Topic: I'd like to get some bitcoins. Is now a good time to do so? - page 5. (Read 25922 times)
My suggestion to anyone trying to get into the crypto currency would be is: buy bitcoin and other alt coins when you get your weekly or monthly wages/salaries. Invest an amount that you can afford to risk as this space is entirely new and anything can happen at any time.
The opportunity to buy low is today. The price has been playing around 900$-950$. There has been a recent dump/panic dump that has happened. Some people would doubt that it's a good time to buy right now since it's $900 and $900 is a big amount of money to most. That's the same thing people back then was thinking. Even the OP of this thread has made this thread because he was doubtful with the $600 price. Now, he's enjoying his profits.
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The price right now is overpriced only to people that wants to cash out in a year or two. But for someone that wants to invest bitcoins and then cash out after a couple of decades, the price of bitcoins right now is soooooo cheap (and I can't even emphasize that even more). Bitcoin is still in the beginning phase and this price will be something people in the future would think as "really really cheap" just like how we see the price of the past (a couple of dollar for a bitcoin) as really really cheap.
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The price right now is overpriced only to people that wants to cash out in a year or two. But for someone that wants to invest bitcoins and then cash out after a couple of decades, the price of bitcoins right now is soooooo cheap (and I can't even emphasize that even more). Bitcoin is still in the beginning phase and this price will be something people in the future would think as "really really cheap" just like how we see the price of the past (a couple of dollar for a bitcoin) as really really cheap.
Two days ago, the market price hit its lowest level since December - $752.11 to be precise. As I write, the price is at $808.91 http://www.coindesk.com/price/ If you had bought at $900, you would be under by over $90 this minute. The argument is not whether the price would never surpass $1000 again or not, but that you never can tell when next that would be. Suffice to say that buying just at any price on hope, it would definitely rise someday is not a productive way to channel one's fund given the opportunity cost.
Experience traders know that the price of every financial asset moves in wave form, so after every peak, they start scouting for next strong support to buy again, that is how to ride a trendy market and stay safe. Bitcoin is still evolving and surprises cannot be ruled out along the way, so safety first should be the reliable roadmap.
Just like you said, we don't know what would be next. When you bought at $752 per coin, you're still not sure that you're going to have negative profit since we don't know what would be the next market movement. The whole thing is a wave. Those who bought coins at $900 might be thinking that the price will be increasing next. The very same mindset people that bought bitcoins at $752 has.
Anyway, there's nothing for people that are in negative profit to do. All they can do is wait. You said this whole thing is a wave, let's just wait for the next wave that is high enough to reach more than $900 for us to get profit.
I guess after that price rally, it is still a good time to buy bitcoin now, because from $1000 it goes down to sub $900 around $830 as of time of this reply. The reason is that, bitcoin had shown that it can really pass $1000 in price and it is showing that it can actually beat it's ATH this year. If you buy at this price there is a big possibility that you can earn 30% to 80% at the end of this year. According to some prediction of some known bitcoin enthusiast, it can reach $1500 at the end of the year.
I'm planning on getting a fraction of a bitcoin. Maybe about 1/4 or 1/8 BTC just to fill my wallet with something. Is now a good time to do so?
Mate good time has gone but if you want to buy Bitcoin just to buy any good or service than you should think for the good time and if you are thinking to invest your free funds in bitcoin to get some profit than you have missed the good time for buying Bitcoin now it is time to sell Bitcoin because price of Bitcoin is falling.
The opportunity to buy low is today. The price has been playing around 900$-950$. There has been a recent dump/panic dump that has happened. Some people would doubt that it's a good time to buy right now since it's $900 and $900 is a big amount of money to most. That's the same thing people back then was thinking. Even the OP of this thread has made this thread because he was doubtful with the $600 price. Now, he's enjoying his profits.
...
The price right now is overpriced only to people that wants to cash out in a year or two. But for someone that wants to invest bitcoins and then cash out after a couple of decades, the price of bitcoins right now is soooooo cheap (and I can't even emphasize that even more). Bitcoin is still in the beginning phase and this price will be something people in the future would think as "really really cheap" just like how we see the price of the past (a couple of dollar for a bitcoin) as really really cheap.
...
The price right now is overpriced only to people that wants to cash out in a year or two. But for someone that wants to invest bitcoins and then cash out after a couple of decades, the price of bitcoins right now is soooooo cheap (and I can't even emphasize that even more). Bitcoin is still in the beginning phase and this price will be something people in the future would think as "really really cheap" just like how we see the price of the past (a couple of dollar for a bitcoin) as really really cheap.
