Bitcoin Forum

Been lurking on these forums for a while, but this is my first post. I currently own 1 bitcoin that I bought around 420 a while back. I have some "extra" money set aside and thinking about buying 5k in bitcoin. I have been closely following the last couple of weeks and reading all that I could. I wanted to buy when it was down to 350 but I didn't have all by Coinbase stuff verified.

I have looked at a lot of the graphs posted (including the paint one... nice) and was just wondering if we can get some good conversation on when would be the right price to buy. I believe it is going to go back up and even if it goes up 100$ I figure with 10 coins that would be a nice little investment. Even better if some of the higher speculations come through

I'd reccomend waiting for confirmed mid-trend reversal, or you could use a phased buy-in strategy where you buy in $250 per week for the next 20 weeks. Coinbase has some feature to do something like that I think.

Start buying in under 400 and finish buying in around 100. You will probably only get half your orders filled, but you won't miss out on the outside chance of getting bitcoins at $100. I will save a little cash for that as an effective antidepressant, should we go that low. 

Keep reading (don't buy now in the middle of a bearish market), you will thank us later.

This is actually decent advice surprisingly(no offense meant TERA, some of your post's seem somewhat bearish imho). Cost averaging over several weeks during this down turn will limit your overall liability. I would recommend this only if you plan on holding long term(1+ years). From what I have been able to glean, 3rd and 4th quarter of this year should be exciting(exponential price increase past ATH). As with anything crypto, YMMV. Only invest what you can afford to lose.

please excuse my noobness but how do we know about the mid-trend reversal and when will btc come out of it? Not really sure I know the meaning of the term. I have been watching for the last couple of week and it has been hovering around 430-450.

 I obviously want to buy low, but do most people think it will go down that low? around 100. I thought 350 was pretty low.

I like the idea of the phased buy in I just don't want to miss the next jump. Also the 5k is money "I can lose" so I won't be living in a box haha, nobody likes to lose money. Would be nice to make some money.

Do people really think btc will go back up to 1000+ 2000+?

Yes. Most people with more than a year or two of Bitcoin experience seem to think so.

Many people who didn't learn about it until last year don't agree. They tend to view Bitcoin as an investment rather than as disruptive technology and even go so far as to condescendingly refer to Bitcoin as a "cult". Some are even so clueless as to treat bitcoins as if they were shares of a company.

Most experienced Bitcoiners preach holding rather than daytrading. They know that adoption has barely begun.

It depends on your risk sensitivity.

-Less risky is to just buy now with all 5K.

-More risky is to use dollar-averaging, as TERA suggested. (He is less optimistic that average so most people here would probably say that 20 weeks is a bit too long. You can run a poll, to find it out).

-And the most risky is trying to catch the bottom, i.e. wait till the price drops to 350 or 100 or whatever you believe it will drop to.

Wait until everyone starts panicking about some stupid nonsense.

That is a great time to buy.

+1

Hasn't that been the past few months with all the China FUD? 

Personally, I think now is a great time to buy.  It appears we have reached final capitulation from the last bubble.  Perhaps it will dip a little more with all of the China FUD but it will most likely stay close to $400 and when the price rises it rises really fast.  We will blink a few times and the price will be $500 then $600 and even $700 or more and it can happen in a single day.  The panic buying this time will be pretty crazy I believe.  I am not a day trader though.  I have just been buying and holding for a year now so take my advice with that in mind.

I think buy in everything now right away. I don't believe in slow accumulation.

Think if you wait a week we might see 350-375

But buying is a good long term call

It depends on the risks you wanna take.

Risk that it will go below the low of this year or risks to miss the train.

From what i understand, you will be keeping for long term if it was to go as low as 100 but you may panic buy if we see a sharp increase in the near future... Let me know if i m wrong here.

In that case i would advise to buy now and hodl until you reach your target. For you target read this :

https://bitcointalk.org/index.php?topic=400235.0 (https://bitcointalk.org/index.php?topic=400235.0)
and there is another thread using a similar methof for entry/exit signal but i didn t find the thread.

Look, it sounds like you don't have the experience or knowledge to be a trader. So you aren't going to find the lowest possible entry point. Its a volatile market.

If you are going to invest 5k and its a long term investment, you have to be okay with it going down 50%+ from your original investment point. For instance if you buy now at $430, if it drops to $270 you have to be okay with that.

