Bitcoin Forum

I know this is your standard noob question but being new to bitcoin/cryptocurrency i thought it would be worth asking. With the price down to ~$200 is now the time to be buying them? Ive read some of the horror stories of people losing 30k etc and that's more than a lifetime of savings which if i had couldn't even comprehend losing. At the moment ive bought my first btc but am now worried of a potential crash.

I know you shouldnt risk what you cant afford to lose but you have to take some risks i suppose.

Im guessing this may be a question better asked to a crystal ball?

thanks and apologies if this gets asked everyday.

If I had the funds, I would rack up as much bitcoins as I could. Bitcoin is still at an infant stage, more and more companies and individuals will be slowly attracted towards the decentralised currency. Which means things can only get better henceforth

yes, better ask the crystal ball ;)

If you buy, the price will probably go down, and bears will be screaming they warned you not to.

If you don't, it'll probably go up and the bulls will be screaming generally.

Maybe buy a little every week over the next 6 months.

With current sentiment I might try waiting for a long period of stability followed by some gentle uptrend. (Then again, what we have currently may be what passes as stability around here). In the long term, a lot of people seem to think Bitcoin has a bright future. The price can go higher, but it's not impossible it'll go via $10 first ;D

In summary, I have no idea. Only dabble in Bitcoin if you can handle the rollercoaster :)

If I had money that I could invest and didn't if I lost in the worst scenario, I would invest it right now on bitcoin. Bitcoin is an important tool for many services and applications and will be a really important tool in the future. So I would suggest you to invest in this period since the bitcoin price is falling and will probably fall in the following days. But don't forget, don't invest if you can't afford to lose it all. Good luck with the investment  :) !

Thanks for the reply's,

I lost my post since its been bounced all over the place =p.

Ive got a bitcoin price tracker on my phone now so i can worry all day by watching the price drop. knowing my luck i will buy them and the price will drop, Just having my 1 btc feels like a good start but cant see me gaining to much on that. Hopefully more in the future :)

Of course none of us knows the future, but the fundamentals are still sound, adoption is up, lots of projects have been recently started. All good news. However supply is also way high right now. The market is awash with stolen coins, government auctions, mega-super mines. It has kept the price reasonable. As the extra coins work through the market and the supply is halved next year we should see increases.  Assuming the demand remains the same or higher.

I think we'll go a little bit below 150$ before rebounding (it might take a few weeks or even a month though) and I'll buy at ~150$ :)
Well it's speculation thread isn't it :P

i like to hold to be honest, i'm not a good trader, but i would buy everything if it fall below 200, for sure

for now i would wait a bit more, as it seems the drop is just started

i bought some coins yesterday because i don't think it will drop below $200 so from that view it's a good investment for me. and if it goes below $200 i will buy some more.

From the previous trends it has only been clear that after almost every fall there is a rise. But not if say it drops from 600 to 200 . Right now it dropped to the lowest it can probably go to , I expect the same for this time.

well id say the the floor may have been reach this time around so yeah its a good time to buy buy BUY !!!

Should I buy now or will it drop even lower next week? I might increase my holdings to around 2 BTC! So rich...

It is always a good time to buy small amounts of btc. Not too much you can't afford to loose. Price can go lower, no one knows where is the bottom. When bitcoin recovers, you wish you had bought more now.

Yes and yes. I'm currently doing something like the first. It's been working well so far.

In the long run 200 USD will be like small change compared to what bitcoin will become.

Buy now, you'll probably treble your money at least in 18 months.

Some times people tend to wait too long for the right price and lose out on the opportunity of buying at what looks like the bottom.

What if you are all about that base?  Seriously, BTC has network effects on its side.  It has the best market penetration of all crypto-currencies.  I am sure those living in Cypress would have appreciated a sneak-peak in to the future before their money was confiscated out of their bank account.  The advice I hear of the most is to invest a couple of a percent of your savings into bitcoin.

sdp

Gemini
Coin ETF
BIT License
The next halving

It's nigh on impossible for the price to stay this crap long term

Definitely a good time to invest op. I only came across bitcoin in January. Since then I've dropped £13k, which is just under 75% of my life savings. Zero regrets so far. Yes the price has dropped but really, what are the chances of just lucking out and investing at the bottom of the market? Even if the price drops to $50 I will still be able to tell myself I got in at about a quarter of the 2013 high. I would rather miss the bottom of the market then miss the next bubble.

