Bitcoin Forum

I just read this analysis about $640 being a pivot point. it is suggesting that it is a good time to buy.

http://bitscan.com/articles/analysis/btc-update-9-march (http://bitscan.com/articles/analysis/btc-update-9-march)

He has a great chart showing the pricing trend as well.

I bought 1 btc today.

Short term you may not see huge gains, but long term it is most likely a good price

now it's 622$ so imo now it's good time to invest some money, gl!

You should buy it since its gonna rise :)

It is a better price than $1200  ;D

I think is cheap than buy mining hardware ... reminds me 2 years ago when butterfly accepted bitcoin/dollar then the BTC price has dropped and costumers was arguing that they should receive more bitcoins back for canceled orders then... ;D

We will see mid $500 Bitcoin again soon enough.

http://static.neatorama.com/images/2013-03/funny-t-shirts.jpg

 ;D ;D ;D

I don't know.  I think $5000 is an option too.  That is the crazy thing with Bitcoin.  It has a mind of it's own.  Hence why holding some coins at all times has been a good strategy. 

If you're a minute by minute type of buyer then I don't think anyone can tell you what's what. If you can afford the number of coins you want then it's worth going for a reasonable chunk now.

It's always a good time to buy, HODL!

And not as good a price as $5.

The difference is that it will be $1200 again soon enough, but don't expect to ever see $5 again.

If thinking that is what makes you happy......

It makes me happier to dream of $5000 than to anticipate $500 again. ;)  But I am wise enough to know that Bitcoin can do anything it wants to do.  There is no guarantees in life except death and taxes.

I was arguing with a friend a bit yesterday.  He was trying to convince me that Bitcoin was a gamble.  I was trying to explain that so was putting money in the stock market, in a 401K, in real estate or even just holding it in USD.  All of these things are "gambles."  It just depends on how you look at it.  Another friend said that is why he likes gold and silver.  I suppose of all the other options, it is probably a good choice but Bitcoin really is not as big of a "gamble" as people seem to think, especially for long term holders.

Any investment is a calculated gamble.   If it was a guaranteed thing, then everyone would dump their life savings into it.  I think as time goes on, the variance obviously decreases little by little, but ultimately it is still a gamble.   Most people are creatures of habit, and anything that is different from what is considered the norm makes them uncomfortable, and as a result they talk it down. 

Think we might see the mid 500s again before we pull up again

I thought 640 is a good opportunity to short... and it was  ;D

OK, all of those things are gambles. Even going out to buy some bread can be considered a "gamble" because, if things don't go as expected, one can be run over by a car and die. But I hope you realize that investments like real estate and the very USD don't carry the same volatility and risk of Bitcoin.

Seeing as I bought at $1000, yes, $640 is a GREAT price to buy....

 >:(

just keep in mind: the same question was asked at 0.05 dollar, at 1 dollar, at 40 dollar, at 100 dollar... etc.
and the answer is still the same: who knows? bitcoin could go up if it succeeds. and it may crash down to next to nothing. apply the same rule as for penny stocks: if you throw away money on cigarettes, alkohol, online games and so on, think about investing a similar amount of money into bitcoin. and not a single cent more. don't let greed take over and cloud your perception, bitcoin has still no use today. you just place a bet on a horse that seems to be in good condition, but thats all.

edit:
a more specific advise: during the latest hearings, some were saying they are advising a lot of clients on how to make use of bitcoin within their company structure. i expect some of them to succeed, resulting in a mid-term (6-8 month) rise in btc prices (again, not driven by use of bitcoins, but speculation on what may come next)

It's coming in August!!!  ;)

August?  Can it be a month or two earlier?  ;) 

Are you predicting August based on the length of time between the peak of the last bubble and August 2014 (approximately 8 months)?

I hope you are right.

+1

in about 21-28 days trend reversal.

Might be July, but theres no rush eh :)

One thing, I'd hate to be on the wrong side of the trade at the moment, unsure of when to buy back in.... watching it go higher ... sure that there will be a correction where I can jump in...

Smell the fear :D

I'll be over here sipping scotch. ;)

Right there with you. I don't particularly care if the price jump ten bucks or a hundred in either direction right now. Just waiting for it to hit 1k+ so I can start withdrawing as per the SSS plan. Nice and relaxed.

I have some vacation plans I want to make, as well as a mission trip to India I am trying to fund and if the price goes up before then I will be able to fund both.  Otherwise it will be much harder.

But yes, there is "no rush" I guess. ;)

I think there is going to be some serious resistance when we finally hit the 1k mark again.   I think there are a lot of people holding out and waiting for it to hit 1k so that they can sell at a profit, or break even if they bought near the height of the market.   Psychologically $1,000 seems much higher than a price in the $900s even though it isn't much of a difference...

