I have a bad feeling (we might 'never' see this cheap coins again) :(

[8up]

After a long and bumpy decline for almost 14 month, I might be finally wrong with my expectation of coins around $120. -> This would have given me the opportunity to reach my intended bitcoin holdings.

Wish I had bought more at $160. Am I to late to the party?

For some more days I will try to stay calm. No buying, just observing. Something is in the air.

What do you think? How are your feelings at your current dollar (long) vs. bitcoin (long) positions?

[Q7]

Fact is we will never know when is the right time to buy. Even with my gut feeling telling it's "yes" or when the chart and order book volume tell me that "now is the time", eventually it could still be wrong. Anyway, just spread your risk and buy small and have it distribute at different price level. this way you will average out.

[Morecoin Freeman]

Fact is we will never know when is the right time to buy. Even with my gut feeling telling it's "yes" or when the chart and order book volume tell me that "now is the time", eventually it could still be wrong. Anyway, just spread your risk and buy small and have it distribute at different price level. this way you will average out.

Best piece of advice in my opinion.

[stonerider]

This is just a lull in the long march towards $20. There are still outstanding stolen coins in the tens of thousands to be sold. Chinese miners selling their coins as fast they mine them. Merchants unloading coins as fast as they come in. 2014 saw a long decline from 1200 to 200. It won't be as drastic as 2014 but 2015 will see a long decline from 200 to 20.

[srgkrgkj]

however with new money coming in from the US the price is likely to increase,...

[Searing]

This is just a lull in the long march towards $20. There are still outstanding stolen coins in the tens of thousands to be sold. Chinese miners selling their coins as fast they mine them. Merchants unloading coins as fast as they come in. 2014 saw a long decline from 1200 to 200. It won't be as drastic as 2014 but 2015 will see a long decline from 200 to 20.

well assuming you are correct then difficulty will adjust and my asic miners go back on..and my frigging LTC miner will go like hell making coin
also as a result

I started at 150 coin oct 2013 we can go to that and below .....assuming difficulty adjusts...the question at that point then becomes

will? bitcoin survive the bounce to go back to a sustainable (more or less) amount to continue with its acceptance and/or growth....or would it die on the vine?

No idea....but hey I'm holding long term if it wants to bounce way down and come back like it has in the past...i have the miners hitched up and waiting to go

(might be worth it just to see those large data halls 'go bankrupt'...like KNC .....this again assuming Bitcoin does its usual (as in the past) bounce back from the 'dead'

no idea...i placed my bet will see (if it is as dire as $20 coin damn..maybe i should have bought that 550gh jupiter on ebay with shipping for $80 bucks huh?)

wtf it started out as a 'hobby' it can go back ...worse case I will be known as the bitcoin king and have all the bitcoin (much like the current beanie baby king
there was an article about him someplace) ...and/or I could then become a 'tulip farmer' ..endless possiblities bitcoin gives us huh? : )

*hey don't toss stuff at me in bitcointalk 'ducks')

[Giggs]

Why do you have a bad feeling? Surely this is a good thing and if you feel like this just buy some more coins before it happens.

[8up]

Why do you have a bad feeling? Surely this is a good thing and if you feel like this just buy some more coins before it happens.

I'd like to buy more. Will wait for some days until the global picture gets clearer.

[Miz4r]

Buyers are scared to buy because they're still afraid another big dip is coming into the low 100's and they don't want to buy and see their 'investment' cut in half soon after. On the other hand they're also afraid that the price is set to rise very quickly soon and they don't want to miss out on that, so there is a constant tension here which could snap at any moment. We saw a small taste of this during the rise to $300+ earlier, but it was followed quickly by a large dump so we're back to scared buyers and sellers who don't know what to do.

[Wekkel]

I like KISS.



The main trend is still down. The line is now at $350. The recent low is about $150. Bulls need to break that red trend line to change the trend. Meanwhile, bears are looking at $150: can it go lower?

Therefore: continuation between $150-350 until we break either line. Without facts to back it up, my feeling is that buy support is getting stronger and that a retest of $150 may hold. I do not expect breaking the red trend line before May-Sept 2015.

[MatTheCat]

After a long and bumpy decline for almost 14 month, I might be finally wrong with my expectation of coins around $120. -> This would have given me the opportunity to reach my intended bitcoin holdings.

