Bitcoin Forum

It may fall back to ~50$ but it also can rise to 70$ or above. What should I do? Buy or wait?

Let me check my crystal ball and I'll get back to you.

BUY BUY BUY, be in it for the long haul, if you look at any chart, the current trend channels suggest a period of appreciation, and all the people saying we are ina  bubble like silver and gold and real estate, are nottaking into account that bitcoin is a method ofpatyment, a protocol,a  currency, etc. so it cannot be predicted in the same manner as said other things can.

If you're looking for a serious investment, you need to dollar-cost average and just make a regular weekly/monthly purchase of the same amount.

If you're just trying to speculate and make a quick buck, you need to make your own guess on where the value is going to go from here.

I bought $100 at around $23 and ended up using/losing all of it. I bought $100 more at around $31 and have been sitting on it since. Now at around $62 I've recouped ALL my bitcoin investment. It's really just luck and how much you're willing to invest.

Best advice is the same as gambling: Don't put in any more money than you can afford to lose.

-hashcode

Thank you for advice.

Have you heard about levelling (I'm not sure if that's the correct word, not a native English speaker).

When you build up a portfolio for a long term investment. For Example: Stacks for your retirement.

You don't buy them all at once to escape fluctuation.

When you buy the same amount at 60, 70 and at 80. Even if the price drops back to 72 you have still made profit.

Or if you buy now at 60 the price drops you buy again at 50 and 40, you could sell at 52 again for a provit.

So buy now if you want, but don't putt all you have in it.

Nobody knows the answer, and if people knew, It would have adjusted to it right away
If you plan to become a long time investor, you can always buy in tranches. buy some today, some the next week and some the week after.
that way you minimize your exposure to the price right now

I think the English term for this is 'Dollar cost averaging'. 

Nah, wait till it's $100.

Yeah, with hindsight, my life would have been completely different... Piles of cash and kudos and a few hot wives and concubines looking after a few dozen kids

Or until its $10

I do have a feeling that you should buy now what happens when they reach $100 you going to be happy i told you to buy now they will go up almost certain more than ever people are joining and investing in this form of currency!!!





All donations would be a greatly appreciated im starting from nothing trying to work my way up
197owexZDrYuR58LrGnvnjcn2e4b3EZ44x

Hey whats someone with your credit posting in the newbie ghetto for?

siri just told me you should sell lol...  :D

I have credit?  ;)

Newbies need love too.

It'll be too high when they start talking about it on CNBC.  That's your sell signal.

i havent heard anything on MSNBC BITCOINS is going to go up

Best bet is as mentioned to do the dollar cost averaging and buy slowly over time.

If I were you, i won't buy it.

Just wait a few day and watch buble get break.

The value of BTC is HIGHLY overrated.

Nice username.

Or... Just use your $65 to buy an Ati 5830 graphics card, put in your PC, download GUIMiner and mine BTC 0.8 a month.  ;)

Nobody can know for sure, like the price of silver or gold. The goal, obviously, is to get it while it's cheap. I think it's likely super cheap right now. I certainly wouldn't recommend putting all your savings into bitcoins.

When/if bitcoin is a common topic among the general public, I'd imagine the price to be many multiples higher than it is now, and I'd say we'd be in a bubble and it may be time to sell. Bitcoin is unknown to most people.

What if some bad people intentionally fork the blockchain and do it for a prolonged period. This will damage the value of BTC and it can drop. That's the time to buy, and you will have a very short time window.

Well that kinda sums it up, and nobody here is in a better position to guess. What do you think?

https://bitcointalk.org/index.php?topic=145354.0 (https://bitcointalk.org/index.php?topic=145354.0)

Sell. No, wait, buy. Sell. Buy... Uhh...

I dipped my toe in at $12, thought I was probably gonna get hosed, saw it skyrocket, then bought 25 BTC at $43 and just knew I was probably making a mistake, but now it's at $65. In theory, it should probably dip a little before the next time it shoots up, but it could also just keep rising to $100. If you have the time, I'd just watch the markets closely to see if it starts dipping a bit and get in if it goes down to $57 or so. If it goes above $68 tho, I wouldn't wait any longer. If you don't have the time to keep an eye on bitcoinity for hours in the background, you might as well take the plunge now.

Just don't invest more than you can afford to lose, in case things sour.

At the end of October last year, bitcoins were going for $10 on mtgox. Feb 17th at around midnight, they were $28. Now, they're close to $65? If you look at the graph on mtgox, bitcoins spiked from Mar 4th at 6am ($34) to Mar 6th between 6pm and midnight ($47.80) .... from Mar 18th at 6pm ($47.60) to Mar 19th between 2 and 3pm ($62) .... and from Mar 19th between 4 and 5pm ($53) to today between 3 and 4pm ($65), with the major spikes being Mar 19th, 1 to 3pm ($54-$62) and today, 2 to 4pm ($59-$65).

With that being said, my prediction is that bitcoins will continue to increase, but at an exponential rate. There's a lot of math involved  :) but basically, the slope has gone from ($18/112) days to ($13.80/60-66) hours to ($14.40/20-21) hours to ($12/22-24) hours, sometimes ($6-7/2) hours (major spikes).

If you decide to invest now, the worst that could happen is (and this is with every investment, figuratively), your bitcoins will lose value. Imo, they wouldn't lose much value, if they were going to. The lowest values seem to come up between 4 to 6, am and pm, frequently. So pretty much just keep your eye out.... I would invest when you see the value between $50 and $60. For example, the low today was $57.70 at 6am. You will get the most out of them if you look for that drop that I mentioned, then continue to observe the value, and if they reach a value higher than what you bought them for, but then starts to decrease, there will be a big choice you have to make. Who knows if the price will drop as significantly as before, in the future. The two price drops decreased, from a difference of $8, to one of $6. The next one may not happen, or it could happen, and either be $4, or $10....   ;)

The market is inherently unpredictable.  If you want bitcoins, buy them. 

If you're looking for opinions, I think bitcoins will steadily increase in value until there is another security breach at a major bitcoin exchange or online wallet site, or legal action by the US or larger European governments.  The odds of this are pretty low, so it's a good time to buy.

I suppose the bubble will burst in a few days, but I won't sell my coins now

On the one hand, Bitcoins offer a new form of usefulness that other established currencies do not offer - freedom from government territory and control, as well as privacy. This is of increasing attractiveness for at least a portion of the population, given the uncertain foundations of the leveraged global banking system, as evidenced recently by the attempt to confiscate a portion of depositor money in Cyprus. It is rumoured this may not be the last such attempt. I believe Bitcoin will find increasing global acceptance for at least a more savvy part of the global currency market. On the other hand, all currencies rely on confidence and trust, and when that disappears, currencies can quickly become worthless. This has occurred many many times in history. If for example, it is found that the Bitcoin environment becomes unsecure in the face of a technological attack or joint government efforts to ban it, Bitcoin value could fall precipitously, especially as, like many of today's currencies, it is not redeemable into anything of tangible value (unlike the historic gold standard). I don't know the likelihood of this - as we are dealing with a completely new form of currency, there are simply too many unknowns in the future. As a result, holding some money in Bitcoins is worth a ride up as long as you are comfortable to also lose that entire amount.

Exactly... If I had a even small crystal ball...  ;D

In retrospect, the clear answer is: Yes.

assuming we break this $68.91 wall in the next 24 hours I think there is a high chance we could reach $100 this month

BUY NOW! NOW, I SAY! NOW!!!!

I think you should buy it

Barring political* or technical malfeasance, I expect the price of bitcoins to increase radically over the next 10 years.  People are desperate, I am desperate, for a currency that doesn't evaporate over time to inflation.  Bitcoin's falling rate of creation, hard limit on maximum number of coins, and "destroyed" coins are very attractive in this way.

In my country, every dollar in bank savings gets leveraged 6 times.  The bank loans out my dollar to six different people.  This "creates" six dollars for each of my one.  Further, the central monetary authority creates 80 billion dollars per month to give to banks to make loans.  The banks turn around and loan that money out six times over, creating a half-trillion dollars per month.  The dollar that I have, that I worked for, becomes worth less day after day.  With Bitcoin, that doesn't happen.  Here is a picture that explains this http://research.stlouisfed.org/fred2/series/M2 (http://research.stlouisfed.org/fred2/series/M2)

Political malfeasance is the cause most likely to devalue Bitcoin.  Central monetary authorities will not easily give up the power to create wealth from nothing.  The cited cause will be "preventing money laundering", "enforcing economic sanctions" or my personal favorite "preventing terrorism"; the root cause will be the unending human lust for power.

You should buy at $1000. Dont buy now...bad move  :D

+1

Still a long, long way to go before bitcoin reaches market saturation, IMO.

I'm just waiting for my transfers to go through!!!
I'm buying like there's no tomorrow!

Now it is too late, 68$  ;)

By the way, the answer to this question is NO! If you think asking someone is going to yield a usable answer then you should not be "investing" at all.

If you're affraid to lose money, you shouldn't be buy bitcoins.
I only put a small amount of my fortune in bitcoins because i believe that bitcoins has a great future as online money.

On long term the price will rise over 65 US-$, as the US$ has an inflationary trend and BTC is designed as a deflationary currency. But you have the risk, that the idea of bitcoin fails or that it takes really long untill the price rises...

Yes, I should have bought bitcoins yesterday. Today are worth over 71 usd (bitstamp.net).

If it was me I'd wait until next week just to see if it comes down a little, if not I'd definetly buy buy the end of next week,

I wouldn't wait for a rare big fall in value, just because we have had a couple recently dosn't mean it will happen again for a while, in any case there are lots of people leaving low buy orders on Mt gox that will eat up any small crash.

My advice is to just buy some. Even just a small amount. Get your feet wet. If you can handle the ups and downs it goes through in a day, go ahead and buy some more. My personal opinion is that the long term value of bitcoin will at least be maintained and more likely will continue to appreciate in relation to centralized national fiat currencies. I'm holding and using bitcoin myself and if I were to sell today I would have made more than any other investment, but will continue to have bitcoin even if the value drops.

You should have bought at 65  :D

this is really crazy.

the price is 74 $ now

Di you buy any ?

The best time to buy is - yesterday. Always.

Bitcoin will wrap around the Earth like Kudzu. Buy now whilst you still have any purchasing power left in your archaic currencies.

yeah i bought yesterday. yay 70+ i was fuck this train aint stopping letts go with it.

i bought at 60...i dont see this curve slowing down to be honest...too many big names involved and its the right time globally...this is the global currency to lubricate the revolution

When your money isn't safe in the banks it's a golden opportunity for bitcoin