Is it a Good Idea?

[pooya87]

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

[tss]

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?

[ajareselde]

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.

[HarmonLi]

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!

[Arnab biswas]

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

yup its a good idea but it generally takes a ling tome to make profit

[Honeybooboo]

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.