I wouldn't buy until after Gox unfreezes withdrawals.
They don't have the same power over Bitcoin they used to, but them going belly up could still create a 50%+ crash IMHO.
Topic: Good time to buy BTC? - page 2. (Read 3720 times)
I'm buying a bit @ 100.. keep most of my fiat in case it drop further,, orders set up like : buy @ 99, 91, 85, 79, 75, 71..
If it does not drop that low within a few month.. I'll buy for 10k at market price !
Just my humble tought !
If it does not drop that low within a few month.. I'll buy for 10k at market price !
Just my humble tought !
Check your facts people: China'a average monthly salary, depending on he province, ranges from $730 in Beijing to about half that in Gansu. But averages are not relevant here. The country has lifted over 400 million people out of poverty in the last 30 years, and there is a big new middle class now with purchasing power. In addition, super rich business leaders and the economic elite -- largely children of the political elite -- number in the thousands.
There's also plenty of potential for mining on a large scale -- with lots of kids in bedrooms turning small hashin power to work on a large scale.
But finally -- he real reason bitcoin is likely to take off there is that the Chinese government doesn't allow Chinese to move their money abroad. Bitcoin is a release of this restriction. Once Chinese bitcoin trading sites take off properly -- you can be pretty sure there will be another price explosion.
There's also plenty of potential for mining on a large scale -- with lots of kids in bedrooms turning small hashin power to work on a large scale.
But finally -- he real reason bitcoin is likely to take off there is that the Chinese government doesn't allow Chinese to move their money abroad. Bitcoin is a release of this restriction. Once Chinese bitcoin trading sites take off properly -- you can be pretty sure there will be another price explosion.
buyers coming in or maybe 1 buyer cheap coins 
And I hear they have a number of billionaires.
China: Once the Chinese get on board in large numbers -- the price will be unstoppable.
I don't understand why people think this. The average hourly wage in China is about $2 an hour. How will they ever manage to find any money to buy bitcoins when one bitcoin is 50 hours of work?
China has over a million millionaires.
Maybe.
China: Once the Chinese get on board in large numbers -- the price will be unstoppable.
I don't understand why people think this. The average hourly wage in China is about $2 an hour. How will they ever manage to find any money to buy bitcoins when one bitcoin is 50 hours of work?
While the average wage might only be $2, China commands a population of 1.3 billion people. That's an astounding number and def. commands significant buying power.
Me, like bitcoin, but I have no much money to love them.
Exactly. And for the guys making $2/hr, this will just be all the more relevant.
All those guys who work for $2/hr are probably working to fill those container ships. We should be thinking about how to pitch Bitcoin to their bosses. China: Once the Chinese get on board in large numbers -- the price will be unstoppable.
I don't understand why people think this. The average hourly wage in China is about $2 an hour. How will they ever manage to find any money to buy bitcoins when one bitcoin is 50 hours of work?
While the average wage might only be $2, China commands a population of 1.3 billion people. That's an astounding number and def. commands significant buying power.
When the choice is between bitcoin or food for your family, the vast majority of those 1.3 billion people are probably going to choose the food.
Since when does price matter regarding bitcoin's utility? Other than a high price attracting more investment/innovation
Higher market depth comes more easily with a higher price, and greater depth opens up Bitcoin for entirely new use cases.If there was enough depth on the exchanges to buy multiple $10s of millions without affecting the price very much then international shipping companies could use Bitcoin to settle payments instead of letters of credit.
Basically each order of magnitude increase in price opens up new opportunities where Bitcoin usage becomes a viable option where previously it was not viable.
Exactly. And for the guys making $2/hr, this will just be all the more relevant.
Since when does price matter regarding bitcoin's utility? Other than a high price attracting more investment/innovation
Higher market depth comes more easily with a higher price, and greater depth opens up Bitcoin for entirely new use cases.If there was enough depth on the exchanges to buy multiple $10s of millions without affecting the price very much then international shipping companies could use Bitcoin to settle payments instead of letters of credit.
Basically each order of magnitude increase in price opens up new opportunities where Bitcoin usage becomes a viable option where previously it was not viable.
China: Once the Chinese get on board in large numbers -- the price will be unstoppable.
I don't understand why people think this. The average hourly wage in China is about $2 an hour. How will they ever manage to find any money to buy bitcoins when one bitcoin is 50 hours of work?
Since when does price matter regarding bitcoin's utility? Other than a high price attracting more investment/innovation
China: Once the Chinese get on board in large numbers -- the price will be unstoppable.
I don't understand why people think this. The average hourly wage in China is about $2 an hour. How will they ever manage to find any money to buy bitcoins when one bitcoin is 50 hours of work?
While the average wage might only be $2, China commands a population of 1.3 billion people. That's an astounding number and def. commands significant buying power.
China: Once the Chinese get on board in large numbers -- the price will be unstoppable.
I don't understand why people think this. The average hourly wage in China is about $2 an hour. How will they ever manage to find any money to buy bitcoins when one bitcoin is 50 hours of work?
It's always a good time to buy. You should get as many as you can before the price skyrockets.
Unless of course the price is about to plummet, then it is not a good time to buy.
haha!
It's always a good time to buy. You should get as many as you can before the price skyrockets.
Unless of course the price is about to plummet, then it is not a good time to buy.
It's always a good time to buy. You should get as many as you can before the price skyrockets.
In recent history it is an excellent time to buy Bitcoins. If I have the money I will buy 5 Bitcoins when it dips down like this ($97) today. I would buy 50 Bitcoins and then sell them when it reaches $130 for a 30% profit. But it could drop to $40 instead and I wouldn't have any money left to buy more at a lower price.
Depends on what you want to do.
Depends on what you want to do.
Is this a post just to increase activity?
Please post in the speculation forum.
Please post in the speculation forum.
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