BouerBouer (OP)
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June 19, 2011, 04:51:27 PM |
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Hey guys, can anybody make any good tips or tricks to do if you were to invest in Bitcoins? I'm considering to invest in about 10 Bitcoins then use buy low/sell high to make a small profit off it, but since the value of Bitcoins fluctuate so much I'm not aware of any good ways to predict what will happen to the value of them in the future.
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jack_jones
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June 19, 2011, 05:10:27 PM |
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Hence the nature of volatile markets....
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bji
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June 19, 2011, 05:15:03 PM |
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Hey guys, can anybody make any good tips or tricks to do if you were to invest in Bitcoins? I'm considering to invest in about 10 Bitcoins then use buy low/sell high to make a small profit off it, but since the value of Bitcoins fluctuate so much I'm not aware of any good ways to predict what will happen to the value of them in the future.
My advice: don't do it. The only people who are reliably going to make significant amounts of money off of bitcoin are the early adopter cabal with tens or hundreds of thousands of bitcoins. Everyone else is just gambling in a game that likely has worse odds than normal stock market gambling. Bitcoin will survive long-term merely as a means for making illegal purchases, or purchases that the user doesn't want tracked to them for some reason. This is a niche market for a currency and it will never even approach e.g. visa or paypal in its total volume of transactions or money exchanged. |
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Roland68
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June 19, 2011, 05:20:04 PM |
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The idea of Bitcoin is so revolutionary ... if the system is safe and secure ...this can be a major new way of doing business thru the internet ...
this is so new , bitcoin can be a danger for legacy paiement system ...
highly speculative currency for the moment ...
I would buy some of them ...
IMHO the value of bitcoin will continue to grow ...
or go to zero ....
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BouerBouer (OP)
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June 19, 2011, 05:23:26 PM |
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The idea of Bitcoin is so revolutionary ... if the system is safe and secure ...this can be a major new way of doing business thru the internet ...
this is so new , bitcoin can be a danger for legacy paiement system ...
highly speculative currency for the moment ...
I would buy some of them ...
IMHO the value of bitcoin will continue to grow ...
or go to zero ....
Okay, so you're suggesting wait it out? |
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Maged
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June 19, 2011, 05:29:29 PM |
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Don't invest any more money than you'd bring to a casino.
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Roland68
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June 19, 2011, 05:35:08 PM |
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The idea of Bitcoin is so revolutionary ... if the system is safe and secure ...this can be a major new way of doing business thru the internet ...
this is so new , bitcoin can be a danger for legacy paiement system ...
highly speculative currency for the moment ...
I would buy some of them ...
IMHO the value of bitcoin will continue to grow ...
or go to zero ....
Okay, so you're suggesting wait it out? No ...I said "il will buy some" ... of course don't risk needed money ... |
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bji
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June 19, 2011, 06:00:23 PM |
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this is so new , bitcoin can be a danger for legacy paiement system ...
A payment system that requires a minimum of 10 minutes to verify a transaction, and likely hours or more once it achieves significant penetration, is not a danger for legacy payment systems. |
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BouerBouer (OP)
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June 19, 2011, 06:03:26 PM |
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The idea of Bitcoin is so revolutionary ... if the system is safe and secure ...this can be a major new way of doing business thru the internet ...
this is so new , bitcoin can be a danger for legacy paiement system ...
highly speculative currency for the moment ...
I would buy some of them ...
IMHO the value of bitcoin will continue to grow ...
or go to zero ....
Okay, so you're suggesting wait it out? No ...I said "il will buy some" ... of course don't risk needed money ... That came out wrong. :p I meant wait it out and see what happens to the currency before considering to invest. I'll probably do that as I'll be able to invest at most 20BTC. thanks for suggesting that I should invest anyway, though.  |
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okashira
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June 19, 2011, 06:05:41 PM |
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BTC investment advice of the day:
just keep a bid order for as much BTC you can afford at 0.05 dollars each. wait for someone to sell off their 500,000 BTC for 0.001 to fill all orders and profit later.
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BitcoinPorn
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June 19, 2011, 06:14:55 PM |
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Buy for long term, ignore the market until security is not an issue.
Otherwise, enjoy the ride if you are going for the buy high / sell short game
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ketsa
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June 19, 2011, 06:15:42 PM |
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"Prediction is very difficult, especially about the future."
Niels Bohr
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