What price would you stop buying Bitcoin? - page 12.

klf

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Quote from: ubercool on May 12, 2017, 01:30:44 AM

Mostly depends on your financial status. I buy BTC from the savings every month or two but now I have stopped as the price is too high, waiting for a dump to happen and then will buy all in BTC.

Waiting for prices to come down is not a good way of investment because sometimes you may need to wait for long or forever because prices may not fall back to what your expecting. So it is good to start accumulating prices in small quantities now and then so that you buy price will average out. But as of now, prices are going only one direction and didn't correct for a long time so don't know what is happening.

el kaka22

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Quote from: cazza on May 11, 2017, 06:49:30 PM

The price of Bitcoin is hitting new highs regularly now... and yet it is expected to continue rising. At what price would you stop buying?

You are just talking about in the vie of people are using bitcoin for store of value. But there are larger volume of people who are just using bitcoin as one medium of payments and they do not need to bother about price levels, they will buy and use, they do not need to wait for lower prices as prices levels are not impacting their purposes with bitcoins.

Again, there are people who are keeping buying bitcoins regularly like weekly/monthly. When these people will be believing into one million dollars worth for one bitcoin, I believe they will not stop at any price levels right now what bitcoin is being traded.

ubercool

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Mostly depends on your financial status. I buy BTC from the savings every month or two but now I have stopped as the price is too high, waiting for a dump to happen and then will buy all in BTC.

BlackBaron

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Whatever the price is if there are always many people still using bitcoin and I still need it I would still buy it, anyway this price still not so high I expect $2500 at end of this year Grin

lighpulsar07

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well the price of bitcoin is now definitely expensive to buy atleast 1 whole coin even buying half of it is pain in my wallet and also, it is also risky to buy a bitcoin because the price may drop anytime due to scaling wars (if BU Hard fork Bitcoin happened) and the risk of collapse is also higher so, for now maybe earning bitcoins will be good for now and, i will wait for the price drop and buy atleast 3 bitcoins and hold it until the price come back to it's feet.

ekoice

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Its already very high.I have already stopped buying bitcoins.Last price was $900 when i bought bitcoins.Now im just holding my bitcoins as price is rapidly increasing.I hope it would reach $2000 by the end of this month.

davis196

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Quote from: cazza on May 11, 2017, 06:49:30 PM

The price of Bitcoin is hitting new highs regularly now... and yet it is expected to continue rising. At what price would you stop buying?

Bitcoin needs buyers in order to maintain the price increase and further growth.
I`m not a bitcoin buyer,because i`m afraid of scammers,but maybe i should start buying soon.
I`m missing a lot of profit.

Amph

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bitcoin is divisible you know this right? buying 0.1 at $1000 is not different than buying 1 btc at $100 or 0.01 at $10k, so again i ask you why i should stop buying bitcoin?

it make no sense to buy based on the price, you should stop to buy if you think you are taing a bigger risk than the one you can handle, which is true in every investment

chris200x9

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Quote from: FlightyPouch on May 11, 2017, 10:46:46 PM

Quote from: shamzblueworld on May 11, 2017, 10:08:05 PM

With my budget, I think I'll only buy some when it is under $1000, hopefully there comes a time when it goes down and I can buy, I won't buy above it as I feel it is risky as no one has any idea what its gonna do tomorrow and how the price is gonna react.

But depending on bitcoin's price and it's popularity, I don't think that it can dump or fall from the price of $1000. I think it will just dump from $1400 or $1500 but I dont think it will reach again $1000. Well, nobody knows what might happen in the future.

When the BTC price was $1000 people said once the price dump to $700 or $800 we will buy. Now it doubled, so people are telling once it goes down $1000 we will buy. The real fact is if suppose our bad luck the price fall to $1k then no one will buy I will bet. Becasue if that happen no one will believe that again, the price will go up to $1700. The same thing will repeat every price up and down.

piloder

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Why to stop buying bitcoin Huh

Bitcoin price will keep on rising because demand is growing while supply is limited and new coins that are generated everyday is decreasing. For me best time to buy more bitcoin is during some correction on price, just wait for correction after large pump on price and buy whatever you can.

bits19

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Well its not about at what price you should stop, its about how you can get the most benefit out of this market.

As we have observes from the precious trend that always a point comes when a bubble arise and suddenly price goes down. Now if you are trader you should sell those your bitcoin before that comes and when price goes down buy it again.

But if you want to invest for a long term, then according to market pundit this is just starting as may be 1-2 % population are using crypto currency. Now think about when it becomes 10% and then 50% and more. You will top of the world.

