Is now the time to buy

[BlueTemplar]

http://en.wikipedia.org/wiki/Dollar_cost_averaging

The question is, how does that apply to an exponentially increasing stock like bitcoin?

Since when is bitcoin a stock?  And since when does bitcoin only increase?

It's more that there are not many stocks with a growth rate like BTC, so (if you're NOT new to bitcoin), is it really a good idea to use DCA and stagger your buys over a relatively long timeframe when you see that growth is starting to pick up?

[Tirapon]

I still think we could drop to somewhere between $120-$150

I would wager heavily against that.  Unless we're passing $120 on the way to zero..

Many people seem really uncomfortable with a new price outside of the $100-$150 range.  I suspect only because we sat there for so long and it's sort of become an emotional, comfy zone.

The dead cat certainly bounced Saturday night.  Whether he is wearing flubber shoes or not is the real question.  It's the volume that does it for me.  It is thin as air under there compared to April by a lot.  Look close.  There are fewer big actors moving this.  I don't think it is malicious, but something is playing out.

Is it volume in BTC or in fiat that you are looking at? I haven't been paying attention to volume but I'd expect the volume in BTC to decrease as price increases.

[xephyr]

I am new to Bitcoin and i am trying to figure out if i should buy now.

You can always use an indicator like Stochastic RSI (StochRSI) to help you enter at the best price.



There was a window on 11/9 late evening when StochRSI gave a buy signal and price was under $300 briefly.

[notme]

http://en.wikipedia.org/wiki/Dollar_cost_averaging

The question is, how does that apply to an exponentially increasing stock like bitcoin?

Since when is bitcoin a stock?  And since when does bitcoin only increase?

It's more that there are not many stocks with a growth rate like BTC, so (if you're NOT new to bitcoin), is it really a good idea to use DCA and stagger your buys over a relatively long timeframe when you see that growth is starting to pick up?

Yes, if you are a good trader and can reliably predict the market you can beat DCA.  But with DCA there is less risk of making a bad buy.  With Bitcoin newbies bad buys often lead to bad sells, which is why I make the suggestion.  I've made no claim it is optimal for all people, but if you have to ask (hence this thread), you probably want something simple without excessive risk.