When do you buy Bitcoin ? - page 34.

agustina2

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Quote from: 1Referee on November 29, 2015, 07:20:13 AM

Quote from: klf on November 29, 2015, 07:07:40 AM

Quote from: 1Referee on November 29, 2015, 06:29:53 AM

I only buy Bitcoin when it is getting dumped to the ground, that's when I do buy low and sell high. Other than that, I buy Bitcoin when there are large enough price swings to profit from, but that's purely for day trading purposes.

I think it is very difficult to guess the low prices in any investment either it is bitcoin price or share prices so the best method to buy is start buying in small quantities when ever you can and get the best average price over the time. I always buy when I get some extra cash and will sell when I make some decent profit.

It is impossible to know what the ultimate low of the price will be. The best we can do is guess and do a bit research as far as that is possible. That's why I always buy when people are unhappy and are selling like there is no tomorrow.

Some times when I buy the price may go down a bit further, but that's not a problem at all as I never go all in. I always do 25% buying at start and leaving 75% fiat in my account for when the price goes down even further. That's how I will continue to benefit from the price going lower. If the price goes down at least $10-$20 lower than when I bought, I use another 10% of my fiat to buy again.

Your method could work for you and that is a good advice, but we should only use a method that we feel we are comfortable in using it in buying bitcoins, as long as we were able to follow the basic principle which is buy low and sell high we are good to go.

Well you will not do such buying action if you are not comfortable with the price rate isn't it? That's why others take some ride when there is such big dump or even a minor one.

They will wait for such price where price decrease will be stopped or will be drastically be slowed. After that, they will consider that point if they want to purchase again some coins.

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Quote from: 1Referee on November 29, 2015, 07:20:13 AM

Quote from: klf on November 29, 2015, 07:07:40 AM

Quote from: 1Referee on November 29, 2015, 06:29:53 AM

I only buy Bitcoin when it is getting dumped to the ground, that's when I do buy low and sell high. Other than that, I buy Bitcoin when there are large enough price swings to profit from, but that's purely for day trading purposes.

I think it is very difficult to guess the low prices in any investment either it is bitcoin price or share prices so the best method to buy is start buying in small quantities when ever you can and get the best average price over the time. I always buy when I get some extra cash and will sell when I make some decent profit.

It is impossible to know what the ultimate low of the price will be. The best we can do is guess and do a bit research as far as that is possible. That's why I always buy when people are unhappy and are selling like there is no tomorrow.

Some times when I buy the price may go down a bit further, but that's not a problem at all as I never go all in. I always do 25% buying at start and leaving 75% fiat in my account for when the price goes down even further. That's how I will continue to benefit from the price going lower. If the price goes down at least $10-$20 lower than when I bought, I use another 10% of my fiat to buy again.

Your method could work for you and that is a good advice, but we should only use a method that we feel we are comfortable in using it in buying bitcoins, as long as we were able to follow the basic principle which is buy low and sell high we are good to go.

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Quote from: Osarman on August 18, 2016, 04:25:32 PM

Quote from: youhgt2 on August 18, 2016, 03:31:37 PM

to me the present time is the best time for buying bitcoin, because the price of bitcoin in present time is very very low and hope that it will increase very soon, it is also expected that in next some month the price of bitcoin will reach to its maximum high price,

you are right that recently bitcoin price is very low so it is good time to buy bitcoin and i hope the price will be going up very faster because everyone are buying bitcoins in big amount they know that bitcoin will going to higher sooner .

If more people are going to buy bitcoins before the end of the year for sure the price of bitcoin is going to increase. And it is going to be a good reason if you are going to buy bitcoin when the price is low then you just want to help the adoption of bitcoin for its price increase. Then you are a wise man and you are nailing it.

Definitely, bitcoins price would increase if many investor or people would buy bitcoins. From recent price drop of bitcoin, thats the best time to buy on that point and for sure you would gain profits in the future because as we see now the bitcoin price is gradually increasing and thats the thing would continue in the future years as expected.

