Topic: Do i buy now? - page 2. (Read 6230 times)
Sure buy now but don't buy like mad, make sure you have some powder dry in case it goes lower so you can buy more. Better safe than sorry.
china will push bitcoins to $0 or possible negatives
western markets to bottom at single digits (hopefully)
my ladder is
$11
$7
$3
$.55
$.15
$.02
LOLOLOLOLOLOLOLwestern markets to bottom at single digits (hopefully)
my ladder is
$11
$7
$3
$.55
$.15
$.02
hahahahahahahahahaha
china will push bitcoins to $0 or possible negatives
western markets to bottom at single digits (hopefully)
my ladder is
$11
$7
$3
$.55
$.15
$.02
western markets to bottom at single digits (hopefully)
my ladder is
$11
$7
$3
$.55
$.15
$.02
This is just bearish, Chinese have the strongest hands.
Do not underestimate the possibility someone just sells a lot of coins at once. It would be foolish, but posible. It would be worth buying at these prices then
$0 Bitcoin is an apocalyptic scenario it just won't happen, you're talking about all the hundreds of millions of dollar investments going to the dumpsters, All the startups shutting down, miners abandoning their mining equipment and aspics, bitcoin hacked to the ground and spat on, all the big exchanges shutting down with their owners fleeing into 3rd world hell holes.
Think about it, there is too much smart money behind bitcoin it's going forward nowhere else. Yes we will have price corrections but not single or even double digits ever again!
china will push bitcoins to $0 or possible negatives
western markets to bottom at single digits (hopefully)
my ladder is
$11
$7
$3
$.55
$.15
$.02
western markets to bottom at single digits (hopefully)
my ladder is
$11
$7
$3
$.55
$.15
$.02
This is just bearish, Chinese have the strongest hands.
Do not underestimate the possibility someone just sells a lot of coins at once. It would be foolish, but posible. It would be worth buying at these prices then
china will push bitcoins to $0 or possible negatives
western markets to bottom at single digits (hopefully)
my ladder is
$11
$7
$3
$.55
$.15
$.02
western markets to bottom at single digits (hopefully)
my ladder is
$11
$7
$3
$.55
$.15
$.02
This is just bearish, Chinese have the strongest hands.
china will push bitcoins to $0 or possible negatives
western markets to bottom at single digits (hopefully)
my ladder is
$11
$7
$3
$.55
$.15
$.02
western markets to bottom at single digits (hopefully)
my ladder is
$11
$7
$3
$.55
$.15
$.02
This is just bearish, Chinese have the strongest hands.
beeing here for a while and having no real world trading experience. I would give OP few impressions from average Joe perspective. Yes I know there is everything on charts but anyway
1. Crashes and dumps are long, I always have the impression like " Yes this is last dump there is no way that price will not recover after that" but yet another day price dropped even more
2. Flash crashes are frequent and market seems to be immune to them, learn how to profit on those and you will be golden
3. When market stalls for few days ( low volume ) almost always it end up with some sharp action
4. Price always recover, people say so a lot, but really it seems that things work this way ( till now I was not able to sell a coin cheaper than I bought. Simply I waited for things to sort out, and here you are I am waiting right now for some of my profit to mature
5. Panic periods are swift so it is quite easy to hold your coins but when price stall low on small volume after a crash or is slowly dropping those periods are really depressing
6. No matter what if price rises more than 30 % in one day during rally secure some of your profits
7. Keep track of volume I think in this market this is essential
8. Bitcoin is not only speculation but also culture ( fundamentals, community some kind of world view ) Beside pure financial profit I feel kind of proud that I am member of community I hope to involve more at some point.
