Time to go back up guys!!

[chesthing]

I can happily say I got in at 556 via coinbase...

Hope others were able to pick up some more coins at these prices =D

BWAHAHAHAHAHAHAHAHA

MUG.

Seriously. By this time 2moro they are going to be expensive coins, we have hit $540, where I expected there to be at least 'a reaction' but it looks like Bitstamp is going to grind right down through this range. Next support level beyond that is $380.

How do you arrive at $380 as the next support level? curious.

[MatTheCat]

How do you arrive at $380 as the next support level? curious.

Look right along the chart and look for the next pivotal price point, where Bitcoin has crashed hard down to, before responding voraciously upwards on large volume.

The hour of trading where Bitcoin hit $382 in Dec 17th on Bitstamp is the all time record volume for 1hr trading on Bitstamp.

Probably, Bitcoin will bounce back before this range is reached, but we will be in no-mans land from a TA point of view with a still very weak bearish market with a shit storm of FUD surrounding it.

[hailtopitt]

I just want to say congrats on a piss poor investment!  Bitcoin is trending down if you haven't noticed.  China took us to heights we will never see again.  Your $550 coins will be worth $450 in a week.  $350 in 2.  $250 in 3.  $150 in 4.  And less than $100 in just 5 weeks.  That's right.  You heard it here first. 

[MatTheCat]

I just want to say congrats on a piss poor investment!  Bitcoin is trending down if you haven't noticed.  China took us to heights we will never see again.  Your $550 coins will be worth $450 in a week.  $350 in 2.  $250 in 3.  $150 in 4.  And less than $100 in just 5 weeks.  That's right.  You heard it here first. 

You aint quite 'first' around here with those sorts of calls mate.

[theonewhowaskazu]

I don't know I put in a small buy order at $500 + cents and another at $500 + cents. I personally want another 10% discount before I take a big risk.

[pungopete468]

I just want to say congrats on a piss poor investment!  Bitcoin is trending down if you haven't noticed.  China took us to heights we will never see again.  Your $550 coins will be worth $450 in a week.  $350 in 2.  $250 in 3.  $150 in 4.  And less than $100 in just 5 weeks.  That's right.  You heard it here first. 

Luckily you can always buy more to reduce your average cost/coin...

Nobody intelligent here really thinks Bitcoin is dying... Until people lose faith in the long term outlook of Bitcoin it's going to grow.

I just bought more at $545 and if it goes to $100 I'll buy 10 more...

Have fun buying back in once the New York exchange is up and running on Wall Street; with the support from the US government driving it further.

I'm leveraging my investment down as much as I can right now by buying at every opportunity.

[JimboToronto]

I just want to say congrats on a piss poor investment!  Bitcoin is trending down if you haven't noticed.  China took us to heights we will never see again.  Your $550 coins will be worth $450 in a week.  $350 in 2.  $250 in 3.  $150 in 4.  And less than $100 in just 5 weeks.  That's right.  You heard it here first. 

Luckily you can always buy more to reduce your average cost/coin...

Nobody intelligent here really thinks Bitcoin is dying... Until people lose faith in the long term outlook of Bitcoin it's going to grow.

I just bought more at $545 and if it goes to $100 I'll buy 10 more...

Have fun buying back in once the New York exchange is up and running on Wall Street; with the support from the US government driving it further.

I'm leveraging my investment down as much as I can right now by buying at every opportunity.

That's the joy of hoarding. If it goes up, your coins are potentially worth more. If it goes down, you can get more coins. No stress, no worry.

[chesthing]

Except for that part about loss of fiat value.

[pungopete468]

Except for that part about loss of fiat value.

You haven't lost anything until you decide to sell at a loss...
The only thing that would make it worth selling at a loss would be an incoming and immediate dead-end...

Bitcoin is more alive today than ever in it's life. Tons of new innovation is right around the corner. It's been recognized for usefulness outside that of "just a currency alone" by legislators, economists, and journalists.

To sell now is foolish. I don't think we've even begun to see where this can take us.

There are individuals who by themselves own enough Bitcoin to crash every single exchange simultaneously. The conversion rate of Bitcoin to various fiat currencies across a hand full of highly manipulated exchanges is actually about the least important factor of Bitcoin...

For those who sell at a loss; it's their own choice. I believe Bitcoin is going to revolutionize several sectors of world finance. When the price goes down, I buy and hold... When the price goes up; I buy and hold...

It's coming people... Just a few more years to go...