Bitcoins in 2014?

[websaway]

I have yet to read a convincing case for these reaching last years high's except for wishful thinking.
Pundits can't even agree on what makes the price rise.
Where there is no regulation you are batting in the dark.

If they go back to 400 the few who bought at 300 will have win win stories, the ones who bought at 400 will be glad to be back to evens and start to get out, but it already has to rise 33% to get back to 400 so the 300 investors will sell also and the price will fall back down, so lower ceilings and lower floors. It's totally reliant on new entrants.

The hype of large companies entering the fray should not necessarily be read as an endorsement of value. Large companies have money to burn and often have ulterior motives for their actions.

 

[bonusmedia]

The hype of large companies entering the fray should not necessarily be read as an endorsement of value. Large companies have money to burn and often have ulterior motives for their actions.

Merhcants recognise there are a lot of people who got rich from bitcoin speculation, so allowing them to spend them is a good idea. It also means a bit of free publicity.

Very few, if any, are actually holding bitcoins, they just turn them into cash, avoiding any risk.

 

[websaway]

The best article I read says that they will rise to their previous high's simply because they were there once before and, the lower the price the better news it is.
OK, I'm convinced , I'm off to buy some Tulips.

 

[Murray]

The best article I read says that they will rise to their previous high's simply because they were there once before and, the lower the price the better news it is.
OK, I'm convinced , I'm off to buy some Tulips.

Just need some kind of world event/crisis to create demand and the price will go up due to limited supply

I think there will be bigger bubbles yet to come in the following years over previous highs and as they're a very affordable gamble atm, why not.

 

[accelerator]

I like bitcoin as a concept, and it's on my To Do list to get going with bitcoin, as in learn how it all works and get a bitcoin wallet. However, the prospect of attempting to speculate on the bitcoin price isn't that inviting to me. Whenever I look at investments, I like to have good solid reasons as to why I think something will go up, plus a minimum of risk and a minimum of things that could go wrong, i.e. account for worst case scenarios. With bitcoin, there are just so many factors going into the price that it's very hard to predict anything. One major risk is government regulation.

Rgds

 

[websaway]

I just see them as being on sale atm

I fully expect them to jump up to beyond $1000 within the next 12 months

I don't have enough faith to put any meaningful amount of money in still. but it's a roll of the dice and a bit of fun.

Is it possible to get out today at $400 ?

 

[Retired_Member38]

Is it possible to get out today at $400 ?

Sure. The price on Bitstamp right now is $405 so you can sell at that if you want.

 

[Murray]

Is it possible to get out today at $400 ?

I assume so yes? why do you ask.

 

[websaway]

I assume so yes? why do you ask.

Well the violent swings make it a good vehicle for buying on lows and selling on the way up to what seems to generally be a ceiling of around 4 to 5oo.
The only thing that could prevent one from doing that would be if it was difficult to buy and sell quickly or if there was large spreads between buy and sell price.
You are sitting on a 33% gain as I see it, why would you leave it rather than sell for a certain profit and take another position on a future low.

 

[Murray]

You are sitting on a 33% gain as I see it, why would you leave it rather than sell for a certain profit and take another position on a future low.

I wont consider selling any until they get to at least $1000

Even then Id probably just sell .5 and see where it goes from there

In it for the long haul most likely, win or lose.

 

[websaway]

I wont consider selling any until they get to at least $1000

Even then Id probably just sell .5 and see where it goes from there

In it for the long haul most likely, win or lose.

Not to lose site of the question.
Can you sell easily when you want to.

 

[Murray]

Not to lose site of the question.
Can you sell easily when you want to.

Yes, yes you can.

 

[websaway]

Yes, yes you can.

Good stuff, thanks.

 

[Jamie101]

I wont consider selling any until they get to at least $1000

Even then Id probably just sell .5 and see where it goes from there

In it for the long haul most likely, win or lose.

I bet you won't. I said the exact same thing when I first got in, then eventually it reached 10 times the value I paid.

Did I sell any? Nope.

All or nothing my friend

Sent from my GT-I9300 using Tapatalk 2

 

[DaveP]

Ah the days when one could get 1000 bitcoins for $5.. Where is my time machine..

 

[timter51]

I sold all mine at $550... got spooked these last few days but relieved to see it keep getting knocked back by resistance at $400. I genuinely think this bear market will eventually bottom out in the $2xx, the question for me is how long will it take?

 

[Retired_Member38]

Are you now just tracking price out of curiosity, or do you intend to buy back in at $2xx ?

 

[accelerator]

Hi Guys, THIS IS NOT INVESTMENT ADVICE LOL, but if I had any bitcoin (and I intend to get some at some point), I'd be holding it. My reasons would be:

US QE4 possibly coming:
https://twitter.com/PaperMoneyEcon/status/522263525511544832

US banks have a big capital gap:
http://www.bloomberg.com/news/2014-...-facing-capital-gap-of-up-to-870-billion.html

and a USD ccy crash could happen, per John Williams at ShadowStats.com:

https://www.youtube.com/watch?v=JqGmNdI6qW8

Of course, do your own research and make your own mind up!!!!

Rgds

 

[Murray]

I sold all mine at $550

What price did you get in at?

 

[timter51]

Are you now just tracking price out of curiosity, or do you intend to buy back in at $2xx ?

Unless something catastrophic happens to bitcoin before then, I absolutely believe in the fundamentals and will buy back 100% (hopefully) in the $200 to $260 range. Alternatively, I'd start to buy back in if it began to approach the weekly upper BB, and buy 100% back in if it breached it, which has been the signal for every bitcoin bubble. Yes I would have missed out on these $300 range prices, but I'd still be in at the start of the bubble... the lure of $2xx bitcoin is too much to resist