Investing Now

Discussion in 'Digital Currencies' started by silverzman, Nov 8, 2013.

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  1. silverzman

    silverzman Active Member Silver Stacker

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    Hey Guys,

    Just wondering if it is still worth investing now in BTC or LTC?

    Im leaning towards maybe getting 200 LTC and sitting on it for a while.

    With all of this sudden rise it looks like it is a bubble as much as people dont think it is...
     
    silverzman, Nov 8, 2013
    #1
  2. Hospitaller

    Hospitaller New Member

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    Wait for the volatility to stop before investing.

    Im hesitant on LTC because if bitcoin begins to be accepted as payment on a large scale, where does that leave LTC?
     
    Hospitaller, Nov 8, 2013
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  3. Altima

    Altima Well-Known Member Silver Stacker

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    Go with your gut instincts. Seems like a greedy phase is setting in right now.

    People will naturally be attracted as it's been increasing in a parabolic manner.

    I would rather sit it out. Perhaps never invest in it at all. :p
     
    Altima, Nov 8, 2013
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  4. SilverSale

    SilverSale Well-Known Member Silver Stacker

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    BTC & LTC setting up for another run higher :)
     
    SilverSale, Nov 8, 2013
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  5. trew

    trew Active Member Silver Stacker

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    Don't think investing is the right term
     
    trew, Nov 8, 2013
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  6. silverzman

    silverzman Active Member Silver Stacker

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    Betting :p
     
    silverzman, Nov 8, 2013
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  7. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

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    I'm going to have to draw a line in the sand sooner or later and cash out.

    These two parabolic moves in BTC this year have just been pure speculation and gambling. There's still not 'much' you can do with Bitcoins in a real world scenario.
     
    RetardedMonkey, Nov 8, 2013
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  8. silverzman

    silverzman Active Member Silver Stacker

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    Anyone interested in selling up to 200LTC atm?
     
    silverzman, Nov 8, 2013
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  9. silverzman

    silverzman Active Member Silver Stacker

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    There is a nagging thought that this is just a massive bubble just like other fiat currencies.
     
    silverzman, Nov 8, 2013
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  10. goldpelican

    goldpelican Administrator Staff Member

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    Every time I've thought it's hit a new high, I've sold one or two - and then watched it go higher. Been selling slowly since $207 USD. Now $322 USD at time of post.

    I'm down to about what I was willing to hold, and have a bunch of fiat off to the side... I would *really* like to see a 50% correction, but I think China is just driving them up up up, so I've stopped selling at this point. Fully expecting not to be able to buy back in with the fiat I have at a price lower than I sold.

    Still, nuts to have cashed in something like 60% returns in a little over a month. If that doesn't scream bubble I don't know what does... but the bloody China angle... who knows.
     
    goldpelican, Nov 8, 2013
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  11. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

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    The only thing keeping me in the game!
     
    RetardedMonkey, Nov 8, 2013
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  12. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    Like Gold, there just aren't enough BTC's to satisfy the market :p

    (steps back

    waits for flames) :)
     
    Clawhammer, Nov 8, 2013
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  13. SilverSale

    SilverSale Well-Known Member Silver Stacker

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    Should be over US$350 by this evening :)
     
    SilverSale, Nov 8, 2013
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  14. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

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    Likewise here.

    I just figure I'd rather make a smart exit decision rather than just 'hold on' as the goalposts keep changing. First it was $150, then $200, then $250... now we're up to $350 and I still haven't sold.

    Greed can be a bitch.
     
    RetardedMonkey, Nov 8, 2013
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  15. Phiber

    Phiber Well-Known Member Silver Stacker

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    Sell a bit here and there, nothing wrong with taking a profit!
    it is handsome profit already
     
    Phiber, Nov 8, 2013
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  16. Hospitaller

    Hospitaller New Member

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    Im as long as it gets, I will either lose it all or arrive on the moon. I dont consider selling at any point untill BTC is a mainstream currency, I do beleive it is possible that BTC is the next global currency.
     
    Hospitaller, Nov 8, 2013
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  17. trew

    trew Active Member Silver Stacker

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    The concept possibly, but it definitely won't be BTC if it does happen - they'll just invent another version for the purpose.
     
    trew, Nov 8, 2013
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  18. Phiber

    Phiber Well-Known Member Silver Stacker

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    Not everything that is possible is probable.
    This is still highly speculative, only invest what you can afford to lose completely.
     
    Phiber, Nov 8, 2013
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  19. SilverSale

    SilverSale Well-Known Member Silver Stacker

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    That being said - the whole world is scrambling for only 12 million bitcons. :/
     
    SilverSale, Nov 8, 2013
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  20. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

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    $347 US on Gox
     
    RetardedMonkey, Nov 8, 2013
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