Buy and hold now

[adam9317]

With all the speculation of BTC reaching $5,000 or $10,000 in the coming months I have 1 question. I know there is no way to tell at the minute, but I want advice from you guys, what have you done.

Do I buy and hold BTC now or do I wait for it to fall a little more?

Thanks

[1714776978]

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[Le Happy Merchant]

You can only know the price in the moment, and the price it has been.

IMO, always buy.

[fonzie]

If you can afford to lose maybe 50% or more in the next weeks without fallin into panic you can buy now, otherwise i would say wait a bit until you can see a clear trend.

[zby]

With all the speculation of BTC reaching $5,000 or $10,000 in the coming months I have 1 question. I know there is no way to tell at the minute, but I want advice from you guys, what have you done.

Do I buy and hold BTC now or do I wait for it to fall a little more?

Thanks

Let's assume that will be $5,000 or $10,000 in the coming months for sure and let's give 50% chance that it will drop to exactly $400 in between.

Let's say you have a $800.  Then buying and holding will earn you $4200 - $9200.  If it does not drop and you wait until it is %1600 to buy - then you earn $1700 - $4200 and if it drops and you buy at the lowest price - then you earn $9200 - $19200 - that is $5950 - $11700 on average.



Ha ha ha

But in fact do whatever makes you feel better.

[adamstgBit]

my advice to first time investors has always been to buy SOME right away without delay, and HOPE that it goes down so you can buy more!


that way if it goes up you're making money so thats cool

if it goes down you can lower your avg price and thats even cooler

[Biodom]

Averaging did not work well for me. Everytime I want to buy it is the same $800 

[Edward50]

I would say have your cash ready to buy at any moment and sit out right now. Market is too uncertain right now and may very well go down.

Right now if the price drops you can get that many more bitcoins with your money if the price would hit $5000 or $10,000.

So your best just sitting on the sidelines and if there looks to be a real increase in demand you should have enough time to buy back in under $1000. But you still have a very good chance at buying cheaper.

[fonzie]

There is also a chance that it might never be 5000$ oder 10000$. It´s far away from a sure bet.

[billyjoeallen]

my advice to first time investors has always been to buy SOME right away without delay, and HOPE that it goes down so you can buy more!


that way if it goes up you're making money so thats cool

if it goes down you can lower your avg price and thats even cooler

I agree but I would caution against buying at an ATH. Any other time is great. Bought some at ATH of $31 and it took 18 months to come back. That was a crazy 100X rally though and we prolly won't get another one that big, but the rallies are closer together now.

[adam9317]

Say it seems to be that there is a very fast upward trend, at what price would you buy so you don't miss the train.

I am reckoning if it rapidly increases to buy at $1000 but I want to know what you guys would do.

Also what does ATH mean?

Thanks

[fonzie]

If we shoot through 1000$ on Stamp with enough power it´s probably a good sign that we´re headin for a new AllTimeHigh.

[adam9317]

If we shoot through 1000$ on Stamp with enough power it´s probably a good sign that we´re headin for a new AllTimeHigh.

Thanks for your assistance.

I reckon hitting $1000 equals a lot of people buy

[MatTheCat]

With all the speculation of BTC reaching $5,000 or $10,000 in the coming months I have 1 question. I know there is no way to tell at the minute, but I want advice from you guys, what have you done.

Do I buy and hold BTC now or do I wait for it to fall a little more?

Thanks

Right now market forces are trying to push Bitcoin down, but hidden hands are holding it up, building up bid pressure enough to allow them to cash out.

For my money, Bitcoin is going to grind down from here and if the bot algorithmic manipulation stops or changes its tune, possibly plummet.

Don't buy now, wait.

If Stamp (ignore Gox and infact ignore everywhere that isn't Stamp) can break through $850, that will be very very telling and very bullish. At this point, I would be looking to go long (invest and hold). Until then, I would either short or sit it out and wait.

If you think Bitcoin is going to $10K, then what difference is it if you buy in at £850 or $820 ?

If you think Bitcoin is going to $10K, then what difference is it if you buy in at £820, $620, $320, or who knows, perhaps even less.

Wait!

[adam9317]

With all the speculation of BTC reaching $5,000 or $10,000 in the coming months I have 1 question. I know there is no way to tell at the minute, but I want advice from you guys, what have you done.

