Quote from: btc_angela on January 21, 2020, 01:04:33 PM

Quote from: Robdwny on January 21, 2020, 12:33:11 PM

I did buy in bitcoin over a month ago 7k the plan is to be a long-term hold. Now I have about 20% more to buy in with, with the prices so high and everything I was going to buy some Altcoins Mainly Ethereum Or more bitcoin.
This Is the hard part of my plan trying to figure out should I just hold onto the cash in my account and see what the prices do?

Well I have been waiting for the price to go to $6k at least, but I think it won't go down that far.

It's too bad that I didn't go in when the price is still cheap, because that time I don't have the funds yet. But last week I suddenly have a good win in a land base casino and I'm thinking to invest it on bitcoin. Sadly the price is too high, at least at this moment. I know your dilemma, but I'm not giving you financial advise because I'm also confused whether I should buy or not.

@Robdwny its very difficult to answer this question because theres mixed sentiments in the crypto market, and bitcoin prices have remained fixed at $8600 levels with no clear indication whether prices will shoot up or fall down. However since youre planning to hold it for the long term you can buy small amounts of bitcoins now, and if it falls down then buy it again this way youll have a nice average in the long run. @btc_angela its all right to have this dilemma, but as I have suggested above you can always buy small quantities, and buy more if prices drop and then hold it for the long term hope this helps.