antimattercrusader
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November 10, 2013, 06:03:55 PM |
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But make no mistake, in the end everybody is in it to eventually cash out.
If by cashout, you mean directly spend by bitcoins on products/services, then yes - you are correct.
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BTC: 13WYhobWLHRMvBwXGq5ckEuUyuDPgMmHuK
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ElectricMucus
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Marketing manager - GO MP
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November 10, 2013, 06:07:58 PM |
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But make no mistake, in the end everybody is in it to eventually cash out.
If by cashout, you mean directly spend by bitcoins on products/services, then yes - you are correct. That will inevitably end in someone selling them for fiat money until the time where means of production, land ownership, transportation and taxes are to be paid with Bitcoins. And then what if that never happens?
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piramida
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Borsche
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November 10, 2013, 06:20:57 PM |
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They were doing well so in January I decided to buy more. They were at about $13.75 at the time. They had been going up and down and I got greedy and decided to buy in at $13.30.
Well they went into the $13.30s but never hit $13.30. And then they began to rise. I held off waiting for them to go down. Eventually they rose to $17.25 a couple of days later and I just bought. They never went down that low again (as of now).
I missed out on an extra 80 coins or so if I had just bought right away!
Now we know you bought 300 coins back then
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i am satoshi
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smoothie
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LEALANA Bitcoin Grim Reaper
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November 10, 2013, 06:50:07 PM |
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You buy right before you hold. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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███████████████████████████████████████
,╓p@@███████@╗╖, ,p████████████████████N, d█████████████████████████b d██████████████████████████████æ ,████²█████████████████████████████, ,█████ ╙████████████████████╨ █████y ██████ `████████████████` ██████ ║██████ Ñ███████████` ███████ ███████ ╩██████Ñ ███████ ███████ ▐▄ ²██╩ a▌ ███████ ╢██████ ▐▓█▄ ▄█▓▌ ███████ ██████ ▐▓▓▓▓▌, ▄█▓▓▓▌ ██████─ ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌ ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌ ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─ ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩ ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀ ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀` ²²² ███████████████████████████████████████
| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ . LEALANA BITCOIN GRIM REAPER SILVER COINS. |
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coin_love
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November 10, 2013, 06:50:13 PM |
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I'd invest in regular time intervals, like a day or a week. Say you want to invest $10k. Split it evenly and invest $2.5k every Friday, regardless of what is happening on the market. The idea is to bet on the long-term trend and by distributing the buys, you average out the volatility. There's probably a financial term for this simple strategy. EDIT: It's called Dollar cost averaging http://en.wikipedia.org/wiki/Dollar_cost_averaging
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smoothie
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LEALANA Bitcoin Grim Reaper
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November 10, 2013, 06:55:21 PM |
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I'd invest in regular time intervals, like a day or a week. Say you want to invest $10k. Split it evenly and invest $2.5k every Friday, regardless of what is happening on the market.
The idea is to bet on the long-term trend and by distributing the buys, you average out the volatility.
There's probably a financial term for this simple strategy.
"Cost averaging"
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███████████████████████████████████████
,╓p@@███████@╗╖, ,p████████████████████N, d█████████████████████████b d██████████████████████████████æ ,████²█████████████████████████████, ,█████ ╙████████████████████╨ █████y ██████ `████████████████` ██████ ║██████ Ñ███████████` ███████ ███████ ╩██████Ñ ███████ ███████ ▐▄ ²██╩ a▌ ███████ ╢██████ ▐▓█▄ ▄█▓▌ ███████ ██████ ▐▓▓▓▓▌, ▄█▓▓▓▌ ██████─ ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌ ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌ ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─ ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩ ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀ ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀` ²²² ███████████████████████████████████████
| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ . LEALANA BITCOIN GRIM REAPER SILVER COINS. |
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rocks
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November 10, 2013, 07:01:51 PM |
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I'd invest in regular time intervals, like a day or a week. Say you want to invest $10k. Split it evenly and invest $2.5k every Friday, regardless of what is happening on the market. The idea is to bet on the long-term trend and by distributing the buys, you average out the volatility. There's probably a financial term for this simple strategy. EDIT: It's called Dollar cost averaging http://en.wikipedia.org/wiki/Dollar_cost_averagingThis Coinbase lets you schedule regular buys at monthly weekly or daily intervals. Just setup the dollar amount per month that you want to buy and how to spread the purchases out and forget about it. If I had started this earlier instead of waiting for dips that never reached the level I wanted, I would have a lot more coins...
