Bitcoin Forum

I would like to buy some coins. When do you guys think would be a good time to buy?

Now. After the 1st it will shoot back to 1kish imo

I concur ::)

Two weeks ago, the BTC reached $480 vs the USD, which was the lowest rate for quite sometime. Right now, it is trading at $700 levels.... Either you can buy now... or wait for some time till it reaches $500.

Whenever you have worthless paper money and find some fool who gives you BTC for it :)

This is just about the worst place on the whole internet that you could possibly ask this question.

Look at what Bitcoin has done after both previous crashes and you will realise:

a) There is generally a large window of buy-in opportunity in a post-crash environment. No fkn need to rush whatsoever.

b) Bitcoin may not have finished crashing.

If you are a newb, WAIT until some price stability has set in and/or the trend has show clear signs of reversal. Also, you may or may not be aware of the China thing. There is a deadline on   CNY withdrawals from Chinese BTC exchanges set for 31st Jan 2014. This means that still around 40% of all Bitcoin exchange transactions are yet to be priced out the market! And the Bitcoin Nutters are yelling 1K again before the end of the week!?

I always buy at friday night, saturday morning.
Lots of people dumping then : )

SWBS

Sell Wednesday Buy Saturday

Bitcoin came all the way down to 480$ from 1300$ and waking up again, Now market is stabling its price from 500$ and to 600$+ so now dont even Wish that price will be down then 600$ so anyone who want to buy this is the rite time (My Personal Openion and according to Few Eco Journalists) By jan Bitcoin will hit its all time high price of 1300$ and by June or July Bitcoin will be rocketing to 2000$+, Dont forget that when overstock.com will start accepting BTC minimum BTC price will be 2000$+.

+1

you missed the big dip, but still btc is at an almost 50% discount from all time high.

Thanks for all your replies guys. So I should perhaps wait till end of Jan?

It's up to you.. but keep in mind that the Chinese Central Bank is going to put in some heavy duty restrictions starting from the Chinese New Year (31 January 2014). Price might crash again around this period, or even a bit earlier in anticipation for it.

divide your cash in four piles. buy with one now, so you don't miss a rally if it starts. wait several days to weeks for a better opportunity, buy with another then. repeat. don't just rush all in unless you are pretty self-confident and can hold for a year. You don't look very confident, so better average out.

RSI and StochRSI can help choose entry, they ain't magic, so it can go wrong....but it's a help in making your overall decision.

and then


Huh?

Yes this is true, i am not confident at all. its just that we are expecting a baby sometime in july & it would be awesome to have some spare cash  :)

See it as a gamble. If you have 10k savings then you can put in 1k as a lucky shot and hope for the best.
When to buy is a hard question but it actually doesn't matter since you are still considered to be an early adopter and it is money you can afford to lose.
Now would be an ok time to buy since the price has been stable for a few days/weeks. This support level will probably be the base for any fallbacks in the future and we just survived a massive sellout from China.
Truth is nobody knows if bitcoin will succeed or fail so nobody can give you good advice, it's a whole new product.

If you go long let's say hodling for three years you might see a 100x gain or you were part of the new-age tulip craze and end up with zero and a fun memory :)

Whatever you do don't put in money you need. If you do you will be panicselling in no time instead of hodling  ;)

Thank you for your advice. Id say i can safely loose about 2k, without loosing too much sleep. Im only a small timer working a very average job

I own a few already, but will be buying as soon as/if they hit near £400 UK.

Its easy. You buy on a high volume down day as soon as the big orders and buys start popping up and your sitting on this gigantic 30k bid support

U mean as opposed to buying on the faux rises resulting from a couple of thousand coins worth of volume on the 4 hour chart?

Buy under $700 at the moment. Don't wait for new year else prices will likely be $1K plus again very soon

Can you please explain this in layman's terms

I second that emotion :)

https://images.weserv.nl/?url=1.bp.blogspot.com/-F853SPjyixc/Tn_dwdfUArI/AAAAAAAAB6A/ocOpNVw7pFo/s640/DSC_0065.jpg&fnr

https://i.imgur.com/7EUz64M.png

https://i.imgur.com/K5yIkdW.png

https://i.imgur.com/hRIwuna.png

BUY

http://cdn2.wn.com/ph/img/71/dd/36e28292dc412e87e304b2d2f9a0-grande.jpg

HODL

In the world of bitcoin, 50% price drops in a single day is not uncommon.

