Don't miss the train! | Bitcointalksearch.org

Bitcopia

hero member

Activity: 715

Merit: 500

Quote from: notme on February 12, 2013, 02:45:27 PM

Quote from: goldlyre on February 12, 2013, 07:52:45 AM

Never ever miss the bitcoin train. Buy & hold Bitcoin is the best strategy.

Yep. Dollar cost average with each paycheck. Spend a few when you are sitting on enough profit that you start to feel uncomfortable.

Yes. And cost benefit ratio has been / willl be amazing. Spend away.

notme

legendary

Activity: 1904

Merit: 1002

Quote from: goldlyre on February 12, 2013, 07:52:45 AM

Never ever miss the bitcoin train. Buy & hold Bitcoin is the best strategy.

Yep. Dollar cost average with each paycheck. Spend a few when you are sitting on enough profit that you start to feel uncomfortable.

goldlyre

hero member

Activity: 1101

Merit: 512

Never ever miss the bitcoin train. Buy & hold Bitcoin is the best strategy.

goldlyre

hero member

Activity: 1101

Merit: 512

xxjs

sr. member

Activity: 280

Merit: 250

Quote from: goldlyre on January 28, 2013, 09:33:11 PM

Quote from: goldlyre on January 21, 2013, 02:31:34 AM

Don't miss the train! The next stop shall be in $20 range. Grin

Temporary stop is over. Here we go!

Lesson learned: If there are 1000 BTC for sale at 18.77 and 1000 BTC demand at 18.70, it takes only a 0.07 USD change of mind for either side to close.

goldlyre

hero member

Activity: 1101

Merit: 512

Quote from: goldlyre on January 21, 2013, 02:31:34 AM

Don't miss the train! The next stop shall be in $20 range. Grin

Temporary stop is over. Here we go!

n8rwJeTt8TrrLKPa55eU

hero member

Activity: 588

Merit: 500

Quote from: runeks on January 23, 2013, 01:20:13 PM

Quote from: Walter Rothbard on January 21, 2013, 11:35:12 AM

I was reading someone last night who was asserting that "copper is the new silver."

He couldn't have been serious. Copper is at 27 cents per troy ounce now. That's 100 times less than silver. How on earth can you substitute one low-density monetary metal for another that has 100th the value per weight unit? To pay for $20 of groceries you'd need 5 pounds of copper at current prices.

Yeah, copper is not a viable monetary substitute for silver. Nickel has a better chance of becoming useful as a low-denomination hard metal hedge:

http://www.cnbc.com/id/44788851/Kyle_Bass039s_Nickel_Collection

ArticMine

legendary

Activity: 2282

Merit: 1050

Monero Core Team

Quote from: cypherdoc on January 21, 2013, 12:37:54 PM

riding the bull to its fullest extent is one of the hardest things to do in markets.

+1

runeks

legendary

Activity: 980

Merit: 1008

Quote from: Walter Rothbard on January 21, 2013, 11:35:12 AM

Quote from: solex on January 21, 2013, 02:45:10 AM

Absolutely.

I am still reading about the gold-bugs, Austrian economists, and hard money enthusiasts debating about which is better for 2013: gold or silver?

Meanwhile, bitcoin is road-rollering both those relics into the dust...

[...]
I was reading someone last night who was asserting that "copper is the new silver."

He couldn't have been serious. Copper is at 27 cents per troy ounce now. That's 100 times less than silver. How on earth can you substitute one low-density monetary metal for another that has 100th the value per weight unit? To pay for $20 of groceries you'd need 5 pounds of copper at current prices.

That being said, I think Bitcoin will slowly take over silver's role as the money with marketability in the small (lowest bid/ask spread for low value transactions), while gold will remain the money used for marketability in the large (large market depth).

DobZombie

hero member

Activity: 896

Merit: 532

Former curator of The Bitcoin Museum

Quote from: notme on January 22, 2013, 07:33:40 PM

Quote from: Bitcopia on January 22, 2013, 07:21:45 PM

Quote from: Atruk on January 22, 2013, 06:55:38 PM

Quote from: DobZombie on January 22, 2013, 12:18:37 PM

Once this hits $18.50 I'm selling BTC100.

Then it'll very quickly panic and drop down to $8.50.

