thedarksun (OP)
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December 21, 2013, 02:38:14 PM |
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Is it?
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merockstar
Full Member
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Activity: 203
Merit: 100
BTS: merockstar420
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December 21, 2013, 02:39:09 PM |
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If you hold patiently, you'll see higher prices than you bought at.
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OC19850520
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December 21, 2013, 02:42:43 PM |
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Is it?
Look at historical Bitcoin price graphs, it might take one year for this happen and I believe Bitcoin will grow in popularity and merchant support
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Holdaaja
Legendary
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Activity: 1274
Merit: 1000
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December 21, 2013, 02:43:51 PM |
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With btc, I'm 100% sure it will go back up. Ltc, maybe it get up on wing of btc, but cant be sure.
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ellaatki
Newbie
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Activity: 11
Merit: 0
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December 21, 2013, 02:44:00 PM |
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we have to wait it out.
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Zenchen
Newbie
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Activity: 44
Merit: 0
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December 21, 2013, 02:45:27 PM |
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Just hold & forget your BTCs in 2-3 years. Btc will be $5000 next 2 years
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Lambo06
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December 21, 2013, 02:48:31 PM |
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will go back up..
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Scott J
Legendary
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Activity: 1792
Merit: 1000
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December 21, 2013, 02:50:23 PM |
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Logarithmic scale chart may help your worry.
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thedarksun (OP)
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December 21, 2013, 02:58:42 PM |
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Is it?
Look at historical Bitcoin price graphs, it might take one year for this happen and I believe Bitcoin will grow in popularity and merchant support So I'll have to wait a year before I will potentionally make any gain on my investment? Great.
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Mikcik
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December 21, 2013, 03:00:34 PM |
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wait it out, i bought at the last bubble, almost at top (top was 266, i bought when it way 233) and it when to 70 i belive and then i stabilizied around 100 dollars for several months... So i lost almost 60% of my money, but i just waited and now im (and always been even with the recent crashes) in green numbers
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AirFlame
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December 21, 2013, 03:06:40 PM |
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Well i think after new year the btc will go up remember christmas is now. Btw same here bought the BTC when they was at the top and crash But i am keeping them Loosing money is not an option !
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Don C
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Merit: 0
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December 21, 2013, 03:59:08 PM |
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overstock.com announces it will be implementing bitcoin option for check out in second quarter of 2014. great progress for btc.
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Whoisthelorax
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December 21, 2013, 10:48:57 PM |
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like it was said above, look at multiyear chart for bitcoin. Down cycles are a part of investment. still lots of room to grow.
Diversify into different coins that you think are sturdy, have developers actively working on the coin and promotion, etc. Don't put in more than you can afford to lose.
If the stress of watching red numbers bothers you, and you don't plan on selling any time soon, take a week off and dont look at the charts.
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scrypty
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December 22, 2013, 01:31:58 AM |
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My Philosophy with bitcoin is that it could end up worth $100-000 - $1M per coin, but there is a real chance it will be worth zero in a years time. I put in enough that I won't kick myself if 1BTC would let me buy a house a few years down the track, but little enough that it ends up worth zero I have no regrets. Its definitely requires a long term approach - sit and hold or dollar cost average. Be totally prepared to lose the lot.
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Mystery-Man
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December 22, 2013, 01:35:27 AM |
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Remember, as with any investment, the money is never lost unless you sell it. Bitcoin is notorious for its price fluctuations and given time and community support it will go up again.
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c3124630drdrbcom
Newbie
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December 22, 2013, 01:38:52 AM |
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How much did you invest if you don't mind me asking?
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jonanon
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December 22, 2013, 01:40:29 AM |
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I think you just need patience and a strong nerve!
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scarlez
Newbie
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Activity: 14
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December 22, 2013, 01:54:52 AM |
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I've felt same thing on my own skin. I had lot's of LTC and watching charts going up and down made me sell them. Best thing is to just watch it 1 time in a month or less. Buy low, hold it !
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Rofo
Legendary
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Activity: 1232
Merit: 1000
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December 22, 2013, 02:09:30 AM |
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Keep calm and hold strong..
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maurya78
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December 22, 2013, 02:25:24 AM |
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Give it time and you will be fine
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