Bitcoin Forum

Economy => Speculation => Topic started by: bitcoinsrus on February 05, 2014, 09:28:37 PM



Title: xx
Post by: bitcoinsrus on February 05, 2014, 09:28:37 PM
xx


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: Ibian on February 05, 2014, 09:30:11 PM
So what I hear is, you are looking at a $300 discount and not sure if that's enough.

It'l hit 10k this year and stay stable over 5k.

Btc-e works, so does Kraken, haven't tried others.


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: Dafar on February 05, 2014, 09:46:34 PM
Hello.  I wanted a good investment and literally just heard about btc when it was $1,100
Is there anyone that can tell me what they think btc will climb to by september-december 2014 (this year)

do you guys think it will go to 2k by march or april like I have read before
or do you think it might go to 5k or 10k by december (many months from now)


Sorry to burst your bubble, but no one can tell you shit. This is one of the most volatile and unpredictable markets out there, what someone thinks about where the price is headed should not be your decision factor. Because at the end of the day, whatever anyone says really does not mean much, anything can happen. But overall, people are pretty bullish for the long term and so am I.

Do I think it will go to 2k by march? No... I think 2k will happen by July.
Do I think it might go to 5-10k by december? It should but I doubt it, we'll probably see this kind of growth next year.


BTC-E is great, but you can't directly transfer USD there to buy BTC. I would still recommend Coinbase despite whatever issues you had. If you're in the USA it is the best place to get BTC.


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: Dalmar on February 05, 2014, 09:47:06 PM
Don't invest more than 10% of your net worth in something like bitcoin. BTC is still a highly speculative asset. Also, now is not even the best time to buy (600 is very likely and 700 almost a certainty).

As for a good exchange, use bitstamp. They are the most trustworthy of the major ones.


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: Bitcoin BEAR on February 05, 2014, 09:50:22 PM
Some bold claims made in this thread.

My advice would be to make the decision for yourself. You don't want to listen to the permabulls that will tell you to buy no matter what price we are at. If you are planning to hold for years, then this isn't such bad advice, but when you say "Everything I have" and that's $12,300, then I would do some more homework before putting all your money into Bitcoin.


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: Mythul on February 05, 2014, 09:55:26 PM
If you are prepare to lose that money do it.
Right now bitcoin is still 50/50. Are you willing to risk all the money to get 10x the return ?

If yes then invest. But you could just invest only a part of your money and move on.
Also be armed with patience, it could take 2-3 years to 10k and 5-10 to reach 100k if ever.

If you plan on hodling at least 5 years, invest and move on with your life.


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: kkaspar on February 05, 2014, 09:56:37 PM
Yeah, don't buy right now. Currently the situation is 50/50 at best, if the price will start to rise or fall. Putting your money in bitcoin is currently like using your savings to win at the casino. Wait when bitcoin has dropped then your chances that it will rise again are much bigger and only use less then 30% of your savings when investing. Even if bitcoin starts to rise, then wait till it has dropped. Never buy only because everyone else seem to be buying, it could be a trap..


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: Dalmar on February 05, 2014, 10:00:38 PM
If you plan on hodling at least 5 years, invest and move on with your life.

Bitcoin is not something you can just keep without checking the news on it at least weekly. It would be idiotic to buy bitcoin and not keep up with its developments, especially with all the regulators across the world looking into it right now.


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: chessnut on February 05, 2014, 10:02:14 PM
If you plan on hodling at least 5 years, invest and move on with your life.

Bitcoin is not something you can just keep without checking the news on it at least weekly. It would be idiotic to buy bitcoin and not keep up with its developments, especially with all the regulators across the world looking into it right now.

also importantly, one needs to keep up with the technology, lest a significantly better coin is developed.


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: boumalo on February 05, 2014, 10:04:03 PM
I may suggest a few ideas :

-You could buy a few BTC then wait a few months before buying more in case the price drop, then buy some more and wait a few months again
-Send some of your BTC to a paper wallet
-Diversify a bit and buy an once of gold
-Don't send the whole 12,300$ to an exchange at once
-Make sure that you won't need any of the 12,300$ anytime soon, if you do think about investing less


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: Kupsi on February 05, 2014, 10:04:45 PM
I don't believe we will hit 2k by the end of april, but I believe a price above 5k this summer is very likely.

I would buy 1/3 now, 1/3 after two weeks and the last 1/3 after four weeks.


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: Mythul on February 05, 2014, 10:06:08 PM
If you plan on hodling at least 5 years, invest and move on with your life.

Bitcoin is not something you can just keep without checking the news on it at least weekly. It would be idiotic to buy bitcoin and not keep up with its developments, especially with all the regulators across the world looking into it right now.

Yes, the OP should keep up to date with the news, but avoid day trading. If you get hooked on the news, the forum etc. then chances are you are going to day trade and we all know how that will end if you do not know what you are doing.

Right now BTC is a gamble with a big chance of winning. The tech is a breakthrough. If it will get banned, it will go underground only to emerge more powerful in 5-10 years.

But as usually please do not believe everything is written here.
My advice would be, do not go all in, buy a few coins and wait. You wont have regrets if it goes to the moon and won't commit suicide if it goes to 0.
Win/Win.


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: MonadTran on February 05, 2014, 10:14:08 PM
Can't understand why wouldn't you use Bitstamp?? Stamp is the best exchange. Easy to deposit/withdraw and trade.
Stay away with from btc-e with international deposits!! Check other treads for btc-e.

