The best time to buy is after the price goes up a lot, not down, so I share your doubts.
Buy high, sell low.
Topic: Monday morning rally for real? - page 2. (Read 3735 times)
The talk on #bitcoin-otc is that bitcoins are a great buy now because droves of first-timers will be lining up on Monday morning to buy in.
I find myself in the doubter camp. To me, I can't think who would rationally want to jump in on Monday morning. Especially knowing that over 60% of the "value" of Bitcoins evaporated while no more than two percent of them moved. (as determined by Saturday volume divided by total circulation)
Then again, a lot of people want one or two of them just for fun - the same way I bought a few BitBills even though I have no imminent plans to spend them. They certainly have a future, and the P2P network itself is standing up well. And things would be a lot different if every joe citizen who wanted a couple bitcoins didn't have such a difficult time getting them.
So anyway, would you mind answering my poll?
I find myself in the doubter camp. To me, I can't think who would rationally want to jump in on Monday morning. Especially knowing that over 60% of the "value" of Bitcoins evaporated while no more than two percent of them moved. (as determined by Saturday volume divided by total circulation)
Then again, a lot of people want one or two of them just for fun - the same way I bought a few BitBills even though I have no imminent plans to spend them. They certainly have a future, and the P2P network itself is standing up well. And things would be a lot different if every joe citizen who wanted a couple bitcoins didn't have such a difficult time getting them.
So anyway, would you mind answering my poll?
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