I'll then buy BTC217.

Then in October it'll be back $18.50

*Fingers Crossed*

I don't think BTC100 is enough to start a panic considering BTC12,000 dumps don't really phase MtGox anymore.

A quick glance at the depth chart will give you an idea of how many you need to sell to start a panic. Roughly 3500BTC willl drop us to $17... about 15000BTC will take us to $16.50. I guess the question is, where is the threshold? 100 BTC isn't going to do much.

I don't think DobZombie meant that selling his BTC100 would cause the panic.

Spot on not me

I meant to say that shortly after I sell off my bitcoins, everyone will panic (as they ALWAYS do)

notme

legendary

Activity: 1904

Merit: 1002

Quote from: Bitcopia on January 22, 2013, 07:21:45 PM

Quote from: Atruk on January 22, 2013, 06:55:38 PM

Quote from: DobZombie on January 22, 2013, 12:18:37 PM

Once this hits $18.50 I'm selling BTC100.

Then it'll very quickly panic and drop down to $8.50.

I'll then buy BTC217.

Then in October it'll be back $18.50

*Fingers Crossed*

I don't think BTC100 is enough to start a panic considering BTC12,000 dumps don't really phase MtGox anymore.

A quick glance at the depth chart will give you an idea of how many you need to sell to start a panic. Roughly 3500BTC willl drop us to $17... about 15000BTC will take us to $16.50. I guess the question is, where is the threshold? 100 BTC isn't going to do much.

I don't think DobZombie meant that selling his BTC100 would cause the panic.

Bitcopia

hero member

Activity: 715

Merit: 500

Quote from: Atruk on January 22, 2013, 06:55:38 PM

Quote from: DobZombie on January 22, 2013, 12:18:37 PM

Once this hits $18.50 I'm selling BTC100.

Then it'll very quickly panic and drop down to $8.50.

I'll then buy BTC217.

Then in October it'll be back $18.50

*Fingers Crossed*

I don't think BTC100 is enough to start a panic considering BTC12,000 dumps don't really phase MtGox anymore.

A quick glance at the depth chart will give you an idea of how many you need to sell to start a panic. Roughly 3500BTC willl drop us to $17... about 15000BTC will take us to $16.50. I guess the question is, where is the threshold? 100 BTC isn't going to do much.

goldlyre

hero member

Activity: 1101

Merit: 512

It's like the topic of a Chinese novel "The Besieged City" - the people inside the walls wanted to go out of it while the much more crowds outside were too eagerly going inside. The problem of Bitcoins is that ...

Atruk

hero member

Activity: 700

Merit: 500

Quote from: DobZombie on January 22, 2013, 12:18:37 PM

Once this hits $18.50 I'm selling BTC100.

Then it'll very quickly panic and drop down to $8.50.

I'll then buy BTC217.

Then in October it'll be back $18.50

*Fingers Crossed*

I don't think BTC100 is enough to start a panic considering BTC12,000 dumps don't really phase MtGox anymore.

TraderTimm

legendary

Activity: 2408

Merit: 1121

Quote from: ElectricMucus on January 21, 2013, 03:19:03 AM

I don't see it.

Yeah, you're right - we didn't see that CRASH you called for this past weekend (Jan 19th-20th). You meant CRASH UP, right?

Oh the hilarity...

DobZombie

hero member

Activity: 896

Merit: 532

Former curator of The Bitcoin Museum

Once this hits $18.50 I'm selling BTC100.

Then it'll very quickly panic and drop down to $8.50.

I'll then buy BTC217.

Then in October it'll be back $18.50

*Fingers Crossed*

bitcon

legendary

Activity: 2212

Merit: 1008

i cant wait for another hack/crash to do this all over again..

Comodore

full member

Activity: 159

Merit: 100

This time I see almost no walls. Most of the walls are fake walls. We are in mania phase. For sure!

goldlyre

hero member

Activity: 1101

Merit: 512

In my observation, Bitcoin is really a gigantic roller coaster that often goes on a continuous one-sided market route: in the past history, it went up all the way from $1 to $31, and down from $31 to $2. Now is the second round from $2 to a unpredictable height. What a run!

RyNinDaCleM

legendary

Activity: 2408

Merit: 1009