adamstgBit
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October 03, 2014, 07:44:04 PM |
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360 is done.
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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October 03, 2014, 07:44:17 PM |
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NJCarlos: What's your average buy price per BTC including transaction fees? Are you in the red or in the black?
I'm actually playing with gains at this point. My initial investment is currently on the sidelines in fiat. If I wait until $350 and put my initial investment back in, I imagine my average cost per coin would be around $150 or 200, since I have been buying small quantities at specific intervals since $420-430. All in all, I'm not in a bad position, and since I'm playing with gains (no disrespect to anyone that's in the red), I'm inclined to hold and not attempt to time the bottom. Instead, I'll try to time the bottom with additional fiat. That's my gut feeling atm, at least. It sounds like you have a decent plan - i was just a bit confused by the tone of one of your earlier posts, which caused me to believe that you may have been in the red.... Much better to be in the black than in the red, especially when BTC is experiencing nearly a 70% retracement from its ATH, which could become even greater, and you seem to be pretty well situated, even if the retracement is greater.
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adamstgBit
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October 03, 2014, 07:44:41 PM |
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we're probably going to start falling faster and faster now.
its a bear bubble.
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Oblodo
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October 03, 2014, 07:46:50 PM |
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DEFINITION of 'Arbitrage'
The simultaneous purchase and sale of an asset in order to profit from a difference in the price. It is a trade that profits by exploiting price differences of identical or similar financial instruments, on different markets or in different forms. Arbitrage exists as a result of market inefficiencies; it provides a mechanism to ensure prices do not deviate substantially from fair value for long periods of time.
Buy at BTC-e and sell over at Huobi.. $20 difference now...
This is just another hurdle.. RIGHT? Right... oh, I am still mining, and buying. So I must be a bit retarded...or maybe just not shortsighted?
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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October 03, 2014, 07:48:46 PM |
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It will probably stay at $200-400 for the next 2-3 years until the block rewards stop
Too much money is given away to miners. Even now at the low price of $400, they get about $1.5 million a day.
You may need to research a little bit more b/c the block rewards are NOT going away until 2140-ish, which is quite a way into the future... And, there are costs to acquiring mining equipment and operating such equipment, so hardly seems like a give away... but then again, you seem to be just trolling with the out of touch nature of your comment.
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InvestorPerson
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October 03, 2014, 07:50:04 PM |
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ah all that talk about manipulation
bitcoin is still overpriced right now, we are still in a correction after last winter
Ok thanks, i almost bought some. Could you tell us when the price is right? 150-200 seems ok Lol, are you serious, 150-200 is very less. How miner will recover their cost. in this game, people get burnt, they lose lot of money. that can affect miners too. it's not always happy hippy lucky life
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_javi_
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October 03, 2014, 07:51:54 PM |
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ah all that talk about manipulation
bitcoin is still overpriced right now, we are still in a correction after last winter
Ok thanks, i almost bought some. Could you tell us when the price is right? 150-200 seems ok Lol, are you serious, 150-200 is very less. How miner will recover their cost. in this game, people get burnt, they lose lot of money. that can affect miners too. it's not always happy hippy lucky life good luck with your coins and transfers without miners
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NotLambchop
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October 03, 2014, 07:53:00 PM |
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...So I must be a bit retarded...or maybe just not shortsighted?
You're okay, God don't make junk
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InvestorPerson
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October 03, 2014, 07:54:38 PM |
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ah all that talk about manipulation
bitcoin is still overpriced right now, we are still in a correction after last winter
Ok thanks, i almost bought some. Could you tell us when the price is right? 150-200 seems ok Lol, are you serious, 150-200 is very less. How miner will recover their cost. in this game, people get burnt, they lose lot of money. that can affect miners too. it's not always happy hippy lucky life good luck with your coins and transfers without miners future miners and hardware will adapt to a new price level. the current mining environment can be replaced if it dies. you can replace everything
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hyphymikey
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October 03, 2014, 07:57:18 PM |
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ah all that talk about manipulation
bitcoin is still overpriced right now, we are still in a correction after last winter
Ok thanks, i almost bought some. Could you tell us when the price is right? 150-200 seems ok Lol, are you serious, 150-200 is very less. How miner will recover their cost. in this game, people get burnt, they lose lot of money. that can affect miners too. it's not always happy hippy lucky life good luck with your coins and transfers without miners future miners and hardware will adapt to a new price level. the current mining environment can be replaced if it dies. you can replace everything You can't replace incentive.
