Bitcoin Forum

Heads up! Market Bottom? You can buy now for under $22/BTC...

{"ticker":{"high":28.9,"low":20.01,"vol":95662,"buy":21.8107,"sell":21.838,"last":21.8107}}

A few seconds ago it was at 21.20, now is the calm, panic-free time to buy at a possibly great price.

Edit:
Current last sale = 21.11
Note: If the weekend is quite we might "retest" the low at ~$20; This (right now) is a great entry point, IMO.

 Why do I get the feeling that some really smart traders are screwing with all these tech geeks? I bet a ton of them sold on that long slide down, and are going to regret it very soon.

The only people with USD in their MTGOX accounts are the ones who just sold. No wire transfers until Monday. It's going to go down more. Don't be surprised. It will come back, but it's going to get worse first.

If you are savvy about markets and "Buy low / Sell High" you would know this is a high reward / somewhat low risk time to buy.

I agree :) Especially if you sold at the peak.

The (smart) ones who sold above $28 (for example) will be buying like crazy at 20 to 21. That is how a minority of investors make real money while the herd is ruled by greed and fear. I have "trading wisdom" but not currently able to invest, so I am telling you how to make great money.

Please leave me a tip either now or when you notice many of my predictions are correct.

get ready to buy. ;)

Oh come on, really?  I sell at 20.9 to get some mtgoxUSD for buying when it goes down to $16, twelve minutes later it's back up to 22.2.  Wonder what it'll look like after I wake up tomorrow, lol.

But still, screw it, I'm done with trying to do this short-term stuff.  Glad I'm only out a tiny amount (by today's standards anyway).

I am "playing" with a single Bitcoin; It's fun but w/ almost no room for error.  

I sell at 20.9...

You really sold at 20.9, seriously? My whole point was "buy now, if you can, especially if you sold at $28 or above".
Of course it's risky; If you are a trader*, then you know what I'm talking about.

*FYI: The word trader does not always mean day-trader.

Edit: Don't worry too much Ricochet, I was still bullish at $31 and almost had to stop trying after a moderate loss. Earned it back with good fast trades on the way down...

ps. $16 might be possible, but we should see $24, 25, 26 again first.

I only sold at 20.9 because I expected it to continue down for a few more hours >_>

It's buy high, sell low, right?

But like I said, I'm out by maybe half a coin, if that, so I'm not worried.  Kinda like you here in dealing with small volumes.

Mark first, see whether your predictions work or not.

It seems that your prediction is wrong. People who take your suggestions will lose 30% money by now.