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ibrahim11 (OP)
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December 17, 2013, 09:25:11 PM |
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Hi, I am wondering if I should buy at $725 usd or wait for it to drop even lower. Will it drop even lower? thanks
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SuperHakka
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December 17, 2013, 09:27:07 PM |
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how the fudge can anybody in all honesty know?
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'First they ignore you. Then they laugh at you. Then they attack you. Then you win.' - Mohandas Gandhi
"Whenever I'm about to do something, I think, 'Would an idiot do this?' and if he would, I do not do that thing." - Dwight Schrute
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Wilhelm
Legendary
 Offline
Activity: 1652
Merit: 1265
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December 17, 2013, 09:30:55 PM |
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I'm wondering the same thing.... but nobody knows ....
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Bitcoin is like a box of chocolates. You never know what you're gonna get !!
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traderCJ
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December 17, 2013, 09:40:52 PM |
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You need to ask yourself one thing at this stage .. do you anticipate good or bad Bitcoin news in the next few weeks? News is all that will fuel BTC for the next few weeks. I would delay all bids until the New Year. One thing I've noticed is that the news out of China just gets progressively worse .. and worse .. and worse. Just when we think we've figured out what will be legal and illegal, the situation gets turned on its head. Their involvement in Bitcoin has been both a blessing and curse.
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Oldminer
Legendary
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Activity: 1022
Merit: 1001
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December 17, 2013, 09:48:28 PM |
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Hi, I am wondering if I should buy at $725 usd or wait for it to drop even lower. Will it drop even lower? thanks
I wouldnt buy just yet. The market is still going through a correction. IMO long term BTC will go above its previous highs but its a question of when. The double bottom is still forming but it could drop lower before it bounces back up. |
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freakying99
Sr. Member
Offline
Activity: 429
Merit: 250
Pythagoras and Plato are my brothers.
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December 17, 2013, 10:07:31 PM |
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Hi, I am wondering if I should buy at $725 usd or wait for it to drop even lower. Will it drop even lower? thanks
I wouldnt buy just yet. The market is still going through a correction. IMO long term BTC will go above its previous highs but its a question of when. The double bottom is still forming but it could drop lower before it bounces back up. Waiting for double bottom seems easy way to make serious bucks...  All I believe is long term BTC is higher than 1K |
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lethe
Newbie
Offline
Activity: 51
Merit: 0
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December 17, 2013, 10:10:32 PM |
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Wait for the next bull trap, then buy.
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ajax3592
Full Member
Offline
Activity: 210
Merit: 100
Crypto News & Tutorials - Coinramble.com
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December 17, 2013, 10:17:28 PM |
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The trend seems downwards and it's always risky buying in midst of a crash. Put an auto-buy order on around ~$650
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randrace
Sr. Member
Offline
Activity: 329
Merit: 250
LTC -> BTC -> Silver!
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December 17, 2013, 10:19:06 PM |
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If it were my money, I would wait. My bias is I bought my first BTC at $40, and I can't wrap my head around recent prices.
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Salivan
Full Member
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Activity: 195
Merit: 102
DiMS dev team
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December 17, 2013, 10:20:23 PM |
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maybe try to buy some now and wait for better opportunity to enter with all what remain
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ajax3592
Full Member
Offline
Activity: 210
Merit: 100
Crypto News & Tutorials - Coinramble.com
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December 17, 2013, 10:33:27 PM |
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how the fudge can anybody in all honesty know?
Once can atleast try to connect the dots between the news and the market adoption at a given point of time. And lol if those biggies manipulate for real, then it's all useless to "calculate" where it's going to go. |
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BryanK
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December 17, 2013, 10:48:58 PM |
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Very solid here at 680-700. I don't expect it to go below 660. I think it'll float around this price for some time until the holiday passes. Then Up up and away. Back to 1k.. Just My opinion.
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Lloydie
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December 17, 2013, 10:53:34 PM |
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China seems to be cutting off btcs from its financial system for now. People will sell for awhile and maybe the selling pressure will go on for a few more days.
However, I don't expect the drop to be too great as most people appear to have used cash instead of credit to purchase btcs.
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DPoS
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December 17, 2013, 10:55:17 PM |
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Very solid here at 680-700. I don't expect it to go below 660. I think it'll float around this price for some time until the holiday passes. Then Up up and away. Back to 1k.. Just My opinion.
was a battle there for a bit (on btce, the lower one) but still weak hands out there. might have to fall into the low 500's and a quick smash into high 400's to really clear the air but now with wall street all bets are amplified... they could see current price as a quick double by pushing to that BoA $1300 price and dont want to miss that flip |
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bitleif
Sr. Member
Offline
Activity: 351
Merit: 250
I'm always grumpy in the morning.
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December 17, 2013, 11:14:30 PM |
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Buy on the way down. We are on the way down, so buy a little. Don't spend everything, do dollar cost averaging.
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fiddelingones
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December 17, 2013, 11:37:35 PM |
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but now with wall street all bets are amplified... they could see current price as a quick double by pushing to that BoA $1300 price and dont want to miss that flip
This, the Chinese selloffs make it great opportunity to enter |
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Lloydie
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December 18, 2013, 03:20:32 AM |
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Picking a bottom is dirty business.  |
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GeniuSxBoY
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December 18, 2013, 03:24:33 AM |
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I talked to the people that control Bitcoin. They told me where the bottom was and when it was going to be. Good luck finding it! I would have never guessed it if they didn't tell me.
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Be humble!
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byronbb
Legendary
Offline
Activity: 1414
Merit: 1000
HODL OR DIE
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December 18, 2013, 03:39:02 AM |
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Place a bid at 580 which is just above the most recent low. We will probably bounce off that if we go that far south.
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