|
Title: Crumble or hold? Post by: notig on May 03, 2013, 02:30:09 AM someone said the market was boring to watch... not today. I can't stop looking at it.
so now that more of the general public know about bitcoin..... will they see that since the price has crashed twice it is a bad investment? the funny thing is even if the price continues to crash and has a low of like 60 for a year... if it's the same as the last bubble it is still a good investment. the other funny thing is the fact that the original price crashed the day after western union said they were interested. This time it was the day after paypal said they were interested. You would think that would be great news. I think 100 is some pyshological barrier...... if we don't regain it we may test 90 again Title: Re: Crumble or hold? Post by: BitPirate on May 03, 2013, 02:34:31 AM Temporary dips -- the news is all a bit bearish at the moment.
Big picture: medium-term, btc is undervalued. if you turn off your computer and sleep for a month, chances are you'll be up. Or, you could sell... and spend sleepless nights trying (and probably failing) to call the bottom Title: Re: Crumble or hold? Post by: notig on May 03, 2013, 02:36:07 AM It seems like everything has gone exactly as the last crash though. Huge bubble... pop. Recover and second run but not so high. Downfall again. Then slow decline?
Title: Re: Crumble or hold? Post by: keewee on May 03, 2013, 02:39:46 AM It seems like everything has gone exactly as the last crash though. Huge bubble... pop. Recover and second run but not so high. Downfall again. Then slow decline? And last time Mt Gox was hit with a hack shortly after the bubble popped. This time it's hit with a $75m lawsuit. This is certain to affect the price Title: Re: Crumble or hold? Post by: Frozenlock on May 03, 2013, 02:40:49 AM Is it?
If HSBC is sued, I don't short the USD... But, well, this is Bitcoin. Title: Re: Crumble or hold? Post by: UltimateReaper on May 03, 2013, 02:41:51 AM I just realized this today.
It doesn't matter if the price goes up or down. When its crashing sell near the start, and buy back at any time. When its going up sell after a sudden rise stagnates. More BTC. More happy. Title: Re: Crumble or hold? Post by: Kluge on May 03, 2013, 02:42:30 AM I went long too early, but am waiting to buy, now. Just another week if Gox still exists. ::) :P
Title: Re: Crumble or hold? Post by: notig on May 03, 2013, 02:49:41 AM so many "bull traps" though. People bought all the way up to 112 (down from 91) thinking bullishly when really there was a line of people waiting to get their coins out.
Title: Re: Crumble or hold? Post by: myrkul on May 03, 2013, 03:03:14 AM Title: Re: Crumble or hold? Post by: RyNinDaCleM on May 03, 2013, 03:43:43 AM Is it? If HSBC is sued, I don't short the USD... But, well, this is Bitcoin. No, but if HSBC gets sued or makes a bad investment or sneezes, your mortgage (or whatever type of account you hold with them) will be affected since they pass the "savings" on to the customer. Title: Re: Crumble or hold? Post by: Frozenlock on May 03, 2013, 04:19:14 AM Yeah... so MtGox will use higher fees?
Title: Re: Crumble or hold? Post by: RyNinDaCleM on May 03, 2013, 04:39:06 AM Yeah... so MtGox will use higher fees? If they get any higher you'll have to pay them to take your coins |
