With the recent price jump, is now a bad time to buy?

7Priest7

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Quote from: aBitNew on December 09, 2015, 03:51:08 AM

I'm wanting to invest around $5k USD in bitcoin, primarily just to get cash out of my bank. I've had a Coinbase account for about a year but only used it for a few small transactions, so I'm not very knowledgeable about it.

With the recent surge in price, do you think now would be a good or bad time to buy? I realize there's no way to know for sure what will happen, but am curious if you think the price is going to drop back down soon or if I should buy in now before it rises more.

Well first of all 5000$ is a lot, so you have to be very carefull

And second, even if we had a price rise days ago,it's still awesome moment to buy, later price probably will never go to 400$ again so if you'll buy them now, and if price will rise later, you will be happy

Red-Apple

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Quote from: quadriple7 on March 11, 2016, 10:28:04 AM

Quote from: aBitNew on December 09, 2015, 03:51:08 AM

I'm wanting to invest around $5k USD in bitcoin, primarily just to get cash out of my bank. I've had a Coinbase account for about a year but only used it for a few small transactions, so I'm not very knowledgeable about it.

With the recent surge in price, do you think now would be a good or bad time to buy? I realize there's no way to know for sure what will happen, but am curious if you think the price is going to drop back down soon or if I should buy in now before it rises more.

well not matter that price is rising now, you still should invest those 5000$ in bitcoins

you will ask why? because of halving in July, that should rise price by 100$ at least, and if price will rise till halving like it does now, you will win lots of money

i agree, we are in a good time for any investment in bitcoin.

mainly because we are not yet reached the mass adoption stage which is going to increase the price at leas 10 times what it is right now but will take a long time.

quadriple7

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Quote from: aBitNew on December 09, 2015, 03:51:08 AM

I'm wanting to invest around $5k USD in bitcoin, primarily just to get cash out of my bank. I've had a Coinbase account for about a year but only used it for a few small transactions, so I'm not very knowledgeable about it.

With the recent surge in price, do you think now would be a good or bad time to buy? I realize there's no way to know for sure what will happen, but am curious if you think the price is going to drop back down soon or if I should buy in now before it rises more.

well not matter that price is rising now, you still should invest those 5000$ in bitcoins

you will ask why? because of halving in July, that should rise price by 100$ at least, and if price will rise till halving like it does now, you will win lots of money

Pollak

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Its is a good time to buy and not a good time to sell. The value is not high enough to sell it and that is the problem.
We just have to wait for what is going to happen in the future and see if the value is going to rise and the halving is also coming.

n0ne

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Quote from: benmartin613 on March 10, 2016, 05:31:50 AM

Quote from: ~Bitcoin~ on March 09, 2016, 11:58:33 AM

Quote from: Realetim on March 09, 2016, 04:34:48 AM

the price dropped to arund $400 again. The bitcoin is in the range trading mood. So I think it is better to buy at $400 and sell at $450.

yes but with only buying 1 bitcoin is not enough for good profit in short term. But with the small investment it is quite risky but trying altcoin trading is good option.

1 bitcoin is really not enough for profit you need to at least but 50-100 coins to make a profit, So for small time traders will have a hard time gain profit from this value.

How much one can afford is considered rather than thinking high as 50 or 100 bitcoins.

Altynbekova

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Quote from: benmartin613 on March 10, 2016, 05:31:50 AM

Quote from: ~Bitcoin~ on March 09, 2016, 11:58:33 AM

Quote from: Realetim on March 09, 2016, 04:34:48 AM

the price dropped to arund $400 again. The bitcoin is in the range trading mood. So I think it is better to buy at $400 and sell at $450.

yes but with only buying 1 bitcoin is not enough for good profit in short term. But with the small investment it is quite risky but trying altcoin trading is good option.

1 bitcoin is really not enough for profit you need to at least but 50-100 coins to make a profit, So for small time traders will have a hard time gain profit from this value.

