I dumped. Are you?

[ruski]

Best case - buy back when the dump is over, price rebounds Monday.

Okay case - price continues to fall, I'll take my losses and avoid being a bagholder for six months.

Worst case - I just sold into the daily low and it's about to rebound right now.

[malevolent]

Keeping, I think the price will increase in the next 2-3 days.

[waspoza]

Best case - buy back when the dump is over, price rebounds Monday.

Okay case - price continues to fall, I'll take my losses and avoid being a bagholder for six months.

Worst case - I just sold into the daily low and it's about to rebound right now.

Im not gonna sell. If it fall more im gonna buy.

Remember, sell when others are buying, buy when others are selling.

[ElectricMucus]

People still underestimate this selloff. We crossed below several trendfollowing exit thresholds so even if we rebound we are still going down....
At least till december imo.

[ruski]

Remember, sell when others are buying, buy when others are selling.

Not in such an illiquid market that a single player selling can wipe out the entire thing.

[Comodore]

People still underestimate this selloff. We crossed below several trendfollowing exit thresholds so even if we rebound we are still going down....
At least till december imo.

I feel it is going to stop very early. We would go up tomorrow and so on

[Technomage]

People still underestimate this selloff. We crossed below several trendfollowing exit thresholds so even if we rebound we are still going down.... At least till december imo.

I very much doubt that. Going totally all-in is actually an option right now, I've never seen such a buying opportunity with Bitcoin.

The basis for this is that regardless of the bubble & crash Bitcoin fundamentals are stronger than ever. Block reward halving is also getting closer and closer which will most definitely cause upward pressure.

Currently a good strategy is to buy and buy more the lower it goes.

[anu]

People still underestimate this selloff. We crossed below several trendfollowing exit thresholds so even if we rebound we are still going down....
At least till december imo.

If we go down that speed till December, we're at -400

[waspoza]

People still underestimate this selloff. We crossed below several trendfollowing exit thresholds so even if we rebound we are still going down.... At least till december imo.

I very much doubt that. Going totally all-in is actually an option right now, I've never seen such a buying opportunity with Bitcoin.

Yea it might be last chance to get coins at single digit.

[ruski]

People still underestimate this selloff. We crossed below several trendfollowing exit thresholds so even if we rebound we are still going down.... At least till december imo.

I very much doubt that. Going totally all-in is actually an option right now, I've never seen such a buying opportunity with Bitcoin.

The basis for this is that regardless of the bubble & crash Bitcoin fundamentals are stronger than ever. Block reward halving is also getting closer and closer which will most definitely cause upward pressure.

Currently a good strategy is to buy and buy more the lower it goes.

That's all good and well, but what about the guy that's got 500000 BTC burning a hole in his pocket?

[ElectricMucus]

People still underestimate this selloff. We crossed below several trendfollowing exit thresholds so even if we rebound we are still going down....
At least till december imo.

If we go down that speed till December, we're at -400

lol obviously not at this rate. Idk what the bottom will be something lower singe digit i guess. The longterm linear uptrend probably will stay untouched.

[Spekulatius]

People still underestimate this selloff. We crossed below several trendfollowing exit thresholds so even if we rebound we are still going down....
At least till december imo.

I actually wondered about the same thing. From a technical analysis point of view we should keep going down till 5$ from here on. But since this fall is to large parts attributable to some freak outside event (Pirate) and only partly to a correction of the bubble, I have good hopes that we will return quickly to where we left off.

[ruski]

You've gotta be kidding me. Now it rebounds.

[VelvetLeaf]

Best case - buy back when the dump is over, price rebounds Monday.

Okay case - price continues to fall, I'll take my losses and avoid being a bagholder for six months.

Worst case - I just sold into the daily low and it's about to rebound right now.

You're doing the correct decision.
It's hard, but you know when to cut loses, I appreciate it.
At Monday, people will sell 10-25% of their coins after they get it back from pirate just in case bitcoin will keep going down to $5, this is not over yet.

[ruski]

Best case - buy back when the dump is over, price rebounds Monday.

Okay case - price continues to fall, I'll take my losses and avoid being a bagholder for six months.

Worst case - I just sold into the daily low and it's about to rebound right now.

You're doing the correct decision.
It's hard, but you know when to cut loses, I appreciate it.
At Monday, people will sell 10-25% of their coins after they get it back from pirate just in case bitcoin will keep going down to $5, this is not over yet.

All this for three hours sleep on Friday night. I have no doubt I would've sold into the peak had I seen it. Time will tell...

[anu]

People still underestimate this selloff. We crossed below several trendfollowing exit thresholds so even if we rebound we are still going down....
At least till december imo.

If we go down that speed till December, we're at -400

lol obviously not at this rate. Idk what the bottom will be something lower singe digit i guess. The longterm linear uptrend probably will stay untouched.

I disagree. This is You-Know-Who selling off and running for it. Plus some stupid panic sellers like me. Thanks to all the even more stupid panic sellers I could buy them all back at a handsome profit. I think all the other early panic sellers think the same - and now have a lot of $$$ on the Exchange. Obviously, the last panic sellers get the lantern. Just like in a good old Ponzi.

[VelvetLeaf]

You've gotta be kidding me. Now it rebounds.

$0.5 - $0.6 correction before the price is drop even further looks normal to me.
You can't see the previous bubble chart, but that's what the chart is doing all the time (until now).
Price drop, dead cat's bounce for $0.5-$0.6, drop again...

http://btccharts.com/#m=mtgox-BTC-USD

[Mageant]

What's the problem here? People were dreaming of buying cheap bitcoins not so long ago. So now's your chance.

[ruski]

$0.5 - $0.6 correction before the price is drop even further looks normal to me.
You can't see the previous bubble chart, but that's what the chart is doing all the time.
Price drop, dead cat's bounce for $0.5-$0.6, drop again...

Yeah, now that I've sold I can quite happily admit I was firmly in denial. My brain is telling me you're right. My heart .... wants a beer and some McDonalds. I'm gonna go with my heart. C'yall in half an hour.

[DublinBrian]

I dumped. Are you?

What price did you get?