Quote from: lilphilog on February 18, 2014, 05:16:25 AM

I just bought some btc recently and was wondering if i should keep it until btc rises....

Be aware, that the Bitcoin Nutters on this forum have been telling n00bs to buy and hold all the way down from $1200. I see you are getting the same 'advice'.

What to do would depend on what price you bought in at. As I type, the short term charts are very depressed, and perhaps due for a small swing-back up the way, but it will just be a small one and another proper price nose dive is certainly overdue. However, there is the MtGox thing to come yet. Perhaps some 'good news' from Gox will result in a temporary price upswing. It won't fool me into thinking bear market is done but Bitcoin is full to the brim of extremely dumb money, and who is to argue with the masses if they are putting their collective money where their mouths are? If we get an upswing from Gox re-enabling BTC withdrawals (a big fkn IF btw), then that is your chance to liquidise your Bitcoin holdings. If their is a Gox inspired upswing it may be brief as exasperated investors and arbitrage takers look to liquidise their Gox BTC on the likes of Bitstamp immediately.

Quote from: kireinaha on February 18, 2014, 09:37:36 AM

I'm not sure that we've hit the floor yet; sub $500 prices may be coming later this month and March. A wise speculator would hodl and buy more, because when price rallies to $5000 later this year, people will be asking themselves, 'why didn't i buy any of those cheap $500-$600 coins??' Sounds crazy now but it will happen.

As bear market deniers like to keep telling everyone. Just because it happened twice before, doesn't necessarily mean it is going to happen in the same way again.

What if Bitcoin at the end of 2014, is only $500? Or even less? What then? And why do you think that this is beyond the realms of all possibility?