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Topic: Now might be a bad time for newbies to buy BTC (Read 4318 times)

full member
Activity: 126
Merit: 100
October 04, 2014, 09:44:33 AM
#71
You were right. Now is much better time then it was a month ago.

wait for 1-2 weeks and it will go around 360. then you can buy a cheaper coin

We are already touching 340? You can buy cheaper coins later, no worries!
sr. member
Activity: 294
Merit: 250
You were right. Now is much better time then it was a month ago.

wait for 1-2 weeks and it will go around 360. then you can buy a cheaper coin
full member
Activity: 126
Merit: 100
You were right. Now is much better time then it was a month ago.

Don't worry next month will be cheaper...
full member
Activity: 210
Merit: 100
Invest & Earn: https://cloudthink.io
You were right. Now is much better time then it was a month ago.
sr. member
Activity: 1246
Merit: 261
★ Investor | Trader | Promoter
And it might be like that for years to come.  In fact, now might be a good time to short BTC.

This is the 1st year in which BTC has gone down.  And a new trend might be setting in.



What the fuck, you said in your last thread that it would be the last warning you post. So why the fuck are you still doing it? Cut the shit no one cares what you think.

This is older topic, check out the date on the post you quoted. Maybe you should have listened, bitcoin is 20% down since then.
sr. member
Activity: 336
Merit: 250
And it might be like that for years to come.  In fact, now might be a good time to short BTC.

This is the 1st year in which BTC has gone down.  And a new trend might be setting in.



What the fuck, you said in your last thread that it would be the last warning you post. So why the fuck are you still doing it? Cut the shit no one cares what you think.
hero member
Activity: 1372
Merit: 783
better everyday ♥
Nobody knows for with any certainty if this is the low or bottom or if we'll sink 100 points tomorrow.

That said, if you're a believer of Bitcoin and the technology behind it, then now is a good time as any to buy. 

Just don't invest what you're not willing to lose.
legendary
Activity: 1176
Merit: 1000
We are currently near the lowest prices for the year of 2014.

Noone actually knows where this bear market will end. Noone knows the reason for it in actual fact.

If you want to acquire bitcoin as a high risk investment then beginning to acquire a position here is a great entry point with massive upside and some real downside risk also. Bitcoin is always risky. Waiting for an upturn in the price will mitigate some risk but be difficult to time as the price will likely rapidly climb away from the low.

I love that if you are a bitcoin bull and cite the long term bull market with hype cycles you hear the usual 'past performance does not predict the future' from bears. Then the very people criticising you focus on an extremely recent part of the same chart which just happens to slope down to predict further price falls!
member
Activity: 60
Merit: 10
Actually this is a dangerous time for anybody to buy!

"dangerous" maybe the word is risky
full member
Activity: 126
Merit: 100
Actually this is a dangerous time for anybody to buy!
full member
Activity: 238
Merit: 100
It is not the right time to invest on BTC for newbie. Price of BTC is continuously falling. So I think we need to take some times to invest on BTC.
There is blood in the streets. It's the perfect time to buy.

He's saying that we haven't quite sorted out whether this is a falling knife or we are in the clear. If the former, a newbie might panic and also might not know how to deal with exiting on the right side of a wave. So, yes, it might actually be a very dangerous time for a newbie to buy.
hero member
Activity: 784
Merit: 1000
https://youtu.be/PZm8TTLR2NU
It is not the right time to invest on BTC for newbie. Price of BTC is continuously falling. So I think we need to take some times to invest on BTC.
There is blood in the streets. It's the perfect time to buy.
sr. member
Activity: 566
Merit: 250
I have heard some people a month ago talking about bitcoin going over $1000 usd
by christmas time lol does not look like it to me but who knows. Undecided
legendary
Activity: 1281
Merit: 1000
☑ ♟ ☐ ♚
OP, where were you when the price was +1000? I didn't see you wrote these warnings. Now when we might be on the bottom you are...
full member
Activity: 210
Merit: 100
Invest & Earn: https://cloudthink.io
I bought some at $650.  I wish i would be newbie now and not few months ago
sr. member
Activity: 336
Merit: 251
I do not really care how low it goes as I plan to be in this for the long term so I just keep on buying some on every $20 drop and I'll keep on buying as it goes back up again.

Bitcoin will either fail or become what we all hope for it to become. If the latter then there's but one way for it to go and that is up. Bitcoin, in my opinion, will be around for decades to come and with its limited supply it would mean that it can only increase in value.

The current dip in the price will not be the last and I believe we will see many more like this in years to come. These are good as it offers those not yet 'in the market' a chance to get in and for those who are already in an opportunity to sort of 're-stock'.

newbie
Activity: 58
Merit: 0
Now is the perfect time to buy. You can double your money by November.
hero member
Activity: 674
Merit: 500
It seems OP's logic is:
If bitcoin price has increased, it is a good time to buy bitcoin; but if bitcoin price has decreased, it is a bad time to buy bitcoin.

So it seems to me that OP expect the price to move the exact way in the future as in the past, which isn't right at all.
newbie
Activity: 4
Merit: 0


I think its ok to buy btc, and bitcoin is accepted by many merchants now,

so we can buy stuff with bitcoin.

I don't know when is a good time to buy for investment purposes though.
full member
Activity: 214
Merit: 100
Its actually a good time for newbie to buy BTC. Its really cheap now and chances of going up is high..
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