Expectations built into the price

[Warren Buffett]

I noticed that the price was going down today, so I googled 'bitcoin speculation' to go on this forum to read people's opinions. Then I saw this and actually loled irl:


http://i60.tinypic.com/4zxpmx.png


This is the kind of deranged hopes and dreams that are built into the current price. It makes me think that the worst of this bear market is yet to come.


TL;DR: Sell your bag ASAP.

[Fabrizio89]

Ahahah, well to be fair trading btc it's the opportunity of a lifetime. Hope this volatility lasts long enough.

[Amph]

nothing to worry about, at worst case it will fall at 160-180, value that has already been seen, and i didn't "panic selling" there, why i should now?

[merve10495]

nothing to worry about, at worst case it will fall at 160-180, value that has already been seen, and i didn't "panic selling" there, why i should now?

If anything these low prices will bring new investors and casual bitcoin members into the competition as the prices are a little cheaper to purchase BTC with fiat.
Which will increase adoption.
I know personally I've got 4 friends that are very keen to jump into Bitcoin when the price is right and it's just about there for them.

[manselr]

I noticed that the price was going down today, so I googled 'bitcoin speculation' to go on this forum to read people's opinions. Then I saw this and actually loled irl:





This is the kind of deranged hopes and dreams that are built into the current price. It makes me think that the worst of this bear market is yet to come.


TL;DR: Sell your bag ASAP.

Another no-coiner that is either a Warren Buffet nuthugger (possibly given your name) or the same FUDer creating new accounts to try to make the price go lower to get in as low as possible.

[ashour]

The price will still fall in the following days but it's not something really important. Just wait until the  block halving  in 2016 hits, either the price will skyrocket or the mining hash rate will be cut in half. Bitcoin crashed many times in the future but it did skyrocket many times as well. The bitcoin price is really interesting for speculation since it go up and down many times in the past and will probably do the same.

[spazzdla]

Your prediction will not come true and no.  It's my bag come and take it :O!