Topic: What price would you stop buying Bitcoin? - page 7. (Read 9880 times)

As we have seen earlier that the price of bitcoins have fallen down to a very low level and rise up to its full potential.I would never stop buying bitcoins as the price of bitcoins would never stop and people will always buy it.

We can't stop others to buying bitcoins. but OP is asking where you will you stop buying bitcoins. I already stopped to buy bitcoins. today's price is $1750 if I buy BTC for this price and wait for profit means. Max to max how much profit I will make in 1 or 2 month. And more people will not buy 1 BTC including me because I don't have that much money. Taking a risk with the big amount I can't afford so I stopped to buy bitcoins.

For a new investor it will be a hard choice. It is getting kind of difficult to pull more investor in an average type of people who earns a minimum wage.
Before they could be attracted because it could be reached by their salaries or the excess of it.
But now, is seems like they are doubting and they have more what ifs.
At this point those who buys then sell and do it all over are the one who can profit or the rich ones.

You can't stop people to buying Bitcoin because even this time Bitcoin is really high still have someone buy BItcoin for invest their money and they are really sure Bitcoin will be up again.

If you can hold them till the end of the year then you can buy them even now but the best thing would be to wait for some time and wait for the price to go down as the current price is too high to make an investment in bitcoins as price can even go down in coming days.

If I were the investor I will not risk for that speculation only, but of course it's up to the investors if they believe that bitcoin will touch $2000 they will gain easy profit but too high risk. Good luck to the risk taker.

I agree bitcoins price now is at its peak , I cant buy some bitcoins now because I cant assure If I can get a profit from it by selling bitcoin in more higher price. Maybe I should wait for the dump of bitcoin and buy again to make some profits.

I will stop on buying bitcoin right now the price gets higher and I don't consider to buy some more because it is really hard to balance my budget and savings.

But I'm taking the advantage of earning some with the price increase.

Though I don't plan to buy anymore.

Everyone is speculating that price will touch $2000 in this year or even it can go beyond that so if you have a same feeling that you can buy them even now and sell them when it crosses that price so in that case you can make good profits in really very good time.

If the price of bitcoin is too high and the price is ready to dump I will stop buying bitcoin because many big whales will sell their bitcoin.  And I will start buying again if the price dumps, that's the right time to collect many bitcoin.

Yeah even I have kept my buying on hold as price is too high and not affordable for me to make an investment at this stage so the best thing at a moment is to hold the existing coins and start selling them if it reaches to your desired price level in coming days.

there might be no particular time to stop buying, if there is, it would have been years back. For now the price is increasing so are there more people getting know to Bitcoin, so buying it more will be good for a time to sell and make more profit.

I agree that currently btc price is to high for average users.
When bitcoin price was about $ 250-300, it was still affordable for the most btc users.
Now, I don't think that many people can afford to buy significant amount of btc with own funds.
So, they will have no choice but to try to collect bitcoin in other ways, like collecting faucets, signature campaigns, gambling, HYIP etc.
I personally didn't try to buy bitcoin since last year.

I've stopped buying now, I have a cold storage stash & I'm going to have to be happy with what I have. Too expensive to start buying multiple coins again now.

Just a heads up....
The last bitcoin will be mined in a hundred or so years currently it looks like 2140..

So I really doubt that you'll be able to buy continuously until then...



Why is not suitable for your job to buy and hold bitcoin?
Or if your job is so complicated why not do this yourself?

The current price of BTC is quite high, I only buy when I need to exchange, there is no plan to store BTC! High price and always change so it is not suitable for my job.

I know that the price of bitcoin will not stop rising till each and every coin is mined and till each and every person of the world adopt bitcoin so I will not stop buying bitcoin till that time and after that I will still buy for my needs as from that time there will be no any lose in bitcoin because of the worldwide marketcap.

I wholeheartedly agree with you.  In fact, the limited emission of bitcoins to a finite number, creates many fundamental problems, macro-economical, but also technical/economical.

My macro-economical complaint with bitcoin is that it is designed to be highly speculative, will never stabilize and will hence never be a unit of account, which will always make it a marginal means of payment at best, and a gambler's/speculator's/investor's toy dominantly.

But its reducing emission causes a lot of problems on lower levels too.  The whole fee market battle by miners comes about because their block rewards will dry up in the future.  Who says fee rewards, says scarce transactions, and hence artificially obstructed transaction system.  The reduced block rewards have also pushed the competition in mining to the extreme.

An emission curve that emits less assets when more users come in, gives HUGE seigniorage advantage to early adopters, and pushes speculation to unseen heights.  Even if the idea was to come to a limited amount of coins, the largest emissions shouldn't have happened when nobody was around.  This turns bitcoin into rare paintings of which a few early collectors have HUGE amounts, leading to a very unequal distribution of coins (not by the normal functioning of a market but by early bird adopters), which give rise to big whales, which can then play the market like they wish with their significant stash (read: pump 'n dump, corner, crash, ....).

The reducing block reward will also make the security by PoW *relatively speaking* less and less secure.  After all, the PoW securization is financed by the rewards, which reduce.  An attack has thus a cost, in relationship to the total amount of reward per block, which is decreasing in BTC.  It can be increasing in $$ of course, but in BTC, it is decreasing.  The *incentive* for an attack, however, will remain formulated in BTC: it is the ability to undo a transaction a few confirmations ago.  As such, the ratio between attack cost and attack incentive, is decreasing with effective block reward decrease.

I think if people can mine much more Bitcoins with the same effort the price of it will inevitably drop. And when the price starts dropping most holders have no time to analyze whether it's just a temporary thing or not, they just start to sell their coins and then the price drops even more.

Why would changing the code ruin bitcoin? Does anyone holding bitcoins care about the limit on the number of bitcoins or the fees the miners are making? All they care about is a price increase. Why should removing the limit on number cause the price to drop? Ethereum is an excellent example that shows that nobody cares about the mathematics of the coin, all they care about is if they think they can sell it to someone else at a higher price in the future.

In fact, you could make a good argument that removing the limit on the number of bitcoins would cause the price to go up as it makes the system more viable.