I think anything around $400-$430 would be "okay."  $340-$360 would be "good."  $270-$300 would be "great" and $150-$180 would be "fantastic." 

Of course your only guarantee is $400-$430 today. Nothing else is guaranteed. Including future profits.

I agree, I have bought all in but about $10k I set aside for somewhere under $420...was hoping for some panic but think we will see bottom in the next week.

The price is going to drop more, so I would wait.

We had a strong median-term support at 380 on Bitstamp. This support was breached with a dip to 339. I doubt the trend will be reversed without a double bottom or a value higher than 339, but near it, clearly below 380.
And with the problems in China (there is also the vague risk of a dump of many bitcoins on Gox liquidation, but they are not crazy, they will sell slowly), one never knows how low it can go.
Until I see a breach of a bearish trend line starting on 903 and now around 479, I'm staying out.
But take in account that I couldn't know less about the future price. Technical analysis is all about probabilities. Read with scepticism any person saying the contrary.

Use this money to invest into companies that actually do something useful. If you want to invest into cryptocurrency, then invest into the exchanges or payment services. Or better yet, create your own company, so you will have proper overview and control over your investment.
Buying bitcoin for anything more then with the amount that can be played at the casino is foolish. Buying bitcoin will only fuel the arms race for mining, that in turn is based on pure stupidity because no one and nothing gains from an bigger mining network.

Someone tried to catch the bottom, but just got covered in shit! :]

The question to ask yourself is can I afford to loose $5000? This money will be gambled and it is possible that you will end up with nothing. It is not likely, but possible.

It's a good time to buy for the long run, but keeping in mind that this asset has risen 8000% in year, we gotta be prepared for some bad volatility. no surprises if we drop 50% before up 500%.

the place is swarming with bears, let that be a comfort to you.  ;)

I'm not sure we'll see it drop below 400, seems like there is a lot of buy support around 400

Public service announcement:
Lose = be deprived of or cease to have or retain (something).
Loose = not firmly or tightly fixed in place; detached or able to be detached.

actually, always keep a little fiat on the side. If it drops lower it helps to not panic sell

Perhaps buy half now, do the $250/week thing for the rest?

my best estimate is that the downtrend continues for 3 weeks.  I also generally recommend dollar cost averaging.

http://pastebin.com/0aNm4tZ5

it will maybe helps you to make up your mind. It s from @btcdrak on twitter.

Best advice I have ever heard in the last 14 months:   Buy now.    Don't wait.   Don't try to figure it out.  Just "get in" and cold storage your coins.

In 5 years you're going to be sitting on a fat profit, no matter what.

If you can't wait 5 years, then be a little more careful on when you buy, because you'll be selling before the true money is made, and every little bit will count.

-B-

Same story :)

dollar cost averaging is a much better strategy in a bear market, which at last check, we're definitely still in.

thanks for the great comments/advice everyone. I think I'm gonna hold off and see where it goes in the next couple of weeks. Maybe buy 2 coins now around 420..... This is money set aside, def don't want to lose it, and it is either bitcoin or set something up with usaa for investment. I don't know much about investing so I would just get started with them working me up a portfolio. Might even be considering something around 10k. I just feel like my cash is losing value if you know what I mean


How does one go to cold storage when I am using something like coinbase?

if it's for the long term. I'd suggest multiple backup paper wallets + usb. dont keep in exchanges too long as we may never know what will happen in the future but your coins will be safe for sure.

there's lots of info out there. end of the day it's your $ so invest wisely.

You can't time the market; just buy now and hold for at least a year - you can thank me later :)

I don't think we will go much lower.

The BTC network is as stable as ever. Only thing bringing us down are the Chinese speculators.

The BTC features haven't changed, actually they have improved.

Its time to buy, like right now. Its going to go up on May 10 cause there is no more selling pressure from china :)

I wish I could blame spell check, but it's me.  :'(

I will definitely buy more as soon as I see it under $400.

Edited- Thank you grammar poolice.  :-*


Sub $400 is not going to happen again imho.

If you spend at least $500 on Namecoin the % return should be higher.
Also ~$2,500 on BTC is a good idea since the market is already down over 60%.

