Bitcoin Forum

With all the speculation of BTC reaching $5,000 or $10,000 in the coming months I have 1 question. I know there is no way to tell at the minute, but I want advice from you guys, what have you done.

Do I buy and hold BTC now or do I wait for it to fall a little more?

Thanks

You can only know the price in the moment, and the price it has been.

IMO, always buy.

If you can afford to lose maybe 50% or more in the next weeks without fallin into panic you can buy now, otherwise i would say wait a bit until you can see a clear trend.

Let's assume that will be $5,000 or $10,000 in the coming months for sure and let's give 50% chance that it will drop to exactly $400 in between.

Let's say you have a $800.  Then buying and holding will earn you $4200 - $9200.  If it does not drop and you wait until it is %1600 to buy - then you earn $1700 - $4200 and if it drops and you buy at the lowest price - then you earn $9200 - $19200 - that is $5950 - $11700 on average.



Ha ha ha

But in fact do whatever makes you feel better.

my advice to first time investors has always been to buy SOME right away without delay, and HOPE that it goes down so you can buy more!


that way if it goes up you're making money so thats cool

if it goes down you can lower your avg price and thats even cooler

Averaging did not work well for me. Everytime I want to buy it is the same $800  ;)

I would say have your cash ready to buy at any moment and sit out right now. Market is too uncertain right now and may very well go down.

Right now if the price drops you can get that many more bitcoins with your money if the price would hit $5000 or $10,000.

So your best just sitting on the sidelines and if there looks to be a real increase in demand you should have enough time to buy back in under $1000. But you still have a very good chance at buying cheaper.

There is also a chance that it might never be 5000$ oder 10000$. It´s far away from a sure bet.

I agree but I would caution against buying at an ATH. Any other time is great. Bought some at ATH of $31 and it took 18 months to come back. That was a crazy 100X rally though and we prolly won't get another one that big, but the rallies are closer together now.

Say it seems to be that there is a very fast upward trend, at what price would you buy so you don't miss the train.

I am reckoning if it rapidly increases to buy at $1000 but I want to know what you guys would do.

Also what does ATH mean?

Thanks

If we shoot through 1000$ on Stamp with enough power it´s probably a good sign that we´re headin for a new AllTimeHigh.

Thanks for your assistance.

I reckon hitting $1000 equals a lot of people buy

Right now market forces are trying to push Bitcoin down, but hidden hands are holding it up, building up bid pressure enough to allow them to cash out.

For my money, Bitcoin is going to grind down from here and if the bot algorithmic manipulation stops or changes its tune, possibly plummet.

Don't buy now, wait.

If Stamp (ignore Gox and infact ignore everywhere that isn't Stamp) can break through $850, that will be very very telling and very bullish. At this point, I would be looking to go long (invest and hold). Until then, I would either short or sit it out and wait.

If you think Bitcoin is going to $10K, then what difference is it if you buy in at £850 or $820 ?

If you think Bitcoin is going to $10K, then what difference is it if you buy in at £820, $620, $320, or who knows, perhaps even less.

Wait!

Thanks, your points are very convincing!

First:
make your decision/opinion about the future of bitcoins.
Second :
Make a personal forecast/estimation for the value of bitcoins in about 1 or 2 years
than conclude:
is your personal value-forecast/estimation >let`s say 2000 €/BTC than ist dosn`t really matter at what Price below 1000 €/BTC you are going to buy BTC.
The higher your personal value-forecast/estimation  the less does it matter.
You will be on the winning side either way.
So did I:
Now I am watching very relaxed and amused price-movements.
The only thing to strictly be applied is:
IMHO: BTC is

to participate in a revolutionary changing monetary System[in case this will happen]


Buy incrementally during falling prices
Sell incrementally during rising prices

Fair enough, this is the advice I needed.

Thanks

don`t mention it. Enyoy BTC !

I don't know how much money u have to invest.....

...but before you invest on the basis of having found 'the advice you needed'.

Go and search through Segeln's (or practically anyone else who has posted in this thread) post history and see what he was saying about Bitcoin when it was up at $1100. Perhaps he also gave 'advice' to some other new investor. What was the general 'advice' going around on this forum when Bitcoin was $1100?

(Rhetorical question, I know what the 'advice' was and what it always will be on this forum....always beware of the Bitcoin Nutter!)

If you're buying for the future, or indeed any time, the most important thing is to get the largest amount of coins for your money so the purchase price right now does count.

Piling all in makes sense during a very extended calm period like the summer of this year or after one mother of a correction. I've the feeling that the next few weeks won't be as calm as some people expect them to be.

Those screaming about $100 coins are hard to take seriously. A 25% fall doesn't take much to accomplish and gives you that much more powerful a gain in the future.

You've got to decide for yourself of course. I've pretty much bought all I'm going to and won't sell any for a long time to come. If there is a decent-sized fall I will go for a final top up.

As for prices to look for (mt.gox):

On the way up: $1093 has been a resistance point.. if we go past that, the next one to test would be $1242. If we go higher than that, we're in unknown territory.

Going down.. I think there was support at $850 something? So I would buy a little there. Past that we have the 450-600 level, which I find hard to believe that we would break through. But if we do, the next support level would be around $260.

So, what was the advice?

EDIT: I bought 17 Coins @$780 (Stamp) 2-3 months ago. After a lot of ups and downs I´m still nearly there where I started. I would say, only invest in long term. I will hodl until its worth to cashout.

