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Author Topic: Should I buy $10,000 worth of BTC right now?  (Read 4956 times)
DarkMiningBTC (OP)
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March 23, 2014, 04:14:26 AM
 #1

Well I bought 8 BTC when it was at $850 lol so I'm thinking about buying now, it will hit 700 again in a few days right?
ScrapOfCat
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March 23, 2014, 04:20:10 AM
 #2

Do you believe that bitcoins will be worth more in the future than they are right now?

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aminorex
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March 23, 2014, 04:25:51 AM
 #3

No, you should wait until they are more expensive, because they will be more stable then. Cool

Give a man a fish and he eats for a day.  Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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March 23, 2014, 04:26:52 AM
 #4

Well I bought 8 BTC when it was at $850 lol so I'm thinking about buying now, it will hit 700 again in a few days right?

Few days, few months, or a few years. Focusing on the short term prospects always yields unpredictable results. If you believe in Bitcoin, both in the root technology and its global use, then invest for the long term instead. It may be that in 10 years, for example, $565 per coin could be incredibly cheap...

CurbsideProphet
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March 23, 2014, 04:27:28 AM
 #5

Well I bought 8 BTC when it was at $850 lol so I'm thinking about buying now, it will hit 700 again in a few days right?

Do you always take investment advice from random unknown people on the internet?  Not trying to be snarky but best to due your own due diligence.

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chessnut
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March 23, 2014, 04:27:40 AM
 #6

only if you are prepared to lose all that money. Id say go for it. It could be a long wait.

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March 23, 2014, 04:37:18 AM
 #7

Well I bought 8 BTC when it was at $850 lol so I'm thinking about buying now, it will hit 700 again in a few days right?

You sound like you just stumbled in drunk to ask this question. Look, no one here knows shit about the future price. You got burned before, if you are ready to accept the risk of it happening again go for it.
Sage
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March 23, 2014, 04:51:29 AM
 #8

Dollar cost in.  I'd plan your buy in every 2 weeks over the next 3 months.

The trend is still down, how low it goes nobody knows, that's why you dollar cost in, buying progressively more as it dips deeper.
Sawadekub
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March 23, 2014, 05:11:06 AM
 #9

lol.. its only 10k...

just buy them now.. there is only 12 mil + coins.. its bitcoin not ripple..

its just like shark fin.. useless pcs of shit fin that is so expensive because its limited same goes for bird nest and abalone..

to some of us bitcoin is useless.. but dont forget its limited =)
cbutters
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March 23, 2014, 05:49:01 AM
 #10

If you do it, do it on bitfinex, and suck up that invisible wall that is holding things back.
InCoinsITrust
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March 23, 2014, 07:13:41 AM
 #11

Yes, please do so and you can make nice profit very soon.
JimboToronto
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March 23, 2014, 07:37:57 AM
 #12

Yes, please do so and you can make nice profit very soon.

That depends on what you consider soon.

Historically, 24 months is soon enough.

60 months is a safer bet.

Then again, what happens within a mere 6 months could surprise us all.
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March 23, 2014, 07:52:05 AM
 #13

Well I bought 8 BTC when it was at $850 lol so I'm thinking about buying now, it will hit 700 again in a few days right?

Few days, few months, or a few years. Focusing on the short term prospects always yields unpredictable results. If you believe in Bitcoin, both in the root technology and its global use, then invest for the long term instead. It may be that in 10 years, for example, $565 per coin could be incredibly cheap...

I agree historically time tells no lies but we can't see into the future just make good educated guesses based on what the rear view looks like

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royal-casino
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March 23, 2014, 08:01:27 AM
 #14

No, do not buy now, we are going back to the ice age (0.02$ ) sell all you got

JimboToronto
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March 23, 2014, 08:09:06 AM
 #15

it will hit 700 again in a few days right?

A few days? Lawl.

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spiderbrain
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March 23, 2014, 08:49:18 AM
 #16

If you're not sure, put a buy order in at $500 or something, so you can get them if they dip briefly.

Elwar
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March 23, 2014, 10:12:57 AM
 #17

Best time to buy is when people are panicking.

Not sure when that is? That is when you start questioning whether Bitcoin will survive <insert major story here>.

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March 23, 2014, 12:49:10 PM
 #18

Best time to buy is when people start saying it is the end, we will see $0.02 coins soon  Cheesy

I would wait and watch what the market does. I also bought expensive and now am waiting till we go over 800.
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March 23, 2014, 01:06:56 PM
 #19

we maybe not at the bottom yet, but very near one, so I'd buy half now half at 450. because when we hit the bottom and that thing turns around and runs... well, it will be much harder for you to buy then (psychologically - always hard to buy at say $600 if it was $500 just a day ago).

i am satoshi
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March 23, 2014, 01:10:43 PM
 #20

Well I bought 8 BTC when it was at $850 lol so I'm thinking about buying now, it will hit 700 again in a few days right?

You should sell the 8 bitcoins right now and then buy them back right now.  Sell them to your wife to avoid transactions fees.
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