should I buy now? - page 6. | Bitcointalksearch.org

asus09

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Quote from: Robdwny on January 21, 2020, 07:33:11 AM

I did buy in bitcoin over a month ago 7k the plan is to be a long-term hold. Now I have about 20% more to buy in with, with the prices so high and everything I was going to buy some Altcoins Mainly Ethereum Or more bitcoin.
This Is the hard part of my plan trying to figure out should I just hold onto the cash in my account and see what the prices do?

You wait few days later and waiting after Chines new year pass more than one week to buy bitcoin or altcoin, I think not good way if you want to invest with bitcoin or buy bitcoin right now because several days later have bigger moment with Chinese new year and bitcoin look have lower price, you must wait more several days later to get enough profit with bitcoin and altcoin investing.

bamboylee

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If you buy now, then your cost average is still lower than the current price since you already have BTC bought at 7K. And since your goal is to HODL for long term investment, then your target price is way more than the current price. So buying now is actually more beneficial than waiting for the price to drop that may or may not come.

btccashacc

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First of all, you did a great job, purchasing bitcoin and hold them for the long term. Well, if I am in your position, I must be confused too between wanting to purchase more bitcoin or buying the altcoin, I just wanna say that if you are really interested in buying altcoin, make sure that make a research first before you purchase those coins, trading altcoin is too risky especially if you don't have any clue about the coin you will invest.

YuginKadoya

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I think it is OK to enter the price were the all-time high is still not in sight and that 7k and this price as of now the $8,600 Mark is still OK in my opinion if you are going on a long term hold Because at any given point if you are not sure to sell or buy at the right movement you can surely burn out a profit and in any given point if you the price can sure erupt and make another all-time high because that is what Bitcoin has done and I think this cycle is always repeating you just need a lot of patients.

Ferris419

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Don't jump in the investment river with your everything! If you have enough money for investment, then you may buy Bitcoin, Ethereum, Litecoin, ATOM, NRG to split your investment, as the prices are low enough! I think the crypto coins price will have more dump because of the Chinese new year! So, you may wait for a few days to get coins at a cheaper price or buy it now, the present price also very good for buying to hodl!

carter34

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Quote from: DeathAngel on January 21, 2020, 07:44:28 AM

If you can buy & HODL until the end of 2021 with no personal need to sell then yes, now is a great time to buy.
The halving is in May 2020 so you’re almost guaranteed nice profits at the end of 2021.

I like this angle. This is simple and precise and 2021 is a nice time to check the profit accrued to the investment. I see this is a nice time to invest not only in bitcoin but others before halving comes because bitcoin rises , other coins follow too.

watergold

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Quote from: LFC_Bitcoin on January 21, 2020, 09:52:39 AM

Buying now will likely bring you very large profits in the next 2 years. Do your own research though, nobody here is an oracle.

2 years is a long term. You can try to buy it now, then hold it for a long time, surely it will be a huge profit because bitcoin will increase in the next 2 years.
And the OP must be sure about it because if you are not sure you will definitely sell it halfway.

LFC_Bitcoin

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Buying now will likely bring you very large profits in the next 2 years. Do your own research though, nobody here is an oracle.

Divinespark

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Quote from: sayaya17 on January 21, 2020, 08:49:25 AM

I'm trying not to sell my bitcoin now, because I'm sure after halving the bitcoin price will get higher, so in my opinion the current price can still be said to be quite cheap if there will be a continuous increase even though it is a little slow.
For ethereum there will be a revolution to ethereum 2.0 and this will probably bring change and impact for ethereum itself, I hope the impact will be good. look at the price of ethereum now, it is very good if you buy it.

Do you think Bitcoin price will be the same as LTC in 2019? The price will probably collapse soon after halving and it makes a lot of investors disappointed and unprofitable. I am also holding some bitcoins but I will decide to sell them before halving happens, maybe I will have less profit but I will be a lot safer

AjithBtc

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Quote from: Robdwny on January 21, 2020, 07:33:11 AM

I did buy in bitcoin over a month ago 7k the plan is to be a long-term hold. Now I have about 20% more to buy in with, with the prices so high and everything I was going to buy some Altcoins Mainly Ethereum Or more bitcoin.
This Is the hard part of my plan trying to figure out should I just hold onto the cash in my account and see what the prices do?

Profiting out of ethereum and bitcoin is possible all the time. To experience the profit one should buy and hold at least for a short time. If the user has the ability to invest in large volume even very short time holding will get an earning out of the price fluctuation between time. Altcoins too keeps growing along with bitcoin, so it is good to invest on different assets than accumulating on a single asset.

rijaljun

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Quote from: Robdwny on January 21, 2020, 07:33:11 AM

I did buy in bitcoin over a month ago 7k the plan is to be a long-term hold. Now I have about 20% more to buy in with, with the prices so high and everything I was going to buy some Altcoins Mainly Ethereum Or more bitcoin.
This Is the hard part of my plan trying to figure out should I just hold onto the cash in my account and see what the prices do?

