Quote from: Arv1e on September 20, 2014, 10:35:07 PM

Quote from: DustyRah on September 20, 2014, 10:22:29 PM

Quote from: hotsaucee on September 20, 2014, 11:37:28 AM

Quote from: Eastwind on September 20, 2014, 11:14:28 AM

If the price of BTC is below the cost of 20-30% of miners, then it is the price to buy.

Care to elaborate on this.. I'm interested in what you're getting at.

You have to investigate available hardware and then compute their mining ability taking into consideration other costs such as electricity, administrative costs etc.

To be quite honest, traders have got into this game since end of last year and the whole thing is messed up now. Its basically a dog eat dog world since traders don't intend to HODL and simply want to ride the wave to make a few bucks.

Unless you are smarter than the traders in the game, you won't make money, since they will take your money!

Traders aren't smart. They just buy and sell and sometimes win and sometimes lose.

If you believe in the technology then its a simple decision

1 is bitcoin here to stay

2 does $400 represent good vlue

3 is it likely to increase in value over 2/3 years

4 Buy and wait

All 4 points you mentioned is something NO ONE knows the answer to so what's the point mentioning it? Not all traders are fools, there are those who have proper emotional control and think logically and know when to cut loose and take profits. In fact, traders love volatility which brings around a lot of chops as they ride waves.