Wrong time to invest in bitcoin with the confusion?

[dgsbgm35]

with the recent talk about the fork and all that is it the wrong time to invest for someone like me who is new to the game

[1714299384]

1714299384

[knight22]

Stay away. Bitcoin is becoming a centralized failure.

[gentlemand]

Confusion and impending doom is the best time to get into anything, but only if it comes out the other side stronger. Only you can decide whether you can stomach that risk.

[Athertle]

Stay away. Bitcoin is becoming a centralized failure.

I will have to say the same; loyal bitcoiners will be sure to bombard this thread about how to stay calm and how the price of bitcoin will surely rise, but for now it looks like it's going down.

Bitcoin price chart.

[AgentofCoin]

with the recent talk about the fork and all that is it the wrong time to invest for someone like me who is new to the game

If things correct themselves and we all come to a middle ground,
then now is the best time to buy (or maybe a little lower between 180 USD to 200 USD).

It all really depends on how much you can financially lose and if you are willing to be a long time holder.

Currently, Bitcoin/bitcoin is still considered an experiment.

[timchen]

Stay away. Bitcoin is becoming a centralized failure.

I will have to say the same; loyal bitcoiners will be sure to bombard this thread about how to stay calm and how the price of bitcoin will surely rise, but for now it looks like it's going down.

Bitcoin price chart.

That;s not something you should be basing your decision on though what you should be is whether you believe whichever way bitcoin goes will it suceed? at the moment I only see it surviving if it continues the way it is now and use the temporary fixes that gmaxwell proposes

[tvbcof]

That;s not something you should be basing your decision on though what you should be is whether you believe whichever way bitcoin goes will it suceed? at the moment I only see it surviving if it continues the way it is now and use the temporary fixes that gmaxwell proposes

Which ones, specifically?  When Greg talks, I listen...but I don't follow him closely enough to know everything he says or does.

[RGBKey]

I wouldn't say bitcoin is becoming a centralized failure, at least not yet. It completely depends on the direction things go in the next few months. I'm not a diehard "bitcoin can never lose value" kind of person, but I'm not going to say things can't go badly from this position either.

[Za1n]

IMO the best time to be buying is now. If you can buy in ~$200/BTC, even if it goes back up to $300 you would make 150% of your investment. If it goes to $400 you make 200% of your money, in probably less than 12 months. If it goes lower than $200 in the next month or two, buy even more.

If, however, you wait until BTC gets its legs again, and buy in at say $300, it would need to rise to $450 to make 150% and $600 to double your money.

Of course, everything is a risk, but BTC has been around for awhile now and with all the money invested in it and surrounding tech and infrastructure, it is not going away anytime soon.

[randy8777]

i never buy when it's going perfectly fine with bitcoins or stocks. that's most likely when the price is already too high. best time to buy is when people are panic selling and dumping it real hard.

[ashour]

I think that this is probably the best time to invest into bitcoin. The price is low and is stable at $180, the price can either fall a bit or get higher than now which is more likely.

[unholycactus]

Confusion and impending doom is the best time to get into anything, but only if it comes out the other side stronger. Only you can decide whether you can stomach that risk.

This is what makes money, I guess if the herd could deal with the "stress" of buying during the questionable times it would be different.

I doubt bear spread options are possible in the Bitcoin world. In other words, it's not possible to profit from situations like these. There are times where "impending doom" and "confusion" causes real losses. Telling a newbie it's the best time to get into Bitcoin is irresponsible.

[Coinshot]

When everyone is panicking, it's the best time to buy actually, noone should buy during a hype. But i would wait a bit more for
the price to go a bit under 200, which is a real possibility.
After that it should be smooth sail, because all this bs about forks will go away sooner or later.

[Mickeyb]

with the recent talk about the fork and all that is it the wrong time to invest for someone like me who is new to the game

Did you hear about that one, "buy when there is a blood in the streets"? Times like these are the best for investment. Not when we were at $1,000 and everybody were buying. Interestingly, when we were hovering about $700-800, everybody begged for cheap coins, now when they are here, nobody wants them.

Bitcoin is still just an experiment and can fail. If you ask me, if we can't have a consensus over a block size increase, then we need to fail, since there will be many more consensuses to reach down the road that might be even trickier.

But if and when we reach it, price should take off to at least a pre fork level, $300. It's up to you to decide. Do a research and listen to yourself.  

[RGBKey]

Confusion and impending doom is the best time to get into anything, but only if it comes out the other side stronger. Only you can decide whether you can stomach that risk.

This is what makes money, I guess if the herd could deal with the "stress" of buying during the questionable times it would be different.

I doubt bear spread options are possible in the Bitcoin world. In other words, it's not possible to profit from situations like these. There are times where "impending doom" and "confusion" causes real losses. Telling a newbie it's the best time to get into Bitcoin is irresponsible.

When everyone is panicking, it's the best time to buy actually, noone should buy during a hype. But i would wait a bit more for
the price to go a bit under 200, which is a real possibility.
After that it should be smooth sail, because all this bs about forks will go away sooner or later.

You need to understand that "all this bs about forks" is going to be the kind of news that will cause the price to drop. This is what makes people sell, when they get scared about the future of bitcoin.

[ingiltere]

I don't know if it's wrong time but it's clearly not the right time either. We've seen better days before.

[AgentofCoin]

...when we were hovering about $700-800, everybody begged for cheap coins, now when they are here, nobody wants them.
...

Yes this is a funny point and very true.
I wished for prices like today and now that it is here, its funny that some users are claiming to be getting out.

[Za1n]

...when we were hovering about $700-800, everybody begged for cheap coins, now when they are here, nobody wants them.
...

Yes this is a funny point and very true.
I wished for prices like today and now that it is here, its funny that some users are claiming to be getting out.

And they will be the same ones buying back in once it gets back above $500 as they don't want to be left out, lol. While the smart money who bought in sub $200 will already be up 200-300% by then.

[ShamrockHannah]

Depends what way you mean investing for a start but I would say bad idea. Don't invest more than you care to lose

[fryarminer]

I personally am very invested in bitcoin, just got my first paycheck 100% in bitcoin, but I'm going to withdraw from bitcointalk for a while. The copious amount of trolls, FUD spreaders and useless arguing from people who know nothing but say they know everything has really turned me off. This is like noob central unleashed.