Perhaps diversify more widely for protection from flash crashes and unforseen growths of other assets.
This is a good time to buy crypto as the last price correction has already hit and now we are seeing sideway movement so the chances of you "buying at the top" is unlikely.
Litecoin has a lot of potential and has finally secured it's own independent payment processor(Something we've desperately needed for a long time now),
along with exchanges promising to pick it up soon(Coinbase, BTChina primarily) ... and technically MtGox - but F#$ them.
Would recommend against NXT. Most of the promised features have not made it in and the coins are too centralized in a mere 40 people who all know each other before it's launch.(As in 90% of the coins. Even worse than Bitcoin had during it's launch. There's no excuse for it now.)
Emunies on the other hand already has all the features, plus more, and as a Beta tester I can say it will be released fully functional. The coins are spread out widely amongst
the user base. The Dev is also a well known Google Engineer who has shown himself to be competent for the position. But that's just my biased opinion.
Protoshares are interesting as implanting some unique ideas not done in any other ult. This is a great time to buy as the value is down due to Angelshares absorbing a lot of the new money but that will change shortly.
CryptogenicBullion has not yet delivered their promise but is developing a blockchain to act as a database storage / function as a legal contract framework. Another unique idea not tried by anyone else. The value is very low as the MADEsparq Project is still in development but if the Dev releases it properly I see a game changing digital currency in the near future.
You should also consider some precious metals like Gold and Silver. It is generally agreed that the market has finally bottomed out and the slightest economic tremble from the US (such as when it is revealed that QE won't/can't be stopped) the value of digital currencies and precious metals will be sent into the stratosphere. Especially Silver.
It also gives you something shiny to play with when you are checking currency price charts and responding to the trolls that "bitcoin has no value".
Topic: $42,000 dollars to buy Bitcoin and Litecoin - Time to buy? - page 6. (Read 12486 times)
If a currency isn't on BTC-e, I'd be very skeptical about investing a significant amount. You don't want to be left trading on Cryptsy...
Good luck though. I hope it shoots to the moon for you, but mostly for me.
Good luck though. I hope it shoots to the moon for you, but mostly for me.
litecoin has already peaked, btc all-in or put some on peercoin as it will be the next litecoin
Don't buy all at once. I would buy in $5000 chunks on any small dips. If you buy and the price falls more, buy more. If you buy and the price goes back up, sell off a few and buy again on the next dip.
Don't wait too long though, the last two years bitcoin has done pretty good in January.
Don't wait too long though, the last two years bitcoin has done pretty good in January.
This all depends on how much you believe in Bitcoin and what direction it is heading. It's really tough to predict any commodity, whether currency, stock, bond, or commodity.
So many people believe in dollar cost averaging. 2/3rd's of the time for stocks that's not the best way to invest. Best way to invest is simple invest, buy now. Why? Simple. Market goes up 2/3rd's of the time.
Bitcoin isn't a stock. But it certainly acts like one. Also acts like commodity. If you believe it Bitcoin, I say buy.
Don't buy all at once. I would buy in $5000 chunks on any small dips. If you buy and the price falls more, buy more. If you buy and the price goes back up, sell off a few and buy again on the next dip.
Don't wait too long though, the last two years bitcoin has done pretty good in January.
Don't wait too long though, the last two years bitcoin has done pretty good in January.
This is advice, it is not followed by the "I am not an financial adviser comment" its advice you should take and you can hold me accountable.
Diversify your assets and dont get caught up in the hype
Diversify your assets and dont get caught up in the hype
Ah, right. Apart from that dead cert I'm still curious.
I've seen the 18th mentioned a few times. What of significance happens on this date?
Bitcoin goes to $10
I've seen the 18th mentioned a few times. What of significance happens on this date?
Eh, I wouldn't gamble too much with waiting for the next crash. You are still going to make more the triple in a few years if you invest right now (whether or not you are lucky and buy in at a crash). You might buy now, and next week it'll crash to $500. Yeah, you'll feel like crap, but in a few years, it's going to be well over $3,000.
It's not a matter of if you will make a profit, but rather how much of a profit. I wouldn't get greedy and take chances IMHO. Buy now!
It's not a matter of if you will make a profit, but rather how much of a profit. I wouldn't get greedy and take chances IMHO. Buy now!
Few years? If it doesn't even reach $3000 this year then BTC = fail
Definitely not on the 18th -- it's pretty clear the 22nd will be the best time to buy.
And I would not buy now IMHO.
OP, here is your answer yet again
That's very wise advice.
I echo in slightly different words what others have been saying....
Loop's comments are confused and not very helpful to anybody. I get his points, but you need to understand where its coming from. And more importantly, who you are.
For most of us these decisions are very important and demand some serious thought. And self appraisal. To make a wise decision about this you must first determine if you are a trader or a VC investor, and you must understand your time frame.
ie. If you are making long-term (couple of years) strategic investment in a high potential/high risk tech innovation (VC investor), then the big goal in this kind of investing/thinking is accumulating total number of bitcoins. In that case, taking advice on price movements and entries from day traders and swing traders is just crazy. It is a different mind-set and will just confuse you. For this kind of investor, just jumping in or some kind of graduated dollar-cost averaging is probably the best approach.
VC investors is looking for returns of 10X 100X 1000X 10000X. Entry price can of course impact total returns, but is lower priority than time entry prior to order of magnitude jumps up (for example like what we just saw in November, or back in April). Historically, bitcoin will tend to stabilize quite a bit (volatility drops to almost nothing for extended periods) before the next jump up. Can't be sure that is what will happen next time, but that is how I have made my greatest gains in coins over the last few years.
And if you think bitcoin is just an asset bubble that will leave people "holding the bag" within your time frame, then you should not be making these kinds of long-term bets anyhow.
