Bitcoin Forum
April 24, 2024, 05:05:52 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: del  (Read 1727 times)
myself
Guest

del
October 08, 2011, 08:39:56 PM
Last edit: September 09, 2012, 10:37:12 PM by myself
 #1

del

1713978352
Hero Member
*
Offline Offline

Posts: 1713978352

View Profile Personal Message (Offline)

Ignore
1713978352
Reply with quote  #2

1713978352
Report to moderator
1713978352
Hero Member
*
Offline Offline

Posts: 1713978352

View Profile Personal Message (Offline)

Ignore
1713978352
Reply with quote  #2

1713978352
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1713978352
Hero Member
*
Offline Offline

Posts: 1713978352

View Profile Personal Message (Offline)

Ignore
1713978352
Reply with quote  #2

1713978352
Report to moderator
1713978352
Hero Member
*
Offline Offline

Posts: 1713978352

View Profile Personal Message (Offline)

Ignore
1713978352
Reply with quote  #2

1713978352
Report to moderator
322i0n
Full Member
***
Offline Offline

Activity: 196
Merit: 101


View Profile WWW
October 08, 2011, 08:48:48 PM
 #2

interesting! so do you do the same or similar when selling and how do you manage sudden price drops?

Supporting The Global Insurrection Against Banker Occupation
BTC: 1C1w6t1dMkEXeCntURxDiBiWsTbdJbvTr9
NMC: N6uNpVPAdpTur4Hwr8Sqgd6kxcKPto4S2T
fivebells
Sr. Member
****
Offline Offline

Activity: 462
Merit: 250


View Profile
October 08, 2011, 09:02:46 PM
 #3

My strategy so far has been to stay on the sidelines.  Haven't regretted it, so far. Smiley
Revalin
Hero Member
*****
Offline Offline

Activity: 728
Merit: 500


165YUuQUWhBz3d27iXKxRiazQnjEtJNG9g


View Profile
October 08, 2011, 10:54:41 PM
 #4

I invest my BTC in USD.  I'm getting 1500% ROR over the last few months!

It's my opinion that the BTCs fundamentals are still in the low-cents range, and even with rampant speculation to support the price it's still going under a buck.  I'm a total bear.  Smiley

So, to answer your question: Unless you need to spend them now, the cheapest BTCs are the ones you buy in the future.

      War is God's way of teaching Americans geography.  --Ambrose Bierce
Bitcoin is the Devil's way of teaching geeks economics.  --Revalin 165YUuQUWhBz3d27iXKxRiazQnjEtJNG9g
Mageant
Legendary
*
Offline Offline

Activity: 1145
Merit: 1001



View Profile WWW
October 09, 2011, 06:00:32 PM
 #5

I use about the same routine. I set a bid a bit below the current level and just wait until it gets filled. Which can take a week or more. Once that gets filled then I make a new, lower bid. All the time I keep a part of my cash free for a steep drop in price.

cjgames.com
Als Pawnshop
VIP
Member
*
Offline Offline

Activity: 103
Merit: 10


View Profile
October 10, 2011, 02:22:00 AM
 #6

How about buy goods locally that are cheap and then sell them for bitcoin?  You'll end up paying much much less than market price that way.
Als Pawnshop
VIP
Member
*
Offline Offline

Activity: 103
Merit: 10


View Profile
October 12, 2011, 04:38:51 AM
Last edit: October 12, 2011, 05:58:16 AM by Als Pawnshop
 #7

How about buy goods locally that are cheap and then sell them for bitcoin?  You'll end up paying much much less than market price that way.
i sent a GPU that was broken back tot he provider it cost me 24€(was inside EU) said GPU cost me 112€, shipping tax cost me 20% of the item value
do you really believe i can send good overseas at a competitive price and i have to tank the VAT, that will kill my margins



how about ... next time you wont make a off topic reply  Grin Grin Grin

I don't think my reply was off-topic.  Last time I bought BTC for cash was around $0.60.  Since then all the BTC I've gotten is through commerce and I've accumulated 5 times what I had to start with selling some along the way.  Obviously you can't choose goods that are already overpriced and overtaxed in your locality.  You gotta be wise about it and I'm sure you could find something to buy cheap and sell high.  It's an axiomatically derived theorem in economics that every place and every person has to have a relative advantage in producing SOME good.  At the same time you'll be benefiting the bitcoin community by adding value to the "real" economy beyond simply currency exchange/speculation.

PS:  If you're looking to just exchange cash for bitcoins then you can buy them from me for a pretty nice discount, hint, hint.
Mageant
Legendary
*
Offline Offline

Activity: 1145
Merit: 1001



View Profile WWW
October 12, 2011, 09:54:46 PM
 #8

Whoa, I noticed a steep shart price this morning at about 1am GMT.
My buy order which was quite low ($3.5) got filled.
What happened?

cjgames.com
Als Pawnshop
VIP
Member
*
Offline Offline

Activity: 103
Merit: 10


View Profile
October 13, 2011, 03:58:06 PM
 #9

do u know how VAT works ? every single service and product have a VAT so all stuff is overtaxed

Not exactly.  Here we have a sales tax but everyone evades it.  Do you really pay VAT on everything? 
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!