To all of you panic buying because you missed the "greatest thing ever", mark this post, within 6 months you will be able to buy in much lower, I have a large buy order at $35 (just above the 2011 high).
if this were an established commodity like gold, copper, soybeans, or a currency cross, which I have been trading for 15 years, that is the smart buy point - not at $159
you just need to look at the naivete of the posts on this board to know this is a sucker rally.
"i'm loaning money to ....."
" I save $200 a month and im putting it all in bitcoins ...... "
"we are revolutionaries......."
good luck to all the future bitcoin millionaires :-)
Well I agree with you but not sure why you didn't sell at over $200 as there was plenty of time to do that before the obvious crash. You let the price drop from $260 to $158 to sell...not sure what was going through your head then or maybe you weren't at the computer watching it drop steadily for hours.
Anyway I agree the price will drop below $50 before it ever sees $250 again.
And yes some people on here are crazy saying that it doesn't matter when you buy because it will be $1000 someday. Yeah, why not have half as many BTC at that point because you bought near the high because "it didn't matter".