Look like bitcoin is going to drop into the $100 range again very soon. It was so much fun when it was around the $1k plus range!
Oh well.
Oh well.
Really. Its at $500 plus. That's a big big drop. We shall see.
Topic: What's happening in bitcoin today? (Read 3634 times)
Really. Its at $500 plus. That's a big big drop. We shall see.
Look like bitcoin is going to drop into the $100 range again very soon. It was so much fun when it was around the $1k plus range!
Oh well.
Oh well.
If you need the money right now, sell. If you need the money in a few months, don't sell.
How could he need the money now if he's only just bought the coins with the money?
Just wait it out a month, or two at max. He won't regret it.
He had bought the coins thinking it will skyrocket within HOURS. He should sell now, get out while it's getting hot, before he gets burnt!
If thats the case, he deserves to lose money. Get that greedy, and the market will swallow you whole.
If you need the money right now, sell. If you need the money in a few months, don't sell.
How could he need the money now if he's only just bought the coins with the money?
Just wait it out a month, or two at max. He won't regret it.
He had bought the coins thinking it will skyrocket within HOURS. He should sell now, get out while it's getting hot, before he gets burnt!
If you need the money right now, sell. If you need the money in a few months, don't sell.
How could he need the money now if he's only just bought the coins with the money?
Just wait it out a month, or two at max. He won't regret it.
Going to be a hectic day if I keep looking at the ticker 
. I bought in at 1073, hit around 1140 then pop. I am not one to panic sell, but I can't afford to keep losing. Anyone think it will get back to up at least 8-900 this week?
This week, not sure. Within due time (a few weeks, few months tops), yes, most certainly, and much higher even. Bitcoin is still just at its infancy, most people are NO idea yet how huge this will become. . I bought in at 1073, hit around 1140 then pop. I am not one to panic sell, but I can't afford to keep losing. Anyone think it will get back to up at least 8-900 this week? Remember that long term holders have experience of Bitcoin volatility.
/This!
See you at Bulls party late Feb start of March 2014.
If you need the money right now, sell. If you need the money in a few months, don't sell.
Going to be a hectic day if I keep looking at the ticker . I bought in at 1073, hit around 1140 then pop. I am not one to panic sell, but I can't afford to keep losing. Anyone think it will get back to up at least 8-900 this week?
. I bought in at 1073, hit around 1140 then pop. I am not one to panic sell, but I can't afford to keep losing. Anyone think it will get back to up at least 8-900 this week?You've over invested.
If you can't afford to lose any more then, of course, you must sell everything now. Perhaps you can afford to lose a little more but even then my advice would be to immediately sell enough that you can afford to lose the rest.
Certainly don't panic sell or panic buy. Do your own calculations and only place orders with a clear mind.
Looking at fiatleak.org (.com is gone) it looks like either China has blocked the transactions of bitcoins or no one is trading bitcoins anymore in China because the amount of bitcoins being traded is very few. 
It's difficult to judge but ask yourself about the general trend of bitcoin.
The reason it hasn't gone quite a lot lower (see previous bubbles) is because there are a lot of people:
1. ...Who have arrived over the past couple of months and put a "sensible" (relative to themselves) amount into Bitcoin and who are looking at it as a year or longer investment with great returns. Don't forget a year is quite SHORT in investment terms. These people aren't going to panic over dipping below the price they bought in because they really believe that in a year they will make better money than they could anywhere else. I believe that these people by far make up the MAJORITY of new buyers over the past few months.
2. ...Who are holding Bitcoins who also believe strongly that the value will go to 2 or 3 or 4 times the value over the next year and who certainly do not want to miss out on this because of panic selling now. Remember that long term holders have experience of Bitcoin volatility.