If you are doing a long-term trading (or investment) you shouldn't care when you should buy Bitcoin, I mean you can buy now and you don't need to feel stupid or anything bad if the price goes down for a while cause people believe Bitcoin price will be increasing in this year.

sayaya17

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I'm trying not to sell my bitcoin now, because I'm sure after halving the bitcoin price will get higher, so in my opinion the current price can still be said to be quite cheap if there will be a continuous increase even though it is a little slow.
For ethereum there will be a revolution to ethereum 2.0 and this will probably bring change and impact for ethereum itself, I hope the impact will be good. look at the price of ethereum now, it is very good if you buy it.

Mahanton

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Quote from: Robdwny on January 21, 2020, 07:33:11 AM

I did buy in bitcoin over a month ago 7k the plan is to be a long-term hold. Now I have about 20% more to buy in with, with the prices so high and everything I was going to buy some Altcoins Mainly Ethereum Or more bitcoin.
This Is the hard part of my plan trying to figure out should I just hold onto the cash in my account and see what the prices do?

Depends on your choice if you would plan to accumulate more bitcoin or would consider on putting up some on top altcoins.ETH isnt a bad choice though but buy on your own risk.
Market is unpredictable and profitability will vary on how it moves and you should be prepared for that one because even Bitcoin wont really give out guarantees but somehow
it do have a bright future yet we know on how many years been going.If i were on your foot then accumulation with BTC will be prioritized.

YOSHIE

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Quote from: Robdwny on January 21, 2020, 07:33:11 AM

I did buy in bitcoin over a month ago 7k the plan is to be a long-term hold.

What you are doing is right for me to judge it, you are buying Bitcoin right now for the long term that's the right thing.

Honestly, I have the same principles as you experience at the moment, I'm sure Bitcoin has a very good opportunity to invest in right now.

Maybe, I made a mistake or vice versa truth, but I have its own principles for that, hopefully what I do is right someday when Bitcoin has fantastic value.

gweedo

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Quote from: Robdwny on January 21, 2020, 07:33:11 AM

I did buy in bitcoin over a month ago 7k the plan is to be a long-term hold. Now I have about 20% more to buy in with, with the prices so high and everything I was going to buy some Altcoins Mainly Ethereum Or more bitcoin.
This Is the hard part of my plan trying to figure out should I just hold onto the cash in my account and see what the prices do?

If you make a long-term investment, don't worry, buy Bitcoin as much as possible as long as you have spare cash. This year surely the price of bitcoin will keep going up because halving will take place in May. You can buy everything from now and sell when halving happens to make a profit, I personally buy bitcoins every month regardless of its current price

danherbias07

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That is the most difficult question to answer here in this forum.
You will always have the last decision here whatever we might say.

What have you achieved when you last bought bitcoin? You said that was 7k per bitcoin. Did you already withdrew it for profit?
What events does Ethereum have to buy it? Is it really going to the moon because of the staking process or it will go deep underground?

Is it bitcoin which is more worthy for the buy?
Those kind of question will only be answered by you considering we don't see the future.

turkandjaydee

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Quote from: Robdwny on January 21, 2020, 07:33:11 AM

This Is the hard part of my plan trying to figure out should I just hold onto the cash in my account and see what the prices do?

You can only do this if you can analyze the price action technically or fundamentally like a trader. So if you cant do that, then there is no point of doing this.

As someone has posted above that bitcoin halving will happen in 4 months, the price will likely go up in between this waiting time (based on history).

Quote from: Robdwny on January 21, 2020, 07:33:11 AM

I was going to buy some Altcoins Mainly Ethereum.

It's very risky to buy some altcoins if there will be a bitcoin uptrend because people will tend to sell their altcoins and dump them for bitcoin.

I'm just telling you these informations but the decision is yours.

Fappanu

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This is a difficult decision because the price of bitcoin is volatile and we do not know if it will fall or rise. It's really good to think about what is the best timing to buy bitcoin. And I can only advise you to study it well,because this will give you a good profit.

btc_angela

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Quote from: Robdwny on January 21, 2020, 07:33:11 AM

I did buy in bitcoin over a month ago 7k the plan is to be a long-term hold. Now I have about 20% more to buy in with, with the prices so high and everything I was going to buy some Altcoins Mainly Ethereum Or more bitcoin.
This Is the hard part of my plan trying to figure out should I just hold onto the cash in my account and see what the prices do?

Well I have been waiting for the price to go to $6k at least, but I think it won't go down that far.

It's too bad that I didn't go in when the price is still cheap, because that time I don't have the funds yet. But last week I suddenly have a good win in a land base casino and I'm thinking to invest it on bitcoin. Sadly the price is too high, at least at this moment. I know your dilemma, but I'm not giving you financial advise because I'm also confused whether I should buy or not.

target

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You are not going to profit if you are just going to hold on to your cash so with BTC and altcoins, it means profit. Traders had been giving advises on which to invest and if they say invest on the top coins, then invest to the top coins. There are lots of them and the less expensive ones cost very affordable like ADA, Tezos, EOS and TRX.

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