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Author Topic: Thats it! I'm out! :@  (Read 2526 times)
newIndia
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October 07, 2014, 02:10:36 PM
 #21

Of fiat trying to buy all these cheap coins  Wink.

Let's be honest, prices are at a record low, a perfect time to double up on old coins converted to fiat, or to simply invest some fiat into bitcoins. Wise traders invest when others don't. And sell when others buy. If all you're going to do is follow everyone else you'll end up like everyone else.

People should see this as an opportunity to invest further, or the invest something.


Buy low, sell high.

Happy Bitcoin'in

The problem is that we dont know what is the low. Some thought 600 is low, some 500 and some 400. They all kept buying buying and buying. Now it is standing around 300. The Q is what is the lowest ?

My expectation is that we "MIGHT" drop down to pre-willy levels, at the absolute worse.... A more realistic bottom would be 200-220$. The community has grown immensely in the last year and honestly, we're stronger than ever.

With the strong movements that we're experiencing currently it's very easy to day-trade (although with bitcoins it's really more like minute-trading), to make a quick few %'s on hard drops or strong raises.

I say get out there and have fun, this might be the lowest that we could get for a while, and even if it drops further the potential for the future is very very huge, as long as you can be patient if the price DOES drop and aren't looking to make a quick $, go invest Smiley.

Is there any logical/statistical ground to believe these figures ?

piramida
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October 07, 2014, 02:46:01 PM
 #22

Of fiat trying to buy all these cheap coins  Wink.

Let's be honest, prices are at a record low, a perfect time to double up on old coins converted to fiat, or to simply invest some fiat into bitcoins. Wise traders invest when others don't. And sell when others buy. If all you're going to do is follow everyone else you'll end up like everyone else.

People should see this as an opportunity to invest further, or the invest something.


Buy low, sell high.

Happy Bitcoin'in

The problem is that we dont know what is the low. Some thought 600 is low, some 500 and some 400. They all kept buying buying and buying. Now it is standing around 300. The Q is what is the lowest ?

My expectation is that we "MIGHT" drop down to pre-willy levels, at the absolute worse.... A more realistic bottom would be 200-220$. The community has grown immensely in the last year and honestly, we're stronger than ever.

With the strong movements that we're experiencing currently it's very easy to day-trade (although with bitcoins it's really more like minute-trading), to make a quick few %'s on hard drops or strong raises.

I say get out there and have fun, this might be the lowest that we could get for a while, and even if it drops further the potential for the future is very very huge, as long as you can be patient if the price DOES drop and aren't looking to make a quick $, go invest Smiley.

Is there any logical/statistical ground to believe these figures ?

Long term exponential support line which was confirmed many times starting from 2010 now crosses $200 as we speak. So that would be a very strong support. It would raise to 300 by January, 2015. Of course, it would become a support only *if* (and thats a huge if) the current support at 270 gets broken.

i am satoshi
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