Bitcoin Forum

I've been thinking about investing into more bitcoins, and I'm wondering what's the best thing to do right now? Need some advices  :)

Wait until when? The price drops? And then what are you gonna do? You will keep waiting and waiting as it's dropping and you definitely won't buy then. No you will wait for it to go to the bottom, then spike up and then you will be thinking hmm oh it's too late I've missed out, let me keep waiting some more.

If you want to invest into Bitcoin long term the best time to buy is today. It's better to be on the train than off it.

Alt-coins Wait

Bitcoin Buy now Tomorrow facebook could start accepting bitcoins and you will wake up to 1,000,000 dolla

Given the recent price increase, there may be a pull back. So, I don't recommend investing everything in one chunk.
It might be a good idea to start dollar cost averaging in. However, don't make the dollar cost average for a long period of time. Invest your entire sum in a period of three to four months.

in the long term it has always been a good time to buy and hold it.
dump those dollars :)

i suggest checking out some of these bitcoin reports from this guy's site: http://www.thebitcoinchannel.com/

he's been pretty much on the mark since i started watching since march/april. he's got good advice. personally i'd go in as soon as i could.

We are below last ATH (All time high), to me it's safe enough to invest.
Sure thing is you are a bit late.
dg2010 is right, if you are convinced and committed (in case it goes down for a while) buy asap

Bought another bitcoin yesterday for 825, so already made 100 bucks on that. Always buy, then when it drops, buy more...bitcoin can not be stopped now

I was late to the party but I bought some as it went up to the mid-December high, bought some at at that high, bought more as it went down to $500 recently and then kept buying some all the way back up to now.  My dollar averaged cost is about $700.  My last purchase was 0.5 BTC at $916.  That is at the current high, but all my buying has been dollar cost averaging over time.  If you think you are a market whiz... use your genius to buy at the "right" time... otherwise,  dollar average your purchases by spreading them out over the change in bit coin cost and you will gain if bitcoin goes up over the long term.

Just get in.

i'm waiting until it hits $5000 before going all in.

Just do it now. I'll sell you lots of BTC at $5,000. ;)

I don't understand your reasoning. Why buy at 5 times the price, why not now?

If you think that it is safer after that, because then bitcoin has a greater chance to succed, fair enough, but I think we are already well past that point.

Buy.

I would say it depends on the % of bitcoins in your portfolio. You can have it according to your preference.

If you already have 50% or more of your wealth in bitcoins, better wait and take the risk that it will never go down.

If you have 20% or less, perhaps buying more now is a good idea.

Zynga Accepts bitcoin.

http://www.businessweek.com/news/2014-01-05/bitcoin-tops-1-000-again-on-adoption-by-zynga-amid-wider-usage

That is the reason for the sudden rise of BTC.

A lot of gaming companies are looking into bitcoin, but so far they've been pretty reluctant because of the unregulated nature of bitcoin which scares them away (at least that was the usual response I was getting). But I think it's only a matter of time before they start jumping into the train. They just need to be sure that they won't run into problems with authorities for dealing with btc payments.

There's no "right or wrong" time to buy in. There is no "playing of the market" or being able to predict what will happen tomorrow or next week with this. This is all new. There's nothing like it before.

When people ask me "Should I buy in or wait", my reply is do some homework, learn about Bitcoin, and then when you feel comfortable, pull the trigger. Trying to "play" or "time" the market is guarenteed to leave you with less bitcoins than you had or you could have had.

Go with your gut. When your gut says do it, do it. And then don't sit there and stare at the price every hour, day, etc. Just let it ride and come back to it at a later date (a year or so?). There's no right or wrong here. And if you go with "coulda, shoulda, wouldas", you will give yourself an ucler.

+1
awesome answer.

I will only add, don't invest more than you can afford to lose, because tomorrow, it could all go to zero.

Exactly, if the price drop sharply, you dare to buy them then?

