point being a lot bulls want to buy, but the prospect of really cheap coins tomorrow compared to today keeps even them waiting
Hahaha ohhhh such gold.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33336. (Read 26709071 times)
June 12, 2013, 05:08:33 PM
Hahaha ohhhh such gold.
June 12, 2013, 05:07:13 PM
we all want cheap coins to profit from them. even the most bullish
except the buy-and-holders.
Nah, I'd still buy some cheap coins.
Dollar cost averaging.
But I'm sure there are people out there that put most of their investment money into BTC at a high price and are still holding. When price plummets, they can purchase more, but their average cost per BTC is still going to be high.
But fellas like you with deep pockets it's a different story. During a crash you might be able to match the initial investment to bring the average cost of BTC so low that you are then almost at break-even.
I don't have deep pocket's but the averaging thing doesn't hold up for all of us.
I'm a relatively newcomer and am trying to make a living on BTC without daytrading.
This is harder then it sounds.
June 12, 2013, 05:06:34 PM
But fellas like you with deep pockets it's a different story. During a crash you might be able to match the initial investment to bring the average cost of BTC so low that you are then almost at break-even.
If my pockets are deep it's only because my pants are so old I wore out the bottom of the pockets.
(That's my story and I'm sticking to it)
June 12, 2013, 05:04:10 PM
You didn't hear me say 1 was enough 
just that if you hold 1 now your not late.
most of us stared with a few coins...
just that if you hold 1 now your not late.
most of us stared with a few coins...
True, but it has been said many times here
Sorry you can't buy your Lambo tomorrow
June 12, 2013, 05:03:18 PM
So what is bitcoin supposed to do? drop to 1/16th? (uhh... no arrogance inteded )
I don't hink we will repeat the 2011 the game has somewhat changed.
)I don't hink we will repeat the 2011 the game has somewhat changed.
Indeed. The 3-year logarithmic trend shows the $12-13 base in Dec-12/Jan-13 to be severely undervalued. $30-$40 was on-trend for that time. So the dip to $50 in April was still on-trend. IMHO seeing $50 again is possible, but anyone wanting to buy again at $30 is dreaming.
June 12, 2013, 05:00:59 PM
You guys really have to check this twitter feed from Sir-Bits-A-Lot. https://twitter.com/SirBitsALot
He has some great commentary on price manipulation and a video as well. Really really interesting. He is a bull long term but mid to short term (6-12 months) he is a bear.
Video linked here:http://sirbitsalot.wordpress.com/2013/06/11/bitcoin-price-manipulation/
He has some great commentary on price manipulation and a video as well. Really really interesting. He is a bull long term but mid to short term (6-12 months) he is a bear.
Video linked here:http://sirbitsalot.wordpress.com/2013/06/11/bitcoin-price-manipulation/
June 12, 2013, 05:00:28 PM
June 12, 2013, 04:58:53 PM
And i for sure won't love to see the whole Bitcoin economy going down to 50 just to buy a few cheaper coins. Unlike many people here. I think it's ridiculous and rude to think that way. Pure greed.
The economy? It barely exists. I for sure won't love to see bitcoin continue to trade as significantly overvalued based almost purely on speculation hype. And how do you expect self-interested parties to work within markets? I don't cater to absurd pie-in-the-sky notions of bitcoin becoming the world reserve currency and saving the world from itself... so yeah, I want the market to act in the interest of my holdings. That's completely reasonable.Right now, the downtrend has stopped, and not sure if it will proceed or reverse so I don't have any positions ATM.
If/when this wedge breaks, I think we see continuation. The rise from 88 on this volume does not give me hope for a bull market. 
June 12, 2013, 04:55:08 PM
Someone posted recently that Bitcoin will go viral one day. Probably true . Whether its Bitcoin and/or another Crypto remains to be seen. But it's not happening tomorrow as the infrastructure is not in place to support it. It would be an embarrassing failure and would be much more likely to kill Bitcoin than a 50% drop in price from here . So what's the rush ?
It's called early retirement for a reason
June 12, 2013, 04:53:46 PM
And i for sure won't love to see the whole Bitcoin economy going down to 50 just to buy a few cheaper coins. Unlike many people here. I think it's ridiculous and rude to think that way. Pure greed.
Unfortunately I was late to the party. I definitely embrace "cheap" coins. On the other hand, if the trend goes up, I will buy in whatever the price.
I don't think you're late.
It can get waaaaaay worse if Bitcoin does what it's supposed to do.
I think that everyone who now has at least 1 coin is not late to the party.
So what is bitcoin supposed to do? drop to 1/16th? (uhh... no arrogance inteded
)I don't hink we will repeat the 2011 the game has somewhat changed.
I don't think many truly have an idea what the party will be like, let alone what to wear, who will be there and how much the entry fee will be.
This '1 coin will be enough' doesn't compute for me.
You didn't hear me say 1 was enough
just that if you hold 1 now your not late.
most of us stared with a few coins...
June 12, 2013, 04:52:15 PM
Someone posted recently that Bitcoin will go viral one day. Probably true . Whether its Bitcoin and/or another Crypto remains to be seen. But it's not happening tomorrow as the infrastructure is not in place to support it. It would be an embarrassing failure and would be much more likely to kill Bitcoin than a 50% drop in price from here . So what's the rush ?
No rush, but I'dd like to buy that lambo with the few coins I carelessly left on my unverified GOX account after pulling the rest due to them taking over 2 months and counting to wire me some fiat.
Better if I can do that tomorrow then in 10 years
June 12, 2013, 04:47:41 PM
Someone posted recently that Bitcoin will go viral one day. Probably true . Whether its Bitcoin and/or another Crypto remains to be seen. But it's not happening tomorrow as the infrastructure is not in place to support it. It would be an embarrassing failure and would be much more likely to kill Bitcoin than a 50% drop in price from here . So what's the rush ?
June 12, 2013, 04:44:04 PM
we all want cheap coins to profit from them. even the most bullish
except the buy-and-holders.
Nah, I'd still buy some cheap coins.
Yep. More coins is never a bad choice
June 12, 2013, 04:43:27 PM
And i for sure won't love to see the whole Bitcoin economy going down to 50 just to buy a few cheaper coins. Unlike many people here. I think it's ridiculous and rude to think that way. Pure greed.
Unfortunately I was late to the party. I definitely embrace "cheap" coins. On the other hand, if the trend goes up, I will buy in whatever the price.
I don't think you're late.
It can get waaaaaay worse if Bitcoin does what it's supposed to do.
I think that everyone who now has at least 1 coin is not late to the party.
So what is bitcoin supposed to do? drop to 1/16th? (uhh... no arrogance inteded
)I don't hink we will repeat the 2011 the game has somewhat changed.
June 12, 2013, 04:40:58 PM
we all want cheap coins to profit from them. even the most bullish
except the buy-and-holders.
Nah, I'd still buy some cheap coins.
June 12, 2013, 04:40:14 PM
true many have this, thats why we are going unstably sideways ATM
June 12, 2013, 04:39:56 PM
And i for sure won't love to see the whole Bitcoin economy going down to 50 just to buy a few cheaper coins. Unlike many people here. I think it's ridiculous and rude to think that way. Pure greed.
Unfortunately I was late to the party. I definitely embrace "cheap" coins. On the other hand, if the trend goes up, I will buy in whatever the price.
I don't think you're late.
It can get waaaaaay worse if Bitcoin does what it's supposed to do.
June 12, 2013, 04:37:14 PM
I just don't see the big difference in price when people talk about cheap coins. I don't see the point in waiting for a 20 dollar drop. If you believe in Bitcoin long term then everything now is cheap.
Bitcoin either will be worth 0 or a lot. I think most people will agree. In the case it turns out to be a lot then who cares if you bought for 80 or 130 dollars? Those prices will be a joke.
That's why i think the whole cheap coins thing gets a bit stupid at times.
I bought before the hype and i'm still buying every now and then.
Ofcourse i try to pick the best times but really it doesn't bother me if it's 80 or 120.
And i for sure won't love to see the whole Bitcoin economy going down to 50 just to buy a few cheaper coins. Unlike many people here. I think it's ridiculous and rude to think that way. Pure greed.
Bitcoin either will be worth 0 or a lot. I think most people will agree. In the case it turns out to be a lot then who cares if you bought for 80 or 130 dollars? Those prices will be a joke.
That's why i think the whole cheap coins thing gets a bit stupid at times.
I bought before the hype and i'm still buying every now and then.
Ofcourse i try to pick the best times but really it doesn't bother me if it's 80 or 120.
And i for sure won't love to see the whole Bitcoin economy going down to 50 just to buy a few cheaper coins. Unlike many people here. I think it's ridiculous and rude to think that way. Pure greed.
It makes a massive difference if you buy at 30 vs 110 if bitcoin is going to the moon. You have 3 times as many of them.
Yes, i agree but the times for 30 dollar coins are over. Most likely also for 50. People need to accept that or in 5 years from now they are still hoping for a major crash to get to that level.
That's what I said a few post's back.
Sorry, i only read my own posts
Oh damn... did I already make it to the ignore list on my first day actively posting?
June 12, 2013, 04:35:46 PM
point being a lot bulls want to buy, but the prospect of really cheap coins tomorrow compared to today keeps even them waiting
June 12, 2013, 04:35:21 PM
I just don't see the big difference in price when people talk about cheap coins. I don't see the point in waiting for a 20 dollar drop. If you believe in Bitcoin long term then everything now is cheap.
Bitcoin either will be worth 0 or a lot. I think most people will agree. In the case it turns out to be a lot then who cares if you bought for 80 or 130 dollars? Those prices will be a joke.
That's why i think the whole cheap coins thing gets a bit stupid at times.
I bought before the hype and i'm still buying every now and then.
Ofcourse i try to pick the best times but really it doesn't bother me if it's 80 or 120.
And i for sure won't love to see the whole Bitcoin economy going down to 50 just to buy a few cheaper coins. Unlike many people here. I think it's ridiculous and rude to think that way. Pure greed.
Bitcoin either will be worth 0 or a lot. I think most people will agree. In the case it turns out to be a lot then who cares if you bought for 80 or 130 dollars? Those prices will be a joke.
That's why i think the whole cheap coins thing gets a bit stupid at times.
I bought before the hype and i'm still buying every now and then.
Ofcourse i try to pick the best times but really it doesn't bother me if it's 80 or 120.
And i for sure won't love to see the whole Bitcoin economy going down to 50 just to buy a few cheaper coins. Unlike many people here. I think it's ridiculous and rude to think that way. Pure greed.
It makes a massive difference if you buy at 30 vs 110 if bitcoin is going to the moon. You have 3 times as many of them.
Yes, i agree but the times for 30 dollar coins are over. Most likely also for 50. People need to accept that or in 5 years from now they are still hoping for a major crash to get to that level.
That's what I said a few post's back.
Sorry, i only read my own posts
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