Post
Topic
Board Speculation
Re: What price would you stop buying Bitcoin?
by
dmamigo
on 25/05/2017, 05:51:05 UTC
It seems I will not stop buying bitcoins at any price because if we sell them it's profitable given the higher bitcoin price is like a digital investment, Although be careful and smart manage when to sell and buy, we don't know how long the price will continue to rise.
It does not really matter why the price of Bitcoin increases because I kind of just spend the coins right when I receive it. I don’t like to speculate so much on the price because the rate of it could change in an instant and the price of Bitcoin could get lower that what 97% of the people guess it would be.
Bitcoin is just a money transfer system that allows me to purchase things that I want/need on the Internet.
Good for you but don't you realize that you are wasting the opportunity of earning a lot of money in the future? If you see the price of bitcoin now compare to the price in the past, you will actually see a huge increase in the price and that is what you didn't grabbed, you just buy and spend while you can buy and hold that can help you in the long run.

Your point is 100% right, but its only if you want Bitcoin as an investment option. But don't forget that it is a transaction medium as well, which is hassle free and not restricted at the moment by any means. SO its upto the individual if he or she wants to just transact or grow his money.
And if anyone is thinking to hold, even now its a great time, I believe it will go further in the coming month. If someone is thinking to stop buying or acquiring Bitcoins by judging the price then Bitcoin is not a suitable option for them.