Bitcoin Forum

And it might be like that for years to come.  In fact, now might be a good time to short BTC.

This is the 1st year in which BTC has gone down.  And a new trend might be setting in.

https://i.imgur.com/MaNLV4F.png

Looking at charts and making such predictions is futile as it's all speculation. Nobody can predict what the price will be today tomorrow or two years from now.

You are drawing your vertical black lines in the wrong place.

Try again, only this time draw your lines at September 1.

Then re-calculate your annual increase for the new ranges.

I am a new comer and not much experienced on BTC. The chart seems to me very difficult to understand. Please help me.

It's easy to understand: it's bullshit

Bitcoins are best as a long term investment so buy them now. If they blow up tomorrow then you waited to long.

What are you talking about?  Notice the question mark after 3x Decrease?  Its a speculation that perhaps for the year 2014 that bitcoin will not have increased.

If I draw 3 lines and write "x2847 increase?", that would still be bullshit. Even with the question mark.

I already explained. You drew your black vertical lines in the wrong place. Try again with the black vertical lines on September 1 of each year. Then read calculate the increase for each year and you will get a much more accurate number

haha
+1

I understand since sept 1, even this year it will have gone up... but we will see in the next 3 months...  i highly doubt it will go up for the entire 2014.

We don't know yet if Bitcoin will be down in 2014 because there is still 3months to go before the end of the year
The way I see it the price has been resisting all year

There's still 3 months left till end of the year, it could go up  :)

It's just a question of where you actually take the samples. Unlike Shannon or Nyquist already pointed out, sometimes you have to use a lower sample rate in order to recognize the real trend amongst all the noise...

There is no way to tell what will happen with the price, we still have plenty of time left yet to see it go up if it is going to. I will admit if we see it go down again it may be cause for concern and may not be wise for newbies to buy in until we see even a slight rise after another drop.

this is the right time as the price is low.

FTFY.

https://i.imgur.com/B18rvpI.png
https://i.imgur.com/B18rvpI.png

Again this topic?

Wait until the damage is done, to say the damage is done.

Last year the rally started in September.

It is not the right time to invest on BTC for newbie. Price of BTC is continuously falling. So I think we need to take some times to invest on BTC.

When it's falling is the right time to invest. When it's at all time highs is the wrong time to invest.

Be greedy when others are fearful. Be fearful when others are greedy.

I tend to disagree, this is a great time to start buying btc if you have a long term orientation
The innovation rate has never been higher than it is now in the ecosystem

you have to download the wallet through the coins official website. You'll need a separate wallet for each coin you need to store. In the event you’re just planning to trade them for other coins, you can store them around the exchange wallet associated with your account. Every coin has it own blockchain (don concern yourself with being aware of what a side chain is appropriate now while youll probably get confused in case your-centre new to everything at this time) every blockchain has addresses related to it that arent linked to other blockchains. This can be why you ought to have separate wallets to the addresses to the coins you’re storing in it.

What are you talking about here?
The whole thread is about speculation on bitcoin price. No one is asking about how to create a wallet for altcoins.

In fact, if you draw the lines on every Sept as DannyHamilton suggested, you will need to wait for another 12 months to see if we have a "downward year". :P

I hope you do realize that moments of when bitcoin hit $1,000 was based on Mt. Gox hyping it up right lol.

Long term, literally ANY time is good time to buy.

There's no better time to buy bitcoins when the pain spreads among holders, just look at the charts of the last bubbles.

This is the best advice.

That's a cliche though.  When the market is bearish it is good to get out.

Exactly, a lot of FUD on bitcointalk right now. I definitely think a lot of users are paid for FUD. Don't believe them and buy now, don't wait to have high prices to buy.

BTC is what right now? $460-470 between that maybe? I think newbies should buy right now. We are approaching christmas and new year. Might be big on the first month of new year.

There's no better time than now to buy bitcoins, its value is the lowest that can be.

The bitcoin price is now $450 on bitstamp and $443 on btc-e.

I know that the stock market tends to perform well during Christmas, but I have no idea if that applies to bitcoin as well lol. :)

I have just sold everything... to buy back later.

OMG, if I had been drinking milk it would have come out of my nose.  :D

Great time to buy.

hmm...imo this thread lacks the usual advice:

only invest what you can afford to loose!.

Better advice for some might be:

Only invest what you want to lose  :D

but you will never loose by simple holding strategy.
you'll only loose fiat when selling your coins lower than you bought them.

