Is Anyone Buying Bitcoins?

[MoreFun]

Edwar, sounds like you dumped your coins early and being left out.

Are you trying to look for comfort? I can pad your back for 1 BTC.

Not looking for comfort but honestly a stable price.

Since that time I have more fiat dollars and am in a position to invest some of it. May invest in some non-bitcoin investments that require bitcoin and don't want to take a loss when bitcoin comes crashing down.

How can anyone says that he wants stable price - not possible. Bitcoin logical limits are somewhere between $0 and $1M. Now tell me the right price that everyone will be comfortable buying and selling for months.

[Tzupy]

IMO the whale who bought some 4k - 5k coins on Gox managed to transfer his coins to Bitstamp, and has a 2k sell wall there.

[MoreFun]

IMO the whale who bought some 4k - 5k coins on Gox managed to transfer his coins to Bitstamp, and has a 2k sell wall there.

Not true. The wall was there even before buying.

[niothor]

Well , I am .
Not large amounts (in Btc) but I still bought even during these last days.

[niothor]

FYI
inputs.io, bips, the australian and the czech exchange just got hacked,
that's 3 cases totaling around 9000btc in less than 2 weeks.
i would not risk buying at this prices even if it rises to 1000 or more
just look at the charts...

"hacked".
And I've seen worse than that.

[emanymton]

FYI
inputs.io, bips, the australian and the czech exchange just got hacked,
that's 3 cases totaling around 9000btc in less than 2 weeks.
i would not risk buying at this prices even if it rises to 1000 or more
just look at the charts...

"hacked".
And I've seen worse than that.

In fiat terms?

[maz]

I am all fiat and not buying at the moment.

I think the 800+ price is top dollar and won't be sustainable in my opinion. The world has been saturated by good news recently regarding bitcoin and it's still sitting in the $800 mark. I don't believe we are going up just because people want to see an ATH. That will happen eventually and it will be natural and much stronger than just now, with less blind greed and speculation. When the price drops from this emotional-choo-choo we are on just now then I will buy, maybe $500 but hopefully lower. If I 'miss the train' then so be it, it's not the end of the world, which some people on this forum fail to appreciate.

[Tzupy]

IMO the whale who bought some 4k - 5k coins on Gox managed to transfer his coins to Bitstamp, and has a 2k sell wall there.

Not true. The wall was there even before buying.

Maybe the wall belonged to someone else, but the dump of 1.7k coins on Bitstamp is real.

[MoreFun]

The 1,5k wall was dumped, that was previously at $838 and placed before yesterdays gox buying spree (so it was not buying at gox selling at stamp).

[Ibian]

I think we are in the awareness phase now. If so, it is only natural that the price rises faster than it used to. In which case, still no bubble.

[raskolnikovx]

Not buying Bitcoins atm
Changing some for Litecoins
I wont buy till we get to a stable price (a month with a +/- 10% fulctuation price)

[MAbtc]

Based on responses here. It seems most people are simply not buying. I am very surprised that the price is holding so high when most people think that $800 is too high to buy.

I personally bought .01 bitcoins as a test recently. But I wouldn't call that buying.

I think most people on this forum got in at much, much, much lower prices. So this doesn't really tell us anything. This game is for the fiat whales, now.

[Ibian]

Not buying Bitcoins atm
Changing some for Litecoins
I wont buy till we get to a stable price (a month with a +/- 10% fulctuation price)

You realize you could end up looking at "10k stable", right?

[porcupine87]

I think people who buy now hold. The be aware that the price could fall down. Like the 266$ high in april. So they will say to themselves: "Ok, when I buy now, then I hold at least one year"

[Ibian]

I think people who buy now hold. The be aware that the price could fall down. Like the 266$ high in april. So they will say to themselves: "Ok, when I buy now, then I hold at least one year"

No. That was caused by very specific circumstances which are no longer present. Stop saying that. (yes the price could fall, for any number of reasons, but not "like back in april". its just dumb.)

[glendall]

I'm telling my friends it is a good buy at less than <800.

BTC will go down. But not a massive amount.

But buying anything at the All Time High is a bad idea. Socks, snacks, or Sexcoins, whatever.

[Ibian]

I'm telling my friends it is a good buy at less than <800.

BTC will go down. But not a massive amount.

But buying anything at the All Time High is a bad idea. Socks, snacks, or Sexcoins, whatever.

I WISH I had bought at the ATH in the 500s. I'm going to buy more TODAY, less than I'd like, and a week from now I will be reading about people who wish they had bought at $1000.

Waiting for a drop is a fool's game for b&h, and so is trying to play the market unless you are at least a 6-dan Memphisian oracle.

[windjc]

I'm telling my friends it is a good buy at less than <800.

BTC will go down. But not a massive amount.

But buying anything at the All Time High is a bad idea. Socks, snacks, or Sexcoins, whatever.

We may see $799 again. That sounds reasonable.

But what if the following happens? ---> what if we consolidate below $1000 for a day or two. Then we break out to $1050-$1100. Then we correct back to test $1000. Then we inch up slowly, then gain momentum and then eventually get to $1600 (10k CYN) and we crash correct back to $1050. And then we start going up again.

And what if from now on out we just have corrections instead of crashes? If this happens, we might not see $799 again. Because $799 is below the last consolidation point.

[GhanaGamboy]

Waiting for a drop means you might be forced to buy even at higher prices because I expect following weeks increased demand.

[Okurkabinladin]

Edwar, sounds like you dumped your coins early and being left out.

Are you trying to look for comfort? I can pad your back for 1 BTC.

Not looking for comfort but honestly a stable price.

Since that time I have more fiat dollars and am in a position to invest some of it. May invest in some non-bitcoin investments that require bitcoin and don't want to take a loss when bitcoin comes crashing down.

How can anyone says that he wants stable price - not possible. Bitcoin logical limits are somewhere between $0 and $1M. Now tell me the right price that everyone will be comfortable buying and selling for months.

Exactly  major reason bitcoin got so popular was influx of speculators, who saw product with potentially unlimited demand and very, very inelastic supply. Volatility might get managable over time, but it is not going anywhere. It is part of what bitcoin is.