Quote from: AdolfinWolf on November 08, 2017, 06:32:32 PM

Quote from: bildo on November 08, 2017, 05:28:56 PM

Hey guys,
I took my first steps into the Bitcoin market recently with a small transaction on one of the most common convenient exchanges and I now have that in my wallet.

After reading up a little bit more, I learned about the Revolut > GDAX option to save on fees and when I saw the recent price at around $7k I decided to go ahead with it, as I'd read that it took others around 5 hours to complete.

I initially sent a very small transaction to ensure it didn't get lost in cyberspace and this frustratingly took nearly 2 days to come through, until this morning where I had an e-mail saying my funds had arrived at the same time I had a notification to say the BTC price has shot up!

Now, I'm wanting to make a larger transaction in the near future (although tiny compared to most on here!) and I'd like to know whether you would put it on now or wait to see if prices go down a little before the fork. However, I am going to be in this for the long haul so part of me feels like the current price not be quite so relevant in the grand scheme of things, where the other part is kicking me for not being able to do it yesterday!

Put yourself in my shoes and help me out! Grin

Well, if you're looking to buy for a longterm holding, it really doesn't matter when you will buy. Alsom you're going to be pretty disappointed if you're waiting for the fork to happen to buy, see

https://twitter.com/CharlieShrem/status/928308237597888512

It just got cancelled, and bitcoin price has only gone through the roof since then.

-- So yes, you could wait for a minor dip, but if you're going to hold for the long term it might be better to just buy now.

Noticed this right after posting, seems like a pretty crazy evening for BTC! I got in at 7,200, admittedly could've done better but since I was considering at 7,800 in a moment of panic, I'm glad I waited it out.

Admittedly as a long term investment it's not the be all and end all, but every little helps, right?! Cheesy