People were asking this at $18, debating the points with all sorts of valid reasons. Many talked themselves out of it. It's thanks to those who second-guessed themselves that others were able to get in on the ground floor. Lack of belief in Bitcoin's future has historically been VERY expensive.
Topic: Is this good time to buy - page 2. (Read 1999 times)
Do you believe in Bitcoin's future? If yes, it's always a good incredibly fantastic time to take a large position. I mean, imagine if you had taken - by chance - a position in early April, the worst possible time. Six months later and you've already made a profit despite buying at the worst possible time (unless you caught the very tippy top at $266, but the odds of that are negligible, and even so we'll probably break through that in a week or two as well).
People were asking this at $18, debating the points with all sorts of valid reasons. Many talked themselves out of it. It's thanks to those who second-guessed themselves that others were able to get in on the ground floor. Lack of belief in Bitcoin's future has historically been VERY expensive.
People were asking this at $18, debating the points with all sorts of valid reasons. Many talked themselves out of it. It's thanks to those who second-guessed themselves that others were able to get in on the ground floor. Lack of belief in Bitcoin's future has historically been VERY expensive.
It's a very good time to buy imo, China is only just starting up so I think we have some ways to go before a major correction happens. Only problem is that it's pretty hard right now to buy a really large stack because there just aren't that many coins left on the books anymore. I would tell your friend to buy gradually over time and not go all in right away, although it's tempting when you see the price going up this fast.
Mid term its always good time to buy. Long term its always a bad time to buy.
Short term very risky. Personally I'd wait for a dip, but you can never be sure.
Short term very risky. Personally I'd wait for a dip, but you can never be sure.
Long term always a bad time to buy? Yeah, if and only if you believe Bitcoin will eventually die, which you do.
Correct. Even if you believe, you can only believe like 10% at best. And I dont believe more than 0.1% that it will be significant in the 'far future'. And unlike a lot of other technologies that get replaced, it most likely wont have notable antique value.
We're in a bull market right now. Chances are.. if you buy, and hold for a couple days.. you'll make a tiny bit of money.
However, what goes up, must come down. So though the market is climbing steadily with such momentum, it could collapse at any moment, by any cause, triggering a massive panic sale.. which would make buying BTC even better.
As for when the bull market is over.... nobody knows, but the price will reach a breaking point where it will collapse.. and collapse huge.
So it's up to your friend to decide... is the risk worth the reward?
If yes, then invest.
However, what goes up, must come down. So though the market is climbing steadily with such momentum, it could collapse at any moment, by any cause, triggering a massive panic sale.. which would make buying BTC even better.
As for when the bull market is over.... nobody knows, but the price will reach a breaking point where it will collapse.. and collapse huge.
So it's up to your friend to decide... is the risk worth the reward?
If yes, then invest.
Mid term its always good time to buy. Long term its always a bad time to buy.
Short term very risky. Personally I'd wait for a dip, but you can never be sure.
Short term very risky. Personally I'd wait for a dip, but you can never be sure.
Long term always a bad time to buy? Yeah, if and only if you believe Bitcoin will eventually die, which you do.
Mid term its always good time to buy. Long term its always a bad time to buy.
Short term very risky. Personally I'd wait for a dip, but you can never be sure.
Short term very risky. Personally I'd wait for a dip, but you can never be sure.
One of my friends asked if this would be good time to buy really big stake. I said yes, but I would like to hear more opinions.
No one can tell you the answer. Your friend should do his/her research and make a decision. Come on, its called investing.
It also depends on whether your friend wants to invest or trade. Short term or long term. This all makes a difference.
My opinion - we go up short term. I believe we will see $150ish again at some point in the future. I think long term we go up much much higher.
One of my friends asked if this would be good time to buy really big stake. I said yes, but I would like to hear more opinions.
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