Bravosi Posted November 25, 2018 Share Posted November 25, 2018 Hey there! I'm new to cryptocurrency, but the news of bitcoin dropping has been all over the place. Everyone are talking about it. Oddly enough, many people see this as an opportunity to buy some bitcoins while they're not so cheap. Many believe people bitcoin will rise eventually again. What do you think? Quote Link to comment Share on other sites More sharing options...
Kakashi2020 Posted November 26, 2018 Share Posted November 26, 2018 23 hours ago, Bravosi said: Hey there! I'm new to cryptocurrency, but the news of bitcoin dropping has been all over the place. Everyone are talking about it. Oddly enough, many people see this as an opportunity to buy some bitcoins while they're not so cheap. Many believe people bitcoin will rise eventually again. What do you think? I think it's price would fall even lower but if you have the money then it's always a good time to invest than not to invest. Besides whatever happens Bitcoin is here to stay and would definitely appreciate in the future. Quote Link to comment Share on other sites More sharing options...
Steve5 Posted November 27, 2018 Share Posted November 27, 2018 8 hours ago, Kakashi2020 said: I think it's price would fall even lower but if you have the money then it's always a good time to invest than not to invest. Besides whatever happens Bitcoin is here to stay and would definitely appreciate in the future. I agree. Bitcoin is actually a pretty stable currency. So I see lots of gains for those willing enough to invest in it right now. I guess it's good for those who are new to it since the price is much lower. 😃 Quote Link to comment Share on other sites More sharing options...
Martinsx Posted November 27, 2018 Share Posted November 27, 2018 If you have the money to invest in Bitcoin at the moment, I'm sure it's a good idea because with the price of Bitcoin dropped off at $3k plus, it is a good deal and hopefully the price would stop dropping and appreciate. Quote Link to comment Share on other sites More sharing options...
Bravosi Posted November 27, 2018 Author Share Posted November 27, 2018 18 hours ago, Kakashi2020 said: I think it's price would fall even lower but if you have the money then it's always a good time to invest than not to invest. Besides whatever happens Bitcoin is here to stay and would definitely appreciate in the future. Yeah, precisely. No matter how low it falls at the moment, it will still be here. It's just way too popular nowadays to just disappear. Unlike other cryptocurrencies... Quote Link to comment Share on other sites More sharing options...
Kakashi2020 Posted November 28, 2018 Share Posted November 28, 2018 15 hours ago, Bravosi said: Yeah, precisely. No matter how low it falls at the moment, it will still be here. It's just way too popular nowadays to just disappear. Unlike other cryptocurrencies... I agree, like they say, the original usually lasts for a very long time. Bitcoin was the first cryptocurrency that's why it can't disappear or devaluate itself to extinction. Quote Link to comment Share on other sites More sharing options...
Kakashi2020 Posted November 28, 2018 Share Posted November 28, 2018 On 11/27/2018 at 8:14 AM, Steve5 said: I agree. Bitcoin is actually a pretty stable currency. So I see lots of gains for those willing enough to invest in it right now. I guess it's good for those who are new to it since the price is much lower. 😃 I do think right now it's not a question of how much or is it a good time to invest, but a question of when would the next bull run will happen. 1 Quote Link to comment Share on other sites More sharing options...
janie1984 Posted November 28, 2018 Share Posted November 28, 2018 I think you should wait a bit longer, with the way things are going in the American and European markets there might be a continued dip in the Bitcoin prices. Also with the holidays coming up people might be selling for that reason. Give it to the New Year and if you start to see prices go up a smidge, maybe buy then. Also Bitcoin is now an accepted currency in Japan and in Sweden people are transitioning to a cashfree lifestyle so I wouldn't be surprised if Bitcoin has a place in the future of money. Don't be too concerned about it going extinct. Quote Link to comment Share on other sites More sharing options...
JPK0007 Posted November 28, 2018 Share Posted November 28, 2018 Well, I think this will be the best time for new investors who have never invested in cryptocurrency before to invest in Bitcoins. I am sure that the value of the BItcoins is bound to increase in the coming weeks and people who are able to invest now can make considerable profits. However investing heavily in Bitcoins at this juncture can be a little risky, given the volatility of its value right now. Quote Link to comment Share on other sites More sharing options...
