How long to break through 150 - page 2.

massivebitman

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Activity: 224

Merit: 100

Quote from: Hawker on April 24, 2013, 03:55:28 AM

Quote from: Rampion on April 24, 2013, 03:32:10 AM

Quote from: Hawker on April 23, 2013, 11:25:01 AM

I'm mystified as to how the value of bitcoin fluctuates so wildly. We know there is a strong underlying case for Bitcoin in certain markets so it will always have use. We know that prices will shoot up when we get to 21 million as the supply will have disappeared. At that point I expect a stable price and will probably unload my investment. What baffles me is how it can increase and decrease in multitudes of its own price several times a month.

You have 2800 posts and know nothing about bitcoin?

When we get to 21 million you will be dead, so if you wait to "unload your investment" by then you will be the richest in the cemetery. We will get to 21 million in 2140.

Actually I am holding out for cloning to keep me on life support until the ability to upload myself to the cloud and live forever as part of the Singularity.

Tongue

Money won't be of much use once we reach the singularity.

massivebitman

full member

Activity: 224

Merit: 100

Quote from: Rampion on April 24, 2013, 03:32:10 AM

Quote from: Hawker on April 23, 2013, 11:25:01 AM

I'm mystified as to how the value of bitcoin fluctuates so wildly. We know there is a strong underlying case for Bitcoin in certain markets so it will always have use. We know that prices will shoot up when we get to 21 million as the supply will have disappeared. At that point I expect a stable price and will probably unload my investment. What baffles me is how it can increase and decrease in multitudes of its own price several times a month.

You have 2800 posts and know nothing about bitcoin?

When we get to 21 million you will be dead, so if you wait to "unload your investment" by then you will be the richest in the cemetery. We will get to 21 million in 2140.

I might unload then too.. I plan on living forever!

Hawker

legendary

Activity: 1218

Merit: 1001

Quote from: Rampion on April 24, 2013, 03:32:10 AM

Quote from: Hawker on April 23, 2013, 11:25:01 AM

I'm mystified as to how the value of bitcoin fluctuates so wildly. We know there is a strong underlying case for Bitcoin in certain markets so it will always have use. We know that prices will shoot up when we get to 21 million as the supply will have disappeared. At that point I expect a stable price and will probably unload my investment. What baffles me is how it can increase and decrease in multitudes of its own price several times a month.

You have 2800 posts and know nothing about bitcoin?

When we get to 21 million you will be dead, so if you wait to "unload your investment" by then you will be the richest in the cemetery. We will get to 21 million in 2140.

Actually I am holding out for cloning to keep me on life support until the ability to upload myself to the cloud and live forever as part of the Singularity.

Tongue

Zaih

hero member

Activity: 504

Merit: 500

Pretty soon I guess.

Bloody Bitcoins. Just can't stay still can they Roll Eyes

Rampion

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Activity: 1148

Merit: 1018

Quote from: Hawker on April 23, 2013, 11:25:01 AM

I'm mystified as to how the value of bitcoin fluctuates so wildly. We know there is a strong underlying case for Bitcoin in certain markets so it will always have use. We know that prices will shoot up when we get to 21 million as the supply will have disappeared. At that point I expect a stable price and will probably unload my investment. What baffles me is how it can increase and decrease in multitudes of its own price several times a month.

You have 2800 posts and know nothing about bitcoin?

When we get to 21 million you will be dead, so if you wait to "unload your investment" by then you will be the richest in the cemetery. We will get to 21 million in 2140.

Le Happy Merchant

hero member

Activity: 634

Merit: 500

Quote from: jubalix on April 23, 2013, 09:59:08 PM

did i hear right he think 1000, to 20/30K....in a year???

