the1 (OP)
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December 16, 2013, 12:39:55 PM |
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Where is your money going if you just heard about cryptocurrencies?
Or do you wait for next year?
LTC looks more stable than BTC at the moment but has a lot of potential.
BTC for a newbie looks like a cheap buy or not?
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YoYa
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December 16, 2013, 12:46:27 PM |
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Given the high levels of sentiment and the extreme polarisation between bull/bear here at the moment, I might suggest this isn't the best place to ask at the moment. People are more interested in validating their vested positions rather than profiting at the moment.
If you need to ask, then you probably should back off for the moment and do more research.
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superresistant
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Activity: 2156
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December 16, 2013, 12:48:10 PM |
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Just don't keep FIAT money, it is worthless.
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Mirsad
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Activity: 140
Merit: 100
Bitcoin - love & hate
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December 16, 2013, 12:59:00 PM |
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Just don't keep FIAT money, it is worthless.
Depends on the currency... And worthless is trashtalk. The chances of losing 50% of your wealth is x-times bigger with coins than fiat. |
< 100 BTC is not worth mentioning. Poor souls will always remain poor. Don't miss the failtrain.
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superresistant
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Merit: 1131
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December 16, 2013, 01:17:44 PM |
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Just don't keep FIAT money, it is worthless.
Depends on the currency... And worthless is trashtalk. The chances of losing 50% of your wealth is x-times bigger with coins than fiat. Not on the long term. All FIAT are going down to zero one day because they rely on the economy of state(s). Bitcoin is free from it. |
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nate008
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Merit: 10
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December 16, 2013, 01:23:55 PM |
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Taking into account how BTC is dropping like a stone on MTgox , I would stay away from it right now.
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superresistant
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December 16, 2013, 01:27:33 PM |
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Taking into account how BTC is dropping like a stone on MTgox , I would stay away from it right now.
That's exactly how to loose everything. If you buy when it is high and sell when it is low = you loose. Ignore the FUD/trolls and buy when it is low. Ignore the FUD/trolls and sell when it is high. |
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An amorous cow-herder
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December 16, 2013, 01:29:31 PM |
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Not on the long term.
All FIAT are going down to zero one day because they rely on the economy of state(s). Bitcoin is free from it.
Yeah, right. Because the internet will exist in a land without an economy. If i were to plan for that a situation i would rather invest in tabacco and alcohol. |
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raskolnikovx
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December 16, 2013, 01:29:56 PM |
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I am buying LTC right now. LTC drops as BTC drops but I believe LTC is way to undervalued yet.
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nate008
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December 16, 2013, 01:46:16 PM |
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Taking into account how BTC is dropping like a stone on MTgox , I would stay away from it right now.
That's exactly how to loose everything. If you buy when it is high and sell when it is low = you loose. Ignore the FUD/trolls and buy when it is low. Ignore the FUD/trolls and sell when it is high. Also , you know that you should not try to catch a falling knife , do you? |
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superresistant
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Merit: 1131
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December 16, 2013, 01:48:04 PM |
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Not on the long term.
All FIAT are going down to zero one day because they rely on the economy of state(s). Bitcoin is free from it.
Yeah, right. Because the internet will exist in a land without an economy. If i were to plan for that a situation i would rather invest in tabacco and alcohol. Drug is definitely a safe bet, I agree. Internet exist regardless of economy and will survive any government. |
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Mirsad
Full Member
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Activity: 140
Merit: 100
Bitcoin - love & hate
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December 16, 2013, 01:48:31 PM |
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Just don't keep FIAT money, it is worthless.
Depends on the currency... And worthless is trashtalk. The chances of losing 50% of your wealth is x-times bigger with coins than fiat. Not on the long term. All FIAT are going down to zero one day because they rely on the economy of state(s). Bitcoin is free from it. On the long term.. yes. But that's 100+ years. So he can wait a few weeks till the price consolidates. Buying now is just plain stupid. |
< 100 BTC is not worth mentioning. Poor souls will always remain poor. Don't miss the failtrain.
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MatTheCat
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December 16, 2013, 01:52:01 PM |
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Where is your money going if you just heard about cryptocurrencies?
Or do you wait for next year?
LTC looks more stable than BTC at the moment but has a lot of potential.
BTC for a newbie looks like a cheap buy or not?
My next buy in levels are all sub $600, I believe the price could find strong resistance at around these levels and bounce back, but I also believe that Bitcoin could go as low as $300 again. If you are thinking about entering Alt-Coin markets right now, be advised that all the other coins are basically based around and can even only be traded for Bitcoin. If BTC goes down, they go down. on that note, I shall draw your attention to the following weekly chart for BTC on MtGox:  Now ignore the wild spike up in the main chart, and take note of the RSI indicator curve along the bottom. You will see from the April 2013 spike and crash, that the RSI held at 100 for a good period of time and as soon as it started to dive, Bitcoin entered a lengthy period of correction, sending the RSI to beneath 20, and the market didn't truly start to pick itself up until mid July, when the RSI started to curve northwards once again. As you will be able to see, we have had a period of the RSI being above 80, but is now starting to dive southwards again. This is just one indicator applied to one time frame and cannot be fully relied upon, but I would extol you NOT to buy Alt-coin at this point in the cycle. |
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e521
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December 16, 2013, 01:53:15 PM |
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long long term: buy BTC
long term: buy LTC and convert to BTC when you are happy with the profit
short term: watch and learn, nobody can tell you what to do
Edit: Above post is quite funny, analysis on bitcoin > do not buy alt coin! WTF?
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humanitee
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December 16, 2013, 01:55:33 PM |
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Definitely wait.
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superresistant
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December 16, 2013, 01:56:04 PM |
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How to spot FUD and troll : On the long term.. yes.
But that's 100+ years.
So he can wait a few weeks till the price consolidates. Buying now is just plain stupid.
Also Ignore button is glowing under his name. |
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MatTheCat
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December 16, 2013, 01:57:30 PM |
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Also Ignore button is glowing under his name.
Really funny that YOU should say that! |
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Elwar
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Viva Ut Vivas
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December 16, 2013, 02:03:17 PM |
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Best time to sell is now after the price has dropped.
Wait to buy in again after everyone else has bought.
Buy high, sell low.
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First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin. |
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MatTheCat
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December 16, 2013, 02:10:30 PM |
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Best time to sell is now after the price has dropped.
Wait to buy in again after everyone else has bought.
Buy high, sell low.
For a start, he is talking about buying, secondly, Bitcoin is going much lower so now would indeed be a good sell point, considering you could then use the money to buy more Bitcoins for lower prices in future. If you are advising anyone to buy right and hold right now, then you are either an idiot or just plain nasty. |
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piramida
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Activity: 1176
Merit: 1010
Borsche
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December 16, 2013, 02:26:19 PM |
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Bitcoin is going much lower
And of course you would know it for sure because you are god or some other superficial being that knows how all random events turn out to be, and everybody else is an idiot for ignoring you?  I would not deny that bitcoin prices *could* go lower, but stating that they *would* is actually idiocy. For many reasons. |
i am satoshi
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