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Elwar
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Viva Ut Vivas
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November 10, 2013, 09:01:32 PM |
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I'd imagine they are doing it when they get their pay on the beginning of the month with whatever is left over from the previous month. The problem they have is that since they more or less buy at the same time they are paying more, like right now takeoff coincided with everybody getting their 14th pay.
But make no mistake, in the end everybody is in it to eventually cash out.
I convert most of my paychecks into bitcoins. I have held off since the climb since I would like to catch a dip once we have a good idea where the average will be for the next few months. But I am in it to keep as many bitcoins as possible. Trust me, you will want as many as you can have very soon.
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First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin.
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The Patient
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November 10, 2013, 09:35:46 PM |
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Trust you why? Do you know something we don't? I mean I hope you're right though..
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mvidetto
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November 10, 2013, 09:37:52 PM |
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I'm a buyer now below $250 and definitely below $200, although I feel like many people feel this way which is why the price is solidifying in the $300 range.
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Odalv
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November 10, 2013, 09:51:14 PM |
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Assuming you strategy is B&H. When should you buy? On rises, dips, on a regular basis, all-in at the beginning, or doesn't it really matter?
Because of bitcoin is going to the moon (long term). It is better to buy as soon as possible. Your chance to buy at lowest price today is higher than tomorrow.
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Tirapon
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November 10, 2013, 11:11:02 PM |
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Trust you why? Do you know something we don't? I mean I hope you're right though..
Elwar knows something that most of us know: Bitcoin has a good chance of reaching a much higher value in the not too distant future. At that point you will want to be holding as many as possible.
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ElectricMucus
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November 10, 2013, 11:40:33 PM |
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Trust me
no, and there is no reason to ever
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adamstgBit
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Trusted Bitcoiner
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November 11, 2013, 04:54:27 AM |
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just got back home, technicals look pretty good ah, not a bad time to buy ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif)
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BitcoinBarrel
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Fill Your Barrel with Bitcoins!
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November 11, 2013, 03:36:38 PM |
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It's never a wrong time to buy if you HOLD until it's profitable. The problem is people buy high and sell low.
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davidgdg (OP)
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November 11, 2013, 06:00:10 PM |
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"Hold" is easy. LOL.
Paper wallet stored in a bank vault a LONG way from where I live with limited access You have to make it deliberately difficult ;-)
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"There is only one thing that is seriously morally wrong with the world, and that is politics. By 'politics' I mean all that, and only what, involves the State." Jan Lester "Escape from Leviathan"
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NUFCrichard
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November 11, 2013, 08:12:01 PM |
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I find holding to be difficult, I wish I coiuld go a week or 2 without checking the price, then I would be a true holder.
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BlueTemplar
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Gone for a minute now back again
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November 11, 2013, 08:19:54 PM |
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I went one and a half years of not bothering with bitcoin after the crash of 2011...
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DoomDumas
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Bitcoin
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November 13, 2013, 12:46:37 PM |
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I buy as much as I can under 1000$ those are cheap coin.. maybe I'll sell some in the 2k-3k, but only a small portion.. BTC should be the best stach within 10 years !
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theecoinomist
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November 14, 2013, 10:33:05 PM |
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Buy as soon as possible. I have bought for family members at $125, $150, $250 & $330.. Thing is, it will still turn out be a really good investment when bitcoin goes 4 digits.
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