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Author Topic: Are YOU buying bitcoins?  (Read 2780 times)
AtlasONo
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May 13, 2011, 01:19:55 PM
 #1

The exchange rate is at an all time high and then some. Are you buying coins at $7.50 USD/BTC and if so why?


I want to get off Mr Swedes wild ride.
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May 13, 2011, 01:22:53 PM
 #2

Yes, I have bought some. Because I believe it will rise much further, even in the short term.

"Bitcoin had been transformed from an anarachistic challenge to the financial status quo, to the crypto spawn of Satan, fuelled by cut-throat greed and delusions of avarice." - MatTheCat
grondilu
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May 13, 2011, 01:23:32 PM
 #3

I buy at any price below 1000EUR/BTC.

Sukrim
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May 13, 2011, 01:57:43 PM
 #4

I buy at any price below 1000EUR/BTC.
I can offer you 5 BTC at 999$each - interested? Wink

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proudhon
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May 13, 2011, 01:59:33 PM
 #5

Yes, I have bought some. Because I believe it will rise much further, even in the short term.

Pffffff, I'm selling and recovering initial investments before the big crash.
grondilu
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May 13, 2011, 02:43:02 PM
 #6

I buy at any price below 1000EUR/BTC.
I can offer you 5 BTC at 999$each - interested? Wink

No, since I can find cheaper at mtgox.

Saying that I buy at any price doesn't mean I chose the worst offer.
Justsomeforumuser
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May 14, 2011, 04:31:26 PM
 #7

Pffffff, I'm selling and recovering initial investments before the big crash.

Dito. I'd rather average out as price rises than sit on 1000 BTC when they move to 0.


Sad part is that all of this fun and profiting will only be possible on the back of a "select few/many" that end up with the short straw in the end, having given all the real world money they can to the rest that cashed out while now stuck with BTC..

Ho-Hum.
abyssobenthonic
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May 14, 2011, 05:07:52 PM
 #8

Pffffff, I'm selling and recovering initial investments before the big crash.

Dito. I'd rather average out as price rises than sit on 1000 BTC when they move to 0.

One strategy is to target a USD value for your bitcoin holdings (especially if you're planning to retire in the US on the basis of bitcoin holdings) and then set (m,n) so that you're periodically selling m% of your holdings and buying US$n worth of bitcoin (obviously netting those two out).  E.g. you'll eventually have US$1m if you're selling 0.01% and buying $100 every month (you'll only be net-selling if your bitcoin holdings are currently above US$1m, but as long as the bitcoin price isn't monotonically decreasing over the discrete transaction times, you'll most likely build-in some trading profit as you bought more when it was cheap thus reducing your cost basis)

14wSP6EF4RQ1wW2wcgGi9tDh6MB6tQm3sg
vuce
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May 14, 2011, 05:12:02 PM
 #9

I bought some as a long term - high risk investment. (or possibly to buy stuff with them when they get more widely accepted)
kiba
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May 14, 2011, 05:13:09 PM
 #10

I don't buy bitcoin. I horde or earn them through trade.

Anth0n
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May 14, 2011, 10:10:52 PM
 #11

I'm buying because they are still cheap. People say "They won't keep increasing in value because they can't be used for many things", but I have faith that economics is correct and entrepreneurs will continue to innovate in the Bitcoin economy. More goods and services will continue to be offered, and by the time the average Joe realizes that Bitcoins are a solid medium of exchange, the price will already be sky high.

I like to think that I'm not investing in a digital commodity, but in a new economy.
StarenseN
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April 03, 2013, 07:27:50 PM
 #12

Pffffff, I'm selling and recovering initial investments before the big crash.
haha
bitcoinnix
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April 03, 2013, 08:12:10 PM
 #13

Pffffff, I'm selling and recovering initial investments before the big crash.
haha
I have a feeling this will be the new sport for a while -  digging up old "it's going to crash soon" threads and replying to them in hopes the OP was email subscribed...

BEWARE:  NOTROLL.IN POOL MAY STEAL YOUR GENERATED LTC
Original thread starts here:  https://bitcointalk.org/index.php?topic=92716.msg1782471#msg1782471
Theft discussion thread is here:  https://bitcointalk.org/index.php?topic=172667.0
Mosper
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April 03, 2013, 08:30:00 PM
 #14

I sincerely would like everyone to realize their bitcoin ride isn't over until they A) cash out or B) die. Until one of those two things you have hypothetical profit because bitcoins could be back to $5 tomorrow.

Me? I'm just the cynical voice floating in the sea of unchecked optimism.
Gordonium
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April 03, 2013, 08:31:54 PM
 #15

I buy at any price below 1000EUR/BTC.

This is what I am doing. Im turning all my fiat money into Bitcoin as fast as I can. And probably I will continue doing so even after 1000EUR/BTC if the fundamentals are still okay.
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