Bitcoin Forum

Is anyone buying bitcoins at the current selling price? And if so, how much?

I would buy about $50 worth if someone was selling.

I am. I am also in bitcoin at a few different price levels down to double digit, so I am increasing my position a little at over $800

if you are bullish, its always a good time.

You could always check out LocalBitcoins (http://bit.ly/buybitcoins)

FYI
inputs.io, bips, the australian and the czech exchange just got hacked,
that's 3 cases totaling around 9000btc in less than 2 weeks.
i would not risk buying at this prices even if it rises to 1000 or more
just look at the charts...

I don't have any fiat available right now.. but even if I did, the indicators aren't quite in line at the moment. Waiting for StochRSI, CCI, RSI to all be in/near the blue. At least 2 of them need to be.

Bearish divergence in RSI, Ultimate oscillator, CCI.

+1 to this.

Also, even if there weren't any hacks recently?  The price of bitcoin has more than doubled in two weeks.  Two weeks ago, bitcoins were going for $350.  Now, according to Bitstamp, they're $810.  I'd buy if they go back down to $200 - $300, but at this price, it just feels like a bubble to me.

"Is anyone buying bitcoins at the current selling price? And if so, how much?"

I actually bought 36 btc last hour for about 810. I consider myself bear in long term, however... this bubble is not yet over.

EDIT: Sounds like fairy tale now. The time I had thirty six bitcoins... I my, what helluva time was that!

No, certainly not. And if I had more fiat to spare, no, certainly not.

Last time I bought at ~$600 and my another weekly wire will be deposited tomorrow, but I'd better wait for a few days. It seems euphoria is over and I hope to get a little bit cheaper than it's now.

I might

Still figuring out how much I can spare

I bought in in April 2013 at $60-65 each and am still holding.

However, I recently purchased more on top of what I already have. I bought in at $777 with $6600.

I am either very stupid buying during the peaks and about to crash, that or a smart move and we are about to head to $1200 and new territories.

Either way, I am holding to the end until 2018.

For me, it is do or die. I could have cashed out my $60 coin investments and sold at $900 making over $20,000 + the Litecoins I've mined since the beginning. But I didn't. I believe in this.

Ideas are bullet proof.

Yep, they are still very very cheap if you are a believer...

No. Too expensive right now in my opinion, not saying BTC isn't worth over $800 but I never buy when prices are near an all-time high. Plus I'm quite certain the price will go down to $500-600 range again at some point.

Nope,  Im good right now. I bought some at around $200, and have just been accumulating some free money right now.  We'll see how long that keeps going for!

Unfortunately, Yes.  We bought one over $800.  It is really painful buying them now I might add.  We have bought some at various stages since April but had no money in the Summer due to an amazing vacation (that I do not regret because the kids will only be young and able to enjoy trips with us for a short window of time) but that said, the hardest part about Bitcoin is that it still takes fiat invested (even for the miners) to get BTC.  BTC does not grow on trees people!  ;D

It grows on blockchains.

somebody must be buying.  No demand for BTC loans on bitfinex, lots of demand for USD.

We could go up to somewhere above $1000, but I don't see this as a high potential upside right now. Bitcoin is a risky investment, and at this point in time I don't see the rewards being consummate with the risk. There's a real risk we're on the verge of mass hysteria and subsequent bag-holding. Another bubble could be a long time in the coming if so.

Fine to hold, but eventually holders will become impatient and want to increase their stash. They do this by dumping.

Might make sense to buy a little all the way down, but it's less risky to wait for the bottom to be in and buy on the next upswing -- it will probably be cheaper.

Christmas isn't traditionally a strong buying season, so the bottom may come early next year sometime.

Of course, I could be totally wrong. But to me this is as much about managing risk as going balls-in.

Pretty happy buyer at the moment despite the prices. I'm not putting all too much in, but I don't expect to have a fortune in this currency at the moment.

I'm planning on buying more in a week, whatever the price is.

Reason: Nothing to do with fundamentals or predictions. It's just that CampBX will be accepting ACH starting Wednesday and I can't be arsed to mail a check or a money order before then.

In fact, I've never really thought about fundamentals, predictions, time to buy, current market conditions, etc, I've just been buying bitcoins steadily and regularly in small amounts for over a year. And I've been very successful doing it this way. I don't buy in huge chunks because then I'd have to worry about whether it was a "good time to buy" or shit like that.

Some people lose money when they think too much. I have a few friends who had been holding out since $100 "waiting for a dip." One bought in at $250 and one bought in at $600. What a dumb strategy. Wait till price rises higher to buy. If they were too worried to buy all-in at $100, they could have bought in with 10% of of their fiat at a time every week and they'd make much more than they would by waiting a month.

Thats why the public will embrace btc it is very safe ...