I will hold people's bitcoins for them, for only a 1/10th investment fee imposed monthly. That way you can lose your bitcoins with confidence  :D

Hmmmm Are we not supposed to buy, when the price is low?

These last couple of months, the price was dropping from $1000 to $450 now.

If it goes back up to $1000, we would be doubling our profit, from what we buy now.

I cannot see, how this is the wrong time to buy more bitcoins now. ^Totaly confused^

When bitcoin is low you can buy.. :) That if you believe in bitcoin.

Bitcoin price is low, I think the best time is now.

I think there is always good time to buy Bitcoins. It could be one of the best investment in a long term.

What people need is to find a good site, with lots of different metrics, that helps them decide for themselves.

If BTC breaks the $360 level, get your Buy buttons out STAT!

It may not be at this level for long...

People jumped on too hard when it got down to $381, plus looking at the bitcoin days destroyed chart, things are still promising, It's a lot of bitcoin in constant circulation, and still must be a massive amount horded. Flash selloff time! C'mon you can do it!

emergency alert... no dead cat bounces for awhile... it is going FREE FALL down.

It going to break in the 300`s soon.

Just wait and buy it till then, this is only a 1 month period that prices changed so much.

The only thing pushing price up is money.money.money. Not good news,Not hastrate.
People hold their money.
you never know when these rich men decide to put their money in.

It can be a good time to buy some btc right now. But remember that when it tanks down a little more, you'll regret buying in at such an early time. Who knows? Until then we can only speculate about the price. ^_^

Its actually a good time for newbie to buy BTC. Its really cheap now and chances of going up is high..

I think its ok to buy btc, and bitcoin is accepted by many merchants now,

so we can buy stuff with bitcoin.

I don't know when is a good time to buy for investment purposes though.

It seems OP's logic is:
If bitcoin price has increased, it is a good time to buy bitcoin; but if bitcoin price has decreased, it is a bad time to buy bitcoin.

So it seems to me that OP expect the price to move the exact way in the future as in the past, which isn't right at all.

Now is the perfect time to buy. You can double your money by November.

I do not really care how low it goes as I plan to be in this for the long term so I just keep on buying some on every $20 drop and I'll keep on buying as it goes back up again.

Bitcoin will either fail or become what we all hope for it to become. If the latter then there's but one way for it to go and that is up. Bitcoin, in my opinion, will be around for decades to come and with its limited supply it would mean that it can only increase in value.

The current dip in the price will not be the last and I believe we will see many more like this in years to come. These are good as it offers those not yet 'in the market' a chance to get in and for those who are already in an opportunity to sort of 're-stock'.

I bought some at $650.  I wish i would be newbie now and not few months ago

OP, where were you when the price was +1000? I didn't see you wrote these warnings. Now when we might be on the bottom you are...

I have heard some people a month ago talking about bitcoin going over $1000 usd
by christmas time lol does not look like it to me but who knows. :-\

There is blood in the streets. It's the perfect time to buy.

He's saying that we haven't quite sorted out whether this is a falling knife or we are in the clear. If the former, a newbie might panic and also might not know how to deal with exiting on the right side of a wave. So, yes, it might actually be a very dangerous time for a newbie to buy.

Actually this is a dangerous time for anybody to buy!

"dangerous" maybe the word is risky

We are currently near the lowest prices for the year of 2014.

Noone actually knows where this bear market will end. Noone knows the reason for it in actual fact.

If you want to acquire bitcoin as a high risk investment then beginning to acquire a position here is a great entry point with massive upside and some real downside risk also. Bitcoin is always risky. Waiting for an upturn in the price will mitigate some risk but be difficult to time as the price will likely rapidly climb away from the low.

I love that if you are a bitcoin bull and cite the long term bull market with hype cycles you hear the usual 'past performance does not predict the future' from bears. Then the very people criticising you focus on an extremely recent part of the same chart which just happens to slope down to predict further price falls!

Nobody knows for with any certainty if this is the low or bottom or if we'll sink 100 points tomorrow.

That said, if you're a believer of Bitcoin and the technology behind it, then now is a good time as any to buy. 

Just don't invest what you're not willing to lose.

What the fuck, you said in your last thread that it would be the last warning you post. So why the fuck are you still doing it? Cut the shit no one cares what you think.

This is older topic, check out the date on the post you quoted. Maybe you should have listened, bitcoin is 20% down since then.

You were right. Now is much better time then it was a month ago.

Don't worry next month will be cheaper...

wait for 1-2 weeks and it will go around 360. then you can buy a cheaper coin

We are already touching 340? You can buy cheaper coins later, no worries!