Quote from: theecoinomist on November 13, 2013, 10:26:16 PM

Quote from: Pajamaw on November 13, 2013, 08:14:50 PM

Quote from: LaudaM on November 13, 2013, 08:06:55 PM

There is no better time to buy than the present.

As much as I love idioms, now is definitely not the right time to buy. Sure it may go up incrementally, or even explosively in the next couple weeks, but right now BTC is in a huge bubble, and throwing down money now instead of waiting a month or so will probably end up costing you money unless you can play the short run well enough.

Cause ya know what they say... A penny saved is a penny earned.

I beg to differ.. Bitcoin will explode even more within the next 12 months.. Those facebook brothers, ETF and China will push it above $1k easily.. And when the European Central Bank begins confiscating personal funds to pay off the Unions debt, crypto currencies will go through the roof aswell.

Also I bought a reasonable amount yesterday, so far im up 12%, and I'm hopefully gonna get some more fiat converted into bitcoins in the next months..

if the 2nd part you say is true, you should hedge with precious metals in addition to buying your bitcoins.