Is Bitcoin a better investment than Gold?

shooter said:
I heard Brian Sullivan mention the bitcoin runup on CNBC today, be wary.

I was also looking at opening an account at bitstamp or coinbase 'seriously' last week, and the last time I was serious about opening an account was bitcoin ~ $1,000. Just sayin'.
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Next time you get ready to open an account, let me know and I will close my position. LOL :D
 
GarrettKimmel said:
so now it's 384 after a 500$ spike. any suggestions where it's headed?
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It is bouncing around $350 and I think in a week or less it will see $320 where it is a buy...

One can't just hold this blindly, you gotta trade it...
 
Pekelo said:
It is bouncing around $350 and I think in a week or less it will see $320 where it is a buy...

One can't just hold this blindly, you gotta trade it...
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it's a risk i'm willing to take, with a longer term view

call it a hunch, a guess, a feeling, whatever...
and i don't think i'm alone;
there is some serious money being thrown at bitcoin technology

[so, i'm not doing it blindly]

marc :p
 
The point is, when it goes vertical, you gotta sell it and buy it back at the retreat, if you want to trade your conviction (long)...
 
Baron said:
Next time you get ready to open an account, let me know and I will close my position. LOL :D
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Wow my timing is impeccable :D I did happen to start signing up on Gemini, really nice looking interface, though I stopped short of the identification process.
 
shooter said:
Wow my timing is impeccable :D I did happen to start signing up on Gemini, really nice looking interface, though I stopped short of the identification process.
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Yeah, you were spot on....LOL!
 
Pekelo said:
It was faster than I expected, but already dropped back to $300 and currently at $324....

Let's see if it is a buy from here...
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Sure it was, went up to $346 before dropping back, $328 right now. My point is, you have to actively trade these fluctuations...

I don't think it would go much higher than $360 in the next 2 weeks, so if it reaches that or even 380, that is a short again... generally it will consolidate at a higher level than the previous 240ish... Let's say just above 300....
 
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