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Author Topic: Buy or Wait?  (Read 3881 times)
keithers
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January 07, 2014, 02:35:02 AM
 #21

Like any speculative investment, don't put in any more than you can afford to lose.   Obviously, don't go into it with the train of thought that you will lose money though.  In terms of buying now or waiting, I would say that depends on how long you plan on holding, and what your personal opinion on what bitcoin's long term potential is.   If you are one of the people that believes that 1btc will be worth over 10k, then the price right now is ridiculously cheap.   Conversely, if you think that we are at the top of the market right now, then 1 btc is too expensive right now.  The only reason that I see in waiting to buy, is if you are just planning on day trading that 1 btc into 1 or several other alt coins.   If that is the case, you may want to wait and hope for a dip.   Or you may want to closely watch what the ratio is to the other coin that you want to trade.   For instance if you are looking into trading Litecoin, then you would want to watch the LTC/BTC ratio. 

Ultimately, waiting is no fun Smiley
MatTheCat
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January 07, 2014, 04:11:08 AM
 #22

Wait until when? The price drops? And then what are you gonna do? You will keep waiting and waiting as it's dropping and you definitely won't buy then. No you will wait for it to go to the bottom, then spike up and then you will be thinking hmm oh it's too late I've missed out, let me keep waiting some more.

If you want to invest into Bitcoin long term the best time to buy is today. It's better to be on the train than off it.

Exactly, if the price drop sharply, you dare to buy them then?

Most people wouldn't buy then.

But most people would sell in despair!

Only those who view Bitcoin as a wild flutter on the side or who got in early can stomach and hold Bitcoin through 60% crashes with no certainty of where the crash will stop.

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armodilloben
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January 07, 2014, 11:03:54 AM
 #23

buying when the trend is upwards is a good decision, especially if we are so much away from the (now misterious) 1200$ mark.

billyjoeallen
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January 07, 2014, 11:10:44 AM
 #24

Wait until when? The price drops? And then what are you gonna do? You will keep waiting and waiting as it's dropping and you definitely won't buy then. No you will wait for it to go to the bottom, then spike up and then you will be thinking hmm oh it's too late I've missed out, let me keep waiting some more.

If you want to invest into Bitcoin long term the best time to buy is today. It's better to be on the train than off it.

Exactly, if the price drop sharply, you dare to buy them then?

just buy a little bit. get your feet wet. if it goes down, buy a little more. if it goes up, buy a little more. buy as much as you feel comfortable hodling for TWO YEARS no more or less. Don't worry about missed opportunities. They are gone, but more come every day.

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EvilPanda
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January 07, 2014, 03:21:22 PM
 #25

I would buy, unfortunately got no more fiat  Sad Don't worry about losing, just pick a price you consider a bailout point and if the price drops to let's say 50% of what it is now, you will sell. Worst case scenario you'll lose 50% of your investment (in case BTC fails completely), if it starts to recover just buy back with minimal losses.

Skaterdiejosh
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January 07, 2014, 10:53:44 PM
 #26

Spend 10 k and buy at 800 that's my vote lol Smiley

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Borbolon
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January 07, 2014, 11:21:12 PM
 #27

Quote
buying when the trend is upwards is a good decision
With stock maybe but with BTC I don't see the logic in doing that, wouldn't you rather buy when it's down?
bitdragon
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January 13, 2014, 09:39:56 PM
 #28

Quote
buying when the trend is upwards is a good decision
With stock maybe but with BTC I don't see the logic in doing that, wouldn't you rather buy when it's down?
The logic is that bitcoin is in an upward trend since day one.
Waiting for it to go down leaves a possibility it will go up making you delay even further and most likely miss the boat.
Buying now removes the risk of it going up but opens the possibility of missing out on buying in for less.
The latter is pretty much insignificant as within a years time, having bought in at 900 or 600 will not make a difference just like 70 or 100 now.
The bigger risk is keeping your coins safe.

Dump those Euros and dollars asap.

waqas
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January 14, 2014, 03:47:27 PM
 #29

currently buying is best because its going to hit again 1000$ figure very soon and any one can take good profit from this

p2poption
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January 14, 2014, 04:09:49 PM
 #30

trust yourself
waqas
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January 16, 2014, 07:10:38 PM
 #31

I've been thinking about investing into more bitcoins, and I'm wondering what's the best thing to do right now? Need some advices  Smiley

I've been thinking about buying lottery, and I'm wondering what's the best number I should choose. Need some advices Wink
I have never good luck in this lottery so I am not going to give you any tip about this just do all on yourself its better  Cheesy

Sutters Mill
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January 16, 2014, 10:51:38 PM
 #32

I've just bought more Bitcoin and I'm happy with it. Sure the price could be lower at the moment but it could also be a LOT higher. The practical answer is 'who knows?'. Just make sure that whatever you do invest, you can afford to lose. Not that it's likely, but again, 'who knows?'. I'm happy to be in the game than on the sidelines watching the action.

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SirBitsalot
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January 16, 2014, 11:19:58 PM
 #33

I'd say go ahead and jump in now. Of course, it's all about how financially stable you are and whether or not you can do so, but yes, jump in now! Before it's too late!
pbody
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January 17, 2014, 12:12:06 AM
 #34

i suggest checking out some of these bitcoin reports from this guy's site: http://www.thebitcoinchannel.com/

he's been pretty much on the mark since i started watching since march/april. he's got good advice. personally i'd go in as soon as i could.

I checked this out and all I find is a news feed.

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dissident
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January 17, 2014, 05:25:09 AM
 #35

there's a lot of buying support in the 800 dollar level.. not saying these same buyers wouldn't bail if there was a technical breakdown and a rush for the exits, but at the moment they seem hell bent on keeping there from being a technical breakdown. It's anyone's guess and it could go to 500 or up to 1200. Flip a coin.   Right now longer term support is in the range of 720 bucks so we could go about to that point and still not be in a 'technical breakdown' ... any lower and we likely go down to test the lows in December.   I'm going by BTC-E pricing here and not the inflated mt gox pricing which I ignore.
U1TRA_L0RD
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January 17, 2014, 07:02:40 AM
 #36

Buy now, This is the most lowest it will guy, and for the rest of your money, Wait until it drops, You never know.
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January 17, 2014, 02:12:09 PM
 #37

Buy now or forever hold your peace.
Johanakerblom
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January 21, 2014, 11:55:45 AM
 #38

Now or laterz? It's always a good time!

https://www.youtube.com/watch?v=H7HmzwI67ec

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January 21, 2014, 01:38:10 PM
 #39

Due to high price fluctuations day by day, difficult to answer. Bulk trading is not recommended
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