But still this market is unpredictable, don't put your all money. Always keep ready for the worst.

FlightyPouch

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Quote from: shamzblueworld on May 11, 2017, 10:08:05 PM

With my budget, I think I'll only buy some when it is under $1000, hopefully there comes a time when it goes down and I can buy, I won't buy above it as I feel it is risky as no one has any idea what its gonna do tomorrow and how the price is gonna react.

But depending on bitcoin's price and it's popularity, I don't think that it can dump or fall from the price of $1000. I think it will just dump from $1400 or $1500 but I dont think it will reach again $1000. Well, nobody knows what might happen in the future.

pooya87

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Never! obviously.
as long as i can not find a job that is paying me in bitcoin, the only option i am left with is to buy bitcoin if i want to use it. and for using bitcoin the price doesn't matter.

lienfaye

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Quote from: cazza on May 11, 2017, 06:49:30 PM

The price of Bitcoin is hitting new highs regularly now... and yet it is expected to continue rising. At what price would you stop buying?

Actually i didnt buy the bitcoin that i accumulate in my wallet it came from my earnings in trading and sig campaign. because i dont spend my coins i save enough and still counting for more. with the current price i dont think its wise to buy btc now, since the btc price is volatile i would wait for it to drop. however if you can afford to buy btc regardless of the price then do it because we cant predict what will gonna happen for the coming days.

ufaiz50

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Quote from: cazza on May 11, 2017, 06:49:30 PM

The price of Bitcoin is hitting new highs regularly now... and yet it is expected to continue rising. At what price would you stop buying?

just few people dare to buy bitcoin when the price is high because it is too risky and it would be better to produce bitcoin with faucet, gambling, trading and signature campaign than to buy it. I would buy bitcoin if the price had gone down maybe about $1000 or less.

shamzblueworld

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With my budget, I think I'll only buy some when it is under $1000, hopefully there comes a time when it goes down and I can buy, I won't buy above it as I feel it is risky as no one has any idea what its gonna do tomorrow and how the price is gonna react.

romero121

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Quote from: ImHash on May 11, 2017, 09:21:24 PM

Who are you talking to, day traders/ long term holders/ investors/ merchants/ newbies? everyone has a limit, everyone will buy and use bitcoin as they need to, if you want to see the resistance limits then what ever the price might be there will always be a large group of real supporters backing bitcoin up regardless of market price.

Pro traders and skilled investors will always make profit on any given price, I'm more interested to know how much people are willing to pay as normal fees than what you are asking.

Pro traders will definitely make use of the bitcoin even if the price ia found low. Most of the time the beginner to trading quote high profit margin and end it up. For a sustained long term profiting small profit margin nred to be quoted that helps in continued trading leading to minimum profit but the increased trading volume gives better earning.

markjamrobin

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Quote from: ImHash on May 11, 2017, 09:21:24 PM

Who are you talking to, day traders/ long term holders/ investors/ merchants/ newbies? everyone has a limit, everyone will buy and use bitcoin as they need to, if you want to see the resistance limits then what ever the price might be there will always be a large group of real supporters backing bitcoin up regardless of market price.

Pro traders and skilled investors will always make profit on any given price, I'm more interested to know how much people are willing to pay as normal fees than what you are asking.

There is always a maximum price for a coin at a specified time, in order to get a profit, business people always count on every problem, so they will not defy the value to buy it. You are giving a false opinion, you do not really understand the market.

ImHash

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Who are you talking to, day traders/ long term holders/ investors/ merchants/ newbies? everyone has a limit, everyone will buy and use bitcoin as they need to, if you want to see the resistance limits then what ever the price might be there will always be a large group of real supporters backing bitcoin up regardless of market price.

Pro traders and skilled investors will always make profit on any given price, I'm more interested to know how much people are willing to pay as normal fees than what you are asking.

foxbat

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Quote from: aso118 on May 11, 2017, 08:33:11 PM

Quote from: cazza on May 11, 2017, 06:49:30 PM

The price of Bitcoin is hitting new highs regularly now... and yet it is expected to continue rising. At what price would you stop buying?

I have already stopped buying bitcoins.
Right now, I have my little stash which I am holding. The incremental gains that can be made with additional investment is low.

Stop buying Bitcoin at this time is a good option, as bitcoin is carrying too high value, the risk of collapse is also higher, if you continue to invest in it, you must accept confrontation with risk. Dangerous machine. So, to be safe, do not invest more money in it.

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