Quote from: darlidada on May 10, 2014, 07:23:50 PM

Quote from: rpietila on May 10, 2014, 06:52:01 PM

Quote from: darlidada on May 10, 2014, 06:23:47 PM

I put some money on an exchange the day bitcoin hits 360$ and i'm still waiting a window to buy.... I dont think I am the only one. Now thats its back at 450, I wish I had bought 5 days ago. I'm sure I'm not the only one.

What shall I do rpietila?

Depends on how many % of your liquid worth you already have invested in bitcoins. If you are already fully invested, it might not make sense to buy now because the downtrend may continue and you don't want to end up selling your coins at anywhere near these prices. So it's good to have some cash reserve.

But if you are moderately invested (<50% of total assets), and want to buy more, this is a good time. Although if you are investing long-term, you can as well wait for the breach of 500. It does not really matter because the selling price is so much higher. The important thing is to buy before the next big runup.

If we are talking about short-term only, I refuse to give any advice since I don't know your trading strategy.

Thank you so much for replying to me! It's indeed for a very long term investment but that doesn't mean im not trying to maximise the bitcoin i get from my fiat. I dont know if its because we are in a downtrade market but I feel like every trade I made so far could have been a better one. For instance, the lowest bitcoin I had was at 450. And when it was at 430 I didnt buy in ! I think that was a silly move. I'm gonna make it sure to always take advantage to get a cheaper btcoin next time. Now its at 450 again and I feel like an idiot because I'm sure I'm not the only one who put money on the exchange while BTC hit 360. There are many of us who are impatient to buy in. We've all waited bitcoin to dip the last 10 days but it didnt.

It's especially frustrating because I'm NEARLY fully invested in so I'd really like to get the best value for my last investment FOR ONCE. I know im reasoning short term, but I'm sure I could have done better.

It is incredibly hard to time the lows perfectly. Just try to have the "big picture" in view when investing in Bitcoin. There have been many times where I could have purchase lower and wish I had but after the next big run-up in price it won't really matter if you got coins for $360 or for $450 when the price is $5000. You will just be glad you got them or held them. Wink

But the thing that gets most people is the thinking I could have gotten more if I had purchased or traded at the right time. It is not as easy as it sounds or everyone would be doing it. Wink