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[bitcoinsrus]

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[Ibian]

So what I hear is, you are looking at a $300 discount and not sure if that's enough.

It'l hit 10k this year and stay stable over 5k.

Btc-e works, so does Kraken, haven't tried others.

[Dafar]

Hello.  I wanted a good investment and literally just heard about btc when it was $1,100
Is there anyone that can tell me what they think btc will climb to by september-december 2014 (this year)

do you guys think it will go to 2k by march or april like I have read before
or do you think it might go to 5k or 10k by december (many months from now)

Sorry to burst your bubble, but no one can tell you shit. This is one of the most volatile and unpredictable markets out there, what someone thinks about where the price is headed should not be your decision factor. Because at the end of the day, whatever anyone says really does not mean much, anything can happen. But overall, people are pretty bullish for the long term and so am I.

Do I think it will go to 2k by march? No... I think 2k will happen by July.
Do I think it might go to 5-10k by december? It should but I doubt it, we'll probably see this kind of growth next year.


BTC-E is great, but you can't directly transfer USD there to buy BTC. I would still recommend Coinbase despite whatever issues you had. If you're in the USA it is the best place to get BTC.

[Dalmar]

Don't invest more than 10% of your net worth in something like bitcoin. BTC is still a highly speculative asset. Also, now is not even the best time to buy (600 is very likely and 700 almost a certainty).

As for a good exchange, use bitstamp. They are the most trustworthy of the major ones.

[Bitcoin BEAR]

Some bold claims made in this thread.

My advice would be to make the decision for yourself. You don't want to listen to the permabulls that will tell you to buy no matter what price we are at. If you are planning to hold for years, then this isn't such bad advice, but when you say "Everything I have" and that's $12,300, then I would do some more homework before putting all your money into Bitcoin.

[Mythul]

If you are prepare to lose that money do it.
Right now bitcoin is still 50/50. Are you willing to risk all the money to get 10x the return ?

If yes then invest. But you could just invest only a part of your money and move on.
Also be armed with patience, it could take 2-3 years to 10k and 5-10 to reach 100k if ever.

If you plan on hodling at least 5 years, invest and move on with your life.

[kkaspar]

Yeah, don't buy right now. Currently the situation is 50/50 at best, if the price will start to rise or fall. Putting your money in bitcoin is currently like using your savings to win at the casino. Wait when bitcoin has dropped then your chances that it will rise again are much bigger and only use less then 30% of your savings when investing. Even if bitcoin starts to rise, then wait till it has dropped. Never buy only because everyone else seem to be buying, it could be a trap..

[Dalmar]

If you plan on hodling at least 5 years, invest and move on with your life.

Bitcoin is not something you can just keep without checking the news on it at least weekly. It would be idiotic to buy bitcoin and not keep up with its developments, especially with all the regulators across the world looking into it right now.

[chessnut]

If you plan on hodling at least 5 years, invest and move on with your life.

Bitcoin is not something you can just keep without checking the news on it at least weekly. It would be idiotic to buy bitcoin and not keep up with its developments, especially with all the regulators across the world looking into it right now.

also importantly, one needs to keep up with the technology, lest a significantly better coin is developed.

[boumalo]

I may suggest a few ideas :

-You could buy a few BTC then wait a few months before buying more in case the price drop, then buy some more and wait a few months again
-Send some of your BTC to a paper wallet
-Diversify a bit and buy an once of gold
-Don't send the whole 12,300$ to an exchange at once
-Make sure that you won't need any of the 12,300$ anytime soon, if you do think about investing less

[Kupsi]

I don't believe we will hit 2k by the end of april, but I believe a price above 5k this summer is very likely.

I would buy 1/3 now, 1/3 after two weeks and the last 1/3 after four weeks.

[Mythul]

If you plan on hodling at least 5 years, invest and move on with your life.

Bitcoin is not something you can just keep without checking the news on it at least weekly. It would be idiotic to buy bitcoin and not keep up with its developments, especially with all the regulators across the world looking into it right now.

Yes, the OP should keep up to date with the news, but avoid day trading. If you get hooked on the news, the forum etc. then chances are you are going to day trade and we all know how that will end if you do not know what you are doing.

Right now BTC is a gamble with a big chance of winning. The tech is a breakthrough. If it will get banned, it will go underground only to emerge more powerful in 5-10 years.

But as usually please do not believe everything is written here.
My advice would be, do not go all in, buy a few coins and wait. You wont have regrets if it goes to the moon and won't commit suicide if it goes to 0.
Win/Win.

