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Author Topic: Who exactly is buying right now?  (Read 3626 times)
fewcoins (OP)
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December 12, 2014, 11:24:33 PM
 #1

Not sure if you realize it or not but the only reason we go up a few %'s somedays is simply due to short covering and bots trading between exchanges.
This is why even when we have dead cat bounces like this, they never hit the previous high before the dump happened. It's sad.
How does this not scare anyone that there is literally no buying volume anymore??
elinehaarbollen
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December 12, 2014, 11:56:15 PM
 #2

I bought 2 btc today.
1Referee
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December 13, 2014, 12:19:09 AM
 #3

Current price level is a great buying opportunity.

People who haven't bought already should consider doing it this year.
Melbustus
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December 13, 2014, 01:25:43 AM
 #4

I bought in:
- 2nd half of 2011
- Fall 2012
- 1st half of 2013
and
- This week.

And sure, we may go down from here. I'm not arrogant enough to assume I can time markets perfectly; I just try to be on the right side of risk-reward, and the above time periods in the bitcoin market fit that description in my opinion.

Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
fewcoins (OP)
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December 13, 2014, 02:46:34 AM
 #5

I bought in:
- 2nd half of 2011
- Fall 2012
- 1st half of 2013
and
- This week.

And sure, we may go down from here. I'm not arrogant enough to assume I can time markets perfectly; I just try to be on the right side of risk-reward, and the above time periods in the bitcoin market fit that description in my opinion.

So basically you are still losing money & you are arrogant enough to keep buying...
Like warren buffet said, you shouldn't keep trying to patch leaks on a boat that keeps leaking... Better off buying the dips in gold or something actually worth it 
Melbustus
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December 13, 2014, 04:19:10 AM
 #6

I bought in:
- 2nd half of 2011
- Fall 2012
- 1st half of 2013
and
- This week.

And sure, we may go down from here. I'm not arrogant enough to assume I can time markets perfectly; I just try to be on the right side of risk-reward, and the above time periods in the bitcoin market fit that description in my opinion.

So basically you are still losing money & you are arrogant enough to keep buying...
Like warren buffet said, you shouldn't keep trying to patch leaks on a boat that keeps leaking... Better off buying the dips in gold or something actually worth it  


The more apt quote from that school of investing is Ben Graham's "Mr. Market" analogy. Google it if you're unfamiliar.

Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
fewcoins (OP)
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December 13, 2014, 04:26:04 AM
 #7

I bought 2 btc today.

You're an idiot! You bought it after its already up 2% right?! WHY???
None of you fools know how to trade or what a crazy scheme bitcoin is... Congrats though bro, you're now down 3% & will be down 9% before morning comes!
Don't worry one day the price might be $999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999.00

...but I'm not worried, by then, the price of gum will be higher!
elinehaarbollen
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December 13, 2014, 04:34:32 AM
 #8

I bought 2 btc today.

You're an idiot! You bought it after its already up 2% right?! WHY???
None of you fools know how to trade or what a crazy scheme bitcoin is... Congrats though bro, you're now down 3% & will be down 9% before morning comes!
Don't worry one day the price might be $999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999.00

...but I'm not worried, by then, the price of gum will be higher!

atleast my dope money is safe.
knight22
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December 13, 2014, 06:02:22 AM
 #9

I'm buying regularly. I'm now using bitcoin almost everyday for all sort of stuff.

Melbustus
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December 13, 2014, 06:38:12 AM
 #10

...

I bought mid 2012, the first two months of 2013, and I've just started buying again last month.


I'm buying regularly. I'm now using bitcoin almost everyday for all sort of stuff.



The greater the disconnect between price and various measures of ecosystem development, as well as general "feeling" of progress, the more bullish I become.

That's not to say the market can't be irrational for a very long time, of course, but I'll happily take advantage of an irrational Mr. Market any day to build long-term positions. Unlike some, I prefer to take positions on fundamentals and swing for the fences, as opposed to picking up a few percent here and there, cashing out on double-digit % rises and missing the triple(or quadruple)-digit rises.

Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
atleticofa
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December 13, 2014, 06:39:41 AM
 #11

I am buying regulary with this prices
picolo
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December 13, 2014, 07:45:49 AM
 #12

Not sure if you realize it or not but the only reason we go up a few %'s somedays is simply due to short covering and bots trading between exchanges.
This is why even when we have dead cat bounces like this, they never hit the previous high before the dump happened. It's sad.
How does this not scare anyone that there is literally no buying volume anymore??

We are at 340$ which is low compared to the prices we have seen this year or exactly a year ago, we should not be surprised to see a small rise. Also Microsoft kind of accepted Bitcoin payments and short are covering when the price rises.
BiTJack
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December 13, 2014, 07:48:53 AM
 #13

Not buying anymore, holding a sufficient amount just waiting for the price to shoot up a little. But it's a good time if you haven't already.
BitcoinMint.US
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December 13, 2014, 08:18:07 AM
 #14

I'm buying.
atleticofa
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December 13, 2014, 08:47:40 AM
 #15

Also i am buying
lili song
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December 13, 2014, 08:57:01 AM
 #16

I'm earning & Buying .
Holding until the time has come

Also i am buying
darkmind
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December 13, 2014, 08:57:56 AM
 #17

wow... Stamp is initiating giga-dump! RUN....

JimboToronto
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December 13, 2014, 09:03:26 AM
 #18

I buy the dips.

I bought this week.

I agree with Melbustus' approach but I didn't get started as early.

I didn't start buying until they had already reached double digits.

Hopefully I'll never have to sell any bitcoins.

Buy, hold, spend.
JimboToronto
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December 13, 2014, 09:06:19 AM
 #19

wow... Stamp is initiating giga-dump! RUN....

A couple hundred coins is a giga-dump?

LOLOLOLOL

 Smiley Wink Cheesy Grin Cool
PolarPoint
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December 13, 2014, 09:09:23 AM
 #20

I am buying whenever I have spare cash. Not a lot, only bit by bit. Generally 0.1 each time. I think this is a fair price.
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