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OfflineVapoRs
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Should I invest in bitcoins?
    #19191542 - 11/26/13 11:34 AM (10 years, 2 months ago)

Simple question, should I invest in bitcoins? 

Any and all advice welcome!!  Ready.... GO!


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Invisibleluvdemboomers
loner with a boner

Registered: 01/11/13
Posts: 5,054
Re: Should I invest in bitcoins? [Re: VapoRs]
    #19191553 - 11/26/13 11:38 AM (10 years, 2 months ago)

holy shit... 845...


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InvisibleInto The Woods
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Re: Should I invest in bitcoins? [Re: VapoRs]
    #19191558 - 11/26/13 11:38 AM (10 years, 2 months ago)

Yes, but wait until the bubble pops again.


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InvisibleTrentBoyett
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Re: Should I invest in bitcoins? [Re: VapoRs]
    #19191633 - 11/26/13 11:54 AM (10 years, 2 months ago)

You're a little late.


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InvisibleInto The Woods
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Re: Should I invest in bitcoins? [Re: TrentBoyett]
    #19191646 - 11/26/13 11:57 AM (10 years, 2 months ago)

It can't be long before it crashes again now, though.


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InvisibleDieCommie

Registered: 12/11/03
Posts: 29,258
Re: Should I invest in bitcoins? [Re: VapoRs]
    #19191649 - 11/26/13 11:57 AM (10 years, 2 months ago)

No.  If you are going to invest in crypto-curriences I suggest getting a 7970/7950 and mine LTC.  I'm going to pick up a couple this friday.


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Offlinehighc
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Re: Should I invest in bitcoins? [Re: TrentBoyett]
    #19191660 - 11/26/13 12:00 PM (10 years, 2 months ago)

Quote:

mjmihalov said:
You're a little late.




I bought 10 months ago for about $1000 I sold them last week for over $8500.


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InvisibleSynthe
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Re: Should I invest in bitcoins? [Re: Into The Woods]
    #19191675 - 11/26/13 12:02 PM (10 years, 2 months ago)

Quote:

Into The Woods said:
Yes, but wait until the bubble pops again.



this. i may do the same


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Offlineganjfather
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Re: Should I invest in bitcoins? [Re: highc]
    #19191690 - 11/26/13 12:05 PM (10 years, 2 months ago)

Quote:

highc said:
Quote:

mjmihalov said:
You're a little late.




I bought 10 months ago for about $1000 I sold them last week for over $8500.





Yes, but that was 10 months ago, when it was a REALLY good idea to invest in BTC.



What goes up, must come down, and bitcoins have been up for a while.


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Offlinehighc
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Re: Should I invest in bitcoins? [Re: Synthe]
    #19191711 - 11/26/13 12:10 PM (10 years, 2 months ago)

Your not going to exactly know though. China started excepting them and the silk road bust drove them up. If future black markets get busted in the same manner it will not have as big of an impact. Since the bust they are popping up everywhere which spreads the wealth out. What is in your favor still is how new the currently is. So you still have a little window to work with. The more they are recognized and accepted the more stable they will become and less likely there will be huge fluctuations.


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Offlinehighc
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Re: Should I invest in bitcoins? [Re: ganjfather]
    #19191732 - 11/26/13 12:16 PM (10 years, 2 months ago)

Quote:

ganjfather said:
Quote:

highc said:
Quote:

mjmihalov said:
You're a little late.




I bought 10 months ago for about $1000 I sold them last week for over $8500.





Yes, but that was 10 months ago, when it was a REALLY good idea to invest in BTC.



What goes up, must come down, and bitcoins have been up for a while.




I'm my own grammer Nazi. I meant 10, months ago. It was like 3 months. When they first came into decent attention you could get them about $4.64. Imagine the payoff on that if you sold them when they were going for $1000


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Offlineganjfather
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Re: Should I invest in bitcoins? [Re: highc]
    #19191752 - 11/26/13 12:21 PM (10 years, 2 months ago)

Oh yes, I've heard of a guy investing something like 2k when they first came to light and he made enough to basically retire.

That's the dream. And that was HUGE gamble back then because the fate of BTC was completely unknown.


It's a gamble either way. The thing was silk road happened around a month ago so the hype from that is dieing. There is a decent chance that they will keep going up, but I wouldn't expect TOO drastic of an increase.


