Bitcoin Forum

Sub $400 was just too good a gift and people are loading up.

Markets worldwide are nervous but it is times like these when fortunes are made, be greedy when others are fearful.

smart traders are having a good time buying all these cheap coins while the sellers are in a heavy panic trip. these guys will end up buying back at +$400 levels. i bought just over 2 bitcoins at $393 and 1 bitcoin at $385. i am quite satisfied now.

Will you still be satisfied tomorrow when it goes sub 350?

Just buy more. As you probably will as well.

why not? i still have around $1000 in my exchange account. for now i am not going to buy more, but if it goes sub $350 then i surely buy again. that's why i never go all in. i always keep money in my account for when the price goes down even more.

Yeah I wish I had some liquid money right now because I'd be on a buying frenzy. I'd probably spend the rest of the day buying all the bitcoin I could right now. There's really no reason for the price to crash like this. Yeah there has been some "bad news" the past couple of days, but if I've learned anything in my early career is that people are easily replaceable. I see it settling back out at $400+ once the selloff stops.

I suggest to do absolutely nothing if you are not too experienced.
There is plenty of room to the downside. You do not want to catch a falling knife.

And there actually is a reason for this big move down. Some traders have been anticipating it for weeks.

But per usual, use your own discretion to guide your decisions. ;)

There are a lot of reasons why it is crashing and will not recover.
Go educate yourself on when you're investing in.

pfft....

Show me the volume!

(the upside volume that is)

$360 range will see the 61.8% retrace of the whole rally....whole lotta shorters gonna exit their positions right there and a whole lot of n00b shorters gonna get their balls squeezed on that bounce, which will drive bounce even higher, which may even encourage some n00b bulls, to pile back in and drive the bounce yet higher.

I just bought BTC5 at US$390. I'm hoping to buy at least BTC100 more over the weekend if the price keeps dropping. Keep those cheap coins coming. ;D

You're the noob if you still use the word noob at your age.

Seems like a great opportunity to buy if you ask me.

Buy now or cry later, we won't be sub 400 for too long.

Hmm.

Last time I read one of your posts, you were laughing at me for exiting my long and going short (@$450).


Hmm....but even a stopped clock is right twice a day......maybe, just maybe, this is one of LFC_Bitcoin's 'stopped clock' moments?

Yes we are already back to 396.
If you wanna get sub 400 coins now is the time to buy.
I just saw we were down to 381 on stamp. Who bought at that price has done everything properly.

That's for sure. Their piling up now to make profit but honestly very strange as I don't see any reason for this downward slope. It looks like a manipulation done by a whale group rather than other possible factors to me so they would make some profits.

This was done on purpose for the big guys to make more money, same old style. rich get more richer

It looks like manipulation but the 500 hit didn't? I'm not saying either were or were not, but if you can't see why this selloff happened, then you surely couldn't see why the rally happened either.

There is so much wrong with the mentality in this forum anymore. So much one-sided bias. Such absolute words like "can't", "won't" and "impossible" should be stricken from the vocabulary on this forum. We have seen things that were believed "impossible" happen so many times... Don't take it for granted, please

Exactly, preying on bad news and wider market fears. Wise money loading up on cheap BTC ready for the next stage 500 plus.

wow good luck, we need buyer like you right now to increase the hope of the new traders, lots of them are still selling. Grab it brother ;)

Don't you think its too late now to sell coins? $430 should be great but now that its less than 400, there are chance it could bonuce back. I'm holding few as i don't have a lot. Currently all I have are coins literally  ;D It isn't easy to gain profit when you are not rich.

LOL!  :D

Poor dip buyers... they keep on getting screwed over...

Another BTC50 grabbed at US$370. Everyone else better hurry up; these cheap coins are going fast! Get 'em before they're gone!

I wouldn't know about the poor ones, but us rich dip buyers keep on making out like bandits.

Congratulations to the people who held or bought during the dip - you guys are going to make money because you have cojones.

this once again shows that you don't have to panic when the price is being smashed down. use it in your advantage to buy at the low prices, and benefit when the price goes up. like i do right now. i didn't expect it to return to $400 within a matter of hours. the price was just $378 a few hours back. i only hope we will stay above $400 now. the support at $400 is still weak, there is a chance of goinf slightly sub $400 again.

Exactly, it won't be long until bitcoin gets a pump again. The support at $400 was indeed weak, but it has stood there long enough.

I believe the next support should be around $500 and same thing will happen with that value, go back down to $480

Clearly the MH/Cryptsy stuff had an effect but the drop was overdone. Smart money accumulated whilst the dumb money panicked and now has either lost dough or has to buy back at higher levels. And if anyone is shorting BTC they are going to get badly burned.

China has to devalue their currency another 20% in the near future - do you think all those 1bn+ Chinese people will not try to avoid their savings being slashed. Of course they will and the best way for them to do this is by either buying gold or bitcoin.

Same old same old. Just the latest example of bitcoin moving from the weak hands to the strong hands.

As for me your are not totally correct with your main post. Such times and the "dumps" of the price are not so good for who believe in the potential of bitcoin but for the speculators of it. They want these situations in order to have profit from these pumps and dumps. Who believe in bitcoin may do such actions (and have nothing in this) but don't buy only when the price go down but always. For the simple reason that the hoped normal price of bitcoin must be much, much higher. If believed in this, every day (and not only on these mentioned by you) is a good day to buy. Few and few in order to not create dependence and to not hurt the personal finances - but continuously - everyone who have such kind of hope buy bitcoin without seeing at all the price of the day in which buy. This kind of people are the true people of bitcoin. The gift of this people is not the price of these days of bitcoin but the known of it and of its potential.

it was clear that it was a trap  only  amoron would seel and declare bitcoin died, those happened in the past so many times is not even funny anymore

bitcoin is died, can be seen as a meme