Bitcoin Forum

At these prices, I feel more comfortable buying than selling. If prices will fall, I will buy more.

My plan: For every week bitcoin is under $250 I will exchange coins worth $1000.

How many dollars will I spend? Any guesses?

That is either the smartest possible move or the dumbest riskiest move, either way you have done it and in the future you will see what kind of move it was.

I have done similar and i myself keep buying at these prices so i wish you best of luck!

I hope you have about another $20000 to put into it  ;)

Another 20 weeks at these prices until middle-end of the summer at a guess of course.

What's the amount of money do you have in hand to buy the coins? 1000 per weeks sounds progressive

Well, I will rethink my decision after 6 month. :) But I am pretty comfortable putting up to 25k into bitcoin at these prices.

In case it goes over $250 I will not put significantly more money into my bitcoin holdings. I already aquired a nice stack since 2012.

you're right, it's better to buy at the moment. price is low
one question, did you just use bitcoin cost averaging method? (like dollar cost averaging/DCA)
you bought bitcoin at higher price than now some time ago, and you buy again to reduce bitcoin price average that you hold?

I bought the majority of my coins at $5.

Edit: Bought although @610, @$450, @$340, $160 -> Reason: Lost alot to Mark Kapeles.

while price is low buy then hold and w8 for price jump like all here i hope for major income

good luck

I don't quite understand this strategy.
If you have 25k now, why not just buy 25k of btc now rather than spread over time.
Let's compare this strategy (strategy B) with yours (strategy A) under different scenarios...

Scenario 1: btc rises above 250 next week.
Under A, you only have $1k of btc bought, so only gain a bit.
Under B, you have $25k of btc bought, so gain a lot.

Scenario 2: btc rises above 250 after 6 months.
Under both A and B, you have $25k of btc bought, so gain a lot.

Scenario 3: btc never rises above 250
Under both A and B, you lose money.

So B is better than A.

That sounds about right to do, if you can park that amount of money for some time. Very smart move and I believe you will not regret. You may wait a bit though. If 25 weeks (6 months roughly) of buying is enough, we will see. But I won't expect new highs in 2015 in BTC price for sure.

Only ~$4,000 per month.  Thanks, and don't let the haters discourage you.

@Strategy: It's more a statement, that I am quite sure the market is at a turning point - dollar bulls are at euphoria stage (but loose faith) - bitcoin bulls are still frightened. This might go on for some days or weeks or even month and I will use this phase for accumulation.

At everything else, I think you are right. Still, I am not 100% sure (how can I ever !? :), if the bottom is already in. Therfore I want to keep some ammo. If it goes to $120 in the next weeks, I will go all-in without a doubt. And I haven't said I won't buy at prices higher than $250. I will just not go on buying like crazy, when prcies shoot up to new heights.

 $1000 weekly means $4000 a month, you're rich, man. Do you still have a postive view on Bitcoin?

Time to start scaling back in.

If he spreads out his buying over time, he has the potential to lower his average entry point.  Suppose the price drops to 150 over the next few weeks.  He can then buy cheaper coins with scenario A.  The tradeoff is if the price rallies above 250 soon.  Then he misses an opportunity, but he still has some coin if the price stays above 250 and rallies from there.  IMO now would be an excellent time to start dollar cost averaging below a certain price point such as 250.

another bulltard statement.

why didnt you invest those thousands in 2012?

You are not alone.
That is why the price of BTC is being maintained.  :)

hope you have some good reserves.

things might take a while until 250 is broken again for good

let just pray that you dont get burned anyway, price is varying sideways, could be a good time to buy, but it could be worthless few month from now, point is , keep some in fiat , because you dont know what the price will be

Good reasoning. Waiting for the perfect bottom is a common mistake within boat missers. As long as you aren't putting yourself in debt buying Bitcoin is a guaranteed long term success, objectively speaking.

there are no guarantees

BWAHAHAHAHAHAHAHA

I never tire of reading the utter horseshit that passes for market analysis on the Bitcoin Speculation forum.