aBitNew (OP)
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Activity: 9
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December 10, 2015, 06:08:05 AM |
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if you decide to buy it through Coinbase, it's probably best if you transfer it right out of there and into a safe wallet.
Can you elaborate on what you mean by "it's probably best if you transfer it right out of there and into a safe wallet"? Is Coinbase unsafe for some reason? |
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fantoos
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December 10, 2015, 06:12:08 AM |
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I will say in simple words that Bitcoin is still under valued if you have eyes on long term investment.After halving of blocks the mining cost will increase and to make it profitable it is essential to be the price higher and then 400 $ should be bottom in my opinion.Keep this in mind and decide by yourself if it is good time or not .
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bithasher
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December 10, 2015, 06:14:38 AM |
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I will say it is best time always to buy.Price is to go high and you should take advantage of these days and hold it to make your life more good.
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kyrios_
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December 10, 2015, 02:42:32 PM |
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If you know abit about technical analysis, price spikes usually followed by some sort of price retracement. Wait for it
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ultimatesky
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December 10, 2015, 02:58:19 PM |
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It's really up to you, if you've been keeping up with bitcoin lately, the price has been increasing a lot.
I would say it would be a good time to buy but the better time to have bought was when the value was even lower at around $200 - $300
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~Bitcoin~
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Activity: 994
Merit: 1000
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December 11, 2015, 08:04:03 AM |
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Investing half of your money to buy will be better step. If price rises you will almost double your money or not hold those pre bought coin and buy more cheaper coins with remaining fund.
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rebuilder
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Activity: 1615
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December 11, 2015, 08:09:12 AM |
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if you decide to buy it through Coinbase, it's probably best if you transfer it right out of there and into a safe wallet.
Can you elaborate on what you mean by "it's probably best if you transfer it right out of there and into a safe wallet"? Is Coinbase unsafe for some reason? Don't know about Coinbase specifically, but in general leaving your money with some small company in a jurisdiction you may or may not share is not a very safe idea. In fact, I'm pretty sure trusting third parties with their funds accounts for the majority of BTC lost by Bitcoin users. |
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Graphics
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December 11, 2015, 08:15:10 AM |
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Not at all... We thought that it was a bad time to buy a few weeks ago when they were around $350 apiece.
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jakelyson
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December 11, 2015, 08:16:46 AM |
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There is this thing called cost averaging. Simply put, you should buy a specific amount in regular intervals. We can say 500$ every week. So even if the price goes up or down, your average cost is still cheaper than the current price. Then all you have to do is wait till the price hike and all is gain.
And I also support that you should transfer your coins into a safer wallet.
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helloeverybody
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December 11, 2015, 08:18:03 AM |
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Depending on how it goes, now might be the only time to buy for some people.
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600watt
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December 11, 2015, 08:33:41 AM |
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i have the feeling this thread will get funnier and funnier all the way to new ATH.  432 W O A H |
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Wolf Rainer
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December 11, 2015, 08:40:30 AM |
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It´s the best time to buy. Bitcoin under 400 never again.
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Amph
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December 11, 2015, 08:47:12 AM |
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If you know abit about technical analysis, price spikes usually followed by some sort of price retracement. Wait for it
yeah but you don't know what the top will be to calcualte this retracement, so it can be 600 and then retrace to 50, and not 400 like many would think so we can have double top followed by a new bottom that was unpredictable prior the pumping |
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bitlancr
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December 11, 2015, 08:59:38 AM |
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if you can afford to lose the 5k, buy now.
if that does not feel right, use half and buy now.
wait two weeks and decide about the 2nd half.
we are in the strongest bull run in 20 months, imho would not wait too long.
Exactly this. If you can afford to spend 5000 on bitcoin you should go for it, don't wait too long. You never know what will happen with the price. |
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Altynbekova
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December 11, 2015, 09:10:15 AM |
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It´s the best time to buy. Bitcoin under 400 never again.
I hope that you are right with that, because saying bitcoin never to 100 - 200 - 300 dollars that would be great. Yes this is a really good time to buy now, but if people are not confidenta about it just buy little amounts. |
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LFC_Bitcoin
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December 11, 2015, 09:12:26 AM |
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Buy now or cry later !
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elite3000
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December 11, 2015, 09:15:45 AM |
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Just buy now before the price will go up to 1000$! Hey its now or never! If you bought some on the time you posted this thread and you'll definitely on profit now! (Price is now 430+ and rising  ) Hope you don't have regrets when you haven't bought yet and the price went to the moon. I'm not an expert though  |
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Mickeyb
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December 11, 2015, 09:45:32 AM |
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Honestly it seems that now is really a time to buy. Every morning I wake up we are gone higher and higher.
Something is definitely going on and the positive pressure is not ceasing. This is just a new Bitcoin outlook in my opinion. After a 2 year of down period we are now in the green for a time to come. Whoever wants in better get in fast!
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BitMaxz
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:( My PC broke due trying to recover an old wallet
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December 11, 2015, 09:46:30 AM |
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I think this not a good time to buy But this is the sign that the price will rise above $500
well just find another way to have bitcoin than buying a bitcoins.
Because Maybe you will lose or you can gain profit with your bought bitcoins..
But if you wait just wait for falling down even a little. I'm not expert. but Is just my speculation..
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aBitNew (OP)
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December 11, 2015, 09:48:24 AM |
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Don't know about Coinbase specifically, but in general leaving your money with some small company in a jurisdiction you may or may not share is not a very safe idea. In fact, I'm pretty sure trusting third parties with their funds accounts for the majority of BTC lost by Bitcoin users.
I'm new to Bitcoin -- what's the alternative to Coinbase? I've read you can store your wallet on your computer, but I would be afraid to do that because then I'd lose everything if my computer crashed or was stolen, right? I need to read more on how Bitcoin works.. |
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