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Topic: thinking about buying 5k in bitcoin - page 2. (Read 8574 times)

legendary
Activity: 3878
Merit: 1193
May 27, 2014, 07:43:43 PM
#99
So if your prediction is right over 1k up to 5k I will still be making a nice chunk of change and I'm feeling pretty solid with the money I spent on my 7.14 coins. If it tanks I will still be eating.

Just remember, when it does tank, it's a temporary situtation. Don't panic sell for some pizza.
member
Activity: 62
Merit: 10
Mining. Hosting. Cloud Mining.
May 27, 2014, 06:18:09 PM
#98
And to think that I was called a used car salesman for telling the OP to buy now when he posted the thread.

OP could have gone all-in. Instead he chose to listen to the noobs and bears.

$400/btc won't come back for most of us; there may be a flash crash for a chosen few. Self-fulfilling prophecy or not, this summer will bring a major bubble, solidly putting the rocket up to the $5000 range. It will crash down to $2500.

I def considered your opinion when I bought some coins, I feel everyone has given me great advice. Obviously I regret not going all in when it was 350-450 but I was concerned with it dropping down and then I go belly up haha. Had I known that it was gonna go close to 600 I would have bought in more but the piece of mind is also worth something. I am now up to 7 coins with 5 bought around 420-460 and then I bought 2 more yesterday when the price fell to 550 (now back up to 570-80)

So if your prediction is right over 1k up to 5k I will still be making a nice chunk of change and I'm feeling pretty solid with the money I spent on my 7.14 coins. If it tanks I will still be eating.

If anyone can give me a guarantee I will put 20k in bitcoin  Wink thanks for all the tips/opinions. Really helped me with my first post and with bitcoin investing in general
legendary
Activity: 3794
Merit: 5474
May 27, 2014, 04:36:00 PM
#97
What value do you see that will be added between now and Summer that will push the price so high?


Value?  Bitcoin had all the value it really needed by 2011.  What will push the price up from here is simply exponential growth.
full member
Activity: 224
Merit: 100
VocalPlatform.com
May 27, 2014, 04:04:32 PM
#96
Buy now, after the next bull run we will never see below $1k anymore.

I think the OP is too late now. He will be fighting for 2100 satoshi 2 years from now Grin

In fact i think $600-$800 its like the $80 on 2013, some people were thinking it was on "price" while it was extremely cheap.

And yes, OP will probably will start buying when 1000 satoshis = 1 usd.
hero member
Activity: 1022
Merit: 500
May 27, 2014, 03:06:43 PM
#95
What value do you see that will be added between now and Summer that will push the price so high?


Perception on Bitcoin will change when the world of finance will change
hero member
Activity: 546
Merit: 500
Carpe Diem
May 24, 2014, 08:45:44 PM
#94
The MIT news is cool and could help in the long run but I tend to think most will sell for some fun times on the weekend. I mean they're only freshmen what do care about making a big change in the world? 

The BTC ETF, if successful, could be a game changer as it allows the average joe to profit from BTC without having to use shady exchanges.
sr. member
Activity: 252
Merit: 250
May 24, 2014, 05:31:42 PM
#93
What value do you see that will be added between now and Summer that will push the price so high?


The mit students will take place on atumm, that can be the trigger for a new bubble that can take the price up to 5000, but the rest of this month i dont think it will be worth more than 600

majority of MIT students will sell their BTC immediately and convert their earnings into pizza & beer  Grin
(nevertheless an interesting experiment, which generates media attention for BTC)
legendary
Activity: 910
Merit: 1000
May 24, 2014, 04:19:00 PM
#92
Only thing that could cause another massive bubble is the winklevoss ETF causing a domino effect in wallstreet causing hundreds of companies to take a posistion in btc.  Otherwise we will just see small consistent growth as adoption grows.
sr. member
Activity: 462
Merit: 250
May 24, 2014, 01:18:51 PM
#91
What value do you see that will be added between now and Summer that will push the price so high?


The mit students will take place on atumm, that can be the trigger for a new bubble that can take the price up to 5000, but the rest of this month i dont think it will be worth more than 600
full member
Activity: 218
Merit: 101
May 24, 2014, 01:14:02 PM
#90
What value do you see that will be added between now and Summer that will push the price so high?
sr. member
Activity: 448
Merit: 250
May 24, 2014, 11:49:25 AM
#89
And to think that I was called a used car salesman for telling the OP to buy now when he posted the thread.

