Bitcoins

[jer_james]

Haha - these are great - also the reason I bought a couple hundred worth last Friday.

Mr Bobby the fake penny man himself may like to see this one, lol.

[RascalArms]

This is what I get for taking my financial advice from the darn green screen

[Kevin]

Market value in early Feb 2014 was $534/share or coin. Today its $180ish?

Its a loss of 177 MILLION using his fairy tale # of 500,000

That's a hicky

LOL

$500,000 @ 534/share = 936.3BTC

Current value @ 12212 = $11,434,456

[texasnavy05]

so, obviously, hindsight is 20-20. but, would you buy now?

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[12ring]

WTT.........

2 million "Dong" (Vietnamese?) for 2 million Bitcoin.

And never even heard of Bitcoin til today.

[2014FusionM]

so, obviously, hindsight is 20-20. but, would you buy now?

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I read a couple of places that less than 1% of the population has invested in it. If it does turn out to be the "way of the future" it wouldn't hurt to put some cash you have laying around in. Now I am not advising you put your live savings in there but put some in recoup it back out and let the rest ride.

[pervis]

I buy weekly in 400$ increments. Bought my weekly 400 this am.

[systemnt]

I buy weekly in 400$ increments. Bought my weekly 400 this am.

so you are buying at the higher rate...weekly?
that makes your money work against itself...doesnt it?
week 1 - buy in $400 at $10000,
week 2 - market goes up to 12000 - buy in additional $400 at $12000
Week 3- market goes up to 13K - buy in additional $400

am i thinking about that wrong?

[Mossback]

so you are buying at the higher rate...weekly?
that makes your money work against itself...doesnt it?
week 1 - buy in $400 at $10000,
week 2 - market goes up to 12000 - buy in additional $400 at $12000
Week 3- market goes up to 13K - buy in additional $400

am i thinking about that wrong?

cost averaging

[TxAg]

so you are buying at the higher rate...weekly?
that makes your money work against itself...doesnt it?
week 1 - buy in $400 at $10000,
week 2 - market goes up to 12000 - buy in additional $400 at $12000
Week 3- market goes up to 13K - buy in additional $400

am i thinking about that wrong?

It’s called dollar cost averaging

[systemnt]

It’s called dollar cost averaging

ok.. be gentle..i'm new to this...and play normal markets rather conservatively..
in same scenario..but when dealing with a loss..your initial investments when its 'low' are now responsible for 'making up' for losses of your weekly at higher rates..
week 1 - buy in $400 at $10000,
week 2 - market goes up to 12000 - buy in additional $400 at $12000
Week 3- market goes up to 13K - buy in additional $400
week 4 - market drops to 11K -- you now have a -800 investment, and your week 1 is no longer 'profit' as it has to cover that loss..
(I assume you halt your weeklys till the market exceeds the last high point..other wise you are just adding to the loss column the initial is covering..)
again.. am i thinking about this way wrong?

[TENRMORE]

I buy weekly in 400$ increments. Bought my weekly 400 this am.

So when was your first week, was it in 2014

[RiverRat1]

I read a couple of places that less than 1% of the population has invested in it. If it does turn out to be the "way of the future" it wouldn't hurt to put some cash you have laying around in. Now I am not advising you put your live savings in there but put some in recoup it back out and let the rest ride.

But new "coins" come out every week. Can't have a new "way of the future" with 1,000 different coins.

[texasnavy05]

But new "coins" come out every week. Can't have a new "way of the future" with 1,000 different coins.

it seems that bitcoin would be the leader and eventually dwarf the others. (at least it seems that way right now) kinda like google. there were several search engines in the mid 90s but google is the one now that is a household name.

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[Mossback]

ok.. be gentle..i'm new to this...and play normal markets rather conservatively..
in same scenario..but when dealing with a loss..your initial investments when its 'low' are now responsible for 'making up' for losses of your weekly at higher rates..
week 1 - buy in $400 at $10000,
week 2 - market goes up to 12000 - buy in additional $400 at $12000
Week 3- market goes up to 13K - buy in additional $400
week 4 - market drops to 11K -- you now have a -800 investment, and your week 1 is no longer 'profit' as it has to cover that loss..
(I assume you halt your weeklys till the market exceeds the last high point..other wise you are just adding to the loss column the initial is covering..)
again.. am i thinking about this way wrong?

depends what your in it for the short term or long term. If long term you would be putting more money in at a cheaper price therefore making more money when/if it goes back up