The fundamentals are so good, the upside is so enormous, get involved!

Also, I don't understand why there aren't more posts like yours. I would have thought there are literally tens of thousands of people finding out about bitcoin every day, but if this is the case then why isn't the forum flooded with these posts?

agreed the prices must swing back soon as the floor seems to be near or already reached but not broken :P :D

Sell whatever you have, its gonna crash in 9 minutes

Bitcoin has been a steal since we started getting really cheap (sub 5XX). Been buying monthly since them, not a single regret, it will all pay off, hard work and dedication and a long term vision, that's how you make it.

 Nice post Jay Tiesto.

People think they can own 5 BTC & get rich in 6 months.

This shit takes years of accumulating & maybe even a decade or two HODLING.
The patient amongst us will reap the rewards.

I'm late 20's, I can wait 20 years until I need BTC to pay off big time.

If you dont have coin to HOLD and have a funds to buy, i recommend to buy(half maybe), strongly recommend to HOLD your coin(if you have). Dont lost your train and dont bears eat you.


~iki

same, holding pays off eventually or it wouldent exist at all, why would people hoard and invest millions unless they believe in BITCOIN !!! :D

Despite the price drops, people are holding because they have the sense where $200 sell off most people get rid of, then they dont have enough of their own when it spikes back up.

I recommend selling always like 1/3 of what you hold or whatever to do necessary things. Instead of seeing the prices go up and down everyday, which will drive you crazy. I suggest you to forget about bitcoin and come back to it like a year late with the holdings you have.

And continue your job or whatever you got going on.

Bought some coins today for the first time in a LONG time. I think last time I bought any they were around £8-9 mark LOL. Bitcoin will always have a future and it's own uses even if it isn't widely adopted...

its a strong step to buy bitcoins now in my opinion. everyone said that people should buy on 600 and bitcoin fell now it could be the same

Theres that quote by warren buffet.

"I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful." - Warren Buffett

But, then again the hindsight he fails to share was he also had an edge of what others couldnt do at the same time.

Looks like the price is rising up a bit... Was that the bottom and should we buy now? :) Or is it just temporarily

We are looking at a possible double bottom. Hold on.

It's an insane risk right now to not buy. It's a scenareo where you are waiting for that perfect price. "Wait a bit, a bit more" and then you get hit by the train at full speed while you sleep.

if you have money and you are ready to invest for 2 to 5 years then its a good time. Dont worry about 10$ to 15$ change.

Long term investment is the way,

The real investers invest for a year, then dump

If you bought your first btc with whatever that you have, you are basically putting yourself in difficult situation. We can't possibly know how high of a high it will get or how low of a low it will go. Basically it is about limiting your risk.

no investors here

Yup, coz most are already bagholders for life :)

Wait for me, I still have to fill my bag :P Just wondering for the right time, hope btc hits below 200$ again.

I'd say it's a good time. Getting the most bitcoin for your money is always a gamble. Waiting for the perfect price could cause you to miss the train. One day you may wake up and not be able to afford a single bitcoin.

Ive actually decided to buy another btc but i can see one of the major problems with btc is actually trying to get hold of them. I can buy on localbitcoins but only for quite high over market price.

Set an account up with Coinbase or another exchange? Pretty easy.

#

Im sure i tried them and they dont take uk bank accounts?

Edit:- no they dont

maybe its just hard to buy in the uk, ive used virwox paypal method but have to pay through the nose for it, and ive had luck with local bitcoins but being a pretty new buyer with little feedback its not as easy as you would expect. i also signed up for speedybitcoins but they still havent sent out a referee code.

im sure theres an easy way, Ive just not found it yet.

