Bitcoin Forum

I just bought some btc recently and was wondering if i should keep it until btc rises....

HODL!

Alternatively: omg get out, sell, quick, it's gonna crash!!! and besides I need to buy your coins cheaply right?

Summary: it's difficult to take any answer you would get here as an honestly held belief.

For what it's worth: I am not sure which way prices will go when MtGox finally either opens the floodgates or dies outright. I do think that if there's a crash, it will recover. I'm not into tons of risk but I've already covered the amount I put in to bitcoin, so I'll be happy to hold for the foreseeable future and see what happens.

Good luck!

Thats true, i think i might just hold on to these... that would be the best option right now, plus if it rise back i would have a great profit for my investment.

If you just recently bought them, you probably don't want to sell at a loss, or barely any gain. Either hold onto them or spend them with someone that will keep pushing the ecosystem forward

Record breaking ATH soon, you have made a good decision.

.

I'm not sure that we've hit the floor yet; sub $500 prices may be coming later this month and March. A wise speculator would hodl and buy more, because when price rallies to $5000 later this year, people will be asking themselves, 'why didn't i buy any of those cheap $500-$600 coins??' Sounds crazy now but it will happen.

.

It will crash hard, we won´t see 1000$ any time soon(if ever)

No more triple digits for 2013..... the triple digit myth..... capitulation to below $30..... the Bitcoin bubble has burst....

As Yogi Berra said, it's deja vu all over again. Just add a zero.   :)

Don't be in a hurry for your bitcoins to reach their potential value. Will the whole bitcoin economy be worth more than $8 billion in a few years? Many people who understand the technology think that it, or cryptocurrencies in general, will replace a lot of the current global financial infrastructure eventually, which is worth trillions. Will it be a smooth ride up until then? Definitely not. Will it go a lot lower on the way? Maybe. Take a chance if you're greedy, or just sit tight and hold. These forums are full of people weeping about how they were just about the buy back in at $2, $5, $200, whatever. I sold a few at $100 in July thinking it wouldn't see that high again. If you can afford what you have spent on them then hold on to them, if not, sell the bitcoins you can't afford and stop worrying. In the end it's your choice.

If I tell you that bitcoin is going to crash to zero will you sell me your bitcoins right now?

Chart says bottom could be around 420 but hodl if you don't want to take counterparty risk by using exchanges.

Be aware, that the Bitcoin Nutters on this forum have been telling n00bs to buy and hold all the way down from $1200. I see you are getting the same 'advice'.

What to do would depend on what price you bought in at. As I type, the short term charts are very depressed, and perhaps due for a small swing-back up the way, but it will just be a small one and another proper price nose dive is certainly overdue. However, there is the MtGox thing to come yet. Perhaps some 'good news' from Gox will result in a temporary price upswing. It won't fool me into thinking bear market is done but Bitcoin is full to the brim of extremely dumb money, and who is to argue with the masses if they are putting their collective money where their mouths are? If we get an upswing from Gox re-enabling BTC withdrawals (a big fkn IF btw), then that is your chance to liquidise your Bitcoin holdings. If their is a Gox inspired upswing it may be brief as exasperated investors and arbitrage takers look to liquidise their Gox BTC on the likes of Bitstamp immediately.


As bear market deniers like to keep telling everyone. Just because it happened twice before, doesn't necessarily mean it is going to happen in the same way again.

What if Bitcoin at the end of 2014, is only $500? Or even less? What then? And why do you think that this is beyond the realms of all possibility?

If the bitcoin price is not what you want it to be...just wait.

Anyone prepared to call the bottom?
Based on nothing more scientific than a finger in the wind (which is actually quite a lot more scientific than a lot of people on these forums rely on) I'll say $400, Bitstamp.

LOWER!

And over a much longer time period than the perma-bulls have the patience for, which is why it will be the true final capitulation.

You have to evaluate, the reason that you bought the btc in the first place.   Was it because you wanted to be part of something new?   Did you want to be a participant in a vehicle that has the potential to change the financial world as we know it?   Or were you just hoping to double your money in a few days/weeks/months?  Also you need to evaluate if it could affect your life if the value halved again, or even worse.  

If the value plummeting could adversely affect your life, or make you lose sleep, then maybe selling is the best option for you.   If it was the latter, and you want to be a part of the bigger picture, then definitely hold.   There is definitely still the potential for massive growth, it is just starting to look like it is on a much bigger timetable than most had hoped.  

If you bought only a few btc, and your idea was to  get rich quick, then that idea is pretty much out the window for the time being.   That doesn't mean that you are not going to make long term gains on the investment, however.   Keep in mind that a 10-12% return on a stock market investment is still considered strong.  You can still reap those returns on any given day in the btc market.