Kakashi2020 Posted November 28, 2018 Share Posted November 28, 2018 4 hours ago, JPK0007 said: Well, I think this will be the best time for new investors who have never invested in cryptocurrency before to invest in Bitcoins. I am sure that the value of the BItcoins is bound to increase in the coming weeks and people who are able to invest now can make considerable profits. However investing heavily in Bitcoins at this juncture can be a little risky, given the volatility of its value right now. I think the window for investing just closed again with the sudden price spike of +12℅. Hopefully this would trigger a bull run, if not then it's just a correction from the sudden drop of its price. Quote Link to comment Share on other sites More sharing options...
Kakashi2020 Posted November 28, 2018 Share Posted November 28, 2018 15 hours ago, janie1984 said: I think you should wait a bit longer, with the way things are going in the American and European markets there might be a continued dip in the Bitcoin prices. Also with the holidays coming up people might be selling for that reason. Give it to the New Year and if you start to see prices go up a smidge, maybe buy then. Also Bitcoin is now an accepted currency in Japan and in Sweden people are transitioning to a cashfree lifestyle so I wouldn't be surprised if Bitcoin has a place in the future of money. Don't be too concerned about it going extinct. Precisely my sentiments but as usual the unpredictable Bitcoin just did the almost impossible, it bounced back 12 points. Even analysts are getting a headache. Yay for those who invested 2 days ago they just made some good money. Quote Link to comment Share on other sites More sharing options...
Bravosi Posted November 28, 2018 Author Share Posted November 28, 2018 15 hours ago, janie1984 said: I think you should wait a bit longer, with the way things are going in the American and European markets there might be a continued dip in the Bitcoin prices. Also with the holidays coming up people might be selling for that reason. Give it to the New Year and if you start to see prices go up a smidge, maybe buy then. Also Bitcoin is now an accepted currency in Japan and in Sweden people are transitioning to a cashfree lifestyle so I wouldn't be surprised if Bitcoin has a place in the future of money. Don't be too concerned about it going extinct. Thanks for the insight, perhaps I shall wait out indeed. However, do you think the BItcoin and other cryptocurrency have an actual affect on other world's currencies? It's not that I'm afraid that it will go extinct, but rather the opposite, that I'll miss out on the best timing to get it. Quote Link to comment Share on other sites More sharing options...
Steve5 Posted November 29, 2018 Share Posted November 29, 2018 On 11/28/2018 at 9:54 AM, Kakashi2020 said: I do think right now it's not a question of how much or is it a good time to invest, but a question of when would the next bull run will happen. It's definitely something to think about. We can only hope it skyrockets like it used to in the beginning. I'm sure many investors would be happy to find that they've become very rich because of that. It reminds me of the early investors of bitcoin. 😁 Quote Link to comment Share on other sites More sharing options...
janie1984 Posted November 29, 2018 Share Posted November 29, 2018 It's hard to say. I think because it's such a new phenonmenon that you can't really predict what's going to happen in the future. However we can look at real world examples of countries like Cambodia where the Camodian currency isn't used as frequently as American money due to it's lack of worth and American dollars being a sounder investment. I think if Bitcoin were to stablize more, it could become a more sound currency and potentially replace other currencies but right now it's so volitile that it won't have that potential affect for at least a while longer. Quote Link to comment Share on other sites More sharing options...
menchuuy58 Posted November 29, 2018 Share Posted November 29, 2018 On 11/26/2018 at 12:20 AM, Bravosi said: Hey there! I'm new to cryptocurrency, but the news of bitcoin dropping has been all over the place. Everyone are talking about it. Oddly enough, many people see this as an opportunity to buy some bitcoins while they're not so cheap. Many believe people bitcoin will rise eventually again. What do you think? Hello Bravosi! It is good to know that you are also into cryptocurrency. I have also known the news that the price of bitcoin is dropping all over the place. I believe that today is the best time to buy some bitcoin. It might rise again the next year. Quote Link to comment Share on other sites More sharing options...
menchuuy58 Posted November 29, 2018 Share Posted November 29, 2018 On 11/28/2018 at 11:09 AM, janie1984 said: I think you should wait a bit longer, with the way things are going in the American and European markets there might be a continued dip in the Bitcoin prices. Also with the holidays coming up people might be selling for that reason. Give it to the New Year and if you start to see prices go up a smidge, maybe buy then. Also Bitcoin is now an accepted currency in Japan and in Sweden people are transitioning to a cashfree lifestyle so I wouldn't be surprised if Bitcoin has a place in the future of money. Don't be too concerned about it going extinct. I agree with you. The trend now in those countries is to go cashless. I think you have a point that bitcoin has a place in the future of money. It is because bitcoin is not using money paper that can be hold up from any person. Quote Link to comment Share on other sites More sharing options...