[MonadTran]

Can't understand why wouldn't you use Bitstamp?? Stamp is the best exchange. Easy to deposit/withdraw and trade.
Stay away with from btc-e with international deposits!! Check other treads for btc-e.

The guy's username is bitcoinsrus. Which means, he's in Russia. Which means, Btc-e is one of the best choices for him. You could try wm-center.ru (that's where they moved I think), I had some good luck with them.

Doing international transfers out of Russia is pretty difficult, anyway.

I would probably join the others in saying that nobody knows for sure where BTC would go and when, but in case it goes up, which is very likely, it's a good idea to have some savings in there. May also help in case the guys in the government decide to ban USD accounts (I heard a few rumors)

[boumalo]

Can't understand why wouldn't you use Bitstamp?? Stamp is the best exchange. Easy to deposit/withdraw and trade.
Stay away with from btc-e with international deposits!! Check other treads for btc-e.

The guy's username is bitcoinsrus. Which means, he's in Russia. Which means, Btc-e is one of the best choices for him. You could try wm-center.ru (that's where they moved I think), I had some good luck with them.

Doing international transfers out of Russia is pretty difficult, anyway.

I would probably join the others in saying that nobody knows for sure where BTC would go and when, but in case it goes up, which is very likely, it's a good idea to have some savings in there. May also help in case the guys in the government decide to ban USD accounts (I heard a few rumors)

It is pretty hard to cease an anonymous paper wallet or a anonymous brain wallet 

[bitcoinsrus]

Can't understand why wouldn't you use Bitstamp?? Stamp is the best exchange. Easy to deposit/withdraw and trade.
Stay away with from btc-e with international deposits!! Check other treads for btc-e.

The guy's username is bitcoinsrus. Which means, he's in Russia. Which means, Btc-e is one of the best choices for him. You could try wm-center.ru (that's where they moved I think), I had some good luck with them.

Doing international transfers out of Russia is pretty difficult, anyway.

I would probably join the others in saying that nobody knows for sure where BTC would go and when, but in case it goes up, which is very likely, it's a good idea to have some savings in there. May also help in case the guys in the government decide to ban USD accounts (I heard a few rumors)

i am not russian, i was making a play of words with toysrus
but that would be clever

i have read all the comments
and this is what I have taken from it.
someone said buy some now and buy some later.

i remember reading on the forum that someone bought at 1000
lets say that person bought 10btc at 1000 or 10,000
if he sold at 800, that means he lost 2,000

if he had bought 5btc at 5,000 (1000 a btc)
and bought 10btc at 5000 (when it was 500 a btc)
then total of 15 btc for 10k

if he sold now at 800
that would be 12,000
netting total of 2k profit

i totally agree with this sort of diversifying your assets.

thanks for the suggestions and this advice really helps me

[Ibian]

Thing is, price change comes in waves. It shot from 130s to 1100+ in just a few months and found rest where we are now, around 800. History has a way of repeating itself, and for all the talk of bitcoin being unpredictable, it's not. It's pure supply and demand, and the demand keeps going up. Next swing will make anything below 1k look cheap.

[coinpharmer]

Thing is, price change comes in waves. It shot from 130s to 1100+ in just a few months and found rest where we are now, around 800. History has a way of repeating itself, and for all the talk of bitcoin being unpredictable, it's not. It's pure supply and demand, and the demand keeps going up. Next swing will make anything below 1k look cheap.

truth. Im buying every coin I can as I get funds to do so, because I think the odds of it falling in price are much lower then it raising in price and in 6 months to a year everything sub 1k will have been a blessing.

[bitcoinsrus]

yes this is exactly what I have been thinking as well

[keithers]

I don't believe we will hit 2k by the end of april, but I believe a price above 5k this summer is very likely.

I would buy 1/3 now, 1/3 after two weeks and the last 1/3 after four weeks.

I 2nd this.  You should try to get your dollar cost average the lowest.  If it is money that you potentially need back quickly, you should have an account at coinbase as well, or somewhere that allows easy withdraws to your bank.  Therefore no Gox, as you could be waiting until next summer just to withdraw any funds.

[Torque]

I second that Coinbase is a good choice.  Whatever you decide to do, I would go ahead and get your account set up with them and buy a tiny bit of BTC NOW.

The reason being, there is a waiting period of 30 days while they verify your account and KYC stuff.  You start at level 1 and have a purchase limit of 10 BTC/day for the first 30 days.  Then after that, once you reach level 2 verification, they raise the purchase limit to 50 BTC/day.

If you have a lot of BTC that you want to buy, and want to get the price you want it at, then I would definitely get this process with them squared away FAR ahead of schedule.  

Ask me how I know this.