Bitcoin Forum

It seems that too much has been sold and some guy needs around 2 million dollars worth of bitcoins to buy that penthouse. Silk Road is sort of up. The selling seems to have eased.

I think it is time to buy. Do you?

Yes if you feel like paying a $40 or $50 premium on your coins.

i think the weekend will show lower numbers. Might wanna wait till sunday night

the price dropped because it was one group/person that kept dumping and buying coins backs... Is he done? Who knows... Everyone is holding from the looks of it

I don't know; of course. But I am loading up with dollars just in case.

Time to buy?
Time to buy!

I have already bought some however I still have reserves just in case we go down further.

thats how its done.

if you want to lose its time to buy

Not for me, I'll buy at least 20-30% cheaper than this or withdraw my fiat and end the game. This shit is taking my life away from me, I'm not ready to stare at screens for whole days much longer.

That has been my life for the last two years. It has made me a very enjoyable amount of money, but it IS insanity inducing at times.

I'm going to try my hand at day trading. Just want a little bit at a time. But yes, it does really seem like we're on a downward trend.

Yeah, I could probably continue it for some time if I'd be making lot of money. I more than doubled my investment, was as high as 4x more though but it's small investment (and I'm not ready to invest more) so it's not really a big reward for such stressful work.

Next few days I'll definitely consider my future about this. At this point of state of my mind, only some very good trading in next week could make me continue. If I continue to bounce at this level, I'm out and will invest only if some huge, huge crash happens that would make coins very cheap.

My bid orders at Mt.Gox got filled at $95, $87 and $80. I have more outstanding at even lower prices. Yes I would buy here and have done so. I expect that when this capitulation is over, prices will retrace to maybe $120 - and then time to sell.

IMHO any price under $120 is good to buy.
Yesterday I've made series of bids in range between $95 and $50. All of them down to $79 are already fulfilled. And I suppose $79 was the lowest point.

I hope so actually. Going more or less straight downward is kind of depressing.

I think we will see lower prices... I'm holding fiat and waiting to get back in, but I'm in no rush.  I don't think $79 is the bottom.

I bought between 115 and 92, and am reserving some USD with a hope of a lower price this weekend.

I check the price like once per week. If something radical changes, like now, go and adjust your orders, then forget about it for another week. That's how it's done. Staring at the moving price will only make you lose in the end, because you will start trading on emotions. Only newbies do that.

Insanity? On what time spread do you base your moves?