No, but it sounded like that. In context it is clear he meant $20 to $30.

jubalix

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Activity: 2632

Merit: 1023

did i hear right he think 1000, to 20/30K....in a year???

bitcon

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Quote from: UltimateReaper on April 23, 2013, 12:44:30 PM

Quote from: XXthetimeisnowXX on April 23, 2013, 12:23:19 PM

Quote from: UltimateReaper on April 23, 2013, 12:12:35 PM

I'm still a total noob, but greed often leads to loss. I'm going to cash out at a nice chunk of gain for now. Not waiting for 150, or 200, 2000, 5000 Tongue

Buy low, sell high. It can't be more complicated than that. When others are greedy be fearful, when others are fearful, be greedy.

and when it does go to 200 or 2000 you wll be doing the math every day that it goes up and saying damnit damnit damnit. i lost xxxxx.xx amount of money. haha that to funny when you see it top 1,000 you are going to probably throw your cat across the room. Cheesy

I wish I had a cat. No. I'm watching market. Everyday. I've already learned some lessons. By cashing out at a profit now, I'm looking at a roughly 75% return. Not bad for a complete amateur. I'm in this for the long run, and I'm looking for annual return rates of at least 10%. This is reasonable, and as my investment amount increases, so does that annual 10%. Greed is the bane of loss. If I see the market growing sustainably to 1000. I'll reinvest at higher prices, but for now it's far too early tell. Especially with the dramatic increases.

good to see somone who will be willing to buy $1000 bitcoins.

superduh

hero member

Activity: 602

Merit: 500

by the weekend

arepo

sr. member

Activity: 448

Merit: 250

this statement is false

Quote from: Qoheleth on April 23, 2013, 01:38:18 PM

My read is that if it doesn't happen in the next week, it'll be at least a month. But then, I've never been very good at this game.

+1

we've got a beautiful bullish triangle formation right now though, so i'm leaning towards 'within a week' Cool

Qoheleth

legendary

Activity: 960

Merit: 1028

Spurn wild goose chases. Seek that which endures.

My read is that if it doesn't happen in the next week, it won't happen in the next month either. But then, I've never been very good at this game.

Quote from: massivebitman on April 23, 2013, 10:05:42 AM

I reckon that wall will come down too..

It's such a flat run up if it does. We saw 130 collapse in a matter of minutes, that relatively speaking was a similar height

When walls were knocked down on the way up to $230, new ones were generally put up right away. No reason to think it won't be the same this time.

UltimateReaper

newbie

Activity: 56

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Quote from: Miz4r on April 23, 2013, 12:47:11 PM

Quote from: UltimateReaper on April 23, 2013, 12:12:35 PM

I'm still a total noob, but greed often leads to loss. I'm going to cash out at a nice chunk of gain for now. Not waiting for 150, or 200, 2000, 5000 Tongue

Buy low, sell high. It can't be more complicated than that. When others are greedy be fearful, when others are fearful, be greedy.

Isn't selling an indication of greed? If you hold without thinking about selling any time soon then that means you have confidence in bitcoin and you don't worry about short term losses or gains. In other words, you aren't greedy nor fearful.

Well, it can go both ways right? By holding and hoping for larger and larger gains that can be considered greedy. In retrospect, earning gains can also be a sign of confidence. Ergo, this isn't cash in and cash out for me, it's continuous returns over a long long period of time. Right now I'm attempting annual returns of 10-30% per month. Not 4058873% per week.

I believe in bitcoin. I'm in this for the long run, but in order to truly rally for my belief I need more fiat, and the only way to do that is to increase my supply so I can invest more. By selling now I insure this. I'll hold onto a little of course, but this is my philosophy for now.

Miz4r

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Merit: 1000

Quote from: UltimateReaper on April 23, 2013, 12:12:35 PM

I'm still a total noob, but greed often leads to loss. I'm going to cash out at a nice chunk of gain for now. Not waiting for 150, or 200, 2000, 5000 Tongue

Buy low, sell high. It can't be more complicated than that. When others are greedy be fearful, when others are fearful, be greedy.

Isn't selling an indication of greed? If you hold without thinking about selling any time soon then that means you have confidence in bitcoin and you don't worry about short term losses or gains. In other words, you aren't greedy nor fearful.

