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Title: I'm about to capitulate - WTF is going on? Post by: phr0stbyt3 on February 25, 2014, 04:45:32 AM The BTC price has been pretty gag inducing for the last several weeks; peeking above $700 a few times, hovering around $600 most of the time with some dips into the $500s. Without saying stupid shit like "Don't invest more than you can afford to lose!" can anyone give me some sound advice? I've been hodling ever since I missed the last all time high. I laughed when bitcoin got valuated at $1300 each but now I feel like maybe it wasn't that funy.
I'm sure the recent dip below $500 is because of this Mtgox shit (which shouldn't really be a surprise to anyone TBH) but what's really going on here? Big stacks of bitcoins staggering their dump on us? Market manipulation? Ghostbusters 3 was announced? Title: Re: I'm about to capitulate - WTF is going on? Post by: btc4ever on February 25, 2014, 04:51:15 AM maybe you should look at the all time logarithmic chart and consider what it would have looked like if you had bought just after one of the peaks.
Title: Re: I'm about to capitulate - WTF is going on? Post by: Riffed on February 25, 2014, 04:54:52 AM The BTC price has been pretty gag inducing for the last several weeks; peeking above $700 a few times, hovering around $600 most of the time with some dips into the $500s. Without saying stupid shit like "Don't invest more than you can afford to lose!" can anyone give me some sound advice? I've been hodling ever since I missed the last all time high. I laughed when bitcoin got valuated at $1300 each but now I feel like maybe it wasn't that funy. I'm sure the recent dip below $500 is because of this Mtgox shit (which shouldn't really be a surprise to anyone TBH) but what's really going on here? Big stacks of bitcoins staggering their dump on us? Market manipulation? Ghostbusters 3 was announced? 1. Go to www.bitcoinwisdom.com 2. Select Bitstamp (or MtGox if you ignore this month), 1 week interval, and choose Logarithmic in Settings. 3. See if you can detect a pattern beginning in 2011... While past performance is no indication of future results, patterns often repeat. Title: Re: I'm about to capitulate - WTF is going on? Post by: phr0stbyt3 on February 25, 2014, 05:04:28 AM The BTC price has been pretty gag inducing for the last several weeks; peeking above $700 a few times, hovering around $600 most of the time with some dips into the $500s. Without saying stupid shit like "Don't invest more than you can afford to lose!" can anyone give me some sound advice? I've been hodling ever since I missed the last all time high. I laughed when bitcoin got valuated at $1300 each but now I feel like maybe it wasn't that funy. I'm sure the recent dip below $500 is because of this Mtgox shit (which shouldn't really be a surprise to anyone TBH) but what's really going on here? Big stacks of bitcoins staggering their dump on us? Market manipulation? Ghostbusters 3 was announced? 1. Go to www.bitcoinwisdom.com 2. Select Bitstamp (or MtGox if you ignore this month), 1 week interval, and choose Logarithmic in Settings. 3. See if you can detect a pattern beginning in 2011... While past performance is no indication of future results, patterns often repeat. Title: Re: I'm about to capitulate - WTF is going on? Post by: TrailingComet on February 25, 2014, 05:05:13 AM The market is spooked because of the MtGox situation which is kinda overshadowing all else
My sense is that most of the selling is not by early guys but by folks who bought in post- May 2013 While the path for BTC remains promising, it is clear now that this is not a get rich quick scheme but requires a long time horizon It is perhaps not helpful to check prices everyday as the vol is likely to confuse further If you don't have the stomach for the long game, you should get out Title: Re: I'm about to capitulate - WTF is going on? Post by: kashish948 on February 25, 2014, 05:05:33 AM is this just bcoz of GOX or some other bad news came in?
Title: Re: I'm about to capitulate - WTF is going on? Post by: phr0stbyt3 on February 25, 2014, 05:15:44 AM Title: Re: I'm about to capitulate - WTF is going on? Post by: marcus_of_augustus on February 25, 2014, 05:20:31 AM You, and hundreds of thousands others like you, just got goxxxxed. It has been happening since June-2011 with regularity. Title: Re: I'm about to capitulate - WTF is going on? Post by: DjPxH on February 25, 2014, 05:37:40 AM http://www.scribd.com/doc/209050732/MtGox-Situation-Crisis-Strategy-Draft
Title: Re: I'm about to capitulate - WTF is going on? Post by: nirom on February 25, 2014, 06:00:10 AM No doubt it will got much lower in the next fews days if Gox is to completely dissapear. I think it's a nice time for a bargain. :P
Title: Re: I'm about to capitulate - WTF is going on? Post by: Riffed on February 25, 2014, 06:36:45 AM maybe you should look at the all time logarithmic chart and consider what it would have looked like if you had bought just after one of the peaks. Lol sorry - didn't see your post when I wrote mine :) Title: Re: I'm about to capitulate - WTF is going on? Post by: TrailingComet on February 25, 2014, 07:19:57 AM Think market will settle in the 300's
Overall a buying iopportunity Title: Re: I'm about to capitulate - WTF is going on? Post by: YipYip on February 25, 2014, 07:29:08 AM Think market will settle in the 300's Overall a buying iopportunity nup its all good ...market is now happy ...and certainty has entered ... Watch it go upz :D Title: Re: I'm about to capitulate - WTF is going on? Post by: Mythul on February 25, 2014, 07:35:30 AM I guess this is the end of Bitcoin....on GOX.
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