Quote from: sealberrder on October 24, 2013, 08:00:32 AM

Quote from: Aco on October 24, 2013, 07:38:41 AM

I'm buying back more whenever it dips! But I'm enjoying this extreme volatility at the moment for profit sake.

So true, traders paradise. Now the price could go under 100

That's one thing I never understand: Sellers who sell now at 160 apparently consider this a good price when just a few minutes ago, 200 was too cheap. Same for buyers: Many bought at around 200, apparently thinking this is a good price when a few weeks back they thought 100 too expensive.

The trick to make money is buying low, selling high. Panic selling / buying does not pay (unless you panic first). Newbies alwas seem to believe that Bitcoin is a Ponzi Scheme and the price will fall to zero, when time and again it recovered quickly after a crash. I mean - even those who bought @32 in 2011 look pretty good now. 2 years from now, 266 will look incredibly cheap.

So stop gamble your coins away because each coin will buy you a Porsche in 2020. In case you didn't notice, China is already recovering. Just like Gold, Bitcoins move east.