HurricanOday (OP)
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May 15, 2014, 04:29:57 AM |
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So I have purchased 4 coins at about 440-450 over the last week or so. I now have a total of 5 coins, thinking about going 2-3 more coins in the next week or so again. Price has been pretty consistent at around 440-450
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Toxic2040
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May 15, 2014, 05:41:24 AM |
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How do you feel is the important question.
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wonkytonky
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May 15, 2014, 08:54:32 AM |
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put up some mini wall 100btc when ppl sell and let them sell right into your wall..
make a stair down to 400 ish with those 100btc mini walls..
i think we might try to go 400 at best.. last 1k sell just retraced completely so anyone betting on lower prices are taking a big risk..
i'm buying each month after paycheck comes in. .whatever the price is below 500$ is fine by me.
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Whatever. And no you haven’t been in bitcoin since 2010. Plus if you really feel the way you do. Then sell. Have conviction. If not keep pounding sand.
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RUEHL
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May 17, 2014, 07:07:34 AM |
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I would recommend dollar cost averaging especially during slow times like this. Don't want to be caught with only 1 BTC next time it skyrockets. Last year in 2013, it was pretty much sideways from April to August and it looks like we may see similar this year.
What I like to do, is buy on bad news (FUD) when everybody is selling (Gox, China Bank Ban, etc...).
I'm thinking the next FUD might be China closing some huge exchange like OKcoin or Huobi. That could easily bring BTC into the 300's.
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Donate BTC: 1FzpMgR34pJbEqtiMEujRiidoL7PgGPaUH
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picolo
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May 17, 2014, 01:34:28 PM |
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So I have purchased 4 coins at about 440-450 over the last week or so. I now have a total of 5 coins, thinking about going 2-3 more coins in the next week or so again. Price has been pretty consistent at around 440-450
The price is very steady and stable Don't forget to protect your coins.
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HurricanOday (OP)
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May 17, 2014, 09:17:56 PM |
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gonna buy 2 more for a total of 7.
I still don't see where I can take my coins out of coinbase to "secure" them. Seems to me you guys are saying to take my money out of my bank account, but instead we are talking about bitcoins?
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bitebits
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May 17, 2014, 09:26:28 PM |
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You can, for example, transfer them to a paper wallet address. As long as you don't own the private key, you don't really own your bitcoins. https://www.bitaddress.org/
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- You can figure out what will happen, not when /Warren Buffett - Pay any Bitcoin address privately with a little help of Monero.
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Kupsi
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9.9.2012: I predict that single digits... <- FAIL
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May 17, 2014, 11:49:53 PM |
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gonna buy 2 more for a total of 7.
I still don't see where I can take my coins out of coinbase to "secure" them. Seems to me you guys are saying to take my money out of my bank account, but instead we are talking about bitcoins?
Here is a good guide: http://www.reddit.com/r/BitcoinWallet/comments/1p6y5c/secure_paper_wallet_tutorial/
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Bit_Happy
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A Great Time to Start Something!
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May 18, 2014, 01:15:35 AM |
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It is much better to buy $5k in Bitcoin now, than to pay $5,000/BTC later. The longer the current bottom holds, the riskier it gets to be in fiat garbage.
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Biodom
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May 18, 2014, 01:38:01 AM |
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It is much better to buy $5k in Bitcoin now, than to pay $5,000/BTC later. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) One can use the rest of 2014 to slowly accumulate XBT/BTC. Say, use 5 % of your income to steadily buy BTC every two weeks. Even if it goes to zero eventually, your losses will be limited. If, on the other had, BTC will be THE MONEY in 10-15 years, relatively small amounts of BTC accumulated now will be very valuable later on.
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Unluckyduck
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May 18, 2014, 02:13:13 AM |
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You should definitely jump in now before the stability breaks and we are riding the wave all the way to the new ATH!
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ejinte
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May 18, 2014, 10:13:39 AM |
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You should definitely jump in now before the stability breaks and we are riding the wave all the way to the new ATH!
Lol once the uptrend starts it will be a rocket!
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thelema93
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May 18, 2014, 03:09:39 PM |
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the levelling out of the BTC price right now around $450 is exactly what i predicted and in a few months it will go exponential again. Now is definitely the time to buy. Maybe it will go down a bit to $350 but not much less. After hitting an all time high of $10,000 next year after a big sell off it will probably level off at over $2000 so then we will be in the new era of mBTC prices. As long as the price doesn't sink below 1$ per mBTC for a good few months that is. Then it'll be a whole new thing.
(sorry did I mention I have a psychic time machine?)
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RandomPedestrianN9
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May 18, 2014, 03:11:25 PM |
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the levelling out of the BTC price right now around $450 is exactly what i predicted and in a few months it will go exponential again. Now is definitely the time to buy. Maybe it will go down a bit to $350 but not much less. After hitting an all time high of $10,000 next year after a big sell off it will probably level off at over $2000 so then we will be in the new era of mBTC prices. As long as the price doesn't sink below 1$ per mBTC for a good few months that is. Then it'll be a whole new thing.
(sorry did I mention I have a psychic time machine?)
Sounds legit, the volume supports it.
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r34tr783tr78
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May 18, 2014, 04:39:18 PM |
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To buy at 450 now when you might have the opportunity to buy at 350 (your number, not mine) doesn't look sound to me. This low volume on a small short-term uptrend (it went from about 430 to 452 on Bitstamp), followed by this current prolonged top at 450 with slow decline, seems to reveal exhaustion of the bull side. I can say the same about Huobi. But make your own decisions.
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Crindon
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May 19, 2014, 05:10:58 AM |
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I would go ahead with it. Bitcoin is incredibly well priced now for buying. It's experienced a huge drop, but there is still a lot of upside potential with it, so definitely, it's a great buy. I would put more in if you could, but only as much as you are willing to lose.
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HurricanOday (OP)
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May 23, 2014, 01:52:52 AM |
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I was only able to get 5.14 bitcoins total before this little jump, with most being 420-450. Coinbase decided cancel 2 of my coins because of security reasons which really seems fishy to me. I obv don't want to buy on the higher side but I will see where the price ends up and maybe get a couple more coins.
Seems like the price is going to continue to climb?
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malykii
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May 23, 2014, 02:38:13 AM |
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I have been watching this thread as well, and am curious as to others thoughts on this rise too. I don't have the money the OP had to invest, but I have been holding a small bubble of fiat for 1-2 coins, with the hopes of catching it before the next rise.
Is this the rise that should bring fence watchers like myself into the game?
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theonewhowaskazu
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May 23, 2014, 04:48:45 AM |
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I have been watching this thread as well, and am curious as to others thoughts on this rise too. I don't have the money the OP had to invest, but I have been holding a small bubble of fiat for 1-2 coins, with the hopes of catching it before the next rise.
Is this the rise that should bring fence watchers like myself into the game?
Probably. I never sold, tbh, so I don't have fiat, but I'm considering going leverage long all of a sudden. Its pretty clear its some kind of breakout. However, if you'Re going to need the fiat in the near future I'd advise against it. If you can hold out for like 2 years worst case scenario, then yep I'd definately strike. I think the odds of it doubling in the next 2 years are higher than the odds of you being able to get a significantly preferable price. And by significantly preferable I mean < 400.
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