Bitcoin Forum

After a long and bumpy decline for almost 14 month, I might be finally wrong with my expectation of coins around $120. -> This would have given me the opportunity to reach my intended bitcoin holdings.

Wish I had bought more at $160. Am I to late to the party?

For some more days I will try to stay calm. No buying, just observing. Something is in the air.

What do you think? How are your feelings at your current dollar (long) vs. bitcoin (long) positions?

Fact is we will never know when is the right time to buy. Even with my gut feeling telling it's "yes" or when the chart and order book volume tell me that "now is the time", eventually it could still be wrong. Anyway, just spread your risk and buy small and have it distribute at different price level. this way you will average out.

Best piece of advice in my opinion.

This is just a lull in the long march towards $20. There are still outstanding stolen coins in the tens of thousands to be sold. Chinese miners selling their coins as fast they mine them. Merchants unloading coins as fast as they come in. 2014 saw a long decline from 1200 to 200. It won't be as drastic as 2014 but 2015 will see a long decline from 200 to 20.

however with new money coming in from the US the price is likely to increase,...

well assuming you are correct then difficulty will adjust and my asic miners go back on..and my frigging LTC miner will go like hell making coin
also as a result

I started at 150 coin oct 2013 we can go to that and below .....assuming difficulty adjusts...the question at that point then becomes

will? bitcoin survive the bounce to go back to a sustainable (more or less) amount to continue with its acceptance and/or growth....or would it die on the vine?

No idea....but hey I'm holding long term if it wants to bounce way down and come back like it has in the past...i have the miners hitched up and waiting to go

(might be worth it just to see those large data halls 'go bankrupt'...like KNC .....this again assuming Bitcoin does its usual (as in the past) bounce back from the 'dead'

no idea...i placed my bet will see (if it is as dire as $20 coin damn..maybe i should have bought that 550gh jupiter on ebay with shipping for $80 bucks huh?)

wtf it started out as a 'hobby' it can go back ...worse case I will be known as the bitcoin king and have all the bitcoin (much like the current beanie baby king
there was an article about him someplace) ...and/or I could then become a 'tulip farmer' ..endless possiblities bitcoin gives us huh? :) : )

*hey don't toss stuff at me in bitcointalk 'ducks')

Why do you have a bad feeling? Surely this is a good thing and if you feel like this just buy some more coins before it happens.

I'd like to buy more. Will wait for some days until the global picture gets clearer.

Buyers are scared to buy because they're still afraid another big dip is coming into the low 100's and they don't want to buy and see their 'investment' cut in half soon after. On the other hand they're also afraid that the price is set to rise very quickly soon and they don't want to miss out on that, so there is a constant tension here which could snap at any moment. We saw a small taste of this during the rise to $300+ earlier, but it was followed quickly by a large dump so we're back to scared buyers and sellers who don't know what to do. :P

I like KISS.

https://i.imgur.com/Bjzn9Q1.jpg

The main trend is still down. The line is now at $350. The recent low is about $150. Bulls need to break that red trend line to change the trend. Meanwhile, bears are looking at $150: can it go lower?

Therefore: continuation between $150-350 until we break either line. Without facts to back it up, my feeling is that buy support is getting stronger and that a retest of $150 may hold. I do not expect breaking the red trend line before May-Sept 2015.

What do I think?

I think the above post is an example of some kind of convoluted self-deluding kiddology.

You have been buying Bitcoin all the way down, and are by now seriously underwater. And what you really fear is that we might never see as expensive coins as $250 BTC ever again. Admitting you have 'fears', acts in some way therapeutic for you, but by inverting the nature of those fears, you avoid having to face the stark glaring reality, that you have just made some horrendous investments.

HTH!

Lolwut?
Are you watching the charts?
We are still crashing, and it's accelerating as we speak, we will be below $200 within 12 hours probably, big volume of dumps happening and growing.
Very likely to hit $150 upcoming week.

Maybe you are right with the therapeutic thing. :)

Since the time of a big loss (Mt. Gox), I have had the goal to restore my original balance. For the last two month I saw this chance in cheaper coins. Now I am not sure anymore, if I will be able to accomplish my goal without trading on a regular basis or investing more - both risks I don't want to take.

BTW: I am far from underwater coins.

I am quite sure, all of the intelligent people in here (including you) know, that cards are reshuffled atm. I gladly will buy coins for $120! -> My post is all about the feeling, that this will (unfortunately) not happen.

oh it will happen alright.

don't you worry about that.

about what exactly?

Dirt cheap coins is a thing of the past. We will not see sub $100 ever again. The next peak will be well over $1000, the new cheap is $250 which is now. Anyone still on the sidelines needs to reconsider their expectations.

when is HAMMER TIME then is time to buy.

i think that pretty much sums up the bitcoin market. however, because i am in position to grow more if bitcoin goes up or down then is safe to say that bitcoin will trade range bound between 210 and 230 from here on out forever.

