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Title: Price going up? Post by: gondel on May 23, 2014, 04:18:45 PM I was thinking of buying something more expensive, but i see price of BTC is going up recently. I am not sure if i buy this thing now or wait a little to see if the price is going upper..it is a little greedy of my site, but i am going to spend all my hard earned coins for this. Any suggestions..what to do?
BR, Gondel Title: Re: Price going up? Post by: lynn_402 on May 23, 2014, 05:44:51 PM I was thinking of buying something more expensive, but i see price of BTC is going up recently. I am not sure if i buy this thing now or wait a little to see if the price is going upper..it is a little greedy of my site, but i am going to spend all my hard earned coins for this. Any suggestions..what to do? BR, Gondel I think you should buy the thing, since it greatly helps Bitcoin's credibility as a currency when it is actually used as such. Your purchase would help with the long-term high valuation of Bitcoin. Title: Re: Price going up? Post by: RodeoX on May 23, 2014, 05:45:01 PM Assuming you are spending at a rate higher than you bought, you can't go wrong. Sure, they may go up more and you could lose out on some gains. But you are still profitable now. You could even replenish the coins your spending and repeat the process over and over. That's what I do. Buy coins ----> spend when they go up -----> buy more coins. :)
Title: Re: Price going up? Post by: boraf on May 23, 2014, 05:51:15 PM Sell while you still can. Bitcoin is going to die. Why are you here? Title: Re: Price going up? Post by: nickenburg on May 23, 2014, 06:09:34 PM I dont know how you define expensive.
But I think you should buy something nice for yourself sometimes. And if you have enough bitcoins so you dont spend everything. I would buy something nice for yourself! Title: Re: Price going up? Post by: Ron~Popeil on May 24, 2014, 05:19:34 AM Assuming you are spending at a rate higher than you bought, you can't go wrong. Sure, they may go up more and you could lose out on some gains. But you are still profitable now. You could even replenish the coins your spending and repeat the process over and over. That's what I do. Buy coins ----> spend when they go up -----> buy more coins. :) I do this quite often. Anytime I plan to spend any I buy an equal amount in fiat first so my stash never goes down. Title: Re: Price going up? Post by: Benjig on May 24, 2014, 05:47:22 AM I was thinking of buying something more expensive, but i see price of BTC is going up recently. I am not sure if i buy this thing now or wait a little to see if the price is going upper..it is a little greedy of my site, but i am going to spend all my hard earned coins for this. Any suggestions..what to do? BR, Gondel I recommend that you do not spend all your coins, even if its important, save some, in this times a rally can take place very quickly and you would not have time to buy back.. Title: Re: Price going up? Post by: Ron~Popeil on May 24, 2014, 06:00:28 AM I was thinking of buying something more expensive, but i see price of BTC is going up recently. I am not sure if i buy this thing now or wait a little to see if the price is going upper..it is a little greedy of my site, but i am going to spend all my hard earned coins for this. Any suggestions..what to do? BR, Gondel I recommend that you do not spend all your coins, even if its important, save some, in this times a rally can take place very quickly and you would not have time to buy back.. That is why I always buy right before I spend. Lock in the price in case of a rally. Title: Re: Price going up? Post by: Hazir on May 24, 2014, 11:27:46 AM Let's wait for a week or two. Bitcoin success can only be measured by its use as currency, not by the rise on its price. If this trend is natural, moved by an increase on the demand, then it will continue going and eventually stabilize, since people's money is not infinite.
Title: Re: Price going up? Post by: bitsmichel on May 24, 2014, 11:42:51 AM Quote I was thinking of buying something more expensive, but i see price of BTC is going up recently. I am not sure if i buy this thing now or wait a little to see if the price is going upper..it is a little greedy of my site, but i am going to spend all my hard earned coins for this. Any suggestions..what to do? I have been following the market for a while. The price is low compared to the last 6 months https://blockchain.info/charts/market-price (https://blockchain.info/charts/market-price) Title: Re: Price going up? Post by: negafen on May 24, 2014, 05:59:14 PM Bitcoin success can only be measured by its use as currency, not by the rise on its price. Yes. And bitcoin can be adopted widely regardless of its price, be it 1000 usd or 1 usd. Title: Re: Price going up? Post by: Benjig on May 24, 2014, 06:15:29 PM Bitcoin success can only be measured by its use as currency, not by the rise on its price. Yes. And bitcoin can be adopted widely regardless of its price, be it 1000 usd or 1 usd. If the price skyrockets too much there will bee in the news and tv so the people will buy it but that is correct we cant see a $5000 price until it converts to a real form of currency, in fact one that you dont need to transform back to fiat like today. Title: Re: Price going up? Post by: gentlemand on May 24, 2014, 06:16:27 PM Bitcoin success can only be measured by its use as currency, not by the rise on its price. Yes. And bitcoin can be adopted widely regardless of its price, be it 1000 usd or 1 usd. If buying one very nice house swallows the entirety of bitcoin's market cap, then wider adoption is going to a little tricky to pull off. Title: Re: Price going up? Post by: GogglesPisano on May 24, 2014, 06:38:35 PM I definitely think it is going up long term but we could be in for a short term bull trap here.
Title: Re: Price going up? Post by: sabreezie on May 24, 2014, 07:42:27 PM I definitely think it is going up long term but we could be in for a short term bull trap here. There is always traps and IMO some bump dump happens thanks to big players Title: Re: Price going up? Post by: Wilhelm on May 24, 2014, 07:49:05 PM I definitely think it is going up long term but we could be in for a short term bull trap here. There is always traps and IMO some bump dump happens thanks to big players +1 there will always be people waiting to sell once they finally get to a profit or break even point. If we get to $1000 alot of people will sell since they have been waiting to break even since the last ATH. Title: Re: Price going up? Post by: Benjig on May 24, 2014, 07:52:44 PM I definitely think it is going up long term but we could be in for a short term bull trap here. There is always traps and IMO some bump dump happens thanks to big players +1 there will always be people waiting to sell once they finally get to a profit or break even point. If we get to $1000 alot of people will sell since they have been waiting to break even since the last ATH. Yes, always the last ath is the most difficult barrier to break after a back bounce, 1000-1200 is like the 200 barrier in late 2013 it lasted there for like an entire week before destroying |