So when do you guys choose to go in for an investment into BTC?
I've just purchased abother 0.5 BTC today.
whenever i have money for investment, i put it in bitcoin by simply going on an exchange and buying bitcoin.
i believe in the long run price will be much higher than this, and when mass adoption happens we will see even higher prices.
I've been waiting and waiting thinking that after the spike and breaking $1k we'd surely see a downward trend in Bitcoin and was hoping to invest when it took a dive.
unless you are a day trader, never wait for price to go down.
and always make sure not to listen to anyone else except your own judgement.
I especially thought that dive would come with the latest reports in the media that there's thousands of transactions caught up in a back log in the blockchain.
this two have no effect on each other.
up until now bitcoin has been mostly used as an investment, and nobody cares if they wait for a couple of hours to get their investment moved around. (it certainly is annoying but not a reason for price drop)
when do you guys choose to dump money in? Do you think I made a poor decision and should have been more patient?
i don't know why you keep using the word "dump" money in, maybe my English sux.
My worst fear would be that my investment becomes valueless (unlikely) or that it drops to $700 or below again.
it is unlikely but it is a valid fear.
bitcoin like any other investment has its risks and rewards, and like any other investment you should also invest as much as you can afford to risk.