It's hard to predict short-term trends, tops, and bottoms because the price depends so much on external events we cannot predict, like announcements by governments and investment managers.
However, history tells us that Bitcoin seems to have strong rallies, often with panic buying by newbies near the top, then sharp corrections, often with panic selling by those same newbies near the bottom. There then tends to be some sideways movement before the next rally. We've just finished a strong rally, a deep correction, and a period of sideways movement. The most likely scenario is that a new rally will develop soon, although the exact timing is impossible to say. This looks like an excellent entry point.
The long-term trend is easier to predict, and the future looks very bright. Buy today, hold for years, and you stand a good chance of becoming rich.
Topic: So you're newbie, have you already bought BTC or are you waiting for a drop? (Read 1216 times)
December 26, 2013, 07:52:38 AM
December 26, 2013, 07:28:01 AM
does it make sense to start mining now? with a hardware that gives me about 48Ghz/s, my goal is to get 1Bitcoin every month
December 26, 2013, 05:00:42 AM
Bought some all the way down from 800 - 500. I have no where it's going in the short term, but barring some really bad news I doubt we'll see sub 400 prices anytime soon.
December 26, 2013, 04:13:00 AM
I have never purchased BTC.
Been a miner for a long while though.
Been a miner for a long while though.
December 26, 2013, 03:59:15 AM
Seems to be on the rise again - be it not by much!
The price hopefully will keep climbing.
The price hopefully will keep climbing.
December 26, 2013, 03:39:55 AM
Holder!
December 26, 2013, 03:22:51 AM
@Bitbrasil Indeed as you can see we have already bought Bitcoins anyways a drop is still a good earning.
December 25, 2013, 10:11:17 PM
I'm also after a good alt coin to mine. Can someone tell me the most realistic coin to mine with a CPU setup?
December 25, 2013, 07:00:29 PM
The only issue I see with middlecoin is they send out the chunks in 512 incriments which even take my 6970 laptop processor forever to solve
December 25, 2013, 06:52:31 PM
ive been mining a couplr weeks, litrcoinpool, multipool and coinex, and now middlecoin. (rrslly not liking multipool or middlecoin cause my gpus freezr up and do nithing)
only about .45btc now total, lost some when panic sold and price rose after I did so I didn't buy back in right away.
thinking in a few days to buy a BTC or two... not sure tho, could drop to 300 but seems unlikely, esp with the 8billion or so market cap.
lots of spelling mistakes as im using a dell venue pro
only about .45btc now total, lost some when panic sold and price rose after I did so I didn't buy back in right away.
thinking in a few days to buy a BTC or two... not sure tho, could drop to 300 but seems unlikely, esp with the 8billion or so market cap.
lots of spelling mistakes as im using a dell venue pro
December 25, 2013, 05:57:21 PM
I bought few at 450 recently, but I cant buy more before end of January, because Im out of money. Hopefully the price will be 400-600
December 25, 2013, 05:46:43 PM
Bought 5, waiting for 500 
December 25, 2013, 05:40:41 PM
waiting for a drop to 500 again
December 25, 2013, 05:36:46 PM
I'm in a mining pool, and don't get paid tip I hash a bit penny. It might take 4 or 5 days XD. I don't even know if the wallet works.
December 25, 2013, 05:32:28 PM
buying btc and gold
December 25, 2013, 05:01:23 PM
It already dropped earlier in the week, pretty sure its gonna trend upwards now. Bought mine at around ~600, love seeing it go upwards from now. BTC to the moon! 
December 25, 2013, 03:53:47 PM
Mining FTW
December 25, 2013, 03:51:21 PM
Looks like its still going down to me.
Well what im willing to pay doesnt matter does it?
Well what im willing to pay doesnt matter does it?
What is with people saying it's going down?
Going by Coinbase's prices, it has been hovering around $650 with remarkable consistency for the last week.
More to the point of the original post:
I have bought and will continue to buy BTC for the next few weeks at least. I expect big things in 2014.
Overall trend is still downwards if you trade daily candles.
December 25, 2013, 03:48:49 PM
So newbies, have you already bought a lot of BTC or are you waiting for a price drop?
I'm trying to transfer my fiat money into btc as soon as I earn it, and I'm planning to do it regularly. Hording it for my bright future.
Mining for about 3 weeks and have about 0,6 BTC so far... All done through alt crypto..
How much kh/s do you have, and what were you mining, if it's not a secret (inb4 doge)? December 25, 2013, 03:34:46 PM
I don't think it'll be lower anytime soon, unfortunately 
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