Help me decide when to buy 0.5-1 bitcoin

[Tsaoulas]

I want to get in just for the fun of it,I'll just keep it for a couple of years just to have one more reason to be excited with the bitcoin phenomenon.

But right now,in a matter of few hours the price goes from 160 to 190 euros.What should I do?Should I wait for the media panic to slow down?Will it be 110 euros ever again?

Thanks

[Mogumodz]

Last week.

[kapolani]

Last week.

Funniest post I've seen here yet!

Trying to bust out of newbie mode!

[Rahazan]

Whenever you think the price will go up afterwards.

[Scriptiee]

Are you wanting to invest money into the coins when these are right price?

For fun I would assume you just want to generate some using your hardware, investing money into it sound a little bit more serious (specially given the price of it at the moment)

[jonnybegooduk]

If you think they are going to go up, buy now!!! Dont wait any longer!? If they crash down to $100 why would you buy then anyway? You want to buy because they are heading north, so jump on board my friend.

[simondlr]

I want to get in just for the fun of it,I'll just keep it for a couple of years just to have one more reason to be excited with the bitcoin phenomenon.

But right now,in a matter of few hours the price goes from 160 to 190 euros.What should I do?Should I wait for the media panic to slow down?Will it be 110 euros ever again?

Thanks

If you are in for a "couple of years" just buy now. Will the price drop/correct within the next 'couple of years'? Yes. Will it eventually be more than it is now? My bet is on yes. So, just buy.

[Rodyland]

Two answers.

1. Just buy it.  If it goes to thousands or more, getting in at $200 or $250 makes no difference.  Same if it goes to zero.  And the chances of today's market price being the all-time high are slim (but certainly nonzero).

2. dollar cost averaging.  Look it up.  I've been doing it since it was in the teens - the first time.

[BitcoinMillionaire]

Best time to buy is now. Bitcoins are going to $10k USD mark my words. It may take a decade or so, but it will happen. In ten years when remember to come back and check this post. Maybe shoot me a message if I'm still alive I'll invite you to my yacht party.

[elebit]

There's going to be a price correction sooner or later, that is absolutely sure. But is it going to fall below $250?

Don't believe anyone who says they have the answer to that. When nobody knows it's going to depend on how much money you have to invest. I'd probably go for a couple of bitcoins now just in case if I were you, and if/when it falls below today's value I would buy more. It's risky as hell of course but slightly less than waiting for a drop that may never come.

[diamanddog]

last year

[Bitformance.com]

If you time scope is 1 year+ I'd split the orders up and buy once a day/week. That way you get the average price over the year which is fair. This reduces the risk of buying high and loosing a lot (but of course also takes the chance of buying low).

Setup an account at Mt.Gox and you can just buy tiny amounts of bitcoins every day. Good luck!

[btcminer021]

There will be a bottom for the day at 09:45:13.78 ET today when I sell everything!

[Anon136]

I want to get in just for the fun of it,I'll just keep it for a couple of years just to have one more reason to be excited with the bitcoin phenomenon.

But right now,in a matter of few hours the price goes from 160 to 190 euros.What should I do?Should I wait for the media panic to slow down?Will it be 110 euros ever again?

Thanks

i would buy a little bit now so you dont miss the train. Then if we see a correction buy a lot.

[Rodyland]

Turns out we picked the top .   hope  you bought intothe dip.   

[n691309]

Ah, small correction today, buy now 

[M3t]

Buy immediately, while the market is recovering from the DDoS attack. The value will continue to skyrocket until it reaches $300 by the end of the month. By the end of the year I estimate it to hover around $700-800.

[Getawhale]

And in 10 years, it will hover around $1,000,000! Get in quick.

 

[tclo]

Well you are already 'wrong" to say "I'll keep it for two years"   What if another bubble forms and another crash..you want to just blindly hold it through that.  A lot of people sold today over $200 and bought back at $130 or so.  And it wasn't difficult to do that besides the exchanges not keeping up.  So just don't blindly hold while it goes to $300 and then down to $10 or something...just not smart.

But short term, I would expect the price to drift downward over the next few weeks/months.  I sure wouldn't pay over $100 for it...maybe $75 tops for 1 BTC.   Otherwise risk is too high for possible reward.  

If you are anxious to get in on the fun just buy .1 BTC on ebay or even .01...better than buying at a time when technical analysis says sell.

This is what I did.  I have .02 BTC in my wallet and feel like I am part of it, even though I only spent about $5.00.

[odolvlobo]

If you are really just buying it for fun, then you should just buy it now and not worry about the price (unless worrying is your idea of fun).