Some people say the price is going to go to $100, $10, etc, etc. These guys also spread fud to try to get cheap coins. But they don't realize they are hurting the future. Don't believe for a second they aren't trying to buy, why else waste their time on this forum?
Anyway, I'm a hodler. I sleep good at night, don't gamble at exchanges, price doesnt matter at this point and I cant lose my Bitcoin. Its safely offline. Cant get stuck with mtgox or hacked. I simply hodl.
So youre a newbie, should you buy now or wait for a lower price...
If you buy now and are confident (you must hodl no matter what), you just wait. Nothing to do but wait. Could be $50k by 2015. But it could go to $0. The upside is HUGE and the downside is small.
If you wait, it may be too late. You might be waiting for $500 forever until the price is $50k. Your upside becomes very small but the downside is also small.
So when weighing your options, consider that both downsides are small but only option A has a large upside. Now if you're in it for a get rich quick scenario, run away now. This is something that will only reward you if you are passionate about it.
I have been telling people almost the exact same thing. If you are in it for the long haul, and you don't need immediate access to the cash that you are investing, the price right now is extremely low in the grand scheme of things. Yes, if you buy now, you may be in the red over the next few weeks, or maybe even the next few months. But, if you are looking on a longer time table, you will almost certainly be in the green. If you have some disposable income that you are working with, it definitely makes sense to buy some now. If the price happens to dip, just buy some more. Once the price rebounds back to your original purchase price, you will already have broken even on your investment...