1. Crashes and dumps are long, I always have the impression like " Yes this is last dump there is no way that price will not recover after that" but yet another day price dropped even more
2. Flash crashes are frequent and market seems to be immune to them, learn how to profit on those and you will be golden
3. When market stalls for few days ( low volume ) almost always it end up with some sharp action
4. Price always recover, people say so a lot, but really it seems that things work this way ( till now I was not able to sell a coin cheaper than I bought. Simply I waited for things to sort out, and here you are I am waiting right now for some of my profit to mature
5. Panic periods are swift so it is quite easy to hold your coins but when price stall low on small volume after a crash or is slowly dropping those periods are really depressing
6. No matter what if price rises more than 30 % in one day during rally secure some of your profits
7. Keep track of volume I think in this market this is essential
8. Bitcoin is not only speculation but also culture ( fundamentals, community some kind of world view ) Beside pure financial profit I feel kind of proud that I am member of community I hope to involve more at some point.
china will push bitcoins to $0 or possible negatives
western markets to bottom at single digits (hopefully)
my ladder is
$11
$7
$3
$.55
$.15
$.02
western markets to bottom at single digits (hopefully)
my ladder is
$11
$7
$3
$.55
$.15
$.02
dollar cost avg
this is what all the pros are doing atm
no one knows where bottom with be ( 600$ ) but we all know its coming, and SOON!
this is what all the pros are doing atm
no one knows where bottom with be ( 600$ ) but we all know its coming, and SOON!
sell sell sell
SELL SELL SELL
SELL SELL SELL
The price will most likely continue to go down for a little while now, but how much and for how long is hard to say. $450 and $570 are important levels on MtGox ($380 and $540 on Bitstamp). I am placing my buy orders between $540 and $700 on Bitstamp, but I have an optimistic bullish bias and have already secured a pretty nice profit so YMMV. 
add volume from all exchanges from recent month look at a average price.
Yes I know "those are the same coins just changing hands many times" , I know the argument and I don't buy it
Are you even old enough to trade?
90% or more were bot trades. There was only a small amount of new money.
That depends on a lot of stuff.
Buy how much?
Are you rich and can afford to lose a substantial portion of it?
What is your overall strategy, ie, are you looking to actively trade it or buy and hold?
Realistically it's impossible for anyone to tell you what's going to happen in terms of whether or not right now is a good time to buy. Trading this market, or any market, involves risk. It's also a shark tank where experienced investors are playing who will eat your ass for lunch if you don't know what you're doing.
If you don't have experience, be careful. Buy a small amount to hold your interest on the market and watch it's action, or paper trade it, although that bored the hell out of me when I tried it with commodities.
Get some books on chart-reading. They'll help you sleep if nothing else and will help you recognize patterns other traders are seeing and acting on. However, a major news event will trump a chart pattern and send the market running in a new direction; so it is a combination of building a base of fundamental market knowledge/understanding, keeping yourself up on what's happening and not over-leveraging yourself that is the best advice I can give.
Get some books and learn how all of this works. Not just with bitcoin, but with trading in general. It's a slower path, but you'll have some idea of what you're doing and it's knowledge that you can use over the course of your lifetime.
Don't go nuts and push your life savings into the pot, unless you're simply convinced this is the right thing. Even then any sane person would tell you to diversify somewhat......
Buy how much?
Are you rich and can afford to lose a substantial portion of it?
What is your overall strategy, ie, are you looking to actively trade it or buy and hold?
Realistically it's impossible for anyone to tell you what's going to happen in terms of whether or not right now is a good time to buy. Trading this market, or any market, involves risk. It's also a shark tank where experienced investors are playing who will eat your ass for lunch if you don't know what you're doing.
If you don't have experience, be careful. Buy a small amount to hold your interest on the market and watch it's action, or paper trade it, although that bored the hell out of me when I tried it with commodities.
Get some books on chart-reading. They'll help you sleep if nothing else and will help you recognize patterns other traders are seeing and acting on. However, a major news event will trump a chart pattern and send the market running in a new direction; so it is a combination of building a base of fundamental market knowledge/understanding, keeping yourself up on what's happening and not over-leveraging yourself that is the best advice I can give.
Get some books and learn how all of this works. Not just with bitcoin, but with trading in general. It's a slower path, but you'll have some idea of what you're doing and it's knowledge that you can use over the course of your lifetime.
