to buy or not to buy - page 6. | Bitcointalksearch.org

MinerHQ

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Quote from: NeuroticFish on October 30, 2015, 04:21:23 AM

I wanted to buy at 250. Until I found the best way to do that it went over 300.
Something is fishy. Bitcoin deserves to rise, but this is way too fast.

Thats why good investors always buy small amounts at all price levels. This will reduce the situation like what your facing now. So do not wait some more time start slowly now.

cdb000

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Far back in the mists of ancient time, my good lady wife decided to give herself £5000 to buy some Bitcoins.

I thought she was insane, but... she had the money and it wouldn't hurt us that much if it all went horribly wrong.

She traded back and forth for a while, gained a bit, lost a bit, gained a bit and eventually got bored with it and put her Bitcoins in cold storage, all 641 of them.

I now think she is a genius and wish I had bought £5000 worth of coins at the same time.

Bottom line: If you can afford to hold for a longish time, buy some Bitcoins. Use only money that you can afford to do without forever - it may be your children or grandchildren who take the profit.

NeuroticFish

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Looking for campaign manager? Contact icopress!

I wanted to buy at 250. Until I found the best way to do that it went over 300.
Something is fishy. Bitcoin deserves to rise, but this is way too fast.

ronaldo40

legendary

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Quote from: zimmah on October 29, 2015, 04:13:23 PM

Borrowing to buy bitcoin? That's pretty risky.

'd advice against it.

Yes, bitcoin can grow, but what if it drops? You'd have to pay back the money, where do you get the money if it drops?

Only invest what you can afford to lose.

certainly all have risks, but I really do that, borrow to buy bitcoin. but I've been lucky to sell it at the price of $350

and I also do not borrow too much and just enough profit

8up

hero member

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Quote from: ask on October 30, 2015, 04:12:43 AM

Sell or go short with max leverage.

Agree. See you at ~300

ask

legendary

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Sell or go short with max leverage.

MinerHQ

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Quote from: Gillette on October 29, 2015, 05:40:22 PM

The dump may begin any time. So don`t buy BTC with borrowed money!

I also think so, now is the time for correction. If it moves further up without correction then very dangerous to survive that high price

Soros Shorts

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Quote from: Morecoin Freeman on October 29, 2015, 04:40:11 PM

You should never invest borrowed money at any price. My opinion.

I think investing borrowed money is far better than using it to buy Christmas gifts.

coinplus

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Quote from: Kevin77 on October 30, 2015, 12:32:39 AM

Quote from: jaberwock on October 29, 2015, 09:02:06 PM

Buy as fast as you can.

The fake pumps of this years had the pattern of slowly climbling to 300, stay one or two days at most at the top, then slowly dump back to 220.

Now that 300 was really broken, I can't see it stop before 400

Yes, it has climbed to $330+ levels right now soon we are going to see $350 and then it may test again $400 levels too. But the speed of this rally just emphasize the dangerous of pumping by a group of people. So, buy and sell in quick profits and buy hold if you can hold for quite long period.

Yes if we can hold for long period then buying at this higher level is good. Other wise we may get struck in the dumping waves. But many people here are expecting the price rally to continue to the next bigger prices like $300 or more levels too.

orpington

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Quote from: podyx on October 29, 2015, 12:10:39 PM

I don't know

Kevin77

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Quote from: jaberwock on October 29, 2015, 09:02:06 PM

Buy as fast as you can.

The fake pumps of this years had the pattern of slowly climbling to 300, stay one or two days at most at the top, then slowly dump back to 220.

Now that 300 was really broken, I can't see it stop before 400

Yes, it has climbed to $330+ levels right now soon we are going to see $350 and then it may test again $400 levels too. But the speed of this rally just emphasize the dangerous of pumping by a group of people. So, buy and sell in quick profits and buy hold if you can hold for quite long period.

jaberwock

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Buy as fast as you can.

