Bitcoin Forum

I can happily say I got in at 556 via coinbase...

Hope others were able to pick up some more coins at these prices =D

Lets not count our bitcoins before their confirmations.....  ::)

Congrats on entering a good ol' bull trap. Although I don't know if that was coinbase's bottom, I don't use that price that charges a premium to screw you over.

soon...

https://i.imgur.com/Jzd8UwZ.jpg

We'll need to see a quiet period before another run.

Still much more downside in both Litecoin & Bitcoin to go.  Thank goodness for all this bad news.  I got orders to get filled.

Im waiting for the Gox price to crash to $10 so the $10 I have left over in gox since 2011 as a "wtf lets hope for a glitch buy 1000 at $0.10" turns into an entire coin.  ;D Unfortunately, I doubt that gox will ever give me that coin if it ever crashes that low.

But if it does, At THAT point, I'll party xD

I'm going to hold off on getting excited until people start reporting Coinbase is cancelling for 'high risk transaction'

I'm just glad I sold all my bitcoins in the $800's. I probably won't even consider buying until it stays at a price range for at least a week.

ahahahahaha so right.

Yeah...absolutely no rush to get into Bitcoin right now.

Once again, Bitcoin has rebounded of an absolute school-boy price level. $540. So obvious it's unreal (nope, I never entered the market and made money of it). Either Bitcoin consolidates at 600 range (I don't believe it for a minute) or next bit of serious whiplash action will be at $380......

.....now for a slice of $380 bounce action, I may break my recent stance on sitting out of Bitcoin until trend reversal is confirmed.......should be some serious up action if/when this price level is hit.

I hope you're right, I let $550 go and am now thinking that may have been the bottom. If I missed again it's just par for the course for my incredible trading skills.

No worries MatTheCat, the market won't take off without a quiet period first... but make no mistake about it, it's going to take off again.

But having said that, now's the time to be progressively buying in if you want the best price.

The market always over corrects to the downside before it finally settles into its quiet period base.  The high probability play is to wait for that base to form, then start buying in.  The base will always be slightly higher then it's lowest crash price.  But the time to get the cheapest price is to buy during the panic crash... when all the news is bad... when all the lemmings are selling (as in now).

I hope to god 550 was the bottom for now. I've been buying between 620-670 the past two days. Was not willing to pitch more fiat towards BTC unless it crossed below 450 a la December's shenanigans.

That was great timing, but if you had bought on Bitfinex you could have dumped them the next day for over $700. With Coinbase, you won't get the coins till tomorrow, which really sucks right about now. Coinbase 4 bus day wait is brutal.

I bought a few too many coins at 670. bite the bullet at 580.

I'll be back....hopefully the coins will be dirt cheap

and I'm sorry, but if 550 was the floor, I wouldn't have sold. These coins are going to drop drop drop.

Why not just use Bitstamp and have them instantly at that same price ~$550?

Yes, Bitstamp or Bitfinex are the way to go. Coinbase is good for transfers, buying and holding, selling, or using it for a mining address. For speculating it's a turd. The OP almost made it, who knows how low it will go overnight.

I had a limit order at $799...then I lowered it to $650...then $600... Then $550... I just lowered it to $425.

I wish you luck, but something tells me that $550 is not the bottom.

My gut tells me we are heading for $300-$400 range by next week. I'm going to hold off for now.

I have a 10 coin buy order at $120 on Coinbase. One can hope  

BWAHAHAHAHAHAHAHAHA

MUG.

Seriously. By this time 2moro they are going to be expensive coins, we have hit $540, where I expected there to be at least 'a reaction' but it looks like Bitstamp is going to grind right down through this range. Next support level beyond that is $380.

thats a very good idea , how many coin you sold ?

How do you arrive at $380 as the next support level? curious.

Look right along the chart and look for the next pivotal price point, where Bitcoin has crashed hard down to, before responding voraciously upwards on large volume.

The hour of trading where Bitcoin hit $382 in Dec 17th on Bitstamp is the all time record volume for 1hr trading on Bitstamp.

Probably, Bitcoin will bounce back before this range is reached, but we will be in no-mans land from a TA point of view with a still very weak bearish market with a shit storm of FUD surrounding it.

I just want to say congrats on a piss poor investment!  Bitcoin is trending down if you haven't noticed.  China took us to heights we will never see again.  Your $550 coins will be worth $450 in a week.  $350 in 2.  $250 in 3.  $150 in 4.  And less than $100 in just 5 weeks.  That's right.  You heard it here first. 

You aint quite 'first' around here with those sorts of calls mate.

I don't know I put in a small buy order at $500 + cents and another at $500 + cents. I personally want another 10% discount before I take a big risk.

Luckily you can always buy more to reduce your average cost/coin...

Nobody intelligent here really thinks Bitcoin is dying... Until people lose faith in the long term outlook of Bitcoin it's going to grow.

I just bought more at $545 and if it goes to $100 I'll buy 10 more...

Have fun buying back in once the New York exchange is up and running on Wall Street; with the support from the US government driving it further.

I'm leveraging my investment down as much as I can right now by buying at every opportunity.

That's the joy of hoarding. If it goes up, your coins are potentially worth more. If it goes down, you can get more coins. No stress, no worry.

Except for that part about loss of fiat value.

You haven't lost anything until you decide to sell at a loss...
The only thing that would make it worth selling at a loss would be an incoming and immediate dead-end...

Bitcoin is more alive today than ever in it's life. Tons of new innovation is right around the corner. It's been recognized for usefulness outside that of "just a currency alone" by legislators, economists, and journalists.

To sell now is foolish. I don't think we've even begun to see where this can take us.

There are individuals who by themselves own enough Bitcoin to crash every single exchange simultaneously. The conversion rate of Bitcoin to various fiat currencies across a hand full of highly manipulated exchanges is actually about the least important factor of Bitcoin...

For those who sell at a loss; it's their own choice. I believe Bitcoin is going to revolutionize several sectors of world finance. When the price goes down, I buy and hold... When the price goes up; I buy and hold...

It's coming people... Just a few more years to go...