Agree, some people should chill. Just think for a moment, if you bought 1BTC a month ago you paid ~300$, now after all the ups and downs it's ~700$ so you earned more than 100% in a month! A bank deposit gives you 3% a year. Some of us bought BTC when it was below $100. If btc goes back to that we may start panicking, but now? It's been a constant ride up. You guys are hyping each other by writing bullsh1t and reading bullsh1t written by other whiners.
Writing bullshit? I'm just saying that at present Crypto currency is sliding and sliding fast.... I'm not making it up...it's happening. Yes if you bought at $100 you are in profit .... at present. If you don't call a 65% drop significant then you are living in CCL.... Constant ride up....mmmmm....1250 odd down to 700...
Well now it's below $600..... Part of investing is knowing when to exit some or all of what you may have put in earlier...you can always get back in lower... I'm not pretending everything's rosy... I'm just giving newbies my point of view to investing. Technical Analysis isn't new to me... I've been investing for 35 years... People tend to follow the herd... The herd is heading down the riverbank and into a river full of crocodiles... Some won't get out the other side. If it starts to turn again I will post exactly the opposite! I'm not trying to kill Bitcoin or push it's price down. I mine for both PPC and BTC so I haven't given up yet. I will be topping up my holding when I see fit ... But that time is way off in my opinion.
Now below $500......Am I still talking bullshit? Norway and Denark now crashing the party too....China now stops companies processing settlements... They have until Chinese New Year...so 31 Jan 2014 to wrap up.