Is bitcoin a buy at these levels? - page 2.

jonald_fyookball

legendary

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Merit: 1008

Core dev leaves me neg feedback #abuse #political

Quote from: eiskalt on April 09, 2014, 05:20:09 PM

Quote from: Stratobitz on April 08, 2014, 11:31:17 PM

In terms of buying at current prices in the 450s with USD through Coinbase. Thoughts?

As far as chart history could be used as an indicator, a downcross of the 1d SMA 50/200 does not imply a good buying opportunity.

Of course it could bounce back shortly to the lower $500s, but price within the next 2-3 months will most likely continue to decline.

MA crossovers are pretty crude TA... not really that useful even in a highly technical and liquid market such as forex.
...and even less applicable in the Bitcoin market.

hodlmybtc

hero member

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I'm buying and holding, will buy more if the price drops below $400

eiskalt

sr. member

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Merit: 250

Quote from: Stratobitz on April 08, 2014, 11:31:17 PM

In terms of buying at current prices in the 450s with USD through Coinbase. Thoughts?

As far as chart history could be used as an indicator, a downcross of the 1d SMA 50/200 does not imply a good buying opportunity.

Of course it could bounce back shortly to the lower $500s, but price within the next 2-3 months will most likely continue to decline.

Asrael999

hero member

Activity: 703

Merit: 502

One of the hedge fund managers on one of the panels at the inside bitcoin conference in New York described Bitcoin at the moment as akin to an option with no expiry date. (standard financial option contracts have an expiry/maturity date)

that is you pay an upfront premium with a known downside (circa $450 at the moment) for a potential 10+ times payout.

You can decide if its a cheap enough option, but its definitely one worth holding in my opinion.

koryu

hero member

Activity: 681

Merit: 507

i follow three simple rules:

only spend money you dont need for something else in the near future
only buy when you think the price is adequate (decide on your own)
don't be greedy

mintodev

newbie

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Quote from: ShroomsKit on April 09, 2014, 02:48:21 AM

Quote from: mintodev on April 09, 2014, 02:43:11 AM

Quote from: ShroomsKit on April 09, 2014, 02:34:41 AM

Quote from: Bit_Happy on April 08, 2014, 11:39:06 PM

Yes.
The price will be higher in the future.
If it goes down? ....... Buy more.

Amazing that you know this! Are you from the future or do you simply have a crystal ball?

Haha, if he knows future, he would not post here, rather he will buy it and wait

I bet he's selling his house and getting a big ass loan as we speak. Since he knows where the price will go he will be a billionaire in no time.

You are right

ShroomsKit

hero member

Activity: 672

Merit: 500

Quote from: mintodev on April 09, 2014, 02:43:11 AM

Quote from: ShroomsKit on April 09, 2014, 02:34:41 AM

Quote from: Bit_Happy on April 08, 2014, 11:39:06 PM

Yes.
The price will be higher in the future.
If it goes down? ....... Buy more.

Amazing that you know this! Are you from the future or do you simply have a crystal ball?

Haha, if he knows future, he would not post here, rather he will buy it and wait

I bet he's selling his house and getting a big ass loan as we speak. Since he knows where the price will go he will be a billionaire in no time.

mintodev

newbie

Activity: 56

Merit: 0

Quote from: ShroomsKit on April 09, 2014, 02:34:41 AM

Quote from: Bit_Happy on April 08, 2014, 11:39:06 PM

Yes.
The price will be higher in the future.
If it goes down? ....... Buy more.

Amazing that you know this! Are you from the future or do you simply have a crystal ball?

Haha, if he knows future, he would not post here, rather he will buy it and wait

ShroomsKit

hero member

Activity: 672

Merit: 500

Quote from: Bit_Happy on April 08, 2014, 11:39:06 PM

Yes.
The price will be higher in the future.
If it goes down? ....... Buy more.

Amazing that you know this! Are you from the future or do you simply have a crystal ball?

Shak

full member

Activity: 134

Merit: 100

if bitcoin is going to be adapted, every price below 1000$ will be a good buy. so long term, i can advise on buying right now (have also bought some more on monday).

medium term... who knows, it could go lower, sure... in this case i'll buy some more, as i said above, as long as it is below 1000$. a few hundred bucks every end of the month.

short term... well, this sword of damocles (15th) is surely dangling above our heads, but the price should already reflect this uncertainty. if china goes down the western exchanges will have a dip but recover within a few days (sheep selling), if china stays in somehow (again) the price will rise somewhat to 550 (my crystal ball perk - aquired after passing through two years of fud)

DhaniBoy

sr. member

Activity: 280

Merit: 250

i am waiting 15 april
hope BTC price will down and buy some BTC again
sold all of my BTC at $700 last month

RomertL

sr. member

Activity: 470

Merit: 250

Bought a few coins recently. If you have cash you don't need for a couple of month, buy Bitcoin. Could probably go below 400 after 15 April due to the China ban rumor if it turn out to be true... Or up if nothing happens. Either way it will go up longer term.

Zimbabwecoin

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