bitbit (OP)
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April 07, 2013, 07:17:52 PM |
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If you had 50 bitcoins and 10,000 USD, what would you do? Sell and wait for correction? Buy and wait for price increase?
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Mike Christ
aka snapsunny
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April 07, 2013, 07:20:39 PM |
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I'd buy in when it's high, I'd buy in when it's low.
At this point, you just don't know what the high is and what the low is. All I know is the price per Bitcoin will probably be higher than it currently is in the long run.
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fr33d0miz3r
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April 07, 2013, 07:20:54 PM |
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If you had 50 bitcoins and 10,000 USD, what would you do? Sell and wait for correction? Buy and wait for price increase?
Buy and wait for price increase. |
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tutkarz
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April 07, 2013, 07:24:37 PM |
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Leave it where it is. You'll sleep more soundly at night.
I dont think so, your $$$ will loose value for sure. Bitcoin my gain value or not. But if you wont buy bitcoins and they will increase in value then you just lost your potential income. My advice would be if you can afford to loose $$$ then simply buy bitcoins. Its more to gain than to loose. |
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kgo
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April 07, 2013, 07:51:59 PM |
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Assuming you believe in some sort of fundamental value of bitcoin that's higher than it is now and aren't just trying to get rich quick...
Dollar Cost Averaging.
If you're interested in Bitcoin start putting in (say) 500 dollars a week. If the price goes up you'll have some old coins that were cheap. If it goes down, you can buy new coins cheap.
If the bubble pops in a month you'll still have $8,000. If the price keeps doubling every week, you'll have $7500 worth of bitcoins bought for a total of $2,000.
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kgo
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April 07, 2013, 07:54:56 PM |
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Assuming you believe in some sort of fundamental value of bitcoin that's higher than it is now and aren't just trying to get rich quick...
Dollar Cost Averaging.
If you're interested in Bitcoin start putting in (say) 500 dollars a week. If the price goes up you'll have some old coins that were cheap. If it goes down, you can buy new coins cheap.
If the bubble pops in a month you'll still have $8,000. If the price keeps doubling every week, you'll have $7500 worth of bitcoins bought for a total of $2,000.
Or if you like bitcoin but think we're in bubble territory, sell BTC on the way up the same way and hopefully rebuy for cheap later. |
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Zendata
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April 07, 2013, 07:58:10 PM |
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Sell high, buy low. We just dont know what the damn high is yet  |
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zif33rs
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April 07, 2013, 07:58:30 PM |
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BUY BUY BUY!  Seriously...$200 by the 12th. Tommorrow should be epic. Long term is looking better and better. |
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tutkarz
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April 07, 2013, 08:17:56 PM |
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Leave it where it is. You'll sleep more soundly at night.
I dont think so, your $$$ will loose value for sure. Bitcoin my gain value or not. But if you wont buy bitcoins and they will increase in value then you just lost your potential income. My advice would be if you can afford to loose $$$ then simply buy bitcoins. Its more to gain than to loose. $10000 will lose value over years, but not over days. Bitcoin can lose all of its value in an instant. Stick around for an actual correction and see how it feels to watch your wealth disappear in the blink of an eye. That's when you start to ask yourself whether you might have gambled more than you could afford to lose. You will loose on bitcoin only if you sell cheaper than you bought. If price will be even $1 for a while you lost nothing if you didnt sell. |
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tutkarz
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April 07, 2013, 08:21:14 PM |
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Assuming you believe in some sort of fundamental value of bitcoin that's higher than it is now and aren't just trying to get rich quick...
Dollar Cost Averaging.
If you're interested in Bitcoin start putting in (say) 500 dollars a week. If the price goes up you'll have some old coins that were cheap. If it goes down, you can buy new coins cheap.
If the bubble pops in a month you'll still have $8,000. If the price keeps doubling every week, you'll have $7500 worth of bitcoins bought for a total of $2,000.
It is still loosing money if bitcoin would gain value meantime higher than you expect. Since no one can know for sure what will happend, only thing we can do is to measure how much we can potentially gain or loose. |
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Brushan
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April 07, 2013, 08:28:08 PM |
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10000 USD is alot of money but BTC price will probably rise dramatically the following days. The way i see it, 1 BTC in a couple of years will either be worth thousands of USD or close to zero. Risk some of that money and buy BTC today because i don't think the price will go down. But at the same time don't invest any money you can't afford to lose.
