Should You Buy Bitcoin Right Now? Don’t Be Stupid

Pekelo said:
OK, let's say it runs up to 20K in a year. Would you still hold it until 40K or sell some of it??
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Obviously you would want to take some cash off the table when the number becomes significant vs (a) other investments and (b) your utility curve. That's true about any investment. I guess I will see how a 100k in bitcoin would fit into that thought process when (and if) we ever get there
 
Here4money said:
down to 2200 from a high of 2700, let's see how bad this gets. You sir called it, but I've seen some insane rebounds in the past
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Well i honestly hope for your sake im wrong, i got no money on the line here so im not rooting for people to fail, it sure seemed to bounce hard off that 2k number which leads me to believe there actually might be some shorts in this thing driving the action, cause if I was short id be looking to buy out into the 2000 break, so im sure alot of people would have been looking for the same thing, which is what most likely cause the big bounce, its hard for me to get a good read here on the price action with no volume though, do you know where i can get good charts with volume?

If there was a massive volume spike at 2100 when it held and snapped back you could be okay, but if it just did this latest snapback on nothing volume its probably headed lower.

It definitely looks like the backside of the move here though its setting lower highs on the bounces now instead of higher lows.
 
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Max E. said:
Well i honestly hope for your sake im wrong, i got no money on the line here so im not rooting for people to fail, it sure seemed to bounce hard off that 2k number which leads me to believe there actually might be some shorts in this thing driving the action, cause if I was short id be looking to buy out into the 2000 break, so im sure alot of people would have been looking for the same thing, which is what most likely cause the big bounce, its hard for me to get a good read here on the price action with no volume though, do you know where i can get good charts with volume?

If there was a massive volume spike at 2100 when it held and snapped back you could be okay, but if it just did this latest snapback on nothing volume its probably headed lower.

It definitely looks like the backside of the move here though its setting lower highs on the bounces now instead of higher lows.
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http://bitcointicker.co/

I don't trade it,got from a poster on different forum
 
Max E. said:
Well i honestly hope for your sake im wrong, i got no money on the line here so im not rooting for people to fail, it sure seemed to bounce hard off that 2k number which leads me to believe there actually might be some shorts in this thing driving the action, cause if I was short id be looking to buy out into the 2000 break, so im sure alot of people would have been looking for the same thing, which is what most likely cause the big bounce, its hard for me to get a good read here on the price action with no volume though, do you know where i can get good charts with volume?

If there was a massive volume spike at 2100 when it held and snapped back you could be okay, but if it just did this latest snapback on nothing volume its probably headed lower.

It definitely looks like the backside of the move here though its setting lower highs on the bounces now instead of higher lows.
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It's simply reverted back to its intrinsic value after being overbought the past few days. Where it goes from here will depend on the fundamentals that drive supply and demand.

I expect it can reach 5,000 by the end of the year if it's take up continues and there's minimal political or technological disruptions.
 
Max E. said:
Well i honestly hope for your sake im wrong, i got no money on the line here so im not rooting for people to fail, it sure seemed to bounce hard off that 2k number which leads me to believe there actually might be some shorts in this thing driving the action, cause if I was short id be looking to buy out into the 2000 break, so im sure alot of people would have been looking for the same thing, which is what most likely cause the big bounce, its hard for me to get a good read here on the price action with no volume though, do you know where i can get good charts with volume?

If there was a massive volume spike at 2100 when it held and snapped back you could be okay, but if it just did this latest snapback on nothing volume its probably headed lower.

It definitely looks like the backside of the move here though its setting lower highs on the bounces now instead of higher lows.
More...


https://poloniex.com/exchange#usdt_btc <that's just one exchange though

seems to be holding at $2100.
 
"God when will it stop" asdfgsdfgsdfg.jpg
 
A lot have seen a serious drop in their cryptocurrency portfolios values that's for sure.

There's a large amount of amatuer traders in cryptocurrency, the bulk of that move above 2000-2200 was driving by amatuers with no clue about anything other than their iPhone and apps.
 
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IMHO Bitcoin has a feel of Netscape stock in the mid 90s.For those of you who didn't experience development of internet,there are many similarities here.I have hunch it will be the same ending,it will fade to almanacs of history.
Larger player,in this instance Government at some point will find way to enter digital currency marketplace and most likely reorganize everything how they will see fit.
Digital currency is here to stay,but it won't be Bitcoin.
In the mid 90s Netscape was huuuge,but it was really only virtual brand.

It is all speculation of course.
 
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