Topic: Prepare for the new influx of buyers - page 2. (Read 4211 times)

Are you referring to localbitcoins? I can`t imagine many people who are just now finding out about bitcoin would be willing to meet strangers to exchange cash for magical Internet money, IMO. If there`s a good method aside from Coinbase, I`d like to be enlightened.

The dead cat bounce has already happened......that was sub $500 right back up to $750....now we trend lower for a bit. This is the expectation and believe me, any investor of balanced mind will have these text book expectations very much in mind when playing with a big doughball of capital that he is looking to increase in size, as opposed to decrease in size which is the last thing any speculator wants.

This is the text book investors expectation and this expectation en masse, will of course proceed to turn into self-fulfilling prophecy, in addition to the dynamics of those in profit, looking to lock in profits and of course late comers looking to minimise loses.

I was a bull up until yesterday evening. Bitcoin was at around $700. I stated in a previous post in some 'Bears FU! thread' (I can't link to it check it out cos the thread got deleted), that Bitcoin has now entered parabolic territory, and that I had sold, and was postponing anymore buying. I of course got the usual dog's abuse from the usual avarice craved rats only interested in having their own avarice driven bias confirmed, and I said:

"I will be right this time just like I was right last time"

I also insulted them and if any of those guys are reading this, I insult you again.,

F.U. I WAS RIGHT (AGAIN) AND U WERE WRONG!

Here's looking forward to some lower and more stable Bitcoin prices in the future where one can feel safe to use them for the odd online narcotics purchase once again.

Investing 201: Pick your entry point carefully.

Who would buy in to a falling market? We'll need either consolidation or a few days uptick to for the new money to jump in.

WTF?  That right there is investing 101.  Buy low, sell high.  Would you prefer to buy in at $900?  I don't know ANY investor that tries to buy a stock at its all-time high, LOL.

EH?

I know plenty places where I could plenty coins...it's just that I am not will to pay $500 for something which tomorrow will cost just $400.

Remember how facebook was already a part of everyones lives by then?

It takes weeks if not months for average person to invest larger amount of money. You went all in five days after you first heard of bitcoin?

Um, people hoping the much the same thing might happen again in a few months based on the track record of 2014. Like the enormous number of people who entered the market due to the press around the last bubble/crash back in April.

Maybe to some degree yes, but another major problem right now is the difficulty in obtaining coins. Coinbase and many other exchanges are out. Investing in stock is relatively straight forward, but are people willing to wait days for a bank account to be confirmed, followed by `sorry, we`re all out of coins, but you can still buy now and pay whatever the price is next week.`

You way overestimate people's tolerance...

Remember how everyone was stampeding to buy Facebook stock? It didn't matter it was overpriced.

Mention the words "internet" and "new" and you have a recipe for record setting highs.

Bitcoin: a popular (alpaca) sock

Right... the headlines will read, `bitcoin surges to record highs amidst congressional hearing; plummets 50% next day!`

Let`s pretend that the average person out there doesn`t spend hours on these message board every week and doesn`t have a good understanding of how the bitcoin market works. They`ll probably lose interest pretty quickly.

I`m not saying it can`t attract a few interested parties, but let`s not bullshit ourselves here...

Nobody watches CSPAN, but the fact that it happened will be in the news.

Fool!

Watch and learn 

Ahem... Bitcoin #1 top Google Trend worldwide yesterday:



Source: http://www.google.com/trends/ via http://www.reddit.com/r/Bitcoin/comments/1qxhnt/bitcoin_the_most_popular_search_term_today/

---

 (October 31 was the $27 apartment guy.)

Source: www.stats.grok.se/en/latest30/bitcoin

Yup, everyone watching CSPAN that wasn:t already invested in bitcoin (maybe 10 people...?  ) learned about it just in time to come online and witness the market crash. Or correction. Whatever you want to call it. I:m sure they:ll be real motivated to invest their hard earned money in it now 

Expectations built on fundamentals often fail to materialise within the expected timeframe, no doubt they eventually do materialise, but none the less it won't go as you expect it to.

Also, the market can have already assimilated this information meaning the current price is an accurate reflection of value in the current timeframe.

In other words, it sure as hell isn't as simple as you think it is.

People who will be smart to think that the price is low right now so its a good chance to buy. Who in the right mind would throw a big pile of cash at something that is at an all time high with headlines everywhere that the bubble is about to pop?

Goes both ways.

LOL.

What a load of old codswallop.

Who in their right mind is going to throw a big pile of cash at something that has just crashed from $900 to $500?

What country? USA?