Silk Road forums
Market => Rumor mill => Topic started by: Snooze on October 26, 2012, 09:26 pm
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im new to this scene but not the game. my cousin turned me on to the road and when i got here a bit coin was worth over $12. now its $9.91. is this a good time to buy or will it sink lower?
i read an article and they said a few months ago a btc was around 8 bucks. so i gotta figure this shit out.
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buyers market baby
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If you're sitting on coins (buyers or sellers) this sucks.
But when the coin value drops quickly like this there are other ways to take advantage of it. Right now you can exchange coins for 9.9 according to MtGox. SR is still valuing them at 10.36 as you can if place an item in your Shopping Cart. If you pull off a trade and move the coins to your account quickly you can take advantage of a really quick gain of 4.6%.
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Hmmm... I've been watching it fluctuate for the last hour or so... seems like it's slowly climbing back up, but over the last five minutes it's gone back down a few cents. I can't imagine it going much lower (but I know nothing, really), hoping I can buy in a little bit today :)
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The day I heard of SR I got on... The next day i bought btc at like 8.90 each.... within 2 weeks it was at 12 and change CAD..
its a buyers market and if i were you I would buy... Prices are going to go way up in December ;)
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Shit, I shit i should of bought a shit load when I wrote this! now its $12.32 a btc! going up everyday
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When i wrote this a btc was $9.91, today its $16.70!!!!!!!!!!!!!!!!!!! thats a huge jump and its going up everyday!!!!!!!!!!!!! i should of bought a shit load when i wrote this thread!
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Hindsight is 20/20
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Six months ago they were $5 USD and change. Six months. More than tripled. Stop and think about that. Any savings you have, any cash sitting *anywhere* that's liquid enough to be used as leverage for purchasing. If you had used all of it... every cent six months ago... you'd have over triple what it is today.
Obviously that wouldn't have worked if it had failed completely, but you get my point. It's still going up, gentleman. In six months, you may be kicking yourselves yet again for not buying at less than $30 (or you could buy and see it halve, I'm just pointing out it's never too late).
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Six months ago they were $5 USD and change. Six months. More than tripled. Stop and think about that. Any savings you have, any cash sitting *anywhere* that's liquid enough to be used as leverage for purchasing. If you had used all of it... every cent six months ago... you'd have over triple what it is today.
Obviously that wouldn't have worked if it had failed completely, but you get my point. It's still going up, gentleman. In six months, you may be kicking yourselves yet again for not buying at less than $30 (or you could buy and see it halve, I'm just pointing out it's never too late).
blue trader did predict they would hit $25 a coin. but of course you have to worry if the market is being manipulated. they went up $3 a coin in a week. I need to find more insight how this market works,
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Six months ago they were $5 USD and change. Six months. More than tripled. Stop and think about that. Any savings you have, any cash sitting *anywhere* that's liquid enough to be used as leverage for purchasing. If you had used all of it... every cent six months ago... you'd have over triple what it is today.
Obviously that wouldn't have worked if it had failed completely, but you get my point. It's still going up, gentleman. In six months, you may be kicking yourselves yet again for not buying at less than $30 (or you could buy and see it halve, I'm just pointing out it's never too late).
blue trader did predict they would hit $25 a coin. but of course you have to worry if the market is being manipulated. they went up $3 a coin in a week. I need to find more insight how this market works,
Hi,
it is a small market and easy to manipulate. And one thing you should not forget: The road is growing and more users need more BTC, therefore the chance that BTC will rise more is good - just economics. I would recommend to check on youtube "Silk Road and BTC". There you will see the connection really good. If you keep an eye on the market you can win only with trades.
But! Just do it ;)
Start with a small a amount. If the price falls eg 3-5% then buy next charge. I would take 5-10 charges to do that game
cheers
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$25 a btc today!
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$74 today. From $9.90 to $74 in 5 months. how much will it be in 5 months from now? $200?
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fingers crossed
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Where is my karma?