Next few months are CRITICAL for Crypto Currencies

[JohanM]

When I started with bitcoin in 2010 it was at 0.12$, so at the moment we are 500000% higher...

[EvilPanda]

Agree, some people should chill. Just think for a moment, if you bought 1BTC a month ago you paid ~300$, now after all the ups and downs it's ~700$ so you earned more than 100% in a month! A bank deposit gives you 3% a year. Some of us bought BTC when it was below $100. If btc goes back to that we may start panicking, but now? It's been a constant ride up. You guys are hyping each other by writing bullsh1t and reading bullsh1t written by other whiners.

Writing bullshit? I'm just saying that at present Crypto currency is sliding and sliding fast.... I'm not making it up...it's happening. Yes if you bought at $100 you are in profit .... at present. If you don't call a 65% drop significant then you are living in CCL.... Constant ride up....mmmmm....1250 odd down to 700...

Yes whining about the price drop when it's still much higher than a month ago is bullshit. People who panic because of that are either bitcoin newbies or just greedy. Point is even if you bought at 500 you are still in profit! Yes constant ride up - 2 months ago price was $200, a month ago $300 now $700 or maybe i'm watching different charts  

[mprep]

Agree, some people should chill. Just think for a moment, if you bought 1BTC a month ago you paid ~300$, now after all the ups and downs it's ~700$ so you earned more than 100% in a month! A bank deposit gives you 3% a year. Some of us bought BTC when it was below $100. If btc goes back to that we may start panicking, but now? It's been a constant ride up. You guys are hyping each other by writing bullsh1t and reading bullsh1t written by other whiners.

Writing bullshit? I'm just saying that at present Crypto currency is sliding and sliding fast.... I'm not making it up...it's happening. Yes if you bought at $100 you are in profit .... at present. If you don't call a 65% drop significant then you are living in CCL.... Constant ride up....mmmmm....1250 odd down to 700...

Yes whining about the price drop when it's still much higher than a month ago is bullshit. People who panic because of that are either bitcoin newbies or just greedy. Point is even if you bought at 500 you are still in profit! Yes constant ride up - 2 months ago price was $200, a month ago $300 now $700 or maybe i'm watching different charts  

People are born this way: the more you get, the more you want.

[Blackswan122]

Agree, some people should chill. Just think for a moment, if you bought 1BTC a month ago you paid ~300$, now after all the ups and downs it's ~700$ so you earned more than 100% in a month! A bank deposit gives you 3% a year. Some of us bought BTC when it was below $100. If btc goes back to that we may start panicking, but now? It's been a constant ride up. You guys are hyping each other by writing bullsh1t and reading bullsh1t written by other whiners.

Writing bullshit? I'm just saying that at present Crypto currency is sliding and sliding fast.... I'm not making it up...it's happening. Yes if you bought at $100 you are in profit .... at present. If you don't call a 65% drop significant then you are living in CCL.... Constant ride up....mmmmm....1250 odd down to 700...

Yes whining about the price drop when it's still much higher than a month ago is bullshit. People who panic because of that are either bitcoin newbies or just greedy. Point is even if you bought at 500 you are still in profit! Yes constant ride up - 2 months ago price was $200, a month ago $300 now $700 or maybe i'm watching different charts  

People are born this way: the more you get, the more you want.

Well now it's below $600..... Part of investing is knowing when to exit some or all of what you may have put in earlier...you can always get back in lower... I'm not pretending everything's rosy... I'm just giving newbies my point of view to investing. Technical Analysis isn't new to me... I've been investing for 35 years... People tend to follow the herd... The herd is heading down the riverbank and into a river full of crocodiles... Some won't get out the other side. If it starts to turn again I will post exactly the opposite! I'm not trying to kill Bitcoin or push it's price down. I mine for both PPC and BTC so I haven't given up yet. I will be topping up my holding when I see fit ... But that time is way off in my opinion.

[laowai80]

Just watch for that 670 line, if it's violated and goes to 650, it's short-to-mid-term (a few weeks/months) bear trend.
If price stays above it, we're good.

Ok, the support has been broken, most likely going to test 100-day MA at $400+, if that doesn't hold, then it's all the way down to 200-day MA. Still bullish market long term, but short term prepare for some pain.

[Blackswan122]

Just watch for that 670 line, if it's violated and goes to 650, it's short-to-mid-term (a few weeks/months) bear trend.
If price stays above it, we're good.

Ok, the support has been broken, most likely going to test 100-day MA at $400+, if that doesn't hold, then it's all the way down to 200-day MA. Still bullish market long term, but short term prepare for some pain.

"Still a bullish market longterm"... You have made one fatal mistake in your technical analysis... You forgot to include the market sentiment and what's going on in the real world. Two big things. 1. Governments getting very itchy about a stranger crashing in on their party. 2. China being the first big country to technically pull in the reins... They had 50% of BTC traffic with 50% of traffic slowly falling away... The charts are looking a bit unsupported.

