If BTC ever ends up reaching anything below 1,000, and I am ballsy enough, I'm going to liquidate all my investments and dump it all in bitcoin. Don't think this is going to happen again though.
Price isn't really relevant for me though, I don't buy a lot of crypto-currencies and I am mostly in it for the long game, as I"m not going to selling off my crypto until BTC either hits 100,000, or I have financial emergencies.
Topic: Survey: At What Price would you stop investing more money into Bitcoin ??? - page 6. (Read 1219 times)
December 02, 2019, 03:01:09 PM
December 02, 2019, 02:54:32 PM
At the prices you have given it actually becomes more attractive to buy Bitcoin as this is what I can say a perfect opportunity looks like for any trader/investor in the market. I think the only time for any investor who is smart enough to stop buying Bitcoin is when it has already pump or it's gradually going up since this is the worst time to participate in any profit taking if you don't have any margin of safety, when prices are going up it only means that traders are already set to sell/offload some of their positions for profit taking and you on the receiving end would just double the risk of not gaining anything.
That's also how i see it. Probably when the price breaches all time high and if it goes well beyond like 30k. I'd find it really risky to buy bitcoin at that point. With the amounts that's in the selection, i think people will just see a good time to stock up. There will be those who'll sell in panic but investors would likely hoard bitcoins even at sub 3k.
Plus there is really no point in buying it at it's all time high, all you are hoping for is that it will still go up where there is really nothing much backing it up but your hope. Never ever try to do a trade that goes "buy high and sell higher" as you are kissing your money good bye for no reason. At least if you have bought and accumulate it at the bottom you get the chance to ride and observe the prices when it pumps, your only problem that you will face is your own greed.
December 02, 2019, 02:43:48 PM
$ 3000 is a psychological limit, I'm sure it can't be below that.
People said the same back in the day of it being 'impossible' for the price to fall below the ATH of previous bubbles. That meant $266 for April 2013 though calling that a bubble in itself was pushing it. Then it managed $160 in 2015.
There is no psychological limit. There'll be bots botting and traders who only scalp and don't care about the headline price as long as the movements make them money. They decide the price rather more than the sweating kiddies who haven't bought or sold for several years.
If enough people do run screaming then the chances are another crop will be along at a lower price. They'll be hardened to stuff like this and will probably sell at the top of the next bubble.
December 02, 2019, 02:41:33 PM
I think there are different types of investors who would buy Bitcoin at different price. There will always be enthusiasts who will think that no matter how low price it is, there is always opportunity for profit because price should go up sooner or later.
But everyone has its own limits and sometimes pressure is too hard. I never really thought about my limits but I guess that might be 200$.
But everyone has its own limits and sometimes pressure is too hard. I never really thought about my limits but I guess that might be 200$.
December 02, 2019, 02:11:21 PM
$ 3000 is a psychological limit, I'm sure it can't be below that.
Panic does not only occur due to sales conditions, but can also apply vice versa, because many people are also very concerned about the continuity of aspects of market development. Many holders also keep the price of altcoin, and if the btc goes back to $ 100 it will be very worrying, no matter how cruel the fundamentals are, it will not make any significant changes that make the btc fall even further.
Panic does not only occur due to sales conditions, but can also apply vice versa, because many people are also very concerned about the continuity of aspects of market development. Many holders also keep the price of altcoin, and if the btc goes back to $ 100 it will be very worrying, no matter how cruel the fundamentals are, it will not make any significant changes that make the btc fall even further.
December 02, 2019, 01:21:45 PM
Won't stop "investing" as long as Bitcoin is still very useful to me. To be honest, I am more focused on the features rather than the price.. . Value should be proportional to Price. And bitcoin remains extremely valuable as far as usefulness is concerned.
Do people understand what Blockchain/decentralization is compared to centralization. If they do, they will find Bitcoin very valuable?
Do people understand what Blockchain/decentralization is compared to centralization. If they do, they will find Bitcoin very valuable?
December 02, 2019, 01:04:20 PM
It's more of an opinion by everyone and there's no best answer to your question. Bitcoin can be bought at any prices and that's one of the best reason why anyone can look into different price as their best price.
$1,000,000 could be the price that others might stop but this price could be the triggering and exciting price for the new comers because they can see that it's getting more expensive.
$1,000,000 could be the price that others might stop but this price could be the triggering and exciting price for the new comers because they can see that it's getting more expensive.
