Topic: Is now the best time for new people to invest? - page 3. (Read 2874 times)
Now is a great time to invest as BTC has been at its lowest for a while. Can't see it going any lower unless there's a catastrophic event.
I would not call buying BTC as an investment. It is rather speculating.
For an investment the volatility is terrible. For speculating it is a huge opportunity even withing one day.
For an investment the volatility is terrible. For speculating it is a huge opportunity even withing one day.
Bitcoin is a currency. When you say "invest" you need to understand what your aims are. Do you "invest" in Euros when you go to Europe? Or are you "investing in Yen" when you travel to Japan? Are you really "investing" when buying another currency?
What I'm trying to do is a little bit of education. BTC exists for a reason and that reason is so that it can be used as a currency. The fact that it also has properties that make Fiat currencies go down in value against it, does not make it "an investment" - it merely highlights the problems that the other currencies have in retaining actual value.
I do however recommend to my friends that they buy at least 1 bitcoin and if they want, I will buy them back off the person that does if they no longer want them.
If you see Bitcoin as a hedge against your own currency crashing against bitcoin, then by all means buy BTC as an "investment". Other than that buy BTC because you want to spend it now or later.
What I'm trying to do is a little bit of education. BTC exists for a reason and that reason is so that it can be used as a currency. The fact that it also has properties that make Fiat currencies go down in value against it, does not make it "an investment" - it merely highlights the problems that the other currencies have in retaining actual value.
I do however recommend to my friends that they buy at least 1 bitcoin and if they want, I will buy them back off the person that does if they no longer want them.
If you see Bitcoin as a hedge against your own currency crashing against bitcoin, then by all means buy BTC as an "investment". Other than that buy BTC because you want to spend it now or later.
This is nonsense because all the other currencies are just as bad (or worse) as the USD. Fiat currencies are defined to lose purchasing power in the long term and are only useful for short term liquidity.
It is possible to invest in Bitcoin, just like it's possible to invest in other commodities, stocks and bonds.
Bitcoin is a currency. When you say "invest" you need to understand what your aims are. Do you "invest" in Euros when you go to Europe? Or are you "investing in Yen" when you travel to Japan? Are you really "investing" when buying another currency?
What I'm trying to do is a little bit of education. BTC exists for a reason and that reason is so that it can be used as a currency. The fact that it also has properties that make Fiat currencies go down in value against it, does not make it "an investment" - it merely highlights the problems that the other currencies have in retaining actual value.
I do however recommend to my friends that they buy at least 1 bitcoin and if they want, I will buy them back off the person that does if they no longer want them.
If you see Bitcoin as a hedge against your own currency crashing against bitcoin, then by all means buy BTC as an "investment". Other than that buy BTC because you want to spend it now or later.
What I'm trying to do is a little bit of education. BTC exists for a reason and that reason is so that it can be used as a currency. The fact that it also has properties that make Fiat currencies go down in value against it, does not make it "an investment" - it merely highlights the problems that the other currencies have in retaining actual value.
I do however recommend to my friends that they buy at least 1 bitcoin and if they want, I will buy them back off the person that does if they no longer want them.
If you see Bitcoin as a hedge against your own currency crashing against bitcoin, then by all means buy BTC as an "investment". Other than that buy BTC because you want to spend it now or later.
lost nearly half its value 
There were worse crashes in Bitcoin history (27->2 and 266-50), and recovered
Yes you are right, also bubbles last longer as they progress, this might be a good sign.
To be honest I think double previous ATH (450-500) is the bottom but if we get another really bad news tomorrow it will certainly go down, rapidly!
Maybe it is not bottom, and another selloff will be tommorow, not all Chinese sold I guess
lost nearly half its value
There were worse crashes in Bitcoin history (27->2 and 266-50), and recovered
Yes you are right, also bubbles last longer as they progress, this might be a good sign.
To be honest I think double previous ATH (450-500) is the bottom but if we get another really bad news tomorrow it will certainly go down, rapidly!
I wager that it will go lower. But that is just my opinion. Nevertheless I would still buy some while it is in the 400-500 range.
lost nearly half its value
There were worse crashes in Bitcoin history (27->2 and 266-50), and recovered
If it doesn't drop below previous low we are going up from now
so yes, buy I'd buy some
so yes, buy I'd buy some
I have Domain names www.barclaysbitcoin.co.uk and www.lloydsbitcoin.com does anyone have any advice on what I should do with them please ??
Any advice would be greatly appreciated Thank You
Any advice would be greatly appreciated Thank You
lost nearly half its value
You never really know. It could drop more or it could shoot up. It's a gamble. However if you're in it for the long run, I think it will turn out good.
No its not a gamble. Its a question of demand and supply. As far as there is more supply because the Chinese have forbidden bitcoins and Mr. Lee and Mrs. Chang HAVE to sell their coins, than the price will go done. They own approx. 20-30% of all bitcoins. Or in other words: if you buy bitcoin now, you pay a Chinese bill. Do you like that idea?
It doesnt matter who you pay, it is now cheap Bitcoin anyway in my opinion
You never really know. It could drop more or it could shoot up. It's a gamble. However if you're in it for the long run, I think it will turn out good.
No its not a gamble. Its a question of demand and supply. As far as there is more supply because the Chinese have forbidden bitcoins and Mr. Lee and Mrs. Chang HAVE to sell their coins, than the price will go done. They own approx. 20-30% of all bitcoins. Or in other words: if you buy bitcoin now, you pay a Chinese bill. Do you like that idea?
I don't think that mining BTC is still a option. It's to hard to mine right now.
If you have the mining hardware already, just mine and hold the coins for better times.
I agree and disagree. If the electricity part is big maybe is better to mine some other coins where you can mine great values of them and wait for better times
Bitcoin ASIC mining does not cost much electricity, like 20% of BTC price. GPU minig Scrypt coins is much worse
I don't think that mining BTC is still a option. It's to hard to mine right now.
If you have the mining hardware already, just mine and hold the coins for better times.
I would mine alts
You never really know. It could drop more or it could shoot up. It's a gamble. However if you're in it for the long run, I think it will turn out good.
Until the end of january there is sell pressure on the market. See https://bitcointalksearch.org/topic/open-letter-to-all-bitcoin-traders-and-exchanges-376423
I don't think that mining BTC is still a option. It's to hard to mine right now.
If you have the mining hardware already, just mine and hold the coins for better times.
I agree and disagree. If the electricity part is big maybe is better to mine some other coins where you can mine great values of them and wait for better times
buy now, end of this week it will be 760.
Can you use block eruptors on altcoins?
Yes, but only the ones based on SHA-256 (a lot/most of the altcoins are based on SCRYPT).
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