Is it not too late to buy Bitcoin?
By thenight
@thenight (65)
Indonesia
November 20, 2017 1:16pm CST
A few months ago 1 BTC is equal to $2000-$3000 but I'm shocked to see current rate. I don't know how it happen but right now bitcoin rate is above $8000 just for 1 BTC. So it grow more than 3 times in a few months.
I also heard it's very possible if at the end of this year the rate may jump again to $15000 for 1 BTC. I don't know it's true or it just a rumor. What do you think about this? Is it not too late to buy Bitcoin?
4 people like this
4 responses
@allen0187 (58444)
• Philippines
21 Nov 17
I'd still buy it but only with funds that I'm comfortable 'losing'.
2 people like this
@thenight (65)
• Indonesia
21 Nov 17
@allen0187 Yeah, I will use my extra money because I don't want to get any problem. I plan to spend $50-$100 to buy bitcoin later.
@allen0187 (58444)
• Philippines
25 Nov 17
@Datecs agree. They are reaping the benefits of being one of the first who invested in it.
@marguicha (215428)
• Chile
20 Nov 17
I would not mind it if I could buy, lets say, $50. But more than that, it would be too much to spend on something I know nothing about.
2 people like this
@thenight (65)
• Indonesia
21 Nov 17
@marguicha Thanks for the advice, later I will use $50-100. For now. I decide to wait first until the price dropped again. Bitcoin just hit their highest price today, I think it's not wise to buy it now. Better to wait until it dropped first.
1 person likes this
@AkoPinay (11544)
• Philippines
21 Nov 17
For others, it is not. But for me it is too late already because blockchain fee has increased too. Where would I use it after buying it? I used to buy $2 to $10 worth of crypto coins before because transaction fee was lower compare to PayPal, etc. but I can't do it now. I will continue using crypto to RECEIVE online payments but not to buy Bitcoin anymore. Or, I may buy LOCALLY and use it LOCALLY only. It is no longer practical to use Bitcoin to transfer funds from/to other countries unlike before.
Blockchain supposed to be lowering fee when CryptoCurrency price is rising. And supposed to increase fee when CryptoCurrency price is falling in order to...
1 person likes this
@thenight (65)
• Indonesia
21 Nov 17
Ah I forgot to calculate blockchain fee before buying, thanks for telling me that @AkoPinay . Right now the price dropped again and it make me confused lol. I decide to wait first until the rate around $7000-$7500. Why you said if it no longer practical to transfer money from/to other countries?