Wish I had bought more at $160. Am I to late to the party?

For some more days I will try to stay calm. No buying, just observing. Something is in the air.

What do you think? How are your feelings at your current dollar (long) vs. bitcoin (long) positions?

What do I think?

I think the above post is an example of some kind of convoluted self-deluding kiddology.

You have been buying Bitcoin all the way down, and are by now seriously underwater. And what you really fear is that we might never see as expensive coins as $250 BTC ever again. Admitting you have 'fears', acts in some way therapeutic for you, but by inverting the nature of those fears, you avoid having to face the stark glaring reality, that you have just made some horrendous investments.

HTH!

[kwukduck]

Lolwut?
Are you watching the charts?
We are still crashing, and it's accelerating as we speak, we will be below $200 within 12 hours probably, big volume of dumps happening and growing.
Very likely to hit $150 upcoming week.

[8up]

After a long and bumpy decline for almost 14 month, I might be finally wrong with my expectation of coins around $120. -> This would have given me the opportunity to reach my intended bitcoin holdings.

Wish I had bought more at $160. Am I to late to the party?

For some more days I will try to stay calm. No buying, just observing. Something is in the air.

What do you think? How are your feelings at your current dollar (long) vs. bitcoin (long) positions?

What do I think?

I think the above post is an example of some kind of convoluted self-deluding kiddology.

You have been buying Bitcoin all the way down, and are by now seriously underwater. And what you really fear is that we might never see as expensive coins as $250 BTC ever again. Admitting you have 'fears', acts in some way therapeutic for you, but by inverting the nature of those fears, you avoid having to face the stark glaring reality, that you have just made some horrendous investments.

HTH!

Maybe you are right with the therapeutic thing.

Since the time of a big loss (Mt. Gox), I have had the goal to restore my original balance. For the last two month I saw this chance in cheaper coins. Now I am not sure anymore, if I will be able to accomplish my goal without trading on a regular basis or investing more - both risks I don't want to take.

BTW: I am far from underwater coins.

[8up]

Lolwut?
Are you watching the charts?
We are still crashing, and it's accelerating as we speak, we will be below $200 within 12 hours probably, big volume of dumps happening and growing.
Very likely to hit $150 upcoming week.

I am quite sure, all of the intelligent people in here (including you) know, that cards are reshuffled atm. I gladly will buy coins for $120! -> My post is all about the feeling, that this will (unfortunately) not happen.

[MatTheCat]

I am quite sure, all of the intelligent people in here (including you) know, that cards are reshuffled atm. I gladly will buy coins for $120! -> My post is all about the feeling, that this will (unfortunately) not happen.

oh it will happen alright.

don't you worry about that.

[8up]

I am quite sure, all of the intelligent people in here (including you) know, that cards are reshuffled atm. I gladly will buy coins for $120! -> My post is all about the feeling, that this will (unfortunately) not happen.

oh it will happen alright.

don't you worry about that.

about what exactly?

[PolarPoint]

Dirt cheap coins is a thing of the past. We will not see sub $100 ever again. The next peak will be well over $1000, the new cheap is $250 which is now. Anyone still on the sidelines needs to reconsider their expectations.

[aztecminer]

Fact is we will never know when is the right time to buy. Even with my gut feeling telling it's "yes" or when the chart and order book volume tell me that "now is the time", eventually it could still be wrong. Anyway, just spread your risk and buy small and have it distribute at different price level. this way you will average out.

when is HAMMER TIME then is time to buy.

[aztecminer]

Buyers are scared to buy because they're still afraid another big dip is coming into the low 100's and they don't want to buy and see their 'investment' cut in half soon after. On the other hand they're also afraid that the price is set to rise very quickly soon and they don't want to miss out on that, so there is a constant tension here which could snap at any moment. We saw a small taste of this during the rise to $300+ earlier, but it was followed quickly by a large dump so we're back to scared buyers and sellers who don't know what to do.

i think that pretty much sums up the bitcoin market. however, because i am in position to grow more if bitcoin goes up or down then is safe to say that bitcoin will trade range bound between 210 and 230 from here on out forever.

[btcxyzzz]

This is just a lull in the long march towards $20.

Are you nuts? 20 $/btc is meaning only 72k $ worth Bitcoins are mined per day. You really think Bitcoin is such weak? No way it's going under 150 $.