Are you nuts? 20 $/btc is meaning only 72k $ worth Bitcoins are mined per day. You really think Bitcoin is such weak? No way it's going under 150 $.

You will get plenty opportunity to get $120 coins.....if you actually still want them when the time comes.

when the bears are so loud it's probably time to buy

I bought at $160 grabbing the falling knive - why would I bother buying at $120? :)

Everything else being equal, I would probably agree with this analysis.

However, everything else is far from equal. The cryptocurrency ecosystem has advance massively since 2013. There have been significant developments in infrastructure, corporate interest, regulation, capital investment, propagation, cryptocurrency derivatives startups and new exchanges.

None of that development has been priced in (well it was back in December 2013 and then it got "priced back out again" during the course of last year).

At some point, all that development and promotion will arrest the price decline and I'd venture that it well be well before $20.

True that, but sometimes if you have 0 of an asset, its good to go all in and enter the game at what you consider the lowest with a big amount. For example, if BTC goes sub 100 and you have 0... its time to not fuck around and go all in.

In the last 3 weeks bitcoins have traded below $200 exactly zero days.

In the same time period they have traded above $280 on 2 days, and above $260 on 4 days.

In that time span they have dipped below $220 on 8 days and gone above  $230 on 16 separate days.

These are the facts.

Delusional beartards ignore these facts when they foolishly suggest that Bitcoin prices will head lower.

Best to ignore them.

Long term, the price of bitcoins has risen spectacularly. Short term it has made modest but substantial gains.

Only in the narrow range of the last year or so has it decreased in price.

Don't fall prey to the unscrupulous lowlifes that will try anything to coerce inexperienced coinholders into selling below fair value.

They are just opportunistic parasites looking to buy cheap.

The time to buy is just before and after the fork then hold or trade until it goes back which it will, dollar is at a peak imo so after a peak it goes to the.

Bitcoin long with Nubits and a few others if Bitcoin takes a little drop.

I feel bad for the newcomers around here as I'm sure they're trying to make educated guesses and assumptions on what they should do in terms of keeping their underwater coins or selling and saying the hell with it. It's hard to say the hell with it even if they do choose to sell because this is such an exciting market. There's just so much BS being bombarded by bearcraps in such large numbers around here that the newfolk are seeing it everywhere in a place they're looking for advice. Gotta have a strong stomach in this line of interest and look for the future to unfold, which won't be a steady coin at ~200 forever. There's so much bullish fun on the horizon and I hope as many people as possible can enjoy that epic ride.

Be patient. It just needs a bit longer to rain through that support on 200$ but it will happen later pretty sure.

well if we get 120 usd coins and difficulty then follows....i can fire up the knc 565gh jupiter again (whoo hooo)

if it put some of the large data farms in a pickle and thus eventual bankruptcy and then btc pulled its usual
rise from the dead bounce again price wise after that fact..might be worth it to get decentralization back

anyway in it for the long haul it bounces down to 20 bucks and/or 2k i'm stuck ...it either gets in orbit or it is
crash and burn time for btc thems the bets

I really got a feeling that if we should see a new flash crash into the $160s or slightly below, it may be the final chance to buy at that level. The market seems to be pretty resilient to go lower at this point already, yet people expect it to dip down once again. It's a nerve-wrecking time currently.

It seems the market didnt move even with these really bad news about millions lost in that chinese exchange. People dont want to sell their bitcoins this cheap.

One or two whales are enough to crash it. Surprisingly simple to comphrehend, yet many people here still don't get that. When two entities with a combined total of 30.000+ Bitcoins (or one in that matter) decide to sell bigtime and buy back lower, the price will go down.  There is still way too much money to be made in this market by shorters, and there are still enough people willing to put the rest of their life savings into this game. Rest assured that we will go down again.

Is that news actually real? I've read all kinds of things about that incident now and don't know what to believe? I really don't think such a big exchange actually existed there. It's also not one of "the big" Chinese exchanges... Strange day!

Can't have enough people wiling to put their live savings into the game and have that number keep growing AND have the price continue to be manipulated to the downside.  At some point, market forces will turn it around.  That much you can rest assured on.  The only question is when

This would be a welcome side effect.  I think we'd need to take a sharp sub-100 dive at current difficulty for an extended period of 2-3 months to wipe out most of the big boys, though.  Unfortunately the smart ones have probably been hedging to shut everything down completely for a while should this happen.

Good.
We don't want people getting in at 100 USD & offloading at 400 USD.
We want people to HODL & reach for the stars.
Cheap coins are bad.