jubalix (OP)
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Activity: 2618
Merit: 1022
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May 19, 2013, 07:33:44 AM |
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hey shouldn't we be down at $70 or less by now...where are my cheap(er) BTC's and why no crash......go back to $2!!!!
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Miz4r
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Activity: 1246
Merit: 1000
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May 19, 2013, 11:21:13 AM |
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Not gonna happen sorry. Buy now during the low volume weekend dip because after today this volcano is going to erupt violently.  |
Bitcoin = Gold on steroids
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Coinseeker
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May 19, 2013, 11:33:40 AM |
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I still believe double digits is coming. $70 may be realistic at some point. I don't buy the "Bitcoin is stable" argument for one second. Now, I have held the view that we'd retest our lows at 50-60 but our low might be higher than that now. Bad news is, $2 is never happening and if it does, it's because BTC is about to die. The single digit coin ship has certainly sailed.
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If your ignore button isn't glowing, you're doing it wrong.
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jubalix (OP)
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Activity: 2618
Merit: 1022
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May 19, 2013, 11:38:19 AM |
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I still believe double digits is coming. $70 may be realistic at some point. I don't buy the "Bitcoin is stable" argument for one second. Now, I have held the view that we'd retest our lows at 50-60 but our low might be higher than that now. Bad news is, $2 is never happening and if it does, it's because BTC is about to die. The single digit coin ship has certainly sailed.
yeah your right it's a dream 100 is the new 10! |
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BitcoinAshley
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May 19, 2013, 01:15:38 PM |
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I give it 20% chance that we drop below 100 in the next month. It's definitely possible given what has happened in the last couple months, but IMO there's just too much support here - we'd need some major black swans to get down there.  Look at those inflections... lol. |
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Hawker
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Activity: 1218
Merit: 1001
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May 19, 2013, 01:28:26 PM |
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I give it 20% chance that we drop below 100 in the next month. It's definitely possible given what has happened in the last couple months, but IMO there's just too much support here - we'd need some major black swans to get down there. Look at those inflections... lol. I sold 350 at 119.99 and have an order at 117.1 to buy them back. What % chance do I have? |
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Birdy
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May 19, 2013, 01:31:43 PM |
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I sold 350 at 119.99 and have an order at 117.1 to buy them back. What % chance do I have?
99%+, if you buy them back at BTCE instead. |
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Zaih
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May 19, 2013, 01:50:54 PM |
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Just grab ya coins and hang tight. It works  The earlier, the better chance you have of getting them cheaper |
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Endgame
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May 19, 2013, 02:19:36 PM |
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Without some major bad news I can't see it going below 100 any time soon. The market barely even flinched after the gox account seizure, so the outlook is pretty positive right now.
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bitcon
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Activity: 2212
Merit: 1008
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May 19, 2013, 03:31:40 PM |
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many ppl got their coins out of gox. less coins for sale there. supply and demand.
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Birdy
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May 19, 2013, 03:35:54 PM |
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Yes they got their coins out of Gox, but they don't want to sell them at loss.
I think that is the reason for those massive high ask-walls.
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BitcoinAshley
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May 19, 2013, 04:51:52 PM |
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I sold 350 at 119.99 and have an order at 117.1 to buy them back. What % chance do I have?
You'll probably be ok but who knows, maybe this +120 stability is building more support than I expect. You have a greater chance if you do the following: 1) Withdraw the USD from Gox 2) Use other USD that you happen to have lying around, start an account at CampBX and send a money order in via certified mail, it will be credited within a day after receipt and you can buy your coins at $117-118 because it's been there all week. However, it will be Wednesday before your account gets credited so by then we could have a rally and even the illiquid exchanges with lower prices will be above 120, in which case you'd be screwed. Buying back in at a loss isn't the end of the world. It happens to all of us from time to time; no one has a 100% effective trading strategy. The trick is to sell high, buy low more often than sell low, buy high. Gox just dipped back below 120 I think so you missed a chance to buy back in at at the same price you sold at ;-). I'm curious to see how much support is really being built during this period of stability. |
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Hawker
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Activity: 1218
Merit: 1001
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May 19, 2013, 08:36:53 PM |
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I sold 350 at 119.99 and have an order at 117.1 to buy them back. What % chance do I have?
You'll probably be ok but who knows, maybe this +120 stability is building more support than I expect. ...snip... Thanks. I've come to the conclusion that I suck at day trading so I'll leave the fiat in place to buy at $117.1 for a few weeks. If it works, great, I've made 1%. If not, great, I've made more than 1% on the rest of my Bitcoin. But all things considered, it seems that my pattern is to trade several times a day, rack up winnings and then get stuck in a position that I have to lose the winnings to get out of. |
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samson
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Activity: 2097
Merit: 1070
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May 19, 2013, 08:55:11 PM |
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I give it 20% chance that we drop below 100 in the next month.
It's definitely possible given what has happened in the last couple months, but IMO there's just too much support here - we'd need some major black swans to get down there.
It's been below $100 on 4 separate days in May so far and it's only the 19th today. |
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Miz4r
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Activity: 1246
Merit: 1000
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May 19, 2013, 09:14:22 PM
Last edit: May 19, 2013, 10:53:48 PM by Miz4r |
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Last 'crash' brought us down to $103, that is a very bullish sign in my opinion or at least a sign there is massive support above $100 now. Lots of good news the past week like WebMoney and PayPal founders investing in BitPay. We may be retesting $110-115 perhaps and shake out a few weak hands before going up but I don't see it going lower unless there's some major bad news. We'll see, it will be an interesting week for sure.  |
Bitcoin = Gold on steroids
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rm187
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May 19, 2013, 11:05:57 PM |
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While we have touched some low points over the past 3 months, they were very momentary. Please wake up, we are not returning to $50-80 coins unless its a flash crash. Which says nothing about bitcoin because its already set it's new paradigm.
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1x5AFgSYTzXZ9eKJTKUfr7tiSuGyBE7Yd
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samson
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Activity: 2097
Merit: 1070
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May 19, 2013, 11:24:54 PM |
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Last 'crash' brought us down to $103, that is a very bullish sign in my opinion or at least a sign there is massive support above $100 now. Lots of good news the past week like WebMoney and PayPal founders investing in BitPay. We may be retesting $110-115 perhaps and shake out a few weak hands before going up but I don't see it going lower unless there's some major bad news. We'll see, it will be an interesting week for sure. So should we all be 'holding for the longest time' ? |
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Miz4r
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Activity: 1246
Merit: 1000
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May 19, 2013, 11:31:39 PM |
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I am already. I only play with 10% of my stack and try to increase my stack a little that way which has been reasonably succesfull so far. Right now I'm all in, I see so much more room for it to go up from here that I think that selling now is just silly with a small chance of giving me a small profit at most (or nothing if I miss the bottom again like I did when it only fell to $103 last time) and a rather large chance of the bitcoin train moving on and leaving my fiat in the dust. |
Bitcoin = Gold on steroids
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