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Author Topic: Expect the price to go lower  (Read 2624 times)
TheBitMan
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August 02, 2011, 10:36:31 PM
 #1

I think MANY people haven't been moving there BTC around since MyBitcoin went down. And when BTC doesn't move around...it gets lower.
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kiwiasian
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August 02, 2011, 11:37:58 PM
 #2

Time to buy?

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August 02, 2011, 11:44:12 PM
 #3

Time to buy?

Not yet...
TheBitMan
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August 02, 2011, 11:48:08 PM
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I am watching very closely, I will be buying very soon.
GeniuSxBoY
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August 02, 2011, 11:49:15 PM
 #5

You've already missed the bottom. It's only going up from here! Now's the time to buy
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August 02, 2011, 11:50:15 PM
 #6

Why is this post  not in Speculation Tongue


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TheBitMan
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August 02, 2011, 11:51:47 PM
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Why is this post  not in Speculation Tongue


Grin done
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August 03, 2011, 02:23:06 AM
 #8

You've already missed the bottom. It's only going up from here! Now's the time to buy

For once I actually agree with you. Cheesy

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August 03, 2011, 02:38:16 AM
 #9

You've already missed the bottom. It's only going up from here! Now's the time to buy

For once I actually agree with you. Cheesy

The market depth on the bid side still seems so weak.
I guess I'm still confident of some rises over the medium term once interest picks up in places like China and Korea.. but I've no idea what is a likely low point in the mean time.  $5 sounds just as plausible as $11 to me. 

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Zem
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August 03, 2011, 03:06:59 AM
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Thing is if we drop to single digits especially mid-range single digits, I know me personally, will be snatching them up happily. I'm not sure how many people have the same mindset as me but I'm sure I'm not the only one. Will it be a good idea? Maybe, Maybe not. Though I also feel if we drop below 10 there will be a lot of panic selling.
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August 03, 2011, 03:12:11 AM
 #11

Thing is if we drop to single digits especially mid-range single digits, I know me personally, will be snatching them up happily. I'm not sure how many people have the same mindset as me but I'm sure I'm not the only one. Will it be a good idea? Maybe, Maybe not. Though I also feel if we drop below 10 there will be a lot of panic selling.

Bingo, dropping this low is, to me, not a sign that this thing is anything I ought to put anymore money into.
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August 03, 2011, 03:17:44 AM
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I picked up most of my coins at 3ish usd. So I'm not too worried yet. But people that bought in at huge prices....Well, good luck to you guys  Grin
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August 03, 2011, 03:37:09 AM
 #13

I was too happy today because I got my first bitcoins  and now reading this thread you make me get worried  Sad

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August 03, 2011, 03:39:22 AM
 #14

I was too happy today because I got my first bitcoins  and now reading this thread you make me get worried  Sad
Don't listen to them lol... If you sell you play into their games and THEY WIN.  Grin

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TheBitMan
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August 03, 2011, 03:42:58 AM
 #15

I was too happy today because I got my first bitcoins  and now reading this thread you make me get worried  Sad
The price was once at $30 it will go back up. I have never bought any bitcoins. I made them all of my sites and logo making Smiley
Zem
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August 03, 2011, 03:51:58 AM
 #16

I believe long term we'll be fine. But short term for the moment is sketchy.  People in it to make a quick buck are probably going to panic and sell everything at some time in the near future.
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August 03, 2011, 03:52:45 AM
 #17

I was too happy today because I got my first bitcoins  and now reading this thread you make me get worried  Sad
The price was once at $30 it will go back up. I have never bought any bitcoins. I made them all of my sites and logo making Smiley

No, it might go back up, but very likely won't for a very long time, if at all.  Do you not see how much money it would take just to move the price back up to $13.80?  Over $600,000!  It would take millions to take it back up to $30 and millions of dollars are simply not entering the market.  I stand by the prediction I've been repeating for quite some time now...we will not get back over $20 this year.  Maybe, maybe, sometime next year.
Bitcoin Swami
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August 03, 2011, 04:12:28 AM
 #18

Thing is if we drop to single digits especially mid-range single digits, I know me personally, will be snatching them up happily. I'm not sure how many people have the same mindset as me but I'm sure I'm not the only one. Will it be a good idea? Maybe, Maybe not. Though I also feel if we drop below 10 there will be a lot of panic selling.

Bingo, dropping this low is, to me, not a sign that this thing is anything I ought to put anymore money into.

Wow never heard you say anything like that before.  Roll Eyes
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August 03, 2011, 04:16:09 AM
 #19

preface: bitcoins are a revolutionary idea. One that I'm am very much supportive of. but...

the thing about bitcoins is that they rely on the internet. if you are bullish about the internet never having any sort of problem, then bitcoins look to be a somewhat bullish investment.

if you have any sort of worries about an "internet kill switch" or solar flares, or any other kind of disruption to the global network happening in the next few years, well then... you might want to start shorting bitcoins.


-- note -- I am staying somewhat invested in bitcoin as a hedge against the world maintaining the status quo. I am also invested in silver, gold, food staples, cold weather clothing and shelter, and farmland! (I mean like an actual farm, where I can stay and work, just in case Smiley

all this stuff going on right now is to risky to lay all your eggs in one basket. just my opinion.

"You have no moral right to rule us, nor do you possess any methods of enforcement that we have reason to fear." - John Perry Barlow, 1996
Bitcoin Swami
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August 03, 2011, 04:58:01 AM
 #20

Thing is if we drop to single digits especially mid-range single digits, I know me personally, will be snatching them up happily. I'm not sure how many people have the same mindset as me but I'm sure I'm not the only one. Will it be a good idea? Maybe, Maybe not. Though I also feel if we drop below 10 there will be a lot of panic selling.

Bingo, dropping this low is, to me, not a sign that this thing is anything I ought to put anymore money into.

hahhahah
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