BTC GOING UP WOT SHOULD I DO

[Q7]

Decide yourself whether you have the cash and whether buying with your saving is going to cause a dent towards your financial status. Oh come on, if you are getting 1 btc for 280 and suddenly it drops to 250, it's not like losing 30 is going to spell the end of the world. Having said that, it doesn't mean that you should invest everything you have into something you can't afford to lose.

[funtotry]

Also OP make sure you aren't trading more than 10% of your current net worth. Bitcoin is highly unstable and its possible for it to crash, or rise, without notice. Its educated gambling if you want to think about it like that.

[ajareselde]

I gotta add: Be extremely careful if you plan on going long on leverage these days. The uptrend seems promising and may continue even stronger, but a slight dip may get you margin-called sooner than you think!

Yeah, that's very important to keep in mind, in my opinion! If you invest now (without leverage) and there's a dip, you can just wait until the price goes up again. With leverage you can theoretically end up losing all(!!!) your coins!

If you dont trade on leverages, the profits you can take are safer, but are also very much smaller. There are only few people here with enough funds to just buy in and sit back while
the corrections take place, for the rest of us its just another day of taking chances, and honestly, ill rather be forced to buy back in higher than not try to earn on a dip.
Whatever makes you sleep at night in the end, its your money/profits ure risking..

cheers

[HarmonLi]

I gotta add: Be extremely careful if you plan on going long on leverage these days. The uptrend seems promising and may continue even stronger, but a slight dip may get you margin-called sooner than you think!

Yeah, that's very important to keep in mind, in my opinion! If you invest now (without leverage) and there's a dip, you can just wait until the price goes up again. With leverage you can theoretically end up losing all(!!!) your coins!

If you dont trade on leverages, the profits you can take are safer, but are also very much smaller. There are only few people here with enough funds to just buy in and sit back while
the corrections take place, for the rest of us its just another day of taking chances, and honestly, ill rather be forced to buy back in higher than not try to earn on a dip.
Whatever makes you sleep at night in the end, its your money/profits ure risking..

cheers

Well it's more like gambling that way... Leveraged trading is more risky and can give you higher profits. I think it's not for everyone. Sure, the volatility is a trader's wet dream, but it's also incredibly dangerous if you're not familiar with stop-losses, etc...

[muddyheights2]

I TELL U WOT IM GOING TO DO... IM GOING TO BUY MYSELF A BIC MAC MEAL THEN PLAY WITH MY VENUS FLY TRAP AND WAIT IT OUT

[HarmonLi]

Decide yourself whether you have the cash and whether buying with your saving is going to cause a dent towards your financial status. Oh come on, if you are getting 1 btc for 280 and suddenly it drops to 250, it's not like losing 30 is going to spell the end of the world. Having said that, it doesn't mean that you should invest everything you have into something you can't afford to lose.

Well for some people it would mean the end of the world. And for a lot of people it would mean that they panic-sell their coin, and buy back soon afterwards due to the fear of missing out... It's a vicious cycle. You have to decide about your long-term-strategy in advance!

[RodeoX]

What you should do is stop asking other people who also have no idea. You may get a lot of confident answers, but these are guesses. There is no way to determine the future. The more important question is "What do you think?". If you think it's going to rise then buy some. It's a bet so don't sell your house, but try it out as a payment system and maybe you will be able to spend more value than you bought.

Asking the price next week is like asking if you will need an umbrella on a day 6 months from now.

[WhalingWhales]

I would only advise what i am doing and then it is up to you to make an educated guess to whether i am lying or whether to listen to me aha i am selling and i hope to buy back in around a weeks time at 230's  

[funtotry]

If you are going to think about it per btc, if it drops the maximum you can lose is 280$, if bitcoin completely goes to zero which it will likely not. Buying 1 btc with a good salary is not very expensive, and if worse comes to worse the max you can lose is the price you buy it at.

[muddyheights2]

waite a second!!! I WILL BUY when the US auctions off the 50k bitcoins then the price ith bound to drop eny1

can eny1 eny give dates pls

[funtotry]

waite a second!!! I WILL BUY when the US auctions off the 50k bitcoins then the price ith bound to drop eny1

can eny1 eny give dates pls

Idk about any dates but you have a good idea. I think I might do the same as well. The price will temporarily drive down because of the cheap coins auctioned off, and then I can scope them up and the price will likely go back up within a week.

[BitCoinNutJob]

should i wait till it drops mid 230 or buy now its giving me a headache im hopelessly confused i dont want to buy at 400 wot should i do help

Split your risk when you are confused like this, buy a little now and a little later so you have an average.  Simples

[Shiver]

What should you do?

Have a Plan.  Until you have that I don't think you should take any position at all.

When you have that plan, stick to it, whether it's a gain or loss.  It will take a lot of the emotion out of the trade.

[uki]

Here are my hints:
1. Don't use the leverage.
2. Buy a bit now, wait to buy more in the next dip.
3. Have your own trading strategy.

[ChuckBuck]

Buy in chunks, but don't go all in at one price.

Buy some small size now, if the price goes lower, buy alot more later.

Or

Buy some small size now, if the price goes higher, buy a little more later.


Rinse, repeat.

[polynesia]

should i wait till it drops mid 230 or buy now its giving me a headache im hopelessly confused i dont want to buy at 400 wot should i do help

If you are convinced that it is going up, why not use a portion of your money to buy now?

[okthen]

should i wait till it drops mid 230 or buy now its giving me a headache im hopelessly confused i dont want to buy at 400 wot should i do help

If you are convinced that it is going up, why not use a portion of your money to buy now?

Hahaha, so much wisdom!
It's true, OP should trust his gut, just looking at title he gave the thread

[coinpr0n]

If I had any invested I would try to play both sides with enough movement either up or down you benefit. At the end of the day I prefer being in BTC than fiat.

[mishax1]

If I had any invested I would try to play both sides with enough movement either up or down you benefit. At the end of the day I prefer being in BTC than fiat.

Who wouldn't ?  It's more secure, easier and more fun to pay with     And you can also mine it !!

[totoy]

waite a second!!! I WILL BUY when the US auctions off the 50k bitcoins then the price ith bound to drop eny1

can eny1 eny give dates pls

http://www.usmarshals.gov/assets/2015/dpr-february-auction/