Makes any sense to buy now? | Bitcointalksearch.org

Explodicle

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Quote from: miketonic on February 25, 2014, 07:28:35 AM

Quote from: kireinaha on February 24, 2014, 03:19:28 PM

Phrases that need to be banned from bitcoin:
"Don't invest more than you're willing to lose!" - thanks dad

Actually I think that should be emphasized to people. I've seen some threads about people complaining how they lost their savings because the value of BTC has dropped so much. As long as this is a public forum where most of the beginners come looking for help and knowledge, we should provide them also the most basic things about investing.

Quote from: miketonic on February 25, 2014, 08:27:36 AM

Quote from: pleiotropik on February 25, 2014, 08:16:40 AM

I have been putting 10% of my savings in BTC ever since it first hit $40 back in march 2013. Will keep putting 10% in, simple as that. Much better than any IRA or Myra (chuckles welcome). If you try to "game the system" and trade the ups and downs remember you are playing in a field filled with pros who use bot-traders and have insanely high IQ's... if you belong to that club, congratulations. if not, tread carefully imagining you are "What's for dinner" of the veterans. Grin

That is a very good method! That way you avoid buying high and selling low

+1 for each. For what it's worth these are the only Bitcoin investment suggestions I actually listened to, I'm happy with the result, and it has given me balls of steel during the latest crash. If anything should be purged from our vocabulary it should be "stop loss"; selling low because you have reason to be afraid.

pleiotropik

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One more thing: With BTC, YOU are the bank. as an individual you must do what you expect the bank to do for you: due diligence in security matters, distribution of funds across different platforms to minimize risk etc. i have lost some funds for the simple reason that some platforms failed (MTGOX lost me 0.6btc but i have lost more elsewhere).

If you can't trust yourself, go to a bank. they'll keep your money safe for you until one day they will go the south park route: "...Aaaand it's gone".

In other words: be reasonably paranoid, it pays.

miketonic

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Quote from: pleiotropik on February 25, 2014, 08:16:40 AM

I have been putting 10% of my savings in BTC ever since it first hit $40 back in march 2013. Will keep putting 10% in, simple as that. Much better than any IRA or Myra (chuckles welcome). If you try to "game the system" and trade the ups and downs remember you are playing in a field filled with pros who use bot-traders and have insanely high IQ's... if you belong to that club, congratulations. if not, tread carefully imagining you are "What's for dinner" of the veterans. Grin

That is a very good method! That way you avoid buying high and selling low

boomertoo

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i am buying every 50 lower , the dreaded averaging in technique.

pleiotropik

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I have been putting 10% of my savings in BTC ever since it first hit $40 back in march 2013. Will keep putting 10% in, simple as that. Much better than any IRA or Myra (chuckles welcome). If you try to "game the system" and trade the ups and downs remember you are playing in a field filled with pros who use bot-traders and have insanely high IQ's... if you belong to that club, congratulations. if not, tread carefully imagining you are "What's for dinner" of the veterans. Grin

murkster

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CLOAKCOIN. NOBLECOIN. VERICOIN.

Its all speculation at the end of all the analysis. Anything can and does happen.

The choice is yours, educated investment with a plan, you cant do any more... :/

miketonic

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Quote from: kireinaha on February 24, 2014, 03:19:28 PM

Phrases that need to be banned from bitcoin:
"Don't invest more than you're willing to lose!" - thanks dad
"Bitcoin outcome is binary, either zero or to the moon!" - ...or it could just be between $500 - $1000 for the forseeable future? i guess people just feel smart by saying this, even though it has no basis in reality.

Actually I think that should be emphasized to people. I've seen some threads about people complaining how they lost their savings because the value of BTC has dropped so much. As long as this is a public forum where most of the beginners come looking for help and knowledge, we should provide them also the most basic things about investing.

keithers

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This is the land of wolves now & you're not a wolf

Quote from: kireinaha on February 24, 2014, 06:53:01 PM

Quote from: boumalo on February 24, 2014, 05:54:55 PM

Quote from: kireinaha on February 24, 2014, 03:19:28 PM

Phrases that need to be banned from bitcoin:
"Don't invest more than you're willing to lose!" - thanks dad
"Bitcoin outcome is binary, either zero or to the moon!" - ...or it could just be between $500 - $1000 for the forseeable future? i guess people just feel smart by saying this, even though it has no basis in reality.

haha so what should we say? What is your take on this?

Let him do what he wants and don't give him advices, he is asking for some

I am sure you have good ones to give, give it a try

lol okay, my sage advice would be, buy as many as you can right now, since we're six weeks into a bear market and this is a good opportunity. buy as much as you can afford to lose, plus one or two more, but don't take any loans, since we may go down further and it could take many months to spark a rally again. i don't want to say bitcoin is a guaranteed return, but dude, come on... right?

