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Author Topic: Wrong time to invest in bitcoin with the confusion?  (Read 1303 times)
fryarminer
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September 01, 2015, 11:23:01 PM
 #21

I personally am very invested in bitcoin, just got my first paycheck 100% in bitcoin, but I'm going to withdraw from bitcointalk for a while. The copious amount of trolls, FUD spreaders and useless arguing from people who know nothing but say they know everything has really turned me off. This is like noob central unleashed.
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September 01, 2015, 11:26:37 PM
 #22


Telling a newbie it's the best time to get into Bitcoin is irresponsible.


You'll notice that I added the caveat 'stomach the risk'.

It depends what said newbie wants. If they just want to transact then it doesn't really matter when they buy. If they want to make money then they have to break off from the herd, ignore their emotions and buy when things are looking shaky. I don't know if it's anywhere near reaching that phase. It might become a whole lot worse.

Those who bought when Silk Road was closed and people briefly thought the whole game was over did rather better than those who bought at $1000 when it looked like it was hitting the parabolic curve and everyone was set for life.

That's how every market works without fail. It's up to them to decide for themselves whether they've got what it takes to make the right call.


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September 01, 2015, 11:35:40 PM
 #23


Telling a newbie it's the best time to get into Bitcoin is irresponsible.


You'll notice that I added the caveat 'stomach the risk'.

It depends what said newbie wants. If they just want to transact then it doesn't really matter when they buy. If they want to make money then they have to break off from the herd, ignore their emotions and buy when things are looking shaky. I don't know if it's anywhere near reaching that phase. It might become a whole lot worse.

Those who bought when Silk Road was closed and people briefly thought the whole game was over did rather better than those who bought at $1000 when it looked like it was hitting the parabolic curve and everyone was set for life.

That's how every market works without fail. It's up to them to decide for themselves whether they've got what it takes to make the right call.



It doesn't matter how much risk you can take, you should never invest in something you know close to nothing about.

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September 02, 2015, 04:34:52 AM
 #24

bitcoin price is not stable price can go higher over night..
but it also can go lower too..
even everyone think that its the wrong time for me its the right time..
price is low and it can go lower than this in the next week or month..
just invest what you can afford to lose..




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September 02, 2015, 08:20:34 AM
 #25

It might be a bad time to invest into Bitcoin today as there's some dispute going on. However buying (investing) today will definitely bring your some money back when Bitcoin dispute is over and then the price continue to soar even higher. I would suggest newbie to invest now if they can handle downfall coming in the next few months. If not, better stay away.

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September 02, 2015, 08:23:09 AM
 #26

with the recent talk about the fork and all that is it the wrong time to invest for someone like me who is new to the game

bitcoin price is very cheap now
The fork issue created by whales, he want to buy more bitcoin at cheap price
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September 02, 2015, 09:00:58 AM
 #27

It might be a bad time to invest into Bitcoin today as there's some dispute going on. However buying (investing) today will definitely bring your some money back when Bitcoin dispute is over and then the price continue to soar even higher. I would suggest newbie to invest now if they can handle downfall coming in the next few months. If not, better stay away.

Very good advice.
In any investment golden rule is the same: Invest just money you can afford to loose.
Also, patience is virtue and people who can wait are usually winners.
I'm just sorry that I didn't join bitcoin 2-3 years ago but doesn't matter.
I can wait, how long it takes, that value of bitcoin reach old level again.
In my opinion, this is still good time to invest in bitcoin.



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September 02, 2015, 09:27:19 AM
 #28

This is just a storm in a cup, and it will blow over very quickly... everyone knows the block size will have to be increased, no matter what Bip is accepted. Bitcoin will not fail because of the block size.

Like one of the previous posters said... Buy when the blood is in the street.  Smiley The debate going on now, is just two opposing forces trying to achieve dominance over the other to control Bitcoin.

The technology will still be there, and the people will still use it no matter what side win the battle. It has just been blown up by the media for some attention to feed their agendas.  Roll Eyes

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September 02, 2015, 11:40:59 AM
 #29

This is the best time to invest in Bitcoin.  But invest in small quantities on regular intervals for a long term investment.
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September 02, 2015, 11:44:41 AM
 #30

No risk no reward. Now the time is more risky than before because at the moment with the whole debate going on nobody really knows in which direction Bitcoin will go. On the other side the price to buy some bitcoins is really low now and I doubt it will get much lower if not tremendous negative event in Bitcoin space will happen.
So it's up to you as always.
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September 02, 2015, 01:16:08 PM
 #31

When everyone is panicking, it's the best time to buy actually, noone should buy during a hype. But i would wait a bit more for
the price to go a bit under 200, which is a real possibility.
After that it should be smooth sail, because all this bs about forks will go away sooner or later.
strongly agree, this is almost the perfect time to buy.
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September 02, 2015, 02:29:48 PM
 #32

I guess not, bitcoin is not changed, only the price is changed, if you wish to make a number of bitcoinmu much, there is nothing wrong to invest
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September 02, 2015, 03:06:32 PM
 #33

I would say for now, the perfect window to buy bitcoin is aometime AFTER September with all this FUD going on with stress tests and the Dow crashing. And BEFORE June 2016 when the block reward halves. Also before the Gemeni exchange launches.

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September 02, 2015, 03:10:10 PM
 #34

with the recent talk about the fork and all that is it the wrong time to invest for someone like me who is new to the game

you can stay calm and just try to earn some bitcoins with faucets or micro tasks (bitcoinget, signature campaign) while you learn more about it and become more secure to have a opinion.


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September 02, 2015, 03:48:06 PM
 #35

with the recent talk about the fork and all that is it the wrong time to invest for someone like me who is new to the game

If things correct themselves and we all come to a middle ground,
then now is the best time to buy (or maybe a little lower between 180 USD to 200 USD).

It all really depends on how much you can financially lose and if you are willing to be a long time holder.

Currently, Bitcoin/bitcoin is still considered an experiment.

True, and as such, one must take great care of how they invest their money and never invest more than they can afford to lose.

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