Quote from: Dafar on July 22, 2016, 02:14:57 PM

Quote from: podyx on July 22, 2016, 02:02:28 PM

Quote from: JayJuanGee on July 22, 2016, 01:37:05 PM

Quote from: podyx on July 22, 2016, 01:04:42 PM

Buy opportunity or sell opportunity? Huh

Thoughts?

Of course, today is a buy opportunity because, if you noticed, the price is going down.

The best practice is to buy BTC on the way down and to sell on the way up.

If you were going to sell some bitcoins, then you should have already done that.

So under the current price direction, the opportunity is here and that is to buy little bitcoins, and the only questions are how much to buy and at what price increments.

Yup, I'm leaning towards buy opportunity too.

Just gonna wait a while to make sure it doesn't continue downwards.

I think some huge gains are in sight the coming months.

How huge tho?

90% of my net worth is in bitcoin now hehe... I'm either retarded or a genius

Wow... 90% is a really high level.

Quote from: Yakamoto on July 22, 2016, 02:59:56 PM

There is no way to determine whether or not it is a good buy time because we haven't seen a lot of potential energy coming from the market, and there doesn't seem to be much enthusiasm with the traders right now, so it doesn't seem like buying today is a good idea. Maybe in a week or two I can see more of a buy scenario, but for now I would hold off and see where it goes.

There might be a breakout coming for Bitcoin soon, but we'll have to wait and see.

This is an o.k. strategy if you already have some bitcoin, but if you do not have any, then you better get off your ass and buy a little, otherwise you are too pie in the sky attempting to time the bottom which seems impossible to do.

Of course, maybe the odds are good for another downward adjustment, but there are also decent odds that the price is going to go up from here.

i personally think that the odds are a bit higher in favor of a small downward adjustment before going up, but I would not stake too much on such a bet.

So for example, if I had $5000 and zero bitcoins, I would probably invest at least $2500 of that into bitcoins at this point in the mid $650s, yet I understand people are going to have different risk points, timelines and different levels of other investments, too.