[laowai80]

"Still a bullish market longterm"... You have made one fatal mistake in your technical analysis... You forgot to include the market sentiment and what's going on in the real world. Two big things. 1. Governments getting very itchy about a stranger crashing in on their party. 2. China being the first big country to technically pull in the reins... They had 50% of BTC traffic with 50% of traffic slowly falling away... The charts are looking a bit unsupported.

No fatal mistake, my friend. If something is good, people will always find a way around to get it.
At 100-day or 200-day MA support, it's still a bull market. BTC touched 200-day MA in July and recovered after that, BTC will recover again. Have faith and stay the course.

[Blackswan122]

"Still a bullish market longterm"... You have made one fatal mistake in your technical analysis... You forgot to include the market sentiment and what's going on in the real world. Two big things. 1. Governments getting very itchy about a stranger crashing in on their party. 2. China being the first big country to technically pull in the reins... They had 50% of BTC traffic with 50% of traffic slowly falling away... The charts are looking a bit unsupported.

No fatal mistake, my friend. If something is good, people will always find a way around to get it.
At 100-day or 200-day MA support, it's still a bull market. BTC touched 200-day MA in July and recovered after that, BTC will recover again. Have faith and stay the course.

Ok I have faith.. July was before the real hype and the door slamming. I hope it does rise again but not before I can buy a few more! I will post again when I think its looking like it's going northwards again... If ever :-( thanks for your views....

[laowai80]

There will be more hypes in the future, be sure of that. I hope it goes down to 200-day MA, so I can buy more

[Blackswan122]

Agree, some people should chill. Just think for a moment, if you bought 1BTC a month ago you paid ~300$, now after all the ups and downs it's ~700$ so you earned more than 100% in a month! A bank deposit gives you 3% a year. Some of us bought BTC when it was below $100. If btc goes back to that we may start panicking, but now? It's been a constant ride up. You guys are hyping each other by writing bullsh1t and reading bullsh1t written by other whiners.

Writing bullshit? I'm just saying that at present Crypto currency is sliding and sliding fast.... I'm not making it up...it's happening. Yes if you bought at $100 you are in profit .... at present. If you don't call a 65% drop significant then you are living in CCL.... Constant ride up....mmmmm....1250 odd down to 700...

Yes whining about the price drop when it's still much higher than a month ago is bullshit. People who panic because of that are either bitcoin newbies or just greedy. Point is even if you bought at 500 you are still in profit! Yes constant ride up - 2 months ago price was $200, a month ago $300 now $700 or maybe i'm watching different charts  

People are born this way: the more you get, the more you want.

Well now it's below $600..... Part of investing is knowing when to exit some or all of what you may have put in earlier...you can always get back in lower... I'm not pretending everything's rosy... I'm just giving newbies my point of view to investing. Technical Analysis isn't new to me... I've been investing for 35 years... People tend to follow the herd... The herd is heading down the riverbank and into a river full of crocodiles... Some won't get out the other side. If it starts to turn again I will post exactly the opposite! I'm not trying to kill Bitcoin or push it's price down. I mine for both PPC and BTC so I haven't given up yet. I will be topping up my holding when I see fit ... But that time is way off in my opinion.

Now below $500......Am I still talking bullshit? Norway and Denark now crashing the party too....China now stops companies processing settlements... They have until Chinese New Year...so 31 Jan 2014 to wrap up.

[beetcoin]

i think the next few months are critical as well. in november, BTC truly hit the mainstream and set itself on the radar of world governments. the next 2-3 months we'll see what those governments are thinking.

[trilightzone.org]

Just a little while ago bitcoin was hovering at about 80-110 USD. Then some news flashes got out which were positive for bitcoin and it went sky-high. Keep in mind that part of it is real and a big part currently is still speculators hoping for it to keep going up and cash in. It's still early days to see a trend where it can remain stable or show an average over time

[Blackswan122]

The last $100 blip up was all those yanks with buys set at just below $500...they will wake up andfind they have a S**t load of coins that they will then sell again....driving the price yet further down....It's not looking good is it. I'm just going to hold..... I haven't got my house buried in Bitcoin....just a lawnmower.... I nearly sold all at $900 with a hope of getting in at these levels...but I think the wind has changed altogether...

