Bitcoins? What is up with this for an investment?

It's now $947.62 hrrrrrrrrrrrr ......... I am to late (maybe)
Max Kaiser prediction is $100,000 for 1 BTC and other gurus are predicting $700,000 to $1,000,000 for each.

Am I investor? Yes. I would love to have BTC in my possession and see it raised each day - almost like weed. If I had the BTC as I wanted to buy, I would sell now just few to recover completely my "investment" and ride the rest to hell and will be just a consumer. Nothing wrong with that strategy.... Cheers
(I am still pissed - now, back the weed)

Ivone said:

It's now $947.62 hrrrrrrrrrrrr ......... I am to late (maybe)
Max Kaiser prediction is $100,000 for 1 BTC and other gurus are predicting $700,000 to $1,000,000 for each.

Am I investor? Yes. I would love to have BTC in my possession and see it raised each day - almost like weed. If I had the BTC as I wanted to buy, I would sell now just few to recover completely my "investment" and ride the rest to hell and will be just a consumer. Nothing wrong with that strategy.... Cheers
(I am still pissed - now, back the weed)

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Bitcoin has broke a 1004.00 .. It's a long ways from 100,000.00 but maybe it will get there..I am up almost 500.00 in one day with my four coin purchase...Go Bitcoin..

nitro harley said:

Bitcoin has broke a 1004.00 .. It's a long ways from 100,000.00 but maybe it will get there..I am up almost 500.00 in one day with my four coin purchase...Go Bitcoin..

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Hmm, not on this page I keep looking at.... but, it's just a matter of time regardless.
BTW: I am really happy for you!

Thanks for the Like

nitro harley said:

Bitcoin has broke a 1004.00 .. It's a long ways from 100,000.00 but maybe it will get there..I am up almost 500.00 in one day with my four coin purchase...Go Bitcoin..

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As previously stated, breaking $1k is a very good sign. Of course, it could correct to $200 tomorrow. Your challenge will be to hold on to them for the big move. On a supply/demand basis, bitcoins could break all records for historical bubble percentage price increases. Considering the global fuckery in fiat currencies, the time is ripe for just such an event.

EDIT: I don't like to use the word bubble here as it is merely the parlance of our times. Rather, it is my belief that bitcoins are monstrously underpriced.

DISCLOSURE: I have no position in bitcoins and still get a laugh out of The Big Lebowski.

Bitcoin is the second stage of freedom the internet has brought us. First it was the freedom and spread of ideas and information now its the freedom of money. Now money can be sent to anywhere in the world person to person no bank or government in the way. As time goes on more and more people are loose trust in faith in our money and government. Bitcoin is just begining. The media sure loves to talk about the price and volatility but most of the press doesnt focus on how truly revolutionary bitcoin is.

Ivone said:

Hmm, not on this page I keep looking at.... but, it's just a matter of time regardless.
BTW: I am really happy for you!

Thanks for the Like

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There are a few different prices for bitcoin, I go by what it says in my bitcoin wallet. But when I look at other source's there is one that stays about 80.00 more than the others and I don't know why.I am just going to ride it out.

bluerock said:

As previously stated, breaking $1k is a very good sign. Of course, it could correct to $200 tomorrow. Your challenge will be to hold on to them for the big move. On a supply/demand basis, bitcoins could break all records for historical bubble percentage price increases. Considering the global fuckery in fiat currencies, the time is ripe for just such an event.

EDIT: I don't like to use the word bubble here as it is merely the parlance of our times. Rather, it is my belief that bitcoins are monstrously underpriced.

DISCLOSURE: I have no position in bitcoins and still get a laugh out of The Big Lebowski.

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I have watched the Big Lebowski many times and it is still funny for sure..It could crash hard and if it does it will just hurt for a little while. In total there are I guess 20 million coins and maybe there will be 20 million new millionaire's walking around or bag holders? It's up to 1071.00 this morning, thats going by what my bit coin wallet say's anyway...And I still don't throughly understand everything about bit coin , like the mining part so I am in this for the no guts no glory, and it's kinda fun watching the price go up. My son told me to just hang on to the coins and forget about them and I would be surprised in the next few years..For now I am in deep enough, but it makes me wonder if I should buy more watching it climb daily...

bluerock said:

As previously stated, breaking $1k is a very good sign. Of course, it could correct to $200 tomorrow. Your challenge will be to hold on to them for the big move. On a supply/demand basis, bitcoins could break all records for historical bubble percentage price increases. Considering the global fuckery in fiat currencies, the time is ripe for just such an event.

