Bitcoin Forum

Please say "yes" if you are still buying and "no" if you are not :-)
(Lets see how many people of this forum are still buying)

no

Yes.  Putting a hundo in every paycheck regardless of price.

Yes.


I am and will continue to buy my usual amount a week.  Friday I bought 1.25 (i know, not much) on Friday and lookie, I'm up by a bunch already.

Bought my first one today (tested it out first with smaller amounts), just decided to do it after days of contemplating. It was around 97 at the time and I expect it to reach 110 today, so why not.

Let's put it this way... I have fiat ready in mtgox to pull the trigger in the next dip :) Whenever that might be!
I dont want to be unprepared when the next dip happens and not have fiat available..
but I'm locked and loaded!

No.

I've been in here speculating since 2011, why would I buy at the by far highest price ever?

Why people do it, I can only guess. I doubt it's because Silk Road suddenly had a demand surge. Probably, the rally is being caused by comparably inefficient speculators. Certainly not my kind of game to play.

Yes, go long on leverage at the dip bottom, and but with the fiats earned.

I'm dumping a few grand into the next dip as well. Course I will be kicking my own butt if the price hits $150 this week.

Nah...I'm waiting until we get down below $2 $5 $10 $14 $20 $32 $47 $56 $74 again, like these wise "investment experts" keep promising will happen.
/allinalready

YES

Yes. If I spend a BTC, I tend to buy two.

Um... because the BTC is still undervalued relative to the USD and will just continue reaching new highs until it reaches that true value?

No, I finished going all in at $22.

Yes.

When I want something I can buy with bitcoin, I buy twice the bitcoin I need, spend half on whatever it is, and stash the other half.

Nice

YES!

Agreed.

No, just holding coins earned from mining (cost basis around $5). Definitely wouldn't buy at this price, but we could go much higher.

YES

No I'm already all in, but if I had more money to put in I would buy more BTC even at this price as well as some LTC.

I'm thinking I need to go get at least a few LTC.

No, because the only money coming in is based on the assumption they'll sell for fiat at a higher price. This isn't being driven by fundamental value for many weeks now, and it will collapse sooner rather than later.

lol nub talk...

Everyone knows bitcoin prices are totally relevant, people will continue to buy and sell BTC at wtv price....

If you speculate that new  developments in the economy isn't effecting price, your doing it wrong!  :P

bitcoins usefulness grows, the technology improves, new opportunities are presented; But time is short, and every dollar must be accounted for, Buy BUY BUY!

 :)

Edit: oh and, No i'm not buying right now ( i sold at ~20 DOH! -_-), but I'll need a few more... soon...

Agreed. +1

Fundamentals are way different today.

Hordes of speculators.

Also we are bubbling up slower this time, probably because more people are involved. Could also be MtGox lag :)

I blame it on the Gox lag as well :)

Litecoin, the next speculators frontier ;)

Yes...

1 BTC = 100 USD

Financial freedom = Priceless

 8)

When bitcoin went past $10, I got interested and bought. My plan was to sell some at $50 and ride the rest.

When it went past $50, I decided to go all-in instead. I decided that I will buy as many as possible before it is $100.

When it got past $100, I spent my last EUR 10,000 in the exchange, buying more.

Now I have a problem. I still have a lot of value in other than Bitcoin. But the price is kind of high.

Probably I will slow down buying, perhaps to 10,000 per week or so.

But as it goes past $200, I will probably just change my mind again.

Insatiable desire to buy bitcoins...

The question should be: Would you buy at this prices if you're a long term investor or a short term investor?

Long term: YESSSS
Short term: Wait for a dip, it's coming any time this week, then buy and make 20%

My 1 BTC doesn't get entered into my account until later this evening, so I'll have the rest of the day to determine what I want to do.  I bought in at $81, and am considering selling a percentage of my BTC above 100, anticipating it dipping below 100 this week, when I can buy back in with more capital.  If it keeps going up, I'll have still made a profit, and have some eggs left to keep climbing.  Then I'll be kicking myself for not buying now, but such is the speculative game.

Hold, hold, hold!

No, unless I need it to spend it on something.

So far there hasn't been much that I want that would be cheaper or easier to pay for with BTC.

bitspend.net (https://bitspend.net/)  :)

Thanks for this thread.

Short answer: No because I'm all in and need time to recover my pound position from earnings before buying any more.

However I will admit to cheating a little when buying on behalf of friends and family by sneaking a little of my own money in too against my self-imposed rules!

I'm enjoying reading if nothing else because of the polarity.  There is incredulity that Bitcoin could be realistically valued at this price on the one hand and complete confidence that it will march increasingly rapidly forward on the other.

