1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Bitcoin buying opportunity.

Discussion in 'CryptoCurrency' started by MrBlue, Dec 6, 2013.

  1. MrBlue

    MrBlue Senior Member

    Joined:
    Dec 18, 2009
    Messages:
    950
    Likes Received:
    662
    Occupation:
    Web/Bot Developer
    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/
     
    • Thanks Thanks x 1
    Last edited: Dec 6, 2013
  2. Dj Co2

    Dj Co2 Elite Member

    Joined:
    Aug 21, 2009
    Messages:
    1,519
    Likes Received:
    2,355
    There isn't a clear buying signal yet.
     
  3. Nigel Farage

    Nigel Farage BANNED BANNED

    Joined:
    Feb 8, 2012
    Messages:
    563
    Likes Received:
    1,495
    What will one look like? Right now it's at about 750.
     
  4. Dj Co2

    Dj Co2 Elite Member

    Joined:
    Aug 21, 2009
    Messages:
    1,519
    Likes Received:
    2,355
    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.
     
    • Thanks Thanks x 1
  5. thisismymp3

    thisismymp3 Power Member

    Joined:
    Jan 6, 2010
    Messages:
    762
    Likes Received:
    290
    ill wait till it hits 100
     
    • Thanks Thanks x 1
  6. Dj Co2

    Dj Co2 Elite Member

    Joined:
    Aug 21, 2009
    Messages:
    1,519
    Likes Received:
    2,355
    I salute you for your over optimism sir :top:
     
    • Thanks Thanks x 3
  7. virtualc08

    virtualc08 Supreme Member

    Joined:
    Mar 23, 2010
    Messages:
    1,379
    Likes Received:
    951
    Looks great.. but i would wait for a day or two for it to go even lower and then maybe buy some.
     
  8. MadStacks

    MadStacks BANNED BANNED

    Joined:
    Oct 20, 2013
    Messages:
    1,494
    Likes Received:
    493
    It is not done falling yet! Keep holding out guys
     
  9. joshweaver9

    joshweaver9 Senior Member

    Joined:
    Nov 23, 2010
    Messages:
    847
    Likes Received:
    1,030
    Occupation:
    Marketing Consultant
    A short position? Care to explain how you are shorting the bitcoin?
     
  10. mickyfu

    mickyfu Jr. VIP Jr. VIP Premium Member

    Joined:
    Dec 14, 2011
    Messages:
    5,279
    Likes Received:
    15,473
    Location:
    Jennifers Office.
    I think I will wait till it hits 6 lira.
     
    • Thanks Thanks x 1
  11. Dj Co2

    Dj Co2 Elite Member

    Joined:
    Aug 21, 2009
    Messages:
    1,519
    Likes Received:
    2,355
    Btc-e has metatrader4
     
    • Thanks Thanks x 1
  12. joshweaver9

    joshweaver9 Senior Member

    Joined:
    Nov 23, 2010
    Messages:
    847
    Likes Received:
    1,030
    Occupation:
    Marketing Consultant
    I'm familiar with btc-e but I don't think there is truly any way to short it.
     
  13. Dj Co2

    Dj Co2 Elite Member

    Joined:
    Aug 21, 2009
    Messages:
    1,519
    Likes Received:
    2,355
    So you're saying that I'm a liar?
     
  14. johnhunter

    johnhunter Regular Member

    Joined:
    Dec 10, 2011
    Messages:
    285
    Likes Received:
    397
    Yes there is now with MT4
     
  15. bbrez1

    bbrez1 Power Member

    Joined:
    Feb 21, 2009
    Messages:
    675
    Likes Received:
    2,360
    Do you think it will keep dropping? Right now it is at 680$
     
  16. Dj Co2

    Dj Co2 Elite Member

    Joined:
    Aug 21, 2009
    Messages:
    1,519
    Likes Received:
    2,355
    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.
     
  17. cruiseplannerskc

    cruiseplannerskc Junior Member

    Joined:
    Jan 20, 2013
    Messages:
    100
    Likes Received:
    27
    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!
     
    • Thanks Thanks x 1
  18. Svettod

    Svettod Junior Member

    Joined:
    Jun 19, 2010
    Messages:
    187
    Likes Received:
    56
    Home Page:
    Buy them cheap where you still can. Get LTC too.
     
  19. Dj Co2

    Dj Co2 Elite Member

    Joined:
    Aug 21, 2009
    Messages:
    1,519
    Likes Received:
    2,355
    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

    [​IMG]
     
    • Thanks Thanks x 1
  20. Numbuh362

    Numbuh362 Elite Member

    Joined:
    Aug 22, 2012
    Messages:
    1,569
    Likes Received:
    462
    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.