very risky gamble if you ask me
it might take forever
we are already in a longer bear market than most of us expected, I really think if you want to buy, you should not wait for it to drop even lower, as you risk missing the boat big time.
If the next rally is anything like the previous rallies, it will be very sudden and rise very high, and will make it very expensive to buy in.
It could become $1000+ overnight, and before you have your money on the exchange it could be already over $2000.
it's much safer to just buy at current prices because next year it will not even matter that much if you bought for $380 or $480
It may not pay off, but I don't think I'd call that a risky gamble. You can't lose money on a trade you don't make. Also, we are a single flash crash from that price point (basically, if we get below $440ish on BFX, then we are at $380 in seconds... albeit perhaps only for seconds). That said, I'd say the odds are very low that this will happen anytime soon. We seem to at least want to be correcting upwards at this point albeit the momentum leaves something to be desired.
Not buying bitcoin means you're gambling on the dollar keeping it's value (or whatever it is you store your wealth in).
Now, you may think your money is safe at the bank, but in my opinion bitcoin is a much safer store of wealth than any bank out there. Several crisis, bailouts, bail-ins and such have shown that. Not to mention inflation.
Even if you actually keep your money, it might become more worthless than toilet paper.
I don't think we're going below $400 again.. (*not counting btc-e flash crashes)
btc-e crashes upward i think we'll be alright.
I'm seriously starting to consider creating a BTCe account for the sole purpose of placing a sell order for 3000, just to immediatly buy back for 360. But I doubt I'll get that lucky.
People have this mentality that holding Dollar is being in the safe boat, and when you are in Btc you are on the Titanic, when it's in fact the opposite. The Dollar is Doomed to devaluation thanks to the infinite debt and non stop printing of said money, Bitcoin is backed by math and will not fall into that same fate. So holding both BTC and Dollar are risky, but at least Bitcoin isn't broken by design, it just need's people's trust.