Quote from: Arv1e on November 24, 2014, 02:16:58 AM

Quote from: ballgum on November 23, 2014, 11:09:39 PM

Quote from: MrBig on November 23, 2014, 11:00:29 PM

You're asking if it's a good idea to invest into bitcoin on a forum where most people have a financial incentive in seeing bitcoin rise Wink

I would wait until the 50k silk road coins are auctioned off, but that's just me.

Why would you wait for that? Do you mean you would buy at the auction, or do you mean you'd wait to buy bitcoins in general after the auction because price will be lower?

Thanks again!

Regarding the auction, Go listen to UDEMY lectures as it will help explain. The silk road auction is selling 40,000 BTC off so its a lot to dump onto the market. If the buyer is looking to acquire BTC its not an issue BUT if he is looking to buy at a discount and then 'dump' its a lot for the market to absorb without having a detrimental affect.

Saying that, a guy did put a limit order onto bitstamp about 2 months ago selling 30,000 at $300 during a bear period and that order got filled within 5 hours and then the price rose to $370

He is suggesting that the sale may have a negative affect on BTC price so maybe wait until then.. Back to why I said... If you are in for a long time then buy and wait

I will check out the lectures thanks for the info