Bitcoin Forum

Hi guys,

After the recent crash, now we're at around 700. Should I buy some right now? Or should I wait ?

Do you think it will drop to a lower stable price? If so, what are your reasons?

Thanks

the one million question you are asking here, If I Knew I would make allot of money :)

Hmm, I know its a tough question. Let's hear from the folks  ;D

Buying bitcoin is always good. If it goes down when you buy who cares.
If you believe the thousands of percents gain in oncomming years then just buy and don't look back for a month or 3.

Comes down to belief, doesn't it? If you believe the bull market continues you buy now at a better price. Or you could always just wait until a new high confirms bull market is intact.

I'd buy some now while they're still cheap but keep some fiat in bids in case it does happen to fall a bit more.

That way if it takes off northward again you won't totally miss the train, but if it slips you get a few more coins and the ones you buy now will still be worth a lot more in the long gun.

If it starts moving up, move your bids up. Hopefully you'll be able to have your bids filled on the bottom wick of the candle, rather than paying market price.

No one knows, and if they do they wouldn't tell you. Everyone has their own personal agenda.

Having said that I sold at about 950, and I'm still waiting to buy back in. We've probably stabilized but the risk of buying now isn't worth the reward for me. I will wait until it becomes clearer which direction we're going in. If I miss a bit of potential upside, then so be it. I would rather miss out on the run-up to 800, then buy now and see it drop to the low 600s, which I think is still a possibility.

I would wait until we know how the current rather bearish pennant evolves. If it is broken to the upside, you can still get in at a slightly higher price. If it is broken down, it gets ugly.

Not sure if you want to listen to me, as I am rather on the bearish side...

You couldn't have picked a worse time to ask. Its right in the balance now - next week will show if we are still bullish or have entered a bear market.

Personally I think we are on a long term downtrend. But even then I bought back the BTCs I sold before the crash with the extra fiat earned left for lower buys.

Don't wait to buy - Buy and wait  :D

When it comes to this stage maybe try asking yourself how much you genuinely believe a bitcoin is worth as a technology, payments system, whatever.

This may be easier than trying simply to guess whether or not the price is going to go up or down.

If - all difficulties assessing something that many think cannot squarely be categorized as a currency, stock, asset, payments system, etc. granted - your gut feeling tells you that its not worth 700, then in my opinion there are likely others thinking the same. If on the other hand you believe that bitcoin the asset, technology or whatever definately is worth 700, then there are likely many others feeling the same way.

I am proposing valuing the thing itself: not speculating purely for the sake of making money, but speculating on the essential value of a bitcoin.  ???  ;)

Buy some now! Next week cant be worst that this weekend.
Probably its gonna go up starting tomorrow.
Anyway you might want to have some coins on your exchange to trade.

If you are convinced about bitcoin then go ahead and buy some. Just don't put in any money that you absolutely can't afford to lose. For all i know bitcoin might be 1200 or 200$ tomorrow  :-\

That's the best time to ask!

I did think that we were going to go up but now I'm not so sure. Next week certainly could be worse. I don't want to remind everyone about the media but it does seem to have an effect on things and unless anyone can correct me it's probably going to be at least mildly bleak for bitcoin in the papers for the next few days.

+1. And I thought you are a Permabull. In Bitcoin everything is possible, from single digits to 3000. Never risk more than you are willing to lose, and the only person who can decide how much this is, is the OP !

If you can afford it buy it now,you don't wanna be biting your fingers if BTC hit $1200 tomorrow

yeah thats not gonna happen

A small stop buy order at the right level should solve this issue for him....Given he is on an exchange that supports that.

I like when bitcoin goes down when i buy, it means i have a reason to buy even more  ;D

Not gonna happen, mate. At least that is something I am sure of.

I am waiting a few more days to get a clearer picture. Though the voice at the back of my head keeps saying its over for now.

at this point, if we break 780... maybe 800...on volume, i might get back in. but i dont expect that to happen. i think 780 is the top of this pennant, then down. but who knows....

I love the fact that when there is little volume we drift upwards though.   Either bots or the small investors are slowly but surely buying there way in :)

I will quote you again after Monday

Many people will buy in after they sold in panic but if new capitals don't flow in fast the downtrend can't be reversed and everyone will sell again soon.

Please do

as the price pushes up to $800 now is perfect time for panic buys :D

should've bought yesterday obviously but imho anything below 1000 is cheap

You had to buy at $700 obviously, hard to expect the price would go much lower, now you have to wait, placing buy orders around $700-$600

To borrow a cheesy line from the real-estate business: Don't wait to buy Bitcoin, buy Bitcoin and wait.

The wall is looking a lot healthier now, $720 is looking like a good entry point to quite a few people, why not start there?

I generally don't agree with bitleif, but I agree in this case.

Another cheesy line .. "Picking bottoms is a dirty business".

The truth is, most of the people posting here are long on Bitcoin.  We'll quibble over whether it's too high or too low right now, but that's about it.  If you don't have the stomach for this, buy in now, drop the coin into a paper wallet and don't watch the ticker for a few months.  You'll be pleasantly surprised.

In reality are you in to web-hosting or investing?

To me this just sounds like an easy way to leave your industry, I should know I had run a successful company for 6 years before I sold out, not because of the coins, it was just time.

Anyways, only you can decide if it is right to buy in or no as no one can easily predict the bitcoin market for you.

It's usually best to buy a little at a time over the course of several weeks or more. That way you catch a low point or two.

edit: or you can always wait for the 2013 clearance sale to make way for the 2014 models. There may even be an after Christmas sale! Check your local dealership.

I am into webhosting. I have been doing webhosting on and off, for almost 8 years. Glad to know that you were into it too.

I am not planning to leave my industry and I don't plan to become just a investor.

What I want to do is invest a little in bitcoin, since I believe in it.

Thanks for the suggestion, yea in the end it's me who has to decide for myself  ;D

A little bit of speculation does help a lot though. As usually it comes to be correct.