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Topic: Buy or Wait? - page 2. (Read 3912 times)

sr. member
Activity: 314
Merit: 251
January 06, 2014, 07:12:06 PM
#19
There's no "right or wrong" time to buy in. There is no "playing of the market" or being able to predict what will happen tomorrow or next week with this. This is all new. There's nothing like it before.

When people ask me "Should I buy in or wait", my reply is do some homework, learn about Bitcoin, and then when you feel comfortable, pull the trigger. Trying to "play" or "time" the market is guarenteed to leave you with less bitcoins than you had or you could have had.

Go with your gut. When your gut says do it, do it. And then don't sit there and stare at the price every hour, day, etc. Just let it ride and come back to it at a later date (a year or so?). There's no right or wrong here. And if you go with "coulda, shoulda, wouldas", you will give yourself an ucler.

+1
awesome answer.

I will only add, don't invest more than you can afford to lose, because tomorrow, it could all go to zero.
full member
Activity: 129
Merit: 100
January 06, 2014, 03:48:05 PM
#18
There's no "right or wrong" time to buy in. There is no "playing of the market" or being able to predict what will happen tomorrow or next week with this. This is all new. There's nothing like it before.

When people ask me "Should I buy in or wait", my reply is do some homework, learn about Bitcoin, and then when you feel comfortable, pull the trigger. Trying to "play" or "time" the market is guarenteed to leave you with less bitcoins than you had or you could have had.

Go with your gut. When your gut says do it, do it. And then don't sit there and stare at the price every hour, day, etc. Just let it ride and come back to it at a later date (a year or so?). There's no right or wrong here. And if you go with "coulda, shoulda, wouldas", you will give yourself an ucler.
sr. member
Activity: 334
Merit: 250
January 06, 2014, 07:11:58 AM
#17

A lot of gaming companies are looking into bitcoin, but so far they've been pretty reluctant because of the unregulated nature of bitcoin which scares them away (at least that was the usual response I was getting). But I think it's only a matter of time before they start jumping into the train. They just need to be sure that they won't run into problems with authorities for dealing with btc payments.
full member
Activity: 198
Merit: 100
Brony Bitcoin, Litecoin Miner
January 06, 2014, 04:10:11 AM
#16
donator
Activity: 1722
Merit: 1036
January 06, 2014, 03:50:15 AM
#15
i'm waiting until it hits $5000 before going all in.

I don't understand your reasoning. Why buy at 5 times the price, why not now?

If you think that it is safer after that, because then bitcoin has a greater chance to succed, fair enough, but I think we are already well past that point.

I would say it depends on the % of bitcoins in your portfolio. You can have it according to your preference.

If you already have 50% or more of your wealth in bitcoins, better wait and take the risk that it will never go down.

If you have 20% or less, perhaps buying more now is a good idea.
legendary
Activity: 3416
Merit: 1912
The Concierge of Crypto
January 06, 2014, 03:47:15 AM
#14
Buy.
legendary
Activity: 1512
Merit: 1005
January 06, 2014, 03:37:58 AM
#13
i'm waiting until it hits $5000 before going all in.

I don't understand your reasoning. Why buy at 5 times the price, why not now?

If you think that it is safer after that, because then bitcoin has a greater chance to succed, fair enough, but I think we are already well past that point.
copper member
Activity: 1380
Merit: 504
THINK IT, BUILD IT, PLAY IT! --- XAYA
January 06, 2014, 12:18:45 AM
#12
i'm waiting until it hits $5000 before going all in.

Just do it now. I'll sell you lots of BTC at $5,000. Wink
legendary
Activity: 2212
Merit: 1008
January 06, 2014, 12:00:51 AM
#11
i'm waiting until it hits $5000 before going all in.
legendary
Activity: 1512
Merit: 1005
January 05, 2014, 06:58:09 PM
#10
I've been thinking about investing into more bitcoins, and I'm wondering what's the best thing to do right now? Need some advices  Smiley

Just get in.
newbie
Activity: 59
Merit: 0
January 05, 2014, 05:54:05 PM
#9
I was late to the party but I bought some as it went up to the mid-December high, bought some at at that high, bought more as it went down to $500 recently and then kept buying some all the way back up to now.  My dollar averaged cost is about $700.  My last purchase was 0.5 BTC at $916.  That is at the current high, but all my buying has been dollar cost averaging over time.  If you think you are a market whiz... use your genius to buy at the "right" time... otherwise,  dollar average your purchases by spreading them out over the change in bit coin cost and you will gain if bitcoin goes up over the long term.
sr. member
Activity: 630
Merit: 250
January 05, 2014, 05:42:03 PM
#8
Bought another bitcoin yesterday for 825, so already made 100 bucks on that. Always buy, then when it drops, buy more...bitcoin can not be stopped now
newbie
Activity: 42
Merit: 0
January 05, 2014, 05:35:16 PM
#7
We are below last ATH (All time high), to me it's safe enough to invest.
Sure thing is you are a bit late.
dg2010 is right, if you are convinced and committed (in case it goes down for a while) buy asap
member
Activity: 66
Merit: 10
January 05, 2014, 05:32:19 PM
#6
i suggest checking out some of these bitcoin reports from this guy's site: http://www.thebitcoinchannel.com/

he's been pretty much on the mark since i started watching since march/april. he's got good advice. personally i'd go in as soon as i could.
hero member
Activity: 609
Merit: 501
peace
January 05, 2014, 05:22:51 PM
#5
in the long term it has always been a good time to buy and hold it.
dump those dollars Smiley
full member
Activity: 238
Merit: 100
January 05, 2014, 05:17:57 PM
#4
Given the recent price increase, there may be a pull back. So, I don't recommend investing everything in one chunk.
It might be a good idea to start dollar cost averaging in. However, don't make the dollar cost average for a long period of time. Invest your entire sum in a period of three to four months.
legendary
Activity: 1512
Merit: 1124
Invest in your knowledge
January 05, 2014, 04:13:16 PM
#3
Alt-coins Wait

Bitcoin Buy now Tomorrow facebook could start accepting bitcoins and you will wake up to 1,000,000 dolla
sr. member
Activity: 462
Merit: 250
January 05, 2014, 04:01:04 PM
#2
Wait until when? The price drops? And then what are you gonna do? You will keep waiting and waiting as it's dropping and you definitely won't buy then. No you will wait for it to go to the bottom, then spike up and then you will be thinking hmm oh it's too late I've missed out, let me keep waiting some more.

If you want to invest into Bitcoin long term the best time to buy is today. It's better to be on the train than off it.
newbie
Activity: 42
Merit: 0
January 05, 2014, 03:21:32 PM
#1
I've been thinking about investing into more bitcoins, and I'm wondering what's the best thing to do right now? Need some advices  Smiley
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