Bitcoin buying opportunity.

MrBlue

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News this morning out of China has sent BTC price into free-fall. Buying opportunity is just around the corner. :)

Code:
http://www.bbc.co.uk/news/technology-25233224
Code:
http://www.wired.com/wiredenterprise/2013/12/china_bank/
 
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What will one look like? Right now it's at about 750.

780* :P I had a short position on it since yesterday and closed it at 700 but it could still go down again that's why I'm staying out for the moment. Maybe I'll update this thread when I think it's time to go long.
 
Looks great.. but i would wait for a day or two for it to go even lower and then maybe buy some.
 
A short position? Care to explain how you are shorting the bitcoin?
 
I'm familiar with btc-e but I don't think there is truly any way to short it.
 
Do you think it will keep dropping? Right now it is at 680$
 
Do you think it will keep dropping? Right now it is at 680$

Maybe. It tried to come back up but seems like its dropping again. The lowest today was $550. If it breaks that then we might be in for a further downtrend.
 
There is no "opportunity" on bit coin right now.. seriously.. because you can't SHORT it as a currency!
Get out of the way on this one.. The chance to make money will come AFTER the death spiral on the dead cat bounce!
News this morning out of China has sent BTC price into free-fall. Buying opportunity is just around the corner. :)

Code:
http://www.bbc.co.uk/news/technology-25233224
Code:
http://www.wired.com/wiredenterprise/2013/12/china_bank/
 
Buy them cheap where you still can. Get LTC too.
 
There is no "opportunity" on bit coin right now.. seriously.. because you can't SHORT it as a currency!
Get out of the way on this one.. The chance to make money will come AFTER the death spiral on the dead cat bounce!

Not that I want to waste my time proving how wrong you are but I'd still like to post a screenshot of my SHORT TRADES so that you take it as a lesson to do some research before you go on making conclusions

ts9Jca6
 
ill wait till it hits 100
Then buy litecoins, as you may know many people don't know you can buy fractions of a bitcoin. With bitcoins at $1,000 not many people can afford them, so litecoins are the new thing. Litecoins are #2 to bitcoin and are at around $100 right now.
 
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