Quote from: RoommateAgreement on September 10, 2017, 04:16:00 AM

Quote from: Mometaskers on September 09, 2017, 05:16:09 PM

I would like to but I don't have enough money for this. Also, the bitcoins I already converted was from when bitcoin was a bit cheaper so I'd lose money if I use that to buy. I could have sold some the moment it dipped but that is hard to do, especially with the large spread in our local exchange. I bet whales with some connection with the Chinese government are gonna be richer again after this.

yeah, this is usually one of my problems too. when a big dip happens, sometimes i don't have money to buy in. but so far i have borrowed money a couple of times to buy bitcoin in the dip. not that i suggest doing it but that is an option. and so far i have been successful and even if i wasn't, the amount that i chose to borrow was managable enough to cover in case i lost some amount like 5%.

the thing you need to remember is that when you buy in the dip there is no more room for big losses. the drop has already happend inside a dip so there is only up left to go.
the trick is finding the bottom and buying near it.

for now i suggest waiting for some new news then making decisions. the last dip is over and we need to see what happens now.

Haha, if only I can have someone to borrow money from. None of my relatives having anything to lend me. I don't think buying and selling bitcoin would be profitable for us outside the US. How high are the spead there? With the exchange I'm using the difference between the buy and sell price is almost always $200, which kinda make it hard to time things right.