Bitcoin Forum

I want in but the price sort of seems high.  What do you Knowledgeable experienced people think would be the best time to buy 1 btc and see where it goes?  If you don't have a good grasp on graphs and the Bitcoin markets then pls don't post, this is to help me and others get a grasp of what we should do next without reading posts with people bickering.  

I've been ready to buy since $13 and waited and now obviously I'm paying for that mistake.  I don't have a good grasp on graphs and a strong idea what could happen next.  I understand it's not all about graphs and I don't plan to make my decision based on others comments in here but I'd like valuable posts to help me make a final decision, please stay on topic.  What should I do buy or coin or wait for a lower price, if u think wait please fully explain why if u feel the opposite please fully explain why, if you are unsure what could happen next please fully explain why.  Please be respectful of others and there opinions, thanks!  :)

Buy.

I literally just bought 1 bitcoin about an hour ago :D

Definitely buy.

Just don't buy to panic sell when it drops back to $40 or something like that, bitcoin is very volatile, and its entirely possible that we have a decent sized correction soon after the big run-up (or maybe we won't).  If it were up to me though, I ld rather have 1 bitcoin than no bitcoin.

Worst case: you sell in 12 hours for a profit.

I actually recently recommended this to all my friends and family. Just buy 1, and then sit on it for several years. If Bitcoin goes bust you are only out $60 (at the time). If Bitcoin works out the way some people suggest (and I agree), it could be worth 6 figures. A worthy investment. :)

So far as I know no one took my advice. :(

So I bought some Casascius coins, which I will probably distribute as gifts to the people I really like.

buy $13 worth then. it's irrelevant how many BTCs you get, it's the value that counts.

... still waiting  ??? ???

Just answer this: How's that strategy working out for you so far?

Yea good to know I'm not alone lol, may the price be with u :)
 

thanks but u didn't explain why lol JK  ;)


I understand why buy but would hate to buy when the market is expecting a major correction soon u know?  

If it is literally 1 bitcoin you are going to buy, I would just buy the dang thing and stop worrying about it. Price could dip significantly below 80 soon or sometime later, but if you just hold your coin for a few years, chances are that it will be worth considerably more than 80. But if you are really scared of the idea that the value of your investment might drop $30 below your buy price at some point, then maybe investing isn't for you. It sounds to me like your fear of losing has you frozen, which so far has resulted in missing $63 in profit. I'm holding my bitcoins long term for much higher prices, but I'm also willing to tough out the downtrends, big dips, etc. First rule of investing is, don't invest what you aren't prepared to lose.

yeah that is what I've been told and have to keep reminding myself but now I focused to buy and hold no matter what.  After weighing my options I'd rather have a coin then not have at all thanks for the great advice.


Interesting point, thanks for posting that another option to consider but I'll just stick it out.


Cool of you to offer that advice to your friends it's good to see people are on the same page that it's good to have a coin then not have right now.  I hope they take ur advice, I'm new to Casascius coins is that similar to litecoin why do u see value in that particular coin?

What's the difference what the price is?

No guts, no glory.

Well said, I'm just on the fence If I should buy silver with the funds or Bitcions.  It's killing me to watch the price go up but I'm leaning to getting a coin or two and holding for the long haul wether up of down but would be nice if the price stopped goin up lol sorry to say it. :)


U r right but you could also be wrong tomorrow lol but I hear what ur saying and ur post is appreciated and kinda of annoying, JK :)


Hmm I like that point even though I'm unsure I agree with it fully it's still an option well worth considering.
This isn't war it's my money where talking bout, lol!  I'm thinkin with my brain not my brawn but I hear where ur coming from it's time to get off the fence and make moves is the feeling I'm getting from u this thread so far.

Woops, price is now over $81. Hesitation isn't helping you. Silver might be a good investment, but personally I think the upside potential for BTC is much much better, even at current price.

Yup.

Silver is a dead technology.

This is like asking a bunch of crack addicts if it's a good day to buy some crack.  

Yes, of course it is.  Everyday is a good day to buy bitcoin!

You will get the most bang for your buck by buying one BTC and sending it to the Bitcoin address in my signature.

I will tell you how this helps afterwards. You may be pleased by the result.

lol, since when is silver a technology  :)

It's just fun to say.

Don't know what to say I want to boo u but it comes boohoo lol


I don't think I'd go that far, to me it's better to have and hold like btc there is only so much that can be mined.


