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Rathji · 11-20-2013, 07:54 PM

$600 is still a really high mark, which is roughly what they are selling for on VirtEx right now.

Sure it hit $847 at once point this week, but I am pretty confident that that bump was speculative and not reflecting increased demand created by Cryptolocker. Increased demand is the only thing that will drive the price up in the long term.

I am not an investment guy though. I just have a bunch of USB things plugged into my computer and set my sell points high enough that I can expect to recoup my investment if the price rises enough. If I don't, then I can spend my bitcoins on Humble Bundles and be a happy man. I didn't start mining for profit, I started mining because it was immensely interesting to me.

If I was putting in cash at this point, I would have money in my account have a buy trigger somewhere around $300 and then not look at it for a month unless the trade went through. Thats me though, and it is easy for me to say that because I am still making bitcoins, regardless. Set up your account, get verified etc and see where things sit at that point. It likely won't happen for a week, since I am guessing that the account creation is happening at a high rate right now, so they are probably swamped.

11-20-2013, 07:54 PM	#286
Rathji Franchise Player Join Date: Nov 2006 Location: Supporting Urban Sprawl Exp:	$600 is still a really high mark, which is roughly what they are selling for on VirtEx right now. Sure it hit $847 at once point this week, but I am pretty confident that that bump was speculative and not reflecting increased demand created by Cryptolocker. Increased demand is the only thing that will drive the price up in the long term. I am not an investment guy though. I just have a bunch of USB things plugged into my computer and set my sell points high enough that I can expect to recoup my investment if the price rises enough. If I don't, then I can spend my bitcoins on Humble Bundles and be a happy man. I didn't start mining for profit, I started mining because it was immensely interesting to me. If I was putting in cash at this point, I would have money in my account have a buy trigger somewhere around $300 and then not look at it for a month unless the trade went through. Thats me though, and it is easy for me to say that because I am still making bitcoins, regardless. Set up your account, get verified etc and see where things sit at that point. It likely won't happen for a week, since I am guessing that the account creation is happening at a high rate right now, so they are probably swamped. __________________ "Wake up, Luigi! The only time plumbers sleep on the job is when we're working by the hour." Last edited by Rathji; 11-20-2013 at 07:59 PM.