Bitcoin is at a recent low, should i BUY BUY BUY? or is it not as similar to stocks as I'd like to think

EDIT QUESTION: How many of you will be buying bit coin this morning?

With bitcoin hitting a low in comparison to recent weeks & months, is is worth it to buy now? From what I can tell market vendors try to stay pretty on top of the BTC fluctuation as to make sure they are making the correct amount of profit.

Should I try to buy as much coin as I can right now, because its so low? When coin rises will I theoretically be getting cheaper product, or do vendors mostly fluctuate along with it to make sure the USD amount stays the same, even if the bit coin rises and falls.

This question regards extremely short terms

Im a little slow as far as stocks and interest and these things work.


Comments


[11 Points] None:

[deleted]


[12 Points] None:

[deleted]


[8 Points] GoAwayThrowaway420:

no, it's just like stock. a stock that is crashing could continue to crash... or rebound. supply and demand


[7 Points] Ravelair:

Inb4 another life savings worth lost due to someone taking financial advice from Reddit


[4 Points] None:

It's like stocks ... and by that I mean you don't know what "low" means.

These posts are getting really hilarious. People don't know the first thing about economics, investing, and the illusion of worth.

BTC is incredibly, incredibly unstable by many orders of magnitude greater than most other investments.


[2 Points] DrQuarters_:

I am buying, and I don't even need the coins for anything. It is more of an investment.

And trying to sell as many products as possible, to acquire (what I hope to be) an inflated value of BTC


[3 Points] None:

If you're buying Bitcoin in hopes the market rebounds just remember this:

expect to lose every dollar you put in there

So put in $100, but be prepared to have the market crash and lose it all. Market goes up? You made a few bucks, market goes down? You lose a few bucks. Bitcoin is not a stable investment.


[2 Points] sobulbous:

"Markets can remain irrational longer than you and I can stay solvent." - John Maynard Keynes

"Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy only when others are fearful." - Warren Buffett


[1 Points] None:

Vendors set prices in USD or other currency. I'm contemplating buying more btc, I am waiting to see how low it goes.


[1 Points] Atlantic15:

How many of you are going to try to buy as many BITCOIN as you can this morning?


[1 Points] None:

I bought one just to hold for a while so if,if it goes back up to say 600 I can get a couple o's of chronic for the 180 i paid for the coin...well see Itd be tight if it worked out and if it doesnt....fuck it