Good time to invest in btc?

[Razick]

I know this is your standard noob question but being new to bitcoin/cryptocurrency i thought it would be worth asking. With the price down to ~$200 is now the time to be buying them? Ive read some of the horror stories of people losing 30k etc and that's more than a lifetime of savings which if i had couldn't even comprehend losing. At the moment ive bought my first btc but am now worried of a potential crash.

I know you shouldnt risk what you cant afford to lose but you have to take some risks i suppose.

Im guessing this may be a question better asked to a crystal ball?

thanks and apologies if this gets asked everyday.

No one has a crystal ball but in my personal opinion, yes.

That being said, asking for investment advice here is a good way to lose a lot of money. People will tell you to buy if they want the price to go up even if they think it will fall, and so called "experts" who don't know what they are talking about will make complex forecasts that prove to be wrong.

The loudmouths in this forum are split into two camps: The people who said in December 2013 that Bitcoin would be worth $10,000+ by the end of last year, and the people who are saying right now that Bitcoin is headed to $0. Stay frosty. 

[ensurance982]

I know this is your standard noob question but being new to bitcoin/cryptocurrency i thought it would be worth asking. With the price down to ~$200 is now the time to be buying them? Ive read some of the horror stories of people losing 30k etc and that's more than a lifetime of savings which if i had couldn't even comprehend losing. At the moment ive bought my first btc but am now worried of a potential crash.

I know you shouldnt risk what you cant afford to lose but you have to take some risks i suppose.

Im guessing this may be a question better asked to a crystal ball?

thanks and apologies if this gets asked everyday.

No one has a crystal ball but in my personal opinion, yes.

That being said, asking for investment advice here is a good way to lose a lot of money. People will tell you to buy if they want the price to go up even if they think it will fall, and so called "experts" who don't know what they are talking about will make complex forecasts that prove to be wrong.

The loudmouths in this forum are split into two camps: The people who said in December 2013 that Bitcoin would be worth $10,000+ by the end of last year, and the people who are saying right now that Bitcoin is headed to $0. Stay frosty. 

Well at least the price can't fall infinitely far, we are now down to about 80% of the previous all time high and and so far it's much safer to invest now then a year ago. Please keep in mind that it is still quite possible that we will go down to $150 or so. If you are really afraid of a crash, I guess it will be safest to wait for a definite confirmation of the trend reversal.

[minerpumpkin]

The best time to invest in BTC when the price just fell down
You also can get discount if you use bitcoin in specific place

But the real question without answers is - how do you know that the price just fell down. Maybe it's just starting to fall.
When BTC was 220$ recently, I didn't buy, because I thought it was in the middle of the dive to 150$-160$ again. And a lot on analysts told price will fall further, but it didn't. I guess we'll have to ''get discount if we use bitcoin in specific place''

Well you could always apply the logic of "buy the dip" and as soon as a dip occurs, you immediately go and buy some more coins. In any case, you have to decide whether to sell your coins in case the price goes down a lot, be careful not to panic-sell your whole stash!

[neurotypical]

The best time to invest in BTC when the price just fell down
You also can get discount if you use bitcoin in specific place

But the real question without answers is - how do you know that the price just fell down. Maybe it's just starting to fall.
When BTC was 220$ recently, I didn't buy, because I thought it was in the middle of the dive to 150$-160$ again. And a lot on analysts told price will fall further, but it didn't. I guess we'll have to ''get discount if we use bitcoin in specific place''

Well you could always apply the logic of "buy the dip" and as soon as a dip occurs, you immediately go and buy some more coins. In any case, you have to decide whether to sell your coins in case the price goes down a lot, be careful not to panic-sell your whole stash!

I wouldn't hesitate to get in as soon as possible. If you are here in the long term, it's not going to matter much if you got in at 150 or at 250. What would be terrible is missing the boat while trying to get in right at the perfect price entrance.

[fearlesscat10]

The best time to invest in BTC when the price just fell down
You also can get discount if you use bitcoin in specific place

But the real question without answers is - how do you know that the price just fell down. Maybe it's just starting to fall.
When BTC was 220$ recently, I didn't buy, because I thought it was in the middle of the dive to 150$-160$ again. And a lot on analysts told price will fall further, but it didn't. I guess we'll have to ''get discount if we use bitcoin in specific place''

Well you could always apply the logic of "buy the dip" and as soon as a dip occurs, you immediately go and buy some more coins. In any case, you have to decide whether to sell your coins in case the price goes down a lot, be careful not to panic-sell your whole stash!

I wouldn't hesitate to get in as soon as possible. If you are here in the long term, it's not going to matter much if you got in at 150 or at 250. What would be terrible is missing the boat while trying to get in right at the perfect price entrance.

