I got into bitcoins when they were around 17 dollars each, the first batch of them that I bought I lost about $1000 due to their crashing price. Now, whenever I need to spend BTC I wait until the last moment and buy only slightly more than what I need and spend them instantly. In that way I minimize my risk of exposure to fluctuation.
--MagicMan,December 02, 2011
I spend BTC the day I get them. That way, I won't lose anything if I ever get hacked, and I won't lose any money if the value of BTC drops.
--Addy,December 04, 2011
Don't buy bitcoins above 3.10-3.20 if you can help it.
The usual price tends to be around 2.90-3.10USD per BTC
Buy around those prices and you shouldn't lose money on your purchases.
--c0w4bung4t007, December 04, 2011
Every week I send a Money Order for 100 bucks to Campbx. Meanwhile, I place a Limit Order ( My buy only executes when BC hits a certain Price, right now my Limit is 2.70) If your patient, the Price will hit and all the Dollars you placed will Buy at that price. Also, once you have accumulated $500, you can Buy on Margin ( your 500 can Buy as many BC's as long as your on plus side) my Margin are at 3.55. Everytime that hits, I get to buy BC's worth 3.55 for 2,70. I keep my stash of BC's at Camp and simply transfer to XX as needed. Problem is PATIENCE. Most people just dont have it in a McDonalds want it now world.
--oppyate, December 06, 2011