Topic: Will tomorrow be a good time to buy bitcoins? (Read 3651 times)

Thanks.Hopefully I can pick a few up within the next week. It looks like its starting to climb back up already, but then again I know very little about the fluctuations going on in this market.

ok i will make prediction, but I may be very wrong. i think it will be dropping about 30% every day, so you should have 5$ in about a week. of course many bull traps ahead, so don't rush if you see price going up.

Still waiting for Dwolla to clear my account. Any speculation as to what will happen over the next 3 days?  Gox opened at 60 today and appears to be around 70 now. Do you think it will only go up from here? Hopefully I can still buy a few coins for cheap . Thanks.

I realize this is all speculation, but it's nice to here some opinions from those who have been around for a bit.

Mt. Gox is back up 

Then it's pretty much always a good time to buy. When you do may limit the options on when it's a good time to sell, though.

It's a great time for buy orders, anyway.

Pop some up at $5.02151 and give it a week. Don't look at it for a week, though. Make yourself some nice meals in the time you would've been obsessing over price.

Hell, if you have BTC & USD, place some bids @ $5.02151, asks @ $150.02151 because we could really hit either in the next few days. 

So I was hoping to buy in, but it seems bitfloor is down as well and gox is completely down so I can't even wire money to my account.  Are there any other exchanges I should try? Any suggestions? Also, is Bitfloor down just because of the high traffic it is receiving due to gox being down? Thanks.

How do you figure it will get down to 13$? Don't you think people like me will see the prices dropping and want to buy back in bringing the prices back up?

Thanks.  I just want to buy a few and hold on to them. I don't have much time for day trading, but I would still like to buy a few to keep for a while.

it should go down to $13, so wait dont buy yet

Okay, two things to remember:

• A low price means that it's a good time to buy.
• Never invest more than you can afford to lose.

Lots of "chicken little" types will try to tell you the sky is falling. Nobody can know the future—at best, it's a guess that the market will somewhat stabilize around USD$150 or USD$10. It's all a matter of how the market works, and how people react. When stable people are involved, the market is stable; when people are running arround yelling about how the sky is falling, the market is unstable.

Panic selling means more availability. However, it also means more volatility as people try to get the price to go up or down. In a young market like Bitcoin, you're going to see a lot of volatility for a while because of the April Foolscoin coordinated effort to destabilize the market (yes, there are some people who benefit from this, jerks that they are), but really you should decide on a long-term strategy.

Overall, Bitcoin is going up. On average, it's rising at about 1000% per year (the recent shenanigans notwithstanding). It's got plenty left in it, and if you're going to buy for long-term gains, now is actually a great time. Put in a buy order and sit on them. But if what you want to do is day trading, this market is far too young and unstable for that. All it will do is elevate your blood pressure and give you heartburn. But if you buy in, sit on it, and wait for a year. The overall effect is quite pleasant, in spite of the day-trading folk who cause panic and discontent with their constant gloom and doom.

I've actually decided that I don't have much to lose, so I'm mining using a bunch of old computers I just had sitting around. At today's prices, I'm at a whopping USD$0.90 and I might sometime see a few dollars out of that. Being broke means I have to find a way to do hard work in order to be paid.

You realise this is a self fulfilling prophecy?

We all sell, price goes down. We all buy, price goes up.

I wouldn't follow engines advice in this thread, you don't know what their motives are

I use Bank>Dwolla>MT Gox to transfer funds normally takes 3 or so days but is cheap.  Just log into MT Gox and see what it supports for transfers. You'll probably have to pay for expediency.

As far as the value of BTC I value it at ~$15 which is where it was before the whole Cyprus debacle and the recently acquired publicity. If it goes down to $15 I don't see it going down any further. You'll have to judge the market. There is never a perfect time to buy or sell, it is all an opinion.

Tomorrow will be buying time, IMO. So you should get as much fiat as possible out of your coins.

So do you think it will drop a significant amount more than tomorrows drop in about a week? I just don't want to miss a good opportunity to pick a few coins up. Thanks.

Should I do that today or tomorrow? Why use bitfloor?

I would load dollars into bitfloor and set a limit order there.

i don't want to make any specyfic predictions, because i am often wrong. but if you want to get btc cheaply, just wait and don't fall in any bull trap that may appear, price will only go down for a while. how long, i don't know? a week, a month, 3 months?

so when would be the best time to buy then? After it comes back up from the crash?