1. Download the Bitcoin-QT wallet onto a virus-free updated (but unused) PC.  Make sure it has at least Windows 7 and Microsoft Security Essentials (which is free).
2. Leave Bitcoin-QT running for about 5-7 days to download the blockchain (hope you don't have download caps).  
3. Encrypt the wallet with something reasonably long (32 chars+) that you can easily remember, preferably something that isn't written that way online.  (So add a password to your favorite passage, something like that.)  Print this key and keep it somewhere safe.  Or generate a very long password (64 chars+) in LastPass or KeePass if you use those.  IF YOU FORGET THIS PASSWORD, YOUR BITCOINS ARE GONE FOREVER.  IF SOMEONE ELSE GETS THIS PASSWORD AND A COPY OF YOUR WALLET, THEY CAN STEAL YOUR BITCOINS FROM ANYWHERE.
4. Generate a Receive address in Bitcoin-QT by going to File|Receiving Addresses.
5. Click New.  (Use a new address every time you send coins for additional anonymity and security.)
6. Right-click the new address and select Copy Address.
7. Go to Coinbase.com.
8. Send Money to BTC address.  Paste the address.  DOUBLE CHECK THE ADDRESS BY EYE THAT IT MATCHES YOUR WALLET!
9. Wait up to 10 minutes for it to show up in your wallet.
10. Backup wallet to at least 3 places: CD, USB stick, backup drive, SD card, etc.  BACK UP AGAIN ANY TIME YOU ADD COINS TO YOUR WALLET.
11. Turn off PC and don't turn it back on unless you want your money.  When you turn it on, patch it fully and reboot first before accessing your wallet.
12. To move your bitcoins back to Coinbase, go to Coinbase.com, select Settings and Bitcoin Addresses and send from Bitcoin-QT to any address there (or make a new one for extra security).

I'm sure someone else can tell you about paper wallets and braindice and other stuff, but IMO this is the easiest way for an average person to have a reasonably strong security.

I have no doubt Bitcoin will once again touch the sky but we are clearly in a downtrend right now. I'd wait for $350-$400 myself before buying in. Sub $400 may not happen so to be safe, get ready to buy when it touches $400. What's the worst that can happen? Temporarily go down to $140 or so? What's the best that can happen? The Winklevii are proven correct  ;D

The worst that can happen in the Winklevii are correct and he's still got $2500 in fiat because he was being too careful.

yea I have been watching it daily, I am not investor, but I just don't see the price dropping that much. I am worried about not getting in and the price jumping up. I have been waiting for less than 400 but just doesn't seem to be happening.

If you had bought two days ago when you first posted, you'd already have made about $197.

On May 5th, $5000 / $430 = 11.62 BTC

Today's current btc price is $447, so $447 * 11.62 = $ 5197.67.

People who wait for cheap coins get neither cheap or any coins.

Keep waiting, noobs!

Beware of used-bitcoin salesmen. They need guys like OP

http://investor.gov/news-alerts/investor-alerts/investor-alert-bitcoin-other-virtual-currency-related-investments#.U2qrbHVdWlh

My BTC has low mileage and a brand-new transmission.  :D   

Yep, rarely do people get in or out at the peaks or valleys.
Key is to buy in or cash out at a place you feel good about...and don't think twice about it.

This fantasy sub 300 is for the crack smokers of this world...go hungry bear biatch as u's have missed this freight train

My used bitcoins are not for sale, sorry. Very few people in their right mind would sell now :)

Beware of noobs saying "Beware of used-bitcoin salesmen."

There's a reason why these noobs have 0 coins and 0 $'s.

you are also forgetting the bitcoin fees. I was hoping for sub 400, gonna wait for about 5 more days and see what happens. Hoping to at least get 420-430 and then gonna buy. This will def be for the long run for me

We just hit $439.  Maybe you'll get your wish.

Still waiting for the price, but doesn't look like it will happen. thinking about splitting up the 5k and buying 5 coins, then an oz of gold and setting up some type of entry mutual fund with USAA. Might invest more in the near future

Seems that we've bottomed and are due for an upward surge. I'd throw in 20-25% of your money now, then wait a couple days and see what happens.

We don't know if we are in the middle of a bearish market or at the end of it; if he wants to buy 5k$ there is nothing wrong with that, he could buy 1k$/month for 5months to get a cheaper price in case it tanks with the risk of paying more if the price goes up

I decided to only buy a couple of coins and see where the price goes for a couple more days. So I have 3 coins total with 2 bought at 450 and one right around 420.

really kicking myself for not buying when it was at 350 not to long ago.. didn't have my coinbase all the way setup yet and hadn't done that much research

Buy more right now cause in 1 month times you will regret again...

