Prepare for the new influx of buyers

[bqxpd]

Who in their right mind is going to throw a big pile of cash at something that has just crashed from $900 to $500?

Um, people hoping the much the same thing might happen again in a few months based on the track record of 2014. Like the enormous number of people who entered the market due to the press around the last bubble/crash back in April.

[MoreFun]

It takes weeks if not months for average person to invest larger amount of money. You went all in five days after you first heard of bitcoin?

[YoYa]

You way overestimate people's tolerance...

Remember how everyone was stampeding to buy Facebook stock? It didn't matter it was overpriced.

Mention the words "internet" and "new" and you have a recipe for record setting highs.

Remember how facebook was already a part of everyones lives by then?

[MatTheCat]

Maybe to some degree yes, but another major problem right now is the difficulty in obtaining coins. Coinbase and many other exchanges are out. Investing in stock is relatively straight forward, but are people willing to wait days for a bank account to be confirmed, followed by `sorry, we`re all out of coins, but you can still buy now and pay whatever the price is next week.`

EH?

I know plenty places where I could plenty coins...it's just that I am not will to pay $500 for something which tomorrow will cost just $400.

[favelle75]

Who in their right mind is going to throw a big pile of cash at something that has just crashed from $900 to $500?

WTF?  That right there is investing 101.  Buy low, sell high.  Would you prefer to buy in at $900?  I don't know ANY investor that tries to buy a stock at its all-time high, LOL.

[YoYa]

Who in their right mind is going to throw a big pile of cash at something that has just crashed from $900 to $500?

WTF?  That right there is investing 101.  Buy low, sell high.  Would you prefer to buy in at $900?  I don't know ANY investor that tries to buy a stock at its all-time high, LOL.

Investing 201: Pick your entry point carefully.

Who would buy in to a falling market? We'll need either consolidation or a few days uptick to for the new money to jump in.

[MatTheCat]

Who in their right mind is going to throw a big pile of cash at something that has just crashed from $900 to $500?

WTF?  That right there is investing 101.  Buy low, sell high.  Would you prefer to buy in at $900?  I don't know ANY investor that tries to buy a stock at its all-time high, LOL.

The dead cat bounce has already happened......that was sub $500 right back up to $750....now we trend lower for a bit. This is the expectation and believe me, any investor of balanced mind will have these text book expectations very much in mind when playing with a big doughball of capital that he is looking to increase in size, as opposed to decrease in size which is the last thing any speculator wants.

This is the text book investors expectation and this expectation en masse, will of course proceed to turn into self-fulfilling prophecy, in addition to the dynamics of those in profit, looking to lock in profits and of course late comers looking to minimise loses.

I was a bull up until yesterday evening. Bitcoin was at around $700. I stated in a previous post in some 'Bears FU! thread' (I can't link to it check it out cos the thread got deleted), that Bitcoin has now entered parabolic territory, and that I had sold, and was postponing anymore buying. I of course got the usual dog's abuse from the usual avarice craved rats only interested in having their own avarice driven bias confirmed, and I said:

"I will be right this time just like I was right last time"

I also insulted them and if any of those guys are reading this, I insult you again.,

F.U. I WAS RIGHT (AGAIN) AND U WERE WRONG!

Here's looking forward to some lower and more stable Bitcoin prices in the future where one can feel safe to use them for the odd online narcotics purchase once again.

[kireinaha]

Maybe to some degree yes, but another major problem right now is the difficulty in obtaining coins. Coinbase and many other exchanges are out. Investing in stock is relatively straight forward, but are people willing to wait days for a bank account to be confirmed, followed by `sorry, we`re all out of coins, but you can still buy now and pay whatever the price is next week.`

EH?

I know plenty places where I could plenty coins...it's just that I am not will to pay $500 for something which tomorrow will cost just $400.

Are you referring to localbitcoins? I can`t imagine many people who are just now finding out about bitcoin would be willing to meet strangers to exchange cash for magical Internet money, IMO. If there`s a good method aside from Coinbase, I`d like to be enlightened.

[wachtwoord]

Haha Magical Internet Money. There are a million crappy altcoins and none of them chose this name?

[msc]

Who in their right mind is going to throw a big pile of cash at something that has just crashed from $900 to $500?

BTC has never crashed.  It has corrected.  There's a difference. 

[zero3112]

So does this mean 1000+ before new years?

[porcupine87]

I think there will be no new people get into bitcoin until the price starts to relax... And for many starters this high price will be daunting. They think at the worth of the corporate shares which really rarely go beyond 500$.

We need the price for mBTC!

[BitPirate]

Prepare for the new influx of buyers that never comes

FTFY

OK, they will come -- but much later. Look at China: Fiat to the exchanges in under 5 minutes, but buying is subdued. The crash isn't because of "lack of fiat", it's because "areyoumotherfuckinginsaneitjustrose1700%"!

[MatTheCat]

Who in their right mind is going to throw a big pile of cash at something that has just crashed from $900 to $500?

BTC has never crashed.  It has corrected.  There's a difference. 

Dress it up how you will.

If I invested $500 in something and within a year, it went to $900, I would be over the moon.

If on the otherhand I invested in an asset that within the space of a year, collapsed almost 50%, I would be in a state of despair.

[windjc]

Who in their right mind is going to throw a big pile of cash at something that has just crashed from $900 to $500?

BTC has never crashed.  It has corrected.  There's a difference. 

Dress it up how you will.

If I invested $500 in something and within a year, it went to $900, I would be over the moon.

If on the otherhand I invested in an asset that within the space of a year, collapsed almost 50%, I would be in a state of despair.

Dude why are you even here? Trolls will troll.

[wobber]

I'm not prepared for the new influx of buyers!!! What do I do? What do I do? 

[hyphymikey]

It takes weeks if not months for average person to invest larger amount of money. You went all in five days after you first heard of bitcoin?

I went all in the day after I heard of bitcoin. And I am damn glad I did!

[MatTheCat]

Dude why are you even here? Trolls will troll.

I have found in the past the level of arrogance and hubris evident on this forum is often a good contrarian indicator for trading Bitcoin.

....so I like to keep an eye on the crap that Bitcoin lunatics are spouting......just keeping myself in the fold.

[MatTheCat]

I went all in the day after I heard of bitcoin. And I am damn glad I did!

If that is true, u must be fkn rolling in it.

I always used Btc for buying stuff....but never started speculating till after the last crash.

[kireinaha]

Dude why are you even here? Trolls will troll.

I have found in the past the level of arrogance and hubris evident on this forum is often a good contrarian indicator for trading Bitcoin.

....so I like to keep an eye on the crap that Bitcoin lunatics are spouting......just keeping myself in the fold.

It`s true. I call it the `Bitcoin Talk Market Indicator`. It`s better than any technical indicator. What you do is read this message board once a day. As soon as you find at least two new topics created in the span of one day that confidently announce Bitcoin will hit $100,000+ (and that now is that last time to buy for cheap), wait exactly two weeks and then sell your holdings 

Wait one more week and buy, and then wait a few months. Rinse and repeat