Theoretical Speculation

[AdaptQuickly]

Scenario: $2000 available in cash as of 11/09/13. Given the interesting past few weeks. What do you do?


Everyone's game plan is appreciated, we are all on the bitcoin train together.

[wopwop]

ask people on bitcointalk what to do with it

[Buster]

we are all on the bitcoin train together.

All except you it seems

[bitcodo]

ask people on bitcointalk what to do with it

Scenario: $2000 available in cash as of 11/09/13. Given the interesting past few weeks. What do you do?


Everyone's game plan is appreciated, we are all on the bitcoin train together.

Answer is in your name

AdaptQuickly

[crazy_rabbit]

I would:

A) buy bitcoin
b) find more cash to buy bitcoin

[Wilhelm]

I made 12% on my money over the last 24 hours which could have been better but I was expecting a bigger crash and got back in late.

I am still trading in buy/sell pairs to make a percent on a smaller part of my money every half hour or so

We don't want to end up without bitcoins since bitcoin is guaranteed to climb over the years imo.
On the otherhand you want money to buy if it crashes fast

[piramida]

Scenario: $2000 available in cash as of 11/09/13. Given the interesting past few weeks. What do you do?

deposit to the closest exchange. once clears, press buy. would yield about 7BTC. move to offline storage to keep away from clicky fingers (or grow balls to keep your 7BTC even if price drops to $100). forget about this until you have more money or the price moves 50% in either direction (buy if goes down, sell if goes up and you need money).

[mvidetto]

I would:

A) buy bitcoin
b) find more cash to buy bitcoin

Not necessarily, Monday will tell the true tale of the rise and fall of bitcoin.  If Monday bitcoin rises, buy, because it will most likely continue to rise throughout the week as it did last week.  IMO we were overdue for a correction so I think where we are is fine and solidifies the bitcoin price around $300

[theonewhowaskazu]

I would wait until Sunday. Preferably late Sunday, when its Monday in China. Then I'd decide wtf to do with it then.

[mb300sd]

US banks are closed Monday, might have to wait till Tuesday to see what happens.

[theonewhowaskazu]

US banks are closed Monday, might have to wait till Tuesday to see what happens.

Except for the most part we're waiting for China, not the US.

It seems like USD is draining out of BTC, while Yuan is filling in.

[CMMPro]

I would place some bids around the L4, L5, and L6....maybe evenly divided.

My calculations on Bitstamp:

High: 364
Low: 204  (At the start of this rally.)

...

L4 = 265

L5 = 241.7

L6 = 204


We are hitting the L4 right now as I speak so maybe buy a bit right away and place buys for the other portions at the L5 and L6.
If we flash to the L6 it will be brief imo.

Good luck!

[mvidetto]

Scenario: $2000 available in cash as of 11/09/13. Given the interesting past few weeks. What do you do?

deposit to the closest exchange. once clears, press buy. would yield about 7BTC. move to offline storage to keep away from clicky fingers (or grow balls to keep your 7BTC even if price drops to $100). forget about this until you have more money or the price moves 50% in either direction (buy if goes down, sell if goes up and you need money).

Other option is to buy more at $100 after already buying here, my buy point right now is < $300 although pretty heavily into bitcoin as opposed to fiat right now.

[Ecurb123]

I'm not expert or anything close but what I would do it buy $100 per week until it's all converted to btc

[mvidetto]

US banks are closed Monday, might have to wait till Tuesday to see what happens.

Except for the most part we're waiting for China, not the US.

It seems like USD is draining out of BTC, while Yuan is filling in.

^^ Exactly, China is leading the race, therefore what they do Monday foretales the week drastically.  Even a small few hundred yuan selloff on Monday could catapult fear into the market for a full weeks downtrend, and vise versa.

[BitchicksHusband]

I'm not expert or anything close but what I would do it buy $100 per week until it's all converted to btc

Why lose all that interest?  Put it all in Bitcoin now and hold it until we're over $100,000.

[Ecurb123]

I'm not expert or anything close but what I would do it buy $100 per week until it's all converted to btc

Why lose all that interest?  Put it all in Bitcoin now and hold it until we're over $100,000.

of course if you or I knew it was going to 100k, but in reality we don't. It's a gamble, it's the whole point.

[Ibian]

It will. Macroeconomic factors guarantee it.

[piramida]

As we all know, it will either go to 100k or to zero, and we are much closer to zero than to 100k;  so there is much less (theoretical) risk than there is (theoretical) gain.

Now, you can argue which outcome is less likely, but frankly, it is a matter of belief. Most people here think the chance of bitcoin going to zero before it hits 100k is very slim. Ask on stock market boards, they will certainly assure you that it's the other way around. Place your bets, the wheel of fortune is already spinning