AtlasONo



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Hero MemberActivity: 551Merit: 500 Are YOU buying bitcoins? 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?

Justsomeforumuser



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MemberActivity: 84Merit: 10 Re: Are YOU buying bitcoins? May 14, 2011, 04:31:26 PM

Last edit: May 14, 2011, 04:41:44 PM by Justsomeforumuser #7 Quote from: proudhon on May 13, 2011, 01:59:33 PM 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.. 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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MemberActivity: 98Merit: 10 Re: Are YOU buying bitcoins? May 14, 2011, 05:07:52 PM #8 Quote from: Justsomeforumuser on May 14, 2011, 04:31:26 PM Quote from: proudhon on May 13, 2011, 01:59:33 PM 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.

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$1m, but as long as the bitcoin price isn't monotonically decreasing over the discrete transaction times, you'll most likely build-in some trading profit as you bought more when it was cheap thus reducing your cost basis) One strategy is to target a USD value for your bitcoin holdings (especially if you're planning to retire in the US on the basis of bitcoin holdings) and then set (m,n) so that you're periodically selling m% of your holdings and buying US$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)

Anth0n



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Full MemberActivity: 144Merit: 100 Re: Are YOU buying bitcoins? 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.