Is it wise to invest 1k into Bitcoin at this point?

[Fun4Me2]

What is your input?

[Cult]

I wouldn't advise someone to do it.

Invest in shitcoins instead.

Litecoin, STORJ, FLO, LBC, AMP, VIA, great buys at this point.

Remember, don't hold shitcoins forever, sell when in profit.

[michkima]

What is your input?

1k isn't much to be honest. Though I would say that it is still good to invest into bitcoins. I would say before the end of the year we could
even reach $10,000 each at this rate. Also, after all the drama about the forks the past couple of months this is really a good time to invest
as it has already been cleared and bitcoins is gaining a lot of popularity.

[jc89]

It actually depends on how long are you planning to invest. Today, we had value as low as $3985 and the highest is about $4400. I think it's better to wait for not higher than 4100 before you invest.

If you are planning for a long term investment like minimum of 6months to 1 year, then you can invest your thousand by all means. But I'd rather you study the trend first.

[BrewMaster]

for short term the risks are currently higher since bitcoin price has been rising with little stop so far it may need a longer correction than what we just saw in previous days.

but for long term investment, there is so little to worry about as bitcoin price will rise in long term for sure.

[leonair]

For me it is okay as Bitcoin only did some corrections but I think it will soar high again after the Segwit will be fully activated, don't expect a dip in price cause for me it is not likely to happen the resistance is strong in $4000 so my advice is go for it but take the full risk at your own. It is much better to invest until the year 2017 ends instead of investing for a short term so good luck to your $1k.

[The Sceptical Chymist]

Dude, this is a bitcoin forum and all you're going to hear is people telling you it's a great idea.   Do some reading here and you'll find an answer to your question one way or another.   

Personally I think it's a good idea, but bitcoin is very volatile and very risky.  If that $1000 is extra money,  go for it.  If you would be suicidal if you lost it all tomorrow,  don't do it.  And don't listen to people who tell you to buy their pet shitcoin.  They're bagholders looking for a sucker to unload on.

[Catmony]

Its better to invest that $1k in multiple coins rather than only in bitcoin. Invest 50% of it in bitcoin, 30% in ethereum and 20% in litecoin. In this way you can limit your risk of losing all you have and also this can increase your chances of making good profit in long term holding.

[Fun4Me2]

Im more so into long term investing, I will be purchasing other coins as well. I just wanted to know if it was wise to add bitcoin to my protfolio

[shirackjs]

Im more so into long term investing, I will be purchasing other coins as well. I just wanted to know if it was wise to add bitcoin to my protfolio

Yes it is wise to invest in Bitcoin. There are some expectations of Bitcoin going through correction since the price rise steadily for the past weeks. If you buy at high price now, the opportunity cost will be losing the chance to buy at lower point. For me, I will buy at this point of time since I am holding for long term. And no one knows what is the lowest price if correction happens.

[Betwrong]

What is your input?

Although several people in this thread suggest to invest in other altcoins and some suggest to invest in both, alts and BTC, I think if you have little to nothing knowledge about alts it's better to invest in Bitcoin solely. Bitcoin has now great potential and it is possible, like michkima said, that the price might reach $10k by the end of this year.

[zokora]

I suppose 1k is too much for you. You invest in bitcoin if you can forget this money for a long time. Bitcoin will increase upwards for sure but it may have big corrections in this time. You have to hold and forget about this money.

[bendri]

What is your input?

1k isn't much to be honest. Though I would say that it is still good to invest into bitcoins. I would say before the end of the year we could
even reach $10,000 each at this rate. Also, after all the drama about the forks the past couple of months this is really a good time to invest
as it has already been cleared and bitcoins is gaining a lot of popularity.

[Yakamoto]

What is your input?

It's not necessarily a bad idea, I wouldn't be against it, but there's a lot of money they can be made off of investing in other cryptos, using Bitcoin as a means to trade them. While it comes down to pump n dumps, and there's a fair amount of volatility and variability (especially since no crypto will ever stick around for long once it hits its own pump stage), there is a lot more value in this activity than passively waiting for the Bitcoin market to go up or down. Investing in Bitcoin as a tool, and less as a "real" investment, and start to put money into shitcoins and make money off of their own markets.

[bamboylee]

The price is soaring high and it is almost at its current resistance level. You could buy when it drops a bit like 4K or less. You could buy some alts though, they are all red this past few days. They will make good profit when the price stabilize a bit.

[Sumaiya55]

You should probably see the prices and the ups and downs in them from last 7 days or so, and you will have a clear idea if it is a good time to invest or not. Well, if i had that money and i was looking to invest them somewhere, i would do it of course, seeing the potential bitcoin has in future that is something i couldn't ignore at all, but, as it is always said, "Listen to everyone, do what you think is right."

[smartbitcoininvestor]

It really depends on your investment strategy and patience level. If you are holding Bitcoin for the long haul (more than 6 months) then anytime would be a good time to buy in. Of course, timing the price so you get a good value is both a good idea and risky at the same time.

Who knows when the price will go up to $5000? There is little chance of it dropping to $0, so you really have to do a risk assessment on the market and yourself.

Either way, most of the world is skeptical or just now learning about Bitcoin, so there is still major opportunity ahead especially with its limited supply and expanding uses.

You could gamble on cheaper altcoins and then invest the profits into Bitcoin, but imo that is more risky than buying Bitcoin flat out.

[25hashcoin]

No. I would buy a few Bitcoin Cash though.

[CarnagexD]

What is your input?

1k isn't much to be honest. Though I would say that it is still good to invest into bitcoins. I would say before the end of the year we could
even reach $10,000 each at this rate. Also, after all the drama about the forks the past couple of months this is really a good time to invest
as it has already been cleared and bitcoins is gaining a lot of popularity.

It is not much but it will do. Because the opportunity on having a profit out if Bitcoin even if the captain is small is the same. It just happened that you are just wasting an opportunity to earn more in the future. But actually it is not bad to deal with small start investment. You  could not obliged yourself on having money you actually not have. But in a hard work and the right time there is a higher possibility that you could earn more as much you could have a better option on earning.

[wearepoor]

What is your input?

I think you should wait for some time, there will be slightly correction in the bitcoin value. Once the price is low you can buy the bitcoin at lower price. But as per me 1K is very less investment, you should invest little more if you want to see more profit.