The guy's username is bitcoinsrus. Which means, he's in Russia. Which means, Btc-e is one of the best choices for him. You could try wm-center.ru (that's where they moved I think), I had some good luck with them.

Doing international transfers out of Russia is pretty difficult, anyway.

I would probably join the others in saying that nobody knows for sure where BTC would go and when, but in case it goes up, which is very likely, it's a good idea to have some savings in there. May also help in case the guys in the government decide to ban USD accounts (I heard a few rumors)


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: boumalo on February 05, 2014, 10:28:42 PM
Can't understand why wouldn't you use Bitstamp?? Stamp is the best exchange. Easy to deposit/withdraw and trade.
Stay away with from btc-e with international deposits!! Check other treads for btc-e.

The guy's username is bitcoinsrus. Which means, he's in Russia. Which means, Btc-e is one of the best choices for him. You could try wm-center.ru (that's where they moved I think), I had some good luck with them.

Doing international transfers out of Russia is pretty difficult, anyway.

I would probably join the others in saying that nobody knows for sure where BTC would go and when, but in case it goes up, which is very likely, it's a good idea to have some savings in there. May also help in case the guys in the government decide to ban USD accounts (I heard a few rumors)

It is pretty hard to cease an anonymous paper wallet or a anonymous brain wallet  :)


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: bitcoinsrus on February 05, 2014, 10:38:22 PM
Can't understand why wouldn't you use Bitstamp?? Stamp is the best exchange. Easy to deposit/withdraw and trade.
Stay away with from btc-e with international deposits!! Check other treads for btc-e.

The guy's username is bitcoinsrus. Which means, he's in Russia. Which means, Btc-e is one of the best choices for him. You could try wm-center.ru (that's where they moved I think), I had some good luck with them.

Doing international transfers out of Russia is pretty difficult, anyway.

I would probably join the others in saying that nobody knows for sure where BTC would go and when, but in case it goes up, which is very likely, it's a good idea to have some savings in there. May also help in case the guys in the government decide to ban USD accounts (I heard a few rumors)

i am not russian, i was making a play of words with toysrus
but that would be clever

i have read all the comments
and this is what I have taken from it.
someone said buy some now and buy some later.

i remember reading on the forum that someone bought at 1000
lets say that person bought 10btc at 1000 or 10,000
if he sold at 800, that means he lost 2,000

if he had bought 5btc at 5,000 (1000 a btc)
and bought 10btc at 5000 (when it was 500 a btc)
then total of 15 btc for 10k

if he sold now at 800
that would be 12,000
netting total of 2k profit

i totally agree with this sort of diversifying your assets.

thanks for the suggestions and this advice really helps me


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: Ibian on February 05, 2014, 10:47:44 PM
Thing is, price change comes in waves. It shot from 130s to 1100+ in just a few months and found rest where we are now, around 800. History has a way of repeating itself, and for all the talk of bitcoin being unpredictable, it's not. It's pure supply and demand, and the demand keeps going up. Next swing will make anything below 1k look cheap.


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: coinpharmer on February 05, 2014, 10:55:45 PM
Thing is, price change comes in waves. It shot from 130s to 1100+ in just a few months and found rest where we are now, around 800. History has a way of repeating itself, and for all the talk of bitcoin being unpredictable, it's not. It's pure supply and demand, and the demand keeps going up. Next swing will make anything below 1k look cheap.

truth. Im buying every coin I can as I get funds to do so, because I think the odds of it falling in price are much lower then it raising in price and in 6 months to a year everything sub 1k will have been a blessing.


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: bitcoinsrus on February 05, 2014, 11:07:07 PM
yes this is exactly what I have been thinking as well


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: keithers on February 05, 2014, 11:19:48 PM
I don't believe we will hit 2k by the end of april, but I believe a price above 5k this summer is very likely.

I would buy 1/3 now, 1/3 after two weeks and the last 1/3 after four weeks.


I 2nd this.  You should try to get your dollar cost average the lowest.  If it is money that you potentially need back quickly, you should have an account at coinbase as well, or somewhere that allows easy withdraws to your bank.  Therefore no Gox, as you could be waiting until next summer just to withdraw any funds.


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: Torque on February 05, 2014, 11:47:55 PM
I second that Coinbase is a good choice.  Whatever you decide to do, I would go ahead and get your account set up with them and buy a tiny bit of BTC NOW.

The reason being, there is a waiting period of 30 days while they verify your account and KYC stuff.  You start at level 1 and have a purchase limit of 10 BTC/day for the first 30 days.  Then after that, once you reach level 2 verification, they raise the purchase limit to 50 BTC/day.

If you have a lot of BTC that you want to buy, and want to get the price you want it at, then I would definitely get this process with them squared away FAR ahead of schedule.  

Ask me how I know this.  ;)


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: GigaCoin on February 05, 2014, 11:48:32 PM
wait for a dip before u buy


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: TERA on February 06, 2014, 12:21:16 AM
Never invest more than you can afford to lose and are ready to lose 100% of. That means certainly don't invest "everything you have", at ANY price.


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: MatTheCat on February 06, 2014, 12:46:06 AM
Hello.  I wanted a good investment and literally just heard about btc when it was $1,100
Is there anyone that can tell me what they think btc will climb to by september-december 2014 (this year)

You work hard for that 12K?

How much would you want to banjo these fkn twats for telling you to buy right away and hold no matter what, when you are sitting watching Bitcoin 'consolidate' in the $400 - $500 range in a few weeks time from now? Market is very weak at the moment, with lots of people thinking that it is actually being artificially held up. I also think this but today, the floor just got taken away from under Bitcoin's feet. If another serious bit of selling pressure comes along anytime soon, then this market is going much lower.

