Buy now or not? - page 2. | Bitcointalksearch.org

zby

legendary

Activity: 1594

Merit: 1001

Quote from: nuff on August 20, 2014, 02:28:38 AM

Satoshi Nakamoto said on Feb. 21, 2010 and I quote:

"In the absence of a market to establish the price (of bitcoin, estimates) based on production cost is a good guess and a helpful service (thanks). The price of any commodity tends to gravitate toward the production cost. If the price is below cost, then production slows down. If the price is above cost, profit can be made by generating and selling more."

the current levels are still undervalue for the actual production cost of bitcoin, so definitely it's a better time to buy at these levels.

Did he really wrote this? There is no way to 'generate more coins' - the algorithm adjusts the difficulty so that on average it is always the same amount produced in a given time span.

Microbit001

member

Activity: 63

Merit: 10

Bitcoin is recovering. Now it will continue to rise.

Its a last chance to buy low, which will be gone in a week.

crocko

hero member

Activity: 826

Merit: 1000

'All that glitters is not gold'

Quote from: C64_4EVA on August 20, 2014, 07:59:35 AM

Quote from: ibrahim11 on August 19, 2014, 06:58:59 PM

Should i buy now or not? is this a trap? Grin

Considering that Coinbase has already announced they will be buying up a shit ton of BTC this Friday, if you have the funds available now I would start buying as most likely the price will be going up!

can you provide a link or it is just a rumor ?

niktitan132

legendary

Activity: 1036

Merit: 1000

I suggest buy now and HODL! Grin

Sevvero

sr. member

Activity: 350

Merit: 255

Quote from: ibrahim11 on August 19, 2014, 06:58:59 PM

Should i buy now or not? is this a trap? Grin

Yes, you should buy now.

Go and buy.

Did you buy?

If not, why. I told you to.

C64_4EVA

member

Activity: 68

Merit: 10

Quote from: ibrahim11 on August 19, 2014, 06:58:59 PM

Should i buy now or not? is this a trap? Grin

Considering that Coinbase has already announced they will be buying up a shit ton of BTC this Friday, if you have the funds available now I would start buying as most likely the price will be going up!

apee

full member

Activity: 120

Merit: 100

Its very unlikely the price won't break $5/600 in my opinion. That means buy.

i dig bitcoins

member

Activity: 65

Merit: 10

Its simple...if you're scared of breaking a nail or getting a broken nose don't get into a fight. If you're scared of losing a few hundred or a few thousand dollars or can't withstand those losses you have no business playing with bitcoin. This is not a game for those with weak stomachs, wallets and constitution...bitcoin is for those who can pick themselves up after getting knocked down and shake it off. If you are long on bitcoin and won't vomit if you get punched in the stomach then you have a chance. If you need to have you hands held while you dip your manicured toes in the water then this is not the place you should be. I am being serious when I say stay away from this game if you are barely surviving month to month.

I've been playing this game for a long while now and have been through organ shattering crashes and blood hemorrhaging manipulations and I love every minute of it because I'm a masochist Grin

and I'm confident in bitcoin's fundamentals. It also helps that its been a very profitable sport for me (Aside from my regular income).

If you can't hang with the big dogs, stay on the porch...and this is friendly advice.

DRK

full member

Activity: 128

Merit: 100

Quote from: leannemckim46 on August 20, 2014, 01:33:58 AM

Quote from: ibrahim11 on August 19, 2014, 06:58:59 PM

Should i buy now or not? is this a trap? Grin

At this level, it is good price to buy a few and if it drop more buy a few more.. Average down

This here is a sensible option in my opinion. Putting all your eggs in one basket is a tactic that has never worked!

MrBtcSenior

member

Activity: 70

Merit: 10

I won't buy because I have just invested all what I could, so I will hold them long term.

Corelianer

full member

Activity: 309

Merit: 100

I say buy too, but since BTC-e showed a so much lower price than bitstamp last time, I'm going to open an account there too, maybe I'm getting very cheap coins there....

