Quote from: proudhon on April 16, 2013, 01:52:21 PM

Quote from: drawingthesun on April 16, 2013, 01:49:25 PM

Quote from: OnlyGoodVibes on April 16, 2013, 10:26:13 AM

I only bought 2 BTC so not worried either way but interested to see what peoples opinions will be.

Assuming you don't need the money, hold, it will keep you in the game and Bitcoin will either return or go to zero and never return, many people sold at -$10 after buying at $30+ in the last peak, if they held they would still be up even right now.

Quote from: Geist on April 16, 2013, 01:25:26 PM

I'm not going to make a new thread for the same exact topic, so I hope you don't mind if I ask a question as well.

I bought at $70, how low do you expect this crash to go? If I sell now, and it goes to $50, I can make more than I had before. If I sell now and it goes to $40, I can make a lot more than I had before.

Either way, I only bought $200 worth, so it doesn't matter much, but it's interesting to know what you guys think.

It might go lower, be-careful day trading, it might go down and down, and then you sell to buy more Bitcoin when it goes further down. Except that ends up being the real low and it starts to gradually rise again. $70 will be met again, might take a year max. (unless Bitcoin goes to zero never to return)

Quote from: proudhon on April 16, 2013, 12:39:02 PM

It's beginning to look like $50 is the bottom, folks.

Are you being sarcastic? I think $50 is quite high for your bottom proudhon. Not expecting single digits?

Looking at the broader view, there's really a tremendous amount of support building up around $10 that can protect against single digits. That's probably a lot of the institutional money placing itself visibly on the sideline in order to watch this play out a little while longer. As MtGox builds confidence around improving their backend, that money will feel more confident about getting back in the pool. It'll probably take some time, but I think there's a good chance this gets repaired.

Time to SELL (proudhon is bullish)