BTC at $205? Should I buy into a rally?

[BittBurger]

Its already too late bro, the train has left the station.

Choo choo! (Im aboard the train, vip seats in the front)

The rule is, if you're going to shamelessly brag like a douche, you have to also shamelessly announce exactly how many coins you have.

What constitutes VIP seats?  How many coins?

I wanna see where on the train I sit....

[gaston909]

Its already too late bro, the train has left the station.

Choo choo! (Im aboard the train, vip seats in the front)

The rule is, if you're going to shamelessly brag like a douche, you have to also shamelessly announce exactly how many coins you have.

What constitutes VIP seats?  How many coins?

I wanna see where on the train I sit....

Right at the back of this train but not getting off until my destination of BTC= $100000

[justusranvier]

Right at the back of this train but not getting off until my destination of BTC= $100000

[phlogistonq]

I was also hoping for the Mariana trench this weekend, but it looks like we took off. Next stop the moon. I think you can buy now and rest assured it will go up short-term. Also, in the very long run you should be good. In between, it is likely we will revisit $204 and lower IMHO.

[600watt]

205 ?

hope you did it, just check the chart, mate ...

[bitcoin carpenter]

I have been selling some at every plateau with a trigger limit sitting above the next wall so if the wall gets eaten I buy back in and lose a few percent but if the price drops I make some it's a win or win less method while btc progresses it's way to the moon...
I don't even get coach on the train though...
I'm in the baggage cart with around 70 bitcoins

[mccorvic]

The best strategy is to decide on a certain amount you can afford to spend every week on BTC ($20, $100, whatever) and just buy regularly.  That way you'll evenly buy into the lows and the highs and don't have to sweat it so much.

[MakeBelieve]

I think even buying at this price you could still benefit greatly in the future.

[wobber]

I think even buying at this price you could still benefit greatly in the future.

But you could also meet my friend Bubblepop and loose 1/2 to 2/3 of every dollar you have.

[justusranvier]

But you could also meet my friend Bubblepop and loose 1/2 to 2/3 of every dollar you have.

Somebody should use this song the next time we get some excitement to the downside: http://www.youtube.com/watch?v=bw9CALKOvAI

[thddx]

I've been debating whether or not to buy more myself.  After SR, I returned to BTC and had intended to buy as much as possible when the price was sitting between $120-130.  Unfortunately, the price quickly rebounded and I was only able to get a hold of a small fraction (dang Coinbase starting limits).  I've picked up a few more between then and $200, but I'm being very conservative expecting multiple corrections.

Still, at the current Coinbase price of $219, I'm sitting at ~125% of my investment.  It would have been a much rosier picture had I successfully purchased my goal at the outset, but that's life.  I'll just keep chasing the train, and as soon as it gets low on coal, I'll sneak aboard.

[zeroday]

I hope OP got it at $205, but even at $210 it's also a nice buy.

My best trading strategy is to buy at market price anytime when I have some extra fiat and hold (unless the price is let's say $5k). I've been doing so for over a year and have no regret yet

Don't be afraid if the price drops a few bucks tomorrow, because it'll always recover and go beyond. At least you are sure you didn't miss the train when it jumps to the sky once again.

[Shallow]

I'd hold out if I were you...

[windjc]

I'd hold out if I were you...

Right. Shouldn't have bought at $205. Shouldn't buy now at $211. If it goes to $220 don't buy. Don't buy at $230.  Or $245. Or especially not at $250.

And don't buy at $266. Or $267.  And if we go to $300 DO NOT buy then.

Wait for a correction. Then maybe you can "get it" at $280. Or $270. Or maybe $248. Get in then, on the downswing.

So, to summarize, the price is $211. Do not buy.




(Does anyone see how bad advice often sounds so sound?)

[derpinheimer]

I'd hold out if I were you...

Right. Shouldn't have bought at $205. Shouldn't buy now at $211. If it goes to $220 don't buy. Don't buy at $230.  Or $245. Or especially not at $250.

And don't buy at $266. Or $267.  And if we go to $300 DO NOT buy then.

Wait for a correction. Then maybe you can "get it" at $280. Or $270. Or maybe $248. Get in then, on the downswing.

So, to summarize, the price is $211. Do not buy.




(Does anyone see how bad advice often sounds so sound?)

No, I dont follow. Do the opposite and its still just advice.

$200? Still too high. $190? If it goes to $180 it goes farther.. $180? I told you we go lower. $160? Bubble pop?!?!

Etc. Bad logic is bad.

[windjc]

I'd hold out if I were you...

Right. Shouldn't have bought at $205. Shouldn't buy now at $211. If it goes to $220 don't buy. Don't buy at $230.  Or $245. Or especially not at $250.

And don't buy at $266. Or $267.  And if we go to $300 DO NOT buy then.

Wait for a correction. Then maybe you can "get it" at $280. Or $270. Or maybe $248. Get in then, on the downswing.

So, to summarize, the price is $211. Do not buy.




(Does anyone see how bad advice often sounds so sound?)

No, I dont follow. Do the opposite and its still just advice.

$200? Still too high. $190? If it goes to $180 it goes farther.. $180? I told you we go lower. $160? Bubble pop?!?!

Etc. Bad logic is bad.

I am obviously taking the assumption that the trend it up not down. The OP wants to invest in BTC. He is asking if this is a good price. If he is looking to invest and, thus, assumes it will go up, then $205 is a great price. Not waiting for some hypothetical dip. ESPECIALLY after a phase of retraction and consolidation in an up trend.

Good logic is good.
 
You are just a bear. Remember, BTC will only ever be a small niche technology. You already told us that.

[rpietila]

Its already too late bro, the train has left the station.

Choo choo! (Im aboard the train, vip seats in the front)

The rule is, if you're going to shamelessly brag like a douche, you have to also shamelessly announce exactly how many coins you have.

What constitutes VIP seats?  How many coins?

I wanna see where on the train I sit....

My only brag was that I am sitting in the VIP area of a fictitious train heading for the moon.

The rules for a VIP seat (you have to atleast hit one of the criteria) are:

- Have 75% or more of your net worth in BTC*
- Registration date before May 30th 2011

MPOE-PR has volunteered as our hostess.

* Does not apply if your net worth is less than $100,000. Fucking peasant..

Yeah, and if your net worth is more than about $0.5M and the above conditions are met, you can also register yourself to the Bitcoin TOP-500 list.

[balanghai]

Hey buy now because it will push the price a little bit more and when you gain a difference more than 5% sell it and buy again when it does the opposite.

[Zangelbert Bingledack]

[JessicaSe]

You can buy but its really risky, why not buy some alt-coins instead? You know the price is few $ now and it might go as high as $10...