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-   -   Buy a few bitcoins (https://gfy.com/showthread.php?t=1138083)

Dirty F 04-16-2014 10:53 AM
Wow, Second Market just opened their exchange. This is i believe the first fully registered and legal US exchange. Pretty awesome.

Paul&John 04-16-2014 11:01 AM
Quote:
Originally Posted by Brian837 (Post 20052188)
I was going to laugh but to be honest I have no clue either. We just buy when it goes down and sell when it goes up.
Plan on doing that until one of two things happen.
1. It crashes and is not worth anything or the time to bother with it.
2. I have no place to put the money I am making from doing this.
Buy when it goes down is good unless it goes down even further :D For example it was going up and down between 600-800$ a few weeks ago, so I bought (a little amount) at $600, then the fucker went down to $350 and it still hasn't reached backup $600 :)

ruff 04-16-2014 11:07 AM
Quote:
Originally Posted by Paul&John (Post 20052234)
Buy when it goes down is good unless it goes down even further :D For example it was going up and down between 600-800$ a few weeks ago, so I bought (a little amount) at $600, then the fucker went down to $350 and it still hasn't reached backup $600 :)
Dollar cost averaging works for me. I bought at 900 and then all the way down. I don't stop buying that way I always buy at the bottom. The trouble is I'm buying at the top sometimes too. You just have to average it out.

~Ray 04-17-2014 12:29 PM
I would sell now and wait.

CaptainHowdy 04-17-2014 12:31 PM
I suck at gambling so ...

PR_Glen 04-17-2014 12:57 PM
Quote:
Originally Posted by ruff (Post 20052252)
Dollar cost averaging works for me. I bought at 900 and then all the way down. I don't stop buying that way I always buy at the bottom. The trouble is I'm buying at the top sometimes too. You just have to average it out.
works for you how? in that example you have lost money. If its averaging down why wouldn't you wait until it starts trending up again instead?

VSKevin 04-17-2014 02:41 PM
BTC has always been a waiting game for me. I bought at $60/BTC over a year ago and sold after the crash from ~$260 at about $120/BTC. I doubled my investment, but sold it right as it decided to break $1,000/BTC.

As of now, I ignore it. No amount is worth the lost sleep I got continually monitoring BTC prices.

Dirty F 04-17-2014 02:49 PM
Quote:
Originally Posted by ~Ray (Post 20053819)
I would sell now and wait.
Because of your secret source?

mineistaken 04-18-2014 05:54 AM
All in all it is funny how people say "it will be at $50 at X date", "It will be at $3500 at X date", "it will be at $Y at X date". As if they actually have something to base their claims on. Not talking about those guessing, but some actually claim in a serious tone :)

Dirty F 04-18-2014 06:14 AM
Quote:
Originally Posted by mineistaken (Post 20054476)
All in all it is funny how people say "it will be at $50 at X date", "It will be at $3500 at X date", "it will be at $Y at X date". As if they actually have something to base their claims on. Not talking about those guessing, but some actually claim in a serious tone :)
Exactly. Not a single person on this planet knows where it will be a week from now, let alone a few months from now.

woj 04-18-2014 07:46 AM
50 btc.....

ruff 04-18-2014 11:35 AM
Quote:
Originally Posted by PR_Glen (Post 20053844)
works for you how? in that example you have lost money. If its averaging down why wouldn't you wait until it starts trending up again instead?
You just buy. If you think you can beat the market, then go for it. There are plenty that try. I just buy and let it shake itself out. Besides, it's the other cryptocurrencies that no one talks about on this forum that are traded. That's where the money is. If you know where to look. Two days ago I bought 6000 of a certain coin for one BTC, yesterday the price doubled and I sold half to recoup my investment. My dollar cost averaging for my bitcoin holding worked extremely good in my favor.

fuzebox 04-18-2014 12:00 PM
Quote:
Originally Posted by BlackCrayon (Post 20051035)
most people don't have 40k sitting around to play with.
Then why are they posting here?

Jel 06-23-2014 01:00 AM
Quote:
Originally Posted by ~Ray (Post 20051937)
I hear $50 prices by summer. I will buy back in at $88 and set a sell order at $218

same "hearsay" that said "$500 by the 15th" last week.
is that northern or southern hemisphere summer?

Barry-xlovecam 06-23-2014 07:55 AM
383 -> 587 Not bad actually but speculative short term gains. See were bitcoin is at in October ... Pork belly or soybean futures for geeks :1orglaugh
(In an unregulated market) http://www.coindesk.com/inching-towa...n-derivatives/

Bitcoin derivatives LOL

Jel 08-03-2014 01:25 PM
Quote:
Originally Posted by Jel (Post 20133569)
is that northern or southern hemisphere summer?
southern, I'm guessing.


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