Bitcoin Forum

I think that since it has and can go higher than 266 you are getting in at a good price under that amount. obviouly the sooner the better, as we can see today that it is rising quite a bit. say you had just ten coins, for every dollar it goes up you make ten, so if you bout at 100 you have made 435.10. we will continues to see the price go up as we start to go main stream.

for those of you who are just learning about bit coin I would say get in soon. yes there will be ups and downs but hold to at least the last ATH and thenif you sell you will be sitting pretty, but be prepared to kick yourself when the price goes to 500 and then to 1,000. just saying.  ;D ;D ;D ;D ;D ;D

+1
I personally believe that we will be above 500 before the year has ended and probably also before fall. But everybode should know that there are zero guarantees when you choose to get involved in a market like this!!

Yep I can't agree any more, get in now or get burned like a lot of people did when it hit ~260. Too many people are trying to make a quick buck on the daily fluctuations, but i believe if you really want to make some money and just hold it, and its a lot easier than becoming a day trader  ;D

This is going to be huge watch out for $1000 and beyond.

And even the professionals get burnt whilst day trading!

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 !

ha this is so true, when it was hovering around seventy there for a while i made like 4 coins selling high and buying low, well i got burnt bad when it was supposed to go back down and buy and i had to take the losses. i was still about a coin up but ya i decided to just hold till it hits 500+.

I can agree that right now it's still time to get some, but don't put more money into it than you can afford to lose.
And if it should crash, just hold on to them, don't panic sell!

Currently about 4,000 new MtGox clients are being verified a day. As this continues more and more people will be able to purchase BTC. Think of it this way; The 4,000 confirmed yesterday probably had their Dwolla (US) funds clear the Gox today. The 4,000 confirmed today will have funds tomorrow and the cycle will continue as long as people are still signing up and have interest in BTC. I heard the back log is still somewhere around 20,000

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.

Yeah i had that problem too when I finally decided to actually buy some BTC and LTC to hold instead of just mining. And my GOD it's like trying to meet the president without body guards, first you have to get money into a 3rd party, then transfer it to Mt.Gox. And if you want LTC well have fun spending another hour getting those!

Yes it's not easy to this right now.
I think there will be easier ways to get them later on, but that would also mean that Bitcoins are a big sucess (aka too late to get them cheap).

It's greedy, dollar-minded thinking like this that messes up Bitcoin :(

I hope all hedge funds, dollar investors, daytraders, stock brokers, and other scum from the old monetary system lose a SHITLOAD of money. So the only people remaining in Bitcoin are there because they understand and appreciate the ideology behind Bitcoin.

Here's the thing: you shouldn't see Bitcoin as a way to make dollars. You should see Bitcoin as a way to DESTROY the dollar.

When to buy is important, but also when to sell.   It was smart to buy at 200 if you were going to sell at 230.  Right now the chart shows and uptrend but don't be stubborn and hold on too long if it spikes into another bubble.  People say it's impossible to time the highs and lows but sometimes it's easy...most of the time it's not but sometimes it is.

I think attitudes like this suck.
Instead of wishing them all to lose a shitload of money so that only the people left are the people who "appreciate the ideology" are left why not take the time to promote, educate, and convert said people so they too can have a better understanding and appreciation for what Bitcoin really is.
Right now with all of the media hype, the volatility, etc. etc. that is all any newcomer is going to see (Hey I can go make a bunch of fiat currency by buying a bunch of this bitcoin and selling it when it skyrockets) To change that mentality and grow bitcoin one must educate those people not wish them financial ruin. This community will never grow if that was everyones mentality.

Don't be such an elitist.  

I don't think that it's obvious that now is the time to buy

There's a big wave of publicity and interest

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

So it's really very unclear. What is clear though, is that it's likely to be very volatile.

Personally, I'm happy to be invested, but not more than I'm willing to lose.

ha if bitcoin was still at .02 cents then congratulations it would go absolutely fucking NOWARE!!! its the price you pay (no pun intended) to have btc be a success. yes it would be nice to have some stability but at the same time if its stable nobody gives a fuck. it is what it is now. everyone wanted this thing to take off so bad and now that it has you get people like aweeee you cant make money off btc you should only buy things with it. I do believe in btc thats why i bought some. i buy things with them and promote them. the whole concept of a finite amount means that they will become more valuable, yet you hate when the value goes up. if people want to buy some at first to make money then good at least they are getting in the loop of how to use them. good god people like you should just sell all your coins and go live in the woods and off the grid and shoot deer for food and never ever talk to anyone cuz they will actually maybe disagree with you sometimes.

agreed. I wish I had a ton of extra cash to invest, but, you've got to work with what you've got I suppose.

+1 yes! invest what you are willing to loose but be prepared for some gains as well. also don't be so itchy with the trigger finger, just buy and in a year go back and collect or if it drops well at lest it was worth a shot. life is about taking chances, there are investments that are 100% guaranteed to be safe and to get a return. like a cd -two years and you get like 50 bucks for 2000. now with bit, 2000 in two years could be worh two hundred or be worth 20,000 (or more) I personaly would rather take the chance at getting more money but thats just me. also i spend coins every now and then to keep it alive and always ask vender's if they accept BTC. you should too.

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.

Me too. I would like to invest more, but I'm not rich and I need money to live.
I need to be able to shrug it off, even if Bitcoin should crash to $0 .

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 $.

inevitable. That is human nature.

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.

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

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 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.

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...

should have bought more last week

^this

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.

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

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?

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...

I agree

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.

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

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. 

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.

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.

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.

+1
It might hit 300...(fibonacci?) maybe before july allready

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.

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 wonder if price sort of follows difficulty? If so, then yeah its time to buy now :)

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.

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!

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).

when to buy was at 80 but we wont see that again unless sr goes down ....expect 350 by christmas

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.

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.

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.

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.

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.

Interesting, thanks for the info

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.

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...

Thanks for clarifying - that is an important distinction!

 :)agree