It's time to buy, not to sell - page 2.

EvilPanda

hero member

Activity: 658

Merit: 500

Small Red and Bad

Quote from: GenTarkin on December 16, 2013, 11:52:45 AM

Quote from: EvilPanda on December 16, 2013, 10:15:27 AM

Quote from: Elwar on December 16, 2013, 09:47:30 AM

This is the stable price. Buy on panics and bad news.

The only reason to ever sell is if Bitcoin itself is broke.

And Bitcoin will not break.

I have to agree people seem very nervous this whole week and the price could go either way but we are close to the bottom. Even today's FUD didn't take it below 700.

what was "todays fud" ... the whole btcchina possibly charging fees now? or something else I missed?

Chinese stock market went down a bit and someone started spreading false news about china banks blocking transfers from btc markets. Day like any other Grin

BitchicksHusband

sr. member

Activity: 378

Merit: 255

Quote from: GenTarkin on December 16, 2013, 11:52:45 AM

Quote from: EvilPanda on December 16, 2013, 10:15:27 AM

Quote from: Elwar on December 16, 2013, 09:47:30 AM

This is the stable price. Buy on panics and bad news.

The only reason to ever sell is if Bitcoin itself is broke.

And Bitcoin will not break.

I have to agree people seem very nervous this whole week and the price could go either way but we are close to the bottom. Even today's FUD didn't take it below 700.

what was "todays fud" ... the whole btcchina possibly charging fees now? or something else I missed?

BTCChina charging fees and no longer allowing Alibaba and Tencent isn't FUD. That's huge legitimate news that will greatly affect the price in China. Wouldn't be surprised to see if it transforms China from the leader to the follower.

GenTarkin

legendary

Activity: 2450

Merit: 1002

Quote from: EvilPanda on December 16, 2013, 10:15:27 AM

Quote from: Elwar on December 16, 2013, 09:47:30 AM

This is the stable price. Buy on panics and bad news.

The only reason to ever sell is if Bitcoin itself is broke.

And Bitcoin will not break.

I have to agree people seem very nervous this whole week and the price could go either way but we are close to the bottom. Even today's FUD didn't take it below 700.

what was "todays fud" ... the whole btcchina possibly charging fees now? or something else I missed?

GenTarkin

legendary

Activity: 2450

Merit: 1002

Quote from: Dafar on December 16, 2013, 11:10:05 AM

Wow... every time I buy BTC the prices goes DOWN the next day.

Bought in for the first time at $670..... price went down to $550 the next day

Bought some 2 weeks ago at $770..... went down the next day to sub $500s

Bought some yesterday for $880...... goes down today at $750

Bought LTC for the first time yesterday for $31...... now it's around $28... Fuck

I mean I'm not scared (yet) and I'm sure it will all rise... but damn, I seem to bring bad luck. Could have saved a lot of money if I only waited a day.

I got the same damn luck, which is why I dont trade =P

Ibian

legendary

Activity: 2268

Merit: 1278

Quote from: GigaCoin on December 16, 2013, 10:23:18 AM

Quote from: EvilPanda on December 16, 2013, 10:15:27 AM

Quote from: Elwar on December 16, 2013, 09:47:30 AM

This is the stable price. Buy on panics and bad news.

The only reason to ever sell is if Bitcoin itself is broke.

And Bitcoin will not break.

I have to agree people seem very nervous this whole week and the price could go either way but we are close to the bottom. Even today's FUD didn't take it below 700.

i would imagine specially those holding coins $1000+ are v nervous and depressed this whole week.

$1130. I'm happy. Should get a bag of fiat soon, hopefully before the price rises again.

zoinky

hero member

Activity: 811

Merit: 1000

Web Developer

Quote from: Dafar on December 16, 2013, 11:10:05 AM

Wow... every time I buy BTC the prices goes DOWN the next day.

Bought in for the first time at $670..... price went down to $550 the next day

Bought some 2 weeks ago at $770..... went down the next day to sub $500s

Bought some yesterday for $880...... goes down today at $750

Bought LTC for the first time yesterday for $31...... now it's around $28... Fuck

I mean I'm not scared (yet) and I'm sure it will all rise... but damn, I seem to bring bad luck. Could have saved a lot of money if I only waited a day.

What's your plan for today? So all of us know.

GameKyuubi

sr. member

Activity: 253

Merit: 1413

DTCxNMC

Just hooooooooldin~

http://www.youtube.com/watch?v=NG1qooBzE2w

wobber

legendary

Activity: 1064

Merit: 1001

I have bought at 755. But only because I sold yesterday at 850.

Fortunately didn't bought some at 1100...

seleme

legendary

Activity: 2772

Merit: 1028

Duelbits.com

Quote from: GigaCoin on December 16, 2013, 10:23:18 AM

Quote from: EvilPanda on December 16, 2013, 10:15:27 AM

Quote from: Elwar on December 16, 2013, 09:47:30 AM

This is the stable price. Buy on panics and bad news.

