Should I buy Bitcoin? : Bitcoin

Buddy, if you are a holder then it doesn’t matter when you buy BTC.

Just buy and leave it alone.

I do believe crypto is still in infant stage and we are still yet to see what comes in the future.

For those are asking, guys, you can use these 3 Best Crypto Exchanges recommended by other Redditors to buy BTC and other altcoins.

You should buy if you understand & believe in what bitcoin’s trying to do.

If you do anything else, you may be lucky with bitcoin, but you’ll eventually be parted from any profit you make by plausible-sounding crooks working some grift or other.

Buying Bitcoin now is hell of a lot smarter than buying at the end of last year. This is all anyone knows

Depends on your time frame, I bought in 2015 at $350, then it dropped below $200, I continued to hold and sold a good amount at $12k last year.

Hi, so I only have £10,000 in savings, for that I can buy 1 bitcoin and have just over a grand left over.

Should I do it? It will probably take me the rest of my life to save up that kind of money again but I also really want to buy a house and if all this conspiracies are true that the bitcoin will jump up to 100k in the next year or so.. I want in.

Bitcoin can divide to 8 decimal places, with the lowest denomination being a Satoshi.

If you can’t afford to risk all your saving, buy 50 million satoshis instead.

Why not just invest 10% of that? Why do you have to go all in on some conspiracy? I’d say diversification is a safer choice

A stone a day into the pond is better than the whole handful at once. If you prefer to put all your savings into BTC, the best bet would be to continually add over time.

diversification does terribly in contractions.

it always starts as “only a small part of your net worth”, but a few years later it inevitably is 90%+ of that

Yeah I started small last December but there were so many dips to buy that now all I have is innernet money.

Hyperinflation could happen to any asset. However, it seems cryptocurrency, unlike most fiat currencies actually can recover after such event. Can’t think of any fiat currency that has recovered after a complete loss in it’s manipulated market value.

obviously with Bitcoin the depreciation is not caused by inflation, so I think it’s not a good comparison.

I was expecting something somewhat funny but this is actually good.

When I 1st came to the crypto the price of BTC was $3k or something and after some day its hit $10k with a jump and keep going and going..

I didn’t even believe my eye that what is happening….

It was so far for me to invest in..

But now its come in low price again and not jumping for a long times… Should I buy it now or it will come more lower? I’m felling confusion about this. Please help me what should I do..

There will never be “the right time”.

Investing is about taking risk and learning from failure.

Would I say now is a good time to invest, yes.

Do I think the market will go even lower, yes I do.

But, tomorrow is never promised.

My strategy is investing on a bi-weekly schedule, regardless of the current market situation. If I were you I’d invest 25-50% of what you’re wanting to spend now and keep the other 50% liquid to invest in small amounts as we go down or up.

Buying BTC now is a mugs game, BTC prices are going way lower than levels today, there isn’t demand hence the lowering price due to people selling out and waiting to buy in lower.

Mining on the most part is unprofitable so expect more selling, and more miners quitting.

If bitcoin is going to rise now would be the time to buy, but in my opinion sometime in 2019, or 2020 the altcoins with greater purposes, and better speed are going to take over the crypto market cap and leave bitcoin behind unless the lightning work is perfected, and bitcoin visa cards become mainstream.

This subreddit isn’t intended to provide financial advice.

Don’t invest anything you can’t afford to lose.

If you are looking to get rich quick, you came to the wrong place.

Please do your own research and make your own financial decisions.

I am a bot and cannot respond. Please contact r/Bitcoin moderators directly via mod ^^mail if you have questions.

fomo ey ; ) do your own research , do not wait for others to tell u what to do

We’ve been getting these questions on r/bitcoin since the price started pumping from $3,000 odd.

Only put in as much as you’re willing to lose. Bring some patience, might take some years until you likely realize: USD does not exist anymore, 0.15 BTC is worth tremendously much.

This is th correct answer. DCA stands for dollar cost average.

I have been thinking about getting I to crypto for a while, but now seems like the perfect time. Prices dropped today so I think tomorrow will be a good time to buy my first Bitcoin. Ill probably but $100 just to get a hold of the process and then slowly buy more over the coming days and weeks. I just made a coinbase account because I read that they were the most trusted.

Now is a pretty good time to get in I would say.

Be willing to wait another 2-3 years for a new ATH though.

Just be patient and invest small amounts regularly.

Never make debt to invest!!!! Only invest what you are prepared to lose.

I have heard people say that. Once I buy the bitcoin, how would I go about transferring it to a different wallet or securing it?

Let’s be honest.

Even if you dont take into consideration all the magical properties of Bitcoin (trustless, global, censorship-resistant)

People are greedy (looking to increase their wealth) and buy because they see the price of Bitcoin goes up (independently of their country)

The more people buy (due to spreading of information and knowledge), the higher the price (due to strict supply)

Thats basically it. Liquidity and transaction costs are improving every year, so you can almost ignore it.

At some point, people start taking profits, thats when the price goes down. Thats why we see waves, but every wave adds two zeros to the Bitcoins price.

This will probably slow down due to the size of the market cap.

Its much easier to go from $10 million to $1 billion, than from $100B to $10Trillion – there is just not enough money in the world for such a move.

Look into dollar cost averaging if your interested in the long term and want to minimize risk.

Is the global financial system still based entirely on fiat currencies? Yes.

Is the long-term average ROI (return on investment) for Bitcoin more than 100%? Yes.

Would an ignorant person turn their back on Bitcoin in light of the current situation? Yes.

Would you have to be pretty dumb to NOT want to own some Bitcoin at this point? Yes.

Is Bitcoin going to become the next Global Reserve Currency? I firmly believe so.

Make sure to send me a message when it actually operates like this. Keep in mind I’m anything but a Bitcoin bear and have been around for years.

The thing is it still trades like a risk on asset.

Period full stop

Mostly good stuff! Just remember a tech or math advancement could change things over night.

I think buying now and on any downturn for the next 5 months and then hold into 2021 through the halving and catch that slow grind to a new all time high.

Just my opinion.

Do some sort of cost averaging.

Remove emotion best you can.

Revisit strategy periodically, but usually not right in the middle of a major swing.

There could only ever have been, at most, 21 million BTC — scarce, by design.

Hint: More than a pizza.

More than a pizza restaurant.

Maybe an entire chain of successful pizza restaurants?

The best time to buy Bitcoin was over 8 years ago – the second best time is now….

There will not be this price anymore, as it not anymore 1e, 100e, 1000e…

It’s always the right time to save money.

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