Look at the chart formations, look at Bitcoin's price history, look at how other assets have generally performed after parabolic rises, followed by a crash and partial recovery.

Figure out what the important resistance levels are and only be prepared to take the plunge when Bitcoin shows that it can reach and convincingly breach these levels with gusto. Right now, if Bitcoin takes out $835 on Bistamp, on high volume, with great appetite for coins still at this price level, then that might be a time to consider investing.

Don't invest in Bitcoin until it proves itself to be going in the right direction again and please don't, don't, and simply do not listen to the Bitcoin Nutters on this forum. Most of them are sitting on coins they got for less than $100, whilst they are practically commanding noobs to pounce upon $800 coins, telling them "get me while they are still cheap". These people need to be asbo'd.

I had some memorable run-ins with Bitcoin Nutters when I announced that I was selling $1100 coins in $1000 range in order to minimise damage. i got slated left right and centre for that and we all know what happened next.

Use your head, don't buy into the hype stories, just as you should guard yourself against the blatant fear mongering, although 'bear meterial' is definitely scarce in Bitcoin land.

As for which exchange to go to. Bitstamp has very limited trading options with no straightforward means of even setting a stop loss, but with that aside, it is the only exchange that I quite frankly feel I can trust. Bitcoin is littered with exchanges disappearing with all their customers Bitcoin and Geld. If you are just intending on being a straight forward buy n hold Bitcoiner, go straight to Stamp.



Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: BitcoinAshley on February 06, 2014, 12:51:08 AM
Price just tanked, again. We're in a bear market. Lots of confirmed bad news. Still keen on throwing that $12,300 away?

 ;D ;D ;D


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: igorr on February 06, 2014, 01:18:39 AM
tomorrow you will have nothing.

Check the price.


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: chessnut on February 06, 2014, 01:26:00 AM
tomorrow you will have nothing.

Check the price.
yes, buy some tomorrow ;)


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: bitcoinsrus on February 06, 2014, 01:27:55 AM
I considered short term trading but it really is better to hold for a few months
if i do go all in, i probably will hold for 6-12 months

no mt gox, i heard about their withdrawl issues and maybe if I had a Japanese account or something to get funds quicker, maybe i would go with them
coinbase seems best because i could add my bank account


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: igorr on February 06, 2014, 01:38:01 AM
tomorrow you will have nothing.

Check the price.

yes, buy some tomorrow ;)

Then it is better to wait for the price of 1 usd.


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: bitcoinsrus on February 06, 2014, 01:58:51 AM
wow dipping, any comments on this new development guys?


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: MatTheCat on February 06, 2014, 02:01:20 AM
wow dipping, any comments on this new development guys?

YEAH...EVEN CHEAPER COINS THAN THE ONES THAT YOU WERE COMMANDED TO GO ALL IN ON EARLIER!!!

QUICK!!! BUY THEM ALL AS MUCH AS YOU CAN RIGHT NOW!!!!


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: jamesc760 on February 06, 2014, 02:06:40 AM
"wow dipping, any comments on this new development guys?"

Some idiot dumped much coins at bitstamp after mt.gox dropped $100. Panic selling at its best. Don't be that guy.


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: MatTheCat on February 06, 2014, 02:13:04 AM
"wow dipping, any comments on this new development guys?"

Some idiot dumped much coins at bitstamp after mt.gox dropped $100. Panic selling at its best. Don't be that guy.

and what about that 'idiot' who dumped 1500 BTC at around 1800 UTC, long before Gox started to tank?

another panic seller perhaps? Or someone taking advantage of the deep Bid wall (which he decimated with his sell off) to sell a big load of coins for max USD?


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: keithers on February 06, 2014, 02:57:32 AM
regardless of the price dipping today a bit, you should still invest a little (and potentially sell a little), as soon as possible.   This is just so you can get your feet wet and familiarize yourself with how it all works and it will give you some confidence once you have completed the cycle (of setting up account, buying btc, selling btc).


After that, you should obviously try to buy on the dips, although it is tough to buy when you see the value tanking right before your eyes.   Just like any investment, you want your dollar cost average to be as low as possible.   

I would also suggest putting a little bit into Litecoin if possible.  There is a lot of room for growth with Litecoin.   I have money invested in both, and honestly I have been way more profitable with Litecoin.   I am in both for the long haul, and haven't sold any of either since the first week that I invested (I followed my own advice above).   I just wanted to make sure I could get money in and out of my bank without any problems in buying and selling btc and ltc.


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: bitcoinsrus on February 06, 2014, 03:02:04 AM
regardless of the price dipping today a bit, you should still invest a little (and potentially sell a little), as soon as possible.   This is just so you can get your feet wet and familiarize yourself with how it all works and it will give you some confidence once you have completed the cycle (of setting up account, buying btc, selling btc).


After that, you should obviously try to buy on the dips, although it is tough to buy when you see the value tanking right before your eyes.   Just like any investment, you want your dollar cost average to be as low as possible.   

I would also suggest putting a little bit into Litecoin if possible.  There is a lot of room for growth with Litecoin.   I have money invested in both, and honestly I have been way more profitable with Litecoin.   I am in both for the long haul, and haven't sold any of either since the first week that I invested (I followed my own advice above).   I just wanted to make sure I could get money in and out of my bank without any problems in buying and selling btc and ltc.

i thought about litecoin, it is mine-able to me as well
could invest in some hardware and mine before knc gets a scrypt miner driving the difficulty and demand up


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: keithers on February 06, 2014, 03:13:57 AM
regardless of the price dipping today a bit, you should still invest a little (and potentially sell a little), as soon as possible.   This is just so you can get your feet wet and familiarize yourself with how it all works and it will give you some confidence once you have completed the cycle (of setting up account, buying btc, selling btc).


