Rysterf (OP)
Newbie
 Offline
Activity: 6
Merit: 0
|
 |
June 05, 2011, 08:23:05 AM |
|
All of today I have been very sad because just last week I sold my 38 Bitcoins for $7.8 each and now it's $18 each. I am now wondering if I should buy coins now with the $330 I have in my Mt. Gox account or should I wait for the bubble to pop?
|
|
|
|
|
|
|
|
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
DATA COMMANDER
|
|
June 05, 2011, 08:32:41 AM |
|
My advice is to buy low and sell high.  |
Tips are appreciated (very tiny tips are perfectly okay!) 13gDRynPfLH3NNAz3nVyU3k3mYVcfeiQuF
|
|
|
|
BitLex
|
|
June 05, 2011, 08:34:57 AM |
|
question is, what's low and what's high?
|
|
|
|
|
dinox
|
|
June 05, 2011, 08:36:19 AM |
|
question is, what's low and what's high?
Please let me know if you find this out  |
blockchain.info/fb/1dinox - 1Dinox3mFw8yykpAZXFGEKeH4VX1Mzbcxe Active trader on #bitcoin-otc - See here - Proof that my nick is dinox here |
|
|
CoinMan
Member
Offline
Activity: 104
Merit: 10
|
|
June 05, 2011, 08:37:57 AM |
|
Today's price is low, tomorrow's is high. You are welcome. CoinMan question is, what's low and what's high?
Please let me know if you find this out |
|
|
|
adrian33
Member
Offline
Activity: 118
Merit: 10
|
|
June 05, 2011, 08:39:21 AM |
|
Buy and hold.
|
|
|
|
|
Longmarch
|
|
June 05, 2011, 08:48:39 AM |
|
Buy and hold.
I believe this may be the correct answer. Bitcoin either succeeds or fails. Too soon to tell. Spin the wheel or don't. |
|
|
|
|
adrian33
Member
Offline
Activity: 118
Merit: 10
|
|
June 05, 2011, 08:50:13 AM |
|
There is one way it will surely succeed. When people spend their bitcoins and don't sell them.
Hoarding is a different matter. Possibly better to hoard just as you would save (if the price is going up, then hoarding is like saving/investing anyhow, so hoarding is the wrong term.)
When the price stabilizes or falls, the question will be where can stagnant bitcoins be placed so they will produce a return.
|
|
|
|
hugolp
Legendary
Offline
Activity: 1148
Merit: 1001
Radix-The Decentralized Finance Protocol
|
|
June 05, 2011, 08:56:20 AM |
|
There is one way it will surely succeed. When people spend their bitcoins and don't sell them.
Hoarding is a different matter. Possibly better to hoard just as you would save (if the price is going up, then hoarding is like saving/investing anyhow, so hoarding is the wrong term.)
When the price stabilizes or falls, the question will be where can stagnant bitcoins be placed so they will produce a return.
I agree. The price of bitcoin will suffer a drop at some point and Im curious to see the reaction fo the community. |
|
|
|
adrian33
Member
Offline
Activity: 118
Merit: 10
|
|
June 05, 2011, 09:01:58 AM |
|
I agree. The price of bitcoin will suffer a drop at some point and Im curious to see the reaction fo the community. My hope is that there is a general consensus amongst the community to say "okay, this is thing is starting to level out, time to spend, even if just a little bit." There are an increasing number of places to spend and in that sense time is on our side. For example: http://bitgigs.com/ Investing in bitcoin startups would be best. |
|
|
|
Suggester
Member
Offline
Activity: 97
Merit: 11
|
|
June 05, 2011, 09:08:40 AM |
|
All of today I have been very sad because just last week I sold my 38 Bitcoins for $7.8 each and now it's $18 each
Your sadness made someone else very happy. This speculation game is a zero-sum. I am now wondering if I should buy coins now with the $330 I have in my Mt. Gox account or should I wait for the bubble to pop?
Assuming we know the right answer: If we give you a good advice we benefit you, but we hurt the person who would've acquired your profits. If we give you a bad advice we benefit that person, but hurt you. Again, it doesn't really matter  |
|
|
|
|
Yeti
Member
Offline
Activity: 112
Merit: 10
Firstbits: 1yetiax
|
|
June 05, 2011, 09:13:59 AM |
|
Your sadness made someone else very happy. This speculation game is a zero-sum.
Correct. I couldn't have gotten into Bitcoins, where it not for somebody who got out at $10. But then maybe he started mining when it was easy or got in when they were selling kBTC at $2.50 Advice? Depends on your risk profile and your understanding that Bitcoin is totally unlike any stock or option! The price will eventually level out. Could be at $1/BTC or at $100/BTC. Hell, if enoug people join the craze we could soon be trading in mBTC! |
|
|
|
Suggester
Member
Offline
Activity: 97
Merit: 11
|
|
June 05, 2011, 09:20:27 AM |
|
Correct. I couldn't have gotten into Bitcoins, where it not for somebody who got out at $10. But then maybe he started mining when it was easy or got in when they were selling kBTC at $2.50
All the same. I'm kicking myself in the butt now for stopping mining too early last year when I was getting 200 coins/day. I thought back then (and still do) that Bitcoin has no future and that the bubble will pop sooner or later because the system has a built-in perpetual deflation. That doesn't mean pyramid schemes can't be useful if you jump out before they burst . My wrong decision made somebody else rich now. It's all the same. |
|
|
|
|
|
