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Author Topic: So when will the drop in price stop?  (Read 5620 times)
Bit_Happy
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June 11, 2011, 11:40:30 PM
 #21

mintaka speaks the truth...

And that truth happens to be part of a "Ponzi mentality". IMO, the need to depend on new cash and Monday morning rallies is now over. There is tons of 'nervous' money sitting in MtGoxUSD right this minute. Buy low, buy now!


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June 12, 2011, 01:27:50 AM
 #22

The bubble bursting is compounded with the reduction of trade on the weekends IMHO.

I'll keep my politics out of your economics if you keep your economics out of my politics.

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Bit_Happy
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June 12, 2011, 01:35:14 AM
 #23

The bubble bursting is compounded with the reduction of trade on the weekends IMHO.

What bubble?   Cheesy
The real bubble begins at $43,000/BTC!!!
and keeps going until each BTC is worth over $4 Million dollars.*

*You can laugh at this now, but only 3 days ago many people would have found these ideas sane and possible.
Build websites and businesses that accept BTC.

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imperi
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June 12, 2011, 03:38:31 AM
 #24

The bubble bursting is compounded with the reduction of trade on the weekends IMHO.

What bubble?   Cheesy
The real bubble begins at $43,000/BTC!!!
and keeps going until each BTC is worth over $4 Million dollars.*

*You can laugh at this now, but only 3 days ago many people would have found these ideas sane and possible.
Build websites and businesses that accept BTC.

They might be possible on Monday and Tuesday if we have a rally, but then shown to be impossible again by the end of the week. What is impossible, becomes possible, and vice versa. For example if an asteroid is heading away from Earth, you just know it's impossible it will ever hit, but then it loops back around in a gravity spiral and wham! Everyone dies.
ribuck
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June 12, 2011, 04:24:20 AM
 #25

Accept the volatility. Just buy a little every day so that you can average your purchase price. Then sit back and ride this thing wherever it takes you.

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