On the other hand, if you are trying to double your money in say 6 months, and then retreat to fiat, then timing of entry is crucial, and looking for high percentage entry points and well thought out trading plans is the name of the game. If that is your plan, now is probably a high risk time to get in the game. And I would not buy now IMHO.
Loop's comments are confused and not very helpful to anybody. I get his points, but you need to understand where its coming from. And more importantly, who you are.
For most of us these decisions are very important and demand some serious thought. And self appraisal. To make a wise decision about this you must first determine if you are a trader or a VC investor, and you must understand your time frame.
ie. If you are making long-term (couple of years) strategic investment in a high potential/high risk tech innovation (VC investor), then the big goal in this kind of investing/thinking is accumulating total number of bitcoins. In that case, taking advice on price movements and entries from day traders and swing traders is just crazy. It is a different mind-set and will just confuse you. For this kind of investor, just jumping in or some kind of graduated dollar-cost averaging is probably the best approach.
VC investors is looking for returns of 10X 100X 1000X 10000X. Entry price can of course impact total returns, but is lower priority than time entry prior to order of magnitude jumps up (for example like what we just saw in November, or back in April). Historically, bitcoin will tend to stabilize quite a bit (volatility drops to almost nothing for extended periods) before the next jump up. Can't be sure that is what will happen next time, but that is how I have made my greatest gains in coins over the last few years.
And if you think bitcoin is just an asset bubble that will leave people "holding the bag" within your time frame, then you should not be making these kinds of long-term bets anyhow.
On the other hand, if you are trying to double your money in say 6 months, and then retreat to fiat, then timing of entry is crucial, and looking for high percentage entry points and well thought out trading plans is the name of the game. If that is your plan, now is probably a high risk time to get in the game. And I would not buy now IMHO.
Eh, I wouldn't gamble too much with waiting for the next crash. You are still going to make more the triple in a few years if you invest right now (whether or not you are lucky and buy in at a crash). You might buy now, and next week it'll crash to $500. Yeah, you'll feel like crap, but in a few years, it's going to be well over $3,000.
It's not a matter of if you will make a profit, but rather how much of a profit. I wouldn't get greedy and take chances IMHO. Buy now!
It's not a matter of if you will make a profit, but rather how much of a profit. I wouldn't get greedy and take chances IMHO. Buy now!
The whales have you sold on their idea. They want you to bring your fiat in now without thinking "because you will always make your money", "5000% returns will keep repeating themselves". Bitcoin has competition, the future is uncertain and there is a LOT of interest in having new money come in so holders can cash some out. Hodl all you want and I will do the same but be careful buying more at whatever price. That's how bag holders are made.
If you are thinking long term then the immediate price still counts for a lot. Obviously the more coins you can obtain for the same money, the more gearing you have when they gain in value. You need to decide for yourself whether prices will sag again.
It might be worth throwing a few hundred at some of the smaller altcoins after some careful research just in case one explodes.
I think this is a good time to be getting in. It's still tiny, the risk of extinction grows less and less and the infrastructure and adoption rate is slowly stirring into something big.
Risk? Sure, it's still a big risk. The odds improve all the time though and the upside is potentially mind boggling.
It might be worth throwing a few hundred at some of the smaller altcoins after some careful research just in case one explodes.
I think this is a good time to be getting in. It's still tiny, the risk of extinction grows less and less and the infrastructure and adoption rate is slowly stirring into something big.
Risk? Sure, it's still a big risk. The odds improve all the time though and the upside is potentially mind boggling.
Eh, I wouldn't gamble too much with waiting for the next crash. You are still going to make more the triple in a few years if you invest right now (whether or not you are lucky and buy in at a crash). You might buy now, and next week it'll crash to $500. Yeah, you'll feel like crap, but in a few years, it's going to be well over $3,000.
It's not a matter of if you will make a profit, but rather how much of a profit. I wouldn't get greedy and take chances IMHO. Buy now!
It's not a matter of if you will make a profit, but rather how much of a profit. I wouldn't get greedy and take chances IMHO. Buy now!
The whales have you sold on their idea. They want you to bring your fiat in now without thinking "because you will always make your money", "5000% returns will keep repeating themselves". Bitcoin has competition, the future is uncertain and there is a LOT of interest in having new money come in so holders can cash some out. Hodl all you want and I will do the same but be careful buying more at whatever price. That's how bag holders are made.
As long as this is not all the money you have to your name, i would suggest investing maybe 20-25k and keep the rest in the bank as reserves. If it were me, i would spread it about 65% btc and 35% ltc. Because LTC is much cheaper right now, there is much more potential for short term gains. If you are investing long, and believe that the value will be much higher in 1-3 years, then the price right now is irrelevant, as you are hoping to gain long.
Eh, I wouldn't gamble too much with waiting for the next crash. You are still going to make more the triple in a few years if you invest right now (whether or not you are lucky and buy in at a crash). You might buy now, and next week it'll crash to $500. Yeah, you'll feel like crap, but in a few years, it's going to be well over $3,000.
It's not a matter of if you will make a profit, but rather how much of a profit. I wouldn't get greedy and take chances IMHO. Buy now!
It's not a matter of if you will make a profit, but rather how much of a profit. I wouldn't get greedy and take chances IMHO. Buy now!
The whales have you sold on their idea. They want you to bring your fiat in now without thinking "because you will always make your money", "5000% returns will keep repeating themselves". Bitcoin has competition, the future is uncertain and there is a LOT of interest in having new money come in so holders can cash some out. Hodl all you want and I will do the same but be careful buying more at whatever price. That's how bag holders are made.
You should be fine either way its a risky but likely healthy return like any other investment
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