Topic: Too late to buy? (Read 6342 times)
What's your point? Do you believe that now the market will be going up?
When you trade, on any exchange, you trade virtual fiat and virtual coins.
With virtual fiat you can buy the lows, and then sell on highs, with virtual coins you can't.
With virtual fiat you can buy the lows, and then sell on highs, with virtual coins you can't.
But with coins you can sell on highs, then buy the lows. With fiat you can't.
When you trade, on any exchange, you trade virtual fiat and virtual coins.
With virtual fiat you can buy the lows, and then sell on highs, with virtual coins you can't.
With virtual fiat you can buy the lows, and then sell on highs, with virtual coins you can't.
My sell order went automatic at 350 and just sold all my coins in Gox...
Profit taken.
Profit taken.
Congratulations, you sold close to the top. But IMO it's a good idea to buy the incoming bottoms, there will be more ups and downs.
thats the only thing you can do with your great virtual dollar coupon on Mt.Broke, anyway
My sell order went automatic at 350 and just sold all my coins in Gox...
Profit taken.
Profit taken.
Congratulations, you sold close to the top. But IMO it's a good idea to buy the incoming bottoms, there will be more ups and downs.
That'd be nice. Top at 358 would be great!
My sell order went automatic at 350 and just sold all my coins in Gox...
Profit taken.
Profit taken.
Congratulations, you sold close to the top. But IMO it's a good idea to buy the incoming bottoms, there will be more ups and downs.
I don't plan to buy back coins as I need cash for Xmas and with gox lagging 2 months... one never knows...
I am reserved on the outcome of this as I am biased right now. The piglet inside me wants price drops so he can buy more.
I am reserved on the outcome of this as I am biased right now. The piglet inside me wants price drops so he can buy more.
My sell order went automatic at 350 and just sold all my coins in Gox...
Profit taken.
Profit taken.
So... you now have an unredeemable electron-based note that gives you the right to lots of toilet paper that Americans currently think are valuable?
My sell order went automatic at 350 and just sold all my coins in Gox...
Profit taken.
Profit taken.
Are you trying to buy back in? You think price is dropping?
My sell order went automatic at 350 and just sold all my coins in Gox...
Profit taken.
Profit taken.
It depends what you are looking for....if you want a short term trade and win then its risky as btc is behaving a lot like an asset bubble. However I think we all agree that long term btc is a winner, so in that sense you should buy asap.
what does it mean to go-zero?
Current market value: $350/BTC @ MtGox
If it "goes to zero"
Market value: $0/BTC @ [Significant places]
In April it started from 13.4$, went to 266$ (base x 19.8 ) then dived to 55$ (base x 4.1).
Now it started at 140$ (you can see it clearly at year's chart with 1-week bars).
How deep will be the dive this time?
Can we expect that the proportions of peak/dive will be the same as in April, in log scale?
That is if peak will be, say, half of April's, (i.e. base x 9.9), then the dive will be half of April's too (i.e. base x 2.05).
Then, if we'll have peak at $600 (x 4.3 from the base 140), the dive will be to 280$.
(I'ts 140$ * (exp(ln(4.1) * (ln(4.3)/ln(19.8 )))))
For the peak of 1000$ the dive is 350$ (140$ * (exp(ln(4.1) * (ln(7)/ln(19.8 ))))).
For the peak of 1600$ the dive is 440$ (140$ * (exp(ln(4.1) * (ln(11.4)/ln(19.8 ))))))
So, if you:
-have some fiat
-expect the proportionality
-expect the peak at $600
Then, instead of buying for 310$ now, you should bid for somewhere above 280$ and just wait.
Now it started at 140$ (you can see it clearly at year's chart with 1-week bars).
How deep will be the dive this time?
Can we expect that the proportions of peak/dive will be the same as in April, in log scale?
That is if peak will be, say, half of April's, (i.e. base x 9.9), then the dive will be half of April's too (i.e. base x 2.05).
Then, if we'll have peak at $600 (x 4.3 from the base 140), the dive will be to 280$.
(I'ts 140$ * (exp(ln(4.1) * (ln(4.3)/ln(19.8 )))))
For the peak of 1000$ the dive is 350$ (140$ * (exp(ln(4.1) * (ln(7)/ln(19.8 ))))).
For the peak of 1600$ the dive is 440$ (140$ * (exp(ln(4.1) * (ln(11.4)/ln(19.8 ))))))
So, if you:
-have some fiat
-expect the proportionality
-expect the peak at $600
Then, instead of buying for 310$ now, you should bid for somewhere above 280$ and just wait.
In a bull market it is never too late to buy ... unless you buy at the very top ... but it is prudent to wait until others are selling heavily before buying to get the best entry price. There is an old saying 'buy when there is blood in the streets'. Perhaps wait for two, three down days before buying.
thanks for the advice guys just bought in 1.5 btc at 328.31 at coinbase while my ticker gadget says its at 357. they charge me $5 fee but it looks like they are going lose over $45 on this transaction, do you think it will still go through?
Coinbase gets coins from a variety of sources and/ or exchanges, while your ticker is probably from MtGox which is almost always higher than all other exchanges.
what does it mean to go-zero?
now it the time to buy more than ever, the train is leaving the station
BTC is too high and volatile, and it's based on nothing more than pure gambling.
Rather, you should invest in Stocks if you have much money right now (Twitter shares surge 73% on market debut). There is much less risk...
Stock prices are also based on gambling but also on investors' expectations of the future value of a company.
Rather, you should invest in Stocks if you have much money right now (Twitter shares surge 73% on market debut). There is much less risk...
Stock prices are also based on gambling but also on investors' expectations of the future value of a company.
Well, yeah, unlike something with backing it could go to single digits overnight....
But, its unlikely. Very. Unlikely. So, quit QQing and accept your losses. I have and I'm much happier taking them then sitting here watch the ship set sail:)
Are you bullish now Derp? Or do you still believe bitcoin is just a little niche, destined to go to zero at some point in the near future?
Oh, sure, I still believe it goes to near-zero. I was always bullish "mid term", I just didnt expect it so soon. I was still hoping for some more short term drops. Maybe they are still possible, but for now I'm bullish.
Where do you think it goes once the ETF opens and institutional investors and 401k (U.S. tax free retirement accounts) can invest openly and legally in Bitcoin?
How high does it go before it goes to zero?
I mean, SecondMarket brought 15 million into the market since September, which happen to accompany a $175 rise.
What happens when a billion comes into the ETF? (A billion being REALLY conservative based on hedge fund and retirement portfolios.)
-Up, lol
-Now? I think either it reverses before $500 or ~$1200
-Yup, which is why I was unprepared for this. There is almost no money invested in bitcoin as much as people want to think its supported at these prices; but something like that comes out and suddenly, it might be possible.
-A billion, hehe.. uh, maybe 100k or something? But IDK that a billion would ever come in. If it goes to 10k suddenly potential gains are shrinking quite a lot, and risk the opposite. There are still people with tens of thousands of coins who could profit selling at $100, $50, $10...
I bought $40 worth from them on saturday and its now worth $70. this is so awesome.
How do they do it?
thanks for the advice guys just bought in 1.5 btc at 328.31 at coinbase while my ticker gadget says its at 357. they charge me $5 fee but it looks like they are going lose over $45 on this transaction, do you think it will still go through?
You're probably quoting from MtGox last. The rates you said are the rates that are live. I doubt they are losing anything on these rallys.
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