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podyx
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October 03, 2014, 07:57:51 PM |
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Quite frankly, I reckon the smartest thing right now is to go in with ATLEAST 30-50% of your whole capital and pray If not yourself, do it for starving children in africa Maybe we'll go a bit lower
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adamstgBit
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October 03, 2014, 08:01:12 PM |
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Quite frankly, I reckon the smartest thing right now is to go in with ATLEAST 30-50% of your whole capital and pray
Maybe we'll go a bit lower
i'm planing to buy just a little bit everyday not looking to catch no bottoms
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 03, 2014, 08:01:13 PM |
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inca
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October 03, 2014, 08:02:05 PM |
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This is so crazy.. If price goes to $0 tomorrow then who else but me is incredibly fucked?? (it won't of course, just a thought experiment knida) It feels better to not be alone about it Why would it go to zero? lol
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InvestorPerson
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October 03, 2014, 08:02:13 PM |
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ah all that talk about manipulation
bitcoin is still overpriced right now, we are still in a correction after last winter
Ok thanks, i almost bought some. Could you tell us when the price is right? 150-200 seems ok Lol, are you serious, 150-200 is very less. How miner will recover their cost. in this game, people get burnt, they lose lot of money. that can affect miners too. it's not always happy hippy lucky life good luck with your coins and transfers without miners future miners and hardware will adapt to a new price level. the current mining environment can be replaced if it dies. you can replace everything You can't replace incentive. that is of course true. but nobody ever said that bitcoin is invincible. it's a strong tech, yes, but not invincible. put enough stress on even the hardest resistance and it will break
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nrd525
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October 03, 2014, 08:02:49 PM |
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Anyone else having problems with btccharts.com crashing due to Flash crashing?
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Oblodo
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October 03, 2014, 08:03:10 PM |
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"Ohio-based trader Dan Mercede buys from exchanges, including Bitstamp and Lake BTC, and sells mostly in the form of over-the-counter (OTC) transactions to his own regional customer base of private clients. He said former long-term holders of bitcoin that sold out in weeks past are getting back into the market in a big way now the price is dropping further.
“Demand is really high with low prices and all the sellers that [were] holders before are actually returning buyers again right now,” he said.
Mercede, who is CEO of Cryptocoin Capital Management (CCM), claims he has made an average return of between 8%–15% per day mostly by buying off Chinese exchanges and selling locally, or vice-versa.
“I can get some crazy returns right now,” said Mercede, who cited a trade this weekend where he purchased 20 BTC at $375 and resold the units at $560 to a client within hours. CCM has been executing similar trades for amounts up to 50 BTC per trade a number of times in September, according to Mercede.
It is common practice in North America for retail investors to buy at premiums via local trusted brokers in the case of many asset classes. What is unusual is that customers are happy to pay such large premiums. Many speculate this is the direct result of exchanges being associated with countries such as China and Russia, which do not resonate well with the American public."
This...
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podyx
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October 03, 2014, 08:03:13 PM |
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This is so crazy.. If price goes to $0 tomorrow then who else but me is incredibly fucked?? (it won't of course, just a thought experiment knida) It feels better to not be alone about it Why would it go to zero? lol It's just a thought experiment I'm thinking worst case scenario
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JayJuanGee
Legendary
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Activity: 3878
Merit: 11065
Self-Custody is a right. Say no to"Non-custodial"
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October 03, 2014, 08:03:55 PM |
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Quite frankly, I reckon the smartest thing right now is to go in with ATLEAST 30-50% of your whole capital and pray
Maybe we'll go a bit lower
i'm planing to buy just a little bit everyday not looking to catch no bottoms Currently, I am exercising a variation of that kind of a practice.. buying frequently, but trying to catch the bottom within that 1 day or 2 day period (depending on how frequently i am buying). Edit: By the way Adam, is your average buy in price in the black or the red, currently?
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