WARNING- BEAR TRAP AHEAD

[patrickquinn]

Im gutted i sold half of mine at 68 euro a piece, they are now worth north of 114 :/ still got some cash out of it which i spent on a rather lovely weekend with the misses

[GerMG]

same here

[Multifarious]

Yeah, I think we will consolidate around $150 for a day or so, just like the sell off the happened at $135. Then, up again.

[Crownz81]

hey all dont sell, its a bear trap and it gets the newbies to sell and then they swoop in to buy up your cheep coins. hold hold hold dont sell!!!

Says the guy with the bears for an icon

[IndonesiaCoin]

Opinions on where the price will be at by the end of the year?

[furax]

Opinions on where the price will be at by the end of the year?

Very low. States will impose that their central bank signature is in the blockchain in order to allow change with fiat currencies. Important changes are ahead.

[alyssa85]

Well of course the price will fluctuate - that's how it is with all currencies.

I guess it depends on why you have got into bitcoins. Are you drawn to the speculative effects and the chance to make a quick killing? Or are you worried about the mainstream economy and just want to put your money into something that is anonymous and is not gold (which is hard to spend). If Bitcoin develops so that most businesses accept it, you could simply do normal tasks with bitcoins and only occasionally exchange into fiat currencies when you need to deal with fiat stuff eg paying your taxes, mortgages etc. If you are in the second category, the dollar price doesn't really matter at all, it's about long term security and having an alternative in case things go bad as they did in Cyprus.

[mechanikalk]

I think speculation on price at this point is somewhat pointless because Bitcoin should be a much longer term investment then weeks or months, unless something disrupts the cryptocoin ecosystem to significantly displace Bitcoin.  BTC is currently troublesome to acquire, and store. This trouble is similar to gold but the world reserves of gold in the world is 10 trillion dollars and BTC is only 1.5 billion.  If the infrastructure is developed Bitcoin would have much greater usefulness than gold...

[odin.dillinger]

Person to person banking. Everbody owes everybody money, its a good idea!
Personaly im looking for new ways to get more coins every day

[alwaysunknown]

holding, and using, 75btc/25usd

[MoogleMuffins]

hey all dont sell, its a bear trap and it gets the newbies to sell and then they swoop in to buy up your cheep coins. hold hold hold dont sell!!!

We are currently at the "bull trap" period ...

+1.  Correction still has a ways to go before we are bullish again, if we ever are.

I think we are reaching a local maximum, won't break 200 before it goes down again.

[XXthetimeisnowXX]

hey all dont sell, its a bear trap and it gets the newbies to sell and then they swoop in to buy up your cheep coins. hold hold hold dont sell!!!

Says the guy with the bears for an icon

bears eating each other     haha

[XXthetimeisnowXX]

holding, and using, 75btc/25usd

same!

[zomby2d]

I only started mining a few weeks ago and looking at the roller-coaster ride. Don't have "real" money invested in this so beside making more or less from one day to another it's all good to me. If it goes up then my BTC worth is climbing, if not then it stays the same.

Only got into this as a tryout when Hexide decided to ditch Paypal in favor of bitcoins anyway.

[XXthetimeisnowXX]

I only started mining a few weeks ago and looking at the roller-coaster ride. Don't have "real" money invested in this so beside making more or less from one day to another it's all good to me. If it goes up then my BTC worth is climbing, if not then it stays the same.

Only got into this as a tryout when Hexide decided to ditch Paypal in favor of bitcoins anyway.

hey im looking to buy a new computer and was thinking of making my old mack book a mining rig or my two year old dell (good puter) into a mining rig. both are laptops but they dell especialy has brand new hard drive and good graphics card ( is that necessary) or is all about ram and processing speed??   

clearly i know nothing about mining and need to do my research but maybe you could tell me a few things and head me into the right direction.

[bitleif]

I like it when things get cheaper.

[jrslyrics]

A volitle market is a traders dream. Be disciplined! Dont be greedy. Set a goal and stick to it. Also hedge your emotions with trailing stops, if possible. Bitcoin trading is just like any other currency trading.

[madmailman96]

Bear Trap? Is that what it's called?

[XXthetimeisnowXX]

FUCK YA!!!! called that. shake the week hands and those that get scared sell out they go and bam right back to 148.00 dip to 120 and back up it goes. sold at 144 and bought at 125, 128, 134. yep feeling good basically free coins.