Bitcoin Forum

I wanted to start a poll to see how long you will wait before you consider to buy bitcoins?

right now 2.2 looks good to me

I buy them at a variety of prices all day long. I just make sure to sell them quickly.

Buy a bunch then.  Let us know how many you buy and for what price so we can see exactly how much value you lose over the next several days/weeks/months.

I love to buy some right now but the procedures for buying is so troublesome :( .

i hate this omg i bought so many bitcoins at $30 i have literally nothign now, i took out of my 401k, i took out of my savings just to fund this

Things may not be that bad, what goes down will come up and vice versa.   The huge decrease may be due to the market digesting the $30 a coin bubble, who knows it will be up soon?

please tell me you are joking. please.

fucking a man, cashing out a 401k for bitcoins? that's crazy.

get a good tradebot or (slightly more risky) open up accounts at a couple exchanges, and take advantage of arbitrage, check http://nyse-group.de/bitcoin-arbitrage for opportunities.

doing one or both, you should be able to recoup some of your losses..




bitcoins are a gamble.....never gamble what you cant afford to lose.

I'll tell you who knows. Nobody.
Nobody knows.

bitcoins are not gambling . bitcoins are a currency, just like USD, EUR. i've been converting my income to BTC then buying food with it to support the bitcoin economy but i don't know how much longer i can keep this up

right now I wouldnt want to hold them that long, altho if I had to I would rather be doing it now then a month ago

they certainly are a gamble, at least until some assemblence of price stability happens (which is why you are holding that bag of $30 btc).

but hey, i gave you good advice on how to recoup some of your losses...its up to you whether you choose to take it

Don't do this. Instead, deposit part of the money at an exchange and buy coins only when you need to spend them. The process is instantaneous so there is no need for you to hold bitcoins for more than a few minutes. I also try to shop with bitcoins when I can, but I never hold on to them (except for the money I set aside for speculation).

are there any tradebots that could be recommended for total trading newb such as myself, that could be easily setup with mtgox and other bitcoin exchanges?

I have to assume this is a joke... right?  ;D

i use  https://dnnbitcoin.aricie.com/Default.aspx?tabid=58 (https://dnnbitcoin.aricie.com/Default.aspx?tabid=58)  its free, open source, and works well.

thanks, I'll check it out

how much would you reocmmend for speculation i lost a lot in mybitcoin so i dont really like to keep any in wallet or exchanges because centralisation of a decentralised currency doesn't seem like the best idea

The golden rule of gambling is to only gamble what you can afford to lose. You were greedy and you lost. No sympathy from me.

Im considering just cashing out everything for $14k and leaving it at that, taking a loss on the rest

But it could always go up... in between a rrock and hard place atm.. cash out or hold until it rises back to 30..

you know how stock marktet is.... rule is buy low sell high.. why not buy at 1,5€ and wait for it to go up ... ?

That is a great loss of money.  I can't really see it up or down, but it is only $2 at present, the magnitude of drop is tiny.   The upside can be huge.  Just my own opinion, not for investment advice.

because it may not ever?

look man. you said this was your savings AND your retirement money....cash out, put the money in proper investments. 

seriously man, dont fuck up your retirement...

if you still want to mess with btc, do it with a smaller amount that you can afford to (and dont care if you) lose.

I understand your concern and unfortunately there is not an easy way to get market prices quickly. The best option would be to make regular small deposits at MtGox and TradeHill and spend the coins from there.


Speculation money is money you must be prepared to lose. Bitcoin is a high risk investment so my best advice is: not much and definitely not money you need. It really depends on your experience as a trader, your knowledge of the bitcoin market, if you like to take risks, etc.

At least with the stock market you can claim your losses and write them off.

pretty sure this guy is trolling

I choose a percentage of my 'wealth' that I want to keep in various things.  USD, property, BTC, etc.  Sometimes I change my mind about the percentages I want, and there is a natural ebb and flow to adjust for as well.

So, the price of BTC on exchanges is not very relevant to me.  I decided some time ago that it would be nice to have a certain number of BTC and I've been working toward that for several months.  I finished it up with a bang on Monday morning.  Am I in the red?  No Duh!

I may decide to increase my position to either keep my own portfolio balanced or not.  If the price gets low enough, I may try to get a whole (2011) days worth of BTC just for shits-n-giggles if nothing else.  I've got a weakness for unusual and interesting things.  The current price would have to drop pretty significantly before I do this however.  I'm unlikely to 'cut my losses' as I've mentally written them off already.

It'll probably crash till a month before 2012, then rally.

I don't have a price in mind.  Stability and a strong story for how it's going to be useful are the main things I'm looking for.

You're not retiring tomorrow, are you? So why sell? Freaking out and selling stocks in exchange for bonds is how many destroyed their retirements in 2008, especially since they missed the 50% to 80% rebound that shortly followed.

do you actually give your mtgox login and password to this site?

You can with bitcoin! Technically you are supposed to claim any gains too!
If you trade at Gox, they keep records!

No. You can enable the API key and use that.

What is it with this thread? The poll excludes every person who bought coins in the last five months. Also:

captainteemo registered in August.

Anyways, uhm, my price is pretty much the one we have right now.

my price is around $0.50 or so. Maybe lower.

I think now is a good time to buy.
I think it's not about price, it's about sentiment.

just an update, could cash out now for about 15% profit, not bad for one day(maybe thats two)