I'm out. We pierced the only support that mattered.
Watch out for sharks... the whales have left the building. And once again, they say, thank you for your buy support as they sold off their bags of holding.
Here that noise? It's the sound of an overinflated, no-intrinsic-value ponzi, deflating.
It's even dropping as I'm writing this {"amount":"333.18","currency":"USD"}
I feel with you. I will only buy back if $100 appears stable.
philipjterry
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Looking back on this is rather amusing lol. What's that... 60x gains if you sat tight?
BitcoinGuru
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this is a mere highly DUE price correction for Bitcoin that was bound to happen. Been calling it since the 500s. Once we hit the bottom somewhere around $100-250 then Bitcoin can grow again as a healthy stock. The spike from 180 to 1170$ last November-December was an unhealthy spike that got worse with the China ban and the FAIL of gox. WIth all the companies developing and born around Bitcoin now I do not see it die. Having said that, I think we wil be consolidating at the 100-200s low for several months then move up slowly from there. Maybe we will not see a bull market till later in 2015 or even 2016