When to buy BTC? | Bitcointalksearch.org

franz2

hero member

Activity: 518

Merit: 500

Quote from: TERA on December 30, 2013, 08:49:28 AM

Quote from: dg2010 on December 30, 2013, 05:05:17 AM

The problem with most of Bitcoin investors is that they are always late to the party and don't have the balls to be able to invest in anything as volatile as Bitcoin.

How many of you people who have been waiting for cheap coins actually bought in when they were sub $500 when I was telling everyone that $400 was the LOW? Only the smart ones. The smart ones see the market and have the balls to buy in and have the balls to keep holding whilst the market dips and jumps.

If you keep waiting for a price drop you will always be waiting because it won't ever drop low enough for your stupid mind to trigger a buy.

At some point you have to make a choice, do you believe in Bitcoin long terms? If so, then buy and hold on for dear life.

I bought at $120. Sold at $390 and rebought at $280. Sold at $800 and rebought at $500. Sold at $1150 and rebought $950. Sold at $1150 rebought $600. Sould at $1000 rebought $500. Sold (most) at $800. I am once again sold because the current chart/volume is incredibly weak, manipulated, and China driven. I am waiting to see real volume, and support, preferably without China involved at all.

You are my hero. I never saw someone so cool trading.

Cos I'm not that clever and most time loose at trading. So I just buy, hold and hope it will be the right choice.

In case I calculate right, you increased your amount of money more than factor 68 in a few month.

it means, in case you invested around 15000$ you should have more than 1 Mio US$ now Shocked

segeln

hero member

Activity: 602

Merit: 500

First:
make your decision/opinion about the future of bitcoins.

Second :
Make a personal forecast/estimation for the value of bitcoins in about 1 or 2 years

than conclude:

is your personal value-forecast/estimation >let`s say 2000 €/BTC than ist dosn`t really matter at what Price below 1000 €/BTC you are going to buy BTC.
The higher your personal value-forecast/estimation the less does it matter.

You will be on the winning side either way.

So did I:

Quote

Bought and hold

Now I am watching very relaxed and amused price-movements.

The only thing to strictly be applied is:

Quote

put only money in BTC you can afford to lose.

IMHO: BTC is

Quote

a- once-in -a-life -chance

to participate in a revolutionary changing monetary System[in case this will happen]

T.Stuart

hero member

Activity: 644

Merit: 500

One Token to Move Anything Anywhere

Quote from: TERA on December 30, 2013, 08:49:28 AM

I am waiting to see real volume and support...

Look at the volume for the April bubble and the volume for this one... I think a rise on the current volume is the closest thing we get to stability - and it's still a very fast rise by all standards.

If you had much more volume then it's just back to boom and bust. I think many people here have developed a tolerance to the roller coaster and can't get high of something that might only grow 500% next year!

T.Stuart

hero member

Activity: 644

Merit: 500

One Token to Move Anything Anywhere

Quote from: TERA on December 30, 2013, 08:49:28 AM

I bought at $120. Sold at $390 and rebought at $280. Sold at $800 and rebought at $500. Sold at $1150 and rebought $950. Sold at $1150 rebought $600. Sould at $1000 rebought $500. Sold (most) at $800. I am once again sold because the current chart/volume is incredibly weak, manipulated, and China driven. I am waiting to see real volume, and support, preferably without China involved at all.

But it would be quite something if you were right 100% of the time Grin

TERA

hero member

Activity: 728

Merit: 500

Quote from: dg2010 on December 30, 2013, 05:05:17 AM

The problem with most of Bitcoin investors is that they are always late to the party and don't have the balls to be able to invest in anything as volatile as Bitcoin.

How many of you people who have been waiting for cheap coins actually bought in when they were sub $500 when I was telling everyone that $400 was the LOW? Only the smart ones. The smart ones see the market and have the balls to buy in and have the balls to keep holding whilst the market dips and jumps.

If you keep waiting for a price drop you will always be waiting because it won't ever drop low enough for your stupid mind to trigger a buy.

At some point you have to make a choice, do you believe in Bitcoin long terms? If so, then buy and hold on for dear life.

