Down to $300 again?

[lemipawa]

I woke up and looked at the exchange of BTC-USD it's $373 which is bad for me since I bought some coins yesterday at $398 rate
I prepared to go to my office a have a 1 hour drive and as soon as I reach my office and pull up my laptop it's down to $355 

"Volatile" is the real definition of Bitcoin (liable to change rapidly and unpredictably, especially for the worse)

... guess what, as soon as I finished typing this its back to $369 WTH 

[1714686799]

1714686799

[intristin]

I bought at $415, so much for my luck. But I'm not selling until it goes above that price, I don't care if it takes 20 years! It could drop to 50 cents and I wouldn't sell, I'm a stubborn little shit. 

[lemipawa]

I bought at $415, so much for my luck. But I'm not selling until it goes above that price, I don't care if it takes 20 years! It could drop to 50 cents and I wouldn't sell, I'm a stubborn little shit. 

I'm with you bro, I know that It will go down for sure but not like this, not this early and not this big, now i'm hoping for at least a break even and I'll let it go, forget about profits

[jacktheking]

Haha. This is why never to buy Bitcoin when the prices have too much differences - unless you are a experienced trader. I would wait until 300 - 325 range before I buy Bitcoin - if I need to. No worries, you just have to hold on to those Bitcoin for a few more months and you can sell for profit. I dont think Bitcoin will stay at 300 to 400 in the coming year.

[lemipawa]

Haha. This is why never to buy Bitcoin when the prices have too much differences - unless you are a experienced trader. I would wait until 300 - 325 range before I buy Bitcoin - if I need to. No worries, you just have to hold on to those Bitcoin for a few more months and you can sell for profit. I dont think Bitcoin will stay at 300 to 400 in the coming year.

It's hard to speculate, who would have thought of that bubble will last only a few hours? It's like someone ask the one with powers to "hey can you jack up the price of Bitcoins so I can sell at $480 after that bring it back to reality". I'm beginning to think of a conspiracy here.

[gentlemand]

It's hard to speculate, who would have thought of that bubble will last only a few hours? It's like someone ask the one with powers to "hey can you jack up the price of Bitcoins so I can sell at $480 after that bring it back to reality". I'm beginning to think of a conspiracy here.

There's no need for a conspiracy. Just greed and easy pickings from the dim market minnows. I'm sure the pro traders still wake up and pinch themselves that they've settled on such an easily played market.

[Soros Shorts]

I bought at $415, so much for my luck. But I'm not selling until it goes above that price, I don't care if it takes 20 years! It could drop to 50 cents and I wouldn't sell, I'm a stubborn little shit. 

You need to make exit decisions prior to opening a position ... not after. You need to already know under what conditions you will sell for a loss and under what conditions you will sell for a gain. And then you should to stick to your plan.

[intristin]

I bought at $415, so much for my luck. But I'm not selling until it goes above that price, I don't care if it takes 20 years! It could drop to 50 cents and I wouldn't sell, I'm a stubborn little shit.  

You need to make exit decisions prior to opening a position ... not after. You need to already know under what conditions you will sell for a loss and under what conditions you will sell for a gain. And then you should to stick to your plan.

I knew I was not going to sell when I purchased. I'm using Bitcoin as a savings account because I'm so impulsive with spending money, Bitcoin is still kind of hard to spend and takes days to cash in. The reason I purchased when I did is because I was afraid the price would just keep going up. I'm pretty confident the price will go up at some point so I'm not too worried. I just kind of laughed when it decided to crash 10 mins after I purchased when it's been rising fast for a month, lol. It's just my bad luck, been cursed with it since birth   I'm kind of glad it's dropping, it will allow me to buy more when I get my next check.

[lemipawa]

I bought at $415, so much for my luck. But I'm not selling until it goes above that price, I don't care if it takes 20 years! It could drop to 50 cents and I wouldn't sell, I'm a stubborn little shit. 

You need to make exit decisions prior to opening a position ... not after. You need to already know under what conditions you will sell for a loss and under what conditions you will sell for a gain. And then you should to stick to your plan.

I knew I was not going to sell when I purchased. I'm using Bitcoin as a savings account because I'm so impulsive with spending money, Bitcoin is still kind of hard to spend and takes days to cash in. The reason I purchased when I did is becuase I was afraid the price would just keep going up. I'm pretty confident the price will go up at some point so I'm not too worried. I just kind of laughed when it decided to crash 10 mins after I purchased when it's been rising fast for a month, lol. It's just my bad luck, been cursed with it since birth 

looks like we are not born to be traders but just a mare spectator.
everyday I learn a lesson here and this is one of those that cost me much, at least I was not scammed by a ponzi 

[hoian0809]

I bought at $415, so much for my luck. But I'm not selling until it goes above that price, I don't care if it takes 20 years! It could drop to 50 cents and I wouldn't sell, I'm a stubborn little shit. 

