It's unlikely the price of Bitcoin will remain the same. At the very least it should hedge inflation and maintain a constant value, which means the price would go up by 2-5% a year minimum. If you factor in adoption rate and increased mining difficulty it's reasonable to assume that it will also be increasing in value. Some also predict that when quantitative easing stops it will result in deflation, so if it affects trade price of BTC it would be a result of the dollars instability and not BTC. We should also consider that as liquidity in Bitcoin market increases it would have the opposite effect in other markets. The fractional reserve system relies on a perpetual debt circle, so less transactions in these currencies only expedites their eventual crash.
That being said nothing is certain with BTC, it may fail and it may prevail. What is certain is that the USD is going to crash, and eventually it will no longer be the world reserve currency. This should be common knowledge by now, I would expect most people in the Bitcoin forums to understand the economics at work here.
As far as I am concerned BTC is a legitimate currency and I would use it for both investment and for purchasing goods/services.
If you want to help secure your investment in BTC, reach out to vendors and ask them to start accepting BTC. I'm at a point now where I will only donate to charities if they accept BTC donations. I will take the same stance on any good/service if an alternative is available in BTC. Day trading is fine, but if your ultimate goal is to only end up with more USD in your bank account then you are missing the entire point of Bitcoin.
Topic: my grand plan (Read 2469 times)
Buy low, sell high. Repeat.
This is good plan for aspiring trader
This is good plan for aspiring trader
i will be cautious at current prices,
until it hits the alltime high, then i will panic buy,
panic sell at 948, and watch is go to ~1900,
then buy back at 1078,
and then sell again a 500.
This is my grand plan, whats yours?
until it hits the alltime high, then i will panic buy,
panic sell at 948, and watch is go to ~1900,
then buy back at 1078,
and then sell again a 500.
This is my grand plan, whats yours?
Lolz, what type of plan is this. Anyway, mine was to sell at $250, then buy back at $50, then sell again at $250 and buy back again at $50 and it continues......
Haha yeah, easier said then done... I going to buy all the BTC I can when it hit 100$-130$...
i will be cautious at current prices,
until it hits the alltime high, then i will panic buy,
panic sell at 948, and watch is go to ~1900,
then buy back at 1078,
and then sell again a 500.
This is my grand plan, whats yours?
until it hits the alltime high, then i will panic buy,
panic sell at 948, and watch is go to ~1900,
then buy back at 1078,
and then sell again a 500.
This is my grand plan, whats yours?
Lolz, what type of plan is this. Anyway, mine was to sell at $250, then buy back at $50, then sell again at $250 and buy back again at $50 and it continues......
This is why it is best to invest using the "basket method." (TM)
First Basket: $10,000
Long on position of Bitcoin. Never sell! (Or, if you must, sell at $1,000-1200).
Second Basket: $10,000
Mid-range positioning. Sell only after at least 1 year. Sell when it reaches around $400-600 the purchase price.
Third Basket: $5,000
Use this for short term trading (day-trading) to ride short term rises.
Using this system, you can prevent impulse buying and selling, and really enjoy the benefits of long term appreciation.
First Basket: $10,000
Long on position of Bitcoin. Never sell! (Or, if you must, sell at $1,000-1200).
Second Basket: $10,000
Mid-range positioning. Sell only after at least 1 year. Sell when it reaches around $400-600 the purchase price.
Third Basket: $5,000
Use this for short term trading (day-trading) to ride short term rises.
Using this system, you can prevent impulse buying and selling, and really enjoy the benefits of long term appreciation.
I hate trading. Lose plenty of fee while trading
yeh the price will not go back to $50 ill tell you that much, and i believe in BTC growth as well but....doubling every month?
iii doont thinkkkk sooo!
iii doont thinkkkk sooo!Anything can happen especially when the public is panic..
I can just sum this up, your a btc day trader. congrats
This is why it is best to invest using the "basket method." (TM)
First Basket: $10,000
Long on position of Bitcoin. Never sell! (Or, if you must, sell at $1,000-1200).
Second Basket: $10,000
Mid-range positioning. Sell only after at least 1 year. Sell when it reaches around $400-600 the purchase price.
Third Basket: $5,000
Use this for short term trading (day-trading) to ride short term rises.
Using this system, you can prevent impulse buying and selling, and really enjoy the benefits of long term appreciation.
First Basket: $10,000
Long on position of Bitcoin. Never sell! (Or, if you must, sell at $1,000-1200).
Second Basket: $10,000
Mid-range positioning. Sell only after at least 1 year. Sell when it reaches around $400-600 the purchase price.
Third Basket: $5,000
Use this for short term trading (day-trading) to ride short term rises.