Agreed, my advice would be to buy little by little with the current prices. Just to slowly grow your hoard. In long run price wouldn't matter.

[minerpumpkin]

The best time to invest in BTC when the price just fell down
You also can get discount if you use bitcoin in specific place

But the real question without answers is - how do you know that the price just fell down. Maybe it's just starting to fall.
When BTC was 220$ recently, I didn't buy, because I thought it was in the middle of the dive to 150$-160$ again. And a lot on analysts told price will fall further, but it didn't. I guess we'll have to ''get discount if we use bitcoin in specific place''

Well you could always apply the logic of "buy the dip" and as soon as a dip occurs, you immediately go and buy some more coins. In any case, you have to decide whether to sell your coins in case the price goes down a lot, be careful not to panic-sell your whole stash!

I wouldn't hesitate to get in as soon as possible. If you are here in the long term, it's not going to matter much if you got in at 150 or at 250. What would be terrible is missing the boat while trying to get in right at the perfect price entrance.

Actually it does matter: you'd be saving about 40% in that case - that isn't exactly pocket money if you ask me - well, it still comes down to how much you're investing, but this could mean a difference of tens of thousands USD in a year or two!

[LFC_Bitcoin]

The best time to invest in BTC when the price just fell down
You also can get discount if you use bitcoin in specific place

But the real question without answers is - how do you know that the price just fell down. Maybe it's just starting to fall.
When BTC was 220$ recently, I didn't buy, because I thought it was in the middle of the dive to 150$-160$ again. And a lot on analysts told price will fall further, but it didn't. I guess we'll have to ''get discount if we use bitcoin in specific place''

Well you could always apply the logic of "buy the dip" and as soon as a dip occurs, you immediately go and buy some more coins. In any case, you have to decide whether to sell your coins in case the price goes down a lot, be careful not to panic-sell your whole stash!

I wouldn't hesitate to get in as soon as possible. If you are here in the long term, it's not going to matter much if you got in at 150 or at 250. What would be terrible is missing the boat while trying to get in right at the perfect price entrance.

Agreed, my advice would be to buy little by little with the current prices. Just to slowly grow your hoard. In long run price wouldn't matter.

Absolutely.
It's nigh on impossible to not make a profit at some point in the future if you buy in now.
The price is pretty low, a great opportunity to really make some easy money.

Buy what you can afford to now, HODL for a few years & see where you're at.
Think if it as a fixed rate bond only with the chance to make a lot more money.

I don't understand how anybody aware of bitcoin isn't buying in now.

[Amph]

The best time to invest in BTC when the price just fell down
You also can get discount if you use bitcoin in specific place

But the real question without answers is - how do you know that the price just fell down. Maybe it's just starting to fall.
When BTC was 220$ recently, I didn't buy, because I thought it was in the middle of the dive to 150$-160$ again. And a lot on analysts told price will fall further, but it didn't. I guess we'll have to ''get discount if we use bitcoin in specific place''

Well you could always apply the logic of "buy the dip" and as soon as a dip occurs, you immediately go and buy some more coins. In any case, you have to decide whether to sell your coins in case the price goes down a lot, be careful not to panic-sell your whole stash!

I wouldn't hesitate to get in as soon as possible. If you are here in the long term, it's not going to matter much if you got in at 150 or at 250. What would be terrible is missing the boat while trying to get in right at the perfect price entrance.

Agreed, my advice would be to buy little by little with the current prices. Just to slowly grow your hoard. In long run price wouldn't matter.

better to buy in big bulks if it fall or keeps falling(not the case now) and slow your buy rate if it rise, ratio 1:1(on the price) would be good enough

example it raise +50 usd, buy 50 usd of btc

[tokeweed]

I know this is your standard noob question but being new to bitcoin/cryptocurrency i thought it would be worth asking. With the price down to ~$200 is now the time to be buying them? Ive read some of the horror stories of people losing 30k etc and that's more than a lifetime of savings which if i had couldn't even comprehend losing. At the moment ive bought my first btc but am now worried of a potential crash.

I know you shouldnt risk what you cant afford to lose but you have to take some risks i suppose.

Im guessing this may be a question better asked to a crystal ball?

thanks and apologies if this gets asked everyday.

It's a very good time to buy BTC.  Remember it can go to +1000 really fast.

[Pecunia non olet]

I know this is your standard noob question but being new to bitcoin/cryptocurrency i thought it would be worth asking. With the price down to ~$200 is now the time to be buying them? Ive read some of the horror stories of people losing 30k etc and that's more than a lifetime of savings which if i had couldn't even comprehend losing. At the moment ive bought my first btc but am now worried of a potential crash.

I know you shouldnt risk what you cant afford to lose but you have to take some risks i suppose.

Im guessing this may be a question better asked to a crystal ball?

thanks and apologies if this gets asked everyday.

