Topic: What price would you stop buying Bitcoin? - page 9. (Read 9886 times)

Probably you would stop buying bitcoin when the price is really high like not and this time I already stop buying and just waiting for may investment to grow but there are times that the bitcoin price go down that the time I will buy bitcoin again.

never sell Btc until it's 3000$

As a bitcoin trader/investor, I don't limit myself in investing such as investing in bitcoin. I do buying bitcoin as much as I have extra momey to invest in. I don't put ir plan an specific amount or target in imvesting to avoid disappointment. Risk what you can afford to lose, thus don't make a target amount you need to invest.

Be careful with "backed by math".  It is backed by the math that a miner consortium decides to put into the software they are running to make the block chain.  You may think that the 21 million coins are "fixed by math", but that's not true.  They are only fixed by the lines of software that are running now on the nodes of the miner pools.  The only thing that withholds them from changing that, is the *psychological* barrier ; the fact that this was so hammered into the minds of the users that if ever they dare to change that, the whole belief system crumbles.  But it is not "backed by math", at all.

Where does this 21 million come from ?  It comes from the fact that there's a piece of software that has a counter, and every 210 000 blocks, it halves the block reward.

Here's that piece of code:


It means that during 210 000 blocks, there were 50 coins ; then there were 25 coins in the next 210 000 blocks, etc....

As 50 + 25 + 12.5 + 6.25 + .... = 100

we have that in total, *if this piece of software continues to run unchanged for the next 100 years or so*, there will be 210 000 * 100 = 21 000 000 coins in total.

If tomorrow, all the miner pools together (there are about 20 of them) decide to change those few lines of code, you can print just as many bitcoin as you want.  No math, apart from the trivial math that calculates the sum when you have the lines of code, in the same way that "the math determines the emission of fiat currency", when a central bank prints, say, a million dollars a day, you can say that "the math" fixes the amount of dollars printed per year to 365 million.

I guess with the move of Japan's adoption it's clear that other countries will possibly do the same thing. But don't expect that bitcoin will be adopting by each countries. I know the demand of bitcoin is getting higher and higher, in the end I don't have any way to buy them because the price is flying to the moon.

I've come to hate this phrase with a passion.  "Pump and dump" refers to a very specific ripoff technique, and yet people on this forum use it like they think they're commentators on MSNBC, using some clever financial jargon.  Drives me nuts.

OP, I've stopped buying as of a couple of days ago, but not because I think we're too high--though we're damn high, and we rose way too fast--but because I've blown through my allotment of disposable cash for the week.  In other words, if I had more dough I'd be buying still.  Not huge amounts, but I'd still be buying.  And I haven't sold any.  I think this bull run still has some life left in it.  Perhaps next week I can get some more at a better price.

Remembers me when I said to myself, OMG, BTC at parity with the dollars, wow, never tought it was possible.. I told myself, "that's the price of a bitcoin".   Then parity with silver, then gold, then..  wait.. nothing compares to it in human history..  Before 2009, every mean of exchange were valued phisical or political stuff.. Now something that as value is backed by mathematics.. no ressources or power involved.  Just math !
It's a great revolution toward progress that Crypto-Blockchain stuff bring to humanity !Evolution!

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I'm not sure that I would ever stop, even at a very high price.  As long as I have some kind of income arriving, a small part would probably go to buying Bitcoin.

Also, there is the possibility that .gov would want to tax BTC price gains (capital gains tax), if at least part of your BTC holdings were bought at a high price, then you are partly shielded from paying a higher CapGains tax, just a thought...

for 2017, under 5k I'm a buyer !
2018 may sounds like OMG, we may never seen BTC under 20k again !!!   

Me also, i do not buy at this current value but it depends if there is a news that bitcoin will have continuous adoption by each country i think even the value of bitcoin is $2000 i would buy some because i know that every adoption has a big effect on the value of bitcoin

There's no exact value on when I would stop buying, as of now I don't buy bitcoin because I consider it high but I know one day that it is going to beo n the higher price. And if I have some spare money whether the price is high or low, I'm going to buy. It's just a matter of budgeting.

I would never stop buying because no matter how high it goes it will still go up, even if it comes to were I can only afford to buy a satosi at a time.Like let's say bitcoin goes to 50 bucks a satosi, which I believe one day it will.

Very accurate about how your work is, that is how a trader works. Bitcoin soared, and now it starts to decline, this is the opportunity to do business for everyone who has the ability to look at the market. good luck.

If you cant afford to buy whole bitcoin just buy a piece on it and time to time if you have extra money just invest it in bitcoin that is what i am doing. I list my money and the current value to monitor if my investment is gaining some profit.

As long as there are people whose buying and selling bitcoins. I will continue as well to buy and sell bitcoins.
Cause bitcoins price will continue to soar high as long as there users who uses it and trust it but the best way is to buy bitcoins while the price is still low.

Me, i can't afford to buy Bitcoin these days. The price is very expensive right now. What im doing is i buy some altcoins and sell it for bitcoin when they pump. That's the easy way to earn more bitcoin because altcoins are cheaper than bitcoin. But if i have a huge capital. I would buy some of Bitcoin for my long term investment.

Yeah it might not be a problem for you if you use bitcoin for payment options. Because the rate would be in accordance with the price of goods to be listed. So price is not a problem

i bought my bitcoin when it was 800, then i waited and hold it it hit 1800 and i earned more than double, though bitcoin is a little too high i still keep buying it because i am sure that it'll 3k end of the year, so it's hard to answer your question because trading is like fishing

I probably wouldn't stop buying Bitcoin as long as the investment potential was still there, since it doesn't really matter whether you buy 1 satoshi (aside from fees) or 100 BTC, since the price affects it in the same way, just smaller portions. A 10% rise on 1mBTC still affects it, in the same way, a 10% rise in value affects 1BTC, just in a different magnitude.

     Yes bitcoin is increasing constantly everyday, sometimes it goes down but a little bit not much that can really affect. Bitcoin is really known around the world and some countries actually use bitcoin as a payment on stores, food and etcc. and bitcoin is really going to continue rising over time in the future. One research online says that by 2020 the value of the bitcoin would be double or multiply more than on what you expect. In some people they will not stop buying bitcoin that is because it is really useful to them some do gamble and some do invest it just depends on the person on how he/she handles it. For me at what price I would stop buying is when I can't afford to buy it anymore. Today it is good to buy becaues it is still in not so low but average price I surely know that It would be bigger in the future. It is better to spend now and earn a lot later.