If you get and aggregate everyone's advice you'll get to the conclusion that the correct price for Bitcoin is exactly where it's at now.

You're assuming it's priced fairly and there's no cheating or other manipulation in the price.

Not quite. You’d have to weight each person’s advice for their willingness (and ability) to trade Bitcoin.

The entire crypto market is worth $160bn at the moment (Bitcoin: $100bn). That is less than the market cap of Visa, or equals about the market cap of Mastercard. Global gold is valued at around $8.2tn (or $8,200bn).

This is not investment advice, but _IF_ (and that's a big if) some of these coins (mainly Bitcoin and Ethereum) successfully achieve some of their goals, today's price will be extremely cheap. If not, it will probably be expensive. Do your own research and then decide whether you think they can.

No one knows the future. Do your research and see if you think it'll go up or not.

There's still a good chance you'll be wrong. Don't gamble what you cannot lose.

Think of it as a high-risk hedge against future hyperinflation - the Fed can expand the monetary supply arbitrarily to infinity; but Bitcoin's expansion is limited by design.

I think of money as simply a distribution mechanism for the world's resources - a unit of currency can be thought of like a share; a right to allocate a portion of resources represented by that share. With the dollar, you can be diluted to infinity, with bitcoin, you cannot. With any fiat, it only has value because everyone else says it does. ETH is interesting because it is more than just currency, but it remains to be seen how valuable the ability to run decentralized apps will become.

> Think of it as a high-risk hedge against future hyperinflation - the Fed can expand the monetary supply arbitrarily to infinity; but Bitcoin's expansion is limited by design.

That's true of bitcoin, but not bitcoin forks. You can just fork the chain and there's your dilution / inflation e.g. Ethereum classic, Bitcoin Cash, both of those are taking value away from the Bitcoin and deflating the currency futher.

This is a very interesting point. One distinction I'm getting hung up on is that this dilution is in the form of a different currency (Ethereum classic, Bitcoin Cash), not in Bitcoin itself. So the "dilution/inflation" effect comes in the form of competing currencies. In these events, do you have a sense of what mechanisms might affect whether the new currencies gain traction?

Its like any other speculative investment. Define how much you are willing to lose(risk). Once that condition is met, sell. If it goes up, take some profits. It's all about risk management and the discipline to stick to your rules.

This was asked recently, answers include {yes, no, maybe, I don't know} https://news.ycombinator.com/item?id=15491775

Can you repeat the question?

I'm waiting for the next 20% drop, but there's a risk that it will never happen... it's probably not worth the wait though, if you plan on buying some...

Too late to do what? Speculate? Transact?

In case of the former, nobody knows. In case of the latter... You probably shouldn't do it, unless you want to speculate.

No. Well, unless you don't care if they're going to be correct.

Ask John McAfee

jump on to the bandwagon asap. Just invest a minor share of your savings that you can afford to lose and check the exchange rate in 1 year. It might give 50x profit or you can lose it all, but you can afford it)

why is it downvoted? is that a bad advice? why?