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Author Topic: When these sources send prices down, it is a good time to buy  (Read 2337 times)
Elwar (OP)
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December 18, 2013, 08:21:55 AM
 #1

Bloomberg and BusinessInsider are great sources of FUD against Bitcoin.

When people over-react to the news from these sites and drop the price, you can get a lot of cheap coins before more reputable news sources start dissecting the information and show how full of it they are.

It has been fairly consistent for a few months so use this info as you please.

First seastead company actually selling sea homes: Ocean Builders https://ocean.builders  Of course we accept bitcoin.
Paladin69
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December 18, 2013, 08:25:02 AM
 #2

I agree, embrace the volatility.  This is where money can be made quickly.  Day traders are going to have a field day as the new bottom is discovered.
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December 18, 2013, 08:25:39 AM
 #3

Bloomberg and BusinessInsider are great sources of FUD against Bitcoin.

When people over-react to the news from these sites and drop the price, you can get a lot of cheap coins before more reputable news sources start dissecting the information and show how full of it they are.

It has been fairly consistent for a few months so use this info as you please.

Dare you to buy at the moment Smiley
Paladin69
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December 18, 2013, 08:26:31 AM
 #4

Bloomberg and BusinessInsider are great sources of FUD against Bitcoin.

When people over-react to the news from these sites and drop the price, you can get a lot of cheap coins before more reputable news sources start dissecting the information and show how full of it they are.

It has been fairly consistent for a few months so use this info as you please.

Dare you to buy at the moment Smiley

I did.  I got in @ 550 and out at 570 a bunch of coins.  Fun.
empoweoqwj
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December 18, 2013, 08:31:41 AM
 #5

Bloomberg and BusinessInsider are great sources of FUD against Bitcoin.

When people over-react to the news from these sites and drop the price, you can get a lot of cheap coins before more reputable news sources start dissecting the information and show how full of it they are.

It has been fairly consistent for a few months so use this info as you please.

Dare you to buy at the moment Smiley

I did.  I got in @ 550 and out at 570 a bunch of coins.  Fun.

Good for you. Currently down about $50 a coin Wink hope sincerely for a bounce
Elwar (OP)
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December 18, 2013, 08:33:27 AM
 #6

Bloomberg and BusinessInsider are great sources of FUD against Bitcoin.

When people over-react to the news from these sites and drop the price, you can get a lot of cheap coins before more reputable news sources start dissecting the information and show how full of it they are.

It has been fairly consistent for a few months so use this info as you please.

Dare you to buy at the moment Smiley

Already did, hope it drops more so I can buy more.

Buy/Sell   Fees   Price Per Coin   Status   Date
Buy   10,154.59 USD       18.00 BTC   100.69 USD   558.55 USD   PENDING   Dec 18, 2013

First seastead company actually selling sea homes: Ocean Builders https://ocean.builders  Of course we accept bitcoin.
empoweoqwj
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December 18, 2013, 08:35:11 AM
 #7

Bloomberg and BusinessInsider are great sources of FUD against Bitcoin.

When people over-react to the news from these sites and drop the price, you can get a lot of cheap coins before more reputable news sources start dissecting the information and show how full of it they are.

It has been fairly consistent for a few months so use this info as you please.

Dare you to buy at the moment Smiley

Already did, hope it drops more so I can buy more.

Buy/Sell   Fees   Price Per Coin   Status   Date
Buy   10,154.59 USD       18.00 BTC   100.69 USD   558.55 USD   PENDING   Dec 18, 2013

Buying at a high price, and the price dropping is not the definition of profit, sorry to burst your bubble.
Paladin69
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December 18, 2013, 08:35:39 AM
 #8

Bloomberg and BusinessInsider are great sources of FUD against Bitcoin.

When people over-react to the news from these sites and drop the price, you can get a lot of cheap coins before more reputable news sources start dissecting the information and show how full of it they are.

It has been fairly consistent for a few months so use this info as you please.

Dare you to buy at the moment Smiley

Already did, hope it drops more so I can buy more.

Buy/Sell   Fees   Price Per Coin   Status   Date
Buy   10,154.59 USD       18.00 BTC   100.69 USD   558.55 USD   PENDING   Dec 18, 2013

I would put the order in closer to $500.  If it hits that it will bounce up $30-40+
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December 18, 2013, 08:36:40 AM
 #9

Buying in slowly.... bring it on.
Elwar (OP)
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December 18, 2013, 08:37:19 AM
 #10

Bloomberg and BusinessInsider are great sources of FUD against Bitcoin.

When people over-react to the news from these sites and drop the price, you can get a lot of cheap coins before more reputable news sources start dissecting the information and show how full of it they are.

It has been fairly consistent for a few months so use this info as you please.

