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Author Topic: Torn between two lovers, Honest opinion please.  (Read 1592 times)
Wandererfromthenorth
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October 04, 2014, 10:34:03 AM
 #21

We dropped 26% in the past 4 weeks, we have risen and fallen even faster in the past, in this small and emotional economy it's hard to tell what will happen in a few days, extreme price fluctuations are a real thing here.

Currently i feel there is a very negative sentiment. But that could just be because of all the troll posts..

I think we may check around 266 but i have to say it completely baffles me why anyone would sell that low considering the scarcity of btc and difficulty to mine them. Infrastructure growth and adoption are at an ever increasing rate.

This is just panic selling. I suspect we will recover to 400-500 soon and hang around there for a bit.

This.

+1 BTW: there are LOTS of shorts atm.
But the vast majority of BTC being dumped though this months long downtrend is real actual BTC being sold off not shorts. Look at the Bitfinex data http://www.bfxdata.com/combined/btc.php
 
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lophie
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October 04, 2014, 10:37:05 AM
 #22

We dropped 26% in the past 4 weeks, we have risen and fallen even faster in the past, in this small and emotional economy it's hard to tell what will happen in a few days, extreme price fluctuations are a real thing here.

Currently i feel there is a very negative sentiment. But that could just be because of all the troll posts..

I think we may check around 266 but i have to say it completely baffles me why anyone would sell that low considering the scarcity of btc and difficulty to mine them. Infrastructure growth and adoption are at an ever increasing rate.

This is just panic selling. I suspect we will recover to 400-500 soon and hang around there for a bit.

This.

+1 BTW: there are LOTS of shorts atm.
But the vast majority of BTC being dumped though this months long downtrend is real actual BTC being sold off not shorts. Look at the Bitfinex data http://www.bfxdata.com/combined/btc.php
 

Ouch this is really a thing to consider......

Will take me a while to climb up again, But where is a will, there is a way...
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October 04, 2014, 01:44:19 PM
 #23

And again as I was tempted to buy at $350 and just waiting for tomorrow's dip.... the price falls to $330 (BTC-E)..........

Now I am really torn to wait or buy... I also do not see the price falling any lower but it is, Maybe if I buy now... it will go even lower....

The exchanges are imploding.....

Will take me a while to climb up again, But where is a will, there is a way...
ravenjt
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October 04, 2014, 02:03:34 PM
 #24

You have to decide whether you believe some serious buyers are about to cash in on muchmuch cheaper coins, or whether demand has dried up and serious panic selling is about to begin.
If the former, then get in now. Otherwise wait.
oblivi
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October 04, 2014, 03:47:41 PM
 #25

Hi guys,

I have sold a decent amount of Bitcoins at $400 to buy back at $350. Now the time is here and I am thinking of waiting a little bit longer. The weekend is nigh, But it might be the last weekend before the rend upward /:.

I realize that currently if I consider my initial decision, That I am moved by greed and not rationale. But if I buy this week and it keeps on down-trending for 3-4 weeks, I consider it a loss, personally.

What do you guys think? $350+ in 3-4 weeks? a pure speculative question either you want to share your rationale with us or not.


p.s. $560k people and $100 people are just trolls and not invited in this gentlemen conversation, thank you.

Why you rule out 100? It may seem ridiculous but who knows, im considering all scenareos. I think it will go lower than we can expect, BUT long term its a big UP. Maybe I am wrong and will lose all my coins value but it just makes sense this gets adopted gradually this year into next - then 2016 its goes everywhere! like 98-99' Internet adoption curve! One thing is clear. The upside potential is huge but if BTC is not accepted then the value collapse. Its all or near nothing with investing in Bitcoins. If people don't use it - its worthless :-)

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