Quote from: JayJuanGee on October 31, 2014, 07:42:58 PM

Quote from: BitAddict on October 31, 2014, 06:50:31 PM

Quote from: BitChick on October 31, 2014, 06:41:41 PM

Quote from: seleme on October 31, 2014, 06:18:11 PM

I would seriously appreciate the bottom, need to take my life back. Please.

I hear ya. Is it just me or has anyone else been delaying things until BTC decides to go up in price again?

It is a bit painful. We are perhaps a little "overinvested" right now. Sure, we can sell coins right now (not even at a loss of what we paid originally) but it is a horrible time to sell, so we wait, and wait and wait. Undecided

In the mean time, we could really use a new couch, new carpet, have a zero percent credit card that we are just delaying paying because we don't really want to sell coins and then Christmas is just around the corner. The kids really want a nice Christmas. Wink

Hopefully we are at least back to $600 by then? I can hope anyways.

Do you have a plan in case bitcoin goes below $275 and stays lower for several months or even 1-2 years?
This kind of thinking of delaying and being overinvested in bitcoin is going to lead to a massive panic dump like the good old times if we go below $275. Dunno if it will break, but be careful.

My plan is HODL and continue to buy, buy, buy.... and I hope this 1-2 years of continued bear-market scenario does NOT happen. I will stop buying and maybe even sell if something significant changes with the fundamentals - on the contrary, it seems to me that BTC fundamentals remain pretty strong.

I figure the worst case scenario would be the price stagnates until the halving in 2016. Really, who can say that the price won't increase at that point? I would think it has to.

2016 isn't that long. Many investments require years of patience. Wink