I am converting LTC to BTC now that the rate has jumped 20%...but as for exchanging fiat for BTC?  No, not at these prices.

Yep.  Go big or go home.
Invest everything you're willing to completely lose.
All or nothing.
Fuck mediocrity.  
That's how I approached Bitcoin in June.
I was sick of my money sitting on eTrade doing absolutely nothing for months, and months, and months, and months, and months ....
One goes up ... three others go down, cancelling it out.  It was the most frustrating bullshit on earth.
Im not a stock guy.  I'd rather put all my money into a mildly aggressive SEP IRA fund with 80% stock holdings, just keep depositing to it, and not watch the balance.
I eventually like what i see every time I do check its progress.
Then came Bitcoin and I went balls-in ....

I put in $1000 (all I could afford) at current prices for 1.25 total coins couple days ago.

I was bearish the whole way up from $200 to $800 and only made about $100 off 3 coins I got at $200 around october 15th. sold them at 205 after the 150 mini crash a couple days later, then was in disbelief that the price would keep going up. Bought 2 more coins at 400, sold at 415 thinking it was gonna crash. Bought a coin at 500, sold at 515 thinking it was gonna crash.

Now my few coins are in paper wallet where I can't panic like that anymore, I got hurt so bad trying to day trade

edit: I still made money on the way up so at least I didn't do as bad as that kid on reddit losing his family inheritance, still, lost out on the opportunity of this huge run up

edit2: been sitting on a 5970 graphics card since 2011, came across bitcoin when my graphics card fried and was looking how to repair it. Thought nothing of it.

edit3: grandma asked me about bitcoins in January 2013 and I told her it was probably nothing. she passed away in March and then we all know what happen in april!

hindsight is a bitch!

Wow there are still long-term bitcoin bears alive? Rare specie :)

There are plenty of bulls wearing bear costumes running around praying for a dip. But they're not really bears. I'd love a dip too, but I hate wearing costumes.

i'm out, this price requires bigger players

I just won't buy at these high prices. I can't see how anyone can honestly go out and buy at $800 right now.

Every once in a while, I will buy another small fraction (.05) on coinbase. But I am done investing any major money now. I am bullish, but feel the speculators are really ahead of the infrastructure right now.

Wow this thread shows ppl still set their mind of one whole coin....

You ppl know you dont have to buy one coin right?

LOL you know eventually btc will be over $10k right? Who would buy one coin? I'm sure ppl will buy mBTC

Problem is infrastructure will ALWAYS be behind. Once investors from WS come to bitcoin, its price wont stop going up.

Good thing is technology also evolves fast enough to push infrastructure enough to raise floor support.

people have to realize that it will be increasingly harder to get coin "for free" in this market
after all 800 may be not so bad price, albeit to be honest I am not buying right now

Based on responses here. It seems most people are simply not buying. I am very surprised that the price is holding so high when most people think that $800 is too high to buy.

I personally bought .01 bitcoins as a test recently. But I wouldn't call that buying.

Edwar, sounds like you dumped your coins early and being left out.

Are you trying to look for comfort? I can pad your back for 1 BTC.

Probably even less people are selling. We had huge publicity, some serious money is coming our way that holds no coins at the moment. We are not growing because of these 0.1 BTC buys in these thread.

Not looking for comfort but honestly a stable price.

Since that time I have more fiat dollars and am in a position to invest some of it. May invest in some non-bitcoin investments that require bitcoin and don't want to take a loss when bitcoin comes crashing down.

Well i can answer my own question now



Its ok Edwar.... just dont be a bitter loser and go bearish due to this. We've got tons of this in here.

How can anyone says that he wants stable price - not possible. Bitcoin logical limits are somewhere between $0 and $1M. Now tell me the right price that everyone will be comfortable buying and selling for months.

IMO the whale who bought some 4k - 5k coins on Gox managed to transfer his coins to Bitstamp, and has a 2k sell wall there.

Not true. The wall was there even before buying.

Well , I am .
Not large amounts (in Btc) but I still bought even during these last days.

"hacked".
And I've seen worse than that.

In fiat terms?

I am all fiat and not buying at the moment.

I think the 800+ price is top dollar and won't be sustainable in my opinion. The world has been saturated by good news recently regarding bitcoin and it's still sitting in the $800 mark. I don't believe we are going up just because people want to see an ATH. That will happen eventually and it will be natural and much stronger than just now, with less blind greed and speculation. When the price drops from this emotional-choo-choo we are on just now then I will buy, maybe $500 but hopefully lower. If I 'miss the train' then so be it, it's not the end of the world, which some people on this forum fail to appreciate.

Maybe the wall belonged to someone else, but the dump of 1.7k coins on Bitstamp is real.

The 1,5k wall was dumped, that was previously at $838 and placed before yesterdays gox buying spree (so it was not buying at gox selling at stamp).

