XXthetimeisnowXX (OP)
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a wolf in sheeps clothing. suckerfish
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April 23, 2013, 10:57:36 PM |
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Sword Smith
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April 23, 2013, 10:59:17 PM |
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+1 I personally believe that we will be above 500 before the year has ended and probably also before fall. But everybode should know that there are zero guarantees when you choose to get involved in a market like this!!
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austinwillis81
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April 23, 2013, 11:03:19 PM Last edit: April 24, 2013, 12:38:52 AM by austinwillis81 |
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Yep I can't agree any more, get in now or get burned like a lot of people did when it hit ~260. Too many people are trying to make a quick buck on the daily fluctuations, but i believe if you really want to make some money and just hold it, and its a lot easier than becoming a day trader
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hottiehair
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April 23, 2013, 11:04:50 PM |
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This is going to be huge watch out for $1000 and beyond.
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Sword Smith
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April 23, 2013, 11:10:09 PM |
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Yep I can't agree any more, get in now of get burned like a lot of people did when it hit ~260. Too many people are trying to make a quick buck on the daily fluctuations, but i believe if you really want to make some money and just hold it, and its a lot easier than becoming a day trader And even the professionals get burnt whilst day trading!
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powdabam
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April 23, 2013, 11:11:27 PM |
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Man, I was trying to get in at $55 a BTC and couldn't figure out how to buy them. It's so frustrating that this isn't as liquid as it needs to be. There is a lot of opportunity for coders to get this kind of stuff on the market for us traders !
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XXthetimeisnowXX (OP)
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a wolf in sheeps clothing. suckerfish
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April 24, 2013, 12:14:17 AM |
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Yep I can't agree any more, get in now of get burned like a lot of people did when it hit ~260. Too many people are trying to make a quick buck on the daily fluctuations, but i believe if you really want to make some money and just hold it, and its a lot easier than becoming a day trader ha this is so true, when it was hovering around seventy there for a while i made like 4 coins selling high and buying low, well i got burnt bad when it was supposed to go back down and buy and i had to take the losses. i was still about a coin up but ya i decided to just hold till it hits 500+.
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Birdy
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April 24, 2013, 12:27:27 AM |
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I can agree that right now it's still time to get some, but don't put more money into it than you can afford to lose. And if it should crash, just hold on to them, don't panic sell!
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Nightowlace
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April 24, 2013, 12:34:40 AM |
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Currently about 4,000 new MtGox clients are being verified a day. As this continues more and more people will be able to purchase BTC. Think of it this way; The 4,000 confirmed yesterday probably had their Dwolla (US) funds clear the Gox today. The 4,000 confirmed today will have funds tomorrow and the cycle will continue as long as people are still signing up and have interest in BTC. I heard the back log is still somewhere around 20,000
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Dawesom
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April 24, 2013, 12:38:46 AM |
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Man, I was trying to get in at $55 a BTC and couldn't figure out how to buy them. It's so frustrating that this isn't as liquid as it needs to be. There is a lot of opportunity for coders to get this kind of stuff on the market for us traders !
For anyone new to Bitcoin it definitely seems frustrating trying to figure out the wallets and the exchanges to buy the coins! Thankfully as a Canadian, I was using Libertybit.com who lets you fund your account via email money transfers to make it easy.
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austinwillis81
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April 24, 2013, 12:43:49 AM |
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Man, I was trying to get in at $55 a BTC and couldn't figure out how to buy them. It's so frustrating that this isn't as liquid as it needs to be. There is a lot of opportunity for coders to get this kind of stuff on the market for us traders !
Yeah i had that problem too when I finally decided to actually buy some BTC and LTC to hold instead of just mining. And my GOD it's like trying to meet the president without body guards, first you have to get money into a 3rd party, then transfer it to Mt.Gox. And if you want LTC well have fun spending another hour getting those!
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Birdy
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April 24, 2013, 12:56:17 AM |
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Man, I was trying to get in at $55 a BTC and couldn't figure out how to buy them. It's so frustrating that this isn't as liquid as it needs to be. There is a lot of opportunity for coders to get this kind of stuff on the market for us traders !
Yeah i had that problem too when I finally decided to actually buy some BTC and LTC to hold instead of just mining. And my GOD it's like trying to meet the president without body guards, first you have to get money into a 3rd party, then transfer it to Mt.Gox. And if you want LTC well have fun spending another hour getting those! Yes it's not easy to this right now. I think there will be easier ways to get them later on, but that would also mean that Bitcoins are a big sucess (aka too late to get them cheap).
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Kazimir
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April 24, 2013, 12:58:00 AM |
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It's greedy, dollar-minded thinking like this that messes up Bitcoin I hope all hedge funds, dollar investors, daytraders, stock brokers, and other scum from the old monetary system lose a SHITLOAD of money. So the only people remaining in Bitcoin are there because they understand and appreciate the ideology behind Bitcoin. Here's the thing: you shouldn't see Bitcoin as a way to make dollars. You should see Bitcoin as a way to DESTROY the dollar.
