Bitcoin Forum

I've decided that if we $100, give or take $10 bucks, I will capitalize on the opportunity and purchase 20 to 30 bitcoins. In the meantime, I'm just holding. What are other people planning on doing or thinking? This would be a GREAT deal and greatly lower my "break even" number.

same

Hard to say, for me Bitcoin went through the invisible border of no return, but I'm still optimistic. I would only buy ones I see the price go up at a sustained rate :)

I think the fact that the price is bouncing around so much right now shows that people are already taking advantage of these cheap coins and snatching them up. Eventually, the people who aren't in it for the longterm will be sold out and coin snatching will cause the price to trend upward again. The lower it goes, the more likely and sooner this will happen. I'm just waiting to pounce.

We are on the down side of an oscillation....wait for the up tick of the wave.

we might not reach 100$, do you have a backup plan? Spread some buying between 150-100 maybe?
Thats not advice, I am holding fiat atm

I'm expecting a long term decline then steady at between $30-60. From there, we can begin building again.

i bought bitcoin today to send to trading account. if goes to 100 then i probably buy more then.
all my mined coins staying in storage until around .02 then i probably might dump and try shorting.

I agree with this 100%. This is just the market exhaling after a lot of pumping from holiday sales (Does anyone have figures on mining rig sales alone during December?). BTC coming and going like crazy, then the holidays end and people start selling miners (starting the new year with more power efficient rigs) and scooping up good deals on gift cards, etc.

It's all normal, folks. It just HURTS and that's why you notice it so much. :)

We just got in the hundreds today. I'll judge by how quickly we drop lower when i buy. I'm thinking by Friday I'll have purchased btc. ($20-$80 range)

Hint: Price is below the production cost.

We only had this few times in the past.

Not sure if you will get this expectation. But time will tell.

True. Maybe I should purchase like 8 at 150, 8 at 125, and 8 at 100, give or take. If we hit those numbers that is. For all I know we may not go back down to $150 again before a market reversal occurs. But at this point I'm not paying above $150.

Were there any mining farms mining the last time it happened?

I've seen pictures of people running 60-100 cards in storage spaces.  5 cards per motherboard.
They were the "mining farms".  If you run 10Gh or more, you were running a mining farm.  The difficulty was only 1M...

Ebay was full of ads to sell cards below their "market" value.  People were offering cards in blocks of 10s on this very forum.

But don't expect too much dip in network hashing rate, maybe it will go sideways for a while...dip a little

I might as well do the same thing, I've been getting paid for gigs in bitcoin and hodling for a long time. It's pretty sad for me to see bitcoin crashing since I'm actually a hoarder but the good thing is that I only have time invested into it. Lots and lots of time. Witht that said, If it crashes further, I might as well try puting some FIAT in to even things out but I'm still hesitant. One thing is sure with Bitcoin, it's unpredictable.

Hopefully, I don't.

I can't stop but think, that this could also be organization or governments selling large quantaties of bitcoin simultaniously. Also due too the steep decline, I think that alot of businesses that accepted btc and held a portion as speculation bailed out too ;)

Don't worry, I'll be there to buy at .02

I'm in under $100. I still don't think it's time to buy yet.