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

dragonseer

hero member

Activity: 611

Merit: 500

Anglo Saxon Crypto Enthusiast

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

legendary

Activity: 2156

Merit: 1131

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

hero member

Activity: 798

Merit: 500

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

hero member

Activity: 611

Merit: 500

Anglo Saxon Crypto Enthusiast

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

hero member

Activity: 611

Merit: 500

Anglo Saxon Crypto Enthusiast

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

legendary

Activity: 1176

Merit: 1010

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

hero member

Activity: 672

Merit: 500

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

legendary

Activity: 2996

Merit: 1136

Leading Crypto Sports Betting & Casino Platform

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

hero member

Activity: 672

Merit: 500

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

hero member

Activity: 611

Merit: 500

Anglo Saxon Crypto Enthusiast

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

hero member

Activity: 672

Merit: 500

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

legendary

Activity: 2156

Merit: 1131

DAMN BUY NOW OR NEVER !!

Bit_Happy

legendary

Activity: 2114

Merit: 1040

A Great Time to Start Something!

Buy more before the big recovery

Swordsoffreedom

legendary

Activity: 2996

Merit: 1136

Leading Crypto Sports Betting & Casino Platform

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

legendary

Activity: 2114

Merit: 1040

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

legendary

Activity: 3794

Merit: 5474

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

legendary

Activity: 2156

Merit: 1131

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

Fuck the price, FIAT is worth nothing soon.

Sindelar1938

hero member

Activity: 490

Merit: 500

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

porcupine87

hero member

Activity: 546

Merit: 500

hm

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

BitChick

legendary

Activity: 1148

Merit: 1001

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.

counter

hero member

Activity: 798

Merit: 500

Time is on our side, yes it is!

I'd hate to say that you should because I'm an expert in markets and what will happen in the short term movements. But I think I'm not alone when I say if you believe in the long term future of your investment and don't see a good reason not to wait for a better price I say go ahead if that is the amount your comfortable with.

CurbsideProphet

hero member

Activity: 672

Merit: 500

Quote from: Elwar on March 23, 2014, 05:12:57 AM

Best time to buy is when people are panicking.

Not sure when that is? That is when you start questioning whether Bitcoin will survive .

This is pretty good advice although you have to be quick. Sometimes even buying on the rumor of a major event is enough. As they say, buy on the rumor, sell on the news. Of course if you're holding long term you don't have to sell.

eboard10

sr. member

Activity: 261

Merit: 250

I would honestly advise to wait before buying any more bitcoins. There is still too much uncertainty in the market and several technical analysts seem to suggest that we are likely to revisit sub-500 levels over the next month. Of course you can always cost average, split your stash into several parts and buy at every drop.

blatchcorn

sr. member

Activity: 952

Merit: 281

Quote from: piramida on March 24, 2014, 02:08:43 AM

Quote from: BTCalexxx2.0 on March 23, 2014, 11:10:42 AM

SELL, SELL, SELL! You already made some proper loss there. Don't wait until we hit double digits. Right now, you most likely are going to keep on losing money each additional day if you hold on to those coins... I guess we won't see 800$ ever again.

Says somebody with a rich trading experience of two month. Oh yes guru, we never will see 800 again, right, here's your wooden toy, go play outside.

Hahaha

Holding is the the only strategy with cryptos

piramida

legendary

Activity: 1176

Merit: 1010

Borsche

Quote from: BTCalexxx2.0 on March 23, 2014, 11:10:42 AM

SELL, SELL, SELL! You already made some proper loss there. Don't wait until we hit double digits. Right now, you most likely are going to keep on losing money each additional day if you hold on to those coins... I guess we won't see 800$ ever again.

Says somebody with a rich trading experience of two month. Oh yes guru, we never will see 800 again, right, here's your wooden toy, go play outside.

pungopete468

hero member

Activity: 1470

Merit: 504

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...

aminorex

legendary

Activity: 1596

Merit: 1030

Sine secretum non libertas

There is a large supply of coins for $563 right now. When it's gone, it's gone.