Man ur so right I was just having a similar thought.  I'm like damn where's a bear when u need em but the bulls have good points and that makes big difference imo.
Would be nice to get a bull with a good track record of what to expect, willing to drop some knowledge in this thread.

I always buy some bitcoins when I get paid.

in before smoothie flames proudhon

Could u be more vague please, haha!  C'mon , like I don't have enough on my mind right now...  Here's a thought,  why don't u just tell me how I'd be pleased by the result NOW?   ;D

I said you may be pleased.

Might not too...I know I would be pleased.

Lol, he is obviously joking about ripping you off.

Would you pay $81 for something that will be worth $100 in a few weeks and $1000 in a year?

I know :-)

The first problem is, you're asking for opinions, and you will get them all over the spectrum.

The real problem is, there are two axes of data you need to plot (risk vs. reward), not just one (up or down).

The thing with risk is: It is relatively constant over time. The chance of there being a news event that breaks Bitcoin is similar tomorrow as it is today. You're not decreasing that risk by delaying.

I don't know your current financial situation but $80 is a negligible amount in the whole life for most people in developed countries. If this is true for you, buying 1 BTC right now is a good idea.

buy now and have more fiat dollars to buy more if we ever see a correction, this whole Cyprus deal is causing bitcoins to only go up from here...

I could be wrong, but I suspect you are in the following psychological trap. When price is rising, you think, "price is so high, better wait for a dip." But then when the dip comes, you think, "whoa, price is going down, maybe it will crash more, better wait." So no matter what happens you wait. Instead of waiting for the perfect buy-in, I would just buy and hold long term. Short term prices are hard to predict, but long term current price is a good buy. Yeah, it could very well drop to 70 right after you buy it, but if you hold, I think you will ultimately do well. Have you thought about the fundamentals? If not, check out the article below. I'll grant that this guy's projections are a bit over the top, but consider that even if he is off by a factor of 100, the low end target for Bitcoin is $1K. I'm not going to tell you that right now is the perfect time to buy, but since your problem seems to be hesitation, what better time than now to overcome that and go for it?

http://falkvinge.net/2013/03/06/the-target-value-for-bitcoin-is-not-some-50-or-100-it-is-100000-to-1000000/

Are you ok with losing this money if it does not work out?

Very true I was intrigued and got ahead of myself.
After listening to the voice of reason I think I'll just keep my coin.



Hello voice of reason, heh!  I was blinded by the chance to invest on a sure thing lol.
Still working on not letting emotions effect my judgments.  ::)


Well put, I'm done regretting and will make a decision and live with it as u said there is always risk.

OFCOURSE!!   ;D


I get what ur saying and after giving it thought,yes I am ok with it.


hate to admit it but u got me, that is my problem and why I posted the thread I'll def check out the article thanks!



Duly noted friends ,  If Cyprus can have a strong impact I'd be a fool not buy in and hold.

This is true, don't buy either unless you are prepared to buy more.

When 1 BTC worth 100 000$ does it really matter whether you have bought it at 70$ or 80$ or 100$?

When 1 BTC worth 0$ does it really matter whether you have bought it at 70$ or 80$ or 100$?

Or earn more.

Buy and spend BTC on goods and services.

For sure, I haven't bought a coin in a long time.

I need to finish this pesky schooling and get back to programming for btc.

bitcoin is technology!  bitcoin is money!

yesterday is past,
tomorrow is unavoidable,
today is a gift! this is why we call it the present.

we should all be emptying our bank accounts and pouring it into bitcoin!
only use the fiat when we need to,be a smart consumer, so we can SAVE REAL MONEY

fact bitcoin is a better store of value then the dollar and is the most secure payment ever devised
fact paying anyone online is good, fast, and cheep!
fact you will want more money tomorrow.

Buy bitcoin today!



 :D

You may have had an account on bitcointalk since may 2011 and contemplated owning bitcoins since it was ~13$ but I can't advise you to own even a fraction of a BTC if you "don't have a good grasp on graphs". ... WTF did you say "graphs" ?
 
I hope you managed to go forth with other aspects of your life in the meanwhile.

If you haven't noticed almost everyone around here has sold everything but the bare minimum for staying alive to get more BTC.

Seriously, What kind of advices do you expect ?

I haven't  :), shoot me.

