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DarkMiningBTC (OP)
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January 06, 2014, 06:44:24 AM |
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I want to know when you guys think is the best time to invest in BTC? I usually invest when BTC crashes and gets down to $500. The past 2 times this happened in the past month I've invested $5-10K each time and made alot of profit. I'm thinking are the crashes the best time? And when do you guys think the next crash will happen (So far loving the crash for profit but hating it because , well its a crash). 1 more thing , why do people get scared when the price drops? I mean come on do you think a crypto currency that is going to revolutionize the world will just fricking fall to a dollar and stay there? get real seriously haha.
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Frost000
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January 06, 2014, 06:56:42 AM |
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Simply invest whenever you think it'll be going higher soon. There's no big formula about it...
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jonanon
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January 06, 2014, 07:06:02 AM |
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There is no 'best' time to invest. Usually this can only be found with the benefit of hindsight.  |
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BTCisthefuture
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January 06, 2014, 07:13:30 AM |
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Like others said it's hard if not impossible to find a "best time".
Ultimately it comes down to your finincal situation, how much you are willing to risk losing, how much you can afford and how do you think the price will crash so you wait for that or will it keep rising so you get in now.
Thinking about the long term future of bitcoin, I would say now is a great time to still invest because bitcoin is still in it's infancy. It's still true that MOST places dont accept bitcoin, but likely that might not be the case in the coming years so you might want to get in now.
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empoweoqwj
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January 06, 2014, 07:37:06 AM |
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Nobody knows. Because you don't know whether the next set of news is going to be good or bad. 50/50
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Bitcoinpro
Legendary
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Activity: 1344
Merit: 1000
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January 06, 2014, 07:50:13 AM |
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the only good time to buy bitcoin is now
the only good time to sell bitcoin is never
this formula to date has held pretty strongly
their is only a 10 day window where this has not held true
and that could be erased pretty soon
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WWW.FACEBOOK.COM
CRYPTOCURRENCY CENTRAL BANK
LTC: LP7bcFENVL9vdmUVea1M6FMyjSmUfsMVYf
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Revelations86
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January 06, 2014, 08:21:49 AM |
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Now is always better than tomorrow.
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Elwar
Legendary
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Activity: 3598
Merit: 2386
Viva Ut Vivas
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January 06, 2014, 08:37:25 AM |
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Do not invest in bitcoin.
Convert to them.
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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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kwoody
Sr. Member
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Activity: 454
Merit: 250
Technology and Women. Amazing.
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January 06, 2014, 08:47:10 AM |
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It is entirely possible that MtGox price will never go below $1000 again. Given trends, indicators, upcoming big merchants accepting BTC, big investors, etc etc... I'd say it's very likely that BTC won't drop below $1000 unless SHA256 gets broken or something.
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Jace
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January 06, 2014, 09:23:46 AM |
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I want to know when you guys think is the best time to invest in BTC? The best time to invest in Bitcoin was five years ago. The second best time is NOW. |
Feel free to send your life savings to 1JhrfA12dBMUhcgh85wYan6HL2uLQdB6z9
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TPN
Full Member
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Activity: 193
Merit: 100
How did it get so late, so soon?
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January 06, 2014, 09:29:22 AM |
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Best time to invest is now, don't let "time" take the chances from you.
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CaptainBeck
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January 06, 2014, 09:29:54 AM |
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If you are buying and selling BTC and never really "hodlin" your arent investing you are speculating.
If you buy BTC and wait a good while thur ups and downs then you are investing.
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freedomno1
Legendary
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Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
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January 06, 2014, 09:32:58 AM |
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Now But for long speculating I guess also Now since were heading to 1K |
Believing in Bitcoins and it's ability to change the world
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LiteCoinGuy
Legendary
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Activity: 1148
Merit: 1011
In Satoshi I Trust
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January 06, 2014, 10:05:35 AM |
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the crashes are good times yes. when you do this strategy, you do alot better than the most.
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empoweoqwj
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January 06, 2014, 10:12:57 AM |
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Since none of us own a time machine, the answer can only be NOW
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cdog
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January 06, 2014, 02:37:35 PM |
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lol @ BTC "crashing" to $500  |
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CaptainBeck
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January 06, 2014, 02:44:53 PM |
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It all depends on what you think OP.
If you think it will never go below the current price then you buy now.
If you think it will crash below the current price, then u buy when you believe the crash happens.
If you think its only down hill from here, then dont buy at all.
Its all down to you thou.
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madmadmax
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January 06, 2014, 03:02:18 PM |
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Wait for the next inevitable attack on BTC by the gov, wait for all the investors/speculators and other trash to cash out, buy low then wait for fellow anarchists at heart to buy low as well.
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bitrider
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January 06, 2014, 03:03:15 PM |
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I want to know when you guys think is the best time to invest in BTC? The best time to invest in Bitcoin was five years ago. The second best time is NOW. right! |
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bitrider
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January 06, 2014, 03:07:45 PM |
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Wait for the next inevitable attack on BTC by the gov, wait for all the investors/speculators and other trash to cash out, buy low then wait for fellow anarchists at heart to buy low as well.
this is probably the most useful practical advice here - except "just buy now". Buy when others are selling. This takes a real belief in bitcoin's future. Because at the time it will look very ugly, and the boards will be screaming "sell" and only a few will be yelling HOLD. That is what separates the men from the boys. I've been both in my bitcoin journey.  |
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