After that, you should obviously try to buy on the dips, although it is tough to buy when you see the value tanking right before your eyes.   Just like any investment, you want your dollar cost average to be as low as possible.   

I would also suggest putting a little bit into Litecoin if possible.  There is a lot of room for growth with Litecoin.   I have money invested in both, and honestly I have been way more profitable with Litecoin.   I am in both for the long haul, and haven't sold any of either since the first week that I invested (I followed my own advice above).   I just wanted to make sure I could get money in and out of my bank without any problems in buying and selling btc and ltc.

i thought about litecoin, it is mine-able to me as well
could invest in some hardware and mine before knc gets a scrypt miner driving the difficulty and demand up

Yes, If I were you, I would invest about 65% BTC and 35% LTC.   That is what I have personally done to be honest. 


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: romerun on February 06, 2014, 04:51:51 AM
all in and hodl, sell a fraction for food, gas and shelter when they are needed, btw for LTC I would wait for it to touch 0.013 or less, otherwise stay with btc and let the good times roll


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: DeathAndTaxes on February 06, 2014, 04:55:09 AM
Use some dollar cost averaging.  Put $1K in each month. You can break that down into say $250 per week if you want.  When the price is high $1K will buy less coins, when the price is low it will buy more.  If the market tanks you won't be thinking of panic selling because you know your new installment will be buying more coins.

On the other hand if you feel you absolutely must buy immediately.  BitSimple (see sig V) can get you coins in your wallet in a few hours if you fund by bank wire.  No waiting days or weeks wondering if you order will go through.


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: the_poet on February 06, 2014, 10:22:02 AM
Invest what you can afford to lose, not everything you have!!! Are you mad??


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: Watari on February 06, 2014, 10:35:59 AM
Invest what you can afford to lose, not everything you have!!! Are you mad??
Agreed!


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: bitcoinsrus on February 06, 2014, 10:38:38 AM
Invest what you can afford to lose, not everything you have!!! Are you mad??

lol yes i agree as well


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: billyjoeallen on February 06, 2014, 10:41:34 AM
I would pay attention to the people who have been around the longest, hero and full members.


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: chessnut on February 06, 2014, 11:28:47 AM
Its a once in a lifetime opportunity......... tough decision.
will you have to live on the street if you lose?
what about your family?
Personally, I would take the gamble. of coarse, you will need money to survive for the next year or two.... so not literally everything.
I think 6BTC is enough for anybody btw. no need to spend all your money.


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: MatTheCat on February 06, 2014, 01:31:01 PM
I would pay attention to the people who have been around the longest, hero and full members.

Yes. Early adopter hero members like piramida, who told me to hold BTC bought at $1100. These are the types you need to listen to most!

After all, they bought Bitcoins at $11, so these guys know better than anyone that Bitcoin goes up 10000% every 12 months and that going all in and holding is the only sensible option


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: teukon on February 06, 2014, 02:16:51 PM
Invest what you can afford to lose, not everything you have!!! Are you mad??

If you have no dependents and can't afford to lose all your liquid assets, I pity you.


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: the_poet on February 06, 2014, 02:25:59 PM
Invest what you can afford to lose, not everything you have!!! Are you mad??

If you have no dependents and can't afford to lose all your liquid assets, I pity you.


Are you suggesting someone should put every single penny they own into something that can be defined all but predictable? If this is the case, I pity you too.


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: Bitbuy on February 06, 2014, 02:31:13 PM
mmm I have never traded / bought on someone's "suggestions", hero member or not...I read them, I interpret them, and then i make up my own mind.
==> Due Diligence


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: Rygon on February 06, 2014, 02:38:52 PM
Do it. Do it now.


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: Mythul on February 06, 2014, 02:41:06 PM
So did you buy any coin or not ?  ???


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: igorr on February 06, 2014, 02:45:26 PM
BTC quickly losing popularity.

http://easycaptures.com/fs/uploaded/637/3446942191.png (http://easycaptures.com/3446942191)View Screen Capture (http://easycaptures.com/3446942191)

http://easycaptures.com/fs/uploaded/637/7436452349.png (http://easycaptures.com/7436452349)View Screen Capture (http://easycaptures.com/7436452349)


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: teukon on February 06, 2014, 03:42:04 PM
Invest what you can afford to lose, not everything you have!!! Are you mad??

If you have no dependents and can't afford to lose all your liquid assets, I pity you.


Are you suggesting someone should put every single penny they own into something that can be defined all but predictable? If this is the case, I pity you too.

Nope.  I'm not suggesting anything of the sort.  I don't care how OP wishes to gamble with their money (it's not "investment" if there's no understanding).

I'm merely offended by the notion that one cannot afford to lose X, where most people in the world cannot afford to dream of attaining X. 


Title: from bitcoinrus
Post by: bitcoinsrus on February 06, 2014, 03:57:32 PM
hello, i read the messages on the 3rd page
no, losing this money would not put me on the streets.
it is all the money i have right now though.  I saved for literally 4 years.  I remember when I only had 400 in my bank and I literally bought lottery tickets.  I won total of 550-600 (so i made like 150-200 profit)
I then looked online and the odds of winning that 1 and only 500 dollar ticket that put me in profit was very high
the other tickets i won were like a total of 150-200
if it wasnt for that 500 dollar ticket i would have lost half my investment

Being that as it may, I am a risk taker but i saved every penny for 4 years.  If I invest I will try to stick by it
(I have a roof over my head and food in me for the time being) but it is just all the capital I have.  Losing it in bitcoin (if it does die) would disappoint me but it would be an investment with risk like all investments.