Osarman

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Quote from: youhgt2 on August 18, 2016, 03:31:37 PM

to me the present time is the best time for buying bitcoin, because the price of bitcoin in present time is very very low and hope that it will increase very soon, it is also expected that in next some month the price of bitcoin will reach to its maximum high price,

you are right that recently bitcoin price is very low so it is good time to buy bitcoin and i hope the price will be going up very faster because everyone are buying bitcoins in big amount they know that bitcoin will going to higher sooner .

youhgt2

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to me the present time is the best time for buying bitcoin, because the price of bitcoin in present time is very very low and hope that it will increase very soon, it is also expected that in next some month the price of bitcoin will reach to its maximum high price,

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When i enough money for me i m trying to buy bitcoin but bitcoin price is important for me too it is changing so much some term if i decited to buy a lot of bitcoin i wait fot to bitcoin price will be good .

im always trying to buy as much bitcoins as possible right now either, in my opinion the price of it is going to grow huge in the near future so im holding

That is the right thing to do, buy it now as price is not too high and hold it for the future to earn more profits from it as price will be much higher in next few months allowing us to make higher profits.

Price getting more serious in going down. Let us all be serious now in buying also to lift up its price once again. I dont really know what is happening or the reason for this fall. Hoping it will just be another wave.

Small buying done by a few would hardly make the price go up, as far as I'm concerned. With a market cap that's still relatively small, the whales are the ones who can make the price move from one direction to another. Best thing still to do is buy while the price is still low, like right now, before the price starts surging again.

Price will only go up if we see big invetors investing big amount of money in it, as of now price is going down and I don't think it will go higher in next coming days.

You might be right. There is no much interest in the bitcoin at present. People are investing in the Ethereum now.

ethereum is doomed right now it even does not get a lot of volume, bitcoin is way better than ethereum and other currencies, i like it the most

Ethereum cannot compete with bitcoin and there is no reason to compete when they can both contribute for the success of the cryto world. Ethereum is the best altcoin right now while bitcoin nothing compares with it as it is the best of all. I hope they can grow together for our success too.

yeah, eth is a really bad currency that is not going to be use in the future, i think only etc will have a decent future and grow really big

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Quote from: rio3233 on August 16, 2016, 08:38:03 PM

I usually buy bitcoins when i don't have any bitcoins left in my wallet and sometimes when i want something online, i'm using bitcoin as the payment for the transaction.

Yup I am earning and buying coins so that I can send money to my family whenever I want, as it involves very less fees and transactions are available 24/7.

It's true, that is the benefits in having bitcoin in your wallet as anytime you want to spend it you can transact anytime, as long as you have the internet everything is possible. Spending is really good but we also need to limit our spending to focus and prioritize more on savings for future investments.

Spend only in case of any emergencies or else simply save it for future, as it will be more worth in future so if you have saved descent amount of coins then you can expect higher profits.

In my case, I am holding a part of all of my coins for my grandchildren. That is our covenant with a dear friend of mine that helps me a lot in my bitcoin venture. He is just very passionate about bitcoins and speaks bitcoins and not fiat money when he buys - e.g.: when he ask some price of certain product, I must tell him the equivalent bitcoins of the price of that product.

If we think this way, holding some bitcoins for our grandchildren, then we don't worry any price fluctuation of bitcoins in any given period of time.

I wonder how much is the price of bitcoin will be on that time we have our grandchildren. It is a good inheritance for them if bitcoin price steadily increase every year. They can live comfortably with the bitcoin we can leave to them.

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Quote from: rio3233 on August 16, 2016, 08:38:03 PM

I usually buy bitcoins when i don't have any bitcoins left in my wallet and sometimes when i want something online, i'm using bitcoin as the payment for the transaction.

Yup I am earning and buying coins so that I can send money to my family whenever I want, as it involves very less fees and transactions are available 24/7.

But can your family changes it into money whenever they have bitcoin?

I guess he is just doing it so that he can save a lot of money for sending bitcoin for his family. Because if he is going to use western union or paypal for sure he is going to spend bigger amount of transaction fees. But with bitcoin only small amount of it to get paid for confirming the transactions or the miners fee that is really a big savings.

That is right. Maybe he is also introducing and sharing his love of bitcoins to his family. From there, they will also share how they use bitcoins to their relatives and friends. It is a small way of introducing the beauty of bitcoins to others.

They deserve to know, and it is good that you start with your family as when one is regularly transacting online he will have to spend more charges using other payment processor but with bitcoin he can save and will experience a very fast transaction than he has not experience before.

Bitcoin transactions are really fast when you transfer your coins to your bank account, it hardly takes 2 minutes for money to get credited in your account, its better in compare to WU and Paypal.

I do agree with your statement, in speaking of transferring funds to a bank account or any other means, bitcoin has the advantage since it has a very fast transaction time which is a really good thing for bitcoin users and thats one of the useful things on using bitcoin.

Yeah and I am using bitcoins mainly for that reason as it is the best when it comes to money transfers and the day I have started using bitcoin, I don't need banks anymore for my online transactions.

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