Like any speculative investment, don't put in any more than you can afford to lose.   Obviously, don't go into it with the train of thought that you will lose money though.  In terms of buying now or waiting, I would say that depends on how long you plan on holding, and what your personal opinion on what bitcoin's long term potential is.   If you are one of the people that believes that 1btc will be worth over 10k, then the price right now is ridiculously cheap.   Conversely, if you think that we are at the top of the market right now, then 1 btc is too expensive right now.  The only reason that I see in waiting to buy, is if you are just planning on day trading that 1 btc into 1 or several other alt coins.   If that is the case, you may want to wait and hope for a dip.   Or you may want to closely watch what the ratio is to the other coin that you want to trade.   For instance if you are looking into trading Litecoin, then you would want to watch the LTC/BTC ratio. 

Ultimately, waiting is no fun :)

Most people wouldn't buy then.

But most people would sell in despair!

Only those who view Bitcoin as a wild flutter on the side or who got in early can stomach and hold Bitcoin through 60% crashes with no certainty of where the crash will stop.

buying when the trend is upwards is a good decision, especially if we are so much away from the (now misterious) 1200$ mark.

just buy a little bit. get your feet wet. if it goes down, buy a little more. if it goes up, buy a little more. buy as much as you feel comfortable hodling for TWO YEARS no more or less. Don't worry about missed opportunities. They are gone, but more come every day.

I would buy, unfortunately got no more fiat  :( Don't worry about losing, just pick a price you consider a bailout point and if the price drops to let's say 50% of what it is now, you will sell. Worst case scenario you'll lose 50% of your investment (in case BTC fails completely), if it starts to recover just buy back with minimal losses.

Spend 10 k and buy at 800 that's my vote lol :)

With stock maybe but with BTC I don't see the logic in doing that, wouldn't you rather buy when it's down?

The logic is that bitcoin is in an upward trend since day one.
Waiting for it to go down leaves a possibility it will go up making you delay even further and most likely miss the boat.
Buying now removes the risk of it going up but opens the possibility of missing out on buying in for less.
The latter is pretty much insignificant as within a years time, having bought in at 900 or 600 will not make a difference just like 70 or 100 now.
The bigger risk is keeping your coins safe.

Dump those Euros and dollars asap.

currently buying is best because its going to hit again 1000$ figure very soon and any one can take good profit from this

trust yourself

I have never good luck in this lottery so I am not going to give you any tip about this just do all on yourself its better  :D

I've just bought more Bitcoin and I'm happy with it. Sure the price could be lower at the moment but it could also be a LOT higher. The practical answer is 'who knows?'. Just make sure that whatever you do invest, you can afford to lose. Not that it's likely, but again, 'who knows?'. I'm happy to be in the game than on the sidelines watching the action.

“It’s not the will to win that matters—everyone has that. It’s the will to prepare to win that matters.”
– Paul “Bear” Bryant

I'd say go ahead and jump in now. Of course, it's all about how financially stable you are and whether or not you can do so, but yes, jump in now! Before it's too late!

I checked this out and all I find is a news feed.

there's a lot of buying support in the 800 dollar level.. not saying these same buyers wouldn't bail if there was a technical breakdown and a rush for the exits, but at the moment they seem hell bent on keeping there from being a technical breakdown. It's anyone's guess and it could go to 500 or up to 1200. Flip a coin.   Right now longer term support is in the range of 720 bucks so we could go about to that point and still not be in a 'technical breakdown' ... any lower and we likely go down to test the lows in December.   I'm going by BTC-E pricing here and not the inflated mt gox pricing which I ignore.

Buy now, This is the most lowest it will guy, and for the rest of your money, Wait until it drops, You never know.

Buy now or forever hold your peace.

Now or laterz? It's always a good time!

https://www.youtube.com/watch?v=H7HmzwI67ec

Due to high price fluctuations day by day, difficult to answer. Bulk trading is not recommended