I regret buying btc for 988 but then i quickly canceled so i got my funds back.  i was too scared to buy when it was 500 (looking back i should have but that 988 scared me)
now its dropping, i cannot resist if it keeps dropping



Title: Re: from bitcoinrus
Post by: boumalo on February 06, 2014, 04:29:01 PM
hello, i read the messages on the 3rd page
no, losing this money would not put me on the streets.
it is all the money i have right now though.  I saved for literally 4 years.  I remember when I only had 400 in my bank and I literally bought lottery tickets.  I won total of 550-600 (so i made like 150-200 profit)
I then looked online and the odds of winning that 1 and only 500 dollar ticket that put me in profit was very high
the other tickets i won were like a total of 150-200
if it wasnt for that 500 dollar ticket i would have lost half my investment

Being that as it may, I am a risk taker but i saved every penny for 4 years.  If I invest I will try to stick by it
(I have a roof over my head and food in me for the time being) but it is just all the capital I have.  Losing it in bitcoin (if it does die) would disappoint me but it would be an investment with risk like all investments.

I regret buying btc for 988 but then i quickly canceled so i got my funds back.  i was too scared to buy when it was 500 (looking back i should have but that 988 scared me)
now its dropping, i cannot resist if it keeps dropping



What are your objectifs? A quick buck? A solid long-term investment?

You could buy some gold (find a good price), buy a few btc and send them to a paper wallet then don't watch the btc price more than once a week and hide your paper wallet well (but not well enough that you won't be able to access it)-You could also invest on yourself by learning something that will help you professionally or in life


Title: Re: from bitcoinrus
Post by: LOADING.READY.RUN on February 06, 2014, 04:41:09 PM
it may, I am a risk taker but i saved every penny for 4 years.  If I invest I will try to stick by it
(I have a roof over my head and food in me for the time being) but it is just all the capital I have.  Losing it in bitcoin (if it does die) would disappoint me but it would be an investment with risk like all investments.

Ok, it seems like you made up your mind. Maybe think a bit longer about how much you really want to put into BTC -- after all it's still a high-risk investment.

However, if you don't want to start trading your bitcoins, make sure you use the method of dollar cost averaging that DeathAndTaxes described earlier in this thread: https://bitcointalk.org/index.php?topic=450676.msg4966458#msg4966458

Other than that, it may turn out really useful to learn some basics about trading, how to read the market: learn about the basic indicators, patterns etc... It will help you find good entries and/or exits, even if you don't plan on trading much.


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: coinpharmer on February 06, 2014, 05:48:47 PM
just buy and hold now. it sounds like you wont be in a bad spot without this money, so you can afford to do this. everyone keeps saying that the price will dip any time now, but they have been saying that since christmas. sure weve had brief dips but unless you had money on a exchange it was so brief it was hard to take advantage of.

some people think it may go down to 600 from 800, so a 25% lose, but nearly everyone is confident that it will be over 3k this year, a 375% gain (3k is a low number accepted by nearly everyone, many people talk of 10k)
so with those numbers buying in now is clearly a good choice. sure you may be able to buy more if it dips, but I dont care to gamble like that, small differance in a year or 2...


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: pietje on February 06, 2014, 05:51:45 PM
just buy and hold now. it sounds like you wont be in a bad spot without this money, so you can afford to do this. everyone keeps saying that the price will dip any time now, but they have been saying that since christmas. sure weve had brief dips but unless you had money on a exchange it was so brief it was hard to take advantage of.

some people think it may go down to 600 from 800, so a 25% lose, but nearly everyone is confident that it will be over 3k this year, a 375% gain (3k is a low number accepted by nearly everyone, many people talk of 10k)
so with those numbers buying in now is clearly a good choice. sure you may be able to buy more if it dips, but I dont care to gamble like that, small differance in a year or 2...

What he says.
Wouldnt go all in on btc now. Just hold like 25% fiat in case price drops even more, and else just hold your fiat and dont panic buy with it.


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: Cyberlight on February 06, 2014, 05:56:36 PM
BTC quickly losing popularity.

http://easycaptures.com/fs/uploaded/637/3446942191.png (http://easycaptures.com/3446942191)View Screen Capture (http://easycaptures.com/3446942191)

http://easycaptures.com/fs/uploaded/637/7436452349.png (http://easycaptures.com/7436452349)View Screen Capture (http://easycaptures.com/7436452349)
Thats because Mtgox, nothing to panic.

I think its the best investment ever, even now. Yes I also invested a lot, because I believe in the potential.

$ 1000 is cheap for a Bitcoin.


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: igorr on February 06, 2014, 06:05:25 PM
This is Beginning of the End and crytical mining factor coming at 5 cents per Gh at 24h !!!
(current mining factor is 14,7 cents per Gh at 24h)

https://bitcointalk.org/index.php?topic=420005.0


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: bitcoinsrus on February 06, 2014, 07:17:03 PM
i read the comments after mine on the 3rd page
thanks.  i appreciate the advice.  its like 780 and hopefully it gets lower so i can buy in
i plan to use coinbase but hopefully they dont cancel my "high risk" investment  ;) like they are known to do


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: kireinaha on February 06, 2014, 11:23:32 PM
I think 6BTC is enough for anybody btw. no need to spend all your money.

lol why six? why not five or ten? i'm in this for the cold hard cash. if my investments can't net me at least a million within the next couple years, then it's a waste of time.


