It's time to buy, not to sell

[voyagr]

The decline in the price can be explained probably by the fact that Fed is going to have a two-day policy meeting. The markets are atm very nervous about the outcome as the quantitative easing (85 billion in bonds buying) program can be restrained. But Fed already has tried to restrain this program in the past with no luck, as the market reacted very sharply to the decision. Let's not forget that the economy is still very weak and policymakers seem not to dare taking decisions that will disrupt the market and lead to fire sales. As a matter of fact a bubble is formed everywhere but none is daring to take the ultimate decision, at least not this year.

So, a stop in bond buying cannot be expected only some statements about possible lowering in the future. After the meeting, the markets will rally one last time for this year, better known as the Christmas-rally.

Thanks for your comments  

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[GigaCoin]

if you already missed selling at $1000+ , now is not the time to sell for sure, rather hold wait for it to bottom out and buy to lower your cost average.

[raskolnikovx]

it's always time to buy 

[MatTheCat]

The decline in the price can be explained probably by the fact that Fed is going to have a two-day policy meeting. The markets are atm very nervous about the outcome as the quantitative easing (85 billion in bonds buying) program can be restrained. But Fed already has tried to restrain this program in the past with no luck, as the market reacted very sharply to the decision. Let's not forget that the economy is still very weak and policymakers seem not to dare taking decisions that will disrupt the market and lead to fire sales. As a matter of fact a bubble is formed everywhere but none is daring to take the ultimate decision, at least not this year.

So, a stop in bond buying cannot be expected only some statements about possible lowering in the future. After the meeting, the markets will rally one last time for this year, better known as the Christmas-rally.

Thanks for your comments  

blah blah blah....

Charts have been spelling out price corrections all week.

Wake me up when Bitcoin goes below $600 again, then I might be interested, depending on what the charts say.

[piramida]

Wake me up when Bitcoin goes below $600 again

Yes, wake me up then too. I want those cheap coins.

[Elwar]

This is the stable price. Buy on panics and bad news.

The only reason to ever sell is if Bitcoin itself is broke.

And Bitcoin will not break.

[e521]

And Bitcoin will not break.

That's quite a huge statement! 

I agree, this is time to buy, we are near what I think is the bottom ($800)
Chinese FUD is also going on at the moment, the trend is evident but not a crash for sure (yet)

[EvilPanda]

This is the stable price. Buy on panics and bad news.

The only reason to ever sell is if Bitcoin itself is broke.

And Bitcoin will not break.

I have to agree people seem very nervous this whole week and the price could go either way but we are close to the bottom. Even today's FUD didn't take it below 700.

[GigaCoin]

This is the stable price. Buy on panics and bad news.

The only reason to ever sell is if Bitcoin itself is broke.

And Bitcoin will not break.

I have to agree people seem very nervous this whole week and the price could go either way but we are close to the bottom. Even today's FUD didn't take it below 700.

i would imagine specially those holding coins $1000+ are v nervous and depressed this whole week.

[Dafar]

Wow... every time I buy BTC the prices goes DOWN the next day.


Bought in for the first time at $670..... price went down to $550 the next day

Bought some 2 weeks ago at $770..... went down the next day to sub $500s

Bought some yesterday for $880...... goes down today at $750

Bought LTC for the first time yesterday for $31...... now it's around $28... Fuck


I mean I'm not scared (yet) and I'm sure it will all rise... but damn, I seem to bring bad luck. Could have saved a lot of money if I only waited a day.

[seleme]

This is the stable price. Buy on panics and bad news.

The only reason to ever sell is if Bitcoin itself is broke.

And Bitcoin will not break.

I have to agree people seem very nervous this whole week and the price could go either way but we are close to the bottom. Even today's FUD didn't take it below 700.

i would imagine specially those holding coins $1000+ are v nervous and depressed this whole week.

Being nervous about Bitcoin price is no-no, eventually taking advantage yes, but nervous no. Most of them will learn it hard way.

[wobber]

I have bought at 755. But only because I sold yesterday at 850.

Fortunately didn't bought some at 1100...

[GameKyuubi]

Just hooooooooldin~

http://www.youtube.com/watch?v=NG1qooBzE2w

[zoinky]

Wow... every time I buy BTC the prices goes DOWN the next day.


Bought in for the first time at $670..... price went down to $550 the next day

Bought some 2 weeks ago at $770..... went down the next day to sub $500s

Bought some yesterday for $880...... goes down today at $750

Bought LTC for the first time yesterday for $31...... now it's around $28... Fuck


I mean I'm not scared (yet) and I'm sure it will all rise... but damn, I seem to bring bad luck. Could have saved a lot of money if I only waited a day.

What's your plan for today?  So all of us know.

[Ibian]

This is the stable price. Buy on panics and bad news.

The only reason to ever sell is if Bitcoin itself is broke.

And Bitcoin will not break.

I have to agree people seem very nervous this whole week and the price could go either way but we are close to the bottom. Even today's FUD didn't take it below 700.

i would imagine specially those holding coins $1000+ are v nervous and depressed this whole week.

$1130. I'm happy. Should get a bag of fiat soon, hopefully before the price rises again.

[GenTarkin]

Wow... every time I buy BTC the prices goes DOWN the next day.


Bought in for the first time at $670..... price went down to $550 the next day

Bought some 2 weeks ago at $770..... went down the next day to sub $500s

Bought some yesterday for $880...... goes down today at $750

Bought LTC for the first time yesterday for $31...... now it's around $28... Fuck


I mean I'm not scared (yet) and I'm sure it will all rise... but damn, I seem to bring bad luck. Could have saved a lot of money if I only waited a day.

I got the same damn luck, which is why I dont trade =P

[GenTarkin]

This is the stable price. Buy on panics and bad news.

The only reason to ever sell is if Bitcoin itself is broke.

And Bitcoin will not break.

I have to agree people seem very nervous this whole week and the price could go either way but we are close to the bottom. Even today's FUD didn't take it below 700.

what was "todays fud" ... the whole btcchina possibly charging fees now? or something else I missed?

[BitchicksHusband]

This is the stable price. Buy on panics and bad news.

The only reason to ever sell is if Bitcoin itself is broke.

And Bitcoin will not break.

I have to agree people seem very nervous this whole week and the price could go either way but we are close to the bottom. Even today's FUD didn't take it below 700.

what was "todays fud" ... the whole btcchina possibly charging fees now? or something else I missed?

BTCChina charging fees and no longer allowing Alibaba and Tencent isn't FUD.  That's huge legitimate news that will greatly affect the price in China.  Wouldn't be surprised to see if it transforms China from the leader to the follower.

[EvilPanda]

This is the stable price. Buy on panics and bad news.

The only reason to ever sell is if Bitcoin itself is broke.

And Bitcoin will not break.

I have to agree people seem very nervous this whole week and the price could go either way but we are close to the bottom. Even today's FUD didn't take it below 700.

what was "todays fud" ... the whole btcchina possibly charging fees now? or something else I missed?

Chinese stock market went down a bit and someone started spreading false news about china banks blocking transfers from btc markets. Day like any other  

[MatTheCat]

$1130. I'm happy. Should get a bag of fiat soon, hopefully before the price rises again.

Here, if you are looking to unload that big bag of worthless Fiat I can do ya Bitcoins for $1030!

Now dat wat I call a bargain!