Quote from: CodyCot on April 11, 2013, 01:12:12 AM

Quote from: ArchonAlarion on April 11, 2013, 12:54:26 AM

(I'm not a bitcoin investor just a newbie amateur who is just starting, although I've been watching bitcoin for a few months and I am economically semi-literate.)

From what I know and from what I'm hearing, there will be moderate bull trap, followed by a rough climb back up to ~250 and beyond. The popularity of Bitcoin has only recently begun rapidly increasing, demand outpacing supply, yada yada. People have been advertising Bitcoin's ideological and technological interests for a while now, but only recently have people been advertising the thousands of dollars they are making off of it.

So, I believe many "late"-comers will be keen on taking the advantage of a price drop and the price will begin climbing again. If I was making investment decisions for the long term (not day-trading, fuck that lol, I'm not even close to that stuff), I'd continue investing with guarded optimism.

Until I see some exploitable flaw with bitcoin's tech-side or some economic issue outside of bitcoin that negatively affects it directly, I see no reason not to cautiously invest if you are going long-term.

Once again, I'm taking my own opinions with a pinch of salt.

May I ask as to where you are getting your information from? I am quite interested in finding websites that discuss this sort of thing.

Would you be willing to share?

I've been bouncing back and forth between this site and reddit. Like I said, I'm in no way an expert nor do I have any insight whatsoever beyond heresay and speculation. The main personal insight I'm going by is that Bitcoin provides a specific, useful service that mainstream currencies do not provide and as popular as it has become, there is a vast user-base still waiting to be tapped. I think service-providing websites will become more user-friendly (demand side) in the next year or so, which will encourage bitcoin use. So, I'm just going to wait it out patiently. Maybe I'm wrong, but I'm not spending enough to be worried, just interested for technological and sociological reasons.