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: knightcoin on February 07, 2014, 12:04:29 AM
I think 6BTC is enough for anybody btw. no need to spend all your money.

lol why six? why not five or ten? i'm in this for the cold hard cash. if my investments can't net me at least a million within the next couple years, then it's a waste of time.

Tesla 3,6,9 sequence ... that harmonics can create an earthquake and destroy a whole country ;) much more powerful than Fibonacci sequence ...  ;D

Stuff They Don't Want You To Know - Nikola Tesla
http://youtu.be/Vp0CYZ2s_cQ



Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: Ibian on February 07, 2014, 12:23:55 AM
I think 6BTC is enough for anybody btw. no need to spend all your money.

lol why six? why not five or ten? i'm in this for the cold hard cash. if my investments can't net me at least a million within the next couple years, then it's a waste of time.

Tesla 3,6,9 sequence ... that harmonics can create an earthquake and destroy a whole country ;) much more powerful than Fibonacci sequence ...  ;D

Stuff They Don't Want You To Know - Nikola Tesla
http://youtu.be/Vp0CYZ2s_cQ
And right next to it - Stuff They Don't Want You To Know - Loch Ness Monster.

I'm sure he was a great mind, but stories like an earthquake machine or wireless electricity are just ridiculous. It's doing him a disservice.


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: chessnut on February 07, 2014, 01:05:55 AM
I think 6BTC is enough for anybody btw. no need to spend all your money.

lol why six? why not five or ten? i'm in this for the cold hard cash. if my investments can't net me at least a million within the next couple years, then it's a waste of time.

6..... because thats roughly the same amount I have. nobody aught to have more than me.
the percentage of the global money supply you will own in this case is a disgusting amount. 6 BTC will make you a millionaire probably (assuming a binary outcome)


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: Cluster2k on February 07, 2014, 02:07:36 AM
I think diversification is the smart way to go. 

Bitcoin went from $10 to $1000 within a year in 2013.  Putting your life savings into bitcoin back then would have been extremely clever.  But imagine if you bought bitcoins at $1000 each (yes I know it's $738 at the moment, but I'm just using a rounded example) and the price went to $100 this year.  Many investors would shrug their shoulders and still be on a 10x gain.  They'd still be happy.  You'd be sitting on a near total loss. 


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: MatTheCat on February 07, 2014, 02:18:08 AM
i read the comments after mine on the 3rd page
thanks.  i appreciate the advice.  its like 780 and hopefully it gets lower so i can buy in
i plan to use coinbase but hopefully they dont cancel my "high risk" investment  ;) like they are known to do

Stop Stop Stop.

You started this thread when Bitcoin was about $815?

What was the advice that you received from the majority?

"BUY THEM BITCOINS NOW WHEN THEY ARE STILL CHEAP"

or

"DONT SPEND ALL YOUR MONEY AT ONCE BUT BUY NOW!"

Now that Bitcoin is sub $750. Shouldn't a whole lot of people on this thread be getting scored off your viable advice givers list? I have been arguing with many of these maggots more or less all the way down from the ATH. All they are ever gonna tell you is to buy and hold and if you take that advice in the middle of an extended bear trend, then you are screwed. Alright for them, their Bitcoins cost less than $100 and they desperately need mugs to pile into this market to keep up the nominal value of their investments. I advise that you don't spend a damn penny on a single Satoshi until Bitcoin start's giving strong technical indications that the bear trend has bottomed or is bottoming and the trend is finally reversing. If $700-$720 breaks, get ready for $500 Bitcoin! How would you like being the proud holder of $820 Bitcoins if that situation comes about?


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: dyask on February 07, 2014, 03:01:50 AM
Never invest more than you can afford to lose and are ready to lose 100% of. That means certainly don't invest "everything you have", at ANY price.

That is standard advice, but it isn't right for everyone.

In 1988 I had $12k and considered investing it all in Microsoft, but I didn't.
In 1996 I had $22k and considered investing it all in Apple, but I didn't.

The standard advice keeps you safe but it won't make you rich.


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: Cluster2k on February 07, 2014, 03:16:23 AM
Never invest more than you can afford to lose and are ready to lose 100% of. That means certainly don't invest "everything you have", at ANY price.

That is standard advice, but it isn't right for everyone.

In 1988 I had $12k and considered investing it all in Microsoft, but I didn't.
In 1996 I had $22k and considered investing it all in Apple, but I didn't.

The standard advice keeps you safe but it won't make you rich.

For every example where a lucky investor made a pile of money by betting everything on one or a handful of stocks, there are many more disaster stories of investors losing it all when the shares went bust.

Betting your entire bankroll on one investment will make you look like a genius if you get lucky, but it has a greater probability of making you look like an utter fool.


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: mgburks77 on February 07, 2014, 05:53:17 AM
Quote
I want to invest everything I have in bitcoin this year

I think tonight's the night


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: Oldminer on February 07, 2014, 11:05:36 AM
Hello.  I wanted a good investment and literally just heard about btc when it was $1,100
Is there anyone that can tell me what they think btc will climb to by september-december 2014 (this year)

do you guys think it will go to 2k by march or april like I have read before
or do you think it might go to 5k or 10k by december (many months from now)

i am looking to hold for a few months, please give me advice

and please give me better option than coinbase (had a bad experience with them because right after I bought a few coins they locked me out of my account for 3 days)
local bitcoins looks promising but most sellers charge too much (bitstamp i dont like because ripple bs)

is there a good exchange
i hear btc-e
do you all agree and someone fill me in on btc-e plz
is it bank transfers like coinbase and how fast do you get btc and can you sell instant or transfer to coinbase and sell to them


I'll see you some. PM me.


