Good time to invest in btc? - page 3.

Razick

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Quote from: helloeverybody on April 14, 2015, 11:24:46 AM

I know this is your standard noob question but being new to bitcoin/cryptocurrency i thought it would be worth asking. With the price down to ~$200 is now the time to be buying them? Ive read some of the horror stories of people losing 30k etc and that's more than a lifetime of savings which if i had couldn't even comprehend losing. At the moment ive bought my first btc but am now worried of a potential crash.

I know you shouldnt risk what you cant afford to lose but you have to take some risks i suppose.

Im guessing this may be a question better asked to a crystal ball?

thanks and apologies if this gets asked everyday.

No one has a crystal ball but in my personal opinion, yes.

That being said, asking for investment advice here is a good way to lose a lot of money. People will tell you to buy if they want the price to go up even if they think it will fall, and so called "experts" who don't know what they are talking about will make complex forecasts that prove to be wrong.

The loudmouths in this forum are split into two camps: The people who said in December 2013 that Bitcoin would be worth $10,000+ by the end of last year, and the people who are saying right now that Bitcoin is headed to $0. Stay frosty. Wink

Amph

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Quote from: flyingplows on April 23, 2015, 07:08:45 AM

Quote from: ?? on ??

The best time to invest in BTC when the price just fell down

You also can get discount if you use bitcoin in specific place

But the real question without answers is - how do you know that the price just fell down. Maybe it's just starting to fall.
When BTC was 220$ recently, I didn't buy, because I thought it was in the middle of the dive to 150$-160$ again. And a lot on analysts told price will fall further, but it didn't. I guess we'll have to ''get discount if we use bitcoin in specific place'' Wink

usually if the price remain at the same range for a long time, it is very hard that it will fall under that value, and the more it stay there the more consolidation there is, especially when there are many pump and dump around that value, because it means that many people bought at that price and they aren't too stupid to sell low buy high

flyingplows

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Quote from: ?? on ??

The best time to invest in BTC when the price just fell down

You also can get discount if you use bitcoin in specific place

But the real question without answers is - how do you know that the price just fell down. Maybe it's just starting to fall.
When BTC was 220$ recently, I didn't buy, because I thought it was in the middle of the dive to 150$-160$ again. And a lot on analysts told price will fall further, but it didn't. I guess we'll have to ''get discount if we use bitcoin in specific place'' Wink

rjclarke2000

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Quote from: adamstgBit on April 22, 2015, 03:27:39 PM

Quote from: rjclarke2000 on April 22, 2015, 03:02:36 PM

The average person who is not interested in any of this needs a reason to use Bitcoin. This will massively increase the price.

The obvious other one is a "wallet for idiots" so to speak.

The one question is what will make this happen? What will be thing that opens everyone's eyes to Bitcoin?

I wish I knew.

http://cointelegraph.com/news/113923/foldapp-lets-you-pay-with-bitcoin-at-starbucks-and-get-20-off

this is a very cool concept if they could expand to have a few more stores that would be really cool

also would be cool to see this site allow poeple to get BTC quick for their unwanted gift cards while other poeple get like 20% off.

theres a lot of reasons to use bitcoin, its just that these services are all so new most poeple don't know you can get these kinds of deals, or think its really really complicated to get BTC or are to obsessed with banking 5% on a leveraged short rather than look around at what you can actually do with a BTC these days....

I think the next 5 years could be very interesting. I am glad I own Bitcoin.

adamstgBit

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Quote from: rjclarke2000 on April 22, 2015, 03:02:36 PM

The average person who is not interested in any of this needs a reason to use Bitcoin. This will massively increase the price.

The obvious other one is a "wallet for idiots" so to speak.

The one question is what will make this happen? What will be thing that opens everyone's eyes to Bitcoin?

I wish I knew.

http://cointelegraph.com/news/113923/foldapp-lets-you-pay-with-bitcoin-at-starbucks-and-get-20-off

this is a very cool concept if they could expand to have a few more stores that would be really cool

also would be cool to see this site allow poeple to get BTC quick for their unwanted gift cards while other poeple get like 20% off.

theres a lot of reasons to use bitcoin, its just that these services are all so new most poeple don't know you can get these kinds of deals, or think its really really complicated to get BTC or are to obsessed with banking 5% on a leveraged short rather than look around at what you can actually do with a BTC these days....

rjclarke2000

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The average person who is not interested in any of this needs a reason to use Bitcoin. This will massively increase the price.

The obvious other one is a "wallet for idiots" so to speak.

The one question is what will make this happen? What will be thing that opens everyone's eyes to Bitcoin?

I wish I knew.

Moonpig

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Quote from: rjclarke2000 on April 22, 2015, 01:57:30 PM

Quote from: flyingplows on April 22, 2015, 01:17:05 PM

What about short and mid term? What do you think, is BTC rebounding and will stabilize at ~250$ for a longer time, or is it a temporary relief before THE BIG drop like we had earlier this year to 160$? I'm beginning to think we will have a few more dives to ~200-210$ but no lower and after that BTC will stabilize at 250$ and be there until halving approaches or some very disruptive events occur. So I will buy at just above 200$, don't believe I get something better again...

As someone else has stated already, the price of most alt coins didn't change during their halvings.

I know Bitcoin is the daddy but why (apart from maybe a small pump near to that date) does everyone think the price will soar?

Not trolling here just interested in opinions.

