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Author Topic: At what price would you stop buying BTC because the price is crasy  (Read 620 times)
donbu7
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November 27, 2013, 04:32:16 PM
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I would say I could stop buying BTC when it hits the 2,000 usd

At what price would you stop buying???
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November 27, 2013, 04:32:46 PM
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Depends on the time frame.
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November 27, 2013, 04:34:05 PM
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"crazy" is relative. I remember when $20 was absolutely crazy. You get used to this level and in a year, it will feel funny when you read it out loud.

i am satoshi
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November 27, 2013, 04:34:19 PM
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10k+ is the danger zone.

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November 27, 2013, 04:35:32 PM
 #5

If the price exceeds $5,000 in the next few months I will hold off buying for the first time. I will resume buying $5,000 around April 2014.

I think $10,000 could be realistic early 2015 but any sooner and I am sure it will correct.
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November 27, 2013, 04:35:57 PM
 #6

it depends totally on the adoption which looks bright

if they are accepted globally in almost every store ,the skys the limit

when you can buy property,cars ,furniture and groceries etc without converting to fiat

it may actually  be a bargain someday to be able to buy  for $10,000 each
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November 27, 2013, 04:36:49 PM
 #7

I would say I could stop buying BTC when it hits the 2,000 usd

At what price would you stop buying???

And you will feel like shit when it passes $3000

fallinglantern
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November 27, 2013, 04:37:22 PM
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Dollar cost averaging. I don't even look at the price when I buy. I buy BTC at a fixed fiat amount at a fixed time interval. If the value of BTC went up, then my existing coins are worth more! If it went down, cheap coins! You pretty much can't lose long-term.
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November 27, 2013, 04:43:10 PM
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Depends on the time frame.

This. I am more interested in the shape of the curve.  For a "long time" (in Bitcoin years) the exchange rate growth was something like ~0.5% per day.  Lots of booms and bust along the way but it correlates pretty well to a line with a 0.5% per day slope.  Recently (last two weeks) that has jumped by 20x.  0.5% vs 10% daily that is quite a deviation.  Is this the new normal (we are looking at months or years of 2% per day growth) OR are we looking a regression to the mean scenario (exchange rate eventually falls off to intersect with the 0.5% per day slope)?

I don't know but that is the question.  I would buy at $10, $100, $1,000,  $10,0000, $100,000 the nominal amount if pretty much a non-issue.  If Bitcoin was >$100,000 for a decade and one day "Bitcoin Black Tuesday" there was a "massive" crash from ~$123,000 to $98,000 followed by a quick rebound would you buy?  On the other hand if Bitcoin went up 100% per day for a week would you consider $128,000 to be a good price.

Everything that has ever been bought or sold can be a bubble and not all price increases are a bubble.  One method of identifying the difference is the deviation from historical trends but one has to be aware the trend can change, another is the relative change in volume.
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