Is it a good idea to buy Bitcoin now at $29?

[c0ikws]

So you're pretty much not saying anything lol

Welcome to the Speculation sub-forum!

Thanks for the good lolz

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[adamstgBit]

The Rally will fail to make a new all time high,

As the price goes down, people will rush to get their Bitcoins out of their paper wallets and SELL SELL SELL. we will cut down to 18 like 8 million dollars was NOTHING!    after which a unstable year long down trend will bring us very close to 10$, the forum will be buzzing Cheep coins again.

[ElectricMucus]

The Rally will fail to make a new all time high,

As the price goes down, people will rush to get their Bitcoins out of their paper wallets and SELL SELL SELL. we will cut down to 18 like 8 million dollars was NOTHING!    after which a unstable year long down trend will bring us very close to 10$, the forum will be buzzing Cheep coins again.

It's either >32 or <2.

[flaab]

Keep buying folks!!!  Tulip-mania revisited.

[tacotime]

yes.  buy all the btc.

[adamstgBit]

The Rally will fail to make a new all time high,

As the price goes down, people will rush to get their Bitcoins out of their paper wallets and SELL SELL SELL. we will cut down to 18 like 8 million dollars was NOTHING!    after which a unstable year long down trend will bring us very close to 10$, the forum will be buzzing Cheep coins again.

It's either >32 or <2.

i don't think so... failing to make a new all time high doesn't mean bitcoin is worth less then 2$, and going over the all time high doesn't mean bitcoin is worth more then 50$

the reason we so close to all time high is because of real growth, but this market cannot easily be shorted so the growth has lead to a bit of a bubble, its will pop... but it will not go crash and burn below 2$.... I think coming close to single digits will have everyone excited about buying cheap coins again.

[ElectricMucus]

I haven't said anything about 50.

[dancupid]

It's a good idea if you want make a short term profit.
It's bad in the medium term.
It's very very good in the long term.

[SaintFlow]

Do you have a use for it straight away?
            /                                      \
          yes                                   no
the current price has                    \  
absolutly nothing to                     are you speculating?
do with your decision:                  /                          \  
BUY                                            yes                        no
                                                 /                                \
                        be an adult about it and do              are decentralisation and/or
                        what YOU consider is right.               privacy important to you?
                        Noone should take this decision              /                            \
                        from you!                                               no                            yes                                                              
                                                                                      /                                 \
                                                                          no action required        welcome to the future
                                                                                                                         BUY!


 

[01BTC10]

The Rally will fail to make a new all time high,

As the price goes down, people will rush to get their Bitcoins out of their paper wallets and SELL SELL SELL. we will cut down to 18 like 8 million dollars was NOTHING!    after which a unstable year long down trend will bring us very close to 10$, the forum will be buzzing Cheep coins again.

http://www.youtube.com/watch?v=nvfqR0KQ6P8

[goldlyre]

Buying a little quantity is always better than indicision.

[DoomDumas]

Cheap coin indeed..

In an investment point of view, Going from 20 to 40 is the same as going from 2 to 4.

2013 will be a incredible year for bitcoin...

[🏰 TradeFortress 🏰]

Don't just buy btc.. long btc.

[evolve]

No, Its a terrible idea. Don't end up being a bag holder like those people that bought at $32, 2 years ago.

[molecular]

if you want coins, just buy. you can do it in steps. dollar-cost-averaging

[piramida]

No, Its a terrible idea. Don't end up being a bag holder like those people that bought at $32, 2 years ago.

evolve, you for some reason forget, again, that those "bag holders" from 2 years ago can now close their position at (almost) no loss if they so desire. 2 years is a medium term investment. And also, according to wikipedia, The term bagholder is an informal slang term used in U.S. financial markets to refer to the shareholders left holding shares of worthless stocks. Who is holding worthless anything here?

So, that just means that whatever you are saying is just completely wrong and makes zero sense. Think about it next time. Yeah, and I'm sorry you are not in on the ride, just don't post wrong information and we'll be kind to you. We need funny crash believers here.

[molecular]

No, Its a terrible idea. Don't end up being a bag holder like those people that bought at $32, 2 years ago.

evolve, you for some reason forget, again, that those "bag holders" from 2 years ago can now close their position at (almost) no loss if they so desire. 2 years is a medium term investment. And also, according to wikipedia, The term bagholder is an informal slang term used in U.S. financial markets to refer to the shareholders left holding shares of worthless stocks. Who is holding worthless anything here?

The term "bag holders" will be applicable for those holding bags of fiat currency after "cashing out" their stash of 58 millibits at 432,512.36 USD/BTC.

[Peter Lambert]

Do you have a use for it straight away?
            /                                      \
          yes                                   no
the current price has                        \  
absolutly nothing to                        are you speculating?
do with your decision:                      /                          \  
BUY                                            yes                        no
                                                 /                                \
                        be an adult about it and do              are decentralisation and/or
                        what YOU consider is right.               privacy important to you?
                        Noone should take this decision                    /                            \
                        from you!                                               no                            yes                                                              
                                                                                      /                                 \
                                                                          no action required        welcome to the future
                                                                                                                         BUY!

You seem to have left out the people who are not speculating but are investing in bitcoin for reasons other than the decentralization and privacy. People who are using bitcoins as a savings vehicle (kinda like people who invest in gold as a relatively secure way to have a savings).

[chrisLG]

No, Its a terrible idea. Don't end up being a bag holder like those people that bought at $32, 2 years ago.

evolve, you for some reason forget, again, that those "bag holders" from 2 years ago can now close their position at (almost) no loss if they so desire. 2 years is a medium term investment. And also, according to wikipedia, The term bagholder is an informal slang term used in U.S. financial markets to refer to the shareholders left holding shares of worthless stocks. Who is holding worthless anything here?

The term "bag holders" will be applicable for those holding bags of fiat currency after "cashing out" their stash of 58 millibits at 432,512.36 USD/BTC.

+1

[SaintFlow]

You seem to have left out the people who are not speculating but are investing in bitcoin for reasons other than the decentralization and privacy. People who are using bitcoins as a savings vehicle (kinda like people who invest in gold as a relatively secure way to have a savings).

you are welcome to update it anytime / I hearby declare my previous poste in this thread to be published under creative commons license