It was fun being bullish for the last few weeks, being surrounded by so much enthusiasm and having high hopes of BTC going to the moon. It was fun believing for a second that we may finally be a part of the wealthy elite thanks to believing in bitcoins early on. But looks like our dreams are coming to an end, at least for now. BTC and LTC is going down HARD. Once that dreaded China rumor turns out to be true, it will go down even faster... probably back to around $200 or less in the next few days/weeks (which is not unusual at all for bitcoin, people seem to forget how incredibly volatile this is). 55 LTC and 15 BTC losing value like it's nothing.... my entire life savings is going down the drain right in front of my eyes.
If you posted this in 2010 I would have agreed with you. Back then, BTC was just a speculative bit of fun. Today its serious business with major players and new ones discovering Bitcoin every day. The day of $100 BTC is well & truly over and will never return again. Let the sellers sell and go invest in something more 'stable' like Apple stock. Let them make their miniscule profits & losses. Bitcoin is changing the worlds money system and you can come along for the ride & long-term make some massive profits, or you can sit back in a world of regret & tell your grandkids one day how you once bought Bitcoin for $1000 but sold out because it dropped $100.
As for me, Im holding, & am off to email some oil sheiks in Arabia to tell them about Bitcoin.
I like you, oldtimer
dude, if you would have bought in when i told you with your $1M (last crash to $650) you would have made a killing when it went back to 900+. life doesnt give you many second chances. if i had a bitcoin for every time i've lost faith in this market i'd have all the coins. this market never ceases to suprise me. it will get back to $1000. maybe not this year, but it will recover.
Then I would have held on to make more money and watch it crash again. It's around $630 right now... good time for you to buy
