Oh come on, another fag gonna try to stroke themself because they stated the obvious?

Well then, up Up UP!

Yeah..because so mny people were saying we're going over 80...84 look at that.

 

 

Reading this thread can be kind of amusing to a long-term bitcoin investor.

I'm sure there is a lot of fun (and profit) to be made day-trading bitcoin (or anything else I guess), but I've never done that, nor have I ever even attempted to do so.  It's just not my thing. I do play a game of poker socially from time to time and that's about as close as I get.

That said, I am still a bitcoin 'investor'.  I own a measly 100 bitcoins. My average buy price was at $100 apiece, that's 10k, which is a decent chunk of change to me.

I have only bought bitcoins, I have never sold them.

My intention is to sell my coins in about 2-5 years when I expect them to be either (A) worth at least a couple of times what I paid or (B) worthless.  I suppose I could make additional money day trading but, as I said, that's not my interest or expertise.  I got a day job I gotta feed.

I would also like to use them to buy stuff, but this reveals an interesting psychology about bitcoin.  

While you day traders churn the price for your entertainment and profit, it can make someone a little leery about using it as a 'currency' to buy things if their purchase also represents a loss.  

So far I haven't actually 'lost' any money because I haven't sold any coins.  I will only ever lose money if I sell them below the average $100 price I paid for them.  But, if I use my bitcoin as a currency to actually buy something when the price is below a $100, then I *am* 'losing money' on that purchase.  I would rather use fiat to buy it than realize the loss on my 'investment'.  

The idea that bitcoin is both an investment/speculation and a currency at the same time can sometimes seem a bit schizophrenic.

I had this thought the other day when people were freaking out about the most recent 'crash'.

"Freaking out because the price of bitcoin rises or falls on any given day is like freaking out about your Apple stock because Steve Jobs yelled at Wozniak in 1980."

See ya all in about 2-5 years......

This is just because people didn't know about good news. Thanks for sharing! We will brake 266 any minute.

Seriously, this will end up pretty bloody.

I'm in Germany as well and do worry a bit about the future of Bitstamps bank in Slovania. I think they are fine for the rest of the year but who knows about the future.
I haven't traded on bitcoin.de in a while as it takes so long transferring money to another persons account, waiting for the verification, etc. Also been taken advantage of their 2X.

Do you know when we can use the Bitcoin.de new banking partnership? They hopefully have made changes to their account already to allow for easy integration.

can anyone explain to my, how to understand the green and red bars at bitcoinity? Thanks you.

This is true, Bitcoin as a speculation medium and as a currency don't go together.  If Bitcoin ever gets accepted and used widely as a currency it will lose its volatility but gain massively in value.  That I suppose would be the final deal for us daytraders but a good one if you were holding coins.  It's only because a Bitcoin doesn't represent a certain amount of goods that this wild fluctuation in its value happens, it's just traded by us lot more than any other use.

It's time for such a rebound - it may well last until $95-100 - but I also think there is more room for fresh breath at prices lower than $66. Not much has changed fundamentally.