EDIT: I don't like to use the word bubble here as it is merely the parlance of our times. Rather, it is my belief that bitcoins are monstrously underpriced.

DISCLOSURE: I have no position in bitcoins and still get a laugh out of The Big Lebowski.

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If bitcoin is highly undervalued than gold is priceless

nitro harley said:

For now I am in deep enough, but it makes me wonder if I should buy more watching it climb daily...

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The only thing I can say to that is don't bet more than you can afford to lose. If I owned any bitcoins, my main concern would be the development of competing digital currencies. Bitcoin is acting like an internet stock with "first mover advantage".

Balzac89 said:

If bitcoin is highly undervalued than gold is priceless

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I don't know. Gold is still in a bull market and a future bubble is highly probable. However, our own government demonstrated just how easy it is to control gold with the stroke of a pen. The day may come when they have cause to do that again. It is not so easy to see that they could control bitcoins or that they would particularly want to.

Zipz said:

Bitcoin is the second stage of freedom the internet has brought us. First it was the freedom and spread of ideas and information now its the freedom of money. Now money can be sent to anywhere in the world person to person no bank or government in the way. As time goes on more and more people are loose trust in faith in our money and government. Bitcoin is just begining. The media sure loves to talk about the price and volatility but most of the press doesnt focus on how truly revolutionary bitcoin is.

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And this would be the reason they may try to control it. Just saw a news article where somebody was starting up a remittance business to compete with the current duopoly. I hope they are successful because the current methods of remittance charge a whopping 9% fee. That's outrageous.

bluerock said:

The only thing I can say to that is don't bet more than you can afford to lose. If I owned any bitcoins, my main concern would be the development of competing digital currencies. Bitcoin is acting like an internet stock with "first mover advantage".



I don't know. Gold is still in a bull market and a future bubble is highly probable. However, our own government demonstrated just how easy it is to control gold with the stroke of a pen. The day may come when they have cause to do that again. It is not so easy to see that they could control bitcoins or that they would particularly want to.

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Bitcoin is a bubble of hipster proportions. You don't think the big players won't start selling out soon. They will if they are smart.

Gold is in a slump. It is not a bull market for gold.

Balzac89 said:

Gold is in a slump. It is not a bull market for gold.

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From the viewpoint of market technical analysis, gold is currently a cyclical bear within the secular bull. As long as governments continue to believe that printing more money will bail out their floundering economies, the secular gold bull is intact.

Balzac89 said:

Bitcoin is a bubble of hipster proportions. You don't think the big players won't start selling out soon. They will if they are smart.

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From the comments I have read on other sites, the vast majority of people agree with this. That is a big part of why I expect bitcoin to go much higher. Bulls climb a wall of worry. I would also add that bitcoin has a unique advantage over past manias: just about anybody on the entire planet can buy them. That's a lot of potential buyers.

bluerock said:

From the viewpoint of market technical analysis, gold is currently a cyclical bear within the secular bull. As long as governments continue to believe that printing more money will bail out their floundering economies, the secular gold bull is intact.

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Gold is down 30 percent from highs.

I'm not saying it won't go higher, but how high will it go before the big players start to sell off.

Peel away profits from the people who bought in late in the game.

bluerock said:

From the comments I have read on other sites, the vast majority of people agree with this. That is a big part of why I expect bitcoin to go much higher. Bulls climb a wall of worry. I would also add that bitcoin has a unique advantage over past manias: just about anybody on the entire planet can buy them. That's a lot of potential buyers.

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oh and I bet 60 percent of people are priced out of purchasing them already. Some people say it will go to 10k. I doubt it makes it half way before it crashes.

Balzac89 said:

oh and I bet 60 percent of people are priced out of purchasing them already. Some people say it will go to 10k. I doubt it makes it half way before it crashes.

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A person doesn't have to buy a whole coin, you can buy .1 of a coin and maybe a smaller amount if you want..So it is affordable for pretty much everybody you just get a smaller piece of the pie..I don't know what will happen here, all I know is that it has been going up about a hundred dollars a day sense I bought my four coins..I have been having to wait for my first purchase to settle before I can sell and that is several days ago..So far I am banking four hundred dollars a day profit and if it keeps up for a month I wont know what to say........Go bit coin...

The big sell off was today.

Nitro looks like you lost some money today

Balzac89 said:

Nitro looks like you lost some money today

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It did take a huge dive...I am waiting for Dec 3rd for my account to go into effect, and at that time I could start buying again or selling. It was down to where I would of maybe bought some more but I just have to watch for now..

The big players are taking profits. They will most likely buy back in after selling. So price will be up and down.