[Sauzer00]

I keep thinking that this is a good moment to keep buying and keep accumulating, if u have a part of your roll that u can afford to loose.
I got in with 10k€ at 670 now i deposit another 10k and will buy around 400$ and if keep going down will keep buying ... until i reach my personal limit, i mean the amount that i decided to invest maximun in Bitcoin and that i am willing to risk..
And this should be the way of thinking, i mean there are chances to hit the jackpot here so in my opinion it's whort try and keep buying now that the price goes donw.
Being aware that it can keep going down and there is a chance to loose all the money

[EvilPanda]

I keep thinking that this is a good moment to keep buying and keep accumulating, if u have a part of your roll that u can afford to loose.
I got in with 10k€ at 670 now i deposit another 10k and will buy around 400$ and if keep going down will keep buying ... until i reach my personal limit, i mean the amount that i decided to invest maximun in Bitcoin and that i am willing to risk..
And this should be the way of thinking, i mean there are chances to hit the jackpot here so in my opinion it's whort try and keep buying now that the price goes donw.
Being aware that it can keep going down and there is a chance to loose all the money

Not really, it's not going to hit 0$ in few hours. If you observe the market and it hits below 50% of your initial investment it's time to bail out. If it goes up you can always buy back and reclaim some of it. The only way you could lose all is by being careless... or hacked 

[Sauzer00]

I keep thinking that this is a good moment to keep buying and keep accumulating, if u have a part of your roll that u can afford to loose.
I got in with 10k€ at 670 now i deposit another 10k and will buy around 400$ and if keep going down will keep buying ... until i reach my personal limit, i mean the amount that i decided to invest maximun in Bitcoin and that i am willing to risk..
And this should be the way of thinking, i mean there are chances to hit the jackpot here so in my opinion it's whort try and keep buying now that the price goes donw.
Being aware that it can keep going down and there is a chance to loose all the money

Not really, it's not going to hit 0$ in few hours. If you observe the market and it hits below 50% of your initial investment it's time to bail out. If it goes up you can always buy back and reclaim some of it. The only way you could lose all is by being careless... or hacked 

 U dident get my point .. what i was trying to say is that there is a possibility to lose a huge part of your money with Bitcoin, but on the other hand there is a decent opportunity to hit the jackpot and have like a 30-40x from what u invest now .. so i guess that the opportunity it's really good.

[laowai80]

So we bounced off 100-day MA, let's see if that holds.

[EvilPanda]

I keep thinking that this is a good moment to keep buying and keep accumulating, if u have a part of your roll that u can afford to loose.
I got in with 10k€ at 670 now i deposit another 10k and will buy around 400$ and if keep going down will keep buying ... until i reach my personal limit, i mean the amount that i decided to invest maximun in Bitcoin and that i am willing to risk..
And this should be the way of thinking, i mean there are chances to hit the jackpot here so in my opinion it's whort try and keep buying now that the price goes donw.
Being aware that it can keep going down and there is a chance to loose all the money

Not really, it's not going to hit 0$ in few hours. If you observe the market and it hits below 50% of your initial investment it's time to bail out. If it goes up you can always buy back and reclaim some of it. The only way you could lose all is by being careless... or hacked  

 U dident get my point .. what i was trying to say is that there is a possibility to lose a huge part of your money with Bitcoin, but on the other hand there is a decent opportunity to hit the jackpot and have like a 30-40x from what u invest now .. so i guess that the opportunity it's really good.

True, I'm also very positive about BTC. It's really easy to join the fun and leave with a small profit. It jumps +\- $100 or more daily so even if you put in 1k you can earn about 20% in just few hours.

[hilariousandco]

I keep thinking that this is a good moment to keep buying and keep accumulating, if u have a part of your roll that u can afford to loose.
I got in with 10k€ at 670 now i deposit another 10k and will buy around 400$ and if keep going down will keep buying ... until i reach my personal limit, i mean the amount that i decided to invest maximun in Bitcoin and that i am willing to risk..
And this should be the way of thinking, i mean there are chances to hit the jackpot here so in my opinion it's whort try and keep buying now that the price goes donw.
Being aware that it can keep going down and there is a chance to loose all the money

Not really, it's not going to hit 0$ in few hours. If you observe the market and it hits below 50% of your initial investment it's time to bail out. If it goes up you can always buy back and reclaim some of it. The only way you could lose all is by being careless... or hacked  

 U dident get my point .. what i was trying to say is that there is a possibility to lose a huge part of your money with Bitcoin, but on the other hand there is a decent opportunity to hit the jackpot and have like a 30-40x from what u invest now .. so i guess that the opportunity it's really good.

True, I'm also very positive about BTC. It's really easy to join the fun and leave with a small profit. It jumps +\- $100 or more daily so even if you put in 1k you can earn about 20% in just few hours.

Now is a great time to buy in. Just hold it and wait for the price to regain, then sell when you're happy with the profit. Buy now at $600-ish, the sell at $1000 or more. Easy profit.

[tondiego]

We're just in the very beginning of a helluva ride  
If you can read in between lines of lately news regarding BTC. Big things are on the list in the months to come.
Bitcoin can be a game changer in the world's economy.

First countries to fully understand what's going on with Bitcoins can be new world leaders.