Time to go back up guys!!

[WagerBTC]

I can happily say I got in at 556 via coinbase...

Hope others were able to pick up some more coins at these prices =D

[CryptoNames]

Lets not count our bitcoins before their confirmations..... 

[tubbyjr]

Congrats on entering a good ol' bull trap. Although I don't know if that was coinbase's bottom, I don't use that price that charges a premium to screw you over.

[Cyberlight]

soon...

[Sage]

We'll need to see a quiet period before another run.

Still much more downside in both Litecoin & Bitcoin to go.  Thank goodness for all this bad news.  I got orders to get filled.

[theonewhowaskazu]

Im waiting for the Gox price to crash to $10 so the $10 I have left over in gox since 2011 as a "wtf lets hope for a glitch buy 1000 at $0.10" turns into an entire coin.   Unfortunately, I doubt that gox will ever give me that coin if it ever crashes that low.

But if it does, At THAT point, I'll party xD

[efarah2549]

I'm going to hold off on getting excited until people start reporting Coinbase is cancelling for 'high risk transaction'

[Edward50]

I'm just glad I sold all my bitcoins in the $800's. I probably won't even consider buying until it stays at a price range for at least a week.

[theonewhowaskazu]

I'm going to hold off on getting excited until people start reporting Coinbase is cancelling for 'high risk transaction'

ahahahahaha so right.

[MatTheCat]

I'm just glad I sold all my bitcoins in the $800's. I probably won't even consider buying until it stays at a price range for at least a week.

Yeah...absolutely no rush to get into Bitcoin right now.

Once again, Bitcoin has rebounded of an absolute school-boy price level. $540. So obvious it's unreal (nope, I never entered the market and made money of it). Either Bitcoin consolidates at 600 range (I don't believe it for a minute) or next bit of serious whiplash action will be at $380......

.....now for a slice of $380 bounce action, I may break my recent stance on sitting out of Bitcoin until trend reversal is confirmed.......should be some serious up action if/when this price level is hit.

[chesthing]

I hope you're right, I let $550 go and am now thinking that may have been the bottom. If I missed again it's just par for the course for my incredible trading skills.

[Sage]

I'm just glad I sold all my bitcoins in the $800's. I probably won't even consider buying until it stays at a price range for at least a week.

Yeah...absolutely no rush to get into Bitcoin right now.

Once again, Bitcoin has rebounded of an absolute school-boy price level. $540. So obvious it's unreal (nope, I never entered the market and made money of it). Either Bitcoin consolidates at 600 range (I don't believe it for a minute) or next bit of serious whiplash action will be at $380......

.....now for a slice of $380 bounce action, I may break my recent stance on sitting out of Bitcoin until trend reversal is confirmed.......should be some serious up action if/when this price level is hit.

No worries MatTheCat, the market won't take off without a quiet period first... but make no mistake about it, it's going to take off again.

But having said that, now's the time to be progressively buying in if you want the best price.

The market always over corrects to the downside before it finally settles into its quiet period base.  The high probability play is to wait for that base to form, then start buying in.  The base will always be slightly higher then it's lowest crash price.  But the time to get the cheapest price is to buy during the panic crash... when all the news is bad... when all the lemmings are selling (as in now).

[NWOreptilian]

I hope to god 550 was the bottom for now. I've been buying between 620-670 the past two days. Was not willing to pitch more fiat towards BTC unless it crossed below 450 a la December's shenanigans.

[chesthing]

That was great timing, but if you had bought on Bitfinex you could have dumped them the next day for over $700. With Coinbase, you won't get the coins till tomorrow, which really sucks right about now. Coinbase 4 bus day wait is brutal.

[NWOreptilian]

I bought a few too many coins at 670. bite the bullet at 580.

I'll be back....hopefully the coins will be dirt cheap

and I'm sorry, but if 550 was the floor, I wouldn't have sold. These coins are going to drop drop drop.

[MOB]

Why not just use Bitstamp and have them instantly at that same price ~$550?

[chesthing]

Yes, Bitstamp or Bitfinex are the way to go. Coinbase is good for transfers, buying and holding, selling, or using it for a mining address. For speculating it's a turd. The OP almost made it, who knows how low it will go overnight.

[DrBitcoin]

I had a limit order at $799...then I lowered it to $650...then $600... Then $550... I just lowered it to $425.

I wish you luck, but something tells me that $550 is not the bottom.

My gut tells me we are heading for $300-$400 range by next week. I'm going to hold off for now.

I have a 10 coin buy order at $120 on Coinbase. One can hope  

[MatTheCat]

I can happily say I got in at 556 via coinbase...

Hope others were able to pick up some more coins at these prices =D

BWAHAHAHAHAHAHAHAHA

MUG.

Seriously. By this time 2moro they are going to be expensive coins, we have hit $540, where I expected there to be at least 'a reaction' but it looks like Bitstamp is going to grind right down through this range. Next support level beyond that is $380.

[wayneyoyo]

I'm just glad I sold all my bitcoins in the $800's. I probably won't even consider buying until it stays at a price range for at least a week.

thats a very good idea , how many coin you sold ?