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Topic: People were willing to buy at $65 a few minutes ago.... (Read 2080 times)

hero member
Activity: 714
Merit: 510
... I know, I'll sell at $50.

 Huh Huh Huh

Get your shit together people.
It's a buyers market right now.
newbie
Activity: 51
Merit: 0
Nobody is expecting to see support at $50? I want to buy a few more BTC while it is low. Just waiting to see how low it will go I suppose. Wondering if I should put a limit buy at $51 or just wait for an even lower price.
b!z
legendary
Activity: 1582
Merit: 1010
You might be right, but I would rather place it in the $20-30 range.

We might see single digits.

And after that what?

Zeroes.
hero member
Activity: 504
Merit: 500
I was thinking the exact same thing haha.

Bitcoin yay!11
sr. member
Activity: 350
Merit: 250
"Don't go in the trollbox, trollbox, trollbox"
... I know, I'll sell at $50.

 Huh Huh Huh

Get your shit together people.

There's an awful lot of people in your term 'people'.

It's almost as if they're...acting independently. How odd.
donator
Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
You might be right, but I would rather place it in the $20-30 range.

We might see single digits.

And after that what?

Hopefully a slow and steady rise that says "have confidence in BTC"
I don't think it is about confidence in Bitcoin, but confidence that a trade will go through at the price you want and not get lagged out. This price drop is a vote of no-confidence against mt gox. Either they need to fix it or quit offering the ability to trade and just become brokers like coinbase.
full member
Activity: 280
Merit: 102
Someone was willing to buy at $266 too. I don't think that worked out for him.
full member
Activity: 350
Merit: 100
a slow and steady rise
BTC

If we should take this past couple of weeks, and 2011 as predictive, I'm starting to doubt BTC will be capable of such a thing. Outside its currency uses, it seems to be a vehicle of raw speculation and a study in human crowd behaviour with nothing tying it down or forcing it up. BTC is truly worth what everybody thinks it's worth. Smiley
full member
Activity: 224
Merit: 100
One bitcoin to rule them all!
You might be right, but I would rather place it in the $20-30 range.

We might see single digits.

And after that what?

Hopefully a slow and steady rise that says "have confidence in BTC"
hero member
Activity: 1134
Merit: 502
Vave.com - Crypto Casino
yes but they always keeped the price on BTC-E lower than gox, and even with LTC trading in USD too, it has been at 80/1.4 and so, now they are keeping the price on BTC-E higher than gox, and tied up LTC/USD to it too, something changed.
full member
Activity: 204
Merit: 100
i see bots keeping both BTC/USD and LTC/USD on BTC-E always higher than in gox, when it was at 50 at gox then jumped in all of a sudden to 54, on BTC-E jumped from 52 BTC / 1.3 LTC to 57 BTC / 1.7 LTC at the same time.

Its all manipulation.

Or arbitrage. It's funny to see the arbitrage bots rush in after a sudden price movement on Gox.
hero member
Activity: 1134
Merit: 502
Vave.com - Crypto Casino
i see bots keeping both BTC/USD and LTC/USD on BTC-E always higher than in gox, when it was at 50 at gox then jumped in all of a sudden to 54, on BTC-E jumped from 52 BTC / 1.3 LTC to 57 BTC / 1.7 LTC at the same time.

Its all manipulation.
legendary
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
Waiting for the adjustment but the bubbles just slimming a bit more probably a few more days to 2 weeks till we hit the actual bottom not false one
full member
Activity: 210
Merit: 100
firstbits: 121vnq
I have lots of buy orders very close to being triggered, but I'm thinking of pulling them out. Thought it would be after weeks of bouncing around and sliding, not a steady ride straight down.  I honestly have 0 prediction whether this will go to 40s or to single digits, could be either at this point. Almost a half million bitcoins traded today...so much volume on the downside...
legendary
Activity: 1064
Merit: 1001
You might be right, but I would rather place it in the $20-30 range.

We might see single digits.

And after that what?
full member
Activity: 224
Merit: 100
One bitcoin to rule them all!
You might be right, but I would rather place it in the $20-30 range.

We might see single digits.
hero member
Activity: 607
Merit: 500
It's simple, really. Bitcoins were WAY overbought:



And the ALL markets follow a simple rule - price always overshoots the target. So when we were overbought for a long time and correction finally came, it overshoot the target to the bottom. Now what is the target price - that is the million dollar question. My take is that currently its $50, which means we'll see $30's in the coming days.
full member
Activity: 201
Merit: 100
why is it still failing?

Supply vs Demand vs Confidence

When there are people "cashing out" price goes down - just because it's not a Fiat Currency doesn't mean it doesn't work much the same way...
full member
Activity: 196
Merit: 100
Looks like you just got your chance.   Huh     wtf is going on?  why is it still failing?   fucking traders.
full member
Activity: 238
Merit: 100
RMBTB.com: The secure BTC:CNY exchange. 0% fee!
... I know, I'll sell at $50.

 Huh Huh Huh

Get your shit together people.
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