Quote from: precrime3 on April 10, 2014, 06:43:34 PM

Quote from: amencon on April 10, 2014, 06:38:35 PM

Quote from: precrime3 on April 10, 2014, 05:40:49 PM

Quote from: CoinDiver on April 10, 2014, 05:39:17 PM

I'm just waiting for the bottom to buy more. I've been buying the whole way down. I'll buy the whole way back up too.

Why don't you just buy at the bottom, and get more btc for your fiat?

If he knew for sure where the bottom was ahead of time, then sure I'm relatively certain he'd do just that.

On topic to your post, I don't really get why having some marginal "use value" is comforting to PM bugs. If PMs or Bitcoin crash to some very low floor value (2% of current value, or whatever), the odds are the investor will dump it at some point in either case at some point in it's plummet to zero or near zero.

If speculative value of Gold goes away your friend's 10k investment in Gold might be worth a few hundred dollar, whoopty-doo? Can't see how that trumps all the advantages Bitcoin brings as a decentralized network of near instant value exchange.

Yeah that's true, and I consider the bottom when prices/ hype starts going up again when the prices have crashed for a while.

If you can time it right you can make a lot of money.

So far I've been pretty bad at it when I've tried though (one good call worth a bunch of bitcoins has pretty much let me break even on a further string of bad trading calls, I've since stopped trying since I'm not willing to put enough work into it not to get slaughtered in this market).