Thank you everybody

[FreshJR]

I doubled my bitcoins, with this panic sell.  Thank you.

Im happy right now, but they may be worth nothing if this continues, so mixed feelings really  

I'm riding this out, long term.

EDIT: PRICE $65

[Franktank]

Uh...um...what? You're saying that it's good idea to get more bitcoins AND and hold them long term? Until the price rises?


This post is making too much sense...

[FreshJR]

Uh...um...what? You're saying that it's good idea to get more bitcoins AND and hold them long term? Until the price rises?


This post is making too much sense...

We will see, but sure as hell I am keeping these.

EDIT: $55 STRONG ARM STEADY

[Franktank]

People don't realize that March was full of highs, April is to compensate for that. Sooner or later, the price will slingshot and those who sold will get left behind.

[keystroke]

People don't realize that March was full of highs, April is to compensate for that. Sooner or later, the price will slingshot and those who sold will get left behind.

The coin remains strong.

[BitPirate]

People don't realize that March was full of highs, April is to compensate for that. Sooner or later, the price will slingshot and those who sold will get left behind.

^ This....

The time to sell was a week ago.

It may not yet be time to buy back much, but selling doesn't look like a sane option (if you haven't already).

[niko]

People don't realize that March was full of highs, April is to compensate for that. Sooner or later, the price will slingshot and those who sold will get left behind.

^ This....

The time to sell was a week ago.

It may not yet be time to buy back much, but selling doesn't look like a sane option (if you haven't already).

Unless you need cash. And you've got nothing more appropriate to sell. And you don't expect bitcoins to skyrocket in value any time soon. None of that applies to me, but I can see how it may apply to somebody else, thus making selling a sane option. Why, if you bought or mined or earned your coins below $50s, it's even a good deal!

[Hyena]

Strong hands reporting in. Just trained my biceps yesterday.

[mp420]

Selling now is risky. Buying now is even riskier.

We might see single digits again, if the market sentiment has really changed. The hype about bitcoin adoption surging is an empty promise. Most of the adoption is just speculative investment, pretty much no one is using BTC as a medium of exchange. The "intrinsic value" of bitcoin, based on non-speculative use, is at most $10, probably lower. I think the biggest two actual uses of Bitcoin (drug trade and gambling) each contribute about $2 to $3 to Bitcoin price. And everything else is peanuts compared to those.

The crash has been a really fast one so far, we might see a bounce back before the downtrend continues.

My advice, which I'm trying to follow myself, is "Think like a day trader, act like a long term investor".