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Old 20-02-2017, 08:03 AM   #16
Hafi
Master Member
 
Join Date: Mar 2003
Posts: 2,550
i was thinking of buying 1k to fund online purchases or as emergency funds when im overseas but the price is so volatile....but it seems to be on a long term upswing though and bitcoin is starting to be a popular payment option among online merchants.
The bitcoin price is irrelevant if you intend to buy bitcoin and use it immediately... ie you buy 1k worth of bitcoin and spend it on a 1k item within the hour, you will lose out on the currency exchange rate SGD--->USD and some % bitcoin fee.

If you want to buy and hold bitcoin now (@USD$1055) then it is not really advisable because China being Bitcoin largest market can just make any bearish comment and bitcoin price will just tank. There are 2 cases of such example since the start of 2017 already. Want to invest better wait for it to drop to the $800 range or lower.
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