I think we are in the awareness phase now. If so, it is only natural that the price rises faster than it used to. In which case, still no bubble.

Not buying Bitcoins atm
Changing some for Litecoins
I wont buy till we get to a stable price (a month with a +/- 10% fulctuation price)

I think most people on this forum got in at much, much, much lower prices. So this doesn't really tell us anything. This game is for the fiat whales, now.

You realize you could end up looking at "10k stable", right?

I think people who buy now hold. The be aware that the price could fall down. Like the 266$ high in april. So they will say to themselves: "Ok, when I buy now, then I hold at least one year"

No. That was caused by very specific circumstances which are no longer present. Stop saying that. (yes the price could fall, for any number of reasons, but not "like back in april". its just dumb.)

I'm telling my friends it is a good buy at less than <800.

BTC will go down. But not a massive amount.

But buying anything at the All Time High is a bad idea. Socks, snacks, or Sexcoins, whatever.

I WISH I had bought at the ATH in the 500s. I'm going to buy more TODAY, less than I'd like, and a week from now I will be reading about people who wish they had bought at $1000.

Waiting for a drop is a fool's game for b&h, and so is trying to play the market unless you are at least a 6-dan Memphisian oracle.

We may see $799 again. That sounds reasonable.

But what if the following happens? ---> what if we consolidate below $1000 for a day or two. Then we break out to $1050-$1100. Then we correct back to test $1000. Then we inch up slowly, then gain momentum and then eventually get to $1600 (10k CYN) and we crash correct back to $1050. And then we start going up again.

And what if from now on out we just have corrections instead of crashes? If this happens, we might not see $799 again. Because $799 is below the last consolidation point.

Waiting for a drop means you might be forced to buy even at higher prices because I expect following weeks increased demand.

Exactly  ;) major reason bitcoin got so popular was influx of speculators, who saw product with potentially unlimited demand and very, very inelastic supply. Volatility might get managable over time, but it is not going anywhere. It is part of what bitcoin is.

Seems many buying Bitcoin now, regardless of the crash FUD last days.

I like your idea, however it appears that we won't get a stable price for quite some time. It will go up even further, then crash and oscillate for a month or two before stabilizing.

Yes, only hard to say how high it will go before correction. There is no reason to believe such high BTC/LTC is going to increase even more ! More likely BTC/LTC is going to drop

Here's a counterpoint to those who say that bitcoin will keep going up indefinitely: http://pando.com/2013/11/26/bitcoin-you-have-a-china-problem/  China is probably where most of the new demand for bitcoin is coming from right now, so if this guy is right, bitcoin could be looking at a pretty serious correction.

That said, I'd take the article with a grain of salt.  People in China have very few places to invest, local stock markets and the real estate markets being pretty much the only places - and they don't have much of a stock market there, unlike in the USA.  Partly because of that, their real estate market has been overheated for years now.  So it looks like they're looking at Bitcoin as the next big thing.

Great post and a good article. It further confirms my #1 cause of the current bubble crash could be China. It really is a sensitive political country and bitcoin is tickling the dragon right now. Not enough to incite them to act but the bigger bitcoin grows the bigger the chance of a ban. It happened with QQ (sort of) and I can't possibly see any alternative for bitcoin if the Chinese see a dip in their Yuan use.

Governments (aka "they")--whether in China or the USA--are not cohesive organizations.  They are a bunch of people with varied goals and ambitions following the "party line" because it is working for them.  If it looks likely to stop working, people want to transition stealthily to the winning team.  The winning team could very well involve bitcoin.  

The people in China that could best apply the benefits of bitcoin are the same people that have sway over the rules.  What we are seeing with BTCChina is free-thinking individuals deciding to invest a bit of money in an escape hatch.  As the eye of the dragon turns towards bitcoin, it simply means that more people with lots of money will have the chance to see the benefits it offers to them and their families.   Even if the official party line becomes "anti-bitcoin," there will be such a vested interest in BTC behind the scenes that any meaningful crackdown would be neutered.  

I bought from $70 all the way to $700, after that my deposits went into LTC- then NMC.. I think I will keep throwing a few hundred dollars into alt coins when some of them are still pennies/dollars..

I for one have stopped buying: I cannot enlarge my stash significantly with what is leftover from my paycheck and I have better uses for my money now.

I personally buy no matter what the price is. I just tell myself Bitcoin HAS to be worth more next year than is is now. That alone helps me just dive right in. Im more scared about letting a life changing investment pass me buy than actually losing and fiat value. I have more fun here than the casino anyway.

edit

My recommendation is also set to buy.

I dont buy now, I waiting if the correction really comes so I can buy cheaper.

Oh it will correct alright. To maybe $7000. And then back up a week later.