Who wishes they had bought bitcoin when it was $540 or so?

[Benjig]

I had bought a few coins when they were going at $10 apiece. Paid a 20% premium as well (localbitcoins). Spent some $48 in total, to purchase 4 coins. Hmmm.... what would have happened if I had bought coins for $4,800 instead of $48? 

Yeah me too but buying at that time , there was a sentiment of like wasting your money literally, like if you were buying a videogame currency, so i think only the people who already had alot of money were able to purchase btcs in bulk

[MatTheCat]

The recent price just has me kicking myself for not buying in. Add in the fact you can now trade bitcoins on your iPhone and it's just hurts.

Also, who think it's weird that bitcoins top out at $600-650 or thereabouts. I think a lot of people got burned buying at $600-1000 during that big boom, and are cashing out as soon as they break even.

Thoughts?

I wish I never sold the Bitcoin I bought at $460 for $520, in anticipation of the 'correction'.........which I am still waiting on.

[sgbett]

When bitcoin reaches $5,000+ is it really going to matter if you bought in at $540 or $640?

People say this a lot, whilst I appreciate the real issue is that you just need to make sure you buy in, the difference between investing 1k at 540 or 640 if it goes to 5k is

$7812 vs $9259

So it kind of matters a bit. Just not as much as it matters if you bought nothing!

having said that... never wait for the bottom, when you can buy today

[pinksheep]

We'll probably soon be saying 'wish I'd bought in when they were only in the hundreds rather than the thousands'.

[jonald_fyookball]

The recent price just has me kicking myself for not buying in. Add in the fact you can now trade bitcoins on your iPhone and it's just hurts.

Also, who think it's weird that bitcoins top out at $600-650 or thereabouts. I think a lot of people got burned buying at $600-1000 during that big boom, and are cashing out as soon as they break even.

Thoughts?

I wish I never sold the Bitcoin I bought at $460 for $520, in anticipation of the 'correction'.........which I am still waiting on.

We already had a correction from 680 to 630... Now I think prices can go to 700s in the next 1-2 weeks.

[CEG5952]

Well, obviously now that it's near $660, I wish I bought (more) at $540. I wish I bought (more) at $470 too. I was too scared to buy in the $300s -- really wish I had the balls to stick my bids in when we were down there.

[Gimmelfarb]

i wish i had bought at $.01, but never heard of bitcoin until it was over $200, LOL. i bought at $160 on that april bull trap, and then panic sold on the way down to $55 or whatever, good times. wish i bought at $60....

[RUEHL]

I was introduced to Bitcoin when it was trading at $11 back in 2011.  I wasn't ready to accept it at the time, and if I did buy I probably would've sold at all the next peak when it hit $18 or $30.  

Only when I became educated on fractional reserve banking, FIAT, and how the central banking system has influenced past history, then I was able to accept that his a long term investment vehicle.

I also realized that trying to find the bottom is silly in the grand scheme of things.  

[MatTheCat]

We already had a correction from 680 to 630... Now I think prices can go to 700s in the next 1-2 weeks.

Yup, we eventually did have our correction. But only a 23% Fib ratio correction. That isn't very much. I was sitting babysitting my position when it hit $620 the otherday as well, but that wasn't a good enough correction for me, so $660 it was and that will be me out of trying to trade Bitcoins for the next little while since my recent attempts have served as nothing but a means of profit minimisation.

Prices could go easily go higher than $700 in 1-2 weeks.

[jonald_fyookball]

We already had a correction from 680 to 630... Now I think prices can go to 700s in the next 1-2 weeks.

Yup, we eventually did have our correction. But only a 23% Fib ratio correction. That isn't very much. I was sitting babysitting my position when it hit $620 the otherday as well, but that wasn't a good enough correction for me, so $660 it was and that will be me out of trying to trade Bitcoins for the next little while since my recent attempts have served as nothing but a means of profit minimisation.

Prices could go easily go higher than $700 in 1-2 weeks.

I said $700s....meaning $700 to $799.

I think using traditional technical analysis works even less on bitcoin market because the market is shallow and also there are blocks being mined all the time.   I love trading and technical analysis but I don't think this is the market for that. 

I think the best strategy is just load up as much as we can and hold it. The days of sub-$1000 prices are numbered.

[mskryxz]

That's why I always buy weekly and hodl. Never sell. When I buy something with bitcoins, I immediately buy back to replace my btc.

[byronbb]

There may be selling pressure at $700-$1000 by those hoping to get out and break-even. These people will be suckers twice.

[btc6000]

There may be selling pressure at $700-$1000 by those hoping to get out and break-even. These people will be suckers twice.

Plus, all the wannabe traders will be trigger-happy around the ATH, so increased volatility. No doubt persons-unknown will throw in a well-timed bit of FUD, so that should shake out the weak.

In the meantime, some of us just stick to the fundamentals.

[Parazyd]

In my honest opinion, this is all cheap coins. And the train is leaving.

[CEG5952]

There may be selling pressure at $700-$1000 by those hoping to get out and break-even. These people will be suckers twice.

Yes, they will. But I have not discarded the possibility that if we clear the resistance in the $700s, that we could top out this rally with another test of the $1000 level. Wouldn't surprise me at all, really.

[deadley]

I sold my Bitcoins around 520, and now regretting that decision Bitcoin jump from there and now waiting for correction so will buy back.

[darlidada]

I sold my Bitcoins around 520, and now regretting that decision Bitcoin jump from there and now waiting for correction so will buy back.

lol how come people never learn from their mistakes? are you gonna do the same kind oferror twice? What if there are no correction coming ? What if the jump we just had was a correction?

[jbrnt]

It is impractical to wish you bought bitcoin at whatever price. If you feel so strongly about bitcoin, which I do, buying in now at current prices is not expensive at all. Even if bitcoin dips again, you know it has strong support about $400-$500, so you won't loose much anyway.

[pinksheep]

I know I'm jumping the gun a bit, but that's what worries me when people say the next bull run will peak at $4-6k. Though I'd love to cash out & buy back cheaper, it might not make a correction, but just continue upwards. Wasn't there an instance in the past where 2 bubbles came quite close together with very little correction in between? Think I read something like that, though it was long before my involvement in BTC.

[jonald_fyookball]

if we could predict what price will do in any market we would already be rich traders, we wouldn't even need bitcoin to make lots of millions.