Topic: xx - page 5. (Read 6362 times)
Yeah, don't buy right now. Currently the situation is 50/50 at best, if the price will start to rise or fall. Putting your money in bitcoin is currently like using your savings to win at the casino. Wait when bitcoin has dropped then your chances that it will rise again are much bigger and only use less then 30% of your savings when investing. Even if bitcoin starts to rise, then wait till it has dropped. Never buy only because everyone else seem to be buying, it could be a trap..
If you are prepare to lose that money do it.
Right now bitcoin is still 50/50. Are you willing to risk all the money to get 10x the return ?
If yes then invest. But you could just invest only a part of your money and move on.
Also be armed with patience, it could take 2-3 years to 10k and 5-10 to reach 100k if ever.
If you plan on hodling at least 5 years, invest and move on with your life.
Right now bitcoin is still 50/50. Are you willing to risk all the money to get 10x the return ?
If yes then invest. But you could just invest only a part of your money and move on.
Also be armed with patience, it could take 2-3 years to 10k and 5-10 to reach 100k if ever.
If you plan on hodling at least 5 years, invest and move on with your life.
Some bold claims made in this thread.
My advice would be to make the decision for yourself. You don't want to listen to the permabulls that will tell you to buy no matter what price we are at. If you are planning to hold for years, then this isn't such bad advice, but when you say "Everything I have" and that's $12,300, then I would do some more homework before putting all your money into Bitcoin.
My advice would be to make the decision for yourself. You don't want to listen to the permabulls that will tell you to buy no matter what price we are at. If you are planning to hold for years, then this isn't such bad advice, but when you say "Everything I have" and that's $12,300, then I would do some more homework before putting all your money into Bitcoin.
Don't invest more than 10% of your net worth in something like bitcoin. BTC is still a highly speculative asset. Also, now is not even the best time to buy (600 is very likely and 700 almost a certainty).
As for a good exchange, use bitstamp. They are the most trustworthy of the major ones.
As for a good exchange, use bitstamp. They are the most trustworthy of the major ones.
Hello. I wanted a good investment and literally just heard about btc when it was $1,100
Is there anyone that can tell me what they think btc will climb to by september-december 2014 (this year)
do you guys think it will go to 2k by march or april like I have read before
or do you think it might go to 5k or 10k by december (many months from now)
Is there anyone that can tell me what they think btc will climb to by september-december 2014 (this year)
do you guys think it will go to 2k by march or april like I have read before
or do you think it might go to 5k or 10k by december (many months from now)
Sorry to burst your bubble, but no one can tell you shit. This is one of the most volatile and unpredictable markets out there, what someone thinks about where the price is headed should not be your decision factor. Because at the end of the day, whatever anyone says really does not mean much, anything can happen. But overall, people are pretty bullish for the long term and so am I.
Do I think it will go to 2k by march? No... I think 2k will happen by July.
Do I think it might go to 5-10k by december? It should but I doubt it, we'll probably see this kind of growth next year.
BTC-E is great, but you can't directly transfer USD there to buy BTC. I would still recommend Coinbase despite whatever issues you had. If you're in the USA it is the best place to get BTC.
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