Topic: when to buy, NOW (Read 2367 times)
:)agree
However, at the same time, there are a ton of people waiting in line to get *massive* mining rigs using ASICs
This will mean a ton of new coins will be generated, and presumably a proportion of those will be sold, putting pressure on prices
This will mean a ton of new coins will be generated, and presumably a proportion of those will be sold, putting pressure on prices
The ASICs aren't going to mean that more coins are going to be generated, it means that the people with ASICs will get a larger percentage of the coins that are generated, because they will be doing a much higher number of the calculations required to mine a coin.
Thanks for clarifying - that is an important distinction!
with gox getting X amount of new accounts daily, with the other exchanges adding new members daily, new exchanges popping up daily, Bitcoin has a really good chance at a very long uptrend. I definately can see it at 300-350 by years end.
They are being flooded by too many new accounts, the waiting line to be validated is like 15000 when you create the account, and it really takes nearly 2 weeks to get validated...
They can have many new accounts (just to give an eye) but only a part of them will really trade on the market, and they're delayed due to the validation process...
I exchanged all my btc for ltc, the btc/ltc ratio seems to be steady, but there is a chance that ltc will double in price once it hits mtgox, which they announced will happen soon...
You did it wrong, never heard of buy on rumor, sell on news? You bought on the news.
I exchanged all my btc for ltc, the btc/ltc ratio seems to be steady, but there is a chance that ltc will double in price once it hits mtgox, which they announced will happen soon...
Interesting, thanks for the info
BTC has been hosted on CCTV-2, China's National Finance Broadcast Station.
1 Billion people have turned their heads this way.
Be prepared for $110+ and $130+ before the end of the week.
1 Billion people have turned their heads this way.
Be prepared for $110+ and $130+ before the end of the week.
I do think it's the time to buy but i also feel like there is slight correction in our future as well. According to logarithmic functions that show the exponential trend line that bitcoin has followed since it's inception we are supposed to be arounf $80 a coin right now and this trend line has held true since bitcoins inception. The 2011 and 2013 crashes were caused by outside factors (extreme speculation and increased media attention) that caused the price to go way above where it is supposed to be and the crashes weren't as much crashes as they were natural stabilizations in the market that were necessary and we still havent made it back down to the original trendline since the 2013 crash. Im not saying sell because if you don't time it right then you will lose and bitcoin is supposed to be around $500 one year from now so its best to hold in the long run and blind yourself to the short term noise and speculation.
Now is the time to buy I believe... the sky is the limit, I think 266 was only the beggining
I'm trying to buy but it's damn near impossible.
Now is the time to buy I believe... the sky is the limit, I think 266 was only the beggining
With the recent news that CCTV (China state TV) running a positive story about bitcoin, if even 1 million of China's 1.3 billion people want BTC the price will go to Berkshire Hathaway levels.
Can't really ever see it being worth any less.
Price was built up by silkroad, but now its becoming a lot more mainstream. BTC has always had big swings up & down and i'm sure that won't stop anytime soon.
Price was built up by silkroad, but now its becoming a lot more mainstream. BTC has always had big swings up & down and i'm sure that won't stop anytime soon.
when to buy was at 80 but we wont see that again unless sr goes down ....expect 350 by christmas
Personally, I'm hoping to put a fair chunk of whatever I'm able to save into bitcoins. If it grows, then fabulous. If I lose it all, I'm young, and can afford to do so. What I love about bitcoins is that all I can lose is 100%, but I have the opportunity for it to grow perhaps 300%+. My main concern though is that there isn't too many places (esp. in Australia) to buy items using bitcoins (and I rarely buy digital goods regardless).
If I do happen to make money from putting money into btc, then I hope to be able to develop and build vending machines that both accept bitcoin payments for goods, and allow customers to buy bitcoins as effortlessly as possible. I wish it was easier to buy bitcoins currently, but I suppose that is what makes them profitable for now (I believe they will explode in value and then slow down once/if they become mainstream).
If I do happen to make money from putting money into btc, then I hope to be able to develop and build vending machines that both accept bitcoin payments for goods, and allow customers to buy bitcoins as effortlessly as possible. I wish it was easier to buy bitcoins currently, but I suppose that is what makes them profitable for now (I believe they will explode in value and then slow down once/if they become mainstream).
Man, I was trying to get in at $55 a BTC and couldn't figure out how to buy them. It's so frustrating that this isn't as liquid as it needs to be. There is a lot of opportunity for coders to get this kind of stuff on the market for us traders !
For anyone new to Bitcoin it definitely seems frustrating trying to figure out the wallets and the exchanges to buy the coins! Thankfully as a Canadian, I was using Libertybit.com who lets you fund your account via email money transfers to make it easy.
Absolutely. Try buying them from South Africa sometime, with all our super-uptight banking regs. Hell, just one of our "big four" local banks offers PayPal, and they only brought that in a few years ago. We have a local exchange now though, so things are improving!
Looks like bitcoin isnt doing so well... after my comment being shot down above, but... people will say what they want to say, just like the tech bubble 2000. Will love the new low low price. Will buy some then wait for the long slow crawl back up. Hope you people didnt believe your own hype and buy at the high.
I wonder if price sort of follows difficulty? If so, then yeah its time to buy now 
I got in at ~90, then decided to play stupid and try my hand at day trading. Got faked out and panic-sold at nearly the same price I bought (facepalm) 
Still ended up with some coins but about 20% less than simple buy-and-hold.
Still ended up with some coins but about 20% less than simple buy-and-hold.
haha SAME! I was thinking i was a bad ass cus i turned 8 coins into 12 1/2 also bout some so total was about 35...well now my total is 30.2 FML haha god i wasted a lot of money when they went up....left my buy orders in the dust. son of a bitty! oh well lesson learned.
but it looks like its gunna slyde to about 134??? then hit the up button.
I got in at ~90, then decided to play stupid and try my hand at day trading. Got faked out and panic-sold at nearly the same price I bought (facepalm)
Still ended up with some coins but about 20% less than simple buy-and-hold.
Still ended up with some coins but about 20% less than simple buy-and-hold.
with gox getting X amount of new accounts daily, with the other exchanges adding new members daily, new exchanges popping up daily, Bitcoin has a really good chance at a very long uptrend. I definately can see it at 300-350 by years end.
+1
It might hit 300...(fibonacci?) maybe before july allready
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