Bitcoin Forum

Not pretend to buy with your zero money.  The price you actually take your cash and buy a BTC.  If you have zero dollars the answer is zero you cannot buy, it is not possible.

So if you have no cash the price is zero not $400, it's zero.

Buying. right now.

Unless you're wrong... seriously though, nobody will listen to someone who says they know where price is headed.  The only people with valuable input here are those who talk in probabilities, and only a few of those.

570

where is it ?

According to NASDAQ (http://www.nasdaq.com/markets/ipos/company/winklevoss-bitcoin-trust-909930-72927?tab=financials)
The next SEC filing date of WINKLEVOSS BITCOIN TRUST IPO is 10/8/2014
Is it going to be huge?

Normally, whatever the price is on Wednesday.

I buy, I spend, I buy more. I don't really look at the price.

time to buy BTC is now
buy before its too late

Not buying any until the technicals look bullish with a clear reversal.

I buy a bit every pay as well.. but I don't drop $400 every pay to get one BTC.  You're buying 1 BTC a pay?

I bought 20 yesterday at $390 a piece - seemed like the right thing to do. :-) All my fiat is gone now. Gogogo!

Based on the filing last year on 10/8/2013?  Because they filed on 7/1/2013 and 7/1/2014?

ANY.

gogogo? Someone is dumping hard on stamp. :(

There are rumors that Bitcoin ETF will be open to public on Q4 2014

Buying

Buying daily at present. Bitcoin is stagnating price wise in a sea of good news. Circle is an important on ramp for the masses.

I think the price is being deliberately held in check on the exchanges.

Who knows the future but suppression cannot continue indefinitely!

It's simple:

More Bitcoin adoption = less Bitcoins for more people = demand higher than supply = price rises.
That, times X years X increase in world population - trust in current system = astronomical price of Bitcoin and probably also Litecoin (to compensate for the lack of available Bitcoins, for convenience, faster transaction times, etc.).

In 10 years time, 1 Bitcoin will be worth $25,000 +
1 Litecoin will be at least $500 (previous ATH btc/ltc was 0.05 BTC per LTC. By that logic, LTC would be $1250 if BTC $25,000. So $500 is definitely possible. Hoard. Now!)

The first filing is on 7/1/2013  ;)
It's not over

It's irregular, bank fees dictate I do it lumpy ~€1000 at a time, whenever things look bleak ;)

300

You're short sighted 'trader' view is becoming increasingly more vapid.

1. If I buy coins today, and then panic sell tomorrow when bitcoin hits $360, then yes I will have 6% less fiat.

2. If I buy coins today, and then panic sell in 4 weeks time when bitcoin hits $200 then I will have 50% less fiat.

3. If I buy coins today, and bitcoin goes KABOOM I will have lost 100% of my fiat invested.

There is *no point* selling BTC for less than what you bought them, I'm not here to increase my fiat by buying BTC cheap and selling them for more, because I don't have some misplaced belief that I am prescient.

I have enough fiat, I have a regular income. My life is satisfactory. So I can say with 100% confidence that #1 and #2 aren't going to happen.

If the third scenario plays out, then sure enough - you were right! What's the likelihood of that happening though? I think we have very different risk profiles in this regard. Yours seems to be based on the strongest of all emotions, the emotion most likely to drive man to insanity, the one that so powerful it cause you to do stupid shit like posting all caps on the internet about how big your e-peen is oblivious to the fact that doing so will not make you rich, get you a girl or save the entire planet.

I will lose and you can point and laugh, and I will carry on making my regular income, having my satisfactory life, confident that I made the right choices at the time given the available information to me. I will reflect on what an interesting experiment bitcoin was and what a fascinating experience I had, and how lucky I was to live through such a phenomenon.

Now to rule out the unmentioned option 4 you are going to have to disregard, millions of people interested in seeing BTC succeed, millions (billions?) of dollars of investment in BTC infrastructure, A global economy that is safe and stable enough that nothing can perturb it and that the human proclivity to advance just ceases.

Option 4 is that bitcoin succeeds. The actual price is irrelevant because dollars/pounds/sheckles are what you convert BTC to locally. Your wealth is measured by what percentage of total BTC you have. It seems this concept is lost on you though, because the only thing you see is the market price of bitcoin right now which on your head translates as "OMG YOU LOST MONEHS"

I've been holding BRK.B for some time now, and for a long time I had 'lost money' on that, had I sold I would in fact have lost money. I didn't right now its up, I could sell and make money. I prefer to hold. I think Berkshire can probably put that money to better use than I can. I also held AAPL during the $700 peak. I continued to hold it through the death of jobs, and the supposed failure of the company. Its taken a year (which is actually a pretty short time really) thats 365 days of opportunity to sell at a loss. Here we are right back were we started, at the supposedly untenable high that prompted the sell off. Traders see lines on charts. I see free cash flow through the roof, massive margins, an absolutely staggering cash moat. Zero debt. A company that was turned around by jobs yes, but not so stupid as not to remember the lessons steve taught them. And that dividend....


Anyway. The point is, price is the worst possible indicator of value. There is no chart you can look at to ascertain value. Price is only good for judging sentiment, and as any fool knows the best price corresponds with the worst sentiment. Your fear blinds you to the obvious, your greed cages you from opportunity. You lack reasoning. You lack insight. You lack coherency.

If I am wrong, than anyone with an ounce of reading comprehension and reasoning skills could read what I have posted and see why I though like I did. If you are wrong people will continue to think, as they do know, "what is this guy talking about".

Seriously. Give us better than "omg you will lose money because the price is going down". Treat us to a morsel more insight. I'd love to hear a really rational bear case that doesn't just gloss over everything that is happening right now in bitcoin world.

As much as i can afford to lose.

Any spare cash that I have goes into bitcoin regardless of price.

~ long term investor ~

Well, since I just bought again, I would say ~$375.

$625/btc few weeks back.

Still putting every free euro i can turn into bitcoin right now. It's a golden opportunity i think.

Early adopter. After you are up half a million dollars? Sure. Buy pretty much whatever you want. Buy a bridge maybe

Really nice rebuttal. You can tell he is a troll as he will not respond or engage, just spam the fora with the same propaganda.