nuff
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October 10, 2014, 04:07:40 AM |
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not going to back that range i'm afraid. just barely touching 350 maybe but most definitely not 300 anymore. sigh like you i've exhausted all my funds and would like to get some more cheap coins but good times don't last. still, 400 is still fundamentally cheap if you base it on the actual production cost and not the supply and demand market.
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fewcoins
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October 10, 2014, 04:51:17 AM |
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not going to back that range i'm afraid. just barely touching 350 maybe but most definitely not 300 anymore. sigh like you i've exhausted all my funds and would like to get some more cheap coins but good times don't last. still, 400 is still fundamentally cheap if you base it on the actual production cost and not the supply and demand market.
Do your research, miners can still profit at double digits per coin... how is 300 cost of production???
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nuff
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October 10, 2014, 07:22:57 AM |
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not going to back that range i'm afraid. just barely touching 350 maybe but most definitely not 300 anymore. sigh like you i've exhausted all my funds and would like to get some more cheap coins but good times don't last. still, 400 is still fundamentally cheap if you base it on the actual production cost and not the supply and demand market.
Do your research, miners can still profit at double digits per coin... how is 300 cost of production??? I never said 300 is the cost of production. actual (legitimate and normal)production cost of one single btc is about 520-550. Miners mine at a loss, much less profit, anything below 500, so your out-of-thin-air claim miners can still profit at double digits not only shows your own lack of research but also your stupidity, and I might also add, your trolling.
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RockHound (OP)
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October 10, 2014, 11:17:54 AM |
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not going to back that range i'm afraid. just barely touching 350 maybe but most definitely not 300 anymore. sigh like you i've exhausted all my funds and would like to get some more cheap coins but good times don't last. still, 400 is still fundamentally cheap if you base it on the actual production cost and not the supply and demand market.
Hey man cheers for posting! Yeah we touched/went slightly below $350 for a few minute yesterday. The market since has been fluctuating in the $365 range (that's still fairly cheap atm) To my surprise I woke up before and found that my funds arrived, this time it only took 2-3 business days to wire - I have already placed a Limit Order (Normally I tend to buy close to market rate) but this time decided to shoot a little lower and set an order @ $343.05. I don't have the luxury of waiting days so will adjust my price up over the next 6Hrs - I think you are right though, and we wont see eg.$330 range short-term now. Like you say BTC's still "cheap" so happy if I end up paying $380 range but extra sweet if can get $340-350 zone again??
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RockHound (OP)
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October 10, 2014, 11:24:49 AM |
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not going to back that range i'm afraid. just barely touching 350 maybe but most definitely not 300 anymore. sigh like you i've exhausted all my funds and would like to get some more cheap coins but good times don't last. still, 400 is still fundamentally cheap if you base it on the actual production cost and not the supply and demand market.
Do your research, miners can still profit at double digits per coin... how is 300 cost of production??? Don't know much about mining - I think your are right in saying it can be profitable (in fact, just in my eyes, I think the Alt market is mostly speculators right now) Are you thinking about mining Alts? I wouldn't know which Alt to point my hashing power to, guess I would be switching between different coins every 5-36Hrs.
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RockHound (OP)
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October 10, 2014, 11:37:15 AM |
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Don't think I got math right on this, but maybe roughly. Waiting to pick up a Limit Order @$347.06 currently (will keep moving price up) For that to occur I need ~3500BTC net dump to happen (my exchange tracks BitStamp very closely) Guessing there's a few other folks here waiting for that too lol
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calchuchesta
Member
Offline
Activity: 124
Merit: 11
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October 10, 2014, 04:05:10 PM |
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OP: Im sorry to tell you, anyone that didn't buy Bitcoin at double digits (ideally single digit...) missed the boat big big time. We are still able to make profit of course, but far from retiring imo.
