BTC4Host (OP)
Newbie
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Activity: 31
Merit: 0
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August 04, 2011, 09:43:45 PM |
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A week ago I made the mistake of selling when the price dropped from ~13.50 to ~12.25 and buying back when the price when up to $13. The price seemed to stabilize until it plummeted to less then $9 and then started to stabilize at $10.50. Even though the price went back up slightly there are still not enough buy orders to compensate for the number of sell orders. I think those who sold should wait until the price drops to about $8 and buy right before the bitcoin conference on the 19th, and sell into the media hype.
Feel free to criticize my considerations.
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Mousepotato
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August 04, 2011, 09:46:04 PM |
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mybitcoin.com
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Mousepotato
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BTC4Host (OP)
Newbie
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Activity: 31
Merit: 0
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August 04, 2011, 09:47:40 PM |
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I don't think mybitcoin affects the price too much, since the owner was slowly selling the coins over the last 2 years.
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Edward50
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August 04, 2011, 09:48:16 PM |
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Agreed. The price needs to stabalize at the new psycological level of around $10-$11. Once this level sets in the sell orders start coming in as people need to sell and realize that the price is not going much higher.
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Empty your mind, be formless, shapeless — like water. Now you put water in a cup, it becomes the cup; You put water into a bottle it becomes the bottle; You put it in a teapot it becomes the teapot. Now water can flow or it can crash. Be water, my friend.
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proudhon
Legendary
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Activity: 2198
Merit: 1311
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August 05, 2011, 07:29:23 PM |
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Looks like another tumble to the single digits is currently in the making. Heads up.
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Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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Piper67
Legendary
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Activity: 1106
Merit: 1001
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August 05, 2011, 07:31:25 PM |
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Looks like another tumble to the single digits is currently in the making. Heads up.
Looks like another dumping... eventually, Tom Williams will run out of coins and things will return to normal. |
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Mousepotato
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August 05, 2011, 07:33:09 PM |
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Looks like another tumble to the single digits is currently in the making. Heads up.
Yeah, I got back in at 10.60, but all day yesterday it kinda hovered just below 11. If it wasn't going to bust out of the 10's yday, it wasn't going to any time soon so I bailed at 10.80'ish. Now it's being driven down by panic sellers and I'm about to place a buy at 8.8000. |
Mousepotato
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proudhon
Legendary
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Activity: 2198
Merit: 1311
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August 05, 2011, 07:52:47 PM |
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Looks like another tumble to the single digits is currently in the making. Heads up.
Yeah, I got back in at 10.60, but all day yesterday it kinda hovered just below 11. If it wasn't going to bust out of the 10's yday, it wasn't going to any time soon so I bailed at 10.80'ish. Now it's being driven down by panic sellers and I'm about to place a buy at 8.8000. Yeah, I don't think we've seen the last of the 9s and 8s. |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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Zem
Member
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Activity: 70
Merit: 10
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August 05, 2011, 07:54:50 PM |
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It's Friday. SELL EVERYTHING!
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bitcon
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Activity: 2212
Merit: 1008
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August 06, 2011, 12:16:48 AM |
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at this rate it will be $5 by sunday. then we can all be early adopters
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MKW2012
Jr. Member
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Activity: 74
Merit: 1
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August 06, 2011, 12:27:13 AM |
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We'll see if the $8.70 support level holds.
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Oldminer
Legendary
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Activity: 1022
Merit: 1001
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August 06, 2011, 12:29:40 AM |
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bitcon
Legendary
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Activity: 2212
Merit: 1008
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August 06, 2011, 01:04:59 AM |
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thats what bill clinton said. |
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mizike29
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August 06, 2011, 02:23:18 AM |
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NO it hopped right back to around 11 bux, now its the weekend, where bitcoin has always took a hit for the past month or so, 10 to 11 would be a nice stable point
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