Is it wise to invest 1k into Bitcoin at this point? - page 3.

jorrit

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Quote from: laurenB7742 on August 16, 2017, 02:48:14 PM

Depends on your goal. If you're investing, I mean on the long run, then anytime is good. But if you want to make quick buck, buying low, selling high, then you should wait because there will be a dump to 3000 or something like that. But you will need to catch that moment because soon after that, the price will go up again.

Can you explain why you think this will be the case? Have you observed this pattern previously?

laurenB7742

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Vaccinized.. immunity level is full.

Depends on your goal. If you're investing, I mean on the long run, then anytime is good. But if you want to make quick buck, buying low, selling high, then you should wait because there will be a dump to 3000 or something like that. But you will need to catch that moment because soon after that, the price will go up again.

cr1776

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Quote from: Fun4Me2 on August 16, 2017, 11:38:42 AM

What is your input?

I've seen people asking that (not necessarily that amount) since 2010 and the answer is that no one knows, but if you believe in the transformative ability of bitcoin, that should give you a good idea.

rarkenin

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Quote from: Scorpion on August 16, 2017, 02:10:48 PM

I am not a financial adviser, you are responsible for your own decisions, you should take the time do your own research and come to your conclusions. But you Bitcoin is $4,300 each right now and easily hit $9,000 by the end of the year, essentially doubling your money in 4 months or so.

Bitcoin is good investment but you should hold your bitcoins for a long time to take advantage of today's time/price ratio. It it never late to buy and keep bitcoin imo..

BitcoinExpart

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Invest in Bitcoin always profitable, past result something like indicate that. Bitcoin going to the moon, after segwit active a tremendous impact on Bitcoin price. It is called worth investment.

Scorpion

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Bitcoin OG

I am not a financial adviser, you are responsible for your own decisions, you should take the time do your own research and come to your conclusions. But you Bitcoin is $4,300 each right now and easily hit $9,000 by the end of the year, essentially doubling your money in 4 months or so.

bitbunnny

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I believe it is if you can afford to invest that much. Could be that the price will be dumped a little, but it could also get up in the upcoming days. Anyway, in both scenarios you will make profit if you buy Bitcoins because the price will for sure rise and on that high invested amount you could earn a very nice sum. It's not impossible to see 5000$ even this year.

Basmic

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I think that we saw too rapid a price rise so it was a real. I wouldn't now buy bitcoin. Probably need to wait. Towards the end of August, the price should stabilize and show your real figure. This price as it is now should be the end of the year.

hosseinimr93

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Quote from: wearepoor on August 16, 2017, 01:36:15 PM

Quote from: Fun4Me2 on August 16, 2017, 11:38:42 AM

What is your input?

I think you should wait for some time, there will be slightly correction in the bitcoin value. Once the price is low you can buy the bitcoin at lower price. But as per me 1K is very less investment, you should invest little more if you want to see more profit.

It is possible to wait and buy at a price a little lower than current. But we don't know what will happen. We might see much higher price in coming days. In my opinion the risk doesn't worth it. Think about long-term and invest right now.

jak3

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of course, bitcoin is right now is a movement which will make a guaranteed profit everyone is possibly extracting profits from the markets as much they can. bitcoin was always the best option for the long term investments but now it is even the best possible investment which can make you rich in just 1year or if not then of course in 2years. it is generating profit in extream rate and I am sure banks are already roasted due to their jealousy and hates.

wearepoor

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Quote from: Fun4Me2 on August 16, 2017, 11:38:42 AM

What is your input?

I think you should wait for some time, there will be slightly correction in the bitcoin value. Once the price is low you can buy the bitcoin at lower price. But as per me 1K is very less investment, you should invest little more if you want to see more profit.

CarnagexD

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Quote from: michkima on August 16, 2017, 12:01:08 PM

Quote from: Fun4Me2 on August 16, 2017, 11:38:42 AM

What is your input?

1k isn't much to be honest. Though I would say that it is still good to invest into bitcoins. I would say before the end of the year we could
even reach $10,000 each at this rate. Also, after all the drama about the forks the past couple of months this is really a good time to invest
as it has already been cleared and bitcoins is gaining a lot of popularity.

It is not much but it will do. Because the opportunity on having a profit out if Bitcoin even if the captain is small is the same. It just happened that you are just wasting an opportunity to earn more in the future. But actually it is not bad to deal with small start investment. You could not obliged yourself on having money you actually not have. But in a hard work and the right time there is a higher possibility that you could earn more as much you could have a better option on earning.

25hashcoin

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No. I would buy a few Bitcoin Cash though.

smartbitcoininvestor

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It really depends on your investment strategy and patience level. If you are holding Bitcoin for the long haul (more than 6 months) then anytime would be a good time to buy in. Of course, timing the price so you get a good value is both a good idea and risky at the same time.

Who knows when the price will go up to $5000? There is little chance of it dropping to $0, so you really have to do a risk assessment on the market and yourself.

Either way, most of the world is skeptical or just now learning about Bitcoin, so there is still major opportunity ahead especially with its limited supply and expanding uses.

You could gamble on cheaper altcoins and then invest the profits into Bitcoin, but imo that is more risky than buying Bitcoin flat out.

Sumaiya55

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You should probably see the prices and the ups and downs in them from last 7 days or so, and you will have a clear idea if it is a good time to invest or not. Well, if i had that money and i was looking to invest them somewhere, i would do it of course, seeing the potential bitcoin has in future that is something i couldn't ignore at all, but, as it is always said, "Listen to everyone, do what you think is right."

bamboylee

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The price is soaring high and it is almost at its current resistance level. You could buy when it drops a bit like 4K or less. You could buy some alts though, they are all red this past few days. They will make good profit when the price stabilize a bit.

Yakamoto

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Quote from: Fun4Me2 on August 16, 2017, 11:38:42 AM

What is your input?

It's not necessarily a bad idea, I wouldn't be against it, but there's a lot of money they can be made off of investing in other cryptos, using Bitcoin as a means to trade them. While it comes down to pump n dumps, and there's a fair amount of volatility and variability (especially since no crypto will ever stick around for long once it hits its own pump stage), there is a lot more value in this activity than passively waiting for the Bitcoin market to go up or down. Investing in Bitcoin as a tool, and less as a "real" investment, and start to put money into shitcoins and make money off of their own markets.

bendri

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Quote from: michkima on August 16, 2017, 12:01:08 PM

Quote from: Fun4Me2 on August 16, 2017, 11:38:42 AM

What is your input?

1k isn't much to be honest. Though I would say that it is still good to invest into bitcoins. I would say before the end of the year we could
even reach $10,000 each at this rate. Also, after all the drama about the forks the past couple of months this is really a good time to invest
as it has already been cleared and bitcoins is gaining a lot of popularity.

zokora

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I suppose 1k is too much for you. You invest in bitcoin if you can forget this money for a long time. Bitcoin will increase upwards for sure but it may have big corrections in this time. You have to hold and forget about this money.

Betwrong

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Quote from: Fun4Me2 on August 16, 2017, 11:38:42 AM

What is your input?

Although several people in this thread suggest to invest in other altcoins and some suggest to invest in both, alts and BTC, I think if you have little to nothing knowledge about alts it's better to invest in Bitcoin solely. Bitcoin has now great potential and it is possible, like michkima said, that the price might reach $10k by the end of this year.

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