I pretty much agree with Rampions sentiments (and not because that is the trend around here!)
The $50 price is spoken about so often, it is like a meme in the BTC community. If we touch it going down it will be brief as we will bounce hard imo. Much safer to try to get in at 55 or so.
A few huge sellers will probably play into this, so we need to be careful there. I once again may not take part.
I think the 20's are a distinct possibility but agree again, anything under 50 is probably a great price long term. If I buy back in at 50 and we go
to 30 then I can't be greedy but I doubt I do. Best case is to slowly buy in, like I initially did. Better to be a bit safer than sorry. Just by getting out when I did ($106)
I've increased my buying power by over 20% and when all is said and done, I can't complain if I double my position at 50, or triple it at 35 (=106/3). Now that is an increase, be happy and take it.
Trying to call an exact bottom is near impossible and if you are not on Gox you have other worries regarding liquidity.
What is interesting is that Gox is going to have a new trade engine in time for catching the bottom.
Would be nice if other exchanges follow (buttercoin perhaps)?
Poll
