Post
Topic
Board Speculation
Re: Oh it's far from over...
by
bananaControl
on 04/01/2015, 17:33:17 UTC
Can't decide if I should put another 2000 USD in bitcoin now, or wait and see if it goes even lower Undecided

Bitcoin could just as easily drop another $25, $50 or even $100. I would play careful. Only risk what you truly can afford to lose.

The estimate trading widget on BitcoinWisdom shows a single flash sale of 20,000 BTC would take the price sub $200.

20,000 BTC sell offs are not unheard of.

I'm a great believer in decentralization in the long run, so many of the problems of today can be solved by not having trusted 3rd parties. All these solutions will have to be powered by a crypto currency, and bitcoin still seems to be the obvious choice. I'm looking an the fundamentals and I'm buying to hold for years to come. But thanks for the warning Smiley