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Author Topic: Expect the price to go lower  (Read 2619 times)
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August 03, 2011, 07:19:42 PM
 #21

Someone's clearly panic selling today. I hope you all are snapping up the bargains!

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fastandfurious
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August 03, 2011, 07:21:53 PM
 #22

Someone's clearly panic selling today. I hope you all are snapping up the bargains!

Why is it a bargain?
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August 03, 2011, 07:25:14 PM
 #23

Someone's clearly panic selling today. I hope you all are snapping up the bargains!
i missed the train.

now i learned not to transfer funds to my bank account on the weekend.


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fastandfurious
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August 03, 2011, 07:30:23 PM
 #24

Someone's clearly panic selling today. I hope you all are snapping up the bargains!
i missed the train.

now i learned not to transfer funds to my bank account on the weekend.

You probably didn't miss anything, it will probably be under 8,70 dollars within a week if not faster.
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August 03, 2011, 08:06:35 PM
 #25

Someone's clearly panic selling today. I hope you all are snapping up the bargains!
i missed the train.

now i learned not to transfer funds to my bank account on the weekend.

You probably didn't miss anything, it will probably be under 8,70 dollars within a week if not faster.

Huh?  I just picked some up for less than that (unless the exchange unwinds their books.)  I'm holding out for $5-ish and it seems like a distinct possibility (but I'm still giving less than a 50% chance.)

I suspect that a lot of the liquidity originated in Poland or MBC.com.  I figure that the criminals needed to divvy things up amongst various operatives who have accounts on the exchanges.  I hoped that some of them may be none-to-shrewd and would blow the price down to much at times.  I wanted to capitalize if so...and kept some powder dry for this purpose.

Did I do the right thing and there will be a rally when this all blows over?  Or will BTC prove to have to much of a sting and everyone bails?  Or???  Time will tell.

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August 03, 2011, 08:12:23 PM
 #26

Of course, if you buy BTC as a currency instead of a speculative vehicle none of this matters much. Instead of sell, sell, sell, try spending your bitcoin. It will help make a more robust economy and you may find some bargains right now priced in bitcoin.

The gospel according to Satoshi - https://bitcoin.org/bitcoin.pdf

Free bitcoin=https://bitcointalk.org/index.php?topic=1610684
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August 03, 2011, 08:41:45 PM
 #27

Quote
Of course, if you buy BTC as a currency instead of a speculative vehicle none of this matters much. Instead of sell, sell, sell, try spending your bitcoin. It will help make a more robust economy and you may find some bargains right now priced in bitcoin.

Exactly!

Either you are actually using bitcoins and you don't care what the price is or you are speculating and then these crazy swings are just what you want.

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