Bitcoin fees apply regardless of whether price is low or high. You may pay higher % if you are buying at higher price but the difference is not that great. Or, are you trying to tell me that you won't pay $2 for a $197 profit???

I was just implying that with the fees for buying and selling the profit wouldn't have been 200$. Coinbase fees are 1% plus a small bank fee, I bought 2 coins last night and the fees were almost 10$. So if I bought 5k worth of coins that would be 1% and then when I sold 5k that would be another 1%

I will be buying more coins shortly

So I have purchased 4 coins at about 440-450 over the last week or so. I now have a total of 5 coins, thinking about going 2-3 more coins in the next week or so again. Price has been pretty consistent at around 440-450

How do you feel is the important question.  8)

put up some  mini wall 100btc  when ppl sell and let them sell right into your wall..

make a stair down to 400 ish with those 100btc mini walls..   

i think we might try to go 400 at best..      last 1k sell just retraced completely   so anyone betting on lower prices are taking a big risk..

i'm buying each month after paycheck comes in. .whatever the price is below 500$ is fine by me.

I would recommend dollar cost averaging especially during slow times like this.  Don't want to be caught with only 1 BTC next time it skyrockets.  Last year in 2013, it was pretty much sideways from April to August and it looks like we may see similar this year.

What I like to do, is buy on bad news (FUD) when everybody is selling  (Gox, China Bank Ban, etc...).  

I'm thinking the next FUD might be China closing some huge exchange like OKcoin or Huobi.  That could easily bring BTC into the 300's.

The price is very steady and stable

Don't forget to protect your coins.

gonna buy 2 more for a total of 7.

I still don't see where I can take my coins out of coinbase to "secure" them. Seems to me you guys are saying to take my money out of my bank account, but instead we are talking about bitcoins?

You can, for example, transfer them to a paper wallet address. As long as you don't own the private key, you don't really own your bitcoins.

https://www.bitaddress.org/

Here is a good guide: http://www.reddit.com/r/BitcoinWallet/comments/1p6y5c/secure_paper_wallet_tutorial/

It is much better to buy $5k in Bitcoin now, than to pay $5,000/BTC later.  :)
The longer the current bottom holds, the riskier it gets to be in fiat garbage.

One can use the rest of 2014 to slowly accumulate XBT/BTC.
Say, use 5 % of your income to steadily buy BTC every two weeks. Even if it goes to zero eventually, your losses will be limited.
If, on the other had, BTC will be THE MONEY in 10-15 years, relatively small amounts of BTC accumulated now will be very valuable later on.

It would be safer to wait for a breach of the 3457 (about 550 usds) on Huobi or, at least, for a breach of the 2872 (460). Those are previous tops that now are resistances to increases of the price.
Check also this: https://bitcointalk.org/index.php?topic=596570.msg6786605#msg6786605

You should definitely jump in now before the stability breaks and we are riding the wave all the way to the new ATH!

Lol once the uptrend starts it will be a rocket!

the levelling out of the BTC price right now around $450 is exactly what i predicted and in a few months it will go exponential again.
Now is definitely the time to buy. Maybe  it will go down a bit to $350 but not much less.
After hitting an all time high of $10,000 next year after a big sell off it will probably level off at over $2000 so then we will be in the new era of mBTC prices. As long as the price doesn't sink below 1$ per mBTC for a good few months that is.
Then it'll be a whole new thing.

(sorry did I mention I have a psychic time machine?)

Sounds legit, the volume supports it.

To buy at 450 now when you might have the opportunity to buy at 350 (your number, not mine) doesn't look sound to me.
This low volume on a small short-term uptrend (it went from about 430 to 452 on Bitstamp), followed by this current prolonged top at 450 with slow decline, seems to reveal exhaustion of the bull side. I can say the same about Huobi.
But make your own decisions.

I would go ahead with it. Bitcoin is incredibly well priced now for buying. It's experienced a huge drop, but there is still a lot of upside potential with it, so definitely, it's a great buy. I would put more in if you could, but only as much as you are willing to lose.

I was only able to get 5.14 bitcoins total before this little jump, with most being 420-450. Coinbase decided cancel 2 of my coins because of security reasons which really seems fishy to me. I obv don't want to buy on the higher side but I will see where the price ends up and maybe get a couple more coins.


Seems like the price is going to continue to climb?

