We were at $165 post crash.
So the biggest risk to the market is everyone who bought in at $200-$260, who are just waiting to dump everything and exit? So wait, they rode out the biggest BTC crash in history, wait 3 months, just to sell at a loss when the price is getting back up to where they bought in? That seems like poor financial planning.
They dump coins, leave the market, people buy them up, it's not really that big of a deal. It's been going on daily for the last 2 months.
So the biggest risk to the market is everyone who bought in at $200-$260, who are just waiting to dump everything and exit? So wait, they rode out the biggest BTC crash in history, wait 3 months, just to sell at a loss when the price is getting back up to where they bought in? That seems like poor financial planning.
They dump coins, leave the market, people buy them up, it's not really that big of a deal. It's been going on daily for the last 2 months.
That discounts everyone who bought in at $200-$260 and are sitting on huge losses right now. I'd assume most are looking to bail out of this market as soon as possible but have no choice but to pray for some sort of increase to at least minimize the damage. If we should see a spike back to $160-$180, I'd expect a flood of selling at the peak as people cut their losses and run for the hills. Don't think I need to specify what happens to the markets next...
I didn't say this was the biggest risk to the market, I said your comments don't take this into account. No, it is not sound financial planning but I'd say those who bought in at $260, were not making a wise financial decision to begin with. Unless of course they are planning to go long, which at this point in time, no one knows if it will be the greatest decision of all time or a flop. But let's not pretend there isn't plenty of money that saw the huge rise and jumped in on pure greed, hoping to not miss the train and will look to cut their losses if they can. That was my only point.
Do not worry $260 are quite cheap coins.
I hope you're right because I see everyone here as early adopters and then there are the prehistoric adopters.
I don't want ANYONE to lose. This whole convo is simply a glimpse of the sentiment of some not buying or waiting for lower prices.CASE STUDY - I bought in at 235. Pure greed. Before I even understood what bicoin truely was.
stop loss sold on the way down, luckily played the bounce from about $77 - $159... lost money in Bitcoin-24 fiasco, lost some profit in continued crashes after the $165 high.
BUT I'm not about to leave the market now that I know what bitcoin is... it's not about leaving the market and cutting losses... as far as I'm concerned once you are in you are in, once you understand bitcoin you have no real reason to totally leave the market. It's too much of a mental investment as well as financial.
After a month of chart watching, following news and learning more and more about the past and potential future of bitcoin, I decided that trading is not for me, it's a small part of the game. I just took 1/3 of my (now 25% up) money out of Gox via coins to Bitstamp and hopefully fiat in my account next couple weeks. The rest is all in, for the mid/long term. If Bitcoin-24 resolves it's banking issues and the market continues to price bitcoin lower, I'll use that money to buy more coins lower (as many people definitely want to do).
To me, unless you really think it's worth day trading bitcoin in the long term (which is probably the case for many in this subforum I know), that's the sort of thing anyone who's recently got involved with Bitcoin should be doing, making an investment and holding onto it, allowing the next 6 months to take it's course now that the world is paying attention and the infrastructure truely starts to develop.
Personally I'm emotionally and physically exhausted from my bitcoin discovery but there is no way I'm leaving the market, and this price seems fair... even if it drops to $50 it will most likely go up again anyway (touch wood). Even if it's not legitimised and the regulatory grey area resolved in the next 6 months, I'm sure there will be some use for it in the long run. But given the strength of the community and it's word wide nature, bitcoin will not fade away and I think many people should recognise that after having invested the time to understand what they are investing money in.
EDIT - having read a couple more of the recent posts in this thread, yes, it may also crash and burn into nothing, but how many of you thought that in 2011? From the media spin and the investments going on at the moment, I don't think it really will. Perhaps Im just trying to convince myself this risky investment is worth it. If that is so, I've done a good job.
excuse the long fairly off topic post
I'm going to the beach...must..get...away! 
As valid as TA aka self induced prophecies as i call they , at least for me 
