Bitcoin hasn't formed a classic (trading pattern) exponential crash pattern quite yet, but it's forming.

Keep in mind that moves "down" are always much more violent then moves up, as they are fear driven.

So it's very possible to lose half your account value (in dollars) overnight. Which is significant no matter how you look at it.

As for people looking to buy now, unless you need to spend them, or are intending to trade them to make money, I would be very very cautious.

Also keep in mind that price crashes do *not* represent the overall real-value of bitcoin, since the only participants are those showing bid-asks in the market. In other words, if 5% of bitcoin holders are trading the market and price it down lower, it doesn't represent the overall sentiment of bitcoin holders.

That's a really big predictive question to ask.

It's going to depend on how much of the current in-production ASIC hardware is flushed into the market. Once the bulk flushes into the blockchain, there is a chance for the difficulty increases to ease-up a bit, but until then the odds are very, very much against you.

I was asked to write a white paper for a client on investing in hardware, and all we could see was rapidly declining ROI. I think unless your cost is low enough you can do a 2 month ROI, your odds of pretty slim of even making your money back.

Good luck!

We are Quantitative Algorithmic Trading and Blackbox developers, and have just completed porting some of our algorithms to the bitcoin market.

It's exciting to see an emerging market, especially with bitcoins high volatility. (Traders love volatility, investors hate it.)

So we would like to introduce it here in bitcointalk.

We are very open to ideas and improvements. We don't have a lot of experience dealing with the retail market.

Would also like to post some charts and analysis from some of our other analytic systems.

Website: BitcoinCrystalBallTrader.com

Parent Company: QDM7.com

CJ

I've never bought through them yet, but do they promise a price when you send the funds, or do the funds end up in your account (MtGOx style), then you use those funds to make market or limit order purchases?

Then I don't understand why they would have a high-risk cancellation at all?

~BCBT~