When to buy Bitcoin - page 21. | Bitcointalksearch.org

Rludd

newbie

Activity: 28

Merit: 0

Quote from: Bamel on December 06, 2017, 11:46:12 AM

Quote from: Amial on December 06, 2017, 11:45:40 AM

Quote from: Kesecer on December 06, 2017, 11:45:08 AM

Quote from: Usine on December 06, 2017, 11:44:40 AM

I don't time at all. I just recognize where I have the money that I want to put into it, and then just buy it at the price it's at, at that time. Same for btc purchases.
If you're confident in the use-case of bitcoin, it really matters little when individual exchanges happen.

Do that, and if you're feeling more advanced implement an Optimal Growth Strategy based on the Kelly Criterion. If you're not a die-hard, never-sell hodler, of course.

As someone who can't afford a ton of Bitcoin I am hesitant to do this because of the miner fees. Having to pay miners fees from the exchange to my wallet and then back to the exchange can be a decent percentage of profits when you have to do this multiple times.

There is no real need to DCA, especially with concerns re: high tx fees.
Just wait to see a slight fall in price - not long, not wait for a big crash, just a little dip from the absolute top prices - then buy, and wait a few years. Guaranteed gain unless you bought at the peak of a +300-1000%-price-appreciation-in-~2-months-bubble.

Very much this. I want to dollar cost average but the constant fees are putting me off. If I buy every month I am worried that over the course of a year I'll be paying large amount of fees. Is this just part of dollar costing?

Bamel

newbie

Activity: 28

Merit: 0

Quote from: Amial on December 06, 2017, 11:45:40 AM

Quote from: Kesecer on December 06, 2017, 11:45:08 AM

Quote from: Usine on December 06, 2017, 11:44:40 AM

I don't time at all. I just recognize where I have the money that I want to put into it, and then just buy it at the price it's at, at that time. Same for btc purchases.
If you're confident in the use-case of bitcoin, it really matters little when individual exchanges happen.

Do that, and if you're feeling more advanced implement an Optimal Growth Strategy based on the Kelly Criterion. If you're not a die-hard, never-sell hodler, of course.

As someone who can't afford a ton of Bitcoin I am hesitant to do this because of the miner fees. Having to pay miners fees from the exchange to my wallet and then back to the exchange can be a decent percentage of profits when you have to do this multiple times.

There is no real need to DCA, especially with concerns re: high tx fees.
Just wait to see a slight fall in price - not long, not wait for a big crash, just a little dip from the absolute top prices - then buy, and wait a few years. Guaranteed gain unless you bought at the peak of a +300-1000%-price-appreciation-in-~2-months-bubble.

Amial

newbie

Activity: 28

Merit: 0

Quote from: Kesecer on December 06, 2017, 11:45:08 AM

Quote from: Usine on December 06, 2017, 11:44:40 AM

I don't time at all. I just recognize where I have the money that I want to put into it, and then just buy it at the price it's at, at that time. Same for btc purchases.
If you're confident in the use-case of bitcoin, it really matters little when individual exchanges happen.

Do that, and if you're feeling more advanced implement an Optimal Growth Strategy based on the Kelly Criterion. If you're not a die-hard, never-sell hodler, of course.

As someone who can't afford a ton of Bitcoin I am hesitant to do this because of the miner fees. Having to pay miners fees from the exchange to my wallet and then back to the exchange can be a decent percentage of profits when you have to do this multiple times.

Kesecer

newbie

Activity: 28

Merit: 0

Quote from: Usine on December 06, 2017, 11:44:40 AM

I don't time at all. I just recognize where I have the money that I want to put into it, and then just buy it at the price it's at, at that time. Same for btc purchases.
If you're confident in the use-case of bitcoin, it really matters little when individual exchanges happen.

Do that, and if you're feeling more advanced implement an Optimal Growth Strategy based on the Kelly Criterion. If you're not a die-hard, never-sell hodler, of course.

Usine

newbie

Activity: 28

Merit: 0

I don't time at all. I just recognize where I have the money that I want to put into it, and then just buy it at the price it's at, at that time. Same for btc purchases.
If you're confident in the use-case of bitcoin, it really matters little when individual exchanges happen.

Stianyd

newbie

Activity: 14

Merit: 0

Quote from: Aneelal on December 06, 2017, 11:42:16 AM

Quote from: Giric on December 06, 2017, 11:41:41 AM

Rather than drive yourself nuts with anxiety watching the price, do yourself a favor and switch to a dollar cost averaging strategy, it has served me well over the last three years both with massive gains and far less stress than those trying to time the market.

and learn more about Bitcoin. Don´t look at the price all day, that leads to nothing.

Agreed, and it's especially true for those trying to get rich with altcoins and ICOs, there's way too many people jumping on board these things with little to no understanding of how they work and how to financially evaluate the worth of these things, the recent Gnosis scam is a great example of mindless speculation.

