Topic: Pricing over 4K ,thinking about buying - page 4. (Read 2624 times)

If we get to a point where price is several times what you bought it for, I would recommend selling at least enough to cover your initial investment.  That way, no matter what price does, you will be able to relax a lot more, knowing that you can't lose money, even if it goes to zero.  That can be very freeing, helping you keep your emotions in check during the times when price falls, and thus helping you to make rational decisions, as I mentioned in my first post.

I think the OP has already missed a good buying point at $2800. But for me $4000 is not a good entry because the price is too high. But then again, if you have funds ready and willing to be invested then definitely get some now. We have see the price could surge again in the coming months or years. So buy and hodl it for the long haul and get your rewards later with the price double in 2018-2020.

Each and every value of bitcoin is considered to be an barrier and to cross the barrier the entire network support is a must. So recently the issue from China made a downfall in the value, but it started to retain in a short. Same is the requirement, because when the support increases, automatically the growth happens with it. So buy when the price falls, believing that it grows or pumps high.

The price of bitcoins is playing but it touches down at 4000$ this morning and go stable for the rate of 3960$ and this is a good sign since we have a strong hold that bitcoins will recover again and maybe will get back to 5000$ soon and lets hold and accumulate more from now so that we can earn more money if rise will came again.

Sounds like you have your plan.  I wish you the best in staying your course.  Hopefully we won't go much lower.


This is indeed good to know.  It shows how many people are interested in trying to make some quick money.


It sounds like you're doing your research, so that's good.  Looking for the ones that have good backing and have had their price beaten down is a good strategy--means they're running a good sale.  I also got some DOGE today as it's getting down to where it was before the big runup the last several months.

No its not really getting back as i can see there is a big drop happen from the past few minutes just like what happen from the past few hours or yesterday i think there are still someone are selling bitcoin that i think maybe this is a bull trap..
Hope those who are seller are only those who are late in the news about china issue..
For now better to wait for the price become stable again before we can take an action .

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Bitcoin is the best one to inverse. Many are waiting for bitcoin to increase the value of 5000$.But now again the bitcoin is get pack to  the value of 4000$.This reflect the further raise of bitcoin price in Chennai. But last week the the reduce below 4000$.Now it's Back to the value of 4000$.The price will further increase.

If you're looking for long term investment, just buy bitcoin whenever dips happen, but $4000 still convenience entry point.
But, why through localbitcoins? there are a lot of exchanges which offers cheaper price compare to localbitcoins, depend on where you live? unless, there is no any local exchange in your country.
There are good news about bitcoin acceptance as alternative payment method such as https://news.bitcoin.com/south-africas-second-largest-supermarket-chain-pick-n-pay-trials-bitcoin-payments/ and
https://news.bitcoin.com/aliant-payment-systems-partners-with-bitpay-to-enable-bitcoin-transactions/
No matter what, bitcoin price will increase over time, even though there are some uncertain news about it.

Maybe, we are staying in new cycle, even a bearish trend might be started and now just is bull trap or recovery of the price of Bitcoin after dumped to bottom price of the cycle $5,000. I think we should be waiting more time to keep safe our profit and funds.

Good advice. Wait for some Fud or selloffs, plenty to come this September.

Don't trade with your emotions. However i do feel like rightn ow is a good buying spot if you want to accumulate for the short run. The price should easily break $5000 in a few days/weeks without any issues, as the Chinese FUD has settled down.

But if you want to buy long term i wouldn't suggest buying all now. It could end up to be a profit-killer.

Split your money up into like 100 portions. Buy 1 portion every single day for 100 days. I have a feeling that after this current bull run we may experinece some major corrections/pullbacks that drive us to sub-$3000 which makes an excellent buying opportunity.

its very a risky moves when buying without any knowledge regarding to what will happen in the following days, bitcoin shows another downfall and
we are ain't sure if how what's the dip and where we will going to place our entry better to keep analyzing and study the market before investing
again.

