StewartJ



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Sr. MemberActivity: 392Merit: 250 How Much Lower are We Going? Already at $2.25 !!! November 14, 2011, 09:02:34 PM #1



Manipulated? Bound to happen, nature of Bitcoin? Are we heading to $1.00 BTC soon



Thanks for your insights.



SJ

Just curious as to your thoughts on this recent decline in trading price.Manipulated? Bound to happen, nature of Bitcoin? Are we heading to $1.00 BTC soonThanks for your insights.SJ

tvbcof



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LegendaryActivity: 3318Merit: 1140 Re: How Much Lower are We Going? Already at $2.25 !!! November 14, 2011, 09:31:26 PM #3 Quote from: StewartJ on November 14, 2011, 09:02:34 PM



Manipulated? Bound to happen, nature of Bitcoin? Are we heading to $1.00 BTC soon



Thanks for your insights.



SJ



Just curious as to your thoughts on this recent decline in trading price.Manipulated? Bound to happen, nature of Bitcoin? Are we heading to $1.00 BTC soonThanks for your insights.SJ

I've no idea, and doubt that more than a few people really do. I'm planning to double down one more time if we get deep into the 1.xx range and have the ammo on-line to do so. So I kinda hope that we do but will live either way. I would feel much better about a rally if we do get well below the bottom at $2.04 from a month ago (even though I have little interest in or knowledge of technical analysis.)



I've no idea, and doubt that more than a few people really do. I'm planning to double down one more time if we get deep into the 1.xx range and have the ammo on-line to do so. So I kinda hope that we do but will live either way. I would feel much better about a rally if we do get well below the bottom at $2.04 from a month ago (even though I have little interest in or knowledge of technical analysis.) sig spam anywhere and self-moderated threads on the pol&soc board are for losers.

StewartJ



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Sr. MemberActivity: 392Merit: 250 Re: How Much Lower are We Going? Already at $2.25 !!! November 14, 2011, 09:46:00 PM #4 Quote from: tvbcof on November 14, 2011, 09:31:26 PM Quote from: StewartJ on November 14, 2011, 09:02:34 PM



Manipulated? Bound to happen, nature of Bitcoin? Are we heading to $1.00 BTC soon



Thanks for your insights.



SJ



Just curious as to your thoughts on this recent decline in trading price.Manipulated? Bound to happen, nature of Bitcoin? Are we heading to $1.00 BTC soonThanks for your insights.SJ

I've no idea, and doubt that more than a few people really do. I'm planning to double down one more time if we get deep into the 1.xx range and have the ammo on-line to do so. So I kinda hope that we do but will live either way. I would feel much better about a rally if we do get well below the bottom at $2.04 from a month ago (even though I have little interest in or knowledge of technical analysis.)



I've no idea, and doubt that more than a few people really do. I'm planning to double down one more time if we get deep into the 1.xx range and have the ammo on-line to do so. So I kinda hope that we do but will live either way. I would feel much better about a rally if we do get well below the bottom at $2.04 from a month ago (even though I have little interest in or knowledge of technical analysis.)

I am in the same boat. Try to follow the smarties in here for their recommendations, but the bottom line is I think I secretly wish for $1 btc, then I will go in big and long. I am in the same boat. Try to follow the smarties in here for their recommendations, but the bottom line is I think I secretly wish for $1 btc, then I will go in big and long.

molecular

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DonatorLegendaryActivity: 2730Merit: 1016 Re: How Much Lower are We Going? Already at $2.25 !!! November 16, 2011, 08:57:55 AM #17 Quote from: StewartJ on November 14, 2011, 09:02:34 PM



Manipulated? Bound to happen, nature of Bitcoin? Are we heading to $1.00 BTC soon



Thanks for your insights.



SJ



Just curious as to your thoughts on this recent decline in trading price.Manipulated? Bound to happen, nature of Bitcoin? Are we heading to $1.00 BTC soonThanks for your insights.SJ

It's not going below $1 for more than an hour this year, is my prediction. Why? because there is insane support at $1. How do I know? Because many people (me too) say they would buy at $1 very big and I believe them.



I think bitcoin is undervalued. The market should normally take into consideration future expectation. Bitcoin is very high risk, but the reward in case it becomes widely used even within just a sector or certain populous is extreme. Todays uncertain times should free some FIAT looking for places to go.



Maybe such high risk is just not a popular place in fearful times.



Maybe bitcoins trust got damaged more heavily than I thought by the bad news since June.



As far as "fundamentals" go: it seems the economy is not growing rapidly yet, but look at all the developments on the technical side and infrastructure support businesses popping up, exchanges professionalizing. The infrastructure is being built and remember: we're still in the "initial big inflation" phase. This all takes time, but it happens.



I'm not trying to talk the price up, but it might well be that "Q4 2011" will be used in sentences like: "Early adopters that got into bitcoin in Q4 2011". Don't miss out

It's not going below $1 for more than an hour this year, is my prediction. Why? because there is insane support at $1. How do I know? Because many people (me too) say they would buy at $1 very big and I believe them.I think bitcoin is undervalued. The market should normally take into consideration future expectation. Bitcoin is very high risk, but the reward in case it becomes widely used even within just a sector or certain populous is extreme. Todays uncertain times should free some FIAT looking for places to go.Maybe such high risk is just not a popular place in fearful times.Maybe bitcoins trust got damaged more heavily than I thought by the bad news since June.As far as "fundamentals" go: it seems the economy is not growing rapidly yet, but look at all the developments on the technical side and infrastructure support businesses popping up, exchanges professionalizing. The infrastructure is being built and remember: we're still in the "initial big inflation" phase. This all takes time, but it happens.I'm not trying to talk the price up, but it might well be that "Q4 2011" will be used in sentences like: "Early adopters that got into bitcoin in Q4 2011". Don't miss out PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769