The fake pumps of this years had the pattern of slowly climbling to 300, stay one or two days at most at the top, then slowly dump back to 220.

Now that 300 was really broken, I can't see it stop before 400

Raimonn

legendary

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I never recommend investing with borrowed money, when you invest you are taking risk if this risk is assumed with money that you don't need isn't a problem. But if you invest with money that you need or worse that you borrowed and your invest goes wrong you will have a big problem.

vuduchyld

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I get the feeling that you came to the forum to get some kind of emotional backup for a decision you have already made. OF COURSE you're going to find somebody HERE of all places that tells you to DO IT. And that's what you'd like to hear.

I'm a long-term huge bull and a long-term HODLer. But I'll tell you straight up that the ONLY people here who are making ANY sense are the ones telling you not to buy with borrowed money.

What's the potential upside on 2 bitcoins that you are maybe buying now and maybe selling later? Couple hundred bucks total round trip? And what's the potential downside? $600 in money that you're not paying interest on NOW, but you're paying credit card interest on later?

I say it sounds like you're buying now and selling later, but if that isn't the case, you will almost certainly have opportunities to buy 2 BTC at some point in the future at a lower price than you're seeing now...some time in the future when you will not be borrowing to do so.

Either way, it really makes no sense to borrow on a credit card to buy.

I mean, if you want to do it, just do it. But don't do it thinking in ANY way that you're doing anything other than recklessly speculating and timing a market that one really can't time.

dothebeats

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Cashback 15%

Quote from: talkingleaves on October 29, 2015, 04:51:00 PM

or wait out the week to see if it goes back down to somewhere between 270-290....

this is gonna be a long night of pondering

You should really ponder on it first before making a move, otherwise if it didn't meet your hopes (of prices going up) you have to pay for the debt that you used on buying bitcoin. You said that you have 7 already, adding one on the stash might not hurt if you can pay it with your own pocket, but from borrowing? I think not a good idea.

Russtie Beerkan

newbie

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if you are buying to spend, that's one thing, cuz what you spend is what you got/get. if your hodling, that's different. i'd not buy right now, but then again, maybe I would if i had the spare bucks. but. I am poor for a few months, christmas coming, kids etc. Wink

Gillette

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The dump may begin any time. So don`t buy BTC with borrowed money!

Wexlike

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Quote from: talkingleaves on October 29, 2015, 04:49:40 PM

wexlike: good advice, where were you when I was 22? i'm in lots of debt to the bank for a failed business from several years ago. debt doesn't scare me anymore, and I do have a steady job now. small amounts of credit like 2 bitcoin on a credit card seem like nothing compared to the 40k euros I owe the bank

You are willing to take a risk. I really like that, i wouldnt have the balls to borrow 40k euros.

But I really strongly discourage you to buy a very risky investment like bitcoins with money that you cant really afford to lose. You are almost the prime target for someone who is selling the bag of a promising investment. The moment you buy the tide turns and you are confronted with a downturn and pain in your head because you have to pay back the money at some point AND your investment is losing in value. And then you sell low, while i buy back with profit. (Sold at 317; i will buy back with a loss if we rise higher (420+))

If you can't afford 500 euros now from your own pocket, don't buy them. You would make a prime mistake.

Nevertheless, if you really buy some coins, then please make a plan with a tight stoploss.

BitcoinNewsMagazine

legendary

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Quote from: talkingleaves on October 29, 2015, 04:51:00 PM

or wait out the week to see if it goes back down to somewhere between 270-290....

this is gonna be a long night of pondering

If you believe bitcoin has entered a bull market you can always dollar cost average, or wait for a down day on strong volume and buy when others are selling to get the best price. I hope we do not see 270-290 again but can't rule that out, bitcoin is volatile no doubt.

talkingleaves

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or wait out the week to see if it goes back down to somewhere between 270-290....

this is gonna be a long night of pondering

Topic: to buy or not to buy - page 6. (Read 6420 times)