BTCalexxx2.0

member

Activity: 97

Merit: 10

SELL, SELL, SELL! You already made some proper loss there. Don't wait until we hit double digits. Right now, you most likely are going to keep on losing money each additional day if you hold on to those coins... I guess we won't see 800$ ever again.

chopstick

legendary

Activity: 992

Merit: 1000

BTC is going to the moon long term. Don't worry about the relatively minor short term price fluctations. Just get as many as you can and don't cash any out until at least 10K, even if it takes a year. No one here has patience it seems. It will happen.

lnternet

sr. member

Activity: 299

Merit: 253

Buy one coin every day.

jeppe

sr. member

Activity: 434

Merit: 251

if you can lose that amount of money buy now!!

Wilhelm

legendary

Activity: 1652

Merit: 1265

Quote from: master-P on March 23, 2014, 09:41:02 AM

I'd wait a few weeks before buying. Even if it doesn't go down much, it's unlikely the price is going to climb up substantially in the next few months, so we may be presented with a better buying opportunity than this.

Quoted for future reference

master-P

hero member

Activity: 868

Merit: 1001

https://keybase.io/masterp FREE Escrow Service

I'd wait a few weeks before buying. Even if it doesn't go down much, it's unlikely the price is going to climb up substantially in the next few months, so we may be presented with a better buying opportunity than this.

BittBurger

hero member

Activity: 924

Merit: 1001

Quote from: chesthing on March 22, 2014, 11:37:18 PM

Quote from: DarkMiningBTC on March 22, 2014, 11:14:26 PM

Well I bought 8 BTC when it was at $850 lol so I'm thinking about buying now, it will hit 700 again in a few days right?

You sound like you just stumbled in drunk to ask this question. Look, no one here knows shit about the future price. You got burned before, if you are ready to accept the risk of it happening again go for it.

He didn't get burned before. At $850 he is going to make a huge percent profit.

Most of us (well maybe outside of this subforum) know that Bitcoin is not a short term thing.

-B-

BitCoinsLOL

full member

Activity: 214

Merit: 100

Quote from: DarkMiningBTC on March 22, 2014, 11:14:26 PM

Well I bought 8 BTC when it was at $850 lol so I'm thinking about buying now, it will hit 700 again in a few days right?

You sound very unsure of what to do. So my answer is do nothing wait.

sgravina

sr. member

Activity: 451

Merit: 250

Quote from: DarkMiningBTC on March 22, 2014, 11:14:26 PM

Well I bought 8 BTC when it was at $850 lol so I'm thinking about buying now, it will hit 700 again in a few days right?

You should sell the 8 bitcoins right now and then buy them back right now. Sell them to your wife to avoid transactions fees.

piramida

legendary

Activity: 1176

Merit: 1010

Borsche

we maybe not at the bottom yet, but very near one, so I'd buy half now half at 450. because when we hit the bottom and that thing turns around and runs... well, it will be much harder for you to buy then (psychologically - always hard to buy at say $600 if it was $500 just a day ago).

UnDerDoG81

legendary

Activity: 2186

Merit: 1213

Best time to buy is when people start saying it is the end, we will see $0.02 coins soon Cheesy

I would wait and watch what the market does. I also bought expensive and now am waiting till we go over 800.

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

Best time to buy is when people are panicking.

Not sure when that is? That is when you start questioning whether Bitcoin will survive .

spiderbrain

legendary

Activity: 889

Merit: 1013

If you're not sure, put a buy order in at $500 or something, so you can get them if they dip briefly.

JimboToronto

legendary

Activity: 4242

Merit: 5039

You're never too old to think young.

Quote from: DarkMiningBTC on March 22, 2014, 11:14:26 PM

it will hit 700 again in a few days right?