Don't go nuts and push your life savings into the pot, unless you're simply convinced this is the right thing. Even then any sane person would tell you to diversify somewhat......
if its really goes to 300$ please put me all on ignore, because it means am insane.
busy leaving in parallel world where if somebody buys 5 mil( or more ) coins with average price 780 it establishes new floor almost unbreakable one.
Believing that volume its all what matters in this market
Who has bought 5 million coins at $780?
Yes I know "those are the same coins just changing hands many times" , I know the argument and I don't buy it
What if the vast majority of those coins were bought with the intention of cashing out at much higher prices, only for price pressure now pushing below those levels? What if much of the buying power was actually leverage that must be repaid?
What then?
if its really goes to 300$ please put me all on ignore, because it means am insane.
busy leaving in parallel world where if somebody buys 5 mil( or more ) coins with average price 780 it establishes new floor almost unbreakable one.
Believing that volume its all what matters in this market
Who has bought 5 million coins at $780?
Yes I know "those are the same coins just changing hands many times" , I know the argument and I don't buy it
What if the vast majority of those coins were bought with the intention of cashing out at much higher prices, only for price pressure now pushing below those levels? What if much of the buying power was actually leverage that must be repaid?
What then?
if its really goes to 300$ please put me all on ignore, because it means am insane.
busy leaving in parallel world where if somebody buys 5 mil( or more ) coins with average price 780 it establishes new floor almost unbreakable one.
Believing that volume its all what matters in this market
Who has bought 5 million coins at $780?
Yes I know "those are the same coins just changing hands many times" , I know the argument and I don't buy it
With the recent mini dip in bitcoin, do I buy now or do I leave it?
Thank you
Thank you
My next buy in is at sub $600.....
.....but this sucker could eventually easily go down as low as $300.
Be aware of what you are playing with here.
Will it not!?
DAMN! It seemed to work so well last week as well!
Wait, I know what I did different last time, I posted my Bitstamp buy in tranches:
Order type Date and time BTC amount Bitcoin price Order value
Buy Dec. 15, 2013, 2:01 p.m. 3.50000000 $610.00 $2,135.00
Buy Dec. 15, 2013, 2 p.m. 5.00000000 $580.00 $2,900.00
Buy Dec. 13, 2013, 5:30 p.m. 9.00000000 $550.00 $4,950.00
Buy Dec. 11, 2013, 6:24 p.m. 6.00000000 $500.00 $3,000.00
Buy Dec. 11, 2013, 6:24 p.m. 6.00000000 $480.00 $2,880.00
Buy Dec. 11, 2013, 6:25 p.m. 4.50000000 $440.00 $1,980.00
NB* The above buy plan is in state of constant flux.
There! That should do it! Now to sit back and wait on yet more easy profits!
if its really goes to 300$ please put me all on ignore, because it means am insane.
busy leaving in parallel world where if somebody buys 5 mil( or more ) coins with average price 780 it establishes new floor almost unbreakable one.
Believing that volume its all what matters in this market
Who has bought 5 million coins at $780?
You buy when the price is lower than what you think the discounted future value of bitcoin is.
Or, like most here in spec, you can be a "trader" and delude yourself into thinking that you're better at timing than all the other weak-minded reactionary thinkers who are deluding themselves into thinking they are better at timing...
Or, like most here in spec, you can be a "trader" and delude yourself into thinking that you're better at timing than all the other weak-minded reactionary thinkers who are deluding themselves into thinking they are better at timing...
With the recent mini dip in bitcoin, do I buy now or do I leave it?
Thank you
Thank you
My next buy in is at sub $600.....
.....but this sucker could eventually easily go down as low as $300.
Be aware of what you are playing with here.
busy leaving in parallel world where if somebody buys 5 mil( or more ) coins with average price 780 it establishes new floor almost unbreakable one.
Believing that volume its all what matters in this market
You will find just as many people telling you to buy that tell you not to buy. You better research the market for yourself so you don't have to blame some random person on the internet for giving you bad advice.
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