Bitcoin Forum

well tell me guys have i made a major mistake here or what price seems to be plumitting

good thing you invested in btc, major bad thing you didn't bother to read up on some simple stock stuff.

agreed help a brother out, is the price going to bottom out before it gets better = major loss for me

No one really knows how the price will behave. Hopefully in long term it will go really high, so if you are planning to hold your coins, you shouldn't really worry what happens on short term (less than 5 years).

Oh and btw even if price plummits, you won't make loss before you sell your coins. So it doesn't really matter if price goes down before it starts going up again... :)

thanks hopefully it bounces back soon

It's painful to read questions like this. Let us assume that we knew the answer to your question: this would freeze all of the BTC sales. Why? Because nobody is going to go out of their way to lose money on purpose, knowing that the prices are dropping. Therefore nobody would buy and the prices would remain stationary.

For future reference, before you spend a cent on something you should learn what it is you are dealing with; if you don't, your possible BTC loss is going to be the least of your worries.

Wait a few years and sell = profit

People are eager to buy things. I always ask myself why we are so afraid of spending time with search and learn before doing something.

When bitcoin takes over the world, there'll be far less or no need/desire to buy fiat with it anyway. :)

Maybe. Eventually.
But then, I will be dead for ages, so why should I care?

it will get better for sure. just hold on!

Howdy (first post),
It would seem purchasing BTC is better than mining it at this point, but it's going to be for the long haul, you would probably do well to set a reasonable rate of return and once you hit that, sell just so you get an idea of fees, transaction time, (if it actually goes through, etc...).

I'm as new as new can be, so I've been mining a bit, then moving my meager Bitcoins around to see how long things take, which sites seem decent and which ones seem fee heavy (might be useful once you decide to cast out all your millions of BTC) :D.

Good luck, I hope those of us that are very late to the game can at least have a bit of fun and learn more about what is arguably one of the most interesting things to come down the pipe in quite awhile.

It will be mid-July before BTC's pick up value, and plateau to the better realm again. I'd say there's maybe a week.. 2 weeks tops before bitcoin value doubles and steadies up there (I'm guessing around $140AU/BTC for a steady average). Only saying this because here in Australia we've just had our end/start of financial year and most stocks, shares, and world currencies tend to get shaky and plummet. 

Generally between midnight and 9:30am Aust. EST on July 1st, 2nd, 3rd and 4th will be the best time to buy shares and stocks as this is when it will be guaranteed the cheapest time period. After this tradable currencies and stock markets slowy begin to steady themselves and become slightly more predictable and reliable, and gradually climb - peaking a little above the value prior to price plummet, and settling into a steady plateau until maybe mid-September at most.

Eventually arrogance, ignorance and greed will catch up, and then all government controlled currencies will notably recognized as useless and worthless as the governments who control them, BTC will spike majorly to what most will consider unspeakable major high and then finally we, the people, will control the man who controls us now  ;D and maybe it might even be the first step to world unity and peace  ;D  BTC  ;D

If you think the market is going to go down you best sell now and take the small profit

I bought some at $102 and then some more at $83.  Almost bought more at $70 but missed out.

if you are interested in what may happen i would check out the speculation thread

grrrrrrrrrrrrrr i sold the ones i got at 77 before the rise to 100 then bought more at 91 and its dropping again LOL i'm a novice and just cant win here

I would say that was a good buying price considering that the price fluctuates so much. I think bitcoins value will rise dramatically in the near future. My advice would be to buy when low whenever you can.

It's either a mistake or a good move.

I think bitcoin is a good long term investment

It's hard to know where the bottom is, I'm buying small amounts here and there after bigger crashes. If you have more to invest, buy more if the price is again below 77$.

yeh good idea bud unfortunately life also kicking my butt LOL car just crapped out, speeding fine and the normal bills and price of living can a bloke ever get in front in this shitty world???

It's never easy, just one big rat race.

Nobody knows what the price will do in the short to medium term...The market of Bitcoin is small and thus highly manipulative by a few large holders. My suggestion is not to try to trade with more than you can afford to lose. This takes the emotion out of trading which will help increase your chances of success in the market.

How much did you invest? Only invest what you can afford to loose :)

invested enough for a bloke with not a cent to his name right now lol, hoping for a steep rise to improve my situation

yeah I remember when I very first heard about bitcoin and Mt.Gox  they were about  $9.00 dollars each  man o' man  I do not think we will ever see that price again, but one thing for sure...they  might take a bit of a dip now and then.....but they always bounce back, and I predict it won't be that much longer before we hit  $1000.00 per btc....so,,,   moral of story,, do not be angry when they dip ......buy as big as you can,, you will not be sorry
Regards s

i think it was a good invest because bitcoin may reach 200 usd or even more in soon future so dont worrie it was a good invest  ;)

I'd say it was a good investment too :)

For me it's a long term investment. Check back in a year's time on BTC. In the mean time you can trade with the alt-coins for short term profit.

Happy spending or investing!

My advice? The price is cheap! Buy as much as you can!

I guess we all have to hope that the price does not go steadily down for some reason or another or that the government does not place a ban on them

I concur.
I think the market is a bit soft right now. We may dip even further to the ~$50 range but if your buying for long term, you should be fine. I expect to be closer to $100 before years end.  another boom by next spring! ;)

It's good on the long term, as others posted.

"invested enough for a bloke with not a cent to his name right now lol, hoping for a steep rise to improve my situation"

A distinctively Anglo-American sentence there. Just buy and hold if you can't day trade effectively. Also, be happy. Although you've had a rough time with it so far you're still way ahead of the curve with bitcoin. If you buy and hold you are liklely to do well in the long term. Though this is a good strategy, also consider spending very small amounts of coin when you can just to keep the bitcoin economy going.

If you don't have a cent to your name you should do something else with the money you don't have.

this is very true, silly me and my get rich quick schemes :)