Yepp, I think we will get lower. I just sold of half of my bitcoins, if it crashes I can buy more, if it rises I only loose 10-20 % depending on when I jump back in with the half.
come to daddy..
That was a quick $5 drop ...
Was that due to the last 5 posts here?
If we get $5 drop because of a few posts then people don't believe that BTC is backed by anything. But are nothing else than a way to earn quick cash... and loosing them twice as fast!
Buckle up boys and girls, check your gear and strap your helmets on
Agreed. In the short term, 120 has proven itself.
Tomorrow. And it is unlikely to be Rally Monday. Be prepared for the Black Monday.
Quoted for tomorrow.
I am ready either way. Bring it on.
And what a Black Monday it is!
Monday is not over yet!
Let's go OT again and WATCH THE WALL!!!
145 just got devoured!
As soon as the lag wears off it's gonna go up. up again. Cheap coins
I got a bad feeling that we got a top at 266, crashed, worked our way up to 165, crashed, worked our way up to 147, crashing... What will the next "high" be? 127? and then a new crash... I hope I'm wrong!
I already increased my amount of coins with 30% since the 266 crash so I'm good on that side. It's the future of BTC that worries me, if people see BTC as a ponzi/pyramid scheme then it wont have any future at all...
I think we all just have to wait. At this point there is no way to know in what direction this will move.
US Government making a move on Bitcoin is inevitable. The telegraphing thereof has already begun. Bitcoin has to survive the tribulation if it wants global adoption. If it doesn't survive, it'll fall into obscurity or be marginalized.
Sadly, I belive this too. Bitcoin have to survive this and become accepted by the common man and the governments . Otherwise all you can do with it is buy weed. Iwant to be able to buy a car with my coins someday.
We are in the "early/pricing" stage of an exponentially growing (later: S-growing) phenomenon. If everything goes as it has done in several bubbles before, the great bubble will form when 1-2% of the population had adopted the technology. For Bitcoin, this means about 50 million adapters that actually use bitcoin for something. This "something" has so far been lagging, though.
I withdrew my prediction for $300 for 2013, but this does not mean that I was sure it will not happen. In 2014 it will happen for sure. Or some 1.5-sigma event happens.
The great moves have been able to push the price up roughly by an order of magnitude. We need 4 such moves and the rest of this year is not long enough time. April-June 2014 is now my target.
Current price I would just buy as much as I can.
Are you expecting at least one 10-fold move this year, though?
I think it is certainly
possible for it
not to happen (in which case this would be a lame year of anything between 500-3000% growth
) but considering:
1. bitcoin adoption rates even now,
2. and the spread of information rate,
3. and the ease of developing Bitcoin-services,
4. and the superiority of bitcoin over all the competitors
5. and the upstartness of altcoins etc etc
Everything points to me a violent upmove once the profit-taking consolidation ends.