Alt coins are tiny in comparison and barely anybody uses them so there's not much demand for them hence why the price is unnafected. However there is a lot of demand for bitcoin and hopefully will be more in the future.

flyingplows

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Quote from: rjclarke2000 on April 22, 2015, 01:57:30 PM

Quote from: flyingplows on April 22, 2015, 01:17:05 PM

What about short and mid term? What do you think, is BTC rebounding and will stabilize at ~250$ for a longer time, or is it a temporary relief before THE BIG drop like we had earlier this year to 160$? I'm beginning to think we will have a few more dives to ~200-210$ but no lower and after that BTC will stabilize at 250$ and be there until halving approaches or some very disruptive events occur. So I will buy at just above 200$, don't believe I get something better again...

As someone else has stated already, the price of most alt coins didn't change during their halvings.

I know Bitcoin is the daddy but why (apart from maybe a small pump near to that date) does everyone think the price will soar?

Not trolling here just interested in opinions.

I think of it like altcoins are just speculation within speculation, because their price is tied not to fiat, but to bitcoin itself, so their shitty events don't have any global influence - you can still speculate them in their price connection to bitcoin and altcoin price is never objectively accurate anyway so no big incentive to overreact to halving. Kindof Cheesy

Dilla

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They think that the drop in daily supply will increase the price based on the same demand as the previous supply. Basic economics says price will rise. The other side of the coin is since we know this, the halving is already built into the price already and not much will happen.

rjclarke2000

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Quote from: flyingplows on April 22, 2015, 01:17:05 PM

What about short and mid term? What do you think, is BTC rebounding and will stabilize at ~250$ for a longer time, or is it a temporary relief before THE BIG drop like we had earlier this year to 160$? I'm beginning to think we will have a few more dives to ~200-210$ but no lower and after that BTC will stabilize at 250$ and be there until halving approaches or some very disruptive events occur. So I will buy at just above 200$, don't believe I get something better again...

As someone else has stated already, the price of most alt coins didn't change during their halvings.

I know Bitcoin is the daddy but why (apart from maybe a small pump near to that date) does everyone think the price will soar?

Not trolling here just interested in opinions.

flyingplows

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Activity: 518

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What about short and mid term? What do you think, is BTC rebounding and will stabilize at ~250$ for a longer time, or is it a temporary relief before THE BIG drop like we had earlier this year to 160$? I'm beginning to think we will have a few more dives to ~200-210$ but no lower and after that BTC will stabilize at 250$ and be there until halving approaches or some very disruptive events occur. So I will buy at just above 200$, don't believe I get something better again...

grandFX

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Quote from: Hazir on April 22, 2015, 08:59:59 AM

The best time to invest in BTC would be before next halving (next halving will happen in approximately 60 weeks). There are speculations that when BTC will be harder to get price immediately will go up.
So if you buy BTC before 2016 and hold until that time you are on a good way to earn some money.

Really? but maybe it's time to invest bitcoin from now
and hold before halving. because many traders wait for that. wait and see.

ensurance982

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Quote from: Amph on April 22, 2015, 10:09:48 AM

Quote from: LOBSTER on April 22, 2015, 09:58:06 AM

In my personal opionen yes. Because it's spring Cheesy

Spring for the Bitcoin = prosperity

usually the big pump come in autumn, summer and spring are for vacations, many invest in cruises and women Cheesy

, and not bitcoin or stocks

around september should be a good bet

Yup, "Sell in May and go away" comes to mind.... But we've seen quite an impressive pump last year at the end of May, as well. So why not try to break out of the long term bear market first and observe a slow but steady rise over the warm summer?

Amph

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Quote from: LOBSTER on April 22, 2015, 09:58:06 AM

In my personal opionen yes. Because it's spring Cheesy

Spring for the Bitcoin = prosperity

usually the big pump come in autumn, summer and spring are for vacations, many invest in cruises and women Cheesy

, and not bitcoin or stocks

around september should be a good bet

LOBSTER

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In my personal opionen yes. Because it's spring Cheesy

Spring for the Bitcoin = prosperity

ensurance982

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Trust me!

Quote from: Hazir on April 22, 2015, 08:59:59 AM

The best time to invest in BTC would be before next halving (next halving will happen in approximately 60 weeks). There are speculations that when BTC will be harder to get price immediately will go up.
So if you buy BTC before 2016 and hold until that time you are on a good way to earn some money.

Yeah but everyone expects the price to go up by then (or after the halving occurred) and it's pretty difficult to tell whether this will lead to a self-fulfilling prophecy or a "buy the rumours, sell the news" situation. I think the halving will be priced in gradually over time!

Hazir

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The best time to invest in BTC would be before next halving (next halving will happen in approximately 60 weeks). There are speculations that when BTC will be harder to get price immediately will go up.
So if you buy BTC before 2016 and hold until that time you are on a good way to earn some money.

minerpumpkin

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Quote from: randy8777 on April 22, 2015, 03:47:44 AM

Quote from: BitmoreCoin on April 22, 2015, 02:44:15 AM

If you just buy 1-5 bitcoins and you can afford the loss the all the fiat, then it is a good idea to buy.

loss in fiat is just temporary if you hold your coins for the long run. the key is, how long can people hold their coins without panic selling. buying $1000 worth of bitcoin and holding it will give the best return.

Well this is true to a certain degree, but many people will disagree with you there by saying: It is key not to hold on to a losing asset. It is key for many professional traders not to act on their emotions, but respect their stops and sell in order not to lose even more! This seems to be a mistake many rookie traders make!

randy8777

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Quote from: BitmoreCoin on April 22, 2015, 02:44:15 AM

If you just buy 1-5 bitcoins and you can afford the loss the all the fiat, then it is a good idea to buy.

loss in fiat is just temporary if you hold your coins for the long run. the key is, how long can people hold their coins without panic selling. buying $1000 worth of bitcoin and holding it will give the best return.

BitmoreCoin

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If you just buy 1-5 bitcoins and you can afford the loss the all the fiat, then it is a good idea to buy.

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