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Should i buy a Bitcoin?

Discussion in 'BlackHat Lounge' started by MotiveVision, Dec 16, 2013.

  1. MotiveVision

    MotiveVision Junior Member

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    I was thinking of investing into at least 5 bitcoins..

    People keep saying that the currency is going to continue growing, but I'm not so sure about that because china has banned payment companies from working with bitcoin..I have a feeling that it'll cause the value of BTC to drop.


    I have my doubts but...I don't want to be one of the people in 1 years time kicking myself in the ass because BTC has increased by 10k.

    what are your thoughts?
     
  2. HerpDerpSlerp

    HerpDerpSlerp Power Member

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    People have had their doubts when bitcoin was at 40$ per. Can you afford this investment and will you care if it tanks? that is the golden question. If you can go for it. If you are making a "bet" I would avoid it.
     
  3. OrangeNRG

    OrangeNRG Jr. VIP Jr. VIP Premium Member

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    Only do it if you have the money to throw at it. You should look into mining. I was making $30/day with a 50 GH/s rig but BTC is too unstable for me to put my trust in.
     
  4. MotiveVision

    MotiveVision Junior Member

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    Considering the amount of publicity and popularity that BTC has gained in such a small amount of time..would you think it's wise to guess that it's going to continue increasing in value
     
  5. lancis

    lancis Elite Member

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    Enthusiasts are crowd-funding the next big step for Bitcoin. They're going to launch a mining hardware into the space, where it will serve as a 'trusted by all' node.

    Imagine the news it will make. Imagine the inflow of new Bitcoin users it will create.
     
  6. MotiveVision

    MotiveVision Junior Member

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    So currently china are declining BTC which will let it drop in price..so that'll be my chance to buy.
    and due to the launch of mining software into space it should rise in value?
     
  7. lancis

    lancis Elite Member

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    Its driven by Buzz, not China. When China got in, it was the buzz around the event, that made many more aware of the currency. There is gonna be hell of buzz once they launch the satellite.
     
  8. shortgigs

    shortgigs Regular Member

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    I was considering when it was around $5. Didn't invest. Look how much I could have made today. I would vote yes.
     
  9. Nigel Farage

    Nigel Farage BANNED BANNED

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    From what I've read, the Chinese announcement was actually good for BitCoin.
     
  10. MotiveVision

    MotiveVision Junior Member

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    I don't understand how that was good for BitCoin, the announcement didn't include anything positive about BitCoin.
     
  11. Larry195

    Larry195 Newbie

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    like all investments, don't put in any money you are not ready to lose. its a risk you are taking so it could go both ways. you can lose it all or make some good money
     
  12. manking

    manking Regular Member

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    If your thinking about investing first consider are you willing to lose it all or not, if not why do you even invest.
     
  13. hzwill

    hzwill Junior Member

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    If you can through your money at all, then just go in. Otherwise, save your money for other more stable way.

    I predicted the two major policy released by Chinese government which is obiviously decreased the value of BTC.

    The truth is when people talk big about the prospect of bitcoin, about how this new concept will change our life, protect our privacy and democracy, Yes, what they are talking about maybe true, but the people who own most bitcoins and people who dive into this pool, they don't even give a shi*t about these. The enthusiasm of profit made the price rocket rising, and the greedy will ruin this new concept finally.

    Yeah, when things get into range of "demand and supply", and you still want to get in. Then you must think and act like a business man. Get more information about this crazy coin, watch out all major government attitude, learn the major media, and most important, prepare the money which will not hurt your and your family when it gone..Don't just think like you are in the utopia and everything, finally, will be good end. This is the real world and it is just a business, nothing more or less.