Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

Quote from: tHash on December 20, 2013, 10:15:23 PM

Quote from: CryptStorm on December 20, 2013, 09:48:26 PM

But, that we return to a low in the mid term (before winter is through), seems a wise acknowledgement.

I have a bit of cash still sitting around for just such a case.

It takes a long time for people to get verified on the exchanges. There are many people still waiting for verification I am sure. While a retest of the low would be nice for some more coins, I feel there is a lot of buying pressure on the way. Many will wait until we break from the trend, but many who first saw the price racing through $800 or $900 will probably see this as a great entry price, providing for buying pressure that may not let us dip as far as we hope.

As a newbie entering during the April crash, this was not my mindset. But maybe I am an exception. I saw the price crashing -- at first I jumped in, thinking it would shoot right back up. When it continued to fall, I turned around and panic sold and lost half my fiat. As I watched the price plummet I sat on the sidelines, even after an obvious bottom. Fun times to look back on! Cheesy

I recall the long verification queues as price crashed.....