I'm sending FIAT on exchanges, I don't think we will see those low prices in few months from now.
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Bitcoin Close to $400
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Posted on September 19, 2014 at 3:16 AM
Last Edited: September 19, 2014 at 3:16 AM0 likes -
Posted on September 19, 2014 at 3:34 AM
I believe the price is stabalizing, in my opinion it will stay around the 500$ mark for a while since all these established companies like overstock, newegg, tigerdirect and the rest are actively selling, bringing the price down. But in the near future, prices should rise, so good investment oppertunity!
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Posted on September 19, 2014 at 5:50 AM
with a bit experience of Forex trading you can see there is a resistance zone between 370 and 325
4 attemps to break it have failed so far
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Posted on September 19, 2014 at 5:55 AM
@nmswawan i hope price btc not under $400
me too. I'm getting scared :(
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Posted on September 19, 2014 at 5:56 AM
@bernhard with a bit experience of Forex trading you can see there is a resistance zone between 370 and 325
4 attemps to break it have failed so far
in fact the bigger structure is called a wedge and is a bearish formation which could break through to the down side.
so be carefull folks with buying to soon
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Posted on September 19, 2014 at 6:13 AM
So here's where it gets mentally difficult to me… Investors say to buy low (sell high), and this price seems relatively low (and that's my gut reaction, to want to buy). But traders say not to try to catch falling knives, and these sure are falling knives. Are traders selling with the trend, thus strengthening the downward momentum? Are there margin calls helping to drive this down?
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Posted on September 19, 2014 at 6:19 AM
Just think if bitcoin could be valued more than 400$ in the future, if the answer is yes then buy all you can afford (to lose).
Considering the relative youth of bitcoin and its potential, in my opinion this is a great time to buy.
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Posted on September 19, 2014 at 6:33 AM
I'm buying as many tenths as I can.
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Posted on September 19, 2014 at 6:43 AM
It's recovering now, but I think it's only a dead cat bounce.
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Posted on September 19, 2014 at 7:25 AM
@nmswawan i hope price btc not under $400
me too. I'm getting scared :( but now, btc rate very low and under $400, level psikologis $400
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