Bitcoin Forum

did you buy a bitcoin today? or maybe yesterday?

Idk does scalping the volatility count as buying?  ;D
In case it's not, count me in for the latter option.

What? no yesterday, today and maybe tomorrow too? ???

so who is buying all these bitcoins? the banks? :P

you mine it , sell it , and you buy it.

I said no, then went buy some. How come I can't change my vote?

Oops, misread, "or maybe yesterday" made me click yes before reading all options.

To escape the dilemma, I bought a few more. Now I'm certain my answer is correct. 8)

Everyone is just waiting on one big move and ride that train. Where are themanipulator's, this scenario is easiest to take advantage of lol.

Each time someone buys Casascius Physical Bitcoins I am buying a couple bitcoins or more.

I charge BTC for shipping, I pay for the shipping with USD, and am not exchanging the BTC for USD.  So in effect, I am slowly buying BTC for USD with each sale.

Once i find a job, a portion of my paycheck will be converted to bitcoins.  Maybe 10% or more.

No, I bought about 5 bitcoins last March.  I figured, if the bulls are right and they reach a valuation of $1,000,000 per coin, then I'm fine with my initial investment.  I also figured they're probably wrong, which they are being proved at the current time.

I haven't sold them, and don't plan on it!

Bought one, and sold one.  The market is dead at the moment.  Little volume, no price movements.

Never bought a single bitcoin, all bitcoins I am having are self mined.

As a miner, I am selling my daily income because the margin to make profit is very slim. I can't take the chance of price dropping again even a little and taking the little margin I have taking me negative.

It's just way too unpredictable for me now and price percentage swings have been getting higher as we make lower dips making this risk even greater. I won't have any risk losing money mining this way for the time being.

I'll be completely fine with buying back in at $5+ in a confirmed rally situation to take my share, rather than risking my money @ $3 now in a long term decline trend trying to find bottom. I can wait til things change in the other direction though.

I might get flamed for this, but you can transfer your bitcoins to bitcoinica and use them as collateral to short more bitcoins  :D

Ahhh the irony, lol

*Sighs*

If what you say is true, the correct tactic is to delay the rally and secretly buy as much as possible at low prices.

Why does everybody believe some idiotic buy-high-sell-higher rampage manipulator would be so very effective? You always try to buy low, a rally *while* you are buying is bad, it should happen only afterwards. Otherwise, how does "the manipulator" (I'm so tired of that nonsense) get his volume through?



I want to commend your tactic. It is one you can't regret, but can make money with. If more people would think that way, Bitcoin would gain support without high risk for anyone! Your rough estimates are correct, you're certainly on the good side of Kelly's Criterion, which means not betting too much of your money, and on average, that tactic gives good returns. Though waiting for 1MUSD per coin is probably overdoing it. ;)

As things are, I recommend that people who don't feel to do serious speculating still buy 20 BTC or so. It's not something to cry about if they're lost, the innovative project is supported, and it gives them good profit if Bitcoin happens to survive.

The difficult thing with bitcoins is that it is difficult to buy them at first. Especially with euro. And when you do you pay too much for banks, exchanges etc. otherwise i would buy right now 200BTC . But i dont want to pay 15% or 10% or 5% at first....

I got payed 20 BTC for a thing I did. Does that count?

I just sold at $7, kinda regretted it and thinking of buying in.  But the prices haven't drop much.  Seen bitcoin at $2, quite hesitant on whether to buy back or not :(

Nah. What with one thing and another, I haven't had the liquidity to join in on this rally.