Getting my coins at coinbase because they are only $103 there!

ilovedragons

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Quote from: naphto on July 04, 2013, 07:28:07 AM

That's not the same. It is always easier at the beginning.
When the price was 100 - 100 USD, a lot of people wanted to sell, and the price went down.

But now, at 80 USD there is a lot of people that believe in bitcoin for whatsoever reasons and are willing to buy every bitcoins @60-80 USD, so the price will not probably go lower.

The same could have been said about BTC @ $100 though. I can't count how many times I read "cheap BTC" and "buying opportunity" every time the price dipped below $100 these past few weeks. Will there be some resistance to going as low as $60? Sure, but will that resistance break like it did for $100? Only time will tell. People are scared right now, and despite good news bearish indicators continue to pile up.

I myself tried to buy 10 BTC on Coinbase last night but apparently I have to wait for my test buy of 0.2 BTC @ ~$93 to clear on Monday. D'oh. Hopefully prices are flat until then.

gollygosh

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try BTCE -

ag@th0s

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Quote from: naphto on July 04, 2013, 06:59:15 AM

Quote from: ag@th0s on July 04, 2013, 06:51:30 AM

Bought at $71 last night and sold at $77. Be very careful buying in just now and follow the speculation thread unless you want to get locked in. I'll be surprised if we don't see $50 in the next week.

50 usd by next week? I don't think it will go that low so quickly...

Certainly you could be right - but not very long ago people were saying it would never drop to $90. The TA I've read suggests that $50 is the next level of support. The only reason I'm posting here is because I don't want noobs to get hosed. Definitely, get your money into an exchange - definitely read the speculation threads if you're going to trade but understand that you're going to have to time your entry well if you don't want to lose value overnight.

fleabag

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Quote from: apollojmr on June 22, 2013, 09:01:18 AM

I have bought 10 coins in the last few days when they were $110 and above on MtGox because coinbase has a set price now of $103.

good job! and you thought you were getting a great deal then right? well there is a fire sale right now at about $78.

naphto

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That's not the same. It is always easier at the beginning.
When the price was 100 - 100 USD, a lot of people wanted to sell, and the price went down.

But now, at 80 USD there is a lot of people that believe in bitcoin for whatsoever reasons and are willing to buy every bitcoins @60-80 USD, so the price will not probably go lower.

hrrsn

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Quote from: naphto on July 04, 2013, 06:59:15 AM

Quote from: ag@th0s on July 04, 2013, 06:51:30 AM

Bought at $71 last night and sold at $77. Be very careful buying in just now and follow the speculation thread unless you want to get locked in. I'll be surprised if we don't see $50 in the next week.

50 usd by next week? I don't think it will go that low so quickly...

Quote from: mprep on June 23, 2013, 03:28:57 PM

Quote from: ag@th0s on June 23, 2013, 02:48:26 PM

Now isn't a good time to be buying coins - get your fiat into an exchange and wait for $90 or below.

It might take a long time.

naphto

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Quote from: ag@th0s on July 04, 2013, 06:51:30 AM

Bought at $71 last night and sold at $77. Be very careful buying in just now and follow the speculation thread unless you want to get locked in. I'll be surprised if we don't see $50 in the next week.

50 usd by next week? I don't think it will go that low so quickly...

ag@th0s

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Bought at $71 last night and sold at $77. Be very careful buying in just now and follow the speculation thread unless you want to get locked in. I'll be surprised if we don't see $50 in the next week.

ag@th0s

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Well it's touching $90 on Bitstamp now and to be honest I doubt that I'll go back in until $80 unless I think I can catch a bounce. I'd suggest any other newbs have a good long read on the Speculation forum before committing themselves. Opinion - I guess Bearish opinion seems to be that if Gox stays below $100 for long the next level of support is $80 and if $80 falls it could go below $60. Interesting times

mprep

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In a world of peaches, don't ask for apple sauce

Quote from: ag@th0s on June 23, 2013, 02:48:26 PM

Now isn't a good time to be buying coins - get your fiat into an exchange and wait for $90 or below.

It might take a long time.

ag@th0s

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Now isn't a good time to be buying coins - get your fiat into an exchange and wait for $90 or below.

adub

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www.bitinstant.com is the best way to get fast BTC if they are available in your area of the world.

btceic

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♫ A wave came crashing like a fist to the jaw ♫

Quote from: madb on June 23, 2013, 01:49:14 PM

But doesnt it take a while for you to get the coins? as in several days?

Yes, you cannot buy bitcoins online as far as I know in less then 3-5 banking business days.

madb

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But doesnt it take a while for you to get the coins? as in several days?

adub

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Quote from: apollojmr on June 23, 2013, 12:22:02 PM

Quote from: adub on June 23, 2013, 12:20:37 PM

Quote from: apollojmr on June 23, 2013, 12:14:56 PM

Quote from: bitcoinrocks on June 23, 2013, 08:30:32 AM

Quote

Does that mean I can transfer my BTC from Coinbase to MtGox and sell from there instead?