Do I buy and hold BTC now or do I wait for it to fall a little more?

Thanks

Right now market forces are trying to push Bitcoin down, but hidden hands are holding it up, building up bid pressure enough to allow them to cash out.

For my money, Bitcoin is going to grind down from here and if the bot algorithmic manipulation stops or changes its tune, possibly plummet.

Don't buy now, wait.

If Stamp (ignore Gox and infact ignore everywhere that isn't Stamp) can break through $850, that will be very very telling and very bullish. At this point, I would be looking to go long (invest and hold). Until then, I would either short or sit it out and wait.

If you think Bitcoin is going to $10K, then what difference is it if you buy in at £850 or $820 ?

If you think Bitcoin is going to $10K, then what difference is it if you buy in at £820, $620, $320, or who knows, perhaps even less.

Wait!

Thanks, your points are very convincing!

[segeln]

Do I buy and hold BTC now or do I wait for it to fall a little more?

First:
make your decision/opinion about the future of bitcoins.
Second :
Make a personal forecast/estimation for the value of bitcoins in about 1 or 2 years
than conclude:
is your personal value-forecast/estimation >let`s say 2000 €/BTC than ist dosn`t really matter at what Price below 1000 €/BTC you are going to buy BTC.
The higher your personal value-forecast/estimation  the less does it matter.
You will be on the winning side either way.
So did I:

Bought and hold

Now I am watching very relaxed and amused price-movements.
The only thing to strictly be applied is:

put only money in BTC you can afford to lose.

IMHO: BTC is

a- once-in -a-life -Chance

to participate in a revolutionary changing monetary System[in case this will happen]


Buy incrementally during falling prices
Sell incrementally during rising prices

[adam9317]

Do I buy and hold BTC now or do I wait for it to fall a little more?

First:
make your decision/opinion about the future of bitcoins.
Second :
Make a personal forecast/estimation for the value of bitcoins in about 1 or 2 years
than conclude:
is your personal value-forecast/estimation >let`s say 2000 €/BTC than ist dosn`t really matter at what Price below 1000 €/BTC you are going to buy BTC.
The higher your personal value-forecast/estimation  the less does it matter.
You will be on the winning side either way.
So did I:

Bought and hold

Now I am watching very relaxed and amused price-movements.
The only thing to strictly be applied is:

put only money in BTC you can afford to lose.

IMHO: BTC is

a- once-in -a-life -Chance

to participate in a revolutionary changing monetary System[in case this will happen]


Buy incrementally during falling prices
Sell incrementally during rising prices

Fair enough, this is the advice I needed.

Thanks

[segeln]

Fair enough, this is the advice I needed.
Thanks

don`t mention it. Enyoy BTC !

[MatTheCat]

Fair enough, this is the advice I needed.

Thanks

I don't know how much money u have to invest.....

...but before you invest on the basis of having found 'the advice you needed'.

Go and search through Segeln's (or practically anyone else who has posted in this thread) post history and see what he was saying about Bitcoin when it was up at $1100. Perhaps he also gave 'advice' to some other new investor. What was the general 'advice' going around on this forum when Bitcoin was $1100?

(Rhetorical question, I know what the 'advice' was and what it always will be on this forum....always beware of the Bitcoin Nutter!)

[gentlemand]

If you're buying for the future, or indeed any time, the most important thing is to get the largest amount of coins for your money so the purchase price right now does count.

Piling all in makes sense during a very extended calm period like the summer of this year or after one mother of a correction. I've the feeling that the next few weeks won't be as calm as some people expect them to be.

Those screaming about $100 coins are hard to take seriously. A 25% fall doesn't take much to accomplish and gives you that much more powerful a gain in the future.

You've got to decide for yourself of course. I've pretty much bought all I'm going to and won't sell any for a long time to come. If there is a decent-sized fall I will go for a final top up.

[kwest]

As for prices to look for (mt.gox):

On the way up: $1093 has been a resistance point.. if we go past that, the next one to test would be $1242. If we go higher than that, we're in unknown territory.

Going down.. I think there was support at $850 something? So I would buy a little there. Past that we have the 450-600 level, which I find hard to believe that we would break through. But if we do, the next support level would be around $260.