December 02, 2019, 01:03:51 PM
I have already stop investing but still wanting to earn BTC though. I've chat to few people in telegram and they were saying about quantum computers which BTC is at risk which made them decide to not buy more of it, those who spread fud about this quantum seem to have influenced them. One of them said he will only invest more money into BTC if the algo will be altered to quantum computer resistant. You can say that price isn't what they are after when they invest in BTC.
December 02, 2019, 01:02:30 PM
I stopped buying in 2014.
If I were buying now, of the poll choices $100 would signal that something was seriously screwed up. I could wrap my head around a move to $1000. When you think about it it's really not that far away and all these billions in market cap are entirely fictional anyway. $100 would be proper shitsville.
If I were buying now, of the poll choices $100 would signal that something was seriously screwed up. I could wrap my head around a move to $1000. When you think about it it's really not that far away and all these billions in market cap are entirely fictional anyway. $100 would be proper shitsville.
December 02, 2019, 01:01:06 PM
Think it over carefully and give us your best, most honest answer.
Does it really have the best answer?
I can only answer that question once we already in the exact situation, the decision time. We can't just say I will stop buying here, here, here, here or I won't stop, etc. because the situation today is far different from what will happen in the future.
Let's say today, I will admit I will stop buying at $20,000+ but what if when that time comes, with good progress in my financial status, I can afford to buy on that price level, surely I will buy. It really depends on crypto market status, my own financial status, and many other factors.
December 02, 2019, 12:56:27 PM
At the prices you have given it actually becomes more attractive to buy Bitcoin as this is what I can say a perfect opportunity looks like for any trader/investor in the market. I think the only time for any investor who is smart enough to stop buying Bitcoin is when it has already pump or it's gradually going up since this is the worst time to participate in any profit taking if you don't have any margin of safety, when prices are going up it only means that traders are already set to sell/offload some of their positions for profit taking and you on the receiving end would just double the risk of not gaining anything.
That's also how i see it. Probably when the price breaches all time high and if it goes well beyond like 30k. I'd find it really risky to buy bitcoin at that point. With the amounts that's in the selection, i think people will just see a good time to stock up. There will be those who'll sell in panic but investors would likely hoard bitcoins even at sub 3k.
December 02, 2019, 12:49:35 PM
At the prices you have given it actually becomes more attractive to buy Bitcoin as this is what I can say a perfect opportunity looks like for any trader/investor in the market. I think the only time for any investor who is smart enough to stop buying Bitcoin is when it has already pump or it's gradually going up since this is the worst time to participate in any profit taking if you don't have any margin of safety, when prices are going up it only means that traders are already set to sell/offload some of their positions for profit taking and you on the receiving end would just double the risk of not gaining anything.
December 02, 2019, 12:38:42 PM
Price is secondary to any interest I have for bitcoin.
I mainly check whether there are still developments being rolled into the said coin, otherwise it's rather a futile effort to support it if we're just going to talk about pricing and nothing more. I've started supporting the coin and buying it in hopes of using it sooner or later; profits only came second to my interest when I realized that people are buying this to make money. Nothing changed to my views, I'm still interested on the central ethos of bitcoin even though I know I can make more money off of it--well it helped me start a business but still.
Seeing that there aren't any active developments towards its adoption to the masses, I have since halted buying even though the price is somewhat tempting to take on. Anyway, beyond $30,000 perhaps is quite unreasonable for me to go on and buy bitcoin as it would probably break the bank. I'll stay on the active side of supporting it though, even if I won't be doing any buys any time soon.
I mainly check whether there are still developments being rolled into the said coin, otherwise it's rather a futile effort to support it if we're just going to talk about pricing and nothing more. I've started supporting the coin and buying it in hopes of using it sooner or later; profits only came second to my interest when I realized that people are buying this to make money. Nothing changed to my views, I'm still interested on the central ethos of bitcoin even though I know I can make more money off of it--well it helped me start a business but still.
Seeing that there aren't any active developments towards its adoption to the masses, I have since halted buying even though the price is somewhat tempting to take on. Anyway, beyond $30,000 perhaps is quite unreasonable for me to go on and buy bitcoin as it would probably break the bank. I'll stay on the active side of supporting it though, even if I won't be doing any buys any time soon.
December 02, 2019, 12:11:50 PM
At what price would you guys stop putting SIGNIFICANT amounts of additional money into purchasing Bitcoin 
I am not talking about small investments that you do not care about losing, but stop investing significant amounts of your financial assets that you can not afford to lose.