Kakashi2020 Posted November 29, 2018 Share Posted November 29, 2018 6 hours ago, Steve5 said: It's definitely something to think about. We can only hope it skyrockets like it used to in the beginning. I'm sure many investors would be happy to find that they've become very rich because of that. It reminds me of the early investors of bitcoin. 😁 I do hope so. Right now Bitcoin's price just rebounded to $4.3K, it's showing a good start for another run. Hopefully it goes up another 10-20 points. 1 Quote Link to comment Share on other sites More sharing options...
Bravosi Posted November 29, 2018 Author Share Posted November 29, 2018 7 hours ago, menchuuy58 said: I agree with you. The trend now in those countries is to go cashless. I think you have a point that bitcoin has a place in the future of money. It is because bitcoin is not using money paper that can be hold up from any person. I don't really get the whole "cashless" thing. How would you buy stuff? In my opinion Bitcoin and other cryptocurrencies are as much as cash, as others (EUR, USD). Only a virtual one. The whole problem with Bitcoin and other cryptocurrencies for me is the problem to understand who runs it, how does it hold, where did it start. Many many other questions. The most important one, what if it's someone's scheme to get people's money and then collapse the cryptocurrency (conspiracy theory). Quote Link to comment Share on other sites More sharing options...
Steve5 Posted December 1, 2018 Share Posted December 1, 2018 On 11/29/2018 at 5:14 PM, Kakashi2020 said: I do hope so. Right now Bitcoin's price just rebounded to $4.3K, it's showing a good start for another run. Hopefully it goes up another 10-20 points. I think it will. I noticed that it kind of happens during the holidays. If I'm not mistaken, it also went down around this time the previous year. Maybe there's a thing when it comes to special occasions. 😁 Quote Link to comment Share on other sites More sharing options...
nekonieden Posted December 1, 2018 Share Posted December 1, 2018 Same boat here. I am just new to this site and new to bitcoins. I have invested money for bitcoins but I have not yet withdraw it as I want to reinvest it again. I am not just quite sure if it works or not. Quote Link to comment Share on other sites More sharing options...
Martinsx Posted December 1, 2018 Share Posted December 1, 2018 2 hours ago, nekonieden said: Same boat here. I am just new to this site and new to bitcoins. I have invested money for bitcoins but I have not yet withdraw it as I want to reinvest it again. I am not just quite sure if it works or not. If you have your money already invested in Bitcoin, I would advise you to just leave it on it for the moment. Even though the price is falling at the moment, don't sell it off. If you still have extra fund to spare, you can invest more but don't invest too much money in case all goes wrong. Quote Link to comment Share on other sites More sharing options...
focusedwriter10 Posted December 1, 2018 Share Posted December 1, 2018 On 11/26/2018 at 6:46 PM, Kakashi2020 said: I think it's price would fall even lower but if you have the money then it's always a good time to invest than not to invest. Besides whatever happens Bitcoin is here to stay and would definitely appreciate in the future Here is the answer. If you have the money to invest, it's the right time to invest. Just know the prices will go higher very soon. Quote Link to comment Share on other sites More sharing options...
Bravosi Posted December 1, 2018 Author Share Posted December 1, 2018 16 minutes ago, focusedwriter10 said: Here is the answer. If you have the money to invest, it's the right time to invest. Just know the prices will go higher very soon. But the whole question is, when do you know that the time is right and that Bitcoin fell to it's lowest? In theory it could fall even more, or suddenly rise. Quote Link to comment Share on other sites More sharing options...
Alymae Posted December 1, 2018 Share Posted December 1, 2018 I think nobody can answer this question since no one knows when it will rise or fall down. It could suddenly rise and just fall down again. If you have the money, then, invest. But only invest what you can afford to lose. Investing is a risk especially in cryptocurrencies. As of now that the bitcoin is low, then, it might be a good time to buy and just pray that it will rise in the future. I also think that bitcoin is here to stay and will definitely make a comeback. You can also read reports about bitcoin and decide from that. Quote Link to comment Share on other sites More sharing options...
Kakashi2020 Posted December 2, 2018 Share Posted December 2, 2018 21 hours ago, Steve5 said: I think it will. I noticed that it kind of happens during the holidays. If I'm not mistaken, it also went down around this time the previous year. Maybe there's a thing when it comes to special occasions. 😁 I noticed that too, just before the holidays it's price would appreciate and then it would go down because of profit taking that would lead to bargain hunting which would drive the price up again, this cycle would happen again and again before a rally. 1 Quote Link to comment Share on other sites More sharing options...
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