Quote from: jackfruit on May 14, 2014, 07:22:10 PM

Quote from: sverigetrader on May 14, 2014, 07:00:22 PM

Sorry guys, but I am getting scared with BC losing value everyday. I will hold it no matter it goes ( I am a big supporter of BC), but I would be glad to hear more positive voices here ! Thanks !

The only question you need to ask yourself is this - what's BC's long term future? If it's positive (and BC is one of the few alts I believe has a good long term future) then short term dips shouldn't scare you. If anything (once you're convinced of long term profitability - eg > 3-6 months) then take to heart Warren Buffet's advice Be Fearful When Others Are Greedy and Greedy When Others Are Fearful.

So following that advice, now is actually a buying opportunity...maybe even a few days there would be a lower price. I myself wish I would have followed Buffet's advice during the April pump. My gut was telling me that the run up was going too far too fast and would have to come down, but i was just hoping when the run up stopped that it would have established a floor above 100K. If I'd have followed my gut then, I'd have made a lot of BTC and been able to buy back a lot more BC.

My gut's telling me that BC is oversold currently (but might slide down a bit more in the coming days), and it will rise pretty quickly once more. I believe the price go up with the positive news coming out in a few weeks...such as people buying stuff at shops with BC through CoinKite. If nothing else, whales will definitely use the opportunity to make some money..there has been quite a bit of accumulation going on during the downtrend.

Took my own advice. BOUGHT SOME MORE BC!