BTC, LTC or wait?

[MatTheCat]

Bitcoin is going much lower

And of course you would know it for sure because you are god or some other superficial being that knows how all random events turn out to be, and everybody else is an idiot for ignoring you?

I would not deny that bitcoin prices *could* go lower, but stating that they *would* is actually idiocy. For many reasons.

ah, Piramida old bean!

I remember you.

You called me a fool for selling at $1000 in a post where I also stated that I was buying back in between $600 - $700. Fortunately I chose not to listen to you and not to listen to 80% of the other nutters on this forum and listened instead to myself...and i done rather well.....all the BTC I bought at the lower prices have now been sold and I am waiting now for much lower prices before coming back in. This is just what I am doing and I have no guarantees that it will happen, but the charts are increasingly confirming my outlook by the day, yet everytime I login here I am readying endless cock n bull 'analysis' about how BTC is away to explode on the upside and then 'explanations' why this hasn't happened already.

Go and take a look at the chart I posted above here, check out the RSI graph on the bottom, and get back to me with why you think now is a good time to invest and hold BTC?

[piramida]

Go and take a look at the chart I posted above here, check out the RSI graph on the bottom, and get back to me with why you think now is a good time to invest and hold BTC?

It's never a bad time to invest into and hold BTC. Now is even better than always, since the price is about 30% below it's peak. It may go down another 20%, or it may not, does not matter - if you don't have any position in BTC the best time to start buying is right now. No excuses. And don't bring that lucky speculation of yours into the light or I will surprise you with an order of magnitude luckier trades I don't even slightly care about your tiny gamble here. You just don't try and predict where bitcoin goes short-term, it is stupid guessing. And you have absolutely no idea, too. You can make money on the swings as most of us here do, but if you don't understand that longterm bitcoin goes only one way - up - then I am certain that you are going to be left off the train soon.

So yes, now is a good time to invest into and hold BTC. I've seen enough bears with charts who disappear once their "100% sure" direction never plays out. Given a 50% chance of your gamble being successful, you wont last much longer than 2 guesses. Three if you are super lucky

[superresistant]

You called me a fool for selling at $1000 in a post where I also stated that I was buying back in between $600 - $700. Fortunately I chose not to listen to you and not to listen to 80% of the other nutters on this forum and I am better than everyone else blablabla...
Go and take a look at the chart I posted above here, check out the RSI graph on the bottom, and get back to me with why you think now is a good time to invest and hold BTC?

Dude, you where lucky that's it. No need to show off.

I was right when the price of Litecoin was going from 0.009 to 0.06 in few days recently but I don't consider myself a divine creature.

[MatTheCat]

It's never a bad time to invest into and hold BTC. Now is even better than always, since the price is about 30% below it's peak. It may go down another 20%, or it may not, does not matter - if you don't have any position in BTC the best time to start buying is right now. No excuses. And don't bring that lucky speculation of yours into the light or I will surprise you with an order of magnitude luckier trades I don't even slightly care about your tiny gamble here. You just don't try and predict where bitcoin goes short-term, it is stupid guessing. And you have absolutely no idea, too. You can make money on the swings as most of us here do, but if you don't understand that longterm bitcoin goes only one way - up - then I am certain that you are going to be left off the train soon.

So yes, now is a good time to invest into and hold BTC. I've seen enough bears with charts who disappear once their "100% sure" direction never plays out. Given a 50% chance of your gamble being successful, you wont last much longer than 2 guesses. Three if you are super lucky

Call it luck if you want.

I am a johnny Come Lately to BTC speculation, I followed the advice of the nutters on this forum and bought high cos BTC was only ever going to go up, I got a very bad feeling in my guts about BTC, so I sold coins at a loss (not really as I been turning plenty profit on ride up before then), with a plan to buy back in lower. I posted my intentions on here, I can't expect anyone to take my 'feelings' as gospel, but it seems I can expect any mention of potential downside to be pilloried and ridiculed......and you were amongst those who did so.

Right now, and actually all the past week since I sold at about $880 (yeah, it did go up to $920 afterwards), both my gut and my reasoning is telling me to wait. I am seeing yet further slippage in price, totally consistent with the trend for the past few days, and indeed consistent with the charts clearly showing that we could very well be at the start of an extended bear trend, yet i am still reading the same old bollox on this forum from the majority of posters, offering 'reasons' for the 'unexpected' fall in price and advising anyone silly enough to listen to them to BUY BUY BUY!

Nope, I aint re-entering this market just yet thankyou very much.

[piramida]

Nope, I aint re-entering this market just yet thankyou very much.

Ok, see you when you buy at 1300

[MatTheCat]

Nope, I aint re-entering this market just yet thankyou very much.

Ok, see you when you buy at 1300

No you won't....

If this market takes out $950ish before my highest buy in targets are met, I am back in.

But i clearly don't think this will happen.

[superresistant]

Apart from BTC and LTC, you can invest in very innovative cryptocurrency like Next or eMunie.

[FiatKiller]

Next year both will do well, after the likely drop, but LTC will explode next year because low power scrypt mining equipment will hit for the first time mid-year. It's mostly not that you will save on electricity, it's that you can have MORE of them in your house that really matters.  ;-)