.

Yeah, probably right. $200 wouldn't surprise me. Under that would I think. Pre-October 2013 prices don't seem likely, still too much residual interest from speculators.

Oh it's a possibility alright, but I think that possibility is small if you look at all what's happening around bitcoin. But who knows, a longer term bear market of a year or two is definitely within the realms of possibility if issues keep popping up and the infrastructure isn't growing as well as people thought. Masterluc, by many considered to be the best analyst on this forum, has predicted exactly that and people laughed at him. I personally don't think it will happen, but anyone who simply discounts this as a real possibility is not being realistic. The opposite could also happen however, and bears who discount the possibility that the price will start rallying in the coming months towards crazy new highs are equally foolish.

Every new and upcoming technology will always have setbacks.   I am 100% confident in the growth of bitcoin on a long term scale, but I think in the short term it is going to be a rocky road...   Still opportunities to buy on the dips (and sell on the highs if that is what you want to do).   The astronomical margins are probably gone for the time being however...

when bitcoin was at double digits, we imagined what would happen when investors with millions usd would be coming into coins. now we know what happens, the next question is, what will happen when investors with billions usd would be coming into coins. this should happen somewhen in '14-'16 range, margins should be about the same size, different order of magnitude.

this current shitstorm does not matter, only for mid-term speculation. if anything, it shows quite a lot of maturity in the market - only 50% retraction from ATH, solid price supports ignoring the whole dying mtgox situation (remember the last two crashes mtgox was calling all the shots), stable foundation for current services development and future growth.

In addition, probably sooner than later a major bank is going to come out and publicly back and/or start getting involved in bitcoin.   I guarantee they are all mitigating the risk and exposure right now, because they realize how profitable it could be for them to be the first major bank involved.

Did you ever run out of energies? Really, I'm impressed by your commitment :P 

$100k by tomorrow, confrimed.  Very confrimed.

Man fuck you bitch, im asking a simple question there is no need to go on your period just because of that. Die slow.

Thanks for your input, i appreciate it.

Thanks for your advice, i really appreciate it... I bought them to buy a couple of things and i seen how low it was and thinking should i buy more and hold on to some but regardless i'm still gonna make a couple of purchases. i definitely didnt buy them to sell them or anything of that sort.

Hold on!

How much did you pay for these Bitcoins?

If you managed to buy in the $500's, then sell! Bitcoin may have another little spurt higher, it may not, but what is looking increasingly certain is another retest of the $540 support.

Don't be a Bitcoin Nutter. There is no worthy ideological libertarian movement here. Bitcoin is a cornered shark infested market that just also happens to be full of dumb shark meat that got nice and fat and had their own stupidity actually rewarded on the parabolic rise. Thus there are many stupid noveau riche cunts around here who also think they are smart, but believe me, they aint and you would be a fool to have your thinking tainted by them.

Bitcoin from here on out is all about the bottom line and don't let any false paradigm worshipping retard convince you otherwise.

Yeah, shorting is for pussies who are too weak to take a loss - real men take it in the ass and smile, damnit!
bitpop, were you born stupid or did you fall onto your head at some point?

.

“Fear is the path to the dark side. Fear leads to anger. Anger leads to hate. Hate leads to suffering.” - Yoda

The market has just finished with fear. Now, judging from this thread, it is apparently in anger (or hate). After anger will be hate, and then suffering (despair stage). Only after suffering is over will the capitulation finally be complete.

LOLOL Having fun?

I see you're a Hero Member. You've obviously been around long enough to actually have some experience.

Does that make you a Bitcoin Nutter?

 :) ;) :D ;D

$600's are like the $July 60's. Incredible buying opportunity for those who got in on the latest rally

.

Exactly. After bottoming out at $50 (~166% of the previous major bubble's high) final capitulation was about 33% higher than the bottom.

After bottoming out at $400-450 (depending on the exchange) or about 166% of the previous major bubble's high, final capitulation at about $600 (or a bit less) would represent the same 33% difference.

Edit- Obviously I'm not counting the recent Gox fiasco or the recent $100 silliness, just actual sustained trading on working exchanges.

How can you possibly compare $600s to $60s?   $60s lasted THREE DAYS. $600s have lasted TWO WEEKS now, there is now no volume on bitstamp again, and the 3D emas JUST crossed down.

This is more like $100 in June.

The value of your coin is what you paid for it, at the least... Accept nothing less, Accept anything greater. Expect nothing except what you paid for it.

