Torn between two lovers, Honest opinion please.

[Wandererfromthenorth]

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
 

[1714137178]

1714137178

[lophie]

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......

[lophie]

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.....

[ravenjt]

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.