Is it going up or down???

[ibrahim11]

Hi, I am a bit confused. On gox a few days ago it was $455. I missed that chance to buy as I was busy. Currently it has shot up to $684! Is it going to go down in correspondence with the BTCChina situation.

[Xer0]

no its hodling its level!

[tunctioncloud]

This is million dollar question

Personally I think the price will go bit down

[DubFX]

I expect it to go down till 2014 and at the start of the 2014 go all the way up!

[zoinky]

It's going up and then down and then up and then down and then up and then down...

[guybrushthreepwood]

It's going up down and 'round and around.

Seriously, I'd say it's on its way slowly up now.

[adamstgBit]

lol

who the hell knows

[fallinglantern]

Yes.

[tdenisenko]

Remember latest stable price? Around 550's.
So even without China in the game the stable price should be much lower, I expect 400's so I think it will go down soon

[dg2010]

Yes.

It's an indicator that it took 7 replies before someone hit the nail on the head.

The answer is yes, it will go up and it will go down. What are you doing investing in bitcoin if you have to ask a question line that?

You want some guys on the forum to tell you that it's going up so you can buy and turn a profit? save your money and the heartache or fix up your trading strategy.

You clearly shouldn't be trading short term, so the only question you have to ask yourself is, do you believe in bitcoin? If yes, invest something you can afford to lose and leave it for 12 months. Don't even bother checking the price movements because it's pointless. If not, then step away from the keyboard and forget about bitcoin.

[MAbtc]

Don't even bother checking the price movements because it's pointless.

I couldn't possibly disagree more. Fuck buy and hold during these times.

[dg2010]

Don't even bother checking the price movements because it's pointless.

I couldn't possibly disagree more. Fuck buy and hold during these times.

Very simplistic view you are taking there, in your case yes maybe, it depends really at what stage you got in at and the level of your exposure and what you can afford to lose etc..

The main point is that if the guy has to ASK the question he's probably not capable of executing any sort of worthwhile trading strategy in the short term so in his particular case it's probably better to make a long term bet on BTC and only invest what you can afford to lose.

I've been buying and selling all damn day, my trading volume has gone through the roof. 50% of my coin is in long term storage. The other 50% I'm trading with. Though I'm mostly out at the moment, it's been far too stable for me the last few hours so I can't call it either way. A few wild swings is what I like

[BittBurger]

He's a "day trader".  All he does is buy, sell, buy, sell  "Holding" isn't in his vocabulary.  Best advice possible right now is:   Do nothing and hold.

[MAbtc]

He's a "day trader".  All he does is buy, sell, buy, sell  "Holding" isn't in his vocabulary.  Best advice possible right now is:   Do nothing and hold.

I have some cold storage for holding. Why would I hold everything in a market with swings like this? Again, best advice for some... maybe...