Why are newbies agreeing on a low that has almost no chance of happening again.
Bitcoin will continue to improve, untill reaching stability levels, maybe above 50$.
Actually I disagree; BTC rose from $50 to $140 in less than a week, that is 280% increase (!).
I think it will at least rise to $200 again so everybody who bought from the panic-sellers 2 weeks ago can cash their profits and then we will face another DDOS so everybody will panic-sell again and this will repeat a couple times.
The real big underground players are orchestrating this up and downs to maximize their profits.
My advice is to just buy as much as you can when BTC gets $70 or lower and keep waiting till it hits $200 again.
You can just put a limit buy order on bitstamp.net and install the Bitcoinum app on your smartphone to alert the ceiling range so you always know when you can sell best.
but I doubt we will see single digits again !
I knew it would go up very high, but did not realize how strong the run would be. anyone who thinks bitcoin is dropping ought to reconsider with what reasoning they are using to make that judgement?
I believe that you are right, this can't really be compared to other ways of trading as this is something fairly unique. I think this is a great experiment and hopefully it will turn out to be more than just an experiment.
