Is it a good idea to buy Bitcoin now at $29?

[b!z]

Any opinions?

[StarenseN]

These are cheap bitcoins.

[b!z]

These are cheap bitcoin.

I mean at $29.40 or whatever. Any ideas?

[Stapleddiet]

I am not sure if I want to sell anymore for awhile but it is a good question, when will it stop or pull back for the time being.
My first time of having fiat to exchange for BTC was about this price in 2011, I believe it will go higher over time.

[Luno]

Do you regret buying a gold necklace for your girlfriend today when you could have bought one in the 80'ies at 25% the price?

[Frequency]

If your "fiat" just hanging around your bankaccount sleeping and you could mis some just buy ...enjoy the risk you take... And feel you are alive when the market keeps asking for your btc...nobody wants your fiat in the future,,,,

[mp420]

I honestly do not know. It might be, and then again it might be a moderately bad idea.

If you're buying them as a novelty and not investing heavily into BTC, then go ahead. If you're thinking of allocating your life savings into them, then do it if you want to take the risk.  You need to do your own due diligence.

I doubt that we'll go significantly below $10 unless the whole Bitcoin network fails. And I think we'll see much higher prices before correction. But I can't guarantee we won't be in the $10 to $20 range for an extended time after the current rally is over. On the other hand, I can't guarantee we'll see prices below $30 after this week, either.

[Spekulatius]

If you have to, buy at 30.1$. There is a chance this psychological barrier will stop the rally.

[b!z]

I honestly do not know. It might be, and then again it might be a moderately bad idea.

If you're buying them as a novelty and not investing heavily into BTC, then go ahead. If you're thinking of allocating your life savings into them, then do it if you want to take the risk.  You need to do your own due diligence.

I doubt that we'll go significantly below $10 unless the whole Bitcoin network fails. And I think we'll see much higher prices before correction. But I can't guarantee we won't be in the $10 to $20 range for an extended time after the current rally is over. On the other hand, I can't guarantee we'll see prices below $30 after this week, either.

What do you think prices will be after the correction?

[mp420]

I honestly do not know. It might be, and then again it might be a moderately bad idea.

If you're buying them as a novelty and not investing heavily into BTC, then go ahead. If you're thinking of allocating your life savings into them, then do it if you want to take the risk.  You need to do your own due diligence.

I doubt that we'll go significantly below $10 unless the whole Bitcoin network fails. And I think we'll see much higher prices before correction. But I can't guarantee we won't be in the $10 to $20 range for an extended time after the current rally is over. On the other hand, I can't guarantee we'll see prices below $30 after this week, either.

What do you think prices will be after the correction? $15?

I have no idea. Somewhere between $10 and $40, I guess.

[mccorvic]

Always buy!

I mean, don't go crazy and take out a third mortgage on your house to acquire more, but you know, be reasonable. 

[RodeoX]

I am buying. My guess is that the real rally begins at $32.

[c0ikws]

I honestly do not know. It might be, and then again it might be a moderately bad idea.

If you're buying them as a novelty and not investing heavily into BTC, then go ahead. If you're thinking of allocating your life savings into them, then do it if you want to take the risk.  You need to do your own due diligence.

I doubt that we'll go significantly below $10 unless the whole Bitcoin network fails. And I think we'll see much higher prices before correction. But I can't guarantee we won't be in the $10 to $20 range for an extended time after the current rally is over. On the other hand, I can't guarantee we'll see prices below $30 after this week, either.

So you're pretty much not saying anything lol

[mccorvic]

So you're pretty much not saying anything lol

Welcome to the Speculation sub-forum!

[Vandroiy]

Any opinions?

Well, buying something when it's close to a price record years after it first gained public attention... ya, it can do profit, who knows the future. But whatever the profit, the speculator already admits screwing up by a huge factor and using horrible timing.

Let's just say it doesn't classify as an expert move.

[Vladimir]

Long term it will go either to 0$ or to 10000$ (maybe a few more zeroes). If this indeed is the case then buying at 26$ or 31$ or whatever other 2 digit number does not make that much difference really.

[wachtwoord]

Long term it will go either to 0$ or to 10000$ (maybe a few more zeroes). If this indeed is the case then buying at 26$ or 31$ or whatever other 2 digit number does not make that much difference really.

Actually, the more it goes up, the bigger the influence of purchase price on ROI.

[Grouver (BtcBalance)]

It will hit the news for sure if price goes higher then the alltime high ($31.91) wich will trigger a new rally.

[ElectricMucus]

Attention do not disturb.

[Richy_T]

No way to tell. I'm continuing to hold the bitcoins I have though so I think things will continue to go up. But I am in for the long haul.

Right now, you could do worse than buy 3 or 4 at this price. The risk is low but if prices rise, you'll feel some benefit and get to be as smug as the rest of us