Two days ago, the market price hit its lowest level since December - $752.11 to be precise. As I write, the price is at $808.91 http://www.coindesk.com/price/ If you had bought at $900, you would be under by over $90 this minute. The argument is not whether the price would never surpass $1000 again or not, but that you never can tell when next that would be. Suffice to say that buying just at any price on hope, it would definitely rise someday is not a productive way to channel one's fund given the opportunity cost.
Experience traders know that the price of every financial asset moves in wave form, so after every peak, they start scouting for next strong support to buy again, that is how to ride a trendy market and stay safe. Bitcoin is still evolving and surprises cannot be ruled out along the way, so safety first should be the reliable roadmap.
I'm planning on getting a fraction of a bitcoin. Maybe about 1/4 or 1/8 BTC just to fill my wallet with something. Is now a good time to do so?
I could say that its not the good time for now to buy a bitcoin due to it will surely goes down a days from now, just hold and wait, that's the only thing we can do for now. And by getting bitcoins the option are; join in the signature campaign and do their rules, or do the the bitcoin faucets, or buy bitcoin if you have enough fund for it.
When the price of a coin(in this case bitcoin) goes down and is still on that phase then itis not recommended to buy because the price can go lower and to be able to get the ROI or profit will take longer, but the risk i this case is higher than when the price is increasing.
That's right, the price will still continue about the rapid decrease.
It's going back to the previous price.
The simple decision are caught some at the middle price. But this is will be risky if the prices were dropping a lot soon.
I'm planning on getting a fraction of a bitcoin. Maybe about 1/4 or 1/8 BTC just to fill my wallet with something. Is now a good time to do so?
I could say that its not the good time for now to buy a bitcoin due to it will surely goes down a days from now, just hold and wait, that's the only thing we can do for now. And by getting bitcoins the option are; join in the signature campaign and do their rules, or do the the bitcoin faucets, or buy bitcoin if you have enough fund for it.
When the price of a coin(in this case bitcoin) goes down and is still on that phase then itis not recommended to buy because the price can go lower and to be able to get the ROI or profit will take longer, but the risk i this case is higher than when the price is increasing.
I'm planning on getting a fraction of a bitcoin. Maybe about 1/4 or 1/8 BTC just to fill my wallet with something. Is now a good time to do so?
I could say that its not the good time for now to buy a bitcoin due to it will surely goes down a days from now, just hold and wait, that's the only thing we can do for now. And by getting bitcoins the option are; join in the signature campaign and do their rules, or do the the bitcoin faucets, or buy bitcoin if you have enough fund for it.
I'm planning on getting a fraction of a bitcoin. Maybe about 1/4 or 1/8 BTC just to fill my wallet with something. Is now a good time to do so?
Mate good time has gone but if you want to buy Bitcoin just to buy any good or service than you should think for the good time and if you are thinking to invest your free funds in bitcoin to get some profit than you have missed the good time for buying Bitcoin now it is time to sell Bitcoin because price of Bitcoin is falling. When this thread was opened (seven months ago) the price was below $600 and it was undoubtedly a good time to buy more coins. But at this time I am not so sure that it could be a good idea, because we are closer of the record high and at this point none can affirm with certainty what will happen next.
It is in fact, the general impression of traders that tilts the market to the side that it goes, so now the majority of traders are of the impression that bitcoin is already overpriced, so buying it now would not be a very good business decision even though the project for bitcoin in 2017, is that the $2500 price mark would be hit. Like it has been said over and over again, the way to profit in trading is by buying low and selling high. If you have been observing the market keenly, you would have noticed as a result of the cyclic nature of the market, that there will always be another opportunity to buy low.
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It is in fact, the general impression of traders that tilts the market to the side that it goes, so now the majority of traders are of the impression that bitcoin is already overpriced, so buying it now would not be a very good business decision even though the project for bitcoin in 2017, is that the $2500 price mark would be hit.
The price right now is overpriced only to people that wants to cash out in a year or two. But for someone that wants to invest bitcoins and then cash out after a couple of decades, the price of bitcoins right now is soooooo cheap (and I can't even emphasize that even more). Bitcoin is still in the beginning phase and this price will be something people in the future would think as "really really cheap" just like how we see the price of the past (a couple of dollar for a bitcoin) as really really cheap. 
I'm planning on getting a fraction of a bitcoin. Maybe about 1/4 or 1/8 BTC just to fill my wallet with something. Is now a good time to do so?
I could say that its not the good time for now to buy a bitcoin due to it will surely goes down a days from now, just hold and wait, that's the only thing we can do for now. And by getting bitcoins the option are; join in the signature campaign and do their rules, or do the the bitcoin faucets, or buy bitcoin if you have enough fund for it.
Yes, it is definitely good time to invest in bitcoins. If you do late in investing, then definitely you have to pay more for buying the same number of bitcoins later. Already, it has reached $1070 price. Better invest now itself.