A few days? Lawl.

royal-casino

member

Activity: 112

Merit: 10

Casino, Lottery, Dice

No, do not buy now, we are going back to the ice age (0.02$ ) sell all you got

Swordsoffreedom

legendary

Activity: 2996

Merit: 1136

Leading Crypto Sports Betting & Casino Platform

Quote from: Korbman on March 22, 2014, 11:26:52 PM

Quote from: DarkMiningBTC on March 22, 2014, 11:14:26 PM

Well I bought 8 BTC when it was at $850 lol so I'm thinking about buying now, it will hit 700 again in a few days right?

Few days, few months, or a few years. Focusing on the short term prospects always yields unpredictable results. If you believe in Bitcoin, both in the root technology and its global use, then invest for the long term instead. It may be that in 10 years, for example, $565 per coin could be incredibly cheap...

I agree historically time tells no lies but we can't see into the future just make good educated guesses based on what the rear view looks like

JimboToronto

legendary

Activity: 4242

Merit: 5039

You're never too old to think young.

Quote from: InCoinsITrust on March 23, 2014, 02:13:41 AM

Yes, please do so and you can make nice profit very soon.

That depends on what you consider soon.

Historically, 24 months is soon enough.

60 months is a safer bet.

Then again, what happens within a mere 6 months could surprise us all.

InCoinsITrust

member

Activity: 112

Merit: 10

Yes, please do so and you can make nice profit very soon.

cbutters

sr. member

Activity: 294

Merit: 250

If you do it, do it on bitfinex, and suck up that invisible wall that is holding things back.

Sawadekub

full member

Activity: 350

Merit: 102

lol.. its only 10k...

just buy them now.. there is only 12 mil + coins.. its bitcoin not ripple..

its just like shark fin.. useless pcs of shit fin that is so expensive because its limited same goes for bird nest and abalone..

to some of us bitcoin is useless.. but dont forget its limited =)

Sage

hero member

Activity: 632

Merit: 500

Dollar cost in. I'd plan your buy in every 2 weeks over the next 3 months.

The trend is still down, how low it goes nobody knows, that's why you dollar cost in, buying progressively more as it dips deeper.

chesthing

legendary

Activity: 1414

Merit: 1000

Quote from: DarkMiningBTC on March 22, 2014, 11:14:26 PM

Well I bought 8 BTC when it was at $850 lol so I'm thinking about buying now, it will hit 700 again in a few days right?

You sound like you just stumbled in drunk to ask this question. Look, no one here knows shit about the future price. You got burned before, if you are ready to accept the risk of it happening again go for it.

chessnut

legendary

Activity: 924

Merit: 1001

only if you are prepared to lose all that money. Id say go for it. It could be a long wait.

CurbsideProphet

hero member

Activity: 672

Merit: 500

Quote from: DarkMiningBTC on March 22, 2014, 11:14:26 PM

Well I bought 8 BTC when it was at $850 lol so I'm thinking about buying now, it will hit 700 again in a few days right?

Do you always take investment advice from random unknown people on the internet? Not trying to be snarky but best to due your own due diligence.

Korbman

legendary

Activity: 1064

Merit: 1001

Quote from: DarkMiningBTC on March 22, 2014, 11:14:26 PM

Well I bought 8 BTC when it was at $850 lol so I'm thinking about buying now, it will hit 700 again in a few days right?

Few days, few months, or a few years. Focusing on the short term prospects always yields unpredictable results. If you believe in Bitcoin, both in the root technology and its global use, then invest for the long term instead. It may be that in 10 years, for example, $565 per coin could be incredibly cheap...

aminorex

legendary

Activity: 1596

Merit: 1030

Sine secretum non libertas

No, you should wait until they are more expensive, because they will be more stable then.

ScrapOfCat

full member

Activity: 197

Merit: 100

Do you believe that bitcoins will be worth more in the future than they are right now?

DarkMiningBTC

full member

Activity: 156

Merit: 100

Well I bought 8 BTC when it was at $850 lol so I'm thinking about buying now, it will hit 700 again in a few days right?

Topic: Should I buy $10,000 worth of BTC right now? (Read 4978 times)