I bought at $120. Sold at $390 and rebought at $280. Sold at $800 and rebought at $500. Sold at $1150 and rebought $950. Sold at $1150 rebought $600. Sould at $1000 rebought $500. Sold (most) at $800. I am once again sold because the current chart/volume is incredibly weak, manipulated, and China driven. I am waiting to see real volume, and support, preferably without China involved at all.

T.Stuart

hero member

Activity: 644

Merit: 500

One Token to Move Anything Anywhere

Quote from: dg2010 on December 30, 2013, 05:05:17 AM

... have the balls to buy in ...

+1

dg2010

sr. member

Activity: 462

Merit: 250

The problem with most of Bitcoin investors is that they are always late to the party and don't have the balls to be able to invest in anything as volatile as Bitcoin.

How many of you people who have been waiting for cheap coins actually bought in when they were sub $500 when I was telling everyone that $400 was the LOW? Only the smart ones. The smart ones see the market and have the balls to buy in and have the balls to keep holding whilst the market dips and jumps.

If you keep waiting for a price drop you will always be waiting because it won't ever drop low enough for your stupid mind to trigger a buy.

At some point you have to make a choice, do you believe in Bitcoin long terms? If so, then buy and hold on for dear life.

empoweoqwj

hero member

Activity: 518

Merit: 500

Quote from: Parazyd on December 29, 2013, 01:20:47 AM

Quote from: BitChick on December 28, 2013, 09:10:49 PM

Quote from: cp1 on December 27, 2013, 11:30:17 PM

Don't buy, save it for your baby,

What!? Buy a little, hold it for several years and pay for that babies college education! Grin

Or buy a Lambo Wink

The lambo buyer has more than a few bitcoins Wink

Parazyd

hero member

Activity: 812

Merit: 587

Space Lord

Quote from: BitChick on December 28, 2013, 09:10:49 PM

Quote from: cp1 on December 27, 2013, 11:30:17 PM

Don't buy, save it for your baby,

What!? Buy a little, hold it for several years and pay for that babies college education! Grin

Or buy a Lambo Wink

empoweoqwj

hero member

Activity: 518

Merit: 500

If you are going to buy, buy now, cheap as chips. Price is heading north once we get through new year

(Just my opinion. Put money away to feed the baby first!)

BitChick

legendary

Activity: 1148

Merit: 1001

Quote from: cp1 on December 27, 2013, 11:30:17 PM

Don't buy, save it for your baby,

What!? Buy a little, hold it for several years and pay for that babies college education! Grin

adnanabbas

full member

Activity: 224

Merit: 100

Quote from: chesthing on December 28, 2013, 10:39:50 AM

If he's hoping to make a couple grand to help with the baby, I think it's pretty safe to say he can't afford to lose $2k. If you have the time, patience and a little bit of talent you can turn a bitcoin into several bitcoins trading on Cryptsy. I like those odds much better than a blackjack or roulette wheel. Then again, sports betting is probably better if you really know what you are doing.
If you are really set on this, buy 2 btc, take one and paper trade on cryptsy a couple days then give it a go. If this takes off like we all hope it will next year the btc you don't gamble with should give a nice profit. I think it's muchmore likely we will see $10k nxt year than $10, for whatever that's worth.

Quote from: jamesc760 on December 28, 2013, 09:45:12 AM

I believe the op stated that he/she can afford to lose about $2K. This is just as good time as any to buy bitcoins. It WILL go up in value sometime in 2014. It will double in value THREE times in 2014, if past is any indication. It will increase 5 times in value at least, most likely if past is any indication. If I were in your shoes, I'd make SURE that you can LOSE $2K and still provide for the new baby, and then buy ~3 btc with $2K NOW. Then, hold and pray that you will find the right time to sell 1 btc for much profit. Keep the remaining 2 btc until 2016-17, when your new baby is 2 or 3, you can sell the 2 btc for $1m each and retire.