I guess now would be a good time. Just dont play the market as I did and lost %40 :( . Just

HODL

Yep ignore greed and HODL

What's a HODL? None of my wild guesses make any sense ;)

What's a HODL?

Buy ASAP, these are cheap coins. ;)

http://www.urbandictionary.com/define.php?term=Hodling

:D

 :D

lol. Just for people that can't be arsed to look it up:

"'OHH YOU SHOULD HAVE SOLD' YEAH NO SHIT. NO SHIT I SHOULD HAVE SOLD. I SHOULD HAVE SOLD MOMENTS BEFORE EVERY SELL AND BOUGHT MOMENTS BEFORE EVERY BUY BUT YOU KNOW WHAT NOT EVERYBODY IS AS COOL AS YOU. I am HODLING."

Very funny.

I google'd it but couldent find anything, now i no though  ::)

Can't imagine who defined it ..... but certainly an apt term in bitcoinland

In essence

To HODL is to take your bitcoins to your grave or make a profit.
To HODL is not to panic sell no matter how grim the situation is.
To HODL is the best strategy when it comes to bicoin.
To HODL is to have your private key chipped into your tombstone when BTC is worth $0

I hope you are not looking to bitcoin as an income source. Speculating is just as likely to steal your cash as it is to earn you more, especially on such a short time frame. If you need the cash in the near future then you shouldn't be investing it in bitcoin at all.

BTC is already moving up without backing information so if you miss this chance you will not get it again. 2014 will be bitcoin huge movement.

There is backing information though. China is going up. That's all there is to it. We're following China.

Just watch that chinese news. We'll come crashing down once they put the ban through. Until then: to the moonz!!11!!

Yup.

I watch the charts like a hawk.

9/10 times, USD bitcoin follows in CNY bitcoin's footsteps.

Anyone who claims otherwise or tries to play down this blatant relationship is a fkn idiot and goes right on my ignore list. Can't afford to have my thoughts polluted with the ramblings of idiots when there is so much at steak.

Why the fk is it so hard to buy some coins? Cant find anyone willing to escrow

I wouldn't have agreed if bitcoin was at $50 to $100 but near $1000, absolutely agree - its not a "looking for spare cash" kind of thing, especially for a baby. Way too much risk.

To repeat the obvious, speculating in the price of bitcoin is a very risky endeavour. If you can afford a loss, go for it. If you can't, don't.

Maybe i should just buy about 3BTC?

BUY BUY BUY

Wait I mean SELL SELL SELL

Decisions, decisions.... :D

Only you know your circumstances. We can't make this decision for you. Will bitcoins be worth more than they are now in mid-2014. Probably. Can I be sure? No.

You might as well go to a casino then. Bitcoin is very volatile and it could lose half or more of its value before you have time to click the sell button. You could also get lucky and double your money within a couple weeks, but it's still a gamble. I would suggest you learn more about bitcoin and buy some if you really like the idea and possibilities of it, not as a way to earn a quick buck. Don't invest too much so you don't have to worry constantly about the price, and who knows in a few months or years you could see your initial investment grow pretty large. Don't expect anything though, bitcoin can fail and make you lose your entire investment, or it could go down and stay down for many months or even a year before it slowly recovers. There are no guarantees whatsoever, but for me the entertainment value, the community and what it has taught me about money and the financial system is already worth the fiat I've invested in it. That I even made a profit from it is just a bonus.

The Best time to Buy BTC Is when a fake news is out and btc rates goes  completely. But at that time. :)

They will increase for sure soon.

Not sure about "fake" news, but certainly people overreact to what they perceive as bad news. Classic case was Silk Road being shut down.