I have been watching this thread as well, and am curious as to others thoughts on this rise too.  I don't have the money the OP had to invest, but I have been holding a small bubble of fiat for 1-2 coins, with the hopes of catching it before the next rise.

Is this the rise that should bring fence watchers like myself into the game?

Probably. I never sold, tbh, so I don't have fiat, but I'm considering going leverage long all of a sudden. Its pretty clear its some kind of breakout. However, if you'Re going to need the fiat in the near future I'd advise against it. If you can hold out for like 2 years worst case scenario, then yep I'd definately strike. I think the odds of it doubling in the next 2 years are higher than the odds of you being able to get a significantly preferable price. And by significantly preferable I mean < 400.

I'm curious, what price was BTC at when your charts confirmed the trend reversal?
....or are we still not there yet?

Buy now, after the next bull run we will never see below $1k anymore.

I think the OP is too late now. He will be fighting for 2100 satoshi 2 years from now ;D

Not sure what you mean, what am I am to late for? I already have 5.14 coins that I bought at/under 450 and it is up to 530. Not sure where else I can make that kind of return on investment this fast. Even if I buy at 530 and it goes up, nothing beats the return. (at least to my knowledge)

You can buy Ripple  ;D

Having some bitcoins and some precious metals is a good edge against hard economic times

Awesome job, man. I don't think you could of timed your entry point much better this year.  Enjoy the ride!

LOL wonkytonky :D  He wants to invest 5k USD, not buy 5k BTC ;)

And to think that I was called a used car salesman for telling the OP to buy now when he posted the thread.

OP could have gone all-in. Instead he chose to listen to the noobs and bears.

$400/btc won't come back for most of us; there may be a flash crash for a chosen few. Self-fulfilling prophecy or not, this summer will bring a major bubble, solidly putting the rocket up to the $5000 range. It will crash down to $2500.

What value do you see that will be added between now and Summer that will push the price so high?

The mit students will take place on atumm, that can be the trigger for a new bubble that can take the price up to 5000, but the rest of this month i dont think it will be worth more than 600

Only thing that could cause another massive bubble is the winklevoss ETF causing a domino effect in wallstreet causing hundreds of companies to take a posistion in btc.  Otherwise we will just see small consistent growth as adoption grows.

majority of MIT students will sell their BTC immediately and convert their earnings into pizza & beer  ;D
(nevertheless an interesting experiment, which generates media attention for BTC)

The MIT news is cool and could help in the long run but I tend to think most will sell for some fun times on the weekend. I mean they're only freshmen what do care about making a big change in the world? 

The BTC ETF, if successful, could be a game changer as it allows the average joe to profit from BTC without having to use shady exchanges.

Perception on Bitcoin will change when the world of finance will change

In fact i think $600-$800 its like the $80 on 2013, some people were thinking it was on "price" while it was extremely cheap.

And yes, OP will probably will start buying when 1000 satoshis = 1 usd.

Value?  Bitcoin had all the value it really needed by 2011.  What will push the price up from here is simply exponential growth.

I def considered your opinion when I bought some coins, I feel everyone has given me great advice. Obviously I regret not going all in when it was 350-450 but I was concerned with it dropping down and then I go belly up haha. Had I known that it was gonna go close to 600 I would have bought in more but the piece of mind is also worth something. I am now up to 7 coins with 5 bought around 420-460 and then I bought 2 more yesterday when the price fell to 550 (now back up to 570-80)

So if your prediction is right over 1k up to 5k I will still be making a nice chunk of change and I'm feeling pretty solid with the money I spent on my 7.14 coins. If it tanks I will still be eating.

If anyone can give me a guarantee I will put 20k in bitcoin  ;) thanks for all the tips/opinions. Really helped me with my first post and with bitcoin investing in general

Just remember, when it does tank, it's a temporary situtation. Don't panic sell for some pizza.

I can give you this guarantee: you are buying at the lowest point of the year.  I envy your entry position.  I seriously doubt we'll see lower than this.  But on downswings don't panic, keep holding.  And plan on a 1-2 year hold.  Because chances are that just about the time you are thinking about selling for whatever reason, it'll go parabolic.