Can try Circle, BTC-e, Bitstamp, Okcoin.  New one starting up is to purchase BTC from is https://banxtrade.com/

Btc and Investing don't go together. What is investing if your investment continuously drops in value? If you keep losing money in a commodity, do you call it an investment? Save your money, invest it somewhere else other than crypto-currency. There's no more money to be made here. All advantages belong to early adopters and whales; any new comer is now called a bag-holder. Please do NOT become a bag-holder. Btc will go down to $0.00, its true value.

bitcoin is never again going to 4 digits, you can see europe collapsing now, are they rushing into bitcoin?? no..
don't let the dreamers con you into their bitcoin utopia dream of billion dollar bitcoins & if you really must own some bitcoins wait until the price falls below $100 later this year  :-\

Trolls will be trolls.  If they thought BTC really would end up at 0, then they would not be here period.

Now.. maybe investing in BTC and BTC companies.  Here's a Video for Banx Capital company.

 https://vimeo.com/125272899

wake up. people have been making a sick amount of money shorting bitcoin for the past year. and its not going to 0 but its going to 130-150.

This is the most accurate thing I've ever read on this forum

Reply to OP, for me its a good time to buy and I have been doing so making a few purchases over last few weeks. Ready to purchase some more if price drops further. However I think good chance bottom is already in which we saw recently at about $180 but even if it continues lower todays prices will look cheap in time and with a little patience

It takes vision and a strong stomach to be an early adopter of something. I'd hope that along with purchasing bitcoins that people actually have an understanding of what the benefits of it are and why it was created in the first place. In lieu of that, just go ahead and buy and wait for the price to rise.

Most or all forms of investment involve some form of risk. Why would companies waste money in bitcoin if there is no money to be made?

Just so ya know, you're quoting and engaging a known miscreant, aiding and abetting a troll, and involving yourself in the commission of a felony around here known as conspiracy to commit FUD. Please, be careful the next time you see a stupid post by a fart or the other dirty socks writ large.

Anytime is good for investing in Bitcoin, because more investment will mean more security for the bitcoin community. There will be more adoption and new users will be attracted to the market. So keep on investing... :D :D

Still a lot of people don' tknow what a bitcoin is and how to use it. When bitcoin will be mass adopted and price will be 10k$/1 BTC there will be no good time to invest :) so now it's the best time for investment.

I can answer in my personal opinion that now is still a good time to buy at 225, we are pretty much at the lowest it has been for a few months where we touched $166 for roughly just a few minutes.

Then we climbed back to 300 within the month, there are a lot of manipulators in the market who are not ready to leave so you can bet it will rise again for sure as you touched upon only invest what you can afford to lose then you will never worry will you?.

That being said was my opinion others will have different so the question is probably best suited for a crystal ball.

Ummmmm, I gotta ask... How is investing in Bitcoin supporting the community or making it more secure or safe or whatever? I do get that mining or investing into companies (or core developers) building the backbone is good for Bitcoin, but simply buying BTC!?

It's a really good time to invest in Bitcoin.  I say...  Take the plunge.

By buying BTC you drive the price up, which can never be bad within itself. That is if there is demand for it tho. Right now its a great time to buy, if you want to call yourself a pioneer in a couple of years.

Well, but it isn't doing anything to the security or 'quality' of Bitcoin. It's purely affecting the market value of it as an asset. I know this is what most people want, anyways, but is really isn't doing anything else, actually...

you makes it more strong, and actually a better price is helping the network security, because more farms can join, and the hash will be greater, thus much difficult to do a 51% attack, not to mention that it will restore the faith in the world population at least in part, and they will begin to invest again

so no, the price does matter

If you just buy 1-5 bitcoins and you can afford the loss the all the fiat, then it is a good idea to buy.

loss in fiat is just temporary if you hold your coins for the long run. the key is, how long can people hold their coins without panic selling. buying $1000 worth of bitcoin and holding it will give the best return.

Well this is true to a certain degree, but many people will disagree with you there by saying: It is key not to hold on to a losing asset. It is key for many professional traders not to act on their emotions, but respect their stops and sell in order not to lose even more! This seems to be a mistake many rookie traders make!

