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Is it a good time to invest in bitcoin

Discussion in 'CryptoCurrency' started by labs8vivek, Jan 23, 2015.

  1. labs8vivek

    labs8vivek BANNED BANNED

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    Bitcoin price is record low is it the best time to buy Bitcoins?
     
  2. dennica

    dennica Jr. VIP Jr. VIP

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    Its too early to tell...

    Lucky I was able to sell it when its price is still high..
     
  3. Rua999

    Rua999 Power Member

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  4. Brad100

    Brad100 Supreme Member

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    Probably yes, just invest and forget about it for now, keep checking, this is one of those time when you can literally become rich if it starts climbing again, it might not start to climb soon but it really can't go any low than this, even if it does, it will climb back for sure.
     
  5. baboz

    baboz Newbie

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    I say Yes its good to invest in BTC. Actually its very profitabile job.
     
  6. wizard04

    wizard04 Elite Member

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    Investing in bitcoin is like playing the roulette. The good time for investing in this currency are long gone.
     
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  7. whynotmakeit

    whynotmakeit Power Member

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    Remember guys only invest what you are prepared to, and able to lose.......
     
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  8. labs8vivek

    labs8vivek BANNED BANNED

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    I have started trading when silver was at $34..i am technical trader but just looking views about btc
     
  9. starvinmarvin14

    starvinmarvin14 Regular Member

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    I'm pretty sure people have said this after every Bitcoin bubble, even when it hit an ATH of $30. No one can tell the future (especially with new technologies and so much smart money being invested in it). To me, the potential gains outweigh losing a bit of money. Just invest what you can lose, put it in cold storage and forget about it.
     
  10. wizard04

    wizard04 Elite Member

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    Actually bitcoin is a very unstable currency, there is no government to keep it stable. That is why people invest in it, its more of a gamble!

    You only need someone to find one small hole in the bitcoin, and everything will fall.

    Also don't forget there are constantly new and new digital currency popping up, which will make a big inflation on the overall digital currency.
     
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  11. LukaB

    LukaB Jr. VIP Jr. VIP

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    Yeah... the other day I went into the bank to exchange a 500 Euro Note.. and she told me it's $527 USD.... I was expecting somewhere around $700 or so.... really took a fall.

    Concerning BTC... it's a risk. I'm not following it always but I see that it keepes going down, then a bit up and vice-versa..... I'd personally hang around BTC groups on Facebook, usually they have those hardcore BTC guys.

    Luka
     
  12. JessiePickman

    JessiePickman Newbie

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    ^^ This. Is it a good time to invest - yes. But your risk are much higher than with traditional investments.
     
  13. starvinmarvin14

    starvinmarvin14 Regular Member

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    Bring on the risks. There are two outcomes.

    1. I go down with the ship and am out a bit of money that I've already accepted as a loss.

    2. Bitcoin goes to the moon and I'm rich.

    Either one I'm okay with.
     
  14. wizard04

    wizard04 Elite Member

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    Its easier to put all your money on black and wait 15 seconds.
     
  15. SimpleSiteSolutions

    SimpleSiteSolutions Jr. VIP Jr. VIP

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    Black is double or nothing. BTC has potential for 10x+ or nothing
     
  16. starvinmarvin14

    starvinmarvin14 Regular Member

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    Double or nothing is not the same as thousands of percent in gains. And I don't believe in black.
     
  17. tycoo

    tycoo BANNED BANNED

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    Bitcoin has to prove itself. Stuff like this has to happen. Now people are saying: "Bitcoin is dead". When this is all over, people will say "I better take another look at this bitcoin thing".
     
  18. labs8vivek

    labs8vivek BANNED BANNED

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    Safe heaven also recovering well this days and i think a bull run already started in it so do you guys think it ll affect btc and it ll be plunged more when safe heaven roar again
     
  19. blackhatbro

    blackhatbro Registered Member

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    What are you supposed to do with it when it goes high again? Trade it in for dollars? i never invested in money/stock before
     
  20. JamesAtlas

    JamesAtlas Jr. VIP Jr. VIP

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    If you have money to risk why not? Just don't think your going to "make it big" off bitcoin. I could of bought at 45 and I'm still glad I didn't. These things are usually fads and come and go. Anyone remember 12dailypro in the early 2000s?
     
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