Step-by-step guide to know when to invest

[freightjoe]

Right, current profits intact. Profits they wouldn't have realized without Bitcoin. Simple as that. Their risk paid off. If they had listened to you, they'd have none.

Spoken like a lucky man leaving the casino having won at the roulette. That does not make gambling in the casino into an activity that can be recommended for profits.

[freightjoe]

Bitcoin wont go down so soon buddy as it has many more achievements to be accomplished.

Apart from a mass-psychosis where everyone is over-bidding each other on the suggested valuation, nothing real has actually been accomplished.

[scottykarate]

Right, current profits intact. Profits they wouldn't have realized without Bitcoin. Simple as that. Their risk paid off. If they had listened to you, they'd have none.

Spoken like a lucky man leaving the casino having won at the roulette. That does not make gambling in the casino into an activity that can be recommended for profits.
[/quote

By whatever method you want to call it, they have seen a truly meteoric rise in the last year.. enough to see some people through or cash out very soon. Irrespective of your view on HOW they succeeded, they have. Call it what you want.]

[YuginKadoya]

your first step is to prove bitcoin is in a bubble then continue on with your other bullshit to reach game over.

besides I don't get why you are even here, on a bitcoin forum, if you think bitcoin is shit! honestly your post history is filled with crap about bitcoin, how bad it is, how miners are "slavemasters", how everything is going to end, and how bitcoin is going to die, .... and all kinds of crap like that against bitcoin.

why would someone who thinks like this about bitcoin even wastes his time talking about it this much?

Because I have the hope that it will cause at least a few people who cannot afford to lose their savings to pull out before it is too late

Lose a saving? you are just spouting nonsense about bitcoin and how to invest in it, yes many investors and even the promoters would sure say to you to get on with buying if the price goes down because many is seeing it as an opportunity to get even more profit, I really think you don't get enough yourself or in my opinion you are just saying things that will let the price go down because you yourself can not afford to invest in it because of the price of bitcoin right now.

[patt0]

Well, lets face it. There is a risk involving bitcoin investment and I wont argue with that, but I don't that bitcoin is a bubble, nor that it will burst. Bitcoin offers a real alternative to banks, and that suits rich people, because they are now in control of their money, and can get richer by not paying fees, or facing the risk to see their assets confiscated in a blink. It also suits poor people that don't have access to banks in the first place.
It also suits merchants, because it offers them a way to operate with less fees, than what is offered by PayPal of Visa (assuming the network is fine, and the scalability problem is solved). Finally it's a more convenient way for everyone when it comes to send money to another person, because it's safe, and it does not require the interference of a middle man (banks).
I wont even talk about decentralization here, and how your money is safe from governments failure (see Venezuela, Zimbabwe, etc).

So since bitcoin is not a bubble, and assuming that people will realize it's benefits, then I don't see how it will burst (like everyone starts selling to get their profits). Specially if merchants start accepting it.

As for miners, even if they start leaving, don't forget that the difficulty adjusts to the available hash power, so, it would take a while, but even with less miners, the fees would stabilize eventually for those that stayed.

Bitcoin can fail, but not because it's bad or useless. Bitcoin can fail because people are greedy. I think you would be much more helpful to everyone, if instead of warning people on how bitcoin will fail, you should try to explain them why it is so important for everyone, that we don't cause bitcoin to fail.

[allthingsluxury]

Dollar cost averaging is always the safest and least stressful way to go. Ride the highs and lows, with advantages to both. Long term accumulation is your friend.

[freightjoe]

Bitcoin offers a real alternative to banks, and that suits rich people, because they are now in control of their money, and can get richer by not paying fees, or facing the risk to see their assets confiscated in a blink.

This is not a problem for rich people. Due to their size they get good deals with the banks on fees. Rich people have good lawyers and place their money in locations where they are not confiscated.

It also suits merchants, because it offers them a way to operate with less fees, than what is offered by PayPal of Visa (assuming the network is fine, and the scalability problem is solved).

But the problem is still not solved, and therefore it does not suit merchants

it does not require the interference of a middle man (banks).

The new middle man is the miner. You will be forced to accept their high fees like we saw recently, or your transaction will take days or not go through at all

Bitcoin can fail, but not because it's bad or useless. Bitcoin can fail because people are greedy.

Well, if there is one thing we know for sure in 1000 years of human history it is one thing: People are greedy.

Therefore by your own argument, Bitcoin will fail

[patt0]

It also suits merchants, because it offers them a way to operate with less fees, than what is offered by PayPal of Visa (assuming the network is fine, and the scalability problem is solved).

But the problem is still not solved, and therefore it does not suit merchants

I agree with you, but there are possible solutions that will be implemented in the future. The lightning network is not just in paper, it's already being tested both in BTC and LTC, on a testnet. We already saw an atomic swap with the LN between LTC and BTC. Also don't forget that segwit, although it's already implemented, it's still not being used by all wallets and exchanges. This will help with fees, so I guess that if people are not using it right now, is because they are not that worried with the actual fees.

it does not require the interference of a middle man (banks).

The new middle man is the miner. You will be forced to accept their high fees like we saw recently, or your transaction will take days or not go through at all

Again people are not really worried about this apparently, because most of them are not already using segwit, and they could. The LN will again solve this, and is already being tested. Finally if you compare the fees to what you get for international transfers, or even using third party services like Neteller or PayPal or even Visa, you will see that they are not that high (depending on how fast you want your money through). There is a reason why you see some schools and universities already accepting BTC as a payment, and declining Visa.

Bitcoin can fail, but not because it's bad or useless. Bitcoin can fail because people are greedy.

Well, if there is one thing we know for sure in 1000 years of human history it is one thing: People are greedy.

Therefore by your own argument, Bitcoin will fail

Yes you are correct about this, but this is not a BTC problem, and everything else is affected by this as well. That's one of the reasons we keep having economic crashes. The thing is, there is not much we can do about that, because we depend on services that are offered by greedy people, even if we are not greedy ourselves. This is actually one of the reasons BTC was created in the first place, so that we have a chance to try to depend on our own choices.