The price value of bitcoin for now is getting higher, and we don't know where it should gonna be. So I would suggest not to buy because it will hard and it will hurt you badly if the price fluctuate at once, though it can be said as stable price by now. just wait for the meantime, then once the price decrease its up to you if you like to buy.
it's depend. if he's going to buy bitcoin to pay some bills then it's fine but if it's in purpose to gain some profit then it's bad, also nowadays is really hard to earn bitcoin outside of this forum and for example is those faucets which are now most of them are closed due too high price of bitcoin making the owners broke if people rapidly claiming and/or getting attacked by bots deployed by faucet hunterIt's not hard to earn bitcoins outside of this forum, btw. The only things that you can do here to earn money is sell stuffs, offer services, and signature campaign. Selling stuffs and offering services would require audience, this is not the only forum where you can find bitcoin users. To some people this forum isn't a really good place to do those (sell stuffs+offer service) because there's already trusted people here. For example, if you're going to try managing signature campaign or do lending, people would ask you various stuffs first and the majority would prefer going with the trusted user over you.
The price value of bitcoin for now is getting higher, and we don't know where it should gonna be. So I would suggest not to buy because it will hard and it will hurt you badly if the price fluctuate at once, though it can be said as stable price by now. just wait for the meantime, then once the price decrease its up to you if you like to buy.
it's depend. if he's going to buy bitcoin to pay some bills then it's fine but if it's in purpose to gain some profit then it's bad, also nowadays is really hard to earn bitcoin outside of this forum and for example is those faucets which are now most of them are closed due too high price of bitcoin making the owners broke if people rapidly claiming and/or getting attacked by bots deployed by faucet hunter 
we are currently witnessing a FOMO state where a lot of people are afraid they are missing out on bitcoin profit and many will start this fearing soon and they all rush to buy bitcoin, which means we are going to be on the rise for the following days and possibly a week or two where price keeps going up only.
The price value of bitcoin for now is getting higher, and we don't know where it should gonna be. So I would suggest not to buy because it will hard and it will hurt you badly if the price fluctuate at once, though it can be said as stable price by now. just wait for the meantime, then once the price decrease its up to you if you like to buy.
When this thread was opened (seven months ago) the price was below $600 and it was undoubtedly a good time to buy more coins. But at this time I am not so sure that it could be a good idea, because we are closer of the record high and at this point none can affirm with certainty what will happen next.
Don't bet against the trend, you could certainly make profit doing short term investment buying now. I still believe the price will not stop at this level, it could grow more and might surpass the all time high before it will fall back a little bit. Do not hesitate, learn to take bigger risk, now is the right time to buy and tomorrow.Arguably though, if you believe in BTC at all, you should invest because long-term growth. Also, far too many of us here (myself included) are prone to spending, wasting, or gambling away our BTC in istupid moments
When this thread was opened (seven months ago) the price was below $600 and it was undoubtedly a good time to buy more coins. But at this time I am not so sure that it could be a good idea, because we are closer of the record high and at this point none can affirm with certainty what will happen next.
I think so too because the price is near the all time high and I'm not sure which way it's going yet. Right now it is moving just sideways but it could be a fierce drop from hereon in or it might steadily climb a bit more.
Personally I think it is always a good time to buy coins even if the price is high because I believe bitcoin is going to be used widely in a SHTF situation.
Nobody is going to turn to precious metals, simply because they are not as divisible and convenient as bitcoin.
When this thread was opened (seven months ago) the price was below $600 and it was undoubtedly a good time to buy more coins. But at this time I am not so sure that it could be a good idea, because we are closer of the record high and at this point none can affirm with certainty what will happen next.
Yeah exactly ! It is not easy to make big profits buying at this price because though the price might get to much higher values but you might not make profit of 400-500$ per bitcoins. I think the price would get to around 1250 USD and then starts dropping, lets see if it happens 
And also its so risky since theres a big possibilities that price will go down at this current level since we cannot take out that many dumpers will dump there btc since they are satisfied for their profits at this current rate, thats the reason why at this point i can't tell if its good to buy nor not, since we are at unpredictable level will some speculator speculates that the 2013 happenings will.be happen again when price of bitcoin reach to 1000$.
When this thread was opened (seven months ago) the price was below $600 and it was undoubtedly a good time to buy more coins. But at this time I am not so sure that it could be a good idea, because we are closer of the record high and at this point none can affirm with certainty what will happen next.
Yeah exactly ! It is not easy to make big profits buying at this price because though the price might get to much higher values but you might not make profit of 400-500$ per bitcoins. I think the price would get to around 1250 USD and then starts dropping, lets see if it happens Jump to: