Bitcoin Forum

If you had 50 bitcoins and 10,000 USD, what would you do? Sell and wait for correction? Buy and wait for price increase?

I'd buy in when it's high, I'd buy in when it's low.

At this point, you just don't know what the high is and what the low is.  All I know is the price per Bitcoin will probably be higher than it currently is in the long run.

Buy and wait for price increase.

I dont think so, your $$$ will loose value for sure. Bitcoin my gain value or not. But if you wont buy bitcoins and they will increase in value then you just lost your potential income. My advice would be if you can afford to loose $$$ then simply buy bitcoins. Its more to gain than to loose.

Assuming you believe in some sort of fundamental value of bitcoin that's higher than it is now and aren't just trying to get rich quick...

Dollar Cost Averaging.

If you're interested in Bitcoin start putting in (say) 500 dollars a week.  If the price goes up you'll have some old coins that were cheap.  If it goes down, you can buy new coins cheap.

If the bubble pops in a month you'll still have $8,000.  If the price keeps doubling every week, you'll have $7500 worth of bitcoins bought for a total of $2,000.

Or if you like bitcoin but think we're in bubble territory, sell BTC on the way up the same way and hopefully rebuy for cheap later.

Sell high, buy low. We just dont know what the damn high is yet ::)

BUY BUY BUY!   8)  Seriously...$200 by the 12th. Tommorrow should be epic. Long term is looking better and better.

You will loose on bitcoin only if you sell cheaper than you bought. If price will be even $1 for a while you lost nothing if you didnt sell.

It is still loosing money if bitcoin would gain value meantime higher than you expect. Since no one can know for sure what will happend, only thing we can do is to measure how much we can potentially gain or loose.

10000 USD is alot of money but BTC price will probably rise dramatically the following days. The way i see it, 1 BTC in a couple of years will either be worth thousands of USD or close to zero. Risk some of that money and buy BTC today because i don't think the price will go down. But at the same time don't invest any money you can't afford to lose.

No it is not losing money if you don't buy before the price goes up.  It simply isn't gaining as much.  On the flip side the potential loss is also lower if the so-called bubble pops.  It's a risk mitigation strategy that allows you to follow the general trend of the market instead of trying to profit as a day trader.

Alternately you can do hours of weeks of research and technical analysis, listen to a bunch of people who think bitcoin is going to correct to 50 or shoot up to 1000, pick the exact perfect time you want to buy or sell, execute the trade, and still get it totally wrong and lose a bunch of money.

The dollar is reaching the tipping point of its bubble.

Best to get rid of them while you still can.

If you have to ask, you can't afford it.

Maybe you can't afford the stress.  Maybe those dollars are rationally (to you in your own situation) better spent or kept elsewhere.

Ask a bear and they'll tell you to sell your bitcoin before its value evaporates.  Ask a bull and they'll tell you to buy in with those dollars now!

Maybe you should just sit tight, until regret overpowers caution - or greed withers before the onslaught of disappointment.

By contemplating you've already missed out on $10 dollars.  ;)

Buy $1,000 worth per week for next 10 weeks.  Maybe you leave some profit on the table if the exchange rate only goes up but on any dip you will freak out less knowning you can deploy more capital.  To get the most of dollar cost averaging the dollar amount should be the same on each purchase, not the amount of BTC purchased.  This means you buy more at a lower price and less at a higher price automatically and your basis (entry point) is lower.

Bitcoin is presently trading like a stock that is on the verge of a major breakout (again). I'd buy.

I will exchange all my Second Life income to BC so that it wont hurt if I lose it because I don´t see my small amount there as my real life money but rather as a virtual world currency. But I believe in BC a little bit and do want to support it.

nice thought !

sounds nicer than "your gain is worth nothing before you haven´t cashed out"

"i buy btc in morning, i buy btc at night
i buy btc in the afternoon, it makes me feel alright
i buy btc in times of peace, i buy in times of war
i buy btc before i buy btc and then i buy some more"

smaller steps, good advice

The price increase is a correction :)

If you have faith in it's worth, you should buy at any time, high or low.

http://bitcoinmagazine.com/trace-mayer-on-fox-business-why-bitcoin-is-just-getting-started/


fasten your seatbelts.

Don't buy now, wait until the price hits $500.

people that buy at 500 will party soon after having made 5000...

You will still regard them early adopters?

that still would be considered inside trading. the outermost edge...  as long as my neighbour isn´t in or housewifes having conversations about it while waiting at the supermarket cashier que it is still early. when we start seeing ads in mainstream tv it is getting hot. for an average person it is still complicated to buy bitcoins and to use them.

if BTC rises to 1000, you'll only get less than 10 folds,

instead buy LTC/PPC, keep finger crossed, and come back 2 years later,

just buy you fool (for waiting)

I bought 20 coins at 172.

BUY, BUY, BUY!

BUH, BUH, BYE!

I think if bitcoin lasts long into the future, 50 BTC may be worth millions - if it doesn't then you not only lose 50 BTC but the extra you're considering investing.

I would just be content with the 50, don't obsess over what bitcoins are doing at the moment - invest your 10k elsewhere, bit of gold or silver, some canned food, maybe some guns and a bunker :)

those stupid guys that sold at 48$ really feel bad now

wouldn't want to be that guy right

It depends on how much money you are able to lose, don't gamble with all your savings (my advice).