The best time to invest in BTC would be before next halving (next halving will happen in approximately 60 weeks). There are speculations that when BTC will be harder to get price immediately will go up.
So if you buy BTC before 2016 and hold until that time you are on a good way to earn some money.

Yeah but everyone expects the price to go up by then (or after the halving occurred) and it's pretty difficult to tell whether this will lead to a self-fulfilling prophecy or a "buy the rumours, sell the news" situation. I think the halving will be priced in gradually over time!

In my personal opionen yes. Because it's spring :D

Spring for the Bitcoin = prosperity :)

usually the big pump come in autumn, summer and spring are for vacations, many invest in cruises and women  :D,  and not bitcoin or stocks

around september should be a good bet

Yup, "Sell in May and go away" comes to mind.... But we've seen quite an impressive pump last year at the end of May, as well. So why not try to break out of the long term bear market first and observe a slow but steady rise over the warm summer? :)

Really? but maybe it's time to invest bitcoin from now
and hold before halving. because many traders wait for that. wait and see.

What about short and mid term? What do you think, is BTC rebounding and will stabilize at ~250$ for a longer time, or is it a temporary relief before THE BIG drop like we had earlier this year to 160$? I'm beginning to think we will have a few more dives to ~200-210$ but no lower and after that BTC will stabilize at 250$ and be there until halving approaches or some very disruptive events occur. So I will buy at just above 200$, don't believe I get something better again...

As someone else has stated already, the price of most alt coins didn't change during their halvings.

I know Bitcoin is the daddy but why (apart from maybe a small pump near to that date) does everyone think the price will soar?

Not trolling here just interested in opinions.

They think that the drop in daily supply will increase the price based on the same demand as the previous supply. Basic economics says price will rise. The other side of the coin is since we know this, the halving is already built into the price already and not much will happen.

I think of it like altcoins are just speculation within speculation, because their price is tied not to fiat, but to bitcoin itself, so their shitty events don't have any global influence - you can still speculate them in their price connection to bitcoin and altcoin price is never objectively accurate anyway so no big incentive to overreact to halving. Kindof :D

Alt coins are tiny in comparison and barely anybody uses them so there's not much demand for them hence why the price is unnafected. However there is a lot of demand for bitcoin and hopefully will be more in the future.

The average person who is not interested in any of this needs a reason to use Bitcoin. This will massively increase the price.

The obvious other one is a "wallet for idiots" so to speak.

The one question is what will make this happen? What will be thing that opens everyone's eyes to Bitcoin?

I wish I knew.

http://cointelegraph.com/news/113923/foldapp-lets-you-pay-with-bitcoin-at-starbucks-and-get-20-off

this is a very cool concept if they could expand to have a few more stores that would be really cool

also would be cool to see this site allow poeple to get BTC quick for their unwanted gift cards while other poeple get like 20% off.

theres a lot of reasons to use bitcoin, its just that these services are all so new most poeple don't know you can get these kinds of deals,  or think its really really complicated to get BTC or are to obsessed with banking 5% on a leveraged short rather than look around at what you can actually do with a BTC these days....

I think the next 5 years could be very interesting. I am glad I own Bitcoin.

But the real question without answers is - how do you know that the price just fell down. Maybe it's just starting to fall.
When BTC was 220$ recently, I didn't buy, because I thought it was in the middle of the dive to 150$-160$ again. And a lot on analysts told price will fall further, but it didn't. I guess we'll have to ''get discount if we use bitcoin in specific place'' ;)

usually if the price remain at the same range for a long time, it is very hard that it will fall under that value, and the more it stay there the more consolidation there is, especially when there are many pump and dump around that value, because it means that many people bought at that price and they aren't too stupid to sell low buy high

No one has a crystal ball but in my personal opinion, yes.

That being said, asking for investment advice here is a good way to lose a lot of money. People will tell you to buy if they want the price to go up even if they think it will fall, and so called "experts" who don't know what they are talking about will make complex forecasts that prove to be wrong.

