Bitcoin Forum

I'm waiting until I have money to BUY...which will be soon.....

But the value keeps going way up making the coins more and more expensive.

With the trend going higher and higher, would you buy coins now with the way things are, or is the value going to go back down?

I'm watching the market for now. Seeing the BTC price explode, I decided to diversify into cheap stuff like gold and silver. ;D

My opinions/thoughts, however, count for nothing. This market is just as cut-throat as any other, maybe more so.

I already have bitcoin and i will buy more when my salary arrives because as i see it, BTC won't stop increasing in value. Just remember to only invest what you can afford to lose.

That is something you'll have to figure out for yourself kalinka.
I know it eases the nerves if someone else tells you what to do, but it is a false sense of comfort.
If you like the idea of bitcoin, and you think they will be worth more in the future, buy some.  If you think they are overpriced, don't.
If you are unsure, it might be a good idea to commit yourself to gradual buying of fixed amounts of fiat per month/week/whatever, to rule out short-term price swings.

I can tell you my personal experience: I usually by a certain dollar amount per week of bitcoin.  When it hit $10 I was nervous, but bought anyways because that was the plan.  When it his $15 I was nervous, but bought anyway because that was the plan.  Same at $20, $30, $40, ect.  So far, it's worked out for me!

I bought in at $19.70 and haven't regretted it since. I just bought in again this morning. I'm in the same boat as you! At least, when I get my coins from bitinstant!

Hmm, yeah. I might buy a decent amount of coins soon. What's your guys' opinion on these cassascius (sp?) coins? I might buy some just for collector's value. Are these hard to re-sell later?

Check eBay...

It's scary to buy at this level, but this has been so for the last 30 points or more. If this was a stock, I'd say we are long overdue for a major move down (not a crash necessarily, but a big correction at least). It's Bitcoin, though, not a stock, so I haven't a clue. But the classic emotional signs of a top are starting to surface - i.e. people who think that it will keep going up indefinitely, that it can't possibly crash, and that it's "a new paradigm" (seen the paradigm comment quite a few times today). The level of complacency is quite high. 

I would say that if you are looking for long term investment, you can buy now.

I am a bit afraid that the economical basis can't keep up completely with all the speculators that will storm into Bitcoin in the coming weeks, so there might be a crash of sorts, but if that happens, I'm quite sure it will recover in a more sustainable growth spurt afterwards.

If you are waiting for your salary to buy more coins, chances are you already invested more than you can afford to lose  ;)

The lowest possible floor is IMO over $55 now. So I wouldn't sweat too much -- most likely we'll be flirting with $100 soon.

That too much optimism.

How am I supposed to get 20$ coins with people like you around?

You won't get $20 coins.

You can either get on the train at $55 - $65, or choose a different destination.

:(

IMO, the current destination is still very much worth it  ;D

Check the last few pages of the Wall Observer thread... there are some big players coming in and dropping $1+ million to get into BTC, at $60+ a pop.

Markets do not cut throats, gov and mafia do.

First, buy no more than you can afford to lose completely. Even this seems not a likely scenario, since, barring seriously bad news, any drop will see people jumping on the opportunity to buy cheap coins.

If the upward trend continues, you will have doubled your investment in a few weeks. Then, if it makes you feel any better, recover your initial investment at least, and let the remaining BTC sit and grow to become your early retirement.

I could afford to lose what I have set in mtgox thing is I don't want too  ;D

I feel like buying in at all time highs just seems like a bad idea. Then again it just keeps going up everytime I tell myself that. FML.

Or you could invest in litecoin if your balls are hard enough.  A lot of people have high hopes for the coming months, with GPU miners all turning to LTC.  Look at the alternate cryptocurrency section of this forum.  :)

The market is plain silly currently. It either going to have a significant correction and consolidation at some level before the next rally, or just go into full throttle bubble mode. I'd prefer the former alternative but it's not up to me.

Quite unnerving, really. If there has to be a bubble, I'll use it to strengthen my position, but I'd rather have some sort of orderly growth than a bubble.

That remember me of Yahoo! in the early 2000...

More likely than not, things will slow down tomorrow through Sunday. Would be good to catch some breath. Then I imagine everyone will be piling in to beat $100 next week.

Actually, not really. Around Thanksgiving time, when it took 125 bitcoins to buy an ounce of gold, it was my opinion that fair value based on the underlying fundamentals and other metrics that it was undervalued and fair value was closer to 30 bitcoins per ounce of gold.

With Cyprus and the FinCEN news the Bitcoin price is just melting up to where it is more fairly valued; around 3-7 bitcoins per ounce of gold assuming there is not a material change in the rate of change of adoption but still discounting in the future growth from VCs that will be more comfortable and invest to build out infrastructure.

Remember, price is what you pay but value is what you get.

http://www.runtogold.com/images/potential-bitcoin-prices.jpg

I'm not wholly convinced panic over the banksters, Cyprus, etc. is the main driving force behind this BTC price rally, however. After all, gold is still static (it crept up ever so slightly when Monday morning trading opened) - though perhaps for not much longer. :)

+1 nice image!