I am wondering whether it is time to buy or not. No sleep for me, I guess.
i guess a good night sleep isn't very valuable to you?
most common rookie bitcoiner mistake.
set an order and get some sleep...
yeah, after being sleep deprived and feeling deranged, i don't think you'd be in the best situation to make the right call.
Thanks for your concern.
I would buy some BTC straight away as I was about to for some time if it wasn't for this "will it fall terribly low or go up?" situation, really. I'm not afraid of fluctuations, but when people say the price may fall to 500$ it may be better for me to wait for a while...
This BTC investment matter does NOT need to be all or NOTHING, and really it remains quite risky to attempt to predict the market exactly.
Let's say that you have $1,000 that you want to invest in BTC;however, you are worried about whether the price will go down to $500. Well, why don't you use approximately half of the $1,000 ($500), and buy some BTC now? If the price goes down to $500, then you can use the other $500 or at that point you may have more to invest. or if at that point you believe it is going down some more, then buy another $250 and wait to see if BTC prices go down more.
It is generally less safe to attempt to time the market and attempt to bet all or NOTHING b/c inevitably it remains difficult to predict.
I just didn't wanted to wake up with knowledge that I could have waited one day and buy for a better price. It's hard to argue with your logic, though. I will follow your advice. Cheers.
He's telling you to catch a falling knife. LOL. Bad advice
I don't think so. If you believe in the fundamentals, then you believe that ultimately the price is going to go up. Each investor has to come to their own conclusions regarding what they believe based on the information that they have at their disposal.. and sometimes there are leaps of faith involved in such beliefs.
What fundamentals? A purely speculative asset has no fundamentals
The only real economy where things were priced in bitcoins was silk road
You can conclude until you are blue in the face that we should treat BTC like any other asset class or to suggest that it is NOT tangible and throw out a variety of other mainstream derogatory arguments, but that does NOT change the fact that BTC has several innovations that have NEVER been tried before in the same vehicle. I am NOT going to go through and argue all the basics of BTC and BTC 101 - b/c those have been batted about through all kinds of forums, including this thread. You may need to read up, if you believe that BTC is some flash in the pan pump and dump. BTC has continued extended adoption and continued and extended investments and continued and extended liquidation avenues. IN other words, BTC prices are going up, it is just a matter of time, whether it is this week or whether it is within the next year or possibly, worse case scenario a little longer than that....
In any event, the odds are that BTC prices will be going to $700 and beyond in the next few months and then past $850 and into the $3k to 5K range by mid 2015. Surely, this prediction may be off a little bit, but the idea remains that BTC is on its way up, rather than down.
