Bitcoin Forum

I think MANY people haven't been moving there BTC around since MyBitcoin went down. And when BTC doesn't move around...it gets lower.

Time to buy?

Not yet...

I am watching very closely, I will be buying very soon.

You've already missed the bottom. It's only going up from here! Now's the time to buy

Why is this post  not in Speculation :P

;D done

For once I actually agree with you. :D

The market depth on the bid side still seems so weak.
I guess I'm still confident of some rises over the medium term once interest picks up in places like China and Korea.. but I've no idea what is a likely low point in the mean time.  $5 sounds just as plausible as $11 to me. 

Thing is if we drop to single digits especially mid-range single digits, I know me personally, will be snatching them up happily. I'm not sure how many people have the same mindset as me but I'm sure I'm not the only one. Will it be a good idea? Maybe, Maybe not. Though I also feel if we drop below 10 there will be a lot of panic selling.

Bingo, dropping this low is, to me, not a sign that this thing is anything I ought to put anymore money into.

I picked up most of my coins at 3ish usd. So I'm not too worried yet. But people that bought in at huge prices....Well, good luck to you guys  ;D

I was too happy today because I got my first bitcoins  and now reading this thread you make me get worried  :(

Don't listen to them lol... If you sell you play into their games and THEY WIN.  ;D

The price was once at $30 it will go back up. I have never bought any bitcoins. I made them all of my sites and logo making :)

I believe long term we'll be fine. But short term for the moment is sketchy.  People in it to make a quick buck are probably going to panic and sell everything at some time in the near future.

No, it might go back up, but very likely won't for a very long time, if at all.  Do you not see how much money it would take just to move the price back up to $13.80?  Over $600,000!  It would take millions to take it back up to $30 and millions of dollars are simply not entering the market.  I stand by the prediction I've been repeating for quite some time now...we will not get back over $20 this year.  Maybe, maybe, sometime next year.

Wow never heard you say anything like that before.  ::)

preface: bitcoins are a revolutionary idea. One that I'm am very much supportive of. but...

the thing about bitcoins is that they rely on the internet. if you are bullish about the internet never having any sort of problem, then bitcoins look to be a somewhat bullish investment.

if you have any sort of worries about an "internet kill switch" or solar flares, or any other kind of disruption to the global network happening in the next few years, well then... you might want to start shorting bitcoins.


-- note -- I am staying somewhat invested in bitcoin as a hedge against the world maintaining the status quo. I am also invested in silver, gold, food staples, cold weather clothing and shelter, and farmland! (I mean like an actual farm, where I can stay and work, just in case :)

all this stuff going on right now is to risky to lay all your eggs in one basket. just my opinion.

hahhahah

Someone's clearly panic selling today. I hope you all are snapping up the bargains!

Why is it a bargain?

i missed the train.

now i learned not to transfer funds to my bank account on the weekend.

You probably didn't miss anything, it will probably be under 8,70 dollars within a week if not faster.

Huh?  I just picked some up for less than that (unless the exchange unwinds their books.)  I'm holding out for $5-ish and it seems like a distinct possibility (but I'm still giving less than a 50% chance.)

I suspect that a lot of the liquidity originated in Poland or MBC.com.  I figure that the criminals needed to divvy things up amongst various operatives who have accounts on the exchanges.  I hoped that some of them may be none-to-shrewd and would blow the price down to much at times.  I wanted to capitalize if so...and kept some powder dry for this purpose.

Did I do the right thing and there will be a rally when this all blows over?  Or will BTC prove to have to much of a sting and everyone bails?  Or???  Time will tell.

Of course, if you buy BTC as a currency instead of a speculative vehicle none of this matters much. Instead of sell, sell, sell, try spending your bitcoin. It will help make a more robust economy and you may find some bargains right now priced in bitcoin.

Exactly!

Either you are actually using bitcoins and you don't care what the price is or you are speculating and then these crazy swings are just what you want.