I would not suggest buying in right now. Even though i believe we are going to go on and possibly break $5k, i think that there will be cheaper points in time for you to buy especially if you aren't going to plan on selling any time soon.

China is probably going to keep coming out with FUD and when they do, markets will panic. That's the perfect time for you to buy.

Never buy with emotions. I know that right now, everything is going up and you feel like buying, which is absolutely normal. But it is much more likely that we'll see a level at around $2500-3500 range which is a good $500-1500 lower per coin than the current price soon at which point you can accumulate for the long term.

Go against the market sentiment. Price is likely going to correct at least a little bit for rising so much in the past day or so. Right now it's at just under $4000 and i wouldn't be surprised that we see a dip down to $3700 or less first.

Buy the dips, not the highs.

I mean you could buy now but not only will you get potentially less profit you could also go into the negatives real fast if people panic dump like last time China came out with the news of banning exchanges.

Being firm with your goal to hold your coins for the long term is a great thing, but you should always have fiat aside that you can use to buy with in case the price tanks far below the $2000 level. I never see a dump as something negative, because at the end of the day, it's a great opportunity to increase your holdings at lower levels, plus you can lower your average buying price this way. Glady for you, this 'ship' will not sink, but keep rushing further throughout the years. Bitcoin is a way to beat the governmental and banking system, allows people to enjoy financial freedom, functions as store value, 24/7 global remittance tool, etc - even the average joe's will at some point understand this.

Buying or not buying at the moment, I think that is a question what the personal strategy for the investment is.
When somebody expects bitcoin to go to 100K in a few years, it really does not matter a lot if he buys at 3K or 5K.
If somebody trades frequently, he uses the small ups and downs of a few percent. To him the buy price does not matter much either, because he will soon sell again after the price has raised a bit.
The only group that should really take a close look at the buy price are those who want to hold it for just a few months.
In that time period the price can go down and might not have recovered at the point where the selling is planned.

Well the guy I was buying from had 10 BTC at 4100 per coin. Price at point of transaction was at 3950. I went for it and bought and even 2 coins !     I feel his 4% fee is reasonable. Most other sellers are marking up 7-10% some even higher. He told me of one user selling them for 40% over market !!  User had good rating and lots of transactions too.    Crazy IMO.
I am in it for the long haul.If it gets down to 1K I wont be happy but I will hold strong with a firm belief in what this currency will do.  If it goes below 1K I will be especially unhappy but will still hold.  I will sink with the ship on this bet.  I have totally obsessed on the whole crypto currency for quite a while now.  I think I spent 10 hours on computer yesterday alone 

What I found especially interesting is that he said more and more people that are buying from him are completely unfamiliar with the tech behind it.  To me that is a huge indication that a lot more people are adopting BTC as the future.  To me that means wide spread adoption is underway which of course means much higher prices.   

As for alt currencies I have mainly invested only in ones that have a real company and have a track record.  I threw the dice at a few cheap ones as well. I believe my list has about 25 alt coins I am interested in after researching all the top picks I could find. I got 16K coins of Doge for like $12,  why not ?   Many had dropped 50-75% so I am hoping I bought  near the bottom.  Only $500 total in alt coins right now.  I am up about $40 since I bought all my picks a few days ago.  Well aware I could lose it all.

I also recommend using an exchange if you can--obviously use a reputable one.  You'll probably get a better price.  And while this hopefully will never happen, if for some reason you should need to get out of your position quickly, you'll have the ability to do that.  It's always good to have options and be prepared for anything that might go wrong.

You should buy when it dips, last week it was in dip . Many took that opportunity to buy more. Maybe wait a little longer or buy now. It can increase anytime soon.

Probably not. If the uptrend continues(which probably will) soon we will see $5k and gradually and floor of $5k like we more or less saw a floor of $3k last week that was probably the best time to buy. But now is also a good time to buy as soon $4k will be left long behind like $1000.