Bitcoin Forum

What are your thoughts about purchasing Bitcoin atm at the price of $225.1 and holding it till it raises, I've been watching the price for the past few days and man it's like a roller coaster going up and down making me uneasy of whether or not I should buy a few bitcoins to hold it and sell it back out when it's high. What's your thoughts and opinions?

Don't invest more than you can afford to lose. Any investing is harsh speculation.

My opinion? Buy.

Nobody knows.

The only good answers to your question are:
1. Buy at any price because Bitcoin will succeed.
2. Sell at any price because Bitcoin will fail.

Anything else is just random speculation by people that don't know any more than you.

It is a good idea to buy small amounts of bitcoin whenever you have spare cash and save them. You do not need to worry about the price. When price shoots up, $300 or $400 are still cheap coins. It will not be in 2015, but it will come.

And this too:

I would not recommend buying with the intention of selling it when it's higher. Unless you really aspire to become a professional trader, but then you might want to do a little research first about how to manage your risks and stuff. I would only recommend buying if you are actually interested in Bitcoin and want to experience how it works and what you can do with it. We have enough get rich quick kinda people in here as it is with no idea of what they're doing at all and I can only hope they lose all their money and leave. In that sense I'm actually quite happy we've had a pretty harsh bear market so far to scare these kind of people away.

Buy some, and then never sell it. You won't lose any bitcoin that way.

DON´T

No one can give you the correct answer, coz like you its speculation. Invest what you can afford to lose

Nobody knows. Historically the despair phase has been the time to buy in the past, when the price is relatively low.

Who knows though. Use your best judgement.

No. It's simply not worth the risk. If you buy for $225 and intend to sell for $300 that's 33% profit, but there's more than 25% chance $300 will never be seen again so that's a bad bet.

I don't know what's your exit point, but you'll most likely never see it and end up holding the bag.

There's more downside potential than upside, so definitely no. And don't listen to bull scammers who tell you to buy, they just want to lure new suckers.

try it firstly and tell me the result please  ::)

buy and wait until the dollar collapses and use bitcoin to buy bread/a home/a car

Hard to say what will happen in the near future. I am holding, so would suggest the same .It also depends on how much loss you can take.

Depends how much you own now.
If you don't even have 1 BTC - buy.
If you have some, decide what % of your money is in BTC and if you can afford more. Don't be greedy bitcoin is not a get rich fast investment, your fiat may end up tied up in this for years.

I don't think a lot of people buying bitcoin right now do it for getting rich. It very hard to predict if the price will go up or down.

Definitely buy if you have the fund. And no matter whether the price is going up or down, continue to hold on to it. Look long term and aim big.

Now I think it is a good idea to buy some bitcoins and hold them for 2-3 years , don't waste your time.

don't buy, so you'll never loss

If you're uneasy as you say, you can choose to just buy with 25% of the money you have to invest.

If the price goes down you can buy more on the way down, and then make a nice profit on the way up.

It all depends on whats the amount you wish to purchase.
If its any small amount <5 BTC, then purchasing it fine

if i were you i would hold on a day or two and check the price, also you can buy little by little at different prices too

why don't you buy some btc and use it to purchase some goods or services that you can't with cash.  isn't that the point?

That was the point long time ago, and bitcoin today is mostly used for speculative trading.
He is, like most of us, trying to make some gain by trading, and since it is nearly impossible to correctly predict price movement unless there are some obvious
big news, good or bad..

I think the best u can do is hold on to some portion of bitcoins no matter what, because by all means , i realy dont believe the price will be under 1000$ in the next 5 years.
Considering the price is curently around 220$, that would be impressive profit for a 5 yo plan.

Well, decide whether you want to be in it for the long haul or want to trade price-swings. Make up your mind, sleep 1-2 nights and then invest if you decide to. But only as much as you can afford to lose! Don't margin trade if you're new to the game, and don't trade on emotions! Oh and don't listen blindly to people on the Internet!

Nobody can answer this. It may go down further it may not. Set your own personal price or buy order and stick to it. I think now is a good a time as any to buy in though. Can't see it going much lower personally but if it does I think we're in trouble so that's something you have to take on board. Bitcoin is definitely not a guaranteed investment and just make sure you remember that.