OP could have gone all-in. Instead he chose to listen to the noobs and bears.

$400/btc won't come back for most of us; there may be a flash crash for a chosen few. Self-fulfilling prophecy or not, this summer will bring a major bubble, solidly putting the rocket up to the $5000 range. It will crash down to $2500.
full member
Activity: 133
Merit: 100
May 24, 2014, 11:00:06 AM
#88
put up some  mini wall 100btc  when ppl sell and let them sell right into your wall..

make a stair down to 400 ish with those 100btc mini walls..   
[...]

LOL wonkytonky Cheesy  He wants to invest 5k USD, not buy 5k BTC Wink
legendary
Activity: 3794
Merit: 5474
May 24, 2014, 09:22:13 AM
#87
Buy now, after the next bull run we will never see below $1k anymore.

I think the OP is too late now. He will be fighting for 2100 satoshi 2 years from now Grin

Not sure what you mean, what am I am to late for? I already have 5.14 coins that I bought at/under 450 and it is up to 530. Not sure where else I can make that kind of return on investment this fast. Even if I buy at 530 and it goes up, nothing beats the return. (at least to my knowledge)
Awesome job, man. I don't think you could of timed your entry point much better this year.  Enjoy the ride!
hero member
Activity: 1022
Merit: 500
May 24, 2014, 09:13:25 AM
#86
Having some bitcoins and some precious metals is a good edge against hard economic times
sr. member
Activity: 952
Merit: 281
May 23, 2014, 02:01:16 AM
#85
Buy now, after the next bull run we will never see below $1k anymore.

I think the OP is too late now. He will be fighting for 2100 satoshi 2 years from now Grin

Not sure what you mean, what am I am to late for? I already have 5.14 coins that I bought at/under 450 and it is up to 530. Not sure where else I can make that kind of return on investment this fast. Even if I buy at 530 and it goes up, nothing beats the return. (at least to my knowledge)
You can buy Ripple  Grin
member
Activity: 62
Merit: 10
Mining. Hosting. Cloud Mining.
May 23, 2014, 01:58:57 AM
#84
Buy now, after the next bull run we will never see below $1k anymore.

I think the OP is too late now. He will be fighting for 2100 satoshi 2 years from now Grin

Not sure what you mean, what am I am to late for? I already have 5.14 coins that I bought at/under 450 and it is up to 530. Not sure where else I can make that kind of return on investment this fast. Even if I buy at 530 and it goes up, nothing beats the return. (at least to my knowledge)
legendary
Activity: 1652
Merit: 1265
May 23, 2014, 01:24:38 AM
#83
Buy now, after the next bull run we will never see below $1k anymore.

I think the OP is too late now. He will be fighting for 2100 satoshi 2 years from now Grin
legendary
Activity: 3620
Merit: 4813
May 23, 2014, 12:57:05 AM
#82
Buy now, after the next bull run we will never see below $1k anymore.
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
May 23, 2014, 12:27:34 AM
#81
I'd reccomend waiting for confirmed mid-trend reversal, or you could use a phased buy-in strategy where you buy in $250 per week for the next 20 weeks. Coinbase has some feature to do something like that I think.

I'm curious, what price was BTC at when your charts confirmed the trend reversal?
....or are we still not there yet?
sr. member
Activity: 448
Merit: 250
May 22, 2014, 11:48:45 PM
#80
I have been watching this thread as well, and am curious as to others thoughts on this rise too.  I don't have the money the OP had to invest, but I have been holding a small bubble of fiat for 1-2 coins, with the hopes of catching it before the next rise.

Is this the rise that should bring fence watchers like myself into the game?

Probably. I never sold, tbh, so I don't have fiat, but I'm considering going leverage long all of a sudden. Its pretty clear its some kind of breakout. However, if you'Re going to need the fiat in the near future I'd advise against it. If you can hold out for like 2 years worst case scenario, then yep I'd definately strike. I think the odds of it doubling in the next 2 years are higher than the odds of you being able to get a significantly preferable price. And by significantly preferable I mean < 400.
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