BUY BUY BUY :D

That's not investing. That's called speculating  ;)

Buy enough BTC to eventually able to take Virgin Galactic to at least Mars or give enough to kids/grandkids to go to Alpha Centauri by 2140. ;)

I bought loads of coins at those price levels, sold, bought more, sold, bought more. I have made several thousand quid since late November when I started speculating with Bitcoin.

I did however also by a shed load of coins at $1100. The price dipped to $1050, then lower. I started to sell at a loss.

What do you think the advice was from the mainstay of the Bitcoin Nutter dipshits on this forum?

"If u sell now, u will only be crying when you have to buy back in later at $1300"

lol...idiots.

The losses I took were soon recooperated by further trading around the double top and twice have I caught Bitcoin spot price deathslides (that 'nobody seen coming' at least not going by the drivel written on this forum) pretty damn near the bottom, making a packet the first time around and admittedly pishing my pants on the second one, buying in at $540 but panic selling at $490. Since then, I have continued to trade Bitcoin, winning some and losing some, but mostly winning.

If I had done what you have done, which is exactly what most of the arseholes on this forum would have recommended I do. I wouldn't have made thousands, I would be simply treading water. No better off than I was  two months ago.

I am glad I know better than to allow myself to be bamboozled by The Bitcoin Nutter.

I hope you realize " The Bitcoin Nutter " of these days is to sell before it "drops".

LIke I always say. It is much different if you own bitcoins at single or double digits like 80% or more of bitcoin owners, than if you actually have to pay $1000 for a coin. These nutters wouldn't be telling you to sit and hold if they paid over $1000 with their hard earned fiat.

Investing at these prices you have to take a lot of precautions or you will lose a lot of money. I see no reason why the price can't go below $500 in just a few days.

Bitcoin is a house of cards, and is now a Skycraper of cards at these prices. All it would take is just a slight increase in people wanting to cash out and the price would fall so quickly.

you are honestly better off putting your money in dogecoin than bitcoin in my opinion. Just as much risk with a much higher reward. Bitcoin is just too darn expensive and you are relying on the hope that bitcoin holders will continue to hoard.

Dogecoin is empty and meaningless pump n dump, blatantly conceived as a kind of joke and a whole lot of people are gonna get bitten by the dog, at which point the joke may start to wear a little thin.

Long before I invested in Bitcoin, I was spending them and aware of whole online marketplaces that were based upon them. This sort of real grounding in economic transactions gave Bitcoin psycholigical 'value'.

WTF is dogecoin? Nothing but a fad that has probably already had its time in the limelight.

All Alt-coins are based on nothing more than Bitcoins success. Most of them won't be around or relevant for very long....perhaps there is a dark horse amongst them that will turn to be the long term winner, but if there is, I doubt that it is Dogecoin.

Hold ??? ??? ???

http://assets.diylol.com/hfs/7d2/f77/ff9/resized/angry-chihuahua-meme-generator-moar-hodl-64215b.jpg

STRONG BUY INDICATOR

/buys 1mil DOGE for lulz

All Time High.  that was ~$1200 depending on the exchange, so no worries there. Just put you toe in the water and start buying. if it goes up, buy more. if it goes down, buy a lot more. Start selling after the next ATH.  I like selling 4% of my total stake after every 10% increase, then buying back 3% after every 15% drop.

you don't gotta tell me bud , I been Hodling before it was cool.

i think we will be below this levels again. we may go up first, who knows, but i think you could time a better long term entry than this.  :)

lol, the price of a single bitcoin does not matter regarding to how much or how probable one might lose or make money. if the guy can invest $ 1000 he can lose it all (but no one ever has lost all by hodling) or make a decent profit (which all of us did that bought before november.) this was the same last year or two years before. it is the percentage rise what gets you the profit, not the absolute price.

you are seriously advising a newbie to better buy doge ? after telling us generously how much you profited from bitcoin yourself ?  wtf are guys like you doing in a bitcoin forum ?

OP:

Following advice from a previous poster in this thread, I advise you to read the post history of each person before taking their counsel to heart.

Specifically, it's interesting to note what longer-term posters were suggesting/recommending to others at the time of previous ATHs followed by crashes and lulls.

Then consider whether their current advice has similar tone/content.

Finally, if you're not comfortable trading, then take advice from experienced day traders with a pinch of salt. Doubtless they can make lots of money pretty quickly, but expect to lose money just as fast if you don't know what you're doing. Plenty of so-called Bitcoin Nutters have made a killing doing nothing more than staying patient and calm for an extended period of time.

(Of course, that's not to say that BTC will **definitely** keep rising. That's a call you have to make yourself based on reading around the subject.)

Is the Bitstamp price always pretty close to the Coinbase buy price? Where is Bitstamp based?  Are they similar to BTC-E?  I'm considering exchanges to use - I'm in the U.S..  also, where does Vircurex fit in?

I played this game a few times and burned my fingers. Lost about 5 Coins with this method. So I was very happy that one time I sold on a high price and bought in low so I was able to get my lost 5 coins back and then I sweared I will only hodl and buy more but never speculate again.

Could see this too.  Just do some Dollar Cost Averaging over two-three months with what you want to invest, and don't worry too much over day-to-day fluctuations, is my suggestion!

At first, though, Bitcoin is just so friggin' interesting it's hard not to pay attention day-to-day or hour-to-hour!