Brokers

newbie

Activity: 44

Merit: 0

Buy now ofc

nuff

sr. member

Activity: 266

Merit: 250

Satoshi Nakamoto said on Feb. 21, 2010 and I quote:

"In the absence of a market to establish the price (of bitcoin, estimates) based on production cost is a good guess and a helpful service (thanks). The price of any commodity tends to gravitate toward the production cost. If the price is below cost, then production slows down. If the price is above cost, profit can be made by generating and selling more."

the current levels are still undervalue for the actual production cost of bitcoin, so definitely it's a better time to buy at these levels.

FattyMcButterpants

sr. member

Activity: 448

Merit: 250

Quote from: leannemckim46 on August 20, 2014, 01:33:58 AM

Quote from: ibrahim11 on August 19, 2014, 06:58:59 PM

Should i buy now or not? is this a trap? Grin

At this level, it is good price to buy a few and if it drop more buy a few more.. Average down

averaging down is a good strategy in a bull market. i'd say it was a good idea in the initial correction to the late 2013 bubble, because of the long term bull trend. but an 8 month bear market throws that assumption into jeopardy. best to wait for clarity IMO.

leannemckim46

sr. member

Activity: 420

Merit: 250

Quote from: ibrahim11 on August 19, 2014, 06:58:59 PM

Should i buy now or not? is this a trap? Grin

At this level, it is good price to buy a few and if it drop more buy a few more.. Average down

williamj2543

hero member

Activity: 588

Merit: 500

Get ready for PrimeDice Sig Campaign!

Buy now, it WILL eventually go higher, its a very long term investment, and don't get scared if it drops, its gonna climb back again. Oh and don't listen to falllling.

falllling

member

Activity: 112

Merit: 10

Quote from: ibrahim11 on August 19, 2014, 06:58:59 PM

Should i buy now or not? is this a trap? Grin

this is a trap man, the same as 3 days ago

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: DrBitcoin on August 19, 2014, 08:08:17 PM

Quote from: adamstgBit on August 19, 2014, 07:54:50 PM

Quote from: ibrahim11 on August 19, 2014, 06:58:59 PM

Should i buy now or not? is this a trap? Grin

if its a trap... at least you'll be traped with an asset that is:

1. Scarce
2. Durable
3. Portable
4. Divisible
5. Impossible to counterfeit
7. Fungible ( any 1 BTC has the same value as any other )
8. Easy to keep safe ( contrary to popular belief, it easy to print out a paper wallet...)
9. Shiny ( yes the digital bits that make up a bitcoin are VERY shiny)
10. all of the above. + very shiny

Cheesy

Ok...but what if this scarce, durable, portable, divisible, impossible to counterfeit, fungible, easy to keep safe, and shiny asset looses 100% of its value?

The you have a scarce, durable, portable, divisible, impossible to counterfeit, fungible, easy to keep safe, and shiny asset that is worthless.

My point? Your point is pointless.

speculation...

your doing it wrong!

FattyMcButterpants

sr. member

Activity: 448

Merit: 250

Quote from: botany on August 19, 2014, 09:02:59 PM

Quote from: ibrahim11 on August 19, 2014, 08:57:29 PM

I've decided to buy 2 btc but i want to buy at $460. Will it drop down to $460?

Do you intend to hold for long term? If yes, what is your long term price outlook? Would it make a difference if you bought at $480 instead of $460?

the difference is a handful of bit cents, that's what! hey, if bitcorn really goes to a million+, then a bit cent will be quite the pretty penny, eh? just sayin!

botany

legendary

Activity: 1582

Merit: 1064

Quote from: ibrahim11 on August 19, 2014, 08:57:29 PM

I've decided to buy 2 btc but i want to buy at $460. Will it drop down to $460?

Do you intend to hold for long term? If yes, what is your long term price outlook? Would it make a difference if you bought at $480 instead of $460?

Topic: Buy now or not? - page 2. (Read 2618 times)