How Much Lower are We Going? Already at $2.25 !!!

[StewartJ]

Just curious as to your thoughts on this recent decline in trading price.

Manipulated? Bound to happen, nature of Bitcoin?  Are we heading to $1.00 BTC soon 

Thanks for your insights.

SJ

[notme]

Belongs in speculation.

[tvbcof]

Just curious as to your thoughts on this recent decline in trading price.

Manipulated? Bound to happen, nature of Bitcoin?  Are we heading to $1.00 BTC soon 

Thanks for your insights.

SJ

I've no idea, and doubt that more than a few people really do.  I'm planning to double down one more time if we get deep into the 1.xx range and have the ammo on-line to do so.  So I kinda hope that we do but will live either way.  I would feel much better about a rally if we do get well below the bottom at $2.04 from a month ago (even though I have little interest in or knowledge of technical analysis.)

[StewartJ]

Just curious as to your thoughts on this recent decline in trading price.

Manipulated? Bound to happen, nature of Bitcoin?  Are we heading to $1.00 BTC soon 

Thanks for your insights.

SJ

I've no idea, and doubt that more than a few people really do.  I'm planning to double down one more time if we get deep into the 1.xx range and have the ammo on-line to do so.  So I kinda hope that we do but will live either way.  I would feel much better about a rally if we do get well below the bottom at $2.04 from a month ago (even though I have little interest in or knowledge of technical analysis.)

I am in the same boat. Try to follow the smarties in here for their recommendations, but the bottom line is I think I secretly wish for $1 btc, then I will go in big and long.

[RyNinDaCleM]

... but the bottom line is I think I secretly wish for $1 btc, then I will go in big and long.

That's the way to "swing"!

I can't wait for lower prices! Ima buy'em ALL. Or at least try to!

[Sitarow]

Get them while their hot HOT!

[mjcmurfy]

Get them while their hot HOT!

Be careful you don't get burned...

[Sitarow]

Pet Rock Anyone? (NMC)

[gewure]

3 targets for me:

1.77 BUY
1.54 Strong BUY
1.24 super Strong BUY

i don't think it will go any deeper than 1.24 at no time. everyone is talking agbout the 1-mark, so i doubt it will ever reach it, cause everybodsy will buy like mad if it should even only touch 1.1

100% speculation, i mostly use s3020 suggestions on elliot waves.

[Crypt_Current]

Pet Rock Anyone? (NMC)

Personally I believe NMC has as much or greater real-world use potential as BTC.  I think the idea of a decentralized naming system is revolutionary and amazing, and could enable the concept of smart property.

As to the OP, I'm currently betting on $1.65.

[Crypt_Current]

3 targets for me:

1.77 BUY
1.54 Strong BUY
1.24 super Strong BUY

i don't think it will go any deeper than 1.24 at no time. everyone is talking agbout the 1-mark, so i doubt it will ever reach it, cause everybodsy will buy like mad if it should even only touch 1.1

100% speculation, i mostly use s3020 suggestions on elliot waves.

I think you mean S3052    But yes, me too, and I have been very satisfied lately.

[StewartJ]

100% speculation, i mostly use s3020 suggestions on elliot waves.

Could you elaborate on the s3020 / waves thing? Was this posted on this Forum?

Thanks!
SJ

[silverfuture]

Pet Rock Anyone? (NMC)

Personally I believe NMC has as much or greater real-world use potential as BTC.  I think the idea of a decentralized naming system is revolutionary and amazing, and could enable the concept of smart property.

As to the OP, I'm currently betting on $1.65.

agreed

[adamstgBit]

Pet Rock Anyone? (NMC)

Personally I believe NMC has as much or greater real-world use potential as BTC.  I think the idea of a decentralized naming system is revolutionary and amazing, and could enable the concept of smart property.

As to the OP, I'm currently betting on $1.65.

agreed

disagreed,

it will Never go below 2$.

[silverfuture]

Pet Rock Anyone? (NMC)

Personally I believe NMC has as much or greater real-world use potential as BTC.  I think the idea of a decentralized naming system is revolutionary and amazing, and could enable the concept of smart property.

As to the OP, I'm currently betting on $1.65.

agreed

disagreed,

it will Never go below 2$.

I should have specified I was agreeing with the view on NMC as an idea, not BTC price.

[finway]

I'll keep my mined coins, another buying strategy.

[molecular]

Just curious as to your thoughts on this recent decline in trading price.

Manipulated? Bound to happen, nature of Bitcoin?  Are we heading to $1.00 BTC soon 

Thanks for your insights.

SJ

It's not going below $1 for more than an hour this year, is my prediction. Why? because there is insane support at $1. How do I know? Because many people (me too) say they would buy at $1 very big and I believe them.

I think bitcoin is undervalued. The market should normally take into consideration future expectation. Bitcoin is very high risk, but the reward in case it becomes widely used even within just a sector or certain populous is extreme. Todays uncertain times should free some FIAT looking for places to go.

Maybe such high risk is just not a popular place in fearful times.

Maybe bitcoins trust got damaged more heavily than I thought by the bad news since June.

As far as "fundamentals" go: it seems the economy is not growing rapidly yet, but look at all the developments on the technical side and infrastructure support businesses popping up, exchanges professionalizing. The infrastructure is being built and remember: we're still in the "initial big inflation" phase. This all takes time, but it happens.

I'm not trying to talk the price up, but it might well be that "Q4 2011" will be used in sentences like: "Early adopters that got into bitcoin in Q4 2011". Don't miss out

[molecular]

Pet Rock Anyone? (NMC)

Personally I believe NMC has as much or greater real-world use potential as BTC.  I think the idea of a decentralized naming system is revolutionary and amazing, and could enable the concept of smart property.

As to the OP, I'm currently betting on $1.65.

.bit is cool, no doubt.

However: I somehow doubt it will ever find it's place in widespread use, because there is just not enough incentive. The current system, however flawed, works well enough for most. And the fears some have about lack of freedom and/or too much control over the names are too abstract and far out for most to have large scale effect. Also: adoption of .bit by big providers seems unlikely... why should they? Without that, I don't see widespread adoption either.

And also: The world will have a SCREAMING NEED for SOUND MONEY very SOON. Bitcoin (as well as NMC) _is_ sound money. That need is far greater and more important than a good decentralized system to lookup ip addresses. So if BTC has usefulness 1.0, NMC has usefulness 1.00000000001. So what you say is true, NMC has greater real-world use potential than BTC. However, as I just explained, that is largely irrellevant: BTC clearly has the first-mover advantage and there can only be one big currency like this. So unless one of the OtherCoins offers some really useful innovation, the internet currency will be called Bitcoin.

[molecular]

3 targets for me:

1.77 BUY
1.54 Strong BUY
1.24 super Strong BUY

i don't think it will go any deeper than 1.24 at no time. everyone is talking agbout the 1-mark, so i doubt it will ever reach it, cause everybodsy will buy like mad if it should even only touch 1.1

100% speculation, i mostly use s3020 suggestions on elliot waves.

I think you mean S3052    But yes, me too, and I have been very satisfied lately.

Have you guys subscribed to his investment letter?

[molecular]

Pet Rock Anyone? (NMC)

Personally I believe NMC has as much or greater real-world use potential as BTC.  I think the idea of a decentralized naming system is revolutionary and amazing, and could enable the concept of smart property.

As to the OP, I'm currently betting on $1.65.

agreed

disagreed,

it will Never go below 2$.

Not even for a minute?