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

[bitcon]

so was it a good idea?

[Richy_T]

I only put play money in btc, basically I look at it as gambling. I only have a few hundred bucks in the system total, so "serious profit" is a relative term. I would never risk my retirement or savings to the BTC market.

My main (real) investments are in stocks, which is still fairly risky, but less so than BTC Imo.

Stocks. Now there's something that requires faith. Since the government made it so that it's not good tax-wise to pay out dividends and to reinvest the money instead, sensible indicators have disappeared and all you can hope for when you buy most stocks is that there is a bigger sucker than you when it comes time to sell it.

[evolve]

There are still plenty of good dividend plays from solid companies.  Or are you talking about taxes on DRIPs? (because you dont pay taxes on that until the stock is sold).

But yes, investing in stocks requires faith (though much less than BTC IMO).

[Richy_T]

There are still plenty of good dividend plays from solid companies.  Or are you talking about taxes on DRIPs? (because you dont pay taxes on that until the stock is sold).

But yes, investing in stocks requires faith (though much less than BTC IMO).

There are some but there are a lot that don't, particularly tech companies.

[psybits]

To OP: yes, it was a good idea.

[paulie_w]

naaahhh

[dancupid]

I will here and now buy 1000 bitcoins at $29 - anyone willing to sell to me?
$29 -  think of all the amazing things you could buy with those $29000 dollars - a fiat car?
What bitcoin user doesn't love fiat?

[Richy_T]

I will here and now buy 1000 bitcoins at $29 - anyone willing to sell to me?
$29 -  think of all the amazing things you could buy with those $29000 dollars - a fiat car?
What bitcoin user doesn't love fiat?

[rpietila]

Right now I would consider selling the stash at $42. I think there is above-average chance that you can buy it back at $29.

(Don't be greedy and believe the ones that say it's $20 - they themselves will buy at $25 and leave you nothing..)

[evolve]

(Don't be greedy and believe the ones that say it's $20 - they themselves will buy at $25 and leave you nothing..)

Hey now, don't be giving away my secrets! 

[bitcon]

bump

[wachtwoord]

Anyone selling for $29?

[muyuu]

Right now I would consider selling the stash at $42. I think there is above-average chance that you can buy it back at $29.

(Don't be greedy and believe the ones that say it's $20 - they themselves will buy at $25 and leave you nothing..)

How much are you selling at $42?

[StarenseN]

These are cheap bitcoins.

#1 anwser.

/thread.

[molecular]

These are cheap bitcoins.

#1 anwser.

/thread.

pat yourself on the back much and tell everyone to shut up? lame.

this one's better:

Always buy!

[klee]

Any opinions?

To buy or not to buy??
That is the question!..

[rpietila]

Right now I would consider selling the stash at $42. I think there is above-average chance that you can buy it back at $29.

(Don't be greedy and believe the ones that say it's $20 - they themselves will buy at $25 and leave you nothing..)

How much are you selling at $42?

I never got the chance. Price shot up soon afterwards and is now even though I enter $42 to the "ask" field, they keep on giving me 55 or 60 for it.

Bitcoin is broken, qed. 

[muyuu]

Right now I would consider selling the stash at $42. I think there is above-average chance that you can buy it back at $29.

(Don't be greedy and believe the ones that say it's $20 - they themselves will buy at $25 and leave you nothing..)

How much are you selling at $42?

I never got the chance. Price shot up soon afterwards and is now even though I enter $42 to the "ask" field, they keep on giving me 55 or 60 for it.

Bitcoin is broken, qed. 

I have this problem too. My coins keep on gaining in price and I become filthy rich against my wishes.

[Elwar]

Up 300% since this post...hmm, I think he should have bought.