https://twitter.com/barrysilbert/status/447836584554266624
^ If this was bullish news the price would've gone up before the news became public.
^ If this was bullish news the price would've gone up before the news became public.
Tweets are not news. They are rumors.
Agree ... and we should not just follow every rumor that we hear ... or read..
As for now... price is upredictable as it was before
When I saw Coinbase was hovering around $557, I thought, oh shit, it is getting down close to my next BTC buy-in price (which is currently meant to be below $550 - b/c the last time I bought was at $584). So I was playing around with typing in random quantities of BTC to their site just to allow the BTC prices to reload, and then the box flashed $551; however, my desired quantity of BTC was NOT ready to go or I would have clicked buy. Then i corrected the proper quantity, and the price reverted to $558.27... so I did NOT buy.
Sometimes, I would just like to get it over with and to just buy.. so that I do NOT have to think about these kinds of matters anymore , until the price drops to my next buy-in point (which would probably be around $529 - depending upon how long it takes to get there... seems doubtful, though... )... And so sometimes I will buy at a few extra dollars per BTC, just to get the purchase out of the way.
I have found the price on Bitstamp to usually be a few dollars above Coinbase, yet, generally, Coinbase's price does NOT fluctuate as widely as Bitstamp. I complained to them once about this and accused them of arbitrage.. something like that.... Anyhow, every once in a while when BTC price is very eradic, then Coinbase will be less than Bitstamp... Go figure!!!
It would be NICE if Coinbase would allow for the placement of ORDERs, but I suppose that may cause additional technical difficulties for their set-up.
Ok.. so now the Coinbase price is hovering between $552 and $556 while the Bitstamp's hovering between $552 and $548... Seems like, if I were to wait it out, we are going to get down to $549 on Coinbase.. Not sure if I can wait that long... . My frequent problem, however, is as soon as I click buy, then the price really starts to go down and then I am kicking myself for NOT waiting it out a little longer... Can never tell for sure.. how low will she go??? limbo...land... ?
Will it matter if you bought at $549 or $552 when the price gets to $1000 or more?

I know for day-traders it can make a difference but for holders it really is not that big of a deal.
I think now is a great time to buy BTW and I just threw some money in for the first time in several weeks.

By the way, I did pull the trigger at $550.19..... so I can now relax for a week or two... unless we start getting in the $525-$530 range, then I will be itching to buy again (I really do NOT expect that low price, but I did NOT expect to be below $600, either).
Actually, in the big picture you are probably correct that a few dollars here and there will NOT matter too much, when we get into the bigger numbers (well that is assuming we are going to get into those bigger numbers), and that is part of the problem with mulling over the situation.. It's time-consuming.. and maybe for naught... .... Currently, I am trying to bring my average buy-in price down.. and I just like to set my numbers ahead of time so that I guide and pace myself.. within my budget and attempting to maximize getting quantity BTC.. but hedging my risk to the best that I can...... b/c I want to buy while I have a chance, but I also want to save some fiat in the event that the price goes down an additional $20-30 more....
Maybe i am a little more nervous about this whole thing, also, b/c my initial starting buy-in price was $1,200.. and the price has been downwardly trajectory since i started, and I have been ratcheting my numbers, ever since I started to try to bring down my average buy-in price, within my budget.... If I had NOT started at the ATH, my situation would be much better and likely being closer to being in the black, rather than being in the red. Currently, I am at an average $682 buy in price.... which is much more comfortable than a $1,200 average buy in price... that's for sure.