If you can't afford to loose you need to supervise it 24/7 and sell when it goes down. You only loose when you don't sell in a decline. But be careful with the beartraps.  

Also good management is important. Never all on one card. Always keep some powder on the sideline for special opportunities.

Some exchanges offer stop loss features and buy/sell trigger at certain prices. Get familiar with those features to be able to avoid large losses during sleeping time.

But all in all market looks like bottoming out right now. So maybe you're lucky to come in at the right time, maybe...

Good luck

edit: and btw, don't listen to any of these fanatics on this board (the vast majority). They'll always tell you to buy - always. They'll deny any problems and risks in any case. So these permabulls are pretty useless for any advice actually. Best to trade according to your own judgement only. Some of these guys took 70%+ losses last year and are still buying and telling everyone else to do the same  

In current marketconditions it can make sense to buy gradually - bit by bit. Not all in a day or one trade. You could for example buy every day or every two days 5% or 10% of what you want to actually take as position. This way you are also better protected from daily volatility and less likely to get a bad price because you'd get some weeks average price or something

Always use dat brain

[tokeweed]

^ Don't listen to him.  He wants BTC to go down because he is shorting it.

[ttbh]

In a word? No.

The trend is still down. Maybe buy a little bit to get your feet wet and to play around with different wallets or whatever. But you shouldn't go in heavy until the trend is in your favor. The only ones who have to buy during a bear market are mega whales who wouldn't be able to fill their bags from buying into a bull market.

And don't listen to the idiot bulltards on here. I'm bullish on btc long term but there's no reason to expose yourself to the risk that buying into this bear market entails. They'll say, "it won't matter what price you buy in at because it's going to the moon", but the same exact thing is true in bull market. It doesn't matter if the price is double what it is right now when you buy if it goes up 10x right afterward. It's not like the price is gonna jump to $1000 in a day and keep going. 99.9% chance there isn't anywhere near enough money on the exchanges for that to happen. The chance of it crashing to $100 in a day is much more likely, as much as it pains me to say.

The only reason to buy right now is if you just want to treat it like a retirement account. If you don't want to watch the market and your horizon is long enough it won't matter if the price halves in value again before going back up. Besides, in that case you're probably dollar cost averaging so you'll get some of those cheap coins too. But in any case you really only want to invest 1-5% of your net worth. Don't put in any more than that unless you know wtf you're doing (as in, you know what a fucking stop loss is, unlike many bitcoin margin traders).

[tokeweed]

^ Don't listen to the naysayers!  They don't want BTC to go up because they are shorting it.

[Pecunia non olet]

^^
Dude is too emotionally attached to his coins to sell them. 

[tokeweed]

^^
Dude is too emotionally attached to his coins to sell them. 

We are Bitcoiners!

[BurgerKill]

i always agree to buy and invest when bitcoin down to 200 USD , and now i think the right time too for buy bitcoin as much as you can

[tokeweed]

i always agree to buy and invest when bitcoin down to 200 USD , and now i think the right time too for buy bitcoin as much as you can

[ttbh]

^ Don't listen to the naysayers!  They don't want BTC to go up because they are shorting it.

Short from $236, but that had nothing to do with my post. Whether a few little fishies decide to buy in or not isn't gonna effect my trading. I would've given the exact same advice last week when I was long and waiting for a bounce.

And the people who actually need advice like this aren't gonna be moving in and out of the market like me, at least, I hope not. They're just looking to buy some coin to sit on for while. If they were a trader I'd tell them to wait for the giant red dildo and go all in but it'd be irresponsible to give advice like that to someone who doesn't know what they're doing. They might foolishly decide to go 20x long and get rekt where they would've been fine in a non-leveraged trade.

[tokeweed]

^ Don't listen to the naysayers!  They don't want BTC to go up because they are shorting it.

Short from $236, but that had nothing to do with my post. Whether a few little fishies decide to buy in or not isn't gonna effect my trading. I would've given the exact same advice last week when I was long and waiting for a bounce.

And the people who actually need advice like this aren't gonna be moving in and out of the market like me, at least, I hope not. They're just looking to buy some coin to sit on for while. If they were a trader I'd tell them to wait for the giant red dildo and go all in but it'd be irresponsible to give advice like that to someone who doesn't know what they're doing. They might foolishly decide to go 20x long and get rekt where they would've been fine in a non-leveraged trade.

We are Bitcoiners!

[LFC_Bitcoin]

i always agree to buy and invest when bitcoin down to 200 USD , and now i think the right time too for buy bitcoin as much as you can

Buy on bad news
Sell on good news

That's the only advice anybody ever needs to have when trading in anything really.

Buy when there is blood on the streets.

Now is the perfect time to buy, people are panicing, selling.
The price is going down.
Now is absolutely the perfect time to buy.