Why do people think it will rise in the future? Because:
1. It has done so far for 5 years. In a very strong way.
2. Serious businesses with serious money are investing seriously in the technology.
3. Serious investors with serious money are investing seriously in the investment ()
4. Despite the uncertainty at the moment, it looks very likely that Bitcoin is acceptable to most countries in some category or other (asset, currency, etc.). Frankly, at the end of the day who cares if you have to pay capital gains on something that doubles or trebles in value over a year. And when more and more people start to use it, there is no law saying that it could not be re-classified.
At the end of the day, you have to understand that it is still early days, despite all the media coverage. There is a lot more growth to happen.
I am bullish even for the short term; by short term I mean a couple of months. People forget what short term means (or should mean) to most people on this forum! Take a step back, decide whether you think Bitcoin is here to stay or not and then don't worry about one day to the next if you think it is.
The reason it hasn't gone quite a lot lower (see previous bubbles) is because there are a lot of people:
1. ...Who have arrived over the past couple of months and put a "sensible" (relative to themselves) amount into Bitcoin and who are looking at it as a year or longer investment with great returns. Don't forget a year is quite SHORT in investment terms. These people aren't going to panic over dipping below the price they bought in because they really believe that in a year they will make better money than they could anywhere else. I believe that these people by far make up the MAJORITY of new buyers over the past few months.
2. ...Who are holding Bitcoins who also believe strongly that the value will go to 2 or 3 or 4 times the value over the next year and who certainly do not want to miss out on this because of panic selling now. Remember that long term holders have experience of Bitcoin volatility.
Why do people think it will rise in the future? Because:
1. It has done so far for 5 years. In a very strong way.
2. Serious businesses with serious money are investing seriously in the technology.
3. Serious investors with serious money are investing seriously in the investment (
)4. Despite the uncertainty at the moment, it looks very likely that Bitcoin is acceptable to most countries in some category or other (asset, currency, etc.). Frankly, at the end of the day who cares if you have to pay capital gains on something that doubles or trebles in value over a year. And when more and more people start to use it, there is no law saying that it could not be re-classified.
At the end of the day, you have to understand that it is still early days, despite all the media coverage. There is a lot more growth to happen.
I am bullish even for the short term; by short term I mean a couple of months. People forget what short term means (or should mean) to most people on this forum! Take a step back, decide whether you think Bitcoin is here to stay or not and then don't worry about one day to the next if you think it is.
Going to be a hectic day if I keep looking at the ticker . I bought in at 1073, hit around 1140 then pop. I am not one to panic sell, but I can't afford to keep losing. Anyone think it will get back to up at least 8-900 this week?
. I bought in at 1073, hit around 1140 then pop. I am not one to panic sell, but I can't afford to keep losing. Anyone think it will get back to up at least 8-900 this week?You sound like you are about to panic sell. Please please don't. The price will recover.
I'm predicting it will drop to 3-400 then shoot up to 6-700 then fall to 4-500 by the end of the year. Im completely pulling this prediction out of my ass. My ass has been right before though mind you.
Going to be a hectic day if I keep looking at the ticker . I bought in at 1073, hit around 1140 then pop. I am not one to panic sell, but I can't afford to keep losing. Anyone think it will get back to up at least 8-900 this week?
. I bought in at 1073, hit around 1140 then pop. I am not one to panic sell, but I can't afford to keep losing. Anyone think it will get back to up at least 8-900 this week?It will surely go up again, eventually... I'm definitely going to hang onto mine!
Has China killed Bitcoin?
even if China were the only country on earth, it would not have killed bitcoin. its more like a pinch.
Has China killed Bitcoin?
Heh
Does closing your eyes on a sunny day kill the sun?I guess not... but what will be the other blow?
Has China killed Bitcoin?
Heh
Does closing your eyes on a sunny day kill the sun?
Has China killed Bitcoin?
Downtrend confirmed. Bear market confirmed. Now all the good news turns bad, right on schedule.
Weak hands (weak minds?) who don't understand bitcoin are acting like sheep. That's what's happening today.
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