Or you can try to convince me that it's going to used wisely and I will give that one Bitcoin away.
https://bitcointalk.org/index.php?topic=158226.0

I'm sold, glad u posted here and linked to to ur thread Nagan.  I've got what I feel are great ideas and now I've got a push to think of more ideas, so thank u very much.  Want to start my own business maybe a couple and getting a coin would be helpful right now, so yea I'll joining in fun.  

Being that I'm still learning, I feel like a newbie and love thinking of ways to get more people in my position into bitcoin and would love a chance to give back.  It's great seeing people still having fun within the Bitcoin community, I commend u my friend.

 

Hey Transisto u seem agitated by my question and statements, hope I didn't offend you buy registering here years ago when I first heard of bitcion. Yup I said graphs, obviously that isn't okay with u, not that it matters.

Thanks for the consideration and yes I've been quite busy with life and enjoying hobbies.  I get the feeling u want me to sell almost everything and follow the herd but that isn't my style for better or for worse.  U make it sound like every member is currently a bull and I'm foolish for getting oppinons from the community, I assume u made good money yet u seem angry, why?  

Don't buy anything you haven't already accepted might crash in value. If you can accept that possibility then buy it, they could go quite a lot higher before they crash.

Thanks for answering me politely,

This forum has ~80 000 members so an even bitcoin distribution would mean ~130 BTC each.... It does not mean much but still I hope you get the idea.

The problem I had with your question is the number "1" BTC while this number should have been 80$ (at the time)

If you want to us to decide for you if you should be investing 80$ on bitcoins we would have to know how easy is it for you to acquire this many USD.

All my friends and family have one. I told them to not worry about what the heck that is, just stash it somewhere safe and forget about it for some years.

PS now when it's at $100, I stopped giving out free coins until Casascius prints satoshis :)

I did the same thing.. At least a dozen of my friends have taken the advice, and are trading in tenths of a coin, playing with the market. Its fun to watch :p but all in all, I'm holding on to my bitcoins for the forseeable future. I've been burned a few times on these violent dips, thinking it was at last a correction.. but nope.

I wish it would go back to $1/$10/$30 just so I could buy more

I now know what the are very cool of u to send them, respect to u my friend that I really like.   ;D


Many thanks for the head up I'll be sure to take that into serious condieration.


Not a problem, all I wanted was opinionson were people expected Bitcoins to go from here in the somewhat short term so I can decide for myself when to buy.

Not sure what u mean with the even distribution comment I never asked for that and don't follow ur comment.



Tell me about it!

Watch this, and see why we need Bitcoin: http://www.youtube.com/watch?feature=player_embedded&v=OMAI-OIxLPo

Go ahead and buy the bitcoin. It will focus you on studying more about what it's all about. If you decide you don't think there's a future, you can sell (likely for more than what you paid I expect).

I have thought about this....but they will forget and and not know how to access their BTC and it will be lost, accidentally sent anyway....you have to have an interest in it and really look into it to understand it....at this time....

Snap!

I've been telling them to buy since $30. Just one sodding Bitcoin.

No interest.

I like your kind approach to people Counter :)

Is there any doubt? Do it now! :)

If you do buy, you'll know in your guts if you feel OK about it or not. Until you buy, you won't be sure. So my suggestion is just buy a tiny part of a coin (say 0.1BTC) and see how you feel. You'll then know if you want to buy more or want to sell what you bought.

If we told you to Buy because in less than a year Bitcoin will get up by 1000% or would you have believed us? Well it did.

We are saying it again.

And in june 2011, when the price was 27$, people believed it would go up to 100$ by the end of the month...
And they were wrong.
I don't know where its going, but I'm cautious.

Please read through my fundamental analysis of BTCs' worth here:
https://bitcointalk.org/index.php?topic=160227.0 (https://bitcointalk.org/index.php?topic=160227.0)

Definitely a buy.

personally i would have had to contact him and let him know that.    oh hey btw, you turned your back on about 37mil.. and counting

Tried convincing my mother today, to buy in to bitcoin, at least a little. 1 or 2.
She didn't go for it. Not that I really blame her, the price seems so high right now.

I've been talking about Bitcoin for a year++.

The only person who "took my advice" was someone I convinced to download the app on their phone, and I sent 'em $5 in BTC.  Which is, of course, closer to $7 now.

It was rather recently. :P

Thanks for the kind words, I try my best and right back at u. 


thanks for the advice and link I'll be sure to check it out.

I appreciate all opinions so thanks to everyone giving there thoughts, I've been thinking about the responses I've gotten and really like what people have had to say so far.