Should I buy $10,000 worth of BTC right now?

dragonseer

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Quote from: superresistant on March 28, 2014, 06:35:17 AM

Quote from: CurbsideProphet on March 27, 2014, 03:18:16 PM

Quote from: dragonseer on March 27, 2014, 12:15:30 PM

Could crash to as low as $100 in the next month or so... Why? I think that Bitcoin is the original and served to put crypto currencies on the map... But I don't think the gap in market cap between Bitcoin and it's rivals, some of them with better tech, is sustainable. A surge in bitcoin right now would destroy altcoins, a crash will make them relevant. Any infrastructure for Bitcoin can be easily re-purposed to another coin, and it's not supposed to be an investment.

Just curious, which of the alt coins do you see as having "better tech?"

Proof of stake > Proof of work

Yeah I forgot to add that. Mintcoin is my POS altcoin of choice, it might not be long before people find out about these, and say, "Hey, it's like Bitcoin, but it gives me interest!"

superresistant

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Quote from: CurbsideProphet on March 27, 2014, 03:18:16 PM

Quote from: dragonseer on March 27, 2014, 12:15:30 PM

Could crash to as low as $100 in the next month or so... Why? I think that Bitcoin is the original and served to put crypto currencies on the map... But I don't think the gap in market cap between Bitcoin and it's rivals, some of them with better tech, is sustainable. A surge in bitcoin right now would destroy altcoins, a crash will make them relevant. Any infrastructure for Bitcoin can be easily re-purposed to another coin, and it's not supposed to be an investment.

Just curious, which of the alt coins do you see as having "better tech?"

Proof of stake > Proof of work

counter

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Time is on our side, yes it is!

Yea I also have to co sign the buy more now sentiment just seems like a good time in my mind just try not to over do it.

dragonseer

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Quote from: piramida on March 27, 2014, 03:41:15 PM

Quote from: CurbsideProphet on March 27, 2014, 03:18:16 PM

Quote from: dragonseer on March 27, 2014, 12:15:30 PM

Could crash to as low as $100 in the next month or so... Why? I think that Bitcoin is the original and served to put crypto currencies on the map... But I don't think the gap in market cap between Bitcoin and it's rivals, some of them with better tech, is sustainable. A surge in bitcoin right now would destroy altcoins, a crash will make them relevant. Any infrastructure for Bitcoin can be easily re-purposed to another coin, and it's not supposed to be an investment.

Just curious, which of the alt coins do you see as having "better tech?"

he obviously has no idea what makes bitcoin valuable. or even what the network is powered by, if he thinks it could be "re-purposed"

I said the infrastructure can be re-purposed.. By that I mean, blockchain.info for example can just as easily offer you an online wallet for an altcoin.

Also, the question isn't what makes Bitcoin valuable, it's what keeps it valuable

dragonseer

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Quote from: CurbsideProphet on March 27, 2014, 03:18:16 PM

Quote from: dragonseer on March 27, 2014, 12:15:30 PM

Could crash to as low as $100 in the next month or so... Why? I think that Bitcoin is the original and served to put crypto currencies on the map... But I don't think the gap in market cap between Bitcoin and it's rivals, some of them with better tech, is sustainable. A surge in bitcoin right now would destroy altcoins, a crash will make them relevant. Any infrastructure for Bitcoin can be easily re-purposed to another coin, and it's not supposed to be an investment.

Just curious, which of the alt coins do you see as having "better tech?"

Well broadly speaking, Quark is the most obvious one.. Something like Vertcoin has tech evolved around making mining more equitable, NXT is really different and could put together a slick solution before too long, and other altcoins have tried to offer important refinements to bitcoin... But ultimately there are still hurdles that would stop most people from trying bitcoin, and new apps and services may arise that may make purchasing and using an altcoin easier than it is to buy and use bitcoin today. I keep hearing stories about tons of bitcoin ATMs arriving in places soon, but by the time it happens, they might be offering something else.

piramida

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Borsche

Quote from: CurbsideProphet on March 27, 2014, 03:18:16 PM

Quote from: dragonseer on March 27, 2014, 12:15:30 PM

Could crash to as low as $100 in the next month or so... Why? I think that Bitcoin is the original and served to put crypto currencies on the map... But I don't think the gap in market cap between Bitcoin and it's rivals, some of them with better tech, is sustainable. A surge in bitcoin right now would destroy altcoins, a crash will make them relevant. Any infrastructure for Bitcoin can be easily re-purposed to another coin, and it's not supposed to be an investment.

Just curious, which of the alt coins do you see as having "better tech?"

he obviously has no idea what makes bitcoin valuable. or even what the network is powered by, if he thinks it could be "re-purposed"

CurbsideProphet

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Quote from: dragonseer on March 27, 2014, 12:15:30 PM

Could crash to as low as $100 in the next month or so... Why? I think that Bitcoin is the original and served to put crypto currencies on the map... But I don't think the gap in market cap between Bitcoin and it's rivals, some of them with better tech, is sustainable. A surge in bitcoin right now would destroy altcoins, a crash will make them relevant. Any infrastructure for Bitcoin can be easily re-purposed to another coin, and it's not supposed to be an investment.

Just curious, which of the alt coins do you see as having "better tech?"

Swordsoffreedom

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Quote from: jbrnt on March 27, 2014, 12:18:46 PM

Buy whatever you can afford to loose. Bitcoin prices will bounce back, but may not be too soon. So, don't buy bitcoins with your rent money Cheesy

Well it is going down quite a bit now actually just a range decline but yep pay that rent then invest even if its a tiny amount

jbrnt

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Buy whatever you can afford to loose. Bitcoin prices will bounce back, but may not be too soon. So, don't buy bitcoins with your rent money Cheesy

dragonseer

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Could crash to as low as $100 in the next month or so... Why? I think that Bitcoin is the original and served to put crypto currencies on the map... But I don't think the gap in market cap between Bitcoin and it's rivals, some of them with better tech, is sustainable. A surge in bitcoin right now would destroy altcoins, a crash will make them relevant. Any infrastructure for Bitcoin can be easily re-purposed to another coin, and it's not supposed to be an investment.

GTO911

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Quote from: superresistant on March 27, 2014, 12:10:40 PM

DAMN BUY NOW OR NEVER !!

Bagholders making fools of others, this is not a good time to buy. The market is correcting as bitcoin was overpriced and overrated from the start. Expect 200 dollars soon

superresistant

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DAMN BUY NOW OR NEVER !!

Bit_Happy

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A Great Time to Start Something!

Buy more before the big recovery

Swordsoffreedom

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Quote from: Bit_Happy on March 27, 2014, 02:12:19 AM

Yes 15K now and 30K more if it goes lower. Cheesy

Seriously, only 'gamble' what you can afford...Lowering your average cost is a great idea.

Well dollar cost averaging is one of the most logical investment strategies the problem is that your ratio needs to go up by a larger and larger amount of your total investment to bring the DCA down significantly unless the price rapidly drops from the point you made your purchase at

Still if X bought at 1K and now bought at 500
The same amount as at 1K

They can lower the DCA 1/3 so it definitely can be a great idea

10K at 1000 = 10 BTC
10 K at 500 = 20 BTC

30 BTC at 20K = $666.666 DCA Bwahahaha I mean (that's a number some other threads like to point bitcoin passing by a lot recently whistle)

Bit_Happy

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A Great Time to Start Something!

Yes 15K now and 30K more if it goes lower. Cheesy

Seriously, only 'gamble' what you can afford...Lowering your average cost is a great idea.

Torque

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I'm an idiot, whenever I get a large chunk of money I go all in at the current price. And I have gotten a little burned here and there from that strategy. Tongue

So don't do what I do. Invest 10% of your total funds now, and then invest another 10% every time the price moves up or down 5% from the last price you bought.

Although I believe we are recovering from the last downcycle, so if you went all in at the current price and just held for 3-4 months, I think you would be a very happy person indeed. Grin

superresistant

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I convert all my FIAT to Bitcoin every month no matter what's the price.

Fuck the price, FIAT is worth nothing soon.

Sindelar1938

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You could start now though I sense we will see the low 500s again in due course

porcupine87

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hm

I would buy for 3000 or 5000$ now and if the price falls to 500 spend another few grands.

BitChick

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Quote from: pungopete468 on March 23, 2014, 12:50:13 PM

Buy now, the majority of the world starts a new tax year in April. Many sold this week to rebuy in the first week of April so they can offset the capital gains tax during this next tax year...

Buy this week or miss the opportunity...

I feel so dumb. I never knew that most of the world's tax year begins in April. The things they don't teach in US schools. Wink

Is that part of the reason we had such a huge increase in price last April? I thought it was people in the US getting some tax returns and throwing it into Bitcoin but this makes even more sense to me.

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