Dare you to buy at the moment Smiley

Already did, hope it drops more so I can buy more.

Buy/Sell   Fees   Price Per Coin   Status   Date
Buy   10,154.59 USD       18.00 BTC   100.69 USD   558.55 USD   PENDING   Dec 18, 2013

Buying at a high price, and the price dropping is not the definition of profit, sorry to burst your bubble.

Having more BTC is all that matters.

First seastead company actually selling sea homes: Ocean Builders https://ocean.builders  Of course we accept bitcoin.
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December 18, 2013, 08:37:54 AM
 #11

Bloomberg and BusinessInsider are great sources of FUD against Bitcoin.

When people over-react to the news from these sites and drop the price, you can get a lot of cheap coins before more reputable news sources start dissecting the information and show how full of it they are.

It has been fairly consistent for a few months so use this info as you please.

Dare you to buy at the moment Smiley

Already did, hope it drops more so I can buy more.

Buy/Sell   Fees   Price Per Coin   Status   Date
Buy   10,154.59 USD       18.00 BTC   100.69 USD   558.55 USD   PENDING   Dec 18, 2013

Thats beautiful. Very good decision Smiley

SnZN5o2ePUgtr9roQyavBC3r41vz7p63ne
empoweoqwj
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December 18, 2013, 08:39:55 AM
 #12

Bloomberg and BusinessInsider are great sources of FUD against Bitcoin.

When people over-react to the news from these sites and drop the price, you can get a lot of cheap coins before more reputable news sources start dissecting the information and show how full of it they are.

It has been fairly consistent for a few months so use this info as you please.

Dare you to buy at the moment Smiley

Already did, hope it drops more so I can buy more.

Buy/Sell   Fees   Price Per Coin   Status   Date
Buy   10,154.59 USD       18.00 BTC   100.69 USD   558.55 USD   PENDING   Dec 18, 2013

I would put the order in closer to $500.  If it hits that it will bounce up $30-40+

$500 is not a price point. watch and learn.
Paladin69
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December 18, 2013, 08:43:27 AM
 #13

Bloomberg and BusinessInsider are great sources of FUD against Bitcoin.

When people over-react to the news from these sites and drop the price, you can get a lot of cheap coins before more reputable news sources start dissecting the information and show how full of it they are.

It has been fairly consistent for a few months so use this info as you please.

Dare you to buy at the moment Smiley

Already did, hope it drops more so I can buy more.

Buy/Sell   Fees   Price Per Coin   Status   Date
Buy   10,154.59 USD       18.00 BTC   100.69 USD   558.55 USD   PENDING   Dec 18, 2013

I would put the order in closer to $500.  If it hits that it will bounce up $30-40+

$500 is not a price point. watch and learn.

Yep, broke through.  It was a point earlier.  Oh fun randomness.
empoweoqwj
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December 18, 2013, 08:44:41 AM
 #14

I know it looks random, but look around $455 for a resistance point.
Elwar (OP)
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December 29, 2013, 08:42:42 AM
 #15

Another thing to look for in an article is if someone calls it "bit coin" or when they speak of Satoshi they say it could be a group of people (some people cannot fathom an individual being able to create something so big). Actually a lot of focus on Satoshi as opposed to Bitcoin itself usually shows that the writer has no clue.

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December 29, 2013, 09:06:51 AM
 #16

Another thing to look for in an article is if someone calls it "bit coin" or when they speak of Satoshi they say it could be a group of people (some people cannot fathom an individual being able to create something so big). Actually a lot of focus on Satoshi as opposed to Bitcoin itself usually shows that the writer has no clue.

Might be wrong, but i recall reading a relatively convincing article? post? somewhere entertaining that possibility (based on some different language conventions being used -- either a group, or a single individual trying to add some confusion). Can't really say though if there's much merit to that, I admit.

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December 29, 2013, 09:26:46 AM
 #17

I know it looks random, but look around $455 for a resistance point.

Support?

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December 30, 2013, 02:38:28 AM
 #18

I know it looks random, but look around $455 for a resistance point.

Support?

Yes! Thanks for the correction. Though if it did go below $455, $455 would turn into a resistance point Wink

Can't see it happening though. Market looking safe at the moment.
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December 30, 2013, 04:13:40 AM
 #19

If it drops below $455 it would be major trouble. You don't want to see the price go back to then base of the run up.  Looks pretty good in this range unless there's another panic.



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December 30, 2013, 05:14:13 AM
 #20

If it drops below $455 it would be major trouble. You don't want to see the price go back to then base of the run up.  Looks pretty good in this range unless there's another panic.

Agreed.  I don't understand this desire for $300 BTC.  ~$500-$700 is great for the time being. 

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