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RockHound (OP)
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October 10, 2014, 04:16:39 PM |
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OP: Im sorry to tell you, anyone that didn't buy Bitcoin at double digits (ideally single digit...) missed the boat big big time. We are still able to make profit of course, but far from retiring imo.
Yeah, safe to say missed that $xx boat lol Short-term though - You could have bought in yesterday @$349 (1minute window). Seems like we are getting pretty close to it again? My Limit Order is still set relatively low but happy to buy-in at any time now. Are you also buying today or what you reckon today's low will be/what I should set Limit Order to?
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botany
Legendary
Offline
Activity: 1582
Merit: 1064
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October 11, 2014, 11:28:26 AM |
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$350 will look like an attractive price some time from now. Don't miss this boat!
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RoadTrain
Legendary
Offline
Activity: 1386
Merit: 1009
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October 11, 2014, 11:42:50 AM |
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We're likely heading to low 300s, I set some orders at 330.
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RockHound (OP)
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October 11, 2014, 01:33:25 PM Last edit: October 11, 2014, 01:45:45 PM by RockHound |
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$350 will look like an attractive price some time from now. Don't miss this boat! cheers brother, I'm on it - So my Limit Order has been in since all yesterday - I've moved it to $345/BTC - We're so close!!! Most likely gonna pay $350-360 I'm making a nice profit if i buy now, just being greedy if honest
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RockHound (OP)
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October 11, 2014, 01:35:24 PM Last edit: October 11, 2014, 01:47:57 PM by RockHound |
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We're likely heading to low 300s, I set some orders at 330.
Mate - totally see what you are saying (as a lot of folks do too) for that we would need to see a 5000K net dump on BStamp. But don't want to miss the boat and end up paying $380 range, know what I mean : ) My exchange that I'm using is a little different than BStamp, it does track the price but they aren't as liquid as BStamp just yet. I find that if BStamp stay at a particular price for an Hr then my exchange follows (within 1%) If think your Limit Orders are reasonable, would say $330-340 range are more likely short-term, if shooting low
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NotLambchop
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October 11, 2014, 02:12:47 PM |
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Op, you haven't missed the boat. It's not even a boat.
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RockHound (OP)
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October 11, 2014, 02:16:14 PM |
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Op, you haven't missed the boat. It's not even a boat. You're right! just slightly off track
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fewcoins
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October 11, 2014, 04:57:54 PM |
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Op, you haven't missed the boat. It's not even a boat. You're right! just slightly off track Nobody has missed the boat! $351 just pulled into the station!!! New lows everyday, watch out for this slow bleed correction!!!
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RockHound (OP)
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October 11, 2014, 06:11:36 PM Last edit: October 11, 2014, 06:22:50 PM by RockHound |
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You could be right but let's face it - still pretty cheap atm!! Like last week - I suspect a lot of eager buyers wanting cheap BTC - International wires coming into exchanges credited Monday-Wednesday for most. So expect another mini rally to $400-425 starting to ramp up on Monday - I'm completing my Order before then for sure!! We seem to be having issues dropping below $350 - hopefully we will do tonight - I'm only asking for around $345, it's so frustrating when we get so close - thinking good thoughts
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RockHound (OP)
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October 12, 2014, 12:55:40 AM Last edit: October 12, 2014, 01:08:01 AM by RockHound |
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Heads-ups - the trading engine on Stamp is currently consolidating as a fair order has just been added: $360.69 3100.00000000 $1,118,139.00 Not sure, but this might take us into the $300-350 zone?? Edit: The order has come up as a BID, therefore I could be wrong and this large order might take us other way ($380 range) Bugger
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Blazin604
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October 12, 2014, 12:58:05 AM |
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I put my order in a few days back at 343 a coin. Dropped 10k and my coins arrive Wednesday.
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gog1
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October 12, 2014, 01:01:07 AM |
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I don't think this fall is over. Usually, you got a huge buy order restoring some confidence. But we couldn't break 400. I think the dumpers will reload and do more dumping.
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