|
Title: At what price would you buy Bitcoins in a dip? Post by: Kazu on April 03, 2013, 07:23:57 PM [Reposting this from newbie section because this seems like a more appropriate place.]
You wake up tomorrow (or the day after, or the week after) and some people (it must be the government!) decided it'd be time to take profit and dump a ton of BTC on MTGOX. Ticker is back into the $110-ish range and falling. At what price do you decide to buy, and how much do you think you'd risk, or would you just run away as fast as you can? Personally, I think $100 is a great level to buy at. I'm not saying that BTCs are only worth $100, I'm merely saying that $100 is a level I think that many people will be sad to sell below and is thus a major support for the price. Title: Re: At what price would you buy Bitcoins in a dip? Post by: dego on April 03, 2013, 07:33:21 PM Shouldn't the question be "At what price difference (percentage) would you blah blah blah?".
Title: Re: At what price would you buy Bitcoins in a dip? Post by: Kazu on April 03, 2013, 07:42:09 PM Shouldn't the question be "At what price difference (percentage) would you blah blah blah?". Perhaps, but then it gets too complicated. If the price went up to $1000, I'd wait longer than a 30% decrease to buy it again, but if the price dropped from the current price down to $100, I'd buy as much as possible. Basically, this poll applies during current market conditions. |