Lowest point of the year? You're selling BTC for $340? ;)

with the jump up in price I am already around 4300 with 7.14 bitcoin, I think I'm gonna hold off on buying more and see where this goes. Hopefully I can make some decent money. Thanks again to everyone for the advice

4300/7.14 = $602.24 average price

is that correct? if you bought in the 400s and 500s you should have more BTC.

not sure maybe my math is off or something to do with the fees. Here is what I have. the 906$ on may 14th got canceled by coinbase which really pisses me off and cost me a little bit of money

Buy    1,126.46 USD       2.00 BTC    11.30 USD    557.58 USD    Pending    May 27, 2014
Buy    64.24 USD          0.137 BTC    0.78 USD    463.21 USD    Completed    May 20, 2014
Buy    935.77 USD       2.00 BTC    9.41 USD    463.18 USD    Completed    May 20, 2014
Buy    906.79 USD       2.00 BTC    9.13 USD    448.83 USD    Completed    May 14, 2014
Buy    919.41 USD       2.00 BTC    9.25 USD    455.08 USD    Completed    May 10, 2014
Buy    312.78 USD       0.745 BTC    3.25 USD    415.48 USD    Completed    Apr 9, 2014
Buy    16.07 USD          0.035 BTC    0.31 USD    450.29 USD    Completed    Apr 3, 2014
Buy    94.57 USD          0.22 BTC    1.08 USD    424.95 USD    Completed    Apr 2, 2014

ah, that sucks. i guess i've been lucky never having a problem with coinbase. 

assuming that Coinbase returned $906.79 to your bank account, you have only spent $3469.30 for 7.137 BTC. so your average price comes to $486!

Oh, yeah, you don't want to buy .035 BTC at a time.   The fees will kill you.

pretty sure the fees are just 1 no matter if you buy .001 or 25 coins%??

Yea they returned the money. (was never taken) they claim my bank gave them a nsf or what ever saying it was declined but I had money in there so who knows. Maybe with all my transactions the money was short just at the right time. I haven't had any other problems though and am pretty happy with the ease of coinbase

I know prices are pretty high right now, but I'm thinking about buying 1-2 more bitcoins. Are people still buying at these prices? There are a lot of speculation posts about coins still rising in price

People gotta buy to keep the price rising. I've just picked up another one.

Haha, thanks for the contribution ;)

I think about it like this - we're still far below the previous all time high. If you're in it for the long term, this is the safe buy zone. Bitcoin has never fallen below the previous high from the last bubble ($31, $266, now ~$1150). You can feel relatively confident knowing that after the next wave of adopters the price will never drop below $1150 again.

This happened to me once before, and this is how I got them to reinstate the trade.

Step 1: withdraw all your coins.
Step 2: Send a very polite email to coinbase, saying you are happy with their service, and say that you noticed they cancelled one of your 8 purchases. Tell them you would like them to reinstate the purchase. Point out to them that they approved a bunch of other trades and there is no reason this one should be considered "high risk." (Note: this is why you withdraw your other coins first, in case they decide they want to reverse ALL your trades for no good reason.) Point out that of all your major trades, the one that got cancelled was at the lowest price. Although you do not think this is the case, to an outside observer, it might appear that they were selectively canceling purchases after a significant rise in price.

Make sure to be polite and non confrontational even as you accuse them of doing trade cancellation in an underhanded way. It will make them more likely to respond favorably. I actually believe Coinbase when they say that sometimes trades get cancelled by mistake. I still trade with them.

I wonder if they selectively cancelled trades or not

I will reccomend you to use ANXpro , the new trusted exchange which currently the fee for trading is only 0.02%! , and now have SEPA banking system available as well as hotkey suppor for trading.

Regards

ANXPRO (https://anxpro.com/?utm_source=forum_referral02&utm_medium=link&utm_campaign=marketing)

I have been pretty happy with Coinbase, I have spoken with them multiple times and the said my bank gave them a NSF so technically they didn't cancel it. I was moving money around so maybe it happened just at the exact right time to not go through.

Other than that I am up to 9 coins with average cost of 518, so I feel like I'm doing pretty good. Total just under 4700 spent


I might look into ANXPRO to diversify a little when/if I decide to buy more coins

Hmm I basically did the same thing. (with an extra .3 so 9.3 now). You and I should hold each other when it comes crashing down to 200$ :)

congrats.. holding 10ish coins for a few years might turn out to be a lot more than you put in. it's something like a $5,000 lottery ticket with much, much better odds.

Just hold them for the next 5 years, with the exponential rising of btc value you will be rich with only few bitcoins.

I think 10BTC is a nice amount to have in case it goes huge

100BTC or more is what you want if you want to make a huge profit without Bitcoin going to the moon