So... Bitcoin. What are you doing?
If you have not noticed, which i'm sure you have. The price of bitcoin has been going down. Currently July 16th 2017 at 3:18 pm the price of Bitcoin on coinbase is $1884.20, down $156 from yesterday. Lowest point being $1790.01 at 5:56 am.
Is this a bye bye bye sign for bitcoin?
Or is this a BUY BUY BUY sign for bitcoin?
My thoughts are to BUY BUY BUY. Do not buy at the current price around $1880 per btc, but to put some alerts on your phone thru the coinbase app to alert you when the price of btc drops. I set mine up to alert me when the price drops below $1751.
Open coinbase app (i'm on android)
Go to Dashboard from the upper left menu.
Then press the notification bell in the upper right.
(Shown below)
Next press the + located on the bottom right.
Then choose a price anywhere from $50 to $150 below current bitcoin (btc) price.
You do not want to put the alert price very much lower than the current price. You can always add another alert once it hits a lower price.
I do check the price of bitcoin often, but i do like that i can have an alert to notify me when it hits a certain price. Example: I would be asleep at 5:56 am when it went low earlier today, but now you can set an alert to wake you.
Remember you do not have to spend the money you want to invest all at once. If you want to spend $1000 then buy $150 here and $200 there. Because it will be that point where you think it will be at its lowest about to shoot up and then it can go lower. Save some investment money to buy when and if it goes lower.
I took time to write this so if you like it take time to leave a real comment. I follow real people.
if you buy make sure it's soon, idk about u guys but I don't use my visa i'll directly buy from my bank account which usually takes a week to come in. so with august 1st almost 2 weeks away keep that in mind...
just trying to be helpful
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This was some helpful information for people who go the same route as you. Mine is instant so i did not think about that. Thanks @steveitt
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:)
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Good, simple strategy. I used to have the Coinbase app on my Android, but after losing phones, etc. I haven't put it back on. Believe me, with the current state of affairs I'm thinking of doing it again!
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You should. Ive noticed that coinbase price seems to usually be lower than bittrex. Idk if coinbase is updating it faster or slower. Anyways i can buy it at the coinbase price even if it says lower than bittrex.
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Hello please kindly like my post too thanks
https://steemit.com/eos/@romantic4/expect-your-dreams-to-happen
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done
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I just looked at your profile! If you like humor you've got to look at the post I did a minute ago using two Twilight Zone episodes to analyze the whole hard fork dilemma!
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Alright @steveitt i will do that.
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I'd say buy buy buy!!!!! Bitcoin is made to survive. Ask Andreas Antonopoulos!
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I'm still working on my crypto currency trading strategy, but this is a welcome component to consider. With the volatility of crypto currencies, I definitely intend to include some variant of dollar-cost averaging.
This is an old stock trading strategy that consists of buying the same dollar amount at regular intervals regardless of the price. If the price is high, you automatically buy less. If it is low, you buy more. The result is that the average price you paid for of your holdings is less than the average market price.
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