We all knew when to buy in April  when suddenly 5 buy orders for 4000btc-7000btc each popped up on the mtgox order book into the gigantic selloff. The orders might be smaller now since there are more exchanges but you get the idea.

Don't buy, save it for your baby,

Hard to argue with that. "Don't risk more than you can afford to lose" is the old adage. And you can't afford not to have money to feed the newborn.

I believe the op stated that he/she can afford to lose about $2K. This is just as good time as any to buy bitcoins. It WILL go up in value sometime in 2014. It will double in value THREE times in 2014, if past is any indication. It will increase 5 times in value at least, most likely if past is any indication. If I were in your shoes, I'd make SURE that you can LOSE $2K and still provide for the new baby, and then buy ~3 btc with $2K NOW. Then, hold and pray that you will find the right time to sell 1 btc for much profit. Keep the remaining 2 btc until 2016-17, when your new baby is 2 or 3, you can sell the 2 btc for $1m each and retire.

If he's hoping to make a couple grand to help with the baby, I think it's pretty safe to say he can't afford to lose $2k. If you have the time, patience and a little bit of talent you can turn a bitcoin into several bitcoins trading on Cryptsy. I like those odds much better than a blackjack or roulette wheel. Then again, sports betting is probably better if you really know what you are doing.
If you are really set on this, buy 2 btc, take one and paper trade on cryptsy a couple days then give it a go. If this takes off like we all hope it will next year the btc you don't gamble with should give a nice profit. I think it's muchmore likely we will see $10k nxt year than $10, for whatever that's worth.

Thank you guys this advice really means a lot to me

What!?  Buy a little, hold it for several years and pay for that babies college education!  ;D

If you are going to buy, buy now, cheap as chips. Price is heading north once we get through new year

(Just my opinion. Put money away to feed the baby first!)

Or buy a Lambo ;)

The lambo buyer has more than a few bitcoins ;)

The problem with most of Bitcoin investors is that they are always late to the party and don't have the balls to be able to invest in anything as volatile as Bitcoin.

How many of you people who have been waiting for cheap coins actually bought in when they were sub $500 when I was telling everyone that $400 was the LOW? Only the smart ones. The smart ones see the market and have the balls to buy in and have the balls to keep holding whilst the market dips and jumps.

If you keep waiting for a price drop you will always be waiting because it won't ever drop low enough for your stupid mind to trigger a buy.

At some point you have to make a choice, do you believe in Bitcoin long terms? If so, then buy and hold on for dear life.

+1

I bought at $120. Sold at $390 and rebought at $280. Sold at $800 and rebought at $500. Sold at $1150 and rebought $950. Sold at $1150 rebought $600. Sould at $1000 rebought $500. Sold (most) at $800. I am once again sold because the current chart/volume is incredibly weak, manipulated, and China driven. I am waiting to see real volume, and support, preferably without China involved at all.

But it would be quite something if you were right 100% of the time  ;D

Look at the volume for the April bubble and the volume for this one... I think a rise on the current volume is the closest thing we get to stability - and it's still a very fast rise by all standards.

If you had much more volume then it's just back to boom and bust. I think many people here have developed a tolerance to the roller coaster and can't get high of something that might only grow 500% next year!

First:
make your decision/opinion about the future of bitcoins.

Second :
Make a personal forecast/estimation for the value of bitcoins in about 1 or 2 years

than conclude:

is your personal value-forecast/estimation >let`s say 2000 €/BTC than ist dosn`t really matter at what Price below 1000 €/BTC you are going to buy BTC.
The higher your personal value-forecast/estimation  the less does it matter.

You will be on the winning side either way.

So did I:
Now I am watching very relaxed and amused price-movements.

The only thing to strictly be applied is:
IMHO: BTC is to participate in a revolutionary changing monetary System[in case this will happen]

You are my hero. I never saw someone so cool trading.

Cos I'm not that clever and most time loose at trading. So I just buy, hold and hope it will be the right choice.

In case I calculate right, you increased your amount of money more than factor 68 in a few month.

it means, in case you invested around 15000$ you should have more than 1 Mio US$ now  :o