Is Now The Time To Buy?

[Welsh]

$180 in one week? is it always this volatile? im guessing everyone will sell at that point and it will then crash?

Could be the time it might crash. I think a lot of people are counting on it reaching $200. Although, I don't think that will happen yet.

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[elor70]

Wait for it to get cheaper

[mechs]

It is a volatile commodity Bitcoin.  Buy on the dips (there will be many more), not chase on the way up.

[norpick]

and litecoin? i know its not as big as bitcoin. and i dont mine for it. but would it be worth starting? if im right in understanding you cant use block erupters to mine for them either.

[Coin4Future]

Yesterday I bought 5 BTC. So, I think you can buy now. Price will go up this month.

[Time2Rest]

There is not specific time to buy or sell bitcoin. Every single moment peoples buying and selling bitcoin.

[TheHarlemSheikh]

$180 in one week? is it always this volatile? im guessing everyone will sell at that point and it will then crash?

Pretty much, the market is still undecided as to just how useful btc really is and therefore we can expect volatility in the market to continue. The infrastructure (in terms of mining, exchanges, stock markets etc) has not developed to the point where its potential is even close to fully exploited. That isn't to say the infrastructure will inevitably develop, of course. For that to happen we'd need to have some big players (amazon, paypal, google etc.) decide that the potential benefits of btc adoption outweigh the risks - and tbh, if I was playing with that kind of money, I'd probably look elsewhere, at least in the near future.

[hundleycrozco]

I think you can buy now. The price is stable at this point and I'm sure it will hit $200 within 2 weeks.

[ajw7989]

I have a feeling that bitcoin will continue to rise especially considering how the difficulty is rising exponentially. The average person will eventually stop mining and just buy or earn bitcoins once the difficulty gets so high.

[mechs]

I have a feeling that bitcoin will continue to rise especially considering how the difficulty is rising exponentially. The average person will eventually stop mining and just buy or earn bitcoins once the difficulty gets so high.

Not necessarily if the price of asic h/w continues to drop in tandem

[Lauda]

Buy it before some big group of investors jump in, then it will be too late.

[jmevz]

I think we'll see another drop in price IMO before it hits the $200 mark at any time. Bitcoin needs more acceptance!

[DaFool]

If you ask me whether you should buy bitcoins or stay away from it at all I would tell you that the answer to that depends on your own willingness to take a risk.

Paypal will likely not implement bitcoin since bitcoin makes their business model of transfering money pretty much obsolete. I followed the news about that and the ceo of paypal decided that paypal will not try to assimilate bitcoin but work against it as a company. This becomes pretty evident since paypal is suspending accounts of people who were using their service to buy bitcoin mining equipment.

At the same time this ceo invested into BitPay, a service that does pretty much the same as paypal, but using bitcoin to process payments. That shows that someone with a lot of expertise in financial services thinks that it has a real potential in e- commerce.

A possible scenario would be that BitPay could start accepting Fiat using Bitcoin as a financial vehicle to do the transactions in the background. (Since its cheaper and faster than Banks.) In this scenario the 21 million bitcoins could be used to transfer pretty significant amounts of money. This would mean the price would have to go up in order to have enough BTC to cover all these transactions.

If you ask me if you should buy BTC or invest into mining equipment I would clearly suggest that you buy Bitcoins and hold them and I will tell you why:

People are not gonna sell you a miner for less btc than it will likely generate.

Here is a calculator where you can enter the specs of mining hardware and compare the profit mining to the profit just buying btc: http://btcinvest.net/bitcoin-mining-profit-calculator.php

On top of that the difficulty and hashrate are increasing at an insane rate and its pretty much impossible to foresee how this will go on. Maybe 600GH/s won't do much for you in 3 month or so.

I hope this helps people to make the decision that is right for them and remember to always invest/ gamble responsibly 

[expertcoin]

I opened a buy order at around $50, but I doubt it'll reach that low in the near future

You have 0% chance to buy again with $50. I'll suggest you to buy now to make profit. Bitcoin will hit $200 soon.

[dial2mcallister]

Bitcoin will hit $200 soon. So, I think you can buy now.

[bombbomb]

I'll suggest you buy BTC from btce and sell on mtgox. You will be rich within few days.

[sidhujag]

I'll suggest you buy BTC from btce and sell on mtgox. You will be rich within few days.

This is why your still a newbie.

[sidhujag]

I opened a buy order at around $50, but I doubt it'll reach that low in the near future

You have 0% chance to buy again with $50. I'll suggest you to buy now to make profit. Bitcoin will hit $200 soon.

0% means no chance at all? Ever look at the 2007/2008 chart of say GBP/JPY? I doubt it. Enough said.

[DaFool]

I'll suggest you buy BTC from btce and sell on mtgox. You will be rich within few days.

This is why your still a newbie.

Don't listen to him, he's just envious that he and the rest of the bitcoin universe didn't discover this before, go ALL IN  

*just kidding, dont do it*  

[Lauda]

I opened a buy order at around $50, but I doubt it'll reach that low in the near future

You have 0% chance to buy again with $50. I'll suggest you to buy now to make profit. Bitcoin will hit $200 soon.

Oh really? If Satoshi dumps a few hundred thousand, you will have the chance to buy with 1$ again.