The "don't invest more than you can afford to lose" should be modified to "don't invest what you may need right back in the immediate future (1-2 months)" If you will need immediate access back to the same amount of cash that you just purchased bitcoins with, or it will affect your life negatively if it tanks 30% in a day, then it is the wrong investment for you altogether. You should invest in bonds, or mutual funds, or something more stable. If you can handle the swings, and you support the ideology of it, then it is a great way to diversify your investments (with a ton of potential upside)

kireinaha

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Quote from: boumalo on February 24, 2014, 05:54:55 PM

Quote from: kireinaha on February 24, 2014, 03:19:28 PM

Phrases that need to be banned from bitcoin:
"Don't invest more than you're willing to lose!" - thanks dad
"Bitcoin outcome is binary, either zero or to the moon!" - ...or it could just be between $500 - $1000 for the forseeable future? i guess people just feel smart by saying this, even though it has no basis in reality.

haha so what should we say? What is your take on this?

Let him do what he wants and don't give him advices, he is asking for some

I am sure you have good ones to give, give it a try

lol okay, my sage advice would be, buy as many as you can right now, since we're six weeks into a bear market and this is a good opportunity. buy as much as you can afford to lose, plus one or two more, but don't take any loans, since we may go down further and it could take many months to spark a rally again. i don't want to say bitcoin is a guaranteed return, but dude, come on... right?

keithers

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This is the land of wolves now & you're not a wolf

it keeps dipping, so i keep buying some more when it feels like it has hit the bottom...but unfortunately that has happened several times over the past few weeks, so that is a lot of transactions lol

boumalo

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Quote from: kireinaha on February 24, 2014, 03:19:28 PM

Phrases that need to be banned from bitcoin:
"Don't invest more than you're willing to lose!" - thanks dad
"Bitcoin outcome is binary, either zero or to the moon!" - ...or it could just be between $500 - $1000 for the forseeable future? i guess people just feel smart by saying this, even though it has no basis in reality.

haha so what should we say? What is your take on this?

Let him do what he wants and don't give him advices, he is asking for some

I am sure you have good ones to give, give it a try

kireinaha

sr. member

Activity: 350

Merit: 253

Phrases that need to be banned from bitcoin:
"Don't invest more than you're willing to lose!" - thanks dad
"Bitcoin outcome is binary, either zero or to the moon!" - ...or it could just be between $500 - $1000 for the forseeable future? i guess people just feel smart by saying this, even though it has no basis in reality.

Kaligulax

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Well price is down... i think that is good time to buy some BTC...

dowsey14

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It could hit $250-300, but not much lower.

Some say it could hit $10...but I doubt it could go that low.

At $250/BTC a 10BTC buy would be something to consider, just not now.

hostmaster

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Quote from: OlliBrandt80 on February 12, 2014, 12:54:38 AM

..while the price is down? No idea who to listen to. I'm confused, pls help.

Risk is big but without risk no expect big gains.

snakebit

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If you haven't bought any bitcoins at this point, I'd suggest you start buying while they're still cheap and hodl on. Most of us are in it for the long haul. Short-term fluctuations do not bother me. The most important thing is to accumulate as many coins as you possibly can as there is only a fixed number available for everyone in the world.

keithers

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This is the land of wolves now & you're not a wolf

Quote from: vehementchrome on February 18, 2014, 11:17:05 PM

Quote from: keithers on February 18, 2014, 09:49:16 PM

Quote from: vpitcher07 on February 18, 2014, 08:55:28 PM

I bought today and plan on holding for a pretty long time. I'm very bullish long run on btc. I've been around long enough to know bitcoin has gone through way too much shit and rebounded from all of it for it NOT to be taken seriously.

If you are in it for the long haul, you almost certainly bought in cheaply today

In consideration for long term, I would say that buying into btc now is cheap. So, I agree with you. But as to whether or not the price is going to dip further within the week, its possible it might.

Yes, I agree with you, short term you may see a little dip, or maybe even a big dip, but if you don't need immediate access to the cash then it's obviously ok. You can always load up on a few more if the price drops again significantly, and you will break even when the price rebounds back to original price

vehementchrome

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Quote from: keithers on February 18, 2014, 09:49:16 PM

Quote from: vpitcher07 on February 18, 2014, 08:55:28 PM

I bought today and plan on holding for a pretty long time. I'm very bullish long run on btc. I've been around long enough to know bitcoin has gone through way too much shit and rebounded from all of it for it NOT to be taken seriously.

If you are in it for the long haul, you almost certainly bought in cheaply today

In consideration for long term, I would say that buying into btc now is cheap. So, I agree with you. But as to whether or not the price is going to dip further within the week, its possible it might.

keithers

legendary

Activity: 1456

Merit: 1001

This is the land of wolves now & you're not a wolf

Quote from: vpitcher07 on February 18, 2014, 08:55:28 PM

I bought today and plan on holding for a pretty long time. I'm very bullish long run on btc. I've been around long enough to know bitcoin has gone through way too much shit and rebounded from all of it for it NOT to be taken seriously.

If you are in it for the long haul, you almost certainly bought in cheaply today

vpitcher07

sr. member

Activity: 342

Merit: 250

I bought today and plan on holding for a pretty long time. I'm very bullish long run on btc. I've been around long enough to know bitcoin has gone through way too much shit and rebounded from all of it for it NOT to be taken seriously.

Topic: Makes any sense to buy now? (Read 4618 times)