Is now the best time for new people to invest?

[Hyko0]

Hey there...

I think its a really good time to invest in Bitcoins and not only in Bitcoins.

I bought Bitcoins for 500$ as they were at ~400$ in early November or late October. I hoped, but didnt really believed, that they would go above 600$.

Finnaly i selled them at a price of ~900$. Did the same again.... and again... switched the crypto-currencie and did it again with PTS... again and again ...

Started at the end of october with 500$ and got until now something between 1800 and 2500$(Didnt know exactly) just with exchanging it many times =)


Btw: I started to mine new coins with few dedicated servers ... Started with PTS few days after the beginning .... got me ~450$ after exchanging to BTC and selling the BTC

Now I´m mining Memorycoin 2.0 ... mining just with 4 dedicated servers... found 5 Blocks so far.
Yesterday I started to mine Dogecoin with my GPU at ypool.net .... got me ~60.000 Coins...  lets see what this will bring. =)


Greetz,
Hyko0

[neordicICE]

When the price crashed it is definitively time to buy more Bitcoins. When bubble forms, it is time to sell

[wachtwoord]

I think it falls under this, but I will put The Intelligent Investor on my reading list.

I agree it will depend on your definition, but then again doesn't anything?

I'll guarantee you're going to be glad you put that on your reading list. It's the book that formed me as an investor.

What is your definition of 'guarantee'? I've just downloaded it.

Lol, very good question (may be I should start adding a disclaimer stating I'm not financially responsible for following any of my advice).

[Bitcoin-hotep]

I ordered a block eruptor and it's not here yet But I still don't know how to mine Does anyone know how to use it?

[huadylmate]

I'd be hesitant about buying right now, I feel like this is a bull-trap. But then again I wouldn't sell any either. I think we'll know the direction we're heading by the weekend but the christmas/ny break will be unpredictable too.

Bull-traps then Bear-traps. Trading is risky this is why I hodling

[Bitcoin-hotep]

Altcoins are the best way to avoid traps It's like forex

[yatsey87]

Now is a great time to invest. You snooze and you lose. Can't see it going any lower this year. I reckon it'll slowly creep back up to around 1k in Jan.

[kellrobinson]

What caused the price of bitcoin to drop? I assume it will bounce back to 1k levels?

Very simply put, the price has dropped because it was much too high.
Until October, the price was fairly stable and less than $150.  Let me say that again, just in case you missed it: Until October, bitcoin cost less than a hundred fifty dollars.
What happened then?  A bubble.  A bubble is something full of air.  The huge price increase in bitcoin was nothing but a lot of air; it means nothing. 
Bitcoin is still subject to economics and the natural law of the market. 
Yes it will most likely go to $1k sometime not too far in the future, but I think it might take until late summer or early fall.  I also think that, before the bitcoin price rises, a further drop in price is very much within the realm of possibility.

[umaOuma]

I'm currently awaiting a deposit on btc-e, damn those guyz take their time, is it likely that the price will drop into the 500 range agian? 

I waiting for deposit over week, unfortunatelly the price keep rising, but there is still hope for a drop

[Bitcoin-hotep]

I'm currently awaiting a deposit on btc-e, damn those guyz take their time, is it likely that the price will drop into the 500 range agian? 

And regarding to alt coins: I notice that most ( if not all) alt coins both gain and crash harder then bitcoin itself. So during a crash you would prefer bitcoin over alt coins. And fait is king; as long as you're able to buy back timely!

If you look at all the altcoins there are actually a few that trend opposite to bitcoin so you can earn no matter what if you diverge into alts

[maxidoge]

I think we are just in time to invest. Because bitcoins and litecoins now fall in price, but they will return and become much stronger in future.
As it was before.
And also its time to invest in some new currencys, nxt for example is a good choice.
The problem is that i am not so rich to invest everywhere, but i want so much )

[vervolioman]

I'm currently awaiting a deposit on btc-e, damn those guyz take their time, is it likely that the price will drop into the 500 range agian? 

And regarding to alt coins: I notice that most ( if not all) alt coins both gain and crash harder then bitcoin itself. So during a crash you would prefer bitcoin over alt coins. And fait is king; as long as you're able to buy back timely!

If you look at all the altcoins there are actually a few that trend opposite to bitcoin so you can earn no matter what if you diverge into alts

Obviously, with so many altcoins, the opposite trend can happen on few just by pure luck. Does not say anything about future

[Bitcoin-hotep]

What do you guys think about DOGE and DVC?

[Cognate]

Doge is kind of tricky because people are gonna play it up, get the prices somewhat high, sell, and let it crash.

Then there is gonna be a ton of people with Doge who will want the prices to rise... So perhaps the cycle will repeat...

[CurrentlyBlazed]

I'd be hesitant about buying right now, I feel like this is a bull-trap. But then again I wouldn't sell any either. I think we'll know the direction we're heading by the weekend but the christmas/ny break will be unpredictable too.

Bull-traps then Bear-traps. Trading is risky this is why I hodling

Can you explain a little more on what you mean by it is bull-trap?
I have been buying bitcoins with every bit of money I get(from 1 dollar no joke, to 250)

I always buy, but just sit on my coins.
I am not interested in day trading I guess.

[Scrooge_McDuck]

They want the price to go down

And all we have to do is make altcoins for the Chinese people If they can spend money on mining altcoins to buy bitcoins They can get back in all this

We simply have to wait untill Chinese black market gets its momentum banning BTC by Central Bank is just not enough to completly exclude it from the market. In fact - banning is the last thing that can help with excluding anything

forbidden fruit is always sweeter  

[andyrays]

What do you guys think about DOGE and DVC?

I think DOGE is good and new. DVC no.

[influencemylife]

i suggest the classic sell high, buy low strategy and start a portfolio in currencies you can do a little research on

[Bitcoin-hotep]

They want the price to go down

And all we have to do is make altcoins for the Chinese people If they can spend money on mining altcoins to buy bitcoins They can get back in all this

We simply have to wait untill Chinese black market gets its momentum banning BTC by Central Bank is just not enough to completly exclude it from the market. In fact - banning is the last thing that can help with excluding anything

forbidden fruit is always sweeter  

I think we just need to make a series of Chinese altcoins for them to mine so they can just trade those for coins China can be a mining nation

[Bitcoin-hotep]

When do you guys think bitcoin will be $2000?