Thank you guys this advice really means a lot to me

chesthing

legendary

Activity: 1414

Merit: 1000

If he's hoping to make a couple grand to help with the baby, I think it's pretty safe to say he can't afford to lose $2k. If you have the time, patience and a little bit of talent you can turn a bitcoin into several bitcoins trading on Cryptsy. I like those odds much better than a blackjack or roulette wheel. Then again, sports betting is probably better if you really know what you are doing.
If you are really set on this, buy 2 btc, take one and paper trade on cryptsy a couple days then give it a go. If this takes off like we all hope it will next year the btc you don't gamble with should give a nice profit. I think it's muchmore likely we will see $10k nxt year than $10, for whatever that's worth.

jamesc760

sr. member

Activity: 448

Merit: 250

I believe the op stated that he/she can afford to lose about $2K. This is just as good time as any to buy bitcoins. It WILL go up in value sometime in 2014. It will double in value THREE times in 2014, if past is any indication. It will increase 5 times in value at least, most likely if past is any indication. If I were in your shoes, I'd make SURE that you can LOSE $2K and still provide for the new baby, and then buy ~3 btc with $2K NOW. Then, hold and pray that you will find the right time to sell 1 btc for much profit. Keep the remaining 2 btc until 2016-17, when your new baby is 2 or 3, you can sell the 2 btc for $1m each and retire.

empoweoqwj

hero member

Activity: 518

Merit: 500

Quote from: cp1 on December 27, 2013, 11:30:17 PM

Don't buy, save it for your baby,

Hard to argue with that. "Don't risk more than you can afford to lose" is the old adage. And you can't afford not to have money to feed the newborn.

cp1

hero member

Activity: 616

Merit: 500

Stop using branwallets

Don't buy, save it for your baby,

TERA

hero member

Activity: 728

Merit: 500

We all knew when to buy in April when suddenly 5 buy orders for 4000btc-7000btc each popped up on the mtgox order book into the gigantic selloff. The orders might be smaller now since there are more exchanges but you get the idea.

empoweoqwj

hero member

Activity: 518

Merit: 500

Quote from: gamybtc on December 26, 2013, 11:09:44 PM

The Best time to Buy BTC Is when a fake news is out and btc rates goes completely. But at that time.

They will increase for sure soon.

Not sure about "fake" news, but certainly people overreact to what they perceive as bad news. Classic case was Silk Road being shut down.

gamybtc

member

Activity: 112

Merit: 10

The Best time to Buy BTC Is when a fake news is out and btc rates goes completely. But at that time.

They will increase for sure soon.

Miz4r

legendary

Activity: 1246

Merit: 1000

Quote from: ?? on ??

Quote from: empoweoqwj on December 26, 2013, 08:27:50 PM

Quote from: bitleif on December 26, 2013, 07:29:35 PM

Quote from: adnanabbas on December 25, 2013, 02:53:38 PM

Yes this is true, i am not confident at all. its just that we are expecting a baby sometime in july & it would be awesome to have some spare cash

I hope you are not looking to bitcoin as an income source. Speculating is just as likely to steal your cash as it is to earn you more, especially on such a short time frame. If you need the cash in the near future then you shouldn't be investing it in bitcoin at all.

I wouldn't have agreed if bitcoin was at $50 to $100 but near $1000, absolutely agree - its not a "looking for spare cash" kind of thing, especially for a baby. Way too much risk.

This is bad news for me, I was looking to earn a "quick" couple of K Undecided

You might as well go to a casino then. Bitcoin is very volatile and it could lose half or more of its value before you have time to click the sell button. You could also get lucky and double your money within a couple weeks, but it's still a gamble. I would suggest you learn more about bitcoin and buy some if you really like the idea and possibilities of it, not as a way to earn a quick buck. Don't invest too much so you don't have to worry constantly about the price, and who knows in a few months or years you could see your initial investment grow pretty large. Don't expect anything though, bitcoin can fail and make you lose your entire investment, or it could go down and stay down for many months or even a year before it slowly recovers. There are no guarantees whatsoever, but for me the entertainment value, the community and what it has taught me about money and the financial system is already worth the fiat I've invested in it. That I even made a profit from it is just a bonus.

Topic: When to buy BTC? (Read 4828 times)