Trading in BTC is easy!

[JimCGSavings]

After reading here for a few days, I finally understand what's going to happen next:
1. This week Bitcoin is going to remain at $105-$106. Sunday night some "whale" is going to sale a bunch of Bitcoin, sending it down to $30-$50. Then it'll shoot back up to $180 in 2 weeks.
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2. Daytrade on this rinse and repeat cycle every couple of weeks until Bitcoin suddenly shoots up to $300k a coin by June next year. Well why didn't you all just say so! All us Noobs have to do is buy in at $30 and sale at $180!
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3. Profit! Now if I can just figure out that wallet.dat thingy, and get some fiat, getting uber rich will be easy! What? 108-109 now? But...profit?? argh.

And this all has something to do with a "Wall." I'm assuming it's the one the dart board is hanging on. Best advice I've seen yet; "buy bitcoins with all your spare cash. Never invest more than you can afford to lose."

https://www.zazzle.com/rlv/bitcoin_new_wealthy_elite_dart_board-r1e5840aa014b433980024ba70cdeec03_fomu6_8byvr_216.jpg

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[zoinky]

Hi, you must be new here..

[JimCGSavings]

Hi, you must be new here..

Yep. Trying to understand enough about BTC to decide if it's worth the risk as an investment.

[knight22]

Hi, you must be new here..

Yep. Trying to understand enough about BTC to decide if it's worth the risk as an investment.

Long term I would say yes.
Short term... I hope you're a very good trader or very lucky

[JimCGSavings]

Hi, you must be new here..

Yep. Trying to understand enough about BTC to decide if it's worth the risk as an investment.

Long term I would say yes.
Short term... I hope you're a very good trader or very lucky

I'm not trading at all. Just speculating.

[Odalv]

Best advice I've seen yet; "buy bitcoins with all your spare cash. Never invest more than you can afford to lose."

Here is second one "Buy and hold".

[bassclef]

Once everyone figures it out, the strategy doesn't work anymore

[Crypt_Current]

Hello, welcome.

Unless you're an experienced daytrader (and even in that case), if you're spending USD or other fiat to get BTC, your best bet is to buy and hold.  This alone will way outperform gold.

If you're sorta kinda tech-savvy, you might want to look into mining to obtain BTC -- best bet / easiest setup right now would be the Block Erupters.

Have fun; be safe.

[torba]

I feel like people who are expecting the sunday dumps are causing them.

[Crypt_Current]

I feel like people who are expecting the sunday dumps are causing them.

2012 called; they were concerned about their sudden missing feeling.  They don't want it back or anything -- they just wanted me to put the word out.

(i.e. great job -- old news)