If you were lucky and got it cheap, great! If not, then you just have to wait until someone sees your coin as worth more than you paid for it. Just like anything-else in life, except FIAT... That is the only time it is ever what the govt and banks tell you it is worth, unless you stop listening to them, and sell it on ebay for more than it is worth. (Yes, they do that. Look at the Zimbabwe 100-trillion dollar bill, worth $0.000000000000000000001 USD, sold for up to $5.00 USD on ebay! Even US-Pennies get sold for dollars.)

Lead or follow, just don't get left behind!

In the end, it is only what you make it to be... If you do nothing, then expect nothing. You want it to be more, make it more! Otherwise you are just another spectator, holding a coin, waiting for a free ride. Free rides take longer than walking or running.

Yup. Bitstamp is eerily quiet, low volume, pretty much static.
-> something is about to happen

This whole forum is in a state of denial right now. The chart is in the "denial channel" as someone called it. "we've found bottom", "it's not going below 580", "artificially low" "look at the adoption news", "this is just because of gox", "gox is going to cause a huge rally when news comes out", "$1000 in a couple weeks", "youll be sorry you didnt buy those cheap coins", etc.  It sort of tells me that this ISN'T bottom, and when I look at the chart all I see is down down down.

You are wrong, look at the technical indicators and you will see divergence.

Pretty sure if that was the case we wouldn't have the entertaining differences of opinion.

Crash to 30-50 usd

Yeah, I too would be interested to know which technical indicators are screaming bull in amongst those are all just screaming....









KARHU!!!

http://upload.wikimedia.org/wikipedia/en/f/ff/Karhu.png

Indicators are telling us this  ;D

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

dump coming !

TACTICAL DUMP INCOMING! TAKE COVER!

.

They will do it before GOX opens. My guess.

LOL

That's what some fools were saying last June.

Some even went so far as to predict "no more triple digits in 2013".

Then July happened.

LOL

just a little, we'll see who the fool  ;)

What would you know? You're only an experienced hero member. Your mind is obviously clouded by the past.

Only people who recently discovered Bitcoin really understand how Bitcoin is sure to crash.

If Gox news turn out to be positive I assume we will see a nice bull run maybe up to 8xx.
But what will happen up there?
I am not sure that there will be enough confidence to climb higher since we are in a bear market and lots of players will sell for profit and in fear of massive dumps.
So who will be buying there?
I am not sure if new big players enter the market, just because they see a greed driven (fear of beeing left behind ...) bull run 200$ upwards.
After last weeks troubles with the exchanges and the blockchain, I think the psychological aspect is left out on the equation of hopes in reaching a new ATH.
By watching this scenario most investors will sit on the sidelines watching carefully how things evolve before they throw their money at btc.
If there already was enough money why did we drop down to 600 after resting several days/weeks at round 800.
In case one answer would be: "It's because whales want cheap coins". Then I say it will go down even more.
Besides that I think resting at a far lower price and then climbing up slowly would be very helpful to gain more confidence in public and enhance the very important mass adoption.

I am not a business man. Just some thoughts.

Thx
W

Check this  :D

http://easycaptures.com/fs/uploaded/650/6604052686.png (http://easycaptures.com/6604052686)View Screen Capture (http://easycaptures.com/6604052686)

Call me paranoid, but something weird is going on with Stamp.
Trading within a $10 range all day - only broken just now, by a few cents.
But weirder, A LOT of very small trades are happening, just a few hundredths or thousandths of a bitcoin, and a lot of them are the same amount. Take a look at the order book. Very few 'real' trades.
So I'm wondering what that's about. Is someone manipulating the market with a bot that buffers prices? And what happens when someone buys or sells a large amount and pushes it well outside of its range?

general manipulation, the same thing as what happened with exchange MtGox.

Some retard with more cash than sense who has just passed his TA 101 certificate possibly may have noticed that the 4hr MACD, KDJ, and Stochastic RSI, are all pointing towards buy signals (at least in theory).......

..........unfortunately for whoever just bought a bucket load of Bitcoin, they failed to take into account practically everything else (bearish sentiment, long term bear downtrend, complete lack of volume/genuine trades etc). Around 1200 BTC bought at ~ $630. These will turn out to be expensive coins soon enough, providing they aren't just dumped at the next opportunity at $650 or whatever, if BTC even gets that high.

Edit: Just noticed little buy spike on Gox...someone could also have jumped the gun on that as well, if so, speaks testaments to the levels dumb money in this market.

There is no way on earth that we are going to see $30-$50 again...

I hate it when people say stuff like that cos it usually means we will.

I bet you we see 50 on Gox, not that it counts.

Bitstamp and btce also go down.

You think I just jinxed us?   There is enough buy support around the world by this point to prevent that from happening.   One exchange being able to process withdrawals doesn't count as a blanket statement for the sentiment of bitcoin in general...

We get a $0-10 prediction every 10 minutes or so on this forum.