Definitely a gamble. I'm too conservative with my money to gamble on BTC right now, but if this was a year ago and I had a chunk of change I probably would have.


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OfflineSchmendrick
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Re: Should I invest in bitcoins? [Re: ganjfather]
    #19191915 - 11/26/13 12:57 PM (10 years, 2 months ago)

Next time the bubble pops, I will be buying in.  I think BTC has at least one good bubble left in it.  As with all short term investments though, the trick is to get out before it pops again. 

Set a number you are looking for.  For me, it will be 4x my investment.  When I have made that much back, I will sell... no matter how 'hot' or 'trending' bitcoins are at the time.  Bubbles can pop at any moment.


Edited by Schmendrick (11/26/13 01:00 PM)


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OfflineVapoRs
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Re: Should I invest in bitcoins? [Re: Schmendrick]
    #19192125 - 11/26/13 01:38 PM (10 years, 2 months ago)

All great advice guys, thanks!  I will probably buy in once the bubble pops as well.  Does anyone know of any good websites to monitor the day by day price of bitcoins?


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InvisibleDieCommie

Registered: 12/11/03
Posts: 29,258
Re: Should I invest in bitcoins? [Re: VapoRs]
    #19192176 - 11/26/13 01:51 PM (10 years, 2 months ago)

Quote:

VapoRs said:
All great advice guys, thanks!  I will probably buy in once the bubble pops as well.  Does anyone know of any good websites to monitor the day by day price of bitcoins?




I suggest this site: https://bitpay.com/bitcoin-exchange-rates

The price they have is the "best" price because that is what you will get if you try to spend your BTC online since bitpay is the service most vendors use.


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InvisibleTrentBoyett
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Re: Should I invest in bitcoins? [Re: VapoRs]
    #19192518 - 11/26/13 03:12 PM (10 years, 2 months ago)

Quote:

VapoRs said:
All great advice guys, thanks!  I will probably buy in once the bubble pops as well.  Does anyone know of any good websites to monitor the day by day price of bitcoins?




I like

http://preev.com/

because it updates automatically and it shows the price in the tab header(or whatever its called?) for your browser, so you don't even have to go to the website to see the price, just keep the tab open and look at it whenever you want.


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InvisibleSynthe
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Re: Should I invest in bitcoins? [Re: TrentBoyett]
    #19192531 - 11/26/13 03:14 PM (10 years, 2 months ago)

Quote:

mjmihalov said:
Quote:

VapoRs said:
All great advice guys, thanks!  I will probably buy in once the bubble pops as well.  Does anyone know of any good websites to monitor the day by day price of bitcoins?




I like

http://preev.com/

because it updates automatically and it shows the price in the tab header(or whatever its called?) for your browser, so you don't even have to go to the website to see the price, just keep the tab open and look at it whenever you want.



:whathesaid:

preev is my favorite tool to check the prices


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InvisibleMagicman69
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Re: Should I invest in bitcoins? [Re: Synthe]
    #19192584 - 11/26/13 03:21 PM (10 years, 2 months ago)

I would totally invest but it seems difficult to offload them when you want to sell. Maybe thats not true, and I certainly have no idea, but it appears that way to me from the outside.


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InvisibleDieCommie

Registered: 12/11/03
Posts: 29,258
Re: Should I invest in bitcoins? [Re: Magicman69]
    #19192604 - 11/26/13 03:24 PM (10 years, 2 months ago)

Quote:

Magicman69 said:
I would totally invest but it seems difficult to offload them when you want to sell. Maybe thats not true, and I certainly have no idea, but it appears that way to me from the outside.




I've mined many over the years and know a little bit about selling them. 

I used to sell mine to a service that bought them directly and sent me a check.  They have since closed down due to "laws" (lol).  In the past year I have sold most of mine to people on craigslist for cash.  I live in a small metro area (less than a million people) but still had more than enough demand to sell off all I wanted.  I also unloaded a few through http://www.amagimetals.com/ by buying silver and gold.


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OfflineSchmendrick
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Re: Should I invest in bitcoins? [Re: DieCommie]
    #19192664 - 11/26/13 03:35 PM (10 years, 2 months ago)

897 as of this post.


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