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Author Topic: Best thing to do? Buy more or not  (Read 2277 times)
Robytfc
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August 15, 2011, 12:11:55 PM
 #1

Iv bought some bitcoins overs the last few days and i currently only have 12 but 2 sided about should I put more money in to pot and buy more or leave it at 12 and see what happends

So post what you think i should do Smiley

Edit: also iv been buying with britcoin but its seams to day that the prices there are up and down all the time
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NamelessOne
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August 15, 2011, 02:06:03 PM
 #2

I'd buy, there is lots of green pressure. =)
Bitcoin Swami
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August 15, 2011, 02:12:16 PM
 #3

I think you're asking in the wrong place because everyone here is a bull.  Even if someone seems like a bear, they are just trying to get you to sell your coins so they can get more. 

That being said i see a steady rise until at least the conference.  If the conference is awesome maybe it'll keep going???
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August 15, 2011, 02:29:49 PM
 #4

Yeah, just pay attention. I want it to go higher and think it will, but I'm prepared to sell if needed. The last two days have been a great steady climb, and I hope it keeps up. =)
coined
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August 15, 2011, 02:42:54 PM
 #5

its all panic and confidence in the bitcoin market, nothing to ease your mind here sorry  Wink

think if it gets to 13 we're good to keep going, if it can't get past current resistant between 12 and 13 it wont take long till the fear is back, and we might be back testing that 6 again  Grin Grin

have fun  Tongue

also chodpaba's time series analysis says we're not getting past 12's between now and Thursday, thought it's still a bit experimental  Grin he was spot on about a few things though.



kiwiasian
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August 15, 2011, 03:15:21 PM
 #6

MACD looks really positive, I would buy in but I don't have any money.

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August 15, 2011, 03:42:13 PM
 #7

I did buy some more, not much because I'm already fairly maxed out on my Bitcoin investments. It certainly looks like there could be another major rally coming. We'll see, hopefully some good news come from the conference. People are starting to forget the bad stuff at this point and there have been some good news already.

Bitcoin is fundamentally going strong still so there is no reason to worry at the moment. There are some fundamental issues such as security for a non-power user but hopefully the soon to be released Bitcoin client with encryption will raise confidence regarding security.

The whole thing is in very early stages, we have just reached the point of having mining covered. Now the community needs to focus on products, services and end-user tools. Create more of them and make them better.

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kiwiasian
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August 15, 2011, 03:46:07 PM
 #8

When is the conference?

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FlipPro
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August 15, 2011, 04:09:01 PM
 #9

If I had the money I would buy from now all the way up until the end of the conference.

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August 15, 2011, 04:26:05 PM
 #10

When is the conference?

This upcoming weekend, Fri-Sun or Thur-Sun
GeniuSxBoY
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August 15, 2011, 04:40:42 PM
 #11

OMG SELL! SELL! SELL!
KMBTC11
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August 15, 2011, 06:06:52 PM
 #12

So post what you think i should do Smiley

Send your coins to the address in my signature.  That's the best thing to do.  You won't get anything in return but the knowledge that they will be well taken care of should be satisfaction enough.

If you don't do that I'd suggest holding what you have and hedging with fiat bucks at an amount comparable to your BTCs.  At a price drop you buy and you sell when it goes up.  Most of the chowder heads in this forum think the price will be going up in the coming days.

But really, sending them to me would be the best use of your BTCs.

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Oldminer
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August 16, 2011, 01:18:58 PM
 #13

Time to get onboard ladies and gents. MacD says its time for another rally..  Grin


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istar
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August 16, 2011, 05:08:07 PM
 #14

Hold and see where its heading and be prepared to buy.

Its probably slowly going down to around $6-9 in 2-3 months though Macd looks like its could go up short term? Other thing that can make it go up a lot "shortterm" is the bitcoin conference and when Mtgox gets Euro deposits back working in a few days.

However I dont think MacD was meant for something that has this kind of inflation? 7500new bitcoins each day, that bitcoins currently have.

Right now these are probably better indicators of where we are going.

http://www.google.com/trends?q=bitcoin&ctab=0&geo=all&date=mtd&sort=0

http://www.google.com/insights/search/#q=bitcoin&date=today%203-m&cmpt=q

Whatever you do, dont panic and sell your bitcoins with a loss.
Be prepared to see bitcoins go down to $2 and up to $10.000 sell some as price goes up.


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Piper67
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August 16, 2011, 05:29:57 PM
 #15

Just ask GeniusXboy what he's doing, then go and do exactly the opposite!
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August 16, 2011, 06:32:28 PM
 #16

Just ask GeniusXboy what he's doing, then go and do exactly the opposite!

I approve this strategy. Hey GeniusXboy, is gold going up or down?
Piper67
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August 16, 2011, 06:34:40 PM
 #17

Just ask GeniusXboy what he's doing, then go and do exactly the opposite!

I approve this strategy. Hey GeniusXboy, is gold going up or down?

I have a feeling GeniusXboy has been swallowed by the vortex of bull/bear indecision... shame, he was such a nice boy.
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August 16, 2011, 08:44:21 PM
 #18

If you can afford it, buying is never a bad thing.  If you can't afford to lose money, don't buy.

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piramida
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August 16, 2011, 09:12:04 PM
 #19

If you can afford it, buying is never a bad thing.  If you can't afford to lose money, don't buy.

But then again, if you don't buy you are also losing money - that money you would have made if you bought Smiley So sell your house and buy BTC now, you would be able to buy a mansion later - or you will live in a cardboard box, but in either case you will be proudly responsible for your own decision.

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August 16, 2011, 11:37:10 PM
 #20

I'd sell everything. It's going to go down before it goes up. 



...but don't hold out too long... cuz it will skyrocket to $14 after it goes down and then you'll be a s.o.l
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