Lol not everybody has that amount of money. If you can't buy 50, buy what you can.
But ontopic, right now is a risky period to buy. Sure the chinese people can boost the price, but there is no guarantee that will happen.

benmartin613

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Quote from: ~Bitcoin~ on March 09, 2016, 11:58:33 AM

Quote from: Realetim on March 09, 2016, 04:34:48 AM

the price dropped to arund $400 again. The bitcoin is in the range trading mood. So I think it is better to buy at $400 and sell at $450.

yes but with only buying 1 bitcoin is not enough for good profit in short term. But with the small investment it is quite risky but trying altcoin trading is good option.

1 bitcoin is really not enough for profit you need to at least but 50-100 coins to make a profit, So for small time traders will have a hard time gain profit from this value.

~Bitcoin~

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Quote from: Realetim on March 09, 2016, 04:34:48 AM

the price dropped to arund $400 again. The bitcoin is in the range trading mood. So I think it is better to buy at $400 and sell at $450.

yes but with only buying 1 bitcoin is not enough for good profit in short term. But with the small investment it is quite risky but trying altcoin trading is good option.

talkbitcoin

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Quote from: Realetim on March 09, 2016, 04:34:48 AM

the price dropped to arund $400 again. The bitcoin is in the range trading mood. So I think it is better to buy at $400 and sell at $450.

i agree, if you want a quick profit for your short term investment then this range is a good place to make that profit but it can be risky too because the price can continue to go up and you get left behind while selling at $450

Realetim

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the price dropped to arund $400 again. The bitcoin is in the range trading mood. So I think it is better to buy at $400 and sell at $450.

harizen

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Quote from: makingwin1 on March 02, 2016, 04:19:57 AM

5000$ to invest is alot, so i would wait atleast when price will drop below 400$, because i don't think that it will go lower, better buy at 400$ with no risk, should be go there in 2 weeks

Every buy price has risk please keep that in mind. You are using the word "think" so even you are not sure like everyone else.

We can play with the risk but never go in an investment with a mind set that this is not risky.

Did you know that you can make profits while at the same time waiting for your buy target which is $400? Bitcoin price are volatile we all know that.

n0ne

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Its not the bad time. Its the best time for a buy, as the halving is approaching you will surely get a profit. So with much confidence you can go for a buy in these days.

makingwin1

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5000$ to invest is alot, so i would wait atleast when price will drop below 400$, because i don't think that it will go lower, better buy at 400$ with no risk, should be go there in 2 weeks

randy8777

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Quote from: Nimbulan on March 01, 2016, 10:35:59 AM

Well price at this moment is 437$, and it is because of pumping, so you have to wait till price will fall again, then will be good time to buy

people who are always waiting will mostly end up waiting too long and by that time the price has gone up instead of down. just buy now with 50% of your money and keep the other 50% for when the price goes down even more. it's a win win for you. if the price goes up you will benefit as you have bought yourseld some coins, and if the price goes down you will benefit too because you can buy at a lower price level. i always trade like this.

Nimbulan

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Well price at this moment is 437$, and it is because of pumping, so you have to wait till price will fall again, then will be good time to buy

Bitspenser

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Quote from: KingW on December 21, 2015, 12:29:29 PM

I think its a great time to buy, because on newyears it is going to rise

This is not good prediction as we are in the new year now and the price is still stuck in the $400 range. The price might rise in next quarter.

KingW

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I think its a great time to buy, because on newyears it is going to rise

Supercrypt

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Quote from: HarryKPeters on December 20, 2015, 04:16:11 PM

For now I would try to hold off buying. The market sentiment is not clear.

My outlook on the long term hasn't been changed (BUY), but the outlook for the short term is unclear.
I think the price will go back to 400 USD or even lower.

I too think the same as it may reach $400 but not go below that most probably. There is panic selling in the market but even I am going to wait till the price again becomes stable and then buying would be preferred. I just hope it doesn't go back to $250 as many users would be losing by buying at the current rate.

LuckyYOU

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I would be careful honestly.

There is no sign or book that can predict where we going. In the current market the price seems a little bit high and a big dump can follow easliy.

HarryKPeters

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For now I would try to hold off buying. The market sentiment is not clear.

My outlook on the long term hasn't been changed (BUY), but the outlook for the short term is unclear.
I think the price will go back to 400 USD or even lower.

Topic: With the recent price jump, is now a bad time to buy? (Read 4009 times)