I am NOT asking if you believe Bitcoin will go down to these prices !!! I know you guys will say the prices will never get that low, and that you would never sell your bitcoin.. . OK we understand that 😁 BUT, any rational, intelligent investor will have a price point at which they would stop putting significant additional amounts of money into a particular investment. Think it over carefully and give us your best, most honest answer.
Once/if BTC ever gets back to three digits price again, I'll start reevaluating my view on BTC. There must be wrong if that ever happens again lol. But as you said, it's very unlikely. If things stay the same (development, acceptance, etc) and the price somehow tanks to three digits price I would still buy it, probably with an even bigger amount. I am not talking about small investments that you do not care about losing, but stop investing significant amounts of your financial assets that you can not afford to lose.I am NOT asking if you believe Bitcoin will go down to these prices !!! I know you guys will say the prices will never get that low, and that you would never sell your bitcoin.. . OK we understand that 😁 BUT, any rational, intelligent investor will have a price point at which they would stop putting significant additional amounts of money into a particular investment. Think it over carefully and give us your best, most honest answer.
December 02, 2019, 12:05:31 PM
It depends on what price you bought, each person will have their perspective. Most traders will make a cutloss when prices fall more than 60% of the initial purchase price, because that is the lowest point of the price is too difficult to go up again.
But there are some people who have other strategies such as averaging that make it possible to buy again at a cheaper price.
But there are some people who have other strategies such as averaging that make it possible to buy again at a cheaper price.
December 02, 2019, 11:58:21 AM
Maybe logic price that on my mind for now is $100, from this current price until $100 maybe people will very panic because it is dumped very much. But that is what only in my mind, people nowadays easily to get panic although dumped a little some of people usually already panic. How if suddenly dumped under $1000. I can't imagine if that dump really happen.
December 02, 2019, 11:38:26 AM
At what price would you guys stop putting SIGNIFICANT amounts of additional money into purchasing Bitcoin I am not talking about small investments that you do not care about losing, but stop investing significant amounts of your financial assets that you can not afford to lose.
I am NOT asking if you believe Bitcoin will go down to these prices !!! I know you guys will say the prices will never get that low, and that you would never sell your bitcoin.. . OK we understand that 😁 BUT, any rational, intelligent investor will have a price point at which they would stop putting significant additional amounts of money into a particular investment. Think it over carefully and give us your best, most honest answer.
I am not talking about small investments that you do not care about losing, but stop investing significant amounts of your financial assets that you can not afford to lose.I am NOT asking if you believe Bitcoin will go down to these prices !!! I know you guys will say the prices will never get that low, and that you would never sell your bitcoin.. . OK we understand that 😁 BUT, any rational, intelligent investor will have a price point at which they would stop putting significant additional amounts of money into a particular investment. Think it over carefully and give us your best, most honest answer.
@HardFacts you’ll be surprised but people will put their life savings in bitcoins if it touches $0.01 again, because unlike other assets bitcoin cannot be manipulated and controlled. When I say this I do acknowledge that few whales can effect bitcoin prices, but that’s only temporarily in the long run due to its strong fundamentals it always bounces back. Hence i would never stop investing in bitcoins even if it touches $0.01, rather I would put everything I have because I would yet believe it could bounce back and generate good returns for me.
December 02, 2019, 11:09:54 AM
It doesn't actually have something to do with the price. It mostly depends on the fundamentals. Is bitcoin still being built on? Is it really still being developed? And a lot more. If the answer is yes, and bitcoin is still fundamentally the same but with a significantly lower price(like the ones you listed), then hell yea I'm going to buy more.
December 02, 2019, 10:52:47 AM
At what price would you guys stop putting SIGNIFICANT amounts of additional money into purchasing Bitcoin I am not talking about small investments that you do not care about losing, but stop investing significant amounts of your financial assets that you can not afford to lose.
I am NOT asking if you believe Bitcoin will go down to these prices !!! I know you guys will say the prices will never get that low, and that you would never sell your bitcoin.. . OK we understand that 😁 BUT, any rational, intelligent investor will have a price point at which they would stop putting significant additional amounts of money into a particular investment. Think it over carefully and give us your best, most honest answer.
I am not talking about small investments that you do not care about losing, but stop investing significant amounts of your financial assets that you can not afford to lose.I am NOT asking if you believe Bitcoin will go down to these prices !!! I know you guys will say the prices will never get that low, and that you would never sell your bitcoin.. . OK we understand that 😁 BUT, any rational, intelligent investor will have a price point at which they would stop putting significant additional amounts of money into a particular investment. Think it over carefully and give us your best, most honest answer.
Jump to: