Bitcoin Forum

The price is right, so today I transfered money to Bitstamp and tomorrow I will buy Bitcoin again!

As Zhou Tonged said before their video was taken down, Price Down, Pick up!

With everything happening in the bitcoin space plus price being ridiculously low, I ones again for the first time in over a year is buying. Just wanted to let you know about my optimism  ;D

I sold a bunch at $700 before the SR auctions.  Put buy orders in at $200 down to $50.

I'm sorry if it sounded as if I have sold ALL my bitcoins. I have not, not even close. I sold about 5% between $700-1000 (I diversified). But I have not invested any more money into bitcoin for over a year, until now.

Oh ok . Thats great . I still didn't understand the reference of coming back in, if you always were :)

Do you still trust Bitstamp at this point? I would withdrawn all BTC as soon as possible after operating. Unless you are a daytrader imo don't leave a single satoshi in any exchange. Even Andreas has been saying this for ages.

Amen to that. Lost quite some BTC in mtgox because I trusted that their cold wallet is a cold wallet (and does not "leak").

Never underestimate counterparty risk!

Yes, leaving coins in a market = they arent your coins anymore because you dont own the private keys.

Just read a bunch of threads named "it's over, i'm out" and now we have "i'm in". What a great example of a typical market action.

Probably made to look that way. After all OP never sold his coins...

What? If you're not safe to store your money in a Slovenian bitcoin exchanger, where can you store your money!?

https://www.youtube.com/watch?v=k-YPZdZD-0A

I'm back in the buying game. Not just hodling but hoarding!

Lol, Good catch. Well, its a critique/joke but its better than no publicity at all. At least a lot of the Jimmy Fallon audience may google Bitcoin and learn from themselves.
Im seeing too many jokes about Bitcoin lately in mainstream media tho. It gets fucking annoying at times. These dumb dollar loving cunts will not know where its coming from when shit hits the fan.

Good for you Spjuth!

Too many "I'm out!" or "Sold all my Bitcoins" or "Bitcoin's dead" yada yada threads.

Good to see an old soul come back into the fray, and reinvest into Bitcoin.

Welcome back!   ;D

So the dust settled around $215 and people are buying in again in droves expecting the price to rise. Where is the catch?

If everyone buys expecting the price to rise, then it will rise, won't it? Isn't that how supply and demand works?

Only to get dumped again when people can take their 10-20% profit.. ;)

welcome back, why on earth did you ever get out, with taxes and all.

Thanks! I have bought at the bottom (or close to) of every crash. I love those times!
When there is nothing wrong with the fundamentals/nothing has changed but everyone is panicking, I know it's turning towards buying times.
When everyone is depressed and calling the end of bitcoin, it's time to buy.

Most people are driven by irrational feelings. When price is going up, they see the quick buck and will buy. When price is going down, they cry themselves to sleep, wondering why they did not sell earlier. I see it as if you act the opposite way, you will gain.

A friend asked me at what price I will sell my coins. I answered him never. At the price point where I can think of selling my coins, they are at a level where everyone accepts them and there is no longer any need for fiat currency. At that point no one will talk about selling bitcoins, since they are the base.

I know it might seem strange that I feel exhilarate at these times when bitcoin price is at rock bottom and a lot of people, including me, have seen their assets diminish substantially. But I always try to see the opportunity, the rest is out of my hands.  :D

Finally some of my favourite quotes:
“Buy when there’s blood in the streets, even if the blood is your own.“ - Baron Rothschild
"Don't buy when everyone else is buying. Buy when everyone else is selling." - Warren Buffet

Edit: wrong quote.

yes, in theory is to go up yes .... but in practice (in my view) just waiting.

LOL. good one ! He is right :)

Yep, I am also adding some btc here, prices are attractive

Welcome back! Just to let you know that I also bought and increase size of my stash a day earlier. Nothing big just some small amount. Hopefully we can see the price picking up soon.

I never backed out. I stood to believe that price drop was just a mere hiccup, and with time it will fade away. The price roll is coming pretty soon.

lets hope you are right because after reading this thread i decided to buy some more coins

3600 coins/day mined. That's $22 mil/month. These prices can't be sustained long term.. we go lower! I wouldn't touch it over 50. Actually have short positions on it myself.

You are gambling really hard at such low prices. Don't be surprised if you miss the train, even tho double figures are very possible, but 50 is IMO pushing it too low.

It's not a bad spot to be in right now for entry into Bitcoin
Whether it will repeat a 2013 crash from 290 to 90 I doubt
So hehe old peak is new base  ;)

Lol..yeah as long as you have Bitcoins in possession..! You r still IN.!!

But if there will be enought demand then it will eat these dumpers ;) as most of them probably already sold if they had weak nerves.

me ..not in ...not out ...just mining....just turned the knc 567gh jupiter off even with heating the bsmt at 15c kwh and these prices
it does not pay...so now just the knc titan scrypt miner 300mh (not my best investment choice)

so mining to me is what coin you can get .....turning your miner into a doorstop

er....maybe ....need to change that strategy...but the jupiter lasted from oct 18th 2013 till jan 18th 2015.....so run this knc titan nov 8th 2014 to
'mining to doorstop' out as long as possible...good to have goals and they do make 'nifty' space heaters don't ya know (sigh!)

from now on ..except for maybe some really really small 'baby' miners for fun.... www.coinbase.com is my friend.....and will do as you are doing...

so me no $$$ to buy ..just 'farming' away and depreciating the equipment to doorstop status....good to have goals..... FML heh :)