Bitcoin Forum

Looking at the   sinking  price  of  Bitcoin do you  guys  think  it  will  reach  $50 or  even less. i give  it another month and  it  will get to  $50.

It's already 77 ;/ wouldn't take longer...

For sure it'll hit 50. Most of my friends are buying LTC to ride the upward trend once it hits Gox.

Doubt if this is the 50 plunge. may settle around 70.

today`s low is $75 and high $91 per bitcoin. Many people dont have idea about future of bitcoin and its price.

By seeing graph at mtgox for 1 month, trend is negative means more people are selling rather than buying... it is really not good at all...

I dont think it will hit 50.. But still even if stays at around 65-75 for few more days it will hurt bulls a lot :)

Cheers

It is going to be a rough ride. However, it is barely noticeable on the log scale :

http://blockchain.info/charts/market-price?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=1&address=

yes, i'm sure that brings a lot of relief to people who lost a ton of cash

If the previous dips have taught us anything before, this one is going to spike back very well.

I have my doubts that it  will spike.  looks like 2011 all over  again .  the prices dipped bottomed out and  stayed  constant  throught the  year. 
I think it  will  go down to 50 and stabilize around 55-60 i think . 

There is whole lot of canvas change in Bitcoin from 2011. I doubt it will go to 2011 all over again. Even in the crazy ride of April it was not able to break 50.

Bitcoin does have few challenges at the moment to sort out, but it does have strong fundamentals and buying demand.

Personally I believe it should not go below 65 and on top of that market should recover now from this seventies.

Cheers

Its a question of timeframe. This is bitcointalk and always long term bullish. I see a lot of bull traps, sucker rallies and dumps coming.
this is going to sound like trolling but still : <100$ for the rest of 2013 seems plausible.

It looks more like the July 2012 curve rather than the 2011.

Us oldies remember this happening .

http://bitcoincharts.com/charts/chart.png?width=940&m=mtgoxUSD&SubmitButton=Draw&r=&i=&c=1&s=2011-01-04&e=2013-02-05&Prev=&Next=&t=T&b=&a1=&m1=10&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&v=1&cv=0&ps=0&l=0&p=0&

I would like to buy some when it is cheapest :D.
Btw what is this *discount code* in buysellbitco.in ?

well i cashed out my BTC at around 98 or so and bought it back when it reached 73 or so on BTC e.. i think the low this bubble would be around 60 USD so i bought AM shares with my BTC when the flash crash happened.. even if BTC goes to less than 60 i wont be loosing out much coz price per AM share is usually increasin.. What do you guys think about this strategy??

I would not expect 60. With Gox's withdrawal problem being fixed and maybe even improved, am sure it will pick up quite soon.

I dont know the TA still predicts a slow downward slide.. but who know its bitcoins.. Maybe the twins are pumping it up for the ETF..

I second this thought..! People who use other exchanges like campbx etc through Dwolla were waiting for mtgox to get themselves msb registered.
Now that they are done with it. Feds will have to release the funds of mtgox held in dwolla and un-freeze their accounts.

So probably they should be done with those procedures in the next couple of weeks after which people trading btc's start their arbitrage...
I feel it will be back in 100's by aug.!

Who here runs http://buysellbitco.in (http://buysellbitco.in) ?
is it trustworthy?

Yes, He is a very trustworthy person. Look through the reputation threads.

Hmm, not a good place for the prices on a Friday.  :-\

Buysellbitcoin is very trustworthy...done business with them many times.  Very responsive and friendly.

Looks  like  its  time  for  me  to cash  out . and  weather  the  storm out.  should  have  done  it  earlier.

Didnt fuckin think that someone would be able to manipulate AM shares.. so much fail in my life.. should have held my fiat :(

Dont worry bro.. It happens.. I will suggest you to average out your purchase price in any of your investment if you think that investment does have chance in future.

Always work with stop loss mate and dont go with only your gut feelings. You have to empty % of your savings if it is going below your stop loss and buy back at low rates to average out your investment price.

On top of everything, invest only as much as you can afford to loose in high risk investments. BTC is surely high risk investment.

I hope you will recover your funds soon.

Regards

Yeaah its all my play money but still at this point i definitely didnt expect manipulations in AM shares atleast.. i am holding my hsares and yeah i will be contacting you soon Mahin for some coins.. Thanks. Cheers

Well i did tell you that you need to diversify .

I did.. between fiat and BTC.. btc i invested in TAT and AMC.. both of which have been downtrendin recently due to freakin manipulation.. i think best option right now would be to just hold fiat with an iron grip untill the storm passes away..  :( :-[

the stock market  is always  manipulated .  that same  goes  for  mt gox and  the  stocks  for  btc. 

Every penny lost is experience gained i guess..

AM shares manipulated, what price swing are you referring to 4-5-4 BTC?

Yeaah..

http://www.mississauga4sale.com/images/Market-Emotions-Cycle.jpg

Understand The Cycle Of Market Emotions To Make Better Investing Decisions
http://www.forbes.com/sites/greatspeculations/2012/10/18/understand-the-cycle-of-market-emotions-to-make-better-investing-decisions/