The loudmouths in this forum are split into two camps: The people who said in December 2013 that Bitcoin would be worth $10,000+ by the end of last year, and the people who are saying right now that Bitcoin is headed to $0. Stay frosty.  ;)

Well at least the price can't fall infinitely far, we are now down to about 80% of the previous all time high and and so far it's much safer to invest now then a year ago. Please keep in mind that it is still quite possible that we will go down to $150 or so. If you are really afraid of a crash, I guess it will be safest to wait for a definite confirmation of the trend reversal.

Well you could always apply the logic of "buy the dip" and as soon as a dip occurs, you immediately go and buy some more coins. In any case, you have to decide whether to sell your coins in case the price goes down a lot, be careful not to panic-sell your whole stash!

I wouldn't hesitate to get in as soon as possible. If you are here in the long term, it's not going to matter much if you got in at 150 or at 250. What would be terrible is missing the boat while trying to get in right at the perfect price entrance.

Agreed, my advice would be to buy little by little with the current prices. Just to slowly grow your hoard. In long run price wouldn't matter.

Actually it does matter: you'd be saving about 40% in that case - that isn't exactly pocket money if you ask me - well, it still comes down to how much you're investing, but this could mean a difference of tens of thousands USD in a year or two!

Absolutely.
It's nigh on impossible to not make a profit at some point in the future if you buy in now.
The price is pretty low, a great opportunity to really make some easy money.

Buy what you can afford to now, HODL for a few years & see where you're at.
Think if it as a fixed rate bond only with the chance to make a lot more money.

I don't understand how anybody aware of bitcoin isn't buying in now.

better to buy in big bulks if it fall or keeps falling(not the case now) and slow your buy rate if it rise, ratio 1:1(on the price) would be good enough

example it raise +50 usd, buy 50 usd of btc

It's a very good time to buy BTC.  Remember it can go to +1000 really fast.

If you can't afford to loose you need to supervise it 24/7 and sell when it goes down. You only loose when you don't sell in a decline. But be careful with the beartraps.  ;)

Also good management is important. Never all on one card. Always keep some powder on the sideline for special opportunities.

Some exchanges offer stop loss features and buy/sell trigger at certain prices. Get familiar with those features to be able to avoid large losses during sleeping time.

But all in all market looks like bottoming out right now. So maybe you're lucky to come in at the right time, maybe...

Good luck ;)

edit: and btw, don't listen to any of these fanatics on this board (the vast majority). They'll always tell you to buy - always. They'll deny any problems and risks in any case. So these permabulls are pretty useless for any advice actually. Best to trade according to your own judgement only. Some of these guys took 70%+ losses last year and are still buying and telling everyone else to do the same  ::)

In current marketconditions it can make sense to buy gradually - bit by bit. Not all in a day or one trade. You could for example buy every day or every two days 5% or 10% of what you want to actually take as position. This way you are also better protected from daily volatility and less likely to get a bad price because you'd get some weeks average price or something ;)

Always use dat brain ;)

^ Don't listen to him.  He wants BTC to go down because he is shorting it.

In a word? No.

The trend is still down. Maybe buy a little bit to get your feet wet and to play around with different wallets or whatever. But you shouldn't go in heavy until the trend is in your favor. The only ones who have to buy during a bear market are mega whales who wouldn't be able to fill their bags from buying into a bull market.

And don't listen to the idiot bulltards on here. I'm bullish on btc long term but there's no reason to expose yourself to the risk that buying into this bear market entails. They'll say, "it won't matter what price you buy in at because it's going to the moon", but the same exact thing is true in bull market. It doesn't matter if the price is double what it is right now when you buy if it goes up 10x right afterward. It's not like the price is gonna jump to $1000 in a day and keep going. 99.9% chance there isn't anywhere near enough money on the exchanges for that to happen. The chance of it crashing to $100 in a day is much more likely, as much as it pains me to say.

The only reason to buy right now is if you just want to treat it like a retirement account. If you don't want to watch the market and your horizon is long enough it won't matter if the price halves in value again before going back up. Besides, in that case you're probably dollar cost averaging so you'll get some of those cheap coins too. But in any case you really only want to invest 1-5% of your net worth. Don't put in any more than that unless you know wtf you're doing (as in, you know what a fucking stop loss is, unlike many bitcoin margin traders).

