Quote from: liexel on May 06, 2014, 04:26:38 PM

Quote from: MatTheCat on May 06, 2014, 02:53:08 PM

I should advise you that the majority of voters in polls on this website are ALWAYS WRONG!

Always wrong and always overly optimistic.

Does this feel like a 'bottom' to you?

Grinding down on very low volume gradually working it's way lower and lower? Next time there is a spike in volume, is it more likely to be selling pressure smashing into BID walls or avid investors voraciously eating into Ask wall?

Hint: Look along the charts at the Feb/Mar and Mar/Apri period for a clue as to what comes next. Notice any similarities? Oooh, and wasn't the long term $380 support broken just 2-3 weeks ago?

I voted on $200-$300 range. In the meantime however, I think it is a pretty good bet that Bitcoin will need to test mid $300 again.

at the moment it does seem at least that 60% of people think it's still bearish at the moment. so possibly theres some truth to the wisdom of crowds.

Quote from: bitcoinsrus on May 06, 2014, 03:15:42 PM

well you would have to sell lower (430) and hopefully buy lower. Do the math and decide if it all makes sense.
Selling now at 430. If sold at 430, then you take 120 loss per btc. If you think it will go to 310 (which would be a break even point....if my math is correct) then consider doing so (remembering it was 339 ish a few weeks ago....might or might not break that)

if i invested $55,000 at $550, what i have at the moment is $43,000. so rather than holding it up till the price is $550 again, i could cash out out and buy again when it is $300, so it amounts to more than $55,000 when the price is back at $550.

well i hope i dont get burned.

Do you think it can reach 300? It went to 339 last time and hard large buy orders. Many bought way above your original buy in. IMO you probably should just call it a day. But if you think it can go lower, then you can rebuy in lower