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Should we buy more bitcoin now?


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17 replies to this topic

#1
otk

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Just read somewhere Bitcoin could get up to 1 million on 2020, many brokers are offering bitcoin for trading. I wonder if all we buy, are all we rich?


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#2
Josesv

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Crypto-analysts claim that during the next US crisis, not only will global investors shift towards cryptocurrencies (i.e. the dollar will lose its status as a safe haven and become a high-risk, unreliable asset), but American citizens will also look to exchange their dollars for crypto, bringing about a total collapse of the US dollar.

 

But there are many sectors that see it as a bubble about to explode, I have invested a bit in the bitcoin through cfd and the forex signals always tell me buy bitcoin, but I really believe that having an intervention of the banks or the development of the quantum processor by google the bubble can explode


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#3
Sininfinity

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Honestly I am also looking for an answer to that question. Everything against bitcoin backfires. Few days ago CME group badmouthed bitcoin and also China did impose some kind of ban on bitcoin trading. And after few days CME group said they are going to offer bitcoin for trading. After that price rose to $8,000. There is no name of price fall and buying bitcoin at this rate is expensive in my opinion. On the other hand it may be cheap just in case price goes up more next year. I am looking for a downtrend on bitcoin.


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#4
bearhugs

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There is a bit more involved to arbitrage profitably. Bitcoin prices vary on different exchanges based both on trading behavior and on how easy or difficult it is to move fiat currency and bitcoin in and out of the exchange.


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#5
Sininfinity

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I don't understand how people are moving an instrument to so higher. Feels really bad seeing such kind of things happening and can't do anything with it. Now bitcoin reached $18,000+ and roaming around.


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#6
sidejob

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There is a bit more involved to arbitrage profitably. Bitcoin prices vary on different exchanges based both on trading behavior and on how easy or difficult it is to move fiat currency and bitcoin in and out of the exchange.

It is simply unstable and volatile, BTC changed from money to investment. I think if you want to buy bitcoin you should think twice. buy ripple or ethereum is better or even dogecoin if you really want to use crypto currency as the mean to pay something without worry the great volatile like what happens to bitcoin.


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#7
myregister

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But i think that is not a problem isn't it? People still treat bitcoin as the form of investment and it will be until people lost confidence or there is a replacement for it. Beside, forex become popular because it starting to act as the place to store wealth not as the real currency.


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#8
Latham Lapard

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Right now, I believe investment into Bitcoin can give us some SERIOUS returns, but it is all down to how sensible we are with our approach. We need to judge things very wisely to ensure benefits. I like it a lot with FreshForex, as they fully support me with Bitcoin trading and makes life a lot easier!


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#9
bearhugs

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Higher volatility provides greater variability to make trades around. But to achieve these kinds of profitable price swings with a classic currency pair, you would have to lever your trade up substantially, which costs you interest.


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#10
junrose123

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For my own point of view I would not really go into buying since I don't want to spend money from bitcoins since we can already have bitcoins through some faucets although it is not as big as we are to received. But later on if these will be accumulated I think it would really be a huge money also.


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#11
junrose123

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I am not the type of person that wold want to buy bitcoins since I am more into savings, as much as possible I don't want to give cash but rather would like to receive it if possible..


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#12
Gee Dee

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However with the automation of financial market and digitization of monetary standards, there is a recent craze for Crypto currencies and Bitcoin is the highest paid virtual currency now. So brokers are now trying to expand their business in serving the virtual cash also. But the comparison between USD and Bitcoin is somehow unrealistic in my view point. How can we forget the real currency? Is not it too much imaginary to walk in virtual world with virtual money only! That’s why, I can suggest that you can invest a smaller lot in Bitcoin.


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#13
JohnyIve

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I suppose now it's the best time to buy bitcoin and any crypto. From february till january 2019 will be trend and all crypto will grows up


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#14
Sininfinity

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Altcoins are correlated with bitcoin so it follows bitcoin price. As one of the members said it is related to arbitrage so that can be one reason for price to change rapidly. But at the same time the transfer time of bitcoin takes a lot of time, so I wonder whether the opportunity exists by then or not.


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#15
bearhugs

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Bitcoins are a high risk/high reward investment and it has the potential to be a disruptive, transformative force in money and payments for centuries to come.   It isn't easily digested in a few hours.


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#16
Sininfinity

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Bitcoins are a high risk/high reward investment and it has the potential to be a disruptive, transformative force in money and payments for centuries to come.   It isn't easily digested in a few hours.

 

Bitcoin brought a  concept that can change the way we use money today. But I think bitcoin will be a dinosaur crypto currency. There are many other more efficient coins are getting developed which is faster and less expensive. And bitcoin right now has such high value that it is not totally easy to use instead of other currencies.


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#17
Bausma

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From what I read from freshforex analysis, I think Bitcoin should be sold. according to the analysts forecasts, there's a dark cloud forming on Bitcoin.

 

I read the forecast for NordFX - predict even greater growth this year.


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#18
bearhugs

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Bitcoin might be useful to transfer or exchange the money but the way it takes high points in last few months, it has totally changed mind of investors that how they should work with it to get profit with it.


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