Using this system, you can prevent impulse buying and selling, and really enjoy the benefits of long term appreciation.
Hold some coins, and use others to do buying and selling.
To me, I think price $210 will last for a long time.
To me, I think price $210 will last for a long time.
yeh the price will not go back to $50 ill tell you that much, and i believe in BTC growth as well but....doubling every month? iii doont thinkkkk sooo!
iii doont thinkkkk sooo! 
i will be cautious at current prices,
until it hits the alltime high, then i will panic buy,
panic sell at 948, and watch is go to ~1900,
then buy back at 1078,
and then sell again a 500.
This is my grand plan, whats yours?
until it hits the alltime high, then i will panic buy,
panic sell at 948, and watch is go to ~1900,
then buy back at 1078,
and then sell again a 500.
This is my grand plan, whats yours?
i dont have any idea what is fair value for something so abstract. i really dont even have a clue. my plan is to sit and patiently wait and hold untill walmart.com, amazon.com, and ebay.com all have a little bitcoin picture on their checkout options. that is when i MIGHT make a move.
That ganna take many years, maybe Bitcoin has already been taken down that time ....
thats why i never invested more than i was prepared to lose
i will be cautious at current prices,
until it hits the alltime high, then i will panic buy,
panic sell at 948, and watch is go to ~1900,
then buy back at 1078,
and then sell again a 500.
This is my grand plan, whats yours?
until it hits the alltime high, then i will panic buy,
panic sell at 948, and watch is go to ~1900,
then buy back at 1078,
and then sell again a 500.
This is my grand plan, whats yours?
i dont have any idea what is fair value for something so abstract. i really dont even have a clue. my plan is to sit and patiently wait and hold untill walmart.com, amazon.com, and ebay.com all have a little bitcoin picture on their checkout options. that is when i MIGHT make a move.
That ganna take many years, maybe Bitcoin has already been taken down that time ....
i will be cautious at current prices,
until it hits the alltime high, then i will panic buy,
panic sell at 948, and watch is go to ~1900,
then buy back at 1078,
and then sell again a 500.
This is my grand plan, whats yours?
until it hits the alltime high, then i will panic buy,
panic sell at 948, and watch is go to ~1900,
then buy back at 1078,
and then sell again a 500.
This is my grand plan, whats yours?
i dont have any idea what is fair value for something so abstract. i really dont even have a clue. my plan is to sit and patiently wait and hold untill walmart.com, amazon.com, and ebay.com all have a little bitcoin picture on their checkout options. that is when i MIGHT make a move.
My grand plan.
Buy at $10 each.
Sell at $1000 each.
10000% return...
Buy at $10 each.
Sell at $1000 each.
10000% return...
Mine was close to yours.
Buy at $1 each.
Sell at $10,000 each.
My grand plan.
Buy at $10 each.
Sell at $1000 each.
10000% return...
Buy at $10 each.
Sell at $1000 each.
10000% return...
selling at 250-280
buying at 150-180
buying at 150-180
This was my plan but I am not sure that it will stop at 266 this time around. What if it goes all the way up to 500 and only drops back to 300 or so?
It is hard to speculate so I will just buy and hold as long as possible and ride out the waves.
But yes, Ideally the way to get more coin is to sell high and buy low. It is not always that simple unfortunately.
My plan is to toggle between alts vs btcBTC and try to profit doing this 
Not much luck so far 
It never works, in the long term. Try this: Not much luck so far http://www.youtube.com/watch?v=NG1qooBzE2w
hehe that's funny. The problem is, I don't have a lot BTC, so I'm trying to get more. I don't wanna buy, because the price might go down. Only goal i have in mind is to finalize transaction with more BTC in my wallet. The price is secondary. Till it won't be enough to buy a house, I won't sell
My plan.
Step 1) Print paper wallet
Step 2) Transfer Bitcoins to paper wallet
Step 3) Put paper wallet in a secure place.
Step 4) IN PROGRESS wait a decade or so.
Optional Step 4a) Periodically check safe place to make sure paper wallet still exists and check blockchain.info to make sure coins haven't moved.
Step 1) Print paper wallet
Step 2) Transfer Bitcoins to paper wallet
Step 3) Put paper wallet in a secure place.
Step 4) IN PROGRESS wait a decade or so.
Optional Step 4a) Periodically check safe place to make sure paper wallet still exists and check blockchain.info to make sure coins haven't moved.
My plan is to toggle between alts vs btcBTC and try to profit doing this Not much luck so far
It never works, in the long term. Try this: Not much luck so far http://www.youtube.com/watch?v=NG1qooBzE2w
My plan is to toggle between alts vs btcBTC and try to profit doing this Not much luck so far
Not much luck so far Jump to: