Well I've told you not to push the price up

qikaifu

full member

Activity: 168

Merit: 100

God creats math and math creats bitcoin.

Quote from: cypherdoc on July 11, 2011, 10:41:05 AM

Quote from: qikaifu on July 11, 2011, 08:53:13 AM

3 hours ago, someone is even as excited as willing to buy beyond 15$.

Not all the doubters have sold their coins yet. If you push the price up beyond 15, you're only make yourselves in a dangerous situation. I suggest we remain the price at this low level for a while, and let the price crash several times, and make doubters sell all their coins around 10-12$. Then we can move on to the next phase of rally. So don't buy at too high price, and always reserve some money for picking up the cheap coins.

that the price of BTC in USD will be higher than it is today one year from now.

I'm 100% agree with you in the long-term.
However, in the short term, I think it's more likely hold some USD as well as bitcoin is the best strategy, but not all-in at once.

I post a lot, but not trolling.

qikaifu

full member

Activity: 168

Merit: 100

God creats math and math creats bitcoin.

Quote from: chiropteran on July 11, 2011, 10:34:07 AM

I am waiting until the price reaches $16 before I buy.

This is just some kind of panic buyers' expectation of the future. A sophisticated trader will just know that upon the volatility and the weak belief of some early adopters, and the media coverage peak being past, the surge in price is a sign of danger but not a beginning of rally. The more speedy the price surges, the more it falls.

My suggestion is:

just hold the bitcoin you already have. Don't buy it when everybody is pushing the price up. Just be patient, wait the price fall and buy it at a discounted price. If you buy it when the price surges from 13.8 to 14.5 in 15 mins, you're of course the one who will be regret in less than 3 hours.

imperi

full member

Activity: 196

Merit: 101

Quote from: cypherdoc on July 11, 2011, 10:41:05 AM

Quote from: qikaifu on July 11, 2011, 08:53:13 AM

3 hours ago, someone is even as excited as willing to buy beyond 15$.

Not all the doubters have sold their coins yet. If you push the price up beyond 15, you're only make yourselves in a dangerous situation. I suggest we remain the price at this low level for a while, and let the price crash several times, and make doubters sell all their coins around 10-12$. Then we can move on to the next phase of rally. So don't buy at too high price, and always reserve some money for picking up the cheap coins.

based on the quality and frequency of your posts, i think you're trolling.

i'd like to bet you 100 BTC, to be held in escrow, that the price of BTC in USD will be higher than it is today one year from now.

That's not a fair bet. If you win, you get $1000. If you lose, you lose $10. (example numbers)

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: qikaifu on July 11, 2011, 08:53:13 AM

3 hours ago, someone is even as excited as willing to buy beyond 15$.

Not all the doubters have sold their coins yet. If you push the price up beyond 15, you're only make yourselves in a dangerous situation. I suggest we remain the price at this low level for a while, and let the price crash several times, and make doubters sell all their coins around 10-12$. Then we can move on to the next phase of rally. So don't buy at too high price, and always reserve some money for picking up the cheap coins.

based on the quality and frequency of your posts, i think you're trolling.

i'd like to bet you 100 BTC, to be held in escrow, that the price of BTC in USD will be higher than it is today one year from now.

imperi

full member

Activity: 196

Merit: 101

I'll buy when it hits $20 because that means the currency is going somewhere. If it drops to $10, I'll sell everything because it is evidence of a collapse.

chiropteran

sr. member

Activity: 348

Merit: 250

I am waiting until the price reaches $16 before I buy.

RogerR

member

Activity: 102

Merit: 10

I buy when the exchange opens.

AtlasONo

hero member

Activity: 551

Merit: 500

Solid advice

qikaifu

full member

Activity: 168

Merit: 100

God creats math and math creats bitcoin.

3 hours ago, someone is even as excited as willing to buy beyond 15$.

Not all the doubters have sold their coins yet. If you push the price up beyond 15, you're only make yourselves in a dangerous situation. I suggest we remain the price at this low level for a while, and let the price crash several times, and make doubters sell all their coins around 10-12$. Then we can move on to the next phase of rally. So don't buy at too high price, and always reserve some money for picking up the cheap coins.

Topic: Well I've told you not to push the price up (Read 1426 times)