As I was just trying to explain to my niece (who is astounded that the face value of her 10btc Cascasius silver coin just hit $1,000) the price does increase the publicity which increases the price.  That she got.  And if that is the primary reason people are buying - i.e. because everybody else is making money and they want a piece of teh action - then we have a situation akin to Tulip Mania and we'll have loads of people losing their fragile confidence as soon as the price drops a bit and panic selling.

However if because of the increase in publicity and the network effect a significant enough number of those jumping on board are doing so because they see its potential and want whether now or in the future to use it as store of value, as a means of sending money internationally, as a means of buying stuff on-line without the mess of credit cards, as a means of getting their money out of their old banks or currency about which they are losing confident and they accept this may be a short-term peak but are buying nevertheless and are prepared to hold and wait then 'the big dip' if ever it comes won't be that big and won't last that long.

Interestingly also then it matters a great deal to those playing the greater fool game if it is about to plummet whereas to those of us who are thinking long-term fundamental value it matters less :)  How cool is that?

The size of the drop of 'the big dip' and its duration before 'recovering' (if it happens) will simply be down to the balance of the volume of Bitcoin controlled by the 'greater fool brigade' v. the rest of us.  My guess is the longer-term thinkers will win.

Somebody above was talking about his 'primed' fiat on MtGox ready to buy into the dip.  I am grateful to those who do this because they'll have a role to play in catching the dagger and preventing it go as low as it otherwise would.  On the other hand on a personal note I for the first month or so kept a range of orders from a small amount at a dollar below market (when that was a bigger percentage than today!) down to a substantial order at below $1.  I called it my 'crash plan' which was both 'for the benefit of Bitcoin in slowing down the potential crash' but also in the hope I could get more Bitcoin cheaper.  However I soon gave up on that when I concluded the odds of a significant crash are in my opinion too low to be holding that money in fiat so instead I just bought BTC at market price with it!

Just my take in case it is of help to others considering how to play it...

Yes.

I buy the same $ amount each paycheck.

Also, this forum has a poll feature when you create a thread FYI.

YES.

I had a stink bid in that was about 20% below the market value.  But when I saw the price approaching $100 today I bought about $380 worth of bitcoins because I think $100 will be a powerful psychological support level now...

That is not based on anything though.

Kind of.... I bought a mining machine that will mint Bitcoins at this price.  :D

LOL, especially if it only dips down to $120

gox verification queue is said to be 8000...

Same here, load USD and be ready

Just be warned, last time Bitcoin crashed and burned and was hacked. People were preoccupied with cashing their Dollars out.

This time sneakiness prevails a lot of people will leave their cash at the exchange so a big dump might be bought up or the big dump might be a big double dump!

No. Instead I'm buying ASICMINER shares and mining/buying altcoins (mainly LTC, as profitability is awesome right now! http://dustcoin.com/mining)

nope.

Mostly sold out with a token amount still in the game.




....you should have made this a poll.  :-\

yup.

Yes, I do now more then ever

Bitcoin is still probably the most undervalued asset in the history of finance. I am going to buy as much Bitcoins I can as fast as I can.

Yes, bought another 2 today.
We just beat the psychol. barrier of $100. Barring extremely bad news, the coming 1 or 2 weeks surely will only display a steep rise so this is an extremely good time to buy. Waiting for the next dip IMO is not worth it. Very likely, the next dip will be in the next weekend or the weekend after that and will only dip down part of the gain made in the meantime. In other words, even if you happen to guess the bottom of the dip perfectly, it will still be more expensive than today.

Yes.  Might flip a couple to cover bills and stuff but definately feel like picking up more.

Good point, problem is I am still waiting for my Dwolla -> gox deposit. :(

ppl on silkroad will be buying at any price.

Yo...

Yes. I've been dollar cost averaging for the last two years.

Yes.

+1.

That bitcoin is expensive, can only be justified by looking at the price per 100,000,000 satoshi. It was named "1 bitcoin" for convenience a long time ago. As more people adapt bitcoin, it will become convenient to change the decimal place.

By far a more reasonable metric is to price in milliBitcoins: the price just went up from $0.01 to $0.10. It is still a microcap, there is great risk, you can lose everything that you put in, the possibility of a bubble cannot be ruled out, .. But also: to gain actual mainstream credibility, the minimum target is $1/mBTC which is $1000 per BTC.

In anticipation, I will be slowly buying more.

I bought everything I got 2 years ago and have only been playing with that since

+1 hard to let go of some bitcoin when it just keeps going up

I'm really thinking about it the more I read the more I like what I'm seeing, not the price though haha.

nah, they all have accounts already. At least 95%.