New Here , Am i too late for bitcoin ? - page 4.

raid_n

sr. member

Activity: 269

Merit: 250

Quote from: Light on December 03, 2013, 03:39:10 AM

... I still feel that it's entirely speculators who are driving the price up so high and that once this speculation dies down the price is going to plummet back downn ~100 levels we have been seeing for a while.

Do you really believe a 90% drop in price would let BTC survive?
I believe there is potential for future larger crashes but if you expect Bitcoin to go "to the moon" a drop like that would probably kill it (maybe people would flee to an altcoin?)

jonanon

full member

Activity: 154

Merit: 100

I wouldn't say it's too late - I'd advise day trading if you know what you're doing......

Light

hero member

Activity: 742

Merit: 502

Circa 2010

It's not too late, although if I were you I might wait for a bit to see if the market crashes or not, I still feel that it's entirely speculators who are driving the price up so high and that once this speculation dies down the price is going to plummet back downn ~100 levels we have been seeing for a while. As for mining, the difficulty is continually going up and mining gear takes a while to get so you may not reach ROI any time soon. My suggestion would be to wait a bit and possibly invest a bit into buying some BTC.

Neo.op

sr. member

Activity: 1092

Merit: 254

Quote from: ragingtoot on December 03, 2013, 03:17:43 AM

dont bother on mining , you can try the alternate now to trade bitcoin like forex =p

I am not entirely sure if that is a good idea considering the fluctuations in btc, its still not stable.

Eilca

newbie

Activity: 6

Merit: 0

Right now, bitcoin is still far from mass adoption.
It is not really too late yet.

ragingtoot

newbie

Activity: 2

Merit: 0

dont bother on mining , you can try the alternate now to trade bitcoin like forex =p

raid_n

sr. member

Activity: 269

Merit: 250

Quote from: jasonarchie on December 03, 2013, 03:05:07 AM

Maybe you can try to look into alternate coins , Bitcoin is on the peak now

On the peak of what? If Bitcoin was indeed at its limit then altcoins would be too.
Altcoins may be the better speculation vehicle at the moment but it is up to Bitcoin to convince the world that cryptocurrencies are the future.
Why not invest a small amount in Bitcoin and see how things go?

On a side note: I would be very weary about alternative digital currencies that do not rely on a Proof of Work method.
The intentions with Peercoin are good but I am unsure if an exclusive Proof of Stake method works.
Proof of Work acts as a synchronizer for the entire system making Byzantine attacks and excessive Block creation very hard

Neo.op

sr. member

Activity: 1092

Merit: 254

What do you think will be the future value of the coins? If you think they are still undervalued at $1k, then no you are no late. But if you think they are overvalued then yes you are late.
To tackle the question from the other side, I think most of us will agree its too late to be mining them unless you have access to quite some investment.

jasonarchie

newbie

Activity: 2

Merit: 0

Maybe you can try to look into alternate coins , Bitcoin is on the peak now

Naer

member

Activity: 62

Merit: 10

I'd look into peercoin

Lethn

legendary

Activity: 1540

Merit: 1000

I don't think you're too late to invest but it may be too expensive if you're completely new, the thing I'm doing is looking a lot at altcoins because a lot of people tend to think they're worthless so you can buy up a lot of them for cheap and hold them or take advantage of the pretty big price swings, I've actually made a bit of cash for myself this way.

Beware though, if you ever get into trading being able to read the charts and understand how everything works is a must.

dennisdmanis

newbie

Activity: 2

Merit: 0

Hi all , just read about bitcoin lately and saw the bullrun. Am i too late to invest to mine or to buy them to keep ? Huh

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