What is your end game if BTC crashes overnight?

[bryant.coleman]

Well... we have waited for 4 years (from 2010 to 2014) for the BTC to reach $1,000 from $0.001. Why can't we wait for 4 more years?

[freequant]

It's not the end of BTC, but indeed the recent events should prompt to diversify a bit.
A good way is to do like the venture capitalists do: invest a bit everywhere you can feel some real potential.
Just follow them on twitter: they are generally quite loud about their investment decisions because it's in their best interest to rally investors around businesses they have seeded. These guys have a very acute instinct when it comes to hand picking legit businesses with high potential and they have access to minute details of founders identities and whereabouts.

" These Guys"  LOL I know a lot of them, they drink more than I do! Yeah, Listen & do what they do, We'll help you when your homeless, just a bit LOL 

Ok guys, jesse11 is a name in the valley, and if he tells you venture capitalists are losers who end up drinking cheap table wine under a bridge in San Jose, you bet he rests his case. So do *not* follow venture capitalists or you would end up in misery like Marc Andreessen, you have been warned.

You spoke of Marc Andreessen, a American entrepreneur, investor, software engineer, and multi-millionaire and co-founder of Netscape Communications Corporation. You say he is in misery? Bad Dog! LOL

http://en.m.wikipedia.org/wiki/Irony

[jesse11]

It's not the end of BTC, but indeed the recent events should prompt to diversify a bit.
A good way is to do like the venture capitalists do: invest a bit everywhere you can feel some real potential.
Just follow them on twitter: they are generally quite loud about their investment decisions because it's in their best interest to rally investors around businesses they have seeded. These guys have a very acute instinct when it comes to hand picking legit businesses with high potential and they have access to minute details of founders identities and whereabouts.

" These Guys"  LOL I know a lot of them, they drink more than I do! Yeah, Listen & do what they do, We'll help you when your homeless, just a bit LOL 

Ok guys, jesse11 is a name in the valley, and if he tells you venture capitalists are losers who end up drinking cheap table wine under a bridge in San Jose, you bet he rests his case. So do *not* follow venture capitalists or you would end up in misery like Marc Andreessen, you have been warned.

You spoke of Marc Andreessen, a American entrepreneur, investor, software engineer, and multi-millionaire and co-founder of Netscape Communications Corporation. You say he is in misery? Bad Dog! LOL

http://en.m.wikipedia.org/wiki/Irony

LLOOOLLL 

[epere]

i bought more overnight.

[jesse11]

Good for you epere, now just hang on to them & wait 

[magnet007]

is it the right time to buy btc?
Any advice?

[acoindr]

LOL this looks like a Ripple pump/promo in disguise. A lot of people sure seem to have an interest in selling Ripple, rather than letting people figure its worth on its own merit as happened with Bitcoin.

Thankfully, it looks like Open Transactions will completely negate the need for Ripple.

[jesse11]

is it the right time to buy btc?
Any advice?

Should I say Doh or Dohhhhh   LOOOLLLL

[Beliathon]

If bitcoin dies all other crypto currencies will die including ripple.

Yep. People just don't get it... no one would ever trust a crypto again.

Not that this is even a remote possibility.

[Beliathon]

bitcoin does not crash overnight.  If it gets to under $50 I will sell my house and buy what I can.  Fundamentally nothing has changed.  The banks are still corrupt.  They still remain printing fiat to the point of worthlessness.  I own 50% bitcoin 50% altcoin.  

You sound smart. Which altcoins have you diversified into?

My contribution to thread: Dead dollar walking. Every American should watch this.

[Spoetnik]

ask Richard Branson or or o ror ororororororooror

answer ? buy more..

Ripple ? ROFL

edit:
i just looked and it hit $410 now by the way guys..

edit 2:
and i also just logged into Cryptsy and looked at my saved alts and like the last 24 hrs i checked they are down again
i had 1.05 BTC worth i mostly bought about 2 weeks ago and its at 0.69 now while the coins i mine and add seem to make no difference ..down down down down down we go

there is sooooo much dumping going on the buyers can't keep up we're still sinking like a fucking rock
I have lost a savage fuck load of money last couple months

[Nxtblg]

. I've watched this market for about 2 years and it has never done this. When it would crash before it would jump right back. Now it's just a steady decline, followed by a steep decline, followed by more steady decline. 

Sounds like the last half of 2011, when Bitcoin was driven from $25 in July or so to $2 by the end of the year. The driver for that collapse was Mt. Gox being hacked. What a surprise. 

[Amph]

is it the right time to buy btc?
Any advice?

i think it will go lower, 200-300 range

[Nxtblg]

and i also just logged into Cryptsy and looked at my saved alts and like the last 24 hrs i checked they are down again
i had 1.05 BTC worth i mostly bought about 2 weeks ago and its at 0.69 now while the coins i mine and add seem to make no difference ..down down down down down we go

I'm down a fair bit myself, but I'm not sweating it. Trying to pick the precise bottom is a fool's errand, anyway.

But it does have an effect on the nerves. If you buy in thinking you've hit the bottom only to see the thing fall further, it primes you to "relief sell" when it recovers instead of riding it all the way back up. Lots of people have relief-sold themselves out of huge long-term gains simply because they're edgy from the dark times. I've done so myself with one stock I'll never forget 

That's why I don't really regret not having bought Bitcoin back in July of 2011 when it was $13. Given my inclinations - my limitations, really - I would have rode it all the way down to $2 and cashed out when it rallied up to $20.

That's just part of human nature: it even explains why cults form around highly speculative vehicles. You have to be a bit "culty-minded" to hold on for the long term when your reflexes tell you that a bird in the hand is worth X in the bush.

[ReBoRn]

is it the right time to buy btc?
Any advice?

i think it will go lower, 200-300 range

if its going like this then I will be crush badly and cannot survive for long time 

[BitOnyx]

It's not the end of BTC, but indeed the recent events should prompt to diversify a bit.
A good way is to do like the venture capitalists do: invest a bit everywhere you can feel some real potential.
Just follow them on twitter: they are generally quite loud about their investment decisions because it's in their best interest to rally investors around businesses they have seeded. These guys have a very acute instinct when it comes to hand picking legit businesses with high potential and they have access to minute details of founders identities and whereabouts.

" These Guys"  LOL I know a lot of them, they drink more than I do! Yeah, Listen & do what they do, We'll help you when your homeless, just a bit LOL 

Ok guys, jesse11 is a name in the valley, and if he tells you venture capitalists are losers who end up drinking cheap table wine under a bridge in San Jose, you bet he rests his case. So do *not* follow venture capitalists or you would end up in misery like Marc Andreessen, you have been warned.

You spoke of Marc Andreessen, a American entrepreneur, investor, software engineer, and multi-millionaire and co-founder of Netscape Communications Corporation. You say he is in misery? Bad Dog! LOL

http://en.m.wikipedia.org/wiki/Irony

hahaha xD

[HCLivess]

Well I dont know what makes me happier? Is it a 10 000$ bitcoin or a 1$ bitcoin?

[dustint]

Bitcoin will have downward pressure until the middle of the month then it will start its rebound.  Now is a good time to start averaging back in.

[g4c]

is it the right time to buy btc?
Any advice?

i think it will go lower, 200-300 range

@Amph,

I think you are wrong, Of course I am not 100% certain of this, but I am sure enough to wager you:

Care to place a bet on this sir?

We can use an escrow that we agree upon.

An even money bet:

Min bet size 0.01 BTC

Max bet size 1.00 BTC

If you are BTC poor then we can use cash, I'm flexible:

Min bet size $5 USD

Max bet size $500 USD

we will use this price: https://bitcoinaverage.com/#USD

If Bitcoin price goes <=$300 between now and the 1st June 2014 12:00:00 UTC you get the pot.

If Bitcoin price remains >$300 between now and the 1st June 2014 12:00:00 UTC I get the pot.

you have 7 days to place your bet.

You talk the talk, but will you walk the walk?

[bluedude]

Bitcoin has a very bright future, so these price fluctuations shouldnt really matter in the long run.