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: dyask on February 07, 2014, 11:39:09 AM
Never invest more than you can afford to lose and are ready to lose 100% of. That means certainly don't invest "everything you have", at ANY price.

That is standard advice, but it isn't right for everyone.

In 1988 I had $12k and considered investing it all in Microsoft, but I didn't.
In 1996 I had $22k and considered investing it all in Apple, but I didn't.

The standard advice keeps you safe but it won't make you rich.

For every example where a lucky investor made a pile of money by betting everything on one or a handful of stocks, there are many more disaster stories of investors losing it all when the shares went bust.

Betting your entire bankroll on one investment will make you look like a genius if you get lucky, but it has a greater probability of making you look like an utter fool.

Well I used to think that way and I lost and lost and lost.  Safe just keeps you working.  $12k isn't that much money and if he isn't going to starve his kids why not take a flyer?  $12k is pretty easy hit to recover from.    It is rare when investing so little can return so much.    Now I know the truth, it is better to look like an utter fool than to be one.  

I never meant someone that has scored really big that got there the safe way.   On the other hand you have to understand the risk and be willing to lose it all.  


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: Luckybit on February 07, 2014, 11:54:50 AM
Hello.  I wanted a good investment and literally just heard about btc when it was $1,100
Is there anyone that can tell me what they think btc will climb to by september-december 2014 (this year)

do you guys think it will go to 2k by march or april like I have read before
or do you think it might go to 5k or 10k by december (many months from now)

i am looking to hold for a few months, please give me advice

and please give me better option than coinbase (had a bad experience with them because right after I bought a few coins they locked me out of my account for 3 days)
local bitcoins looks promising but most sellers charge too much (bitstamp i dont like because ripple bs)

is there a good exchange
i hear btc-e
do you all agree and someone fill me in on btc-e plz
is it bank transfers like coinbase and how fast do you get btc and can you sell instant or transfer to coinbase and sell to them


If you can hold for as long as you can. A few years is more profitable than a few months. More companies than ever accept Bitcoin so just spend it.


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: bitcoinsrus on February 07, 2014, 12:55:56 PM
i think soon might be time to invest


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: boumalo on February 07, 2014, 03:41:17 PM
I think 6BTC is enough for anybody btw. no need to spend all your money.

lol why six? why not five or ten? i'm in this for the cold hard cash. if my investments can't net me at least a million within the next couple years, then it's a waste of time.

Why a million and not 800,000? or 700,000?

I am not looking to be rich in fiat money, it is more interested to have a lot of purchasing power..


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: pietje on February 07, 2014, 04:45:11 PM
If your a gambler, buy now.
Else just wait it out for a few days.


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: MatTheCat on February 07, 2014, 05:13:57 PM
If your an gambler idiot, buy now.
Else just wait it out for a few days.

Fixed that for you.

The bounce has already largely played out. Bitcoin at $748, previous strong support level will have now turned into strong resistance level at $765.

Who in their right mind would buy now?

Edit: But the OP is destined to get slaughtered. He came in here screaming for advice at $820. He got told from a big bunch of Bitcoin Nutters to buy now while them coins are nice and cheap. Since the coins have been $100 and even $200 cheaper, the OPis running back to the same old Bitcoin Nutters screaming for yet more advice.


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: BitcoinAshley on February 07, 2014, 06:23:05 PM
Op should use his $12,300 to short bitcoins on leverage.

Historically, people shorting bitcoin on leverage have failed since the overall trend is up, but you might get lucky.

Definitely don't buy now. Bitcoin is crashing! We'll see $400 this week, mark my words.

China, Russia, Indonesia have banned bitcoins, this is not going to end well.


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: MatTheCat on February 07, 2014, 06:49:48 PM
Op should use his $12,300 to short bitcoins on leverage.

For him to be able to short, he would have to go to Bitfinex.

After MtGox, Bitfinex is the second last Bitcoin exchange that I would be comfortable having my funds on. From the Bitfinex hack of just a couple of days ago, someone got totally fkn robbed blind. If it was Bitfinex users who are taking the hit, then that is bad news. If Bitfinex itself takes the full impact of the hit, then they themselves could be finding themselves in an insolvency situation or at the very least, having liquidity problems.

Not somewhere where I would want any of my USD or BTC.


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: Dalmar on February 07, 2014, 06:56:31 PM
For him to be able to short, he would have to go to Bitfinex.

After MtGox, Bitfinex is the second last Bitcoin exchange that I would be comfortable having my funds on. From the Bitfinex hack of just a couple of days ago, someone got totally fkn robbed blind. If it was Bitfinex users who are taking the hit, then that is bad news. If Bitfinex itself takes the full impact of the hit, then they themselves could be finding themselves in an insolvency situation or at the very least, having liquidity problems.

Not somewhere where I would want any of my USD or BTC.

You can also go short on BTC-E through meta-trader. Although it's not as user-friendly as Bitfinex.


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: MatTheCat on February 07, 2014, 07:00:48 PM
You can also go short on BTC-E through meta-trader. Although it's not as user-friendly as Bitfinex.

Really?

