adamstgBit (OP)
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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November 03, 2011, 01:19:45 AM |
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did you buy a bitcoin today? or maybe yesterday?
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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ElectricMucus
Legendary
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Activity: 1666
Merit: 1057
Marketing manager - GO MP
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November 03, 2011, 01:22:07 AM |
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Idk does scalping the volatility count as buying?  In case it's not, count me in for the latter option. |
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RyNinDaCleM
Legendary
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Activity: 2408
Merit: 1009
Legen -wait for it- dary
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November 03, 2011, 01:28:51 AM |
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What? no yesterday, today and maybe tomorrow too?  |
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adamstgBit (OP)
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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November 03, 2011, 02:47:35 AM |
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so who is buying all these bitcoins? the banks?  |
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finway
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November 03, 2011, 02:49:26 AM |
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you mine it , sell it , and you buy it.
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memvola
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November 03, 2011, 03:16:52 AM |
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I said no, then went buy some. How come I can't change my vote?
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Vandroiy
Legendary
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Activity: 1036
Merit: 1002
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November 06, 2011, 06:20:54 PM |
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Oops, misread, "or maybe yesterday" made me click yes before reading all options. To escape the dilemma, I bought a few more. Now I'm certain my answer is correct.  |
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quartz92
Member
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Activity: 72
Merit: 10
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November 06, 2011, 09:13:53 PM |
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Everyone is just waiting on one big move and ride that train. Where are themanipulator's, this scenario is easiest to take advantage of lol.
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casascius
Mike Caldwell
VIP
Legendary
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Activity: 1386
Merit: 1136
The Casascius 1oz 10BTC Silver Round (w/ Gold B)
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November 06, 2011, 09:20:28 PM |
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Each time someone buys Casascius Physical Bitcoins I am buying a couple bitcoins or more.
I charge BTC for shipping, I pay for the shipping with USD, and am not exchanging the BTC for USD. So in effect, I am slowly buying BTC for USD with each sale.
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Companies claiming they got hacked and lost your coins sounds like fraud so perfect it could be called fashionable. I never believe them. If I ever experience the misfortune of a real intrusion, I declare I have been honest about the way I have managed the keys in Casascius Coins. I maintain no ability to recover or reproduce the keys, not even under limitless duress or total intrusion. Remember that trusting strangers with your coins without any recourse is, as a matter of principle, not a best practice. Don't keep coins online. Use paper or hardware wallets instead.
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jimbobway
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Activity: 1304
Merit: 1014
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November 06, 2011, 09:31:03 PM |
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Once i find a job, a portion of my paycheck will be converted to bitcoins. Maybe 10% or more.
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HappyFunnyFoo
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November 06, 2011, 11:50:46 PM |
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No, I bought about 5 bitcoins last March. I figured, if the bulls are right and they reach a valuation of $1,000,000 per coin, then I'm fine with my initial investment. I also figured they're probably wrong, which they are being proved at the current time.
I haven't sold them, and don't plan on it!
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Cluster2k
Legendary
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Activity: 1692
Merit: 1018
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November 07, 2011, 10:10:12 AM |
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Bought one, and sold one. The market is dead at the moment. Little volume, no price movements.
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worldinacoin
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November 07, 2011, 10:11:25 AM |
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Never bought a single bitcoin, all bitcoins I am having are self mined.
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Litt
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November 07, 2011, 05:12:48 PM |
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As a miner, I am selling my daily income because the margin to make profit is very slim. I can't take the chance of price dropping again even a little and taking the little margin I have taking me negative.
It's just way too unpredictable for me now and price percentage swings have been getting higher as we make lower dips making this risk even greater. I won't have any risk losing money mining this way for the time being.
I'll be completely fine with buying back in at $5+ in a confirmed rally situation to take my share, rather than risking my money @ $3 now in a long term decline trend trying to find bottom. I can wait til things change in the other direction though.
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ElectricMucus
Legendary
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Activity: 1666
Merit: 1057
Marketing manager - GO MP
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November 07, 2011, 05:17:55 PM |
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As a miner, I am selling my daily income because the margin to make profit is very slim. I can't take the chance of price dropping again even a little and taking the little margin I have taking me negative.
It's just way too unpredictable for me now and price percentage swings have been getting higher as we make lower dips making this risk even greater. I won't have any risk losing money mining this way for the time being.
I'll be completely fine with buying back in at $5+ in a confirmed rally situation to take my share, rather than risking my money @ $3 now in a long term decline trend trying to find bottom. I can wait til things change in the other direction though.
I might get flamed for this, but you can transfer your bitcoins to bitcoinica and use them as collateral to short more bitcoins  Ahhh the irony, lol |
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Vandroiy
Legendary
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Activity: 1036
Merit: 1002
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November 08, 2011, 12:42:28 PM |
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Everyone is just waiting on one big move and ride that train. Where are themanipulator's, this scenario is easiest to take advantage of lol.
*Sighs* If what you say is true, the correct tactic is to delay the rally and secretly buy as much as possible at low prices. Why does everybody believe some idiotic buy-high-sell-higher rampage manipulator would be so very effective? You always try to buy low, a rally *while* you are buying is bad, it should happen only afterwards. Otherwise, how does "the manipulator" (I'm so tired of that nonsense) get his volume through? No, I bought about 5 bitcoins last March. I figured, if the bulls are right and they reach a valuation of $1,000,000 per coin, then I'm fine with my initial investment. I also figured they're probably wrong, which they are being proved at the current time.
I want to commend your tactic. It is one you can't regret, but can make money with. If more people would think that way, Bitcoin would gain support without high risk for anyone! Your rough estimates are correct, you're certainly on the good side of Kelly's Criterion, which means not betting too much of your money, and on average, that tactic gives good returns. Though waiting for 1MUSD per coin is probably overdoing it.  As things are, I recommend that people who don't feel to do serious speculating still buy 20 BTC or so. It's not something to cry about if they're lost, the innovative project is supported, and it gives them good profit if Bitcoin happens to survive. |
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GreekBitcoin
Legendary
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Activity: 1428
Merit: 1001
getmonero.org
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November 08, 2011, 05:04:37 PM |
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The difficult thing with bitcoins is that it is difficult to buy them at first. Especially with euro. And when you do you pay too much for banks, exchanges etc. otherwise i would buy right now 200BTC . But i dont want to pay 15% or 10% or 5% at first....
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BTCurious
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November 09, 2011, 01:52:57 AM |
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I got payed 20 BTC for a thing I did. Does that count?
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worldinacoin
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January 07, 2012, 12:01:36 AM |
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I just sold at $7, kinda regretted it and thinking of buying in. But the prices haven't drop much. Seen bitcoin at $2, quite hesitant on whether to buy back or not  |
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Qoheleth
Legendary
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Activity: 960
Merit: 1028
Spurn wild goose chases. Seek that which endures.
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January 07, 2012, 12:16:03 AM
Last edit: January 07, 2012, 01:23:21 AM by Qoheleth |
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Nah. What with one thing and another, I haven't had the liquidity to join in on this rally.
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If there is something that will make Bitcoin succeed, it is growth of utility - greater quantity and variety of goods and services offered for BTC. If there is something that will make Bitcoin fail, it is the prevalence of users convinced that BTC is a magic box that will turn them into millionaires, and of the con-artists who have followed them here to devour them.
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