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Title: How deep is rabbit hole now, guys? Post by: Ban Curtain on December 06, 2013, 07:29:37 PM Title: Re: How deep is rabbit hole now, guys? Post by: alpha492 on December 06, 2013, 08:24:03 PM http://www.wallstreetcrypto.com/2013/12/are-we-out-of-woods-yet-bitccoin-market.html
IMO December is going to be rough. Title: Re: How deep is rabbit hole now, guys? Post by: kellrobinson on December 06, 2013, 09:07:43 PM No hurry. In coming months, add to your position on the dips.
The recent run-up was so steep that in my opinion, you don't have to worry about missing the boat. Any future rally is some months into the future. Just look at what happened in the six months or so after the April disturbance. The high price btc reached at the peak was not due to innate demand, it was pure froth. Bitcoin's price got way ahead of fundamentals, and it took six or seven months for things to work themselves out. Then, of course, the foolish money came right in again and created another bubble. That's why I counsel patience. If you didn't sell at the peak, no use crying over spilt milk. It's now time to look forward (actually, it's always time to look forward). Bitcoin will rise again. How far down will it go in the meantime? No telling. But if you keep your wits about you, the farther down it goes, the better! Title: Re: How deep is rabbit hole now, guys? Post by: alpha492 on December 06, 2013, 09:12:19 PM No hurry. In coming months, add to your position on the dips. The recent run-up was so steep that in my opinion, you don't have to worry about missing the boat. Any future rally is some months into the future. Just look at what happened in the six months or so after the April disturbance. The high price btc reached at the peak was not due to innate demand, it was pure froth. Bitcoin's price got way ahead of fundamentals, and it took six or seven months for things to work themselves out. Then, of course, the foolish money came right in again and created another bubble. That's why I counsel patience. If you didn't sell at the peak, no use crying over spilt milk. It's now time to look forward (actually, it's always time to look forward). Bitcoin will rise again. How far down will it go in the meantime? No telling. But if you keep your wits about you, the farther down it goes, the better! I don't think it will be a matter of months till we see another fair sized rally, I'm thinking mid January keep an eye on wallstreetcrypto.com, I do a monthly analysis you can probably expect to see by the 26th Title: Re: How deep is rabbit hole now, guys? Post by: kellrobinson on December 06, 2013, 09:18:37 PM Maybe so. We've already seen a couple of sharp dips. What do you see as the support price (I look at Bitstamp prices, for reference).
Title: Re: How deep is rabbit hole now, guys? Post by: alpha492 on December 06, 2013, 09:26:10 PM Maybe so. We've already seen a couple of sharp dips. What do you see as the support price (I look at Bitstamp prices, for reference). I hardly look at bitstamp, mostly trade on BTC-e, but the expectations should be relatively close. I think based on actual transaction volume **Currently** prices should be 400-500 anything above is purely speculative pricing, theoretically a crash will dip a fair amount below this value. Based on current market growth realistic support levels for BTC will be around upper 500's by the end of December, but who really knows BTC is growing so fast that's just my expectation from staring at a graph. Title: Re: How deep is rabbit hole now, guys? Post by: kellrobinson on December 06, 2013, 09:51:21 PM Yep.
Title: Re: How deep is rabbit hole now, guys? Post by: Desensitizer on December 06, 2013, 11:01:30 PM Abandon ship bitcoins falling to $100USD!
Title: Re: How deep is rabbit hole now, guys? Post by: GSnak on December 07, 2013, 10:10:56 AM All coins now half price!
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