Bitcoin Forum

So I was talking about bitcoin many months ago when I invested.

Now everyone's coming back to me because they've seen it on the news and they're hooked!

This is why I still bought in at $95 cause it makes me think there's pressure for it to go up.

Especially now it looks like it's reached bottom.

Seen some huge purchases lately.

If we break through 100 I imagine a wall is going to form somewhere around 90, but I know that's a big if..

How many friends do you have? 3? 30? 300?

My friend only came back to me about Bitcoin because they heard it crashed and wanted to although at me for washing all my money... geez it sure is easy sitting on the sidelines  ::) Haven't lost a penny, by the way.

As someone said "Those wanting cheap coins at 250 are to afraid to buy now at 50"

How the hell did you buy so near to an obvious resistance point ($100)? It's so clear you will be able to buy at least $10 cheaper ($85ish), why do you people like to give away your money?

Well, I guess that's where speculators make their profit.

Well it's not clear that I can buy at 85... $1.17M needs to be sold to get to 85..

I've lost too many times trying to place buy orders at a value, and the price has shot past it..

I tried it in the 30s the 40s, and finally in the 70s I decided I'd buy at market unless I had a good reason not to.

Now that I'm trading in USD it's probably not so bad, but I didn't want to miss out, on the wall crashing down

Ok I might have been exaggerating . Not all of them. but nearly say around 4/7 people that I talked with about bitcoin have mentioned it to me since the crash.

And I haven't seen those other 3 since the crash, so if they bring it up then that's more

Man, you know those numbers (eg. $1.17M needs to be sold to get $85) are just fake walls that vanish when the price goes down, right?

$100 is huge resistance point and there will be volatility around that psychological barrier (which is b/e point for a lot of people), it is difficult to know for sure if price will go down to $65ish in the next few hours/days (it's likely, but no one can be sure), but you can bet that price will go at $85 all the time (well, in fact we touched less than $83 just 22 hours ago).

I mean, BTC is volatile, try to take advantage of that or others will do (with your money).

Yeah, there is a risk of going downward. But if we broke the resistence (and with Bitcoin, everything can happen), there could be a new rush of enthousiasm and a new spike. Then $100 would become a resistence in the opposite direction. Worth betting a few chips on that, in my opinion ;) Although I too hope for the 80-ish to buy big time.

*high five*

yeah i feel quite bad about that.
because they are my friends, i didn't say that:
"didn't i fuc*ing told you so every single month of last year? now you see this blond hair bimbo speaking about bitcoin and you feel it's more real? you use internet every day and still fail to understand what is decentralisation?"
friends friends ...

+1 except I feel this way since about two years.

It's so hard to not rub it in their face "I told you about it when they cost 5€ a Coin and now when they are over 100 you finally listen?"

But the good thing though, the peole that only get in it because they are getting more valuable are exactly the kind of guy we don't need (or only need to make them more valuable), this people would also buy shit if they would read often enough that the poop stocks are on the rise.

I had a friend ask me about BTC the other day:


 :-\ "Do you know anything about those bit-whatevers"?

 ;D "Actually, yes...yes I do"

He was interested in the anonymity aspect, and had only heard a small blurb an the news about it. I (of course) explain a bit about how it works, the basic protocol, ways to get money in and out of the system, and so forth.  He seemed really interested in it until I dropped the bomb on him.....the insane volatility.

 ??? "So what happens if I buy, say, $100 worth of bitcoins and the market tanks?"

 ;D "Well, that money is gone unless the market recovers"

 :-\ "I think I'll just stick to prepaid credit cards"

 ;D "...probably a smart move"


So yeah, I talked him out of it...I cant let my friends lose money in an obviously over inflated market just because they want to buy bullets or whatever without a paper trail.

This happened to me too.

I was talking about bitcoins last October and no one was listening to me.

I tried to start a mining pool with my friends and only 2 joined in.

Now everyone is asking me and giving me money to buy them bitcoins on mtgox because the queue to get verified is so long!

people are emotional. if you say "that money is gone" first thats scary

to say "the market will likely recover like it has many times and you'll eventually make more, but there's a chance you'll lose it if government for example threatens to shut it down or regulate it but thats not likely at least in the short term"

posted it on other thread, but it's more relevant to this one.