Topic: when to buy, NOW - page 2. (Read 2374 times)

ya apple has a plan to go to 700 per stock and then plumit to 350. ya buy that "sure thing" stock. haha no way if i even bout one i would have lost half my money. and with stocks its all or nothing you cant go buy .25434554 of an apple stock it 1 ten twenty etc. bitcoin can let you invest exactly the amount you want.

ya. we need gox i don't want them gone but they hold TOOOOO much of the market, this i have stated many times. Personally i like BITSTAMP.  If your looking to get into bitcoins and want an exchange then bitcoin is good.  I have also heard good things about CAMPBX but have no personal experience, signed up but not currently using it.

Support and resistance and indicators like Fibonnaci rely on a certain amount of volume and walls of institutional and retail bid and ask entry orders and stops to really work. It is difficult to draw any sort of solid technical analysis conclusions off a trend less than 2 months old and at it's peak volume in USD, was only 35,790 coins.

No but gold and silver would be a good comparison, countries hoarding, people buying coins etc for a rainy day... Gold got up to 1900 USD an ounce a year back, now its what 1400 there abouts. Something that wasnt ment to happen. Also you cant tell me Apple doesnt have a business plan. 

Hmmm I spose we shall see... we shall see...

Maybe I'm just unimaginative, but I think exchanges are inherently centralized to some degree.  This could be for no other reason than the regulatory burden of traditional currency transfers, or it could also be the only suitable way to accomplish exchange transactions efficiently.  I don't think you'll ever see a P2P exchange mechanism for traditional currencies.

I agree

Haha I remember all the same sort of talk during the year 2000 share trading bubble burst. Every type of share was going up especially technology shares. Tech companies were paying 60,000 GBP per month to rent a tiny space in a building on The Strand in London, they all were signing contracts for 3 years and more. You could buy 100 pounds worth of shares and watch them double triple quadruple within a week. Times were booming...   ... then the bubble burst, alot of people lost alot of money - I heard in the US a few people went ballistic and charged into investment banks/brokers killing people. In London (I worked in IT at an investment bank) I saw investment bankers sweating/chain smoking and getting fired because of the amount of money they had lost.  I remember loosing $40,000 USD overnight then $20,000 the next day my shares then amounted to nothing over the period of 2 weeks. The tech companies Id backed went bust within 6months. Didnt matter too much as Id only forked out $1000 USD in the first place. But I see the same sort of feverish talk - will be worth 300, 400, 1000 dollars by the end of the year. Woooohooooo. 

Its a matter of getting out at the right time. Dont get greedy or youll be a casaulty of the bubble bursting just like I was back then. phew luckily I hadnt put my house on the line as I saw other people do.

I know people will shoot this down - but I have seen it time and time again since 2000. Ultimately you are the captain on your own ship...

It's currently retracing. Broke 140, so we should see 160 next. If it pierces that, then 180. Trend is definitely bullish, but also lots of scared folks out there....MtGox is not well capitalized in my opinion, and will have challenges.
Bitfloor is gone, who's next?

yep i agree this thing is just to smart for smart people to not invest.

ya i was thinking of putting more into it myself, even though my avrage is 150 per bit, (the ones i bout at 12 i spent.......if i only new!!)
but was like na i better wait....damn i would have made some money allready.

I remember buying like twohundredfifty worth of btc and getting like 58 coins,aughhh i spent them...not knowing what i had. happy it went up a little but not enough to think it would rocket up. had no idea i was holding 8,120 man it tought me a lesson. now i have those coins back but not after spending just under that. did buy 10 at 230.....yaya i know but it did go up another 36 from that but since coinbase doesnt relise your coins till a week later i was kinda screwed.


anyways this bitcoin thing is going to go out of sight like 850 by years end. ya i said it. but im thinking more like 8500 in five-ten years. call me crazy but thats my opinion.

^this

should have bought more last week

I was hoping for a quick dip ino the 70s this week then I was going to buy. But nope. Should have bought when it was below 100...

I foresee a $400 or $500 price tag by the end of the year, because we will likely see other Cyprus-like incidents where government encroaches on citizens' money rights.

BTC are generated at a (mostly) fixed rate, with the mining difficulty increasing or decreasing depending on the total mining power devoted to mining at the time.

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.

I'm pretty sure many people are looking at it both ways, ironically enough ;-)

If you fail to get larger investors into BTC, the volume and liquidity will remain anemic and the project won't go anywhere. Eventually, if big money enters the market, you will probably see leveraged trading accounts, hedges balancing between precious metals and btc, ETF's, small banks accepting conversions/issuing btc atms etc. Right now, if you look at the volume of any currency base besides BTC/USD, its pretty sad and that won't improve with a bunch of people buying and holding or purchasing little (in the grand scope of things) stuff online. If you get some VC's with some cash to burn in a new concept like bitcoin -watch it explode (it will probably make all home miners a thing of the past, but like gold, i don't see a whole lot of pan-sifters in the local river these days). When a market goes up and down $50 a day, you're dreaming if you don't think people start to see dollar signs. Even the most independent thinking, anti-establishment, anti-centralization thinking person has to eat and probably dislikes his or her day job. Not to mention, by the laws of supply and demand, if the market dynamics stay exactly the same as it is now, with little to no institutional investors, yet the monetary base continues to expand, where's all this price strength coming from? I can't buy gas or a sandwich with it yet so you're going to need some heavy hands to inject this thing with the juice needed for the next leg up in the absence of broad consumer acceptance on such a short timeframe.

inevitable. That is human nature.

I totally love the p2p nature of bitcoin, but I also want to say that if we use them the same way as $ (in other words trying to screw the whole planet in order to get as much as possible of them) we will mis-use them the same way as we mis-use $.