I wouldn't buy anything now. there is loads of btc just waiting to be dumped at the right moment. Just wait a few more days/ weeks and you will see.

I would agree with you, expect everyone thought the same thing in November.  There were some people that sold after we reached the first ATH at $266, then some people sold all of their coins when the price doubled the ATH at $500.  Then it reached over $1000.

There might be some selling at $1000 but don't underestimate people ability to panic buy!  ;D

I think everyone that has "dumped" already did so after the Mt. Gox fiasco.  There are plenty of people waiting on the sidelines that will buy as the price moves up.  Just wait and you will see. ;)

That would be the status quo.

I am talking about 750k stolen gox coins. I am talking about recent 200k coins move.
The people that dumped already are the ones who panic sold on other exchanges after mt.gox collapse.

Just buy and hold with a dollar cost averaging strategy.

$640 seems to be Stamp's new $666.   We had found a cozy home around $666 for a while, and now it seems to be hovering around the $640 range.   I think we are due for a rally soon, with so much more adoption every day...

its about time for rally soon

i will definately be surprised if we havent peaked $2k in 2-3 months

i personally expect a peak of $4k-6k but i might be disapointed

WOW
If that happens i will be a millionaire  8)

I will  be surprised if anything will happen at all. It will take some times to wash away the goxxxie thingy.

how so? i think most people realize gox has nothing to do with bitcoin

But the money and coins lost there?
Also a lot of people are now afraid to send large amount of $ and coins to exchangers , don't underestimate the psychological impact of that story.

the money and lost coins are just gonna increase the price

even if all of those who got goxxed decide to not buy any bitcoin at all

the exchange part i guess is somewhat of a concern but i dont think its gonna impact that much. mtgox have had a bad reputation for years

Just like many others you're forgetting some stuff
It was gox that helped the rocket to 1000+. Also , despite the initial failure at 266 it was gox that froze the trades that stopped BTC from reaching 1$ in April.
Also , gox was the pillar for bitcoin till the start of 2013 , without magical tux bitcoin wouldn't be here at this price.

And how the hell are the money lost going to increase the price?
By scaring the hell of the ask wall with the emptiness of the bid wall?

sure, we possibly wouldnt be at this price without mtgox but we definately dont need mtgox anymore, what makes u think bitcoin depend on one exchange? not even that but an exchange that had very corrupt code, horrible customer support and shady actions and was initially supposed to be trading fucking magic cards

about the money lost, i dont know the exact sum but some say its 750k bitcoin that is taken off the market

that means there is potentially 750k less bitcoin for sale which should make the price go up
supply and demand brother 8)

I said that because of . Actually they had a somewhat good reputation if we cut 2013 and some wacky hack

I'm not sure about the lost coins actually being lost. It's either that gox still has them or that some users withdraw them maliciously...
So , those coins belong to somebody right now , meaning that there are still available for sale.
As for the money lost or frozen in banking accounts , those are gone for a few months or forever.

In April Bitcoin will collapse, so no, it is not a good buy !

Maybe, maybe not. Consider waiting for a day when the market sells off on heavy volume to get a bargain, may very well see $500 coins again.

Weren't you also saying this about LTC before it skyrocketed past $40?

I wasn't even active on this forum then lol

I think we may be coming up an another good time to buy if you are looking to throw some more money at it.   As blockchain.info continues is outage...prices seem to be slowly dipping..

There has been a lot more adoption throughout the world with a lot of retailers from all different industries...we are due for another rally after this slight dip (IMO)

Ok...so in your opinion...why is BTC going to collapse in a few weeks?

I agree... for the most part... what I do is I buy what I plan to spend in the following week +10%, the 10% goes cold storage and the rest I use for purchases.

Those coins will likely be slowly spent and/or sold over the next decade or more, especially if price keeps going up.

https://bitcointalk.org/index.php?topic=433530.0

Don't take this FUD troll seriously.

$266 seemed so high at the time...such a bargain now....remember all the bagholders a 250+, there were threads how does it feel to buy at $250x?

$400 is the buy price. If BTC breaks below $400, we're sunk.

If it sinks below $400 I'll be jumping for joy, that's that much cheaper I can buy at! People are freaking out because in the past week and a half it's dropped about 100$... a month ago it was the exact same amount it was at as it is today... if it dips even further who cares! Bitcoin is catching on more and more every day, more businesses accepting it, more consumers spending it, more countries becoming friendly to it, ATM's popping up everywhere. It will regain value. This is not a get rich quick scheme, it's introducing a brand new currency in the world... have some faith, and patience.

Not so sure about that, I think volatility will start picking up and the price will eventually start to slowly rise again.

See? I told you it's a trap  ;D ;D ;D

+1