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kgo
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April 07, 2013, 08:53:30 PM |
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Assuming you believe in some sort of fundamental value of bitcoin that's higher than it is now and aren't just trying to get rich quick...
Dollar Cost Averaging.
If you're interested in Bitcoin start putting in (say) 500 dollars a week. If the price goes up you'll have some old coins that were cheap. If it goes down, you can buy new coins cheap.
If the bubble pops in a month you'll still have $8,000. If the price keeps doubling every week, you'll have $7500 worth of bitcoins bought for a total of $2,000.
It is still loosing money if bitcoin would gain value meantime higher than you expect. Since no one can know for sure what will happend, only thing we can do is to measure how much we can potentially gain or loose. No it is not losing money if you don't buy before the price goes up. It simply isn't gaining as much. On the flip side the potential loss is also lower if the so-called bubble pops. It's a risk mitigation strategy that allows you to follow the general trend of the market instead of trying to profit as a day trader. Alternately you can do hours of weeks of research and technical analysis, listen to a bunch of people who think bitcoin is going to correct to 50 or shoot up to 1000, pick the exact perfect time you want to buy or sell, execute the trade, and still get it totally wrong and lose a bunch of money. |
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Elwar
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Viva Ut Vivas
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April 07, 2013, 08:57:13 PM |
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The dollar is reaching the tipping point of its bubble.
Best to get rid of them while you still can.
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First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin. |
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BTC Books
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April 07, 2013, 09:11:09 PM |
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If you have to ask, you can't afford it.
Maybe you can't afford the stress. Maybe those dollars are rationally (to you in your own situation) better spent or kept elsewhere.
Ask a bear and they'll tell you to sell your bitcoin before its value evaporates. Ask a bull and they'll tell you to buy in with those dollars now!
Maybe you should just sit tight, until regret overpowers caution - or greed withers before the onslaught of disappointment.
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Dankedan: price seems low, time to sell I think...
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Zendata
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April 07, 2013, 09:30:56 PM |
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By contemplating you've already missed out on $10 dollars.  |
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DeathAndTaxes
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Gerald Davis
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April 07, 2013, 09:34:16 PM |
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Buy $1,000 worth per week for next 10 weeks. Maybe you leave some profit on the table if the exchange rate only goes up but on any dip you will freak out less knowning you can deploy more capital. To get the most of dollar cost averaging the dollar amount should be the same on each purchase, not the amount of BTC purchased. This means you buy more at a lower price and less at a higher price automatically and your basis (entry point) is lower.
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opsd1
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April 07, 2013, 10:49:47 PM |
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Bitcoin is presently trading like a stock that is on the verge of a major breakout (again). I'd buy.
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Frost
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April 07, 2013, 11:09:53 PM |
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I will exchange all my Second Life income to BC so that it wont hurt if I lose it because I don´t see my small amount there as my real life money but rather as a virtual world currency. But I believe in BC a little bit and do want to support it.
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600watt
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April 07, 2013, 11:23:51 PM |
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Leave it where it is. You'll sleep more soundly at night.
I dont think so, your $$$ will loose value for sure. Bitcoin my gain value or not. But if you wont buy bitcoins and they will increase in value then you just lost your potential income. My advice would be if you can afford to loose $$$ then simply buy bitcoins. Its more to gain than to loose. nice thought ! |
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600watt
Legendary
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Activity: 2338
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April 07, 2013, 11:27:29 PM |
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Leave it where it is. You'll sleep more soundly at night.
I dont think so, your $$$ will loose value for sure. Bitcoin my gain value or not. But if you wont buy bitcoins and they will increase in value then you just lost your potential income. My advice would be if you can afford to loose $$$ then simply buy bitcoins. Its more to gain than to loose. $10000 will lose value over years, but not over days. Bitcoin can lose all of its value in an instant. Stick around for an actual correction and see how it feels to watch your wealth disappear in the blink of an eye. That's when you start to ask yourself whether you might have gambled more than you could afford to lose. You will loose on bitcoin only if you sell cheaper than you bought. If price will be even $1 for a while you lost nothing if you didnt sell. sounds nicer than "your gain is worth nothing before you haven´t cashed out" |
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