The only reason to ever sell is if Bitcoin itself is broke.

And Bitcoin will not break.

I have to agree people seem very nervous this whole week and the price could go either way but we are close to the bottom. Even today's FUD didn't take it below 700.

i would imagine specially those holding coins $1000+ are v nervous and depressed this whole week.

Being nervous about Bitcoin price is no-no, eventually taking advantage yes, but nervous no. Most of them will learn it hard way.

Dafar

legendary

Activity: 1330

Merit: 1000

dafar consulting

Wow... every time I buy BTC the prices goes DOWN the next day.

Bought in for the first time at $670..... price went down to $550 the next day

Bought some 2 weeks ago at $770..... went down the next day to sub $500s

Bought some yesterday for $880...... goes down today at $750

Bought LTC for the first time yesterday for $31...... now it's around $28... Fuck

I mean I'm not scared (yet) and I'm sure it will all rise... but damn, I seem to bring bad luck. Could have saved a lot of money if I only waited a day.

GigaCoin

sr. member

Activity: 308

Merit: 251

Giga

Quote from: EvilPanda on December 16, 2013, 10:15:27 AM

Quote from: Elwar on December 16, 2013, 09:47:30 AM

This is the stable price. Buy on panics and bad news.

The only reason to ever sell is if Bitcoin itself is broke.

And Bitcoin will not break.

I have to agree people seem very nervous this whole week and the price could go either way but we are close to the bottom. Even today's FUD didn't take it below 700.

i would imagine specially those holding coins $1000+ are v nervous and depressed this whole week.

EvilPanda

hero member

Activity: 658

Merit: 500

Small Red and Bad

Quote from: Elwar on December 16, 2013, 09:47:30 AM

This is the stable price. Buy on panics and bad news.

The only reason to ever sell is if Bitcoin itself is broke.

And Bitcoin will not break.

I have to agree people seem very nervous this whole week and the price could go either way but we are close to the bottom. Even today's FUD didn't take it below 700.

e521

full member

Activity: 196

Merit: 100

Quote from: Elwar on December 16, 2013, 09:47:30 AM

And Bitcoin will not break.

That's quite a huge statement! Grin

I agree, this is time to buy, we are near what I think is the bottom ($800)
Chinese FUD is also going on at the moment, the trend is evident but not a crash for sure (yet)

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

This is the stable price. Buy on panics and bad news.

The only reason to ever sell is if Bitcoin itself is broke.

And Bitcoin will not break.

piramida

legendary

Activity: 1176

Merit: 1010

Borsche

Quote from: MatTheCat on December 16, 2013, 09:34:21 AM

Wake me up when Bitcoin goes below $600 again

Yes, wake me up then too. I want those cheap coins.

MatTheCat

hero member

Activity: 840

Merit: 1000

Quote from: voyagr on December 16, 2013, 09:15:08 AM

The decline in the price can be explained probably by the fact that Fed is going to have a two-day policy meeting. The markets are atm very nervous about the outcome as the quantitative easing (85 billion in bonds buying) program can be restrained. But Fed already has tried to restrain this program in the past with no luck, as the market reacted very sharply to the decision. Let's not forget that the economy is still very weak and policymakers seem not to dare taking decisions that will disrupt the market and lead to fire sales. As a matter of fact a bubble is formed everywhere but none is daring to take the ultimate decision, at least not this year.

So, a stop in bond buying cannot be expected only some statements about possible lowering in the future. After the meeting, the markets will rally one last time for this year, better known as the Christmas-rally.

Thanks for your comments

blah blah blah....

Charts have been spelling out price corrections all week.

Wake me up when Bitcoin goes below $600 again, then I might be interested, depending on what the charts say.

raskolnikovx

full member

Activity: 186

Merit: 100

it's always time to buy Cool

GigaCoin

sr. member

Activity: 308

Merit: 251

Giga

if you already missed selling at $1000+ , now is not the time to sell for sure, rather hold wait for it to bottom out and buy to lower your cost average.

voyagr

newbie

Activity: 39

Merit: 0

The decline in the price can be explained probably by the fact that Fed is going to have a two-day policy meeting. The markets are atm very nervous about the outcome as the quantitative easing (85 billion in bonds buying) program can be restrained. But Fed already has tried to restrain this program in the past with no luck, as the market reacted very sharply to the decision. Let's not forget that the economy is still very weak and policymakers seem not to dare taking decisions that will disrupt the market and lead to fire sales. As a matter of fact a bubble is formed everywhere but none is daring to take the ultimate decision, at least not this year.

So, a stop in bond buying cannot be expected only some statements about possible lowering in the future. After the meeting, the markets will rally one last time for this year, better known as the Christmas-rally.

Thanks for your comments

Topic: It's time to buy, not to sell - page 2. (Read 6166 times)