$1000 bitcoin

If I were holding Bitcoins right now, my biggest concern would be the lack of volume towards the upside. When it first fall from $1,250 to $1,000 and then rebounded to $1,250; it did so on poor volume. It has been dropping for the past three days on serious selling volume so we will likely see $1,250 as being the top for the next few weeks.
 


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Pop. $200?
 
jonbird said:
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Pop. $200?
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I'd be surprised if it goes much lower, I'm buying atm.

It's an overreaction to the China news.

My views on BTC have changed a fair bit after a month or so of research. Not actively trading though -- just buying and holding. Figure one day it'll either be 7 figure coins or 0 dollar coins. If I can get a few coins for a few $k then worth the upside.
 
mituozo said:
I'd be surprised if it goes much lower, I'm buying atm.

It's an overreaction to the China news.

My views on BTC have changed a fair bit after a month or so of research. Not actively trading though -- just buying and holding. Figure one day it'll either be 7 figure coins or 0 dollar coins. If I can get a few coins for a few $k then worth the upside.
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Just my gut feeling. I'm out for now personally. Good luck!
 
This is what happens when I leave. Been traveling the sea for a few days. With no cellphone or internet access.

People will stop selling at a certain point when they don't want to take such a loss. At which point it will come back up. Or it'll just disappear and some other coin will take over until. People need to stop recognizing other coins and come up with an alliance.

It sucks when news happens. Somewhat impossible to predict any secret governments attempt to ruin something.
 
mituozo said:
I'd be surprised if it goes much lower, I'm buying atm.

It's an overreaction to the China news.

My views on BTC have changed a fair bit after a month or so of research. Not actively trading though -- just buying and holding. Figure one day it'll either be 7 figure coins or 0 dollar coins. If I can get a few coins for a few $k then worth the upside.
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Exactly how I feel about the whole thing.

Personally, I thought the China news was good news. I mean, they basically legalized btc. They could have taken a far more draconian stance. Did they go and jump on the band wagon and say that they'd allow their financial institutions/foundation of their economy to use this brand spanking new currency/commodity/whatever the fuck it is? Of course not..

Now.. if China would have come out and said bitcoin ownership is punishable by public firing squad.. then I'd be worried.
 
Winston_McFail said:
Exactly how I feel about the whole thing.

Personally, I thought the China news was good news. I mean, they basically legalized btc. They could have taken a far more draconian stance. Did they go and jump on the band wagon and say that they'd allow their financial institutions/foundation of their economy to use this brand spanking new currency/commodity/whatever the fuck it is? Of course not..

Now.. if China would have come out and said bitcoin ownership is punishable by public firing squad.. then I'd be worried.
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Yeah this is exactly my point as well. They basically just came out and said "the private sector is free to continue trading bitcoin, and we are not restricting it."

Restricting banks themselves from speculating in bitcoin is just common sense, obviously if every bank were to take 100% of their customers' funds and sink them into a high risk investment (ANY high risk investment) it would be ridiculous and would ultimately lead to the Chinese version of our bailout "crisis." China is just better at actually planning for the future than the US is.

The noobs misinterpreted it and panicked. "Buy high, sell low, and lose all your money" - the most popular trading strategy in the world.
 
Bitcoin has gotten almost a billion in free advertising by the most respected news,media, financial,.gov over the last month or 2. A little bad news in china is not enough to hurt that massive free media campaign.

So with that in mind. BTC is cheap. I'm buying and going to ride that bitch all the way to the bottom.
 
cheshire said:
Stayed up until the wee hours of the morning and snagged a couple in the low 600s. Thanks suckers!
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same here :drinkup:. ride it to the next peak and cash out when/if there's another small crash. rinse & repeat. can't see it go down any further (but i could be wrong).
 
y u no sell (several hours ago)?

You definitely could make some money right now playing the dead cat thing - but... I "think"* you lose long term unless you got some nice bots/warez (or volume) sorry.

And sorry to those who have already lost money, genuinely. I learnt a lesson spread betting in 08. So I feel you.

I only had .3 in a wallet, which got sold just south of the $k mark. Happy days, especially given I'd have sold MONTHS AGO had I realised it was there. Extra xmas money for a peasant like me (do put your marketer hats on and take a moment to consider the "early adopter/mug investor" demographics at play here btw.)

*I do not pretend to know a thing. But this bitcoin mania has made me realise how conservative I am financially. Hopefully, I'm just a Luddite ;) Good luck either ways..
 
How many days until btc-e has $1 billion daily btc trade volumes? This shit is fo serial
 
an interesting commentary/post made at this site regarding the recent crash at BTC China.

China's First Bitcoin Bubble Has Popped, Let Recovery Begin - Cryptocurrency News, Bitcoin Trading Analysis | Cryptocurrency News, Bitcoin Trading Analysis

The trigger that many felt was the true turning point that started the rapid rise, however, was Baidu Jiasule, a subsidiary of Baidu, accepting Bitcoin for its services. Soon after that, China Telecom, a state-owned telecommunications company that is the second largest in the industry in China, also started accepting Bitcoin for reservations of their latest Samsung phone. These two companies, the so-called “Chinese Google” on the one hand and a state-owned telecommunications company on the other, were seen as by far the largest endorsement of Bitcoin that has ever happened to date. And now, in the span of a few hours, they are both gone.
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And yet some more news about new requirements placed with BTC China users:

BTC China now Requires ID Verification from All Users Upon Logging In - Cryptocurrency News, Bitcoin Trading Analysis | Cryptocurrency News, Bitcoin Trading Analysis

In response to the recent People’s Bank of China [PBOC] statement, BTC China has started requiring ID verification for all of its users. Upon logging in, you will be prompted for a Chinese ID and if you are an international customer, your passport number will be required instead. ...The recent statement by the PBOC has triggered China Telecom and Baidu’s Jiaselu service to stop their previous acceptance of Bitcoin. While this is merely a short term damper on Bitcoin prospects in China, the statement actually reveals more good than bad for the future path of Bitcoin in China.
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not sure if this caused the slight dip after the price recovered a bit, or whether it means further price drops. the possibility of getting them thar coins even cheaper :D
 
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