I will look into that.....although if it is less user friendly than Bitfinex, then I may have problems. My first attempt at shorting on bitfinex resulted in $350 dollar losses as I thought I was setting stop losses and cash-out limit orders, only to find that I was triggering market buy-ins in a retreating market.....I panic closed everything immediately at took the hit.

If there is short selling on BTC-E that may explain the more erratic chart behaviour also, as the bots farm Honest John Muggins' margin calls.

Bitcoin exchanges are full of fkn crooks. Pity about that.


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: keithers on February 07, 2014, 07:04:17 PM
Op should use his $12,300 to short bitcoins on leverage.

Historically, people shorting bitcoin on leverage have failed since the overall trend is up, but you might get lucky.

Definitely don't buy now. Bitcoin is crashing! We'll see $400 this week, mark my words.

China, Russia, Indonesia have banned bitcoins, this is not going to end well.

would you like to make a small BTC bet that BTC will not hit $400 within the next 7 days?


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: Dalmar on February 07, 2014, 07:08:28 PM
Really?

I will look into that.....although if it is less user friendly than Bitfinex, then I may have problems. My first attempt at shorting on bitfinex resulted in $350 dollar losses as I thought I was setting stop losses and cash-out limit orders, only to find that I was triggering market buy-ins in a retreating market.....I panic closed everything immediately at took the hit.

If there is short selling on BTC-E that may explain the more erratic chart behaviour also, as the bots farm Honest John Muggins' margin calls.

Bitcoin exchanges are full of fkn crooks. Pity about that.

Yes, but you can only do it on a third-party application called meta-trader, not through a web interface.
BTC-E despite its 'anonymous' nature is quite a smooth running exchange, although use 2FA to be on the safe side from hackers.


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: mgburks77 on February 10, 2014, 04:34:14 AM
I think 6BTC is enough for anybody btw. no need to spend all your money.

lol why six? why not five or ten? i'm in this for the cold hard cash. if my investments can't net me at least a million within the next couple years, then it's a waste of time.

Tesla 3,6,9 sequence ... that harmonics can create an earthquake and destroy a whole country ;) much more powerful than Fibonacci sequence ...  ;D

Stuff They Don't Want You To Know - Nikola Tesla
http://youtu.be/Vp0CYZ2s_cQ
And right next to it - Stuff They Don't Want You To Know - Loch Ness Monster.

I'm sure he was a great mind, but stories like an earthquake machine or wireless electricity are just ridiculous. It's doing him a disservice.

erm... about wireless electrical transmission:
http://en.wikipedia.org/wiki/Wireless_power

the actual patent for Tesla's transmission device:
http://www.google.com/patents/US1119732


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: Ibian on February 10, 2014, 04:37:49 AM
I think 6BTC is enough for anybody btw. no need to spend all your money.

lol why six? why not five or ten? i'm in this for the cold hard cash. if my investments can't net me at least a million within the next couple years, then it's a waste of time.

Tesla 3,6,9 sequence ... that harmonics can create an earthquake and destroy a whole country ;) much more powerful than Fibonacci sequence ...  ;D

Stuff They Don't Want You To Know - Nikola Tesla
http://youtu.be/Vp0CYZ2s_cQ
And right next to it - Stuff They Don't Want You To Know - Loch Ness Monster.

I'm sure he was a great mind, but stories like an earthquake machine or wireless electricity are just ridiculous. It's doing him a disservice.

erm... about wireless electrical transmission:
http://en.wikipedia.org/wiki/Wireless_power

the actual patent for Tesla's transmission device:
http://www.google.com/patents/US1119732
Hey, that's great. So what's this wire doing in my laptop?


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: Cyberlight on February 10, 2014, 08:31:43 AM
Already invested OP ?


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: igorr on February 10, 2014, 12:56:10 PM
LOL, the price on BTC-e 102 usd 

Check,
http://easycaptures.com/fs/uploaded/641/7070778456.png (http://easycaptures.com/7070778456)View Screen Capture (http://easycaptures.com/7070778456)


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: stompix on February 10, 2014, 01:02:09 PM
iF you invested in doge coin just few days ago like me now you would have 30% more now..block halfving is just in few days so price jump was so obvius ..i bought at 145 satoshi just few days ago and now is 200 and i bet it will rise more

My chart is saying 190 , so  it's going after the btc prices in the pond.


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: Richard Branson on February 10, 2014, 01:08:49 PM
iF you invested in doge coin just few days ago like me now you would have 30% more now..block halfving is just in few days so price jump was so obvius ..i bought at 145 satoshi just few days ago and now is 200 and i bet it will rise more

Problem is:
You didn't gain 30%. Doge was stable (measured in fiat) and btc dropped.
It's the same with people which hope btc will be 100 million per coin. Problem is: 100 million usd will be worth nothing at that time (hyperinflation).

You need the compare the value of a cryptocoin with real world goods not with other coins.


Title: Re: I want to invest everything I have in bitcoin this year ($12,300). 2014 specs?
Post by: stompix on February 10, 2014, 01:13:19 PM
iF you invested in doge coin just few days ago like me now you would have 30% more now..block halfving is just in few days so price jump was so obvius ..i bought at 145 satoshi just few days ago and now is 200 and i bet it will rise more

Problem is:
You didn't gain 30%. Doge was stable (measured in fiat) and btc dropped.
It's the same with people which hope btc will be 100 million per coin. Problem is: 100 million usd will be worth nothing at that time (hyperinflation).

You need the compare the value of a cryptocoin with real world goods not with other coins.

And unfortunately you can't to for the alts coins as their ties with the real world and commerce are so thin and consist mainly out of gambling and t-shirt sellers.