listen to warren buffett and don't fall victim to irrational exuberance
I forgot - when you inform yourself, don't listen to the uninformed clowns.
I've never met a clown with a $60 bill net worth, have you?
I haven't met him either.
Topic: Beginner Tips on Investing in Bitcoin? - page 2. (Read 4200 times)
I forgot - when you inform yourself, don't listen to the uninformed clowns.
I've never met a clown with a $60 bill net worth, have you?
I haven't met him either.
Understand what bitcoin really is, start with the whitepaper. Then, get in.
Understand what money is, before you invest in a new conception of money.
listen to warren buffett and don't fall victim to irrational exuberance
I forgot - when you inform yourself, don't listen to the uninformed clowns.
I've never met a clown with a $60 bill net worth, have you?
listen to warren buffett and don't fall victim to irrational exuberance
I forgot - when you inform yourself, don't listen to the uninformed clowns.
listen to warren buffett and don't fall victim to irrational exuberance
Understand what bitcoin really is, start with the whitepaper. Then, get in.
I'm a beginner, too. Found a lot of HYIPs out there looking to grab my bitcoins. Dumbly and innocently, I believed in one
and as soon as I increased my investment, they stopped paying out (that was Satoshihype). Around the same time I
found a bitcoin investment company that was more in line with what I was searching for: I couldn't invest much and
it paid out 1% daily. The company has 27 years experience in forex and opened this site so that their forex investors
could take opportunity by investing in the bitcoin market.
At satoshihype I only lost .005 bitcoins (about $20), so I invested the rest of my bitcoin fortune in My Daily Coin (I invested
.115 bitcoins). Received 1% daily, as promised. I reinvested my profit and it started to add up. Then I needed some cash
so I tested out the withdrawal process. All instant. You can withdraw your principal after the first 24 hours and your profit
immediately if you don't reinvest it.
The site checks out. I want to gradually increase the amount of bitcoins I'm holding, so this site is perfect. If you want
your idle bitcoin to dance and make a profit for you instead of holding it in a stagnant wallet, try here. If you get nervous,
just withdraw! I had the withdrawn bitcoins in my wallet again in a matter of seconds!
https://www.mydailycoin.com/index.php?ref=pattimarkow
Also don't get in the habit of religiously checking the charts for prices (if you do not plan on day trading). It will quickly turn from a hobby into an unhealthy obsession...lol
True that !!! Been into bitcoins since 2010 but never posted much here. Been away for a long time becuase I did exactly that - checked prices like crazy. Back then I remembered the price going from $2 to $30 then CRASH. Stopped looking at prices every hour since then. I now only look at prices every week or so. Back then I just kept mining without regards to price. Man, it sure was fun back then.
Good times baby, good times
Thanks this was eye opening for me.
Assuming that it's risky to keep bitcoin now, because of the bear trend, it's also risky to have alt coins, because they are all valued in bitcoins. A crash in bitcoin takes alt coins down also on fiat terms.
Then, if bitcoin goes down, you will be able to buy litecoin for 4 usd or even lower. Assuming this scenario, buying now isn't a good idea. They will also go high if bitcoin jumps, but in the past it took some time for the alt coins to jump. In the first weeks of the jump of bitcoin to 1200, litecoin was losing value. It only started going up fast a few weeks later. You can enjoy the major jump in bitcoin and then go after the alt coins. Of course, this is just a scenario. Now, alt coins seem much more linked to bitcoin than in the past, so a jump in bitcoin might push alt coins much higher immediately. Anyway, buying now doesn't seem good idea.
Then, if bitcoin goes down, you will be able to buy litecoin for 4 usd or even lower. Assuming this scenario, buying now isn't a good idea. They will also go high if bitcoin jumps, but in the past it took some time for the alt coins to jump. In the first weeks of the jump of bitcoin to 1200, litecoin was losing value. It only started going up fast a few weeks later. You can enjoy the major jump in bitcoin and then go after the alt coins. Of course, this is just a scenario. Now, alt coins seem much more linked to bitcoin than in the past, so a jump in bitcoin might push alt coins much higher immediately. Anyway, buying now doesn't seem good idea.
The timing is all relative. If you are trying to flip a quick profit, and get in and out, then now may not be the time to buy. If you plan on holding for medium or long term, then now could be one of the best times to buy.
I completely agree. If you're looking for a quick profit the question becomes much more difficult and this may indeed not be a good time to buy. However, if you plan on holding for a few years, I think $450 is a GREAT price. IF you plan on buying and holding, buy in before it's too late. If you're looking for a quick buck, you should go check out the TA threads in speculation....Short term I feel that no one can accurately predict the price due to its volatility with the daily news.
In regards to Bit_happy's advice about not "holding for too long" ideology. You could use this reference https://bitcointalksearch.org/topic/sss-a-sane-and-simple-bitcoin-savings-plan-345065 and apply it to your investing. Buy and hold now, at every doubling point sell 10% and then rebuy it during the next dip. Just food for thought.
Thanks this thread gave me some insight on investing with bitcoin. 
Start a business that accepts Bitcoin. Best way to make coins. I personally also love to invest in sites like Just-Dice.
the only tip is buy bitcoin wen it's cheap and hold it.
Buy low, sell high. And don't mine.
and hold it enough long
Don't hold too long.
If you must "Buy and Hold" sell at least 25% on massive rallies, so you can buy back cheaper and make extra BTC.
After a little realization, my dream of getting a mining rig, at my current buget, I don't think that is going to happen right now. I feel like if I invest in BTC, then I'll have a better chance of makeing a profit than a beginner >50ghash/ second over the course of 6 months or so. What a really need is some advice from senior investors into some tips about BTC investing. I feel like investing in BTC is harder that say regular stock because once it tops out on the market, you sell and have to wait for it to bottom out, while in common stock you can just buy another and wait for that to rise up. I've seen people making 10k+ a month investing, so there has to be some sort of stratagy in investing. I'm willing to invest in about 1.5-2 BTC to start so keep that in mind.
Any beginner invester tips please let me know! Thanks!
Any beginner invester tips please let me know! Thanks!
It really depends on what your trying to get out of it. From what you were asking I'd guess your not looking for just buying and sitting on your BTC until they are worth 100k each or I'd say invest in it like anything else and take 10% of your monthly/weekly income (if you can afford it) and grow your btc over time. If your looking to day trade BTC I'd say pull some books on day trading stocks and adapt it to the BTC market. One thing I've noticed is that there are not that many exchanges for you to be able to short crypto so that you can capitalize on the dips and the spikes without having to use your own BTC per say.
Also don't get in the habit of religiously checking the charts for prices (if you do not plan on day trading). It will quickly turn from a hobby into an unhealthy obsession...lol
Best advice - dont invest in bitcoin! 
I'd always encourage people to give it a try, but always make sure you have a backup plan or something to fall back on that you can rely on.
I would strongly agree with that, don't throw your whole money/life into one enterprise, always diversify.
Tips:
Don't invest more than you can afford to lose.
Don't take investing advice from most people on the internet.
Don't store your coins for long in a place where you don't control the keys.
Also, be sure to analyze market data for any coin that you're interested in investing in. http://www.cryptocoinstats.com/ is a good place to start since it has lots of price analysis and graphs to help identify trends.
Don't invest more than you can afford to lose.
Don't take investing advice from most people on the internet.
Don't store your coins for long in a place where you don't control the keys.
Also, be sure to analyze market data for any coin that you're interested in investing in. http://www.cryptocoinstats.com/ is a good place to start since it has lots of price analysis and graphs to help identify trends.
Protip: don't buy altcoins
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