is good decision. As the price increase taking place in multiples of 100$ and above surely even a 0.1btc gives a profit to the invested amount. So 1k it's quite possible to buy more than 0.2 btc which can get a good profit. Maybe the same if held for years can benefit good in future.

ajmapalo22

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At this point it's quite risky if you invest 1K because I think the value of bitcoin is high enough for this year, Maybe bitcoin value will continue to increase but for this year I think it has reach it's maximum amount...better wait when the value of bitcoin crashed again since it continue to fluctuates. The best time to invest is when the price is low and sell when the price is high.

angaper

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Any investment in highly volatile instruments will always involve risks inherent to any investment of this nature, since no one in this forum or any other specialized site has been able to predict the bitcoin behavior in the long or medium term. But if you can afford to risk that money, it can certainly be a good decision although you could expect for some correction to buy below $4000.

Adbitco

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I would advise you to watch the market for some time before you actually buy bitcoins. The volatility is at peak and the chances are such that you might end up losing your money especially if you are looking for quick gains and don't intend to hold it for long but ultimately it's a decision you have to take on your own. Although there might appear fair chances of bitcoin prices going up but don't ignore the possibility of them going down too altogether.

ultrloa

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Buying bitcoins for now is very good decision but if you can wait for little backward dip then you might earn good with it at this moment. But If you speculate something good will be happen on bitcoins then you should buy right now since bitcoins price is pretty fast moving and the price rage is getting more faster and maybe for now we can see some great major lift until 5000$ will be reached.

john2231

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Well buying bitcoin is always good decision so if you really want to make a good profit better to invest it in bitcoin and hold it for a long time. . but first wait for the price to decrease first a little bit just to get the benefits of the price dump and pump..
Wait for a good timing this is why other can make a good profit daily.. even you are seeing a huge price increase there is possibility that the price of bitcoin can be increase more soon..

richardsNY

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Quote from: sock_info.doNOT.send.$ on August 16, 2017, 06:15:49 PM

People who ignore the down moves are not making max returns.

Most people are too dumb to benefit from the volatility that this market offers to people. It's not for nothing that people end up selling at a loss when the price is tanking big time -- they just blindly invest in Bitcoin just assuming they will make some quick profits. Fact is that if you need to hear from others whether or not it's a good time to invest in Bitcoin, you don't know what you are doing, and you're obviously not ready for the volatility. These people are purely gambling as there is no thought or analysis to their actions.

sock_info.doNOT.send.$

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Only if you have more to throw in later, when prices are much lower. This market is moving, in both directions, every day. Be prepared to sell part of what you buy today for a fast profit, and buy back cheaper. People who ignore the down moves are not making max returns.

yoseph

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Quote from: Fun4Me2 on August 16, 2017, 12:38:42 PM

What is your input?

When it comes to Bitcoins, it's never too late to invest, if you have the fujds, I'd advise that you invest more into the currency. This is one sure investment that is sure not to fail at all, it maybe a while but you are going to see profits eventually.

darkangel11

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Don't let others control your BTC -> self custody

It's worth it, just note that it may take a year or more for bitcoin price to raise by 50%, and even in such case you'll only earn $500, which isn't anything big. Best case scenario in a year you'll make enough to buy a new PC.
Worst case scenario we'll have a large correction, like the one throughout 2014 and you'll have to wait for another 2 years to profit.

Topic: Is it wise to invest 1k into Bitcoin at this point? - page 2. (Read 2087 times)