^ Don't listen to the naysayers!  They don't want BTC to go up because they are shorting it.

^^
Dude is too emotionally attached to his coins to sell them.  :P

We are Bitcoiners!

https://media.giphy.com/media/GNQSWovPVcx7W/giphy.gif

i always agree to buy and invest when bitcoin down to 200 USD , and now i think the right time too for buy bitcoin as much as you can

Short from $236, but that had nothing to do with my post. Whether a few little fishies decide to buy in or not isn't gonna effect my trading. I would've given the exact same advice last week when I was long and waiting for a bounce.

And the people who actually need advice like this aren't gonna be moving in and out of the market like me, at least, I hope not. They're just looking to buy some coin to sit on for while. If they were a trader I'd tell them to wait for the giant red dildo and go all in but it'd be irresponsible to give advice like that to someone who doesn't know what they're doing. They might foolishly decide to go 20x long and get rekt where they would've been fine in a non-leveraged trade.

We are Bitcoiners!

https://media.giphy.com/media/GNQSWovPVcx7W/giphy.gif

Buy on bad news
Sell on good news

That's the only advice anybody ever needs to have when trading in anything really.

Buy when there is blood on the streets.

Now is the perfect time to buy, people are panicing, selling.
The price is going down.
Now is absolutely the perfect time to buy.

Thing is... the movements caused by news seem to die down more and more. News just don't do the trick anymore - which is good. Speculation is already the major force behind Bitcoin's price, we don't need it being influenced by arbitrary news, as well! "Buy the rumor, sell the news" still seems to work, though!

Wait for the price to go either below $180 or above $320 now. Either way those limits should be relatively safe indicators of the way the price is continuing to go, respectively. Buy now if you want to hold a moderate position or just continue holding if you're in it for the long run, which I guess most people claim to be.

If price goes to 180 or below.  Buy more.

im agree when price under $200 thats time to buy

this^^ anyway, for long-term actually doesn't matter if you buy at 200$ or 250$:)

Yeah.  But you could have bought more if you waited for it to go lower.  And it would compound your profit when it starts going up.  Imagine it for the people who bought at +500.  lol

It's possible that it's a good time to buy now. This level has been the bottom some times.

But if price goes below $200 I would be more bearish, as this would hurt confidence in the actual sideways movement.

well, for me personally doesn't matter so much, if I had 12.3BTC or 13.8BTC....And no, I will not sent you 1.5BTC

It has been stable on 200$ for a long time as a minimum, im pretty sure its a good moment to buy since any good news of any kind of adoption of bitcoin could pump the price  up real fast

Just bought a good sum. Prices are good, hoping for even lower prices so I can go all in for the long run.

I bought myself some coins today. It will be interesting to see if $200 level will hold. If not, I'll buy even more.

I have the same thoughts.

I mean 200$ has been holding for some months now even tho recently it went up and now went down again but still +200$ so im confident that it will stay like this for a long time or go up slightly

Sounds like a good time for some altcoin speculations while we wait for any breakthroughs in bitcoin :)

I'm really excited to see how the halving will affect the price in 2016. But for now I'm going to keep adding to my hoard.

Doing the same - haven't been checking as regularly but the halving should be fun!

Nah, not buying until it's nearly 200$. I still feel selling pressure is too high for bitcoiners to handle, so there should be another drop, it's just not sure when, but it's gonna happen this year... And I mean like 150$ drop... For now won't go lower than ~210 :P

Yeah, but what if it gets to $100 lol. You`d say anything under $100 is time to buy right?

I buy small increments at a time when theres price flash on sale, doing it in .1 btc amounts. So overall sum isnt too much of a overpay btc price thing for me. I dont know how most do it, but its been working for me.

Basically I am an idiot and buy 1-5 as and when I feel it's a good time.

......then the price usually drops.

Apologies for that.

Yeah, but if the price indeed goes below $100, you could buy more than 2x the coins you could buy today with a given amount of FIAT! That difference isn't exactly negligible in my opinion. Buying at higher prices sometimes also makes sense, for example when you're waiting for a breakout to be confirmed, that way you can make sure not to spend money on an impending downtrend!