Aneelal

newbie

Activity: 14

Merit: 0

Quote from: Giric on December 06, 2017, 11:41:41 AM

Rather than drive yourself nuts with anxiety watching the price, do yourself a favor and switch to a dollar cost averaging strategy, it has served me well over the last three years both with massive gains and far less stress than those trying to time the market.

and learn more about Bitcoin. Don´t look at the price all day, that leads to nothing.

Giric

newbie

Activity: 14

Merit: 0

Rather than drive yourself nuts with anxiety watching the price, do yourself a favor and switch to a dollar cost averaging strategy, it has served me well over the last three years both with massive gains and far less stress than those trying to time the market.

maimainguyen05

full member

Activity: 252

Merit: 105

Stake & Vote or Become a IoTeX Delegate!

I think you should wait a little bit more cause at the moment Bitcoin price is going down, maybe there will be a big dump soon and Bitcoin price will dump to under 12k$ in the next day I think. You just need to be patient cause Bitcoin price is not increasing all the time

. Before Bitcoin can reach to 15k$ at the end of this year I believe that there will be few more dump and you should catch the right time to buy it

eggy_fahreezy

newbie

Activity: 4

Merit: 0

of course we wait for the price slump, then we wait until the price soared again, if it has reached $ 13,000 as now means that the capital we spend is too big.

Ahiaba

full member

Activity: 447

Merit: 108

Quote from: BitCaptcha on December 06, 2017, 06:07:36 AM

So... when to buy Bitcoin? Now.. as it's about to hit $13,000, or wait for a slump?

Well, some may advise you to wait for a while maybe till when there is a correction before you buy but putting it to you that you may end up waiting in vain because there may not be any serious correction in the coming days. So i will advise you to buy now that Bitcoin market value is still below $13,000 before is too late.

AtomicProject

sr. member

Activity: 336

Merit: 250

Let's PUT IN!

its depend on market interest if more companies adopt bitcoin as a legal tender than its go more high if any existing company stop bitcoin usage due to its illegal tender than price drop price is depend on market news so keep eyes on every news.

powermagic

newbie

Activity: 67

Merit: 0

now, why? even though bitcoin prices are now high enough you will not regret it as seen from some time yesterday bitcoin continues to experience a significant increase and accompanied a decrease not too far away, and after that it will happen again increase, but it depends how you see bitcoin.

Anwar22

full member

Activity: 588

Merit: 100

Quote from: BitCaptcha on December 06, 2017, 06:07:36 AM

So... when to buy Bitcoin? Now.. as it's about to hit $13,000, or wait for a slump?

I think always time buy bitcoin. Why-not since bitcoin price always time fluctuation so it's price when will down or when will high it's hard to tell.

dothebeats

legendary

Activity: 3542

Merit: 1352

Cashback 15%

Everyone would tell you to buy immediately but what if you don't have enough money to invest yet? Though the rise of the said crypto had been incredible very recently, it is not a good reason to completely forget about bankroll management and having a good entry point in the market. Waiting for a slight correction is a great opening opportunity all in all, and it wouldn't hurt to buy during a dip too.

_noname_

sr. member

Activity: 448

Merit: 250

if you are interested in trading and you want to buy bitcoin then i think that the right time to buy bitcoin because the price of bitcoin is still not too high and the reason behind it is that still bitcoin is not get such a huge number of followers from the whole world as the users of bitcoin is increased with time then the price of bitcoin will be also increased more and you can make enough profit in future.

DannaWonder

full member

Activity: 140

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Quote from: BitCaptcha on December 06, 2017, 06:07:36 AM

So... when to buy Bitcoin? Now.. as it's about to hit $13,000, or wait for a slump?

Anytime is a good time to buy as long as you are going to hodl your coin. The price of the coin will definitely go up the next months and it is better if you are going to invest on it while the price is still "low". Better decide now or regret it at the end.

shouter

full member

Activity: 336

Merit: 100

Difficult to know, but if you are with money stopped, you have to buy it. I just do not buy because unfortunately for me it's not possible

zais

full member

Activity: 196

Merit: 102

Quote from: BitCaptcha on December 06, 2017, 06:07:36 AM

So... when to buy Bitcoin? Now.. as it's about to hit $13,000, or wait for a slump?

in a difficult situation to think and difficult to predict something .... look for something real and that's when you start doing something as well in buying bitcoin ..... do bitcoin purchases at the time the price goes down and sell it at the time the price goes up then profit will we get.

mel1978

full member

Activity: 518

Merit: 101

Quote from: BitCaptcha on December 06, 2017, 06:07:36 AM

So... when to buy Bitcoin? Now.. as it's about to hit $13,000, or wait for a slump?

As long as you have money to buy for bitcoins go ahead buy for it because its price will always increasing and sooner it will be increased again.

Topic: When to buy Bitcoin - page 21. (Read 2111 times)