UltimateReaper

newbie

Activity: 56

Merit: 0

Quote from: XXthetimeisnowXX on April 23, 2013, 12:23:19 PM

Quote from: UltimateReaper on April 23, 2013, 12:12:35 PM

I'm still a total noob, but greed often leads to loss. I'm going to cash out at a nice chunk of gain for now. Not waiting for 150, or 200, 2000, 5000 Tongue

Buy low, sell high. It can't be more complicated than that. When others are greedy be fearful, when others are fearful, be greedy.

and when it does go to 200 or 2000 you wll be doing the math every day that it goes up and saying damnit damnit damnit. i lost xxxxx.xx amount of money. haha that to funny when you see it top 1,000 you are going to probably throw your cat across the room. Cheesy

I wish I had a cat. No. I'm watching market. Everyday. I've already learned some lessons. By cashing out at a profit now, I'm looking at a roughly 75% return. Not bad for a complete amateur. I'm in this for the long run, and I'm looking for annual return rates of at least 10%. This is reasonable, and as my investment amount increases, so does that annual 10%. Greed is the bane of loss. If I see the market growing sustainably to 1000. I'll reinvest at higher prices, but for now it's far too early tell. Especially with the dramatic increases.

w00t

full member

Activity: 188

Merit: 108

Quote from: XXthetimeisnowXX on April 23, 2013, 12:23:19 PM

Quote from: UltimateReaper on April 23, 2013, 12:12:35 PM

I'm still a total noob, but greed often leads to loss. I'm going to cash out at a nice chunk of gain for now. Not waiting for 150, or 200, 2000, 5000 Tongue

Buy low, sell high. It can't be more complicated than that. When others are greedy be fearful, when others are fearful, be greedy.

and when it does go to 200 or 2000 you wll be doing the math every day that it goes up and saying damnit damnit damnit. i lost xxxxx.xx amount of money. haha that to funny when you see it top 1,000 you are going to probably throw your cat across the room. Cheesy

Yeah he might end up like this:
http://en.wikipedia.org/wiki/Roy_Raymond_%28businessman%29

awakening

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Activity: 196

Merit: 100

Quote from: notme on April 23, 2013, 12:27:21 PM

If he did sell out completely, that's unfortunate.

Yeah, It's a big mistake if you have faith into the bitcoins. I had to learn the hardway.. Grin

notme

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Activity: 1904

Merit: 1002

Quote from: XXthetimeisnowXX on April 23, 2013, 12:23:19 PM

Quote from: UltimateReaper on April 23, 2013, 12:12:35 PM

I'm still a total noob, but greed often leads to loss. I'm going to cash out at a nice chunk of gain for now. Not waiting for 150, or 200, 2000, 5000 Tongue

Buy low, sell high. It can't be more complicated than that. When others are greedy be fearful, when others are fearful, be greedy.

and when it does go to 200 or 2000 you wll be doing the math every day that it goes up and saying damnit damnit damnit. i lost xxxxx.xx amount of money. haha that to funny when you see it top 1,000 you are going to probably throw your cat across the room. Cheesy

I don't think he sold out... just took some profits:

Quote

I'm going to cash out at a nice chunk of gain

Nothing wrong with lowering your exposure when your bitcoins become more valuable than anything else you own Tongue

.

If he did sell out completely, that's unfortunate.

w00t

full member

Activity: 188

Merit: 108

Quote from: bonker on April 23, 2013, 12:16:00 PM

Within two weeks. Peoples brains are slow to realize how physically useful BTC will be.

BTC is presently early stage insanely undervalued. $1000 = 1BTC this year.

This ^

I guess we will get at 1 BTC per 150 USD on 4th May 2013

Or maybe sooner

based on the Reuters video above.

XXthetimeisnowXX

sr. member

Activity: 252

Merit: 250

a wolf in sheeps clothing. suckerfish

Quote from: UltimateReaper on April 23, 2013, 12:12:35 PM

I'm still a total noob, but greed often leads to loss. I'm going to cash out at a nice chunk of gain for now. Not waiting for 150, or 200, 2000, 5000 Tongue

Buy low, sell high. It can't be more complicated than that. When others are greedy be fearful, when others are fearful, be greedy.

and when it does go to 200 or 2000 you wll be doing the math every day that it goes up and saying damnit damnit damnit. i lost xxxxx.xx amount of money. haha that to funny when you see it top 1,000 you are going to probably throw your cat across the room. Cheesy

bonker

hero member

Activity: 784

Merit: 502

Within two weeks. Peoples brains are slow to realize how physically useful BTC will be.

BTC is presently early stage insanely undervalued. $1000 = 1BTC this year.

Topic: How long to break through 150 - page 2. (Read 4256 times)