I'm curious about this too. Wouldn't it be a simple matter to buy BTC at coinbase.com for $103, transfer them to mtgox.com, and sell them there for $107?

Day trading at its finest! Campbx and bitstamp also have different prices all of the time as well. The only thing that sucks is you need to be verified at all of these exchanges to in/out coins or USD. Good luck!

Any exchange that you'll want to do business with in the future will require verification. AML and KYC will become the standard soon and it's not a bad thing for Bitocoin as a whole IMO.

I have no issues with verifying, I just meant that it takes time to setup each exchange until you can trade coins between them and day trade to make money.

Oh right, if you're starting from scratch. good point.

adub

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Quote from: apollojmr on June 23, 2013, 12:20:43 PM

Quote from: adub on June 23, 2013, 12:18:18 PM

Quote from: mprep on June 23, 2013, 12:07:36 PM

Quote from: apollojmr on June 23, 2013, 12:04:04 PM

Quote from: Sacrilege on June 22, 2013, 01:04:57 PM

The only thing that sucks about coinbase is how long you have to wait.

Trust me I know! I sent a support ticket yesterday about it! I am now having to wait 7 days for mine.

But if the price is so low then it's worth the wait, right?

Not if the price drops to $99 between now and when you get your coins.

Once you purchase them your price is locked in. The wait time is for who knows what..?

I've bought from Coinbase and the coin delivery took as long as they said it would. I don't recall, 5 or 7 days or something. I just bought there to experiment and see what it's all about. It would be great if they could get that time down. I be people would even pay a fee for faster funding.

And just to clarify, yes we're on the same page. If you buy at 103 and while you're locked in, the price goes down, then it's not worth it. Coinbase is for super noobs or those who want one place where they can buy/sell bitcoin and transfer funds from their bank account in one click. I'm sure Coinbase is working on other funding options though.

apollojmr

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The Power Of The Coin Is Awesome!!

Quote from: adub on June 23, 2013, 12:20:37 PM

Quote from: apollojmr on June 23, 2013, 12:14:56 PM

Quote from: bitcoinrocks on June 23, 2013, 08:30:32 AM

Quote

Does that mean I can transfer my BTC from Coinbase to MtGox and sell from there instead?

I'm curious about this too. Wouldn't it be a simple matter to buy BTC at coinbase.com for $103, transfer them to mtgox.com, and sell them there for $107?

Day trading at its finest! Campbx and bitstamp also have different prices all of the time as well. The only thing that sucks is you need to be verified at all of these exchanges to in/out coins or USD. Good luck!

Any exchange that you'll want to do business with in the future will require verification. AML and KYC will become the standard soon and it's not a bad thing for Bitocoin as a whole IMO.

I have no issues with verifying, I just meant that it takes time to setup each exchange until you can trade coins between them and day trade to make money.

apollojmr

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The Power Of The Coin Is Awesome!!

Quote from: adub on June 23, 2013, 12:18:18 PM

Quote from: mprep on June 23, 2013, 12:07:36 PM

Quote from: apollojmr on June 23, 2013, 12:04:04 PM

Quote from: Sacrilege on June 22, 2013, 01:04:57 PM

The only thing that sucks about coinbase is how long you have to wait.

Trust me I know! I sent a support ticket yesterday about it! I am now having to wait 7 days for mine.

But if the price is so low then it's worth the wait, right?

Not if the price drops to $99 between now and when you get your coins.

Once you purchase them your price is locked in. The wait time is for who knows what..?

adub

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Quote from: apollojmr on June 23, 2013, 12:14:56 PM

Quote from: bitcoinrocks on June 23, 2013, 08:30:32 AM

Quote

Does that mean I can transfer my BTC from Coinbase to MtGox and sell from there instead?

I'm curious about this too. Wouldn't it be a simple matter to buy BTC at coinbase.com for $103, transfer them to mtgox.com, and sell them there for $107?

Day trading at its finest! Campbx and bitstamp also have different prices all of the time as well. The only thing that sucks is you need to be verified at all of these exchanges to in/out coins or USD. Good luck!

Any exchange that you'll want to do business with in the future will require verification. AML and KYC will become the standard soon and it's not a bad thing for Bitocoin as a whole IMO.

adub

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Changing avatars is currently not possible.

Quote from: mprep on June 23, 2013, 12:07:36 PM

Quote from: apollojmr on June 23, 2013, 12:04:04 PM

Quote from: Sacrilege on June 22, 2013, 01:04:57 PM

The only thing that sucks about coinbase is how long you have to wait.

Trust me I know! I sent a support ticket yesterday about it! I am now having to wait 7 days for mine.

But if the price is so low then it's worth the wait, right?

Not if the price drops to $99 between now and when you get your coins.

Topic: Getting my coins at coinbase because they are only $103 there! (Read 2251 times)