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toxtom
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April 24, 2013, 01:06:59 AM |
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When to buy is important, but also when to sell. It was smart to buy at 200 if you were going to sell at 230. Right now the chart shows and uptrend but don't be stubborn and hold on too long if it spikes into another bubble. People say it's impossible to time the highs and lows but sometimes it's easy...most of the time it's not but sometimes it is.
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Nightowlace
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April 24, 2013, 01:09:42 AM |
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It's greedy, dollar-minded thinking like this that messes up Bitcoin I hope all hedge funds, dollar investors, daytraders, stock brokers, and other scum from the old monetary system lose a SHITLOAD of money. So the only people remaining in Bitcoin are there because they understand and appreciate the ideology behind Bitcoin. Here's the thing: you shouldn't see Bitcoin as a way to make dollars. You should see Bitcoin as a way to DESTROY the dollar. I think attitudes like this suck. Instead of wishing them all to lose a shitload of money so that only the people left are the people who "appreciate the ideology" are left why not take the time to promote, educate, and convert said people so they too can have a better understanding and appreciation for what Bitcoin really is. Right now with all of the media hype, the volatility, etc. etc. that is all any newcomer is going to see (Hey I can go make a bunch of fiat currency by buying a bunch of this bitcoin and selling it when it skyrockets) To change that mentality and grow bitcoin one must educate those people not wish them financial ruin. This community will never grow if that was everyones mentality. Don't be such an elitist.
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scotjam
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April 24, 2013, 01:25:18 AM |
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I don't think that it's obvious that now is the time to buy
There's a big wave of publicity and interest
However, at the same time, there are a ton of people waiting in line to get *massive* mining rigs using ASICs
This will mean a ton of new coins will be generated, and presumably a proportion of those will be sold, putting pressure on prices
So it's really very unclear. What is clear though, is that it's likely to be very volatile.
Personally, I'm happy to be invested, but not more than I'm willing to lose.
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XXthetimeisnowXX (OP)
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a wolf in sheeps clothing. suckerfish
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April 24, 2013, 01:27:20 AM |
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It's greedy, dollar-minded thinking like this that messes up Bitcoin I hope all hedge funds, dollar investors, daytraders, stock brokers, and other scum from the old monetary system lose a SHITLOAD of money. So the only people remaining in Bitcoin are there because they understand and appreciate the ideology behind Bitcoin. Here's the thing: you shouldn't see Bitcoin as a way to make dollars. You should see Bitcoin as a way to DESTROY the dollar. ha if bitcoin was still at .02 cents then congratulations it would go absolutely fucking NOWARE!!! its the price you pay (no pun intended) to have btc be a success. yes it would be nice to have some stability but at the same time if its stable nobody gives a fuck. it is what it is now. everyone wanted this thing to take off so bad and now that it has you get people like aweeee you cant make money off btc you should only buy things with it. I do believe in btc thats why i bought some. i buy things with them and promote them. the whole concept of a finite amount means that they will become more valuable, yet you hate when the value goes up. if people want to buy some at first to make money then good at least they are getting in the loop of how to use them. good god people like you should just sell all your coins and go live in the woods and off the grid and shoot deer for food and never ever talk to anyone cuz they will actually maybe disagree with you sometimes.
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im_riley
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April 24, 2013, 01:28:53 AM |
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So it's really very unclear. What is clear though, is that it's likely to be very volatile.
Personally, I'm happy to be invested, but not more than I'm willing to lose.
agreed. I wish I had a ton of extra cash to invest, but, you've got to work with what you've got I suppose.
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XXthetimeisnowXX (OP)
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a wolf in sheeps clothing. suckerfish
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April 24, 2013, 01:35:09 AM |
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I can agree that right now it's still time to get some, but don't put more money into it than you can afford to lose. And if it should crash, just hold on to them, don't panic sell!
+1 yes! invest what you are willing to loose but be prepared for some gains as well. also don't be so itchy with the trigger finger, just buy and in a year go back and collect or if it drops well at lest it was worth a shot. life is about taking chances, there are investments that are 100% guaranteed to be safe and to get a return. like a cd -two years and you get like 50 bucks for 2000. now with bit, 2000 in two years could be worh two hundred or be worth 20,000 (or more) I personaly would rather take the chance at getting more money but thats just me. also i spend coins every now and then to keep it alive and always ask vender's if they accept BTC. you should too.
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bitcl1234oinfever
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April 24, 2013, 01:39:56 AM |
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with gox getting X amount of new accounts daily, with the other exchanges adding new members daily, new exchanges popping up daily, Bitcoin has a really good chance at a very long uptrend. I definately can see it at 300-350 by years end.
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