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Author Topic: $640 good price to buy?  (Read 5274 times)
LaurenMac (OP)
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March 10, 2014, 05:17:09 PM
 #1

I just read this analysis about $640 being a pivot point. it is suggesting that it is a good time to buy.

http://bitscan.com/articles/analysis/btc-update-9-march

He has a great chart showing the pricing trend as well.
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March 10, 2014, 05:28:05 PM
 #2

I bought 1 btc today.
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March 10, 2014, 06:12:34 PM
 #3

Short term you may not see huge gains, but long term it is most likely a good price
Predatorian
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March 10, 2014, 06:16:14 PM
 #4

now it's 622$ so imo now it's good time to invest some money, gl!

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March 10, 2014, 06:19:14 PM
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You should buy it since its gonna rise Smiley
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March 10, 2014, 07:07:59 PM
Last edit: March 10, 2014, 07:36:45 PM by BitChick
 #6

It is a better price than $1200  Grin




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March 10, 2014, 07:27:29 PM
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I think is cheap than buy mining hardware ... reminds me 2 years ago when butterfly accepted bitcoin/dollar then the BTC price has dropped and costumers was arguing that they should receive more bitcoins back for canceled orders then... Grin

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March 10, 2014, 07:37:36 PM
 #8

I just read this analysis about $640 being a pivot point. it is suggesting that it is a good time to buy.

http://bitscan.com/articles/analysis/btc-update-9-march

He has a great chart showing the pricing trend as well.

We will see mid $500 Bitcoin again soon enough.

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akujin
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March 10, 2014, 07:41:34 PM
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 Grin Grin Grin

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BitChick
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March 10, 2014, 07:48:19 PM
 #10

I just read this analysis about $640 being a pivot point. it is suggesting that it is a good time to buy.

http://bitscan.com/articles/analysis/btc-update-9-march

He has a great chart showing the pricing trend as well.

We will see mid $500 Bitcoin again soon enough.

I don't know.  I think $5000 is an option too.  That is the crazy thing with Bitcoin.  It has a mind of it's own.  Hence why holding some coins at all times has been a good strategy. 

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March 10, 2014, 07:51:11 PM
 #11

If you're a minute by minute type of buyer then I don't think anyone can tell you what's what. If you can afford the number of coins you want then it's worth going for a reasonable chunk now.
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March 10, 2014, 07:52:30 PM
 #12

It's always a good time to buy, HODL!

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March 10, 2014, 09:13:54 PM
 #13

It is a better price than $1200  Grin





And not as good a price as $5.

The difference is that it will be $1200 again soon enough, but don't expect to ever see $5 again.
MatTheCat
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March 10, 2014, 10:27:36 PM
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I don't know.  I think $5000 is an option too.  That is the crazy thing with Bitcoin.  It has a mind of it's own.  Hence why holding some coins at all times has been a good strategy. 

If thinking that is what makes you happy......

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March 10, 2014, 10:55:19 PM
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I don't know.  I think $5000 is an option too.  That is the crazy thing with Bitcoin.  It has a mind of it's own.  Hence why holding some coins at all times has been a good strategy. 

If thinking that is what makes you happy......

It makes me happier to dream of $5000 than to anticipate $500 again. Wink  But I am wise enough to know that Bitcoin can do anything it wants to do.  There is no guarantees in life except death and taxes.

I was arguing with a friend a bit yesterday.  He was trying to convince me that Bitcoin was a gamble.  I was trying to explain that so was putting money in the stock market, in a 401K, in real estate or even just holding it in USD.  All of these things are "gambles."  It just depends on how you look at it.  Another friend said that is why he likes gold and silver.  I suppose of all the other options, it is probably a good choice but Bitcoin really is not as big of a "gamble" as people seem to think, especially for long term holders.

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March 10, 2014, 11:51:51 PM
 #16

I don't know.  I think $5000 is an option too.  That is the crazy thing with Bitcoin.  It has a mind of it's own.  Hence why holding some coins at all times has been a good strategy. 

If thinking that is what makes you happy......

It makes me happier to dream of $5000 than to anticipate $500 again. Wink  But I am wise enough to know that Bitcoin can do anything it wants to do.  There is no guarantees in life except death and taxes.

I was arguing with a friend a bit yesterday.  He was trying to convince me that Bitcoin was a gamble.  I was trying to explain that so was putting money in the stock market, in a 401K, in real estate or even just holding it in USD.  All of these things are "gambles."  It just depends on how you look at it.  Another friend said that is why he likes gold and silver.  I suppose of all the other options, it is probably a good choice but Bitcoin really is not as big of a "gamble" as people seem to think, especially for long term holders.


Any investment is a calculated gamble.   If it was a guaranteed thing, then everyone would dump their life savings into it.  I think as time goes on, the variance obviously decreases little by little, but ultimately it is still a gamble.   Most people are creatures of habit, and anything that is different from what is considered the norm makes them uncomfortable, and as a result they talk it down. 
Sindelar1938
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March 11, 2014, 04:07:14 AM
 #17

Think we might see the mid 500s again before we pull up again

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March 11, 2014, 07:42:11 AM
 #18

I thought 640 is a good opportunity to short... and it was  Grin
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March 11, 2014, 08:01:00 AM
 #19

I don't know.  I think $5000 is an option too.  That is the crazy thing with Bitcoin.  It has a mind of it's own.  Hence why holding some coins at all times has been a good strategy.  

If thinking that is what makes you happy......

It makes me happier to dream of $5000 than to anticipate $500 again. Wink  But I am wise enough to know that Bitcoin can do anything it wants to do.  There is no guarantees in life except death and taxes.

I was arguing with a friend a bit yesterday.  He was trying to convince me that Bitcoin was a gamble.  I was trying to explain that so was putting money in the stock market, in a 401K, in real estate or even just holding it in USD.  All of these things are "gambles."  It just depends on how you look at it.  Another friend said that is why he likes gold and silver.  I suppose of all the other options, it is probably a good choice but Bitcoin really is not as big of a "gamble" as people seem to think, especially for long term holders.

OK, all of those things are gambles. Even going out to buy some bread can be considered a "gamble" because, if things don't go as expected, one can be run over by a car and die. But I hope you realize that investments like real estate and the very USD don't carry the same volatility and risk of Bitcoin.

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March 11, 2014, 09:11:31 AM
 #20

Seeing as I bought at $1000, yes, $640 is a GREAT price to buy....

 Angry
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