You need to make exit decisions prior to opening a position ... not after. You need to already know under what conditions you will sell for a loss and under what conditions you will sell for a gain. And then you should to stick to your plan.

I knew I was not going to sell when I purchased. I'm using Bitcoin as a savings account because I'm so impulsive with spending money, Bitcoin is still kind of hard to spend and takes days to cash in. The reason I purchased when I did is becuase I was afraid the price would just keep going up. I'm pretty confident the price will go up at some point so I'm not too worried. I just kind of laughed when it decided to crash 10 mins after I purchased when it's been rising fast for a month, lol. It's just my bad luck, been cursed with it since birth 

looks like we are not born to be traders but just a mare spectator.
everyday I learn a lesson here and this is one of those that cost me much, at least I was not scammed by a ponzi 

It could be one person with some resources driving the market. With all these bots going I expect someone could drive the market like this fairly easily with well-placed trades.

[toptek]

I see but it is the week end . it may go back up to 400 next week and stay there, it's about were i want it to stay may be a little higher around 450 to 500 would be nicer, but im ok with it now, and  hope it doesn't  go back to 220 .I mine all my coins and save them or try to till the power bill comes due, it has to be paid.

[lemipawa]

I see but it is the week end . it may go back up to 400 next week and stay there, it's about were i want it to stay may be a little higher around 450 to 500 would be nicer, but im ok with it now, and  hope it doesn't  go back to 220 .

I agree with you, usually on a weekend the price weakens and pick up again on start of weekday, I do hope it really picks up on Monday again and start climbing that charts to $400 or higher since it's the second week of November. I read somewhere that something will happen on the 2nd week of November, not sure if it's bad or good.

[richardsNY]

I hope not. It would be sad if we come back to sub $300 levels after reaching new highs this year. All the efforts would be gone to waste. At least it gives us the option to buy back in the coins that people sold over $400.

[shamati]

Think about it? No. Below $300 not go in 

[freedomno1]

I woke up and looked at the exchange of BTC-USD it's $373 which is bad for me since I bought some coins yesterday at $398 rate
I prepared to go to my office a have a 1 hour drive and as soon as I reach my office and pull up my laptop it's down to $355  

"Volatile" is the real definition of Bitcoin (liable to change rapidly and unpredictably, especially for the worse)

... guess what, as soon as I finished typing this its back to $369 WTH  

The price is what it is, that said it will likely consolidate a day or two but your likely fine unless you feel like selling and betting on a lower buyin
At least it doesn't feel like the rally is going to stop it's just treading back.
(Looking at 420 there is just to much temptation around that range)

[zimmah]

I woke up and looked at the exchange of BTC-USD it's $373 which is bad for me since I bought some coins yesterday at $398 rate
I prepared to go to my office a have a 1 hour drive and as soon as I reach my office and pull up my laptop it's down to $355 

"Volatile" is the real definition of Bitcoin (liable to change rapidly and unpredictably, especially for the worse)

... guess what, as soon as I finished typing this its back to $369 WTH 

just wait a few days, or weeks, or months

it will get better.

[mixan]

Yes this is true. I would expect it to reach $300 after the weekend is over, just like last weekend when it reached $440 and went up from there.
Just checked and from an hour ago it was $372 now at 360 It's not looking to good for a comeback right now.

[amacar2]

I have around .10 BTC right now which is very small compared to others but i was holding it even the price hit 500$+ expecting it to go bigger. But now i think i have to sell all of my coin at current price so that i can double the bitcoin i have after the price reach again to 230+ like before. I think now the one who have created this bubble have already started to sell their stakes.

[davinchi]

I have around .10 BTC right now which is very small compared to others but i was holding it even the price hit 500$+ expecting it to go bigger. But now i think i have to sell all of my coin at current price so that i can double the bitcoin i have after the price reach again to 230+ like before. I think now the one who have created this bubble have already started to sell their stakes.

Yes it seems like so. Once they had pumped the price of bitcoin, started to send off on the bitcoins bought for lower prices. So, it seems to like we are going back to $300 levels again. Only slow and steady raises will get us stable price.