Is Anyone Buying Bitcoins?

[reannypleas]

Seems many buying Bitcoin now, regardless of the crash FUD last days.

[kdrop22]

Not buying Bitcoins atm
Changing some for Litecoins
I wont buy till we get to a stable price (a month with a +/- 10% fulctuation price)

I like your idea, however it appears that we won't get a stable price for quite some time. It will go up even further, then crash and oscillate for a month or two before stabilizing.

[poewerden]

Not buying Bitcoins atm
Changing some for Litecoins
I wont buy till we get to a stable price (a month with a +/- 10% fulctuation price)

I like your idea, however it appears that we won't get a stable price for quite some time. It will go up even further, then crash and oscillate for a month or two before stabilizing.

Yes, only hard to say how high it will go before correction. There is no reason to believe such high BTC/LTC is going to increase even more ! More likely BTC/LTC is going to drop

[halfawake]

Here's a counterpoint to those who say that bitcoin will keep going up indefinitely: http://pando.com/2013/11/26/bitcoin-you-have-a-china-problem/  China is probably where most of the new demand for bitcoin is coming from right now, so if this guy is right, bitcoin could be looking at a pretty serious correction.

That said, I'd take the article with a grain of salt.  People in China have very few places to invest, local stock markets and the real estate markets being pretty much the only places - and they don't have much of a stock market there, unlike in the USA.  Partly because of that, their real estate market has been overheated for years now.  So it looks like they're looking at Bitcoin as the next big thing.

[maz]

Here's a counterpoint to those who say that bitcoin will keep going up indefinitely: http://pando.com/2013/11/26/bitcoin-you-have-a-china-problem/  China is probably where most of the new demand for bitcoin is coming from right now, so if this guy is right, bitcoin could be looking at a pretty serious correction.

That said, I'd take the article with a grain of salt.  People in China have very few places to invest, local stock markets and the real estate markets being pretty much the only places - and they don't have much of a stock market there, unlike in the USA.  Partly because of that, their real estate market has been overheated for years now.  So it looks like they're looking at Bitcoin as the next big thing.

Great post and a good article. It further confirms my #1 cause of the current bubble crash could be China. It really is a sensitive political country and bitcoin is tickling the dragon right now. Not enough to incite them to act but the bigger bitcoin grows the bigger the chance of a ban. It happened with QQ (sort of) and I can't possibly see any alternative for bitcoin if the Chinese see a dip in their Yuan use.

[Peter R]

Here's a counterpoint to those who say that bitcoin will keep going up indefinitely: http://pando.com/2013/11/26/bitcoin-you-have-a-china-problem/  China is probably where most of the new demand for bitcoin is coming from right now, so if this guy is right, bitcoin could be looking at a pretty serious correction.

That said, I'd take the article with a grain of salt.  People in China have very few places to invest, local stock markets and the real estate markets being pretty much the only places - and they don't have much of a stock market there, unlike in the USA.  Partly because of that, their real estate market has been overheated for years now.  So it looks like they're looking at Bitcoin as the next big thing.

Great post and a good article. It further confirms my #1 cause of the current bubble crash could be China. It really is a sensitive political country and bitcoin is tickling the dragon right now. Not enough to incite them to act but the bigger bitcoin grows the bigger the chance of a ban. It happened with QQ (sort of) and I can't possibly see any alternative for bitcoin if the Chinese see a dip in their Yuan use.

Governments (aka "they")--whether in China or the USA--are not cohesive organizations.  They are a bunch of people with varied goals and ambitions following the "party line" because it is working for them.  If it looks likely to stop working, people want to transition stealthily to the winning team.  The winning team could very well involve bitcoin.  

The people in China that could best apply the benefits of bitcoin are the same people that have sway over the rules.  What we are seeing with BTCChina is free-thinking individuals deciding to invest a bit of money in an escape hatch.  As the eye of the dragon turns towards bitcoin, it simply means that more people with lots of money will have the chance to see the benefits it offers to them and their families.   Even if the official party line becomes "anti-bitcoin," there will be such a vested interest in BTC behind the scenes that any meaningful crackdown would be neutered.  

[theecoinomist]

I bought from $70 all the way to $700, after that my deposits went into LTC- then NMC.. I think I will keep throwing a few hundred dollars into alt coins when some of them are still pennies/dollars..

[Pruden]

I for one have stopped buying: I cannot enlarge my stash significantly with what is leftover from my paycheck and I have better uses for my money now.

[Stevenrm87]

I personally buy no matter what the price is. I just tell myself Bitcoin HAS to be worth more next year than is is now. That alone helps me just dive right in. Im more scared about letting a life changing investment pass me buy than actually losing and fiat value. I have more fun here than the casino anyway.

[Bitsurprise]

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[GG9000]

My recommendation is also set to buy.

[po1992one]

I dont buy now, I waiting if the correction really comes so I can buy cheaper.

[Ibian]

I dont buy now, I waiting if the correction really comes so I can buy cheaper.

Oh it will correct alright. To maybe $7000. And then back up a week later.